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Institutional Investment Manager
Tetrem Capital Management Ltd.
Tetrem Capital Management Ltd. (CIK: 0001382078), located at 1910 - 201 Portage Avenue, Winnipeg, A2. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 63 holdings with a total value of $2,499,865,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ROYAL BK CDA MONTREAL QUE 2,169,312 146,813,000 5.87%
2 TORONTO DOMINION BK ONT 2,526,588 124,608,000 4.98%
3 BANK N S HALIFAX 1,946,732 108,392,000 4.34%
4 MICROSOFT CORP 1,373,158 85,328,000 3.41%
5 ALPHABET INC 105,219 81,210,000 3.25%
6 UNION PAC CORP 674,148 69,896,000 2.80%
7 MANULIFE FINL CORP 3,871,985 68,950,000 2.76%
8 EOG RES INC 670,196 67,757,000 2.71%
9 JOHNSON & JOHNSON 569,846 65,652,000 2.63%
10 DOW CHEM CO 1,138,249 65,131,000 2.61%
11 WELLS FARGO & CO NEW 1,156,315 63,725,000 2.55%
12 CANADIAN NATL RY CO 937,441 63,094,000 2.52%
13 SCHLUMBERGER LTD 738,830 62,025,000 2.48%
14 JPMORGAN CHASE & CO 715,098 61,706,000 2.47%
15 SUNCOR ENERGY INC NEW 1,794,742 59,014,000 2.36%
16 UNITED PARCEL SERVICE INC 495,488 56,803,000 2.27%
17 CITIGROUP INC 944,091 56,107,000 2.24%
18 AMERICAN INTL GROUP INC 841,578 54,963,000 2.20%
19 PFIZER INC 1,577,877 51,249,000 2.05%
20 AGRIUM INC 474,605 47,705,000 1.91%
21 QUALCOMM INC 702,903 45,829,000 1.83%
22 MAGNA INTL INC 987,092 42,860,000 1.71%
23 CANADIAN NAT RES LTD 1,322,480 42,146,000 1.69%
24 EATON CORP PLC 627,922 42,127,000 1.69%
25 ENBRIDGE INC 996,188 41,919,000 1.68%
26 THERMO FISHER SCIENTIFIC INC 294,464 41,549,000 1.66%
27 PROCTER AND GAMBLE CO 484,240 40,715,000 1.63%
28 SPECTRA ENERGY CORP 990,284 40,691,000 1.63%
29 CORNING INC 1,672,236 40,585,000 1.62%
30 SHAW COMMUNICATIONS INC 1,971,748 39,561,000 1.58%
31 CROWN CASTLE 433,345 37,601,000 1.50%
32 ZIONS BANCORPORATION N A COM 811,450 34,925,000 1.40%
33 UNITEDHEALTH GROUP INC 216,787 34,695,000 1.39%
34 HARLEY DAVIDSON INC 590,330 34,440,000 1.38%
35 UNITED CONTINENTAL H 455,200 33,175,000 1.33%
36 HALLIBURTON 601,224 32,520,000 1.30%
37 COMCAST CORP NEW 470,795 32,508,000 1.30%
38 MASTERCARD INCORPORATED 313,332 32,352,000 1.29%
39 KINDER MORGAN INC DEL 1,552,721 32,157,000 1.29%
40 MACYS INC 897,786 32,150,000 1.29%
41 GOODYEAR TIRE & RUBB 1,026,982 31,703,000 1.27%
42 TJX COS INC NEW 418,487 31,441,000 1.26%
43 TRANSCANADA CORP 691,002 31,156,000 1.25%
44 GILEAD SCIENCES INC 396,302 28,379,000 1.14%
45 WASTE CONNECTIONS INC 343,768 26,970,000 1.08%
46 PRECISION DRILLING CORP 4,628,012 25,231,000 1.01%
47 AFLAC INC 362,292 25,216,000 1.01%
48 CONOCOPHILLIPS 494,809 24,810,000 0.99%
49 MONSANTO CO NEW 230,207 24,220,000 0.97%
50 NIELSEN HLDGS PLC 387,159 16,241,000 0.65%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-17-000559, filed 2017.02.13).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.