CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
"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 51 quarters, returned +0.8% per quarter — versus +2.0% per quarter from simply owning every 13F stock. It beat that baseline in only 39.2% of quarters (excess t = -0.77, 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 705 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| AAPL | $2.7B | | TRIM −16% |
| NVDA | $2.5B | | TRIM −21% |
| CNI | $2.3B | | HOLD |
| MSFT | $2.3B | | ADD +22% |
| GOOGL | $1.9B | | TRIM −21% |
| META | $1.4B | | ADD +20% |
| AMZN | $1.3B | | TRIM −2% |
| GIB | $1.1B | | HOLD |
| LLY | $967M | | ADD +17% |
| BMO | $958M | | HOLD |
| TFII | $911M | | TRIM −12% |
| BRK/B | $902M | | ADD +10% |
| AMAT | $886M | | TRIM −3% |
| RSP | $846M | | ADD ×3.9 |
| CAE | $774M | | HOLD |
| VTV | $765M | | ADD +36% |
| BCE | $734M | | HOLD |
| JPM | $704M | | TRIM −10% |
| AVGO | $690M | | TRIM −17% |
| MA | $652M | | TRIM −12% |
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.