Cidel Asset Management Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Cidel Asset Management Inc. reported 357 stock positions worth $1.7 billion. Its top holding was Royal Bank of Canada (RY) at 5.0% of the portfolio, followed by Microsoft (MSFT, 5.0%) and RB Global (RBA, 4.4%). Compared with Q2 2025, it opened 20 new positions, sold out of 23, added to 124 and reduced 112. The biggest buy was Nvidia (NVDA, shares +29%) and the biggest sale Salesforce (CRM, shares −92%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001621915
Portfolio Value
$1.7B (Q3 2025)
SEC Filing
0001621915-25-000005 ↗ filed Nov 7, 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 Q2 2025 Q3 2025: $1.7B $1.7B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.8B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 357 stocks · $1.7B
RY Royal Bank of Canada 5.04% 595,378 $87.8M Add +1.5%
MSFT Microsoft Corp. 4.99% 167,763 $86.9M Add +4.9%
RBA RB Global Inc. 4.41% 708,463 $76.8M Add +2.7%
J Jacobs Solutions Inc. 2.85% 330,862 $49.6M Reduce -0.2%
FTS Fortis Inc. 2.81% 963,061 $48.9M Add +2.8%
WTW Willis Towers Watson PLC 2.69% 135,738 $46.9M Add +0.0%
AZN Astrazeneca PLC-Spons ADR 2.64% 598,309 $45.9M Reduce -0.3%
V Visa Inc. Class A 2.61% 133,211 $45.5M Reduce -0.9%
TD Toronto-Dominion Bank 2.60% 566,193 $45.3M Add +3.2%
ABT Abbott Laboratories 2.58% 335,841 $45.0M Add +2.0%
QSR Restaurant Brands Intern 2.53% 688,129 $44.2M Add +2.8%
CNI Canadian Natl Railway Co. 2.44% 450,643 $42.5M Add +12.9%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 2.33% 508,370 $40.6M Add +12.2%
NVDA Nvidia Corp. 2.28% 212,766 $39.7M Add +28.8%
SAP Sap SE-Sponsored ADR 2.14% 139,273 $37.2M Add +9.7%
GIB Cgi Inc. 2.13% 416,802 $37.1M Add +16.3%
OTEX Open Text Corp. 2.09% 973,317 $36.4M Add +4.5%
JPM JPMorgan Chase & Co. 1.66% 91,912 $29.0M Reduce -1.0%
WCN Waste Connections Inc. 1.65% 163,675 $28.8M Add +19.5%
CMS CMS Energy Corp. 1.46% 346,729 $25.4M Add +7.5%
CL Colgate-Palmolive Co. 1.44% 314,644 $25.2M Reduce -4.4%
MELI MercadoLibre Inc. 1.38% 10,311 $24.1M Add +0.6%
WEC WEC Energy Group Inc. 1.36% 206,513 $23.7M Add +2.8%
MAR Marriott International Class A 1.31% 87,685 $22.8M Reduce -0.6%
CIGI Colliers Intl GR-Subord Vot 1.20% 134,127 $21.0M Add +3.8%
TRI Thomson Reuters Corp. 1.19% 133,790 $20.8M Add +3.7%
LLY Eli Lilly & Co. 1.17% 26,726 $20.4M Add +26.4%
CBOE Cboe Global Markets Inc. 1.17% 82,859 $20.3M Reduce -23.9%
UNP Union Pacific Corp. 1.15% 84,551 $20.0M Reduce -15.9%
AAPL Apple Inc. 1.14% 78,124 $19.9M Reduce -0.6%
UBER Uber Technologies Inc. 1.02% 182,007 $17.8M Reduce -1.1%
AQN Algonquin Power & Utilities 1.00% 3,253,612 $17.5M Add +2.4%
ZTS Zoetis Inc. 0.99% 118,375 $17.3M Reduce -0.6%
ASML ASML Holding NV-NY Reg SHS 0.98% 17,551 $17.0M Add +2.8%
STN Stantec Inc. 0.96% 155,530 $16.8M Reduce -3.9%
CP Canadian Pacific Kansas City 0.90% 209,780 $15.6M Add +36.2%
MFC Manulife Financial Corp. 0.87% 486,143 $15.1M Reduce -2.1%
COP Conocophillips 0.86% 157,455 $14.9M Add +0.8%
RSP Invesco S&P 500 Equal Weight 0.85% 78,090 $14.8M No change
MSI Motorola Solutions Inc. 0.84% 32,061 $14.7M Add +71.0%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.84% 573,516 $14.6M Add +4.2%
