Cidel Asset Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Cidel Asset Management Inc. reported 365 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Astrazeneca PLC-Spons ADR (AZN, 3.7%) and Royal Bank of Canada (RY, 3.5%). Compared with Q3 2025, it opened 22 new positions, sold out of 15, added to 118 and reduced 144. The biggest buy was Visa Class A (V, shares +3%) and the biggest sale RB Global (RBA, shares −53%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001621915
Portfolio Value
$1.4B (Q4 2025)
SEC Filing
0001621915-26-000001 ↗ filed Jan 21, 2026

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 Q3 2025 Q4 2025: $1.4B $1.4B Q4 2025 Q1 2026: $1.8B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 365 stocks · $1.4B

MSFT Microsoft Corp. 5.38% 157,288 $76.1M Reduce -6.2%
AZN Astrazeneca PLC-Spons ADR 3.66% 562,431 $51.7M Reduce -6.0%
RY Royal Bank of Canada 3.54% 293,353 $50.1M Reduce -50.7%
V Visa Inc. Class A 3.39% 136,679 $47.9M Add +2.6%
WTW Willis Towers Watson PLC 3.03% 130,190 $42.8M Reduce -4.1%
J Jacobs Solutions Inc. 2.91% 310,471 $41.1M Reduce -6.2%
ABT Abbott Laboratories 2.86% 322,225 $40.4M Reduce -4.0%
RBA RB Global Inc. 2.42% 332,419 $34.3M Reduce -53.1%
NVDA Nvidia Corp. 2.30% 174,535 $32.6M Reduce -18.0%
SAP Sap SE-Sponsored ADR 2.20% 127,902 $31.1M Reduce -8.2%
FTS Fortis Inc. 1.98% 537,541 $28.0M Reduce -44.2%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 1.95% 304,082 $27.6M Reduce -40.2%
JPM JPMorgan Chase & Co. 1.94% 85,015 $27.4M Reduce -7.5%
LLY Eli Lilly & Co. 1.91% 25,133 $27.0M Reduce -6.0%
CNI Canadian Natl Railway Co. 1.88% 267,907 $26.5M Reduce -40.5%
QSR Restaurant Brands Intern 1.87% 386,561 $26.4M Reduce -43.8%
MAR Marriott International Class A 1.75% 79,769 $24.7M Reduce -9.0%
CMS CMS Energy Corp. 1.69% 341,790 $23.9M Reduce -1.4%
CL Colgate-Palmolive Co. 1.68% 301,187 $23.8M Reduce -4.3%
WEC WEC Energy Group Inc. 1.51% 202,967 $21.4M Reduce -1.7%
AAPL Apple Inc. 1.48% 77,102 $21.0M Reduce -1.3%
TD Toronto-Dominion Bank 1.35% 201,604 $19.0M Reduce -64.4%
MELI MercadoLibre Inc. 1.33% 9,319 $18.8M Reduce -9.6%
OTEX Open Text Corp. 1.28% 557,011 $18.2M Reduce -42.8%
UNP Union Pacific Corp. 1.28% 78,235 $18.1M Reduce -7.5%
CBOE Cboe Global Markets Inc. 1.26% 70,967 $17.8M Reduce -14.3%
AQN Algonquin Power & Utilities 1.08% 2,487,838 $15.3M Reduce -23.5%
RSP Invesco S&P 500 Equal Weight 1.06% 78,090 $15.0M No change
MFC Manulife Financial Corp. 1.06% 410,817 $14.9M Reduce -15.5%
MSI Motorola Solutions Inc. 1.05% 38,838 $14.9M Add +21.1%
PXH Inves Rafi Emer MRKT-Usd Inc. 1.04% 569,521 $14.7M Reduce -0.7%
ASML ASML Holding NV-NY Reg SHS 1.03% 13,632 $14.6M Reduce -22.3%
COP Conocophillips 0.99% 149,129 $14.0M Reduce -5.3%
GIB Cgi Inc. 0.97% 148,332 $13.7M Reduce -64.4%
UBER Uber Technologies Inc. 0.94% 163,206 $13.3M Reduce -10.3%
ZTS Zoetis Inc. 0.91% 101,862 $12.8M Reduce -13.9%
WCN Waste Connections Inc. 0.84% 67,753 $11.9M Reduce -58.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.76% 144,976 $10.7M Reduce -17.2%
PG The Procter & Gamble Co. 0.74% 73,051 $10.5M Reduce -5.5%
GOOGL Alphabet Inc. Class A 0.74% 33,314 $10.4M Reduce -4.6%
STGW Stagwell Inc. 0.71% 2,039,680 $10.0M No change
