Cidel Asset Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 17, 2026), Cidel Asset Management Inc. reported 479 stock positions worth $2.1 billion. Its top holding was Royal Bank of Canada (RY) at 5.2% of the portfolio, followed by Apple (AAPL, 3.9%) and Nvidia (NVDA, 2.7%). Compared with Q1 2026, it opened 50 new positions, sold out of 8, added to 229 and reduced 126. The biggest buy was Bank of Montreal (BMO, shares +125%) and the biggest sale Abbott Laboratories (ABT, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001621915
- Portfolio Value
- $2.1B (Q2 2026)
- SEC Filing
- 0001621915-26-000003 ↗ filed Jul 17, 2026
Holdings Value
Holdings 479 stocks · $2.1B
| RY Royal Bank of Canada | 5.19% | 521,130 | $107.9M | Reduce -5.8% |
| AAPL Apple Inc. | 3.91% | 280,800 | $81.3M | Add +45.2% |
| NVDA Nvidia Corp. | 2.66% | 276,581 | $55.3M | Add +22.7% |
| TD Toronto-Dominion Bank | 2.62% | 448,298 | $54.5M | Reduce -21.7% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 2.50% | 294,015 | $51.9M | Add +125.1% |
| FTS Fortis Inc. | 2.50% | 906,780 | $51.9M | Reduce -7.6% |
| MSFT Microsoft Corp. | 2.38% | 132,721 | $49.5M | Add +6.0% |
| CNI Canadian Natl Railway Co. | 2.32% | 403,673 | $48.2M | Reduce -21.7% |
| AZN Astrazeneca PLC | 2.14% | 234,663 | $44.5M | Reduce -16.0% |
| V Visa Inc. Class A | 2.12% | 128,445 | $44.1M | Add +1.6% |
| RBA RB Global Inc. | 2.11% | 377,328 | $43.9M | Reduce -37.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 2.11% | 380,736 | $43.8M | Reduce -22.3% |
| AMZN Amazon.com Inc. | 1.88% | 163,648 | $39.0M | Add +40.7% |
| QSR Restaurant Brands Intern | 1.84% | 526,104 | $38.1M | Reduce -24.1% |
| MFC Manulife Financial Corp. | 1.61% | 827,626 | $33.6M | Add +98.8% |
| WCN Waste Connections Inc. | 1.59% | 198,091 | $33.0M | Add +4.2% |
| JPM JPMorgan Chase & Co. | 1.53% | 97,432 | $31.9M | Add +3.7% |
| CMS CMS Energy Corp. | 1.49% | 405,656 | $31.0M | Add +1.9% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 1.48% | 353,888 | $30.7M | Add +119.1% |
| KO The Coca-Cola Co. | 1.42% | 361,934 | $29.4M | Add +2091.3% |
| J Jacobs Solutions Inc. | 1.38% | 227,076 | $28.6M | Reduce -21.6% |
| WEC WEC Energy Group Inc. | 1.25% | 222,312 | $26.0M | Add +2.1% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.23% | 12,811 | $25.5M | Add +24.7% |
| LLY Eli Lilly & Co. | 1.15% | 19,854 | $23.8M | Add +0.9% |
| MU Micron Technology Inc. | 1.14% | 20,468 | $23.6M | Add +4.0% |
| RIO Rio Tinto PLC-Spon ADR | 1.10% | 241,718 | $22.9M | Add +101.1% |
| COP Conocophillips | 1.07% | 213,080 | $22.2M | Add +0.9% |
| CP Canadian Pacific Kansas City | 1.07% | 255,538 | $22.1M | Reduce -35.9% |
| MAR Marriott International Class A | 1.06% | 59,376 | $22.0M | Reduce -31.0% |
| MSI Motorola Solutions Inc. | 1.02% | 50,865 | $21.1M | Add +17.7% |
