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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
+2.9%
1 Year Est. Return
+24.89%
3 Year Est. Return
+69.14%
5 Year Est. Return
+82.64%
10 Year Est. Return
+258%
AUM
$1.41B
AUM Growth
-$328M
(-19%)
Cap. Flow
-$351M
Cap. Flow
% of AUM
-24.8%
Top 10 Holdings %
Top 10 Hldgs %
31.69%
Holding
380
New
23
Increased
115
Reduced
146
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BGSI
Boyd Group Services
BGSI
|
+$9.09M |
| 2 |
TFI International
TFII
|
+$4.31M |
| 3 |
Motorola Solutions
MSI
|
+$2.72M |
| 4 |
iShares MSCI World ETF
URTH
|
+$1.36M |
| 5 |
Visa
V
|
+$1.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$46.4M |
| 2 |
RB Global
RBA
|
+$38.2M |
| 3 |
Toronto Dominion Bank
TD
|
+$30.8M |
| 4 |
CGI
GIB
|
+$23.9M |
| 5 |
Fortis
FTS
|
+$21.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.59% |
| 2 | Technology | 19.15% |
| 3 | Industrials | 12.36% |
| 4 | Healthcare | 11.67% |
| 5 | Consumer Discretionary | 8.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.84T
| $76.1M | 5.38% |
157,288
-10,475
| -6% | -$5.25M |
|
2
AstraZeneca
AZN
$263B
| $51.7M | 3.66% |
281,216
-17,939
| -6% | -$3.15M |
|
|
3
Royal Bank of Canada
RY
$291B
| $50.1M | 3.54% |
293,353
-302,025
| -51% | -$46.4M |
|
|
4
Visa
V
$677B
| $47.9M | 3.39% |
136,679
+3,468
| +3% | +$1.18M |
|
5
Willis Towers Watson
WTW
$27.9B
| $42.8M | 3.03% |
130,190
-5,548
| -4% | -$1.82M |
|
6
Jacobs Solutions
J
$15.9B
| $41.1M | 2.91% |
310,471
-20,391
| -6% | -$2.99M |
|
7
Abbott
ABT
$180B
| $40.4M | 2.86% |
322,225
-13,616
| -4% | -$1.73M |
|
|
8
RB Global
RBA
$20.8B
| $34.3M | 2.42% |
332,419
-376,044
| -53% | -$38.2M |
|
9
NVIDIA
NVDA
$5.01T
| $32.6M | 2.3% |
174,535
-38,231
| -18% | -$7.12M |
|
10
SAP
SAP
$187B
| $31.1M | 2.2% |
127,902
-11,371
| -8% | -$2.9M |
|
|
11
Fortis
FTS
$30B
| $28M | 1.98% |
537,541
-425,520
| -44% | -$21.8M |
|
12
Canadian Imperial Bank of Commerce
CM
$107B
| $27.6M | 1.95% |
304,082
-204,288
| -40% | -$17.5M |
|
13
JPMorgan Chase
JPM
$939B
| $27.4M | 1.94% |
85,015
-6,897
| -8% | -$2.14M |
|
14
Eli Lilly
LLY
$1.07T
| $27M | 1.91% |
25,133
-1,593
| -6% | -$1.52M |
|
15
Canadian National Railway
CNI
$78.3B
| $26.5M | 1.88% |
267,907
-182,736
| -41% | -$17.6M |
|
16
Restaurant Brands International
QSR
$25.1B
| $26.4M | 1.87% |
386,561
-301,568
| -44% | -$20.8M |
|
17
Marriott International
MAR
$98.7B
| $24.7M | 1.75% |
79,769
-7,916
| -9% | -$2.26M |
|
18
CMS Energy
CMS
$23.1B
| $23.9M | 1.69% |
341,790
-4,939
| -1% | -$359K |
|
19
Colgate-Palmolive
CL
$72.6B
| $23.8M | 1.68% |
301,187
-13,457
| -4% | -$1.06M |
|
20
WEC Energy
WEC
$37.7B
| $21.4M | 1.51% |
202,967
-3,546
| -2% | -$393K |
|
21
Apple
AAPL
$4.89T
| $21M | 1.48% |
77,102
-1,022
| -1% | -$274K |
|
|
22
Toronto Dominion Bank
TD
$198B
| $19M | 1.35% |
201,604
-364,589
| -64% | -$30.8M |
|
23
Mercado Libre
MELI
$91.3B
| $18.8M | 1.33% |
9,319
-992
| -10% | -$2.08M |
|
24
Open Text
OTEX
$5.43B
| $18.2M | 1.29% |
557,011
-416,306
| -43% | -$14.8M |
|
25
Union Pacific
UNP
$183B
| $18.1M | 1.28% |
78,235
-6,316
| -7% | -$1.44M |
|
Similar funds
SW
AG
TA
ACP
TP
BC
NSUP
ACG
Cidel Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, Cidel Asset Management held 380 positions worth $1.41B, down 19% from $1.74B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Cidel Asset Management withdrew a net $351M in Q4 2025, closing 15 positions and reducing 146 holdings. Its most notable exit was Monolithic Power Systems, an estimated $861K position sold in full.
By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Industrials.
Against the trend, Cidel Asset Management opened a new position in Boyd Group Services worth $9.05M.
- Cidel Asset Management's largest Q4 2025 buy was Boyd Group Services: 56,718 shares worth $9.05M.
- Cidel Asset Management added most to Motorola Solutions in Q4 2025, an estimated $2.72M increase.
- Cidel Asset Management's biggest Q4 2025 reduction was Royal Bank of Canada, cutting an estimated $46.4M.
- Cidel Asset Management fully exited Monolithic Power Systems in Q4 2025, selling an estimated $861K.
- Cidel Asset Management's ten largest holdings make up 32% of its $1.41B portfolio in Q4 2025.
- Cidel Asset Management opened 23 new positions and closed 15 in Q4 2025.
- Cidel Asset Management's portfolio value fell 19% quarter-over-quarter to $1.41B.
Based on Cidel Asset Management's 13F filing for Q4 2025, filed 21 Jan 2026.