JCIC Asset Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 13, 2025), JCIC Asset Management Inc. reported 134 stock positions worth $246.7 million. Its top holding was Apple (AAPL) at 11.6% of the portfolio, followed by Alphabet Class C (GOOG, 8.5%) and Microsoft (MSFT, 7.4%). Compared with Q3 2024, it opened 41 new positions, sold out of 9, added to 50 and reduced 8. The biggest buy was Nvidia (NVDA, shares +1035%) and the biggest sale an exit from Advanced Micro Devices (AMD).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001492040
Portfolio Value
$246.7M (Q4 2024)
SEC Filing
0000950123-25-000244 ↗ filed Jan 13, 2025

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 Q3 2024 Q4 2024: $246.7M $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 134 stocks · $246.7M
AAPL Apple Inc. 11.57% 114,026 $28.6M Add +2.2%
GOOG Alphabet Inc. Class C 8.50% 110,137 $21.0M Add +2.9%
MSFT Microsoft Corp. 7.37% 43,139 $18.2M Add +0.7%
AMZN Amazon.com Inc. 7.07% 79,557 $17.5M Add +1.0%
JPM JPMorgan Chase & Co. 6.50% 66,946 $16.0M Add +1.6%
NVDA Nvidia Corp. 5.19% 95,275 $12.8M Add +1034.9%
IWM iShares Russell 2000 ETF 3.57% 39,862 $8.8M Add +1.4%
ENB Enbridge Inc. 3.45% 200,585 $8.5M Add +1.4%
V Visa Inc. Class A 3.44% 26,818 $8.5M Add +1.4%
AEM Agnico Eagle Mines Ltd. 2.61% 82,385 $6.4M New
SLF Sun Life Financial Inc. 2.61% 108,325 $6.4M Add +1.9%
WCN Waste Connections Inc. 2.49% 35,887 $6.2M Add +1.5%
TSM Taiwan Semiconductor-SP ADR 2.45% 30,616 $6.0M Add +1.7%
VLO Valero Energy Corp. 2.42% 48,734 $6.0M Add +1.5%
UNH Unitedhealth Group Inc. 2.39% 11,654 $5.9M Add +2.3%
HD Home Depot Inc. 2.35% 14,874 $5.8M Add +1.6%
CP Canadian Pacific Kansas City 2.01% 68,479 $5.0M Add +2.0%
BAM Brookfield Asset Mgmt-A 1.85% 84,179 $4.6M Add +1.4%
TRI Thomson Reuters Corp. 1.71% 26,360 $4.2M Add +1.5%
WMT Walmart Inc. 1.66% 45,266 $4.1M Add +1.4%
FSV Firstservice Corp. 1.62% 22,090 $4.0M New
GIL Gildan Activewear Inc. 1.56% 81,925 $3.9M New
CSX CSX Corp. 1.55% 118,459 $3.8M Reduce -0.4%
SONY Sony Group Corp. - SP ADR 1.34% 155,940 $3.3M Add +1.8%
LLY Eli Lilly & Co. 1.34% 4,272 $3.3M Add +1.3%
NVO Novo-Nordisk A/S-Spons ADR 1.30% 37,207 $3.2M Add +1.8%
RYAAY Ryanair Holdings PLC-SP ADR 1.25% 71,018 $3.1M Add +154.4%
UL Unilever PLC 1.20% 52,100 $3.0M Add +1.7%
SHEL Shell PLC-ADR 1.17% 46,082 $2.9M Add +1.2%
LIN Linde PLC 1.09% 6,447 $2.7M Add +2.0%
ASML ASML Holding NV-NY Reg SHS 0.93% 3,303 $2.3M Add +1.0%
NGG National Grid PLC-SP ADR 0.75% 31,200 $1.9M New
OVV Ovintiv Inc. 0.70% 42,860 $1.7M No change
QQQ Invesco QQQ Trust Series 1 0.48% 2,330 $1.2M Reduce -1.1%
NFLX Netflix Inc. 0.20% 558 $497K Add +24.6%
TD Toronto-Dominion Bank 0.19% 8,590 $457K Add +97.3%
VGSH Vanguard Short-Term Treasury 0.15% 6,450 $375K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.15% 8,430 $370K Add +9.4%
MSCI MSCI Inc. 0.09% 360 $216K No change
CCL Carnival Corp. 0.09% 8,598 $214K Add +31.9%
FTS Fortis Inc. 0.09% 5,087 $211K Add +5.5%
GOOGL Alphabet Inc. Class A 0.08% 1,080 $204K No change
