§ 13F · FUND PROFILE
Fiera Capital Corp.
Canadian multi-strategy asset management
AUM · $29502.8T (13F)Positions · 694Turnover · 93% · Q4Filed · Feb 11, 2026
CONCENTRATION
27%
Top 10 holdings
NEW BUYS
+48
+$302.1T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-2pp · +2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 11, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | GOOGL | ALPHABET INC | 4.45M | $1393.7T | 4.4% | +206% |
| 2 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 4.36M | $1324.9T | 4.2% | −12% |
| 3 | MSFT | MICROSOFT CORP | 2.43M | $1177.6T | 3.7% | −2% |
| 4 | MCO | MOODYS CORP | 1.75M | $891.6T | 2.8% | +775% |
| 5 | RY | ROYAL BK CDA | 4.54M | $774.1T | 2.5% | −6% |
| 6 | MA | MASTERCARD INCORPORATED | 1.24M | $707.6T | 2.2% | +261% |
| 7 | AZO | AUTOZONE INC | 197K | $667.9T | 2.1% | +231% |
| 8 | CNI | CANADIAN NATL RY CO | 5.85M | $578.7T | 1.8% | +649% |
| 9 | TJX | TJX COS INC NEW | 3.71M | $570.5T | 1.8% | +272% |
| 10 | CME | CME GROUP INC | 1.98M | $540.3T | 1.7% | +827% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other45.7% (+2pp)
Financial Services14.5% (±0)
Technology13.3% (−2pp)
Retail8.1% (±0)
Semiconductors7.6% (±0)
Media6.5% (+1pp)
§ 03 · THE FIERA SIGNAL
AC read
Fiera Capital Corp is a Quality / Compounder fund managing $29502845.9 trillion in assets. The fund runs a broad portfolio of 694 positions, broad diversification across holdings, with the top 10 accounting for 27%. Trading activity is aggressive at 93% quarterly turnover, with 48 new positions and 0 exits last quarter. Top sector allocations: Other (46%), Financial Services (15%), Technology (13%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+48 buys · −0 exits · 589 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed