1y return+10.8%S&P 500 +20.9%
3y return+58.1%S&P 500 +68.5%
5y return+49.2%S&P 500 +74.5%
10y return+129.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $229 against $357 in the S&P 500.2
Cidel Asset Management IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| RYRoyal Bk Cda | $107.9M | 5.2% | −5.8% |
| AAPLApple Inc | $81.3M | 3.9% | +45.2% |
| NVDANvidia Corporation | $55.3M | 2.7% | +22.7% |
| TDToronto Dominion Bk Ont | $54.5M | 2.6% | −21.7% |
| BMOBank Montreal Medium | $51.9M | 2.5% | +125.1% |
| FTSFortis Inc | $51.9M | 2.5% | −7.6% |
| MSFTMicrosoft Corp | $49.5M | 2.4% | +6.0% |
| CNICanadian Natl Ry Co | $48.2M | 2.3% | −21.7% |
| Astrazeneca PLCCUSIP G0593M107 | $44.5M | 2.1% | −16.0% |
| VVisa Inc | $44.1M | 2.1% | +1.6% |
| RBARb Global Inc | $43.9M | 2.1% | −37.1% |
| CMCanadian Imperial Bank Of Co | $43.8M | 2.1% | −22.3% |
| AMZNAmazon Com Inc | $39.0M | 1.9% | +40.7% |
| QSRRestaurant Brands Intl Inc | $38.1M | 1.8% | −24.1% |
| MFCManulife Finl Corp | $33.6M | 1.6% | +98.9% |
| WCNWaste Connections Inc | $33.0M | 1.6% | +4.2% |
| JPMJpmorgan Chase & Co | $31.9M | 1.5% | +3.7% |
| CMSCms Energy Corp | $31.0M | 1.5% | +1.9% |
| BNSBank Nova Scotia B C | $30.7M | 1.5% | +119.1% |
| KOCoca Cola Co | $29.4M | 1.4% | +2091.3% |
| JJacobs Solutions Inc | $28.6M | 1.4% | −21.6% |
| WECWec Energy Group Inc | $26.0M | 1.2% | +2.1% |
| Asml Hldg NvCUSIP N07059210 | $25.5M | 1.2% | +24.7% |
| LLYEli Lilly & Co | $23.8M | 1.1% | |
| MUMicron Technology Inc | $23.6M | 1.1% | +4.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CNQCanadian Nat Res Ltd Med Ter | June 30, 2020 | +354.1% | $19.4M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $31.9M |
| CMCanadian Imperial Bank Of Co | June 30, 2020 | +243.6% | $43.8M |
| BMOBank Montreal Medium | June 30, 2020 | +233.0% | $51.9M |
| AMDAdvanced Micro Devices Inc | March 31, 2024 | +221.9% | $20.0M |
| SUSuncor Energy Inc New | June 30, 2020 | +218.4% | $20.3M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $81.3M |
| RYRoyal Bk Cda | June 30, 2020 | +205.3% | $107.9M |
| Asml Hldg NvCUSIP N07059210 | March 31, 2025 | +200.2% | $25.5M |
| MFCManulife Finl Corp | June 30, 2020 | +197.5% | $33.6M |
Sold off last quarter
- Thomson Reuters CorpCUSIP 884903808 was $9.6M
- Honeywell Intl IncCUSIP 438516106 was $973K
- RELXRelx PLC was $389K
- Dupont De Nemours IncCUSIP 26614N102 was $371K
- CTRACoterra Energy Inc was $321K
- EEMIshares Tr was $320K
- AAAlcoa Corp was $258K
- CECelanese Corp Del was $240K
- ALBAlbemarle Corp was $229K
- OLNOlin Corp was $212K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.4% | +14.8% |
| March 31, 2026 | −2.5% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | +4.1% | +7.8% |
| June 30, 2025 | +7.2% | +10.5% |
| March 31, 2025 | +14.3% | −4.6% |
| December 31, 2024 | −2.9% | +2.1% |
| September 30, 2024 | +11.8% | +5.4% |
| June 30, 2024 | −1.8% | +4.0% |
| March 31, 2024 | +4.1% | +10.0% |
| December 31, 2023 | +11.9% | +11.2% |
| September 30, 2023 | −6.2% | −3.6% |
| June 30, 2023 | +2.8% | +8.3% |
| March 31, 2023 | +3.8% | +7.0% |
| December 31, 2022 | +5.1% | +7.1% |
| September 30, 2022 | −9.2% | −5.3% |
| June 30, 2022 | −14.3% | −16.5% |
| March 31, 2022 | +2.8% | −4.9% |
| December 31, 2021 | +7.2% | +10.7% |
| September 30, 2021 | −2.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Cidel Asset Management Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1621915&type=13F-HR&dateb=&owner=include&count=40CIK 1621915
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1621915/000162191526000003/Filed July 17, 2026 · accession 0001621915-26-000003