Claret Asset Management Corp
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Claret Asset Management Corp reported 303 stock positions worth $631.3 million. Its top holding was North American Construction (NOA) at 7.0% of the portfolio, followed by Cgi (GIB, 7.0%) and Meta Platforms Class A (META, 4.9%). Compared with Q3 2024, it opened 20 new positions, sold out of 50, added to 183 and reduced 82. The biggest buy was a new position in Indivior (INDV) and the biggest sale Cgi (GIB, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001735513
- Portfolio Value
- $631.3M (Q4 2024)
- SEC Filing
- 0001735513-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 303 stocks · $631.3M
| NOA North American Construction | 6.96% | 2,040,138 | $43.9M | Add +1.7% |
| GIB Cgi Inc. | 6.95% | 401,362 | $43.9M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 4.94% | 53,235 | $31.2M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 4.57% | 152,419 | $28.9M | Reduce -1.5% |
| MSFT Microsoft Corp. | 4.57% | 68,371 | $28.8M | Reduce -1.3% |
| OLLI Ollie's Bargain Outlet Holdi | 4.32% | 248,467 | $27.3M | Reduce -0.7% |
| ULTA Ulta Beauty Inc. | 3.68% | 53,444 | $23.2M | Reduce -0.4% |
| OCSL Oaktree Specialty Lending Co. | 3.62% | 1,495,190 | $22.8M | Add +0.9% |
| ABBV Abbvie Inc. | 3.60% | 127,816 | $22.7M | Reduce -2.2% |
| CTSH Cognizant Tech Solutions-A | 2.75% | 225,614 | $17.4M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 2.44% | 259,967 | $15.4M | Reduce -0.8% |
| RY Royal Bank of Canada | 2.43% | 127,061 | $15.3M | Reduce -0.1% |
| QIPT Quipt Home Medical Corp. | 2.16% | 4,470,799 | $13.6M | Reduce -1.7% |
| CVS CVS Health Corp. | 2.15% | 301,743 | $13.5M | Add +10.4% |
| BMY Bristol-Myers Squibb Co. | 1.56% | 174,623 | $9.9M | Add +1.3% |
| UI Ubiquiti Inc. | 1.56% | 29,623 | $9.8M | Reduce -1.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.55% | 154,944 | $9.8M | Reduce -1.5% |
| INDV Indivior Ltd. | 1.47% | 748,486 | $9.3M | New |
| JNJ Johnson & Johnson | 1.44% | 62,692 | $9.1M | Reduce -0.5% |
| C Citigroup Inc. | 1.40% | 125,209 | $8.8M | Reduce -2.2% |
| PYPL PayPal Holdings Inc. | 1.39% | 102,790 | $8.8M | Reduce -7.9% |
| PFE Pfizer Inc. | 1.24% | 295,892 | $7.8M | Add +145.3% |
| GOOG Alphabet Inc. Class C | 1.22% | 40,572 | $7.7M | Reduce -2.4% |
| TD Toronto-Dominion Bank | 1.05% | 124,751 | $6.6M | Add +106.7% |
| TSCO Tractor Supply Company | 0.98% | 116,265 | $6.2M | Reduce -1.8% |
| BCE Bce Inc. | 0.93% | 252,457 | $5.8M | Add +70.3% |
| WMT Walmart Inc. | 0.91% | 63,253 | $5.7M | Reduce -2.3% |
| SHEL Shell PLC-ADR | 0.90% | 90,881 | $5.7M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.83% | 23,915 | $5.3M | Reduce -0.9% |
| QCOM Qualcomm Inc. | 0.82% | 33,877 | $5.2M | Reduce -0.4% |
| SAIC Science Applications Inte | 0.82% | 46,150 | $5.2M | Reduce -10.2% |
| NVDA Nvidia Corp. | 0.75% | 35,187 | $4.7M | Add +2.8% |
| COST Costco Wholesale Corp. | 0.74% | 5,118 | $4.7M | Add +0.1% |
| ESI Element Solutions Inc. | 0.63% | 156,359 | $4.0M | Reduce -1.5% |
| WRN Western Copper and Gold Corp. | 0.62% | 3,698,800 | $3.9M | No change |
| TU Telus Corp. | 0.51% | 237,817 | $3.2M | Add +196.9% |
| ISRG Intuitive Surgical Inc. | 0.47% | 5,730 | $3.0M | Reduce -3.6% |
| DLTR Dollar Tree Inc. | 0.46% | 38,836 | $2.9M | Add +1144.0% |
| KVUE Kenvue Inc. | 0.46% | 135,715 | $2.9M | Add +0.2% |
| GWRS Global Water Resources Inc. | 0.46% | 250,324 | $2.9M | Reduce -1.4% |
| MCK McKesson Corp. | 0.43% | 4,788 | $2.7M | Reduce -1.1% |
| AGRO Adecoagro SA | 0.43% | 287,587 | $2.7M | Reduce -3.1% |
