Onex Canada Asset Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Onex Canada Asset Management Inc. reported 111 stock positions worth $834.2 million. Its top holding was Aon Class A (AON) at 6.6% of the portfolio, followed by Apollo Global Management (APO, 5.9%) and Microsoft (MSFT, 3.7%). Compared with Q3 2024, it opened 4 new positions, sold out of 4, added to 16 and reduced 89. The biggest buy was a new position in First Advantage (FA) and the biggest sale KBR (KBR, shares −53%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0000905790
Portfolio Value
$834.2M (Q4 2024)
SEC Filing
0001104659-25-013955 ↗ filed Feb 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $877.7M Q2 2024 Q3 2024: $854.6M Q3 2024 Q4 2024: $834.2M $834.2M Q4 2024 Q1 2025: $776.2M Q1 2025 Q2 2025: $820.0M Q2 2025 Q3 2025: $791.6M Q3 2025 Q4 2025: $720.5M Q4 2025 Q1 2026: $601.1M Q1 2026 Q2 2026: $649.3M Q2 2026

Holdings 111 stocks · $834.2M
AON Aon PLC Class A 6.62% 153,825 $55.2M Add +9.1%
APO Apollo Global Management Inc. 5.89% 297,657 $49.2M Reduce -9.9%
MSFT Microsoft Corp. 3.71% 73,465 $31.0M No change
AAPL Apple Inc. 3.58% 119,400 $29.9M Reduce -4.3%
SPGI S&P Global Inc. 3.32% 55,673 $27.7M Add +7.8%
GOOGL Alphabet Inc. Class A 3.15% 137,831 $26.2M Reduce -0.2%
AMZN Amazon.com Inc. 3.01% 114,356 $25.1M Reduce -0.8%
NVDA Nvidia Corp. 2.76% 171,539 $23.0M Reduce -0.8%
META Meta Platforms Inc. Class A 2.67% 38,016 $22.3M Reduce -18.9%
UBER Uber Technologies Inc. 2.63% 363,179 $21.9M Add +25.3%
GOOG Alphabet Inc. Class C 2.38% 104,103 $19.8M Reduce -4.7%
BRK.A Berkshire Hathaway Inc. Class A 2.12% 26 $17.7M Reduce -10.3%
ARMK Aramark 2.05% 459,262 $17.1M Reduce -23.5%
BUR Burford Capital Ltd. 1.88% 1,226,906 $15.6M Reduce -4.6%
RBA RB Global Inc. 1.79% 165,430 $14.9M Reduce -9.5%
UNH Unitedhealth Group Inc. 1.72% 28,310 $14.3M Reduce -15.4%
MRSH Marsh & McLennan Cos 1.67% 65,690 $14.0M Reduce -17.5%
AVGO Broadcom Inc. 1.64% 58,982 $13.7M Reduce -1.9%
GIL Gildan Activewear Inc. 1.53% 271,012 $12.8M Reduce -5.5%
TD Toronto-Dominion Bank 1.37% 215,139 $11.5M Add +43.1%
SHOP Shopify Inc. Class A 1.24% 97,135 $10.3M Reduce -9.8%
JPM JPMorgan Chase & Co. 1.22% 42,585 $10.2M Reduce -6.7%
BN Brookfield Corp. 1.18% 171,153 $9.8M Reduce -18.5%
RY Royal Bank of Canada 1.15% 79,796 $9.6M Reduce -9.3%
FA First Advantage Corp. 1.09% 484,722 $9.1M New
NOW ServiceNow Inc. 1.08% 8,526 $9.0M Reduce -0.6%
MA Mastercard Inc. Class A 1.02% 16,108 $8.5M Reduce -0.6%
UNP Union Pacific Corp. 0.97% 35,645 $8.1M Reduce -0.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.97% 184,836 $8.1M Reduce -9.8%
HLT Hilton Worldwide Holdings Inc. 0.94% 31,771 $7.9M Reduce -1.4%
