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Institutional Investment Manager
Northwest & Ethical Investments L.P.
Northwest & Ethical Investments L.P. (CIK: 0002033536), located at 151 Yonge Street, Toronto, A6. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 377 holdings with a total value of $1,452,108,285.
#
Name
Shares
Value ($)
%
Options
Notes
1 BANK N S HALIFAX 1,210,226 67,384,178 4.64%
2 TORONTO DOMINION BK ONT 1,140,806 56,263,660 3.87%
3 CDN IMPERIAL BK COMM TORONTO 557,595 45,498,079 3.13%
4 CANADIAN NATL RY CO 587,997 39,570,678 2.73%
5 ROGERS COMMUNICATIONS INC 872,781 33,664,592 2.32%
6 SUNCOR ENERGY INC NEW 959,783 31,380,491 2.16%
7 BCE INC 671,716 29,030,895 2.00%
8 CANADIAN NAT RES LTD 869,128 27,697,986 1.91%
9 FORTIS INC 823,515 25,428,630 1.75%
10 MANULIFE FINL CORP 1,266,847 22,559,314 1.55%
11 POTASH CORP SASK INC 1,180,055 21,347,740 1.47%
12 AGRIUM INC 208,391 20,946,245 1.44%
13 SUN LIFE FINL INC 525,742 20,184,755 1.39%
14 RITCHIE BROS AUCTIONEERS 582,876 19,773,644 1.36%
15 MICROSOFT CORP 316,615 19,674,453 1.35%
16 TELUS CORP 614,392 19,561,576 1.35%
17 DOMTAR CORP 447,988 17,486,492 1.20%
18 ROYAL BK CDA MONTREAL QUE 231,200 15,646,980 1.08%
19 FIRSTSERVICE CORP NEW 317,672 15,080,409 1.04%
20 RESTAURANT BRANDS INTL INC 314,735 14,990,211 1.03%
21 BANK MONTREAL QUE 204,600 14,715,331 1.01%
22 JPMORGAN CHASE & CO 169,055 14,587,754 1.00%
23 VERIZON COMMUNICATIONS INC 223,572 11,934,271 0.82%
24 INTEL CORP 327,078 11,863,118 0.82%
25 AMGEN INC 77,858 11,383,615 0.78%
26 GRANITE REAL ESTATE INVT TR 316,673 10,573,089 0.73%
27 OMNICOM GROUP INC 122,308 10,409,633 0.72%
28 CISCO SYS INC 316,030 9,550,424 0.66%
29 COLLIERS INTL GROUP INC 256,170 9,442,084 0.65%
30 INGERSOLL-RAND PLC 125,147 9,391,029 0.65%
31 CRESCENT PT ENERGY CORP 638,500 8,678,525 0.60%
32 UNITEDHEALTH GROUP INC 51,360 8,219,652 0.57%
33 UNITED PARCEL SERVICE INC 68,169 7,814,892 0.54%
34 PEPSICO INC 73,203 7,659,227 0.53%
35 VERMILION ENERGY INC 179,667 7,558,959 0.52%
36 WESTERN UN CO 345,800 7,510,775 0.52%
37 WELLS FARGO & CO NEW 134,825 7,430,203 0.51%
38 US BANCORP DEL 143,015 7,346,679 0.51%
39 ACCENTURE PLC IRELAND 62,656 7,338,896 0.51%
40 PNC FINL SVCS GROUP INC 62,734 7,337,367 0.51%
41 CENOVUS ENERGY INC 470,500 7,113,409 0.49%
42 JOHNSON & JOHNSON 61,145 7,044,514 0.49%
43 PRUDENTIAL FINL INC 66,145 6,883,047 0.47%
44 ALPHABET INC 8,858 6,836,780 0.47%
45 CORNING INC 264,933 6,429,922 0.44%
46 MITEL NETWORKS CORP 942,730 6,403,306 0.44%
47 KIMBERLY CLARK CORP 56,093 6,401,332 0.44%
48 GILEAD SCIENCES INC 89,248 6,391,047 0.44%
49 SHAW COMMUNICATIONS INC 309,100 6,201,814 0.43%
50 UNION PAC CORP 59,135 6,131,115 0.42%
Page 1 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0002033536-25-000036, filed 2025.07.08).

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.