Stantec's 15min chart shows Bollinger Bands Narrowing, Bearish Marubozu pattern.

Stantec's 15-minute chart has recently exhibited Bollinger Bands Narrowing and a Bearish Marubozu pattern at 09/03/2025 13:30. This indicates that the magnitude of stock price fluctuations is decreasing, suggesting that sellers are currently in control of the market. Furthermore, this bearish momentum is likely to persist in the short-term.

Title: Mawer Canada Fund's Q2 2025 Portfolio Changes and Implications for Investors

Mawer Canada Fund (Trades, Portfolio), a prominent Canadian equity fund, has released its second-quarter 2025 report, offering insights into its strategic investment decisions. The fund, known for its focus on smaller Canadian companies and long-term growth, employs a disciplined, research-driven bottom-up approach to portfolio management.

Key Changes in the Second Quarter

# New Additions
The fund added four new stocks to its portfolio in the second quarter of 2025. The most significant addition was Sprott Inc (TSX:SII), with 390,497 shares representing 2.53% of the portfolio and valued at C$36.81 million. Computer Modelling Group Ltd (TSX:CMG) was the second-largest addition, with 1,778,424 shares valued at C$12.82 million. Knight Therapeutics Inc (TSX:GUD) was the third-largest addition, with 1,840,780 shares valued at C$10.73 million.

# Key Position Increases
The fund also increased its stakes in 15 stocks. The most notable increase was in Kraken Robotics Inc (TSXV:PNG), with an additional 10,485,326 shares, representing a 141.2% increase in share count and impacting the portfolio by 2.21% with a total value of C$54.99 million. Stantec Inc (TSX:STN) saw an increase of 173,462 shares, bringing the total to 472,264 shares, representing a 58.05% increase in share count and a total value of C$69.98 million.

# Sold Holdings
The fund exited four holdings in the second quarter. Notably, it sold all 1,814,104 shares of Softchoice Corp (TSX:SFTC), resulting in a -3.14% impact on the portfolio. It also liquidated all 11,235,178 shares of Converge Technology Solutions Corp (TSX:CTS), causing a -2.63% impact on the portfolio.

# Key Position Reduces
The fund reduced its position in 18 stocks. The most significant reduction was in TerraVest Industries Inc (TSX:TVK), with a reduction of 206,378 shares, resulting in a -28.84% decrease in shares and a -1.65% impact on the portfolio. Boyd Group Services Inc (TSX:BYD) saw a reduction of 74,893 shares, resulting in a -40.87% reduction in shares and a -1.16% impact on the portfolio.

Portfolio Overview
As of the second quarter of 2025, the portfolio included 39 stocks. The top holdings were 5.91% in TerraVest Industries Inc (TSX:TVK), 5.51% in Element Fleet Management Corp (TSX:EFN), 5.32% in Stella-Jones Inc (TSX:SJ), 4.99% in Trisura Group Ltd (TSX:TSU), and 4.81% in Stantec Inc (TSX:STN). The holdings are mainly concentrated in nine of the eleven industries: Industrials, Energy, Financial Services, Technology, Consumer Cyclical, Real Estate, Basic Materials, Healthcare, and Consumer Defensive.

Technical Analysis Insights
Stantec Inc (TSX:STN) has recently exhibited a narrowing of Bollinger Bands and a Bearish Marubozu pattern on its 15-minute chart as of September 3, 2025, at 13:30. This technical indicator suggests a decrease in the magnitude of stock price fluctuations, indicating that sellers are currently in control of the market. This bearish momentum is likely to persist in the short term, which could impact the stock's performance.

Conclusion
Mawer Canada Fund's strategic adjustments in the second quarter of 2025 reflect its disciplined approach to portfolio management. The fund's focus on long-term growth and its ability to navigate market volatility make it a noteworthy player in the Canadian equity market. Investors should closely monitor the fund's performance and the technical indicators of its holdings to make informed decisions.

References
[1] https://finance.yahoo.com/news/mawer-canada-fund-exits-softchoice-170133665.html