| MFC Manulife Financial Corp. | 0.42% | 86,764 | $2.7M | Reduce -1.4% |
| CAE Cae Inc. | 0.42% | 103,261 | $2.6M | Reduce -3.3% |
| CAH Cardinal Health Inc. | 0.41% | 22,054 | $2.6M | Reduce -0.0% |
| TSLA Tesla Inc. | 0.41% | 6,444 | $2.6M | Add +5.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.41% | 30,212 | $2.6M | Add +314.4% |
| NVT Nvent Electric PLC | 0.34% | 31,284 | $2.1M | Reduce -2.7% |
| CLS Celestica Inc. | 0.32% | 21,848 | $2.0M | New |
| DENN Denny's Corp. | 0.31% | 319,561 | $1.9M | Reduce -24.5% |
| SHW The Sherwin-Williams Co. | 0.29% | 5,448 | $1.9M | Add +0.1% |
| CP Canadian Pacific Kansas City | 0.29% | 25,480 | $1.8M | Reduce -3.2% |
| PARAA Paramount Global Class B | 0.29% | 172,813 | $1.8M | Reduce -58.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 2,893 | $1.7M | Reduce -11.7% |
| SHOP Shopify Inc. Class A | 0.26% | 15,524 | $1.7M | Reduce -4.2% |
| MDT Medtronic PLC | 0.26% | 20,183 | $1.6M | Reduce -4.6% |
| CCJ Cameco Corp. | 0.24% | 29,081 | $1.5M | No change |
| STN Stantec Inc. | 0.23% | 18,398 | $1.4M | Add +0.1% |
| KO The Coca-Cola Co. | 0.22% | 22,568 | $1.4M | Reduce -3.4% |
| NGD New Gold Inc. | 0.22% | 550,000 | $1.4M | No change |
| CNI Canadian Natl Railway Co. | 0.21% | 12,827 | $1.3M | Reduce -1.1% |
| BKE The Buckle Inc. | 0.21% | 25,577 | $1.3M | Reduce -0.4% |
| ZBH Zimmer Biomet Holdings Inc. | 0.19% | 11,507 | $1.2M | Add +0.1% |
| V Visa Inc. Class A | 0.19% | 3,822 | $1.2M | Add +2.1% |
| PHYS Sprott Physical Gold Trust | 0.19% | 59,625 | $1.2M | Reduce -0.0% |
| PBA Pembina Pipeline Corp. | 0.19% | 31,728 | $1.2M | Reduce -1.4% |
| NEM Newmont Corp. | 0.19% | 31,462 | $1.2M | Reduce -7.5% |
| TAP Molson Coors Beverage Co. Class B | 0.18% | 20,068 | $1.1M | Add +0.0% |
| NPK National Presto Inds Inc. | 0.17% | 11,139 | $1.1M | Reduce -3.7% |
| PRMB Primo Brands Corp. | 0.17% | 35,593 | $1.1M | Reduce -0.1% |
| TTWO Take-Two Interactive Softwre | 0.17% | 5,939 | $1.1M | Add +0.1% |
| SANG Sangoma Technologies Corp. | 0.17% | 152,885 | $1.1M | No change |
| TFII Tfi International Inc. | 0.16% | 7,269 | $982K | Reduce -2.2% |
| DSGX The Descartes Systems Grp | 0.15% | 8,544 | $971K | Reduce -2.3% |
| ICLN iShares Global Clean Energy | 0.15% | 81,800 | $931K | Add +13.6% |
| RBA RB Global Inc. | 0.15% | 10,233 | $923K | Add +1.6% |
| WCN Waste Connections Inc. | 0.14% | 5,043 | $865K | Add +0.7% |
| APP AppLovin Corp. Class A | 0.13% | 2,616 | $847K | Add +0.7% |
| PLTR Palantir Technologies Inc. Class A | 0.13% | 11,102 | $840K | Add +16.6% |
| OTEX Open Text Corp. | 0.13% | 28,568 | $809K | Add +0.8% |
| MRK Merck & Co. Inc. | 0.12% | 7,843 | $780K | Reduce -2.3% |
| LOW Lowe's Cos Inc. | 0.12% | 3,157 | $779K | Add +0.5% |
| ZM Zoom Communications Inc. | 0.12% | 9,432 | $770K | Add +0.3% |
| ENB Enbridge Inc. | 0.12% | 17,356 | $736K | Reduce -8.0% |
| JPM JPMorgan Chase & Co. | 0.11% | 2,911 | $698K | Reduce -5.6% |
| VGT Vanguard Info Tech ETF | 0.11% | 1,088 | $677K | No change |
| MA Mastercard Inc. Class A | 0.11% | 1,280 | $674K | Reduce -0.4% |
| TAC Transalta Corp. | 0.11% | 47,677 | $674K | No change |
| EMR Emerson Electric Co. | 0.10% | 5,220 | $647K | No change |
| GOOS Canada Goose Holdings Inc. | 0.10% | 60,642 | $609K | No change |
| VREX Varex Imaging Corp. | 0.09% | 40,444 | $590K | Reduce -12.1% |
| TIXT Telus International Cda Inc. | 0.09% | 141,221 | $555K | No change |
| ROK Rockwell Automation Inc. | 0.09% | 1,933 | $552K | No change |
| MBC Masterbrand Inc. | 0.09% | 37,309 | $545K | Reduce -7.9% |
