Onex Canada Asset Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Onex Canada Asset Management Inc. reported 118 stock positions worth $820.0 million. Its top holding was Aon Class A (AON) at 6.8% of the portfolio, followed by Apollo Global Management (APO, 5.8%) and Microsoft (MSFT, 4.7%). Compared with Q1 2025, it opened 8 new positions, sold out of 6, added to 45 and reduced 65. The biggest buy was a new position in iShares MSCI Eafe ETF (EFA) and the biggest sale Unitedhealth (UNH, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0000905790
- Portfolio Value
- $820.0M (Q2 2025)
- SEC Filing
- 0001104659-25-078455 ↗ filed Aug 14, 2025
Holdings Value
Holdings 118 stocks · $820.0M
| AON Aon PLC Class A | 6.85% | 157,386 | $56.1M | Add +17.5% |
| APO Apollo Global Management Inc. | 5.76% | 333,096 | $47.3M | Add +9.8% |
| MSFT Microsoft Corp. | 4.73% | 78,014 | $38.8M | Add +4.3% |
| UBER Uber Technologies Inc. | 3.91% | 343,988 | $32.1M | Reduce -6.6% |
| NVDA Nvidia Corp. | 3.60% | 186,655 | $29.5M | Add +5.0% |
| SPGI S&P Global Inc. | 3.46% | 53,754 | $28.3M | Reduce -0.2% |
| EFA iShares MSCI Eafe ETF | 3.22% | 295,381 | $26.4M | New |
| AMZN Amazon.com Inc. | 3.10% | 115,957 | $25.4M | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 3.03% | 141,218 | $24.9M | Add +2.1% |
| AAPL Apple Inc. | 2.95% | 117,724 | $24.2M | Add +0.9% |
| META Meta Platforms Inc. Class A | 2.85% | 31,650 | $23.4M | Reduce -2.9% |
| ARMK Aramark | 2.62% | 513,494 | $21.5M | Add +2.5% |
| RBA RB Global Inc. | 2.16% | 167,027 | $17.7M | Reduce -8.3% |
| BUR Burford Capital Ltd. | 1.97% | 1,134,750 | $16.2M | Add +0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.96% | 22 | $16.0M | Reduce -8.3% |
| AVGO Broadcom Inc. | 1.93% | 57,291 | $15.8M | Reduce -2.6% |
| GIL Gildan Activewear Inc. | 1.92% | 320,216 | $15.8M | Add +12.4% |
| GOOG Alphabet Inc. Class C | 1.71% | 79,118 | $14.0M | Reduce -8.9% |
| JPM JPMorgan Chase & Co. | 1.46% | 41,238 | $12.0M | Add +1.6% |
| MA Mastercard Inc. Class A | 1.11% | 16,129 | $9.1M | Add +2.4% |
| NOW ServiceNow Inc. | 1.10% | 8,798 | $9.0M | Add +3.5% |
| ENSG The Ensign Group Inc. | 1.10% | 58,511 | $9.0M | New |
| NFLX Netflix Inc. | 1.08% | 6,618 | $8.9M | Reduce -0.4% |
| FA First Advantage Corp. | 1.08% | 531,169 | $8.8M | Add +7.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.04% | 181,030 | $8.6M | Add +1.9% |
| MRSH Marsh & McLennan Cos | 1.02% | 38,291 | $8.4M | Add +0.8% |
| UNP Union Pacific Corp. | 1.02% | 36,182 | $8.3M | Add +1.8% |
| V Visa Inc. Class A | 1.01% | 23,402 | $8.3M | Add +2.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.99% | 30,413 | $8.1M | Add +1.9% |
