JCIC Asset Management Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 10, 2024), JCIC Asset Management Inc. reported 102 stock positions worth $243.1 million. Its top holding was Apple (AAPL) at 9.6% of the portfolio, followed by Alphabet Class C (GOOG, 8.0%) and Microsoft (MSFT, 7.8%). Compared with Q1 2024, it opened 2 new positions, sold out of 6, added to 15 and reduced 45. The biggest buy was Sun Life Financial (SLF, shares +656%) and the biggest sale an exit from Teck Resources Ltd.-CLS B (TECK).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001492040
Portfolio Value
$243.1M (Q2 2024)
SEC Filing
0000950123-24-006449 ↗ filed Jul 10, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $242.6M Q1 2024 Q2 2024: $243.1M $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 102 stocks · $243.1M
AAPL Apple Inc. 9.61% 110,891 $23.4M Reduce -19.9%
GOOG Alphabet Inc. Class C 7.98% 105,772 $19.4M Add +0.1%
MSFT Microsoft Corp. 7.84% 42,618 $19.0M Reduce -1.5%
AMZN Amazon.com Inc. 6.23% 78,309 $15.1M Reduce -1.3%
AMD Advanced Micro Devices 5.54% 83,023 $13.5M Reduce -1.0%
JPM JPMorgan Chase & Co. 5.44% 65,431 $13.2M Reduce -0.9%
RY Royal Bank of Canada 3.50% 80,005 $8.5M Reduce -1.2%
IWM iShares Russell 2000 ETF 3.20% 38,387 $7.8M Reduce -0.5%
VLO Valero Energy Corp. 3.07% 47,639 $7.5M Reduce -0.9%
V Visa Inc. Class A 2.83% 26,198 $6.9M Reduce -0.8%
ENB Enbridge Inc. 2.82% 192,748 $6.9M Reduce -2.5%
WCN Waste Connections Inc. 2.47% 34,182 $6.0M Reduce -0.8%
UNH Unitedhealth Group Inc. 2.36% 11,246 $5.7M Reduce -0.2%
TSM Taiwan Semiconductor-SP ADR 2.14% 29,871 $5.2M Add +24.2%
NVO Novo-Nordisk A/S-Spons ADR 2.13% 36,329 $5.2M Add +31.9%
CCJ Cameco Corp. 2.11% 104,385 $5.1M Reduce -0.6%
AEM Agnico Eagle Mines Ltd. 2.09% 77,675 $5.1M Reduce -0.1%
CP Canadian Pacific Kansas City 2.08% 64,069 $5.0M Reduce -1.0%
HD Home Depot Inc. 2.06% 14,529 $5.0M Reduce -1.1%
SLF Sun Life Financial Inc. 2.06% 101,956 $5.0M Add +655.7%
TRI Thomson Reuters Corp. 1.74% 25,090 $4.2M Reduce -0.8%
CSX CSX Corp. 1.64% 119,023 $4.0M Reduce -3.0%
LLY Eli Lilly & Co. 1.55% 4,174 $3.8M Reduce -0.5%
STLA Stellantis NV 1.48% 180,924 $3.6M Reduce -0.3%
CNQ Canadian Natural Resources 1.37% 93,235 $3.3M Reduce -0.8%
SHEL Shell PLC-ADR 1.34% 45,292 $3.3M Reduce -0.5%
GIB Cgi Inc. 1.34% 32,700 $3.3M Reduce -0.5%
RYAAY Ryanair Holdings PLC-SP ADR 1.33% 27,790 $3.2M Reduce -1.0%
FSV Firstservice Corp. 1.31% 20,930 $3.2M New
BAM Brookfield Asset Mgmt-A 1.27% 80,965 $3.1M Reduce -1.1%
WMT Walmart Inc. 1.23% 44,076 $3.0M Reduce -1.7%
LIN Linde PLC 1.13% 6,264 $2.7M Add +16.2%
SONY Sony Group Corp. - SP ADR 1.07% 30,517 $2.6M Add +70.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.92% 22,627 $2.2M Reduce -0.6%
OVV Ovintiv Inc. 0.83% 42,860 $2.0M No change
QQQ Invesco QQQ Trust Series 1 0.46% 2,355 $1.1M No change
NVDA Nvidia Corp. 0.46% 9,120 $1.1M Add +3.4%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.23% 6,697 $562K Reduce -17.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 7,075 $281K Add +10.8%
NFLX Netflix Inc. 0.11% 408 $275K Add +9.4%
TD Toronto-Dominion Bank 0.10% 4,553 $250K No change
GOOGL Alphabet Inc. Class A 0.08% 1,080 $197K No change
FTS Fortis Inc. 0.08% 4,820 $187K Reduce -9.9%
