Institutional Manager · CIK 0001505817
Fiera Capital Corp
MONTREAL, A8 · File #028-14036
Latest AUM
$31.53B
Positions
682
Top-10 Concentration
43.7%
Filings
14
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ALPHABET INC | GOOG | -4,606,260 | -$1.44B | +$357.6M |
| REDUCE | MASTERCARD INCORPORATED | MA | -1,104,367 | -$630.5M | +$2.6M |
| REDUCE | JOHNSON & JOHNSON | JNJ | -1,644,508 | -$340.3M | +$40.1M |
| REDUCE | MSCI INC | MSCI | -548,403 | -$314.6M | +$4.5M |
| REDUCE | VANGUARD INDEX FDS | 922908363 | -490,079 | -$307.3M | +$7.2M |
| ADD | ROGERS COMMUNICATIONS INC | RCIAF | +7,116,744 | +$268.7M | +$268,160 |
| ADD | PEPSICO INC | PEP | +1,759,446 | +$252.5M | +$688,706 |
| REDUCE | METTLER TOLEDO INTERNATIONAL | MTD | -180,230 | -$251.3M | +$40.0M |
| REDUCE | GRACO INC | GGG | -2,787,816 | -$228.5M | -$9.3M |
| REDUCE | COPART INC | CPRT | -5,458,290 | -$213.7M | -$36.3M |
Sector Allocation
Filing History
- 13F COMBINATION REPORTQ/E Dec 2025682 pos · $31.53B
- 13F COMBINATION REPORTQ/E Sep 2025685 pos · $30.94B
- 13F COMBINATION REPORTQ/E Jun 2025694 pos · $29.50B
- 13F COMBINATION REPORTQ/E Mar 2025712 pos · $27.68B
- 13F COMBINATION REPORTQ/E Dec 2024684 pos · $31.76B
- 13F COMBINATION REPORTQ/E Sep 2024683 pos · $33.25B
- 13F COMBINATION REPORT (Amended)Q/E Sep 2024670 pos · $32.26B
- 13F COMBINATION REPORT (Amended)Q/E Jun 2024708 pos · $34.31B
- 13F COMBINATION REPORT (Amended)Q/E Jun 2024730 pos · $31.25B
- 13F COMBINATION REPORT (Amended)Q/E Jun 2024741 pos · $32.57B
- 13F COMBINATION REPORT (Amended)Q/E Jun 2024669 pos · $31.96B
- 13F COMBINATION REPORTQ/E Jun 2024669 pos · $31.80B
- 13F COMBINATION REPORTQ/E Mar 2024740 pos · $34.31B
- 13F COMBINATION REPORTQ/E Dec 2023762 pos · $31.25B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 4,452,821 | $1.39B | 7.06% |
| 2 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 4,359,711 | $1.32B | 6.71% |
| 3 | MICROSOFT CORP | MSFT | 2,434,937 | $1.18B | 5.96% |
| 4 | MOODYS CORP | MCO | 1,745,302 | $891.6M | 4.51% |
| 5 | ROYAL BK CDA | 780087102 | 4,539,315 | $774.1M | 3.92% |
| 6 | MASTERCARD INCORPORATED | MA | 1,239,566 | $707.6M | 3.58% |
| 7 | AUTOZONE INC | AZO | 196,921 | $667.9M | 3.38% |
| 8 | CANADIAN NATL RY CO | 136375102 | 5,849,169 | $578.7M | 2.93% |
| 9 | TJX COS INC NEW | 872540109 | 3,713,882 | $570.5M | 2.89% |
| 10 | CME GROUP INC | CME | 1,978,368 | $540.3M | 2.74% |
| 11 | BANK MONTREAL QUE | 063671101 | 3,981,598 | $517.3M | 2.62% |
| 12 | CGI INC | GIB | 5,394,446 | $498.4M | 2.52% |
| 13 | WASTE CONNECTIONS INC | WCN | 2,764,876 | $485.1M | 2.46% |
| 14 | RESTAURANT BRANDS INTL INC | 76131D103 | 6,835,522 | $466.6M | 2.36% |
| 15 | CANADIAN PACIFIC KANSAS CITY | CP | 6,206,969 | $457.1M | 2.31% |
| 16 | RB GLOBAL INC | RBA | 4,157,985 | $428.2M | 2.17% |
| 17 | SHERWIN WILLIAMS CO | SHW | 1,318,092 | $427.1M | 2.16% |
| 18 | INVESCO QQQ TR | IVZ | 679,301 | $417.3M | 2.11% |
| 19 | MSCI INC | MSCI | 704,317 | $404.1M | 2.05% |
| 20 | JOHNSON & JOHNSON | JNJ | 1,762,014 | $364.6M | 1.85% |