Cidel Asset Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 17, 2026), Cidel Asset Management Inc. reported 435 stock positions worth $1.8 billion. Its top holding was Royal Bank of Canada (RY) at 4.9% of the portfolio, followed by RB Global (RBA, 3.1%) and Astrazeneca (AZN, 3.0%). Compared with Q4 2025, it opened 75 new positions, sold out of 5, added to 294 and reduced 39. The biggest buy was Toronto-Dominion Bank (TD, shares +184%) and the biggest sale Microsoft (MSFT, shares −20%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001621915
Portfolio Value
$1.8B (Q1 2026)
SEC Filing
0001621915-26-000002 ↗ filed Apr 17, 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 Q4 2025 Q1 2026: $1.8B $1.8B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 435 stocks · $1.8B

RY Royal Bank of Canada 4.87% 553,471 $89.2M Add +88.7%
RBA RB Global Inc. 3.13% 599,791 $57.3M Add +80.4%
AZN Astrazeneca PLC 3.01% 279,490 $55.1M Reduce -0.6%
FTS Fortis Inc. 2.98% 981,216 $54.6M Add +82.5%
TD Toronto-Dominion Bank 2.91% 572,742 $53.3M Add +184.1%
CNI Canadian Natl Railway Co. 2.89% 515,357 $52.9M Add +92.4%
QSR Restaurant Brands Intern 2.79% 693,116 $51.1M Add +79.3%
AAPL Apple Inc. 2.68% 193,373 $49.1M Add +150.8%
MSFT Microsoft Corp. 2.53% 125,188 $46.3M Reduce -20.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 2.52% 489,753 $46.3M Add +61.1%
ABT Abbott Laboratories 2.31% 412,395 $42.3M Add +28.0%
NVDA Nvidia Corp. 2.15% 225,481 $39.3M Add +29.2%
V Visa Inc. Class A 2.08% 126,421 $38.2M Reduce -7.5%
J Jacobs Solutions Inc. 2.01% 289,641 $36.9M Reduce -6.7%
CP Canadian Pacific Kansas City 1.70% 398,325 $31.2M Add +249.8%
CMS CMS Energy Corp. 1.69% 398,132 $30.9M Add +16.5%
WCN Waste Connections Inc. 1.68% 190,066 $30.8M Add +180.5%
WTW Willis Towers Watson PLC 1.60% 100,725 $29.3M Reduce -22.6%
MAR Marriott International Class A 1.53% 86,003 $28.1M Add +7.8%
COP Conocophillips 1.52% 211,202 $27.9M Add +41.6%
JPM JPMorgan Chase & Co. 1.51% 93,986 $27.6M Add +10.6%
CL Colgate-Palmolive Co. 1.49% 320,907 $27.4M Add +6.5%
WEC WEC Energy Group Inc. 1.38% 217,803 $25.2M Add +7.3%
SAP Sap SE-Sponsored ADR 1.34% 143,756 $24.6M Add +12.4%
AMZN Amazon.com Inc. 1.32% 116,311 $24.2M Add +335.4%
GIB Cgi Inc. 1.31% 330,213 $24.1M Add +122.6%
CBOE Cboe Global Markets Inc. 1.22% 79,369 $22.3M Add +11.8%
AQN Algonquin Power & Utilities 1.18% 3,535,918 $21.6M Add +42.1%
BGSI Boyd Group Services Inc. 1.06% 152,909 $19.5M Add +169.6%
MSI Motorola Solutions Inc. 1.02% 43,221 $18.8M Add +11.3%
LLY Eli Lilly & Co. 0.99% 19,668 $18.1M Reduce -21.7%
ZTS Zoetis Inc. 0.97% 149,895 $17.7M Add +47.1%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 0.96% 130,608 $17.6M Add +513.3%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.91% 619,812 $16.7M Add +8.8%
WM Waste Management Inc. 0.88% 70,291 $16.2M Add +4160.1%
RSP Invesco S&P 500 Equal Weight 0.82% 78,090 $15.0M No change
MFC Manulife Financial Corp. 0.78% 416,206 $14.3M Add +1.3%
GNTX Gentex Corp. 0.77% 647,425 $14.1M Add +61.4%
STN Stantec Inc. 0.77% 163,724 $14.1M Add +159.0%
CIGI Colliers Intl GR-Subord Vot 0.74% 127,860 $13.6M Add +189.4%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.74% 10,277 $13.6M Reduce -24.6%
PG The Procter & Gamble Co. 0.73% 92,525 $13.4M Add +26.7%
STGW Stagwell Inc. 0.70% 2,039,680 $12.8M No change
NFLX Netflix Inc. 0.66% 126,545 $12.2M Add +1449.1%
AMD Advanced Micro Devices 0.62% 56,073 $11.4M Add +2152.8%
PBA Pembina Pipeline Corp. 0.61% 251,656 $11.2M Add +1.0%
RIO Rio Tinto PLC-Spon ADR 0.61% 120,181 $11.2M Reduce -0.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 0.61% 161,500 $11.2M Add +11.4%
