Cidel Asset Management Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Cidel Asset Management Inc. reported 360 stock positions worth $1.7 billion. Its top holding was Microsoft (MSFT) at 4.8% of the portfolio, followed by Royal Bank of Canada (RY, 4.6%) and RB Global (RBA, 4.4%). Compared with Q1 2025, it opened 28 new positions, sold out of 8, added to 152 and reduced 108. The biggest buy was Microsoft (MSFT, shares +7%) and the biggest sale Alphabet Class A (GOOGL, shares −82%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001621915
Portfolio Value
$1.7B (Q2 2025)
SEC Filing
0001085146-25-004247 ↗ filed Jul 29, 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 Q1 2025 Q2 2025: $1.7B $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 360 stocks · $1.7B

MSFT Microsoft Corp. 4.78% 159,887 $79.5M Add +7.3%
RY Royal Bank of Canada 4.63% 586,633 $77.2M Add +1.7%
RBA RB Global Inc. 4.39% 689,600 $73.1M Add +1.8%
V Visa Inc. Class A 2.87% 134,456 $47.7M Add +15.6%
ABT Abbott Laboratories 2.69% 329,181 $44.8M Add +1.1%
FTS Fortis Inc. 2.68% 937,252 $44.7M Add +2.1%
QSR Restaurant Brands Intern 2.66% 669,683 $44.3M Add +2.3%
J Jacobs Solutions Inc. 2.62% 331,662 $43.6M Add +2.3%
AZN Astrazeneca PLC-Spons ADR 2.52% 599,997 $41.9M Add +5.0%
WTW Willis Towers Watson PLC 2.50% 135,728 $41.6M Reduce -6.3%
CNI Canadian Natl Railway Co. 2.49% 399,269 $41.5M Add +2.0%
TD Toronto-Dominion Bank 2.42% 548,715 $40.3M Add +2.0%
SAP Sap SE-Sponsored ADR 2.32% 127,005 $38.6M Add +20.2%
GIB Cgi Inc. 2.26% 358,422 $37.6M Add +12.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 1.93% 453,232 $32.1M Add +2.1%
CL Colgate-Palmolive Co. 1.80% 329,060 $29.9M Add +13.6%
OTEX Open Text Corp. 1.63% 931,450 $27.2M Add +2.1%
JPM JPMorgan Chase & Co. 1.62% 92,869 $26.9M Reduce -7.6%
MELI MercadoLibre Inc. 1.61% 10,248 $26.8M Add +2.0%
NVDA Nvidia Corp. 1.57% 165,234 $26.1M Add +2.1%
TRI Thomson Reuters Corp. 1.56% 129,042 $25.9M Add +2.4%
WCN Waste Connections Inc. 1.53% 136,991 $25.5M Add +3.3%
CBOE Cboe Global Markets Inc. 1.53% 108,906 $25.4M Add +2.7%
MAR Marriott International Class A 1.45% 88,167 $24.1M Add +25.6%
UNP Union Pacific Corp. 1.39% 100,561 $23.1M Add +17.6%
CMS CMS Energy Corp. 1.34% 322,658 $22.4M Add +16.5%
WEC WEC Energy Group Inc. 1.26% 200,914 $20.9M Add +1.6%
ZTS Zoetis Inc. 1.12% 119,049 $18.6M Add +2.4%
AQN Algonquin Power & Utilities 1.09% 3,178,346 $18.1M Add +25.2%
STN Stantec Inc. 1.06% 161,848 $17.6M Add +1.2%
UBER Uber Technologies Inc. 1.03% 184,115 $17.2M Reduce -32.2%
CIGI Colliers Intl GR-Subord Vot 1.01% 129,280 $16.9M Add +1.4%
LLY Eli Lilly & Co. 0.99% 21,135 $16.5M Add +35.0%
AAPL Apple Inc. 0.97% 78,574 $16.1M Reduce -1.9%
MFC Manulife Financial Corp. 0.95% 496,570 $15.8M Add +2.9%
DSGX The Descartes Systems Grp 0.87% 142,322 $14.4M Add +31.9%
RSP Invesco S&P 500 Equal Weight 0.85% 78,090 $14.2M No change
COP Conocophillips 0.84% 156,247 $14.0M Add +2.3%
LOW Lowe's Cos Inc. 0.83% 62,100 $13.8M Add +2.8%
ASML ASML Holding NV-NY Reg SHS 0.82% 17,076 $13.7M Add +4478.0%
CRM Salesforce Inc. 0.81% 49,392 $13.5M Reduce -16.1%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.77% 550,560 $12.9M Add +6.2%