DSGX The Descartes Systems Grp 0.80% 147,860 $13.9M Add +3.9%
GNTX Gentex Corp. 0.73% 450,780 $12.8M Add +13.7%
PG The Procter & Gamble Co. 0.68% 77,275 $11.9M Add +0.0%
STGW Stagwell Inc. 0.66% 2,039,680 $11.5M No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.65% 175,152 $11.3M Reduce -0.5%
PBA Pembina Pipeline Corp. 0.57% 247,244 $10.0M Add +0.3%
TSLA Tesla Inc. 0.56% 22,087 $9.8M Reduce -0.3%
GOOGL Alphabet Inc. Class A 0.49% 34,906 $8.5M Reduce -3.3%
RIO Rio Tinto PLC-Spon ADR 0.46% 120,151 $7.9M Add +0.5%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.44% 58,693 $7.6M Reduce -2.2%
BRK.A Berkshire Hathaway Inc. Class A 0.43% 10 $7.5M No change
VIG Vanguard Dividend Apprec ETF 0.39% 31,355 $6.8M No change
GOOG Alphabet Inc. Class C 0.39% 27,613 $6.7M Reduce -3.0%
GRTUF Granite Real Estate Investme 0.37% 117,469 $6.5M Reduce -40.5%
CCJ Cameco Corp. 0.36% 75,000 $6.3M No change
VEA Vanguard Ftse Developed ETF 0.35% 101,546 $6.1M No change
VOO Vanguard S&P 500 ETF 0.34% 9,772 $6.0M Reduce -1.4%
XOM Exxon Mobil Corp. 0.31% 47,722 $5.4M Add +2.7%
PRF Invesco Rafi US 1000 ETF 0.30% 115,480 $5.2M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 10,299 $5.2M Reduce -1.4%
AMZN Amazon.com Inc. 0.28% 22,378 $4.9M Reduce -0.1%
CNQ Canadian Natural Resources 0.28% 152,604 $4.9M Reduce -0.7%
FNDX Schwab Fndmntl US LRG Co. ETF 0.27% 181,293 $4.8M Reduce -21.4%
NGG National Grid PLC-SP ADR 0.25% 60,327 $4.4M Reduce -13.4%
CVX Chevron Corp. 0.25% 27,768 $4.3M Add +7.6%
META Meta Platforms Inc. Class A 0.24% 5,803 $4.3M Reduce -5.9%
HLN Haleon PLC-ADR 0.23% 450,689 $4.0M New
MU Micron Technology Inc. 0.20% 21,309 $3.6M Reduce -2.4%
MKC McCormick & Co.-Non VTG SHRS 0.20% 52,968 $3.5M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 67,043 $3.5M Reduce -12.3%
IVV iShares Core S&P 500 ETF 0.19% 5,009 $3.4M No change
INTC Intel Corp. 0.18% 95,167 $3.2M Reduce -8.7%
AWK American Water Works Co. Inc. 0.18% 22,570 $3.1M Reduce -19.5%
WFC Wells Fargo & Co. 0.17% 35,270 $3.0M Reduce -8.5%
VZ Verizon Communications Inc. 0.17% 66,118 $2.9M No change
JNJ Johnson & Johnson 0.17% 15,518 $2.9M Reduce -1.1%
WMT Walmart Inc. 0.16% 27,869 $2.9M Reduce -4.3%
T AT&T Inc. 0.16% 98,192 $2.8M Reduce -5.5%
UNH Unitedhealth Group Inc. 0.16% 7,914 $2.7M Add +21.6%
CVS CVS Health Corp. 0.15% 34,883 $2.6M No change
C Citigroup Inc. 0.15% 25,258 $2.6M Reduce -11.5%
ENB Enbridge Inc. 0.15% 50,734 $2.6M Reduce -2.4%
APH Amphenol Corp. Class A 0.13% 18,882 $2.3M Reduce -21.2%
CMCSA Comcast Corp. Class A 0.13% 74,225 $2.3M Add +5.0%
AEM Agnico Eagle Mines Ltd. 0.13% 13,299 $2.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 7,881 $2.2M Reduce -1.7%
PFE Pfizer Inc. 0.12% 78,767 $2.0M Add +2.6%
CSCO Cisco Systems Inc. 0.11% 29,088 $2.0M Reduce -7.0%
COST Costco Wholesale Corp. 0.11% 2,094 $1.9M Add +2.5%
HD Home Depot Inc. 0.11% 4,703 $1.9M No change
NEE Nextera Energy Inc. 0.11% 24,878 $1.9M Reduce -16.7%
PXF Invesco Rafi Developed Marke 0.10% 29,752 $1.8M Reduce -4.3%
ABBV Abbvie Inc. 0.10% 7,677 $1.8M Add +3.3%
GM General Motors Co. 0.10% 28,302 $1.7M No change
