# Caisse de depot et placement du Quebec

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 898286. Source: https://holderbook.com/funds/898286-caisse-de-depot-et-placement-du-quebec/

- Reported value: $70.2B
- Positions: 705
- Weight of the ten largest: 24.6%
- 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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.7B | 9,333,869 | 3.8% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.5B | 12,504,221 | 3.6% | 31 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $2.3B | 18,962,558 | 3.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.3B | 6,041,152 | 3.2% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.9B | 5,269,086 | 2.7% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.4B | 2,442,888 | 2.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.3B | 5,641,092 | 1.9% | 31 |
| CGI INC | [GIB](https://holderbook.com/stocks/GIB/) | $1.1B | 16,290,487 | 1.5% | 30 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $966.5M | 805,809 | 1.4% | 31 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $957.5M | 5,419,567 | 1.4% | 23 |
| TFI INTERNATIONAL INC | [TFII](https://holderbook.com/stocks/TFII/) | $911.0M | 6,331,000 | 1.3% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $901.9M | 1,802,377 | 1.3% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $885.5M | 1,224,807 | 1.3% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $846.5M | 3,978,321 | 1.2% | 3 |
| CAE INC | [CAE](https://holderbook.com/stocks/CAE/) | $773.8M | 30,917,402 | 1.1% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $765.2M | 3,511,326 | 1.1% | 3 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $734.4M | 34,107,306 | 1.0% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $704.3M | 2,151,724 | 1.0% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $689.8M | 1,826,045 | 1.0% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $651.7M | 1,268,801 | 0.9% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $627.0M | 1,446,858 | 0.9% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $613.7M | 531,635 | 0.9% | 31 |
| GILDAN ACTIVEWEAR INC | [GIL](https://holderbook.com/stocks/GIL/) | $601.9M | 11,679,294 | 0.9% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $573.8M | 2,259,196 | 0.8% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $571.6M | 4,448,107 | 0.8% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $566.8M | 1,363,607 | 0.8% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $553.5M | 4,711,992 | 0.8% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $524.1M | 1,246,039 | 0.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $501.0M | 1,418,035 | 0.7% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $491.9M | 2,251,862 | 0.7% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $484.9M | 1,626,957 | 0.7% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $438.9M | 469,190 | 0.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $413.1M | 1,641,631 | 0.6% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $400.1M | 3,532,526 | 0.6% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $397.6M | 2,840,820 | 0.6% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $385.6M | 2,544,960 | 0.5% | 24 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $372.3M | 10,057,165 | 0.5% | 4 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $364.1M | 2,995,594 | 0.5% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $362.9M | 1,202,870 | 0.5% | 31 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $360.4M | 1,740,913 | 0.5% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $341.3M | 587,528 | 0.5% | 23 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $316.5M | 2,266,402 | 0.5% | 31 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $314.1M | 3,927,162 | 0.4% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $291.2M | 3,582,530 | 0.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $288.9M | 3,291,400 | 0.4% | 31 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $287.0M | 2,091,909 | 0.4% | 31 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $283.9M | 4,288,745 | 0.4% | 29 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $273.9M | 1,463,843 | 0.4% | 1 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $268.6M | 1,693,225 | 0.4% | 7 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $266.0M | 3,450,349 | 0.4% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $263.2M | 2,083,390 | 0.4% | 31 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $258.7M | 914,234 | 0.4% | 20 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $256.3M | 4,727,626 | 0.4% | 31 |
| LIGHTSPEED COMMERCE INC | [LSPD](https://holderbook.com/stocks/LSPD/) | $254.2M | 24,286,219 | 0.4% | 20 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $252.0M | 1,483,126 | 0.4% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $246.9M | 2,987,358 | 0.4% | 10 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $246.7M | 1,949,212 | 0.4% | 15 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $243.8M | 123,032 | 0.3% | 8 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $243.6M | 4,228,503 | 0.3% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $242.0M | 4,246,623 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $236.2M | 2,842,914 | 0.3% | 7 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $229.9M | 1,289,582 | 0.3% | 31 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $228.4M | 2,635,370 | 0.3% | 13 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $223.9M | 10,815,261 | 0.3% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $212.4M | 209,998 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $211.0M | 1,438,702 | 0.3% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $210.4M | 218,804 | 0.3% | 7 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $205.6M | 1,786,391 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $201.7M | 3,761,841 | 0.3% | 2 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $200.9M | 785,137 | 0.3% | 7 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $197.0M | 732,647 | 0.3% | 9 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $195.8M | 493,064 | 0.3% | 4 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $195.6M | 2,119,943 | 0.3% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $195.6M | 709,484 | 0.3% | 31 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $194.7M | 5,734,170 | 0.3% | 9 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $194.1M | 28,490 | 0.3% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $193.9M | 373,675 | 0.3% | 12 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $190.9M | 459,743 | 0.3% | 31 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $190.6M | 879,764 | 0.3% | 24 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $186.2M | 384,829 | 0.3% | 4 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $183.7M | 1,577,664 | 0.3% | 13 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $183.0M | 1,560,626 | 0.3% | 31 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $182.0M | 452,210 | 0.3% | 31 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $181.1M | 4,466,755 | 0.3% | 9 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $178.6M | 131,258 | 0.3% | 22 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $177.9M | 867,637 | 0.3% | 31 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $174.5M | 1,417,153 | 0.2% | 31 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $173.4M | 353,078 | 0.2% | 17 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $171.9M | 822,094 | 0.2% | 19 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $170.4M | 266,834 | 0.2% | 4 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $169.7M | 1,041,018 | 0.2% | 31 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $166.9M | 701,298 | 0.2% | 9 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $165.0M | 3,679,099 | 0.2% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $163.8M | 982,538 | 0.2% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $163.6M | 463,944 | 0.2% | 31 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $163.2M | 1,426,749 | 0.2% | 23 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $162.7M | 969,922 | 0.2% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $161.4M | 313,170 | 0.2% | 10 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $159.1M | 2,135,326 | 0.2% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $157.6M | 2,206,781 | 0.2% | 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 | +12.5% | +14.8% | -2.3% | 100% |
| Q1 2026 | -4.4% | -4.6% | +0.3% | 100% |
| Q4 2025 | +2.6% | +2.4% | +0.2% | 100% |
| Q3 2025 | +6.0% | +7.8% | -1.8% | 100% |
| Q2 2025 | +8.9% | +10.5% | -1.6% | 100% |
| Q1 2025 | -3.9% | -4.6% | +0.6% | 100% |
| Q4 2024 | +0.4% | +2.1% | -1.7% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $70.2B | 705 |
| Q1 2026 | $62.4B | 684 |
| Q4 2025 | $59.0B | 540 |
| Q3 2025 | $55.5B | 539 |
| Q2 2025 | $46.8B | 478 |
| Q1 2025 | $47.7B | 591 |
| Q4 2024 | $48.1B | 516 |
| Q3 2024 | $50.3B | 495 |
| Q2 2024 | $41.2B | 460 |
| Q1 2024 | $41.6B | 481 |
| Q4 2023 | $39.3B | 479 |
| Q3 2023 | $34.7B | 492 |