RIO Rio Tinto PLC-Spon ADR 0.68% 120,431 $9.6M Add +0.2%
TSLA Tesla Inc. 0.68% 21,343 $9.6M Reduce -3.4%
PBA Pembina Pipeline Corp. 0.67% 249,275 $9.5M Add +0.8%
GNTX Gentex Corp. 0.66% 401,190 $9.3M Reduce -11.0%
BGSI Boyd Group Services Inc. 0.64% 56,718 $9.0M New
CP Canadian Pacific Kansas City 0.59% 113,864 $8.4M Reduce -45.7%
GOOG Alphabet Inc. Class C 0.58% 26,256 $8.2M Reduce -4.9%
BRK.A Berkshire Hathaway Inc. Class A 0.53% 10 $7.5M No change
VIG Vanguard Dividend Apprec ETF 0.49% 31,400 $6.9M Add +0.1%
GRTUF Granite Real Estate Investme 0.49% 115,424 $6.9M Reduce -1.7%
CCJ Cameco Corp. 0.49% 75,000 $6.9M No change
CIGI Colliers Intl GR-Subord Vot 0.46% 44,176 $6.5M Reduce -67.1%
TRI Thomson Reuters Corp. 0.45% 48,285 $6.4M Reduce -63.9%
AMZN Amazon.com Inc. 0.44% 26,714 $6.2M Add +19.4%
VEA Vanguard Ftse Developed ETF 0.43% 98,204 $6.1M Reduce -3.3%
VOO Vanguard S&P 500 ETF 0.43% 9,759 $6.1M Reduce -0.1%
STN Stantec Inc. 0.42% 63,212 $6.0M Reduce -59.4%
XOM Exxon Mobil Corp. 0.41% 48,194 $5.8M Add +1.0%
MU Micron Technology Inc. 0.40% 20,042 $5.7M Reduce -6.0%
CNQ Canadian Natural Resources 0.40% 167,451 $5.7M Add +9.7%
NGG National Grid PLC-SP ADR 0.39% 71,157 $5.5M Add +17.9%
PRF Invesco Rafi US 1000 ETF 0.39% 117,039 $5.5M Add +1.4%
BRK.B Berkshire Hathaway Inc. Class B 0.36% 10,031 $5.0M Reduce -2.6%
TFII Tfi International Inc. 0.34% 46,270 $4.8M New
DSGX The Descartes Systems Grp 0.34% 54,048 $4.7M Reduce -63.5%
CVX Chevron Corp. 0.31% 28,993 $4.4M Add +4.4%
FNDX Schwab Fndmntl US LRG Co. ETF 0.30% 155,097 $4.2M Reduce -14.4%
META Meta Platforms Inc. Class A 0.27% 5,805 $3.8M Add +0.0%
HLN Haleon PLC-ADR 0.26% 364,453 $3.7M Reduce -19.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.25% 65,463 $3.6M Reduce -2.4%
IVV iShares Core S&P 500 ETF 0.24% 5,009 $3.4M No change
WFC Wells Fargo & Co. 0.22% 33,993 $3.2M Reduce -3.6%
INTC Intel Corp. 0.22% 84,315 $3.1M Reduce -11.4%
UNH Unitedhealth Group Inc. 0.21% 9,192 $3.0M Add +16.1%
JNJ Johnson & Johnson 0.21% 14,583 $3.0M Reduce -6.0%
WMT Walmart Inc. 0.21% 27,085 $3.0M Reduce -2.8%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.20% 21,295 $2.8M Reduce -63.7%
VZ Verizon Communications Inc. 0.20% 67,973 $2.8M Add +2.8%
CVS CVS Health Corp. 0.19% 34,098 $2.7M Reduce -2.3%
C Citigroup Inc. 0.19% 22,496 $2.6M Reduce -10.9%
T AT&T Inc. 0.17% 97,317 $2.4M Reduce -0.9%
NEE Nextera Energy Inc. 0.17% 29,177 $2.3M Add +17.3%
GM General Motors Co. 0.16% 28,525 $2.3M Add +0.8%
AEM Agnico Eagle Mines Ltd. 0.16% 13,299 $2.3M No change
ENB Enbridge Inc. 0.16% 46,095 $2.2M Reduce -9.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 7,329 $2.2M Reduce -7.0%
CSCO Cisco Systems Inc. 0.15% 27,012 $2.1M Reduce -7.1%
APH Amphenol Corp. Class A 0.14% 15,122 $2.0M Reduce -19.9%
PXF Invesco Rafi Developed Marke 0.14% 30,279 $2.0M Add +1.8%
MKC McCormick & Co.-Non VTG SHRS 0.14% 29,053 $2.0M Reduce -45.1%
AWK American Water Works Co. Inc. 0.14% 14,947 $2.0M Reduce -33.8%
PFE Pfizer Inc. 0.14% 77,953 $1.9M Reduce -1.0%
CMCSA Comcast Corp. Class A 0.14% 64,571 $1.9M Reduce -13.0%
COST Costco Wholesale Corp. 0.13% 2,197 $1.9M Add +4.9%
SCHW Schwab (charles) Corp. 0.13% 18,028 $1.8M No change