LULU Lululemon Athletica Inc. 0.60% 72,300 $11.1M New
GOOGL Alphabet Inc. Class A 0.58% 37,248 $10.7M Add +11.8%
VOO Vanguard S&P 500 ETF 0.54% 16,702 $10.0M Add +71.1%
TRI Thomson Reuters Corp. 0.53% 107,248 $9.6M Add +122.1%
XOM Exxon Mobil Corp. 0.51% 55,452 $9.4M Add +15.1%
SU Suncor Energy Inc. 0.50% 139,288 $9.2M Add +1673.2%
DSGX The Descartes Systems Grp 0.47% 121,304 $8.7M Add +124.4%
GOOG Alphabet Inc. Class C 0.45% 28,660 $8.2M Add +9.2%
TSLA Tesla Inc. 0.44% 21,882 $8.1M Add +2.5%
CCJ Cameco Corp. 0.44% 75,000 $8.1M No change
CNQ Canadian Natural Resources 0.44% 164,393 $8.0M Reduce -1.8%
DRI Darden Restaurants Inc. 0.44% 40,737 $8.0M New
BRK.A Berkshire Hathaway Inc. Class A 0.39% 10 $7.2M No change
CVX Chevron Corp. 0.38% 33,325 $6.9M Add +14.9%
MU Micron Technology Inc. 0.36% 19,690 $6.7M Reduce -1.8%
NGG National Grid PLC-SP ADR 0.34% 74,718 $6.3M Add +5.0%
VEA Vanguard Ftse Developed ETF 0.34% 96,345 $6.2M Reduce -1.9%
VIG Vanguard Dividend Apprec ETF 0.33% 28,070 $6.0M Reduce -10.6%
BRK.B Berkshire Hathaway Inc. Class B 0.31% 11,717 $5.6M Add +16.8%
PRF Invesco Rafi US 1000 ETF 0.30% 115,924 $5.5M Reduce -0.9%
TFII Tfi International Inc. filed as TRANSFORCE INC 0.28% 48,078 $5.2M Add +3.9%
HLN Haleon PLC-ADR 0.26% 473,692 $4.7M Add +30.0%
META Meta Platforms Inc. Class A 0.24% 7,785 $4.5M Add +34.1%
FNDX Schwab Fndmntl US LRG Co. ETF 0.24% 155,097 $4.3M No change
VZ Verizon Communications Inc. 0.22% 80,225 $4.0M Add +18.0%
WMT Walmart Inc. 0.22% 32,012 $4.0M Add +18.2%
HUBB Hubbell Inc. 0.22% 8,091 $4.0M New
JNJ Johnson & Johnson 0.21% 16,123 $3.9M Add +10.6%
INTC Intel Corp. 0.21% 86,945 $3.8M Add +3.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 75,449 $3.7M Add +15.3%
UNH Unitedhealth Group Inc. 0.19% 12,757 $3.5M Add +38.8%
T AT&T Inc. 0.18% 115,403 $3.3M Add +18.6%
IVV iShares Core S&P 500 ETF 0.18% 5,009 $3.3M No change
NEE Nextera Energy Inc. 0.17% 34,499 $3.2M Add +18.2%
MELI MercadoLibre Inc. 0.17% 1,799 $3.1M Reduce -80.7%
WFC Wells Fargo & Co. 0.17% 38,768 $3.1M Add +14.1%
AWK American Water Works Co. Inc. 0.16% 21,706 $3.0M Add +45.2%
CVS CVS Health Corp. 0.16% 39,565 $2.8M Add +16.0%
CMCSA Comcast Corp. Class A 0.15% 98,116 $2.8M Add +52.0%
C Citigroup Inc. 0.15% 24,684 $2.8M Add +9.7%
AEM Agnico Eagle Mines Ltd. 0.15% 13,740 $2.8M Add +3.3%
COST Costco Wholesale Corp. 0.15% 2,686 $2.7M Add +22.3%
PFE Pfizer Inc. 0.14% 94,241 $2.6M Add +20.9%
ENB Enbridge Inc. 0.14% 48,768 $2.6M Add +5.8%
VLO Valero Energy Corp. 0.13% 9,994 $2.5M Add +12.1%
MPC Marathon Petroleum Corp. 0.13% 9,835 $2.4M Add +14.9%
MRK Merck & Co. Inc. 0.13% 19,652 $2.4M Add +15.2%
CSCO Cisco Systems Inc. 0.13% 30,292 $2.4M Add +12.1%
GM General Motors Co. 0.13% 30,939 $2.3M Add +8.5%
MKC McCormick & Co.-Non VTG SHRS 0.11% 41,138 $2.1M Add +41.6%
HD Home Depot Inc. 0.11% 6,170 $2.0M Add +22.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 8,297 $2.0M Add +13.2%
PXF Invesco Rafi Developed Marke 0.11% 28,645 $2.0M Reduce -5.4%
BMY Bristol-Myers Squibb Co. 0.11% 32,697 $2.0M Add +20.4%
ABBV Abbvie Inc. 0.11% 8,928 $1.9M Add +19.3%
UNP Union Pacific Corp. 0.10% 7,682 $1.9M Reduce -90.2%
APH Amphenol Corp. Class A 0.10% 14,629 $1.8M Reduce -3.3%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.10% 36,535 $1.8M No change
PSX Phillips 66 0.10% 9,792 $1.8M Add +17.4%
SCHW Schwab (charles) Corp. 0.10% 18,969 $1.8M Add +5.2%
GS Goldman Sachs Group Inc. 0.09% 2,038 $1.7M Add +13.9%
CAT Caterpillar Inc. 0.09% 2,426 $1.7M Add +3.6%
GDX Vaneck Gold Miners ETF 0.09% 18,504 $1.7M Add +65.0%
CI The Cigna Group 0.09% 6,345 $1.7M Add +25.2%
PEP Pepsico Inc. 0.09% 10,870 $1.7M Add +18.3%
ADI Analog Devices Inc. 0.09% 5,055 $1.6M Add +113.5%
