# EDGAR Filing Document

**Accession Number:** 0001938757
**File Stem:** 0001938757-26-000002
**Filing Date:** 2026-2
**Character Count:** 17892
**Document Hash:** 74d9b3b7f9285b9593bede60405576bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001938757-26-000002.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001938757-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Triasima Portfolio Management inc.
- **CENTRAL INDEX KEY:** 0001938757

**ORGANIZATION NAME:**
- **EIN:** 896679610
- **STATE OF INCORPORATION:** A8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22571
- **FILM NUMBER:** 26589042

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 900 DE MAISONNEUVE BLVD. WEST
- **STREET 2:** SUITE 2520
- **CITY:** MONTREAL
- **PROVINCE COUNTRY:** A8
- **ZIP:** H3A0A8
- **BUSINESS PHONE:** 514-906-0667

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 900 DE MAISONNEUVE BLVD. WEST
- **STREET 2:** SUITE 2520
- **CITY:** MONTREAL
- **PROVINCE COUNTRY:** A8
- **ZIP:** H3A0A8

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Triasima Portfolio Management inc.<br>**Address:** 900 DE MAISONNEUVE BLVD. WEST<br>SUITE 2520<br>MONTREAL, A8 H3A0A8

**Form 13F File Number:** 028-22571

**CRD Number (if applicable):** 000304577

**SEC File Number (if applicable):** 801-119229

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:** Mathieu Tanguay<br>**Title:** Chief Compliance Officer<br>**Phone:** 514 906-0667

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

Mathieu Tanguay  Montreal, A8  02-02-2026<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:** 143