SCHW Schwab (charles) Corp. 0.10% 18,028 $1.7M Reduce -1.5%
AVGO Broadcom Inc. 0.10% 5,173 $1.7M Reduce -8.8%
SLF Sun Life Financial Inc. 0.10% 28,317 $1.7M Add +4.6%
MPC Marathon Petroleum Corp. 0.09% 8,556 $1.6M Add +5.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.09% 37,900 $1.6M No change
VTI VG Morningstar TS MKT ETF-US 0.09% 4,755 $1.6M No change
LOW Lowe's Cos Inc. 0.09% 6,076 $1.5M Reduce -90.2%
COF Capital One Financial Corp. 0.09% 7,161 $1.5M Reduce -32.2%
VLO Valero Energy Corp. 0.09% 8,917 $1.5M Add +5.1%
GS Goldman Sachs Group Inc. 0.08% 1,854 $1.5M Reduce -14.6%
MRK Merck & Co. Inc. 0.08% 16,753 $1.4M Add +11.2%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 5,432 $1.4M No change
ORCL Oracle Corp. 0.08% 4,774 $1.3M Reduce -8.5%
PM Philip Morris International 0.08% 8,205 $1.3M Reduce -5.3%
CI The Cigna Group 0.08% 4,607 $1.3M Add +10.0%
F Ford Motor Co. filed as FORD MTR CO 0.07% 106,008 $1.3M Add +7.7%
EWJ iShares MSCI Japan ETF 0.07% 15,678 $1.3M No change
RTX RTX Corp. 0.07% 7,497 $1.3M No change
PEP Pepsico Inc. 0.07% 8,825 $1.2M Add +6.4%
SHV iShares 0-1 Year Treasury Bo 0.07% 10,649 $1.2M Reduce -0.1%
CAT Caterpillar Inc. 0.07% 2,462 $1.2M No change
TRP TC Energy Corp. 0.07% 21,183 $1.2M Reduce -1.1%
MO Altria Group Inc. 0.06% 16,852 $1.1M Reduce -3.8%
TSM Taiwan Semiconductor-SP ADR 0.06% 3,965 $1.1M Reduce -0.4%
BMY Bristol-Myers Squibb Co. 0.06% 24,446 $1.1M Add +8.7%
PSX Phillips 66 0.06% 8,103 $1.1M Add +5.1%
ELV Elevance Health Inc. 0.06% 3,394 $1.1M Add +18.2%
EMA Emera Inc. 0.06% 22,845 $1.1M No change
LMT Lockheed Martin Corp. 0.06% 2,164 $1.1M Add +5.7%
MS Morgan Stanley 0.06% 6,484 $1.0M Reduce -6.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 8,931 $1.0M Reduce -4.5%
QCOM Qualcomm Inc. 0.06% 6,057 $1.0M No change
AMGN Amgen Inc. 0.05% 3,380 $954K Add +4.3%
MCD McDonald's Corp. 0.05% 3,112 $946K Reduce -1.3%
DE Deere & Co. 0.05% 2,053 $939K No change
MDT Medtronic PLC 0.05% 9,851 $938K Add +2.7%
CRM Salesforce Inc. 0.05% 3,955 $937K Reduce -92.0%
KO The Coca-Cola Co. 0.05% 14,005 $929K Add +3.8%
NFLX Netflix Inc. 0.05% 722 $866K Add +7.3%
GILD Gilead Sciences Inc. 0.05% 7,769 $862K Reduce -5.9%
MPWR Monolithic Power Systems Inc. 0.05% 935 $861K Reduce -30.7%
VGK Vanguard Ftse Europe ETF 0.05% 10,785 $861K No change
GLXY Galaxy Digital Inc. Class A 0.05% 25,011 $846K No change
WBD Warner Bros Discovery Inc. 0.05% 42,772 $835K Add +15.6%
AXP American Express Co. 0.05% 2,496 $829K Reduce -2.9%
ADBE Adobe Inc. 0.05% 2,349 $829K Reduce -91.8%
ADM Archer-Daniels-Midland Co. 0.05% 13,809 $825K Add +3.2%
TMO Thermo Fisher Scientific Inc. 0.05% 1,693 $821K Add +8.5%
IMO Imperial Oil Ltd. 0.05% 9,000 $816K No change
BCE Bce Inc. 0.05% 34,821 $814K No change
EXE Expand Energy Corp. 0.05% 7,622 $810K No change
AMAT Applied Materials Inc. 0.04% 3,792 $776K Add +6.3%
HON Honeywell International Inc. 0.04% 3,624 $763K Reduce -1.7%
AGG iShares Core U.S. Aggregate 0.04% 7,568 $759K No change
GD General Dynamics Corp. 0.04% 2,216 $756K No change
SHLS Shoals Technologies Group -A 0.04% 101,397 $751K Add +9.2%
DUK Duke Energy Corp. 0.04% 6,048 $748K No change