RTX RTX Corp. 0.09% 8,307 $1.6M Add +13.6%
AVGO Broadcom Inc. 0.09% 5,115 $1.6M Add +15.4%
SLF Sun Life Financial Inc. 0.08% 24,773 $1.5M Reduce -6.8%
VTI VG Morningstar TS MKT ETF-US 0.08% 4,750 $1.5M No change
PM Philip Morris International 0.08% 9,014 $1.5M Add +50.9%
COF Capital One Financial Corp. 0.08% 7,989 $1.5M Add +12.7%
GLD SPDR Gold Shares 0.08% 3,368 $1.4M Add +69.8%
LMT Lockheed Martin Corp. 0.08% 2,369 $1.4M Add +9.3%
F Ford Motor Co. filed as FORD MTR CO 0.08% 123,209 $1.4M Add +11.0%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 5,334 $1.4M Reduce -1.6%
TGT Target Corp. 0.08% 11,512 $1.4M Add +25.9%
ELV Elevance Health Inc. 0.07% 4,690 $1.4M Add +27.9%
TSM Taiwan Semiconductor-SP ADR 0.07% 4,050 $1.4M Add +2.1%
AMGN Amgen Inc. 0.07% 3,794 $1.3M Add +15.4%
DE Deere & Co. 0.07% 2,363 $1.3M Add +11.5%
AMAT Applied Materials Inc. 0.07% 3,830 $1.3M Add +6.6%
FDX FedEx Corp. 0.07% 3,664 $1.3M Add +13.9%
LOW Lowe's Cos Inc. 0.07% 5,465 $1.3M Add +19.1%
DOW Dow Inc. filed as DOW HLDGS INC 0.07% 30,839 $1.3M Add +26.6%
KO The Coca-Cola Co. 0.07% 16,517 $1.3M Add +17.9%
WBD Warner Bros Discovery Inc. 0.07% 45,205 $1.2M Add +3.0%
MO Altria Group Inc. 0.07% 18,731 $1.2M Add +45.7%
EWJ iShares MSCI Japan ETF 0.07% 14,480 $1.2M Reduce -2.3%
MS Morgan Stanley 0.07% 7,289 $1.2M Add +16.1%
GILD Gilead Sciences Inc. 0.06% 8,486 $1.2M Add +14.8%
URTH iShares MSCI World ETF 0.06% 6,563 $1.2M Reduce -11.4%
IMO Imperial Oil Ltd. 0.06% 9,000 $1.2M New
ADM Archer-Daniels-Midland Co. 0.06% 15,892 $1.2M Add +15.1%
SHV iShares 0-1 Year Treasury Bo 0.06% 10,449 $1.2M No change
UPS United Parcel Service Class B 0.06% 11,707 $1.2M Add +22.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 11,769 $1.1M Add +24.8%
EOG EOG Resources Inc. 0.06% 7,807 $1.1M Add +27.6%
TRP TC Energy Corp. 0.06% 18,036 $1.1M Add +8.0%
MCD McDonald's Corp. 0.06% 3,593 $1.1M Add +17.2%
IEMG iShares Core MSCI Emerging 0.06% 15,335 $1.1M New
NEM Newmont Corp. 0.06% 9,701 $1.1M Reduce -1.2%
TMO Thermo Fisher Scientific Inc. 0.06% 2,054 $1.0M Add +24.5%
MDT Medtronic PLC 0.05% 11,452 $992K Add +20.0%
LRCX Lam Research Corp. 0.05% 4,577 $978K Reduce -0.8%
HON Honeywell International Inc. 0.05% 4,305 $973K Add +15.2%
QCOM Qualcomm Inc. 0.05% 7,426 $956K Add +31.2%
TXN Texas Instruments Inc. 0.05% 4,899 $951K Add +19.1%
ACN Accenture PLC Class A 0.05% 4,793 $950K Add +46.4%
DUK Duke Energy Corp. 0.05% 7,246 $949K Add +19.8%
NUE Nucor Corp. 0.05% 5,524 $934K Add +16.3%
EMA Emera Inc. 0.05% 17,895 $925K Reduce -18.3%
ORCL Oracle Corp. 0.05% 6,251 $920K Add +30.9%
KR Kroger Co. 0.05% 12,484 $903K Add +21.4%
MA Mastercard Inc. Class A 0.05% 1,791 $895K Add +41.5%
AXP American Express Co. 0.05% 2,879 $871K Add +17.6%
VGK Vanguard Ftse Europe ETF 0.05% 10,490 $865K Reduce -2.5%
SHLS Shoals Technologies Group -A 0.05% 131,340 $864K Add +21.7%
EXE Expand Energy Corp. 0.05% 7,865 $863K Add +5.7%
USB US Bancorp 0.05% 16,307 $848K Add +14.1%
SLB SLB Ltd. filed as SLB LIMITED 0.05% 16,409 $843K Add +15.5%
AIG American International Group 0.05% 11,037 $831K Add +23.2%
GD General Dynamics Corp. 0.05% 2,411 $828K Add +8.8%
AGG iShares Core U.S. Aggregate 0.05% 8,318 $826K No change
OXY Occidental Petroleum Corp. 0.04% 12,671 $824K Add +22.6%
CNC Centene Corp. 0.04% 25,050 $820K Add +33.9%
CHTR Charter Communications Inc. Class A 0.04% 3,725 $804K Add +35.1%
HAL Halliburton Co. 0.04% 20,305 $792K Add +75.5%
LYB Lyondellbasell Indu Class A 0.04% 9,803 $790K Add +30.6%
SO The Southern Co. 0.04% 8,102 $782K Add +22.1%
CSX CSX Corp. 0.04% 18,722 $769K Add +16.4%
B Barrick Mining Corp. 0.04% 18,500 $754K No change
