CA
Cidel Asset Management Inc — 13F Filing & Top Stock Positions (Q2 2026)
Cidel Asset Management IncCIK: 0001621915
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$2.1B
Reporting period: 2026-06-30 · Number of holdings: 480
CIDEL ASSET MANAGEMENT INC disclosed 480 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.1B and a quarterly turnover rate of 37.5%.
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Personality snowflake
- Concentration
- 6.08
- Portfolio Stability
- 37.51
- Momentum
- 100
- Sector conviction
- 44.74
- Diversification
- 100
- Sizing Uniformity
- 74.89
Cidel Asset Management Inc's disclosed holdings carry a Herfindahl concentration index of 0.015 — mathematically equivalent to about 66 equally-sized positions, well below its 480 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.51), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd BMO
+125.1% $34.3M
Add KO
+2091.3% $28.2M
Trim ABT
-44.8% -$21.7M
Add AAPL
+45.2% $32.2M
Trim AQN
-99.2% -$21.4M
Trim RBA
-37.1% -$13.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 480 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | RY | Royal Bank Of Canada | Stock-Financials | 5.19% | +0.32% | -5.84% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 3.91% | +1.23% | +45.21% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 2.66% | +0.51% | +22.66% | |
| 4 | TD | Toronto-dominion Bank | Stock-Financials | 2.62% | -0.29% | -21.73% | |
| 5 | BMO | Bank Of Montreal | Stock-Financials | 2.50% | +1.54% | +125.11% | |
| 6 | FTS | Fortis Inc | Stock-Utilities | 2.50% | -0.48% | -7.59% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 2.38% | -0.15% | +6.02% | |
| 8 | CNI | Canadian Natl Railway Co | Stock-Industrials | 2.32% | -0.57% | -21.67% | |
| 9 | AZN | AstraZeneca PLC | Stock-Healthcare | 2.14% | -0.87% | -16.04% | |
| 10 | V | Visa Inc-class A Shares | Stock-Financials | 2.12% | +0.04% | +1.60% | |
| 11 | RBA | Rb Global Inc | Stock-Industrials | 2.11% | -1.02% | -37.09% | |
| 12 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 2.11% | -0.41% | -22.26% | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.88% | +0.56% | +40.70% | |
| 14 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 1.84% | -0.95% | -24.10% | |
| 15 | MFC | Manulife Financial CORP | Stock-Financials | 1.61% | +0.83% | +98.85% | |
| 16 | WCN | Waste Connections Inc | Stock-Industrials | 1.59% | -0.09% | +4.22% | |
| 17 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.53% | +0.02% | +3.67% | |
| 18 | CMS | Cms Energy CORP | Stock-Utilities | 1.49% | -0.20% | +1.89% | |
| 19 | BNS | Bank Of Nova Scotia | Stock-Financials | 1.48% | +0.87% | +119.13% | |
| 20 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.42% | +1.35% | +2091.28% | |
| 21 | J | Jacobs Solutions Inc | Stock-Industrials | 1.38% | -0.63% | -21.60% | |
| 22 | WEC | Wec Energy Group Inc | Stock-Utilities | 1.25% | -0.13% | +2.07% | |
| 23 | ASML | ASML Holding N.V. | Stock-Tech | 1.23% | +0.49% | +24.66% | |
| 24 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.15% | +0.16% | +0.95% | |
| 25 | MU | Micron Technology Inc | Stock-Tech | 1.14% | +0.78% | +3.95% | |
