CIDEL ASSET MANAGEMENT INC — 13F Holdings & Portfolio
CIK 1621915 · latest 13F-HR filed 2026-07-17
CIDEL ASSET MANAGEMENT INC manages $2.08B in 13F-reported U.S. long-equity assets across 480 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are RY (5.19%), AAPL (3.91%), NVDA (2.66%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 55 new positions and exited 11; 266 existing positions rose in reported value and 87 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$2.08B
Long-equity book
Holdings
480
Distinct positions
Period
2026-06-30
Filed 2026-07-17
Q/Q Activity
+55 / −11 / ↑266 / ↓87
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26RY5.2% · -6%AAPL3.9% · +45%NVDA2.7% · +23%TD2.6% · -22%BMO2.5% · +125%FTS2.5% · -8%MSFT2.4% · +6%CNI2.3% · -22%AZN2.1% · -16%V2.1% · +2%RBA2.1% · -37%CM2.1% · -22%AMZN1.9% · +41%QSR1.8% · -24%MFC1.6% · +99%WCN1.6% · +4%JPM1.5% · +4%CMS1.5% · +2%BNS1.5% · +119%KO1.4% · +2091%J1.4% · -22%WEC1.2% · +2%ASML1.2% · +25%LLY1.1% · +1%MU1.1% · +4%RIO1.1% · +101%COP1.1% · +1%CP1.1% · -36%MAR1.1% · -31%MSI1.0% · +18%CL1.0% · -29%ABT1.0% · -45%SU1.0% · +171%TEL1.0% · newAMD1.0% · -38%CNQ0.9% · +199%AEM0.9% · +795%PXH0.9% · +6%SAP0.8% · -22%WM0.8% · +6%RSP0.8% · 0%GNTX0.8% · +1%FNV0.8% · +3028%WPM0.7% · +7896%WTW0.7% · -42%CVE0.7% · newPBA0.7% · +22%STGW0.7% · -8%PG0.7% · +3%CBOE0.7% · -29%DRI0.6% · +58%NFLX0.6% · +45%TSM0.6% · +549%GOOGL0.6% · -7%CIGI0.6% · -3%GIB0.5% · -49%VOO0.5% · -13%GOOG0.5% · -6%TSLA0.4% · -0%INTC0.4% · -28%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 28.3%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 27, 2026.
Assets Under Management
$4.80B
Discretionary
$4.59B
Employees
73
Accounts
1,550
Address
60 BLOOR STREET WEST
9TH FLOOR
TORONTO, ONTARIO M4W 3B8
Canada
9TH FLOOR
TORONTO, ONTARIO M4W 3B8
Canada
Phone
(416) 977-6767
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BUCHANAN, PAUL Control | CFO since Mar 2023 | Less than 5% | Individual |
| CIDEL BANK CANADA Control | OWNER since Dec 2016 | 75% or more | Foreign Entity |
| GIBBERT, BRADLEY Control | SENIOR VP since Mar 2023 | Less than 5% | Individual |
| HEINMAA, ARTHUR, M Control | INVESTMENT COMMITTEE MEMBER/CIO/EXECUTIVE COMMITTEE since Jan 2012 | Less than 5% | Individual |
| MEINSTEIN, TAMMY Control | CORPORATE SECRETARY since Mar 2023 | Less than 5% | Individual |
| PATTON, RON Control | DIRECTOR since Mar 2023 | Less than 5% | Individual |
| PERREN, HENRY Control | CHAIRMAN since Mar 2023 | Less than 5% | Individual |
| PORTER, JAMES Control | EXECUTIVE VP since Mar 2023 | Less than 5% | Individual |
| Rimer, Criag Control | SIGNING OFFICER since Mar 2023 | Less than 5% | Individual |
| SACKS, HILTON Control | EXECUTIVE VP since Mar 2023 | Less than 5% | Individual |
| SHAW, CHRISTOPHER Control | VP since Mar 2023 | Less than 5% | Individual |
| TAMBLYN, BRYAN Control | CHIEF COMPLIANCE OFFICER since Mar 2020 | Less than 5% | Individual |
| CIDEL BANK & TRUST INC. Control Indirect owner via CIDEL BANK CANADA | OWNER since Dec 2016 | 75% or more | Foreign Entity |
Ownership & leadership changes · 11 filings with changes since Sep 5, 2014
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 27, 2026 filing
- No longer listedDuncan, Megan · SIGNING OFFICER · Less than 5% · control person · listed since Mar 2023
- ChangedHEINMAA, ARTHUR, M · ownership 5–10% → Less than 5%
Mar 27, 2024 filing
- AddedDuncan, Megan · SIGNING OFFICER · Less than 5% · control person
- AddedRimer, Criag · SIGNING OFFICER · Less than 5% · control person
- ChangedHEINMAA, ARTHUR, M · title INVESTMENT COMMITTEE MEMBER/CIO/CCO/EXECUTIVE COMMITTEE → INVESTMENT COMMITTEE MEMBER/CIO/EXECUTIVE COMMITTEE
Mar 30, 2023 filing
- AddedBUCHANAN, PAUL · CFO · Less than 5% · control person
- AddedMEINSTEIN, TAMMY · CORPORATE SECRETARY · Less than 5% · control person
- AddedPATTON, RON · DIRECTOR · Less than 5% · control person
- AddedPERREN, HENRY · CHAIRMAN · Less than 5% · control person
