Institutional Manager · CIK 0001621915
CIDEL ASSET MANAGEMENT INC
TORONTO, ONTARIO, A6 · File #028-16679
Latest AUM
$1.41B
Positions
365
Top-10 Concentration
41.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ROYAL BK CDA | 780087102 | -302,025 | -$51.6M | +$13.9M |
| REDUCE | RB GLOBAL INC | RBA | -376,044 | -$38.8M | -$3.7M |
| REDUCE | TORONTO DOMINION BK ONT | TORO | -364,589 | -$34.4M | +$8.2M |
| REDUCE | CGI INC | GIB | -268,470 | -$24.8M | +$1.4M |
| REDUCE | FORTIS INC | FTRSF | -425,520 | -$22.2M | +$1.3M |
| REDUCE | RESTAURANT BRANDS INTL INC | 76131D103 | -301,568 | -$20.6M | +$2.9M |
| REDUCE | CANADIAN IMPERIAL BANK OF CO | CNDIF | -204,288 | -$18.5M | +$5.5M |
| REDUCE | CANADIAN NATL RY CO | 136375102 | -182,736 | -$18.1M | +$2.1M |
| REDUCE | WASTE CONNECTIONS INC | WCN | -95,922 | -$16.8M | -$36,898 |
| REDUCE | OPEN TEXT CORP | OTEX | -416,306 | -$13.6M | -$4.7M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025365 pos · $1.41B
- 13F HOLDINGS REPORTQ/E Sep 2025357 pos · $1.74B
- 13F HOLDINGS REPORTQ/E Jun 2025360 pos · $1.66B
- 13F HOLDINGS REPORTQ/E Mar 2025340 pos · $1.53B
- 13F HOLDINGS REPORTQ/E Dec 2024340 pos · $1.49B
- 13F HOLDINGS REPORTQ/E Sep 2024348 pos · $1.42B
- 13F HOLDINGS REPORTQ/E Jun 2024319 pos · $1.29B
- 13F HOLDINGS REPORTQ/E Mar 2024329 pos · $1.32B
- 13F HOLDINGS REPORTQ/E Dec 2023143 pos · $2.00B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 157,288 | $76.1M | 6.96% |
| 2 | ASTRAZENECA PLC | AZN | 562,431 | $51.7M | 4.73% |
| 3 | ROYAL BK CDA | 780087102 | 293,353 | $50.1M | 4.58% |
| 4 | VISA INC | V | 136,679 | $47.9M | 4.39% |
| 5 | WILLIS TOWERS WATSON PLC LTD | WTW | 130,190 | $42.8M | 3.92% |
| 6 | JACOBS SOLUTIONS INC | J | 310,471 | $41.1M | 3.76% |
| 7 | ABBOTT LABS | ABLZF | 322,225 | $40.4M | 3.70% |
| 8 | RB GLOBAL INC | RBA | 332,419 | $34.3M | 3.14% |
| 9 | NVIDIA CORPORATION | NVDA | 174,535 | $32.6M | 2.98% |
| 10 | SAP SE | SAPGF | 127,902 | $31.1M | 2.84% |
| 11 | FORTIS INC | FTRSF | 537,541 | $28.0M | 2.56% |
| 12 | CANADIAN IMPERIAL BANK OF CO | CNDIF | 304,082 | $27.6M | 2.53% |
| 13 | JPMORGAN CHASE & CO. | VYLD | 85,015 | $27.4M | 2.51% |
| 14 | ELI LILLY & CO | LLY | 25,133 | $27.0M | 2.47% |
| 15 | CANADIAN NATL RY CO | 136375102 | 267,907 | $26.5M | 2.43% |
| 16 | RESTAURANT BRANDS INTL INC | 76131D103 | 386,561 | $26.4M | 2.42% |
| 17 | MARRIOTT INTL INC NEW | 571903202 | 79,769 | $24.7M | 2.27% |
| 18 | CMS ENERGY CORP | CMS-PC | 341,790 | $23.9M | 2.19% |
| 19 | COLGATE PALMOLIVE CO | CL | 301,187 | $23.8M | 2.18% |
| 20 | WEC ENERGY GROUP INC | WEC | 202,967 | $21.4M | 1.96% |