PICTON MAHONEY ASSET MANAGEMENT Q2 2025 Filing

Filed August 12, 2025

Portfolio Value

$9.7B

Holdings

963

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (963 positions)

#StockSharesValue% PortfolioType
1
AQLTISHARES TR
10,000,000$806.5M8.30%Put
2
AQLTISHARES TR
10,000,000$806.5M8.30%Call
3
RYROYAL BK CDA
2,513,876$330.0M3.40%
4
TDTORONTO DOMINION BK ONT
3,651,196$267.5M2.75%
5
AQLTISHARES TR
1,234,000$266.3M2.74%Call
6
SHOPSHOPIFY INC
1,759,717$202.1M2.08%
7
CPCANADIAN PACIFIC KANSAS CITY
2,464,528$195.0M2.01%
8
CRCCANADIAN NAT RES LTD
5,193,500$162.6M1.67%
9
WCNWASTE CONNECTIONS INC
757,500$140.9M1.45%
10
BNBROOKFIELD CORP
2,280,199$140.6M1.45%
11
AEMAGNICO EAGLE MINES LTD
1,129,750$134.1M1.38%
12
NVDANVIDIA CORPORATION
843,607$133.3M1.37%
13
ENBENBRIDGE INC
2,924,995$132.1M1.36%
14
MSFTMICROSOFT CORP
256,569$127.6M1.31%
15
TSLATESLA INC
377,000$119.8M1.23%Put
16
TRPTC ENERGY CORP
2,064,835$100.4M1.03%
17
TRITHOMSON REUTERS CORP
491,996$98.5M1.01%
18
OROR ROYALTIES INC.
3,774,310$96.6M0.99%
19
CLSCELESTICA INC
581,089$90.4M0.93%
20
LIESUN LIFE FINANCIAL INC.
1,322,756$87.7M0.90%
21
TECK/BTECK RESOURCES LTD
2,068,609$83.3M0.86%
22
FNVFRANCO NEV CORP
493,035$80.6M0.83%
23
OKLO INC
1,425,000$79.8M0.82%Put
24
BMOBANK MONTREAL QUE
716,881$79.1M0.81%
25
RCI/BROGERS COMMUNICATIONS INC
2,664,449$78.7M0.81%
26
CVECENOVUS ENERGY INC
5,526,056$74.9M0.77%
27
UNITEDHEALTH GROUP INC
234,000$73.0M0.75%Call
28
AAPLAPPLE INC
352,999$72.4M0.75%
29
GILGILDAN ACTIVEWEAR INC
1,332,795$65.4M0.67%
30
MFCMANULIFE FINL CORP
1,986,425$63.3M0.65%
31
CMCANADIAN IMPERIAL BK COMM
873,718$61.8M0.64%
32
HBMHUDBAY MINERALS INC
5,812,518$61.4M0.63%
33
AVGOBROADCOM INC
206,046$56.8M0.58%
34
FSVFIRSTSERVICE CORP NEW
322,371$56.0M0.58%
35
COREWEAVE INC
332,100$54.2M0.56%Put
36
AMZNAMAZON COM INC
245,708$53.9M0.55%
37
CCOCAMECO CORP
698,462$51.7M0.53%
38
METAMETA PLATFORMS INC
69,852$51.6M0.53%
39
TTELUS CORPORATION
3,193,987$51.1M0.53%
40
DSGDESCARTES SYS GROUP INC
478,144$48.4M0.50%
41
GOOGLALPHABET INC
272,535$48.0M0.49%
42
DDOGDATADOG INC
350,000$47.0M0.48%Call
43
BIPBROOKFIELD INFRAST PARTNERS
1,384,662$46.2M0.48%
44
BAMBROOKFIELD ASSET MANAGMT LTD
800,000$44.1M0.45%Call
45
WPMWHEATON PRECIOUS METALS CORP
479,566$43.0M0.44%
46
MSTRMICROSTRATEGY INC
100,000$40.4M0.42%Put
47
HIMSHIMS & HERS HEALTH INC
800,000$39.9M0.41%Put
48