PG The Procter & Gamble Co. 0.74% 77,266 $12.3M Add +0.7%
CP Canadian Pacific Kansas City 0.73% 153,973 $12.2M Add +2.0%
ADBE Adobe Inc. 0.66% 28,574 $11.1M Reduce -21.8%
GRTUF Granite Real Estate Investme 0.60% 197,396 $10.0M Add +0.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.58% 176,053 $9.7M Add +1.5%
PBA Pembina Pipeline Corp. 0.55% 246,497 $9.2M Add +1.3%
STGW Stagwell Inc. 0.55% 2,039,680 $9.2M No change
GNTX Gentex Corp. 0.52% 396,452 $8.7M Reduce -23.8%
MSI Motorola Solutions Inc. 0.47% 18,749 $7.9M New
BRK.A Berkshire Hathaway Inc. Class A 0.44% 10 $7.3M No change
TSLA Tesla Inc. 0.42% 22,142 $7.0M Reduce -0.8%
RIO Rio Tinto PLC-Spon ADR 0.42% 119,603 $7.0M Reduce -0.3%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.40% 60,021 $6.6M Reduce -74.7%
VIG Vanguard Dividend Apprec ETF 0.39% 31,355 $6.4M No change
GOOGL Alphabet Inc. Class A 0.38% 36,082 $6.4M Reduce -82.2%
VEA Vanguard Ftse Developed ETF 0.35% 101,546 $5.8M No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.34% 230,749 $5.7M Reduce -12.7%
VOO Vanguard S&P 500 ETF 0.34% 9,906 $5.6M No change
CCJ Cameco Corp. 0.33% 75,000 $5.6M No change
NGG National Grid PLC-SP ADR 0.31% 69,633 $5.2M Add +21.6%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 10,446 $5.1M Add +6.9%
GOOG Alphabet Inc. Class C 0.30% 28,456 $5.0M Reduce -0.3%
XOM Exxon Mobil Corp. 0.30% 46,469 $5.0M Add +2.0%
AMZN Amazon.com Inc. 0.30% 22,406 $4.9M Add +5.8%
PRF Invesco Rafi US 1000 ETF 0.29% 115,656 $4.9M Reduce -0.2%
CNQ Canadian Natural Resources 0.29% 153,713 $4.8M Add +0.4%
META Meta Platforms Inc. Class A 0.27% 6,169 $4.6M Add +0.6%
MKC McCormick & Co.-Non VTG SHRS 0.24% 53,126 $4.0M Add +45.8%
AWK American Water Works Co. Inc. 0.23% 28,032 $3.9M Add +7.3%
CVX Chevron Corp. 0.22% 25,796 $3.7M Add +6.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.22% 76,470 $3.6M Reduce -6.7%
IVV iShares Core S&P 500 ETF 0.19% 5,009 $3.1M Reduce -1.7%
WFC Wells Fargo & Co. 0.19% 38,560 $3.1M Reduce -6.0%
T AT&T Inc. 0.18% 103,942 $3.0M Reduce -9.3%
VZ Verizon Communications Inc. 0.17% 66,118 $2.9M Reduce -2.4%
WMT Walmart Inc. 0.17% 29,109 $2.8M Reduce -8.8%
MU Micron Technology Inc. 0.16% 21,832 $2.7M Add +1.2%
CMCSA Comcast Corp. Class A 0.15% 70,670 $2.5M Add +2.7%
C Citigroup Inc. 0.15% 28,539 $2.4M Reduce -6.3%
CVS CVS Health Corp. 0.14% 34,883 $2.4M Add +0.9%
JNJ Johnson & Johnson 0.14% 15,696 $2.4M Reduce -2.3%
APH Amphenol Corp. Class A 0.14% 23,965 $2.4M Reduce -3.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 8,018 $2.4M Reduce -5.2%
ENB Enbridge Inc. 0.14% 51,989 $2.4M Add +0.0%
INTC Intel Corp. 0.14% 104,224 $2.3M Add +5.0%
COF Capital One Financial Corp. 0.14% 10,561 $2.2M Add +85.7%
CSCO Cisco Systems Inc. 0.13% 31,285 $2.2M Reduce -8.9%
NEE Nextera Energy Inc. 0.12% 29,861 $2.1M Reduce -9.0%
UNH Unitedhealth Group Inc. 0.12% 6,511 $2.0M Add +20.7%
COST Costco Wholesale Corp. 0.12% 2,044 $2.0M Add +4.2%
PFE Pfizer Inc. 0.11% 76,777 $1.9M Add +3.2%
FISV Fiserv Inc. 0.11% 10,791 $1.9M Add +675.2%
SLF Sun Life Financial Inc. 0.11% 27,066 $1.8M Add +1.4%
PXF Invesco Rafi Developed Marke 0.11% 31,072 $1.8M Reduce -0.1%
