Cidel Asset Management Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Cidel Asset Management Inc. reported 343 stock positions worth $1.4 billion. Its top holding was Royal Bank of Canada (RY) at 5.1% of the portfolio, followed by Microsoft (MSFT, 4.8%) and RB Global (RBA, 3.9%). Compared with Q2 2024, it opened 32 new positions, sold out of 3, added to 113 and reduced 110. The biggest buy was Abbott Laboratories (ABT, shares +2870%) and the biggest sale Fomento Economico Mex-SP ADR (FMX, shares −96%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001621915
Portfolio Value
$1.4B (Q3 2024)
SEC Filing
0001085146-24-005320 ↗ filed Nov 4, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.4B $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 343 stocks · $1.4B

RY Royal Bank of Canada 5.05% 572,071 $71.5M Add +3.3%
MSFT Microsoft Corp. 4.81% 158,025 $68.0M Reduce -4.8%
RBA RB Global Inc. 3.87% 678,868 $54.7M Add +1.0%
AZN Astrazeneca PLC-Spons ADR 3.64% 660,846 $51.5M Add +0.1%
CNI Canadian Natl Railway Co. 3.06% 368,941 $43.3M Add +46.6%
FTS Fortis Inc. 3.00% 932,266 $42.4M Add +19.1%
QSR Restaurant Brands Intern 2.69% 527,473 $38.1M Add +5.8%
GIB Cgi Inc. 2.46% 302,564 $34.9M Add +18.8%
TD Toronto-Dominion Bank 2.45% 546,635 $34.6M Add +9.2%
V Visa Inc. Class A 2.34% 120,305 $33.1M Reduce -29.8%
OTEX Open Text Corp. 2.16% 917,905 $30.6M Reduce -17.1%
J Jacobs Solutions Inc. 2.11% 227,493 $29.8M Add +13.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 1.79% 412,057 $25.3M Add +298.2%
CL Colgate-Palmolive Co. 1.74% 237,656 $24.7M Reduce -3.5%
SAP Sap SE-Sponsored ADR 1.73% 106,655 $24.4M Add +0.5%
GOOGL Alphabet Inc. Class A 1.62% 137,945 $22.9M Add +5.1%
ZTS Zoetis Inc. 1.61% 116,318 $22.7M Reduce -13.4%
BMO Bank of Montreal filed as BANK MONTREAL QUE 1.59% 248,971 $22.5M Reduce -1.6%
ABT Abbott Laboratories 1.59% 197,197 $22.5M Add +2869.8%
MAR Marriott International Class A 1.52% 86,445 $21.5M Add +13.0%
TRI Thomson Reuters Corp. 1.52% 125,526 $21.4M Add +1.7%
JPM JPMorgan Chase & Co. 1.46% 98,214 $20.7M Reduce -0.0%
MELI MercadoLibre Inc. 1.45% 9,989 $20.5M Add +0.3%
WCN Waste Connections Inc. 1.41% 111,663 $20.0M Add +1.6%
CIGI Colliers Intl GR-Subord Vot 1.38% 128,068 $19.5M Add +0.1%
CBOE Cboe Global Markets Inc. 1.29% 89,318 $18.3M Reduce -12.0%
AAPL Apple Inc. 1.29% 78,395 $18.3M Reduce -0.4%
WEC WEC Energy Group Inc. 1.29% 189,479 $18.2M Add +0.4%
ADI Analog Devices Inc. 1.27% 78,040 $18.0M Reduce -27.1%
CMS CMS Energy Corp. 1.20% 241,051 $17.0M Add +0.3%
COP Conocophillips 1.18% 158,308 $16.7M Reduce -9.5%
CRM Salesforce Inc. 1.12% 58,056 $15.9M Add +0.7%
MFC Manulife Financial Corp. 1.02% 489,507 $14.5M Add +2.8%
STGW Stagwell Inc. 1.01% 2,039,680 $14.3M No change
AQN Algonquin Power & Utilities 0.97% 2,500,011 $13.7M Add +7339.2%
PG The Procter & Gamble Co. 0.95% 77,369 $13.4M Add +1.5%
BN Brookfield Corp. 0.94% 249,954 $13.3M Reduce -33.9%
STN Stantec Inc. 0.93% 163,807 $13.2M Reduce -23.9%
CP Canadian Pacific Kansas City 0.93% 152,847 $13.1M Add +1.4%
UBER Uber Technologies Inc. 0.91% 171,442 $12.9M New
GRP.U Granite Real Estate Investme 0.88% 206,439 $12.5M Add +21.5%
LLY Eli Lilly & Co. 0.80% 12,689 $11.2M Add +26.6%
DSGX The Descartes Systems Grp 0.78% 107,204 $11.0M Add +2.9%
PBA Pembina Pipeline Corp. 0.73% 251,518 $10.4M Add +0.8%
