0001361974-26-000007.txt : 20260515 0001361974-26-000007.hdr.sgml : 20260515 20260515130703 ACCESSION NUMBER: 0001361974-26-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20260331 FILED AS OF DATE: 20260515 DATE AS OF CHANGE: 20260515 EFFECTIVENESS DATE: 20260515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Beutel, Goodman & Co Ltd. CENTRAL INDEX KEY: 0001361974 ORGANIZATION NAME: EIN: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11939 FILM NUMBER: 26985113 BUSINESS ADDRESS: STREET 1: 20 EGLINTON AVENUE WEST STREET 2: SUITE 2000 CITY: TORONTO STATE: A6 ZIP: M4R 1K8 BUSINESS PHONE: 416-485-1010 MAIL ADDRESS: STREET 1: 20 EGLINTON AVENUE WEST STREET 2: SUITE 2000 CITY: TORONTO STATE: A6 ZIP: M4R 1K8 FORMER COMPANY: FORMER CONFORMED NAME: Beutel, Goodman & CO Ltd. DATE OF NAME CHANGE: 20060505 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false true false 0001361974 XXXXXXXX 03-31-2026 03-31-2026 Beutel, Goodman & Co Ltd.
20 EGLINTON AVENUE WEST SUITE 2000 TORONTO A6 M4R 1K8
13F HOLDINGS REPORT 028-11939 N
Michal Pomotov CCO & General Counsel 416-480-6461 Michal Pomotov Toronto A6 05-15-2026 0 170 14751822 false
INFORMATION TABLE 2 Q126_AF13_securities.xml Q1 2026 13F 3M Company Common 88579Y101 2591 17845 SH SOLE 17845 0 0 Abbott Lab Common 002824100 2522 24570 SH SOLE 24570 0 0 Accenture PLC Shs Class A G1151C101 2903 14645 SH SOLE 14645 0 0 Agnico-Eagle Mines Ltd. Common 008474108 7928 39187 SH SOLE 39187 0 0 Alamos Gold Class A 011532108 67646 1525351 SH SOLE 1458509 0 66842 Algonquin Power & Utilities Common 015857105 1484 243220 SH SOLE 243220 0 0 Alphabet Class C 02079K107 4360 15202 SH SOLE 15202 0 0 Alphabet Inc. Cl A Cap STK Cl A 02079K305 2470 8590 SH SOLE 8590 0 0 Altria Group Common 02209S103 1187 18000 SH SOLE 18000 0 0 Amazon Common 023135106 77 371 SH SOLE 371 0 0 Amdocs Ltd Ordinary G02602103 344846 5284195 SH SOLE 4948843 0 335352 American Express Co Common 025816109 201004 664522 SH SOLE 635604 0 28918 Ameriprise Financial Common 03076C106 293109 659562 SH SOLE 626675 0 32887 Amgen Inc Common 031162100 228462 649319 SH SOLE 621530 0 27789 Apple Common 037833100 10558 41602 SH SOLE 41602 0 0 Applied Materials Common 038222105 152016 444766 SH SOLE 424791 0 19975 ATS Corp Common 00217Y104 153259 5454749 SH SOLE 5341780 0 112969 Bank of America Corp. Common 060505104 24 500 SH SOLE 500 0 0 Bank of Montreal Common 063671101 418798 3101868 SH SOLE 3053185 0 48683 Bank of Nova Scotia Common 064149107 10948 158376 SH SOLE 158376 0 0 BCE Com New 05534B760 173 6905 SH SOLE 6905 0 0 Becton Dickinson & Co Common 075887109 151443 963199 SH SOLE 892514 0 70685 Berkshire Hathaway Inc. Cl. B Cl B New 084670702 124 260 SH SOLE 260 0 0 BHP Group Spons ADS 088606108 14 200 SH SOLE 200 0 0 BlackRock Common 09290D101 137990 143485 SH SOLE 137628 0 5857 Boyd Group Services Common 103310108 219313 1723423 SH SOLE 1630021 0 93402 Brookfield Asset Management Class A Ltd Vtg 113004105 229978 5189113 SH SOLE 5109851 0 79262 Brookfield Business Corporation Cl A Sub Vtg Sh 113006100 28566 908525 SH SOLE 868864 0 39661 Brookfield Corporation Cl A Ltd Vt Sh 