Our Investments Valued At More Than $100 Million

We annually disclose individual investments that exceed $100 million. Even though $100 million represents  less than 0.1% of our total fund, we choose it as a reporting threshold to give plan members and others greater insight into the diversity of our asset base.

As Responsible Investors, we invest broadly by asset type and geographic region in our search to earn the best risk-adjusted returns for plan members.

All data as at December 31, 2013

Fixed Income and Short-term Investments Over $100 Million

Type Maturity Coupon
(%)
Fair Value
($ millions)
Cost
($ millions)
Securities purchased under agreements to resell 2014-2015 -0.4-2.43 $ 21,851 $ 21,692
Government of Canada bonds 2014-2045 0.75-9.25 21,494 21,046
Canada treasury bills 2014-2014 0.00-0.00 7,407 7,396 
Provincial bonds 2015-2045 0.00-8.50 6,724 6,977
International corporate bonds 2014-2099 0.00-19.03 3,096 3,107
Canadian corporate bonds 2014-2108 0.00-14.00 1,229 1,256
Bank notes 2014-2014 0.00-0.95 799 797
United States agency bonds 2014-2023 0.35-5.48 451 433
United States treasury bills 2014-2014 0.00-0.00 139 136
International sovereign debt 2015-2060 0.70-12.00 (617)  (579)
United States treasury bonds 2015-2043 0.25-6.25 (7,580) (8,602)
Securities sold under agreements to repurchase 2014-2014 -0.05-2.56 (37,875) (37,957)

Real-Return Investments Over $100 Million

Type Maturity Coupon
(%)
Fair Value
($ millions)
Cost
($ millions)
Real-return Canada bonds 2021-2047 1.25-4.25 $ 14,863 $13,065
United States treasury inflation protection 2014-2043 0.13-3.88 8,221 7,954
Real-return Canada corporate bonds 2016-2046 0.00-5.33 1,871 836
Real-return Provincial bonds 2021-2036 2.00-4.50 1,730 1,243
Real-return international bonds 2016-2062 0.1-5.95 218 208
Index-linked mortgages 2023-2030 4.63-5.53 134 119

Corporate Shares/Units Over $100 Million

Security Name Shares
(millions)
Fair Value
($ millions)
iShares MSCI Emerging Markets Index 34.7 $1,533.5
Multiplan Empreendimentos Imobiliarios S.A. 54.8 1,236.7
Hudson's Bay Company* 30.7 558.5
Canadian Natural Resources Limited 12.7 458.6
Micheal Kors Holdings Limited 4.2 365.5
Bank of America Corporation  21.6 357.7
Hitachi, Ltd. 43.5 350.0
Apple Inc. 0.6 345.6
Airbus Group N.V.  3.9 317.9
Microsoft Corporation 7.8 311.2
Nissan Shatai Co., Ltd. 20.0  309.0
Wells Fargo & Company*  7.0  308.4
Nippon Telegraph and Telephone Corporation  5.0 285.9
Samsung Electronics Co., Ltd. 0.2  280.8
Volkswagen AG  0.9 260.7
JPMorgan Chase & Co.*  4.1 255.3
Lafarge S.A. 3.2 251.9
General Motors Company 5.8  250.4
Daimler AG  2.7 249.3
CSX Corporation 8.0 246.0
Google Inc.  0.2 241.3
TMX Group Limited 4.6 237.0
The Bank of New York Mellon Corporation 5.6  207.9
Capital One Financial Corporation* 2.6 206.2
Grupo BTG Pactual  16.6  205.9
The Walt Disney Company  2.5 203.1
Constellium N.V. 8.0 197.2
Credit Suisse Group AG 6.0  194.1
Vodafone Group Plc 44.6 188.7
Metlife, Inc. 3.3 186.7
Thermo Fisher Scientific Inc. 1.6 184.3
Akzo Nobel N.V.  2.2 183.2
ACE Limited 1.7 182.4
CNH Industrial N.V. 14.7 177.9
Chesapeake Energy Corporation  6.2 177.6
RTL Group S.A.  1.3 175.0
Sanofi-Aventis 1.5 173.9
Toronto-Dominion Bank, The  2.4 171.0
Sprint Corporation 14.9 170.1
Macdonald, Dettwiler and Associates Ltd.  2.1 169.4
Idea Cellular Limited 58.8 168.6
Novartis AG 1.9 164.0
Cemex Latam Holdings SA 20.0 163.0
Royal Bank of Canada 2.2 159.2
Western Digital Corporation 1.8 157.6
Nordea Bank AB 10.7 153.9
NuVista Energy Ltd. 21.5 153.3
Twenty-First Century Fox, Inc. 4.1 152.2
FedEx Corporation 1.0 150.1
General Electric Company 5.0 149.6
Koninklijke KPN N.V. 43.0 147.7
American International Group, Inc. 2.7 146.2
General Mills, Inc. 2.7 145.6
Aircastle Limited 6.9  140.2
SunTrust Banks, Inc.*  3.6 137.2
TripAdvisor, Inc.  1.5 136.0
Viacom Inc. 1.5 135.0
The Dow Chemical Company 2.8 134.5
Amazon.com, Inc. 0.3 132.5
Koninklijke (Royal) Philips Electionics N.V. 3.4 132.3
Continental AG  0.6 130.8
Shriram Transport Finance Company Ltd. 11.3  130.7
BNP Paribas S.A. 1.6 129.1
Telecom Italia S.p.A. 120.7 127.4
Holcim Ltd 1.6 126.7
Bank of Nova Scotia 1.9 124.5
Daiwa Securities Group Inc. 11.7  124.5
MMX Mineracao e Metalicos S.A. 113.7  124.4
Baidu, Inc. 0.7 124.2
Cheung Kong (Holdings) Limited  7.4 123.8
Republic Services, Inc.  3.5 122.7
Nestlé S.A. 1.6 121.6
DBS Group Holdings Ltd. 8.4 121.4
DIRECTV 1.6 120.0
Ivanhoe Mines Ltd.  64.1 119.9
Aurizon Holdings Limited 25.2  116.7
The Travelers Companies, Inc. 1.2 114.0
Loews Corporation 2.2 112.3
Total S.A. 1.7 110.1
Tencent Holdings Limited 1.6 107.9
Ferrovial, S.A. 5.2 106.6
Canadian National Railway Company  1.7 105.1
Exxon Mobil Corporation 0.9 101.9
Nokia Corporation 11.9 101.8
Applied Materials, Inc.  5.4 101.5
HSBC Holdings plc 8.7 101.4
Hewlett-Packard Company 3.4 100.2