IBN Icici Bank Ltd.-Spon ADR 0.69% 325,363 $9.7M Reduce -9.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.67% 173,071 $9.4M Reduce -39.6%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.66% 422,740 $9.3M Add +4.3%
RIO Rio Tinto PLC-Spon ADR 0.65% 129,203 $9.2M Add +1.9%
CNQ Canadian Natural Resources 0.52% 220,407 $7.3M Reduce -47.1%
SU Suncor Energy Inc. 0.51% 196,916 $7.3M Reduce -14.1%
TSLA Tesla Inc. 0.49% 26,477 $6.9M Reduce -1.0%
BRK.A Berkshire Hathaway Inc. Class A 0.49% 10 $6.9M Reduce -99.9%
VIG Vanguard Dividend Apprec ETF 0.46% 33,060 $6.5M New
FNDX Schwab Fndmntl US LRG Co. ETF 0.44% 86,831 $6.2M Add +2.3%
VEA Vanguard Ftse Developed ETF 0.38% 101,546 $5.4M Add +278.3%
VOO Vanguard S&P 500 ETF 0.37% 9,906 $5.2M Add +119.8%
XOM Exxon Mobil Corp. 0.35% 42,721 $5.0M Add +6.6%
PRF Invesco Rafi US 1000 ETF 0.35% 121,330 $4.9M Add +3.4%
AMZN Amazon.com Inc. 0.33% 24,714 $4.6M Add +1.4%
GOOG Alphabet Inc. Class C 0.31% 26,036 $4.4M Add +1.0%
BRK.B Berkshire Hathaway Inc. Class B 0.31% 9,418 $4.3M New
NGG National Grid PLC-SP ADR 0.28% 56,562 $3.9M New
META Meta Platforms Inc. Class A 0.28% 6,817 $3.9M Reduce -8.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.25% 90,482 $3.6M Reduce -3.8%
CCJ Cameco Corp. 0.25% 75,000 $3.6M No change
CVX Chevron Corp. 0.24% 22,572 $3.3M Add +6.0%
WMT Walmart Inc. 0.22% 38,663 $3.1M Reduce -5.1%
NEE Nextera Energy Inc. 0.21% 35,939 $3.0M Add +1.6%
VZ Verizon Communications Inc. 0.21% 67,395 $3.0M Reduce -4.1%
AWK American Water Works Co. Inc. 0.21% 20,419 $3.0M Add +2.8%
IVV iShares Core S&P 500 ETF 0.21% 5,096 $2.9M New
T AT&T Inc. 0.21% 133,243 $2.9M Reduce -8.3%
WFC Wells Fargo & Co. 0.20% 49,981 $2.8M Reduce -5.9%
UNH Unitedhealth Group Inc. 0.20% 4,804 $2.8M Add +1.4%
ENB Enbridge Inc. 0.19% 66,572 $2.7M Reduce -61.3%
CMCSA Comcast Corp. Class A 0.19% 63,719 $2.7M Add +4.8%
NVO Novo-Nordisk A/S-Spons ADR 0.18% 21,903 $2.6M Add +2.1%
JNJ Johnson & Johnson 0.18% 15,898 $2.6M Reduce -3.2%
C Citigroup Inc. 0.16% 37,188 $2.3M Reduce -9.2%
MU Micron Technology Inc. 0.16% 22,165 $2.3M Reduce -2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 9,218 $2.0M Reduce -4.5%
HD Home Depot Inc. 0.14% 4,892 $2.0M No change
CSCO Cisco Systems Inc. 0.14% 36,323 $1.9M Add +5.0%
PFE Pfizer Inc. 0.14% 65,951 $1.9M Add +11.8%
COST Costco Wholesale Corp. 0.13% 2,108 $1.9M Reduce -6.0%
CVS CVS Health Corp. 0.13% 29,602 $1.9M Add +3.1%
INTC Intel Corp. 0.13% 76,718 $1.8M Add +18.8%
IWF iShares Russell 1000 Growth 0.12% 4,485 $1.7M No change
PXF Invesco Rafi Developed Marke 0.12% 31,466 $1.6M Add +0.7%
SLF Sun Life Financial Inc. 0.11% 26,800 $1.6M Add +40.6%
APH Amphenol Corp. Class A 0.11% 23,123 $1.5M Add +1.9%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.11% 40,303 $1.5M No change
GM General Motors Co. 0.10% 32,231 $1.4M Reduce -4.8%
ABBV Abbvie Inc. 0.10% 6,981 $1.4M No change
LUMN Lumen Technologies Inc. 0.10% 193,365 $1.4M Reduce -14.2%
TRP TC Energy Corp. 0.10% 28,456 $1.4M Add +37.8%
PM Philip Morris International 0.09% 10,980 $1.3M Reduce -2.0%
LMT Lockheed Martin Corp. 0.09% 2,213 $1.3M Reduce -7.6%
AVGO Broadcom Inc. 0.09% 7,431 $1.3M Reduce -11.5%
GS Goldman Sachs Group Inc. 0.09% 2,449 $1.2M Reduce -7.1%
EWJ iShares MSCI Japan ETF 0.09% 16,796 $1.2M Reduce -0.1%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 5,046 $1.2M No change