CB Chubb Ltd. 0.04% 2,294 $748K Add +14.5%
MDLZ Mondelez International Inc. Class A 0.04% 12,969 $748K Add +24.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.04% 1,134 $737K Add +71.6%
EFA iShares MSCI Eafe ETF 0.04% 7,500 $728K No change
NOC Northrop Grumman Corp. 0.04% 1,041 $710K Add +9.7%
DVN Devon Energy Corp. 0.04% 14,098 $709K Add +19.1%
PNC PNC Financial Services Group 0.04% 3,401 $708K Add +16.7%
TT Trane Technologies PLC 0.04% 10,717 $704K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 4,394 $702K Add +16.8%
HCA HCA Healthcare Inc. 0.04% 1,467 $694K Add +7.3%
BG Bunge Global SA 0.04% 5,397 $687K New
TMUS T-Mobile US Inc. 0.04% 3,180 $668K Add +37.1%
HUM Humana Inc. 0.04% 3,842 $666K Add +35.7%
BLK BlackRock Inc. 0.04% 687 $661K Add +15.7%
CRM Salesforce Inc. 0.04% 3,487 $651K Add +42.3%
TFC Truist Financial Corp. 0.04% 14,135 $650K Add +19.1%
UBER Uber Technologies Inc. 0.04% 8,979 $646K Reduce -94.5%
SBUX Starbucks Corp. 0.04% 7,207 $646K Add +20.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 5,428 $644K Add +14.7%
SYK Stryker Corp. 0.03% 1,945 $639K Add +11.3%
FCX Freeport-McMoran Inc. 0.03% 10,782 $634K Add +10.9%
NKE Nike Inc. Class B 0.03% 11,953 $631K Add +28.9%
MMM 3M Co. 0.03% 4,339 $630K Add +14.5%
USMV iShares MSCI USA Min Vol Fac 0.03% 6,760 $627K No change
BCE Bce Inc. 0.03% 24,663 $620K Add +52.5%
FNV Franco-Nevada Corp. 0.03% 2,502 $618K Reduce -1.5%
ADBE Adobe Inc. 0.03% 2,524 $614K Add +62.6%
KMI Kinder Morgan Inc. 0.03% 18,269 $613K Add +18.8%
SYF Synchrony Financial 0.03% 8,976 $611K Add +19.1%
TSN Tyson Foods Inc. Class A 0.03% 9,477 $607K Add +19.1%
QQQM Invesco Nasdaq 100 ETF 0.03% 2,540 $604K Reduce -0.5%
LHX L3HARRIS Technologies Inc. 0.03% 1,702 $587K Add +4.8%
GE General Electric filed as GE AEROSPACE 0.03% 2,047 $581K Add +6.9%
HPE Hewlett Packard Enterprise 0.03% 24,382 $581K Add +21.6%
D Dominion Energy Inc. 0.03% 9,046 $559K Add +22.0%
DHR Danaher Corp. 0.03% 2,946 $559K Add +22.9%
NSC Norfolk Southern Corp. 0.03% 1,942 $557K Add +11.8%
REGN Regeneron Pharmaceuticals 0.03% 719 $556K Add +22.1%
LUMN Lumen Technologies Inc. 0.03% 79,132 $550K Add +4.1%
AEP American Electric Power 0.03% 4,165 $546K Add +17.3%
NXT Nextpower Inc. 0.03% 4,523 $545K New
EBAY eBay Inc. 0.03% 5,980 $544K Add +13.5%
DHI D.R. Horton Inc. 0.03% 3,965 $544K Add +19.1%
ALL Allstate Corp. 0.03% 2,588 $537K Add +19.1%
MRNA Moderna Inc. 0.03% 10,463 $532K Add +14.6%
AFL Aflac Inc. 0.03% 4,828 $530K Add +21.8%
SNDK Sandisk Corp. 0.03% 831 $528K Reduce -7.3%
GLW Corning Inc. 0.03% 3,875 $527K Reduce -1.4%
EXC Exelon Corp. 0.03% 10,720 $525K Add +19.1%
PCAR Paccar Inc. 0.03% 4,525 $523K Add +19.1%
FNDA Schwab Fndmntl US SM Co. ETF 0.03% 16,091 $522K No change
TRV The Travelers Cos Inc. 0.03% 1,788 $522K Add +19.1%
WDC Western Digital Corp. 0.03% 1,910 $517K Reduce -13.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 4,726 $515K Reduce -8.7%
CMI Cummins Inc. 0.03% 937 $504K Add +10.4%
MET Metlife Inc. 0.03% 7,102 $502K Add +24.6%
GEV GE Vernova Inc. 0.03% 572 $499K Add +29.7%
BKR Baker Hughes Co. 0.03% 8,146 $497K Add +14.0%
OVV Ovintiv Inc. 0.03% 8,307 $493K Add +22.7%
KLAC KLA Corp. 0.03% 330 $486K Add +6.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,475 $486K No change
DG Dollar General Corp. 0.03% 4,083 $485K Add +4.1%
BKNG Booking Holdings Inc. 0.03% 115 $484K Add +33.7%
WMB Williams Cos Inc. 0.03% 6,645 $484K Add +16.8%
ROST Ross Stores Inc. 0.03% 2,211 $479K Add +7.5%
PGR Progressive Corp. 0.03% 2,369 $470K Add +36.8%
APA Apa Corp. 0.03% 11,007 $466K Add +19.1%
SPGI S&P Global Inc. 0.03% 1,095 $466K Add +36.4%
GLXY Galaxy Digital Inc. Class A 0.03% 25,011 $461K No change
