JCIC Asset Management Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 22, 2024), JCIC Asset Management Inc. reported 101 stock positions worth $243.9 million. Its top holding was Apple (AAPL) at 10.7% of the portfolio, followed by Microsoft (MSFT, 7.6%) and Alphabet Class C (GOOG, 7.3%). Compared with Q2 2024, it opened 6 new positions, sold out of 7, added to 40 and reduced 4. The biggest buy was a new position in Unilever (UL) and the biggest sale an exit from Agnico Eagle Mines (AEM).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001492040
Portfolio Value
$243.9M (Q3 2024)
SEC Filing
0000950123-24-009824 ↗ filed Oct 22, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $242.6M Q1 2024 Q2 2024: $243.1M Q2 2024 Q3 2024: $243.9M $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 101 stocks · $243.9M
AAPL Apple Inc. 10.66% 111,561 $26.0M Add +0.6%
MSFT Microsoft Corp. 7.56% 42,838 $18.4M Add +0.5%
GOOG Alphabet Inc. Class C 7.34% 107,082 $17.9M Add +1.2%
AMZN Amazon.com Inc. 6.02% 78,803 $14.7M Add +0.6%
JPM JPMorgan Chase & Co. 5.70% 65,916 $13.9M Add +0.7%
AMD Advanced Micro Devices 5.62% 83,538 $13.7M Add +0.6%
RY Royal Bank of Canada 4.27% 83,412 $10.4M Add +4.3%
IWM iShares Russell 2000 ETF 3.56% 39,292 $8.7M Add +2.4%
ENB Enbridge Inc. 3.30% 197,887 $8.0M Add +2.7%
V Visa Inc. Class A 2.98% 26,448 $7.3M Add +0.9%
UNH Unitedhealth Group Inc. 2.73% 11,391 $6.7M Add +1.3%
VLO Valero Energy Corp. 2.66% 48,024 $6.5M Add +0.8%
WCN Waste Connections Inc. 2.59% 35,372 $6.3M Add +3.5%
SLF Sun Life Financial Inc. 2.53% 106,346 $6.2M Add +4.3%
HD Home Depot Inc. 2.43% 14,634 $5.9M Add +0.7%
CP Canadian Pacific Kansas City 2.35% 67,124 $5.7M Add +4.8%
TSM Taiwan Semiconductor-SP ADR 2.14% 30,111 $5.2M Add +0.8%
CCJ Cameco Corp. 2.11% 107,670 $5.1M Add +3.1%
TRI Thomson Reuters Corp. 1.82% 25,965 $4.4M Add +3.5%
NVO Novo-Nordisk A/S-Spons ADR 1.78% 36,542 $4.4M Add +0.6%
CSX CSX Corp. 1.68% 118,929 $4.1M Reduce -0.1%
BAM Brookfield Asset Mgmt-A 1.61% 83,020 $3.9M Add +2.5%
LLY Eli Lilly & Co. 1.53% 4,216 $3.7M Add +1.0%
WMT Walmart Inc. 1.48% 44,636 $3.6M Add +1.3%
UL Unilever PLC 1.36% 51,210 $3.3M New
CNQ Canadian Natural Resources 1.32% 96,820 $3.2M Add +3.9%
RYAAY Ryanair Holdings PLC-SP ADR 1.29% 27,920 $3.2M Add +0.5%
LIN Linde PLC 1.24% 6,319 $3.0M Add +0.9%
SHEL Shell PLC-ADR 1.23% 45,522 $3.0M Add +0.5%
SONY Sony Group Corp. - SP ADR 1.21% 30,647 $3.0M Add +0.4%
ASML ASML Holding NV-NY Reg SHS 1.12% 3,270 $2.7M Add +6188.5%
STLA Stellantis NV 1.04% 181,399 $2.5M Add +0.3%
OVV Ovintiv Inc. 0.67% 42,860 $1.6M No change
QQQ Invesco QQQ Trust Series 1 0.47% 2,355 $1.1M No change
NVDA Nvidia Corp. 0.42% 8,395 $1.0M Reduce -8.0%
VGSH Vanguard Short-Term Treasury 0.16% 6,450 $381K New
NFLX Netflix Inc. 0.13% 448 $318K Add +9.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 7,705 $306K Add +8.9%
TD Toronto-Dominion Bank 0.11% 4,353 $275K Reduce -4.4%