VCSH Vanguard S/T Corp. Bond ETF 0.08% 2,560 $200K No change
MFC Manulife Financial Corp. 0.08% 6,389 $196K Add +16.1%
UAL United Airlines Holdings Inc. 0.07% 1,885 $183K Add +58.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 305 $179K No change
PBA Pembina Pipeline Corp. 0.07% 4,808 $178K Add +16.1%
INSM Insmed Inc. 0.07% 2,560 $177K Add +40.7%
TRP TC Energy Corp. 0.07% 3,464 $161K Add +29.5%
T AT&T Inc. 0.06% 6,987 $159K Reduce -0.6%
BIP Brookfield Infrastructure Pa 0.06% 4,551 $145K Add +1.9%
AXP American Express Co. 0.06% 470 $139K No change
COST Costco Wholesale Corp. 0.06% 150 $137K No change
TU Telus Corp. 0.05% 9,989 $135K Reduce -4.6%
CRM Salesforce Inc. 0.05% 347 $116K Add +2.1%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.04% 2,112 $104K Add +42.7%
FCX Freeport-McMoran Inc. 0.03% 2,157 $82K Add +11.4%
BRK.B Berkshire Hathaway Inc. Class B 0.03% 180 $82K New
SHOP Shopify Inc. Class A 0.03% 760 $81K Add +7.0%
CNI Canadian Natl Railway Co. 0.03% 684 $69K Add +72.3%
ING ING Groep N.V.-Sponsored ADR 0.03% 3,980 $62K Reduce -2.5%
CSCO Cisco Systems Inc. 0.03% 1,040 $62K No change
C Citigroup Inc. 0.02% 845 $59K No change
BEP Brookfield Renewable Partner 0.02% 2,341 $53K Add +9.0%
MA Mastercard Inc. Class A 0.02% 100 $53K No change
SAP Sap SE-Sponsored ADR 0.02% 203 $50K No change
JNJ Johnson & Johnson 0.02% 315 $46K No change
BP BP PLC-Spons ADR 0.01% 1,240 $37K Reduce -3.1%
EOG EOG Resources Inc. 0.01% 285 $35K Add +7.5%
IGIB iShares 5-10Y Inv Grade Corp. 0.01% 620 $32K No change
PEP Pepsico Inc. 0.01% 202 $31K Add +3.6%
AGG iShares Core U.S. Aggregate 0.01% 315 $31K No change
BCE Bce Inc. 0.01% 1,138 $26K Add +21.1%
PG The Procter & Gamble Co. 0.01% 150 $25K No change
SU Suncor Energy Inc. 0.01% 661 $24K New
FLUT Flutter Entertainment PLC-Di 0.01% 91 $24K No change
AMGN Amgen Inc. 0.01% 90 $23K No change
ABBV Abbvie Inc. 0.01% 131 $23K No change
META Meta Platforms Inc. Class A 0.01% 39 $23K Add +5.4%
UNP Union Pacific Corp. 0.01% 100 $23K No change
GIB Cgi Inc. 0.01% 205 $22K New
BHC Bausch Health Cos Inc. 0.01% 2,419 $20K New
BMY Bristol-Myers Squibb Co. 0.01% 340 $19K No change
KO The Coca-Cola Co. 0.01% 303 $19K No change
JEF Jefferies Financial Group Inc. 0.01% 240 $19K No change
MDT Medtronic PLC 0.01% 235 $19K No change
HES Hess Corp. 0.01% 135 $18K Add +35.0%
NTR Nutrien Ltd. 0.01% 390 $17K New
IGSB iShares 1-5Y Inv Grade Corp. 0.01% 320 $17K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 1,535 $15K No change
NOW ServiceNow Inc. 0.01% 14 $15K No change
ARM Arm Holdings PLC-ADR 0.01% 116 $14K No change
PANW Palo Alto Networks Inc. 0.01% 76 $14K No change
MGA Magna International Inc. 0.01% 325 $14K New
ISRG Intuitive Surgical Inc. 0.01% 25 $13K New
WBD Warner Bros Discovery Inc. 0.01% 1,207 $13K No change
NEM Newmont Corp. 0.00% 314 $12K New
VIAV Viavi Solutions Inc. 0.00% 1,137 $11K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 85 $9K No change
PAYX Paychex Inc. 0.00% 60 $8K No change

