JCIC Asset Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 13, 2026), JCIC Asset Management Inc. reported 113 stock positions worth $326.5 million. Its top holding was Alphabet Class C (GOOG) at 6.1% of the portfolio, followed by JPMorgan Chase (JPM, 5.8%) and Apple (AAPL, 5.5%). Compared with Q4 2025, it opened 7 new positions, sold out of 8, added to 48 and reduced 13. The biggest buy was a new position in Agnico Eagle Mines (AEM) and the biggest sale Alphabet Class C (GOOG, shares −25%).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001492040
Portfolio Value
$326.5M (Q1 2026)
SEC Filing
0001193125-26-153051 ↗ filed Apr 13, 2026

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 Q4 2024 Q1 2025: $239.4M Q1 2025 Q3 2025: $319.8M Q3 2025 Q4 2025: $326.9M Q4 2025 Q1 2026: $326.5M $326.5M Q1 2026 Q2 2026: $326.5M Q2 2026

Holdings 113 stocks · $326.5M
GOOG Alphabet Inc. Class C 6.07% 69,085 $19.8M Reduce -25.2%
JPM JPMorgan Chase & Co. 5.78% 64,099 $18.9M Add +1.1%
AAPL Apple Inc. 5.47% 70,357 $17.9M Reduce -18.6%
NVDA Nvidia Corp. 4.73% 88,542 $15.4M Add +0.8%
AMZN Amazon.com Inc. 4.52% 70,898 $14.8M Add +2.2%
MSFT Microsoft Corp. 4.27% 37,703 $14.0M Reduce -0.2%
RY Royal Bank of Canada 4.15% 83,888 $13.5M Add +2.4%
VLO Valero Energy Corp. 3.57% 47,125 $11.6M Add +1.1%
AEM Agnico Eagle Mines Ltd. 3.36% 54,076 $11.0M New
ENB Enbridge Inc. 3.30% 198,974 $10.8M Add +2.1%
B Barrick Mining Corp. 2.68% 214,582 $8.8M Add +1.8%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 2.54% 61,364 $8.3M Add +1.8%
WMT Walmart Inc. 2.50% 65,579 $8.2M Add +60.5%
TD Toronto-Dominion Bank 2.47% 86,674 $8.1M Add +1.7%
CVE Cenovus Energy Inc. 2.37% 292,184 $7.7M Add +2.9%
V Visa Inc. Class A 2.27% 24,526 $7.4M Add +2.1%
MFC Manulife Financial Corp. 2.26% 215,019 $7.4M Add +1.4%
SHOP Shopify Inc. Class A 2.15% 59,237 $7.0M Add +2.2%
IWM iShares Russell 2000 ETF 1.97% 25,890 $6.4M New
BIL SS SPDR BB 1-3M T-Bill ETF 1.92% 68,261 $6.3M New
TSM Taiwan Semiconductor-SP ADR 1.83% 17,722 $6.0M Reduce -20.7%
WCN Waste Connections Inc. 1.73% 34,758 $5.6M Add +2.0%
CNQ Canadian Natural Resources 1.45% 97,409 $4.7M Add +2.7%
META Meta Platforms Inc. Class A 1.45% 8,252 $4.7M Add +0.9%
HD Home Depot Inc. 1.43% 14,227 $4.7M Add +1.7%
UBER Uber Technologies Inc. 1.40% 63,374 $4.6M Add +1.1%
CSX CSX Corp. 1.39% 110,893 $4.6M Add +3.3%
CCJ Cameco Corp. 1.38% 41,517 $4.5M Add +3.0%
SHEL Shell PLC-ADR 1.30% 45,605 $4.2M Add +3.8%
FCX Freeport-McMoran Inc. 1.15% 63,608 $3.7M Add +3643.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 1.14% 39,295 $3.7M Add +2.3%
LLY Eli Lilly & Co. 1.13% 4,022 $3.7M Add +1.5%
BAM Brookfield Asset Mgmt-A 1.09% 79,918 $3.5M Add +0.8%
HBM Hudbay Minerals Inc. 1.04% 161,831 $3.4M New
GE General Electric filed as GE AEROSPACE 1.03% 11,898 $3.4M Add +1.8%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.97% 186,469 $3.2M Add +4.4%
GIL Gildan Activewear Inc. 0.96% 56,462 $3.1M Reduce -52.3%
DE Deere & Co. 0.95% 5,503 $3.1M Add +2.7%
BBVA Banco Bilbao Vizcaya-SP ADR 0.92% 138,565 $3.0M Add +5.0%
SAP Sap SE-Sponsored ADR 0.86% 16,378 $2.8M Add +5.9%
NGG National Grid PLC-SP ADR 0.83% 32,180 $2.7M Add +5.2%
