SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Fiera Capital Corp

CIK 0001505817 · 1981 MCGILL COLLEGE AVENUE, SUITE 1500, MONTREAL, A8, H3A 0H5 · 514-954-3300

Reported Value
$34.6B
Q2 2023
Positions
729
Filings on Record
39
2019–present window
Filed
Aug 9, 2023
original filing

Summary

Fiera Capital Corp reported $34.6B in U.S.-listed holdings across 729 positions for Q2 2023.

Its largest position, MSFT, represents 5.3% of the portfolio.

Compared with Q1 2023, the fund opened 39 new positions and exited 41.

Portfolio Metrics

Turnover
+6.0%
vs prior filed quarter
Top-10 Concentration
+29.5%
share of reported value
Largest Position
+5.3%
Microsoft
New / Exited
39 / 41
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $22.1BQ4 ’18Q1 ’19: $25.6BQ2 ’19: $26.4BQ3 ’19: $26.8BQ4 ’19: $30.0BQ4 ’19Q1 ’20: $23.9BQ2 ’20: $29.7BQ3 ’20: $33.7BQ4 ’20: $37.2BQ4 ’20Q1 ’21: $34.7BQ2 ’21: $39.1BQ3 ’21: $38.9BQ4 ’21: $42.6BQ4 ’21Q1 ’22: $38.5BQ2 ’22: $33.7BQ3 ’22: $27.9BQ4 ’22: $32.2BQ4 ’22Q1 ’23: $33.5BQ2 ’23: $34.6BQ3 ’23: $31.3BQ4 ’23: $32.6BQ4 ’23Q1 ’24: $34.3BQ2 ’24: $34.3BQ3 ’24: $33.3BQ4 ’24: $31.8BQ4 ’24Q1 ’25: $27.7BQ2 ’25: $29.5BQ3 ’25: $30.9BQ4 ’25: $31.5BQ4 ’25Q1 ’26: $29.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.8%ADR: 6.5%Other: 3.0%ETP: 2.0%Closed-End Fund: 0.6%Other: 0.0%
  • Common Stock · 87.8% · $30.3B
  • ADR · 6.5% · $2.3B
  • Other · 3.0% · $1.0B
  • ETP · 2.0% · $706M
  • Closed-End Fund · 0.6% · $201M
  • Other · 0.0% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CPCANADIAN PACIFIC KANSAS CITYNEW+5.24M5.24M+$424M$424M
TRI4EURTHOMSON REUTERS CORP.NEW+2.92M2.92M+$394M$394M
RBARB GLOBAL INCNEW+2.50M2.50M+$150M$150M
SRPTSAREPTA THERAPEUTICS INCNEW+282.4K282.4K+$32M$32M
IMCRIMMUNOCORE HLDGS PLCNEW+521.3K521.3K+$31M$31M
ATSATS CORPORATIONNEW+575.5K575.5K+$27M$27M
XENEXENON PHARMACEUTICALS INCNEW+549.3K549.3K+$21M$21M
TDWTIDEWATER INC NEWNEW+168.8K168.8K+$9M$9M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM7.06%$2.4B7.16M
2DUTMOODYS CORPhistory →COM4.62%$1.6B4.59M
3GOOGLALPHABET INChistory →CAP STK CL A4.39%$1.5B12.69M
4TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS4.20%$1.5B14.40M
5MAMASTERCARD INCORPORATEDhistory →CL A3.90%$1.3B3.42M
6AZOAUTOZONE INChistory →COM3.80%$1.3B526.3K
7UNHUNITEDHEALTH GROUP INChistory →COM3.17%$1.1B2.28M
8JNJJOHNSON & JOHNSONhistory →COM2.82%$973M5.88M
9TJXTJX COS INC NEWhistory →COM2.64%$914M10.78M
10ORCLORACLE CORPhistory →COM2.48%$858M7.21M
11SHWSHERWIN WILLIAMS COhistory →COM2.25%$777M2.93M
12PEPPEPSICO INChistory →COM2.18%$753M4.06M
13GGGGRACO INChistory →COM2.07%$714M8.27M
14CMECME GROUP INChistory →COM1.67%$577M3.12M
15OTISOTIS WORLDWIDE CORPhistory →COM1.65%$569M6.39M
16MSCIMSCI INChistory →COM1.55%$535M1.14M
17BDXBECTON DICKINSON & COhistory →COM1.37%$473M1.79M
18CNRCANADIAN NATL RY COhistory →COM1.36%$470M3.88M
19MTDMETTLER TOLEDO INTERNATIONALhistory →COM1.32%$458M349.0K
20HDBHDFC BANK LTDhistory →SPONSORED ADS1.26%$436M6.25M
21NKENIKE INChistory →CL B1.24%$430M3.90M
22CPCANADIAN PACIFIC KANSAS CITYhistory →COM1.22%$423M5.23M
23RYROYAL BK CDAhistory →COM1.15%$399M4.17M
24CARRCARRIER GLOBAL CORPORATIONhistory →COM1.14%$395M7.95M
25TRI4EURTHOMSON REUTERS CORP.history →COM1.14%$394M2.92M
26GIB/ACGI INChistory →CL A SUB VTG1.13%$389M3.69M
27TDTORONTO DOMINION BK ONThistory →COM NEW1.00%$345M5.57M
28SPGIS&P GLOBAL INChistory →COM0.82%$285M710.8K
29WCNWASTE CONNECTIONS INChistory →COM0.80%$278M1.94M
30TTELUS CORPORATIONhistory →COM0.79%$272M13.97M
31BMOBANK MONTREAL QUEhistory →COM0.77%$265M2.93M
32LINDE PLCSHS0.72%$249M652.8K
33LOWLOWES COS INChistory →COM0.70%$241M1.07M
34NDQINVESCO QQQ TRhistory →UNIT SER 10.63%$216M584.8K
35QSRRESTAURANT BRANDS INTL INChistory →COM0.62%$213M2.74M
36VANGUARD INDEX FDSS&P 500 ETF SHS0.60%$209M512.4K
37ADIANALOG DEVICES INChistory →COM0.56%$195M998.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$29.2B684May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$31.5B682Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$30.9B685Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$29.5B694Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$27.7B712May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$31.8B684Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$33.3B683Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$34.3B708Aug 22, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2024$34.3B740May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$32.6B773Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$31.3B762Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$34.6B729Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$33.5B733Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$32.2B761Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$27.9B780Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$33.7B803Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$38.5B823May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$42.6B838Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$38.9B830Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$39.1B812Aug 16, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$34.7B834May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$37.2B1,154Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$33.7B1,133Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$29.7B1,176Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$23.9B1,206May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$30.0B1,192Feb 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$26.8B1,149Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$26.4B939Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$25.6B1,171May 13, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$22.1B1,154Feb 12, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 4 additional managers.

  • CI Investments Inc.028-10064
  • Russell Investments Group, Ltd.028-17598
  • Fiera Capital Inc.028-04930
  • Fiera Capital (UK) Ltd028-22511

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.