Analyzing Addenda Capital Inc.'s Q4 2022 vs. Q1 2023 13F Holdings Comparison: Impact on Fund Performance.

Investing is all about taking the right decisions at the right time. As a retail investor, you must keep a close eye on the stocks and funds that you own. One way to do that is to check the holdings of the funds you are invested in periodically. Addenda Capital Inc. recently released its Q4 2022 vs. Q1 2023 13F Holdings Comparison, which provides an overview of the changes in the holdings of the fund. In this blog post, we will summarize the changes in the holdings of the fund and analyze the impact of these changes on the fund's performance.

Addenda Capital Inc. is a Montreal-based investment management firm that manages over $40 billion in assets. The firm's investment approach focuses on identifying undervalued companies with strong growth potential. Addenda Capital Inc. invests in a broad range of asset classes, including equities, fixed-income securities, and alternative investments.

The Q4 2022 vs. Q1 2023 13F Holdings Comparison report provides a comprehensive overview of the changes in Addenda Capital Inc.'s holdings over the two quarters. The report highlights the names, ticker symbols, and option types of the stocks held by the fund, along with the number of shares held and the value of the shares in both quarters. The report also highlights the percentage change in the number of shares held and the value of the shares between the two quarters.

Let's take a closer look at the changes in the holdings of the fund, starting with the stocks that the fund reduced its holdings in. Toronto Dominion Bank was one of the stocks that saw a significant reduction in the number of shares held by Addenda Capital Inc., with a decrease of 9.3% in the number of shares held. Royal Bank Of Canada was another stock that saw a decrease, albeit a smaller one of 1%. Bank of Montreal saw a decrease in the number of shares held by 2.3%, while Enbridge Inc. saw a decrease of 4.7%, and Suncor Energy Inc. saw a decrease of 3.8%.

On the other hand, the fund increased its holdings in several stocks, with Canadian Pacific Railway Limited seeing the largest increase of 17% in the number of shares held. Wheaton Precious Metals Corp. saw an increase of 109.6% in the number of shares held, while Franco-Nev Corp saw an increase of 223.8%. Other stocks that saw an increase in the number of shares held by Addenda Capital Inc. include Teck Resources Ltd, which saw an increase of 263.8%, and Shopify Inc, which saw an increase of 34.9%.

It's also worth noting that Addenda Capital Inc. initiated a position in GFL Environmental Inc., with 216,710 shares, during the quarter. The holding was valued at $10,098,000 as of Q1 2023. Moreover, the fund sold out of its positions in CGI Inc, with 449,587 shares, during the quarter. The holding was valued at $58,558,000 as of Q1 2023.

Overall, it appears that Addenda Capital Inc. made several bold decisions regarding its holdings during the quarter. Some stocks saw a significant increase in the number of shares held by the fund, while others saw a reduction. These changes could have a significant impact on the fund's performance, depending on how the companies perform in the future.

It's also worth noting that the fund's holdings are diverse, spread across various sectors, including financials, energy, technology, and consumer goods. This diversity means that the fund's overall performance is not heavily reliant on any one sector or company's performance.

In conclusion, Addenda Capital Inc.'s Q4 2022 vs. Q1 2023 13F Holdings Comparison report provides a fascinating insight into the actions taken by the fund regarding its holdings. While some stocks saw a reduction in the number of shares held by the fund, others saw an increase. The report offers an excellent example of how a diversified portfolio can help investors weather market changes and create long-term returns. As a retail investor, you should also stay abreast of the stocks and funds you own, especially their holdings, to make informed investment decisions.