| 26 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 1.10% | +0.49% | +101.13% | |
| 27 | COP | Conocophillips | Stock-Energy | 1.07% | -0.45% | +0.89% | |
| 28 | CP | Canadian Pacific Kansas City | Stock-Industrials | 1.07% | -0.63% | -35.85% | |
| 29 | MAR | Marriott International -cl A | Stock-Consumer Disc | 1.06% | -0.47% | -30.96% | |
| 30 | MSI | Motorola Solutions Inc | Stock-Tech | 1.02% | — | +17.69% | |
| 31 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 1.00% | -0.49% | -29.25% | |
| 32 | ABT | Abbott Laboratories | Stock-Healthcare | 0.99% | -1.32% | -44.81% | |
| 33 | SU | Suncor Energy Inc | Stock-Energy | 0.98% | +0.48% | +170.59% | |
| 34 | TEL | TE Connectivity plc | Stock-Tech | 0.97% | +0.97% | NEW | |
| 35 | AMD | Advanced Micro Devices | Stock-Tech | 0.96% | +0.34% | -38.48% | |
| 36 | CNQ | Canadian Natural Resources | Stock-Energy | 0.94% | +0.50% | +198.89% | |
| 37 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.92% | +0.77% | +795.28% | |
| 38 | PXH | Inves Rafi Emer Mrkt-usd Inc | ETF-Other | 0.88% | -0.03% | +6.28% | |
| 39 | SAP | Sap Se-sponsored Adr | Stock-Tech | 0.83% | -0.51% | -22.12% | |
| 40 | WM | Waste Management Inc | Stock-Industrials | 0.80% | -0.08% | +6.26% | |
| 41 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.80% | -0.02% | — | |
| 42 | GNTX | Gentex CORP | Stock-Consumer Disc | 0.80% | +0.03% | +1.28% | |
| 43 | FNV | Franco-nevada CORP | Stock-Materials | 0.79% | +0.76% | +3028.10% | |
| 44 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.74% | +0.73% | +7896.40% | |
| 45 | WTW | Willis Towers Watson Public Limited Company | Stock-Financials | 0.73% | -0.87% | -42.06% | |
| 46 | CVE | Cenovus Energy Inc | Stock-Energy | 0.70% | +0.70% | NEW | |
| 47 | PBA | Pembina Pipeline CORP | Stock-Energy | 0.68% | +0.07% | +22.01% | |
| 48 | STGW | Stagwell Inc | Stock-Other | 0.67% | -0.03% | -7.91% | |
| 49 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.67% | -0.06% | +2.80% | |
| 50 | CBOE | Cboe Global Markets Inc | Stock-Financials | 0.66% | -0.56% | -28.92% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+4.6%
Performance Last 4 Quarters
+13.1%
- Stdev
- +11.6%
- Beta
- +0.76
- Alpha
- -0.9%
- Max Drawdown
- -5.2%
- Annualized Perf
- +14.6%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.3
- Stutzer
- +0.36
- Treynor
- +0.19
- Sterling
- +0.99
- Calmar
- +2.79
- Information Ratio
- -0.84
- Tracking Error
- +6.8%
- Stdev Down
- +6.2%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +28.6%
- Worst 12 Months
- +4.9%
- Efficiency Ratio
- +0.51
- Sharpe
- +1.24
- Stdev Sectors
- +7.3%
- Skewness
- +0.07
- Kurtosis
- +0.41
- Upside Potential
- +3.81
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 480 | $2.1B | 38 | ||
| 2026 Q1 | 436 | $1.8B | 51 | ||
| 2025 Q4 | 365 | $1.4B | 29 | ||
| 2025 Q3 | 357 | $1.7B | 26 | ||
| 2025 Q2 | 360 | $1.7B | 0 | ||
| 2025 Q1 | 340 | $1.5B | 100 | ||
| 2024 Q4 | 340 | $1.5B | 0 | ||
| 2024 Q3 | 348 | $1.4B | 0 | ||
| 2024 Q2 | 319 | $1.3B | 0 | ||
| 2024 Q1 | 329 | $1.3B | 0 | ||
| 2023 Q4 | 316 | $2.3B | 0 | ||
| 2023 Q3 | 143 | $2.0B | 0 | ||
| 2023 Q2 | 149 | $2.2B | 0 | ||