FTS Fortis Inc. 0.09% 4,820 $219K No change
MSCI MSCI Inc. 0.09% 360 $210K Add +22.0%
VCSH Vanguard S/T Corp. Bond ETF 0.08% 2,560 $203K New
GOOGL Alphabet Inc. Class A 0.07% 1,080 $179K No change
TU Telus Corp. 0.07% 10,475 $176K Reduce -4.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 305 $175K No change
PBA Pembina Pipeline Corp. 0.07% 4,140 $171K No change
MFC Manulife Financial Corp. 0.07% 5,505 $163K No change
BIP Brookfield Infrastructure Pa 0.06% 4,464 $157K No change
T AT&T Inc. 0.06% 7,027 $155K No change
ALGN Align Technology Inc. 0.06% 569 $145K Add +14.0%
COST Costco Wholesale Corp. 0.05% 150 $133K No change
INSM Insmed Inc. 0.05% 1,820 $133K New
AXP American Express Co. 0.05% 470 $127K No change
TRP TC Energy Corp. 0.05% 2,675 $127K No change
CCL Carnival Corp. 0.05% 6,518 $120K Add +0.6%
FCX Freeport-McMoran Inc. 0.04% 1,937 $97K Add +0.8%
CRM Salesforce Inc. 0.04% 340 $93K Add +8.3%
ING ING Groep N.V.-Sponsored ADR 0.03% 4,080 $74K No change
UAL United Airlines Holdings Inc. 0.03% 1,190 $68K Add +0.8%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.03% 1,480 $67K No change
BEP Brookfield Renewable Partner 0.02% 2,147 $61K No change
SHOP Shopify Inc. Class A 0.02% 710 $57K Add +4.4%
CSCO Cisco Systems Inc. 0.02% 1,040 $55K No change
C Citigroup Inc. 0.02% 845 $53K No change
JNJ Johnson & Johnson 0.02% 315 $51K No change
MA Mastercard Inc. Class A 0.02% 100 $49K No change
SAP Sap SE-Sponsored ADR 0.02% 203 $47K No change
CNI Canadian Natl Railway Co. 0.02% 397 $46K No change
AFL Aflac Inc. 0.02% 400 $45K No change
BP BP PLC-Spons ADR 0.02% 1,280 $40K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.01% 620 $33K No change
PEP Pepsico Inc. 0.01% 195 $33K No change
BCE Bce Inc. 0.01% 940 $33K No change
EOG EOG Resources Inc. 0.01% 265 $33K No change
AGG iShares Core U.S. Aggregate 0.01% 315 $32K No change
AMGN Amgen Inc. 0.01% 90 $29K No change
PG The Procter & Gamble Co. 0.01% 150 $26K No change
ABBV Abbvie Inc. 0.01% 131 $26K No change
UNP Union Pacific Corp. 0.01% 100 $25K No change
KO The Coca-Cola Co. 0.01% 303 $22K No change
FLUT Flutter Entertainment PLC-Di 0.01% 91 $22K No change
META Meta Platforms Inc. Class A 0.01% 37 $21K Add +37.0%
MDT Medtronic PLC 0.01% 235 $21K No change
BMY Bristol-Myers Squibb Co. 0.01% 340 $18K No change
AA Alcoa Corp. 0.01% 440 $17K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.01% 320 $17K No change
ARM Arm Holdings PLC-ADR 0.01% 116 $17K New
F Ford Motor Co. filed as FORD MTR CO 0.01% 1,535 $16K No change
JEF Jefferies Financial Group Inc. 0.01% 240 $15K No change
HES Hess Corp. 0.01% 100 $14K No change
PANW Palo Alto Networks Inc. 0.01% 38 $13K No change
NOW ServiceNow Inc. 0.01% 14 $13K No change
VIAV Viavi Solutions Inc. 0.00% 1,137 $10K No change
WBD Warner Bros Discovery Inc. 0.00% 1,207 $10K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 85 $10K No change
PAYX Paychex Inc. 0.00% 60 $8K No change
