Hey there. I actually just took some profits on my Aritzia position today. This was a chunk of the position I added to my TFSA at the bottoms in 2023 and the position was up 200%~. I reduced the position from 3% to 2%. I'm still bullish on Aritzia but I am fairly strict when it comes to allocations to retail companies, particularly fashion retail companies. I think this just comes from my past when I owned Canada Goose. I booked profits at the top of that run but not enough and it ended up failing.
I would call both of these companies fairly valued. Aritzia has gotten a bit ahead of itself over the short-term here however if it continues its momentum in the United States I could easily see it growing into the high valuation it trades at right now (27x expected earnings).
I also trimmed my National Bank position at the end of last year. This wasn't anything to do with National specifically but was more so due to the fact my financials had such a large runup in 2024 I was heavily over-allocated.
I wouldn't be personally looking to move on from either of these companies. However, I am making sure allocations are within my desired target. Allows me to book profits and still have my intended exposure to both of them. Obviously, allocations are going to be completely dependent on the individual.