PICTON MAHONEY ASSET MANAGEMENT

Q1 2026 13F-HR Holdings

Location
Toronto, A6
Holdings as of
3/31/2026
Date filed
5/13/2026
Form type
13F-HR
Num holdings
1,238
Total value ($000)
$13,546,203
Net value change ($000)
+632,902 (4.9%)
New positions
235
Sold out positions
226
Turnover %
20.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/11/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
SU 147,755 348.2%
CNQ 104,263 65.9%
SLF 86,161 NEW
RSP 70,607 2684.7%
AEM 66,446 51.0%
SPLV 58,058 503.0%
FNV 57,141 43.6%
PAAS 43,663 6318.8%
BMO 30,549 1809.8%
TD 29,411 9.2%
Top Reduces (Value $000, Stocks/ETFs)
VOE -97,077 -100.0%
CM -72,941 -80.8%
CYBR -70,480 -100.0%
SHOP -58,198 -18.7%
CIGI -55,299 -100.0%
BCE -46,117 -98.3%
WCN -41,255 -36.6%
EXAS -40,624 -100.0%
BAC -40,296 -99.0%
DAY -38,038 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 3,950,908 (29.2% 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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type