| 2023 Q1 | 150 | $2.2B | 0 | ||
| 2022 Q4 | 154 | $2.1B | 0 | ||
| 2022 Q3 | 136 | $2.1B | 0 | ||
| 2022 Q2 | 142 | $2.3B | 0 | ||
| 2022 Q1 | 148 | $2.7B | 0 | ||
| 2021 Q4 | 150 | $2.7B | 0 | ||
| 2021 Q3 | 136 | $2.5B | 0 | ||
| 2021 Q2 | 141 | $2.5B | 95 | ||
| 2021 Q1 | 137 | $2.2B | 33 | ||
| 2020 Q4 | 117 | $1.8B | 29 | ||
| 2020 Q3 | 109 | $1.8B | 30 | ||
| 2020 Q2 | 108 | $2.2B | 23 | ||
| 2020 Q1 | 107 | $2.0B | 38 | ||
| 2019 Q4 | 111 | $2.4B | 25 | ||
| 2019 Q3 | 121 | $2.1B | 12 | ||
| 2019 Q2 | 109 | $2.0B | 21 | ||
| 2019 Q1 | 135 | $1.8B | 27 | ||
| 2018 Q4 | 102 | $1.6B | 43 | ||
| 2018 Q3 | 108 | $2.3B | 11 | ||
| 2018 Q2 | 106 | $2.2B | 24 | ||
| 2018 Q1 | 80 | $2.2B | 25 | ||
| 2017 Q4 | 78 | $2.3B | 10 | ||
| 2017 Q3 | 81 | $2.2B | 12 | ||
| 2017 Q2 | 82 | $2.2B | 10 | ||
| 2017 Q1 | 84 | $2.1B | 16 | ||
| 2016 Q4 | 84 | $2.0B | 16 | ||
| 2016 Q3 | 84 | $1.8B | 20 | ||
| 2016 Q2 | 84 | $1.7B | 12 | ||
| 2016 Q1 | 84 | $1.7B | 16 | ||
| 2015 Q4 | 83 | $1.6B | 21 | ||
| 2015 Q3 | 95 | $1.6B | 39 | ||
| 2015 Q2 | 89 | $2.3B | 21 | ||
| 2015 Q1 | 86 | $1.9B | 16 | ||
| 2014 Q4 | 74 | $2.1B | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Cidel Asset Management Inc's most significant position changes for 2026-06-30: New buy: TE Connectivity plc (TEL); New buy: Cenovus Energy Inc (CVE); Sold out: Thomson Reuters CORP (TRI4EUR); New buy: Moody's CORP (MCO); New buy: Cae Inc (CAE).
Showing top 200 changes by size (of 491 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BMO | Bank Of Montreal | +1.5% | +125.11% | Add |
| 2 | KO | Coca-cola Co/the | +1.4% | +2091.28% | Add |
| 3 | AAPL | Apple Inc | +1.2% | +45.21% | Add |
| 4 | TEL | TE Connectivity plc | +1% | NEW | New buy |
| 5 | BNS | Bank Of Nova Scotia | +0.9% | +119.13% | Add |
| 6 | MFC | Manulife Financial CORP | +0.8% | +98.85% | Add |
| 7 | MU | Micron Technology Inc | +0.8% | +3.95% | Add |
| 8 | AEM | Agnico Eagle Mines LTD | +0.8% | +795.28% | Add |
| 9 | FNV | Franco-nevada CORP | +0.8% | +3028.10% | Add |
| 10 | WPM | Wheaton Precious Metals CORP | +0.7% | +7896.40% | Add |
| 11 | CVE | Cenovus Energy Inc | +0.7% | NEW | New buy |
| 12 | AMZN | Amazon.com Inc | +0.6% | +40.70% | Add |
| 13 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | +548.72% | Add |
| 14 | NVDA | Nvidia CORP | +0.5% | +22.66% | Add |
| 15 | CNQ | Canadian Natural Resources | +0.5% | +198.89% | Add |
| 16 | ASML | ASML Holding N.V. | +0.5% | +24.66% | Add |
| 17 | RIO | Rio Tinto Plc-spon Adr | +0.5% | +101.13% | Add |
| 18 | SU | Suncor Energy Inc | +0.5% | +170.59% | Add |
| 19 | MCO | Moody's CORP | +0.4% | NEW | New buy |
| 20 | AMD | Advanced Micro Devices | +0.3% | -38.48% | Trim |
| 21 | RY | Royal Bank Of Canada | +0.3% | -5.84% | Trim |
| 22 | CAE | Cae Inc | +0.3% | NEW | New buy |
| 23 | TBBB | BBB Foods Inc. | +0.2% | NEW | New buy |
| 24 | NTR | Nutrien LTD | +0.2% | +1642.07% | Add |
| 25 | INTC | Intel CORP | +0.2% | -27.56% | Trim |
| 26 | DRI | Darden Restaurants Inc | +0.2% | +57.69% | Add |
| 27 | LLY | Eli Lilly & Co | +0.2% | +0.95% | Add |
| 28 | ICLN | Ishares Global Clean Energy | +0.1% | NEW | New buy |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +41.04% | Add |
