Cidel Asset Management Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Cidel Asset Management Inc. reported 324 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by Royal Bank of Canada (RY, 4.3%) and RB Global (RBA, 3.8%). Compared with Q4 2023, it opened 22 new positions, sold out of 9, added to 116 and reduced 133. The biggest buy was Astrazeneca PLC-Spons ADR (AZN, shares +16%) and the biggest sale Shopify Class A (SHOP, shares −100%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001621915
Portfolio Value
$1.3B (Q1 2024)
SEC Filing
0001085146-24-002308 ↗ filed May 8, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.3B $1.3B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.8B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 324 stocks · $1.3B

MSFT Microsoft Corp. 5.66% 176,464 $74.2M Reduce -1.2%
RY Royal Bank of Canada 4.26% 553,786 $55.9M Reduce -62.2%
RBA RB Global Inc. 3.84% 660,189 $50.3M Reduce -50.3%
V Visa Inc. Class A 3.64% 171,050 $47.7M Reduce -0.7%
AZN Astrazeneca PLC-Spons ADR 3.36% 651,121 $44.1M Add +16.4%
OTEX Open Text Corp. 3.27% 1,105,605 $42.9M Reduce -46.3%
TD Toronto-Dominion Bank 3.08% 669,956 $40.5M Reduce -63.6%
QSR Restaurant Brands Intern 2.77% 456,611 $36.3M Reduce -50.2%
J Jacobs Solutions Inc. 2.64% 225,616 $34.7M Add +16.6%
CNI Canadian Natl Railway Co. 2.50% 249,270 $32.9M Reduce -62.8%
GIB Cgi Inc. 2.13% 252,685 $27.9M Reduce -57.0%
BMO Bank of Montreal filed as BANK MONTREAL QUE 1.95% 261,505 $25.6M Reduce -64.6%
MAR Marriott International Class A 1.74% 90,350 $22.8M Add +8.3%
COP Conocophillips 1.73% 178,059 $22.7M Reduce -1.6%
CL Colgate-Palmolive Co. 1.70% 247,929 $22.3M Add +0.1%
WEC WEC Energy Group Inc. 1.69% 269,897 $22.2M Reduce -0.6%
FMX Fomento Economico Mex-SP ADR 1.67% 168,259 $21.9M Reduce -3.1%
FTS Fortis Inc. 1.65% 549,084 $21.7M Reduce -53.8%
ADI Analog Devices Inc. 1.62% 107,542 $21.3M Reduce -22.9%
SAP Sap SE-Sponsored ADR 1.56% 104,993 $20.5M New
CRM Salesforce Inc. 1.45% 63,244 $19.0M Reduce -0.8%
CBOE Cboe Global Markets Inc. 1.44% 103,159 $19.0M Reduce -0.2%
TRI Thomson Reuters Corp. 1.43% 120,613 $18.8M Reduce -62.1%
WCN Waste Connections Inc. 1.41% 107,305 $18.5M Reduce -52.8%
ZTS Zoetis Inc. 1.38% 107,351 $18.2M Reduce -0.6%
CHD Church & Dwight Co. Inc. 1.35% 169,299 $17.7M Reduce -0.6%
STN Stantec Inc. 1.32% 209,216 $17.4M Reduce -31.1%
CNQ Canadian Natural Resources 1.30% 223,515 $17.1M Reduce -82.0%
BN Brookfield Corp. 1.26% 394,678 $16.5M Reduce -70.6%
CIGI Colliers Intl GR-Subord Vot 1.16% 124,344 $15.2M Reduce -0.9%
ENB Enbridge Inc. 1.16% 419,489 $15.2M Reduce -76.4%
MELI MercadoLibre Inc. 1.14% 9,938 $15.0M Reduce -5.5%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 1.14% 289,445 $15.0M Reduce -69.8%
ROK Rockwell Automation Inc. 1.07% 48,278 $14.1M Reduce -0.8%
CP Canadian Pacific Kansas City 1.04% 155,025 $13.7M Reduce -78.9%
STGW Stagwell Inc. 0.97% 2,039,680 $12.7M No change
AAPL Apple Inc. 0.95% 72,594 $12.4M Reduce -4.8%
MFC Manulife Financial Corp. 0.92% 484,153 $12.1M Reduce -76.9%
PG The Procter & Gamble Co. 0.91% 73,589 $11.9M Reduce -0.2%
