Onex Canada Asset Management Inc.

Name: Onex Canada Asset Management Inc. 13F holdings, Q1 2025
Creator: Onex Canada Asset Management Inc.
Published: 2025-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Onex Canada Asset Management Inc. reported 116 stock positions worth $776.2 million. Its top holding was Aon Class A (AON) at 6.9% of the portfolio, followed by Apollo Global Management (APO, 5.3%) and Microsoft (MSFT, 3.6%). Compared with Q4 2024, it opened 9 new positions, sold out of 4, added to 21 and reduced 86. The biggest buy was Uber Technologies (UBER, shares +1%) and the biggest sale Alphabet Class C (GOOG, shares −17%).

Most Recent 13F: Q2 2026
Location: TORONTO, A6
CIK: 0000905790
Portfolio Value: $776.2M (Q1 2025)
SEC Filing: 0001104659-25-049261 ↗ filed May 15, 2025

Holdings Value

Holdings 116 stocks · $776.2M


AON Aon PLC Class A	6.89%	133,943	$53.5M	Reduce -12.9%
APO Apollo Global Management Inc.	5.35%	303,234	$41.5M	Add +1.9%
MSFT Microsoft Corp.	3.62%	74,796	$28.1M	Add +1.8%
SPGI S&P Global Inc.	3.53%	53,882	$27.4M	Reduce -3.2%
UBER Uber Technologies Inc.	3.46%	368,411	$26.8M	Add +1.4%
AAPL Apple Inc.	3.34%	116,712	$25.9M	Reduce -2.3%
AMZN Amazon.com Inc.	2.79%	113,991	$21.7M	Reduce -0.3%
GOOGL Alphabet Inc. Class A	2.75%	138,259	$21.4M	Add +0.3%
NVDA Nvidia Corp.	2.48%	177,768	$19.3M	Add +3.6%
BRK.A Berkshire Hathaway Inc. Class A	2.47%	24	$19.2M	Reduce -7.7%
META Meta Platforms Inc. Class A	2.42%	32,581	$18.8M	Reduce -14.3%
RBA RB Global Inc.	2.35%	182,202	$18.3M	Add +10.1%
ARMK Aramark	2.23%	501,220	$17.3M	Add +9.1%
UNH Unitedhealth Group Inc.	2.02%	29,866	$15.6M	Add +5.5%
BUR Burford Capital Ltd.	1.92%	1,126,613	$14.9M	Reduce -8.2%
GOOG Alphabet Inc. Class C	1.75%	86,864	$13.6M	Reduce -16.6%
GIL Gildan Activewear Inc.	1.62%	284,824	$12.6M	Add +5.1%
JPM JPMorgan Chase & Co.	1.28%	40,607	$10.0M	Reduce -4.6%
AVGO Broadcom Inc.	1.27%	58,796	$9.8M	Reduce -0.3%
MRSH Marsh & McLennan Cos	1.19%	37,990	$9.3M	Reduce -42.2%
MA Mastercard Inc. Class A	1.11%	15,752	$8.6M	Reduce -2.2%
TD Toronto-Dominion Bank	1.09%	140,762	$8.4M	Reduce -34.6%
UNP Union Pacific Corp.	1.08%	35,542	$8.4M	Reduce -0.3%
GPK Graphic Packaging Holding Co.	1.06%	318,409	$8.3M	Add +22.2%
V Visa Inc. Class A	1.03%	22,818	$8.0M	Reduce -1.2%
XOM Exxon Mobil Corp.	1.00%	65,251	$7.8M	Reduce -0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.95%	177,568	$7.4M	Reduce -3.9%
BN Brookfield Corp.	0.95%	140,707	$7.4M	Reduce -17.8%
KBR KBR Inc.	0.91%	142,203	$7.1M	Add +15.7%
FA First Advantage Corp.	0.90%	496,626	$7.0M	Add +2.5%
PH Parker Hannifin Corp.	0.89%	11,382	$6.9M	Add +1.4%
SHOP Shopify Inc. Class A	0.89%	72,221	$6.9M	Reduce -25.6%
HLT Hilton Worldwide Holdings Inc.	0.87%	29,843	$6.8M	Reduce -6.1%
NOW ServiceNow Inc.	0.87%	8,503	$6.8M	Reduce -0.3%
RY Royal Bank of Canada	0.86%	59,424	$6.7M	Reduce -25.5%
PG The Procter & Gamble Co.	0.83%	37,861	$6.5M	Reduce -1.2%
ABT Abbott Laboratories	0.82%	47,832	$6.3M	Reduce -0.3%
KO The Coca-Cola Co.	0.81%	88,008	$6.3M	Reduce -0.8%
CME Cme Group Inc.	0.80%	23,396	$6.2M	Reduce -8.2%
NFLX Netflix Inc.	0.80%	6,645	$6.2M	Reduce -1.8%
SWIM Latham Group Inc.	0.79%	948,172	$6.1M	Add +21.2%
CBRE CBRE Group Inc. Class A	0.78%	46,445	$6.1M	Reduce -2.0%
TMO Thermo Fisher Scientific Inc.	0.78%	12,156	$6.0M	Reduce -0.3%
LLY Eli Lilly & Co.	0.77%	7,258	$6.0M	Add +2.8%
BDX Becton Dickinson and Co.	0.76%	25,825	$5.9M	Reduce -0.2%
ORLY O'reilly Automotive Inc.	0.74%	4,018	$5.8M	Reduce -3.2%
ENB Enbridge Inc.	0.74%	129,168	$5.7M	Reduce -25.5%
SHW The Sherwin-Williams Co.	0.70%	15,578	$5.4M	Reduce -1.3%
GE General Electric filed as GE AEROSPACE	0.67%	25,812	$5.2M	Add +1.9%
MCD McDonald's Corp.	0.65%	16,251	$5.1M	Reduce -0.3%
W Wayfair Inc. Class A	0.64%	154,542	$4.9M	Add +55.9%
MFC Manulife Financial Corp.	0.61%	151,109	$4.7M	Reduce -25.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.57%	36,542	$4.5M	Reduce -0.3%
BCE Bce Inc.	0.56%	189,161	$4.3M	Reduce -25.5%
DHR Danaher Corp.	0.56%	21,165	$4.3M	Reduce -0.3%
SU Suncor Energy Inc.	0.56%	111,923	$4.3M	Reduce -25.6%
TXN Texas Instruments Inc.	0.56%	24,022	$4.3M	Add +1.6%
CVX Chevron Corp.	0.54%	24,962	$4.2M	Reduce -1.3%
SHEL Shell PLC-ADR	0.54%	56,955	$4.2M	New
WCN Waste Connections Inc.	0.51%	20,302	$4.0M	Reduce -25.6%
HD Home Depot Inc.	0.51%	10,732	$3.9M	Reduce -0.3%
TMUS T-Mobile US Inc.	0.44%	12,905	$3.4M	Reduce -5.8%
CAT Caterpillar Inc.	0.43%	10,125	$3.3M	Reduce -0.3%
ADBE Adobe Inc.	0.41%	8,254	$3.2M	Reduce -0.3%
CP Canadian Pacific Kansas City	0.40%	44,360	$3.1M	Reduce -14.7%
INTU Intuit Inc.	0.40%	5,025	$3.1M	Reduce -0.3%
FSV Firstservice Corp.	0.39%	18,035	$3.0M	Reduce -25.4%
SHC Sotera Health Co.	0.39%	256,269	$3.0M	New
ABBV Abbvie Inc.	0.38%	13,980	$2.9M	Reduce -8.0%
MASI Masimo Corp.	0.37%	17,455	$2.9M	Reduce -52.9%
SLF Sun Life Financial Inc.	0.37%	50,581	$2.9M	Reduce -25.6%
FER Ferrovial NV	0.36%	62,946	$2.8M	Reduce -13.7%
OTEX Open Text Corp.	0.33%	100,113	$2.5M	Reduce -25.7%
CSX CSX Corp.	0.32%	84,335	$2.5M	Reduce -0.3%