HD Home Depot Inc. 0.10% 4,703 $1.7M Reduce -2.5%
SCHW Schwab (charles) Corp. 0.10% 18,297 $1.7M No change
AEM Agnico Eagle Mines Ltd. 0.10% 13,299 $1.6M No change
PM Philip Morris International 0.09% 8,660 $1.6M Reduce -10.8%
AVGO Broadcom Inc. 0.09% 5,670 $1.6M Reduce -8.2%
GS Goldman Sachs Group Inc. 0.09% 2,171 $1.5M Add +1.0%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.09% 37,900 $1.5M Reduce -6.0%
VTI VG Morningstar TS MKT ETF-US 0.09% 4,755 $1.4M No change
GM General Motors Co. 0.08% 28,302 $1.4M Add +1.2%
CI The Cigna Group 0.08% 4,189 $1.4M Add +5.7%
ABBV Abbvie Inc. 0.08% 7,430 $1.4M Add +1.8%
MPC Marathon Petroleum Corp. 0.08% 8,099 $1.3M Add +6.9%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 5,432 $1.3M Add +1.3%
MRK Merck & Co. Inc. 0.07% 15,071 $1.2M Add +17.0%
SHV iShares 0-1 Year Treasury Bo 0.07% 10,655 $1.2M Add +33.9%
EWJ iShares MSCI Japan ETF 0.07% 15,678 $1.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 9,353 $1.2M Reduce -2.3%
ORCL Oracle Corp. 0.07% 5,220 $1.1M Reduce -4.4%
VLO Valero Energy Corp. 0.07% 8,487 $1.1M Add +10.5%
ELV Elevance Health Inc. 0.07% 2,871 $1.1M Add +11.1%
PEP Pepsico Inc. 0.07% 8,297 $1.1M Add +9.2%
RTX RTX Corp. 0.07% 7,497 $1.1M Add +0.3%
F Ford Motor Co. filed as FORD MTR CO 0.06% 98,426 $1.1M Add +12.5%
EMA Emera Inc. 0.06% 22,845 $1.0M New
DE Deere & Co. 0.06% 2,053 $1.0M Reduce -2.5%
TRP TC Energy Corp. 0.06% 21,410 $1.0M Reduce -1.8%
BMY Bristol-Myers Squibb Co. 0.06% 22,486 $1.0M Add +3.0%
MO Altria Group Inc. 0.06% 17,525 $1.0M Reduce -6.0%
MPWR Monolithic Power Systems Inc. 0.06% 1,349 $987K Reduce -18.2%
MS Morgan Stanley 0.06% 6,961 $981K Reduce -3.8%
QCOM Qualcomm Inc. 0.06% 6,057 $965K Add +4.2%
CAT Caterpillar Inc. 0.06% 2,462 $956K Add +2.8%
KO The Coca-Cola Co. 0.06% 13,493 $955K Reduce -3.3%
LMT Lockheed Martin Corp. 0.06% 2,048 $949K Reduce -5.0%
RELX Relx PLC - Spon ADR 0.06% 17,032 $926K Reduce -0.3%
MCD McDonald's Corp. 0.06% 3,152 $921K Reduce -3.7%
PSX Phillips 66 0.06% 7,712 $920K Add +8.9%
GILD Gilead Sciences Inc. 0.06% 8,260 $916K Reduce -9.9%
AMGN Amgen Inc. 0.05% 3,242 $905K Add +3.1%
TSM Taiwan Semiconductor-SP ADR 0.05% 3,981 $902K Add +14.8%
NFLX Netflix Inc. 0.05% 673 $901K Add +25.3%
EXE Expand Energy Corp. 0.05% 7,622 $891K Reduce -1.9%
HON Honeywell International Inc. 0.05% 3,686 $859K Reduce -5.5%
CHTR Charter Communications Inc. Class A 0.05% 2,070 $846K Reduce -10.5%
WBA Walgreens Boots Alliance Inc. 0.05% 73,481 $844K Add +4.8%
MDT Medtronic PLC 0.05% 9,596 $836K Add +0.7%
VGK Vanguard Ftse Europe ETF 0.05% 10,785 $836K Reduce -5.3%
AXP American Express Co. 0.05% 2,570 $820K Add +4.0%
BRAG Bragg Gaming Group Inc. 0.05% 189,077 $815K Add +20.5%
TXN Texas Instruments Inc. 0.05% 3,815 $792K Add +2.7%
KR Kroger Co. 0.05% 10,809 $775K Reduce -5.3%
BCE Bce Inc. 0.05% 34,821 $771K Reduce -4.0%
UPS United Parcel Service Class B 0.05% 7,538 $761K Add +12.1%
SYK Stryker Corp. 0.05% 1,898 $751K Add +12.7%
AGG iShares Core U.S. Aggregate 0.05% 7,568 $751K Reduce -10.9%
ACN Accenture PLC Class A 0.04% 2,509 $750K Add +3.1%
CARR Carrier Global Corp. 0.04% 10,206 $747K Reduce -14.7%
AIG American International Group 0.04% 8,711 $746K No change