| PH Parker Hannifin Corp. | 0.97% | 11,417 | $8.0M | Add +0.3% |
| GPK Graphic Packaging Holding Co. | 0.97% | 375,825 | $7.9M | Add +18.0% |
| UNH Unitedhealth Group Inc. | 0.89% | 23,512 | $7.3M | Reduce -21.3% |
| XOM Exxon Mobil Corp. | 0.87% | 66,442 | $7.2M | Add +1.8% |
| W Wayfair Inc. Class A | 0.87% | 139,519 | $7.1M | Reduce -9.7% |
| SWIM Latham Group Inc. | 0.86% | 1,099,851 | $7.0M | Add +16.0% |
| GE General Electric filed as GE AEROSPACE | 0.82% | 26,039 | $6.7M | Add +0.9% |
| CBRE CBRE Group Inc. Class A | 0.81% | 47,283 | $6.6M | Add +1.8% |
| ABT Abbott Laboratories | 0.78% | 46,856 | $6.4M | Reduce -2.0% |
| CME Cme Group Inc. | 0.77% | 23,048 | $6.4M | Reduce -1.5% |
| KO The Coca-Cola Co. | 0.75% | 86,814 | $6.1M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.74% | 38,060 | $6.1M | Add +0.5% |
| LLY Eli Lilly & Co. | 0.70% | 7,385 | $5.8M | Add +1.8% |
| ORLY O'reilly Automotive Inc. | 0.67% | 60,705 | $5.5M | Add +0.7% |
| SHW The Sherwin-Williams Co. | 0.66% | 15,858 | $5.4M | Add +1.8% |
| TXN Texas Instruments Inc. | 0.65% | 25,498 | $5.3M | Add +6.1% |
| TMO Thermo Fisher Scientific Inc. | 0.62% | 12,450 | $5.0M | Add +2.4% |
| MCD McDonald's Corp. | 0.57% | 16,059 | $4.7M | Reduce -1.2% |
| SHC Sotera Health Co. | 0.56% | 414,095 | $4.6M | Add +61.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.56% | 37,164 | $4.6M | Add +1.7% |
| BDX Becton Dickinson and Co. | 0.55% | 26,273 | $4.5M | Add +1.7% |
| TD Toronto-Dominion Bank | 0.54% | 60,001 | $4.4M | Reduce -57.4% |
| DHR Danaher Corp. | 0.52% | 21,784 | $4.3M | Add +2.9% |
| SHOP Shopify Inc. Class A | 0.51% | 36,391 | $4.2M | Reduce -49.6% |
| INTU Intuit Inc. | 0.50% | 5,251 | $4.1M | Add +4.5% |
| HD Home Depot Inc. | 0.50% | 11,186 | $4.1M | Add +4.2% |
| CAT Caterpillar Inc. | 0.49% | 10,298 | $4.0M | Add +1.7% |
| BN Brookfield Corp. | 0.47% | 62,500 | $3.9M | Reduce -55.6% |
| CVX Chevron Corp. | 0.44% | 25,401 | $3.6M | Add +1.8% |
| RY Royal Bank of Canada | 0.42% | 26,442 | $3.5M | Reduce -55.5% |
| ADBE Adobe Inc. | 0.39% | 8,324 | $3.2M | Add +0.8% |
| TMUS T-Mobile US Inc. | 0.38% | 13,137 | $3.1M | Add +1.8% |
| FER Ferrovial NV | 0.35% | 53,576 | $2.9M | Reduce -14.9% |
| AMD Advanced Micro Devices | 0.35% | 20,074 | $2.8M | Reduce -2.3% |
| CSX CSX Corp. | 0.34% | 85,857 | $2.8M | Add +1.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 21,652 | $2.7M | Add +1.9% |
| SHEL Shell PLC-ADR | 0.32% | 37,707 | $2.7M | Reduce -33.8% |
| MU Micron Technology Inc. | 0.31% | 20,404 | $2.5M | Add +1.7% |
| ENB Enbridge Inc. | 0.29% | 53,279 | $2.4M | Reduce -58.8% |
| HAYW Hayward Holdings Inc. | 0.28% | 165,566 | $2.3M | New |
| MFC Manulife Financial Corp. | 0.27% | 68,504 | $2.2M | Reduce -54.7% |