TCN Tricon Residential Inc. 0.79% 933,421 $10.4M Add +2.7%
GRP.U Granite Real Estate Investme 0.72% 164,293 $9.4M Reduce -1.4%
IBN Icici Bank Ltd.-Spon ADR 0.69% 342,015 $9.0M Add +2.5%
PBA Pembina Pipeline Corp. 0.65% 242,843 $8.6M Add +0.7%
SU Suncor Energy Inc. 0.64% 226,536 $8.4M Reduce -76.8%
NVEI Nuvei Corp.-Subordinate VTG 0.63% 260,153 $8.2M Reduce -68.3%
DSGX The Descartes Systems Grp 0.61% 87,417 $8.0M Add +4.0%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.56% 377,055 $7.3M Reduce -0.7%
TSLA Tesla Inc. 0.55% 40,871 $7.2M Add +0.1%
BRK.A Berkshire Hathaway Inc. Class A 0.48% 10 $6.3M No change
RIO Rio Tinto PLC-Spon ADR 0.44% 90,403 $5.8M Add +0.3%
FNDX Schwab Fndmntl US LRG Co. ETF 0.44% 84,871 $5.7M Reduce -1.1%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 0.42% 109,399 $5.6M Reduce -81.9%
JPM JPMorgan Chase & Co. 0.41% 26,959 $5.4M Reduce -8.5%
AMZN Amazon.com Inc. 0.34% 24,983 $4.5M Reduce -8.0%
GOOGL Alphabet Inc. Class A 0.34% 29,359 $4.4M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 10,152 $4.3M Reduce -13.6%
BAM Brookfield Asset Mgmt-A 0.31% 97,234 $4.1M Reduce -71.3%
XOM Exxon Mobil Corp. 0.31% 34,870 $4.1M Add +8.8%
PRF Invesco Rafi US 1000 ETF 0.31% 105,308 $4.1M Reduce -4.0%
META Meta Platforms Inc. Class A 0.31% 8,248 $4.0M Reduce -19.0%
GOOG Alphabet Inc. Class C 0.30% 25,633 $3.9M Reduce -2.4%
C Citigroup Inc. 0.28% 58,332 $3.7M Reduce -1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 90,153 $3.4M Add +2.2%
WFC Wells Fargo & Co. 0.25% 56,692 $3.3M Reduce -1.8%
GLD SPDR Gold Shares 0.25% 15,914 $3.3M No change
CCJ Cameco Corp. 0.25% 75,000 $3.2M Reduce -6.3%
CVX Chevron Corp. 0.25% 20,489 $3.2M Add +4.9%
VZ Verizon Communications Inc. 0.22% 69,354 $2.9M Add +1.9%
INTC Intel Corp. 0.22% 64,208 $2.8M Reduce -10.7%
MU Micron Technology Inc. 0.21% 23,342 $2.8M Reduce -1.1%
T AT&T Inc. 0.20% 148,366 $2.6M Add +2.1%
CMCSA Comcast Corp. Class A 0.19% 58,542 $2.5M Add +0.4%
WMT Walmart Inc. 0.19% 41,921 $2.5M Reduce -1.6%
JNJ Johnson & Johnson 0.19% 15,779 $2.5M Reduce -6.9%
NEE Nextera Energy Inc. 0.18% 37,130 $2.4M Add +18.2%
AWK American Water Works Co. Inc. 0.18% 19,215 $2.3M Add +12.4%
UNH Unitedhealth Group Inc. 0.17% 4,540 $2.2M Add +3.0%
VOO Vanguard S&P 500 ETF 0.17% 4,506 $2.2M Reduce -6.8%
CVS CVS Health Corp. 0.16% 25,926 $2.1M Add +5.4%
COST Costco Wholesale Corp. 0.15% 2,708 $2.0M Reduce -9.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 10,046 $1.9M Reduce -4.4%
AIG American International Group 0.14% 23,658 $1.8M No change
HD Home Depot Inc. 0.14% 4,820 $1.8M Reduce -11.5%
CSCO Cisco Systems Inc. 0.13% 33,117 $1.7M Reduce -0.3%
GM General Motors Co. 0.12% 34,623 $1.6M Add +4.9%
APD Air Products & Chemicals Inc. 0.12% 6,393 $1.5M Reduce -90.7%
IWF iShares Russell 1000 Growth 0.12% 4,485 $1.5M No change
PFE Pfizer Inc. 0.11% 51,732 $1.4M Add +14.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.11% 40,303 $1.4M No change
VEA Vanguard Ftse Developed ETF 0.10% 26,846 $1.3M No change
BCE Bce Inc. 0.10% 39,430 $1.3M Reduce -8.7%
MRK Merck & Co. Inc. 0.10% 9,920 $1.3M No change