*Includes fair market value of warrants and subscription receipts.

Real Estate Properties Over $100 Million

Property Total Square Footage
(thousands)
Effective % Ownership

Canadian Regional Shopping Centres
 
Champlain Place, Dieppe 670 100%
Chinook Centre, Calgary 1,215 100%
Fairview Mall, Toronto 876 50%
Fairview Park Mall, Kitchener 746 100%
Fairview Pointe Claire, Montreal 1,053 50%
Le Carrefour Laval, Montreal 1,293 100%
Les Galeries D'Anjou, Montreal 1,145 50%
Les Promenades St. Bruno, Montreal 1,136 100%
Lime Ridge Mall, Hamilton 806 100%
Market Mall, Calgary 971 50%
Markville Shopping Centre, Markham 1,013 100%
Masonville Place, London 687 100%
Pacific Centre, Vancouver 797 100%
Polo Park Mall, Winnipeg 1,232 100%
Richmond Centre, Richmond 777 50%
Rideau Centre, Ottawa 1,149 100%
Sherway Gardens, Toronto 980 100%
Shops at Don Mills, Toronto 469 100%
The Promenade, Toronto  705 100%
Toronto-Dominion Centre Retail, Toronto 157 100%
Toronto Eaton Centre, Toronto 1,730 100%

Canadian Office Properties
   
635 8th Avenue, Calgary 275 100%
Encor Place, Calgary 359 100%
Granville Square, Vancouver 402 100%
HSBC Building, Vancouver 395 100%
Pacific Centre Office Complex, Vancouver 1,532 100%
PricewaterhouseCoopers Place, Vancouver 241 100%
RBC Centre, Toronto 1,226 50%
Shell Centre, Calgary 692 100%
Simcoe Place, Toronto 759 25%
Toronto-Dominion Centre Office Complex, Toronto 4,101 100%
Toronto Eaton Centre Office Complex, Toronto 1,897 100%
Waterfront Centre, Vancouver 410 100%
Yonge Corporate Centre, Toronto 669 100%

U.S. Regional Shopping Centres
   
Lakewood Mall, Lakewood, California 2,115 49%
Los Cerritos Center, Cerritos, California 1,327 49%
Queens Center, Queens, New York 942 49%
Stonewood Center, Downey, California 920 49%
Washington Square, Tigard, Oregon 1,317 49%

U.K. Office Properties
   
Thomas More Square Estate, London 568 50%

Properties Under Development
   
Deloitte Tower, Montreal n/a 100%
City Centre Office, Calgary n/a 100%
Ice Residential, Toronto n/a 50%

