Triasima Portfolio Management inc.

Q3 2025 13F-HR Holdings

Location
Montreal, A8
Holdings as of
9/30/2025
Date filed
10/29/2025
Form type
13F-HR
Num holdings
149
Total value ($000)
$662,575
Net value change ($000)
+115,404 (21.1%)
New positions
52
Sold out positions
31
Turnover %
26.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/23/2025 Next filing: 2/2/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
TD 9,744 114.7%
SHOP 8,963 58.0%
HBM 8,057 NEW
KGC 6,833 51.0%
IMO 6,476 NEW
TIGO 6,445 188.0%
UBS GROUP AG 5,944 NEW
MSFT 4,982 53.9%
FER 4,788 205.1%
RY 4,638 16.3%
Top Reduces (Value $000, Stocks/ETFs)
MFC -6,491 -94.4%
RELX -6,102 -87.9%
NOW -5,643 -100.0%
RACE -5,406 -60.4%
TRP -5,090 -100.0%
AJG -4,826 -100.0%
TRI -4,811 -51.0%
IBN -4,545 -100.0%
UNM -4,465 -100.0%
WCN -4,356 -100.0%
Instrument mix + QoQ Δ (ex-options)
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