NVS Novartis AG-Sponsored ADR	0.31%	21,750	$2.4M	Add +22.9%
BIP Brookfield Infrastructure Pa	0.31%	80,510	$2.4M	Reduce -25.4%
JNJ Johnson & Johnson	0.30%	14,165	$2.3M	Reduce -28.1%
SAP Sap SE-Sponsored ADR	0.30%	8,678	$2.3M	New
HCA HCA Healthcare Inc.	0.28%	6,365	$2.2M	Reduce -34.9%
BTG B2GOLD Corp.	0.28%	764,875	$2.2M	Reduce -25.8%
CIGI Colliers Intl GR-Subord Vot	0.28%	17,934	$2.2M	Reduce -25.5%
AMD Advanced Micro Devices	0.27%	20,549	$2.1M	Reduce -0.3%
QSR Restaurant Brands Intern	0.27%	31,623	$2.1M	Reduce -25.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.27%	21,253	$2.1M	Reduce -0.3%
AZN Astrazeneca PLC-Spons ADR	0.27%	28,414	$2.1M	New
BUD Anheuser-Busch Inbev-SPN ADR	0.27%	33,699	$2.1M	Reduce -12.2%
ASML ASML Holding NV-NY Reg SHS	0.24%	2,818	$1.9M	Reduce -21.0%
ELV Elevance Health Inc.	0.24%	4,278	$1.9M	Reduce -7.0%
GSK GSK PLC-Spon ADR	0.23%	46,227	$1.8M	New
MU Micron Technology Inc.	0.22%	20,063	$1.7M	Reduce -0.4%
PPG PPG Industries Inc.	0.22%	15,375	$1.7M	Reduce -0.3%
RIO Rio Tinto PLC-Spon ADR	0.21%	26,709	$1.6M	New
CNI Canadian Natl Railway Co.	0.21%	16,437	$1.6M	Reduce -25.3%
KOF Coca-Cola Femsa Sab-SP ADR	0.21%	17,465	$1.6M	Reduce -30.9%
FLUT Flutter Entertainment PLC-Di	0.20%	7,000	$1.6M	Reduce -27.2%
VET Vermilion Energy Inc.	0.20%	190,361	$1.5M	Reduce -25.6%
AQN Algonquin Power & Utilities	0.19%	289,473	$1.5M	Reduce -25.4%
FMX Fomento Economico Mex-SP ADR	0.19%	15,068	$1.5M	Add +16.2%
HWM Howmet Aerospace Inc.	0.19%	11,333	$1.5M	New
BAM Brookfield Asset Mgmt-A	0.18%	29,474	$1.4M	Reduce -6.7%
NTR Nutrien Ltd.	0.18%	28,582	$1.4M	Reduce -25.4%
TCOM Trip.com Group Ltd.-ADR	0.18%	21,661	$1.4M	New
BIDU Baidu Inc. - Spon ADR	0.18%	14,919	$1.4M	Reduce -17.7%
DOO BRP Inc./Ca- Sub Voting	0.17%	38,588	$1.3M	Reduce -25.4%
MGA Magna International Inc.	0.16%	36,534	$1.2M	Add +5.3%
NVO Novo-Nordisk A/S-Spons ADR	0.15%	17,185	$1.2M	New
ZTS Zoetis Inc.	0.15%	7,084	$1.2M	Reduce -0.3%
ATS Ats Corp.	0.14%	43,299	$1.1M	Reduce -25.7%
EXPE Expedia Group Inc.	0.13%	6,095	$1.0M	Reduce -25.7%
REGN Regeneron Pharmaceuticals	0.12%	1,469	$932K	Reduce -33.8%
PBA Pembina Pipeline Corp.	0.07%	12,916	$517K	Reduce -23.1%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM	0.07%	9,002	$506K	Reduce -23.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX	0.06%	10,170	$482K	Reduce -25.8%
TU Telus Corp.	0.06%	33,256	$477K	Reduce -25.6%
TRP TC Energy Corp.	0.04%	6,142	$290K	Reduce -23.1%
BMO Bank of Montreal filed as BANK MONTREAL QUE	0.03%	2,837	$271K	Reduce -27.4%

