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Canada Pension Plan Investment Board Top Holdings and 13F Report (2025)

About Canada Pension Plan Investment Board

Investment Activity

  • Canada Pension Plan Investment Board has $102.99 billion in total holdings as of March 31, 2025.
  • Canada Pension Plan Investment Board owns shares of 1,297 different stocks, but just 148 companies or ETFs make up 80% of its holdings.
  • Approximately 14.81% of the portfolio was purchased this quarter.
  • About 13.98% of the portfolio was sold this quarter.
  • This quarter, Canada Pension Plan Investment Board has purchased 1,398 new stocks and bought additional shares in 526 stocks.
  • Canada Pension Plan Investment Board sold shares of 480 stocks and completely divested from 228 stocks this quarter.

Largest Holdings

Apple
$4,373,806,561
Microsoft
$3,825,001,118
NVIDIA
$3,703,520,176
Mastercard
$2,633,846,504
Amazon.com
$2,159,039,848

Largest New Holdings this Quarter

958102105 - Western Digital
$50,897,327 Holding
50202M102 - Li Auto
$41,076,000 Holding
781154109 - RUBRIK INC.
$28,259,291 Holding
90138A103 - VNET Group
$27,462,620 Holding
25754A201 - DOMINOS PIZZA INC
$18,699,615 Holding

Largest Purchases this Quarter

Apple
4,333,811 shares (about $962.67M)
Microsoft
1,200,104 shares (about $450.51M)
NVIDIA
4,104,118 shares (about $444.80M)
Digital Realty Trust
2,760,286 shares (about $395.52M)
Amazon.com
1,952,356 shares (about $371.46M)

Largest Sales this Quarter

Procter & Gamble
3,107,680 shares (about $529.61M)
Walmart
5,326,414 shares (about $467.61M)
Philip Morris International
2,776,261 shares (about $440.68M)
Costco Wholesale
388,537 shares (about $367.47M)
Eli Lilly and Company
431,954 shares (about $356.76M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofCanada Pension Plan Investment Board