RELX Relx PLC - Spon ADR 0.04% 15,639 $747K Reduce -8.2%
MA Mastercard Inc. Class A 0.04% 1,291 $734K Reduce -0.7%
TGT Target Corp. 0.04% 8,165 $732K Add +14.0%
FDX FedEx Corp. 0.04% 3,067 $723K Add +9.4%
UPS United Parcel Service Class B 0.04% 8,590 $718K Add +14.0%
LRCX Lam Research Corp. 0.04% 5,339 $715K Reduce -2.9%
ACN Accenture PLC Class A 0.04% 2,855 $704K Add +13.8%
SYK Stryker Corp. 0.04% 1,898 $702K No change
TXN Texas Instruments Inc. 0.04% 3,815 $701K No change
GLD SPDR Gold Shares 0.04% 1,964 $698K Add +1.3%
KR Kroger Co. 0.04% 10,284 $693K Reduce -4.9%
USMV iShares MSCI USA Min Vol Fac 0.04% 7,285 $693K No change
BLK BlackRock Inc. 0.04% 594 $693K Reduce -3.7%
DCBO Docebo Inc. 0.04% 25,348 $692K No change
USB US Bancorp 0.04% 14,289 $691K No change
AIG American International Group 0.04% 8,711 $684K No change
HUM Humana Inc. 0.04% 2,592 $674K Add +6.7%
ADI Analog Devices Inc. 0.04% 2,724 $669K Reduce -11.0%
MMM 3M Co. 0.04% 4,253 $660K Reduce -7.0%
NUE Nucor Corp. 0.04% 4,650 $630K Add +3.4%
SO The Southern Co. 0.04% 6,638 $629K No change
QQQM Invesco Nasdaq 100 ETF 0.04% 2,533 $626K Reduce -0.0%
HCA HCA Healthcare Inc. 0.04% 1,464 $624K No change
EOG EOG Resources Inc. 0.04% 5,563 $624K Add +7.3%
CHTR Charter Communications Inc. Class A 0.04% 2,264 $623K Add +9.4%
MDLZ Mondelez International Inc. Class A 0.04% 9,894 $618K Add +6.0%
FNV Franco-Nevada Corp. 0.04% 2,772 $617K Add +5.7%
B Barrick Mining Corp. 0.03% 18,500 $608K No change
NOC Northrop Grumman Corp. 0.03% 990 $603K Reduce -2.9%
NKE Nike Inc. Class B 0.03% 8,515 $594K Add +4.7%
CB Chubb Ltd. 0.03% 2,054 $580K Reduce -3.1%
CNC Centene Corp. 0.03% 16,042 $572K Add +43.1%
CSX CSX Corp. 0.03% 16,087 $571K Add +4.1%
PNC PNC Financial Services Group 0.03% 2,837 $570K Reduce -2.2%
GE General Electric filed as GE AEROSPACE 0.03% 1,862 $560K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 3,870 $559K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.03% 5,109 $557K Reduce -10.0%
SYF Synchrony Financial 0.03% 7,799 $554K Reduce -10.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 4,913 $548K Add +4.3%
DD Dupont DE Nemours Inc. 0.03% 7,007 $546K Add +8.2%
DHI D.R. Horton Inc. 0.03% 3,084 $523K Add +7.4%
NSC Norfolk Southern Corp. 0.03% 1,737 $522K Reduce -5.4%
TFC Truist Financial Corp. 0.03% 11,409 $522K Add +2.7%
NEM Newmont Corp. 0.03% 10,664 $519K Reduce -2.0%
TMUS T-Mobile US Inc. 0.03% 2,122 $508K No change
SBUX Starbucks Corp. 0.03% 5,994 $507K Reduce -8.8%
FNDA Schwab Fndmntl US SM Co. ETF 0.03% 16,091 $501K No change
EBAY eBay Inc. 0.03% 5,509 $501K Reduce -8.3%
GDX Vaneck Gold Miners ETF 0.03% 6,496 $496K Reduce -1.3%
LHX L3HARRIS Technologies Inc. 0.03% 1,624 $496K No change
HPE Hewlett Packard Enterprise 0.03% 20,059 $493K No change
ALL Allstate Corp. 0.03% 2,274 $488K Reduce -4.7%
TRV The Travelers Cos Inc. 0.03% 1,734 $484K Reduce -14.1%
IYW iShares Ustechnology ETF 0.03% 2,400 $470K No change
MET Metlife Inc. 0.03% 5,701 $470K Reduce -4.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 702 $468K Add +19.4%
LUMN Lumen Technologies Inc. 0.03% 75,999 $465K Add +8.9%
BKNG Booking Holdings Inc. 0.03% 86 $464K Reduce -10.4%