ENB Enbridge Inc. 0.88% 173,331 $7.4M Reduce -12.2%
V Visa Inc. Class A 0.87% 23,088 $7.3M Reduce -0.6%
PH Parker Hannifin Corp. 0.86% 11,225 $7.1M Reduce -1.9%
KBR KBR Inc. 0.85% 122,905 $7.1M Reduce -53.0%
GPK Graphic Packaging Holding Co. 0.85% 260,496 $7.1M Add +231.6%
XOM Exxon Mobil Corp. 0.85% 65,652 $7.1M Reduce -8.2%
PG The Procter & Gamble Co. 0.77% 38,330 $6.4M Reduce -0.8%
TMO Thermo Fisher Scientific Inc. 0.76% 12,191 $6.3M Add +3.7%
CBRE CBRE Group Inc. Class A 0.75% 47,411 $6.2M Reduce -0.7%
MFC Manulife Financial Corp. 0.74% 202,123 $6.2M Reduce -9.5%
MASI Masimo Corp. 0.73% 37,061 $6.1M Add +156.9%
NFLX Netflix Inc. 0.72% 6,766 $6.0M Reduce -0.7%
CME Cme Group Inc. 0.71% 25,494 $5.9M Reduce -2.9%
BCE Bce Inc. 0.71% 254,058 $5.9M Add +27.1%
BDX Becton Dickinson and Co. 0.70% 25,876 $5.9M Add +2.3%
KO The Coca-Cola Co. 0.66% 88,707 $5.5M Reduce -0.8%
LLY Eli Lilly & Co. 0.65% 7,062 $5.5M Reduce -0.7%
SWIM Latham Group Inc. 0.65% 782,581 $5.4M Add +136.4%
ABT Abbott Laboratories 0.65% 47,967 $5.4M No change
SU Suncor Energy Inc. 0.64% 150,367 $5.4M Reduce -9.2%
SHW The Sherwin-Williams Co. 0.64% 15,779 $5.4M Reduce -0.9%
ORLY O'reilly Automotive Inc. 0.59% 4,152 $4.9M Reduce -0.7%
DHR Danaher Corp. 0.58% 21,229 $4.9M Add +10.4%
MCD McDonald's Corp. 0.57% 16,297 $4.7M Reduce -10.2%
WCN Waste Connections Inc. 0.56% 27,301 $4.7M Reduce -9.8%
TXN Texas Instruments Inc. 0.53% 23,646 $4.4M Reduce -0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.53% 36,643 $4.4M Reduce -0.8%
W Wayfair Inc. Class A 0.53% 99,138 $4.4M Add +67.8%
FSV Firstservice Corp. 0.52% 24,187 $4.4M Reduce -8.6%
GE General Electric filed as GE AEROSPACE 0.51% 25,326 $4.2M Add +13.6%
HD Home Depot Inc. 0.50% 10,764 $4.2M Reduce -0.7%
SLF Sun Life Financial Inc. 0.48% 67,952 $4.0M Reduce -8.8%
OTEX Open Text Corp. 0.46% 134,679 $3.8M Reduce -9.8%
CP Canadian Pacific Kansas City 0.45% 51,998 $3.8M Reduce -8.8%
CAT Caterpillar Inc. 0.44% 10,153 $3.7M Reduce -1.7%
ADBE Adobe Inc. 0.44% 8,276 $3.7M Reduce -0.8%
CVX Chevron Corp. 0.44% 25,302 $3.7M Reduce -11.2%
BIP Brookfield Infrastructure Pa 0.41% 107,882 $3.4M Reduce -8.8%
CIGI Colliers Intl GR-Subord Vot 0.39% 24,068 $3.3M Reduce -8.8%
INTU Intuit Inc. 0.38% 5,042 $3.2M Reduce -12.7%
FER Ferrovial NV 0.37% 72,946 $3.1M Reduce -26.6%
TMUS T-Mobile US Inc. 0.36% 13,693 $3.0M Reduce -21.8%
HCA HCA Healthcare Inc. 0.35% 9,775 $2.9M Reduce -0.7%
JNJ Johnson & Johnson 0.34% 19,698 $2.8M Add +6.2%
QSR Restaurant Brands Intern 0.33% 42,436 $2.8M Reduce -8.8%
CSX CSX Corp. 0.33% 84,561 $2.7M Reduce -0.7%
ABBV Abbvie Inc. 0.32% 15,192 $2.7M Reduce -0.6%
DOO BRP Inc./Ca- Sub Voting 0.32% 51,758 $2.6M Reduce -5.7%
