CIDEL ASSET MANAGEMENT INC

CIK

1621915

Location

TORONTO, A6

Portfolio Value

Mid $1,960,074,237

Diversification

Diversified

Filing Date

Global Rank

#217 / 2,968 ▲ 1087

Top Industry

Banks - Diversified 17.0%

3Y Alpha vs SPY

-7.9%

Period ended 29 days ago

Filed Jul 17, 2026 · 12d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+41.3%

SPY

+67.9%

Annualised alpha

-6.6%

Max drawdown

−13.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

438 positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.5%

+0.3 pts

Top 5

17.9%

+0.0 pts

Top 10

30.0%

−2.0 pts

HHI

168

Diversified−12

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	24.9%	$488,042,054	68
Technology	20.2%	$396,571,958	62
Industrials	12.7%	$249,624,521	64
Consumer Cyclical	8.6%	$168,486,001	41
Healthcare	6.9%	$135,868,077	43
Energy	6.7%	$132,196,630	35
Utilities	6.7%	$130,463,197	30
Consumer Defensive	4.8%	$93,112,672	32
Basic Materials	4.5%	$88,110,946	26
Communication Services	3.0%	$59,603,302	19
Real Estate	0.8%	$14,723,367	12
Unclassified	0.2%	$3,271,512	6

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MFC	Manulife Financial Corp	+411,420	827,626	$33,527,129
KO	Coca Cola Co	+345,417	361,934	$29,414,376
CNQ	CANADIAN NATURAL RESOURCES Ltd	+326,962	491,355	$19,408,522
SU	Suncor Energy Inc	+237,609	376,897	$20,231,830
BNS	Bank Of Nova Scotia	+192,388	353,888	$30,731,633
BMO	Bank Of Montreal /Can/	+163,407	294,015	$51,952,450
WPM	Wheaton Precious Metals Corp.	+135,818	137,538	$15,448,268
RIO	Rio Tinto PLC	+121,537	241,718	$22,946,289
AEM	Agnico Eagle Mines Ltd	+109,271	123,011	$19,082,696
AAPL	Apple Inc.	+87,427	280,800	$81,252,288
FNV	FRANCO NEVADA Corp	+75,763	78,265	$16,313,556
NTR	Nutrien Ltd.	+75,141	79,717	$5,018,185
NFLX	Netflix Inc	+57,500	184,045	$13,140,813
PBA	Pembina Pipeline Corp	+55,401	307,057	$14,201,386
NVDA	Nvidia Corp	+51,100	276,581	$55,341,092
AMZN	Amazon Com Inc	+47,337	163,648	$39,003,864
OPTU	Optimum Communications, Inc.	+34,084	58,484	$84,801
DRI	Darden Restaurants Inc	+23,502	64,239	$13,233,876
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+22,223	26,273	$12,547,196
PPLT	abrdn Platinum ETF Trust	+15,508	16,774	$237,016
CMCSA	Comcast Corp	+11,459	109,575	$2,690,066
T	At&T Inc.	+8,863	124,266	$2,572,306
GNTX	Gentex Corp	+8,307	655,732	$16,570,347
WCN	Waste Connections, Inc.	+8,025	198,091	$33,019,788
MSI	Motorola Solutions, Inc.	+7,644	50,865	$21,123,725
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AQN	Algonquin Power & Utilities Corp.	−3,509,142	26,776	$156,907
RBA	Rb Global Inc.	−222,463	377,328	$43,939,845
ABT	Abbott Laboratories	−184,792	227,603	$20,652,696
