# EDGAR Filing Document

**Accession Number:** 0001443077
**File Stem:** 0001062993-25-014357
**Filing Date:** 2025-8
**Character Count:** 36691
**Document Hash:** 04b3a6e0e35dc021a9ec32b2ff276f3d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-25-014357.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001062993-25-014357

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTACT INVESTMENT MANAGEMENT INC.
- **CENTRAL INDEX KEY:** 0001443077

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13194
- **FILM NUMBER:** 251214649

**BUSINESS ADDRESS:**
- **STREET 1:** 2020 ROBERT-BOURASSA BLVD
- **STREET 2:** SUITE 1400
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 2A5
- **BUSINESS PHONE:** (514) 350-8541

**MAIL ADDRESS:**
- **STREET 1:** 2020 ROBERT-BOURASSA BLVD
- **STREET 2:** SUITE 1400
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 2A5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING INVESTMENT MANAGEMENT, INC.
- **DATE OF NAME CHANGE:** 20080814

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** INTACT INVESTMENT MANAGEMENT INC.<br>**Address:** 2020 ROBERT-BOURASSA BLVD<br>SUITE 1400<br>MONTREAL, A8 H3A 2A5

**Form 13F File Number:** 028-13194

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Edith Rathe<br>**Title:** Chief Compliance Officer and Director of Governance<br>**Phone:** 514-350-8541

**Signature, Place, and Date of Signing:**

/s/ Edith Rathe  Montreal, A8  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 346

