Cidel Asset Management Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Cidel Asset Management Inc. reported 340 stock positions worth $1.5 billion. Its top holding was RB Global (RBA) at 4.4% of the portfolio, followed by Royal Bank of Canada (RY, 4.2%) and Microsoft (MSFT, 3.7%). Compared with Q4 2024, it opened 28 new positions, sold out of 23, added to 116 and reduced 119. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Brookfield (BN, shares −93%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001621915
Portfolio Value
$1.5B (Q1 2025)
SEC Filing
0001085146-25-002377 ↗ filed Apr 28, 2025

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 Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.5B $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 340 stocks · $1.5B
RBA RB Global Inc. 4.45% 677,719 $68.0M Reduce -0.5%
RY Royal Bank of Canada 4.25% 576,740 $65.0M Add +0.3%
MSFT Microsoft Corp. 3.66% 149,050 $56.0M Reduce -6.0%
WTW Willis Towers Watson PLC 3.20% 144,802 $48.9M Add +5.6%
QSR Restaurant Brands Intern 2.85% 654,957 $43.7M Add +17.9%
ABT Abbott Laboratories 2.82% 325,520 $43.2M Add +1.3%
AZN Astrazeneca PLC-Spons ADR 2.75% 571,705 $42.0M Add +8.8%
FTS Fortis Inc. 2.73% 917,901 $41.8M Reduce -1.3%
V Visa Inc. Class A 2.66% 116,301 $40.8M Reduce -1.9%
J Jacobs Solutions Inc. 2.56% 324,325 $39.2M Add +18.7%
CNI Canadian Natl Railway Co. 2.49% 391,333 $38.1M Add +0.6%
TD Toronto-Dominion Bank 2.11% 538,161 $32.2M Add +0.2%
GIB Cgi Inc. 2.08% 318,390 $31.8M Add +5.3%
GOOGL Alphabet Inc. Class A 2.05% 203,136 $31.4M Reduce -10.9%
SAP Sap SE-Sponsored ADR 1.85% 105,633 $28.4M Reduce -1.5%
CL Colgate-Palmolive Co. 1.77% 289,647 $27.1M Add +22.8%
WCN Waste Connections Inc. 1.69% 132,651 $25.9M Add +18.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 1.63% 443,822 $25.0M Reduce -1.1%
JPM JPMorgan Chase & Co. 1.61% 100,543 $24.7M Add +3.4%
CBOE Cboe Global Markets Inc. 1.57% 106,052 $24.0M Add +19.8%
OTEX Open Text Corp. 1.51% 912,578 $23.0M Add +2.1%
BMO Bank of Montreal filed as BANK MONTREAL QUE 1.48% 237,194 $22.6M Add +1.4%
TRI Thomson Reuters Corp. 1.42% 125,969 $21.7M Add +0.3%
WEC WEC Energy Group Inc. 1.41% 197,795 $21.6M Add +34.7%
CMS CMS Energy Corp. 1.36% 276,943 $20.8M Add +45.2%
UNP Union Pacific Corp. 1.32% 85,482 $20.2M Add +2.6%
UBER Uber Technologies Inc. 1.29% 271,719 $19.8M Add +21.3%
MELI MercadoLibre Inc. 1.28% 10,050 $19.6M Add +0.6%
ZTS Zoetis Inc. 1.25% 116,314 $19.2M Add +0.8%
AAPL Apple Inc. 1.16% 80,110 $17.8M Reduce -2.9%
NVDA Nvidia Corp. 1.15% 161,793 $17.5M New
MAR Marriott International Class A 1.09% 70,193 $16.7M Reduce -19.4%
COP Conocophillips 1.05% 152,816 $16.0M Reduce -0.3%
CRM Salesforce Inc. 1.03% 58,835 $15.8M Add +0.4%
CIGI Colliers Intl GR-Subord Vot 1.01% 127,524 $15.4M Reduce -0.2%
MFC Manulife Financial Corp. 0.98% 482,482 $15.0M Reduce -2.5%
LOW Lowe's Cos Inc. 0.92% 60,428 $14.1M Reduce -10.7%
ADBE Adobe Inc. 0.92% 36,524 $14.0M Reduce -18.9%
RSP Invesco S&P 500 Equal Weight 0.88% 78,090 $13.5M No change
STN Stantec Inc. 0.87% 159,922 $13.3M Reduce -1.2%
