Triasima Portfolio Management inc.

CIK 0001938757 · Q1 2026

13F Equity AUM

$661.5M

-0.9% QoQ

Positions

137

-6 QoQ

AUM Rank

#3,648

Top 29%

Skill Alpha (FF)

+1.6%/yr^ns

No Clear Edge

Rank #1,298 · Top 16%

vs S&P -2.7%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 19.0%Top 10: 29.7%Top 20: 45.7%

RY6.2%

TD3.9%

CM3.3%

BMO2.9%

SHOP2.8%

KGC2.3%

TIGO2.3%

FTS2.1%

GOOGL2.1%

PAAS1.8%

Others (127)70.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services26.6%

Technology18.2%

Basic Materials11.0%

Industrials8.7%

Energy8.4%

Communication Services6.9%

Consumer Cyclical4.5%

Healthcare4.4%

Other11.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 137Median: 0.46%Avg: 0.73%

0–0.5%

69(14.1%)

0.5–1%

36(26.4%)

1–3%

29(46.2%)

3–5%

2(7.2%)

5%+

1(6.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 136Unique: 1vs 20 funds

1.9%Low

137

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

2.6%

BANK OF AMERICA CORP /DE/

2.8%

JPMORGAN CHASE & CO

2.6%

BlackRock, Inc.

3.2%

FMR LLC

4.3%

VANGUARD CAPITAL MANAGEMENT LLC

3.7%

GEODE CAPITAL MANAGEMENT, LLC

3.6%

STATE STREET CORP

2.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New24Increased64Decreased40Exited30

New Positions

BCE1.1%

+296K

TFII1.1%

+69K

GRT-U1.0%

+118K

SPG0.9%

+31K

SPGI0.7%

+11K

MDA0.6%

+155K

CFG0.6%

+62K

JBL0.4%

+10K

NE-WTA0.4%

+55K

HIGHLANDER SILVER CO…0.4%

+423K

Increased

AQN0.6%

+421K(+208%)

MFC0.9%

+153K(+1015%)

ELVA0.3%

+108K(+67%)

CAE0.4%

+76K(+338%)

INTC0.8%

+53K(+85%)

OLA0.6%

+36K(+17%)

G4RA0.6%

+30K(+39%)

WPM0.8%

+26K(+155%)

EFX0.5%

+25K(+18%)

TD3.9%

+25K(+10%)

Decreased

VZLA0.0%

-492,768(-95%)

IMG0.5%

-430,204(-69%)

BN0.4%

-335,384(-84%)

KGC2.3%

-267,432(-35%)

RKT0.1%

-178,315(-89%)

CVE1.4%

-110,205(-24%)

ENB1.2%

-84,739(-37%)

DOO0.3%

-50,394(-64%)

ARIS0.4%

-50,286(-28%)

GIL0.3%

-36,710(-53%)

Exited

-51,635

-13,096

-16,188

-14,220

-47,405

-12,221

-124,865

-13,526

-12,052

BROOKFIELD WEALTH SO…

-38,329

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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