| CL Colgate-Palmolive Co. | 1.00% | 227,054 | $20.8M | Reduce -29.3% |
| ABT Abbott Laboratories | 0.99% | 227,603 | $20.7M | Reduce -44.8% |
| SU Suncor Energy Inc. | 0.98% | 376,897 | $20.3M | Add +170.6% |
| TEL Te Connectivity PLC | 0.97% | 100,484 | $20.3M | New |
| AMD Advanced Micro Devices | 0.96% | 34,494 | $20.0M | Reduce -38.5% |
| CNQ Canadian Natural Resources | 0.94% | 491,355 | $19.4M | Add +198.9% |
| AEM Agnico Eagle Mines Ltd. | 0.92% | 123,011 | $19.1M | Add +795.3% |
| PXH Inves Rafi Emer MRKT-Usd Inc. | 0.88% | 658,764 | $18.4M | Add +6.3% |
| SAP Sap SE-Sponsored ADR | 0.83% | 111,952 | $17.3M | Reduce -22.1% |
| WM Waste Management Inc. | 0.80% | 74,689 | $16.6M | Add +6.3% |
| RSP Invesco S&P 500 Equal Weight | 0.80% | 78,090 | $16.6M | No change |
| GNTX Gentex Corp. | 0.80% | 655,732 | $16.6M | Add +1.3% |
| FNV Franco-Nevada Corp. | 0.79% | 78,265 | $16.3M | Add +3028.1% |
| WPM Wheaton Precious Metals Corp. | 0.74% | 137,538 | $15.5M | Add +7896.4% |
| WTW Willis Towers Watson PLC | 0.73% | 58,359 | $15.3M | Reduce -42.1% |
| CVE Cenovus Energy Inc. | 0.70% | 589,828 | $14.6M | New |
| PBA Pembina Pipeline Corp. | 0.68% | 307,057 | $14.2M | Add +22.0% |
| STGW Stagwell Inc. | 0.67% | 1,878,426 | $14.0M | Reduce -7.9% |
| PG The Procter & Gamble Co. | 0.67% | 95,112 | $13.9M | Add +2.8% |
| CBOE Cboe Global Markets Inc. | 0.66% | 56,417 | $13.7M | Reduce -28.9% |
| DRI Darden Restaurants Inc. | 0.64% | 64,239 | $13.2M | Add +57.7% |
| NFLX Netflix Inc. | 0.63% | 184,045 | $13.1M | Add +45.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.60% | 26,273 | $12.5M | Add +548.7% |
| GOOGL Alphabet Inc. Class A | 0.60% | 34,778 | $12.4M | Reduce -6.6% |
| CIGI Colliers Intl GR-Subord Vot | 0.56% | 123,643 | $11.6M | Reduce -3.3% |
| GIB Cgi Inc. | 0.52% | 168,349 | $10.9M | Reduce -49.0% |
| VOO Vanguard S&P 500 ETF | 0.48% | 14,528 | $10.0M | Reduce -13.0% |
| GOOG Alphabet Inc. Class C | 0.46% | 26,991 | $9.5M | Reduce -5.8% |
| TSLA Tesla Inc. | 0.44% | 21,851 | $9.2M | Reduce -0.1% |
| INTC Intel Corp. | 0.42% | 62,985 | $8.8M | Reduce -27.6% |
| STN Stantec Inc. | 0.42% | 126,734 | $8.7M | Reduce -22.6% |
| BGSI Boyd Group Services Inc. | 0.42% | 91,914 | $8.7M | Reduce -39.9% |
| MCO Moody's Corp. | 0.41% | 18,586 | $8.4M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 16,526 | $8.3M | Add +41.0% |
| DSGX The Descartes Systems Grp | 0.39% | 117,757 | $8.2M | Reduce -2.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.36% | 10 | $7.5M | No change |
| XOM Exxon Mobil Corp. | 0.36% | 54,372 | $7.4M | Reduce -1.9% |
| CCJ Cameco Corp. | 0.34% | 70,000 | $7.1M | Reduce -6.7% |
| TFII Tfi International Inc. | 0.34% | 49,098 | $7.1M | Add +2.1% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 95,913 | $6.8M | Reduce -0.5% |
