UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2023
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Beutel, Goodman & Co Ltd.
Address:
20 EGLINTON AVENUE WEST
SUITE 2000
TORONTO, A6 M4R 1K8
Form 13F File Number:
028-11939

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Michal Pomotov
Title:
CCO & General Counsel
Phone:
416-480-6461


Signature, Place, and Date of Signing:

Michal Pomotov
                         [Signature]
Toronto, ONTARIO, CANADA
                 [City, State]
02-09-2024
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
76
Form 13F Information table Value Total:
18854119
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Alamos Gold InClass A01153210876,9135,691,268SHSOLE5,462,983 0 228,285
AlphabetClass C02079K107115820SHSOLE820 0 0
Amdocs LtdOrdinaryG02602103353,6054,023,274SHSOLE3,846,029 0 177,245
American Express CoCommon025816109387,3922,067,858SHSOLE1,957,656 0 110,202
Ameriprise FinancialCommon03076C106276,080726,854SHSOLE693,066 0 33,788
Amgen IncCommon031162100452,0921,569,657SHSOLE1,493,634 0 76,023
ATS CorpCommon00217Y10450,4921,165,819SHSOLE1,119,834 0 45,985
Bank of MontrealCommon063671101572,3035,755,777SHSOLE5,567,484 0 188,293
Bank of Nova ScotiaCommon064149107169,0933,456,839SHSOLE3,333,639 0 123,200
BCECom New05534B76016409SHSOLE409 0 0
Berkshire HathawayClass A0846701085421SHSOLE1 0 0
BiogenCommon09062X103257,594995,456SHSOLE949,576 0 45,880
BlackRockCommon09247X101294,667362,981SHSOLE343,701 0 19,280
Brookfield Asset MgtClass A Ltd Vtg113004105279,3876,922,224SHSOLE6,719,112 0 203,112
Brookfield Business PartnersCl A Exc Sub Vtg11259V10612,737544,090SHSOLE503,170 0 40,920
Brookfield Business PartnersUnit LTD LPG1623410918,072871,290SHSOLE861,620 0 9,670
Brookfield CorporationCl A Ltd Vt Sh11271J107375,4489,314,511SHSOLE9,040,810 0 273,701
Brookfield Renewable PartnersPartnership UnitG16258108291,125SHSOLE1,125 0 0
BRP IncCom Sun Vtg05577W200273,2053,799,288SHSOLE3,670,768 0 128,520
CAE IncCommon124765108264,69412,203,732SHSOLE11,716,387 0 487,345
Campbell Soup CoCommon134429109227,1965,255,528SHSOLE5,012,380 0 243,148
Canadian Imperial BkCommon1360691011032,140SHSOLE2,140 0 0
Canadian Pacific Kansas CityCommon13646K108393,7584,952,410SHSOLE4,784,676 0 167,734
Carlyle GroupCommon14316J108175,7694,319,731SHSOLE4,122,801 0 196,930
Cdn Natl RailwayCommon136375102603,6764,779,390SHSOLE4,601,992 0 177,398
CencoraCommon03073E105136,717665,679SHSOLE634,463 0 31,216
CGI GroupCl A Sub Vtg12532H104282,9432,628,314SHSOLE2,520,014 0 108,300
Colliers IntlSub Vtg194693107264,0252,077,228SHSOLE1,988,444 0 88,784
Comcast CorpCommon20030N101248,0105,655,875SHSOLE5,407,556 0 248,319
Cummins IncCommon231021106223,899934,590SHSOLE882,872 0 51,718
Denison Mines CorpCommon24835610718,44510,483,740SHSOLE10,037,585 0 446,155
Ebay IncCommon278642103209,4404,801,482SHSOLE4,546,072 0 255,410
EnerflexCommon29269R1056,1241,317,316SHSOLE1,261,259 0 56,057