MRK Merck & Co. Inc. 0.08% 10,529 $1.2M Add +3.6%
DCBO Docebo Inc. 0.08% 26,957 $1.2M Add +52.5%
BCE Bce Inc. 0.08% 34,178 $1.2M Add +26.1%
SCHW Schwab (charles) Corp. 0.08% 18,297 $1.2M Add +1.4%
VTI VG Morningstar TS MKT ETF-US 0.08% 4,155 $1.2M No change
CI The Cigna Group 0.08% 3,394 $1.2M Add +2.3%
PEP Pepsico Inc. 0.08% 6,863 $1.2M Add +3.8%
AEM Agnico Eagle Mines Ltd. 0.08% 13,299 $1.1M Reduce -0.9%
LOW Lowe's Cos Inc. 0.08% 3,956 $1.1M Add +4.0%
ELV Elevance Health Inc. 0.08% 2,060 $1.1M No change
ORCL Oracle Corp. 0.07% 6,193 $1.1M Reduce -1.8%
MO Altria Group Inc. 0.07% 20,360 $1.0M Reduce -1.6%
BMY Bristol-Myers Squibb Co. 0.07% 19,847 $1.0M Add +14.1%
AMGN Amgen Inc. 0.07% 3,143 $1.0M Reduce -2.9%
MPC Marathon Petroleum Corp. 0.07% 6,101 $994K Add +8.6%
QCOM Qualcomm Inc. 0.07% 5,811 $988K Reduce -3.3%
KO The Coca-Cola Co. 0.07% 13,748 $988K No change
CARR Carrier Global Corp. 0.07% 12,236 $985K Add +2.4%
MCD McDonald's Corp. 0.07% 3,182 $969K Add +1.5%
CAT Caterpillar Inc. 0.07% 2,471 $966K No change
COF Capital One Financial Corp. 0.07% 6,423 $962K Reduce -2.2%
MMM 3M Co. 0.07% 6,872 $939K Reduce -4.5%
RTX RTX Corp. 0.07% 7,662 $928K Reduce -1.8%
UNP Union Pacific Corp. 0.06% 3,705 $913K No change
TGT Target Corp. 0.06% 5,771 $899K Reduce -2.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 9,322 $897K Add +1.3%
VLO Valero Energy Corp. 0.06% 6,591 $890K Add +7.4%
DE Deere & Co. 0.06% 2,041 $852K Add +6.3%
MS Morgan Stanley 0.06% 8,155 $850K Add +1.6%
MDT Medtronic PLC 0.06% 9,405 $847K No change
PSX Phillips 66 0.06% 6,233 $819K Add +1.9%
GILD Gilead Sciences Inc. 0.06% 9,720 $815K Add +1.8%
VGK Vanguard Ftse Europe ETF 0.06% 11,385 $809K No change
TXN Texas Instruments Inc. 0.06% 3,899 $805K No change
AXP American Express Co. 0.06% 2,959 $802K Reduce -8.3%
TMO Thermo Fisher Scientific Inc. 0.06% 1,275 $789K Add +4.3%
HON Honeywell International Inc. 0.06% 3,805 $786K No change
ACN Accenture PLC Class A 0.06% 2,205 $779K Add +3.5%
ENPH Enphase Energy Inc. 0.05% 6,639 $750K Add +5.8%
DUK Duke Energy Corp. 0.05% 6,482 $747K No change
RELX Relx PLC - Spon ADR 0.05% 15,644 $742K Reduce -15.7%
F Ford Motor Co. filed as FORD MTR CO 0.05% 69,927 $738K Add +6.1%
CHTR Charter Communications Inc. Class A 0.05% 2,273 $737K Add +6.1%
UPS United Parcel Service Class B 0.05% 5,375 $733K Add +17.4%
USMV iShares MSCI USA Min Vol Fac 0.05% 7,710 $704K No change
KR Kroger Co. 0.05% 12,283 $704K No change
USB US Bancorp 0.05% 15,221 $696K Reduce -1.7%
CB Chubb Ltd. 0.05% 2,407 $694K Reduce -5.5%
FDX FedEx Corp. 0.05% 2,529 $692K No change
SBUX Starbucks Corp. 0.05% 7,063 $689K Add +3.6%
TSM Taiwan Semiconductor-SP ADR 0.05% 3,842 $667K Reduce -7.3%
SO The Southern Co. 0.05% 7,346 $662K No change
NEM Newmont Corp. 0.05% 12,125 $648K Reduce -6.0%
BRAG Bragg Gaming Group Inc. 0.05% 126,985 $645K No change
TRV The Travelers Cos Inc. 0.05% 2,747 $643K Reduce -5.1%
MA Mastercard Inc. Class A 0.05% 1,301 $642K Add +2.4%
FMX Fomento Economico Mex-SP ADR 0.04% 6,451 $637K Reduce -96.2%
IMO Imperial Oil Ltd. 0.04% 9,000 $634K No change
CHD Church & Dwight Co. Inc. 0.04% 6,053 $634K Reduce -8.4%
NVEI Nuvei Corp.-Subordinate VTG 0.04% 18,925 $632K Reduce -92.1%
PNC PNC Financial Services Group 0.04% 3,404 $629K Reduce -5.6%
AIG American International Group 0.04% 8,532 $625K No change
