Rempart Asset Management 13F annual report
Rempart Asset Management is an investment fund managing more than $507 billion ran by David Stenason. There are currently 42 companies in Mr. Stenason’s portfolio. The largest investments include Microsoft and Costco Wholesale Corp, together worth $71.8 billion.
$507 billion Assets Under Management (AUM)
As of 28th June 2024, Rempart Asset Management’s top holding is 80,471 shares of Microsoft currently worth over $36 billion and making up 7.1% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Rempart Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 42,153 shares of Costco Wholesale Corp worth $35.8 billion, whose value grew 31.5% in the past six months.
The third-largest holding is Thermo Fisher Scientific worth $25.7 billion and the next is Jpmorgan Chase worth $25.6 billion, with 126,714 shares owned.
Currently, Rempart Asset Management's portfolio is worth at least $507 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Rempart Asset Management
The Rempart Asset Management office and employees reside in Montreal, Canada (federal Level). According to the last 13-F report filed with the SEC, David Stenason serves as the Chief Compliance Officer at Rempart Asset Management.
Recent trades
In the most recent 13F filing, Rempart Asset Management revealed that it had opened a new position in
NVIDIA Corp and bought 2,180 shares worth $269 million.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
0.5%
of the fund's Technology sector allocation and has decreased its share price by 69.7% in the past year.
The investment fund also strengthened its position in Royal Bank Of Canada by buying
11,512 additional shares.
This makes their stake in Royal Bank Of Canada total 224,293 shares worth $23.9 billion.
Royal Bank Of Canada soared 13.9% in the past year.
On the other hand, David Stenason disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $36 billion and 80,471 shares.
One of the average hedge funds
The two most similar investment funds to Rempart Asset Management are Well Done and Sherborne Investors Management L.P.. They manage $507 billion and $507 billion respectively.
David Stenason investment strategy
Rempart Asset Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Staples — making up 12.0% of
the total portfolio value.
The fund focuses on investments in the United States as
40.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
60% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $255 billion.
The complete list of Rempart Asset Management trades based on 13F SEC filings
These positions were updated on July 5th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
4.91%
80,471
|
$35,966,513,000 | 7.09% |
| Costco Wholesale Corp |
5.87%
42,153
|
$35,829,628,000 | 7.06% |
| Thermo Fisher Scientific Inc. |
3.03%
46,422
|
$25,671,366,000 | 5.06% |
| Jpmorgan Chase |
2.88%
126,714
|
$25,629,174,000 | 5.05% |
| Colgate-Palmolive Co. |
2.36%
259,090
|
$25,142,094,000 | 4.95% |
| Roper Technologies Inc |
1.85%
44,442
|
$25,050,178,000 | 4.94% |
| Wells Fargo |
3.03%
402,335
|
$23,894,676,000 | 4.71% |
| Royal Bank Of Canada |
5.41%
224,293
|
$23,864,269,000 | 4.70% |
| Nvent Electric |
2.78%
310,045
|
$23,752,547,000 | 4.68% |
| Canadian Natural Resources Ltd. |
96.61%
658,856
|
$23,453,564,000 | 4.62% |
| Visa Inc |
0.25%
86,217
|
$22,629,376,000 | 4.46% |
| Cn Railway |
0.45%
185,308
|
$21,883,595,000 | 4.31% |
| Suncor Energy, Inc. |
0.34%
543,487
|
$20,704,531,000 | 4.08% |
| Becton Dickinson |
1.89%
83,477
|
$19,509,410,000 | 3.84% |
| Lowes |
2.87%
85,444
|
$18,836,984,000 | 3.71% |
| Johnson Controls |
0.24%
283,323
|
$18,832,480,000 | 3.71% |
| Bank of Montreal |
0.49%
223,993
|
$18,789,349,000 | 3.70% |
| CGI Inc |
1.08%
188,225
|
$18,775,475,000 | 3.70% |
| Ulta Beauty Inc |
97.59%
37,037
|
$14,291,467,000 | 2.82% |
| Stryker Corp. |
12.82%
39,166
|
$13,326,232,000 | 2.63% |
| Stanley Black Decker |
2.94%
112,404
|
$8,979,956,000 | 1.77% |
| Brookfield Renewable Corporation |
8.70%
294,795
|
$8,346,912,000 | 1.64% |
| Brookfield Renewable Energy |
5.09%
333,405
|
$8,244,280,000 | 1.62% |
| Verizon |
2.39%
148,020
|
$6,104,345,000 | 1.20% |
| Td Bank |
31.25%
73,750
|
$4,051,369,000 | 0.80% |
| Intel Corp. |
13.60%
89,630
|
$2,775,841,000 | 0.55% |
| Apple Inc |
4.80%
11,507
|
$2,423,604,000 | 0.48% |
| Johnson Johnson |
55.98%
15,480
|
$2,262,557,000 | 0.45% |
| Home Depot, Inc. |
No change
6,021
|
$2,072,669,000 | 0.41% |
| Telus Corp. |
3.44%
80,688
|
$1,220,706,000 | 0.24% |
| Trimble Inc |
5.42%
17,440
|
$975,245,000 | 0.19% |
| Stantec Inc |
No change
10,556
|
$883,162,000 | 0.17% |
| Emerson Electric Co. |
5.56%
4,750
|
$523,260,000 | 0.10% |
| Berkshire Hathaway Inc. |
24.27%
1,024
|
$416,563,000 | 0.08% |
| Sun Life Financial, Inc. |
11.14%
7,581
|
$371,485,000 | 0.07% |
| BCE Inc |
16.48%
11,400
|
$369,002,000 | 0.07% |
| Procter Gamble |
8.75%
2,088
|
$344,353,000 | 0.07% |
| NVIDIA Corp |
Opened
2,180
|
$269,317,000 | 0.05% |
| Imperial Oil Ltd. |
No change
3,950
|
$269,158,000 | 0.05% |
| TC Energy Corporation |
No change
6,730
|
$254,959,000 | 0.05% |
| Walt Disney |
No change
2,425
|
$240,778,000 | 0.05% |
| NextEra Energy Inc |
Opened
3,200
|
$226,592,000 | 0.04% |
| No transactions found | |||
| Showing first 500 out of 42 holdings | |||
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