Portfolio Sells Q4 2024 → Q1 2025


GOOG Alphabet Inc. Class C	Reduce -16.6%	1.75%	−0.63
MRSH Marsh & McLennan Cos	Reduce -42.2%	1.19%	−0.48
AVGO Broadcom Inc.	Reduce -0.3%	1.27%	−0.37
MASI Masimo Corp.	Reduce -52.9%	0.37%	−0.36
SHOP Shopify Inc. Class A	Reduce -25.6%	0.89%	−0.35
RYAAY Ryanair Holdings PLC-SP ADR	Sold out	0.00%	−0.31
RY Royal Bank of Canada	Reduce -25.5%	0.86%	−0.29
TD Toronto-Dominion Bank	Reduce -34.6%	1.09%	−0.29
META Meta Platforms Inc. Class A	Reduce -14.3%	2.42%	−0.25
AAPL Apple Inc.	Reduce -2.3%	3.34%	−0.24
BN Brookfield Corp.	Reduce -17.8%	0.95%	−0.23
AMZN Amazon.com Inc.	Reduce -0.3%	2.79%	−0.21
NOW ServiceNow Inc.	Reduce -0.3%	0.87%	−0.21
DOO BRP Inc./Ca- Sub Voting	Reduce -25.4%	0.17%	−0.15
BCE Bce Inc.	Reduce -25.5%	0.56%	−0.15
ENB Enbridge Inc.	Reduce -25.5%	0.74%	−0.15
FSV Firstservice Corp.	Reduce -25.4%	0.39%	−0.14
MFC Manulife Financial Corp.	Reduce -25.2%	0.61%	−0.14
OTEX Open Text Corp.	Reduce -25.7%	0.33%	−0.13
CIGI Colliers Intl GR-Subord Vot	Reduce -25.5%	0.28%	−0.11
SLF Sun Life Financial Inc.	Reduce -25.6%	0.37%	−0.11
BIP Brookfield Infrastructure Pa	Reduce -25.4%	0.31%	−0.10
FLUT Flutter Entertainment PLC-Di	Reduce -27.2%	0.20%	−0.10
VET Vermilion Energy Inc.	Reduce -25.6%	0.20%	−0.09
SU Suncor Energy Inc.	Reduce -25.6%	0.56%	−0.08
ATS Ats Corp.	Reduce -25.7%	0.14%	−0.07
REGN Regeneron Pharmaceuticals	Reduce -33.8%	0.12%	−0.07
HCA HCA Healthcare Inc.	Reduce -34.9%	0.28%	−0.07
HLT Hilton Worldwide Holdings Inc.	Reduce -6.1%	0.87%	−0.07
CNI Canadian Natl Railway Co.	Reduce -25.3%	0.21%	−0.06
QSR Restaurant Brands Intern	Reduce -25.5%	0.27%	−0.06
ASML ASML Holding NV-NY Reg SHS	Reduce -21.0%	0.24%	−0.06
DHI D.R. Horton Inc.	Sold out	0.00%	−0.05
WCN Waste Connections Inc.	Reduce -25.6%	0.51%	−0.05
EXPE Expedia Group Inc.	Reduce -25.7%	0.13%	−0.05
CP Canadian Pacific Kansas City	Reduce -14.7%	0.40%	−0.05
JNJ Johnson & Johnson	Reduce -28.1%	0.30%	−0.04
ADBE Adobe Inc.	Reduce -0.3%	0.41%	−0.03
KOF Coca-Cola Femsa Sab-SP ADR	Reduce -30.9%	0.21%	−0.03
AMD Advanced Micro Devices	Reduce -0.3%	0.27%	−0.03
BNS Bank of Nova Scotia	Reduce -25.8%	0.06%	−0.03
DHR Danaher Corp.	Reduce -0.3%	0.56%	−0.03
CM Can Imperial BK of Commerce	Reduce -23.1%	0.07%	−0.02
NTR Nutrien Ltd.	Reduce -25.4%	0.18%	−0.02
BEP Brookfield Renewable Partner	Sold out	0.00%	−0.02
BTG B2GOLD Corp.	Reduce -25.8%	0.28%	−0.02
BAM Brookfield Asset Mgmt-A	Reduce -6.7%	0.18%	−0.02
SOBO South Bow Corp.	Sold out	0.00%	−0.02
BAC Bank of America Corp.	Reduce -3.9%	0.95%	−0.02
AQN Algonquin Power & Utilities	Reduce -25.4%	0.19%	−0.02