QSR	Restaurant Brands International Inc.	−167,012	526,104	$38,147,801
GIB	Cgi Inc	−161,864	168,349	$10,870,294
STGW	Stagwell Inc	−161,254	1,878,426	$13,956,705
ZTS	Zoetis Inc.	−146,487	3,408	$244,898
CP	Canadian Pacific Kansas City Ltd/Cn	−142,787	255,538	$22,142,367
TD	Toronto Dominion Bank	−124,444	448,298	$54,436,826
CNI	Canadian National Railway Co	−111,684	403,673	$48,133,968
CM	Canadian Imperial Bank Of Commerce /Can/	−109,017	380,736	$43,784,640
TRI	Thomson Reuters Corp /Can/	−102,678	4,570	$373,231
CL	Colgate Palmolive Co	−93,853	227,054	$20,816,310
FTS	Fortis Inc.	−74,436	906,780	$51,895,019
LULU	lululemon athletica inc.	−70,509	1,791	$204,496
J	Jacobs Solutions Inc.	−62,565	227,076	$28,611,576
BGSI	Boyd Group Services Inc.	−60,995	91,914	$8,696,902
HLN	Haleon plc	−50,487	423,205	$3,948,502
AZN	Astrazeneca PLC	−44,827	234,663	$44,496,798
WTW	Willis Towers Watson PLC	−42,366	58,359	$15,253,291
STN	Stantec Inc	−36,990	126,734	$8,733,239
RY	Royal Bank Of Canada	−32,341	521,130	$107,858,276
SAP	Sap SE	−31,804	111,952	$17,252,922
MAR	Marriott International Inc /Md/	−26,627	59,376	$22,004,151
INTC	Intel Corp	−23,960	62,985	$8,794,595
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
TEL	TE Connectivity plc	100,484	$20,258,579
CVE	Cenovus Energy Inc.	589,828	$14,633,632
MCO	Moodys Corp /De/	18,586	$8,417,971
CAE	Cae Inc	269,136	$6,744,548
TBBB	Bbb Foods Inc	118,334	$4,930,977
GSBD	Goldman Sachs BDC, Inc.	60,200	$570,696
BXSL	Blackstone Secured Lending Fund	22,600	$535,846
OBDC	Blue Owl Capital Corp	48,830	$530,782
ARCC	Ares Capital Corp	28,600	$529,958
MFIC	MidCap Financial Investment Corp	50,300	$507,024
HONA	Honeywell Aerospace Inc.	2,237	$493,929
MRVL	Marvell Technology, Inc.	1,402	$417,641
MOH	Molina Healthcare, Inc.	1,496	$342,135
ING	Ing Groep NV	9,355	$293,559
OC	Owens Corning	1,706	$271,185
WKC	World Kinect Corp	8,045	$265,002
MUFG	Mitsubishi Ufj Financial Group Inc	13,323	$264,994
FDXF	FedEx Freight Holding Company, Inc.	1,703	$257,153
R	Ryder System Inc	913	$240,822
IFF	International Flavors & Fragrances Inc	2,959	$234,411
NTAP	NetApp, Inc.	1,484	$229,663
CINF	Cincinnati Financial Corp	1,239	$229,388
XYZ	Block, Inc.	3,018	$229,368
EW	Edwards Lifesciences Corp	2,511	$227,145
GPC	Genuine Parts Co	1,923	$226,875
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
RELX	Relx PLC	11,724	$388,650
CTRA	Coterra Energy Inc.	9,123	$320,582
AA	Alcoa Corp	3,892	$258,156
CE	Celanese Corp	3,648	$239,928
ALB	Albemarle Corp	1,277	$229,259
OLN	OLIN Corp	7,140	$212,272
TPR	Tapestry, Inc.	1,439	$203,057
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

