§ 13F · FUND PROFILE
Fiera Capital Corp.
Canadian multi-strategy asset management
AUM · $30.9B (13F)Positions · 685Turnover · 55% · Q1Filed · May 12, 2026
CONCENTRATION
27%
Top 10 holdings
NEW BUYS
+41
+$383M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-4pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 3.76M | $1.3B | 4.4% | −13% |
| 2 | GOOGL | ALPHABET INC | 4.19M | $1.2B | 4.1% | −8% |
| 3 | MSFT | MICROSOFT CORP | 2.44M | $904M | 3.1% | +1% |
| 4 | MCO | MOODYS CORP | 1.75M | $762M | 2.6% | −1% |
| 5 | MA | MASTERCARD INCORPORATED | 1.39M | $694M | 2.4% | +11% |
| 6 | RY | ROYAL BK CDA | 4.22M | $681M | 2.3% | −7% |
| 7 | AZO | AUTOZONE INC | 191K | $646M | 2.2% | −4% |
| 8 | CME | CME GROUP INC | 1.94M | $573M | 2.0% | +2% |
| 9 | TJX | TJX COS INC NEW | 3.57M | $571M | 2.0% | −4% |
| 10 | CNI | CANADIAN NATL RY CO | 5.43M | $558M | 1.9% | −7% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other49.1% (+3pp)
Financial Services14.1% (±0)
Technology9.6% (−4pp)
Retail8.6% (±0)
Semiconductors8.6% (+1pp)
Media5.9% (−1pp)
§ 03 · THE FIERA SIGNAL
AC read
Fiera Capital Corp is a Quality / Compounder fund managing $30.9 billion in assets. The fund runs a broad portfolio of 685 positions, broad diversification across holdings, with the top 10 accounting for 27%. Trading activity is aggressive at 55% quarterly turnover, with 41 new positions and 0 exits last quarter. Top sector allocations: Other (49%), Financial Services (14%), Technology (10%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+41 buys · −0 exits · 336 changed
Q4 2025
Busy quarter
+35 buys · −0 exits · 346 changed
Q3 2025
Busy quarter
+28 buys · −0 exits · 363 changed
Q2 2025
Busy quarter
+46 buys · −0 exits · 350 changed