PG The Procter & Gamble Co. 0.85% 76,747 $13.1M Reduce -2.5%
AQN Algonquin Power & Utilities 0.85% 2,539,346 $13.0M Add +1.8%
LLY Eli Lilly & Co. 0.85% 15,659 $12.9M Add +0.6%
STGW Stagwell Inc. 0.81% 2,039,680 $12.3M No change
GNTX Gentex Corp. 0.79% 520,131 $12.1M Add +26.5%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.74% 518,521 $11.3M Add +9.0%
DSGX The Descartes Systems Grp 0.71% 107,911 $10.9M Add +0.4%
CP Canadian Pacific Kansas City 0.69% 150,998 $10.6M Add +0.3%
PBA Pembina Pipeline Corp. 0.64% 243,435 $9.7M Reduce -4.0%
GRTUF Granite Real Estate Investme 0.60% 196,969 $9.2M Reduce -3.0%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.54% 173,390 $8.2M Add +0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.52% 10 $8.0M Reduce -99.9%
RIO Rio Tinto PLC-Spon ADR 0.47% 120,005 $7.2M Reduce -3.1%
FNDX Schwab Fndmntl US LRG Co. ETF 0.41% 264,213 $6.2M Add +1.4%
VIG Vanguard Dividend Apprec ETF 0.40% 31,355 $6.1M Reduce -5.2%
TSLA Tesla Inc. 0.38% 22,331 $5.8M Reduce -10.8%
XOM Exxon Mobil Corp. 0.35% 45,551 $5.4M Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 0.34% 9,775 $5.2M New
VEA Vanguard Ftse Developed ETF 0.34% 101,546 $5.2M No change
VOO Vanguard S&P 500 ETF 0.33% 9,906 $5.1M No change
CNQ Canadian Natural Resources 0.31% 153,079 $4.7M Reduce -29.5%
PRF Invesco Rafi US 1000 ETF 0.31% 115,905 $4.7M Reduce -3.3%
GOOG Alphabet Inc. Class C 0.29% 28,528 $4.5M New
CVX Chevron Corp. 0.27% 24,302 $4.1M Add +3.9%
AMZN Amazon.com Inc. 0.26% 21,181 $4.0M Reduce -0.2%
AWK American Water Works Co. Inc. 0.25% 26,127 $3.9M Add +6.6%
NGG National Grid PLC-SP ADR 0.25% 57,253 $3.8M Reduce -3.3%
META Meta Platforms Inc. Class A 0.23% 6,135 $3.5M Reduce -6.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.22% 81,942 $3.4M Reduce -4.9%
T AT&T Inc. 0.21% 114,602 $3.2M Reduce -7.3%
CCJ Cameco Corp. 0.20% 75,000 $3.1M No change
VZ Verizon Communications Inc. 0.20% 67,706 $3.1M No change
MKC McCormick & Co.-Non VTG SHRS 0.20% 36,433 $3.0M New
WFC Wells Fargo & Co. 0.19% 41,017 $2.9M Reduce -8.1%
IVV iShares Core S&P 500 ETF 0.19% 5,096 $2.9M No change
UNH Unitedhealth Group Inc. 0.18% 5,393 $2.8M Add +7.6%
WMT Walmart Inc. 0.18% 31,910 $2.8M Reduce -12.1%
JNJ Johnson & Johnson 0.17% 16,070 $2.7M Reduce -1.6%
CMCSA Comcast Corp. Class A 0.17% 68,807 $2.5M Add +4.2%
CVS CVS Health Corp. 0.15% 34,563 $2.3M Add +8.2%
NEE Nextera Energy Inc. 0.15% 32,824 $2.3M Reduce -7.8%
ENB Enbridge Inc. 0.15% 51,966 $2.3M Reduce -12.7%
INTC Intel Corp. 0.15% 99,235 $2.3M Add +9.1%
C Citigroup Inc. 0.14% 30,469 $2.2M Reduce -9.1%
CSCO Cisco Systems Inc. 0.14% 34,346 $2.1M Reduce -5.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 8,455 $2.1M Reduce -4.1%
PFE Pfizer Inc. 0.12% 74,404 $1.9M Reduce -0.8%
MU Micron Technology Inc. 0.12% 21,565 $1.9M Reduce -2.7%
COST Costco Wholesale Corp. 0.12% 1,962 $1.9M Reduce -1.6%
HD Home Depot Inc. 0.12% 4,825 $1.8M Add +1.0%
APH Amphenol Corp. Class A 0.11% 24,719 $1.6M Add +8.4%
PXF Invesco Rafi Developed Marke 0.11% 31,116 $1.6M Reduce -0.8%
PM Philip Morris International 0.10% 9,710 $1.5M Reduce -9.0%
