JCIC Asset Management Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 6, 2024), JCIC Asset Management Inc. reported 106 stock positions worth $242.6 million. Its top holding was Apple (AAPL) at 9.8% of the portfolio, followed by Microsoft (MSFT, 7.5%) and Alphabet Class C (GOOG, 6.6%). Compared with Q4 2023, it sold out of 5, added to 34 and reduced 25. The biggest buy was Eli Lilly (LLY, shares +11886%) and the biggest sale an exit from Nextera Energy (NEE).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001492040
Portfolio Value
$242.6M (Q1 2024)
SEC Filing
0000950123-24-003862 ↗ filed May 6, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $242.6M $242.6M Q1 2024 Q2 2024: $243.1M Q2 2024 Q3 2024: $243.9M Q3 2024 Q4 2024: $246.7M Q4 2024 Q1 2025: $239.4M Q1 2025 Q3 2025: $319.8M Q3 2025 Q4 2025: $326.9M Q4 2025 Q1 2026: $326.5M Q1 2026 Q2 2026: $326.5M Q2 2026

Holdings 106 stocks · $242.6M
AAPL Apple Inc. 9.78% 138,472 $23.7M Add +0.2%
MSFT Microsoft Corp. 7.50% 43,261 $18.2M Reduce -0.2%
GOOG Alphabet Inc. Class C 6.63% 105,625 $16.1M Add +2.5%
AMD Advanced Micro Devices 6.24% 83,825 $15.1M Reduce -0.4%
AMZN Amazon.com Inc. 5.90% 79,328 $14.3M Reduce -1.0%
JPM JPMorgan Chase & Co. 5.45% 66,051 $13.2M Add +0.3%
VLO Valero Energy Corp. 3.38% 48,090 $8.2M Add +0.3%
RY Royal Bank of Canada 3.37% 80,995 $8.2M Reduce -0.2%
IWM iShares Russell 2000 ETF 3.34% 38,576 $8.1M Add +1.1%
V Visa Inc. Class A 3.04% 26,415 $7.4M Add +0.1%
ENB Enbridge Inc. 2.95% 197,598 $7.1M Reduce -1.3%
WCN Waste Connections Inc. 2.44% 34,472 $5.9M Reduce -0.0%
CP Canadian Pacific Kansas City 2.35% 64,739 $5.7M Reduce -1.6%
HD Home Depot Inc. 2.32% 14,698 $5.6M Add +0.3%
UNH Unitedhealth Group Inc. 2.30% 11,267 $5.6M Add +1.5%
STLA Stellantis NV 2.12% 181,563 $5.1M Add +1.0%
AEM Agnico Eagle Mines Ltd. 1.91% 77,755 $4.6M Add +0.9%
CSX CSX Corp. 1.88% 122,699 $4.5M Reduce -2.1%
CCJ Cameco Corp. 1.87% 104,990 $4.5M Add +0.9%
TECK Teck Resources Ltd.-CLS B 1.82% 96,605 $4.4M Add +0.1%
RYAAY Ryanair Holdings PLC-SP ADR 1.69% 28,076 $4.1M Reduce -0.3%
TRI Thomson Reuters Corp. 1.62% 25,295 $3.9M Add +0.4%
GIB Cgi Inc. 1.50% 32,860 $3.6M Add +0.5%
CNQ Canadian Natural Resources 1.48% 46,975 $3.6M Add +0.8%
TU Telus Corp. 1.48% 223,565 $3.6M Add +0.1%
NVO Novo-Nordisk A/S-Spons ADR 1.46% 27,552 $3.5M Add +0.3%
BAM Brookfield Asset Mgmt-A 1.42% 81,850 $3.4M Add +1.0%
TSM Taiwan Semiconductor-SP ADR 1.35% 24,055 $3.3M Add +1.5%
LLY Eli Lilly & Co. 1.35% 4,195 $3.3M Add +11885.7%
SHEL Shell PLC-ADR 1.26% 45,504 $3.1M Add +0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.15% 22,770 $2.8M Reduce -0.5%
WMT Walmart Inc. 1.11% 44,825 $2.7M Add +2.9%
LIN Linde PLC 1.03% 5,390 $2.5M Add +2.3%
OVV Ovintiv Inc. 0.92% 42,860 $2.2M No change
MELI MercadoLibre Inc. 0.78% 1,258 $1.9M Reduce -0.3%
SONY Sony Group Corp. - SP ADR 0.63% 17,903 $1.5M Add +0.6%
QQQ Invesco QQQ Trust Series 1 0.43% 2,355 $1.0M Reduce -1.5%
NVDA Nvidia Corp. 0.33% 882 $797K Add +6.7%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.33% 8,142 $795K Reduce -4.2%
SLF Sun Life Financial Inc. 0.30% 13,491 $736K Reduce -4.4%
TD Toronto-Dominion Bank 0.11% 4,553 $275K Reduce -2.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 6,385 $242K Add +9.8%
NFLX Netflix Inc. 0.09% 373 $227K Add +12.0%