KELKELLANOVA
457,928$36.4M0.37%
49
CARTMAPLEBEAR INC
800,000$36.2M0.37%Put
50
BSXBOSTON SCIENTIFIC CORP
332,369$35.7M0.37%
51
CIGICOLLIERS INTL GROUP INC
272,586$35.5M0.37%
52
RGAREINSURANCE GRP OF AMERICA I
177,810$35.3M0.36%
53
DNBDUN & BRADSTREET HLDGS INC
3,866,832$35.1M0.36%
54
BRBRBELLRING BRANDS INC
600,000$34.8M0.36%Call
55
LLYELI LILLY & CO
43,723$34.1M0.35%
56
SCHWSCHWAB CHARLES CORP
371,619$33.9M0.35%
57
DASHDOORDASH INC
136,000$33.5M0.35%Call
58
HWMHOWMET AEROSPACE INC
178,920$33.3M0.34%
59
SPOTSPOTIFY TECHNOLOGY S A
41,878$32.1M0.33%
60
AZEKAZEK CO INC
582,100$31.6M0.33%
61
BACBANK AMERICA CORP
661,432$31.3M0.32%
62
LPLALPL FINL HLDGS INC
82,157$30.8M0.32%
63
SKAASKECHERS U S A INC
480,017$30.3M0.31%
64
WFCWELLS FARGO CO NEW
377,649$30.3M0.31%
65
MRVLMARVELL TECHNOLOGY INC
390,000$30.2M0.31%Call
66
KKRKKR & CO INC
225,662$30.0M0.31%
67
DASHDOORDASH INC
118,191$29.1M0.30%
68
PWRQUANTA SVCS INC
75,885$28.7M0.30%
69
METMETLIFE INC
350,484$28.2M0.29%
70
FYBRFRONTIER COMMUNICATIONS PARE
761,768$27.7M0.29%
71
AQLTISHARES TR
125,000$27.0M0.28%Put
72
EWGISHARES INC
637,361$27.0M0.28%
73
HESHESS CORP
185,000$25.6M0.26%
74
NETCLOUDFLARE INC
129,395$25.3M0.26%
75
NFLXNETFLIX INC
18,717$25.1M0.26%
76
ISRGINTUITIVE SURGICAL INC
46,112$25.1M0.26%
77
COFCAPITAL ONE FINL CORP
117,443$25.0M0.26%
78
INTUINTUIT
31,519$24.8M0.26%
79
DWDMORGAN STANLEY
175,628$24.7M0.25%
80
TWLOTWILIO INC
194,423$24.2M0.25%
81
CHWYCHEWY INC
565,592$24.1M0.25%
82
KELLANOVA
300,000$23.9M0.25%Put
83
TJXTJX COS INC NEW
192,952$23.8M0.25%
84
CYBRCYBERARK SOFTWARE LTD
58,155$23.7M0.24%
85
TSMTAIWAN SEMICONDUCTOR MFG LTD
102,960$23.3M0.24%
86
CNRCANADIAN NATL RY CO
222,857$23.1M0.24%
87
WMTWALMART INC
235,489$23.0M0.24%
88
RBCRBC BEARINGS INC
59,067$22.7M0.23%
89
2L9BLUEPRINT MEDICINES CORP
170,000$21.8M0.22%
90
APOAPOLLO GLOBAL MGMT INC
152,983$21.7M0.22%
91
SNOWSNOWFLAKE INC
95,917$21.5M0.22%
92
GIB/ACGI INC
203,089$21.2M0.22%
93
MAMASTERCARD INCORPORATED
37,503$21.1M0.22%
94
JPMJPMORGAN CHASE & CO.
70,278$20.4M0.21%
95
CGCTCARTESIAN GROWTH CORP III
2,000,000$20.3M0.21%
96
URIUNITED RENTALS INC
26,864$20.2M0.21%
97
PNFPPINNACLE FINL PARTNERS INC
183,086$20.2M0.21%
98
ESGRENSTAR GROUP LIMITED
60,134$20.2M0.21%
99
UNMUNUM GROUP
249,885$20.2M0.21%
100
NTRANATERA INC
119,042$20.1M0.21%
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