Flowserve CorpCommon34354P105275,9476,694,510SHSOLE6,378,700 0 315,810
Fortis IncCommon349553107393,6149,521,561SHSOLE9,255,336 0 266,225
Franco Nevada CorpCommon35185810590,941817,033SHSOLE786,713 0 30,320
Gen DigitalCommon668771108299,65313,131,161SHSOLE12,524,231 0 606,930
GentexCommon371901109198,6506,082,375SHSOLE5,799,570 0 282,805
GSK PLCSpons ADR37733W20448313,050SHSOLE13,050 0 0
Harley Davidson IncCommon412822108280,9597,626,487SHSOLE7,273,750 0 352,737
Interpublic Group of CompaniesCommon460690100233,4257,151,520SHSOLE6,816,255 0 335,265
iShares MSCI EAFE ETFETF4642874653,11441,346SHSOLE41,346 0 0
KellanovaCommon487836108273,5044,891,869SHSOLE4,675,234 0 216,635
Kimberly Clark CorpCommon494368103277,8682,286,796SHSOLE2,167,651 0 119,145
Magna Intl IncCommon559222401495,7848,350,250SHSOLE8,047,444 0 302,806
Manulife Fincl CorpCommon56501R106549,48224,745,499SHSOLE23,935,871 0 809,628
MascoCommon574599106302,5494,517,018SHSOLE4,276,363 0 240,655
Merck& Co IncCommon58933Y105264,9852,430,612SHSOLE2,299,706 0 130,906
MicrosoftCommon594918104154411SHSOLE411 0 0
NetAppCommon64110D104384,3394,359,564SHSOLE4,156,109 0 203,455
Novartis AGSponsored ADR66987V1094404,365SHSOLE4,365 0 0
NutrienCommon67077M108236,9714,185,813SHSOLE4,048,411 0 137,402
Omnicom Group IncCommon681919106363,1484,197,767SHSOLE3,972,682 0 225,085
Open Text CorpCommon683715106365,8008,661,252SHSOLE8,375,575 0 285,677
Parker Hannifin CorpCommon701094104115,943251,668SHSOLE239,813 0 11,855
Polaris IndustriesCommon731068102210,3532,219,618SHSOLE2,117,648 0 101,970
PPG IndustriesCommon69350610761,088408,481SHSOLE389,521 0 18,960
Primo Water CorporationCommon74167P10825,4611,682,010SHSOLE1,614,670 0 67,340
QualcommCommon747525103410,6842,839,554SHSOLE2,696,769 0 142,785
RB GlobalCommon74935Q107469,5436,982,516SHSOLE6,751,001 0 231,515
Restaurant Brands InternationalClass B Non VTG76131D103479,4166,106,042SHSOLE5,874,409 0 231,633
Rogers CommunicationsCommon775109200548,47111,659,118SHSOLE11,234,779 0 424,339
Royal Bank CdaADR (2 ORD)7800871021,123,28411,053,454SHSOLE10,660,321 0 393,133
SEI InvestmentsCommon784117103255,4694,019,979SHSOLE3,831,189 0 188,790
Smith & NephewCommon83175M20543515,970SHSOLE15,970 0 0
SPDR Portfolio S&P 500 GrowthETF78464A40924,263372,652SHSOLE372,652 0 0
Sun Life Fncl IncCommon866796105516,0129,901,262SHSOLE9,535,062 0 366,200
Suncor Energy IncCommon867224107435,51113,528,059SHSOLE13,081,574 0 446,485
TC EnergyCommon87807B107538,23113,711,585SHSOLE13,215,930 0 495,655
Telus CorpCommon87971M103 0 40SHSOLE40 0 0
Tempur Sealy InternationalCommon88023U101241,3174,734,496SHSOLE4,517,481 0 217,015
Toronto Dominion BkCommon891160509948,18914,602,695SHSOLE14,075,418 0 527,277
Triple Flag Precious MetalsCommon89679M10433,2052,482,110SHSOLE2,382,980 0 99,130
Unilever plcSpon ADR New9047677043046,280SHSOLE6,280 0 0
Westinghouse Air Brake TechnologiesCommon929740108206,8191,629,785SHSOLE1,553,615 0 76,170
WK KelloggCommon92942W10713,7301,044,910SHSOLE998,886 0 46,024