CIDEL ASSET MANAGEMENT INC

CIK

1621915

Location

TORONTO, A6

Portfolio Value

Mid $1,734,253,353

Diversification

Diversified

Filing Date

Global Rank

#1,075 / 8,232 ▲ 350

Top Industry

Banks - Diversified 14.8%

3Y Alpha vs SPY

-9.1%

Period ended 2 months ago

Filed Apr 17, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+39.4%

SPY

+76.3%

Annualised alpha

-9.1%

Max drawdown

−13.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

397 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.2%

−0.9 pts

Top 5

17.9%

−2.5 pts

Top 10

32.1%

−1.5 pts

HHI

180

Diversified−15

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	22.5%	$389,773,191	56
Industrials	16.6%	$287,912,173	54
Technology	15.9%	$275,861,238	56
Consumer Cyclical	10.6%	$183,254,841	35
Healthcare	10.0%	$173,197,042	39
Utilities	8.9%	$154,337,181	30
Energy	6.0%	$103,307,005	34
Consumer Defensive	3.7%	$64,610,472	29
Communication Services	3.3%	$56,677,642	18
Basic Materials	1.5%	$25,761,156	29
Real Estate	0.9%	$16,341,167	11
Unclassified	0.2%	$3,220,245	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AQN	Algonquin Power & Utilities Corp.	+1,048,080	3,535,918	$21,710,536
FTS	Fortis Inc.	+443,675	981,216	$54,742,040
TD	Toronto Dominion Bank	+371,138	572,742	$53,442,556
QSR	Restaurant Brands International Inc.	+306,555	693,116	$51,221,272
CP	Canadian Pacific Kansas City Ltd/Cn	+284,461	398,325	$31,332,244
RBA	Rb Global Inc.	+267,372	599,791	$57,489,967
RY	Royal Bank Of Canada	+260,118	553,471	$89,540,538
CNI	Canadian National Railway Co	+247,450	515,357	$52,963,238
GNTX	Gentex Corp	+246,235	647,425	$14,146,236
CM	Canadian Imperial Bank Of Commerce /Can/	+185,671	489,753	$46,404,096
GIB	Cgi Inc	+181,881	330,213	$24,138,570
SU	Suncor Energy Inc	+131,433	139,288	$9,208,329
WCN	Waste Connections, Inc.	+122,313	190,066	$30,874,321
NFLX	Netflix Inc	+118,376	126,545	$12,167,301
AAPL	Apple Inc.	+116,271	193,373	$49,076,133
BMO	Bank Of Montreal /Can/	+109,313	130,608	$17,676,486
HLN	Haleon plc	+109,239	473,692	$4,741,656
STN	Stantec Inc	+100,512	163,724	$14,145,753
BGSI	Boyd Group Services Inc.	+96,191	152,909	$19,550,944
ABT	Abbott Laboratories	+90,170	412,395	$42,340,594
AMZN	Amazon Com Inc	+89,597	116,311	$24,224,091
CIGI	Colliers International Group Inc.	+83,684	127,860	$13,666,955
WM	Waste Management Inc	+68,641	70,291	$16,152,168
DSGX	Descartes Systems Group Inc	+67,256	121,304	$8,680,514
COP	Conocophillips	+62,073	211,202	$27,878,664