SCHW Schwab (charles) Corp. 0.10% 18,051 $1.3M Add +2.2%
SLF Sun Life Financial Inc. 0.10% 23,746 $1.3M Reduce -91.9%
AVGO Broadcom Inc. 0.10% 975 $1.3M Reduce -10.8%
PXF Invesco Rafi Developed Marke 0.09% 24,751 $1.2M Add +1.4%
ABBV Abbvie Inc. 0.09% 6,612 $1.2M Add +1.8%
EWJ iShares MSCI Japan ETF 0.09% 16,746 $1.2M Add +6.8%
CI The Cigna Group 0.09% 3,264 $1.2M Add +3.5%
LMT Lockheed Martin Corp. 0.09% 2,587 $1.2M Reduce -95.7%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 5,046 $1.2M No change
GS Goldman Sachs Group Inc. 0.09% 2,739 $1.1M Add +1.3%
MPC Marathon Petroleum Corp. 0.09% 5,619 $1.1M Add +7.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 9,207 $1.1M Reduce -9.4%
PEP Pepsico Inc. 0.08% 6,298 $1.1M Add +3.6%
NVO Novo-Nordisk A/S-Spons ADR 0.08% 8,568 $1.1M New
QCOM Qualcomm Inc. 0.08% 6,498 $1.1M Add +2.9%
APH Amphenol Corp. Class A 0.08% 9,510 $1.1M Add +163.1%
VTI VG Morningstar TS MKT ETF-US 0.08% 4,155 $1.1M No change
MPWR Monolithic Power Systems Inc. 0.08% 1,586 $1.1M Add +6.0%
ELV Elevance Health Inc. 0.08% 2,025 $1.1M Add +2.4%
VLO Valero Energy Corp. 0.08% 6,137 $1.0M Add +7.1%
PSX Phillips 66 0.08% 6,336 $1.0M Reduce -3.6%
PM Philip Morris International 0.08% 11,030 $1.0M Add +4.0%
TGT Target Corp. 0.08% 5,682 $1.0M Add +4.8%
COF Capital One Financial Corp. 0.08% 6,685 $995K No change
TRP TC Energy Corp. 0.08% 24,699 $994K Reduce -12.6%
AMGN Amgen Inc. 0.07% 3,407 $969K Reduce -2.5%
CAT Caterpillar Inc. 0.07% 2,638 $967K Reduce -1.9%
AEM Agnico Eagle Mines Ltd. 0.07% 15,899 $949K Reduce -97.6%
DCBO Docebo Inc. 0.07% 19,029 $931K Add +2.7%
LOW Lowe's Cos Inc. 0.07% 3,566 $908K Add +4.5%
UNP Union Pacific Corp. 0.07% 3,675 $904K Reduce -3.5%
MO Altria Group Inc. 0.07% 20,231 $882K Add +4.5%
MCD McDonald's Corp. 0.06% 3,009 $848K Add +0.1%
F Ford Motor Co. filed as FORD MTR CO DEL 0.06% 63,760 $847K Reduce -0.0%
RELX Relx PLC - Spon ADR 0.06% 19,438 $841K Add +1.3%
BRAG Bragg Gaming Group Inc. 0.06% 136,840 $838K Add +6.2%
KO The Coca-Cola Co. 0.06% 13,244 $810K Add +2.5%
ORCL Oracle Corp. 0.06% 6,306 $792K Reduce -4.6%
TU Telus Corp. 0.06% 49,169 $787K Reduce -39.7%
AXP American Express Co. 0.06% 3,445 $784K Reduce -3.6%
MDT Medtronic PLC 0.06% 8,964 $781K Reduce -4.3%
BMY Bristol-Myers Squibb Co. 0.06% 14,151 $767K Add +17.5%
VGK Vanguard Ftse Europe ETF 0.06% 11,385 $767K No change
MMM 3M Co. 0.06% 7,195 $763K Add +3.1%
HON Honeywell International Inc. 0.06% 3,679 $755K Add +2.5%
DE Deere & Co. 0.06% 1,819 $747K Reduce -17.8%
RTX RTX Corp. 0.06% 7,656 $747K Add +4.3%
MS Morgan Stanley 0.06% 7,860 $740K Add +8.3%
ENPH Enphase Energy Inc. 0.06% 6,108 $739K Add +56.6%
FDX FedEx Corp. 0.05% 2,470 $716K No change
USB US Bancorp 0.05% 15,994 $715K Add +4.2%
CB Chubb Ltd. 0.05% 2,705 $701K Reduce -17.2%
ACN Accenture PLC Class A 0.05% 1,998 $693K Reduce -4.3%
TXN Texas Instruments Inc. 0.05% 3,969 $691K Reduce -13.2%
ABT Abbott Laboratories 0.05% 6,056 $688K Add +4.8%
TMO Thermo Fisher Scientific Inc. 0.05% 1,184 $688K Reduce -11.2%
KR Kroger Co. 0.05% 11,955 $683K Add +1.6%
TRV The Travelers Cos Inc. 0.05% 2,894 $666K Reduce -1.4%
