Carney Portfolio Equal-weighted basket · Indexed at 100 from Mar 14, 2025

19 public positions · 5 private holdings · PM swearing-in baseline
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Figures as of 2026-07-30. Static snapshot — not live.
Since Mar 14, 2025
Since Mar 14, 2025
Portfolio minus SPY
Started at 100.00

Portfolio vs S&P 500 — Indexed at 100

Relative Performance (Portfolio ÷ SPY × 100)

Public Positions — Individual Returns

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Private & Illiquid Holdings — Valuation Estimates

Holding Type Est. Value Methodology Note
Stripe Inc.
~US$160B (Feb 2026 secondary market)
Board Director Equity US$5M – $25M Typical board director grant (0.003–0.015% of company) at current valuation. Share count not disclosed. IPO speculative but possible. Secondary access via Forge/Hiive/Nasdaq Private Market.
BGTF I Carried Interest
$15B fund, deployed 2022–2024, matures 2032–34
20% carry on profits above 8% hurdle US$5M – $50M (Carney's share of carry pool) Conservative (10% gross return): ~$60M carry pool. Base (15%): ~$210M pool. Upside (20%): ~$360M pool. Carney's share estimated 5–15% of pool based on seniority. Brookfield COO confirmed eligibility but quantum has never been disclosed. This is the most important unknown.
Partners Value Investments LP
~$25–30/unit (thinly traded)
Co-investment fund units (TSX: PVF-UN.TO) Undisclosed Unit count not disclosed. Available to senior Brookfield insiders only. Float is extremely thin. Any significant secondary block sale would be a meaningful signal.
Westinghouse Electric
Acq. 2023 for ~US$7.9B; est. US$10–12B today (nuclear premium)
Indirect — held in BGTF I (Brookfield ~51% owner) Exposure via BGTF I carry Not a direct holding. Carney's exposure flows through his BGTF I carried interest. Tradeable proxy: CCJ (Cameco) or BN. Darlington SMR ($2B federal commitment) is the clearest policy/personal-interest alignment.
NorthRiver Midstream + Colonial Pipeline
NorthRiver: ~US$1.1B (2019 acq.) · Colonial: ~US$9B (2025 acq.)
Indirect — held by Brookfield Infrastructure Partners (BIP) Exposure via BN / BIP Held by BIP, not by Carney directly. Exposure flows through his BN DSUs and BAM options. Neither entity is on his 103-entity conflict screen. Colonial Pipeline acquisition may not trigger mandatory recusal — a significant governance gap flagged by critics.

All private estimates are illustrative ranges based on public information, comparable transactions, and typical compensation structures. Actual values are unknown. Not investment advice. Sources: CIEC disclosure (July 2025), CBC, Globe & Mail, Brookfield filings, CarneyWatch.ca.