DCBO Docebo Inc. 0.04% 25,348 $733K Reduce -4.3%
MA Mastercard Inc. Class A 0.04% 1,300 $731K Reduce -0.1%
ADI Analog Devices Inc. 0.04% 3,060 $728K Reduce -12.2%
DUK Duke Energy Corp. 0.04% 6,048 $714K Reduce -2.4%
IMO Imperial Oil Ltd. 0.04% 9,000 $714K No change
TGT Target Corp. 0.04% 7,165 $707K Add +12.4%
ADM Archer-Daniels-Midland Co. 0.04% 13,385 $706K Add +9.3%
MMM 3M Co. 0.04% 4,574 $696K Reduce -13.9%
USMV iShares MSCI USA Min Vol Fac 0.04% 7,285 $684K Reduce -5.5%
AMAT Applied Materials Inc. 0.04% 3,566 $653K Add +8.5%
BLK BlackRock Inc. 0.04% 617 $647K Reduce -0.6%
USB US Bancorp 0.04% 14,289 $647K Reduce -0.6%
GD General Dynamics Corp. 0.04% 2,216 $646K Add +3.3%
DUOL Duolingo 0.04% 1,576 $646K No change
PWR Quanta Services Inc. 0.04% 1,701 $643K No change
FDX FedEx Corp. 0.04% 2,804 $637K Add +7.4%
NEM Newmont Corp. 0.04% 10,887 $634K Reduce -2.8%
TMO Thermo Fisher Scientific Inc. 0.04% 1,560 $633K Add +13.9%
MDLZ Mondelez International Inc. Class A 0.04% 9,333 $629K Add +2.0%
EOG EOG Resources Inc. 0.04% 5,186 $620K Add +9.2%
CB Chubb Ltd. 0.04% 2,119 $614K Reduce -3.1%
SO The Southern Co. 0.04% 6,638 $610K Reduce -3.3%
CNC Centene Corp. 0.04% 11,207 $608K Add +13.0%
SBUX Starbucks Corp. 0.04% 6,571 $602K Reduce -5.9%
HUM Humana Inc. 0.04% 2,429 $594K Add +13.9%
GLD SPDR Gold Shares 0.04% 1,939 $591K Add +0.3%
NUE Nucor Corp. 0.04% 4,498 $583K Add +14.9%
SYF Synchrony Financial 0.03% 8,688 $580K Reduce -8.9%
NKE Nike Inc. Class B 0.03% 8,130 $578K Add +14.2%
QQQM Invesco Nasdaq 100 ETF 0.03% 2,534 $575K Add +37.7%
HCA HCA Healthcare Inc. 0.03% 1,464 $561K Reduce -3.0%
BKNG Booking Holdings Inc. 0.03% 96 $556K Reduce -8.6%
GLXY Galaxy Digital Inc. Class A 0.03% 25,011 $548K New
PNC PNC Financial Services Group 0.03% 2,901 $541K Reduce -3.9%
TRV The Travelers Cos Inc. 0.03% 2,018 $540K Reduce -14.2%
LRCX Lam Research Corp. 0.03% 5,498 $535K Add +5.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.03% 5,679 $517K Reduce -11.1%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 4,708 $516K No change
BN Brookfield Corp. 0.03% 8,270 $511K Reduce -53.1%
NOC Northrop Grumman Corp. 0.03% 1,020 $510K No change
TMUS T-Mobile US Inc. 0.03% 2,122 $506K Reduce -5.9%
CSX CSX Corp. 0.03% 15,453 $504K No change
ALL Allstate Corp. 0.03% 2,387 $481K Reduce -8.7%
MET Metlife Inc. 0.03% 5,973 $480K Reduce -5.5%
GE General Electric filed as GE AEROSPACE 0.03% 1,862 $479K Add +8.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 3,870 $478K Reduce -4.3%
TFC Truist Financial Corp. 0.03% 11,111 $478K No change
DG Dollar General Corp. 0.03% 4,138 $473K Add +6.4%
NSC Norfolk Southern Corp. 0.03% 1,836 $470K No change
KMI Kinder Morgan Inc. 0.03% 15,959 $469K Reduce -9.0%
FNDA Schwab Fndmntl US SM Co. ETF 0.03% 16,091 $461K Reduce -6.2%
LSPD Lightspeed Commerce Inc. 0.03% 38,929 $456K Reduce -4.0%
PYPL PayPal Holdings Inc. 0.03% 6,105 $454K No change
EBAY eBay Inc. 0.03% 6,007 $447K Add +11.3%
DD Dupont DE Nemours Inc. 0.03% 6,478 $444K Add +13.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,475 $437K No change
GIS General Mills Inc. 0.03% 8,374 $434K Add +5.3%
FNV Franco-Nevada Corp. 0.03% 2,622 $430K Add +10.4%