**Form 13F Information Table Value Total:** $2954540368

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 8514226 | 62600 | SH |  | SOLE |  | 62600 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 19063174 | 102700 | SH |  | SOLE |  | 102700 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 8368920 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 1464341 | 3785 | SH |  | SOLE |  | 3785 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 142 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 4644580 | 441500 | SH |  | SOLE |  | 441500 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 70806 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 27972003 | 234850 | SH |  | SOLE |  | 210550 | 0 | 24300 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 5387346 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 837480 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 16841403 | 633366 | SH |  | SOLE |  | 531592 | 0 | 101774 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 2367738 | 32600 | SH |  | SOLE |  | 32600 | 0 | 0 |
| ALGOMA STL GROUP INC | COM | 015658107 |  | 13864792 | 2007006 | SH |  | SOLE |  | 1719019 | 0 | 287987 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 26436297 | 4622619 | SH |  | SOLE |  | 4622619 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 603930 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1738422 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 23738181 | 134700 | SH |  | SOLE |  | 134700 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 10875865 | 185500 | SH |  | SOLE |  | 185500 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 6844968 | 31200 | SH |  | SOLE |  | 31200 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 172802 | 7319 | SH |  | SOLE |  | 7319 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 63796 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 564894 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2121792 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| AMERICAS GOLD AND SILVER COR | COM | 03062D100 |  | 3828418 | 4740800 | SH |  | SOLE |  | 2891800 | 0 | 1849000 |
| AMETEK INC | COM | 031100100 |  | 72384 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 7147776 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 4403370 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1220082 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 21563367 | 105100 | SH |  | SOLE |  | 105100 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 5144267 | 28100 | SH |  | SOLE |  | 28100 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 143140 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 71617 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 12823314 | 443100 | SH |  | SOLE |  | 443100 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 495312 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2282160 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 6227100 | 30600 | SH |  | SOLE |  | 30600 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 |  | 6378320 | 1765900 | SH |  | SOLE |  | 1765900 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 3945186 | 102900 | SH |  | SOLE |  | 102900 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 78526 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 8711612 | 184100 | SH |  | SOLE |  | 184100 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 25652983 | 231550 | SH |  | SOLE |  | 198690 | 0 | 32860 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 60372783 | 1092122 | SH |  | SOLE |  | 1023600 | 0 | 68522 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 46000406 | 2210210 | SH |  | SOLE |  | 1956410 | 0 | 253800 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 783247 | 117500 | SH |  | SOLE |  | 45804 | 0 | 71696 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 6841100 | 3819100 | SH |  | SOLE |  | 3360900 | 0 | 458200 |
| BCE INC | COM NEW | 05534B760 |  | 70950878 | 3200190 | SH |  | SOLE |  | 3002690 | 0 | 197500 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1748772 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 7974300 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1152415 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1235215 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2601498 | 56200 | SH |  | SOLE |  | 56200 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 24229635 | 87900 | SH |  | SOLE |  | 87900 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 72909 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 14363542 | 259590 | SH |  | SOLE |  | 203790 | 0 | 55800 |
| BROOKFIELD BUSINESS PARTNERS | UNIT LTD L P | G16234109 |  | 54622 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 20890105 | 337630 | SH |  | SOLE |  | 202955 | 0 | 134675 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 45814383 | 1367954 | SH |  | SOLE |  | 1367954 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 307810 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 1572690 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 21478837 | 842667 | SH |  | SOLE |  | 842667 | 0 | 0 |
| BRP INC | COM SUN VTG | 05577W200 |  | 6153514 | 126808 | SH |  | SOLE |  | 105208 | 0 | 21600 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 61630 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 23158143 | 790400 | SH |  | SOLE |  | 591500 | 0 | 198900 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 78883 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 15954062 | 214890 | SH |  | SOLE |  | 140550 | 0 | 74340 |
| CANADIAN IMPERIAL BK COMM | COM | 136069101 |  | 37763004 | 532163 | SH |  | SOLE |  | 479863 | 0 | 52300 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 49477573 | 1574670 | SH |  | SOLE |  | 1261870 | 0 | 312800 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 51926125 | 498493 | SH |  | SOLE |  | 487739 | 0 | 10754 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 55783680 | 702401 | SH |  | SOLE |  | 529001 | 0 | 173400 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1361664 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 67200 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 388210 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 2000848 | 12810 | SH |  | SOLE |  | 6910 | 0 | 5900 |
| CENCORA INC | COM | 03073E105 |  | 89955 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 29319448 | 2155288 | SH |  | SOLE |  | 2072816 | 0 | 82472 |
| CENTENE CORP DEL | COM | 15135B101 |  | 75992 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 2890823 | 401400 | SH |  | SOLE |  | 401400 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 5442601 | 51840 | SH |  | SOLE |  | 36640 | 0 | 15200 |