11271J107 160679 3977934 SH SOLE 3909519 0 68415 Brookfield Infrastructure Corporation-NEW Com Sub Vtg A 11276H106 38 987 SH SOLE 987 0 0 Brookfield Infrastructure Partners L.P. LP INT UNIT G16252101 515 14273 SH SOLE 14273 0 0 Brookfield Renewable Cl A Ex Sub Vtg 11285B108 559 14073 SH SOLE 14073 0 0 Brookfield Renewable Partners Partnership Unit G16258108 11195 344295 SH SOLE 344295 0 0 Brookfield Wealth Solutions Ltd. Cl A Exchangeab G17434104 4 106 SH SOLE 106 0 0 CAE Inc Common 124765108 161653 6228487 SH SOLE 5878838 0 349649 Canadian Imperial Bk Common 136069101 18629 197192 SH SOLE 197192 0 0 Canadian Natural Resources Ltd. Common 136385101 195064 4011532 SH SOLE 3947543 0 63989 Canadian Pacific Kansas City Common 13646K108 322532 4111721 SH SOLE 4044069 0 67652 Carlyle Group Common 14316J108 73504 1518992 SH SOLE 1446191 0 72801 Cdn Natl Railway Common 136375102 247843 2415690 SH SOLE 2284394 0 131296 Cencora Common 03073E105 59816 190412 SH SOLE 183259 0 7153 Cenovus Energy Common 15135U109 2526 95506 SH SOLE 95506 0 0 CGI Group Cl A Sub Vtg 12532H104 271914 3731273 SH SOLE 3542893 0 188380 Chevron Corporation Common 166764100 494 2390 SH SOLE 2390 0 0 Chubb Limited Common H1467J104 377108 1157024 SH SOLE 1072374 0 84650 Cisco Systems Common 17275R102 7872 101460 SH SOLE 101460 0 0 Citigroup Com New 172967424 17 150 SH SOLE 150 0 0 Colgate Palmolive Common 194162103 93 1100 SH SOLE 1100 0 0 Colliers Intl Sub Vtg 194693107 216604 2032428 SH SOLE 1909395 0 123033 Comcast Corp Common 20030N101 273760 9535358 SH SOLE 8819593 0 715765 Consumer Staples Select Sector SPDR SBI CONS STPLS 81369Y308 0 10 SH SOLE 10 0 0 Corning Inc. Common 219350105 445 3275 SH SOLE 3275 0 0 CostCo Wholesale Common 22160K105 3087 3099 SH SOLE 3099 0 0 Cummins Inc Common 231021106 174131 323652 SH SOLE 307658 0 15994 CVS Health Common 126650100 421 5865 SH SOLE 5865 0 0 Deere & Co. Common 244199105 28 50 SH SOLE 50 0 0 Denison Mines Corp Common 248356107 13203 3737515 SH SOLE 3573682 0 163833 Diageo PLC Spons ADR New 25243Q205 2148 28860 SH SOLE 28860 0 0 Docebo Common 25609L105 27284 1561781 SH SOLE 1493342 0 68439 Eaton Corporation PLC SHS G29183103 3005 8403 SH SOLE 8403 0 0 Ebay Inc Common 278642103 389313 4277227 SH SOLE 4088189 0 189038 Ecolab Inc. Common 278865100 53 200 SH SOLE 200 0 0 Elevance Health Common 036752103 259588 886724 SH SOLE 846887 0 39837 Emera Common 290876101 14259 275963 SH SOLE 275963 0 0 Emerson Electric Common 291011104 685 5230 SH SOLE 5230 0 0 Enbridge Inc. Common 29250N105 3364 62267 SH SOLE 62267 0 0 Enerflex Ltd. Common 29269R105 2 100 SH SOLE 100 0 0 Eupraxia Pharmaceuticals Common 29842P105 26377 3666465 SH SOLE 3505843 0 160622 Exxon Mobil Corp. Common 30231G102 254 1503 SH SOLE 1503 0 0 Flowserve Corp Common 34354P105 147573 2007525 SH SOLE 1907734 0 99791 Fortis Inc Common 349553107 220894 3972034 SH SOLE 3911908 0 60126 Franco Nevada Corp Common 351858105 148414 601308 SH SOLE 592510 0 8798 Gen Digital Common 668771108 195594 10387394 SH SOLE 9874995 0 512399 GFL Environmental Sub Vtg Shs 36168Q104 276001 6637498 SH SOLE 6523806 0 113692 Gildan