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Asset Manager ← All Institutions

CIDEL ASSET MANAGEMENT INC

60 BLOOR ST. W, 9TH FLOOR, TORONTO M4W 3B8 • 416-977-6767

Q4 2025 · Filed 2026-01-21
Market Value
$1.3B
-17.7%
Holdings
374
New Purchases
22
Added To
118
Closed
15
Reduced
138
Top 10 Concentration
32.2%
Turnover
9.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
V 3.70% 2.89% +0.81% $48M
LLY 2.08% 1.29% +0.79% $27M
MAR 1.91% 1.45% +0.46% $25M
TFII 0.37% 0.00% +0.37% $5M
AAPL 1.62% 1.26% +0.35% $21M
MSFT 5.87% 5.51% +0.35% $76M
WTW 3.30% 2.97% +0.32% $43M
JPM 2.11% 1.84% +0.27% $27M
GOOGL 0.80% 0.54% +0.27% $10M
ABT 3.11% 2.85% +0.26% $40M
RIO 0.74% 0.50% +0.24% $10M
CL 1.84% 1.60% +0.24% $24M
CMS 1.84% 1.61% +0.23% $24M
MSI 1.15% 0.93% +0.22% $15M
MU 0.44% 0.23% +0.21% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RY 3.86% 5.57% -1.71% $50M
TD 1.47% 2.87% -1.41% $19M
GIB 1.06% 2.36% -1.30% $14M
FTS 2.16% 3.10% -0.94% $28M
WCN 0.92% 1.83% -0.91% $12M
OTEX 1.40% 2.31% -0.91% $18M
CIGI 0.50% 1.33% -0.83% $7M
QSR 2.04% 2.80% -0.76% $26M
CNI 2.05% 2.70% -0.65% $27M
STN 0.46% 1.06% -0.60% $6M
DSGX 0.37% 0.88% -0.52% $5M
CM 2.13% 2.58% -0.45% $28M
BMO 0.21% 0.49% -0.27% $3M
ZTS 0.99% 1.10% -0.11% $13M
UBER 1.03% 1.13% -0.10% $13M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 28.5%
Technology 16.0%
Industrials 10.8%
Healthcare 10.1%
Consumer Cyclical 9.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 65 $481M 37.1%
Large Cap 272 $717M 55.3%
Mid Cap 22 $72M 5.6%
Small Cap 14 $27M 2.1%
Micro Cap 1 $121K 0.0%

Portfolio Analytics

Avg Market Cap
$203.8B
Median Market Cap
$64.9B
Avg P/E
29.1
Median P/E
22.6
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
334
# ETFs / Funds
40

