10 Best Performing Canadian Stocks in 2025

6. Brookfield Corporation (NYSE:BN)

1-Year Returns: 50.98%

Number of Hedge Fund Holders: 37

Brookfield Corporation (NYSE:BN) is a Canadian multinational corporation that ranks among the world’s largest alternative investment management companies. Brookfield is known for handling direct control investments in real estate, renewable energy, infrastructure, credit, and private equity.

On February 11, JPMorgan analyst Kenneth Worthington lowered Brookfield Corporation’s (NYSE:BN) price target to $61 from $65. Despite this shift, the analyst retains his Overweight rating on the stock. Worthington highlighted Brookfield’s continuing fundraising activities, which are likely to dramatically increase the company’s fee-earning assets and income, which are now valued at $93.22 billion. This increase is expected to be driven mostly by the company’s flagship goods, with additional help from perpetual funding and the introduction of new items.

Brookfield Corporation (NYSE:BN) announced record financial results for 2024, with distributable profits before realizations up 15% to $4.9 billion. The company’s asset management business had inflows of more than $135 billion, with fee-bearing capital increasing 18% to $539 billion, while its wealth solutions business nearly quadrupled its profitability over the preceding year on account of the American Equity Life acquisition and organic development.

Third Point Management stated the following regarding Brookfield Corporation (NYSE:BN) in its Q4 2024 investor letter:

“Last summer we initiated a position in Brookfield Corporation (NYSE:BN). Brookfield is one of the largest global alternative asset managers with over $500 billion in fee-earning AUM. We believe Brookfield is uniquely positioned to be a beneficiary of the secular growth tailwinds around infrastructure, where it is the preeminent global franchise, and private credit, where it is a top player with $250 billion in fee-earning credit assets. These are two of the fastest growing asset classes within alternatives.

We believe infrastructure is poised to benefit from the dual tailwinds of the enormous global funding gap in traditional infrastructure – estimated at $100 trillion of required investment through 2040 – and significant new demand for digital infrastructure to support data and compute needs. Brookfield has a long track record of first quartile returns within its global infrastructure business and a 100+ year history as an owner-operator of real assets that predates its asset management franchise. In 2022, it raised its offshoot Global Transition fund at in our view an impressive $13 billion first vintage, and in 2023, it closed on the largest infrastructure drawdown fund ever raised at $28 billion..” (Click here to read the full text)