Claret Asset Management Amends Alithya Group Stake

TL;DR

**Claret Asset Management still holds Alithya Group stock, a good sign for investors.**

AI Summary

Claret Asset Management Corp. filed an amended Schedule 13G/A on January 31, 2024, indicating their ownership of Alithya Group Inc.'s Class A subordinate voting stock as of December 31, 2023. This filing, Amendment No. 6, updates their previous disclosures, showing their continued passive investment in the company. This matters to investors because it confirms a significant institutional investor maintains a position in Alithya, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing shows that a major institutional investor, Claret Asset Management, continues to hold a position in Alithya Group Inc., which can be a positive signal for other investors.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive investor and does not indicate any immediate risks or significant changes in company control.

Analyst Insight

Investors should note that Claret Asset Management Corp. continues to hold a passive stake in Alithya Group Inc. This is a routine update and doesn't suggest any immediate action, but it's worth monitoring future filings for any significant changes in their ownership percentage.

Key Players & Entities

• Claret Asset Management Corp. (company) — the reporting person filing the SC 13G/A
• Alithya Group Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 31, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 6 (number) — the specific amendment number of the filing

FAQ

Filing Documents

• d730186dsc13ga.htm (SC 13G/A) — 37KB
• 0001193125-24-019606.txt ( ) — 39KB

From the Filing

SC 13G/A 1 d730186dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6)* Alithya Group Inc. (Name of Issuer) Class A subordinate voting stock (Title of Class of Securities) 01643B106 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 01643B106 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON Claret Asset Management Corporation 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 5,385,495 6. SHARED VOTING POWER 7. SOLE DISPOSITIVE POWER 5,385,495 8. SHARED DISPOSITIVE POWER 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,385,495 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.09% 12. TYPE OF REPORTING PERSON IA CUSIP No. 01643B106 13G Page 3 of 5 Pages Item1(a). Name of Issuer: Alithya Group Inc. Item1(b). Address of Issuers Principal Executive Offices: 1100 Robert-Bourassa Blvd., Suite 400, Montreal, Quebec, Canada H3B 3A5 Item2(a). Name of Person Filing: Claret Asset Management Corporation (CAMC) Item2(b). Address of Principal Business Office or, if none, Residence: 900 de Maisonneuve O., Suite 1900, Montreal, Quebec, Canada H3A 0A8 Item2(c). Citizenship: Quebec, Canada Item2(d). Title of Class of Securities: Class A subordinate voting stock (the Common Shares) Item2(e). CUSIP Number: 01643B106 Item3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), indicate type of person filing. An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) Item4. (a) Amount beneficially owned: 5,385,495 (b) Percent of class: 6.09% (c) Number of shares as to which such person has: (i)Sole power to vote or direct the vote: 5,385,495 (ii)Shared power to vote or direct the vote: (iii)Sole power to dispose or to direct the disposition of: 5,385,495 (iv)Shared power to dispose or to direct the disposition of: CUSIP No. 01643B106 13G Page 4 of 5 Pages Percent of class is based on (i) the number of Common Shares that may be deemed to be beneficially owned by CAMC as of December 31, 2023, and (ii) 88,365,511 Class A Subordinate Voting Shares issued and outstanding as of November 12, 2023, as reported by the issuer in its Managements Discussion and Analysis of Financial Condition and Results of Operations filed as an exhibit to its Form 6-K filed with the Securities and Exchange Commission on November 14, 2023. Item5. Not applicable. Item6. Other persons have the right to receive proceeds from the sale of securities reflected herein. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable. Item8. Identification and Classification of Members of the Group. Not applicable. Item9. Notice of Dissolution of Group. Not applicable. Item10. Certifications. By signing below, the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 29, 2024 Claret Asset Management Corporation By: /s/ Monique Gravel Name: Monique Gravel Title: Chief Executive Officer

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View this SC 13G/A filing on SEC EDGAR