Canadian General Investments, Limited $(CGI)$ has released its unaudited investment update, reporting a net asset value per share $(NAV)$ of $70.37 as of June 30, 2025. This reflects year-to-date and 12-month NAV returns, with dividends reinvested, of 2.3% and 14.3%, respectively. These returns are compared to the 10.2% and 26.4% returns of the benchmark S&P/TSX Composite Index for the same periods. The company has implemented a leveraging strategy through bank borrowing, aiming to enhance returns for common shareholders. As of June 30, 2025, leverage accounted for 13.6% of CGI's net assets, a slight decrease from 13.8% at the end of 2024, but an increase from 13.4% at the same time in 2024. The closing price for CGI's common shares on June 30, 2025, was $39.00, resulting in year-to-date and 12-month share price returns, including dividends reinvested, of -2.3% and 11.6%, respectively. The sector weightings of CGI's investment portfolio at market value as of June 30, 2025, showed Information Technology leading at 23.3%, followed by Industrials at 21.1% and Financials at 14.1%. Other sectors included Materials at 13.1%, Energy at 12.3%, Consumer Discretionary at 9.5%, Real Estate at 3.9%, Cash & Cash Equivalents at 2.1%, and Communication Services at 0.6%. The top ten investments, making up 37.0% of the portfolio, included NVIDIA Corporation at 4.9%, Celestica Inc. at 4.5%, WSP Global Inc. and Franco-Nevada Corporation both at 3.9%, Canadian Pacific Kansas City Limited at 3.7%, Dollarama Inc. at 3.6%, The Descartes Systems Group Inc. and Mastercard Incorporated both at 3.3%, Shopify Inc. at 3.0%, and Apple Inc. at 2.9%.
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