BLK BlackRock Finance Inc. 0.04% 656 $623K No change
SYF Synchrony Financial 0.04% 12,367 $617K Reduce -5.8%
HCA HCA Healthcare Inc. 0.04% 1,509 $613K No change
GD General Dynamics Corp. 0.04% 2,005 $606K Reduce -2.2%
SYK Stryker Corp. 0.04% 1,676 $605K Reduce -2.3%
MDLZ Mondelez International Inc. Class A 0.04% 8,179 $603K Add +2.5%
LSPD Lightspeed Commerce Inc. 0.04% 36,229 $598K Add +22.2%
AMAT Applied Materials Inc. 0.04% 2,926 $591K No change
MET Metlife Inc. 0.04% 7,081 $584K Reduce -3.2%
ADM Archer-Daniels-Midland Co. 0.04% 9,693 $579K Add +13.4%
ROK Rockwell Automation Inc. 0.04% 2,129 $572K Reduce -92.9%
ALL Allstate Corp. 0.04% 3,012 $571K Reduce -13.7%
CNC Centene Corp. 0.04% 7,428 $559K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 7,708 $554K Reduce -7.0%
GIS General Mills Inc. 0.04% 7,425 $548K Add +2.7%
ATS Ats Corp. 0.04% 18,707 $543K Add +3.3%
DOW Dow Inc. 0.04% 9,753 $533K Add +10.4%
TMUS T-Mobile US Inc. 0.04% 2,558 $528K No change
EOG EOG Resources Inc. 0.04% 4,281 $526K Add +10.5%
PWR Quanta Services Inc. 0.04% 1,746 $521K Reduce -2.7%
SWN Southwestern Energy Co. 0.04% 73,062 $519K Add +4.4%
BKNG Booking Holdings Inc. 0.04% 122 $514K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.04% 8,576 $511K No change
PGR Progressive Corp. 0.04% 1,979 $502K Reduce -12.8%
HUM Humana Inc. 0.04% 1,580 $500K Add +11.7%
NKE Nike Inc. Class B 0.04% 5,643 $499K Add +10.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 4,228 $497K Reduce -3.7%
NOC Northrop Grumman Corp. 0.04% 938 $495K No change
DFS Discover Financial Services 0.04% 3,526 $495K Reduce -5.4%
TFC Truist Financial Corp. 0.03% 11,471 $491K Reduce -5.4%
CSX CSX Corp. 0.03% 14,200 $490K No change
PYPL PayPal Holdings Inc. 0.03% 6,274 $490K Reduce -7.4%
AFL Aflac Inc. 0.03% 4,293 $480K Reduce -5.0%
DD Dupont DE Nemours Inc. 0.03% 5,384 $480K Add +5.9%
PRU Prudential Financial Inc. 0.03% 3,952 $479K Reduce -7.9%
DHR Danaher Corp. 0.03% 1,710 $475K Add +5.3%
HPQ HP Inc. 0.03% 13,078 $469K No change
NUE Nucor Corp. 0.03% 3,109 $467K Add +13.2%
HPE Hewlett Packard Enterprise 0.03% 22,831 $467K No change
GLD SPDR Gold Shares 0.03% 1,914 $465K No change
EXC Exelon Corp. 0.03% 11,375 $461K Add +3.3%
NSC Norfolk Southern Corp. 0.03% 1,836 $456K No change
KMI Kinder Morgan Inc. 0.03% 20,139 $445K No change
DUOL Duolingo 0.03% 1,576 $444K Add +8.9%
BBY Best Buy Co. Inc. 0.03% 4,220 $436K No change
ADBE Adobe Inc. 0.03% 838 $434K Add +10.0%
DHI D.R. Horton Inc. 0.03% 2,267 $432K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,475 $432K No change
EBAY eBay Inc. 0.03% 6,583 $429K Reduce -6.1%
D Dominion Energy Inc. 0.03% 7,413 $428K No change
WBA Walgreens Boots Alliance Inc. 0.03% 47,656 $427K Add +31.9%
TSN Tyson Foods Inc. Class A 0.03% 7,167 $427K No change
AEP American Electric Power 0.03% 4,108 $421K No change
BDX Becton Dickinson and Co. 0.03% 1,721 $415K Add +5.9%
RCI Rogers Communications Inc. Class B 0.03% 10,158 $409K No change
CTSH Cognizant Tech Solutions-A 0.03% 5,156 $398K No change
CMI Cummins Inc. 0.03% 1,222 $396K Reduce -6.4%
LEN Lennar Corp. Class A 0.03% 2,072 $388K Reduce -6.8%
GE General Electric filed as GE AEROSPACE 0.03% 2,035 $384K Reduce -14.6%
LYB Lyondellbasell Indu Class A 0.03% 3,927 $377K Add +6.7%
TU Telus Corp. 0.03% 22,224 $373K Reduce -35.7%
B Barrick Gold Corp. 0.03% 18,500 $368K No change