| CHEVRON CORP NEW | COM | 166764100 |  | 7674984 | 53600 | SH |  | SOLE |  | 53600 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1841720 | 32800 | SH |  | SOLE |  | 32800 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 76888 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 18004110 | 259500 | SH |  | SOLE |  | 259500 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 5405120 | 63500 | SH |  | SOLE |  | 63500 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 72042 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 82686 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 5168288 | 74600 | SH |  | SOLE |  | 74600 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 16640400 | 235200 | SH |  | SOLE |  | 235200 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 8117370 | 89300 | SH |  | SOLE |  | 89300 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 8245668 | 63040 | SH |  | SOLE |  | 51840 | 0 | 11200 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 7966008 | 223200 | SH |  | SOLE |  | 223200 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 721765 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 75739 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5653620 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 80280 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 2456468 | 15100 | SH |  | SOLE |  | 15100 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 194302 | 602 | SH |  | SOLE |  | 602 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 3302652 | 62800 | SH |  | SOLE |  | 62800 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 1294098 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 74530 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 534568 | 540 | SH |  | SOLE |  | 540 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 3284172 | 129400 | SH |  | SOLE |  | 129400 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 8855326 | 86200 | SH |  | SOLE |  | 86200 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 13713224 | 198800 | SH |  | SOLE |  | 198800 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1495720 | 12200 | SH |  | SOLE |  | 12200 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1731136 | 35200 | SH |  | SOLE |  | 35200 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 4985118 | 2727100 | SH |  | SOLE |  | 1484600 | 0 | 1242500 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 6190652 | 60960 | SH |  | SOLE |  | 41560 | 0 | 19400 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 1457743 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2108170 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| DOCEBO INC | COM | 25609L105 |  | 2512241 | 86700 | SH |  | SOLE |  | 50800 | 0 | 35900 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2390542 | 20900 | SH |  | SOLE |  | 20900 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 2512952 | 94900 | SH |  | SOLE |  | 94900 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 79476 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 9758600 | 82700 | SH |  | SOLE |  | 82700 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 3841040 | 56000 | SH |  | SOLE |  | 56000 | 0 | 0 |
| E L F BEAUTY INC | COM | 26856L103 |  | 223992 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 4501998 | 60300 | SH |  | SOLE |  | 60300 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 1035271 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 3833880 | 74300 | SH |  | SOLE |  | 74300 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1361360 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 2634811 | 3380 | SH |  | SOLE |  | 3380 | 0 | 0 |
| EMERA INC | COM | 290876101 |  | 77073503 | 1687330 | SH |  | SOLE |  | 1687330 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 4879878 | 36600 | SH |  | SOLE |  | 36600 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 36337505 | 801573 | SH |  | SOLE |  | 683073 | 0 | 118500 |
| ENDEAVOUR SILVER CORP | COM | 29258Y103 |  | 3057591 | 620700 | SH |  | SOLE |  | 340100 | 0 | 280600 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 2542322 | 3196 | SH |  | SOLE |  | 3196 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 76344 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 5080140 | 117000 | SH |  | SOLE |  | 117000 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 70164 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 2005184 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4462920 | 41400 | SH |  | SOLE |  | 41400 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 88296 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 5556915 | 58500 | SH |  | SOLE |  | 58500 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 3944367 | 95900 | SH |  | SOLE |  | 95900 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 68964 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 74004 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 34320765 | 719010 | SH |  | SOLE |  | 608410 | 0 | 110600 |
| FORTIVE CORP | COM | 34959J108 |  | 57343 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| FORTUNA MNG CORP | COM NEW | 349942102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 72282 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 |  | 6424057 | 39140 | SH |  | SOLE |  | 23040 | 0 | 16100 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 507195 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 308868 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 962910 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 75139 | 142 | SH |  | SOLE |  | 142 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 3129756 | 63600 | SH |  | SOLE |  | 63600 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 55888982 | 1134563 | SH |  | SOLE |  | 1044063 | 0 | 90500 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4601105 | 41500 | SH |  | SOLE |  | 41500 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 74574 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 873496 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 72024 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2760225 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| GRANITE REAL ESTATE INVT TR | TR UNIT NEW | 387437205 |  | 43904148 | 864470 | SH |  | SOLE |  | 842270 | 0 | 22200 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 998350 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 73368 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 3295382 | 188200 | SH |  | SOLE |  | 188200 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 4724214 | 34100 | SH |  | SOLE |  | 34100 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 13162376 | 35900 | SH |  | SOLE |  | 35900 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5868576 | 25200 | SH |  | SOLE |  | 25200 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 71800 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 14845129 | 2016081 | SH |  | SOLE |  | 1643591 | 0 | 372490 |