MRK Merck & Co. Inc. 0.13% 17,060 $1.8M Add +1.8%
HD Home Depot Inc. 0.12% 5,051 $1.7M Add +7.4%
COF Capital One Financial Corp. 0.12% 7,087 $1.7M Reduce -1.0%
ABBV Abbvie Inc. 0.12% 7,483 $1.7M Reduce -2.5%
SLF Sun Life Financial Inc. 0.12% 26,589 $1.7M Reduce -6.1%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.12% 36,535 $1.7M Reduce -3.6%
VTI VG Morningstar TS MKT ETF-US 0.11% 4,750 $1.6M Reduce -0.1%
GS Goldman Sachs Group Inc. 0.11% 1,789 $1.6M Reduce -3.5%
AVGO Broadcom Inc. 0.11% 4,434 $1.5M Reduce -14.3%
BMY Bristol-Myers Squibb Co. 0.10% 27,146 $1.5M Add +11.0%
F Ford Motor Co. filed as FORD MTR CO 0.10% 110,995 $1.5M Add +4.7%
VLO Valero Energy Corp. 0.10% 8,917 $1.5M No change
VB Vanguard Most SM-Cap ETF-Usd 0.10% 5,421 $1.4M Reduce -0.2%
CI The Cigna Group 0.10% 5,069 $1.4M Add +10.0%
MPC Marathon Petroleum Corp. 0.10% 8,556 $1.4M No change
URTH iShares MSCI World ETF 0.10% 7,408 $1.4M New
RTX RTX Corp. 0.09% 7,313 $1.3M Reduce -2.5%
CAT Caterpillar Inc. 0.09% 2,341 $1.3M Reduce -4.9%
PEP Pepsico Inc. 0.09% 9,190 $1.3M Add +4.1%
ELV Elevance Health Inc. 0.09% 3,666 $1.3M Add +8.0%
WBD Warner Bros Discovery Inc. 0.09% 43,900 $1.3M Add +2.6%
TSM Taiwan Semiconductor-SP ADR 0.09% 3,965 $1.2M No change
EWJ iShares MSCI Japan ETF 0.08% 14,821 $1.2M Reduce -5.5%
SHV iShares 0-1 Year Treasury Bo 0.08% 10,449 $1.2M Reduce -1.9%
MS Morgan Stanley 0.08% 6,281 $1.1M Reduce -3.1%
LOW Lowe's Cos Inc. 0.08% 4,588 $1.1M Reduce -24.5%
EMA Emera Inc. 0.08% 21,895 $1.1M Reduce -4.2%
PSX Phillips 66 0.08% 8,340 $1.1M Add +2.9%
AMGN Amgen Inc. 0.08% 3,287 $1.1M Reduce -2.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 9,430 $1.1M Add +5.6%
LMT Lockheed Martin Corp. 0.07% 2,168 $1.0M Add +0.2%
ACWI iShares MSCI Acwi ETF 0.07% 7,205 $1.0M Add +172.4%
DE Deere & Co. 0.07% 2,119 $987K Add +3.2%
NEM Newmont Corp. 0.07% 9,823 $981K Reduce -7.9%
KO The Coca-Cola Co. 0.07% 14,005 $979K No change
QCOM Qualcomm Inc. 0.07% 5,660 $968K Reduce -6.5%
GDX Vaneck Gold Miners ETF 0.07% 11,217 $962K Add +72.7%
PM Philip Morris International 0.07% 5,975 $958K Reduce -27.2%
TMO Thermo Fisher Scientific Inc. 0.07% 1,650 $956K Reduce -2.5%
UPS United Parcel Service Class B 0.07% 9,532 $945K Add +11.0%
MCD McDonald's Corp. 0.07% 3,065 $937K Reduce -1.5%
ORCL Oracle Corp. 0.07% 4,774 $931K No change
FDX FedEx Corp. 0.07% 3,218 $930K Add +4.9%
AMAT Applied Materials Inc. 0.07% 3,592 $923K Reduce -5.3%
TRP TC Energy Corp. 0.07% 16,698 $921K Reduce -21.2%
SHLS Shoals Technologies Group -A 0.06% 107,906 $917K Add +6.4%
MDT Medtronic PLC 0.06% 9,544 $917K Reduce -3.1%
GILD Gilead Sciences Inc. 0.06% 7,392 $907K Reduce -4.8%
AXP American Express Co. 0.06% 2,448 $906K Reduce -1.9%
VGK Vanguard Ftse Europe ETF 0.06% 10,761 $900K Reduce -0.2%
TGT Target Corp. 0.06% 9,141 $894K Add +11.9%
ACN Accenture PLC Class A 0.06% 3,273 $878K Add +14.6%
AGG iShares Core U.S. Aggregate 0.06% 8,318 $831K Add +9.9%
EXE Expand Energy Corp. 0.06% 7,438 $821K Reduce -2.4%
B Barrick Mining Corp. 0.06% 18,500 $807K No change
ADM Archer-Daniels-Midland Co. 0.06% 13,809 $794K No change
LRCX Lam Research Corp. 0.06% 4,613 $790K Reduce -13.6%
GLD SPDR Gold Shares 0.06% 1,984 $786K Add +1.0%
NUE Nucor Corp. 0.05% 4,750 $775K Add +2.1%