FTS Fortis Inc. 0.09% 5,350 $211K Add +0.7%
PBA Pembina Pipeline Corp. 0.07% 4,692 $166K Reduce -0.7%
GOOGL Alphabet Inc. Class A 0.07% 1,080 $163K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 305 $160K No change
BIP Brookfield Infrastructure Pa 0.06% 5,004 $156K Reduce -5.2%
MSCI MSCI Inc. 0.06% 265 $149K Add +10.4%
MFC Manulife Financial Corp. 0.06% 5,915 $148K No change
ALGN Align Technology Inc. 0.06% 439 $144K Add +15.8%
T AT&T Inc. 0.06% 7,647 $135K No change
TRP TC Energy Corp. 0.05% 2,885 $116K Reduce -14.8%
ING ING Groep N.V.-Sponsored ADR 0.05% 6,772 $112K No change
COST Costco Wholesale Corp. 0.05% 150 $110K No change
AXP American Express Co. 0.04% 470 $107K No change
CCL Carnival Corp. 0.04% 6,363 $104K Add +32.9%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.04% 1,870 $97K Reduce -29.2%
FCX Freeport-McMoran Inc. 0.04% 1,877 $88K Add +5.9%
C Citigroup Inc. 0.03% 1,280 $81K Reduce -4.5%
CRM Salesforce Inc. 0.03% 264 $80K Add +17.9%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.03% 1,615 $64K No change
DEO Diageo PLC-Sponsored ADR 0.02% 400 $59K No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 0.02% 1,100 $56K Reduce -9.6%
ASML ASML Holding NV-NY Reg SHS 0.02% 57 $55K No change
UAL United Airlines Holdings Inc. 0.02% 1,145 $55K Add +8.0%
BEP Brookfield Renewable Partner 0.02% 2,337 $54K No change
BP BP PLC-Spons ADR 0.02% 1,400 $53K No change
SHOP Shopify Inc. Class A 0.02% 680 $52K Reduce -12.8%
CNI Canadian Natl Railway Co. 0.02% 397 $52K No change
CSCO Cisco Systems Inc. 0.02% 1,040 $52K No change
JNJ Johnson & Johnson 0.02% 315 $50K No change
MA Mastercard Inc. Class A 0.02% 100 $48K Reduce -25.4%
SAP Sap SE-Sponsored ADR 0.02% 223 $43K No change
AFL Aflac Inc. 0.01% 400 $34K No change
PEP Pepsico Inc. 0.01% 195 $34K No change
EOG EOG Resources Inc. 0.01% 265 $34K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.01% 620 $32K No change
BCE Bce Inc. 0.01% 940 $32K Reduce -20.9%
AGG iShares Core U.S. Aggregate 0.01% 315 $31K No change
AMGN Amgen Inc. 0.01% 90 $26K No change
UNP Union Pacific Corp. 0.01% 100 $25K No change
PG The Procter & Gamble Co. 0.01% 150 $24K No change
ABBV Abbvie Inc. 0.01% 131 $24K No change
PFE Pfizer Inc. 0.01% 800 $22K No change
MDT Medtronic PLC 0.01% 235 $20K No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.01% 1,535 $20K No change
KO The Coca-Cola Co. 0.01% 303 $19K No change
BMY Bristol-Myers Squibb Co. 0.01% 340 $18K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.01% 320 $16K No change
HES Hess Corp. 0.01% 100 $15K No change
AA Alcoa Corp. 0.01% 440 $15K No change
META Meta Platforms Inc. Class A 0.01% 27 $13K No change
HCA HCA Healthcare Inc. 0.00% 35 $12K No change
WBD Warner Bros Discovery Inc. 0.00% 1,297 $11K No change
PANW Palo Alto Networks Inc. 0.00% 38 $11K No change
NOW ServiceNow Inc. 0.00% 14 $11K Reduce -51.7%
JEF Jefferies Financial Group Inc. 0.00% 240 $11K No change
VIAV Viavi Solutions Inc. 0.00% 1,137 $10K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 85 $9K No change

Show all 106 holdings

Portfolio Sells Q4 2023 → Q1 2024
NEE Nextera Energy Inc. Sold out 0.00% −1.53
RY Royal Bank of Canada Reduce -0.2% 3.37% −0.30
ENB Enbridge Inc. Reduce -1.3% 2.95% −0.27
MELI MercadoLibre Inc. Reduce -0.3% 0.78% −0.10
