# GUARDIAN CAPITAL LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1224324. Source: https://holderbook.com/funds/1224324-guardian-capital-lp/

- Reported value: $4.1B
- Positions: 174
- Weight of the ten largest: 36.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $330.4M | 1,596,304 | 8.0% | 31 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $154.6M | 3,909,304 | 3.8% | 31 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $150.5M | 1,237,833 | 3.7% | 31 |
| CGI INC | [GIB](https://holderbook.com/stocks/GIB/) | $142.2M | 2,201,421 | 3.5% | 30 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $142.2M | 3,333,406 | 3.5% | 15 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $136.7M | 880,414 | 3.3% | 31 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $122.4M | 2,276,146 | 3.0% | 31 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $112.8M | 5,097,794 | 2.7% | 31 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $108.6M | 614,927 | 2.6% | 31 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $102.4M | 1,181,757 | 2.5% | 13 |
| BOYD GROUP SERVICES INC | [BGSI](https://holderbook.com/stocks/BGSI/) | $102.0M | 1,077,236 | 2.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $101.1M | 349,387 | 2.5% | 31 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $90.6M | 786,905 | 2.2% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $89.8M | 237,790 | 2.2% | 25 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $80.4M | 40,414 | 2.0% | 25 |
| MDA SPACE LTD | [MDA](https://holderbook.com/stocks/MDA/) | $78.6M | 1,906,121 | 1.9% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $74.1M | 207,482 | 1.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $71.9M | 192,668 | 1.7% | 31 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $68.4M | 942,679 | 1.7% | 23 |
| GILDAN ACTIVEWEAR INC | [GIL](https://holderbook.com/stocks/GIL/) | $67.6M | 1,311,862 | 1.6% | 4 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $65.6M | 882,109 | 1.6% | 18 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $62.8M | 1,158,110 | 1.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $62.5M | 66,758 | 1.5% | 31 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $61.1M | 534,485 | 1.5% | 26 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $56.0M | 1,380,780 | 1.4% | 31 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $50.4M | 422,207 | 1.2% | 31 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $43.9M | 564,830 | 1.1% | 3 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $41.9M | 483,249 | 1.0% | 31 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $41.7M | 728,917 | 1.0% | 31 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $40.9M | 521,234 | 1.0% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $40.0M | 157,659 | 1.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $39.4M | 196,760 | 1.0% | 31 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $37.9M | 337,081 | 0.9% | 26 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $37.5M | 138,896 | 0.9% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $36.3M | 34,813 | 0.9% | 11 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $33.6M | 177,185 | 0.8% | 2 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $32.9M | 896,178 | 0.8% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $31.1M | 55,165 | 0.8% | 9 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $30.8M | 517,290 | 0.7% | 18 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $30.4M | 59,129 | 0.7% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $29.7M | 30,371 | 0.7% | 10 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $29.5M | 138,447 | 0.7% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $29.1M | 192,058 | 0.7% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $27.8M | 357,942 | 0.7% | 18 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $26.6M | 105,866 | 0.6% | 17 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $26.3M | 198,454 | 0.6% | 14 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $25.7M | 790,127 | 0.6% | 31 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $25.5M | 699,776 | 0.6% | 7 |
| STANTEC INC | [STN](https://holderbook.com/stocks/STN/) | $25.3M | 366,195 | 0.6% | 26 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $24.7M | 110,620 | 0.6% | 31 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $24.2M | 384,134 | 0.6% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $24.1M | 136,776 | 0.6% | 8 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $23.0M | 512,297 | 0.6% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $21.3M | 60,269 | 0.5% | 31 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $21.0M | 15,437 | 0.5% | 18 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $20.3M | 16,901 | 0.5% | 11 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $20.2M | 436,901 | 0.5% | 31 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $18.5M | 280,149 | 0.5% | 29 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $17.5M | 84,820 | 0.4% | 5 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $17.1M | 146,617 | 0.4% | 18 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $17.0M | 71,324 | 0.4% | 16 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $16.8M | 114,834 | 0.4% | 3 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $16.0M | 550,067 | 0.4% | 11 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $15.0M | 94,527 | 0.4% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.9M | 42,546 | 0.3% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $12.5M | 46,055 | 0.3% | 23 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $12.4M | 42,383 | 0.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $12.2M | 33,791 | 0.3% | 16 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $11.9M | 71,344 | 0.3% | 31 |
| BROOKFIELD INFRASTRUCTURE CO | [BIPC](https://holderbook.com/stocks/BIPC/) | $11.6M | 300,687 | 0.3% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $11.0M | 75,010 | 0.3% | 31 |
| HUDBAY MINERALS INC | [HBM](https://holderbook.com/stocks/HBM/) | $10.7M | 452,109 | 0.3% | 3 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $9.1M | 151,981 | 0.2% | 3 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $8.8M | 127,360 | 0.2% | 24 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $8.3M | 24,839 | 0.2% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $8.3M | 19,985 | 0.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $7.8M | 43,672 | 0.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.9M | 19,586 | 0.2% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.6M | 15,311 | 0.2% | 3 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $6.4M | 54,389 | 0.2% | 22 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.3M | 18,370 | 0.2% | 30 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $5.9M | 239,597 | 0.1% | 3 |
| OSHKOSH CORP | [OSK](https://holderbook.com/stocks/OSK/) | $5.7M | 37,227 | 0.1% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $5.7M | 14,346 | 0.1% | 2 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $5.6M | 132,378 | 0.1% | 16 |
| TELESAT CORP | [TSAT](https://holderbook.com/stocks/TSAT/) | $5.4M | 107,029 | 0.1% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.3M | 9,181 | 0.1% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $5.2M | 15,321 | 0.1% | 4 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $5.1M | 23,200 | 0.1% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $5.1M | 3,667 | 0.1% | 9 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $4.9M | 13,020 | 0.1% | 11 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $4.7M | 33,063 | 0.1% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $4.6M | 11,576 | 0.1% | 10 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $4.4M | 6,125 | 0.1% | 5 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $4.4M | 12,996 | 0.1% | 3 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $4.2M | 102,100 | 0.1% | 10 |
| GREENBRIER COS INC | [GBX](https://holderbook.com/stocks/GBX/) | $3.9M | 79,339 | 0.1% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $3.9M | 11,242 | 0.1% | 31 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $3.8M | 273,035 | 0.1% | 5 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $3.8M | 21,400 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.6% | +14.8% | -9.3% | 100% |
| Q1 2026 | +1.7% | -4.6% | +6.4% | 100% |
| Q4 2025 | +3.1% | +2.4% | +0.7% | 100% |
| Q3 2025 | +8.2% | +7.8% | +0.4% | 100% |
| Q2 2025 | +10.2% | +10.5% | -0.3% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.1% | 100% |
| Q4 2024 | -3.3% | +2.1% | -5.4% | 99% |
| Q3 2024 | +9.1% | +5.4% | +3.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.1B | 174 |
| Q1 2026 | $3.8B | 177 |
| Q4 2025 | $3.4B | 178 |
| Q3 2025 | $3.1B | 170 |
| Q2 2025 | $2.8B | 157 |
| Q1 2025 | $2.5B | 150 |
| Q4 2024 | $2.7B | 143 |
| Q3 2024 | $2.7B | 125 |
| Q2 2024 | $2.7B | 126 |
| Q1 2024 | $2.9B | 147 |
| Q4 2023 | $2.8B | 153 |
| Q3 2023 | $2.7B | 149 |