CIK: 0001621915
Total reported value
$1.8B
Reporting period: 2026-03-31 · Number of holdings: 436
CIDEL ASSET MANAGEMENT INC disclosed 436 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.8B and a quarterly turnover rate of 50.7%.
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Cidel Asset Management INC's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 61 equally-sized positions, well below its 436 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 2.48), 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.
Sector classification currently covers about 33% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim MSFT
-20.4% -$29.7M
Add TD
+184.1% $34.3M
Trim WTW
-22.6% -$13.5M
Add RY
+88.7% $39.1M
Trim V
-7.5% -$9.7M
Trim OTEX
-97.0% -$17.8M
Showing top 200 holdings (of 436 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | RY | Royal Bank Of Canada | Stock-Financials | 4.87% | +1.33% | +88.67% | |
| 2 | RBA | Rb Global INC | Stock-Industrials | 3.13% | +0.71% | +80.43% | |
| 3 | AZN | AstraZeneca PLC | Stock-Healthcare | 3.01% | +3.01% | NEW | |
| 4 | FTS | Fortis INC | Stock-Utilities | 2.98% | +1.00% | +82.54% | |
| 5 | TD | Toronto-dominion Bank | Stock-Financials | 2.91% | +1.56% | +184.09% | |
| 6 | CNI | Canadian Natl Railway Co | Stock-Industrials | 2.89% | +1.01% | +92.36% | |
| 7 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 2.79% | +0.92% | +79.30% | |
| 8 | AAPL | Apple INC | Stock-Tech | 2.68% | +1.20% | +150.80% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 2.53% | -2.85% | -20.41% | |
| 10 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 2.52% | +0.57% | +61.06% | |
| 11 | ABT | Abbott Laboratories | Stock-Healthcare | 2.31% | — | +27.98% | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 2.15% | -0.15% | +29.19% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 2.08% | -1.31% | -7.51% | |
| 14 | J | Jacobs Solutions INC | Stock-Industrials | 2.01% | -0.90% | -6.71% | |
| 15 | CP | Canadian Pacific Kansas City | Stock-Industrials | 1.70% | +1.11% | +249.83% | |
| 16 | CMS | Cms Energy CORP | Stock-Utilities | 1.69% | — | +16.48% | |
| 17 | WCN | Waste Connections INC | Stock-Industrials | 1.68% | +0.84% | +180.53% | |
| 18 | WTW | Willis Towers Watson Public Limited Company | Stock-Financials | 1.60% | -1.43% | -22.63% | |
| 19 | MAR | Marriott International -cl A | Stock-Consumer Disc | 1.53% | -0.22% | +7.82% | |
| 20 | COP | Conocophillips | Stock-Energy | 1.52% | +0.53% | +41.62% | |
| 21 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.51% | — | +10.55% | |
| 22 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 1.49% | -0.19% | +6.55% | |
| 23 | WEC | Wec Energy Group INC | Stock-Utilities | 1.38% | -0.13% | +7.31% | |
| 24 | SAP | Sap Se-sponsored Adr | Stock-Tech | 1.34% | -0.86% | +12.40% | |
| 25 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.32% | +0.88% | +335.39% | |
| 26 | GIB | Cgi INC | Stock-Tech | 1.31% | +0.34% | +122.62% | |
| 27 | CBOE | Cboe Global Markets INC | Stock-Financials | 1.22% | -0.04% | +11.84% | |
| 28 | AQN | Algonquin Power & Utilities | Stock-Other | 1.18% | +0.10% | +42.13% | |
| 29 | BGSI | THE Boyd Group INC | Stock-Other | 1.06% | +0.42% | +169.60% | |
| 30 | MSI | Motorola Solutions INC | Stock-Tech | 1.02% | -0.03% | +11.29% | |
| 31 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.99% | -0.92% | -21.74% | |
| 32 | ZTS | Zoetis INC | Stock-Healthcare | 0.97% | +0.06% | +47.16% | |
| 33 | BMO | Bank Of Montreal | Stock-Financials | 0.96% | +0.76% | +513.33% | |
| 34 | PXH | Inves Rafi Emer Mrkt-usd INC | ETF-Other | 0.91% | — | +8.83% | |
| 35 | WM | Waste Management INC | Stock-Industrials | 0.88% | +0.85% | +4160.06% | |
| 36 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.82% | — | — | |
| 37 | MFC | Manulife Financial CORP | Stock-Financials | 0.78% | — | +1.31% | |
| 38 | GNTX | Gentex CORP | Stock-Consumer Disc | 0.77% | +0.11% | +61.38% | |
| 39 | STN | Stantec INC | Stock-Other | 0.77% | +0.35% | +159.01% | |