CNC Centene Corp. 0.05% 18,712 $770K Add +16.6%
AIG American International Group 0.05% 8,957 $766K Add +2.8%
NFLX Netflix Inc. 0.05% 8,169 $766K Add +13.1%
USB US Bancorp 0.05% 14,289 $762K No change
GD General Dynamics Corp. 0.05% 2,216 $746K No change
MO Altria Group Inc. 0.05% 12,852 $741K Reduce -23.7%
HON Honeywell International Inc. 0.05% 3,736 $729K Add +3.1%
HUM Humana Inc. 0.05% 2,831 $725K Add +9.2%
MA Mastercard Inc. Class A 0.05% 1,266 $723K Reduce -1.9%
EFA iShares MSCI Eafe ETF 0.05% 7,500 $720K New
TXN Texas Instruments Inc. 0.05% 4,113 $714K Add +7.8%
DUK Duke Energy Corp. 0.05% 6,048 $709K No change
CRM Salesforce Inc. 0.05% 2,451 $649K Reduce -38.0%
QQQM Invesco Nasdaq 100 ETF 0.05% 2,553 $646K Add +0.8%
EOG EOG Resources Inc. 0.05% 6,120 $643K Add +10.0%
KR Kroger Co. 0.05% 10,284 $643K No change
ADI Analog Devices Inc. 0.05% 2,368 $642K Reduce -13.1%
HCA HCA Healthcare Inc. 0.05% 1,367 $638K Reduce -6.6%
USMV iShares MSCI USA Min Vol Fac 0.04% 6,760 $637K Reduce -7.2%
BLK BlackRock Inc. 0.04% 594 $636K No change
SYF Synchrony Financial 0.04% 7,535 $629K Reduce -3.4%
CB Chubb Ltd. 0.04% 2,003 $625K Reduce -2.5%
SYK Stryker Corp. 0.04% 1,748 $614K Reduce -7.9%
PNC PNC Financial Services Group 0.04% 2,915 $608K Add +2.8%
MMM 3M Co. 0.04% 3,789 $607K Reduce -10.9%
NKE Nike Inc. Class B 0.04% 9,273 $591K Add +8.9%
LUMN Lumen Technologies Inc. 0.04% 75,999 $591K No change
GE General Electric filed as GE AEROSPACE 0.04% 1,915 $590K Add +2.9%
TFC Truist Financial Corp. 0.04% 11,866 $584K Add +4.0%
CSX CSX Corp. 0.04% 16,087 $583K No change
SO The Southern Co. 0.04% 6,638 $579K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 3,763 $578K Reduce -2.8%
CHTR Charter Communications Inc. Class A 0.04% 2,758 $576K Add +21.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.04% 5,178 $571K Add +5.4%
DOW Dow Inc. 0.04% 24,365 $570K Add +20.9%
MDLZ Mondelez International Inc. Class A 0.04% 10,427 $561K Add +5.4%
GLXY Galaxy Digital Inc. Class A 0.04% 25,011 $559K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 4,731 $549K Reduce -7.4%
DHR Danaher Corp. 0.04% 2,396 $548K Add +3.0%
SLB SLB Ltd. filed as SLB LIMITED 0.04% 14,211 $545K Add +13.1%
ADBE Adobe Inc. 0.04% 1,552 $543K Reduce -33.9%
NOC Northrop Grumman Corp. 0.04% 949 $541K Reduce -4.1%
AMD Advanced Micro Devices 0.04% 2,489 $533K Reduce -2.7%
RELX Relx PLC - Spon ADR 0.04% 13,128 $531K Reduce -16.1%
FNV Franco-Nevada Corp. 0.04% 2,541 $527K Reduce -8.3%
DG Dollar General Corp. 0.04% 3,923 $521K Reduce -7.9%
FNDA Schwab Fndmntl US SM Co. ETF 0.04% 16,091 $507K No change
SBUX Starbucks Corp. 0.04% 5,994 $505K No change
NSC Norfolk Southern Corp. 0.04% 1,737 $502K No change
FCX Freeport-McMoran Inc. 0.03% 9,725 $494K Add +4.7%
HPE Hewlett Packard Enterprise 0.03% 20,059 $482K No change
DHI D.R. Horton Inc. 0.03% 3,329 $479K Add +7.9%
IYW iShares Ustechnology ETF 0.03% 2,400 $479K No change
LHX L3HARRIS Technologies Inc. 0.03% 1,624 $477K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,475 $473K No change
TMUS T-Mobile US Inc. 0.03% 2,320 $471K Add +9.3%
TSN Tyson Foods Inc. Class A 0.03% 7,956 $466K Add +3.8%
BKNG Booking Holdings Inc. 0.03% 86 $461K No change