ABBV Abbvie Inc. 0.10% 7,299 $1.5M Add +1.5%
SLF Sun Life Financial Inc. 0.10% 26,700 $1.5M Add +1.2%
SGOV iShares 0-3 Month Treasury B 0.10% 14,910 $1.5M New
FNDF Schwab Fndmn Intl LRG Co. ETF 0.10% 40,303 $1.5M No change
AEM Agnico Eagle Mines Ltd. 0.09% 13,299 $1.4M No change
SCHW Schwab (charles) Corp. 0.09% 18,297 $1.4M No change
BMY Bristol-Myers Squibb Co. 0.09% 21,820 $1.3M Add +4.0%
GM General Motors Co. 0.09% 27,956 $1.3M No change
VTI VG Morningstar TS MKT ETF-US 0.09% 4,755 $1.3M Add +14.4%
CI The Cigna Group 0.09% 3,963 $1.3M Add +10.2%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 5,362 $1.2M Add +6.3%
GS Goldman Sachs Group Inc. 0.08% 2,150 $1.2M Reduce -8.1%
MRK Merck & Co. Inc. 0.08% 12,880 $1.2M Add +13.8%
PEP Pepsico Inc. 0.07% 7,600 $1.1M Add +4.7%
ELV Elevance Health Inc. 0.07% 2,585 $1.1M Add +12.5%
MO Altria Group Inc. 0.07% 18,637 $1.1M Reduce -5.6%
MPC Marathon Petroleum Corp. 0.07% 7,577 $1.1M Add +9.4%
EWJ iShares MSCI Japan ETF 0.07% 15,678 $1.1M No change
AVGO Broadcom Inc. 0.07% 6,176 $1.0M Reduce -7.2%
TRP TC Energy Corp. 0.07% 21,799 $1.0M Reduce -23.0%
GILD Gilead Sciences Inc. 0.07% 9,168 $1.0M Reduce -5.7%
MCD McDonald's Corp. 0.07% 3,272 $1.0M Add +0.4%
COF Capital One Financial Corp. 0.07% 5,686 $1.0M Reduce -5.5%
VLO Valero Energy Corp. 0.07% 7,680 $1.0M Add +7.7%
KO The Coca-Cola Co. 0.07% 13,949 $999K No change
RTX RTX Corp. 0.06% 7,474 $990K Reduce -6.3%
DE Deere & Co. 0.06% 2,105 $988K No change
AMGN Amgen Inc. 0.06% 3,143 $979K No change
LMT Lockheed Martin Corp. 0.06% 2,155 $963K Reduce -3.1%
MPWR Monolithic Power Systems Inc. 0.06% 1,649 $956K Add +13.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 9,571 $945K Add +2.7%
BN Brookfield Corp. 0.06% 17,630 $923K Reduce -92.9%
QCOM Qualcomm Inc. 0.06% 5,815 $893K Reduce -4.3%
SHV iShares 0-1 Year Treasury Bo 0.06% 7,955 $879K New
F Ford Motor Co. filed as FORD MTR CO 0.06% 87,461 $877K Add +21.3%
PSX Phillips 66 0.06% 7,084 $875K Add +7.8%
EXE Expand Energy Corp. 0.06% 7,766 $865K Reduce -1.5%
RELX Relx PLC - Spon ADR 0.06% 17,090 $862K Add +2.5%
MDT Medtronic PLC 0.06% 9,531 $856K Add +1.3%
CHTR Charter Communications Inc. Class A 0.06% 2,314 $853K Reduce -3.7%
MS Morgan Stanley 0.06% 7,237 $844K Reduce -7.5%
AGG iShares Core U.S. Aggregate 0.06% 8,497 $841K New
BCE Bce Inc. 0.05% 36,276 $833K Reduce -1.0%
HON Honeywell International Inc. 0.05% 3,900 $826K Add +0.9%
VGK Vanguard Ftse Europe ETF 0.05% 11,385 $799K No change
CAT Caterpillar Inc. 0.05% 2,396 $790K Add +2.9%
WBA Walgreens Boots Alliance Inc. 0.05% 70,147 $784K Add +13.4%
MMM 3M Co. 0.05% 5,314 $780K Reduce -17.5%
KR Kroger Co. 0.05% 11,420 $773K Reduce -4.9%
ORCL Oracle Corp. 0.05% 5,460 $763K Reduce -7.0%
DCBO Docebo Inc. 0.05% 26,476 $761K Reduce -1.8%
ACN Accenture PLC Class A 0.05% 2,434 $760K Add +4.7%
CARR Carrier Global Corp. 0.05% 11,967 $759K Reduce -0.8%
AIG American International Group 0.05% 8,711 $757K No change
DUK Duke Energy Corp. 0.05% 6,196 $756K Reduce -4.4%
UPS United Parcel Service Class B 0.05% 6,725 $740K Add +9.9%
USMV iShares MSCI USA Min Vol Fac 0.05% 7,710 $722K No change