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OTEX	Open Text Corp	−540,199	16,812	$373,898
UBER	Uber Technologies, Inc	−154,227	8,979	$645,859
UNP	Union Pacific Corp	−70,553	7,682	$1,863,806
MSFT	Microsoft Corp	−32,100	125,188	$46,340,841
WTW	Willis Towers Watson PLC	−29,465	100,725	$29,280,757
J	Jacobs Solutions Inc.	−20,830	289,641	$36,865,506
V	Visa Inc.	−10,258	126,421	$38,209,483
MELI	Mercadolibre Inc	−7,520	1,799	$3,110,506
LLY	ELI LILLY & Co	−5,465	19,668	$18,090,036
EMA	Emera Inc	−4,000	17,895	$928,213
ASML	Asml Holding NV	−3,355	10,277	$13,574,169
CNQ	Canadian Natural Resources Ltd	−3,058	164,393	$8,010,870
BN	BROOKFIELD Corp /ON/	−2,443	6,267	$253,625
SLF	Sun Life Financial Inc	−1,816	24,773	$1,549,798
RELX	Relx PLC	−1,404	11,724	$388,650
APH	Amphenol Corp /De/	−493	14,629	$1,848,374
MU	Micron Technology Inc	−352	19,690	$6,652,069
WDC	Western Digital Corp	−297	1,910	$516,635
RIO	Rio Tinto PLC	−250	120,181	$11,211,685
NEM	NEWMONT Corp /DE/	−122	9,701	$1,050,133
NTR	Nutrien Ltd.	−69	4,576	$345,304
SNDK	Sandisk Corp	−65	831	$527,967
GLW	Corning Inc /Ny	−54	3,875	$526,883
FNV	FRANCO NEVADA Corp	−39	2,502	$618,119
LRCX	Lam Research Corp	−36	4,577	$977,921
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	279,490	$55,121,017
LULU	lululemon athletica inc.	72,300	$11,069,130
DRI	Darden Restaurants Inc	40,737	$7,986,081
TT	Trane Technologies plc	10,717	$4,466,202
HUBB	Hubbell Inc	8,091	$3,970,577
IMO	Imperial Oil Ltd	9,000	$1,177,380
BG	Bunge Global SA	5,397	$686,498
NXT	Nextpower Inc.	4,523	$545,247
BE	Bloom Energy Corp	3,281	$444,542
RCI	Rogers Communications Inc	11,193	$430,370
STX	Seagate Technology Holdings plc	1,044	$408,997
PWR	Quanta Services, Inc.	666	$365,647
CF	CF Industries Holdings, Inc.	2,811	$364,980
HWM	Howmet Aerospace Inc.	1,458	$336,010
ZIM	ZIM Integrated Shipping Services Ltd.	12,388	$326,423
FISV	Fiserv Inc	5,548	$309,578
ARM	Arm Holdings PLC /Uk	2,019	$305,434
TRGP	Targa Resources Corp.	1,102	$276,304
SHOP	Shopify Inc.	2,296	$272,351
DELL	Dell Technologies Inc.	1,638	$268,844
FANG	Diamondback Energy, Inc.	1,354	$267,807
DTE	Dte Energy Co	1,788	$261,441
TER	Teradyne, Inc	878	$260,291
DLR	Digital Realty Trust, Inc.	1,443	$260,043
SNX	Td Synnex Corp	1,539	$259,644
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
GRTUF	Granite Real Estate Investment Trust	115,424	$6,831,946
EL	Estee Lauder Companies Inc	2,370	$248,186
ENVX	Enovix Corp	17,808	$130,176
CYH	Community Health Systems Inc	14,355	$44,787
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