| 40 | CIGI | Colliers Intl Gr-subord Vot | Stock-Other | 0.74% | +0.28% | +189.43% | |
| 41 | ASML | ASML Holding N.V. | Stock-Tech | 0.74% | — | -24.61% | |
| 42 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.73% | — | +26.66% | |
| 43 | STGW | Stagwell INC | Stock-Other | 0.70% | — | — | |
| 44 | NFLX | Netflix INC | Stock-Comm Services | 0.66% | +0.61% | +1449.09% | |
| 45 | AMD | Advanced Micro Devices | Stock-Tech | 0.62% | +0.58% | +2152.83% | |
| 46 | PBA | Pembina Pipeline CORP | Stock-Energy | 0.61% | — | +0.96% | |
| 47 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.61% | — | -0.21% | |
| 48 | BNS | Bank Of Nova Scotia | Stock-Financials | 0.61% | — | +11.40% | |
| 49 | LULU | Lululemon Athletica INC | Stock-Consumer Disc | 0.60% | +0.60% | NEW | |
| 50 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.58% | — | +11.81% |
Performance for Q3 2026
+4.5%
Performance Last 4 Quarters
+19%
Based on 80% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 436 | $1.8B | 51 | |
| 2025-12-31 | 365 | $1.4B | 29 | |
| 2025-09-30 | 357 | $1.7B | 26 | |
| 2025-06-30 | 360 | $1.7B | 0 | |
| 2025-03-31 | 340 | $1.5B | 100 | |
| 2024-12-31 | 340 | $1.5B | 0 | |
| 2024-09-30 | 348 | $1.4B | 0 | |
| 2024-06-30 | 319 | $1.3B | 0 | |
| 2024-03-31 | 329 | $1.3B | 0 | |
| 2023-12-31 | 316 | $2.3B | 0 | |
| 2023-09-30 | 143 | $2.0B | 0 | |
| 2023-06-30 | 149 | $2.2B | 0 | |
| 2023-03-31 | 150 | $2.2B | 0 | |
| 2022-12-31 | 154 | $2.1B | 0 | |
| 2022-09-30 | 136 | $2.1B | 0 | |
| 2022-06-30 | 142 | $2.3B | 0 | |
| 2022-03-31 | 148 | $2.7B | 0 | |
| 2021-12-31 | 150 | $2.7B | 0 | |
| 2021-09-30 | 136 | $2.5B | 0 | |
| 2021-06-30 | 141 | $2.5B | 95 | |
| 2021-03-31 | 137 | $2.2B | 33 | |
| 2020-12-31 | 117 | $1.8B | 29 | |
| 2020-09-30 | 109 | $1.8B | 30 | |
| 2020-06-30 | 108 | $2.2B | 23 | |
| 2020-03-31 | 107 | $2.0B | 38 | |
| 2019-12-31 | 111 | $2.4B | 25 | |
| 2019-09-30 | 121 | $2.1B | 12 | |
| 2019-06-30 | 109 | $2.0B | 21 | |
| 2019-03-31 | 135 | $1.8B | 27 | |
| 2018-12-31 | 102 | $1.6B | 43 | |
| 2018-09-30 | 108 | $2.3B | 11 | |
| 2018-06-30 | 106 | $2.2B | 24 | |
| 2018-03-31 | 80 | $2.2B | 25 | |
| 2017-12-31 | 78 | $2.3B | 10 | |
| 2017-09-30 | 81 | $2.2B | 12 | |
| 2017-06-30 | 82 | $2.2B | 10 | |
| 2017-03-31 | 84 | $2.1B | 16 | |
| 2016-12-31 | 84 | $2.0B | 16 | |
| 2016-09-30 | 84 | $1.8B | 20 | |
| 2016-06-30 | 84 | $1.7B | 12 | |
| 2016-03-31 | 84 | $1.7B | 16 | |
| 2015-12-31 | 83 | $1.6B | 21 | |
| 2015-09-30 | 95 | $1.6B | 39 | |
| 2015-06-30 | 89 | $2.3B | 21 | |
| 2015-03-31 | 86 | $1.9B | 16 | |
| 2014-12-31 | 74 | $2.1B | 0 |
Cidel Asset Management INC's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: Lululemon Athletica INC (LULU); New buy: Darden Restaurants INC (DRI); Sold out: Granite Real Estate Investme (GRTUF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TD | Toronto-dominion Bank | +1.6% | +184.09% | Add |
| 2 | RY | Royal Bank Of Canada | +1.3% | +88.67% | Add |
| 3 | AAPL | Apple INC | +1.2% | +150.80% | Add |
| 4 | CP | Canadian Pacific Kansas City | +1.1% | +249.83% | Add |
| 5 | CNI | Canadian Natl Railway Co | +1% | +92.36% | Add |
| 6 | FTS | Fortis INC | +1% | +82.54% | Add |
| 7 | QSR | Restaurant Brands Intern | +0.9% | +79.30% | Add |
| 8 | AMZN | Amazon.com INC | +0.9% | +335.39% | Add |
| 9 | WM | Waste Management INC | +0.9% | +4160.06% | Add |
| 10 | WCN | Waste Connections INC | +0.8% | +180.53% | Add |
| 11 | BMO | Bank Of Montreal | +0.8% | +513.33% | Add |
| 12 | RBA | Rb Global INC | +0.7% | +80.43% | Add |
| 13 | NFLX | Netflix INC | +0.6% | +1449.09% | Add |
| 14 | AMD | Advanced Micro Devices | +0.6% | +2152.83% | Add |
| 15 | CM | Can Imperial Bk Of Commerce | +0.6% | +61.06% | Add |
| 16 | COP | Conocophillips | +0.5% | +41.62% | Add |
| 17 | SU | Suncor Energy INC | +0.5% | +1673.24% | Add |
| 18 | BGSI | THE Boyd Group INC | +0.4% | +169.60% | Add |
| 19 | STN | Stantec INC | +0.4% | +159.01% | Add |
| 20 | GIB | Cgi INC | +0.3% | +122.62% | Add |