MA Mastercard Inc. Class A 0.05% 1,301 $713K No change
ADI Analog Devices Inc. 0.05% 3,485 $703K Reduce -51.2%
SBUX Starbucks Corp. 0.04% 6,981 $685K Reduce -6.4%
TMO Thermo Fisher Scientific Inc. 0.04% 1,369 $681K Add +4.3%
TXN Texas Instruments Inc. 0.04% 3,716 $668K Reduce -4.7%
TGT Target Corp. 0.04% 6,375 $665K Add +6.1%
AXP American Express Co. 0.04% 2,471 $665K Reduce -5.6%
CB Chubb Ltd. 0.04% 2,188 $661K Reduce -3.7%
BRAG Bragg Gaming Group Inc. 0.04% 156,898 $654K Add +23.6%
IMO Imperial Oil Ltd. 0.04% 9,000 $650K No change
FDX FedEx Corp. 0.04% 2,611 $637K No change
SO The Southern Co. 0.04% 6,866 $631K Reduce -6.5%
SYK Stryker Corp. 0.04% 1,684 $627K Add +0.5%
TRV The Travelers Cos Inc. 0.04% 2,353 $622K Reduce -9.1%
MDLZ Mondelez International Inc. Class A 0.04% 9,151 $621K Add +5.2%
EOG EOG Resources Inc. 0.04% 4,748 $609K No change
USB US Bancorp 0.04% 14,381 $607K Reduce -2.4%
CNC Centene Corp. 0.04% 9,915 $602K Add +16.4%
TMUS T-Mobile US Inc. 0.04% 2,254 $601K Reduce -6.6%
BLK BlackRock Inc. 0.04% 621 $588K Reduce -2.0%
ADM Archer-Daniels-Midland Co. 0.04% 12,240 $588K Add +8.5%
GD General Dynamics Corp. 0.04% 2,146 $585K Add +7.0%
TSM Taiwan Semiconductor-SP ADR 0.04% 3,468 $576K Reduce -2.2%
HUM Humana Inc. 0.04% 2,132 $564K Add +14.0%
GLD SPDR Gold Shares 0.04% 1,934 $557K Add +0.7%
ALL Allstate Corp. 0.04% 2,613 $541K Reduce -5.3%
NEM Newmont Corp. 0.04% 11,204 $541K Reduce -2.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 6,386 $536K Reduce -9.7%
PNC PNC Financial Services Group 0.03% 3,020 $531K Reduce -4.8%
NOC Northrop Grumman Corp. 0.03% 1,020 $522K No change
EXC Exelon Corp. 0.03% 11,317 $521K Reduce -4.2%
HCA HCA Healthcare Inc. 0.03% 1,509 $521K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 4,708 $512K New
MET Metlife Inc. 0.03% 6,320 $507K Reduce -5.7%
SYF Synchrony Financial 0.03% 9,538 $505K Reduce -9.9%
NFLX Netflix Inc. 0.03% 537 $501K Add +14.0%
KMI Kinder Morgan Inc. 0.03% 17,537 $500K Reduce -8.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 4,044 $493K Reduce -4.3%
DUOL Duolingo 0.03% 1,576 $489K No change
BKNG Booking Holdings Inc. 0.03% 105 $484K Reduce -7.9%
AMAT Applied Materials Inc. 0.03% 3,287 $477K Add +6.3%
PGR Progressive Corp. 0.03% 1,685 $477K Reduce -6.0%
GIS General Mills Inc. 0.03% 7,949 $475K Add +2.9%
DFS Discover Financial Services 0.03% 2,766 $472K Reduce -10.5%
NUE Nucor Corp. 0.03% 3,915 $471K Add +12.0%
FNDA Schwab Fndmntl US SM Co. ETF 0.03% 17,152 $470K No change
TSN Tyson Foods Inc. Class A 0.03% 7,167 $457K No change
TFC Truist Financial Corp. 0.03% 11,111 $457K No change
CSX CSX Corp. 0.03% 15,453 $455K Add +5.3%
DOW Dow Inc. 0.03% 12,946 $452K Add +14.4%
NKE Nike Inc. Class B 0.03% 7,119 $452K Add +10.1%
LUMN Lumen Technologies Inc. 0.03% 114,295 $448K Reduce -22.1%
SU Suncor Energy Inc. 0.03% 11,400 $441K Reduce -14.4%
AFL Aflac Inc. 0.03% 3,969 $441K Reduce -4.9%
BDX Becton Dickinson and Co. 0.03% 1,908 $437K Add +5.1%
NSC Norfolk Southern Corp. 0.03% 1,836 $435K No change
