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Alimentation Couche-Tard Inc
Symbol ATD
Shares Issued 948,064,405
Close 2025-07-14 C$ 68.90
Market Cap C$ 65,321,637,505
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Globe says Del Vicario's Couche-Tard love only blossoms

2025-07-14 07:45 ET - In the News

The Globe and Mail reports in its Saturday edition that Jason Del Vicario's approach to investing is to choose stocks he can commit to long term, then hunker down. The Globe's Brenda Bouw writes that the portfolio manager with Vancouver's Hillside Wealth Management at iA Private Wealth has owned some stocks since he created his fund 11 years ago -- three of which make up about one-third of his equity portfolio. "It speaks to our concentrated approach," says Mr. Del Vicario, who oversees about $275-million in assets. One of these holdings is Alimentation Couche-Tard. He bought the stock in 2014 at about $18 a share and added to it in early 2021 at $38 and earlier in 2025 at $68. It makes up about 5 per cent of his equity portfolio. "It's a strong operator and has done a fabulous job acquiring other convenience stores and chains, and delivering strong returns and profits," Mr. Del Vicario says. "We have some concerns about the prolonged takeover offer for Japan's Seven & i Holdings over the past year, which has weighed on the stock. We hope the company isn't successful so it can just go back to its bread and butter of smaller acquisitions. If the acquisition doesn't work out, we believe the company will still be fine."

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