Portfolio Buys Q4 2024 → Q1 2025


UBER Uber Technologies Inc.	Add +1.4%	3.46%	+0.83
RBA RB Global Inc.	Add +10.1%	2.35%	+0.57
SHEL Shell PLC-ADR	New	0.54%	+0.54
SHC Sotera Health Co.	New	0.39%	+0.39
SAP Sap SE-Sponsored ADR	New	0.30%	+0.30
UNH Unitedhealth Group Inc.	Add +5.5%	2.02%	+0.30
AZN Astrazeneca PLC-Spons ADR	New	0.27%	+0.27
GSK GSK PLC-Spon ADR	New	0.23%	+0.23
GPK Graphic Packaging Holding Co.	Add +22.2%	1.06%	+0.22
RIO Rio Tinto PLC-Spon ADR	New	0.21%	+0.21
HWM Howmet Aerospace Inc.	New	0.19%	+0.19
TCOM Trip.com Group Ltd.-ADR	New	0.18%	+0.18
ARMK Aramark	Add +9.1%	2.23%	+0.17
GE General Electric	Add +1.9%	0.67%	+0.16
NVO Novo-Nordisk A/S-Spons ADR	New	0.15%	+0.15
SWIM Latham Group Inc.	Add +21.2%	0.79%	+0.13
LLY Eli Lilly & Co.	Add +2.8%	0.77%	+0.12
W Wayfair Inc. Class A	Add +55.9%	0.64%	+0.11
NVS Novartis AG-Sponsored ADR	Add +22.9%	0.31%	+0.11
GIL Gildan Activewear Inc.	Add +5.1%	1.62%	+0.09
KBR KBR Inc.	Add +15.7%	0.91%	+0.06
FMX Fomento Economico Mex-SP ADR	Add +16.2%	0.19%	+0.06
PH Parker Hannifin Corp.	Add +1.4%	0.89%	+0.04
TXN Texas Instruments Inc.	Add +1.6%	0.56%	+0.02
MGA Magna International Inc.	Add +5.3%	0.16%	−0.01
MSFT Microsoft Corp.	Add +1.8%	3.62%	−0.09
FA First Advantage Corp.	Add +2.5%	0.90%	−0.19
NVDA Nvidia Corp.	Add +3.6%	2.48%	−0.28
GOOGL Alphabet Inc. Class A	Add +0.3%	2.75%	−0.39
APO Apollo Global Management Inc.	Add +1.9%	5.35%	−0.54

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	80	$649.3M	NVDA, MSFT, GOOGL, AAPL, APO
Q1 2026	78	$601.1M	APO, NVDA, AON, MSFT, GOOGL
Q4 2025	72	$720.5M	APO, AON, GOOGL, MSFT, NVDA
Q3 2025	70	$791.6M	AON, APO, MSFT, NVDA, GOOGL
Q2 2025	118	$820.0M	AON, APO, MSFT, UBER, NVDA
Q1 2025	116	$776.2M	AON, APO, MSFT, SPGI, UBER
Q4 2024	111	$834.2M	AON, APO, MSFT, AAPL, SPGI
Q3 2024	110	$854.6M	AON, APO, MSFT, AAPL, META
Q2 2024	110	$877.7M	APO, MSFT, AON, AAPL, META
Q1 2024	114	$1.0B	APO, AON, MSFT, META, MRSH