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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 (2017Q1)
Portfolio Summary: 378 holdings with a total value of $1,475,219,660.
#
Name
Shares
Value ($)
%
Options
Notes
1 BANK N S HALIFAX 1,158,254 67,760,740 4.59%
2 TORONTO DOMINION BK ONT 1,132,607 56,730,123 3.85%
3 CDN IMPERIAL BK COMM TORONTO 547,360 47,197,349 3.20%
4 CANADIAN NATL RY CO 610,961 45,096,493 3.06%
5 FORTIS INC 795,415 26,359,160 1.79%
6 SUNCOR ENERGY INC NEW 838,683 25,749,687 1.75%
7 BCE INC 547,075 24,221,967 1.64%
8 CANADIAN NAT RES LTD 725,603 23,756,487 1.61%
9 MANULIFE FINL CORP 1,267,755 22,488,371 1.52%
10 MICROSOFT CORP 339,082 22,331,806 1.51%
11 RITCHIE BROS AUCTIONEERS 656,396 21,604,151 1.46%
12 AGRIUM INC 216,895 20,700,190 1.40%
13 ROGERS COMMUNICATIONS INC 470,383 20,451,011 1.39%
14 RESTAURANT BRANDS INTL INC 332,235 18,507,216 1.25%
15 SUN LIFE FINL INC 492,016 17,966,051 1.22%
16 TELUS CORP 551,170 17,892,142 1.21%
17 FIRSTSERVICE CORP NEW 286,893 17,347,014 1.18%
18 DOMTAR CORP 472,988 17,267,684 1.17%
19 ROYAL BK CDA MONTREAL QUE 195,210 14,222,493 0.96%
20 AMGEN INC 79,708 13,080,004 0.89%
21 COLLIERS INTL GROUP INC 259,046 12,254,379 0.83%
22 JPMORGAN CHASE & CO 137,702 12,095,671 0.82%
23 POTASH CORP SASK INC 697,670 11,919,364 0.81%
24 MAGNA INTL INC 261,189 11,271,607 0.76%
25 BANK MONTREAL QUE 141,165 10,543,922 0.71%
26 CISCO SYS INC 305,564 10,328,001 0.70%
27 US BANCORP DEL 200,440 10,322,598 0.70%
28 INGERSOLL-RAND PLC 125,467 10,202,915 0.69%
29 VERIZON COMMUNICATIONS INC 208,997 10,188,542 0.69%
30 UNION PAC CORP 92,066 9,751,572 0.66%
31 VAREX IMAGING CORP 255,870 8,597,180 0.58%
32 PROCTER AND GAMBLE CO 95,526 8,582,959 0.58%
33 BROOKFIELD PPTY PARTNERS L P 373,219 8,323,953 0.56%
34 PEPSICO INC 73,724 8,246,717 0.56%
35 CORNING INC 302,740 8,173,930 0.55%
36 OMNICOM GROUP INC 94,469 8,144,123 0.55%
37 CENOVUS ENERGY INC 648,845 7,927,443 0.54%
38 WELLS FARGO & CO NEW 139,344 7,755,840 0.53%
39 CRESCENT PT ENERGY CORP 698,043 7,542,818 0.51%
40 UNITEDHEALTH GROUP INC 43,940 7,206,556 0.49%
41 SHAW COMMUNICATIONS INC 358,820 7,089,978 0.48%
42 IRON MTN INC NEW 197,906 7,059,264 0.48%
43 VERMILION ENERGY INC 187,812 7,042,996 0.48%
44 PRAXAIR INC 57,456 6,932,840 0.47%
45 MITEL NETWORKS CORP 961,380 6,665,315 0.45%
46 ALPHABET INC 7,841 6,647,559 0.45%
47 ABBVIE INC 99,621 6,491,265 0.44%
48 APPLE INC 45,074 6,477,545 0.44%
49 WAL-MART STORES INC 88,593 6,385,745 0.43%
50 BB&T CORP 140,821 6,294,660 0.43%
Page 1 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0002033536-25-000037, 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.