1832 Asset Management L.P.

1832 Asset Management employs an active, low-turnover growth style, emphasizing long-term fundamental conviction over short-term trading. The portfolio is highly concentrated in Financial Services at 20.1% and Technology at 18.4%, with top holdings including Toronto Dominion Bank (2.6%), Royal Bank of Canada (2.5%), and Microsoft Corp (2.2%). The top 15 holdings represent only 24.0% of the portfolio, while the fund holds over 640 positions, indicating a diversified approach that balances conviction in core names with broad sector exposure. This positioning reveals a strategy of maintaining significant exposure to Canadian financials and global technology leaders, while the low turnover suggests a patient, buy-and-hold discipline focused on quality growth.