CTSH Cognizant Tech Solutions-A 0.03% 5,535 $459K Add +3.0%
EBAY eBay Inc. 0.03% 5,270 $459K Reduce -4.3%
REGN Regeneron Pharmaceuticals 0.03% 589 $455K Add +3.7%
DGRW Wisdomtree U.S. Quality Divi 0.03% 5,080 $454K Reduce -1.1%
GIS General Mills Inc. 0.03% 9,738 $453K Add +7.3%
ALL Allstate Corp. 0.03% 2,172 $452K Reduce -4.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 661 $451K Reduce -5.8%
BDX Becton Dickinson and Co. 0.03% 2,320 $450K Add +6.6%
MET Metlife Inc. 0.03% 5,701 $450K No change
AFL Aflac Inc. 0.03% 3,965 $437K Add +3.8%
TRV The Travelers Cos Inc. 0.03% 1,501 $435K Reduce -13.4%
D Dominion Energy Inc. 0.03% 7,413 $434K No change
DVN Devon Energy Corp. 0.03% 11,835 $434K Add +7.6%
CMI Cummins Inc. 0.03% 849 $433K Reduce -7.1%
OXY Occidental Petroleum Corp. 0.03% 10,331 $425K Add +10.2%
KMI Kinder Morgan Inc. 0.03% 15,385 $423K No change
SPGI S&P Global Inc. 0.03% 803 $420K Add +6.5%
PCAR Paccar Inc. 0.03% 3,799 $416K Add +6.8%
AEP American Electric Power 0.03% 3,550 $409K Reduce -5.0%
PYPL PayPal Holdings Inc. 0.03% 6,871 $401K Add +12.6%
BN Brookfield Corp. 0.03% 8,710 $400K Reduce -8.4%
PGR Progressive Corp. 0.03% 1,732 $394K Add +9.9%
EXC Exelon Corp. 0.03% 8,999 $392K Reduce -5.3%
PRU Prudential Financial Inc. 0.03% 3,470 $392K No change
BCE Bce Inc. 0.03% 16,171 $386K Reduce -53.6%
MCK McKesson Corp. 0.03% 470 $386K No change
WDC Western Digital Corp. 0.03% 2,207 $380K Reduce -23.3%
EMR Emerson Electric Co. 0.03% 2,847 $378K No change
STT State Street Corp. 0.03% 2,925 $377K Add +5.9%
KLAC KLA Corp. 0.03% 309 $375K Reduce -8.6%
ROST Ross Stores Inc. 0.03% 2,057 $371K No change
STLD Steel Dynamics Inc. 0.03% 2,181 $370K No change
HPQ HP Inc. 0.03% 16,307 $363K Add +14.7%
WM Waste Management Inc. 0.03% 1,650 $363K No change
KHC The Kraft Heinz Co. 0.03% 14,888 $361K Add +15.1%
JCI Johnson Controls Internation 0.03% 3,005 $360K Reduce -7.2%
VTRS Viatris Inc. 0.03% 28,834 $359K Add +10.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.03% 3,860 $353K Reduce -4.9%
SU Suncor Energy Inc. 0.02% 7,855 $349K Reduce -19.9%
BIZD Vaneck BDC Income ETF 0.02% 24,400 $346K New
LEN Lennar Corp. Class A 0.02% 3,358 $345K Add +11.4%
GLW Corning Inc. 0.02% 3,929 $344K Reduce -12.6%
WMB Williams Cos Inc. 0.02% 5,688 $342K No change
BIIB Biogen Inc. 0.02% 1,939 $341K Reduce -4.2%
DLTR Dollar Tree Inc. 0.02% 2,756 $339K Reduce -5.2%
ITW Illinois Tool Works 0.02% 1,358 $334K No change
HAL Halliburton Co. 0.02% 11,571 $327K Add +11.2%
BKR Baker Hughes Co. 0.02% 7,146 $325K No change
LYB Lyondellbasell Indu Class A 0.02% 7,508 $325K Add +17.4%
SRE Sempra 0.02% 3,661 $323K No change
PLD Prologis Inc. 0.02% 2,481 $317K Add +6.7%
COR Cencora Inc. 0.02% 930 $314K No change
BBY Best Buy Co. Inc. 0.02% 4,680 $313K Add +7.4%
EIX Edison International 0.02% 5,190 $312K Add +13.8%
BTG B2GOLD Corp. 0.02% 69,000 $311K No change
Q Qnity Electronics Inc. 0.02% 3,787 $309K Add +8.1%
DD Dupont DE Nemours Inc. 0.02% 7,573 $304K Add +8.1%
OMC Omnicom Group 0.02% 3,752 $303K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 1,425 $302K Reduce -18.6%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,942 $301K Add +7.8%
PHM Pultegroup Inc. 0.02% 2,543 $298K Add +6.4%
INTU Intuit Inc. 0.02% 448 $297K Add +5.2%
ADP Automatic Data Processing 0.02% 1,153 $297K Add +7.0%
IBIT iShares Bitcoin Trust ETF 0.02% 5,972 $297K No change
XEL Xcel Energy Inc. 0.02% 3,991 $295K No change
CBRE CBRE Group Inc. Class A 0.02% 1,826 $294K No change
PH Parker Hannifin Corp. 0.02% 333 $293K Reduce -5.9%
URI United Rentals Inc. 0.02% 361 $292K Add +5.6%
ED Consolidated Edison Inc. 0.02% 2,935 $292K No change
GEV GE Vernova Inc. 0.02% 441 $288K Reduce -12.7%
CTVA Corteva Inc. 0.02% 4,290 $288K Add +8.5%
AMT American Tower Corp. 0.02% 1,636 $287K Add +6.0%
NTR Nutrien Ltd. 0.02% 4,645 $287K No change
FERG Ferguson Enterprises Inc. 0.02% 1,284 $286K No change
GWW WW Grainger Inc. 0.02% 282 $285K Add +6.8%
QQQ Invesco QQQ Trust Series 1 0.02% 460 $283K Add +17.9%
M Macy's Inc. 0.02% 12,629 $278K No change
IQDG Wisdomtree Intl QLTY DVD GRW 0.02% 6,698 $278K Add +0.9%
FIS Fidelity National Info Serv 0.02% 4,152 $276K Add +18.4%
BX Blackstone Inc. 0.02% 1,790 $276K Add +6.1%
ALLY Ally Financial Inc. 0.02% 6,044 $274K No change
APD Air Products & Chemicals Inc. 0.02% 1,103 $272K Reduce -5.7%
MBB iShares MBS ETF 0.02% 2,850 $271K No change
CFG Citizens Financial Group 0.02% 4,630 $270K No change
MRNA Moderna Inc. 0.02% 9,129 $269K New
EA Electronic Arts Inc. 0.02% 1,316 $269K No change
OKE Oneok Inc. 0.02% 3,643 $268K Add +15.4%
ETR Entergy Corp. 0.02% 2,878 $266K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.02% 5,790 $266K No change
OVV Ovintiv Inc. 0.02% 6,769 $265K Add +15.7%
ISTB iShares Core 1-5 Year Usd Bo 0.02% 5,425 $264K No change
CME Cme Group Inc. 0.02% 955 $261K Add +5.5%
CEG Constellation Energy 0.02% 734 $259K No change
KSS Kohls Corp. 0.02% 12,700 $259K No change
SYY Sysco Corp. 0.02% 3,499 $258K No change
ORLY O'reilly Automotive Inc. 0.02% 2,770 $253K No change
GPN Global Payments Inc. 0.02% 3,226 $250K Add +16.5%
HIG Hartford Insurance Group Inc. 0.02% 1,809 $249K Reduce -7.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 2,370 $248K No change
CAH Cardinal Health Inc. 0.02% 1,200 $247K New
DINO HF Sinclair Corp. 0.02% 5,350 $247K No change
ICE Intercontinental Exchange Inc. 0.02% 1,512 $245K No change
EXPD Expeditors Intl Wash Inc. 0.02% 1,640 $244K New
AMP Ameriprise Financial Inc. 0.02% 493 $242K No change
CLF Cleveland-Cliffs Inc. 0.02% 18,185 $242K Add +6.0%
VRTX Vertex Pharmaceuticals Inc. 0.02% 532 $241K New
PEG Public Service Enterprise GP 0.02% 2,977 $239K Add +11.9%
FITB Fifth Third Bancorp 0.02% 5,092 $238K No change
IQV Iqvia Holdings Inc. 0.02% 1,052 $237K New
LNG Cheniere Energy Inc. 0.02% 1,220 $237K Add +16.5%
LH Labcorp Holdings Inc. 0.02% 941 $236K No change
RS Reliance Inc. 0.02% 814 $235K Add +12.3%
CCI Crown Castle Inc. 0.02% 2,636 $234K Add +8.8%
PCG P G & E Corp. 0.02% 14,516 $233K Add +27.1%
CEF Sprott Physical Gold and Sil 0.02% 4,822 $227K New
IP International Paper Co. 0.02% 5,762 $227K No change
MCHP Microchip Technology Inc. 0.02% 3,556 $227K Add +13.4%
PBF PBF Energy Inc. Class A 0.02% 8,290 $225K No change
ES Eversource Energy 0.02% 3,327 $224K No change
APA Apa Corp. 0.02% 9,240 $224K Add +7.9%
WY Weyerhaeuser Co. 0.02% 9,436 $224K Add +15.5%
SHW The Sherwin-Williams Co. 0.02% 689 $223K Add +10.4%