PYPL PayPal Holdings Inc. 0.03% 10,190 $461K Add +48.3%
STLD Steel Dynamics Inc. 0.03% 2,552 $459K Add +17.0%
PBF PBF Energy Inc. Class A 0.02% 9,494 $452K Add +14.5%
MCK McKesson Corp. 0.02% 521 $451K Add +10.8%
VTRS Viatris Inc. 0.02% 33,357 $451K Add +15.7%
EMR Emerson Electric Co. 0.02% 3,435 $450K Add +20.6%
LNG Cheniere Energy Inc. 0.02% 1,592 $450K Add +30.5%
HPQ HP Inc. 0.02% 23,304 $448K Add +42.9%
BDX Becton Dickinson and Co. 0.02% 2,844 $447K Add +22.6%
CTSH Cognizant Tech Solutions-A 0.02% 7,284 $447K Add +31.6%
DGRW Wisdomtree U.S. Quality Divi 0.02% 5,080 $446K No change
BE Bloom Energy Corp. Class A 0.02% 3,281 $445K New
Q Qnity Electronics Inc. 0.02% 3,852 $444K Add +1.7%
GIS General Mills Inc. 0.02% 11,885 $442K Add +22.1%
SRE Sempra 0.02% 4,513 $439K Add +23.3%
IYW iShares Ustechnology ETF 0.02% 2,400 $435K No change
FITB Fifth Third Bancorp 0.02% 9,364 $435K Add +83.9%
KHC The Kraft Heinz Co. 0.02% 19,235 $433K Add +29.2%
EIX Edison International 0.02% 5,910 $432K Add +13.9%
ITW Illinois Tool Works 0.02% 1,654 $431K Add +21.8%
RCI Rogers Communications Inc. Class B 0.02% 11,193 $429K New
CTVA Corteva Inc. 0.02% 5,110 $428K Add +19.1%
OKE Oneok Inc. 0.02% 4,679 $423K Add +28.4%
STT State Street Corp. 0.02% 3,337 $422K Add +14.1%
JCI Johnson Controls Internation 0.02% 3,222 $422K Add +7.2%
STX Seagate Technology Holdings 0.02% 1,044 $409K New
APD Air Products & Chemicals Inc. 0.02% 1,392 $404K Add +26.2%
PRU Prudential Financial Inc. 0.02% 4,117 $402K Add +18.6%
ED Consolidated Edison Inc. 0.02% 3,493 $395K Add +19.0%
DINO HF Sinclair Corp. 0.02% 6,298 $393K Add +17.7%
PLD Prologis Inc. 0.02% 2,956 $391K Add +19.1%
BIIB Biogen Inc. 0.02% 2,129 $390K Add +9.8%
RELX Relx PLC - Spon ADR 0.02% 11,724 $389K Reduce -10.7%
BBY Best Buy Co. Inc. 0.02% 6,036 $388K Add +29.0%
ACWI iShares MSCI Acwi ETF 0.02% 2,745 $380K Reduce -61.9%
ETR Entergy Corp. 0.02% 3,332 $374K Add +15.8%
COPX Global X Copper Miners ETF 0.02% 4,900 $374K New
OTEX Open Text Corp. 0.02% 16,812 $374K Reduce -97.0%
DD Dupont DE Nemours Inc. 0.02% 8,108 $371K Add +7.1%
LEN Lennar Corp. Class A 0.02% 4,216 $366K Add +25.6%
PWR Quanta Services Inc. 0.02% 666 $366K New
CF CF Industries Holdings Inc. 0.02% 2,811 $365K New
XEL Xcel Energy Inc. 0.02% 4,543 $361K Add +13.8%
PHM Pultegroup Inc. 0.02% 3,000 $353K Add +18.0%
AMT American Tower Corp. 0.02% 2,025 $349K Add +23.8%
FERG Ferguson Enterprises Inc. 0.02% 1,485 $346K Add +15.7%
GWW WW Grainger Inc. 0.02% 317 $346K Add +12.4%
NTR Nutrien Ltd. 0.02% 4,576 $344K Reduce -1.5%
PH Parker Hannifin Corp. 0.02% 376 $337K Add +12.9%
HWM Howmet Aerospace Inc. 0.02% 1,458 $336K New
CME Cme Group Inc. 0.02% 1,137 $336K Add +19.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 3,719 $335K Add +26.4%
COR Cencora Inc. 0.02% 1,058 $332K Add +13.8%
ADP Automatic Data Processing 0.02% 1,617 $329K Add +40.2%
ZIM Zim Integrated Shipping Serv 0.02% 12,388 $326K New
PCG P G & E Corp. 0.02% 18,509 $325K Add +27.5%
CTRA Coterra Energy Inc. 0.02% 9,123 $321K Add +19.1%
EEM iShares MSCI Emerging Market 0.02% 5,633 $320K New
OMC Omnicom Group 0.02% 4,160 $313K Add +10.9%
BTG B2GOLD Corp. 0.02% 69,000 $312K No change
ICE Intercontinental Exchange Inc. 0.02% 1,973 $310K Add +30.5%
DLTR Dollar Tree Inc. 0.02% 2,829 $310K Add +2.6%
FISV Fiserv Inc. 0.02% 5,548 $309K New
SYY Sysco Corp. 0.02% 4,329 $309K Add +23.7%
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 3,360 $308K Reduce -12.9%
LH Labcorp Holdings Inc. 0.02% 1,152 $307K Add +22.4%
ARM Arm Holdings PLC-ADR 0.02% 2,019 $305K New
CFG Citizens Financial Group 0.02% 5,088 $305K Add +9.9%
VRTX Vertex Pharmaceuticals Inc. 0.02% 679 $303K Add +27.6%