EXC Exelon Corp. 0.03% 9,889 $429K Reduce -12.6%
DOW Dow Inc. 0.03% 16,064 $425K Add +24.1%
WBD Warner Bros Discovery Inc. 0.03% 37,010 $424K Add +28.5%
DHR Danaher Corp. 0.03% 2,146 $424K Add +9.8%
BIL SS SPDR BB 1-3M T-Bill ETF 0.03% 4,610 $423K New
PGR Progressive Corp. 0.03% 1,576 $421K Reduce -6.5%
D Dominion Energy Inc. 0.03% 7,413 $419K No change
IYW iShares Ustechnology ETF 0.03% 2,400 $416K No change
HPE Hewlett Packard Enterprise 0.02% 20,059 $410K No change
LHX L3HARRIS Technologies Inc. 0.02% 1,624 $407K No change
CTSH Cognizant Tech Solutions-A 0.02% 5,171 $403K Reduce -3.1%
AFL Aflac Inc. 0.02% 3,819 $403K Reduce -3.8%
TSN Tyson Foods Inc. Class A 0.02% 7,167 $401K No change
SPGI S&P Global Inc. 0.02% 754 $398K No change
SHLS Shoals Technologies Group -A 0.02% 92,875 $395K Add +34.9%
DGRW Wisdomtree U.S. Quality Divi 0.02% 4,639 $388K Add +16.2%
AEP American Electric Power 0.02% 3,735 $388K Reduce -3.1%
FCX Freeport-McMoran Inc. 0.02% 8,899 $386K Add +9.1%
B Barrick Mining Corp. 0.02% 18,500 $384K No change
EMR Emerson Electric Co. 0.02% 2,847 $380K No change
WM Waste Management Inc. 0.02% 1,650 $378K Add +3.3%
SFM Sprouts Farmers Market Inc. 0.02% 2,291 $377K Reduce -3.4%
JCI Johnson Controls Internation 0.02% 3,531 $373K Reduce -6.5%
PRU Prudential Financial Inc. 0.02% 3,470 $373K No change
DHI D.R. Horton Inc. 0.02% 2,871 $370K Add +10.8%
SU Suncor Energy Inc. 0.02% 9,802 $366K Reduce -14.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 588 $363K New
BDX Becton Dickinson and Co. 0.02% 2,092 $360K Add +9.6%
TU Telus Corp. 0.02% 22,292 $357K Reduce -1.0%
WMB Williams Cos Inc. 0.02% 5,688 $357K Reduce -7.6%
OXY Occidental Petroleum Corp. 0.02% 8,418 $354K Add +16.8%
IBIT iShares Bitcoin Trust ETF 0.02% 5,700 $349K Add +2.3%
AMD Advanced Micro Devices 0.02% 2,447 $347K Add +16.9%
PARAA Paramount Global Class B 0.02% 26,584 $343K Reduce -4.3%
GDX Vaneck Gold Miners ETF 0.02% 6,581 $343K Add +1.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 1,750 $341K No change
APD Air Products & Chemicals Inc. 0.02% 1,196 $337K No change
ITW Illinois Tool Works 0.02% 1,358 $336K No change
INTU Intuit Inc. 0.02% 426 $336K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 9,888 $334K Add +19.9%
ADP Automatic Data Processing 0.02% 1,078 $332K Reduce -5.3%
MCK McKesson Corp. 0.02% 446 $327K No change
PCAR Paccar Inc. 0.02% 3,424 $325K Add +7.9%
AMT American Tower Corp. 0.02% 1,469 $325K No change
CMI Cummins Inc. 0.02% 980 $321K Reduce -5.4%
LYB Lyondellbasell Indu Class A 0.02% 5,540 $321K Add +16.3%
HPQ HP Inc. 0.02% 12,864 $315K Add +4.7%
XYZ Block Inc. 0.02% 4,572 $311K Add +6.0%
DVN Devon Energy Corp. 0.02% 9,752 $310K Add +19.3%
LUMN Lumen Technologies Inc. 0.02% 69,754 $306K Reduce -39.0%
NTR Nutrien Ltd. 0.02% 5,180 $301K Reduce -15.8%
RCI Rogers Communications Inc. Class B 0.02% 10,158 $301K No change
LEN Lennar Corp. Class A 0.02% 2,707 $299K Add +15.9%
MOS The Mosaic Co. 0.02% 8,163 $298K No change
IP International Paper Co. 0.02% 6,315 $296K Reduce -12.1%
ATS Ats Corp. 0.02% 9,270 $295K Add +11.9%
CTVA Corteva Inc. 0.02% 3,953 $295K No change
ED Consolidated Edison Inc. 0.02% 2,935 $295K No change