DOW Dow Inc. 0.03% 20,152 $462K Add +25.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,475 $462K No change
DHR Danaher Corp. 0.03% 2,325 $461K Add +8.3%
GIS General Mills Inc. 0.03% 9,079 $458K Add +8.4%
DGRW Wisdomtree U.S. Quality Divi 0.03% 5,139 $457K Add +10.8%
D Dominion Energy Inc. 0.03% 7,413 $453K No change
LSPD Lightspeed Commerce Inc. 0.03% 38,929 $450K No change
OXY Occidental Petroleum Corp. 0.03% 9,375 $443K Add +11.4%
DG Dollar General Corp. 0.03% 4,258 $440K Add +2.9%
KMI Kinder Morgan Inc. 0.03% 15,385 $436K Reduce -3.6%
BN Brookfield Corp. 0.03% 6,338 $435K Reduce -23.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 12,571 $432K Add +27.1%
EXC Exelon Corp. 0.02% 9,499 $428K Reduce -3.9%
AFL Aflac Inc. 0.02% 3,819 $427K No change
AEP American Electric Power 0.02% 3,735 $420K No change
TSN Tyson Foods Inc. Class A 0.02% 7,667 $416K Add +7.0%
AMD Advanced Micro Devices 0.02% 2,558 $414K Add +4.5%
SU Suncor Energy Inc. 0.02% 9,802 $410K No change
PYPL PayPal Holdings Inc. 0.02% 6,105 $409K No change
BDX Becton Dickinson and Co. 0.02% 2,176 $407K Add +4.0%
PGR Progressive Corp. 0.02% 1,576 $389K No change
IBIT iShares Bitcoin Trust ETF 0.02% 5,972 $388K Add +4.8%
HPQ HP Inc. 0.02% 14,220 $387K Add +10.5%
CMI Cummins Inc. 0.02% 914 $386K Reduce -6.7%
DVN Devon Energy Corp. 0.02% 11,002 $386K Add +12.8%
RCI Rogers Communications Inc. Class B 0.02% 11,193 $385K Add +10.2%
LEN Lennar Corp. Class A 0.02% 3,014 $380K Add +11.3%
EMR Emerson Electric Co. 0.02% 2,847 $373K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 4,060 $373K Reduce -11.9%
GLW Corning Inc. 0.02% 4,494 $369K Reduce -10.4%
SPGI S&P Global Inc. 0.02% 754 $367K No change
ACWI iShares MSCI Acwi ETF 0.02% 2,645 $366K Add +19.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 1,750 $365K No change
KLAC KLA Corp. 0.02% 338 $365K Add +6.3%
FCX Freeport-McMoran Inc. 0.02% 9,293 $364K Add +4.4%
WM Waste Management Inc. 0.02% 1,650 $364K No change
MCK McKesson Corp. 0.02% 470 $363K Add +5.4%
WMB Williams Cos Inc. 0.02% 5,688 $360K No change
CTSH Cognizant Tech Solutions-A 0.02% 5,372 $360K Add +3.9%
PRU Prudential Financial Inc. 0.02% 3,470 $360K No change
JCI Johnson Controls Internation 0.02% 3,237 $356K Reduce -8.3%
ITW Illinois Tool Works 0.02% 1,358 $354K No change
PCAR Paccar Inc. 0.02% 3,557 $350K Add +3.9%
BKR Baker Hughes Co. 0.02% 7,146 $348K No change
WDC Western Digital Corp. 0.02% 2,879 $346K Reduce -17.7%
BTG B2GOLD Corp. 0.02% 69,000 $341K No change
KHC The Kraft Heinz Co. 0.02% 12,937 $337K Add +17.3%
TU Telus Corp. 0.02% 21,071 $332K Reduce -5.5%
SRE Sempra 0.02% 3,661 $329K Add +8.5%
BBY Best Buy Co. Inc. 0.02% 4,356 $329K Add +10.3%
URI United Rentals Inc. 0.02% 342 $326K No change
XEL Xcel Energy Inc. 0.02% 3,991 $322K No change
STT State Street Corp. 0.02% 2,763 $321K Add +8.3%
REGN Regeneron Pharmaceuticals 0.02% 568 $319K Add +23.2%
APD Air Products & Chemicals Inc. 0.02% 1,169 $319K Reduce -2.3%
ADP Automatic Data Processing 0.02% 1,078 $316K No change
PHM Pultegroup Inc. 0.02% 2,391 $316K Reduce -4.0%
LYB Lyondellbasell Indu Class A 0.02% 6,394 $314K Add +15.4%