**Form 13F Information Table Value Total:** $667697813

      (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 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 322856 | 6425 | SH |  | SOLE |  | 6425 | 0 | 0 |
| WISDOMTREE TR | EMG MKTS SMCAP | 97717W281 |  | 227242 | 3970 | SH |  | SOLE |  | 3970 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1608502 | 16750 | SH |  | SOLE |  | 16750 | 0 | 0 |
| JAPAN SMALLER CAPITALIZATION | COM | 47109U104 |  | 241544 | 21800 | SH |  | SOLE |  | 21800 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4005479 | 6387 | SH |  | SOLE |  | 6387 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 9788874 | 106764 | SH |  | SOLE |  | 101764 | 0 | 5000 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 1070855 | 31574 | SH |  | SOLE |  | 31574 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 7716967 | 455557 | SH |  | SOLE |  | 437517 | 0 | 18040 |
| DENISON MINES CORP | COM | 248356107 |  | 1910443 | 719434 | SH |  | SOLE |  | 55191 | 0 | 664243 |
| ENERFLEX LTD | COM | 29269R105 |  | 2134446 | 138270 | SH |  | SOLE |  | 11075 | 0 | 127195 |
| ENBRIDGE INC | COM | 29250N105 |  | 11030550 | 230209 | SH |  | SOLE |  | 214039 | 0 | 16170 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 7264457 | 83975 | SH |  | SOLE |  | 78275 | 0 | 5700 |
| SOUTH BOW CORP | COM | 83671M105 |  | 3260696 | 118400 | SH |  | SOLE |  | 107700 | 0 | 10700 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 2713767 | 61062 | SH |  | SOLE |  | 61062 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 371630 | 8340 | SH |  | SOLE |  | 8340 | 0 | 0 |
| CENTRUS ENERGY CORP | CL A | 15643U104 |  | 224553 | 925 | SH |  | SOLE |  | 925 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 3599013 | 21195 | SH |  | SOLE |  | 21195 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 6049443 | 156458 | SH |  | SOLE |  | 146758 | 0 | 9700 |
| ARIS MNG CORP | COM | 04040Y109 |  | 2931515 | 180520 | SH |  | SOLE |  | 14791 | 0 | 165729 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 11628946 | 584968 | SH |  | SOLE |  | 460136 | 0 | 124832 |
| IAMGOLD CORP | COM | 450913108 |  | 10260239 | 620937 | SH |  | SOLE |  | 432370 | 0 | 188567 |
| KINROSS GOLD CORP | COM | 496902404 |  | 21836786 | 774257 | SH |  | SOLE |  | 734657 | 0 | 39600 |
| NEW GOLD INC CDA | COM | 644535106 |  | 515743 | 59110 | SH |  | SOLE |  | 4052 | 0 | 55058 |
| ORLA MNG LTD NEW | COM | 68634K106 |  | 2878399 | 213736 | SH |  | SOLE |  | 72031 | 0 | 141705 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 13131440 | 252950 | SH |  | SOLE |  | 236250 | 0 | 16700 |
| SSR MINING IN | COM | 784730103 |  | 256832 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| VIZSLA SILVER CORP | COM NEW | 92859G608 |  | 2856958 | 520768 | SH |  | SOLE |  | 90329 | 0 | 430439 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 1989410 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 2309008 | 16325 | SH |  | SOLE |  | 16325 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 2025604 | 7716 | SH |  | SOLE |  | 7716 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 355066 | 3556 | SH |  | SOLE |  | 3556 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 688180 | 22600 | SH |  | SOLE |  | 22600 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 3842494 | 38800 | SH |  | SOLE |  | 35800 | 0 | 3000 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 541095 | 7340 | SH |  | SOLE |  | 7340 | 0 | 0 |
| ELECTROVAYA INC | COM NEW | 28617B606 |  | 1285236 | 162522 | SH |  | SOLE |  | 35256 | 0 | 127266 |
| STANTEC INC | COM | 85472N109 |  | 1642208 | 17380 | SH |  | SOLE |  | 17380 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 1243563 | 9411 | SH |  | SOLE |  | 9411 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 6219057 | 43260 | SH |  | SOLE |  | 43260 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 258914 | 1498 | SH |  | SOLE |  | 1498 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 314357 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 5032591 | 31305 | SH |  | SOLE |  | 31305 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 476848 | 865 | SH |  | SOLE |  | 865 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 8237258 | 127492 | SH |  | SOLE |  | 127492 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 3844221 | 4119 | SH |  | SOLE |  | 4119 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 6208915 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 2996235 | 34396 | SH |  | SOLE |  | 34396 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 2285672 | 8670 | SH |  | SOLE |  | 8670 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2723018 | 3098 | SH |  | SOLE |  | 3098 | 0 | 0 |
| POWELL INDS INC | COM | 739128106 |  | 836797 | 2625 | SH |  | SOLE |  | 2625 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 2301493 | 5453 | SH |  | SOLE |  | 5453 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 485336 | 25160 | SH |  | SOLE |  | 25160 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 2845248 | 47405 | SH |  | SOLE |  | 47405 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 924650 | 4363 | SH |  | SOLE |  | 4363 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 548355 | 6711 | SH |  | SOLE |  | 6711 | 0 | 0 |
| BRP INC | COM SUN VTG | 05577W200 |  | 5550700 | 78399 | SH |  | SOLE |  | 72909 | 0 | 5490 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 4352868 | 69550 | SH |  | SOLE |  | 69550 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 5484213 | 102740 | SH |  | SOLE |  | 95940 | 0 | 6800 |
| AMAZON COM INC | COM | 023135106 |  | 1199340 | 5196 | SH |  | SOLE |  | 5196 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 7568658 | 51635 | SH |  | SOLE |  | 51635 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 920516 | 457 | SH |  | SOLE |  | 457 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 677234 | 7425 | SH |  | SOLE |  | 7425 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 10703391 | 69679 | SH |  | SOLE |  | 69679 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 2532262 | 124865 | SH |  | SOLE |  | 124865 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 409611 | 475 | SH |  | SOLE |  | 475 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 319036 | 3548 | SH |  | SOLE |  | 3548 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1033327 | 9275 | SH |  | SOLE |  | 9275 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 2792376 | 12221 | SH |  | SOLE |  | 12221 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 333248 | 3495 | SH |  | SOLE |  | 3495 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 1092959 | 3236 | SH |  | SOLE |  | 3236 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 5791732 | 47187 | SH |  | SOLE |  | 47187 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 6415839 | 5970 | SH |  | SOLE |  | 5970 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 4426284 | 5396 | SH |  | SOLE |  | 5071 | 0 | 325 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 6397211 | 66596 | SH |  | SOLE |  | 63721 | 0 | 2875 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 6917627 | 50175 | SH |  | SOLE |  | 50175 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 551824 | 2472 | SH |  | SOLE |  | 2472 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 229429 | 4374 | SH |  | SOLE |  | 4374 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 15106029 | 116166 | SH |  | SOLE |  | 110566 | 0 | 5600 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 18287914 | 397781 | SH |  | SOLE |  | 375745 | 0 | 22036 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 9586257 | 129807 | SH |  | SOLE |  | 119017 | 0 | 10790 |