URI United Rentals Inc. 0.02% 415 $302K Add +15.0%
ORLY O'reilly Automotive Inc. 0.02% 3,233 $298K Add +16.7%
ALLY Ally Financial Inc. 0.02% 7,521 $295K Add +24.4%
RS Reliance Inc. 0.02% 970 $295K Add +19.2%
FE Firstenergy Corp. 0.02% 5,792 $293K Add +17.1%
INTU Intuit Inc. 0.02% 676 $292K Add +50.9%
HIG Hartford Insurance Group Inc. 0.02% 2,154 $291K Add +19.1%
CBRE CBRE Group Inc. Class A 0.02% 2,148 $291K Add +17.6%
WY Weyerhaeuser Co. 0.02% 11,896 $291K Add +26.1%
AMP Ameriprise Financial Inc. 0.02% 652 $290K Add +32.3%
FIS Fidelity National Info Serv 0.02% 6,152 $289K Add +48.2%
EA Electronic Arts Inc. 0.02% 1,413 $288K Add +7.4%
PEG Public Service Enterprise GP 0.02% 3,546 $287K Add +19.1%
KVUE Kenvue Inc. 0.02% 16,213 $280K Add +25.5%
GPN Global Payments Inc. 0.02% 4,147 $279K Add +28.6%
WAB Wabtec Corp. 0.02% 1,111 $278K Add +18.2%
TRGP Targa Resources Corp. 0.02% 1,102 $276K New
MOS The Mosaic Co. 0.01% 10,813 $276K Add +19.1%
BX Blackstone Inc. 0.01% 2,375 $273K Add +32.7%
SHOP Shopify Inc. Class A 0.01% 2,296 $272K New
PPL PPL Corp. 0.01% 7,106 $271K Add +19.1%
MBB iShares MBS ETF 0.01% 2,850 $271K No change
KDP Keurig Dr Pepper Inc. 0.01% 10,272 $270K Add +33.4%
EXPD Expeditors Intl Wash Inc. 0.01% 1,887 $270K Add +15.1%
IQDG Wisdomtree Intl QLTY DVD GRW 0.01% 6,698 $269K No change
DELL Dell Technologies -C 0.01% 1,638 $269K New
FANG Diamondback Energy Inc. 0.01% 1,354 $268K New
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.01% 5,790 $266K No change
QQQ Invesco QQQ Trust Series 1 0.01% 460 $266K No change
ES Eversource Energy 0.01% 3,830 $265K Add +15.1%
IP International Paper Co. 0.01% 7,425 $265K Add +28.9%
WELL Welltower Inc. 0.01% 1,336 $264K Add +14.3%
JBL Jabil Inc. 0.01% 991 $263K Add +4.8%
CCI Crown Castle Inc. 0.01% 3,236 $263K Add +22.8%
ISTB iShares Core 1-5 Year Usd Bo 0.01% 5,425 $263K No change
MCHP Microchip Technology Inc. 0.01% 4,056 $262K Add +14.1%
DTE DTE Energy Company 0.01% 1,788 $261K New
TER Teradyne Inc. 0.01% 878 $260K New
DLR Digital Realty Trust Inc. 0.01% 1,443 $260K New
SNX TD Synnex Corp. 0.01% 1,539 $260K New
KMB Kimberly-Clark Corp. 0.01% 2,680 $259K Add +29.8%
AA Alcoa Corp. 0.01% 3,892 $258K New
CAH Cardinal Health Inc. 0.01% 1,220 $258K Add +1.7%
STZ Constellation Brands Inc. Class A 0.01% 1,712 $257K New
SPG Simon Property Group Inc. 0.01% 1,370 $256K Add +17.2%
ARW Arrow Electronics Inc. 0.01% 1,781 $255K New
SHW The Sherwin-Williams Co. 0.01% 795 $255K Add +15.4%
CARR Carrier Global Corp. 0.01% 4,510 $254K New
M Macy's Inc. 0.01% 14,036 $254K Add +11.1%
BN Brookfield Corp. 0.01% 6,267 $253K Reduce -28.1%
PPG PPG Industries Inc. 0.01% 2,328 $249K Add +19.1%
EQIX Equinix Inc. 0.01% 253 $248K New
PFG Principal Financial Group 0.01% 2,748 $248K Add +19.1%
USFD US Foods Holding Corp. 0.01% 2,677 $247K New
SOBO South Bow Corp. 0.01% 7,429 $246K New
AVT Avnet Inc. 0.01% 3,937 $243K New
RDDT Reddit Inc. Class A 0.01% 1,800 $242K New
CEF Sprott Physical Gold and Sil 0.01% 4,822 $241K No change
CIEN Ciena Corp. 0.01% 619 $240K New
CE Celanese Corp. 0.01% 3,648 $240K New
EQT Eqt Corp. 0.01% 3,765 $240K New
HBAN Huntington Bancshares Inc. 0.01% 15,221 $238K Add +48.0%
CEG Constellation Energy 0.01% 847 $237K Add +15.4%
MTB M & T Bank Corp. filed as M & T BK CORP 0.01% 1,135 $235K New
BLDR Builders Firstsource Inc. 0.01% 2,841 $234K Add +33.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.01% 1,075 $234K Reduce -24.6%
CHRW C.H. Robinson Worldwide Inc. 0.01% 1,406 $233K Add +8.5%
IBIT iShares Bitcoin Trust ETF 0.01% 6,060 $233K Add +1.5%
LEA Lear Corp. 0.01% 1,918 $232K New
IQV Iqvia Holdings Inc. 0.01% 1,345 $229K Add +27.9%
