Addenda Capital Inc.
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 137034
· SEC file 801-64799
· Montreal, Quebec
· ADDENDACAPITAL.COM
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $29.0B
- Discretionary
- $29.0B
- Clients
- 336
- Avg AUM / client
- $86.4M
- Accounts
- 336
- Employees
- 163
AUM over time
$18.8B
$30.5B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Asset allocation (SMA assets by investment type)
as of Mar 30, 2026
Sovereign bonds
$12.5B
43%
Investment-grade corporate bonds
$9.0B
31%
Exchange-traded equities
$3.8B
13%
Other
$2.6B
9%
Cash & equivalents
$871M
3%
US government & agency bonds
$290M
1%
Non-investment-grade bonds
$290M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Investments (13F portfolio — 128 positions, $3,678,692,861)
13F period Jun 30, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Toronto Dominion Bk Ont | COM NEW | $223,176,669 | 1,294,228 | 6.07% | 0.77% |
| 2 | Royal Bk Cda | COM | $220,506,691 | 750,840 | 5.99% | 0.76% |
| 3 | Bank Montreal Medium | COM | $156,684,793 | 625,064 | 4.26% | 0.54% |
| 4 | Bank Nova Scotia B C | COM | $133,288,399 | 1,081,272 | 3.62% | 0.46% |
| 5 | Brookfield Corp | CL A LTD VT SH | $131,887,717 | 2,179,602 | 3.59% | 0.45% |
| 6 | Shopify Inc | CL A SUB VTG SHS | $129,600,145 | 798,719 | 3.52% | 0.45% |
| 7 | Enbridge Inc | COM | $119,938,684 | 1,559,468 | 3.26% | 0.41% |
| 8 | Cameco Corp | COM | $104,336,035 | 721,749 | 2.84% | 0.36% |
| 9 | Canadian Nat Res Ltd Med Ter | COM | $103,501,303 | 1,823,954 | 2.81% | 0.36% |
| 10 | Canadian Pacific Kansas City | COM | $102,608,496 | 832,895 | 2.79% | 0.35% |
| 11 | Canadian Natl Ry Co | COM | $92,896,925 | 548,874 | 2.53% | 0.32% |
| 12 | Agnico Eagle Mines Ltd | COM | $86,456,924 | 392,344 | 2.35% | 0.3% |
| 13 | Tc Energy Corp | COM | $80,460,042 | 848,757 | 2.19% | 0.28% |
| 14 | Apple Inc | COM | $63,746,876 | 220,303 | 1.73% | 0.22% |
| 15 | Broadcom Inc | COM | $62,869,310 | 166,431 | 1.71% | 0.22% |
| 16 | Hudbay Minerals Inc | COM | $62,709,623 | 1,872,488 | 1.7% | 0.22% |
| 17 | Alphabet Inc | CAP STK CL C | $61,405,574 | 173,791 | 1.67% | 0.21% |
| 18 | Wheaton Precious Metals Corp | COM | $60,139,720 | 376,957 | 1.63% | 0.21% |
| 19 | Suncor Energy Inc New | COM | $59,851,093 | 784,418 | 1.63% | 0.21% |
| 20 | Kinross Gold Corp | COM | $55,571,878 | 1,654,910 | 1.51% | 0.19% |
| 21 | Manulife Finl Corp | COM | $54,841,351 | 953,431 | 1.49% | 0.19% |
| 22 | Nvidia Corporation | COM | $52,723,636 | 263,605 | 1.43% | 0.18% |
| 23 | Canadian Imperial Bank Of Co | COM | $48,658,638 | 295,989 | 1.32% | 0.17% |
| 24 | Microsoft Corp | COM | $48,422,472 | 129,812 | 1.32% | 0.17% |
| 25 | Waste Connections Inc | COM | $44,450,776 | 188,040 | 1.21% | 0.15% |
Top 25 of 128 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 2 | $0 | — |
| High net worth individuals | 30 | $11.0M | 0.04% |
| Pooled investment vehicles (non-investment companies) | 220 | $9.6B | 33.1% |
| Pension and profit sharing plans | 19 | $2.8B | 9.76% |
| Charitable organizations | 5 | $710M | 2.44% |
| State or municipal government entities | 9 | $3.1B | 10.6% |
| Other investment advisers | 9 | $1.1B | 3.64% |
| Insurance companies | 25 | $10.2B | 35.3% |
| Corporations and other businesses | 17 | $1.5B | 5.16% |
People (33)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Durocher, Benoit | Executive Vice President And Chief Economic Strategist | Apr 2008 (18y) | Less than 5% | |
| White, Michael, John | Chairman | Apr 2008 (18y) | Less than 5% | |