SONY Sony Group Corp. - SP ADR 0.83% 131,273 $2.7M Reduce -12.0%
OVV Ovintiv Inc. 0.78% 42,860 $2.5M No change
FSV Firstservice Corp. 0.76% 17,915 $2.5M New
BUD Anheuser-Busch Inbev-SPN ADR 0.66% 31,095 $2.2M New
LYG Lloyds Banking Group PLC-ADR 0.64% 416,850 $2.1M New
NVO Novo-Nordisk A/S-Spons ADR 0.63% 56,139 $2.1M Add +60.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 7,025 $342K Add +10.6%
FTS Fortis Inc. 0.10% 6,090 $339K Add +1.7%
INSM Insmed Inc. 0.10% 2,003 $328K Reduce -3.0%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 0.09% 4,412 $305K Add +2.2%
GOOGL Alphabet Inc. Class A 0.09% 1,045 $301K No change
PBA Pembina Pipeline Corp. 0.09% 6,322 $282K Add +1.9%
RCI Rogers Communications Inc. Class B 0.07% 6,270 $241K Reduce -94.9%
TRP TC Energy Corp. 0.07% 3,821 $239K Add +2.0%
MSCI MSCI Inc. 0.07% 427 $230K Add +23.1%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.06% 2,567 $212K Add +1.6%
IEF iShares 7-10 Year Treasury B 0.06% 2,145 $205K No change
BIP Brookfield Infrastructure Pa 0.06% 5,654 $204K Add +1.2%
IEI iShares 3-7 Year Treasury Bo 0.06% 1,715 $203K No change
VCSH Vanguard S/T Corp. Bond ETF 0.06% 2,560 $203K No change
VGSH Vanguard Short-Term Treasury 0.06% 3,410 $200K No change
TU Telus Corp. 0.05% 12,905 $166K Add +1.9%
COST Costco Wholesale Corp. 0.05% 150 $149K No change
ING ING Groep N.V.-Sponsored ADR 0.04% 5,470 $142K Add +2.9%
AXP American Express Co. 0.04% 410 $124K No change
BEP Brookfield Renewable Partner 0.03% 3,039 $99K Add +2.7%
UAL United Airlines Holdings Inc. 0.03% 1,070 $99K Reduce -31.3%
ALGN Align Technology Inc. 0.03% 568 $97K Reduce -18.5%
C Citigroup Inc. 0.03% 845 $96K No change
CCL Carnival Corp. 0.03% 3,681 $95K Reduce -33.8%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.03% 65 $86K No change
BP BP PLC-Spons ADR 0.03% 1,765 $83K Add +2.9%
CSCO Cisco Systems Inc. 0.02% 1,040 $81K No change
CRM Salesforce Inc. 0.02% 430 $80K Add +26.5%
T AT&T Inc. 0.02% 2,659 $77K Add +1.9%
JNJ Johnson & Johnson 0.02% 315 $77K No change
EMA Emera Inc. 0.02% 1,385 $72K No change
QQQ Invesco QQQ Trust Series 1 0.02% 120 $69K No change
BMY Bristol-Myers Squibb Co. 0.02% 875 $53K Add +157.3%
MA Mastercard Inc. Class A 0.02% 100 $50K No change
AFL Aflac Inc. 0.01% 400 $44K No change
EOG EOG Resources Inc. 0.01% 285 $41K No change
VIAV Viavi Solutions Inc. 0.01% 1,137 $38K No change
BABA Alibaba Group Holding-SP ADR 0.01% 298 $37K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.01% 620 $33K No change
AGG iShares Core U.S. Aggregate 0.01% 315 $31K No change
BCE Bce Inc. 0.01% 1,208 $30K No change
PEP Pepsico Inc. 0.01% 195 $30K No change
AVGO Broadcom Inc. 0.01% 95 $29K No change
AA Alcoa Corp. 0.01% 440 $29K No change
CVX Chevron Corp. 0.01% 137 $28K No change
CNI Canadian Natl Railway Co. 0.01% 240 $25K No change
UNP Union Pacific Corp. 0.01% 100 $24K No change
ARM Arm Holdings PLC-ADR 0.01% 157 $24K No change
NFLX Netflix Inc. 0.01% 230 $22K Reduce -99.0%
PG The Procter & Gamble Co. 0.01% 150 $22K No change
MDT Medtronic PLC 0.01% 235 $20K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 1,535 $18K No change
MU Micron Technology Inc. 0.01% 50 $17K No change