| ABBV Abbvie Inc. | 0.24% | 10,496 | $1.9M | Reduce -24.9% |
| BCE Bce Inc. | 0.24% | 87,553 | $1.9M | Reduce -53.7% |
| JNJ Johnson & Johnson | 0.23% | 12,517 | $1.9M | Reduce -11.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.23% | 2,379 | $1.9M | Reduce -15.6% |
| SAP Sap SE-Sponsored ADR | 0.23% | 6,209 | $1.9M | Reduce -28.4% |
| SU Suncor Energy Inc. | 0.23% | 49,778 | $1.9M | Reduce -55.5% |
| PPG PPG Industries Inc. | 0.22% | 15,635 | $1.8M | Add +1.7% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.21% | 25,620 | $1.8M | Reduce -24.0% |
| FLUT Flutter Entertainment PLC-Di | 0.21% | 5,908 | $1.7M | Reduce -15.6% |
| WCN Waste Connections Inc. | 0.20% | 8,967 | $1.7M | Reduce -55.8% |
| NVS Novartis AG-Sponsored ADR | 0.19% | 13,075 | $1.6M | Reduce -39.9% |
| CP Canadian Pacific Kansas City | 0.19% | 19,834 | $1.6M | Reduce -55.3% |
| ELV Elevance Health Inc. | 0.19% | 3,997 | $1.6M | Reduce -6.6% |
| SLF Sun Life Financial Inc. | 0.18% | 22,458 | $1.5M | Reduce -55.6% |
| HCA HCA Healthcare Inc. | 0.18% | 3,812 | $1.5M | Reduce -40.1% |
| FSV Firstservice Corp. | 0.17% | 8,102 | $1.4M | Reduce -55.1% |
| MASI Masimo Corp. | 0.17% | 8,224 | $1.4M | Reduce -52.9% |
| OTEX Open Text Corp. | 0.16% | 44,850 | $1.3M | Reduce -55.2% |
| PRMB Primo Brands Corp. | 0.16% | 43,963 | $1.3M | New |
| ACN Accenture PLC Class A | 0.16% | 4,263 | $1.3M | New |
| BTG B2GOLD Corp. | 0.15% | 342,336 | $1.2M | Reduce -55.2% |
| BIP Brookfield Infrastructure Pa | 0.15% | 36,751 | $1.2M | Reduce -54.4% |
| CIGI Colliers Intl GR-Subord Vot | 0.13% | 7,984 | $1.0M | Reduce -55.5% |
| RIO Rio Tinto PLC-Spon ADR | 0.13% | 17,682 | $1.0M | Reduce -33.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.12% | 14,574 | $1.0M | Reduce -48.7% |
| EXPE Expedia Group Inc. | 0.12% | 5,631 | $950K | Reduce -7.6% |
| QSR Restaurant Brands Intern | 0.11% | 14,189 | $941K | Reduce -55.1% |
| GSK GSK PLC-Spon ADR | 0.11% | 23,984 | $921K | Reduce -48.1% |
| BHP BHP Group Ltd.-Spon ADR | 0.11% | 18,744 | $901K | New |
| DOO BRP Inc./Ca- Sub Voting | 0.10% | 17,469 | $848K | Reduce -54.7% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -21.3% | 0.89% | −1.12 |
| KBR KBR Inc. | Sold out | 0.00% | −0.91 |
| TD Toronto-Dominion Bank | Reduce -57.4% | 0.54% | −0.55 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -8.3% | 1.96% | −0.51 |
| BN Brookfield Corp. | Reduce -55.6% | 0.47% | −0.48 |
| ENB Enbridge Inc. | Reduce -58.8% | 0.29% | −0.44 |
| RY Royal Bank of Canada | Reduce -55.5% | 0.42% | −0.44 |
| SHOP Shopify Inc. Class A | Reduce -49.6% | 0.51% | −0.37 |
| MFC Manulife Financial Corp. | Reduce -54.7% | 0.27% | −0.34 |
