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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
+13.64%
1 Year Est. Return
+24.89%
3 Year Est. Return
+69.14%
5 Year Est. Return
+82.64%
10 Year Est. Return
+258%
AUM
$2.33B
AUM Growth
+$334M
(+17%)
Cap. Flow
+$86M
Cap. Flow
% of AUM
3.68%
Top 10 Holdings %
Top 10 Hldgs %
38.09%
Holding
320
New
180
Increased
63
Reduced
52
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WEC Energy
WEC
|
+$22.4M |
| 2 |
Wheaton Precious Metals
WPM
|
+$14.9M |
| 3 |
Rockwell Automation
ROK
|
+$13.6M |
| 4 |
Agnico Eagle Mines
AEM
|
+$9.01M |
| 5 |
Apple
AAPL
|
+$8.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franco-Nevada
FNV
|
+$31M |
| 2 |
CMS Energy
CMS
|
+$27.6M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$19.2M |
| 4 |
Brookfield
BN
|
+$13M |
| 5 |
Fortinet
FTNT
|
+$11.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.22% |
| 2 | Industrials | 18.9% |
| 3 | Technology | 15.91% |
| 4 | Energy | 9.99% |
| 5 | Consumer Discretionary | 5.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Royal Bank of Canada
RY
$291B
| $149M | 6.37% |
1,463,334
-21,512
| -1% | -$1.9M |
|
2
Toronto Dominion Bank
TD
$198B
| $119M | 5.11% |
1,838,361
-24,189
| -1% | -$1.45M |
|
3
RB Global
RBA
$20.8B
| $89.2M | 3.82% |
1,327,146
-48,527
| -4% | -$3.12M |
|
4
Open Text
OTEX
$5.43B
| $87M | 3.73% |
2,059,864
-8,496
| -0.4% | -$319K |
|
5
Canadian National Railway
CNI
$78.3B
| $84.5M | 3.62% |
669,353
+19,658
| +3% | +$2.23M |
|
6
Canadian Natural Resources
CNQ
$96.9B
| $81.9M | 3.51% |
2,487,752
-243,272
| -9% | -$7.87M |
|
7
Bank of Montreal
BMO
$125B
| $73.5M | 3.15% |
739,637
-14,177
| -2% | -$1.18M |
|
8
Restaurant Brands International
QSR
$25.1B
| $72M | 3.08% |
916,912
-27,825
| -3% | -$1.94M |
|
9
Microsoft
MSFT
$2.84T
| $67.2M | 2.88% |
178,639
+22,427
| +14% | +$7.98M |
|
10
Shopify
SHOP
$148B
| $65.8M | 2.82% |
841,128
-200
| -0% | -$12.8K |
|
11
Enbridge
ENB
$124B
| $64.2M | 2.75% |
1,774,365
-26,983
| -1% | -$910K |
|
12
CGI
GIB
$13.9B
| $63.3M | 2.71% |
587,863
-19,896
| -3% | -$2.02M |
|
13
Canadian Pacific Kansas City
CP
$82B
| $58.5M | 2.51% |
735,558
-6,850
| -0.9% | -$501K |
|
|
14
Brookfield
BN
$102B
| $54M | 2.31% |
2,010,897
-571,488
| -22% | -$13M |
|
15
Fortis
FTS
$30B
| $49.1M | 2.1% |
1,187,731
-30,446
| -2% | -$1.23M |
|
16
Scotiabank
BNS
$106B
| $46.9M | 2.01% |
958,630
-15,165
| -2% | -$668K |
|
17
Thomson Reuters
TRI
$39.4B
| $46.7M | 2% |
312,955
-9,227
| -3% | -$1.25M |
|
18
Manulife Financial
MFC
$72.6B
| $46.6M | 2% |
2,099,593
-9,685
| -0.5% | -$186K |
|
19
Visa
V
$677B
| $44.8M | 1.92% |
172,201
+5,120
| +3% | +$1.26M |
|
20
AstraZeneca
AZN
$263B
| $37.7M | 1.61% |
279,630
+2,821
| +1% | +$367K |
|
|
21
Agnico Eagle Mines
AEM
$72.6B
| $36.2M | 1.55% |
656,804
+180,163
| +38% | +$9.01M |
|
|
WCN
22
Waste Connections
WCN
$42.8B
| $34.1M | 1.46% |
227,414
-8,182
| -3% | -$1.12M |
|
23
Suncor Energy
SU
$77.7B
| $31.4M | 1.35% |
976,119
-172,974
| -15% | -$5.65M |
|
24
Canadian Imperial Bank of Commerce
CM
$107B
| $29.2M | 1.25% |
603,507
+3,156
| +0.5% | +$126K |
|
25
Analog Devices
ADI
$181B
| $27.7M | 1.19% |
139,523
-14,739
| -10% | -$2.63M |
|
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Cidel Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Cidel Asset Management held 320 positions worth $2.33B, up 17% from $2B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Cidel Asset Management deployed $86M of net new capital in Q4 2023, opening 180 new positions and adding to 63 existing holdings. Its largest new stake was WEC Energy: 271,546 shares worth $22.9M.
By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 28% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Franco-Nevada, an estimated $31M trimmed.
- Cidel Asset Management's largest Q4 2023 buy was WEC Energy: 271,546 shares worth $22.9M.
- Cidel Asset Management added most to Agnico Eagle Mines in Q4 2023, an estimated $9.01M increase.
- Cidel Asset Management's biggest Q4 2023 reduction was Franco-Nevada, cutting an estimated $31M.
- Cidel Asset Management fully exited Fortinet in Q4 2023, selling an estimated $11.5M.
- Cidel Asset Management's ten largest holdings make up 38% of its $2.33B portfolio in Q4 2023.
- Cidel Asset Management opened 180 new positions and closed 4 in Q4 2023.
- Cidel Asset Management's portfolio value rose 17% quarter-over-quarter to $2.33B.
Based on Cidel Asset Management's 13F filing for Q4 2023, filed 12 Feb 2024.