| CAE Cae Inc. | 0.32% | 269,136 | $6.7M | New |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 28,070 | $6.6M | No change |
| PRF Invesco Rafi US 1000 ETF | 0.31% | 118,132 | $6.4M | Add +1.9% |
| CVX Chevron Corp. | 0.27% | 33,565 | $5.6M | Add +0.7% |
| UNH Unitedhealth Group Inc. | 0.26% | 13,198 | $5.5M | Add +3.5% |
| NGG National Grid PLC-SP ADR | 0.25% | 61,790 | $5.1M | Reduce -17.3% |
| NTR Nutrien Ltd. | 0.24% | 79,717 | $5.0M | Add +1642.1% |
| TBBB BBB Foods Inc. Class A | 0.24% | 118,334 | $4.9M | New |
| META Meta Platforms Inc. Class A | 0.24% | 8,703 | $4.9M | Add +11.8% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.23% | 155,097 | $4.8M | No change |
| BAC Bank of America Corp. | 0.21% | 77,057 | $4.4M | Add +2.1% |
| HUBB Hubbell Inc. | 0.20% | 8,072 | $4.2M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.20% | 16,136 | $4.1M | Add +0.1% |
| WMT Walmart Inc. | 0.20% | 35,910 | $4.1M | Add +12.2% |
| CVS CVS Health Corp. | 0.19% | 38,234 | $4.0M | Reduce -3.4% |
| HLN Haleon PLC-ADR | 0.19% | 423,205 | $3.9M | Reduce -10.7% |
| IVV iShares Core S&P 500 ETF | 0.18% | 5,009 | $3.8M | No change |
| VZ Verizon Communications Inc. | 0.17% | 83,905 | $3.6M | Add +4.6% |
| WFC Wells Fargo & Co. | 0.16% | 41,427 | $3.4M | Add +6.9% |
| AVGO Broadcom Inc. | 0.16% | 8,855 | $3.3M | Add +73.1% |
| NEE Nextera Energy Inc. | 0.16% | 37,424 | $3.3M | Add +8.5% |
| CSCO Cisco Systems Inc. | 0.16% | 27,459 | $3.2M | Reduce -9.3% |
| C Citigroup Inc. | 0.15% | 22,314 | $3.1M | Reduce -9.6% |
| ADI Analog Devices Inc. | 0.14% | 7,331 | $2.9M | Add +45.0% |
| AWK American Water Works Co. Inc. | 0.14% | 21,564 | $2.8M | Reduce -0.7% |
| MELI MercadoLibre Inc. | 0.13% | 1,636 | $2.8M | Reduce -9.1% |
| ENB Enbridge Inc. | 0.13% | 50,063 | $2.7M | Add +2.7% |
| CMCSA Comcast Corp. Class A | 0.13% | 109,575 | $2.7M | Add +11.7% |
| COST Costco Wholesale Corp. | 0.13% | 2,825 | $2.6M | Add +5.2% |
| T AT&T Inc. | 0.12% | 124,266 | $2.6M | Add +7.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| XRXDW Xerox Holdings Corp. | *W EXP 02/11/202 | 12,022 | $3K | No change |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q1 2026 → Q2 2026
| ABT Abbott Laboratories | Reduce -44.8% | 0.99% | −1.32 |
| AQN Algonquin Power & Utilities | Reduce -99.2% | 0.01% | −1.17 |
| RBA RB Global Inc. | Reduce -37.1% | 2.11% | −1.02 |
| ZTS Zoetis Inc. | Reduce -97.7% | 0.01% | −0.96 |
| QSR Restaurant Brands Intern | Reduce -24.1% | 1.84% | −0.95 |
| AZN Astrazeneca PLC | Reduce -16.0% | 2.14% | −0.87 |
| WTW Willis Towers Watson PLC | Reduce -42.1% | 0.73% | −0.86 |
| GIB Cgi Inc. | Reduce -49.0% | 0.52% | −0.79 |
| BGSI Boyd Group Services Inc. | Reduce -39.9% | 0.42% | −0.64 |
| CP Canadian Pacific Kansas City | Reduce -35.9% | 1.07% | −0.64 |
| J Jacobs Solutions Inc. | Reduce -21.6% | 1.38% | −0.63 |
