Equal-WT
WhaleScore 2.0
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PCJ Investment Counsel Ltd. is based out of Toronto. PCJ Investment Counsel Ltd. is a hedge fund with 2 clients and discretionary assets under management (AUM) of $597,093,983 (Form ADV from 2024-03-28). Their last reported 13F filing for Q2 2024 included $241,105,726 in managed 13F securities
and a top 10 holdings concentration of 41.3%. PCJ Investment Counsel Ltd.'s largest holding is Brookfield Business Partners LP Units with shares held of 1,330,149. Whalewisdom has at least 74 13F filings
Business Description
The Firm provides discretionary investment advice and management services to a variety of clients, including pension fund sponsors, capital accumulation plans, corporations, foundations, private investment funds, and individual investors. As of December 31, 2023, the Firm manages approximately U.S. $0.6 billion in assets under management, all of which are managed on a discretionary basis. The Firm acts as a discretionary investment adviser to one private investment fund, but the fund's investment strategy, as outlined in its governing document, is not customizable.
The Firm primarily serves clients outside of the United States. PCJ Investment Counsel Partnership, the sole shareholder of the Firm, is owned by the Directors and Officers of the Firm and the Connor, Clark & Lunn Financial Group Ltd. (CCLFG). CCLFG is the only individual or company owning greater than 25% of the Firm.
Investment Strategy
PCJ Investment Counsel Ltd. employs a growth/core-oriented investment approach to Canadian equity management. Portfolios are concentrated and actively managed. The investment strategy for a specific client is based upon the objectives stated by the client during consultations. The client may change these objectives at any time. Each client executes an Investment Policy Statement that documents their objectives and their desired investment strategy.
Other strategies may include long-term purchases and short-term purchases. The Firm uses an integrated investment approach based on company research, sector trends, economic and liquidity and risk analysis. Investment strategy is set in line with the investment policy of the client as established in the client’s Investment Management Agreement or MAA. The portfolio managers, all based in Toronto, take a team-based approach to the management of all accounts. Individual members of the team are responsible for designated investment sectors. Decisions on investment style and strategy are taken collectively for all accounts with similar mandates to ensure they are managed consistently and in line with the individual client investment objectives and restrictions.
Owners
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| RBA RB Global Inc | 2.23% |
| BIP Brookfield Infrastru | 2.1% |
| BBU Brookfield Business | 1.94% |
| SU Suncor Energy, Inc. | 1.78% |
| MAG Mag Silver Corp | 1.21% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| WFG West Fraser Timber C | 2.92% |
| TFPM Triple Flag Precious | 1.94% |
| UBER Uber Technologies In | 1.83% |
| CIGI Colliers Internation | 1.62% |
| BLDR Builders FirstSource | 1.38% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| BBU Brookfield Business | 10.43% |
| RBA RB Global Inc | 4.98% |
| CP Canadian Pacific Rai | 4.53% |
| BIP Brookfield Infrastru | 4.27% |
| RCI Rogers Communication | 3.69% |
2024-06-30
13F Activity
| Market Value | $241m, Prior: $303m |
| Inflows (Outflows) as % of Total MV | (-18.1539)% |
| New Purchases | 12 stocks |
| Added To | 24 stocks |
| Sold out of | 18 stocks |
| Reduced holdings in | 37 stocks |
| Top 10 Holdings % | 41.3% |
| Turnover %[1] | 32.97% |
| Turnover Alt %[2] | 21.33% |
| Time Held Top 20 | 11.95 quarters |
| Time Held Top 10 | 8.2 quarters |
| Time Held All | 13.41 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30