# Credential Securities Inc.

> Institutional holdings reported to the SEC as of Q2 2018 on Form 13F. CIK 2077904. Source: https://holderbook.com/funds/2077904-credential-securities-inc/

- Reported value: $440.4M
- Positions: 241
- Weight of the ten largest: 40.8%
- Filed: 2025-07-21

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/) | $30.6M | 528,518 | 6.9% | 18 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $28.6M | 791,184 | 6.5% | 18 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $25.1M | 443,951 | 5.7% | 18 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $16.9M | 207,301 | 3.8% | 18 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $16.4M | 123,525 | 3.7% | 18 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $16.2M | 900,017 | 3.7% | 18 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $12.9M | 62,072 | 2.9% | 18 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $11.4M | 79,340 | 2.6% | 18 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $11.3M | 97,813 | 2.6% | 12 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $10.2M | 41,616 | 2.3% | 5 |
| BROOKFIELD ASSET MGMT INC | [BAMXXXX](https://holderbook.com/stocks/BAMXXXX/) | $10.1M | 249,710 | 2.3% | 18 |
| PRAXAIR INC | - | $9.3M | 58,997 | 2.1% | 12 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $9.0M | 188,823 | 2.0% | 18 |
| PRUDENTIAL PLC | [PUK](https://holderbook.com/stocks/PUK/) | $8.9M | 194,968 | 2.0% | 18 |
| TRANSCANADA CORP | [TRPXXXX](https://holderbook.com/stocks/TRPXXXX/) | $8.8M | 204,142 | 2.0% | 18 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $8.8M | 116,962 | 2.0% | 18 |
| UNITED TECHNOLOGIES CORP | [UTX](https://holderbook.com/stocks/UTX/) | $8.8M | 70,035 | 2.0% | 12 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $8.2M | 78,567 | 1.9% | 3 |
| SHIRE PLC | [SHPG](https://holderbook.com/stocks/SHPG/) | $7.8M | 46,503 | 1.8% | 9 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $7.8M | 55,767 | 1.8% | 12 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $7.0M | 96,443 | 1.6% | 18 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.8M | 62,604 | 1.5% | 18 |
| NIELSEN HLDGS PLC | [NLSN](https://holderbook.com/stocks/NLSN/) | $6.5M | 210,573 | 1.5% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.1M | 62,121 | 1.4% | 18 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $5.6M | 156,657 | 1.3% | 18 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $5.2M | 95,019 | 1.2% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.0M | 21,228 | 0.9% | 10 |
| GROUPE CGI INC | [GIBXXXX](https://holderbook.com/stocks/GIBXXXX/) | $3.8M | 60,067 | 0.9% | 18 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $3.6M | 105,237 | 0.8% | 18 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $3.6M | 41,444 | 0.8% | 18 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.2M | 26,216 | 0.7% | 18 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.1M | 29,990 | 0.7% | 18 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $2.8M | 69,226 | 0.6% | 18 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $2.8M | 78,543 | 0.6% | 18 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.6M | 59,489 | 0.6% | 18 |
| STANTEC INC | [STN](https://holderbook.com/stocks/STN/) | $2.6M | 101,388 | 0.6% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.5M | 13,596 | 0.6% | 18 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $2.4M | 227,301 | 0.5% | 18 |
| CANADIAN PAC RY LTD | [CPXXXX](https://holderbook.com/stocks/CPXXXX/) | $2.3M | 12,539 | 0.5% | 18 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $2.2M | 69,054 | 0.5% | 7 |
| THOMSON REUTERS CORP | - | $2.1M | 51,819 | 0.5% | 18 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $2.0M | 31,810 | 0.5% | 18 |
| GILDAN ACTIVEWEAR INC | [GIL](https://holderbook.com/stocks/GIL/) | $1.8M | 65,412 | 0.4% | 18 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.8M | 9,247 | 0.4% | 18 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $1.8M | 44,249 | 0.4% | 18 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.7M | 30,013 | 0.4% | 18 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.5M | 35,816 | 0.3% | 18 |
| CA INC | - | $1.5M | 41,666 | 0.3% | 18 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.4M | 1,280 | 0.3% | 11 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.3M | 26,619 | 0.3% | 18 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.3M | 1,191 | 0.3% | 11 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.3M | 5,373 | 0.3% | 18 |