| SU Suncor Energy Inc. | Reduce -55.5% | 0.23% | −0.33 |
| BCE Bce Inc. | Reduce -53.7% | 0.24% | −0.32 |
| WCN Waste Connections Inc. | Reduce -55.8% | 0.20% | −0.31 |
| SHEL Shell PLC-ADR | Reduce -33.8% | 0.32% | −0.21 |
| FSV Firstservice Corp. | Reduce -55.1% | 0.17% | −0.21 |
| CP Canadian Pacific Kansas City | Reduce -55.3% | 0.19% | −0.21 |
| MASI Masimo Corp. | Reduce -52.9% | 0.17% | −0.21 |
| RBA RB Global Inc. | Reduce -8.3% | 2.16% | −0.19 |
| SLF Sun Life Financial Inc. | Reduce -55.6% | 0.18% | −0.19 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.19 |
| OTEX Open Text Corp. | Reduce -55.2% | 0.16% | −0.17 |
| BIP Brookfield Infrastructure Pa | Reduce -54.4% | 0.15% | −0.16 |
| QSR Restaurant Brands Intern | Reduce -55.1% | 0.11% | −0.16 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.15 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -55.5% | 0.13% | −0.15 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -48.7% | 0.12% | −0.14 |
| ABBV Abbvie Inc. | Reduce -24.9% | 0.24% | −0.14 |
| BTG B2GOLD Corp. | Reduce -55.2% | 0.15% | −0.13 |
| VET Vermilion Energy Inc. | Reduce -56.8% | 0.07% | −0.13 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.12 |
| NVS Novartis AG-Sponsored ADR | Reduce -39.9% | 0.19% | −0.12 |
| GSK GSK PLC-Spon ADR | Reduce -48.1% | 0.11% | −0.12 |
| CNI Canadian Natl Railway Co. | Reduce -55.7% | 0.09% | −0.11 |
| HCA HCA Healthcare Inc. | Reduce -40.1% | 0.18% | −0.11 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -51.2% | 0.10% | −0.10 |
| AQN Algonquin Power & Utilities | Reduce -53.8% | 0.09% | −0.10 |
| BAM Brookfield Asset Mgmt-A | Reduce -56.7% | 0.09% | −0.10 |
| BIDU Baidu Inc. - Spon ADR | Reduce -46.2% | 0.08% | −0.09 |
| NTR Nutrien Ltd. | Reduce -55.3% | 0.09% | −0.09 |
| FMX Fomento Economico Mex-SP ADR | Reduce -45.7% | 0.10% | −0.09 |
| MGA Magna International Inc. | Reduce -55.6% | 0.08% | −0.08 |
| MCD McDonald's Corp. | Reduce -1.2% | 0.57% | −0.08 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -33.8% | 0.13% | −0.08 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -33.8% | 0.10% | −0.07 |
| SPGI S&P Global Inc. | Reduce -0.2% | 3.46% | −0.07 |
| SAP Sap SE-Sponsored ADR | Reduce -28.4% | 0.23% | −0.07 |
| JNJ Johnson & Johnson | Reduce -11.6% | 0.23% | −0.07 |
| ATS Ats Corp. | Reduce -56.0% | 0.07% | −0.06 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -54.7% | 0.10% | −0.06 |
| KO The Coca-Cola Co. | Reduce -1.4% | 0.75% | −0.06 |
| ZTS Zoetis Inc. | Reduce -30.3% | 0.09% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| EFA iShares MSCI Eafe ETF | New | 3.22% | +3.22 |
| MSFT Microsoft Corp. | Add +4.3% | 4.73% | +1.11 |
| NVDA Nvidia Corp. | Add +5.0% | 3.60% | +1.11 |
