CIDEL ASSET MANAGEMENT INC
Filing Date
Global Rank
#1,302
/ 8,586
▲ 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 SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+38.4%
SPY
+78.1%
Annualised alpha
-9.8%
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, 2025Top 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 |
|---|---|---|
| Financial Services | 22.5% | $389,773,191 |
| Industrials | 16.6% | $287,912,173 |
| Technology | 15.9% | $275,861,238 |
| Consumer Cyclical | 10.6% | $183,254,841 |
| Healthcare | 10.0% | $173,197,042 |
| Utilities | 8.9% | $154,337,181 |
| Energy | 6.0% | $103,307,005 |
| Consumer Defensive | 3.7% | $64,610,472 |
| Communication Services | 3.3% | $56,677,642 |
| Basic Materials | 1.5% | $25,761,156 |
| Real Estate | 0.9% | $16,341,167 |
| Unclassified | 0.2% | $3,220,245 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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
29 positions ·
$64,610,472 total
· Consumer Defensive 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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Added | 320,907 | $27,350,903 | 42.33% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 92,525 | $13,364,311 | 20.68% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 32,012 | $3,978,451 | 6.16% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 2,686 | $2,676,410 | 4.14% | |
| MKC |
Mccormick & Co Inc
Consumer Defensive
|
Added | 41,138 | $2,075,000 | 3.21% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 10,870 | $1,688,002 | 2.61% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Added | 9,014 | $1,490,374 | 2.31% | |
| TGT |
Target Corp
Consumer Defensive
|
Added | 11,512 | $1,395,254 | 2.16% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 16,517 | $1,256,117 | 1.94% | |
| MO |
Altria Group, Inc.
Consumer Defensive
|
Added | 18,731 | $1,236,058 | 1.91% | |
| ADM |
Archer-Daniels-Midland Co
Consumer Defensive
|
Added | 15,892 | $1,155,189 | 1.79% | |
| KR |
Kroger Co
Consumer Defensive
|
Added | 12,484 | $903,342 | 1.40% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
Added | 12,969 | $747,533 | 1.16% | |
| BG |
Bunge Global SA
Consumer Defensive
|
NEW | 5,397 | $686,498 | 1.06% | |
| TSN |
Tyson Foods, Inc.
Consumer Defensive
|
Added | 9,477 | $607,191 | 0.94% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Added | 4,083 | $484,774 | 0.75% | |
| GIS |
General Mills Inc
Consumer Defensive
|
Added | 11,885 | $442,359 | 0.68% | |
| KHC |
Kraft Heinz Co
Consumer Defensive
|
Added | 19,235 | $432,595 | 0.67% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Added | 2,829 | $309,803 | 0.48% | |
| SYY |
Sysco Corp
Consumer Defensive
|
Added | 4,329 | $308,787 | 0.48% | |
| KVUE |
Kenvue Inc.
Consumer Defensive
|
Added | 16,213 | $279,512 | 0.43% | |
| KDP |
Keurig Dr Pepper Inc.
Consumer Defensive
|
Added | 10,272 | $270,461 | 0.42% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Added | 2,680 | $258,539 | 0.40% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
NEW | 1,712 | $256,800 | 0.40% | |
| USFD |
US Foods Holding Corp.
Consumer Defensive
|
NEW | 2,677 | $246,846 | 0.38% | |
| ACI |
Albertsons Companies, Inc.
Consumer Defensive
|
Added | 13,411 | $228,523 | 0.35% | |
| PFGC |
Performance Food Group Co
Consumer Defensive
|
NEW | 2,372 | $203,185 | 0.31% | |
| CAG |
Conagra Brands Inc.
Consumer Defensive
|
NEW | 11,870 | $186,596 | 0.29% | |
| NWL |
Newell Brands Inc.
Consumer Defensive
|
Added | 26,548 | $91,059 | 0.14% |