GILD Gilead Sciences Inc. 0.05% 8,911 $653K Add +4.8%
WBA Walgreens Boots Alliance Inc. 0.05% 30,023 $651K Add +12.3%
USMV iShares MSCI USA Min Vol Fac 0.05% 7,710 $644K Reduce -0.3%
AMAT Applied Materials Inc. 0.05% 3,119 $643K Reduce -7.5%
ALL Allstate Corp. 0.05% 3,712 $642K Reduce -3.4%
DUK Duke Energy Corp. 0.05% 6,482 $627K Add +4.3%
IMO Imperial Oil Ltd. 0.05% 9,000 $621K No change
ATS Ats Corp. 0.05% 18,308 $617K Add +7.7%
SYK Stryker Corp. 0.05% 1,716 $614K Reduce -20.8%
MA Mastercard Inc. Class A 0.05% 1,270 $612K Reduce -17.1%
GD General Dynamics Corp. 0.05% 2,125 $600K No change
PNC PNC Financial Services Group 0.05% 3,691 $596K Add +3.5%
SYF Synchrony Financial 0.05% 13,747 $593K No change
UPS United Parcel Service Class B 0.04% 3,905 $580K Add +15.6%
MET Metlife Inc. 0.04% 7,807 $579K Add +1.7%
CHTR Charter Communications Inc. Class A 0.04% 1,968 $572K Add +8.7%
CNC Centene Corp. 0.04% 7,203 $565K Add +3.0%
TSM Taiwan Semiconductor-SP ADR 0.04% 4,146 $564K Reduce -0.2%
SBUX Starbucks Corp. 0.04% 6,165 $563K Add +5.2%
CARR Carrier Global Corp. 0.04% 9,670 $562K Add +5.8%
PRU Prudential Financial Inc. 0.04% 4,720 $554K Reduce -2.6%
NTR Nutrien Ltd. 0.04% 10,034 $546K Reduce -96.7%
MDLZ Mondelez International Inc. Class A 0.04% 7,782 $545K No change
BLK BlackRock Finance Inc. 0.04% 637 $531K No change
NUE Nucor Corp. 0.04% 2,618 $518K Add +5.6%
SWN Southwestern Energy Co. 0.04% 68,031 $516K Add +4.4%
SO The Southern Co. 0.04% 7,153 $513K Add +2.1%
CSX CSX Corp. 0.04% 13,829 $513K No change
B Barrick Gold Corp. 0.04% 30,366 $506K Reduce -95.9%
PGR Progressive Corp. 0.04% 2,435 $504K Reduce -6.6%
LLY Eli Lilly & Co. 0.04% 644 $501K Reduce -16.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 8,591 $495K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.04% 8,576 $489K No change
HCA HCA Healthcare Inc. 0.04% 1,465 $489K Add +3.5%
DFS Discover Financial Services 0.04% 3,726 $488K Add +2.5%
ADM Archer-Daniels-Midland Co. 0.04% 7,642 $480K Add +17.9%
GE General Electric 0.04% 2,727 $479K Reduce -18.3%
GIS General Mills Inc. 0.04% 6,801 $476K Add +4.8%
DOW Dow Inc. 0.04% 8,184 $474K Add +10.3%
TFC Truist Financial Corp. 0.04% 12,123 $473K Add +9.9%
PWR Quanta Services Inc. 0.04% 1,794 $466K Reduce -2.1%
NEM Newmont Corp. 0.04% 12,894 $462K No change
BKNG Booking Holdings Inc. 0.04% 127 $461K Reduce -7.3%
LRCX Lam Research Corp. 0.03% 466 $453K Reduce -9.2%
EOG EOG Resources Inc. 0.03% 3,541 $453K Add +11.7%
NSC Norfolk Southern Corp. 0.03% 1,758 $448K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 4,390 $445K Reduce -3.3%
NKE Nike Inc. Class B 0.03% 4,657 $438K Add +7.8%
PYPL PayPal Holdings Inc. 0.03% 6,503 $436K Add +5.1%
HUM Humana Inc. 0.03% 1,238 $429K Add +11.0%
NOC Northrop Grumman Corp. 0.03% 893 $427K Add +5.7%
TSN Tyson Foods Inc. Class A 0.03% 7,167 $421K Add +6.8%
HPE Hewlett Packard Enterprise 0.03% 23,650 $419K No change
TMUS T-Mobile US Inc. 0.03% 2,558 $418K Add +2.4%
LSPD Lightspeed Commerce Inc. 0.03% 29,649 $417K Add +14.6%
RCI Rogers Communications Inc. Class B 0.03% 10,158 $417K No change