| CRM Salesforce Inc. | 0.09% | 1,620 | $542K | Add +40.1% |
| GIL Gildan Activewear Inc. | 0.08% | 11,174 | $526K | Reduce -0.6% |
| HD Home Depot Inc. | 0.08% | 1,325 | $516K | Reduce -9.0% |
| SLF Sun Life Financial Inc. | 0.08% | 8,631 | $512K | Reduce -1.9% |
| VOO Vanguard S&P 500 ETF | 0.08% | 917 | $494K | Reduce -5.2% |
| AXON Axon Enterprise Inc. | 0.07% | 758 | $450K | Add +0.5% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 1,000,000 | $927K | New |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 985,000 | $887K | New |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 300,000 | $246K | No change |
Total filed on the 13F, all lines: $633.3M.
Portfolio Sells Q3 2024 → Q4 2024
| GIB Cgi Inc. | Reduce -1.8% | 6.95% | −0.76 |
| ABBV Abbvie Inc. | Reduce -2.2% | 3.60% | −0.63 |
| PARAA Paramount Global Class B | Reduce -58.1% | 0.29% | −0.43 |
| SAIC Science Applications Inte | Reduce -10.2% | 0.82% | −0.36 |
| MSFT Microsoft Corp. | Reduce -1.3% | 4.57% | −0.33 |
| JNJ Johnson & Johnson | Reduce -0.5% | 1.44% | −0.24 |
| META Meta Platforms Inc. Class A | Reduce -3.1% | 4.94% | −0.22 |
| RY Royal Bank of Canada | Reduce -0.1% | 2.43% | −0.18 |
| TSCO Tractor Supply Company | Reduce -1.8% | 0.98% | −0.15 |
| DENN Denny's Corp. | Reduce -24.5% | 0.31% | −0.14 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −0.14 |
| CTSH Cognizant Tech Solutions-A | Reduce -1.0% | 2.75% | −0.14 |
| QCOM Qualcomm Inc. | Reduce -0.4% | 0.82% | −0.12 |
| NEM Newmont Corp. | Reduce -7.5% | 0.19% | −0.11 |
| AGRO Adecoagro SA | Reduce -3.1% | 0.43% | −0.11 |
| SHEL Shell PLC-ADR | Reduce -1.4% | 0.90% | −0.09 |
| ESI Element Solutions Inc. | Reduce -1.5% | 0.63% | −0.08 |
| CP Canadian Pacific Kansas City | Reduce -3.2% | 0.29% | −0.08 |
| GWRS Global Water Resources Inc. | Reduce -1.4% | 0.46% | −0.07 |
| MDT Medtronic PLC | Reduce -4.6% | 0.26% | −0.06 |
| KO The Coca-Cola Co. | Reduce -3.4% | 0.22% | −0.05 |
| CNI Canadian Natl Railway Co. | Reduce -1.1% | 0.21% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -0.9% | 0.83% | −0.04 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.04 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.04 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.04 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.04 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.04 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −0.04 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.7% | 0.27% | −0.04 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -7.9% | 1.39% | −0.04 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.04 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.04 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.04 |
| TFX Teleflex Inc. | Sold out | 0.00% | −0.04 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.04 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.04 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.04 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.04 |
| HOG Harley-Davidson Inc. | Sold out | 0.00% | −0.04 |
| SITE Siteone Landscape Supply Inc. | Sold out | 0.00% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.04 |
| MBC Masterbrand Inc. | Reduce -7.9% | 0.09% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.04 |
| LDOS Leidos Holdings Inc. | Sold out | 0.00% | −0.04 |
| NDSN Nordson Corp. | Sold out | 0.00% | −0.04 |
| CHE Chemed Corp. | Sold out | 0.00% | −0.04 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| INDV Indivior Ltd. | New | 1.47% | +1.47 |
| NOA North American Construction | Add +1.7% | 6.96% | +0.81 |
| PFE Pfizer Inc. | Add +145.3% | 1.24% | +0.67 |
| TD Toronto-Dominion Bank | Add +106.7% | 1.05% | +0.43 |
| DLTR Dollar Tree Inc. | Add +1144.0% | 0.46% | +0.42 |
| CLS Celestica Inc. | New | 0.32% | +0.32 |
| TU Telus Corp. | Add +196.9% | 0.51% | +0.29 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +314.4% | 0.41% | +0.27 |
| TSLA Tesla Inc. | Add +5.0% | 0.41% | +0.15 |
| BMY Bristol-Myers Squibb Co. | Add +1.3% | 1.56% | +0.10 |
| BCE Bce Inc. | Add +70.3% | 0.93% | +0.08 |
| APP AppLovin Corp. Class A | Add +0.7% | 0.13% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +16.6% | 0.13% | +0.07 |
| NVDA Nvidia Corp. | Add +2.8% | 0.75% | +0.07 |
| SPOT Spotify Technology SA | New | 0.05% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | New | 0.04% | +0.04 |
| LULU Lululemon Athletica Inc. | New | 0.04% | +0.04 |
| SNOW Snowflake Inc. | New | 0.04% | +0.04 |
| WFC Wells Fargo & Co. | New | 0.04% | +0.04 |
| JBL Jabil Inc. | New | 0.04% | +0.04 |
| DECK Deckers Outdoor Corp. | New | 0.04% | +0.04 |
| WSM Williams-Sonoma Inc. | New | 0.04% | +0.04 |
| BRBR Bellring Brands Inc. | New | 0.04% | +0.04 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.03% | +0.03 |
| CRM Salesforce Inc. | Add +40.1% | 0.09% | +0.03 |
| CASY Casey's General Stores Inc. | New | 0.03% | +0.03 |
| VMC Vulcan Materials Co. | New | 0.03% | +0.03 |
| MTSI Macom Technology Solutions H | New | 0.03% | +0.03 |
| DKS Dick's Sporting Goods Inc. | New | 0.03% | +0.03 |
| ANSS Ansys Inc. | New | 0.03% | +0.03 |
| NBIX Neurocrine Biosciences Inc. | New | 0.03% | +0.03 |
| BJ Bj's Wholesale Club Holdings | New | 0.03% | +0.03 |
| NWSA News Corp. Class A | New | 0.03% | +0.03 |
| TTWO Take-Two Interactive Softwre | Add +0.1% | 0.17% | +0.02 |
| V Visa Inc. Class A | Add +2.1% | 0.19% | +0.02 |
| AXON Axon Enterprise Inc. | Add +0.5% | 0.07% | +0.02 |
| DOCU Docusign Inc. | Add +0.7% | 0.06% | +0.02 |
| ZM Zoom Communications Inc. | Add +0.3% | 0.12% | +0.01 |
| RBA RB Global Inc. | Add +1.6% | 0.15% | +0.01 |
| AVGO Broadcom Inc. | Add +2.9% | 0.05% | +0.01 |
| TPR Tapestry Inc. | Add +0.7% | 0.05% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +0.7% | 0.06% | +0.01 |
| HUBS HubSpot Inc. | Add +0.4% | 0.05% | +0.01 |
| WBD Warner Bros Discovery Inc. | Add +1.0% | 0.05% | +0.01 |
| EXEL Exelixis Inc. | Add +0.7% | 0.05% | +0.01 |
| DOCS Doximity Inc. Class A | Add +0.8% | 0.06% | +0.01 |
| EXPE Expedia Group Inc. | Add +0.7% | 0.05% | +0.01 |
| NOW ServiceNow Inc. | Add +2.7% | 0.06% | +0.01 |
| WH Wyndham Hotels & Resorts Inc. | Add +0.7% | 0.04% | +0.01 |
| GDDY GoDaddy Inc. Class A | Add +0.7% | 0.04% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | New | 1,000,000 | $927K |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | New | 985,000 | $887K |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | Sold out | 757,002 | $755Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 492 | $919.2M | GOOGL, BRK.B, GIB, AAPL, CVS |
| Q1 2026 | 349 | $831.0M | BRK.B, GOOGL, GIB, AAPL, META |
| Q4 2025 | 378 | $855.5M | BRK.B, GOOGL, GIB, META, MSFT |
| Q3 2025 | 402 | $833.3M | BRK.B, GIB, META, GOOGL, MSFT |
| Q2 2025 | 431 | $768.0M | BRK.B, GIB, META, MSFT, NOA |
| Q1 2025 | 210 | $503.7M | BRK.B, NOA, OLLI, AAPL, ABBV |
| Q4 2024 | 303 | $631.3M | NOA, GIB, META, GOOGL, MSFT |
| Q3 2024 | 333 | $609.7M | GIB, NOA, META, MSFT, ABBV |
| Q2 2024 | 248 | $559.6M | GIB, NOA, MSFT, GOOGL, META |
| Q1 2024 | 210 | $593.6M | NOA, GIB, MSFT, META, ABBV |