PWR Quanta Services Inc. 0.03% 1,701 $432K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,475 $428K No change
DD Dupont DE Nemours Inc. 0.03% 5,693 $425K No change
AEP American Electric Power 0.03% 3,854 $421K Reduce -6.2%
D Dominion Energy Inc. 0.03% 7,413 $416K No change
CTSH Cognizant Tech Solutions-A 0.03% 5,338 $408K No change
DHR Danaher Corp. 0.03% 1,955 $401K Add +8.0%
PYPL PayPal Holdings Inc. 0.03% 6,105 $398K Reduce -2.7%
PRU Prudential Financial Inc. 0.03% 3,470 $388K Reduce -3.9%
IP International Paper Co. 0.03% 7,184 $383K Add +17.0%
SPGI S&P Global Inc. 0.03% 754 $383K No change
LRCX Lam Research Corp. 0.02% 5,224 $380K Add +5.0%
FNV Franco-Nevada Corp. 0.02% 2,374 $373K Reduce -8.7%
WM Waste Management Inc. 0.02% 1,597 $370K No change
WMB Williams Cos Inc. 0.02% 6,154 $368K Reduce -8.9%
EBAY eBay Inc. 0.02% 5,399 $366K Reduce -10.2%
SFM Sprouts Farmers Market Inc. 0.02% 2,372 $362K Reduce -5.9%
B Barrick Gold Corp. 0.02% 18,500 $359K No change
OXY Occidental Petroleum Corp. 0.02% 7,209 $356K Add +12.8%
QQQM Invesco Nasdaq 100 ETF 0.02% 1,840 $355K Add +18.1%
LSPD Lightspeed Commerce Inc. 0.02% 40,534 $355K Add +11.9%
APD Air Products & Chemicals Inc. 0.02% 1,196 $353K No change
ADP Automatic Data Processing 0.02% 1,138 $348K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 8,250 $345K Add +17.0%
GE General Electric filed as GE AEROSPACE 0.02% 1,715 $343K No change
DG Dollar General Corp. 0.02% 3,888 $342K Add +15.1%
HPQ HP Inc. 0.02% 12,291 $340K No change
LHX L3HARRIS Technologies Inc. 0.02% 1,624 $340K Add +6.6%
IYW iShares Ustechnology ETF 0.02% 2,400 $337K Reduce -0.9%
ITW Illinois Tool Works 0.02% 1,358 $337K No change
LYB Lyondellbasell Indu Class A 0.02% 4,763 $335K Add +7.8%
PARAA Paramount Global Class B 0.02% 27,782 $332K No change
DHI D.R. Horton Inc. 0.02% 2,590 $329K Add +14.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 1,750 $326K Reduce -0.6%
CMI Cummins Inc. 0.02% 1,036 $325K Reduce -7.4%
ED Consolidated Edison Inc. 0.02% 2,935 $325K No change
GEHC GE Healthcare Technology 0.02% 4,001 $323K Reduce -10.6%
TU Telus Corp. 0.02% 22,517 $323K Add +1.3%
AMT American Tower Corp. 0.02% 1,469 $320K No change
DGRW Wisdomtree U.S. Quality Divi 0.02% 3,993 $319K Reduce -4.0%
ENPH Enphase Energy Inc. 0.02% 5,070 $315K Add +7.1%
BKR Baker Hughes Co. 0.02% 7,146 $314K Reduce -6.0%
EMR Emerson Electric Co. 0.02% 2,847 $312K No change
HPE Hewlett Packard Enterprise 0.02% 20,059 $310K Reduce -6.5%
XEL Xcel Energy Inc. 0.02% 4,366 $309K No change
FCX Freeport-McMoran Inc. 0.02% 8,160 $309K Add +5.7%
WBD Warner Bros Discovery Inc. 0.02% 28,792 $309K Add +33.0%
PCAR Paccar Inc. 0.02% 3,172 $309K Add +5.8%
FISV Fiserv Inc. 0.02% 1,392 $307K Reduce -4.1%
DVN Devon Energy Corp. 0.02% 8,174 $306K Add +13.8%
NTR Nutrien Ltd. 0.02% 6,150 $305K No change
JCI Johnson Controls Internation 0.02% 3,778 $303K Reduce -8.3%
MCK McKesson Corp. 0.02% 446 $300K Add +4.9%
GDX Vaneck Gold Miners ETF 0.02% 6,497 $299K Reduce -3.5%
ORLY O'reilly Automotive Inc. 0.02% 203 $291K No change
BBY Best Buy Co. Inc. 0.02% 3,948 $291K No change
HIG Hartford Insurance Group Inc. 0.02% 2,337 $289K Reduce -7.4%