| IDEX CORP | COM | 45167R104 |  | 70228 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 74175 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 81720 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 62836 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 862309 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 8371752 | 28400 | SH |  | SOLE |  | 28400 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 3780624 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 819468 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 65430 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 985875 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 10904670 | 71389 | SH |  | SOLE |  | 71389 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 73934 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 11741355 | 40500 | SH |  | SOLE |  | 40500 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 76038 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 4818372 | 276600 | SH |  | SOLE |  | 276600 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 81930 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1198956 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 76440 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 19201445 | 1229100 | SH |  | SOLE |  | 951300 | 0 | 277800 |
| KKR  CO INC | COM | 48251W104 |  | 558726 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 78903 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 652184 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 2842328 | 29200 | SH |  | SOLE |  | 29200 | 0 | 0 |
| LIGHTSPEED COMMERCE INC | SUB VTG SHS | 53229C107 |  | 4030928 | 343600 | SH |  | SOLE |  | 183000 | 0 | 160600 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 7919694 | 17100 | SH |  | SOLE |  | 17100 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 1885895 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| MAG SILVER CORP | COM | 55903Q104 |  | 1544739 | 72733 | SH |  | SOLE |  | 28153 | 0 | 44580 |
| MAGNA INTL INC | COM | 559222401 |  | 41594855 | 1076338 | SH |  | SOLE |  | 1076338 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 73297528 | 2293115 | SH |  | SOLE |  | 2064815 | 0 | 228300 |
| MARATHON PETE CORP | COM | 56585A102 |  | 83055 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 878336 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 77232 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2998512 | 5336 | SH |  | SOLE |  | 5336 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 4988956 | 65800 | SH |  | SOLE |  | 65800 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 12230528 | 41861 | SH |  | SOLE |  | 41861 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 263801 | 360 | SH |  | SOLE |  | 360 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 3504234 | 40200 | SH |  | SOLE |  | 40200 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 15713260 | 198500 | SH |  | SOLE |  | 198500 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 13507047 | 18300 | SH |  | SOLE |  | 18300 | 0 | 0 |
| METHANEX CORP | COM | 59151K108 |  | 14449058 | 436500 | SH |  | SOLE |  | 436500 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 924830 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 3096280 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 5669500 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 31585535 | 63500 | SH |  | SOLE |  | 63500 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 9556248 | 141700 | SH |  | SOLE |  | 141700 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 76743 | 153 | SH |  | SOLE |  | 153 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 10339124 | 73400 | SH |  | SOLE |  | 73400 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 79590 | 138 | SH |  | SOLE |  | 138 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 3089950 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 937391 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 3660467 | 736500 | SH |  | SOLE |  | 304500 | 0 | 432000 |
| NEWMONT CORP | COM | 651639106 |  | 1112766 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 6511596 | 93800 | SH |  | SOLE |  | 93800 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 4461312 | 62800 | SH |  | SOLE |  | 62800 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 80680 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| NORTH AMERN CONSTR GROUP LTD | COM | 656811106 |  | 3736845 | 233600 | SH |  | SOLE |  | 151500 | 0 | 82100 |
| NUTRIEN LTD | COM | 67077M108 |  | 69280009 | 1189285 | SH |  | SOLE |  | 1146928 | 0 | 42357 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14550879 | 92100 | SH |  | SOLE |  | 92100 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 2889702 | 35400 | SH |  | SOLE |  | 35400 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 17618427 | 603140 | SH |  | SOLE |  | 603140 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 2514245 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| ORLA MNG LTD NEW | COM | 68634K106 |  | 5109138 | 508729 | SH |  | SOLE |  | 272361 | 0 | 236368 |
| OR ROYALTIES INC. | COM SHS | 68390D106 |  | 3031972 | 118000 | SH |  | SOLE |  | 118000 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 79216 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 75380 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 1606481 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 72730 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 74320 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 78257972 | 2084864 | SH |  | SOLE |  | 1965464 | 0 | 119400 |
| PENTAIR PLC | SHS | G7S00T104 |  | 71862 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 13164388 | 99700 | SH |  | SOLE |  | 99700 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 218675 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 16206864 | 668600 | SH |  | SOLE |  | 668600 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 21491340 | 118000 | SH |  | SOLE |  | 118000 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 14956915 | 504960 | SH |  | SOLE |  | 504960 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 13319152 | 83600 | SH |  | SOLE |  | 83600 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 640464 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 4173264 | 39700 | SH |  | SOLE |  | 39700 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 68936 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 88026 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 780404 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 4092982 | 25700 | SH |  | SOLE |  | 25700 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 16117 | 333 | SH |  | SOLE |  | 333 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 843535 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 28657012 | 269822 | SH |  | SOLE |  | 236552 | 0 | 33270 |