CSX CSX Corp. Reduce -2.1% 1.88% −0.06
BMO Bank of Montreal Reduce -4.2% 0.33% −0.05
SLF Sun Life Financial Inc. Reduce -4.4% 0.30% −0.02
TD Toronto-Dominion Bank Reduce -2.1% 0.11% −0.02
BNS Bank of Nova Scotia Reduce -29.2% 0.04% −0.02
TRP TC Energy Corp. Reduce -14.8% 0.05% −0.01
BIP Brookfield Infrastructure Pa Reduce -5.2% 0.06% −0.01
BCE Bce Inc. Reduce -20.9% 0.01% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -1.5% 0.43% −0.01
MA Mastercard Inc. Class A Reduce -25.4% 0.02% −0.01
SHOP Shopify Inc. Class A Reduce -12.8% 0.02% −0.01
NOW ServiceNow Inc. Reduce -51.7% 0.00% −0.00
PBA Pembina Pipeline Corp. Reduce -0.7% 0.07% −0.00
CM Can Imperial BK of Commerce Reduce -9.6% 0.02% −0.00
BX Blackstone Inc. Sold out 0.00% −0.00
XTN SS SPDR S&P Transport ETF Sold out 0.00% −0.00
LMT Lockheed Martin Corp. Sold out 0.00% −0.00
VALE Vale SA-SP ADR Sold out 0.00% −0.00
C Citigroup Inc. Reduce -4.5% 0.03% +0.00
RYAAY Ryanair Holdings PLC-SP ADR Reduce -0.3% 1.69% +0.01
CP Canadian Pacific Kansas City Reduce -1.6% 2.35% +0.03
WCN Waste Connections Inc. Reduce -0.0% 2.44% +0.15
DIS The Walt Disney Co. Reduce -0.5% 1.15% +0.23
MSFT Microsoft Corp. Reduce -0.2% 7.50% +0.23
AMZN Amazon.com Inc. Reduce -1.0% 5.90% +0.47
AMD Advanced Micro Devices Reduce -0.4% 6.24% +0.70

Portfolio Buys Q4 2023 → Q1 2024
LLY Eli Lilly & Co. Add +11885.7% 1.35% +1.34
VLO Valero Energy Corp. Add +0.3% 3.38% +0.60
JPM JPMorgan Chase & Co. Add +0.3% 5.45% +0.46
TSM Taiwan Semiconductor-SP ADR Add +1.5% 1.35% +0.25
STLA Stellantis NV Add +1.0% 2.12% +0.24
NVO Novo-Nordisk A/S-Spons ADR Add +0.3% 1.46% +0.19
GOOG Alphabet Inc. Class C Add +2.5% 6.63% +0.15
NVDA Nvidia Corp. Add +6.7% 0.33% +0.15
CNQ Canadian Natural Resources Add +0.8% 1.48% +0.11
WMT Walmart Inc. Add +2.9% 1.11% +0.09
LIN Linde PLC Add +2.3% 1.03% +0.07
HD Home Depot Inc. Add +0.3% 2.32% +0.06
AEM Agnico Eagle Mines Ltd. Add +0.9% 1.91% +0.03
NFLX Netflix Inc. Add +12.0% 0.09% +0.02
ALGN Align Technology Inc. Add +15.8% 0.06% +0.01
BAC Bank of America Corp. Add +9.8% 0.10% +0.01
CRM Salesforce Inc. Add +17.9% 0.03% +0.01
CCL Carnival Corp. Add +32.9% 0.04% +0.00
UAL United Airlines Holdings Inc. Add +8.0% 0.02% +0.00
FCX Freeport-McMoran Inc. Add +5.9% 0.04% +0.00
TECK Teck Resources Ltd.-CLS B Add +0.1% 1.82% +0.00
MSCI MSCI Inc. Add +10.4% 0.06% +0.00
FTS Fortis Inc. Add +0.7% 0.09% −0.01
TRI Thomson Reuters Corp. Add +0.4% 1.62% −0.02
V Visa Inc. Class A Add +0.1% 3.04% −0.03
BAM Brookfield Asset Mgmt-A Add +1.0% 1.42% −0.03
SHEL Shell PLC-ADR Add +0.8% 1.26% −0.07
GIB Cgi Inc. Add +0.5% 1.50% −0.07
IWM iShares Russell 2000 ETF Add +1.1% 3.34% −0.07
SONY Sony Group Corp. - SP ADR Add +0.6% 0.63% −0.12
CCJ Cameco Corp. Add +0.9% 1.87% −0.13
TU Telus Corp. Add +0.1% 1.48% −0.30
UNH Unitedhealth Group Inc. Add +1.5% 2.30% −0.31
AAPL Apple Inc. Add +0.2% 9.78% −2.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 113$326.5MGOOG, JPM, AAPL, NVDA, AMZN
Q1 2026 113$326.5MGOOG, JPM, AAPL, NVDA, AMZN
Q4 2025 114$326.9MGOOG, AAPL, JPM, MSFT, NVDA
Q3 2025 111$319.8MGOOG, AAPL, JPM, MSFT, AEM
Q1 2025 164$239.4MAAPL, GOOG, JPM, MSFT, AMZN
Q4 2024 134$246.7MAAPL, GOOG, MSFT, AMZN, JPM
Q3 2024 101$243.9MAAPL, MSFT, GOOG, AMZN, JPM
Q2 2024 102$243.1MAAPL, GOOG, MSFT, AMZN, AMD
Q1 2024 106$242.6MAAPL, MSFT, GOOG, AMD, AMZN