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
Apple Inc. stock logo
AAPL
Apple
$4,373,806,561$962,669,437 28.2%19,690,3014.2%Computer and Technology
Microsoft Co. stock logo
MSFT
Microsoft
$3,825,001,118$450,507,041 13.4%10,189,4063.7%Computer and Technology
NVIDIA Co. stock logo
NVDA
NVIDIA
$3,703,520,176$444,804,309 13.6%34,171,6203.6%Computer and Technology
Mastercard Incorporated stock logo
MA
Mastercard
$2,633,846,504$62,618,325 2.4%4,805,2372.6%Business Services
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$2,159,039,848$371,455,253 20.8%11,347,8392.1%Retail/Wholesale
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$2,100,040,046$164,132,775 -7.2%4,009,6232.0%Medical
T-Mobile US, Inc. stock logo
TMUS
T-Mobile US
$1,837,398,795$230,445,441 14.3%6,889,1261.8%Computer and Technology
Alphabet Inc. stock logo
GOOGL
Alphabet
$1,811,424,816$151,329,622 9.1%11,713,8181.8%Computer and Technology
Sportradar Group AG stock logo
SRAD
Sportradar Group
$1,719,980,8300.0%79,555,0801.7%Consumer Discretionary
Meta Platforms, Inc. stock logo
META
Meta Platforms
$1,678,816,221$3,033,959 -0.2%2,912,7911.6%Computer and Technology
LINDE PLC
$1,637,435,632$137,798,708 -7.8%3,516,5271.6%SHS
VIKING HOLDINGS LTD
$1,607,399,052$194,532,446 -10.8%40,437,7121.6%ORD SHS
GE Aerospace stock logo
GE
GE Aerospace
$1,512,472,304$1,132,048 0.1%7,556,6941.5%Industrials
Canadian Natural Resources Limited stock logo
CNQ
Canadian Natural Resources
$1,285,463,748$147,889,833 13.0%41,769,1531.2%Energy
SPDR S&P 500 ETF Trust stock logo
SPY
SPDR S&P 500 ETF Trust
$1,251,355,4300.0%2,237,0001.2%Finance
Broadcom Inc. stock logo
AVGO
Broadcom
$1,185,304,277$209,948,514 21.5%7,079,4021.2%Computer and Technology
Live Nation Entertainment, Inc. stock logo
LYV
Live Nation Entertainment
$1,179,129,435$49,610,476 4.4%9,029,9391.1%Consumer Discretionary
INFORMATICA INC
$1,123,428,1730.0%64,379,8381.1%COM CL A
WAYSTAR HLDG CORP
$1,109,303,805$280,841,396 -20.2%29,692,2861.1%COM
Union Pacific Co. stock logo
UNP
Union Pacific
$1,092,893,488$106,966,637 10.8%4,626,2001.1%Transportation
Digital Realty Trust, Inc. stock logo
DLR
Digital Realty Trust
$1,023,769,365$395,521,381 63.0%7,144,7371.0%Finance
JPMorgan Chase & Co. stock logo
JPM
JPMorgan Chase & Co.
$1,022,119,720$75,516,832 8.0%4,166,8151.0%Finance
Alphabet Inc. stock logo
GOOG
Alphabet
$994,294,120$20,990,750 2.2%6,364,2971.0%Computer and Technology
Equitable Holdings, Inc. stock logo
EQH
Equitable
$977,690,805$13,700,139 -1.4%18,769,2610.9%Finance
TC Energy Co. stock logo
TRP
TC Energy
$935,627,082$238,681,532 34.2%19,808,5580.9%Energy
Equinix, Inc. stock logo
EQIX
Equinix
$867,114,125$131,151,493 17.8%1,063,4870.8%Finance
Essential Utilities, Inc. stock logo
WTRG
Essential Utilities
$856,263,0850.0%21,661,0950.8%Utilities
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$810,068,705$55,147,874 7.3%4,594,8310.8%Medical
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$793,051,031$199,244,569 33.6%1,489,0740.8%Finance
Tesla, Inc. stock logo
TSLA
Tesla
$789,636,936$213,313,041 37.0%3,046,9090.8%Auto/Tires/Trucks
Netflix, Inc. stock logo
NFLX
Netflix
$750,585,937$71,622,967 -8.7%804,8920.7%Consumer Discretionary
Royal Bank of Canada stock logo
RY
Royal Bank of Canada
$715,043,051$365,507,272 104.6%6,346,7680.7%Finance
The Toronto-Dominion Bank stock logo
TD
Toronto-Dominion Bank
$630,745,532$283,455,302 81.6%10,524,4460.6%Finance
Boston Scientific Co. stock logo
BSX
Boston Scientific