| Prud'homme, Jean Marc | Chief Compliance Officer And Chief Risk Officer | Dec 2009 (17y) | Less than 5% | |
| Cardin, François | Corporate Secretary, General Counsel And Manager Corporate Affairs | Jun 2011 (15y) | Less than 5% | |
| Baldwin, Robert, David | Director | Nov 2011 (15y) | Less than 5% | |
| Savvas, Pallaris | Executive Vice President, Commercial Mortgages | Feb 2013 (14y) | Less than 5% | |
| Beauchemin, Roger, Jean | Director, President And Chief Executive Officer | Mar 2014 (12y) | Less than 5% | |
| Wesseling, Robert Phillip | Director | Dec 2016 (10y) | Less than 5% | |
| Higgins, Karen, Sue Ann | Director | Jun 2018 (8y) | Less than 5% | |
| Mc Carthy, Lynne, Marie | Director | Sep 2018 (8y) | Less than 5% | |
| Poulsen, Carol, Dianne | Director | Sep 2018 (8y) | Less than 5% | |
| Angielski, Miles | Vice President, Commercial Mortgages | Feb 2020 (7y) | Less than 5% | |
| Desnoyers, Yanick | Vice President And Senior Economist | Feb 2020 (7y) | Less than 5% | |
| Gosselin, Isabelle | Executive Vice President, Talent Management | Feb 2020 (7y) | Less than 5% | |
| Kot, Adam | Vice President, Commercial Mortgages And Head Of Origination | Feb 2020 (7y) | Less than 5% | |
| Mc Kinna, Adam | Vice President, Commercial Mortgages | Feb 2020 (7y) | Less than 5% | |
| Robert, Christian | Vice President, Investment Solutions And Product Management | Feb 2020 (7y) | Less than 5% | |
| Chrispin, Gregory | Director | Sep 2020 (6y) | Less than 5% | |
| Hornung, Gregory, John | Vice President, Commercial Mortgages | Feb 2021 (6y) | Less than 5% | |
| Monette, Marc Andre | Vice President, Operations | Feb 2021 (6y) | Less than 5% | |
| Boudreau, Janick | Executive Vp, Business Development And Client Partnerships | Feb 2022 (5y) | Less than 5% | |
| Chafee, Kim | Vice President & Co Head, Canadian Equities | Feb 2022 (5y) | Less than 5% | |
| Freyman, Monika | Vp Sustainable Investing | Feb 2022 (5y) | Less than 5% | |
| Johnston, Kenneth, David | Vice President, Client Partnerships And Head Of Platform Distribution | Feb 2022 (5y) | Less than 5% | |
| Kapala, Todd | Vice President & Co Head, Canadian Equities | Feb 2022 (5y) | Less than 5% | |
| Laliberte, Annie | Vice President Global Equities | Feb 2022 (5y) | Less than 5% | |
| Pelland, Carl | Vice President Fixed Income And Co Head, Corporate Bonds | Feb 2022 (5y) | Less than 5% | |
| Gueto, Rocio | Vice President, Client Partnerships Institutional Markets | Feb 2023 (4y) | Less than 5% | |
| Mariamo, Roger | Vice President, Client Partnerships Institutional Markets | Feb 2023 (4y) | Less than 5% | |
| Yelle, Josee | Vice President, Client Experience, Marketing Strategy And Communications | Feb 2023 (4y) | Less than 5% | |
| Baudin, Philip, David | Director | Apr 2023 (3y) | Less than 5% | |
| Leblanc, Charles | Chief Operating Officer | Feb 2024 (3y) | Less than 5% | |
| Mckinnon, Ian | Chief Investment Officer | Feb 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Co Operators Financial Services Limited | Shareholder | Apr 2008 | A | 50% – 75% |
| The Co Operators Group Limited | Holding Co | Apr 2008 | B | 75% or more of Co Operators Financial Services Ltd (indirect) |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.09 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Publication of periodicals or newsletters
- • Educational seminars/workshops
Custody
Reported custodians
- Cibc Mellon Trust Company $14.4B (50% of AUM) Mar 2026
- RBC $2.5B (9% of AUM) Mar 2026
- Fiducie Desjardins Inc. $1.7B (8% of AUM) Jun 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