Activewear Common 375916103 189749 3418154 SH SOLE 3358931 0 59223 GSK PLC Spons ADR 37733W204 586 10630 SH SOLE 10630 0 0 Health Care Select Sector SPDR SBI HEALTHCARE 81369Y209 337 2302 SH SOLE 2302 0 0 Home Depot Common 437076102 55 168 SH SOLE 168 0 0 Honeywell Intl. Common 438516106 4883 21605 SH SOLE 21605 0 0 IBM Corp. Common 459200101 50 210 SH SOLE 210 0 0 Imperial Oil Com New 453038408 3764 28835 SH SOLE 28835 0 0 Invesco Aerospace & Defense ETF ETF 46137V100 8 50 SH SOLE 50 0 0 Invesco QQQ Trust Unit Ser 1 46090E103 176 305 SH SOLE 305 0 0 Invesco S&P 500 Equal Weight Energy ETF ETF 46137V365 19 175 SH SOLE 175 0 0 iShares Core S&P 500 ETF CORE S&P500 ETF 464287200 1208 1849 SH SOLE 1849 0 0 iShares MBS ETF MBS ETF 464288588 25 270 SH SOLE 270 0 0 iShares MSCI EAFE ETF ETF 464287465 3670 37794 SH SOLE 37794 0 0 iShares Select Dividend ETF ETF 464287168 29 195 SH SOLE 195 0 0 iShares US Healthcare ETF ETF 464287762 28 460 SH SOLE 460 0 0 Johnson & Johnson Common 478160104 9324 38146 SH SOLE 38146 0 0 Johnson Controls International SHS G51502105 8815 67320 SH SOLE 67320 0 0 JPMorgan Chase & Co. Common 46625H100 9236 31400 SH SOLE 31400 0 0 Kimberly Clark Corp Common 494368103 177684 1841866 SH SOLE 1750227 0 91639 Magna Intl Inc Common 559222401 44 800 SH SOLE 800 0 0 Magnum Ice Cream Company Ord Shs N5505D105 14648 979815 SH SOLE 979815 0 0 Manulife Fincl Corp Common 56501R106 347422 10117802 SH SOLE 9955427 0 162375 Marsh & McLennan Common 571748102 135251 779770 SH SOLE 741085 0 38685 Masco Common 574599106 191158 3166441 SH SOLE 2894145 0 272296 MasterCard Incorporated CL A 57636Q104 12 25 SH SOLE 25 0 0 McDonald's Corp. Common 580135101 38 125 SH SOLE 125 0 0 MDA Space Common 55293N109 48753 1930691 SH SOLE 1846111 0 84580 Medtronic PLC Common G5960L103 387253 4469174 SH SOLE 4168070 0 301104 Merck& Co Inc Common 58933Y105 364465 3029891 SH SOLE 2794659 0 235232 Meta Platforms CL A 30303M102 2 5 SH SOLE 5 0 0 Microsoft Common 594918104 10939 29552 SH SOLE 29552 0 0 Mondelez Int'l Inc. 'A' CL A 609207105 1445 25075 SH SOLE 25075 0 0 Morgan Stanley Com New 617446448 82 500 SH SOLE 500 0 0 NeoGenomics Inc. Com New 64049M209 0 50 SH SOLE 50 0 0 NetApp Common 64110D104 372951 3642465 SH SOLE 3395358 0 247107 Newmont Mining Corp. Common 651639106 433 4000 SH SOLE 4000 0 0 Nike CL B 654106103 0 1 SH SOLE 1 0 0 Novartis Sponsored ADR 66987V109 2875 18824 SH SOLE 18824 0 0 Novo Nordisk ADR ADR 670100205 2120 57713 SH SOLE 57713 0 0 Nutrien Common 67077M108 278503 3701225 SH SOLE 3641997 0 59228 NVIDIA Common 67066G104 23 132 SH SOLE 132 0 0 Omnicom Group Common 681919106 310914 4128466 SH SOLE 3928851 0 199615 Oneok Inc. Common 682680103 9 100 SH SOLE 100 0 0 Open Text Corp Common 683715106 113698 5118468 SH SOLE 5035708 0 82760 Pembina Pipeline Corp. Common 706327103 9960 223236 SH SOLE 223236 0 0 PepsiCo Inc Common 713448108 3619 23305 SH SOLE 23305 0 0 Pfizer Inc. Common 717081103 30 1100 SH SOLE 1100 0 0 PNC Financial Services Group Common 693475105 10 50 SH SOLE 50 0 0 PPG Industries Common 693506107 396751 3712117 SH SOLE 3450380 0 261737 Procter & Gamble Common 