397 positions · $1,734,253,353 total · as of Mar 31, 2026

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

Showing 1–50 of 397 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RY	Royal Bank Of Canada Financial Services	Added	553,471	+260,118	$89,540,538	+79.0%	5.16%
RBA	Rb Global Inc. Industrials	Added	599,791	+267,372	$57,489,967	+68.1%	3.31%
AZN	Astrazeneca PLC Healthcare	NEW	279,490	NEW	$55,121,017	NEW	3.18%
FTS	Fortis Inc. Utilities	Added	981,216	+443,675	$54,742,040	+96.1%	3.16%
TD	Toronto Dominion Bank Financial Services	Added	572,742	+371,138	$53,442,556	+181.4%	3.08%
CNI	Canadian National Railway Co Industrials	Added	515,357	+247,450	$52,963,238	+100.0%	3.05%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	693,116	+306,555	$51,221,272	+94.2%	2.95%
AAPL	Apple Inc. Technology	Added	193,373	+116,271	$49,076,133	+134.1%	2.83%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Added	489,753	+185,671	$46,404,096	+68.4%	2.68%
MSFT	Microsoft Corp Technology	Reduced	125,188	-32,100	$46,340,841	−39.1%	2.67%
ABT	Abbott Laboratories Healthcare	Added	412,395	+90,170	$42,340,594	+4.9%	2.44%
NVDA	Nvidia Corp Technology	Added	225,481	+50,946	$39,323,886	+20.8%	2.27%
V	Visa Inc. Financial Services	Reduced	126,421	-10,258	$38,209,483	−20.3%	2.20%
J	Jacobs Solutions Inc. Industrials	Reduced	289,641	-20,830	$36,865,506	−10.4%	2.13%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	398,325	+284,461	$31,332,244	+273.7%	1.81%
CMS	Cms Energy Corp Utilities	Added	398,132	+56,342	$30,887,080	+29.2%	1.78%
WCN	Waste Connections, Inc. Industrials	Added	190,066	+122,313	$30,874,321	+159.9%	1.78%
WTW	Willis Towers Watson PLC Financial Services	Reduced	100,725	-29,465	$29,280,757	−31.6%	1.69%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Added	86,003	+6,234	$28,129,001	+13.7%	1.62%
COP	Conocophillips Energy	Added	211,202	+62,073	$27,878,664	+99.7%	1.61%
JPM	Jpmorgan Chase & Co Financial Services	Added	93,986	+8,971	$27,646,921	+0.9%	1.59%
CL	Colgate Palmolive Co Consumer Defensive	Added	320,907	+19,720	$27,350,903	+14.9%	1.58%
WEC	Wec Energy Group, Inc. Utilities	Added	217,803	+14,836	$25,215,053	+17.8%	1.45%
SAP	Sap SE Technology	Added	143,756	+15,854	$24,612,464	−20.8%	1.42%
AMZN	Amazon Com Inc Consumer Cyclical	Added	116,311	+89,597	$24,224,091	+292.9%	1.40%
GIB	Cgi Inc Technology	Added	330,213	+181,881	$24,138,570	+76.3%	1.39%
CBOE	Cboe Global Markets, Inc. Financial Services	Added	79,369	+8,402	$22,308,244	+25.2%	1.29%
AQN	Algonquin Power & Utilities Corp. Utilities	Added	3,535,918	+1,048,080	$21,710,536	+41.9%	1.25%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	152,909	+96,191	$19,550,944	+116.4%	1.13%
MSI	Motorola Solutions, Inc. Technology	Added	43,221	+4,383	$18,756,617	+26.0%	1.08%
LLY	ELI LILLY & Co Healthcare	Reduced	19,668	-5,465	$18,090,036	−33.0%	1.04%
ZTS	Zoetis Inc. Healthcare	Added	149,895	+48,033	$17,719,087	+38.3%	1.02%
BMO	Bank Of Montreal /Can/ Financial Services	Added	130,608	+109,313	$17,676,486	+539.6%	1.02%
WM	Waste Management Inc Industrials	Added	70,291	+68,641	$16,152,168	+4355.5%	0.93%
MFC	Manulife Financial Corp Financial Services	Added	416,206	+5,389	$14,334,134	−3.8%	0.83%
GNTX	Gentex Corp Consumer Cyclical	Added	647,425	+246,235	$14,146,236	+51.5%	0.82%
STN	Stantec Inc Industrials	Added	163,724	+100,512	$14,145,753	+137.2%	0.82%
CIGI	Colliers International Group Inc. Real Estate	Added	127,860	+83,684	$13,666,955	+110.4%	0.79%
ASML	Asml Holding NV Technology	Reduced	10,277	-3,355	$13,574,169	−6.9%	0.78%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	92,525	+19,474	$13,364,311	+27.7%	0.77%
STGW	Stagwell Inc Communication Services	Held	2,039,680	0	$12,829,587	+28.6%	0.74%
NFLX	Netflix Inc Communication Services	Added	126,545	+118,376	$12,167,301	+1488.6%	0.70%
AMD	Advanced Micro Devices Inc Technology	Added	56,073	+53,584	$11,406,930	+2040.0%	0.66%
PBA	Pembina Pipeline Corp Energy	Added	251,656	+2,381	$11,264,122	+18.7%	0.65%
RIO	Rio Tinto PLC Basic Materials	Reduced	120,181	-250	$11,211,685	+16.3%	0.65%
BNS	Bank Of Nova Scotia Financial Services	Added	161,500	+16,524	$11,193,565	+4.8%	0.65%
LULU	lululemon athletica inc. Consumer Cyclical	NEW	72,300	NEW	$11,069,130	NEW	0.64%
GOOGL	Alphabet Inc. Communication Services	Added	37,248	+3,934	$10,711,034	+2.7%	0.62%
TRI	Thomson Reuters Corp /Can/ Industrials	Added	107,248	+58,963	$9,650,175	+51.5%	0.56%
XOM	Exxon Mobil Corp Energy	Added	55,452	+7,258	$9,407,986	+62.2%	0.54%