ALB Albemarle Corp. 0.01% 1,277 $229K New
KEYS Keysight Technologies Inc. 0.01% 810 $229K New
ACI Albertsons Cos Inc. Class A 0.01% 13,411 $229K Add +29.7%
PPLT Abrdn Physical Platinum SHRS 0.01% 1,266 $226K New
VST Vistra Corp. 0.01% 1,498 $225K New
WPM Wheaton Precious Metals Corp. 0.01% 1,720 $225K No change
BWA Borgwarner Inc. 0.01% 4,125 $224K New
GEHC GE Healthcare Technology 0.01% 3,141 $224K Add +23.8%
ECL Ecolab Inc. 0.01% 840 $223K New
ON On Semiconductor 0.01% 3,598 $223K New
RF Regions Financial Corp. 0.01% 8,483 $222K New
FAST Fastenal Co. 0.01% 4,757 $221K New
EMN Eastman Chemical Co. 0.01% 2,868 $219K New
YUM Yum! Brands Inc. 0.01% 1,407 $219K New
CNP Centerpoint Energy Inc. 0.01% 4,991 $215K New
SWK Stanley Black & Decker Inc. 0.01% 3,024 $215K New
JBHT Hunt (jb) Transprt SVCS Inc. 0.01% 1,009 $214K New
ODFL Old Dominion Freight Line 0.01% 1,091 $213K New
EVRG Evergy Inc. 0.01% 2,596 $213K New
OLN Olin Corp. 0.01% 7,140 $212K New
AES AES Corp. 0.01% 14,897 $210K Add +16.3%
DGX Quest Diagnostics Inc. 0.01% 1,069 $210K New
AEE Ameren Corporation 0.01% 1,894 $208K New
ROK Rockwell Automation Inc. 0.01% 574 $206K Add +4.5%
NVR NVR Inc. 0.01% 31 $204K New
BALL Ball Corp. 0.01% 3,442 $203K New
PFGC Performance Food Group Co. 0.01% 2,372 $203K New
TPR Tapestry Inc. 0.01% 1,439 $203K New
NTRS Northern Trust Corp. 0.01% 1,454 $203K New
PAYX Paychex Inc. 0.01% 2,196 $202K New
FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 0.01% 3,072 $201K New
CAG Conagra Brands Inc. 0.01% 11,870 $187K New
CLF Cleveland-Cliffs Inc. 0.01% 21,662 $183K Add +19.1%
KSS Kohls Corp. 0.01% 14,057 $181K Add +10.7%
BAX Baxter International Inc. 0.01% 10,480 $176K New
DXC DXC Technology Co. 0.01% 12,239 $154K New
HUN Huntsman Corp. 0.01% 10,925 $145K New
PTEN Patterson-Uti Energy Inc. 0.01% 10,115 $110K New
WU Western Union Co. 0.01% 12,337 $108K New
GT Goodyear Tire & Rubber Co. 0.01% 14,761 $98K Add +19.1%
OGI Organigram Global Inc. 0.01% 72,171 $96K Add +0.2%
NWL Newell Brands Inc. 0.01% 26,548 $91K Add +27.8%
OGN Organon & Co. 0.00% 14,989 $90K New
MPT Medical Properties Trust Inc. 0.00% 13,300 $62K Add +23.5%
HTZ Hertz Global Hldgs Inc. 0.00% 13,049 $60K No change
XRX Xerox Holdings Corp. 0.00% 32,162 $41K Add +59.3%
OPTU Optimum Communications Inc. Class A 0.00% 24,400 $32K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
SecurityClassShares / PrincipalValueChange
XRXDW Xerox Holdings Corp. *W EXP 02/11/202 12,022$1KAdd +19.1%

Total filed on the 13F, all lines: $1.8B.

Portfolio Sells Q4 2025 → Q1 2026

MSFT Microsoft Corp. Reduce -20.4% 2.53% −2.85
WTW Willis Towers Watson PLC Reduce -22.6% 1.60% −1.43
V Visa Inc. Class A Reduce -7.5% 2.08% −1.31
OTEX Open Text Corp. Reduce -97.0% 0.02% −1.26
UNP Union Pacific Corp. Reduce -90.2% 0.10% −1.18
MELI MercadoLibre Inc. Reduce -80.7% 0.17% −1.16
LLY Eli Lilly & Co. Reduce -21.7% 0.99% −0.92
UBER Uber Technologies Inc. Reduce -94.5% 0.04% −0.91
J Jacobs Solutions Inc. Reduce -6.7% 2.01% −0.90
AZN Astrazeneca PLC Reduce -0.6% 3.01% −0.65
GRTUF Granite Real Estate Investme Sold out 0.00% −0.49
ASML ASML Holding NV-NY Reg SHS Reduce -24.6% 0.74% −0.29
VIG Vanguard Dividend Apprec ETF Reduce -10.6% 0.33% −0.16
VEA Vanguard Ftse Developed ETF Reduce -1.9% 0.34% −0.10
PRF Invesco Rafi US 1000 ETF Reduce -0.9% 0.30% −0.09
RIO Rio Tinto PLC-Spon ADR Reduce -0.2% 0.61% −0.07
ACWI iShares MSCI Acwi ETF Reduce -61.9% 0.02% −0.05
APH Amphenol Corp. Class A Reduce -3.3% 0.10% −0.04
MU Micron Technology Inc. Reduce -1.8% 0.36% −0.04
SLF Sun Life Financial Inc. Reduce -6.8% 0.08% −0.03
URTH iShares MSCI World ETF Reduce -11.4% 0.06% −0.03
PXF Invesco Rafi Developed Marke Reduce -5.4% 0.11% −0.03