RYAAY Ryanair Holdings PLC-SP ADR 0.31% 58,449 $2.5M Reduce -5.8%
BTG B2GOLD Corp. 0.30% 1,030,469 $2.5M Reduce -9.9%
AMD Advanced Micro Devices 0.30% 20,604 $2.5M Reduce -0.7%
FLUT Flutter Entertainment PLC-Di 0.30% 9,618 $2.5M New
ASML ASML Holding NV-NY Reg SHS 0.30% 3,568 $2.5M Reduce -25.8%
VET Vermilion Energy Inc. 0.29% 255,977 $2.4M Reduce -9.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.28% 21,306 $2.4M Reduce -9.6%
CNI Canadian Natl Railway Co. 0.27% 22,015 $2.2M Reduce -8.6%
KOF Coca-Cola Femsa Sab-SP ADR 0.24% 25,265 $2.0M Add +14.1%
BUD Anheuser-Busch Inbev-SPN ADR 0.23% 38,399 $1.9M New
PPG PPG Industries Inc. 0.22% 15,419 $1.8M Reduce -0.7%
ATS Ats Corp. 0.21% 58,248 $1.8M Reduce -9.9%
AQN Algonquin Power & Utilities 0.21% 388,227 $1.7M Reduce -10.7%
NVS Novartis AG-Sponsored ADR 0.21% 17,700 $1.7M Reduce -53.1%
NTR Nutrien Ltd. 0.21% 38,315 $1.7M Reduce -8.4%
BAM Brookfield Asset Mgmt-A 0.21% 31,577 $1.7M Reduce -28.5%
ELV Elevance Health Inc. 0.20% 4,601 $1.7M Reduce -0.6%
MU Micron Technology Inc. 0.20% 20,136 $1.7M Reduce -0.9%
REGN Regeneron Pharmaceuticals 0.19% 2,219 $1.6M Reduce -0.7%
EXPE Expedia Group Inc. 0.18% 8,203 $1.5M Reduce -0.8%
BIDU Baidu Inc. - Spon ADR 0.18% 18,119 $1.5M New
MGA Magna International Inc. 0.17% 34,698 $1.5M Reduce -9.8%

Show all 111 holdings

Portfolio Sells Q3 2024 → Q4 2024
KBR KBR Inc. Reduce -53.0% 0.85% −1.14
ARMK Aramark Reduce -23.5% 2.05% −0.68
UNH Unitedhealth Group Inc. Reduce -15.4% 1.72% −0.60
META Meta Platforms Inc. Class A Reduce -18.9% 2.67% −0.48
B Barrick Gold Corp. Sold out 0.00% −0.44
WSC Willscot Holdings Corp. Sold out 0.00% −0.43
MRSH Marsh & McLennan Cos Reduce -17.5% 1.67% −0.41
MRK Merck & Co. Inc. Sold out 0.00% −0.35
NVS Novartis AG-Sponsored ADR Reduce -53.1% 0.21% −0.30
BRK.A Berkshire Hathaway Inc. Class A Reduce -10.3% 2.12% −0.22
VLRS Controladora Vuela Cia-ADR Sold out 0.00% −0.21
ASML ASML Holding NV-NY Reg SHS Reduce -25.8% 0.30% −0.17
DHI D.R. Horton Inc. Reduce -63.8% 0.05% −0.14
XOM Exxon Mobil Corp. Reduce -8.2% 0.85% −0.13
FER Ferrovial NV Reduce -26.6% 0.37% −0.13
RY Royal Bank of Canada Reduce -9.3% 1.15% −0.13
BUR Burford Capital Ltd. Reduce -4.6% 1.88% −0.13
BN Brookfield Corp. Reduce -18.5% 1.18% −0.13
OTEX Open Text Corp. Reduce -9.8% 0.46% −0.12
CP Canadian Pacific Kansas City Reduce -8.8% 0.45% −0.12
HCA HCA Healthcare Inc. Reduce -0.7% 0.35% −0.12
BTG B2GOLD Corp. Reduce -9.9% 0.30% −0.11
AMD Advanced Micro Devices Reduce -0.7% 0.30% −0.10
KO The Coca-Cola Co. Reduce -0.8% 0.66% −0.09
ZTS Zoetis Inc. Reduce -28.6% 0.14% −0.09
REGN Regeneron Pharmaceuticals Reduce -0.7% 0.19% −0.09
LLY Eli Lilly & Co. Reduce -0.7% 0.65% −0.08
TU Telus Corp. Reduce -14.6% 0.02% −0.08
MCD McDonald's Corp. Reduce -10.2% 0.57% −0.08
ELV Elevance Health Inc. Reduce -0.6% 0.20% −0.08
CIGI Colliers Intl GR-Subord Vot Reduce -8.8% 0.39% −0.08
BIP Brookfield Infrastructure Pa Reduce -8.8% 0.41% −0.07
SU Suncor Energy Inc. Reduce -9.2% 0.64% −0.07
WCN Waste Connections Inc. Reduce -9.8% 0.56% −0.07
AQN Algonquin Power & Utilities Reduce -10.7% 0.21% −0.07
SHW The Sherwin-Williams Co. Reduce -0.9% 0.64% −0.07
FMX Fomento Economico Mex-SP ADR Reduce -25.7% 0.13% −0.07
DOO BRP Inc./Ca- Sub Voting Reduce -5.7% 0.32% −0.07
ADBE Adobe Inc. Reduce -0.8% 0.44% −0.06
CNI Canadian Natl Railway Co. Reduce -8.6% 0.27% −0.06
UNP Union Pacific Corp. Reduce -0.8% 0.97% −0.06
QSR Restaurant Brands Intern Reduce -8.8% 0.33% −0.06
TMUS T-Mobile US Inc. Reduce -21.8% 0.36% −0.06
GIL Gildan Activewear Inc. Reduce -5.5% 1.53% −0.06
ENB Enbridge Inc. Reduce -12.2% 0.88% −0.06
CVX Chevron Corp. Reduce -11.2% 0.44% −0.05
CM Can Imperial BK of Commerce Reduce -38.7% 0.09% −0.05
TXN Texas Instruments Inc. Reduce -0.8% 0.53% −0.04
MU Micron Technology Inc. Reduce -0.9% 0.20% −0.04
FSV Firstservice Corp. Reduce -8.6% 0.52% −0.04

Portfolio Buys Q3 2024 → Q4 2024
FA First Advantage Corp. New 1.09% +1.09
AON Aon PLC Class A Add +9.1% 6.62% +0.90
GPK Graphic Packaging Holding Co. Add +231.6% 0.85% +0.58
MASI Masimo Corp. Add +156.9% 0.73% +0.51
SWIM Latham Group Inc. Add +136.4% 0.65% +0.39
FLUT Flutter Entertainment PLC-Di New 0.30% +0.30
TD Toronto-Dominion Bank Add +43.1% 1.37% +0.26
BUD Anheuser-Busch Inbev-SPN ADR New 0.23% +0.23
SPGI S&P Global Inc. Add +7.8% 3.32% +0.19
BIDU Baidu Inc. - Spon ADR New 0.18% +0.18
W Wayfair Inc. Class A Add +67.8% 0.53% +0.14
UBER Uber Technologies Inc. Add +25.3% 2.63% +0.07
GE General Electric Add +13.6% 0.51% +0.01
SOBO South Bow Corp. Add +197.3% 0.02% +0.01
KOF Coca-Cola Femsa Sab-SP ADR Add +14.1% 0.24% +0.01
BDX Becton Dickinson and Co. Add +2.3% 0.70% −0.01
JNJ Johnson & Johnson Add +6.2% 0.34% −0.01
DHR Danaher Corp. Add +10.4% 0.58% −0.04
TMO Thermo Fisher Scientific Inc. Add +3.7% 0.76% −0.09
BCE Bce Inc. Add +27.1% 0.71% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 80$649.3MNVDA, MSFT, GOOGL, AAPL, APO
Q1 2026 78$601.1MAPO, NVDA, AON, MSFT, GOOGL
Q4 2025 72$720.5MAPO, AON, GOOGL, MSFT, NVDA
Q3 2025 70$791.6MAON, APO, MSFT, NVDA, GOOGL
Q2 2025 118$820.0MAON, APO, MSFT, UBER, NVDA
Q1 2025 116$776.2MAON, APO, MSFT, SPGI, UBER
Q4 2024 111$834.2MAON, APO, MSFT, AAPL, SPGI
Q3 2024 110$854.6MAON, APO, MSFT, AAPL, META
Q2 2024 110$877.7MAPO, MSFT, AON, AAPL, META
Q1 2024 114$1.0BAPO, AON, MSFT, META, MRSH