ROST Ross Stores Inc. 0.02% 2,057 $313K Add +6.0%
GEV GE Vernova Inc. 0.02% 505 $311K Reduce -8.2%
STLD Steel Dynamics Inc. 0.02% 2,181 $304K No change
ORLY O'reilly Automotive Inc. 0.02% 2,770 $299K Reduce -4.3%
AMT American Tower Corp. 0.02% 1,544 $297K Add +5.1%
ED Consolidated Edison Inc. 0.02% 2,935 $295K No change
INTU Intuit Inc. 0.02% 426 $291K No change
COR Cencora Inc. 0.02% 930 $291K Add +7.0%
FERG Ferguson Enterprises Inc. 0.02% 1,284 $288K No change
BX Blackstone Inc. 0.02% 1,687 $288K No change
SYY Sysco Corp. 0.02% 3,499 $288K Add +6.8%
CBRE CBRE Group Inc. Class A 0.02% 1,826 $288K Reduce -5.4%
BIIB Biogen Inc. 0.02% 2,024 $284K Add +8.7%
MOS The Mosaic Co. 0.02% 8,163 $283K No change
DINO HF Sinclair Corp. 0.02% 5,350 $280K Add +7.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,728 $280K No change
DLTR Dollar Tree Inc. 0.02% 2,906 $274K No change
NTR Nutrien Ltd. 0.02% 4,645 $273K Reduce -10.3%
MBB iShares MBS ETF 0.02% 2,850 $271K No change
LH Labcorp Holdings Inc. 0.02% 941 $270K No change
PH Parker Hannifin Corp. 0.02% 354 $268K No change
ETR Entergy Corp. 0.02% 2,878 $268K Reduce -6.7%
IP International Paper Co. 0.02% 5,762 $267K Reduce -8.8%
CTVA Corteva Inc. 0.02% 3,953 $267K No change
PLD Prologis Inc. 0.02% 2,326 $266K Add +13.8%
EA Electronic Arts Inc. 0.02% 1,316 $265K No change
ISTB iShares Core 1-5 Year Usd Bo 0.02% 5,425 $265K No change
IQDG Wisdomtree Intl QLTY DVD GRW 0.02% 6,639 $265K Add +13.3%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.02% 5,790 $263K No change
HIG Hartford Insurance Group Inc. 0.01% 1,952 $260K Reduce -7.1%
VTRS Viatris Inc. 0.01% 26,075 $258K Add +9.9%
HAL Halliburton Co. 0.01% 10,405 $256K New
ICE Intercontinental Exchange Inc. 0.01% 1,512 $255K Reduce -1.1%
EIX Edison International 0.01% 4,560 $252K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.01% 264 $252K Add +5.6%
PBF PBF Energy Inc. Class A 0.01% 8,290 $250K New
CFG Citizens Financial Group 0.01% 4,630 $246K No change
LNG Cheniere Energy Inc. 0.01% 1,047 $245K Add +10.7%
WPM Wheaton Precious Metals Corp. 0.01% 2,187 $245K New
CME Cme Group Inc. 0.01% 905 $245K No change
AMP Ameriprise Financial Inc. 0.01% 493 $242K No change
CEG Constellation Energy 0.01% 734 $242K Reduce -7.1%
PPL PPL Corp. 0.01% 6,477 $241K No change
ALLY Ally Financial Inc. 0.01% 6,044 $237K No change
ES Eversource Energy 0.01% 3,327 $237K No change
OVV Ovintiv Inc. 0.01% 5,852 $236K New
QQQ Invesco QQQ Trust Series 1 0.01% 390 $234K New
CCI Crown Castle Inc. 0.01% 2,424 $234K No change
VST Vistra Corp. 0.01% 1,187 $233K Reduce -11.8%
FIS Fidelity National Info Serv 0.01% 3,507 $231K Add +17.7%
GEHC GE Healthcare Technology 0.01% 3,077 $231K Reduce -12.3%
OKE Oneok Inc. 0.01% 3,158 $230K Add +10.4%
GPN Global Payments Inc. 0.01% 2,770 $230K New
WELL Welltower Inc. 0.01% 1,275 $227K Reduce -6.7%
FITB Fifth Third Bancorp 0.01% 5,092 $227K No change
FE Firstenergy Corp. 0.01% 4,945 $227K New
M Macy's Inc. 0.01% 12,629 $226K Add +9.0%
KMB Kimberly-Clark Corp. 0.01% 1,796 $223K No change
PEG Public Service Enterprise GP 0.01% 2,660 $222K No change
BA The Boeing Co. 0.01% 1,025 $221K Reduce -22.9%
