PICTON MAHONEY ASSET MANAGEMENT
Q2 2025 13F-HR Holdings
Net value change ($000)
+3,906,413
(67.3%)
New positions
268
Sold out positions
239
Turnover %
58.9%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q1 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| RY | 329,983 | NEW |
| TD | 267,475 | NEW |
| SHOP | 202,078 | 297173.5% |
| CP | 194,999 | NEW |
| CNQ | 162,575 | NEW |
| WCN | 140,935 | NEW |
| BN | 140,555 | NEW |
| AEM | 134,059 | NEW |
| ENB | 132,105 | NEW |
| TRP | 100,398 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| Intra-Cellular Therapies, Inc. | -48,151 | -100.0% |
| SPLV | -43,054 | -99.4% |
| PGR | -27,912 | -87.0% |
| BERRY GLOBAL GROUP, INC. | -22,062 | -100.0% |
| QXO BUILDING PRODUCTS, INC. | -20,658 | -100.0% |
| TEAM | -15,302 | -100.0% |
| BRK-B | -14,407 | -100.0% |
| CFLT | -14,254 | -100.0% |
| PAYCOR HCM, INC. | -13,464 | -100.0% |
| BMY | -12,996 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
2,618,523
(27.0% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|