DHR Danaher Corp. 0.03% 1,624 $406K Add +3.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,475 $403K No change
AFL Aflac Inc. 0.03% 4,660 $400K Reduce -2.3%
EXC Exelon Corp. 0.03% 10,521 $395K Add +6.5%
HPQ HP Inc. 0.03% 12,740 $385K No change
CMI Cummins Inc. 0.03% 1,305 $385K No change
ADBE Adobe Inc. 0.03% 762 $385K Reduce -4.2%
LEN Lennar Corp. Class A 0.03% 2,223 $382K Reduce -7.7%
EMR Emerson Electric Co. 0.03% 3,370 $382K Reduce -5.0%
BDX Becton Dickinson and Co. 0.03% 1,544 $382K Add +4.3%
BA The Boeing Co. 0.03% 1,973 $381K Reduce -8.7%
CTSH Cognizant Tech Solutions-A 0.03% 5,156 $378K No change
DD Dupont DE Nemours Inc. 0.03% 4,901 $376K Add +6.8%
DHI D.R. Horton Inc. 0.03% 2,267 $373K Reduce -2.7%
TECK Teck Resources Ltd.-CLS B 0.03% 8,093 $371K Reduce -98.1%
EBAY eBay Inc. 0.03% 7,011 $370K Add +3.6%
PCAR Paccar Inc. 0.03% 2,984 $370K Reduce -3.6%
KMI Kinder Morgan Inc. 0.03% 20,139 $369K Add +3.7%
D Dominion Energy Inc. 0.03% 7,413 $365K Add +7.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.03% 1,900 $365K No change
LYB Lyondellbasell Indu Class A 0.03% 3,511 $359K Add +3.9%
WM Waste Management Inc. 0.03% 1,655 $353K Reduce -2.4%
WDC Western Digital Corp. 0.03% 5,114 $349K Reduce -4.4%
ITW Illinois Tool Works 0.03% 1,292 $347K No change
BBY Best Buy Co. Inc. 0.03% 4,220 $346K Add +4.6%
DG Dollar General Corp. 0.03% 2,218 $346K Reduce -5.0%
PHM Pultegroup Inc. 0.03% 2,869 $346K Reduce -36.2%
FCX Freeport-McMoran Inc. 0.03% 7,308 $344K Add +7.5%
AEP American Electric Power 0.03% 3,960 $341K Add +5.7%
IYW iShares Ustechnology ETF 0.03% 2,425 $328K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 5,970 $327K Add +2.5%
LHX L3HARRIS Technologies Inc. 0.02% 1,523 $325K Add +4.0%
ROST Ross Stores Inc. 0.02% 2,201 $323K Reduce -8.1%
BKR Baker Hughes Co. 0.02% 9,559 $320K Reduce -4.4%
DUOL Duolingo 0.02% 1,447 $319K Add +25.8%
WFG West Fraser Timber Co. Ltd. 0.02% 3,650 $315K Reduce -94.6%
FNV Franco-Nevada Corp. 0.02% 2,641 $315K No change
HIG Hartford Insurance Group Inc. 0.02% 3,035 $313K No change
NFLX Netflix Inc. 0.02% 514 $312K Reduce -3.4%
LUMN Lumen Technologies Inc. 0.02% 195,342 $305K Add +19.1%
JCI Johnson Controls Internation 0.02% 4,662 $305K Add +3.6%
CMS CMS Energy Corp. 0.02% 4,983 $301K Reduce -30.7%
OXY Occidental Petroleum Corp. 0.02% 4,623 $300K Add +7.1%
DGRW Wisdomtree U.S. Quality Divi 0.02% 3,887 $296K Add +13.9%
URI United Rentals Inc. 0.02% 406 $293K Reduce -55.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,373 $289K Add +4.6%
ALLY Ally Financial Inc. 0.02% 7,101 $288K Reduce -4.0%
FIS Fidelity National Info Serv 0.02% 3,884 $288K Reduce -4.7%
REGN Regeneron Pharmaceuticals 0.02% 297 $286K No change
ADP Automatic Data Processing 0.02% 1,138 $284K No change
AMP Ameriprise Financial Inc. 0.02% 648 $284K No change
WRK Westrock Co. 0.02% 5,694 $282K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 273 $278K No change
WMB Williams Cos Inc. 0.02% 7,112 $277K No change
IP International Paper Co. 0.02% 7,061 $276K Add +5.3%
PXD Pioneer Natural Resources Co. 0.02% 1,046 $275K New
