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CAM
Cidel Asset Management Portfolio holdings
AUM
$2.08B
1-Year Est. Return
24.89%
This Fund
S&P 500
This Quarter
Est. Return
-4.72%
1 Year Est. Return
+24.89%
3 Year Est. Return
+69.14%
5 Year Est. Return
+82.64%
10 Year Est. Return
+258%
AUM
$2B
AUM Growth
-$208M
(-9.4%)
Cap. Flow
-$91.1M
Cap. Flow
% of AUM
-4.55%
Top 10 Holdings %
Top 10 Hldgs %
40.45%
Holding
154
New
4
Increased
47
Reduced
53
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RB Global
RBA
|
+$28.4M |
| 2 |
Fortis
FTS
|
+$18.6M |
| 3 |
Cboe Global Markets
CBOE
|
+$8.39M |
| 4 |
Open Text
OTEX
|
+$5.78M |
| 5 |
Colgate-Palmolive
CL
|
+$5.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TC Energy
TRP
|
+$33.8M |
| 2 |
Johnson & Johnson
JNJ
|
+$26.8M |
| 3 |
Telus
TU
|
+$19.6M |
| 4 |
Pultegroup
PHM
|
+$14.5M |
| 5 |
CGI
GIB
|
+$11.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.33% |
| 2 | Industrials | 18.5% |
| 3 | Technology | 14.89% |
| 4 | Energy | 11.96% |
| 5 | Materials | 6.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Royal Bank of Canada
RY
$291B
| $130M | 6.52% |
1,484,846
-46,160
| -3% | -$4.29M |
|
2
Toronto Dominion Bank
TD
$198B
| $113M | 5.64% |
1,862,550
-38,603
| -2% | -$2.41M |
|
3
Canadian Natural Resources
CNQ
$96.9B
| $88.7M | 4.43% |
2,731,024
-44,222
| -2% | -$1.35M |
|
|
4
RB Global
RBA
$20.8B
| $86.5M | 4.33% |
1,375,673
+460,858
| +50% | +$28.4M |
|
|
5
Open Text
OTEX
$5.43B
| $72.9M | 3.65% |
2,068,360
+147,643
| +8% | +$5.78M |
|
6
Canadian National Railway
CNI
$78.3B
| $70.7M | 3.53% |
649,695
-17,536
| -3% | -$2.01M |
|
7
Bank of Montreal
BMO
$125B
| $63.9M | 3.19% |
753,814
-29,045
| -4% | -$2.55M |
|
8
Restaurant Brands International
QSR
$25.1B
| $63.2M | 3.16% |
944,737
-48,820
| -5% | -$3.51M |
|
|
9
CGI
GIB
$13.9B
| $60.2M | 3.01% |
607,759
-112,414
| -16% | -$11.5M |
|
10
Enbridge
ENB
$124B
| $60M | 3% |
1,801,348
-45,168
| -2% | -$1.6M |
|
11
Canadian Pacific Kansas City
CP
$82B
| $55.4M | 2.77% |
742,408
-14,550
| -2% | -$1.15M |
|
12
Brookfield
BN
$102B
| $54.1M | 2.7% |
2,582,385
-100,941
| -4% | -$2.27M |
|
13
Microsoft
MSFT
$2.84T
| $49.3M | 2.47% |
156,212
-295
| -0.2% | -$97.5K |
|
|
14
Fortis
FTS
$30B
| $46.5M | 2.32% |
1,218,177
+455,435
| +60% | +$18.6M |
|
15
Shopify
SHOP
$148B
| $46.1M | 2.31% |
841,328
+7,324
| +0.9% | +$444K |
|
16
Scotiabank
BNS
$106B
| $43.8M | 2.19% |
973,795
-35,253
| -3% | -$1.69M |
|
17
Thomson Reuters
TRI
$39.4B
| $40.2M | 2.01% |
322,182
-5,417
| -2% | -$714K |
|
18
Suncor Energy
SU
$77.7B
| $39.7M | 1.98% |
1,149,093
+12,259
| +1% | +$393K |
|
19
Manulife Financial
MFC
$72.6B
| $38.7M | 1.94% |
2,109,278
+19,661
| +0.9% | +$372K |
|
20
Visa
V
$677B
| $38.4M | 1.92% |
167,081
+380
| +0.2% | +$91.3K |
|
21
AstraZeneca
AZN
$263B
| $37.5M | 1.87% |
276,809
+382
| +0.1% | +$52.2K |
|
22
Franco-Nevada
FNV
$41.4B
| $34.5M | 1.73% |
257,535
+12,855
| +5% | +$1.82M |
|
|
WCN
23
Waste Connections
WCN
$42.8B
| $31.8M | 1.59% |
235,596
+12,960
| +6% | +$1.81M |
|
24
Analog Devices
ADI
$181B
| $27M | 1.35% |
154,262
-1,200
| -0.8% | -$221K |
|
25
CMS Energy
CMS
$23.1B
| $26.7M | 1.33% |
502,277
+22,434
| +5% | +$1.3M |
|
Similar funds
SW
AG
TA
ACP
TP
BC
NSUP
ACG
Cidel Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Cidel Asset Management held 154 positions worth $2B, down 9.4% from $2.21B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Cidel Asset Management withdrew a net $91.1M in Q3 2023, closing 18 positions and reducing 53 holdings. Its most notable exit was TELUS International, an estimated $4.79M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 27% a quarter earlier, followed by Industrials and Technology.
Against the trend, Cidel Asset Management opened a new position in Cboe Global Markets worth $8.91M.
- Cidel Asset Management's largest Q3 2023 buy was Cboe Global Markets: 57,038 shares worth $8.91M.
- Cidel Asset Management added most to RB Global in Q3 2023, an estimated $28.4M increase.
- Cidel Asset Management's biggest Q3 2023 reduction was TC Energy, cutting an estimated $33.8M.
- Cidel Asset Management fully exited TELUS International in Q3 2023, selling an estimated $4.79M.
- Cidel Asset Management's ten largest holdings make up 40% of its $2B portfolio in Q3 2023.
- Cidel Asset Management opened 4 new positions and closed 18 in Q3 2023.
- Cidel Asset Management's portfolio value fell 9.4% quarter-over-quarter to $2B.
Based on Cidel Asset Management's 13F filing for Q3 2023, filed 8 Nov 2023.