# Greystone Managed Investments Inc.

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1477836. Source: https://holderbook.com/funds/1477836-greystone-managed-investments-inc/

- Reported value: $1.6B
- Positions: 94
- Weight of the ten largest: 34.1%
- Filed: 2019-11-05

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 |
|---|---|---|---|---|---|
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $103.5M | 1,774,333 | 6.3% | 4 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $82.4M | 1,015,105 | 5.0% | 4 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $52.5M | 1,495,915 | 3.2% | 4 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $47.7M | 530,350 | 2.9% | 4 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $47.4M | 516,101 | 2.9% | 4 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $46.9M | 1,485,700 | 2.8% | 4 |
| CGI INC | [GIB](https://holderbook.com/stocks/GIB/) | $46.0M | 581,144 | 2.8% | 3 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $45.9M | 808,220 | 2.8% | 4 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $45.0M | 610,894 | 2.7% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $44.2M | 951,268 | 2.7% | 4 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $42.5M | 2,316,054 | 2.6% | 4 |
| NICE LTD | [NICE](https://holderbook.com/stocks/NICE/) | $41.7M | 290,297 | 2.5% | 4 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $39.8M | 764,020 | 2.4% | 4 |
| BROOKFIELD ASSET MGMT INC | [BAMXXXX](https://holderbook.com/stocks/BAMXXXX/) | $39.6M | 745,665 | 2.4% | 4 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $36.8M | 869,556 | 2.2% | 4 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $36.7M | 988,987 | 2.2% | 4 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $31.6M | 346,300 | 1.9% | 4 |
| ALGONQUIN POWER & UTILITIES | [AQN](https://holderbook.com/stocks/AQN/) | $30.1M | 2,193,687 | 1.8% | 4 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $29.4M | 1,105,457 | 1.8% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.9M | 207,882 | 1.8% | 4 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $27.8M | 620,470 | 1.7% | 4 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $27.0M | 503,100 | 1.6% | 4 |
| CANADIAN PAC RY LTD | [CPXXXX](https://holderbook.com/stocks/CPXXXX/) | $25.4M | 114,381 | 1.5% | 4 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $25.3M | 95,096 | 1.5% | 4 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $21.6M | 528,800 | 1.3% | 4 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $19.0M | 389,958 | 1.2% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $17.6M | 78,535 | 1.1% | 4 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $17.5M | 44,986 | 1.1% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $16.8M | 142,467 | 1.0% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $16.5M | 13,541 | 1.0% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $16.3M | 70,089 | 1.0% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $14.9M | 125,581 | 0.9% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.2M | 168,478 | 0.9% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $14.2M | 52,137 | 0.9% | 4 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $14.1M | 252,441 | 0.9% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $14.0M | 60,414 | 0.9% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $14.0M | 231,240 | 0.8% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $12.5M | 348,803 | 0.8% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $12.5M | 276,759 | 0.8% | 4 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $12.4M | 73,078 | 0.7% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $12.2M | 103,065 | 0.7% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.0M | 6,908 | 0.7% | 4 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $11.8M | 53,271 | 0.7% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $11.6M | 67,333 | 0.7% | 4 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $10.6M | 261,328 | 0.6% | 4 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $10.5M | 33,698 | 0.6% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $10.4M | 37,606 | 0.6% | 4 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $10.3M | 149,243 | 0.6% | 4 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $10.2M | 191,360 | 0.6% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $10.1M | 46,390 | 0.6% | 4 |
| ENERPLUS CORP | [ERF](https://holderbook.com/stocks/ERF/) | $9.9M | 1,333,440 | 0.6% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $9.7M | 89,214 | 0.6% | 4 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $9.6M | 124,766 | 0.6% | 4 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $9.1M | 171,660 | 0.6% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $8.9M | 32,337 | 0.5% | 4 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $8.9M | 71,696 | 0.5% | 4 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $8.9M | 63,503 | 0.5% | 4 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $8.9M | 30,402 | 0.5% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $8.8M | 23,134 | 0.5% | 4 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $8.8M | 8,109 | 0.5% | 4 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $8.7M | 213,950 | 0.5% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $8.6M | 75,067 | 0.5% | 2 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $8.4M | 204,986 | 0.5% | 4 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $8.2M | 193,164 | 0.5% | 4 |
| CELANESE CORP DEL | [CE](https://holderbook.com/stocks/CE/) | $8.1M | 66,583 | 0.5% | 4 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $8.0M | 32,640 | 0.5% | 4 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $7.6M | 146,030 | 0.5% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $7.3M | 57,571 | 0.4% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $7.1M | 43,947 | 0.4% | 4 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $7.0M | 145,250 | 0.4% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.7M | 37,471 | 0.4% | 4 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $6.5M | 31,465 | 0.4% | 4 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $6.4M | 180,520 | 0.4% | 4 |
| SHAW COMMUNICATIONS INC | [SJR](https://holderbook.com/stocks/SJR/) | $6.4M | 326,450 | 0.4% | 4 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $6.4M | 3,268 | 0.4% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $6.4M | 49,310 | 0.4% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.2M | 35,592 | 0.4% | 4 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $6.1M | 81,802 | 0.4% | 4 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $6.0M | 35,682 | 0.4% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.7M | 19,664 | 0.3% | 2 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $3.8M | 42,843 | 0.2% | 4 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $3.7M | 17,346 | 0.2% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.6M | 26,191 | 0.2% | 4 |
| LAZARD LTD | [LAZXXXX](https://holderbook.com/stocks/LAZXXXX/) | $3.4M | 97,946 | 0.2% | 4 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $3.2M | 63,920 | 0.2% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.1M | 61,883 | 0.2% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.0M | 23,576 | 0.2% | 4 |
| CAPRI HOLDINGS LIMITED | [CPRI](https://holderbook.com/stocks/CPRI/) | $3.0M | 91,541 | 0.2% | 3 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $2.6M | 35,880 | 0.2% | 4 |
| SANDSTORM GOLD LTD | [SAND](https://holderbook.com/stocks/SAND/) | $2.2M | 383,570 | 0.1% | 2 |
| NORTH AMERN CONSTR GROUP LTD | [NOA](https://holderbook.com/stocks/NOA/) | $840.0K | 72,800 | 0.1% | 1 |
| HUDBAY MINERALS INC | [HBM](https://holderbook.com/stocks/HBM/) | $466.0K | 128,990 | 0.0% | 4 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $400.0K | 4,280 | 0.0% | 4 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $313.0K | 2,255 | 0.0% | 2 |

## 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 |
|---|---|---|---|---|
| Q3 2019 | +1.5% | +1.3% | +0.2% | 100% |
| Q2 2019 | +4.9% | +3.7% | +1.2% | 100% |
| Q1 2019 | +14.2% | +13.0% | +1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $1.6B | 94 |
| Q2 2019 | $1.8B | 94 |
| Q1 2019 | $1.7B | 93 |
| Q4 2018 | $1.6B | 94 |