| 21 | CIGI | Colliers Intl Gr-subord Vot | +0.3% | +189.43% | Add |
| 22 | DSGX | Descartes Systems Grp/the | +0.1% | +124.44% | Add |
| 23 | GNTX | Gentex CORP | +0.1% | +61.38% | Add |
| 24 | VOO | Vanguard S&p 500 ETF | +0.1% | +71.14% | Add |
| 25 | AQN | Algonquin Power & Utilities | +0.1% | +42.13% | Add |
| 26 | XOM | Exxon Mobil CORP | +0.1% | +15.06% | Add |
| 27 | ZTS | Zoetis INC | +0.1% | +47.16% | Add |
| 28 | CMS | Cms Energy CORP | — | +16.48% | Add |
| 29 | MSI | Motorola Solutions INC | 0% | +11.29% | Add |
| 30 | CBOE | Cboe Global Markets INC | 0% | +11.84% | Add |
| 31 | WEC | Wec Energy Group INC | -0.1% | +7.31% | Add |
| 32 | NVDA | Nvidia CORP | -0.2% | +29.19% | Add |
| 33 | CL | Colgate-palmolive Co | -0.2% | +6.55% | Add |
| 34 | MAR | Marriott International -cl A | -0.2% | +7.82% | Add |
| 35 | SAP | Sap Se-sponsored Adr | -0.9% | +12.40% | Add |
| 36 | UBER | Uber Technologies INC | -0.9% | -94.50% | Trim |
| 37 | J | Jacobs Solutions INC | -0.9% | -6.71% | Trim |
| 38 | LLY | Eli Lilly & Co | -0.9% | -21.74% | Trim |
| 39 | MELI | Mercadolibre INC | -1.2% | -80.70% | Trim |
| 40 | UNP | Union Pacific CORP | -1.2% | -90.18% | Trim |
| 41 | OTEX | Open Text CORP | -1.3% | -96.98% | Trim |
| 42 | V | Visa Inc-class A Shares | -1.3% | -7.51% | Trim |
| 43 | WTW | Willis Towers Watson Public Limited Company | -1.4% | -22.63% | Trim |
| 44 | MSFT | Microsoft CORP | -2.9% | -20.41% | Trim |
| 45 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 46 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 47 | LULU | Lululemon Athletica INC | — | NEW | New buy |
| 48 | DRI | Darden Restaurants INC | — | NEW | New buy |
| 49 | GRTUF | Granite Real Estate Investme | — | EXIT | Sold out |
| 50 | HUBB | Hubbell INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-17 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-21 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-07 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-29 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-28 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-28 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-04 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-22 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-08 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-05 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-07 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-04 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-10 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-10 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-08 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-05 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-10 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-09 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-12 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-12 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-18 | Amendment | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-08-08 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-06 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-08 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-07 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-13 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-10 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-09 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-31 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-04 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-09 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-27 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-04 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-03 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-02 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-04 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-11 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
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