| 30 | PBA | Pembina Pipeline CORP | +0.1% | +22.01% | Add |
| 31 | UNH | Unitedhealth Group Inc | +0.1% | +3.46% | Add |
| 32 | AVGO | Broadcom Inc | +0.1% | +73.12% | Add |
| 33 | TFII | Tfi International Inc | +0.1% | +2.12% | Add |
| 34 | ADI | Analog Devices Inc | +0.1% | +45.02% | Add |
| 35 | AMAT | Applied Materials Inc | +0.1% | -12.82% | Trim |
| 36 | V | Visa Inc-class A Shares | 0% | +1.60% | Add |
| 37 | GLW | Corning Inc | 0% | +53.26% | Add |
| 38 | CNC | Centene CORP | 0% | +9.07% | Add |
| 39 | GNTX | Gentex CORP | 0% | +1.28% | Add |
| 40 | CVS | Cvs Health CORP | 0% | -3.36% | Trim |
| 41 | HUM | Humana Inc | 0% | +1.07% | Add |
| 42 | CSCO | Cisco Systems Inc | 0% | -9.35% | Trim |
| 43 | QCOM | Qualcomm Inc | 0% | +19.55% | Add |
| 44 | GSBD | Goldman Sachs Bdc Inc | 0% | NEW | New buy |
| 45 | BE | Bloom Energy Corp- A | 0% | — | Unchanged |
| 46 | BXSL | Blackstone Secured Lending F | 0% | NEW | New buy |
| 47 | OBDC | Blue Owl Capital CORP | 0% | NEW | New buy |
| 48 | ARCC | Ares Capital CORP | 0% | NEW | New buy |
| 49 | JPM | Jpmorgan Chase & Co | 0% | +3.67% | Add |
| 50 | GOOGL | Alphabet Inc-cl A | 0% | -6.63% | Trim |
1–50 of 200
Filing History
FAQ
What is Cidel Asset Management Inc and what type of investor is it?
Cidel Asset Management Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.1B, spread across 480 disclosed positions.
What are Cidel Asset Management Inc's largest equity positions?
Based on the latest 13F filing, Cidel Asset Management Inc's top holdings by market value are:
1. Royal Bank Of Canada (RY) — $107.9M (5.2%)
2. Apple Inc (AAPL) — $81.3M (3.9%)
3. Nvidia CORP (NVDA) — $55.3M (2.7%)
4. Toronto-dominion Bank (TD) — $54.5M (2.6%)
5. Bank Of Montreal (BMO) — $51.9M (2.5%)
What changes did Cidel Asset Management Inc make in its most recent portfolio filing?
In the latest reported quarter, Cidel Asset Management Inc made 189 notable position adjustments: 48 new positions were initiated, 73 existing holdings were added to, 57 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: TE Connectivity plc (TEL); New buy: Cenovus Energy Inc (CVE); Sold out: Thomson Reuters CORP (TRI4EUR); New buy: Moody's CORP (MCO); New buy: Cae Inc (CAE)
What sectors does Cidel Asset Management Inc focus on?
Cidel Asset Management Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 25.3%
• Information Technology: 20.9%
• Industrials: 11.9%
• Consumer Discretionary: 8.5%
• Health Care: 7.2%
• Energy: 7.0%
Investment Profile
Cidel Asset Management Inc returned an annualized 14.6% over the trailing 36 months — underperforming the S&P 500 by 0.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.76 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 38 over the past 4 quarters — a shift toward more active trading.
It has added to its AAPL position over the past two quarters (+$60.3M, now $81.3M), while trimming WTW over the same stretch (-$27.5M, still holding $15.3M).
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Developer Access
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REST API
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