Triasima Portfolio Management inc.

Q4 2025 13F-HR Holdings

Location
Montreal, A8
Holdings as of
12/31/2025
Date filed
2/2/2026
Form type
13F-HR
Num holdings
143
Total value ($000)
$667,698
Net value change ($000)
+5,123 (0.8%)
New positions
22
Sold out positions
28
Turnover %
18.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/29/2025 Next filing: 4/24/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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 7,925 23.9%
CCJ 6,456 193.7%
LLY 6,416 NEW
TJX 5,722 114.9%
TD 5,467 30.0%
SHOP 4,982 20.4%
CVE 4,953 179.2%
AAPL 4,769 1930.8%
NVS 4,667 207.3%
LRCX 4,408 NEW
Top Reduces (Value $000, Stocks/ETFs)
RBA -12,074 -100.0%
NTR -8,547 -100.0%
ARES -7,794 -100.0%
MELI -7,188 -88.6%
CLS -6,788 -36.5%
AXON -6,705 -100.0%
SPOT -6,633 -93.0%
NGD -5,572 -91.5%
HLI -5,502 -100.0%
CAE -5,162 -88.2%
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