IYW iShares Ustechnology ETF 0.03% 2,425 $368K No change
FCX Freeport-McMoran Inc. 0.03% 7,308 $365K No change
LRCX Lam Research Corp. 0.03% 444 $362K No change
LHX L3HARRIS Technologies Inc. 0.03% 1,523 $362K No change
SPGI S&P Global Inc. 0.03% 692 $358K Add +6.3%
APD Air Products & Chemicals Inc. 0.03% 1,196 $356K Reduce -4.8%
ITW Illinois Tool Works 0.03% 1,358 $356K Add +5.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.03% 1,760 $353K No change
NFLX Netflix Inc. 0.03% 498 $353K No change
JCI Johnson Controls Internation 0.02% 4,503 $349K Reduce -3.4%
EMR Emerson Electric Co. 0.02% 3,151 $345K No change
PHM Pultegroup Inc. 0.02% 2,389 $343K Reduce -4.7%
WM Waste Management Inc. 0.02% 1,597 $332K Reduce -3.5%
WMB Williams Cos Inc. 0.02% 7,112 $325K No change
IP International Paper Co. 0.02% 6,641 $324K Reduce -6.0%
DGRW Wisdomtree U.S. Quality Divi 0.02% 3,887 $323K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 562 $322K New
AMT American Tower Corp. 0.02% 1,381 $321K No change
HIG Hartford Insurance Group Inc. 0.02% 2,714 $319K Reduce -10.6%
FNV Franco-Nevada Corp. 0.02% 2,544 $316K Reduce -2.8%
ADP Automatic Data Processing 0.02% 1,138 $315K No change
REGN Regeneron Pharmaceuticals 0.02% 297 $312K No change
NTR Nutrien Ltd. 0.02% 6,471 $311K Reduce -14.8%
VWO Vanguard Ftse Emerging Marke 0.02% 6,483 $310K No change
GLW Corning Inc. 0.02% 6,869 $310K Reduce -5.1%
ED Consolidated Edison Inc. 0.02% 2,935 $306K No change
QQQM Invesco Nasdaq 100 ETF 0.02% 1,520 $305K Add +0.8%
BKR Baker Hughes Co. 0.02% 8,392 $303K Reduce -4.8%
SFM Sprouts Farmers Market Inc. 0.02% 2,706 $299K New
ROST Ross Stores Inc. 0.02% 1,974 $297K Reduce -0.7%
GEHC GE Healthcare Technology 0.02% 3,144 $295K New
AMP Ameriprise Financial Inc. 0.02% 611 $287K No change
OXY Occidental Petroleum Corp. 0.02% 5,522 $285K Add +11.1%
BA The Boeing Co. 0.02% 1,861 $283K Reduce -5.0%
OKE Oneok Inc. 0.02% 3,097 $282K No change
SRE Sempra 0.02% 3,373 $282K No change
CBRE CBRE Group Inc. Class A 0.02% 2,262 $282K No change
PCAR Paccar Inc. 0.02% 2,850 $281K No change
WDC Western Digital Corp. 0.02% 4,113 $281K Reduce -9.4%
VST Vistra Corp. 0.02% 2,350 $279K Reduce -19.2%
URI United Rentals Inc. 0.02% 343 $278K Reduce -5.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 6,514 $273K Add +9.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,502 $273K Add +5.4%
XEL Xcel Energy Inc. 0.02% 4,157 $271K No change
PEG Public Service Enterprise GP 0.02% 3,041 $271K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 260 $270K No change
WFG West Fraser Timber Co. Ltd. 0.02% 2,765 $270K New
XYZ Block Inc. 0.02% 4,003 $269K Add +23.3%
GDX Vaneck Gold Miners ETF 0.02% 6,729 $268K Reduce -20.0%
ICE Intercontinental Exchange Inc. 0.02% 1,635 $263K Reduce -8.4%
PARAA Paramount Global Class B 0.02% 24,703 $262K Add +11.5%
FISV Fiserv Inc. 0.02% 1,451 $261K No change
FITB Fifth Third Bancorp 0.02% 6,077 $260K Reduce -10.3%
CEG Constellation Energy 0.02% 990 $257K Reduce -8.0%
PPL PPL Corp. 0.02% 7,764 $257K No change
BIIB Biogen Inc. 0.02% 1,321 $256K Add +8.3%
PH Parker Hannifin Corp. 0.02% 405 $256K Reduce -4.7%
KMB Kimberly-Clark Corp. 0.02% 1,796 $256K No change
CCI Crown Castle Inc. 0.02% 2,148 $255K Reduce -6.0%
MPWR Monolithic Power Systems Inc. 0.02% 273 $252K Reduce -82.7%