$629,043,595$106,265,479 -14.5%6,235,5630.6%Medical
Exxon Mobil Co. stock logo
XOM
Exxon Mobil
$605,461,926$248,855,197 69.8%5,090,9100.6%Energy
iShares Russell 2000 ETF stock logo
IWM
iShares Russell 2000 ETF
$600,464,900$256,743,630 74.7%3,010,0000.6%Finance
Dominion Energy, Inc. stock logo
D
Dominion Energy
$596,879,896$45,173,637 -7.0%10,645,2630.6%Utilities
Bank of America Co. stock logo
BAC
Bank of America
$587,121,070$41,333,064 -6.6%14,069,5200.6%Finance
Shopify Inc. stock logo
SHOP
Shopify
$565,503,918$144,869,888 34.4%5,943,4090.5%Computer and Technology
Salesforce, Inc. stock logo
CRM
Salesforce
$510,988,570$137,043,133 36.6%1,904,1160.5%Computer and Technology
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$508,431,848$356,755,128 -41.2%615,6020.5%Medical
Invitation Homes Inc. stock logo
INVH
Invitation Homes
$503,099,862$45,293,604 -8.3%14,436,1510.5%Finance
California Resources Co. stock logo
CRC
California Resources
$461,988,1730.0%10,506,8950.4%Energy
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$460,871,350$290,053,828 -38.6%2,779,0120.4%Medical
ReNew Energy Global Plc stock logo
RNW
ReNew Energy Global
$450,591,8680.0%76,501,1660.4%Energy
Nutrien Ltd. stock logo
NTR
Nutrien
$436,136,939$63,744,488 17.1%8,786,3090.4%Basic Materials
CHENIERE ENERGY INC
$424,976,513$26,780,616 -5.9%1,836,5450.4%COM NEW
Intuitive Surgical, Inc. stock logo
ISRG
Intuitive Surgical
$424,601,410$93,455,468 -18.0%857,3130.4%Medical
Enbridge Inc. stock logo
ENB
Enbridge
$421,674,934$119,830,388 39.7%9,525,9870.4%Energy
The Bank of Nova Scotia stock logo
BNS
Bank of Nova Scotia
$396,649,844$232,114,779 141.1%8,364,4110.4%Finance
The Home Depot, Inc. stock logo
HD
Home Depot
$394,450,622$32,269,078 -7.6%1,076,2930.4%Retail/Wholesale
Danaher Co. stock logo
DHR
Danaher
$388,285,580$76,821,085 24.7%1,894,0760.4%Medical
Wells Fargo & Company stock logo
WFC
Wells Fargo & Company
$381,015,805$98,038,506 34.6%5,307,3660.4%Finance
Adobe Inc. stock logo
ADBE
Adobe
$377,273,092$198,157,678 110.6%983,6860.4%Computer and Technology
The Interpublic Group of Companies, Inc. stock logo
IPG
Interpublic Group of Companies
$377,127,029$18,331,316 5.1%13,885,3840.4%Business Services
Cisco Systems, Inc. stock logo
CSCO
Cisco Systems
$372,836,578$105,514,350 39.5%6,041,7530.4%Computer and Technology
AbbVie Inc. stock logo
ABBV
AbbVie
$367,527,622$224,215,942 -37.9%1,754,1410.4%Medical
AvalonBay Communities, Inc. stock logo
AVB
AvalonBay Communities
$363,835,199$69,550,616 -16.0%1,695,2530.4%Finance
KKR & Co. Inc. stock logo
KKR
KKR & Co. Inc.
$352,794,551$109,864,183 45.2%3,051,5920.3%Finance
Bank of Montreal stock logo
BMO
Bank of Montreal
$351,153,701$140,311,454 66.5%3,676,6370.3%Finance
Alexandria Real Estate Equities, Inc. stock logo
ARE
Alexandria Real Estate Equities
$347,587,268$32,827,174 -8.6%3,757,2940.3%Finance
Merck & Co., Inc. stock logo
MRK
Merck & Co., Inc.
$343,090,456$179,122,992 -34.3%3,822,3090.3%Medical
Canadian Imperial Bank of Commerce stock logo
CM
Canadian Imperial Bank of Commerce
$340,721,234$63,784,815 23.0%6,055,9990.3%Finance
Targa Resources Corp. stock logo
TRGP
Targa Resources
$337,775,311$108,415,780 47.3%1,684,9170.3%Energy
Pembina Pipeline Co. stock logo
PBA
Pembina Pipeline
$335,545,3040.0%8,387,5250.3%Energy
Civitas Resources, Inc. stock logo
CIVI
Civitas Resources
$332,299,3730.0%9,524,2010.3%Energy
PG&E Co. stock logo
PCG
PG&E
$329,383,876$256,555,193 352.3%19,172,5190.3%Utilities
