BROOKFIELD Corp /ON/
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 49 quarters, returned +2.3% per quarter — versus +2.5% per quarter from simply owning every 13F stock. It beat that baseline in only 44.9% of quarters (excess t = 0.37, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 139 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| BAM | $53.5B | | HOLD |
| CQP | $6.2B | | HOLD |
| BBUC | $4.3B | | HOLD |
| SPCX | $3.3B | | NEW |
| BEP | $2.8B | | HOLD |
| BN | $2.0B | | HOLD |
| BEPC | $375M | | HOLD |
| TAC | $373M | | HOLD |
| WMB | $365M | | TRIM −5% |
| TRGP | $353M | | TRIM −10% |
| LNG | $227M | | ADD +5% |
| CNP | $176M | | TRIM −7% |
| NEE | $174M | | TRIM −4% |
| BIP-UN.TO | $171M | | HOLD |
| CCI | $165M | | HOLD |
| NI | $164M | | TRIM −6% |
| ET | $163M | | ADD +32% |
| SRE | $144M | | TRIM −3% |
| XEL | $131M | | NEW |
| UNP | $126M | | ADD +5% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.