TU Telus Corp. 0.07% 10,975 $166K Reduce -95.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 305 $166K No change
PBA Pembina Pipeline Corp. 0.06% 4,140 $154K Reduce -11.8%
MFC Manulife Financial Corp. 0.06% 5,505 $147K Reduce -6.9%
MSCI MSCI Inc. 0.06% 295 $142K Add +11.3%
T AT&T Inc. 0.06% 7,027 $134K Reduce -8.1%
COST Costco Wholesale Corp. 0.05% 150 $127K No change
BIP Brookfield Infrastructure Pa 0.05% 4,464 $123K Reduce -10.8%
CCL Carnival Corp. 0.05% 6,478 $121K Add +1.8%
ALGN Align Technology Inc. 0.05% 499 $120K Add +13.7%
AXP American Express Co. 0.04% 470 $109K No change
TRP TC Energy Corp. 0.04% 2,675 $101K Reduce -7.3%
FCX Freeport-McMoran Inc. 0.04% 1,922 $93K Add +2.4%
CRM Salesforce Inc. 0.03% 314 $81K Add +18.9%
ING ING Groep N.V.-Sponsored ADR 0.03% 4,080 $70K Reduce -39.8%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.03% 1,480 $64K Reduce -8.4%
UAL United Airlines Holdings Inc. 0.02% 1,180 $57K Add +3.1%
C Citigroup Inc. 0.02% 845 $54K Reduce -34.0%
ASML ASML Holding NV-NY Reg SHS 0.02% 52 $53K Reduce -8.8%
BEP Brookfield Renewable Partner 0.02% 2,147 $53K Reduce -8.1%
CSCO Cisco Systems Inc. 0.02% 1,040 $49K No change
CNI Canadian Natl Railway Co. 0.02% 397 $47K No change
BP BP PLC-Spons ADR 0.02% 1,280 $46K Reduce -8.6%
JNJ Johnson & Johnson 0.02% 315 $46K No change
SHOP Shopify Inc. Class A 0.02% 680 $45K No change
MA Mastercard Inc. Class A 0.02% 100 $44K No change
SAP Sap SE-Sponsored ADR 0.02% 203 $41K Reduce -9.0%
AFL Aflac Inc. 0.01% 400 $36K No change
EOG EOG Resources Inc. 0.01% 265 $33K No change
PEP Pepsico Inc. 0.01% 195 $32K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.01% 620 $32K No change
AGG iShares Core U.S. Aggregate 0.01% 315 $31K No change
BCE Bce Inc. 0.01% 940 $30K No change
AMGN Amgen Inc. 0.01% 90 $28K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.01% 570 $26K Reduce -69.5%
PG The Procter & Gamble Co. 0.01% 150 $25K No change
UNP Union Pacific Corp. 0.01% 100 $23K No change
ABBV Abbvie Inc. 0.01% 131 $22K No change
PFE Pfizer Inc. 0.01% 800 $22K No change
KO The Coca-Cola Co. 0.01% 303 $19K No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.01% 1,535 $19K No change
MDT Medtronic PLC 0.01% 235 $18K No change
AA Alcoa Corp. 0.01% 440 $18K No change
FLUT Flutter Entertainment PLC-Di 0.01% 91 $17K New
IGSB iShares 1-5Y Inv Grade Corp. 0.01% 320 $16K No change
HES Hess Corp. 0.01% 100 $15K No change
BMY Bristol-Myers Squibb Co. 0.01% 340 $14K No change
META Meta Platforms Inc. Class A 0.01% 27 $14K No change
PANW Palo Alto Networks Inc. 0.01% 38 $13K No change
JEF Jefferies Financial Group Inc. 0.00% 240 $12K No change
NOW ServiceNow Inc. 0.00% 14 $11K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 85 $9K No change
WBD Warner Bros Discovery Inc. 0.00% 1,207 $9K Reduce -6.9%
VIAV Viavi Solutions Inc. 0.00% 1,137 $8K No change
PAYX Paychex Inc. 0.00% 60 $7K No change
INTC Intel Corp. 0.00% 204 $6K No change
BIPC Brookfield Infrastructure-A 0.00% 121 $4K No change
ORCL Oracle Corp. 0.00% 27 $4K No change
HCA HCA Healthcare Inc. 0.00% 10 $3K Reduce -71.4%

Portfolio Sells Q1 2024 → Q2 2024
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −1.82
TU Telus Corp. Reduce -95.1% 0.07% −1.41