| EQUINOR ASA | [EQNR](https://holderbook.com/stocks/EQNR/) | $1.3M | 48,687 | 0.3% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.3M | 35,293 | 0.3% | 18 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $1.3M | 6,558 | 0.3% | 12 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $1.2M | 30,133 | 0.3% | 18 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.2M | 42,694 | 0.3% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.2M | 5,990 | 0.3% | 17 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.2M | 10,730 | 0.3% | 18 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $1.1M | 14,654 | 0.3% | 18 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $1.1M | 31,181 | 0.3% | 18 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.1M | 17,718 | 0.2% | 18 |
| VERMILION ENERGY INC | [VET](https://holderbook.com/stocks/VET/) | $1.1M | 30,145 | 0.2% | 18 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.1M | 3,627 | 0.2% | 18 |
| BB&T CORP | [BBT](https://holderbook.com/stocks/BBT/) | $1.1M | 20,966 | 0.2% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.0M | 13,221 | 0.2% | 18 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $1.0M | 14,751 | 0.2% | 18 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $988.9K | 24,108 | 0.2% | 14 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $986.7K | 13,319 | 0.2% | 18 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $986.2K | 7,958 | 0.2% | 18 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $976.5K | 29,754 | 0.2% | 11 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $965.1K | 22,661 | 0.2% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $949.7K | 8,615 | 0.2% | 18 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $932.6K | 14,390 | 0.2% | 18 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $919.2K | 15,141 | 0.2% | 18 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $916.2K | 7,362 | 0.2% | 18 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $911.6K | 18,113 | 0.2% | 18 |
| NOBLE ENERGY INC | [NBL](https://holderbook.com/stocks/NBL/) | $904.9K | 25,648 | 0.2% | 14 |
| ROYAL DUTCH SHELL PLC | [RDSA](https://holderbook.com/stocks/RDSA/) | $900.5K | 13,008 | 0.2% | 10 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $899.6K | 15,840 | 0.2% | 18 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $894.8K | 14,911 | 0.2% | 15 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $864.3K | 5,515 | 0.2% | 18 |
| DOWDUPONT INC | [DWDP](https://holderbook.com/stocks/DWDP/) | $859.9K | 13,038 | 0.2% | 4 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $857.2K | 6,187 | 0.2% | 18 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $840.4K | 14,453 | 0.2% | 18 |
| CAE INC | [CAE](https://holderbook.com/stocks/CAE/) | $808.0K | 38,978 | 0.2% | 18 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $805.3K | 4,922 | 0.2% | 9 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $768.2K | 7,175 | 0.2% | 1 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $752.7K | 21,438 | 0.2% | 18 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $745.7K | 9,004 | 0.2% | 18 |
| UNILEVER N V | [UN](https://holderbook.com/stocks/UN/) | $730.7K | 13,111 | 0.2% | 14 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $710.6K | 8,986 | 0.2% | 17 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $691.4K | 7,264 | 0.2% | 10 |
| SIX FLAGS ENTMT CORP NEW | [SIX](https://holderbook.com/stocks/SIX/) | $684.7K | 9,774 | 0.2% | 18 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $673.5K | 6,751 | 0.2% | 3 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $668.2K | 1,338 | 0.2% | 18 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $661.9K | 7,141 | 0.2% | 18 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $660.8K | 9,666 | 0.2% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $656.2K | 3,377 | 0.1% | 18 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $637.4K | 9,122 | 0.1% | 10 |

## 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 2018 | +3.3% | +3.1% | +0.2% | 100% |
| Q1 2018 | -5.4% | - | - | 99% |
| Q4 2017 | +4.2% | - | - | 100% |
| Q3 2017 | +5.6% | - | - | 100% |
| Q2 2017 | +1.9% | - | - | 100% |
| Q1 2017 | +3.9% | - | - | 98% |
| Q4 2016 | +2.2% | - | - | 95% |
| Q3 2016 | +3.3% | - | - | 94% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2018 | $440.4M | 241 |
| Q1 2018 | $418.6M | 275 |
| Q4 2017 | $413.1M | 251 |
| Q3 2017 | $372.8M | 267 |
| Q2 2017 | $327.2M | 265 |
| Q1 2017 | $285.5M | 260 |
| Q4 2016 | $250.7M | 271 |
| Q3 2016 | $220.6M | 249 |
| Q2 2016 | $192.5M | 259 |
| Q1 2016 | $172.9M | 224 |
| Q4 2015 | $152.5M | 222 |
| Q3 2015 | $143.7M | 220 |