| REALTY INCOME CORP | COM | 756109104 |  | 2863217 | 49700 | SH |  | SOLE |  | 49700 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1197000 | 2280 | SH |  | SOLE |  | 2280 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 3128160 | 133000 | SH |  | SOLE |  | 133000 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 45530790 | 686591 | SH |  | SOLE |  | 686591 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 96288734 | 3247331 | SH |  | SOLE |  | 3101331 | 0 | 146000 |
| ROLLINS INC | COM | 775711104 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 3304322 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 95294136 | 723268 | SH |  | SOLE |  | 559470 | 0 | 163798 |
| RTX CORPORATION | COM | 75513E101 |  | 11593988 | 79400 | SH |  | SOLE |  | 79400 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1500140 | 2845 | SH |  | SOLE |  | 2845 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 6517291 | 23900 | SH |  | SOLE |  | 23900 | 0 | 0 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 5915274 | 629000 | SH |  | SOLE |  | 334800 | 0 | 294200 |
| SANGOMA TECHNOLOGIES CORP | COM NEW | 80100R408 |  | 3215924 | 519025 | SH |  | SOLE |  | 323971 | 0 | 195054 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 1268136 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 74360 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 72992 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 5053859 | 66700 | SH |  | SOLE |  | 66700 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 2045879 | 1990 | SH |  | SOLE |  | 1990 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 49660316 | 430694 | SH |  | SOLE |  | 276783 | 0 | 153911 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 80380 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 3034380 | 30900 | SH |  | SOLE |  | 30900 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 75840 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 20770639 | 800360 | SH |  | SOLE |  | 800360 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 3618102 | 39400 | SH |  | SOLE |  | 39400 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6787082 | 10985 | SH |  | SOLE |  | 10985 | 0 | 0 |
| SPDR SERIES TRUST | GLB DOW ETF | 78464A706 |  | 11036578 | 73266 | SH |  | SOLE |  | 73266 | 0 | 0 |
| SPROTT INC | COM NEW | 852066208 |  | 1851987 | 26800 | SH |  | SOLE |  | 26800 | 0 | 0 |
| SSR MINING IN | COM | 784730103 |  | 590413 | 46300 | SH |  | SOLE |  | 25700 | 0 | 20600 |
| STANTEC INC | COM | 85472N109 |  | 11166785 | 102658 | SH |  | SOLE |  | 77058 | 0 | 25600 |
| STARBUCKS CORP | COM | 855244109 |  | 1695155 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 3222102 | 30300 | SH |  | SOLE |  | 30300 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 25868036 | 388877 | SH |  | SOLE |  | 362667 | 0 | 26210 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 47778000 | 1275844 | SH |  | SOLE |  | 1233218 | 0 | 42626 |
| SYNOPSYS INC | COM | 871607107 |  | 1025360 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 3037174 | 40100 | SH |  | SOLE |  | 40100 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 3126036 | 35600 | SH |  | SOLE |  | 35600 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 3304578 | 33498 | SH |  | SOLE |  | 33498 | 0 | 0 |
| TASEKO MINES LTD | COM | 876511106 |  | 2775752 | 879300 | SH |  | SOLE |  | 467000 | 0 | 412300 |
| TC ENERGY CORP | COM | 87807B107 |  | 44570566 | 913234 | SH |  | SOLE |  | 802434 | 0 | 110800 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 2546202 | 62980 | SH |  | SOLE |  | 35180 | 0 | 27800 |
| TELUS CORPORATION | COM | 87971M103 |  | 35649023 | 2220362 | SH |  | SOLE |  | 2220362 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 2391872 | 26600 | SH |  | SOLE |  | 26600 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1524768 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 12062722 | 58100 | SH |  | SOLE |  | 58100 | 0 | 0 |
| TFI INTL INC | COM | 87241L109 |  | 11290519 | 125813 | SH |  | SOLE |  | 100710 | 0 | 25103 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1297472 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 9887790 | 41500 | SH |  | SOLE |  | 41500 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 145571529 | 1979735 | SH |  | SOLE |  | 1774361 | 0 | 205374 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 712395 | 13500 | SH |  | SOLE |  | 13500 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 7468751 | 692550 | SH |  | SOLE |  | 692550 | 0 | 0 |
| TRIPLE FLAG PRECIOUS METAL | COM | 89679M104 |  | 1232669 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 6865503 | 159700 | SH |  | SOLE |  | 159700 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1091610 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| UDR INC | COM | 902653104 |  | 73494 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 8812064 | 38300 | SH |  | SOLE |  | 38300 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 8307362 | 82300 | SH |  | SOLE |  | 82300 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 935910 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 235495 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 7280725 | 160900 | SH |  | SOLE |  | 160900 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 3817528 | 28400 | SH |  | SOLE |  | 28400 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 3365895 | 53300 | SH |  | SOLE |  | 53300 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 101 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 17554639 | 405700 | SH |  | SOLE |  | 405700 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 7417693 | 1016500 | SH |  | SOLE |  | 1016500 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 75012 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 5519180 | 169300 | SH |  | SOLE |  | 169300 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 923130 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1444515 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1720928 | 17600 | SH |  | SOLE |  | 17600 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 5971669 | 31977 | SH |  | SOLE |  | 20377 | 0 | 11600 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 3363654 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 979480 | 9400 | SH |  | SOLE |  | 9400 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 7667484 | 95700 | SH |  | SOLE |  | 95700 | 0 | 0 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 |  | 1752123 | 23900 | SH |  | SOLE |  | 23900 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 7673135 | 85350 | SH |  | SOLE |  | 46950 | 0 | 38400 |
| WILLIAMS COS INC | COM | 969457100 |  | 2192069 | 34900 | SH |  | SOLE |  | 34900 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 245200 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 4596750 | 67500 | SH |  | SOLE |  | 67500 | 0 | 0 |

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