EMA Emera Inc. Reduce -18.3% 0.05% −0.03
BIZD Vaneck BDC Income ETF Sold out 0.00% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.6% 0.08% −0.02
EWJ iShares MSCI Japan ETF Reduce -2.3% 0.07% −0.02
EL Estee Lauder Companies Class A Sold out 0.00% −0.02
VGK Vanguard Ftse Europe ETF Reduce -2.5% 0.05% −0.02
RELX Relx PLC - Spon ADR Reduce -10.7% 0.02% −0.02
BN Brookfield Corp. Reduce -28.1% 0.01% −0.01
QQQM Invesco Nasdaq 100 ETF Reduce -0.5% 0.03% −0.01
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -8.7% 0.03% −0.01
NEM Newmont Corp. Reduce -1.2% 0.06% −0.01
ENVX Enovix Corp. Sold out 0.00% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -24.6% 0.01% −0.01
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -12.9% 0.02% −0.01
FNV Franco-Nevada Corp. Reduce -1.5% 0.03% −0.00
CYH Community Health Systems Inc. Sold out 0.00% −0.00
LRCX Lam Research Corp. Reduce -0.8% 0.05% −0.00
NTR Nutrien Ltd. Reduce -1.5% 0.02% −0.00
WDC Western Digital Corp. Reduce -13.5% 0.03% +0.00
GLW Corning Inc. Reduce -1.4% 0.03% +0.00
SNDK Sandisk Corp. Reduce -7.3% 0.03% +0.01
CNQ Canadian Natural Resources Reduce -1.8% 0.44% +0.03

Portfolio Buys Q4 2025 → Q1 2026

TD Toronto-Dominion Bank Add +184.1% 2.91% +1.56
RY Royal Bank of Canada Add +88.7% 4.87% +1.32
AAPL Apple Inc. Add +150.8% 2.68% +1.20
CP Canadian Pacific Kansas City Add +249.8% 1.70% +1.11
CNI Canadian Natl Railway Co. Add +92.4% 2.89% +1.01
FTS Fortis Inc. Add +82.5% 2.98% +1.00
QSR Restaurant Brands Intern Add +79.3% 2.79% +0.92
AMZN Amazon.com Inc. Add +335.4% 1.32% +0.89
WM Waste Management Inc. Add +4160.1% 0.88% +0.86
WCN Waste Connections Inc. Add +180.5% 1.68% +0.84
BMO Bank of Montreal Add +513.3% 0.96% +0.77
RBA RB Global Inc. Add +80.4% 3.13% +0.70
NFLX Netflix Inc. Add +1449.1% 0.66% +0.61
LULU Lululemon Athletica Inc. New 0.60% +0.60
AMD Advanced Micro Devices Add +2152.8% 0.62% +0.58
CM Can Imperial BK of Commerce Add +61.1% 2.52% +0.57
COP Conocophillips Add +41.6% 1.52% +0.53
SU Suncor Energy Inc. Add +1673.2% 0.50% +0.48
DRI Darden Restaurants Inc. New 0.44% +0.44
BGSI Boyd Group Services Inc. Add +169.6% 1.06% +0.42
STN Stantec Inc. Add +159.0% 0.77% +0.35
GIB Cgi Inc. Add +122.6% 1.31% +0.34
CIGI Colliers Intl GR-Subord Vot Add +189.4% 0.74% +0.28
HUBB Hubbell Inc. New 0.22% +0.22
DSGX The Descartes Systems Grp Add +124.4% 0.47% +0.14
VOO Vanguard S&P 500 ETF Add +71.1% 0.54% +0.11
GNTX Gentex Corp. Add +61.4% 0.77% +0.11
XOM Exxon Mobil Corp. Add +15.1% 0.51% +0.10
AQN Algonquin Power & Utilities Add +42.1% 1.18% +0.09
TRI Thomson Reuters Corp. Add +122.1% 0.53% +0.08
IMO Imperial Oil Ltd. New 0.06% +0.06
CVX Chevron Corp. Add +14.9% 0.38% +0.06
ZTS Zoetis Inc. Add +47.1% 0.97% +0.06
IEMG iShares Core MSCI Emerging New 0.06% +0.06
ADI Analog Devices Inc. Add +113.5% 0.09% +0.04
TT Trane Technologies PLC New 0.04% +0.04
BG Bunge Global SA New 0.04% +0.04
MPC Marathon Petroleum Corp. Add +14.9% 0.13% +0.03
VLO Valero Energy Corp. Add +12.1% 0.13% +0.03
DOW Dow Inc. Add +26.6% 0.07% +0.03
NXT Nextpower Inc. New 0.03% +0.03
GDX Vaneck Gold Miners ETF Add +65.0% 0.09% +0.02
BE Bloom Energy Corp. Class A New 0.02% +0.02
VZ Verizon Communications Inc. Add +18.0% 0.22% +0.02
GLD SPDR Gold Shares Add +69.8% 0.08% +0.02
RCI Rogers Communications Inc. Class B New 0.02% +0.02
AWK American Water Works Co. Inc. Add +45.2% 0.16% +0.02
STX Seagate Technology Holdings New 0.02% +0.02
PSX Phillips 66 Add +17.4% 0.10% +0.02
COPX Global X Copper Miners ETF New 0.02% +0.02

Notes & Other Activity Q4 2025 → Q1 2026

XRXDW Xerox Holdings Corp. *W EXP 02/11/202 Add +19.1% 12,022 $1K

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