| ENSG The Ensign Group Inc. | New | 1.10% | +1.10 |
| APO Apollo Global Management Inc. | Add +9.8% | 5.76% | +0.41 |
| ARMK Aramark | Add +2.5% | 2.62% | +0.39 |
| AMZN Amazon.com Inc. | Add +1.7% | 3.10% | +0.31 |
| GIL Gildan Activewear Inc. | Add +12.4% | 1.92% | +0.30 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 3.03% | +0.28 |
| HAYW Hayward Holdings Inc. | New | 0.28% | +0.28 |
| NOW ServiceNow Inc. | Add +3.5% | 1.10% | +0.23 |
| SHC Sotera Health Co. | Add +61.6% | 0.56% | +0.18 |
| JPM JPMorgan Chase & Co. | Add +1.6% | 1.46% | +0.17 |
| FA First Advantage Corp. | Add +7.0% | 1.08% | +0.17 |
| PRMB Primo Brands Corp. | New | 0.16% | +0.16 |
| ACN Accenture PLC Class A | New | 0.16% | +0.16 |
| GE General Electric | Add +0.9% | 0.82% | +0.15 |
| HLT Hilton Worldwide Holdings Inc. | Add +1.9% | 0.99% | +0.11 |
| BHP BHP Group Ltd.-Spon ADR | New | 0.11% | +0.11 |
| INTU Intuit Inc. | Add +4.5% | 0.50% | +0.11 |
| BABA Alibaba Group Holding-SP ADR | New | 0.10% | +0.10 |
| BAC Bank of America Corp. | Add +1.9% | 1.04% | +0.09 |
| TXN Texas Instruments Inc. | Add +6.1% | 0.65% | +0.09 |
| MU Micron Technology Inc. | Add +1.7% | 0.31% | +0.08 |
| PH Parker Hannifin Corp. | Add +0.3% | 0.97% | +0.08 |
| SWIM Latham Group Inc. | Add +16.0% | 0.86% | +0.07 |
| CNQ Canadian Natural Resources | New | 0.06% | +0.06 |
| CAT Caterpillar Inc. | Add +1.7% | 0.49% | +0.06 |
| DIS The Walt Disney Co. | Add +1.9% | 0.33% | +0.06 |
| BUR Burford Capital Ltd. | Add +0.7% | 1.97% | +0.06 |
| CBRE CBRE Group Inc. Class A | Add +1.8% | 0.81% | +0.03 |
| CSX CSX Corp. | Add +1.8% | 0.34% | +0.02 |
| PPG PPG Industries Inc. | Add +1.7% | 0.22% | +0.00 |
| HD Home Depot Inc. | Add +4.2% | 0.50% | −0.01 |
| MA Mastercard Inc. Class A | Add +2.4% | 1.11% | −0.01 |
| TJX TJX Companies Inc. | Add +1.7% | 0.56% | −0.01 |
| ADBE Adobe Inc. | Add +0.8% | 0.39% | −0.02 |
| V Visa Inc. Class A | Add +2.6% | 1.01% | −0.02 |
| DHR Danaher Corp. | Add +2.9% | 0.52% | −0.03 |
| SHW The Sherwin-Williams Co. | Add +1.8% | 0.66% | −0.04 |
| AON Aon PLC Class A | Add +17.5% | 6.85% | −0.04 |
| TMUS T-Mobile US Inc. | Add +1.8% | 0.38% | −0.06 |
| UNP Union Pacific Corp. | Add +1.8% | 1.02% | −0.07 |
| LLY Eli Lilly & Co. | Add +1.8% | 0.70% | −0.07 |
| ORLY O'reilly Automotive Inc. | Add +0.7% | 0.67% | −0.07 |
| PG The Procter & Gamble Co. | Add +0.5% | 0.74% | −0.09 |
| CVX Chevron Corp. | Add +1.8% | 0.44% | −0.09 |
| GPK Graphic Packaging Holding Co. | Add +18.0% | 0.97% | −0.10 |
| XOM Exxon Mobil Corp. | Add +1.8% | 0.87% | −0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +2.4% | 0.62% | −0.16 |
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 |