GUARDIAN CAPITAL LP

Long Only Manager

GUARDIAN CAPITAL LP is a Long Only Manager based in Wexford, PA led by George Mavroudis, reporting $10.2B in AUM as of Q3 2025 with RY as the largest holding (8% allocation).

CEOGeorge Mavroudis

Portfolio Value: $3.1B
Positions: 152
Top Holding: RY at 7.56%
Last Reported: Q3 2025

Address109 Vip Drive, Wexford, PA, 15090, United States

Top Holdings

Largest long holdings in GUARDIAN CAPITAL LP's portfolio (41.9% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Royal Bank of Canada RY	Banks - Diversified Financial Services	$232.9M	7.56%	-$3.0M Sold	0.11% 1.6M shares	≤ Q2 2013 Held for 12y 5m+
2 Bank of Montreal BMO	Banks - Diversified Financial Services	$223.8M	7.26%	-$47.7M Sold	0.24% 1.7M shares	≤ Q2 2013 Held for 12y 5m+
3 Agnico Eagle Mines AEM	Gold Basic Materials	$158.5M	5.14%	-$11.5M Sold	0.19% 940.7K shares	Q1 2015 Held for 10y 8m
4 Open Text OTEX	Software - Application Technology	$154.1M	5.00%	-$1.3M Sold	1.62% 4.1M shares	≤ Q2 2013 Held for 12y 5m+
5 Brookfield BN	Asset Management Financial Services	$119.7M	3.88%	+$265.7K Bought	0.12% 1.7M shares	Q4 2022 Held for 2y 11m
6 Canadian Imperial Bank of Commerce CM	Banks - Diversified Financial Services	$89.0M	2.89%	-$2.5M Sold	0.12% 1.1M shares	≤ Q2 2013 Held for 12y 5m+
7 Microsoft MSFT	Software - Infrastructure Technology	$79.4M	2.58%	+$6.4M Bought	0.00% 153.4K shares	Q1 2014 Held for 11y 8m
8 Canadian Natural Resources CNQ	Oil & Gas Exploration & Production Energy	$78.6M	2.55%	+$3.6M Bought	0.12% 2.5M shares	≤ Q2 2013 Held for 12y 5m+
9 Suncor Energy SU	Oil & Gas Integrated Energy	$78.2M	2.54%	+$306.1K Bought	0.15% 1.9M shares	≤ Q2 2013 Held for 12y 5m+
10 CGI GIB	Information Technology Services Technology	$76.6M	2.49%	+$9.9M Bought	0.39% 860.2K shares	Q1 2019 Held for 6y 8m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in GUARDIAN CAPITAL LP's latest filing

See all changes

GthenC

Market Value

$3.1B

Prior: $2.8B

Q/Q Change

+9.46%

+$266.3M

Net Flows % of MV

+0.377%

Turnover Ratio

5.74%

New Purchases

11 stocks

$8.0M

Added To

74 stocks

+$180.4M

Sold Out Of

4 stocks

$2.9M

Reduced Holdings

49 stocks

-$173.9M

Increased Positions

Position	Shares Δ	Change
1 TFI International TFII	New	0 → 30.0K +$2.6M
2 iShares Energy Storage & Materials IBAT	New	0 → 58.9K +$1.7M
3 Invesco Water Resources PHO	New	0 → 22.7K +$1.6M
4 Palo Alto Networks, Inc. PANW	New	0 → 6.7K +$1.4M
5 Boyd Gaming BYD	New	0 → 2.9K +$250.5K

Decreased Positions

Position	Shares Δ	Change
1 iShares MSCI Water Management Multisector IWTR	Sold	58.2K → 0 −$2.0M
2 Fiserv FI	Sold	3.7K → 0 −$643.6K
3 Gulfterra Energy Partners GTM	Sold	12.4K → 0 −$125.3K
4 Valley National Bank VLY	Sold	13.8K → 0 −$122.9K
5 Thomson Reuters TRI	-95.0%	165.2K → 8.3K −$24.4M