Top Holdings (374 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.87% 157,288 $76M $483.62 -$11M -10,475 -6.2%
2 RY 3.86% 293,353 $50M $170.70 -$38M -302,025 -50.7%
3 V 3.70% 136,679 $48M $350.71 $2M +3,468 +2.6%
4 WTW 3.30% 130,190 $43M $328.60 -$4M -5,548 -4.1%
5 J 3.17% 310,471 $41M $132.46 -$8M -20,391 -6.2%
6 ABT 3.11% 322,225 $40M $125.29 -$5M -13,616 -4.0%
7 NVDA 2.51% 174,535 $33M $186.50 -$7M -38,231 -18.0%
8 SAP 2.40% 127,902 $31M $242.91 -$6M -11,371 -8.2%
9 FTS 2.16% 537,541 $28M $52.06 -$21M -425,520 -44.2%
10 CM 2.13% 304,082 $28M $90.78 -$13M -204,288 -40.2%
11 JPM 2.11% 85,015 $27M $322.22 -$2M -6,897 -7.5%
12 LLY 2.08% 25,133 $27M $1,074.68 $7M -1,593 -6.0%
13 CNI 2.05% 267,907 $27M $99.03 -$16M -182,736 -40.5%
14 QSR 2.04% 386,561 $26M $68.33 -$18M -301,568 -43.8%
15 MAR 1.91% 79,769 $25M $310.24 $2M -7,916 -9.0%
16 CMS 1.84% 341,790 $24M $69.93 -$1M -4,939 -1.4%
17 CL 1.84% 301,187 $24M $79.02 -$1M -13,457 -4.3%
18 WEC 1.65% 202,967 $21M $105.46 -$2M -3,546 -1.7%
19 AAPL 1.62% 77,102 $21M $271.86 $1M -1,022 -1.3%
20 TD 1.47% 201,604 $19M $94.37 -$26M -364,589 -64.4%
21 MELI 1.45% 9,319 $19M $2,014.26 -$5M -992 -9.6%
22 OTEX 1.40% 557,011 $18M $32.61 -$18M -416,306 -42.8%
23 UNP 1.40% 78,235 $18M $231.32 -$2M -6,316 -7.5%
24 0HQN.L 1.37% 70,967 $18M $251.00 -$3M -11,892 -14.3%
25 AQN 1.18% 2,487,838 $15M $6.16 -$2M -765,774 -23.5%
26 RSP 1.15% 78,090 $15M $191.56 $145K
27 MFC 1.15% 410,817 $15M $36.36 -$212K -75,326 -15.5%
28 MSI 1.15% 38,838 $15M $383.32 $226K +6,777 +21.1%
29 PXH 1.13% 569,521 $15M $25.81 $121K -3,995 -0.7%
30 ASML 1.12% 13,632 $15M $1,069.86 -$2M -3,919 -22.3%
31 COP 1.08% 149,129 $14M $93.61 -$934K -8,326 -5.3%
32 GIB 1.06% 148,332 $14M $92.49 -$23M -268,470 -64.4%
33 UBER 1.03% 163,206 $13M $81.71 -$4M -18,801 -10.3%
34 ZTS 0.99% 101,862 $13M $125.82 -$5M -16,513 -13.9%
35 WCN 0.92% 67,753 $12M $175.61 -$17M -95,922 -58.6%
36 BNS 0.83% 144,976 $11M $73.85 -$622K -30,176 -17.2%
37 PG 0.81% 73,051 $10M $143.31 -$1M -4,224 -5.5%
38 GOOGL 0.80% 33,314 $10M $313.00 $2M -1,592 -4.6%
39 STGW 0.77% 2,039,680 $10M $4.89 -$2M
40 RIO 0.74% 120,431 $10M $80.03 $2M +280 +0.2%
41 TSLA 0.74% 21,343 $10M $449.72 -$224K -744 -3.4%
42 PBA 0.73% 249,275 $10M $38.15 -$490K +2,031 +0.8%
43 GNTX 0.72% 401,190 $9M $23.27 -$3M -49,590 -11.0%
44 GOOG 0.64% 26,256 $8M $313.80 $2M -1,357 -4.9%
45 BRK-A 0.58% 10 $8M $754,800.00 $6K
46 VIG 0.53% 31,400 $7M $219.78 $135K +45 +0.1%
47 CCJ 0.53% 75,000 $7M $91.69 $581K
48 CIGI 0.50% 44,176 $7M $147.17 -$14M -89,951 -67.1%
49 AMZN 0.48% 26,714 $6M $230.82 $1M +4,336 +19.4%
50 VEA 0.47% 98,204 $6M $62.47 $50K -3,342 -3.3%
51 VOO 0.47% 9,759 $6M $627.13 $136K -13 -0.1%
52 STN 0.46% 63,212 $6M $94.49 -$11M -92,318 -59.4%
53 XOM 0.45% 48,194 $6M $120.34 $419K +472 +1.0%
54 MU 0.44% 20,042 $6M $285.41 $2M -1,267 -6.0%