ETR Entergy Corp. 0.02% 3,373 $288K Reduce -11.0%
OKE Oneok Inc. 0.02% 2,860 $284K No change
KHC The Kraft Heinz Co. 0.02% 9,178 $279K Add +16.8%
BA The Boeing Co. 0.02% 1,626 $277K Reduce -12.6%
MBB iShares MBS ETF 0.02% 2,950 $277K New
CBRE CBRE Group Inc. Class A 0.02% 2,097 $274K Reduce -7.3%
RCI Rogers Communications Inc. Class B 0.02% 10,158 $271K No change
LEN Lennar Corp. Class A 0.02% 2,335 $268K Add +12.7%
ISTB iShares Core 1-5 Year Usd Bo 0.02% 5,425 $262K New
INTU Intuit Inc. 0.02% 426 $262K Add +9.2%
IBIT iShares Bitcoin Trust ETF 0.02% 5,574 $261K Reduce -2.2%
ICE Intercontinental Exchange Inc. 0.02% 1,512 $261K No change
KMB Kimberly-Clark Corp. 0.02% 1,796 $255K No change
STLD Steel Dynamics Inc. 0.02% 2,036 $255K No change
CCI Crown Castle Inc. 0.02% 2,424 $253K Add +6.1%
GLW Corning Inc. 0.02% 5,516 $253K Reduce -10.7%
PPL PPL Corp. 0.02% 6,986 $252K Reduce -10.0%
PAYX Paychex Inc. 0.02% 1,632 $252K No change
AMP Ameriprise Financial Inc. 0.02% 516 $250K Reduce -6.2%
CTVA Corteva Inc. 0.02% 3,953 $249K Add +5.2%
ROST Ross Stores Inc. 0.02% 1,940 $248K Reduce -1.7%
ASML ASML Holding NV-NY Reg SHS 0.02% 373 $247K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 250 $247K No change
SYY Sysco Corp. 0.02% 3,277 $246K Add +11.2%
REGN Regeneron Pharmaceuticals 0.02% 383 $243K Add +15.7%
SRE Sempra 0.02% 3,373 $241K No change
CME Cme Group Inc. 0.02% 905 $240K New
XYZ Block Inc. 0.02% 4,315 $234K Add +7.8%
PH Parker Hannifin Corp. 0.02% 384 $233K No change
PHM Pultegroup Inc. 0.02% 2,259 $232K Reduce -5.4%
X United States Steel Corp. 0.02% 5,491 $232K New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 2,502 $230K No change
WELL Welltower Inc. 0.01% 1,499 $230K Reduce -9.3%
BIIB Biogen Inc. 0.01% 1,672 $229K Add +10.6%
COR Cencora Inc. 0.01% 822 $229K New
SHLS Shoals Technologies Group -A 0.01% 68,852 $229K Add +17.0%
STT State Street Corp. 0.01% 2,550 $228K No change
WY Weyerhaeuser Co. 0.01% 7,647 $224K No change
PFG Principal Financial Group 0.01% 2,636 $222K No change
MOS The Mosaic Co. 0.01% 8,163 $220K New
BSX Boston Scientific Corp. 0.01% 2,174 $219K New
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.01% 5,790 $219K No change
LH Labcorp Holdings Inc. 0.01% 941 $219K Add +5.5%
PEG Public Service Enterprise GP 0.01% 2,660 $219K Reduce -5.0%
ANSS Ansys Inc. 0.01% 686 $217K No change
AMD Advanced Micro Devices 0.01% 2,093 $215K Add +17.6%
PHYS Sprott Physical Gold Trust 0.01% 8,915 $215K New
URI United Rentals Inc. 0.01% 342 $214K Add +6.2%
KLAC KLA Corp. 0.01% 315 $214K New
GPN Global Payments Inc. 0.01% 2,169 $212K Add +12.6%
WFG West Fraser Timber Co. Ltd. 0.01% 2,765 $212K No change
BIP Brookfield Infrastructure Pa 0.01% 7,114 $212K Reduce -17.1%
YUM Yum! Brands Inc. 0.01% 1,344 $211K New
XYL Xylem Inc. 0.01% 1,760 $210K No change
RS Reliance Inc. 0.01% 725 $209K New
BX Blackstone Inc. 0.01% 1,494 $209K Add +0.2%
SPG Simon Property Group Inc. 0.01% 1,255 $208K No change
DTE DTE Energy Company 0.01% 1,497 $207K New
ALLY Ally Financial Inc. 0.01% 5,668 $207K No change