XYZ Block Inc. 0.02% 3,246 $275K New
VWO Vanguard Ftse Emerging Marke 0.02% 6,483 $271K No change
FITB Fifth Third Bancorp 0.02% 7,080 $263K No change
STLD Steel Dynamics Inc. 0.02% 1,740 $258K New
VST Vistra Corp. 0.02% 3,680 $256K New
ED Consolidated Edison Inc. 0.02% 2,816 $256K Add +6.1%
AMT American Tower Corp. 0.02% 1,286 $254K Add +7.5%
GDX Vaneck Gold Miners ETF 0.02% 8,013 $253K Reduce -3.3%
SPGI S&P Global Inc. 0.02% 592 $252K Add +8.8%
PH Parker Hannifin Corp. 0.02% 453 $252K Reduce -4.8%
OKE Oneok Inc. 0.02% 3,097 $248K Add +5.0%
SHOP Shopify Inc. Class A 0.02% 3,179 $245K Reduce -99.6%
ICE Intercontinental Exchange Inc. 0.02% 1,786 $245K Reduce -3.4%
XYL Xylem Inc. 0.02% 1,866 $241K No change
KHC The Kraft Heinz Co. 0.02% 6,529 $241K Reduce -1.4%
SPG Simon Property Group Inc. 0.02% 1,532 $240K Reduce -4.3%
SYY Sysco Corp. 0.02% 2,948 $239K No change
GLW Corning Inc. 0.02% 7,240 $239K Add +4.8%
BIIB Biogen Inc. 0.02% 1,102 $238K Add +6.4%
PARAA Paramount Global Class B 0.02% 19,913 $234K Add +20.3%
BX Blackstone Inc. 0.02% 1,781 $234K Reduce -4.0%
CEG Constellation Energy 0.02% 1,262 $233K New
KMB Kimberly-Clark Corp. 0.02% 1,796 $232K Add +3.9%
SRE Sempra 0.02% 3,229 $232K Add +11.2%
INTU Intuit Inc. 0.02% 356 $231K Reduce -5.8%
ANSS Ansys Inc. 0.02% 661 $229K No change
ORLY O'reilly Automotive Inc. 0.02% 203 $229K New
MCK McKesson Corp. 0.02% 425 $228K Reduce -3.2%
AMD Advanced Micro Devices 0.02% 1,261 $228K New
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.02% 5,790 $227K No change
KKR KKR & Co. Inc. 0.02% 2,231 $224K New
CCI Crown Castle Inc. 0.02% 2,107 $223K Add +8.6%
AQN Algonquin Power & Utilities 0.02% 35,184 $223K Reduce -58.6%
CBRE CBRE Group Inc. Class A 0.02% 2,262 $220K New
KEY Keycorp 0.02% 13,721 $217K Add +6.9%
WY Weyerhaeuser Co. 0.02% 6,037 $217K New
KSS Kohls Corp. 0.02% 7,425 $216K No change
NRG NRG Energy Inc. 0.02% 3,192 $216K New
FISV Fiserv Inc. 0.02% 1,342 $214K New
PPL PPL Corp. 0.02% 7,764 $214K No change
CFG Citizens Financial Group 0.02% 5,882 $213K New
BAX Baxter International Inc. 0.02% 4,814 $206K New
CVE Cenovus Energy Inc. 0.02% 10,274 $206K Reduce -98.1%
VTRS Viatris Inc. 0.02% 17,176 $205K Reduce -0.7%
PPG PPG Industries Inc. 0.02% 1,410 $204K Reduce -3.8%
KLAC KLA Corp. 0.02% 291 $203K New
PEG Public Service Enterprise GP 0.02% 3,041 $203K New
XEL Xcel Energy Inc. 0.02% 3,772 $203K Add +6.5%
RS Reliance Inc. 0.02% 606 $203K New
AOS Smith (a.o.) Corp. 0.02% 2,245 $201K New
ACWI iShares MSCI Acwi ETF 0.02% 1,819 $200K Reduce -89.4%
ETR Entergy Corp. 0.02% 1,895 $200K New
BTG B2GOLD Corp. 0.01% 69,000 $181K No change
QVCG QVC Group Inc. filed as QURATE RETAIL INC 0.01% 118,074 $145K No change
HBAN Huntington Bancshares Inc. 0.01% 10,281 $143K New
WBD Warner Bros Discovery Inc. 0.01% 15,754 $138K Add +12.6%
CHGG Chegg Inc. 0.01% 12,469 $94K No change
ENVX Enovix Corp. 0.01% 11,293 $90K Add +8.1%
HBI Hanesbrands Inc. 0.01% 11,851 $69K Add +15.6%
GNW Genworth Financial Inc. 0.01% 10,250 $66K No change
LYG Lloyds Banking Group PLC-ADR 0.00% 21,601 $56K Reduce -25.5%
TDUP Thredup Inc. Class A 0.00% 22,147 $44K No change