Show all 113 holdings

Portfolio Sells Q4 2025 → Q1 2026
GOOG Alphabet Inc. Class C Reduce -25.2% 6.07% −2.80
AAPL Apple Inc. Reduce -18.6% 5.47% −1.72
RYAAY Ryanair Holdings PLC-SP ADR Reduce -99.6% 0.01% −1.50
GIB Cgi Inc. Sold out 0.00% −1.37
RCI Rogers Communications Inc. Class B Reduce -94.9% 0.07% −1.34
MSFT Microsoft Corp. Reduce -0.2% 4.27% −1.32
GIL Gildan Activewear Inc. Reduce -52.3% 0.96% −1.30
TRI Thomson Reuters Corp. Sold out 0.00% −1.02
NFLX Netflix Inc. Reduce -99.0% 0.01% −0.65
SONY Sony Group Corp. - SP ADR Reduce -12.0% 0.83% −0.34
TSM Taiwan Semiconductor-SP ADR Reduce -20.7% 1.83% −0.24
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.03
UAL United Airlines Holdings Inc. Reduce -31.3% 0.03% −0.02
CCL Carnival Corp. Reduce -33.8% 0.03% −0.02
INSM Insmed Inc. Reduce -3.0% 0.10% −0.01
ALGN Align Technology Inc. Reduce -18.5% 0.03% −0.00
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.00
UL Unilever PLC-Sponsored ADR Sold out 0.00% −0.00
RBA RB Global Inc. Sold out 0.00% −0.00
LIN Linde PLC Sold out 0.00% −0.00
MICC The Magnum Ice Cream Co. NV Sold out 0.00% −0.00

Portfolio Buys Q4 2025 → Q1 2026
AEM Agnico Eagle Mines Ltd. New 3.36% +3.36
IWM iShares Russell 2000 ETF New 1.97% +1.97
BIL SS SPDR BB 1-3M T-Bill ETF New 1.92% +1.92
VLO Valero Energy Corp. Add +1.1% 3.57% +1.24
FCX Freeport-McMoran Inc. Add +3643.8% 1.15% +1.12
WMT Walmart Inc. Add +60.5% 2.50% +1.10
HBM Hudbay Minerals Inc. New 1.04% +1.04
CVE Cenovus Energy Inc. Add +2.9% 2.37% +0.90
FSV Firstservice Corp. New 0.76% +0.76
BUD Anheuser-Busch Inbev-SPN ADR New 0.66% +0.66
LYG Lloyds Banking Group PLC-ADR New 0.64% +0.64
CNQ Canadian Natural Resources Add +2.7% 1.45% +0.47
ENB Enbridge Inc. Add +2.1% 3.30% +0.45
SHEL Shell PLC-ADR Add +3.8% 1.30% +0.31
CCJ Cameco Corp. Add +3.0% 1.38% +0.25
CSX CSX Corp. Add +3.3% 1.39% +0.20
DE Deere & Co. Add +2.7% 0.95% +0.19
BMO Bank of Montreal Add +1.8% 2.54% +0.15
NGG National Grid PLC-SP ADR Add +5.2% 0.83% +0.11
MUFG Mitsubishi Ufj Finl-Spon ADR Add +4.4% 0.97% +0.10
NVO Novo-Nordisk A/S-Spons ADR Add +60.3% 0.63% +0.09
CM Can Imperial BK of Commerce Add +2.3% 1.14% +0.07
TD Toronto-Dominion Bank Add +1.7% 2.47% +0.02
PBA Pembina Pipeline Corp. Add +1.9% 0.09% +0.01
BMY Bristol-Myers Squibb Co. Add +157.3% 0.02% +0.01
TRP TC Energy Corp. Add +2.0% 0.07% +0.01
MSCI MSCI Inc. Add +23.1% 0.07% +0.01
FTS Fortis Inc. Add +1.7% 0.10% +0.01
BP BP PLC-Spons ADR Add +2.9% 0.03% +0.01
BEP Brookfield Renewable Partner Add +2.7% 0.03% +0.01
HSBC HSBC Holdings PLC-Spons ADR Add +1.6% 0.06% +0.00
T AT&T Inc. Add +1.9% 0.02% +0.00
BIP Brookfield Infrastructure Pa Add +1.2% 0.06% +0.00
TU Telus Corp. Add +1.9% 0.05% −0.00
ING ING Groep N.V.-Sponsored ADR Add +2.9% 0.04% −0.00
BAC Bank of America Corp. Add +10.6% 0.10% −0.00
CRM Salesforce Inc. Add +26.5% 0.02% −0.00
BNS Bank of Nova Scotia Add +2.2% 0.09% −0.00
BBVA Banco Bilbao Vizcaya-SP ADR Add +5.0% 0.92% −0.02
HD Home Depot Inc. Add +1.7% 1.43% −0.04
GE General Electric Add +1.8% 1.03% −0.07
MFC Manulife Financial Corp. Add +1.4% 2.26% −0.09
WCN Waste Connections Inc. Add +2.0% 1.73% −0.10
RY Royal Bank of Canada Add +2.4% 4.15% −0.13
B Barrick Mining Corp. Add +1.8% 2.68% −0.13
LLY Eli Lilly & Co. Add +1.5% 1.13% −0.17
UBER Uber Technologies Inc. Add +1.1% 1.40% −0.17
BAM Brookfield Asset Mgmt-A Add +0.8% 1.09% −0.18
META Meta Platforms Inc. Class A Add +0.9% 1.45% −0.21
NVDA Nvidia Corp. Add +0.8% 4.73% −0.28

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