CIDEL ASSET MANAGEMENT INC

CIK

1621915

Location

TORONTO, A6

Portfolio Value

Micro $25,761,156

Diversification

Diversified

Filing Date

Global Rank

#1,302 / 8,588 ▲ 293

Top Industry

Banks - Diversified 14.8%

3Y Alpha vs SPY

-9.8%

Period ended 3 months ago

Filed Apr 17, 2026 · 2mo

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

+38.5%

SPY

+76.8%

Annualised alpha

-9.4%

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

29 positions · $25,761,156 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
HUN	Huntsman CORP Basic Materials	NEW	10,925	NEW	$145,411	NEW	0.56%
CLF	Cleveland-Cliffs Inc. Basic Materials	Added	21,662	+3,477	$183,043	−24.2%	0.71%
OLN	OLIN Corp Basic Materials	NEW	7,140	NEW	$212,272	NEW	0.82%
EMN	Eastman Chemical Co Basic Materials	NEW	2,868	NEW	$218,885	NEW	0.85%
ECL	Ecolab Inc. Basic Materials	NEW	840	NEW	$223,456	NEW	0.87%
WPM	Wheaton Precious Metals Corp. Basic Materials	Held	1,720	0	$225,337	+11.5%	0.87%
ALB	Albemarle Corp Basic Materials	NEW	1,277	NEW	$229,259	NEW	0.89%
CE	Celanese Corp Basic Materials	NEW	3,648	NEW	$239,928	NEW	0.93%
PPG	Ppg Industries Inc Basic Materials	Added	2,328	+373	$248,816	+24.2%	0.97%
SHW	Sherwin Williams Co Basic Materials	Added	795	+106	$254,837	+14.1%	0.99%
AA	Alcoa Corp Basic Materials	NEW	3,892	NEW	$258,156	NEW	1.00%
MOS	Mosaic Co Basic Materials	Added	10,813	+1,736	$275,731	+26.1%	1.07%
RS	Reliance, Inc. Basic Materials	Added	970	+156	$294,802	+25.4%	1.14%
BTG	B2gold Corp Basic Materials	Held	69,000	0	$312,570	+0.4%	1.21%
NTR	Nutrien Ltd. Basic Materials	Reduced	4,576	-69	$345,304	+20.4%	1.34%
CF	CF Industries Holdings, Inc. Basic Materials	NEW	2,811	NEW	$364,980	NEW	1.42%
DD	DuPont de Nemours, Inc. Basic Materials	Added	8,108	+535	$371,346	+22.0%	1.44%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	1,392	+289	$404,362	+48.4%	1.57%
CTVA	Corteva, Inc. Basic Materials	Added	5,110	+820	$427,758	+48.8%	1.66%
STLD	Steel Dynamics Inc Basic Materials	Added	2,552	+371	$459,360	+24.3%	1.78%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	2,502	-39	$618,119	+17.4%	2.40%
FCX	Freeport-Mcmoran Inc Basic Materials	Added	10,782	+1,057	$633,765	+28.3%	2.46%
B	Barrick Mining Corp Basic Materials	Held	18,500	0	$754,615	−6.3%	2.93%
LYB	LyondellBasell Industries N.V. Basic Materials	Added	9,803	+2,295	$789,729	+142.9%	3.07%
NUE	Nucor Corp Basic Materials	Added	5,524	+774	$934,108	+20.6%	3.63%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	9,701	-122	$1,050,133	+7.1%	4.08%
DOW	Dow Inc. Basic Materials	Added	30,839	+6,474	$1,284,444	+125.5%	4.99%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	13,740	+441	$2,788,945	+23.7%	10.83%
RIO	Rio Tinto PLC Basic Materials	Reduced	120,181	-250	$11,211,685	+16.3%	43.52%