| LULU Lululemon Athletica Inc. | Reduce -97.5% | 0.01% | −0.59 |
| CNI Canadian Natl Railway Co. | Reduce -21.7% | 2.32% | −0.57 |
| CBOE Cboe Global Markets Inc. | Reduce -28.9% | 0.66% | −0.56 |
| SAP Sap SE-Sponsored ADR | Reduce -22.1% | 0.83% | −0.51 |
| TRI Thomson Reuters Corp. | Reduce -95.7% | 0.02% | −0.51 |
| CL Colgate-Palmolive Co. | Reduce -29.3% | 1.00% | −0.49 |
| FTS Fortis Inc. | Reduce -7.6% | 2.50% | −0.48 |
| MAR Marriott International Class A | Reduce -31.0% | 1.06% | −0.48 |
| CM Can Imperial BK of Commerce | Reduce -22.3% | 2.11% | −0.42 |
| STN Stantec Inc. | Reduce -22.6% | 0.42% | −0.35 |
| TD Toronto-Dominion Bank | Reduce -21.7% | 2.62% | −0.29 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -3.3% | 0.56% | −0.19 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 0.36% | −0.16 |
| CCJ Cameco Corp. | Reduce -6.7% | 0.34% | −0.10 |
| NGG National Grid PLC-SP ADR | Reduce -17.3% | 0.25% | −0.10 |
| DSGX The Descartes Systems Grp | Reduce -2.9% | 0.39% | −0.08 |
| HLN Haleon PLC-ADR | Reduce -10.7% | 0.19% | −0.07 |
| VOO Vanguard S&P 500 ETF | Reduce -13.0% | 0.48% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -9.1% | 0.13% | −0.04 |
| STGW Stagwell Inc. | Reduce -7.9% | 0.67% | −0.03 |
| AWK American Water Works Co. Inc. | Reduce -0.7% | 0.14% | −0.02 |
| TT Trane Technologies PLC | Reduce -94.1% | 0.01% | −0.02 |
| WBD Warner Bros Discovery Inc. | Reduce -20.0% | 0.05% | −0.02 |
| RELX Relx PLC - Spon ADR | Sold out | 0.00% | −0.02 |
| PSX Phillips 66 | Reduce -3.3% | 0.08% | −0.02 |
| FDX FedEx Corp. | Reduce -7.0% | 0.05% | −0.02 |
| VLO Valero Energy Corp. | Reduce -7.8% | 0.12% | −0.02 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.02 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.02 |
| GM General Motors Co. | Reduce -4.5% | 0.11% | −0.02 |
| NEM Newmont Corp. | Reduce -4.7% | 0.04% | −0.02 |
| UNP Union Pacific Corp. | Reduce -14.2% | 0.09% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -3.7% | 0.12% | −0.01 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.5% | 0.10% | −0.01 |
| HUBB Hubbell Inc. | Reduce -0.2% | 0.20% | −0.01 |
| CE Celanese Corp. | Sold out | 0.00% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -28.0% | 0.02% | −0.01 |
| BG Bunge Global SA | Reduce -10.9% | 0.02% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| BMO Bank of Montreal | Add +125.1% | 2.50% | +1.54 |
| KO The Coca-Cola Co. | Add +2091.3% | 1.42% | +1.35 |
| AAPL Apple Inc. | Add +45.2% | 3.91% | +1.23 |
| TEL Te Connectivity PLC | New | 0.97% | +0.97 |
| BNS Bank of Nova Scotia | Add +119.1% | 1.48% | +0.87 |
| MFC Manulife Financial Corp. | Add +98.8% | 1.61% | +0.83 |
| MU Micron Technology Inc. | Add +4.0% | 1.14% | +0.77 |
| AEM Agnico Eagle Mines Ltd. | Add +795.3% | 0.92% | +0.77 |
| FNV Franco-Nevada Corp. | Add +3028.1% | 0.79% | +0.75 |
