# GUARDIAN CAPITAL ADVISORS LP

> Institutional holdings reported to the SEC as of Q3 2024 on Form 13F. CIK 1512652. Source: https://holderbook.com/funds/1512652-guardian-capital-advisors-lp/

- Reported value: $1.0B
- Positions: 167
- Weight of the ten largest: 32.5%
- Filed: 2024-11-12

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/) | $63.4M | 512,794 | 6.2% | 24 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $46.5M | 731,469 | 4.6% | 24 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $34.1M | 374,594 | 3.4% | 24 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $33.3M | 611,777 | 3.3% | 24 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $32.9M | 801,195 | 3.2% | 24 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $30.7M | 72,984 | 3.0% | 24 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $26.8M | 229,098 | 2.6% | 24 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $21.2M | 350,241 | 2.1% | 24 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.6M | 91,236 | 2.0% | 24 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $20.6M | 595,476 | 2.0% | 24 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $20.3M | 97,850 | 2.0% | 24 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $16.8M | 44,450 | 1.7% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $16.3M | 53,928 | 1.6% | 24 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $15.6M | 96,546 | 1.5% | 24 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $15.6M | 327,744 | 1.5% | 8 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $15.4M | 291,300 | 1.5% | 8 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $15.4M | 130,352 | 1.5% | 24 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $15.3M | 89,524 | 1.5% | 24 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $14.7M | 126,523 | 1.4% | 24 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $14.5M | 133,115 | 1.4% | 24 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $14.2M | 849,521 | 1.4% | 24 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $13.7M | 393,151 | 1.3% | 24 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $13.2M | 269,048 | 1.3% | 24 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $13.1M | 287,322 | 1.3% | 24 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $13.0M | 730,956 | 1.3% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $12.7M | 156,681 | 1.3% | 24 |
| IMPERIAL OIL LTD | [IMO](https://holderbook.com/stocks/IMO/) | $12.3M | 167,067 | 1.2% | 24 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $11.9M | 169,911 | 1.2% | 24 |
| ISHARES TR | [EWJV](https://holderbook.com/stocks/EWJV/) | $11.7M | 352,938 | 1.2% | 3 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $11.7M | 51,674 | 1.1% | 24 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $11.3M | 399,815 | 1.1% | 5 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $11.2M | 284,258 | 1.1% | 24 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $11.1M | 100,343 | 1.1% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $11.1M | 19,008 | 1.1% | 24 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $10.9M | 22,038 | 1.1% | 24 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $10.5M | 183,054 | 1.0% | 24 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $10.4M | 69,634 | 1.0% | 24 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $10.3M | 268,564 | 1.0% | 24 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $9.8M | 233,413 | 1.0% | 24 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $9.7M | 167,755 | 1.0% | 24 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $9.5M | 10,822 | 0.9% | 18 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $8.9M | 184,880 | 0.9% | 22 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $8.4M | 127,426 | 0.8% | 24 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $8.3M | 41,409 | 0.8% | 23 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $8.2M | 30,577 | 0.8% | 24 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $8.1M | 46,912 | 0.8% | 24 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $7.6M | 45,290 | 0.7% | 24 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $7.4M | 182,055 | 0.7% | 24 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $7.4M | 65,196 | 0.7% | 15 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $7.2M | 125,760 | 0.7% | 2 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $7.1M | 50,812 | 0.7% | 24 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.8M | 40,849 | 0.7% | 24 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $6.8M | 54,558 | 0.7% | 18 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.4M | 11,201 | 0.6% | 24 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $6.3M | 100,205 | 0.6% | 24 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $6.2M | 188,213 | 0.6% | 24 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $6.1M | 600,391 | 0.6% | 24 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $5.7M | 191,709 | 0.6% | 24 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $5.5M | 132,793 | 0.5% | 23 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $5.3M | 31,779 | 0.5% | 24 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $5.1M | 57,407 | 0.5% | 24 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $5.1M | 52,370 | 0.5% | 10 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $5.0M | 48,676 | 0.5% | 24 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $5.0M | 60,705 | 0.5% | 24 |
| ABCELLERA BIOLOGICS INC | [ABCL](https://holderbook.com/stocks/ABCL/) | $4.6M | 1,786,414 | 0.5% | 14 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $3.9M | 14,222 | 0.4% | 2 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $3.8M | 48,642 | 0.4% | 24 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $3.6M | 71,965 | 0.4% | 17 |
| THOMSON REUTERS CORP | [TRIXXXX](https://holderbook.com/stocks/TRIXXXX/) | $3.5M | 20,655 | 0.3% | 6 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $3.4M | 52,690 | 0.3% | 24 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $3.4M | 98,420 | 0.3% | 24 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.4M | 6,481 | 0.3% | 5 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $3.4M | 61,018 | 0.3% | 24 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.2M | 111,071 | 0.3% | 24 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $3.1M | 6,151 | 0.3% | 24 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.1M | 32,952 | 0.3% | 24 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $2.9M | 11,510 | 0.3% | 5 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $2.8M | 15,840 | 0.3% | 24 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $2.6M | 4,317 | 0.3% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.6M | 2,922 | 0.3% | 24 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $2.5M | 34,325 | 0.2% | 3 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $2.4M | 6,790 | 0.2% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.4M | 45,776 | 0.2% | 5 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $2.4M | 29,960 | 0.2% | 4 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $2.2M | 17,081 | 0.2% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 12,735 | 0.2% | 24 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $1.8M | 65,554 | 0.2% | 24 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $1.8M | 8,195 | 0.2% | 24 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.8M | 15,271 | 0.2% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 9,628 | 0.2% | 24 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $1.7M | 40,200 | 0.2% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.7M | 3,752 | 0.2% | 24 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.6M | 44,600 | 0.2% | 2 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $1.6M | 31,002 | 0.2% | 24 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $1.6M | 32,663 | 0.2% | 24 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.6M | 5,824 | 0.2% | 17 |
| CGI INC | [GIB](https://holderbook.com/stocks/GIB/) | $1.5M | 13,181 | 0.1% | 23 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.5M | 365 | 0.1% | 13 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.5M | 3,151 | 0.1% | 7 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $1.4M | 16,620 | 0.1% | 6 |

## 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 2024 | +8.8% | +5.4% | +3.4% | 98% |
| Q2 2024 | -1.9% | +4.0% | -6.0% | 104% |
| Q1 2024 | +4.0% | +10.0% | -6.0% | 99% |
| Q4 2023 | +9.1% | +11.2% | -2.1% | 99% |
| Q3 2023 | -4.9% | -3.6% | -1.4% | 102% |
| Q2 2023 | +2.2% | +8.3% | -6.1% | 98% |
| Q1 2023 | +1.3% | +7.0% | -5.7% | 97% |
| Q4 2022 | +8.2% | +7.1% | +1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2024 | $1.0B | 167 |
| Q2 2024 | $938.8M | 172 |
| Q1 2024 | $927.6M | 170 |
| Q4 2023 | $959.0M | 170 |
| Q3 2023 | $893.7M | 165 |
| Q2 2023 | $879.4M | 164 |
| Q1 2023 | $868.4M | 154 |
| Q4 2022 | $881.9M | 160 |
| Q3 2022 | $800.4M | 153 |
| Q2 2022 | $871.5M | 160 |
| Q1 2022 | $1.0B | 168 |
| Q4 2021 | $1.0B | 174 |