Private Companies and Partnerships Over $100 Million

  • 360buy Jingdong Inc.
  • Acorn Care and Education Limited
  • Actera Partners L.P.
  • Alexander Forbes Limited
  • Alliance Laundry Systems, LLC
  • ANV Holdings BV
  • Apollo Overseas Partners (Delaware 892) VI, L.P.
  • Apollo Overseas Partners (Delaware 892) VII, L.P.
  • AQR Offshore Multi-Strategy Fund VII Ltd.
  • Aquiline Financial Services Fund (Offshore) L.P.
  • ARC Energy Fund 5 Canadian Limited Partnership
  • Ares Corporate Opportunities Fund III, L.P.
  • Asia Opportunity Fund III, L.P.
  • Autonomy Global Macro Fund Limited
  • Avaya Inc.
  • Baybridge Seniors Housing Inc.
  • BC European Capital IX LP
  • BC European Capital VIII-1
  • BDCM Intermediate Company A
  • BDCM Offshore Opportunity Fund II, Ltd
  • Birmingham International Airport
  • Blue Coat Systems, Inc.
  • Bridgewater Pure Alpha Fund II Ltd.
  • Bristol Airports (Bermuda) Limited
  • BroadStreet Capital Partners, Inc.
  • Burton's Biscuit Company
  • Busy Bees Benefits Holdings Limited
  • Camelot Group plc
  • Canada Guaranty Mortgage Insurance Company
  • Copenhagen Airport A/S
  • Coway Holdings, Inc.
  • CPG International Inc.
  • DaVinciRe Holdings Ltd.
  • Dematic S.A.
  • Downsview Managed Account Platform Inc.
  • Easton-Bell Sports, LLC
  • Empresa de Servicios Sanitarios del Bio-Bio S.A.
  • Esval S.A.
  • Exal International Limited
  • Flexera Holdings, L.P.
  • Fortress Macro Fund Ltd.
  • FountainVest China Growth Fund, L.P.
  • GCT Global Container Terminals Inc.
  • GMO Mean Reversion Fund (Offshore) L.P.
  • Gottex Real Asset Fund, L.P.
  • Grupo Corporativo Ono, S.A.
  • Hancock Timber Resource Group
  • Heartland Dental Care, Inc.
  • Helly Hansen Group AS
  • HS1 Limited
  • Hudson Catastrophe Fund, Ltd.
  • HUGO BOSS AG
  • Imperial Parking Corporation
  • INC Research, Inc.
  • Insight Pharmaceuticals LLC
  • IntelSat, Ltd.
  • InterGen N.V.
  • ISS A/S
  • Kepos Alpha Fund Ltd.
  • Kyobo Life Insurance Co., Ltd.
  • Laricina Energy Ltd.
  • LMAP ETA Limited
  • Manabi Holding S.A.
  • Maple Financial Group Inc.
  • MBK Partners Fund II, L.P.
  • MBK Partners, L.P.
  • Mitra Energy Limited
  • Munchkin, Inc.
  • MW Market Neutral TOPS Fund
  • NBCG Greenwich Sub-Fund
  • NBCG Lock Sub-Fund
  • NBCG Mason Sub-Fund
  • NBCG Oxford Sub-Fund
  • NBCG Sherwood Sub-Fund
  • NBCG Sonata Sub-Fund
  • NBCG Thor Sub-Fund
  • NBCG Valkyrie Sub-Fund
  • Nextgen Group Holdings Pty Limited
  • Northern Star Generation LLC
  • Nuevosur, S.A.
  • NXT Capital Holdings, L.P.
  • OLE Media Management, L.P.
  • Orbis SICAV Global Equity Fund
  • PAG Asia I LP
  • Park Square Capital Partners, L.P.
  • Permira IV L.P. 2
  • Plano Molding Company
  • Providence Equity Partners V L.P.
  • Providence Equity Partners VI L.P.
  • Q9 Networks Inc.
  • Quinte Limited
  • Resource Management Service Inc.
  • Rhône Offshore Partners III L.P.
  • Scotia Gas Networks plc
  • SeaCube Container Leasing Ltd.
  • Serta Simmons Holdings, LLC
  • Silver Creek Special Opportunities Fund Cayman III, L.P.
  • Silver Lake Partners III, L.P.
  • Sociedad Austral de Electricidad S.A.
  • Sydney Desalination Plant Pty Limited
  • TDR Capital II, L.P.
  • Terranum Corporate Properties
  • The Brussels Airport Company
  • The Eclectica Fund
  • TP Partners Fund, L.P.
  • Trez Capital Corporation
  • Univision Communications Inc.
  • ValueAct Capital International II, L.P.
  • Weyburn Unit
  • York Street Mezzanine Partners II, L.P.
  • Zalando GmbH