Other holdings (5): bonds, preferreds, convertibles and warrants · $3.3M (not counted above)
SecurityClassShares / PrincipalValueChange
SHV iShares 0-1 Year Treasury Bo TRUST ISHARE 0-1 · principal 9,635$1.1MNo change
AGG iShares Core U.S. Aggregate CORE US AGGBD ET · principal 8,457$828KNo change
LQD Ishr Ibx Usd Invgd CB ETF-Ui IBOXX INV CP ETF · principal 6,830$744KAdd +7.8%
ISTB iShares Core 1-5 Year Usd Bo CORE 1 5 YR USD · principal 7,876$374KAdd +14.5%
MBB iShares MBS ETF MBS ETF · principal 2,969$274KReduce -9.8%

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q4 2023 → Q1 2024

SHOP Shopify Inc. Class A Reduce -99.6% 0.02% −2.80
CNQ Canadian Natural Resources Reduce -82.0% 1.30% −2.21
RY Royal Bank of Canada Reduce -62.2% 4.26% −2.12
TD Toronto-Dominion Bank Reduce -63.6% 3.08% −2.04
ENB Enbridge Inc. Reduce -76.4% 1.16% −1.60
AEM Agnico Eagle Mines Ltd. Reduce -97.6% 0.07% −1.48
CP Canadian Pacific Kansas City Reduce -78.9% 1.04% −1.47
BMO Bank of Montreal Reduce -64.6% 1.95% −1.21
CNI Canadian Natl Railway Co. Reduce -62.8% 2.50% −1.12
MFC Manulife Financial Corp. Reduce -76.9% 0.92% −1.08
LMT Lockheed Martin Corp. Reduce -95.7% 0.09% −1.08
BN Brookfield Corp. Reduce -70.6% 1.26% −1.06
BNS Bank of Nova Scotia Reduce -69.8% 1.14% −0.87
CM Can Imperial BK of Commerce Reduce -81.9% 0.42% −0.83
TECK Teck Resources Ltd.-CLS B Reduce -98.1% 0.03% −0.74
SU Suncor Energy Inc. Reduce -76.8% 0.64% −0.71
NTR Nutrien Ltd. Reduce -96.7% 0.04% −0.70
WPM Wheaton Precious Metals Corp. Sold out 0.00% −0.70
APD Air Products & Chemicals Inc. Reduce -90.7% 0.12% −0.69
GIB Cgi Inc. Reduce -57.0% 2.13% −0.59
TRI Thomson Reuters Corp. Reduce -62.1% 1.43% −0.57
SLF Sun Life Financial Inc. Reduce -91.9% 0.10% −0.56
B Barrick Gold Corp. Reduce -95.9% 0.04% −0.53
OTEX Open Text Corp. Reduce -46.3% 3.27% −0.46
FTS Fortis Inc. Reduce -53.8% 1.65% −0.45
CVE Cenovus Energy Inc. Reduce -98.1% 0.02% −0.38
QSR Restaurant Brands Intern Reduce -50.2% 2.77% −0.32
NVEI Nuvei Corp.-Subordinate VTG Reduce -68.3% 0.63% −0.30
MGA Magna International Inc. Sold out 0.00% −0.29
BAM Brookfield Asset Mgmt-A Reduce -71.3% 0.31% −0.28
WFG West Fraser Timber Co. Ltd. Reduce -94.6% 0.02% −0.23
ACWI iShares MSCI Acwi ETF Reduce -89.4% 0.02% −0.06
WCN Waste Connections Inc. Reduce -52.8% 1.41% −0.06
ERF Enerplus Corp. Sold out 0.00% −0.04
SHLS Shoals Technologies Group -A Sold out 0.00% −0.02
PLD Prologis Inc. Sold out 0.00% −0.01
X United States Steel Corp. Sold out 0.00% −0.01
DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.01
AQN Algonquin Power & Utilities Reduce -58.6% 0.02% −0.01
DISH Dish Network Corp. Class A Sold out 0.00% −0.00
TU Telus Corp. Reduce -39.7% 0.06% −0.00
ACB Aurora Cannabis Inc. Sold out 0.00% −0.00
URI United Rentals Inc. Reduce -55.2% 0.02% 0.00
LYG Lloyds Banking Group PLC-ADR Reduce -25.5% 0.00% +0.00
BA The Boeing Co. Reduce -8.7% 0.03% +0.00
CMS CMS Energy Corp. Reduce -30.7% 0.02% +0.01
PPG PPG Industries Inc. Reduce -3.8% 0.02% +0.01
PHM Pultegroup Inc. Reduce -36.2% 0.03% +0.01
RBA RB Global Inc. Reduce -50.3% 3.84% +0.01