SPG Simon Property Group Inc. 0.01% 1,169 $219K New
FISV Fiserv Inc. 0.01% 1,699 $219K Reduce -84.3%
SHW The Sherwin-Williams Co. 0.01% 624 $216K No change
BLDR Builders Firstsource Inc. 0.01% 1,763 $214K New
SHOP Shopify Inc. Class A 0.01% 1,434 $213K New
DTE DTE Energy Company 0.01% 1,497 $212K New
NRG NRG Energy Inc. 0.01% 1,305 $211K Reduce -18.3%
CLS Celestica Inc. 0.01% 855 $210K New
CLF Cleveland-Cliffs Inc. 0.01% 17,148 $209K Add +12.5%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.01% 2,370 $209K New
PAYX Paychex Inc. 0.01% 1,632 $207K No change
EZU iShares MSCI Eurozone ETF 0.01% 3,338 $207K New
JBL Jabil Inc. 0.01% 946 $205K Reduce -15.5%
APA Apa Corp. 0.01% 8,560 $205K New
PFG Principal Financial Group 0.01% 2,468 $205K New
RS Reliance Inc. 0.01% 725 $204K No change
WY Weyerhaeuser Co. 0.01% 8,167 $202K No change
MCHP Microchip Technology Inc. 0.01% 3,136 $201K Add +9.4%
KSS Kohls Corp. 0.01% 12,700 $195K No change
HBAN Huntington Bancshares Inc. 0.01% 10,281 $178K No change
PCG P G & E Corp. 0.01% 11,421 $172K New
AES AES Corp. 0.01% 12,806 $169K No change
OGI Organigram Global Inc. 0.01% 54,579 $111K Add +47.1%
HTZ Hertz Global Hldgs Inc. 0.01% 13,049 $89K No change
GT Goodyear Tire & Rubber Co. 0.00% 10,822 $81K No change
NWL Newell Brands Inc. 0.00% 13,022 $68K No change
MPT Medical Properties Trust Inc. 0.00% 10,771 $55K No change
XRX Xerox Holdings Corp. 0.00% 14,505 $55K Add +34.3%
CYH Community Health Systems Inc. 0.00% 14,355 $46K New

Portfolio Sells Q2 2025 → Q3 2025
CRM Salesforce Inc. Reduce -92.0% 0.05% −0.76
LOW Lowe's Cos Inc. Reduce -90.2% 0.09% −0.74
ADBE Adobe Inc. Reduce -91.8% 0.05% −0.62
CBOE Cboe Global Markets Inc. Reduce -23.9% 1.17% −0.36
CL Colgate-Palmolive Co. Reduce -4.4% 1.44% −0.35
V Visa Inc. Class A Reduce -0.9% 2.61% −0.26
UNP Union Pacific Corp. Reduce -15.9% 1.15% −0.24
GRTUF Granite Real Estate Investme Reduce -40.5% 0.37% −0.23
MAR Marriott International Class A Reduce -0.6% 1.31% −0.14
ZTS Zoetis Inc. Reduce -0.6% 0.99% −0.12
FISV Fiserv Inc. Reduce -84.3% 0.01% −0.10
STN Stantec Inc. Reduce -3.9% 0.96% −0.09
MFC Manulife Financial Corp. Reduce -2.1% 0.87% −0.08
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -21.4% 0.27% −0.07
NGG National Grid PLC-SP ADR Reduce -13.4% 0.25% −0.06
AWK American Water Works Co. Inc. Reduce -19.5% 0.18% −0.05
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.05
BRAG Bragg Gaming Group Inc. Sold out 0.00% −0.05
COF Capital One Financial Corp. Reduce -32.2% 0.09% −0.05
CARR Carrier Global Corp. Sold out 0.00% −0.04
DUOL Duolingo Sold out 0.00% −0.04
PWR Quanta Services Inc. Sold out 0.00% −0.04
MKC McCormick & Co.-Non VTG SHRS Reduce -0.3% 0.20% −0.04
META Meta Platforms Inc. Class A Reduce -5.9% 0.24% −0.03
SFM Sprouts Farmers Market Inc. Sold out 0.00% −0.02
T AT&T Inc. Reduce -5.5% 0.16% −0.02
PARAA Paramount Global Class B Sold out 0.00% −0.02
BAC Bank of America Corp. Reduce -12.3% 0.20% −0.02
XYZ Block Inc. Sold out 0.00% −0.02
PM Philip Morris International Reduce -5.3% 0.08% −0.02
ATS Ats Corp. Sold out 0.00% −0.02
NEE Nextera Energy Inc. Reduce -16.7% 0.11% −0.02
CSCO Cisco Systems Inc. Reduce -7.0% 0.11% −0.02
