Ontario Teachers Pension Plan Portfolio
Ontario Teachers Pension Plan 13F filer (CIK 0000937567).
Q1 2025 · 407 positions · Total reported value $6.52B · Top-10 concentration 64.5%
Turnover: 87.8% · 23 new · 11 cut · 125 exited
Active Share (vs S&P 500): 97.2% · vs QQQ: 97.5% — share of the book that differs from index weights (higher = more active) · ranking
In its Q1 2025 13F filing, Ontario Teachers Pension Plan disclosed 407 equity positions with a combined reported value of $6.52B. The filing implies a focused portfolio: its ten largest positions account for 64.5% of reported value. HoldingsHub classifies the profile as Mid / Focused / High Turnover.
The largest disclosed positions as of Q1 2025 were GFL ($1.28B), MSFT ($479.56M), WMT ($371.29M). By sector, the heaviest allocations are Technology 22.1%, Utilities 20.4%. Versus the prior quarter, allocation shifted toward Health Care (+2.5pp), Industrials (+2.2pp) and away from Financials (-2.9pp), Other (-7.5pp).
Versus the prior quarter, Ontario Teachers Pension Plan opened 23 new positions, trimmed 11 and fully exited 125, a turnover rate of 87.8% of positions. The portfolio's overlap with the prior quarter was 74% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | GFL | GFL ENVIRONMENTAL INC | 26.44M | $1.28B | 19.59% | Reduce |
| 2 | MSFT | MICROSOFT CORP | 1.28M | $479.56M | 7.36% | Reduce |
| 3 | WMT | WALMART INC | 4.23M | $371.29M | 5.70% | Add |
| 4 | T | AT&T INC | 11.96M | $338.21M | 5.19% | Add |
| 5 | BAC | BANK OF AMER CORP | 7.99M | $333.56M | 5.12% | Reduce |
| 6 | BDX | BECTON DICKINSON & CO | 1.45M | $331.75M | 5.09% | Reduce |
| 7 | HON | HONEYWELL INTL INC | 1.44M | $304.18M | 4.67% | Add |
| 8 | CRM | SALESFORCE INC | 1.01M | $270.26M | 4.14% | Add |
| 9 | DE | DEERE & CO | 544.53K | $255.57M | 3.92% | Reduce |
| 10 | DIS | DISNEY WALT CO | 2.44M | $240.45M | 3.69% | Add |
| 11 | LLY | ELI LILLY & CO | 272.74K | $225.26M | 3.46% | Reduce |
| 12 | SBUX | STARBUCKS CORP | 2.25M | $220.33M | 3.38% | Reduce |
| 13 | PONY | PONY AI INC | 21.64M | $190.88M | 2.93% | Hold |
| 14 | HUM | HUMANA INC | 666.68K | $176.40M | 2.71% | Add |
| 15 | SNOW | SNOWFLAKE INC | 1.14M | $166.34M | 2.55% | Add |
| 16 | PYPL | PAYPAL HLDGS INC | 2.45M | $160.08M | 2.46% | Add |
| 17 | PINS | PINTEREST INC | 4.80M | $148.86M | 2.28% | Add |
| 18 | VSAT | VIASAT INC | 4.80M | $49.97M | 0.77% | Reduce |
| 19 | COOK | TRAEGER INC | 24.69M | $41.48M | 0.64% | Hold |
| 20 | TD | TORONTO DOMINION BK ONT | 605.56K | $36.29M | 0.56% | New |
| 21 | PANW | PALO ALTO NETWORKS INC | 10.36M | $35.54M | 0.55% | Hold |
| 22 | GE | GE AEROSPACE | 176.41K | $35.31M | 0.54% | New |
| 23 | SAND | SANDSTORM GOLD LTD | 4.50M | $33.96M | 0.52% | Reduce |
| 24 | ZS | ZSCALER INC | 20.00M | $26.47M | 0.41% | Hold |
| 25 | F | FORD MOTOR COMPANY | 25.00M | $24.43M | 0.38% | Hold |
| 26 | HTHT | H WORLD GROUP LTD | 16.00M | $17.69M | 0.27% | Hold |
| 27 | SA | SEABRIDGE GOLD INC | 1.34M | $15.66M | 0.24% | Add |
| 28 | LOGI | LOGITECH INTL S A | 169.13K | $14.14M | 0.22% | Reduce |
| 29 | CFG | CITIZENS FINL GROUP INC | 295.95K | $12.13M | 0.19% | Add |
| 30 | ZTO | ZTO EXPRESS CAYMAN INC | 11.50M | $11.58M | 0.18% | Hold |
| 31 | PNC | PNC FINL SVCS GROUP INC | 61.31K | $10.78M | 0.17% | New |
| 32 | SU | SUNCOR ENERGY INC NEW | 272.77K | $10.56M | 0.16% | Add |
| 33 | SE | SEA LTD | 10.00M | $9.34M | 0.14% | Hold |
| 34 | WFC | WELLS FARGO & CO | 114.11K | $8.19M | 0.13% | New |
| 35 | CVE | CENOVUS ENERGY INC. | 497.76K | $6.92M | 0.11% | Reduce |
| 36 | XYZ | BLOCK INC | 7.00M | $6.64M | 0.10% | Hold |
| 37 | WPC | WP CAREY INC | 102.80K | $6.49M | 0.10% | Add |
| 38 | TTC | TORO CO | 88.42K | $6.43M | 0.10% | Add |
| 39 | BMY | BRISTOL-MYERS SQUIBB CO | 101.82K | $6.21M | 0.10% | Add |
| 40 | HST | HOST HOTELS & RESORTS INC | 432.03K | $6.14M | 0.09% | Add |
| 41 | LAMR | LAMAR ADVERTISING CO | 53.94K | $6.14M | 0.09% | Add |
| 42 | MGA | MAGNA INTL INC | 162.71K | $5.53M | 0.09% | Add |
| 43 | EXEL | EXELIXIS INC | 148.73K | $5.49M | 0.08% | Add |
| 44 | SR | SPIRE INC | 67.09K | $5.25M | 0.08% | Reduce |
| 45 | SWX | SOUTHWEST GAS HLDGS INC | 70.50K | $5.06M | 0.08% | Add |
| 46 | EIX | EDISON INTL | 85.88K | $5.06M | 0.08% | Add |
| 47 | CBT | CABOT CORP | 60.71K | $5.05M | 0.08% | Add |
| 48 | NSA | NATIONAL STORAGE AFFILIATES | 122.70K | $4.83M | 0.07% | Add |
| 49 | CPT | CAMDEN PPTY TR | 39.52K | $4.83M | 0.07% | Add |
| 50 | KGC | KINROSS GOLD CORP | 359.98K | $4.54M | 0.07% | Add |