CDPQ (Caisse de Depot) Portfolio
CDPQ (Caisse de Depot) 13F filer (CIK 0000898286).
Q2 2023 · 467 positions · Total reported value $37.23B · Top-10 concentration 29.2%
Turnover: 60.3% · 110 new · 277 cut · 92 exited
Active Share (vs S&P 500): 47.5% · vs QQQ: 66.0% — share of the book that differs from index weights (higher = more active) · ranking
In its Q2 2023 13F filing, CDPQ (Caisse de Depot) disclosed 467 equity positions with a combined reported value of $37.23B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 29.2% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q2 2023 were GIB ($2.00B), AAPL ($1.55B), MSFT ($1.52B). By sector, the heaviest allocations are Technology 23.1%, Consumer Discretionary 20.4%. Versus the prior quarter, allocation shifted toward Technology (+1.8pp), Consumer Discretionary (+0.8pp) and away from Industrials (-0.6pp), Financials (-1.0pp).
Versus the prior quarter, CDPQ (Caisse de Depot) opened 110 new positions, trimmed 277 and fully exited 92, a turnover rate of 60.3% of positions. The portfolio's overlap with the prior quarter was 78% 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 | GIB | CGI INC | 18.95M | $2.00B | 5.37% | Hold |
| 2 | AAPL | APPLE INC | 8.00M | $1.55B | 4.17% | Add |
| 3 | MSFT | MICROSOFT CORP | 4.45M | $1.52B | 4.07% | Reduce |
| 4 | CNI | CANADIAN NATL RY CO | 12.44M | $1.51B | 4.05% | Add |
| 5 | CSCO | CISCO SYS INC | 14.65M | $757.93M | 2.04% | Add |
| 6 | MA | MASTERCARD INCORPORATED | 1.91M | $752.07M | 2.02% | Add |
| 7 | GOOGL | ALPHABET INC | 6.24M | $746.43M | 2.00% | Add |
| 8 | PFE | PFIZER INC | 18.69M | $685.55M | 1.84% | Add |
| 9 | MRK | MERCK & CO INC | 5.81M | $670.95M | 1.80% | Add |
| 10 | NVDA | NVIDIA CORPORATION | 1.59M | $670.50M | 1.80% | Hold |
| 11 | XLF | SELECT SECTOR SPDR TR | 19.37M | $653.10M | 1.75% | Add |
| 12 | BCE | BCE INC | 12.53M | $572.07M | 1.54% | Hold |
| 13 | CAE | CAE INC | 24.60M | $551.31M | 1.48% | Hold |
| 14 | META | META PLATFORMS INC. CLASS A | 1.82M | $521.76M | 1.40% | Reduce |
| 15 | BMO | BANK MONTREAL MEDIUM | 5.51M | $498.63M | 1.34% | Add |
| 16 | XLV | SELECT SECTOR SPDR TR | 3.63M | $481.41M | 1.29% | Reduce |
| 17 | JNJ | JOHNSON & JOHNSON | 2.55M | $422.85M | 1.14% | Add |
| 18 | LSPD | LIGHTSPEED COMMERCE INC | 24.29M | $411.30M | 1.10% | Hold |
| 19 | AMZN | AMAZON COM INC | 3.14M | $409.45M | 1.10% | Reduce |
| 20 | WM | WASTE MGMT INC DEL | 2.14M | $370.46M | 0.99% | Add |
| 21 | XLU | SELECT SECTOR SPDR TR | 5.41M | $354.21M | 0.95% | Add |
| 22 | V | VISA INC | 1.32M | $313.83M | 0.84% | Add |
| 23 | XLP | SELECT SECTOR SPDR TR | 4.14M | $307.07M | 0.82% | Reduce |
| 24 | VRTX | VERTEX PHARMACEUTICALS INCORPORATED | 870.08K | $306.19M | 0.82% | Reduce |
| 25 | T | AT&T INC | 18.96M | $302.39M | 0.81% | Add |
| 26 | BMY | BRISTOL-MYERS SQUIBB CO | 4.55M | $291.09M | 0.78% | Reduce |
| 27 | PEP | PEPSICO INC | 1.47M | $272.71M | 0.73% | Add |
| 28 | EMB | ISHARES TR | 3.14M | $271.98M | 0.73% | Add |
| 29 | LLY | ELI LILLY & CO | 574.93K | $269.63M | 0.72% | Add |
| 30 | BRKB | BERKSHIRE HATHAWAY INC DEL | 779.87K | $265.94M | 0.71% | Reduce |
| 31 | RY | ROYAL BK CDA | 2.78M | $265.35M | 0.71% | Add |
| 32 | CMCSA | COMCAST CORP NEW | 6.37M | $264.67M | 0.71% | Add |
| 33 | ORCL | ORACLE CORP | 2.15M | $255.54M | 0.69% | Reduce |
| 34 | GOOG | ALPHABET INC | 2.03M | $245.11M | 0.66% | Reduce |
| 35 | INTC | INTEL CORP | 7.05M | $235.82M | 0.63% | Add |
| 36 | GILD | GILEAD SCIENCES INC | 2.99M | $230.59M | 0.62% | Reduce |
| 37 | ADBE | ADOBE INC | 471.18K | $230.40M | 0.62% | Add |
| 38 | COST | COSTCO WHOLESALE CORPORATION | 415.49K | $223.69M | 0.60% | Hold |
| 39 | AVGO | BROADCOM INC | 256.94K | $222.87M | 0.60% | Reduce |
| 40 | AZO | AUTOZONE INC. | 87.46K | $218.08M | 0.59% | Reduce |
| 41 | MRSH | MARSH & MCLENNAN COS INC | 1.15M | $215.97M | 0.58% | Reduce |
| 42 | WMT | WALMART INC | 1.35M | $212.73M | 0.57% | Reduce |
| 43 | MDLZ | MONDELEZ INTL INC | 2.92M | $212.62M | 0.57% | Reduce |
| 44 | NEM | NEWMONT CORP | 4.98M | $212.36M | 0.57% | Reduce |
| 45 | PGR | PROGRESSIVE CORP | 1.58M | $208.85M | 0.56% | Add |
| 46 | ES | EVERSOURCE ENERGY | 2.72M | $193.20M | 0.52% | Add |
| 47 | GDX | VANECK ETF TRUST | 6.39M | $192.37M | 0.52% | Reduce |
| 48 | D | DOMINION ENERGY INC | 3.69M | $191.18M | 0.51% | Add |
| 49 | WEC | WEC ENERGY GROUP INC | 2.15M | $189.63M | 0.51% | Add |
| 50 | UNH | UNITEDHEALTH GROUP INCORPORATED | 387.65K | $186.32M | 0.50% | Add |