Visa Inc. stock logo
V
Visa
$325,802,686$77,929,337 -19.3%929,6430.3%Business Services
BCE Inc. stock logo
BCE
BCE
$325,558,754$109,806,127 50.9%14,181,5680.3%Utilities
Prologis, Inc. stock logo
PLD
Prologis
$323,381,529$229,637,453 -41.5%2,892,7590.3%Finance
Canadian Pacific Kansas City Limited stock logo
CP
Canadian Pacific Kansas City
$318,775,373$102,876,636 47.7%4,541,6100.3%Transportation
Chevron Co. stock logo
CVX
Chevron
$316,483,237$185,295,088 141.2%1,891,8240.3%Energy
Suncor Energy Inc. stock logo
SU
Suncor Energy
$315,596,576$68,280,381 27.6%8,149,3810.3%Energy
AutoZone, Inc. stock logo
AZO
AutoZone
$313,357,137$20,501,318 7.0%82,1860.3%Retail/Wholesale
Intuit Inc. stock logo
INTU
Intuit
$302,016,769$149,303,334 97.8%491,8920.3%Computer and Technology
Manulife Financial Co. stock logo
MFC
Manulife Financial
$300,860,254$69,377,232 30.0%9,653,8970.3%Finance
ServiceNow, Inc. stock logo
NOW
ServiceNow
$299,906,734$67,605,820 29.1%376,7010.3%Computer and Technology
Costco Wholesale Co. stock logo
COST
Costco Wholesale
$299,612,700$367,470,523 -55.1%316,7890.3%Retail/Wholesale
Equity Residential stock logo
EQR
Equity Residential
$290,664,477$56,745,475 -16.3%4,060,6940.3%Finance
PepsiCo, Inc. stock logo
PEP
PepsiCo
$286,997,605$272,716,270 -48.7%1,914,0830.3%Consumer Staples
The Goldman Sachs Group, Inc. stock logo
GS
The Goldman Sachs Group
$286,417,662$63,661,905 28.6%524,2960.3%Finance
Canadian National Railway stock logo
CNI
Canadian National Railway
$278,242,304$71,818,082 34.8%2,858,7390.3%Transportation
Edison International stock logo
EIX
Edison International
$274,484,535$75,951,533 38.3%4,658,5970.3%Utilities
GoDaddy Inc. stock logo
GDDY
GoDaddy
$270,886,426$21,187,707 8.5%1,503,7550.3%Computer and Technology
TransDigm Group Incorporated stock logo
TDG
TransDigm Group
$267,258,544$55,995,579 26.5%193,2050.3%Aerospace
Morgan Stanley stock logo
MS
Morgan Stanley
$263,131,685$77,405,178 41.7%2,255,3500.3%Finance
AT&T Inc. stock logo
T
AT&T
$261,028,925$50,597,615 24.0%9,230,1600.3%Computer and Technology
Uber Technologies, Inc. stock logo
UBER
Uber Technologies
$258,221,159$108,785,809 -29.6%3,544,0730.3%Computer and Technology
Agnico Eagle Mines Limited stock logo
AEM
Agnico Eagle Mines
$254,029,458$92,639,890 57.4%2,344,3020.2%Basic Materials
Ares Management Co. stock logo
ARES
Ares Management
$253,278,011$13,209,708 5.5%1,727,5630.2%Finance
GE HealthCare Technologies Inc. stock logo
GEHC
GE HealthCare Technologies
$251,120,933$33,061,722 15.2%3,111,3980.2%Medical
Sun Life Financial Inc. stock logo
SLF
Sun Life Financial
$241,643,007$77,477,164 47.2%4,221,4470.2%Finance
Analog Devices, Inc. stock logo
ADI
Analog Devices
$241,242,494$38,740,404 19.1%1,196,2240.2%Computer and Technology
Invesco QQQ stock logo
QQQ
Invesco QQQ
$238,680,2800.0%509,0000.2%Finance
Kimco Realty Corp stock logo
KIM
Kimco Realty
$237,591,7020.0%11,186,0500.2%Finance
Walmart Inc. stock logo
WMT
Walmart
$233,906,798$467,605,885 -66.7%2,664,3900.2%Retail/Wholesale
Gilead Sciences, Inc. stock logo
GILD
Gilead Sciences
$233,656,857$134,148,053 -36.5%2,085,2910.2%Medical
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$232,191,107$73,813,486 -24.1%466,6220.2%Medical
The Charles Schwab Co. stock logo
SCHW
Charles Schwab
$232,027,948$12,954,166 5.9%2,964,0770.2%Finance
QUALCOMM Incorporated stock logo
QCOM
QUALCOMM
$229,951,405$69,338,940 43.2%1,496,9820.2%Computer and Technology

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