TORON CAPITAL MARKETS INC.

Long Only Manager

TORON CAPITAL MARKETS INC. is a Long Only Manager led by Henry Perren, reporting $4.3B in AUM as of Q3 2025 with RY as the largest holding (5% allocation).

ChairmanHenry Perren

Portfolio Value: $1.7B
Positions: 357
Top Holding: RY at 5.05%
Last Reported: Q3 2025

Address60 Bloor Street West, 9th Floor, Toronto, Ontario, M4W 3B8, Canada

Top Holdings

Largest long holdings in TORON CAPITAL MARKETS INC.'s portfolio (33.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Royal Bank of Canada RY	Banks - Diversified Financial Services	$87.8M	5.05%	+$1.3M Bought	0.04% 595.4K shares	Q4 2014 Held for 10y 11m
2 Microsoft MSFT	Software - Infrastructure Technology	$86.9M	5.00%	+$4.1M Bought	0.00% 167.8K shares	Q4 2014 Held for 10y 11m
3 RB Global RBA	Specialty Business Services Industrials	$76.8M	4.42%	+$2.0M Bought	0.38% 708.5K shares	Q2 2021 Held for 4y 5m
4 Jacobs Solutions J	Engineering & Construction Industrials	$49.6M	2.86%	-$119.9K Sold	0.28% 330.9K shares	Q1 2023 Held for 2y 8m
5 Fortis FTS	Regulated Electric Utilities	$48.9M	2.81%	+$1.3M Bought	0.19% 963.1K shares	Q4 2016 Held for 8y 11m
6 Willis Towers Watson WTW	Insurance - Brokers Financial Services	$46.9M	2.70%	+$3.5K Bought	0.14% 135.7K shares	Q4 2024 Held for 11 months
7 AZN AstraZeneca AZN	Unknown Unknown	$45.9M	2.64%	-$129.5K Sold	— 598.3K shares	Q4 2022 Held for 2y 11m
8 Visa V	Financial - Credit Services Financial Services	$45.5M	2.62%	-$425.0K Sold	0.01% 133.2K shares	Q3 2019 Held for 6y 2m
9 Toronto Dominion Bank TD	Banks - Diversified Financial Services	$45.3M	2.61%	+$1.4M Bought	0.03% 566.2K shares	Q4 2014 Held for 10y 11m
10 Abbott ABT	Medical - Devices Healthcare	$45.0M	2.59%	+$892.0K Bought	0.02% 335.8K shares	Q4 2023 Held for 1y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in TORON CAPITAL MARKETS INC.'s latest filing

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Market Value

$1.7B

Prior: $1.7B

Q/Q Change

+4.87%

+$80.7M

Net Flows % of MV

+0.577%

Turnover Ratio

3.74%

New Purchases

8 stocks

$5.4M

Added To

124 stocks

+$72.4M

Sold Out Of

23 stocks

$7.9M

Reduced Holdings

111 stocks

-$59.9M

Increased Positions

Position	Shares Δ	Change
1 HLN Haleon HLN	New	0 → 450.7K +$4.0M
2 Halliburton HAL	New	0 → 10.4K +$256.0K
3 PBF Energy PBF	New	0 → 8.3K +$250.1K
4 Builders FirstSource BLDR	New	0 → 1.8K +$213.8K
5 Estee Lauder Companies Inc. EL	New	0 → 2.4K +$208.8K

Decreased Positions

Position	Shares Δ	Change
1 Walgreens Boots Alliance WBA	Sold	73.5K → 0 −$843.6K
2 Bragg Gaming Group BRAG	Sold	189.1K → 0 −$814.8K
3 Carrier Global CARR	Sold	10.2K → 0 −$747.0K
4 Duolingo DUOL	Sold	1.6K → 0 −$646.2K
5 Quanta Services PWR	Sold	1.7K → 0 −$643.1K

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Analytics

Portfolio insights and performance metrics for TORON CAPITAL MARKETS INC.

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Sector Allocation

Financial Services

22.60%

Technology

17.10%

Industrials

16.50%

Consumer Cyclical

7.60%

Utilities

7.30%

Healthcare

6.30%

ETF

4.20%

Energy

3.50%

Consumer Defensive

3.20%

Communication Services

2.60%

Real Estate

1.30%

Basic Materials

0.50%

Market Cap Distribution

Mega Cap (> $200B)

29.16%

Large Cap ($10B - $200B)

52.39%

Mid Cap ($2B - $10B)

6.04%

Small Cap ($300M - $2B)

0.79%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.05%

N/A (ETF or Unknown)

11.57%

Portfolio Concentration

Top 10 Holdings %

33.31%

Top 20 Holdings %

54.09%

Top 50 Holdings %

82.42%

Top 100 Holdings %

92.42%