| WPM Wheaton Precious Metals Corp. | Add +7896.4% | 0.74% | +0.73 |
| CVE Cenovus Energy Inc. | New | 0.70% | +0.70 |
| AMZN Amazon.com Inc. | Add +40.7% | 1.88% | +0.56 |
| TSM Taiwan Semiconductor-SP ADR | Add +548.7% | 0.60% | +0.53 |
| NVDA Nvidia Corp. | Add +22.7% | 2.66% | +0.52 |
| CNQ Canadian Natural Resources | Add +198.9% | 0.94% | +0.50 |
| RIO Rio Tinto PLC-Spon ADR | Add +101.1% | 1.10% | +0.49 |
| ASML ASML Holding NV-NY Reg SHS | Add +24.7% | 1.23% | +0.49 |
| SU Suncor Energy Inc. | Add +170.6% | 0.98% | +0.47 |
| MCO Moody's Corp. | New | 0.41% | +0.41 |
| CAE Cae Inc. | New | 0.32% | +0.32 |
| TBBB BBB Foods Inc. Class A | New | 0.24% | +0.24 |
| NTR Nutrien Ltd. | Add +1642.1% | 0.24% | +0.22 |
| DRI Darden Restaurants Inc. | Add +57.7% | 0.64% | +0.20 |
| LLY Eli Lilly & Co. | Add +0.9% | 1.15% | +0.16 |
| ICLN iShares Global Clean Energy | New | 0.12% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +41.0% | 0.40% | +0.09 |
| UNH Unitedhealth Group Inc. | Add +3.5% | 0.26% | +0.08 |
| AVGO Broadcom Inc. | Add +73.1% | 0.16% | +0.07 |
| PBA Pembina Pipeline Corp. | Add +22.0% | 0.68% | +0.07 |
| TFII Tfi International Inc. | Add +2.1% | 0.34% | +0.06 |
| ADI Analog Devices Inc. | Add +45.0% | 0.14% | +0.05 |
| GLW Corning Inc. | Add +53.3% | 0.07% | +0.04 |
| CNC Centene Corp. | Add +9.1% | 0.08% | +0.04 |
| HUM Humana Inc. | Add +1.1% | 0.07% | +0.04 |
| V Visa Inc. Class A | Add +1.6% | 2.12% | +0.04 |
| GSBD Goldman Sachs BDC Inc. | New | 0.03% | +0.03 |
| QCOM Qualcomm Inc. | Add +19.6% | 0.08% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +3.7% | 1.53% | +0.03 |
| BXSL Blackstone Secured Lending F | New | 0.03% | +0.03 |
| ARCC Ares Capital Corp. | New | 0.03% | +0.03 |
| GNTX Gentex Corp. | Add +1.3% | 0.80% | +0.03 |
| OBDC Blue Owl Capital Corp. | New | 0.03% | +0.03 |
| MFIC Midcap Financial Investment | New | 0.02% | +0.02 |
| MRVL Marvell Technology Inc. | New | 0.02% | +0.02 |
| ELV Elevance Health Inc. | Add +7.4% | 0.09% | +0.02 |
| AXP American Express Co. | Add +38.5% | 0.06% | +0.02 |
| MOH Molina Healthcare Inc. | New | 0.02% | +0.02 |
| SLF Sun Life Financial Inc. | Add +6.9% | 0.10% | +0.02 |
| BN Brookfield Corp. | Add +119.5% | 0.03% | +0.01 |
| ING ING Groep N.V.-Sponsored ADR | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 479 | $2.1B | RY, AAPL, NVDA, TD, BMO |
| Q1 2026 | 435 | $1.8B | RY, RBA, AZN, FTS, TD |
| Q4 2025 | 365 | $1.4B | MSFT, AZN, RY, V, WTW |
| Q3 2025 | 357 | $1.7B | RY, MSFT, RBA, J, FTS |
| Q2 2025 | 360 | $1.7B | MSFT, RY, RBA, V, ABT |
| Q1 2025 | 340 | $1.5B | RBA, RY, MSFT, WTW, QSR |
| Q4 2024 | 335 | $1.5B | RY, MSFT, RBA, GOOGL, WTW |
| Q3 2024 | 343 | $1.4B | RY, MSFT, RBA, AZN, CNI |
| Q2 2024 | 314 | $1.3B | MSFT, RY, AZN, RBA, V |
| Q1 2024 | 324 | $1.3B | MSFT, RY, RBA, V, AZN |