# Sagard Holdings Management Inc.

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1941151. Source: https://holderbook.com/funds/1941151-sagard-holdings-management-inc/

- Reported value: $20.0M
- Positions: 107
- Weight of the ten largest: 81.8%
- Filed: 2025-11-14

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $6.6M | 9,911 | 33.2% | 2 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $3.6M | 37,714 | 18.0% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.6M | 27,979 | 13.1% | 2 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $1.5M | 25,930 | 7.6% | 2 |
| HARBOR ETF TRUST | [HGER](https://holderbook.com/stocks/HGER/) | $677.0K | 26,242 | 3.4% | 2 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $405.3K | 2,752 | 2.0% | 2 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $352.3K | 4,409 | 1.8% | 2 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $193.3K | 3,221 | 1.0% | 2 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $191.8K | 2,797 | 1.0% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $163.2K | 315 | 0.8% | 2 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $156.3K | 3,101 | 0.8% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $149.7K | 588 | 0.7% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $136.1K | 560 | 0.7% | 2 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $125.6K | 3,004 | 0.6% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $119.4K | 640 | 0.6% | 2 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $113.6K | 4,866 | 0.6% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $111.7K | 1,100 | 0.6% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $105.8K | 144 | 0.5% | 2 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $105.2K | 599 | 0.5% | 2 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $100.8K | 1,355 | 0.5% | 2 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $95.9K | 3,081 | 0.5% | 2 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $95.1K | 6,044 | 0.5% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $92.4K | 280 | 0.5% | 2 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $89.1K | 1,050 | 0.4% | 2 |
| COLLIERS INTL GROUP INC | [CIGI](https://holderbook.com/stocks/CIGI/) | $86.7K | 555 | 0.4% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $85.5K | 170 | 0.4% | 2 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $79.2K | 416 | 0.4% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $79.0K | 360 | 0.4% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $71.1K | 631 | 0.4% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $70.0K | 222 | 0.4% | 2 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $62.5K | 1,956 | 0.3% | 2 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $56.6K | 525 | 0.3% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $55.5K | 114 | 0.3% | 2 |
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $52.8K | 10,680 | 0.3% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $52.3K | 362 | 0.3% | 2 |
| BRP INC | [DOO](https://holderbook.com/stocks/DOO/) | $51.3K | 845 | 0.3% | 2 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $51.2K | 942 | 0.3% | 2 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $50.6K | 142 | 0.3% | 2 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $50.0K | 66 | 0.3% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $46.3K | 897 | 0.2% | 2 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $40.0K | 703 | 0.2% | 2 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $37.9K | 1,015 | 0.2% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $37.5K | 1,472 | 0.2% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $37.0K | 65 | 0.2% | 2 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $34.6K | 250 | 0.2% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $34.3K | 145 | 0.2% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $32.5K | 94 | 0.2% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $32.4K | 80 | 0.2% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $29.7K | 87 | 0.1% | 2 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $29.6K | 114 | 0.1% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $29.5K | 109 | 0.1% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $29.1K | 61 | 0.1% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $28.6K | 171 | 0.1% | 2 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $25.2K | 46 | 0.1% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $25.0K | 41 | 0.1% | 2 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $24.6K | 36 | 0.1% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $24.4K | 81 | 0.1% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $23.9K | 69 | 0.1% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.2K | 24 | 0.1% | 2 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $20.0K | 423 | 0.1% | 2 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $19.8K | 93 | 0.1% | 2 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $19.7K | 105 | 0.1% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $19.0K | 54 | 0.1% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $18.9K | 103 | 0.1% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $18.7K | 122 | 0.1% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $17.9K | 37 | 0.1% | 2 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $17.5K | 122 | 0.1% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $17.3K | 39 | 0.1% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $16.3K | 98 | 0.1% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $16.1K | 53 | 0.1% | 2 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $13.4K | 144 | 0.1% | 2 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $12.5K | 82 | 0.1% | 2 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $12.3K | 111 | 0.1% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $12.3K | 20 | 0.1% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $12.2K | 91 | 0.1% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $12.1K | 127 | 0.1% | 2 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $11.9K | 181 | 0.1% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $11.2K | 134 | 0.1% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $10.2K | 154 | 0.1% | 2 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $10.0K | 95 | 0.1% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $10.0K | 87 | 0.0% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.1K | 49 | 0.0% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $8.5K | 43 | 0.0% | 2 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $8.2K | 134 | 0.0% | 2 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $8.0K | 30 | 0.0% | 2 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $7.9K | 42 | 0.0% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $7.7K | 102 | 0.0% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $6.8K | 101 | 0.0% | 2 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $6.7K | 46 | 0.0% | 2 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $6.5K | 85 | 0.0% | 2 |
| GLOBAL X FDS | [SIL](https://holderbook.com/stocks/SIL/) | $6.4K | 90 | 0.0% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $6.3K | 199 | 0.0% | 2 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $5.6K | 468 | 0.0% | 2 |
| AMPLIFY ETF TR | [SILJ](https://holderbook.com/stocks/SILJ/) | $5.4K | 235 | 0.0% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $5.2K | 155 | 0.0% | 2 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $5.1K | 68 | 0.0% | 2 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $4.5K | 45 | 0.0% | 2 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $4.1K | 15 | 0.0% | 2 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $3.3K | 144 | 0.0% | 2 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $2.0K | 27 | 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 2025 | +3.5% | +7.8% | -4.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $20.0M | 107 |
| Q2 2025 | $35.7M | 113 |