GEV GE Vernova Inc. 0.02% 550 $291K New
DLTR Dollar Tree Inc. 0.02% 2,906 $288K Add +8.2%
ACWI iShares MSCI Acwi ETF 0.02% 2,215 $285K New
KHC The Kraft Heinz Co. 0.02% 11,032 $285K Add +20.2%
KLAC KLA Corp. 0.02% 318 $285K Add +0.9%
ICE Intercontinental Exchange Inc. 0.02% 1,528 $280K Add +1.1%
FERG Ferguson Enterprises Inc. 0.02% 1,284 $280K No change
STLD Steel Dynamics Inc. 0.02% 2,181 $279K Add +7.1%
BA The Boeing Co. 0.02% 1,329 $278K Reduce -18.3%
BKR Baker Hughes Co. 0.02% 7,146 $274K No change
XEL Xcel Energy Inc. 0.02% 3,991 $272K Reduce -8.6%
STT State Street Corp. 0.02% 2,550 $271K No change
CBRE CBRE Group Inc. Class A 0.02% 1,930 $270K Reduce -8.0%
MBB iShares MBS ETF 0.02% 2,850 $268K Reduce -3.4%
HIG Hartford Insurance Group Inc. 0.02% 2,101 $267K Reduce -10.1%
BBY Best Buy Co. Inc. 0.02% 3,948 $265K No change
ISTB iShares Core 1-5 Year Usd Bo 0.02% 5,425 $264K No change
GLW Corning Inc. 0.02% 5,014 $264K Reduce -9.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,728 $263K Add +9.0%
AMP Ameriprise Financial Inc. 0.02% 493 $263K Reduce -4.5%
PHM Pultegroup Inc. 0.02% 2,491 $263K Add +10.3%
ORLY O'reilly Automotive Inc. 0.02% 2,894 $261K Reduce -5.0%
VST Vistra Corp. 0.02% 1,345 $261K New
COR Cencora Inc. 0.02% 869 $261K Add +5.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 250 $260K No change
GEHC GE Healthcare Technology 0.02% 3,510 $260K Reduce -12.3%
URI United Rentals Inc. 0.02% 342 $258K No change
ETR Entergy Corp. 0.02% 3,086 $257K Reduce -8.5%
NRG NRG Energy Inc. 0.02% 1,597 $256K New
SRE Sempra 0.02% 3,373 $256K No change
CEG Constellation Energy 0.02% 790 $255K New
BX Blackstone Inc. 0.02% 1,687 $252K Add +12.9%
CME Cme Group Inc. 0.01% 905 $249K No change
CCI Crown Castle Inc. 0.01% 2,424 $249K No change
BTG B2GOLD Corp. 0.01% 69,000 $249K No change
SYY Sysco Corp. 0.01% 3,277 $248K No change
ROST Ross Stores Inc. 0.01% 1,940 $248K No change
PH Parker Hannifin Corp. 0.01% 354 $247K Reduce -7.8%
LH Labcorp Holdings Inc. 0.01% 941 $247K No change
JBL Jabil Inc. 0.01% 1,120 $244K New
FIS Fidelity National Info Serv 0.01% 2,979 $243K New
REGN Regeneron Pharmaceuticals 0.01% 461 $242K Add +20.4%
XYL Xylem Inc. 0.01% 1,868 $242K Add +6.1%
ANSS Ansys Inc. 0.01% 686 $241K No change
PAYX Paychex Inc. 0.01% 1,632 $237K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.01% 5,790 $235K No change
ALLY Ally Financial Inc. 0.01% 6,044 $235K Add +6.6%
BIIB Biogen Inc. 0.01% 1,862 $234K Add +11.4%
OKE Oneok Inc. 0.01% 2,860 $233K No change
IQDG Wisdomtree Intl QLTY DVD GRW 0.01% 5,862 $232K New
KMB Kimberly-Clark Corp. 0.01% 1,796 $232K No change
LNG Cheniere Energy Inc. 0.01% 946 $230K Add +6.8%
PHYS Sprott Physical Gold Trust 0.01% 8,915 $230K No change
RS Reliance Inc. 0.01% 725 $228K No change
PEG Public Service Enterprise GP 0.01% 2,660 $224K No change
WDC Western Digital Corp. 0.01% 3,497 $224K New
PPL PPL Corp. 0.01% 6,477 $220K Reduce -7.3%
BSX Boston Scientific Corp. 0.01% 2,024 $217K Reduce -6.9%
TDUP Thredup Inc. Class A 0.01% 28,800 $216K No change
PLD Prologis Inc. 0.01% 2,044 $215K Add +10.6%
SHW The Sherwin-Williams Co. 0.01% 624 $214K New