BIPC Brookfield Infrastructure-A 0.00% 121 $5K No change
INTC Intel Corp. 0.00% 204 $5K No change
ORCL Oracle Corp. 0.00% 27 $5K No change
HCA HCA Healthcare Inc. 0.00% 10 $4K No change
#N/A 0.00% 2,150 $0 New

Portfolio Sells Q2 2024 → Q3 2024
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −2.09
GIB Cgi Inc. Sold out 0.00% −1.34
FSV Firstservice Corp. Sold out 0.00% −1.31
DIS The Walt Disney Co. Sold out 0.00% −0.92
BMO Bank of Montreal Sold out 0.00% −0.23
NVDA Nvidia Corp. Reduce -8.0% 0.42% −0.05
BNS Bank of Nova Scotia Sold out 0.00% −0.01
PFE Pfizer Inc. Sold out 0.00% −0.01
TU Telus Corp. Reduce -4.6% 0.07% +0.00
TD Toronto-Dominion Bank Reduce -4.4% 0.11% +0.01
CSX CSX Corp. Reduce -0.1% 1.68% +0.05

Portfolio Buys Q2 2024 → Q3 2024
UL Unilever PLC New 1.36% +1.36
ASML ASML Holding NV-NY Reg SHS Add +6188.5% 1.12% +1.10
AAPL Apple Inc. Add +0.6% 10.66% +1.05
RY Royal Bank of Canada Add +4.3% 4.27% +0.76
ENB Enbridge Inc. Add +2.7% 3.30% +0.47
SLF Sun Life Financial Inc. Add +4.3% 2.53% +0.47
UNH Unitedhealth Group Inc. Add +1.3% 2.73% +0.37
HD Home Depot Inc. Add +0.7% 2.43% +0.37
IWM iShares Russell 2000 ETF Add +2.4% 3.56% +0.35
BAM Brookfield Asset Mgmt-A Add +2.5% 1.61% +0.34
CP Canadian Pacific Kansas City Add +4.8% 2.35% +0.28
JPM JPMorgan Chase & Co. Add +0.7% 5.70% +0.25
WMT Walmart Inc. Add +1.3% 1.48% +0.25
VGSH Vanguard Short-Term Treasury New 0.16% +0.16
V Visa Inc. Class A Add +0.9% 2.98% +0.15
SONY Sony Group Corp. - SP ADR Add +0.4% 1.21% +0.15
WCN Waste Connections Inc. Add +3.5% 2.59% +0.12
LIN Linde PLC Add +0.9% 1.24% +0.10
VCSH Vanguard S/T Corp. Bond ETF New 0.08% +0.08
AMD Advanced Micro Devices Add +0.6% 5.62% +0.08
TRI Thomson Reuters Corp. Add +3.5% 1.82% +0.08
INSM Insmed Inc. New 0.05% +0.05
MSCI MSCI Inc. Add +22.0% 0.09% +0.03
NFLX Netflix Inc. Add +9.8% 0.13% +0.02
ALGN Align Technology Inc. Add +14.0% 0.06% +0.01
BAC Bank of America Corp. Add +8.9% 0.13% +0.01
TSM Taiwan Semiconductor-SP ADR Add +0.8% 2.14% +0.01
ARM Arm Holdings PLC-ADR New 0.01% +0.01
CRM Salesforce Inc. Add +8.3% 0.04% +0.00
SHOP Shopify Inc. Class A Add +4.4% 0.02% +0.00
UAL United Airlines Holdings Inc. Add +0.8% 0.03% +0.00
META Meta Platforms Inc. Class A Add +37.0% 0.01% +0.00
FCX Freeport-McMoran Inc. Add +0.8% 0.04% +0.00
#N/A New 0.00% 0.00
CCL Carnival Corp. Add +0.6% 0.05% −0.00
CCJ Cameco Corp. Add +3.1% 2.11% −0.01
LLY Eli Lilly & Co. Add +1.0% 1.53% −0.02
RYAAY Ryanair Holdings PLC-SP ADR Add +0.5% 1.29% −0.04
CNQ Canadian Natural Resources Add +3.9% 1.32% −0.05
SHEL Shell PLC-ADR Add +0.5% 1.23% −0.11
AMZN Amazon.com Inc. Add +0.6% 6.02% −0.21
MSFT Microsoft Corp. Add +0.5% 7.56% −0.28
NVO Novo-Nordisk A/S-Spons ADR Add +0.6% 1.78% −0.35
VLO Valero Energy Corp. Add +0.8% 2.66% −0.41
STLA Stellantis NV Add +0.3% 1.04% −0.43
GOOG Alphabet Inc. Class C Add +1.2% 7.34% −0.64

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