438 positions · $1,960,074,237 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 438 positions by value · page 1 of 9

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RY	Royal Bank Of Canada Financial Services	Reduced	521,130	-32,341	$107,858,276	+20.5%	5.50%
AAPL	Apple Inc. Technology	Added	280,800	+87,427	$81,252,288	+65.6%	4.15%
NVDA	Nvidia Corp Technology	Added	276,581	+51,100	$55,341,092	+40.7%	2.82%
TD	Toronto Dominion Bank Financial Services	Reduced	448,298	-124,444	$54,436,826	+1.9%	2.78%
BMO	Bank Of Montreal /Can/ Financial Services	Added	294,015	+163,407	$51,952,450	+193.9%	2.65%
FTS	Fortis Inc. Utilities	Reduced	906,780	-74,436	$51,895,019	−5.2%	2.65%
MSFT	Microsoft Corp Technology	Added	132,721	+7,533	$49,507,587	+6.8%	2.53%
CNI	Canadian National Railway Co Industrials	Reduced	403,673	-111,684	$48,133,968	−9.1%	2.46%
AZN	Astrazeneca PLC Healthcare	Reduced	234,663	-44,827	$44,496,798	−19.3%	2.27%
V	Visa Inc. Financial Services	Added	128,445	+2,024	$44,068,195	+15.3%	2.25%
RBA	Rb Global Inc. Industrials	Reduced	377,328	-222,463	$43,939,845	−23.6%	2.24%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	380,736	-109,017	$43,784,640	−5.6%	2.23%
AMZN	Amazon Com Inc Consumer Cyclical	Added	163,648	+47,337	$39,003,864	+61.0%	1.99%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	526,104	-167,012	$38,147,801	−25.5%	1.95%
MFC	Manulife Financial Corp Financial Services	Added	827,626	+411,420	$33,527,129	+133.9%	1.71%
WCN	Waste Connections, Inc. Industrials	Added	198,091	+8,025	$33,019,788	+6.9%	1.68%
JPM	Jpmorgan Chase & Co Financial Services	Added	97,432	+3,446	$31,892,416	+15.4%	1.63%
CMS	Cms Energy Corp Utilities	Added	405,656	+7,524	$31,032,684	+0.5%	1.58%
BNS	Bank Of Nova Scotia Financial Services	Added	353,888	+192,388	$30,731,633	+174.5%	1.57%
KO	Coca Cola Co Consumer Defensive	Added	361,934	+345,417	$29,414,376	+2241.7%	1.50%
J	Jacobs Solutions Inc. Industrials	Reduced	227,076	-62,565	$28,611,576	−22.4%	1.46%
WEC	Wec Energy Group, Inc. Utilities	Added	222,312	+4,509	$25,959,372	+3.0%	1.32%
ASML	Asml Holding NV Technology	Added	12,811	+2,534	$25,486,714	+87.8%	1.30%
LLY	ELI LILLY & Co Healthcare	Added	19,854	+186	$23,813,485	+31.6%	1.21%
MU	Micron Technology Inc Technology	Added	20,468	+778	$23,626,007	+255.2%	1.21%
RIO	Rio Tinto PLC Basic Materials	Added	241,718	+121,537	$22,946,289	+104.7%	1.17%
COP	Conocophillips Energy	Added	213,080	+1,878	$22,151,796	−20.5%	1.13%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	255,538	-142,787	$22,142,367	−29.3%	1.13%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	59,376	-26,627	$22,004,151	−21.8%	1.12%
MSI	Motorola Solutions, Inc. Technology	Added	50,865	+7,644	$21,123,725	+12.6%	1.08%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	227,054	-93,853	$20,816,310	−23.9%	1.06%
ABT	Abbott Laboratories Healthcare	Reduced	227,603	-184,792	$20,652,696	−51.2%	1.05%
TEL	TE Connectivity plc Technology	NEW	100,484	NEW	$20,258,579	NEW	1.03%
SU	Suncor Energy Inc Energy	Added	376,897	+237,609	$20,231,830	+119.7%	1.03%
AMD	Advanced Micro Devices Inc Technology	Reduced	34,494	-21,579	$20,037,909	+75.7%	1.02%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	491,355	+326,962	$19,408,522	+142.3%	0.99%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	123,011	+109,271	$19,082,696	+584.2%	0.97%
SAP	Sap SE Technology	Reduced	111,952	-31,804	$17,252,922	−29.9%	0.88%
WM	Waste Management Inc Industrials	Added	74,689	+4,398	$16,646,684	+3.1%	0.85%
GNTX	Gentex Corp Consumer Cyclical	Added	655,732	+8,307	$16,570,347	+17.1%	0.85%
FNV	FRANCO NEVADA Corp Basic Materials	Added	78,265	+75,763	$16,313,556	+2539.2%	0.83%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	137,538	+135,818	$15,448,268	+6755.6%	0.79%
WTW	Willis Towers Watson PLC Financial Services	Reduced	58,359	-42,366	$15,253,291	−47.9%	0.78%
CVE	Cenovus Energy Inc. Energy	NEW	589,828	NEW	$14,633,632	NEW	0.75%
PBA	Pembina Pipeline Corp Energy	Added	307,057	+55,401	$14,201,386	+26.1%	0.72%
STGW	Stagwell Inc Communication Services	Reduced	1,878,426	-161,254	$13,956,705	+8.8%	0.71%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	95,112	+2,587	$13,947,223	+4.4%	0.71%
CBOE	Cboe Global Markets, Inc. Financial Services	Reduced	56,417	-22,952	$13,690,713	−38.6%	0.70%
DRI	Darden Restaurants Inc Consumer Cyclical	Added	64,239	+23,502	$13,233,876	+65.7%	0.68%
NFLX	Netflix Inc Communication Services	Added	184,045	+57,500	$13,140,813	+8.0%	0.67%