XYL Xylem Inc. 0.02% 1,866 $252K No change
ETR Entergy Corp. 0.02% 1,895 $249K No change
BX Blackstone Inc. 0.02% 1,613 $247K Reduce -4.7%
KHC The Kraft Heinz Co. 0.02% 7,013 $246K No change
STLD Steel Dynamics Inc. 0.02% 1,918 $242K Add +10.2%
FIS Fidelity National Info Serv 0.02% 2,873 $241K Reduce -16.5%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.02% 5,790 $241K No change
FERG Ferguson Enterprises Inc. 0.02% 1,206 $239K New
AMD Advanced Micro Devices 0.02% 1,457 $239K Add +8.9%
WY Weyerhaeuser Co. 0.02% 7,010 $237K New
EIX Edison International 0.02% 2,723 $237K New
ORLY O'reilly Automotive Inc. 0.02% 203 $234K No change
DG Dollar General Corp. 0.02% 2,743 $232K Add +9.3%
NRG NRG Energy Inc. 0.02% 2,543 $232K Reduce -10.9%
NVS Novartis AG-Sponsored ADR 0.02% 2,009 $231K Reduce -86.2%
SYY Sysco Corp. 0.02% 2,948 $230K No change
SPG Simon Property Group Inc. 0.02% 1,339 $226K Reduce -7.5%
DVN Devon Energy Corp. 0.02% 5,774 $226K Add +20.6%
STT State Street Corp. 0.02% 2,550 $226K New
KLAC KLA Corp. 0.02% 291 $225K No change
WELL Welltower Inc. 0.02% 1,751 $224K New
KKR KKR & Co. Inc. 0.02% 1,698 $222K Reduce -13.0%
INTU Intuit Inc. 0.02% 356 $221K No change
CFG Citizens Financial Group 0.02% 5,380 $221K Reduce -8.5%
FE Firstenergy Corp. 0.02% 4,945 $219K New
ANSS Ansys Inc. 0.02% 686 $219K Add +3.8%
VTRS Viatris Inc. 0.02% 18,756 $218K Add +9.2%
ALLY Ally Financial Inc. 0.02% 6,083 $216K Reduce -9.0%
WKC World Kinect Corp. 0.02% 6,983 $216K New
BTG B2GOLD Corp. 0.02% 69,000 $213K No change
PFG Principal Financial Group 0.02% 2,480 $213K New
ES Eversource Energy 0.01% 3,089 $210K New
MCK McKesson Corp. 0.01% 425 $210K No change
UHS Universal Health Services-B 0.01% 917 $210K New
CTVA Corteva Inc. 0.01% 3,552 $209K New
MAA Mid-America Apartment Comm 0.01% 1,312 $208K New
PAYX Paychex Inc. 0.01% 1,543 $207K New
IBIT iShares Bitcoin Trust ETF 0.01% 5,700 $206K New
VNQ Vanguard Real Estate ETF 0.01% 2,112 $206K New
MTB M & T Bank Corp. filed as M & T BK CORP 0.01% 1,147 $204K Reduce -13.6%
ARW Arrow Electronics Inc. 0.01% 1,536 $204K New
PPG PPG Industries Inc. 0.01% 1,539 $204K New
SWK Stanley Black & Decker Inc. 0.01% 1,850 $204K New
EMN Eastman Chemical Co. 0.01% 1,808 $202K New
STZ Constellation Brands Inc. Class A 0.01% 785 $202K New
SHW The Sherwin-Williams Co. 0.01% 530 $202K New
AOS Smith (a.o.) Corp. 0.01% 2,245 $202K New
KEY Keycorp 0.01% 11,748 $197K Reduce -8.9%
WBD Warner Bros Discovery Inc. 0.01% 20,688 $171K Add +13.8%
ENVX Enovix Corp. 0.01% 18,126 $169K Add +63.2%
HBAN Huntington Bancshares Inc. 0.01% 10,281 $151K No change
HBI Hanesbrands Inc. 0.01% 11,851 $87K No change
QVCG QVC Group Inc. filed as QURATE RETAIL INC 0.01% 118,074 $72K No change
GNW Genworth Financial Inc. 0.01% 10,250 $70K No change
LYG Lloyds Banking Group PLC-ADR 0.00% 21,601 $67K No change
MPT Medical Properties Trust Inc. 0.00% 10,771 $63K New
TDUP Thredup Inc. Class A 0.00% 28,800 $24K 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 9,081$1.0MNo change
AGG iShares Core U.S. Aggregate CORE US AGGBD ET · principal 9,214$933KAdd +10.3%
LQD Ishr Ibx Usd Invgd CB ETF-Ui IBOXX INV CP ETF · principal 6,320$714KAdd +0.4%
ISTB iShares Core 1-5 Year Usd Bo CORE 1 5 YR USD · principal 6,635$323KReduce -5.7%
MBB iShares MBS ETF MBS ETF · principal 2,969$284KNo change

Total filed on the 13F, all lines: $1.4B.