ES Eversource Energy 0.01% 3,327 $207K New
PLD Prologis Inc. 0.01% 1,848 $207K New
ATS Ats Corp. 0.01% 8,286 $207K Add +8.5%
FERG Ferguson Enterprises Inc. 0.01% 1,284 $206K Add +6.5%
LNG Cheniere Energy Inc. 0.01% 886 $205K New
DLTR Dollar Tree Inc. 0.01% 2,687 $202K New
BTG B2GOLD Corp. 0.01% 69,000 $196K No change
VTRS Viatris Inc. 0.01% 20,649 $180K Add +10.1%
HBAN Huntington Bancshares Inc. 0.01% 10,281 $154K No change
AES AES Corp. 0.01% 10,868 $135K New
ENVX Enovix Corp. 0.01% 18,126 $133K No change
GT Goodyear Tire & Rubber Co. 0.01% 10,822 $100K No change
CLF Cleveland-Cliffs Inc. 0.01% 10,836 $89K New
GNW Genworth Financial Inc. 0.00% 10,250 $73K No change
TDUP Thredup Inc. Class A 0.00% 28,800 $69K No change
MPT Medical Properties Trust Inc. 0.00% 10,771 $65K No change
HTZ Hertz Global Hldgs Inc. 0.00% 13,049 $51K No change
OGI Organigram Holdings Inc. 0.00% 17,476 $18K New

Portfolio Sells Q4 2024 → Q1 2025
BN Brookfield Corp. Reduce -92.9% 0.06% −0.90
GOOGL Alphabet Inc. Class A Reduce -10.9% 2.05% −0.86
MSFT Microsoft Corp. Reduce -6.0% 3.66% −0.85
MAR Marriott International Class A Reduce -19.4% 1.09% −0.55
ADBE Adobe Inc. Reduce -18.9% 0.92% −0.43
TSLA Tesla Inc. Reduce -10.8% 0.38% −0.30
CM Can Imperial BK of Commerce Reduce -1.1% 1.63% −0.28
BRK.A Berkshire Hathaway Inc. Class A Reduce -99.9% 0.52% −0.25
AAPL Apple Inc. Reduce -2.9% 1.16% −0.23
LOW Lowe's Cos Inc. Reduce -10.7% 0.92% −0.21
CIGI Colliers Intl GR-Subord Vot Reduce -0.2% 1.01% −0.16
CNQ Canadian Natural Resources Reduce -29.5% 0.31% −0.14
IWF iShares Russell 1000 Growth Sold out 0.00% −0.12
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.12
GRTUF Granite Real Estate Investme Reduce -3.0% 0.60% −0.06
ADI Analog Devices Inc. Reduce -51.2% 0.05% −0.06
AMZN Amazon.com Inc. Reduce -0.2% 0.26% −0.05
MFC Manulife Financial Corp. Reduce -2.5% 0.98% −0.04
VIG Vanguard Dividend Apprec ETF Reduce -5.2% 0.40% −0.04
WMT Walmart Inc. Reduce -12.1% 0.18% −0.04
AVGO Broadcom Inc. Reduce -7.2% 0.07% −0.04
PG The Procter & Gamble Co. Reduce -2.5% 0.85% −0.04
CHD Church & Dwight Co. Inc. Sold out 0.00% −0.03
BAC Bank of America Corp. Reduce -4.9% 0.22% −0.03
DCBO Docebo Inc. Reduce -1.8% 0.05% −0.03
META Meta Platforms Inc. Class A Reduce -6.6% 0.23% −0.03
FLNC Fluence Energy Inc. Sold out 0.00% −0.02
ROK Rockwell Automation Inc. Sold out 0.00% −0.02
LUMN Lumen Technologies Inc. Reduce -22.1% 0.03% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.02
TRP TC Energy Corp. Reduce -23.0% 0.07% −0.02
NEE Nextera Energy Inc. Reduce -7.8% 0.15% −0.02
PRF Invesco Rafi US 1000 ETF Reduce -3.3% 0.31% −0.02
RIO Rio Tinto PLC-Spon ADR Reduce -3.1% 0.47% −0.02
ENB Enbridge Inc. Reduce -12.7% 0.15% −0.02
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.02
WFC Wells Fargo & Co. Reduce -8.1% 0.19% −0.02
C Citigroup Inc. Reduce -9.1% 0.14% −0.02
VST Vistra Corp. Sold out 0.00% −0.02
ORCL Oracle Corp. Reduce -7.0% 0.05% −0.02
FMX Fomento Economico Mex-SP ADR Sold out 0.00% −0.02
WDC Western Digital Corp. Sold out 0.00% −0.02
FITB Fifth Third Bancorp Sold out 0.00% −0.02
EIX Edison International Sold out 0.00% −0.01