WFC Wells Fargo & Co. Reduce -8.5% 0.17% −0.02
ANSS Ansys Inc. Sold out 0.00% −0.01
XYL Xylem Inc. Sold out 0.00% −0.01
IBM Intl Business Machines Corp. Reduce -1.7% 0.13% −0.01
PHYS Sprott Physical Gold Trust Sold out 0.00% −0.01
AMZN Amazon.com Inc. Reduce -0.1% 0.28% −0.01
BSX Boston Scientific Corp. Sold out 0.00% −0.01
TDUP Thredup Inc. Class A Sold out 0.00% −0.01
RELX Relx PLC - Spon ADR Reduce -8.2% 0.04% −0.01
ARW Arrow Electronics Inc. Sold out 0.00% −0.01
YUM Yum! Brands Inc. Sold out 0.00% −0.01
ROK Rockwell Automation Inc. Sold out 0.00% −0.01
WFG West Fraser Timber Co. Ltd. Sold out 0.00% −0.01
CAH Cardinal Health Inc. Sold out 0.00% −0.01
KDP Keurig Dr Pepper Inc. Sold out 0.00% −0.01
BIP Brookfield Infrastructure Pa Sold out 0.00% −0.01
ENVX Enovix Corp. Sold out 0.00% −0.01

Portfolio Buys Q2 2025 → Q3 2025
NVDA Nvidia Corp. Add +28.8% 2.28% +0.71
OTEX Open Text Corp. Add +4.5% 2.09% +0.46
CM Can Imperial BK of Commerce Add +12.2% 2.33% +0.40
RY Royal Bank of Canada Add +1.5% 5.04% +0.40
MSI Motorola Solutions Inc. Add +71.0% 0.84% +0.37
HLN Haleon PLC-ADR New 0.23% +0.23
MSFT Microsoft Corp. Add +4.9% 4.99% +0.21
GNTX Gentex Corp. Add +13.7% 0.73% +0.21
WTW Willis Towers Watson PLC Add +0.0% 2.69% +0.19
CIGI Colliers Intl GR-Subord Vot Add +3.8% 1.20% +0.19
LLY Eli Lilly & Co. Add +26.4% 1.17% +0.18
TD Toronto-Dominion Bank Add +3.2% 2.60% +0.18
CP Canadian Pacific Kansas City Add +36.2% 0.90% +0.16
ASML ASML Holding NV-NY Reg SHS Add +2.8% 0.98% +0.15
FTS Fortis Inc. Add +2.8% 2.81% +0.12
WCN Waste Connections Inc. Add +19.5% 1.65% +0.12
CMS CMS Energy Corp. Add +7.5% 1.46% +0.12
WEC WEC Energy Group Inc. Add +2.8% 1.36% +0.10
PXH Inves Rafi Emer MRKT-Usd Inc. Add +4.2% 0.84% +0.06
RIO Rio Tinto PLC-Spon ADR Add +0.5% 0.46% +0.04
UNH Unitedhealth Group Inc. Add +21.6% 0.16% +0.03
CVX Chevron Corp. Add +7.6% 0.25% +0.03
WBD Warner Bros Discovery Inc. Add +15.6% 0.05% +0.02
SHLS Shoals Technologies Group -A Add +9.2% 0.04% +0.02
ABBV Abbvie Inc. Add +3.3% 0.10% +0.02
PBA Pembina Pipeline Corp. Add +0.3% 0.57% +0.02
VLO Valero Energy Corp. Add +5.1% 0.09% +0.02
HAL Halliburton Co. New 0.01% +0.01
EIX Edison International New 0.01% +0.01
PBF PBF Energy Inc. Class A New 0.01% +0.01
RBA RB Global Inc. Add +2.7% 4.41% +0.01
WPM Wheaton Precious Metals Corp. New 0.01% +0.01
MPC Marathon Petroleum Corp. Add +5.6% 0.09% +0.01
OVV Ovintiv Inc. New 0.01% +0.01
QQQ Invesco QQQ Trust Series 1 New 0.01% +0.01
GPN Global Payments Inc. New 0.01% +0.01
FE Firstenergy Corp. New 0.01% +0.01
COP Conocophillips Add +0.8% 0.86% +0.01
SPG Simon Property Group Inc. New 0.01% +0.01
BLDR Builders Firstsource Inc. New 0.01% +0.01
DTE DTE Energy Company New 0.01% +0.01
SHOP Shopify Inc. Class A New 0.01% +0.01
CLS Celestica Inc. New 0.01% +0.01
EL Estee Lauder Companies Class A New 0.01% +0.01
EZU iShares MSCI Eurozone ETF New 0.01% +0.01
APA Apa Corp. New 0.01% +0.01
PFG Principal Financial Group New 0.01% +0.01
PCG P G & E Corp. New 0.01% +0.01
FNV Franco-Nevada Corp. Add +5.7% 0.04% +0.01
MRK Merck & Co. Inc. Add +11.2% 0.08% +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