55 CNQ 0.44% 167,451 $6M $33.92 $799K +14,847 +9.7%
56 NGG 0.42% 71,157 $6M $77.35 $1M +10,830 +17.9%
57 PRF 0.42% 117,039 $5M $46.92 $271K +1,559 +1.4%
58 BRK-B 0.39% 10,031 $5M $502.65 -$136K -268 -2.6%
59 TFII 0.37% 46,270 $5M $103.50 +46,270 NEW
60 DSGX 0.37% 54,048 $5M $87.84 -$9M -93,812 -63.5%
61 CVX 0.34% 28,993 $4M $152.41 $107K +1,225 +4.4%
62 FNDX 0.33% 155,097 $4M $27.21 -$548K -26,196 -14.4%
63 META 0.30% 5,805 $4M $660.09 -$430K +2 +0.0%
64 HLN 0.28% 364,453 $4M $10.11 -$358K -86,236 -19.1%
65 BAC 0.28% 65,463 $4M $55.00 $142K -1,580 -2.4%
66 IVV 0.26% 5,009 $3M $684.94 $78K
67 WFC 0.24% 33,993 $3M $93.20 $212K -1,277 -3.6%
68 INTC 0.24% 84,315 $3M $36.90 -$82K -10,852 -11.4%
69 UNH 0.23% 9,192 $3M $330.11 $302K +1,278 +16.1%
70 JNJ 0.23% 14,583 $3M $206.95 $141K -935 -6.0%
71 WMT 0.23% 27,085 $3M $111.42 $146K -784 -2.8%
72 BMO 0.21% 21,295 $3M $130.04 -$5M -37,398 -63.7%
73 VZ 0.21% 67,973 $3M $40.73 -$137K +1,855 +2.8%
74 CVS 0.21% 34,098 $3M $79.36 $76K -785 -2.2%
75 C 0.20% 22,496 $3M $116.69 $61K -2,762 -10.9%
76 T 0.19% 97,317 $2M $24.84 -$356K -875 -0.9%
77 NEE 0.18% 29,177 $2M $80.28 $464K +4,299 +17.3%
78 GM 0.18% 28,525 $2M $81.32 $594K +223 +0.8%
79 AEM 0.17% 13,299 $2M $169.80 $18K
80 ENB 0.17% 46,095 $2M $47.92 -$351K -4,639 -9.1%
81 IBM 0.17% 7,329 $2M $296.21 -$53K -552 -7.0%
82 CSCO 0.16% 27,012 $2M $77.03 $91K -2,076 -7.1%
83 APH 0.16% 15,122 $2M $135.14 -$293K -3,760 -19.9%
84 PXF 0.15% 30,279 $2M $65.55 $165K +527 +1.8%
85 MKC 0.15% 29,053 $2M $68.11 -$2M -23,915 -45.1%
86 AWK 0.15% 14,947 $2M $130.50 -$1M -7,623 -33.8%
87 PFE 0.15% 77,953 $2M $24.90 -$66K -814 -1.0%
88 CMCSA 0.15% 64,571 $2M $29.89 -$402K -9,654 -13.0%
89 COST 0.15% 2,197 $2M $862.34 -$44K +103 +4.9%
90 SCHW 0.14% 18,028 $2M $99.91 $80K
91 MRK 0.14% 17,060 $2M $105.26 $390K +307 +1.8%
92 HD 0.13% 5,051 $2M $344.10 -$168K +348 +7.4%
93 COF 0.13% 7,087 $2M $242.36 $195K -74 -1.0%
94 ABBV 0.13% 7,483 $2M $228.49 -$68K -194 -2.5%
95 SLF 0.13% 26,589 $2M $62.51 -$39K -1,728 -6.1%
96 FNDF 0.13% 36,535 $2M $45.21 $24K -1,365 -3.6%
97 VTI 0.12% 4,750 $2M $335.27 $32K -5 -0.1%
98 GS 0.12% 1,789 $2M $879.00 $96K -65 -3.5%
99 AVGO 0.12% 4,434 $2M $346.10 -$172K -739 -14.3%
100 BMY 0.11% 27,146 $1M $53.94 $362K +2,700 +11.0%

New Positions

SymbolValue% Port
TFII $5M 0.37%
URTH $1M 0.11%
EFA $720K 0.06%
BIZD $346K 0.03%
Q $309K 0.02%
OMC $303K 0.02%
MRNA $269K 0.02%
CAH $247K 0.02%
EXPD $244K 0.02%
VRTX $241K 0.02%
IQV $237K 0.02%
CEF $227K 0.02%
KVUE $223K 0.02%
KDP $216K 0.02%
ROK $214K 0.02%

Sold Out Positions

SymbolValue% Port
VST —%
LSPD —%
RCI —%
NRG —%
BA —%
CLS —%
DTE —%
TU —%
DCBO —%
MPWR —%
EZU —%
SHOP —%
IMO —%
PAYX —%
FI —%
View SEC EDGAR Filings for CIDEL ASSET MANAGEMENT INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms