Fiera Capital Corp
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Fiera Capital Corp reported 452 stock positions worth $31.8 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 6.2% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Alphabet Class A (GOOGL, 5.7%). Compared with Q3 2024, it opened 27 new positions, sold out of 31, added to 150 and reduced 228. The biggest buy was MSCI (MSCI, shares +5%) and the biggest sale Unitedhealth (UNH, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001505817
- Portfolio Value
- $31.8B (Q4 2024)
- SEC Filing
- 0001085146-25-000603 ↗ filed Jan 29, 2025
Holdings Value
Holdings 452 stocks · $31.8B
| TSM Taiwan Semiconductor-SP ADR | 6.18% | 9,943,064 | $2.0B | Reduce -10.6% |
| MSFT Microsoft Corp. | 5.96% | 4,493,702 | $1.9B | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 5.73% | 9,605,412 | $1.8B | Reduce -2.8% |
| MCO Moody's Corp. | 4.53% | 3,038,153 | $1.4B | Reduce -4.1% |
| AZO AutoZone Inc. | 4.09% | 406,025 | $1.3B | Reduce -4.0% |
| MA Mastercard Inc. Class A | 3.97% | 2,392,141 | $1.3B | Reduce -5.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.80% | 7,356,951 | $888.8M | Reduce -7.3% |
| UNH Unitedhealth Group Inc. | 2.57% | 1,612,780 | $815.8M | Reduce -9.1% |
| CME Cme Group Inc. | 2.42% | 3,305,808 | $767.7M | Add +0.1% |
| SHW The Sherwin-Williams Co. | 2.38% | 2,225,651 | $756.6M | Reduce -3.3% |
| ORCL Oracle Corp. | 2.31% | 4,398,056 | $732.9M | Reduce -9.1% |
| MSCI MSCI Inc. | 2.17% | 1,148,615 | $689.2M | Add +4.5% |
| OTIS Otis Worldwide Corp. | 1.92% | 6,596,755 | $610.9M | Reduce -4.4% |
| CNI Canadian Natl Railway Co. | 1.80% | 5,624,594 | $570.6M | Add +2.6% |
| RY Royal Bank of Canada | 1.76% | 4,633,210 | $558.0M | Reduce -2.6% |
| PEP Pepsico Inc. | 1.68% | 3,506,171 | $533.1M | Add +4.2% |
| GGG Graco Inc. | 1.56% | 5,859,916 | $493.9M | Reduce -4.6% |
| CARR Carrier Global Corp. | 1.55% | 7,227,508 | $493.3M | Reduce -4.6% |
| GIB Cgi Inc. | 1.48% | 4,291,285 | $469.0M | Reduce -2.1% |
| JNJ Johnson & Johnson | 1.42% | 3,127,719 | $452.3M | Reduce -3.1% |
| MTD Mettler-Toledo International | 1.35% | 349,865 | $428.1M | Reduce -4.1% |
| SPGI S&P Global Inc. | 1.32% | 838,798 | $417.7M | Add +1.0% |
| CP Canadian Pacific Kansas City | 1.29% | 5,661,661 | $409.5M | Reduce -2.6% |
| TRI Thomson Reuters Corp. | 1.26% | 2,497,767 | $400.6M | Reduce -7.0% |
| WCN Waste Connections Inc. | 1.23% | 2,280,382 | $390.8M | Reduce -2.2% |
| QQQ Invesco QQQ Trust Series 1 | 1.16% | 719,746 | $368.0M | Add +3.5% |
| HDB HDFC Bank Ltd.-ADR | 1.16% | 5,761,361 | $367.9M | Reduce -0.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.13% | 3,701,814 | $359.0M | Add +7.2% |
| BDX Becton Dickinson and Co. | 1.00% | 1,398,339 | $317.2M | Reduce -13.3% |
| RBA RB Global Inc. | 0.91% | 3,216,507 | $290.0M | Add +4.0% |
| DSGX The Descartes Systems Grp | 0.91% | 2,542,875 | $288.7M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 0.85% | 499,775 | $269.3M | Add +0.8% |
| QSR Restaurant Brands Intern | 0.76% | 3,695,647 | $240.6M | Reduce -1.3% |
| ALC Alcon Inc. filed as ALCON AG | 0.69% | 2,569,431 | $218.1M | Add +1.5% |
| TU Telus Corp. | 0.69% | 16,078,308 | $218.1M | Reduce -4.8% |
| TD Toronto-Dominion Bank | 0.66% | 3,961,047 | $210.6M | Reduce -32.0% |
| LOW Lowe's Cos Inc. | 0.62% | 798,020 | $197.0M | Reduce -4.0% |
| V Visa Inc. Class A | 0.61% | 610,999 | $193.1M | Reduce -1.3% |
| STN Stantec Inc. | 0.60% | 2,431,078 | $190.5M | Reduce -2.5% |
| LIN Linde PLC | 0.59% | 446,865 | $187.1M | Reduce -5.8% |
| ADBE Adobe Inc. | 0.58% | 411,054 | $182.8M | Add +1.3% |
| AON Aon PLC Class A | 0.56% | 497,294 | $178.6M | Add +2.6% |
| ADI Analog Devices Inc. | 0.48% | 715,933 | $152.1M | Reduce -3.7% |
| FDS Factset Research Systems Inc. | 0.43% | 285,443 | $137.1M | Reduce -2.0% |
| TW Tradeweb Markets Inc. Class A | 0.43% | 1,040,867 | $136.3M | Add +10.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.36% | 467,347 | $115.5M | Reduce -2.2% |
| IT Gartner Inc. | 0.35% | 231,363 | $112.1M | Add +10.9% |
| ZTS Zoetis Inc. | 0.33% | 644,414 | $105.0M | Add +9.4% |
| TYL Tyler Technologies Inc. | 0.32% | 175,943 | $101.5M | Reduce -2.1% |
| AMZN Amazon.com Inc. | 0.31% | 450,113 | $98.8M | Add +12.2% |
| FTNT Fortinet Inc. | 0.31% | 1,042,009 | $98.4M | Add +14.4% |
| BWXT BWX Technologies Inc. | 0.30% | 868,922 | $96.8M | Reduce -2.4% |
| ARGX Argenx SE - ADR | 0.30% | 155,260 | $95.5M | Reduce -1.9% |
| SNPS Synopsys Inc. | 0.30% | 196,391 | $95.3M | Add +33.8% |
| GDDY GoDaddy Inc. Class A | 0.29% | 466,453 | $92.1M | Reduce -24.4% |
| CNQ Canadian Natural Resources | 0.29% | 2,968,001 | $91.5M | Reduce -4.0% |
| CL Colgate-Palmolive Co. | 0.28% | 992,234 | $90.2M | Reduce -0.0% |
| TPR Tapestry Inc. | 0.28% | 1,363,053 | $89.0M | Reduce -2.3% |
| HEI.A Heico Corp. Class A | 0.28% | 476,928 | $88.7M | Add +11.5% |
| EXPE Expedia Group Inc. | 0.27% | 465,818 | $86.8M | Reduce -1.9% |
| NKE Nike Inc. Class B | 0.27% | 1,122,874 | $85.0M | Reduce -4.5% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 155,552 | $80.9M | Add +11.2% |
| HUBS HubSpot Inc. | 0.25% | 112,337 | $78.3M | Reduce -2.8% |
| CPRT Copart Inc. | 0.24% | 1,350,510 | $77.5M | Add +219.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 132,235 | $77.5M | Add +10.1% |
| EME Emcor Group Inc. | 0.24% | 168,531 | $76.5M | Reduce -2.3% |
| VEEV Veeva Systems Inc. Class A | 0.24% | 357,767 | $75.2M | Add +11.9% |
| GTLB Gitlab Inc. Class A | 0.22% | 1,230,253 | $69.3M | Reduce -2.3% |
| APH Amphenol Corp. Class A | 0.22% | 990,538 | $68.8M | Add +13.5% |
| SF Stifel Financial Corp. | 0.21% | 643,447 | $68.3M | Reduce -2.2% |
| NBIX Neurocrine Biosciences Inc. | 0.21% | 499,109 | $68.1M | Reduce -3.4% |
| DECK Deckers Outdoor Corp. | 0.21% | 335,112 | $68.1M | Reduce -1.8% |
| WING Wingstop Inc. | 0.21% | 237,003 | $67.4M | Reduce -2.4% |
| COST Costco Wholesale Corp. | 0.21% | 72,818 | $66.7M | Reduce -7.4% |
| NYT New York Times Co. Class A | 0.20% | 1,230,367 | $64.0M | Reduce -2.3% |
| H Hyatt Hotels Corp. Class A | 0.19% | 390,620 | $61.3M | Reduce -1.7% |
| IDXX Idexx Laboratories Inc. | 0.18% | 141,198 | $58.4M | Add +12.3% |
| ANSS Ansys Inc. | 0.18% | 168,992 | $57.0M | Add +8.8% |
| CW Curtiss-Wright Corp. | 0.18% | 158,387 | $56.2M | Reduce -2.2% |
| MANH Manhattan Associates Inc. | 0.18% | 207,785 | $56.2M | Reduce -2.2% |
| ENTG Entegris Inc. | 0.17% | 541,697 | $53.7M | Reduce -2.5% |
| MUSA Murphy USA Inc. | 0.17% | 106,074 | $53.2M | Reduce -2.1% |
| SU Suncor Energy Inc. | 0.17% | 1,487,324 | $53.0M | Reduce -4.1% |
| CHWY Chewy Inc. Class A | 0.17% | 1,567,421 | $52.5M | Reduce -1.7% |
| WTFC Wintrust Financial Corp. | 0.17% | 420,379 | $52.4M | Reduce -2.2% |
| ROL Rollins Inc. | 0.17% | 1,130,540 | $52.4M | Add +32.3% |
| HUBB Hubbell Inc. | 0.16% | 124,809 | $52.3M | Reduce -2.1% |
| PCOR Procore Technologies Inc. | 0.16% | 688,261 | $51.6M | Reduce -2.8% |
| MDB Mongodb Inc. | 0.16% | 219,044 | $51.0M | Reduce -3.0% |
| LII Lennox International Inc. | 0.16% | 81,753 | $49.8M | Reduce -2.1% |
| AOS Smith (a.o.) Corp. | 0.15% | 715,372 | $48.8M | Reduce -2.4% |
| SLF Sun Life Financial Inc. | 0.15% | 814,772 | $48.3M | Reduce -2.6% |
| HLI Houlihan Lokey Inc. | 0.15% | 277,467 | $48.2M | Reduce -2.2% |
| LSCC Lattice Semiconductor Corp. | 0.15% | 848,334 | $48.1M | Reduce -2.1% |
| DOCU Docusign Inc. | 0.15% | 532,802 | $47.9M | New |
| FSV Firstservice Corp. | 0.15% | 258,848 | $46.8M | Add +24.1% |
| WST West Pharmaceutical Services | 0.15% | 140,893 | $46.2M | Add +13.2% |
| BSY Bentley Systems Inc. Class B | 0.14% | 953,246 | $44.5M | Add +13.2% |
| FROG Jfrog Ltd. | 0.14% | 1,510,187 | $44.4M | Reduce -2.4% |
| SWTX Springworks Therapeutics Inc. | 0.14% | 1,219,189 | $44.0M | Reduce -3.1% |
Portfolio Sells Q3 2024 → Q4 2024
| UNH Unitedhealth Group Inc. | Reduce -9.1% | 2.57% | −0.55 |
| TD Toronto-Dominion Bank | Reduce -32.0% | 0.66% | −0.45 |
| MTD Mettler-Toledo International | Reduce -4.1% | 1.35% | −0.30 |
| CARR Carrier Global Corp. | Reduce -4.6% | 1.55% | −0.28 |
| SHW The Sherwin-Williams Co. | Reduce -3.3% | 2.38% | −0.26 |
| OTIS Otis Worldwide Corp. | Reduce -4.4% | 1.92% | −0.23 |
| CP Canadian Pacific Kansas City | Reduce -2.6% | 1.29% | −0.21 |
| ORCL Oracle Corp. | Reduce -9.1% | 2.31% | −0.17 |
| BDX Becton Dickinson and Co. | Reduce -13.3% | 1.00% | −0.17 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.17 |
| TU Telus Corp. | Reduce -4.8% | 0.69% | −0.17 |
| RNR Renaissancere Holdings Ltd. | Reduce -98.0% | 0.00% | −0.16 |
| JNJ Johnson & Johnson | Reduce -3.1% | 1.42% | −0.15 |
| MIDD Middleby Corp. | Reduce -98.9% | 0.00% | −0.14 |
| APLS Apellis Pharmaceuticals Inc. | Sold out | 0.00% | −0.12 |
| TRI Thomson Reuters Corp. | Reduce -7.0% | 1.26% | −0.12 |
| WING Wingstop Inc. | Reduce -2.4% | 0.21% | −0.09 |
| LIN Linde PLC | Reduce -5.8% | 0.59% | −0.09 |
| IRTC Irhythm Holdings Inc. | Sold out | 0.00% | −0.09 |
| GGG Graco Inc. | Reduce -4.6% | 1.56% | −0.06 |
| LOW Lowe's Cos Inc. | Reduce -4.0% | 0.62% | −0.06 |
| QSR Restaurant Brands Intern | Reduce -1.3% | 0.76% | −0.06 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.05 |
| NKE Nike Inc. Class B | Reduce -4.5% | 0.27% | −0.04 |
| AOS Smith (a.o.) Corp. | Reduce -2.4% | 0.15% | −0.04 |
| GIB Cgi Inc. | Reduce -2.1% | 1.48% | −0.04 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.04 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.04 |
| BLD Topbuild Corp. | Reduce -2.4% | 0.13% | −0.04 |
| ADI Analog Devices Inc. | Reduce -3.7% | 0.48% | −0.04 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.03 |
| RY Royal Bank of Canada | Reduce -2.6% | 1.76% | −0.03 |
| FRO Frontline PLC | Sold out | 0.00% | −0.03 |
| NDSN Nordson Corp. | Reduce -2.4% | 0.13% | −0.03 |
| IDYA Ideaya Biosciences Inc. | Reduce -8.2% | 0.10% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -0.0% | 0.28% | −0.03 |
| DHR Danaher Corp. | Reduce -4.4% | 0.12% | −0.03 |
| WCN Waste Connections Inc. | Reduce -2.2% | 1.23% | −0.02 |
| MDB Mongodb Inc. | Reduce -3.0% | 0.16% | −0.02 |
| RNAM Avidity Biosciences Inc. | Reduce -7.0% | 0.04% | −0.02 |
| STNG Scorpio Tankers Inc. | Reduce -4.5% | 0.05% | −0.02 |
| BCE Bce Inc. | Reduce -67.9% | 0.01% | −0.02 |
| VKTX Viking Therapeutics Inc. | Reduce -7.5% | 0.03% | −0.02 |
| CNQ Canadian Natural Resources | Reduce -4.0% | 0.29% | −0.02 |
| ENTG Entegris Inc. | Reduce -2.5% | 0.17% | −0.02 |
| BCO The Brink's Co. | Reduce -8.1% | 0.06% | −0.02 |
| PBA Pembina Pipeline Corp. | Reduce -6.7% | 0.13% | −0.02 |
| BORR Borr Drilling Ltd. | Sold out | 0.00% | −0.02 |
| AVNT Avient Corp. | Reduce -2.8% | 0.08% | −0.02 |
| OPCH Option Care Health Inc. | Reduce -5.9% | 0.05% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| MSCI MSCI Inc. | Add +4.5% | 2.17% | +0.24 |
| CME Cme Group Inc. | Add +0.1% | 2.42% | +0.22 |
| BMO Bank of Montreal | Add +7.2% | 1.13% | +0.19 |
| CPRT Copart Inc. | Add +219.0% | 0.24% | +0.18 |
| RBA RB Global Inc. | Add +4.0% | 0.91% | +0.16 |
| DOCU Docusign Inc. | New | 0.15% | +0.15 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.5% | 1.16% | +0.14 |
| FTNT Fortinet Inc. | Add +14.4% | 0.31% | +0.10 |
| AMZN Amazon.com Inc. | Add +12.2% | 0.31% | +0.09 |
| BLDR Builders Firstsource Inc. | New | 0.09% | +0.09 |
| TW Tradeweb Markets Inc. Class A | Add +10.8% | 0.43% | +0.08 |
| SNPS Synopsys Inc. | Add +33.8% | 0.30% | +0.08 |
| BILL Bill Holdings Inc. | New | 0.08% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +0.8% | 0.85% | +0.06 |
| AON Aon PLC Class A | Add +2.6% | 0.56% | +0.06 |
| PRCT Procept Biorobotics Corp. | New | 0.06% | +0.06 |
| IWO iShares Russell 2000 Growth | Add +824.0% | 0.06% | +0.06 |
| DOCS Doximity Inc. Class A | New | 0.05% | +0.05 |
| APH Amphenol Corp. Class A | Add +13.5% | 0.22% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.1% | 0.24% | +0.04 |
| VEEV Veeva Systems Inc. Class A | Add +11.9% | 0.24% | +0.04 |
| IT Gartner Inc. | Add +10.9% | 0.35% | +0.04 |
| ROL Rollins Inc. | Add +32.3% | 0.17% | +0.04 |
| WST West Pharmaceutical Services | Add +13.2% | 0.15% | +0.03 |
| FSV Firstservice Corp. | Add +24.1% | 0.15% | +0.03 |
| UFPT Ufp Technologies Inc. | New | 0.03% | +0.03 |
| ANSS Ansys Inc. | Add +8.8% | 0.18% | +0.03 |
| SPGI S&P Global Inc. | Add +1.0% | 1.32% | +0.02 |
| CAE Cae Inc. | Add +17.3% | 0.05% | +0.02 |
| ATS Ats Corp. | Add +23.3% | 0.07% | +0.02 |
| HEI.A Heico Corp. Class A | Add +11.5% | 0.28% | +0.02 |
| CBZ Cbiz Inc. | Add +14.7% | 0.05% | +0.02 |
| LAUR Laureate Education Inc. | Add +51.8% | 0.04% | +0.02 |
| BKNG Booking Holdings Inc. | Add +17.4% | 0.05% | +0.01 |
| ANET Arista Networks Inc. | Add +11.7% | 0.05% | +0.01 |
| DDOG Datadog Inc. Class A | Add +25.4% | 0.04% | +0.01 |
| META Meta Platforms Inc. Class A | Add +17.3% | 0.07% | +0.01 |
| SNOW Snowflake Inc. | New | 0.01% | +0.01 |
| POOL Pool Corp. | Add +120.0% | 0.02% | +0.01 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.01% | +0.01 |
| PYPL PayPal Holdings Inc. | New | 0.01% | +0.01 |
| BSY Bentley Systems Inc. Class B | Add +13.2% | 0.14% | +0.01 |
| LNG Cheniere Energy Inc. | Add +10.7% | 0.04% | +0.01 |
| ADSK Autodesk Inc. | New | 0.01% | +0.01 |
| AXP American Express Co. | Add +18.3% | 0.04% | +0.01 |
| RJF Raymond James Financial Inc. | Add +18.8% | 0.02% | +0.01 |
| MSI Motorola Solutions Inc. | Add +12.0% | 0.05% | +0.01 |
| DAL Delta Air Lines Inc. | Add +25.8% | 0.02% | +0.01 |
| GRMN Garmin Ltd. | New | 0.01% | +0.01 |
| ACN Accenture PLC Class A | Add +11.6% | 0.06% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 401 | $27.6B | TSM, GOOGL, MSFT, MCO, MA |
| Q1 2026 | 412 | $29.2B | TSM, GOOGL, MSFT, MCO, MA |
| Q4 2025 | 417 | $31.5B | GOOGL, TSM, MSFT, MCO, MA |
| Q3 2025 | 436 | $30.9B | TSM, MSFT, GOOGL, AZO, MCO |
| Q2 2025 | 439 | $29.5B | MSFT, TSM, GOOGL, MCO, AZO |
| Q1 2025 | 461 | $27.7B | MSFT, TSM, AZO, GOOGL, MCO |
| Q4 2024 | 452 | $31.8B | TSM, MSFT, GOOGL, MCO, AZO |
| Q3 2024 | 456 | $33.3B | MSFT, TSM, GOOGL, MCO, AZO |
| Q2 2024Amended | 445 | $32.3B | MSFT, TSM, GOOGL, MCO, AZO |
| Q1 2024Amended | 476 | $34.3B | MSFT, TSM, GOOGL, MCO, AZO |