KVUE Kenvue Inc. 0.02% 12,916 $223K New
FE Firstenergy Corp. 0.02% 4,945 $221K No change
BLDR Builders Firstsource Inc. 0.02% 2,133 $219K Add +21.0%
MOS The Mosaic Co. 0.02% 9,077 $219K Add +11.2%
WELL Welltower Inc. 0.02% 1,169 $217K Reduce -8.3%
SPG Simon Property Group Inc. 0.02% 1,169 $216K No change
KDP Keurig Dr Pepper Inc. 0.02% 7,702 $216K New
JBL Jabil Inc. 0.02% 946 $216K No change
ROK Rockwell Automation Inc. 0.02% 549 $214K New
SNDK Sandisk Corp. 0.01% 896 $213K New
PPL PPL Corp. 0.01% 5,966 $209K Reduce -7.9%
CHRW C.H. Robinson Worldwide Inc. 0.01% 1,296 $208K New
KMB Kimberly-Clark Corp. 0.01% 2,064 $208K Add +14.9%
GEHC GE Healthcare Technology 0.01% 2,538 $208K Reduce -17.5%
PFG Principal Financial Group 0.01% 2,307 $204K Reduce -6.5%
WPM Wheaton Precious Metals Corp. 0.01% 1,720 $202K Reduce -21.4%
CTRA Coterra Energy Inc. 0.01% 7,658 $202K New
WAB Wabtec Corp. 0.01% 940 $201K New
PPG PPG Industries Inc. 0.01% 1,955 $200K New
AES AES Corp. 0.01% 12,806 $184K No change
HBAN Huntington Bancshares Inc. 0.01% 10,281 $178K No change
ACI Albertsons Cos Inc. Class A 0.01% 10,343 $178K New
ENVX Enovix Corp. 0.01% 17,808 $130K New
OGI Organigram Global Inc. 0.01% 72,056 $121K Add +32.0%
GT Goodyear Tire & Rubber Co. 0.01% 12,392 $109K Add +14.5%
NWL Newell Brands Inc. 0.01% 20,773 $77K Add +59.5%
HTZ Hertz Global Hldgs Inc. 0.00% 13,049 $67K No change
MPT Medical Properties Trust Inc. 0.00% 10,771 $54K No change
XRX Xerox Holdings Corp. 0.00% 20,186 $48K Add +39.2%
CYH Community Health Systems Inc. 0.00% 14,355 $45K No change

Portfolio Sells Q3 2025 → Q4 2025

RBA RB Global Inc. Reduce -53.1% 2.42% −1.98
RY Royal Bank of Canada Reduce -50.7% 3.54% −1.50
TD Toronto-Dominion Bank Reduce -64.4% 1.35% −1.25
GIB Cgi Inc. Reduce -64.4% 0.97% −1.16
FTS Fortis Inc. Reduce -44.2% 1.98% −0.83
WCN Waste Connections Inc. Reduce -58.6% 0.84% −0.81
OTEX Open Text Corp. Reduce -42.8% 1.28% −0.80
CIGI Colliers Intl GR-Subord Vot Reduce -67.1% 0.46% −0.74
TRI Thomson Reuters Corp. Reduce -63.9% 0.45% −0.74
QSR Restaurant Brands Intern Reduce -43.8% 1.87% −0.67
CNI Canadian Natl Railway Co. Reduce -40.5% 1.88% −0.56
STN Stantec Inc. Reduce -59.4% 0.42% −0.54
DSGX The Descartes Systems Grp Reduce -63.5% 0.34% −0.46
CM Can Imperial BK of Commerce Reduce -40.2% 1.95% −0.38
CP Canadian Pacific Kansas City Reduce -45.7% 0.59% −0.30
BMO Bank of Montreal Reduce -63.7% 0.20% −0.24
ZTS Zoetis Inc. Reduce -13.9% 0.91% −0.09
UBER Uber Technologies Inc. Reduce -10.3% 0.94% −0.08
GNTX Gentex Corp. Reduce -11.0% 0.66% −0.07
MKC McCormick & Co.-Non VTG SHRS Reduce -45.1% 0.14% −0.06
MELI MercadoLibre Inc. Reduce -9.6% 1.33% −0.06
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.05
IMO Imperial Oil Ltd. Sold out 0.00% −0.05
AWK American Water Works Co. Inc. Reduce -33.8% 0.14% −0.04
DCBO Docebo Inc. Sold out 0.00% −0.04
LSPD Lightspeed Commerce Inc. Sold out 0.00% −0.03
RCI Rogers Communications Inc. Class B Sold out 0.00% −0.02
BCE Bce Inc. Reduce -53.6% 0.03% −0.02
TU Telus Corp. Sold out 0.00% −0.02
VST Vistra Corp. Sold out 0.00% −0.01
BA The Boeing Co. Sold out 0.00% −0.01
FISV Fiserv Inc. Sold out 0.00% −0.01
DTE DTE Energy Company Sold out 0.00% −0.01
SHOP Shopify Inc. Class A Sold out 0.00% −0.01
CLS Celestica Inc. Sold out 0.00% −0.01
NRG NRG Energy Inc. Sold out 0.00% −0.01
EZU iShares MSCI Eurozone ETF Sold out 0.00% −0.01
PAYX Paychex Inc. Sold out 0.00% −0.01
MO Altria Group Inc. Reduce -23.7% 0.05% −0.01
LOW Lowe's Cos Inc. Reduce -24.5% 0.08% −0.01
ADBE Adobe Inc. Reduce -33.9% 0.04% −0.01
PM Philip Morris International Reduce -27.2% 0.07% −0.01
CRM Salesforce Inc. Reduce -38.0% 0.05% −0.01
RELX Relx PLC - Spon ADR Reduce -16.1% 0.04% −0.01
TRP TC Energy Corp. Reduce -21.2% 0.07% −0.00
WPM Wheaton Precious Metals Corp. Reduce -21.4% 0.01% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -18.6% 0.02% +0.00
APD Air Products & Chemicals Inc. Reduce -5.7% 0.02% +0.00
PPL PPL Corp. Reduce -7.9% 0.01% +0.00
SU Suncor Energy Inc. Reduce -19.9% 0.02% +0.00

Portfolio Buys Q3 2025 → Q4 2025

V Visa Inc. Class A Add +2.6% 3.39% +0.78
BGSI Boyd Group Services Inc. New 0.64% +0.64
TFII Tfi International Inc. New 0.34% +0.34
RIO Rio Tinto PLC-Spon ADR Add +0.2% 0.68% +0.23
MSI Motorola Solutions Inc. Add +21.1% 1.05% +0.21
AMZN Amazon.com Inc. Add +19.4% 0.44% +0.15
NGG National Grid PLC-SP ADR Add +17.9% 0.39% +0.14
CNQ Canadian Natural Resources Add +9.7% 0.40% +0.12
XOM Exxon Mobil Corp. Add +1.0% 0.41% +0.10
VIG Vanguard Dividend Apprec ETF Add +0.1% 0.49% +0.10
PBA Pembina Pipeline Corp. Add +0.8% 0.67% +0.10
URTH iShares MSCI World ETF New 0.10% +0.10
PRF Invesco Rafi US 1000 ETF Add +1.4% 0.39% +0.09
CVX Chevron Corp. Add +4.4% 0.31% +0.07
GM General Motors Co. Add +0.8% 0.16% +0.07
NEE Nextera Energy Inc. Add +17.3% 0.17% +0.06
UNH Unitedhealth Group Inc. Add +16.1% 0.21% +0.06
ACWI iShares MSCI Acwi ETF Add +172.4% 0.07% +0.05
EFA iShares MSCI Eafe ETF New 0.05% +0.05
MRK Merck & Co. Inc. Add +1.8% 0.13% +0.05
WBD Warner Bros Discovery Inc. Add +2.6% 0.09% +0.04
BMY Bristol-Myers Squibb Co. Add +11.0% 0.10% +0.04
GDX Vaneck Gold Miners ETF Add +72.7% 0.07% +0.04
PXF Invesco Rafi Developed Marke Add +1.8% 0.14% +0.04
F Ford Motor Co. Add +4.7% 0.10% +0.03
VZ Verizon Communications Inc. Add +2.8% 0.20% +0.03
ELV Elevance Health Inc. Add +8.0% 0.09% +0.03
META Meta Platforms Inc. Class A Add +0.0% 0.27% +0.03
UPS United Parcel Service Class B Add +11.0% 0.07% +0.03
BIZD Vaneck BDC Income ETF New 0.02% +0.02
FDX FedEx Corp. Add +4.9% 0.07% +0.02
COST Costco Wholesale Corp. Add +4.9% 0.13% +0.02
CI The Cigna Group Add +10.0% 0.10% +0.02
PEP Pepsico Inc. Add +4.1% 0.09% +0.02
SHLS Shoals Technologies Group -A Add +6.4% 0.06% +0.02
ACN Accenture PLC Class A Add +14.6% 0.06% +0.02
CNC Centene Corp. Add +16.6% 0.05% +0.02
OMC Omnicom Group New 0.02% +0.02
TGT Target Corp. Add +11.9% 0.06% +0.02
MRNA Moderna Inc. New 0.02% +0.02
NUE Nucor Corp. Add +2.1% 0.05% +0.02
CAH Cardinal Health Inc. New 0.02% +0.02
EXPD Expeditors Intl Wash Inc. New 0.02% +0.02
DIS The Walt Disney Co. Add +5.6% 0.08% +0.02
VRTX Vertex Pharmaceuticals Inc. New 0.02% +0.02
IQV Iqvia Holdings Inc. New 0.02% +0.02
CEF Sprott Physical Gold and Sil New 0.02% +0.02
DE Deere & Co. Add +3.2% 0.07% +0.02
KVUE Kenvue Inc. New 0.02% +0.02
GLD SPDR Gold Shares Add +1.0% 0.06% +0.02

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