CLARET ASSET MANAGEMENT CORP other names

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Adviser Profile

As of Date:

03/18/2024

Adviser Type:

- Large advisory firm
- Outside the United States

Number of Employees:

41 5.13%

of those in investment advisory functions:

17 6.25%

Registration:

SEC, Approved, 11/18/1997

AUM:

1,790,157,123 13.69%

of that, discretionary:

1,790,157,123 13.69%

Private Fund GAV:

297,288,454 17.78%

Avg Account Size:

445,978 6.24%

% High Net Worth:

15.88% 13.18%

SMA’s:

YES

Private Funds:

7

Contact Info

514 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 779M 520M 260M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Is it Still Safe to Keep Your Tesla (TSLA) Shares?
12/07/2023

Claret Asset Management, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. As indicated by the fund, following the second-best first half of the century, the market bulls faced challenges in the third quarter of 2023. The S&P 500 recorded a loss of 3.27% in […]

Insider Monkey

Here’s Why You Should Keep an Eye on Your Microsoft (MSFT) Investment
12/07/2023

Claret Asset Management, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. As indicated by the fund, following the second-best first half of the century, the market bulls faced challenges in the third quarter of 2023. The S&P 500 recorded a loss of 3.27% in […]

Insider Monkey

Would You Still Dare to Invest in NVIDIA Corporation (NVDA)?
12/07/2023

Claret Asset Management, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. As indicated by the fund, following the second-best first half of the century, the market bulls faced challenges in the third quarter of 2023. The S&P 500 recorded a loss of 3.27% in […]

Insider Monkey

Should You Still Consider to Acquire Meta Platforms (META) Shares?
12/07/2023

Claret Asset Management, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. As indicated by the fund, following the second-best first half of the century, the market bulls faced challenges in the third quarter of 2023. The S&P 500 recorded a loss of 3.27% in […]

Insider Monkey

Is Apple (AAPL) Still a Worthy Investment Pick?
12/07/2023

Claret Asset Management, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. As indicated by the fund, following the second-best first half of the century, the market bulls faced challenges in the third quarter of 2023. The S&P 500 recorded a loss of 3.27% in […]

Insider Monkey

Is Still Safe to Invest in Amazon (AMZN)?
12/07/2023

Claret Asset Management, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. As indicated by the fund, following the second-best first half of the century, the market bulls faced challenges in the third quarter of 2023. The S&P 500 recorded a loss of 3.27% in […]

Insider Monkey


Private Funds Structure

Fund Type Count GAV
Other Private Fund 7 $297,288,454

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
656811106 NORTH AMERN CONSTR GROUP LTD $38,727 7.00% -15.00% -2.00%
12532H104 CGI INC $40,746 7.00% -9.00% 0.00%
594918104 MICROSOFT CORP $31,217 6.00% 3.00% -3.00%
30303M102 META PLATFORMS INC $28,299 5.00% 0.00% -4.00%
02079K305 ALPHABET INC $28,570 5.00% 18.00% -2.00%
00287Y109 ABBVIE INC $23,024 4.00% -10.00% -4.00%
681116109 OLLIES BARGAIN OUTLET HLDGS $24,742 4.00% 0.00% -19.00%
67401P405 OAKTREE SPECIALTY LENDING CO $23,508 4.00% 0.00% 5.00%
90384S303 ULTA BEAUTY INC $19,577 3.00% 0.00% 35.00%
74880P104 QUIPT HOME MEDICAL CORP $14,714 3.00% -25.00% 2.00%

Brochure Summary

Overview

A. DESCRIPTION OF OUR ADVISORY FIRM, INCLUDING HOW LONG WE HAVE BEEN IN BUSINESS AND OUR PRINCIPAL OWNER(S) Claret is a Canadian based portfolio management firm, managing private portfolios mainly for clients in North America. Our firm was founded in 1996. Our principal office is located at 900 de Maisonneuve O., Suite 1900 in Montreal, Quebec, Canada. Claret manages investment on behalf of individuals. Assets under management are approximately $1.8 billion U.S. dollars as of December 31, 2023. Through their respective holding companies, William K. Kovalchuk, President, owns 25% of the voting shares, Alain D. Chung, Chairman and Chief Investment Officer, owns 55% of the voting shares and Jean-Paul Giacometti, Vice President, owns 20% of the voting shares. B. DESCRIPTION OF THE TYPES OF ADVISORY SERVICES WE OFFER Claret is a single purpose organization which provides investment management services only. We create portfolios consisting of bonds/fixed income securities as well as North American and international equities/stocks. The objective is to add value through security selection. Portfolio volatility or risk is managed by diversification. We do trade in options and derivatives if it is in the clients’ best interest. Our style primarily emphasizes buying securities that are trading at low valuations that have sound businesses and strong balance sheets. Further information is available upon request. C. EXPLANATION OF HOW WE TAILOR OUR SERVICES TO THE INDIVIDUAL NEEDS OF CLIENTS We spend time to get to know you, our client, to review and discuss your current financial situation. Areas of review will focus on, but are not be limited to, your: (i) goals and objectives;
(ii) asset and liabilities; (iii) liquidity needs; (iv) risk tolerance; (v) tax status; (vi) legal constraints (such as being a corporate insider, officer or director) and (vii) other variables relevant to understanding your unique investment circumstances including any unique preferences. This approach is based on the CFA Institute (Chartered Financial Analyst Institute) guidelines to portfolio management. We also spend time explaining our investment style to ensure that your expectations will be met. Together we develop the investment guidelines and establish the asset mix and ranges we will follow when managing your portfolio. This information can be found in our investment policy statement. All portfolios are managed on a segregated basis, meaning they are managed in the clients’ name and securities are held in the clients’ accounts. This allows us to respect your wishes and exclude any securities you may not wish to hold such as securities issued by alcohol or tobacco companies for example. We tailor your portfolio to your wishes using our research methodology. Portfolio management software and accounting software allow us to create a tailored portfolio. D. WRAP FEE PROGRAMS Claret does not engage in wrap fee programs. Therefore, this part is not applicable. E. CLIENT ASSETS MANAGED ON A DISCRETIONARY BASIS Claret manages portfolios on a discretionary basis which means that you sign a contract which gives us the authority to buy and sell securities within your account(s) without having to first ask your permission to do so. Claret had approximately $1.8 billion U.S. dollars under management as of December 31, 2023.