MELI MercadoLibre Inc. Sold out 0.00% −0.78
AMD Advanced Micro Devices Reduce -1.0% 5.54% −0.70
STLA Stellantis NV Reduce -0.3% 1.48% −0.64
RYAAY Ryanair Holdings PLC-SP ADR Reduce -1.0% 1.33% −0.35
VLO Valero Energy Corp. Reduce -0.9% 3.07% −0.31
CP Canadian Pacific Kansas City Reduce -1.0% 2.08% −0.28
HD Home Depot Inc. Reduce -1.1% 2.06% −0.27
CSX CSX Corp. Reduce -3.0% 1.64% −0.24
DIS The Walt Disney Co. Reduce -0.6% 0.92% −0.22
V Visa Inc. Class A Reduce -0.8% 2.83% −0.21
AAPL Apple Inc. Reduce -19.9% 9.61% −0.17
GIB Cgi Inc. Reduce -0.5% 1.34% −0.15
BAM Brookfield Asset Mgmt-A Reduce -1.1% 1.27% −0.15
IWM iShares Russell 2000 ETF Reduce -0.5% 3.20% −0.14
ENB Enbridge Inc. Reduce -2.5% 2.82% −0.12
CNQ Canadian Natural Resources Reduce -0.8% 1.37% −0.11
BMO Bank of Montreal Reduce -17.8% 0.23% −0.10
BNS Bank of Nova Scotia Reduce -69.5% 0.01% −0.03
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.02
CM Can Imperial BK of Commerce Sold out 0.00% −0.02
ING ING Groep N.V.-Sponsored ADR Reduce -39.8% 0.03% −0.02
BIP Brookfield Infrastructure Pa Reduce -10.8% 0.05% −0.01
C Citigroup Inc. Reduce -34.0% 0.02% −0.01
JPM JPMorgan Chase & Co. Reduce -0.9% 5.44% −0.01
FTS Fortis Inc. Reduce -9.9% 0.08% −0.01
TRP TC Energy Corp. Reduce -7.3% 0.04% −0.01
PBA Pembina Pipeline Corp. Reduce -11.8% 0.06% −0.01
HCA HCA Healthcare Inc. Reduce -71.4% 0.00% −0.00
BP BP PLC-Spons ADR Reduce -8.6% 0.02% −0.00
OKTA Okta Inc. Sold out 0.00% −0.00
SAP Sap SE-Sponsored ADR Reduce -9.0% 0.02% −0.00
WBD Warner Bros Discovery Inc. Reduce -6.9% 0.00% −0.00
ASML ASML Holding NV-NY Reg SHS Reduce -8.8% 0.02% −0.00
B Barrick Gold Corp. Sold out 0.00% −0.00
MFC Manulife Financial Corp. Reduce -6.9% 0.06% −0.00
BEP Brookfield Renewable Partner Reduce -8.1% 0.02% −0.00
T AT&T Inc. Reduce -8.1% 0.06% −0.00
HSBC HSBC Holdings PLC-Spons ADR Reduce -8.4% 0.03% +0.00
WCN Waste Connections Inc. Reduce -0.8% 2.47% +0.02
UNH Unitedhealth Group Inc. Reduce -0.2% 2.36% +0.06
SHEL Shell PLC-ADR Reduce -0.5% 1.34% +0.09
WMT Walmart Inc. Reduce -1.7% 1.23% +0.12
TRI Thomson Reuters Corp. Reduce -0.8% 1.74% +0.12
RY Royal Bank of Canada Reduce -1.2% 3.50% +0.14
AEM Agnico Eagle Mines Ltd. Reduce -0.1% 2.09% +0.18
LLY Eli Lilly & Co. Reduce -0.5% 1.55% +0.21
CCJ Cameco Corp. Reduce -0.6% 2.11% +0.24
AMZN Amazon.com Inc. Reduce -1.3% 6.23% +0.33

Portfolio Buys Q1 2024 → Q2 2024
SLF Sun Life Financial Inc. Add +655.7% 2.06% +1.75
GOOG Alphabet Inc. Class C Add +0.1% 7.98% +1.35
FSV Firstservice Corp. New 1.31% +1.31
TSM Taiwan Semiconductor-SP ADR Add +24.2% 2.14% +0.79
NVO Novo-Nordisk A/S-Spons ADR Add +31.9% 2.13% +0.67
SONY Sony Group Corp. - SP ADR Add +70.5% 1.07% +0.43
NVDA Nvidia Corp. Add +3.4% 0.46% +0.13
LIN Linde PLC Add +16.2% 1.13% +0.10
NFLX Netflix Inc. Add +9.4% 0.11% +0.02
BAC Bank of America Corp. Add +10.8% 0.12% +0.02
CCL Carnival Corp. Add +1.8% 0.05% +0.01
FLUT Flutter Entertainment PLC-Di New 0.01% +0.01
FCX Freeport-McMoran Inc. Add +2.4% 0.04% +0.00
UAL United Airlines Holdings Inc. Add +3.1% 0.02% +0.00
CRM Salesforce Inc. Add +18.9% 0.03% +0.00
MSCI MSCI Inc. Add +11.3% 0.06% −0.00
ALGN Align Technology Inc. Add +13.7% 0.05% −0.01

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