NRG NRG Energy Inc. Sold out 0.00% −0.01
CFG Citizens Financial Group Sold out 0.00% −0.01
KKR KKR & Co. Inc. Sold out 0.00% −0.01
IBN Icici Bank Ltd.-Spon ADR Sold out 0.00% −0.01
VFC VF Corp. Sold out 0.00% −0.01
EQIX Equinix Inc. Sold out 0.00% −0.01

Portfolio Buys Q4 2024 → Q1 2025
NVDA Nvidia Corp. New 1.15% +1.15
CMS CMS Energy Corp. Add +45.2% 1.36% +0.50
WEC WEC Energy Group Inc. Add +34.7% 1.41% +0.48
AZN Astrazeneca PLC-Spons ADR Add +8.8% 2.75% +0.42
QSR Restaurant Brands Intern Add +17.9% 2.85% +0.41
CBOE Cboe Global Markets Inc. Add +19.8% 1.57% +0.40
WCN Waste Connections Inc. Add +18.6% 1.69% +0.40
UBER Uber Technologies Inc. Add +21.3% 1.29% +0.38
ABT Abbott Laboratories Add +1.3% 2.82% +0.37
BRK.B Berkshire Hathaway Inc. Class B New 0.34% +0.34
CL Colgate-Palmolive Co. Add +22.8% 1.77% +0.33
WTW Willis Towers Watson PLC Add +5.6% 3.20% +0.30
GOOG Alphabet Inc. Class C New 0.29% +0.29
MKC McCormick & Co.-Non VTG SHRS New 0.20% +0.20
TD Toronto-Dominion Bank Add +0.2% 2.11% +0.18
MELI MercadoLibre Inc. Add +0.6% 1.28% +0.14
AQN Algonquin Power & Utilities Add +1.8% 0.85% +0.11
J Jacobs Solutions Inc. Add +18.7% 2.56% +0.10
SGOV iShares 0-3 Month Treasury B New 0.10% +0.10
PXH Inves Rafi Emer MRKT-Usd Inc. Add +9.0% 0.74% +0.08
TRI Thomson Reuters Corp. Add +0.3% 1.42% +0.06
SHV iShares 0-1 Year Treasury Bo New 0.06% +0.06
CVS CVS Health Corp. Add +8.2% 0.15% +0.06
AGG iShares Core U.S. Aggregate New 0.06% +0.06
AWK American Water Works Co. Inc. Add +6.6% 0.25% +0.05
JPM JPMorgan Chase & Co. Add +3.4% 1.61% +0.04
UNP Union Pacific Corp. Add +2.6% 1.32% +0.04
CVX Chevron Corp. Add +3.9% 0.27% +0.04
LLY Eli Lilly & Co. Add +0.6% 0.85% +0.04
LQD Ishr Ibx Usd Invgd CB ETF-Ui New 0.03% +0.03
INTC Intel Corp. Add +9.1% 0.15% +0.02
CI The Cigna Group Add +10.2% 0.09% +0.02
MBB iShares MBS ETF New 0.02% +0.02
ISTB iShares Core 1-5 Year Usd Bo New 0.02% +0.02
ELV Elevance Health Inc. Add +12.5% 0.07% +0.02
ASML ASML Holding NV-NY Reg SHS New 0.02% +0.02
CME Cme Group Inc. New 0.02% +0.02
X United States Steel Corp. New 0.02% +0.02
COR Cencora Inc. New 0.01% +0.01
MOS The Mosaic Co. New 0.01% +0.01
BSX Boston Scientific Corp. New 0.01% +0.01
KLAC KLA Corp. New 0.01% +0.01
PHYS Sprott Physical Gold Trust New 0.01% +0.01
ABBV Abbvie Inc. Add +1.5% 0.10% +0.01
YUM Yum! Brands Inc. New 0.01% +0.01
RS Reliance Inc. New 0.01% +0.01
UNH Unitedhealth Group Inc. Add +7.6% 0.18% +0.01
DTE DTE Energy Company New 0.01% +0.01
ES Eversource Energy New 0.01% +0.01
PLD Prologis Inc. New 0.01% +0.01

Notes & Other Activity Q4 2024 → Q1 2025
SHV iShares 0-1 Year Treasury Bo TRUST ISHARE 0-1 · principal Sold out 8,795 $968Kbefore exit
LQD Ishr Ibx Usd Invgd CB ETF-Ui IBOXX INV CP ETF · principal Sold out 7,873 $841Kbefore exit
AGG iShares Core U.S. Aggregate CORE US AGGBD ET · principal Sold out 8,497 $823Kbefore exit
ISTB iShares Core 1-5 Year Usd Bo CORE 1 5 YR USD · principal Sold out 6,354 $304Kbefore exit
MBB iShares MBS ETF MBS ETF · principal Sold out 2,969 $272Kbefore exit

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