VTRS Viatris Inc. 0.01% 23,725 $212K Add +14.9%
ES Eversource Energy 0.01% 3,327 $212K No change
EA Electronic Arts Inc. 0.01% 1,316 $210K New
WELL Welltower Inc. 0.01% 1,366 $210K Reduce -8.9%
WY Weyerhaeuser Co. 0.01% 8,167 $210K Add +6.8%
ARW Arrow Electronics Inc. 0.01% 1,645 $210K New
FITB Fifth Third Bancorp 0.01% 5,092 $209K New
YUM Yum! Brands Inc. 0.01% 1,408 $209K Add +4.8%
CFG Citizens Financial Group 0.01% 4,630 $207K New
DINO HF Sinclair Corp. 0.01% 4,969 $204K New
ROK Rockwell Automation Inc. 0.01% 613 $204K New
WFG West Fraser Timber Co. Ltd. 0.01% 2,765 $202K No change
MCHP Microchip Technology Inc. 0.01% 2,867 $202K New
CAH Cardinal Health Inc. 0.01% 1,200 $202K New
BIP Brookfield Infrastructure Pa 0.01% 6,028 $202K Reduce -15.3%
KDP Keurig Dr Pepper Inc. 0.01% 6,077 $201K New
ENVX Enovix Corp. 0.01% 18,126 $187K No change
HBAN Huntington Bancshares Inc. 0.01% 10,281 $172K No change
M Macy's Inc. 0.01% 11,588 $135K New
AES AES Corp. 0.01% 12,806 $135K Add +17.8%
CLF Cleveland-Cliffs Inc. 0.01% 15,248 $116K Add +40.7%
GT Goodyear Tire & Rubber Co. 0.01% 10,822 $112K No change
KSS Kohls Corp. 0.01% 12,700 $108K New
HTZ Hertz Global Hldgs Inc. 0.01% 13,049 $89K No change
GNW Genworth Financial Inc. 0.00% 10,250 $80K No change
NWL Newell Brands Inc. 0.00% 13,022 $70K New
XRX Xerox Holdings Corp. 0.00% 10,804 $57K New
OGI Organigram Global Inc. 0.00% 37,103 $50K Add +112.3%
MPT Medical Properties Trust Inc. 0.00% 10,771 $46K No change

Portfolio Sells Q1 2025 → Q2 2025

GOOGL Alphabet Inc. Class A Reduce -82.2% 0.38% −1.67
BMO Bank of Montreal Reduce -74.7% 0.40% −1.08
WTW Willis Towers Watson PLC Reduce -6.3% 2.50% −0.70
GNTX Gentex Corp. Reduce -23.8% 0.52% −0.27
UBER Uber Technologies Inc. Reduce -32.2% 1.03% −0.26
ADBE Adobe Inc. Reduce -21.8% 0.66% −0.25
CRM Salesforce Inc. Reduce -16.1% 0.81% −0.22
AAPL Apple Inc. Reduce -1.9% 0.97% −0.19
SGOV iShares 0-3 Month Treasury B Sold out 0.00% −0.10
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -12.7% 0.34% −0.07
RIO Rio Tinto PLC-Spon ADR Reduce -0.3% 0.42% −0.05
T AT&T Inc. Reduce -9.3% 0.18% −0.03
DFS Discover Financial Services Sold out 0.00% −0.03
JNJ Johnson & Johnson Reduce -2.3% 0.14% −0.03
BN Brookfield Corp. Reduce -53.1% 0.03% −0.03
VZ Verizon Communications Inc. Reduce -2.4% 0.17% −0.03
NEE Nextera Energy Inc. Reduce -9.0% 0.12% −0.03
ENPH Enphase Energy Inc. Sold out 0.00% −0.02
X United States Steel Corp. Sold out 0.00% −0.02
PFG Principal Financial Group Sold out 0.00% −0.01
GPN Global Payments Inc. Sold out 0.00% −0.01
SPG Simon Property Group Inc. Sold out 0.00% −0.01
DTE DTE Energy Company Sold out 0.00% −0.01
PRF Invesco Rafi US 1000 ETF Reduce -0.2% 0.29% −0.01
GILD Gilead Sciences Inc. Reduce -9.9% 0.06% −0.01
WMT Walmart Inc. Reduce -8.8% 0.17% −0.01
HD Home Depot Inc. Reduce -2.5% 0.10% −0.01
MCD McDonald's Corp. Reduce -3.7% 0.06% −0.01
MO Altria Group Inc. Reduce -6.0% 0.06% −0.01
LUMN Lumen Technologies Inc. Reduce -39.0% 0.02% −0.01
AGG iShares Core U.S. Aggregate Reduce -10.9% 0.05% −0.01
MMM 3M Co. Reduce -13.9% 0.04% −0.01
TMUS T-Mobile US Inc. Reduce -5.9% 0.03% −0.01
SBUX Starbucks Corp. Reduce -5.9% 0.04% −0.01