Portfolio Sells Q2 2024 → Q3 2024

FMX Fomento Economico Mex-SP ADR Reduce -96.2% 0.04% −1.35
V Visa Inc. Class A Reduce -29.8% 2.34% −1.14
MSFT Microsoft Corp. Reduce -4.8% 4.81% −0.94
CNQ Canadian Natural Resources Reduce -47.1% 0.52% −0.63
ADI Analog Devices Inc. Reduce -27.1% 1.27% −0.62
ROK Rockwell Automation Inc. Reduce -92.9% 0.04% −0.60
NVEI Nuvei Corp.-Subordinate VTG Reduce -92.1% 0.04% −0.56
STN Stantec Inc. Reduce -23.9% 0.93% −0.46
OTEX Open Text Corp. Reduce -17.1% 2.16% −0.41
COP Conocophillips Reduce -9.5% 1.18% −0.37
BNS Bank of Nova Scotia Reduce -39.6% 0.67% −0.35
BRK.A Berkshire Hathaway Inc. Class A Reduce -99.9% 0.49% −0.29
ENB Enbridge Inc. Reduce -61.3% 0.19% −0.28
BN Brookfield Corp. Reduce -33.9% 0.94% −0.28
BAM Brookfield Asset Mgmt-A Sold out 0.00% −0.28
ZTS Zoetis Inc. Reduce -13.4% 1.61% −0.20
SU Suncor Energy Inc. Reduce -14.1% 0.51% −0.16
IBN Icici Bank Ltd.-Spon ADR Reduce -9.1% 0.69% −0.11
CL Colgate-Palmolive Co. Reduce -3.5% 1.74% −0.11
NVS Novartis AG-Sponsored ADR Reduce -86.2% 0.02% −0.10
MPWR Monolithic Power Systems Inc. Reduce -82.7% 0.02% −0.08
JPM JPMorgan Chase & Co. Reduce -0.0% 1.46% −0.08
MU Micron Technology Inc. Reduce -2.0% 0.16% −0.07
BMO Bank of Montreal Reduce -1.6% 1.59% −0.05
WFC Wells Fargo & Co. Reduce -5.9% 0.20% −0.04
CBOE Cboe Global Markets Inc. Reduce -12.0% 1.29% −0.04
C Citigroup Inc. Reduce -9.2% 0.16% −0.04
BAC Bank of America Corp. Reduce -3.8% 0.25% −0.04
QCOM Qualcomm Inc. Reduce -3.3% 0.07% −0.02
WRK Westrock Co. Sold out 0.00% −0.02
GM General Motors Co. Reduce -4.8% 0.10% −0.02
ACWI iShares MSCI Acwi ETF Sold out 0.00% −0.02
COST Costco Wholesale Corp. Reduce -6.0% 0.13% −0.02
META Meta Platforms Inc. Class A Reduce -8.6% 0.28% −0.02
TU Telus Corp. Reduce -35.7% 0.03% −0.01
AVGO Broadcom Inc. Reduce -11.5% 0.09% −0.01
RELX Relx PLC - Spon ADR Reduce -15.7% 0.05% −0.01
VZ Verizon Communications Inc. Reduce -4.1% 0.21% −0.01
TSM Taiwan Semiconductor-SP ADR Reduce -7.3% 0.05% −0.01
CHD Church & Dwight Co. Inc. Reduce -8.4% 0.04% −0.01
NTR Nutrien Ltd. Reduce -14.8% 0.02% −0.01
T AT&T Inc. Reduce -8.3% 0.21% −0.01
BA The Boeing Co. Reduce -5.0% 0.02% −0.01
WDC Western Digital Corp. Reduce -9.4% 0.02% −0.01
AMGN Amgen Inc. Reduce -2.9% 0.07% −0.01
GS Goldman Sachs Group Inc. Reduce -7.1% 0.09% −0.01
ALLY Ally Financial Inc. Reduce -9.0% 0.02% −0.01
PRU Prudential Financial Inc. Reduce -7.9% 0.03% −0.01
SYF Synchrony Financial Reduce -5.8% 0.04% −0.00
TGT Target Corp. Reduce -2.7% 0.06% −0.00

Portfolio Buys Q2 2024 → Q3 2024

ABT Abbott Laboratories Add +2869.8% 1.59% +1.54