Show all 134 holdings

Portfolio Sells Q3 2024 → Q4 2024
AMD Advanced Micro Devices Sold out 0.00% −5.62
RY Royal Bank of Canada Sold out 0.00% −4.27
CCJ Cameco Corp. Reduce -99.9% 0.00% −2.10
CNQ Canadian Natural Resources Sold out 0.00% −1.32
STLA Stellantis NV Sold out 0.00% −1.04
CSX CSX Corp. Reduce -0.4% 1.55% −0.13
ALGN Align Technology Inc. Sold out 0.00% −0.06
AFL Aflac Inc. Sold out 0.00% −0.02
TU Telus Corp. Reduce -4.6% 0.05% −0.02
AA Alcoa Corp. Sold out 0.00% −0.01
ING ING Groep N.V.-Sponsored ADR Reduce -2.5% 0.03% −0.01
SOBO South Bow Corp. Reduce -87.1% 0.00% −0.00
INTC Intel Corp. Sold out 0.00% −0.00
BP BP PLC-Spons ADR Reduce -3.1% 0.01% −0.00
#N/A Sold out 0.00% 0.00
T AT&T Inc. Reduce -0.6% 0.06% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -1.1% 0.48% +0.01

Portfolio Buys Q3 2024 → Q4 2024
NVDA Nvidia Corp. Add +1034.9% 5.19% +4.77
AEM Agnico Eagle Mines Ltd. New 2.61% +2.61
FSV Firstservice Corp. New 1.62% +1.62
GIL Gildan Activewear Inc. New 1.56% +1.56
GOOG Alphabet Inc. Class C Add +2.9% 8.50% +1.16
AMZN Amazon.com Inc. Add +1.0% 7.07% +1.05
AAPL Apple Inc. Add +2.2% 11.57% +0.92
JPM JPMorgan Chase & Co. Add +1.6% 6.50% +0.81
NGG National Grid PLC-SP ADR New 0.75% +0.75
V Visa Inc. Class A Add +1.4% 3.44% +0.45
TSM Taiwan Semiconductor-SP ADR Add +1.7% 2.45% +0.31
BAM Brookfield Asset Mgmt-A Add +1.4% 1.85% +0.24
WMT Walmart Inc. Add +1.4% 1.66% +0.18
ENB Enbridge Inc. Add +1.4% 3.45% +0.15
SONY Sony Group Corp. - SP ADR Add +1.8% 1.34% +0.12
SLF Sun Life Financial Inc. Add +1.9% 2.61% +0.08
TD Toronto-Dominion Bank Add +97.3% 0.19% +0.07
NFLX Netflix Inc. Add +24.6% 0.20% +0.07
UAL United Airlines Holdings Inc. Add +58.4% 0.07% +0.05
CCL Carnival Corp. Add +31.9% 0.09% +0.04
BRK.B Berkshire Hathaway Inc. Class B New 0.03% +0.03
BAC Bank of America Corp. Add +9.4% 0.15% +0.02
INSM Insmed Inc. Add +40.7% 0.07% +0.02
HSBC HSBC Holdings PLC-Spons ADR Add +42.7% 0.04% +0.01
TRP TC Energy Corp. Add +29.5% 0.07% +0.01
MFC Manulife Financial Corp. Add +16.1% 0.08% +0.01
IWM iShares Russell 2000 ETF Add +1.4% 3.57% +0.01
SU Suncor Energy Inc. New 0.01% +0.01
SHOP Shopify Inc. Class A Add +7.0% 0.03% +0.01
GIB Cgi Inc. New 0.01% +0.01
CNI Canadian Natl Railway Co. Add +72.3% 0.03% +0.01
CRM Salesforce Inc. Add +2.1% 0.05% +0.01
BHC Bausch Health Cos Inc. New 0.01% +0.01
NTR Nutrien Ltd. New 0.01% +0.01
MGA Magna International Inc. New 0.01% +0.01
ISRG Intuitive Surgical Inc. New 0.01% +0.01
NEM Newmont Corp. New 0.00% +0.00
CM Can Imperial BK of Commerce New 0.00% +0.00
BN Brookfield Corp. New 0.00% +0.00
PBA Pembina Pipeline Corp. Add +16.1% 0.07% +0.00
WPM Wheaton Precious Metals Corp. New 0.00% +0.00
HES Hess Corp. Add +35.0% 0.01% +0.00
MU Micron Technology Inc. New 0.00% +0.00
TECK Teck Resources Ltd.-CLS B New 0.00% +0.00
QSR Restaurant Brands Intern New 0.00% +0.00
EOG EOG Resources Inc. Add +7.5% 0.01% +0.00
HCA HCA Healthcare Inc. Add +100.0% 0.00% +0.00
FISV Fiserv Inc. New 0.00% +0.00
TFII Tfi International Inc. New 0.00% +0.00
BX Blackstone Inc. New 0.00% +0.00

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