BX Blackstone Inc. Reduce -4.0% 0.02% +0.01

Portfolio Buys Q4 2023 → Q1 2024

AZN Astrazeneca PLC-Spons ADR Add +16.4% 3.36% +1.75
J Jacobs Solutions Inc. Add +16.6% 2.64% +1.56
SAP Sap SE-Sponsored ADR New 1.56% +1.56
MAR Marriott International Class A Add +8.3% 1.74% +0.93
CL Colgate-Palmolive Co. Add +0.1% 1.70% +0.85
TCN Tricon Residential Inc. Add +2.7% 0.79% +0.44
IBN Icici Bank Ltd.-Spon ADR Add +2.5% 0.69% +0.35
DSGX The Descartes Systems Grp Add +4.0% 0.61% +0.31
PBA Pembina Pipeline Corp. Add +0.7% 0.65% +0.30
XOM Exxon Mobil Corp. Add +8.8% 0.31% +0.17
RIO Rio Tinto PLC-Spon ADR Add +0.3% 0.44% +0.15
BAC Bank of America Corp. Add +2.2% 0.26% +0.13
CVX Chevron Corp. Add +4.9% 0.25% +0.12
TSLA Tesla Inc. Add +0.1% 0.55% +0.11
VZ Verizon Communications Inc. Add +1.9% 0.22% +0.11
NEE Nextera Energy Inc. Add +18.2% 0.18% +0.10
T AT&T Inc. Add +2.1% 0.20% +0.09
NVO Novo-Nordisk A/S-Spons ADR New 0.08% +0.08
CMCSA Comcast Corp. Class A Add +0.4% 0.19% +0.08
AWK American Water Works Co. Inc. Add +12.4% 0.18% +0.08
CVS CVS Health Corp. Add +5.4% 0.16% +0.07
UNH Unitedhealth Group Inc. Add +3.0% 0.17% +0.07
GM General Motors Co. Add +4.9% 0.12% +0.07
APH Amphenol Corp. Class A Add +163.1% 0.08% +0.07
PFE Pfizer Inc. Add +14.6% 0.11% +0.05
MPC Marathon Petroleum Corp. Add +7.0% 0.09% +0.05
CI The Cigna Group Add +3.5% 0.09% +0.05
ABBV Abbvie Inc. Add +1.8% 0.09% +0.05
EWJ iShares MSCI Japan ETF Add +6.8% 0.09% +0.05
VLO Valero Energy Corp. Add +7.1% 0.08% +0.05
SCHW Schwab (charles) Corp. Add +2.2% 0.10% +0.05
QCOM Qualcomm Inc. Add +2.9% 0.08% +0.04
PXF Invesco Rafi Developed Marke Add +1.4% 0.09% +0.04
TGT Target Corp. Add +4.8% 0.08% +0.04
GS Goldman Sachs Group Inc. Add +1.3% 0.09% +0.04
MPWR Monolithic Power Systems Inc. Add +6.0% 0.08% +0.04
ELV Elevance Health Inc. Add +2.4% 0.08% +0.04
PEP Pepsico Inc. Add +3.6% 0.08% +0.04
LOW Lowe's Cos Inc. Add +4.5% 0.07% +0.04
BRAG Bragg Gaming Group Inc. Add +6.2% 0.06% +0.04
ENPH Enphase Energy Inc. Add +56.6% 0.06% +0.03
PM Philip Morris International Add +4.0% 0.08% +0.03
MO Altria Group Inc. Add +4.5% 0.07% +0.03
DCBO Docebo Inc. Add +2.7% 0.07% +0.03
BMY Bristol-Myers Squibb Co. Add +17.5% 0.06% +0.03
RELX Relx PLC - Spon ADR Add +1.3% 0.06% +0.03
RTX RTX Corp. Add +4.3% 0.06% +0.03
KO The Coca-Cola Co. Add +2.5% 0.06% +0.03
KR Kroger Co. Add +1.6% 0.05% +0.03
MS Morgan Stanley Add +8.3% 0.06% +0.03

Notes & Other Activity Q4 2023 → Q1 2024

LQD Ishr Ibx Usd Invgd CB ETF-Ui IBOXX INV CP ETF · principal Add +7.8% 6,830 $744K
ISTB iShares Core 1-5 Year Usd Bo CORE 1 5 YR USD · principal Add +14.5% 7,876 $374K
MBB iShares MBS ETF MBS ETF · principal Reduce -9.8% 2,969 $274K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 479$2.1BRY, AAPL, NVDA, TD, BMO
Q1 2026 435$1.8BRY, RBA, AZN, FTS, TD
Q4 2025 365$1.4BMSFT, AZN, RY, V, WTW
Q3 2025 357$1.7BRY, MSFT, RBA, J, FTS
Q2 2025 360$1.7BMSFT, RY, RBA, V, ABT
Q1 2025 340$1.5BRBA, RY, MSFT, WTW, QSR
Q4 2024 335$1.5BRY, MSFT, RBA, GOOGL, WTW
Q3 2024 343$1.4BRY, MSFT, RBA, AZN, CNI
Q2 2024 314$1.3BMSFT, RY, AZN, RBA, V
Q1 2024 324$1.3BMSFT, RY, RBA, V, AZN