| BROOKFIELD WEALTH SOL LTD | CL A EXCHANGEAB | G17434104 |  | 1766945 | 38329 | SH |  | SOLE |  | 3427 | 0 | 34902 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 20214621 | 222689 | SH |  | SOLE |  | 208889 | 0 | 13800 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 548776 | 15093 | SH |  | SOLE |  | 15093 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 41046873 | 240459 | SH |  | SOLE |  | 227259 | 0 | 13200 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 23703338 | 251170 | SH |  | SOLE |  | 235810 | 0 | 15360 |
| BANCO DE CHILE | SPONSORED ADS | 059520106 |  | 2957730 | 77835 | SH |  | SOLE |  | 77835 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 5153752 | 202505 | SH |  | SOLE |  | 202505 | 0 | 0 |
| GRUPO CIBEST SA | SPON ADS | 40090E106 |  | 8898848 | 139897 | SH |  | SOLE |  | 139897 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 675326 | 2473 | SH |  | SOLE |  | 2473 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 1600818 | 41515 | SH |  | SOLE |  | 41515 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 167177 | 11823 | SH |  | SOLE |  | 11823 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 4455914 | 13096 | SH |  | SOLE |  | 13096 | 0 | 0 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 3315188 | 170710 | SH |  | SOLE |  | 170710 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 6405273 | 7287 | SH |  | SOLE |  | 7287 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 2471111 | 38425 | SH |  | SOLE |  | 38425 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 239700 | 1480 | SH |  | SOLE |  | 1480 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 10219207 | 31715 | SH |  | SOLE |  | 31715 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1416924 | 2482 | SH |  | SOLE |  | 2482 | 0 | 0 |
| NICOLET BANKSHARES INC | COM | 65406E102 |  | 451236 | 3720 | SH |  | SOLE |  | 3720 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 2735081 | 163386 | SH |  | SOLE |  | 163386 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 3885164 | 200680 | SH |  | SOLE |  | 200680 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 6685080 | 144355 | SH |  | SOLE |  | 144355 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1013902 | 2891 | SH |  | SOLE |  | 2891 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 561996 | 6030 | SH |  | SOLE |  | 6030 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 11819978 | 39906 | SH |  | SOLE |  | 37050 | 0 | 2856 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 29397554 | 182338 | SH |  | SOLE |  | 172138 | 0 | 10200 |
| APPLE INC | COM | 037833100 |  | 5016088 | 18451 | SH |  | SOLE |  | 18451 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3045355 | 14220 | SH |  | SOLE |  | 14220 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 3850316 | 29385 | SH |  | SOLE |  | 29385 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1537622 | 11378 | SH |  | SOLE |  | 11378 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1637955 | 1531 | SH |  | SOLE |  | 1531 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 13776164 | 39804 | SH |  | SOLE |  | 39804 | 0 | 0 |
| BEL FUSE INC | CL A | 077347201 |  | 264435 | 1742 | SH |  | SOLE |  | 1742 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1205650 | 2572 | SH |  | SOLE |  | 2572 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 4336866 | 56301 | SH |  | SOLE |  | 56301 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 4228791 | 16188 | SH |  | SOLE |  | 16188 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 2326545 | 63050 | SH |  | SOLE |  | 63050 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 4820222 | 3967 | SH |  | SOLE |  | 3967 | 0 | 0 |
| KOPIN CORP | COM | 500600101 |  | 54987 | 23499 | SH |  | SOLE |  | 23499 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4408398 | 25753 | SH |  | SOLE |  | 25753 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 343667 | 2329 | SH |  | SOLE |  | 2329 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 3350812 | 3697 | SH |  | SOLE |  | 3697 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1431913 | 16850 | SH |  | SOLE |  | 16850 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 13817507 | 28571 | SH |  | SOLE |  | 28571 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 204924 | 718 | SH |  | SOLE |  | 718 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 2376051 | 12052 | SH |  | SOLE |  | 12052 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 13185177 | 70698 | SH |  | SOLE |  | 70698 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2491489 | 13526 | SH |  | SOLE |  | 13526 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 11003856 | 36210 | SH |  | SOLE |  | 36210 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 653661 | 77265 | SH |  | SOLE |  | 77265 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 3598824 | 95215 | SH |  | SOLE |  | 95215 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1109596 | 3536 | SH |  | SOLE |  | 3536 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 14496908 | 46316 | SH |  | SOLE |  | 46316 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4988960 | 7558 | SH |  | SOLE |  | 7558 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 502314 | 865 | SH |  | SOLE |  | 865 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 11277604 | 203420 | SH |  | SOLE |  | 203420 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 2647612 | 12668 | SH |  | SOLE |  | 12668 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 1181322 | 4614 | SH |  | SOLE |  | 4614 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 1242106 | 201732 | SH |  | SOLE |  | 13862 | 0 | 187870 |
| FORTIS INC | COM | 349553107 |  | 13019510 | 250091 | SH |  | SOLE |  | 238991 | 0 | 11100 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 850320 | 2407 | SH |  | SOLE |  | 2407 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 2020832 | 46360 | SH |  | SOLE |  | 46360 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 317897 | 2160 | SH |  | SOLE |  | 2160 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 8289156 | 44659 | SH |  | SOLE |  | 44659 | 0 | 0 |

---