CM Can Imperial BK of Commerce Add +298.2% 1.79% +1.41
AQN Algonquin Power & Utilities Add +7339.2% 0.97% +0.95
UBER Uber Technologies Inc. New 0.91% +0.91
CNI Canadian Natl Railway Co. Add +46.6% 3.06% +0.76
FTS Fortis Inc. Add +19.1% 3.00% +0.64
GIB Cgi Inc. Add +18.8% 2.46% +0.50
RY Royal Bank of Canada Add +3.3% 5.05% +0.49
VIG Vanguard Dividend Apprec ETF New 0.46% +0.46
TD Toronto-Dominion Bank Add +9.2% 2.45% +0.32
BRK.B Berkshire Hathaway Inc. Class B New 0.31% +0.31
NGG National Grid PLC-SP ADR New 0.28% +0.28
VEA Vanguard Ftse Developed ETF Add +278.3% 0.38% +0.28
CIGI Colliers Intl GR-Subord Vot Add +0.1% 1.38% +0.27
GRP.U Granite Real Estate Investme Add +21.5% 0.88% +0.23
IVV iShares Core S&P 500 ETF New 0.21% +0.21
VOO Vanguard S&P 500 ETF Add +119.8% 0.37% +0.20
MELI MercadoLibre Inc. Add +0.3% 1.45% +0.18
WEC WEC Energy Group Inc. Add +0.4% 1.29% +0.14
CMS CMS Energy Corp. Add +0.3% 1.20% +0.10
LLY Eli Lilly & Co. Add +26.6% 0.80% +0.09
MAR Marriott International Class A Add +13.0% 1.52% +0.09
SAP Sap SE-Sponsored ADR Add +0.5% 1.73% +0.07
MFC Manulife Financial Corp. Add +2.8% 1.02% +0.04
SLF Sun Life Financial Inc. Add +40.6% 0.11% +0.04
TRP TC Energy Corp. Add +37.8% 0.10% +0.04
DCBO Docebo Inc. Add +52.5% 0.08% +0.03
SPY SS SPDR S&P 500 ETF Trust-US New 0.02% +0.02
SFM Sprouts Farmers Market Inc. New 0.02% +0.02
GEHC GE Healthcare Technology New 0.02% +0.02
NEE Nextera Energy Inc. Add +1.6% 0.21% +0.02
PXH Inves Rafi Emer MRKT-Usd Inc. Add +4.3% 0.66% +0.02
WFG West Fraser Timber Co. Ltd. New 0.02% +0.02
FERG Ferguson Enterprises Inc. New 0.02% +0.02
EIX Edison International New 0.02% +0.02
WY Weyerhaeuser Co. New 0.02% +0.02
BMY Bristol-Myers Squibb Co. Add +14.1% 0.07% +0.02
PBA Pembina Pipeline Corp. Add +0.8% 0.73% +0.02
BCE Bce Inc. Add +26.1% 0.08% +0.02
STT State Street Corp. New 0.02% +0.02
WELL Welltower Inc. New 0.02% +0.02
FE Firstenergy Corp. New 0.02% +0.02
WKC World Kinect Corp. New 0.02% +0.02
PFG Principal Financial Group New 0.02% +0.02
ES Eversource Energy New 0.01% +0.01
UHS Universal Health Services-B New 0.01% +0.01
CTVA Corteva Inc. New 0.01% +0.01
MAA Mid-America Apartment Comm New 0.01% +0.01
IBIT iShares Bitcoin Trust ETF New 0.01% +0.01
PAYX Paychex Inc. New 0.01% +0.01

Notes & Other Activity Q2 2024 → Q3 2024

AGG iShares Core U.S. Aggregate CORE US AGGBD ET · principal Add +10.3% 9,214 $933K
LQD Ishr Ibx Usd Invgd CB ETF-Ui IBOXX INV CP ETF · principal Add +0.4% 6,320 $714K
ISTB iShares Core 1-5 Year Usd Bo CORE 1 5 YR USD · principal Reduce -5.7% 6,635 $323K

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