742718109 1949 13495 SH SOLE 13495 0 0 Qualcomm Common 747525103 310138 2408283 SH SOLE 2256991 0 151292 RB Global Common 74935Q107 164885 1724806 SH SOLE 1697085 0 27721 Restaurant Brands International Class B Non VTG 76131D103 376073 5098410 SH SOLE 4879091 0 219319 Rogers Communications Common 775109200 363849 9491032 SH SOLE 9104181 0 386851 Royal Bank Cda ADR (2 ORD) 780087102 581046 3605831 SH SOLE 3495624 0 110207 SAP SE ADR Spons ADR 803054204 128 750 SH SOLE 750 0 0 SEI Investments Common 784117103 139139 1773154 SH SOLE 1685747 0 87407 Sherwin Williams Co. Common 824348106 160 500 SH SOLE 500 0 0 Smith & Nephew Common 83175M205 1390 43745 SH SOLE 43745 0 0 Solstice Advanced Materials Com Shs 83443Q103 365 4795 SH SOLE 4795 0 0 Solventum Corp Com Shs 83444M101 0 12 SH SOLE 12 0 0 Somnigroup International Common 88023U101 416 5635 SH SOLE 5635 0 0 South Bow Corp. Common 83671M105 0 10 SH SOLE 10 0 0 SPDR Portfolio S&P 500 Growth ETF 78464A409 25600 261658 SH SOLE 261658 0 0 SPDR S&P 500 ETF Trust ETF 78462F103 118 182 SH SOLE 182 0 0 Sprott Physical Gold T/U UNIT 85207H104 1401 39500 SH SOLE 39500 0 0 Sprott Physical Silver T/U TR UNIT 85207K107 2255 92500 SH SOLE 92500 0 0 Sun Life Fncl Inc Common 866796105 181543 2907092 SH SOLE 2862834 0 44258 Suncor Energy Common 867224107 269430 4086562 SH SOLE 4022201 0 64361 Sysco Common 871829107 128910 1807237 SH SOLE 1726615 0 80622 Taiwan Semiconductor Manufacturing Spons ADS 874039100 3401 10065 SH SOLE 10065 0 0 TC Energy Common 87807B107 235840 3778289 SH SOLE 3720446 0 57843 TE Connectivity Ltd. Ord Shs G87052109 5 25 SH SOLE 25 0 0 TELUS Common 87971M103 2336 182371 SH SOLE 182371 0 0 Tesla Motors Inc. Common 88160R101 83 225 SH SOLE 225 0 0 Thermo Fisher Scientific Inc. Common 883556102 1160 2360 SH SOLE 2360 0 0 Thomson Reuters Corp-NEW Common 884903808 5388 59891 SH SOLE 59891 0 0 TJX companies Common 872540109 159 1000 SH SOLE 1000 0 0 Toronto Dominion Bk Common 891160509 687391 7383692 SH SOLE 7149485 0 234207 Triple Flag Precious Metals Common 89679M104 41313 1193676 SH SOLE 1141852 0 51824 Unilever plc Spon ADR New 904767803 534 9382 SH SOLE 9382 0 0 Union Pacific Corp. Common 907818108 258635 1066009 SH SOLE 1018611 0 47398 United Health Group Inc. Common 91324P102 4 18 SH SOLE 18 0 0 Verizon Communications Common 92343V104 2025 40345 SH SOLE 40345 0 0 Versant Media Group Inc COM CL A 925283103 30 837 SH SOLE 837 0 0 Visa Inc COM CL A 92826C839 47 157 SH SOLE 157 0 0 Wabash National Corp. Common 929566107 6 700 SH SOLE 700 0 0 WABTEC CORP Common 929740108 412087 1648944 SH SOLE 1567626 0 81318 Wal-Mart Stores Common 931142103 2161 17393 SH SOLE 17393 0 0 Walt Disney Common 254687106 1301 13500 SH SOLE 13500 0 0 Waste Connections Common 94106B101 12 76 SH SOLE 76 0 0 Waste Management Inc Common 94106L109 183 800 SH SOLE 800 0 0 Wells Fargo Common 949746101 163042 2048015 SH SOLE 1962090 0 85925 Western Copper & Gold Corp. Common 95805V108 37 14790 SH SOLE 14790 0 0 Wheaton Precious Metals Corp. Common 962879102 457 3500 SH SOLE 3500 0 0 VANGUARD RUSSELL 1000 VAL ETF VNG RUS1000IDX 92206C714 1 16 SH SOLE 16 0 0