EXC Exelon Corp. Reduce -12.6% 0.03% −0.01
CSCO Cisco Systems Inc. Reduce -8.9% 0.13% −0.01
TRV The Travelers Cos Inc. Reduce -14.2% 0.03% −0.01
BCE Bce Inc. Reduce -4.0% 0.05% −0.01
KO The Coca-Cola Co. Reduce -3.3% 0.06% −0.01
IP International Paper Co. Reduce -12.1% 0.02% −0.01
WFC Wells Fargo & Co. Reduce -6.0% 0.19% −0.01
SU Suncor Energy Inc. Reduce -14.0% 0.02% −0.01
ALL Allstate Corp. Reduce -8.7% 0.03% −0.01
DUK Duke Energy Corp. Reduce -2.4% 0.04% −0.01
CB Chubb Ltd. Reduce -3.1% 0.04% −0.01
BAC Bank of America Corp. Reduce -6.7% 0.22% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -5.5% 0.04% −0.01
PM Philip Morris International Reduce -10.8% 0.09% −0.01
LMT Lockheed Martin Corp. Reduce -5.0% 0.06% −0.01
PGR Progressive Corp. Reduce -6.5% 0.03% −0.01

Portfolio Buys Q1 2025 → Q2 2025

MSFT Microsoft Corp. Add +7.3% 4.78% +1.12
ASML ASML Holding NV-NY Reg SHS Add +4478.0% 0.82% +0.81
MSI Motorola Solutions Inc. New 0.47% +0.47
SAP Sap SE-Sponsored ADR Add +20.2% 2.32% +0.47
NVDA Nvidia Corp. Add +2.1% 1.57% +0.42
RY Royal Bank of Canada Add +1.7% 4.63% +0.39
MAR Marriott International Class A Add +25.6% 1.45% +0.35
MELI MercadoLibre Inc. Add +2.0% 1.61% +0.33
TD Toronto-Dominion Bank Add +2.0% 2.42% +0.31
CM Can Imperial BK of Commerce Add +2.1% 1.93% +0.30
AQN Algonquin Power & Utilities Add +25.2% 1.09% +0.24
V Visa Inc. Class A Add +15.6% 2.87% +0.20
STN Stantec Inc. Add +1.2% 1.06% +0.19
GIB Cgi Inc. Add +12.6% 2.26% +0.18
DSGX The Descartes Systems Grp Add +31.9% 0.87% +0.16
LLY Eli Lilly & Co. Add +35.0% 0.99% +0.14
TRI Thomson Reuters Corp. Add +2.4% 1.56% +0.14
OTEX Open Text Corp. Add +2.1% 1.63% +0.13
FISV Fiserv Inc. Add +675.2% 0.11% +0.09
UNP Union Pacific Corp. Add +17.6% 1.39% +0.07
COF Capital One Financial Corp. Add +85.7% 0.14% +0.07
NGG National Grid PLC-SP ADR Add +21.6% 0.31% +0.07
EMA Emera Inc. New 0.06% +0.06
J Jacobs Solutions Inc. Add +2.3% 2.62% +0.06
BNS Bank of Nova Scotia Add +1.5% 0.58% +0.05
MKC McCormick & Co.-Non VTG SHRS Add +45.8% 0.24% +0.05
META Meta Platforms Inc. Class A Add +0.6% 0.27% +0.04
CP Canadian Pacific Kansas City Add +2.0% 0.73% +0.04
MU Micron Technology Inc. Add +1.2% 0.16% +0.04
PXH Inves Rafi Emer MRKT-Usd Inc. Add +6.2% 0.77% +0.04
GLXY Galaxy Digital Inc. Class A New 0.03% +0.03
AMZN Amazon.com Inc. Add +5.8% 0.30% +0.03
BIL SS SPDR BB 1-3M T-Bill ETF New 0.03% +0.03
CL Colgate-Palmolive Co. Add +13.6% 1.80% +0.02
SPY SS SPDR S&P 500 ETF Trust-US New 0.02% +0.02
NFLX Netflix Inc. Add +25.3% 0.05% +0.02
GEV GE Vernova Inc. New 0.02% +0.02
ACWI iShares MSCI Acwi ETF New 0.02% +0.02
TSM Taiwan Semiconductor-SP ADR Add +14.8% 0.05% +0.02
VST Vistra Corp. New 0.02% +0.02
GS Goldman Sachs Group Inc. Add +1.0% 0.09% +0.02
NRG NRG Energy Inc. New 0.02% +0.02
CEG Constellation Energy New 0.02% +0.02
JBL Jabil Inc. New 0.01% +0.01
FIS Fidelity National Info Serv New 0.01% +0.01
IQDG Wisdomtree Intl QLTY DVD GRW New 0.01% +0.01
WDC Western Digital Corp. New 0.01% +0.01
SHV iShares 0-1 Year Treasury Bo Add +33.9% 0.07% +0.01
SHW The Sherwin-Williams Co. New 0.01% +0.01
ARW Arrow Electronics Inc. New 0.01% +0.01

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