- AddedSACKS, HILTON · EXECUTIVE VP · Less than 5% · control person
- AddedSHAW, CHRISTOPHER · VP · Less than 5% · control person
- Listed againGIBBERT, BRADLEY · SENIOR VP · Less than 5% · control person
- Listed againPORTER, JAMES · EXECUTIVE VP · Less than 5% · control person
Mar 29, 2022 filing
- No longer listedGIBSON, ROBERT, W · INVESTMENT COMMITTEE MEMBER/PORTOFOLIO MANAGER/HEAD OF CANADIAN EQUITIES MANDATES · Less than 5% · control person · listed since Jun 2013
- No longer listedLANNON, CHARLES · INVESTMENT COMMITTEE MEMBER · Less than 5% · control person · listed since Jan 2012
- No longer listedMCLEOD, PAUL, (NMN) · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Nov 2007
- No longer listedPORTER, JAMES · EXECUTIVE COMMITTEE MEMBER · Less than 5% · control person · listed since Jan 2012
Mar 31, 2021 filing
- No longer listedPATTON, RONALD · INVESTMENT COMMITTEE MEMBER/HEAD OF CANADIAN INVESTMENT MANDATES · Less than 5% · control person · listed since Jun 2013
Apr 1, 2020 filing
- No longer listedGIBBERT, BRADLEY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2017
- AddedTAMBLYN, BRYAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 29, 2019 filing
- No longer listedMAZZILLI, TIZIANA, R · SENIOR VICE PRESIDENT / SVP · Less than 5% · control person · listed since Jan 2012
Mar 29, 2018 filing
- No longer listedBLANCHARD, SUSAN, M · INVESTMENT COMMITTEE MEMBER/SENIOR PORTFOLIO MANAGER · Less than 5% · control person · listed since Jun 2013
- AddedMCLEOD, PAUL, (NMN) · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Mar 31, 2017 filing
- No longer listedCIDEL BANK & TRUST · OWNER · 75% or more · control person · listed since Nov 2015
- AddedCIDEL BANK & TRUST INC. · OWNER · 75% or more · indirect via CIDEL BANK CANADA · control person
- AddedCIDEL BANK CANADA · OWNER · 75% or more · control person
- AddedGIBBERT, BRADLEY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedHEINMAA, ARTHUR, M · title INVESTMENT COMMITTEE MEMBER/CEO/CCO/EXECUTIVE COMMITTEE → INVESTMENT COMMITTEE MEMBER/CIO/CCO/EXECUTIVE COMMITTEE
- ChangedMAZZILLI, TIZIANA, R · title SENIOR VICE PRESIDENT → SENIOR VICE PRESIDENT / SVP
Apr 5, 2016 filing
- No longer listed2214339 ONTARIO LIMITED · OWNER · 50–75% · control person · listed since Jan 2012
- No longer listedCIDEL BANK & TRUST, INC. · OWNER · 75% or more · indirect via CIDEL FINANCIAL GROUP, INC. · control person · listed since Apr 2013
- No longer listedCIDEL FINANCIAL GROUP, INC. · OWNER · 75% or more · indirect via 2214339 ONTARIO LIMITED · control person · listed since Apr 2013
- No longer listedHEINMAA, ARTHUR, M · OWNER · 75% or more · indirect via THE HEINMAA FAMILY TRUST · control person · listed since Jan 2012
- No longer listedMATUS, GEOFFREY · TRUSTEE · 25–50% · indirect via THE LAUHAY TRUST · control person · listed since Jan 2012
- No longer listedSACKS, PETER, D · OWNER · 75% or more · indirect via CHIRP HOLDINGS INC. · control person · listed since Jun 2013
- No longer listedTHE LAUHAY TRUST · OWNER · 25–50% · indirect via CIDEL BANK & TRUST, INC. · control person · listed since Jan 2012
Older changes (2 more filings)
Apr 1, 2016 filing
- No longer listedCHIRP HOLDINGS INC. · OWNER · 5–10% · control person · listed since Jun 2013
- No longer listedSACKS, PETER, D · OWNER/EXECUTIVE COMMITTEE MEMBER/VICE PRESIDENT · Less than 5% · control person · listed since Jan 2012
- No longer listedTHE HEINMAA FAMILY TRUST · OWNER · 10–25% · control person · listed since Jan 2012
- AddedCIDEL BANK & TRUST · OWNER · 75% or more · control person
- ChangedBLANCHARD, SUSAN, M · title OWNER/INVESTMENT COMMITTEE MEMBER/SENIOR PORTFOLIO MANAGER & PARTNER → INVESTMENT COMMITTEE MEMBER/SENIOR PORTFOLIO MANAGER
- ChangedGIBSON, ROBERT, W · title OWNER/INVESTMENT COMMITTEE MEMBER/PARTNER/PORTOFOLIO MANAGER/HEAD OF CANADIAN EQUITIES MANDATES → INVESTMENT COMMITTEE MEMBER/PORTOFOLIO MANAGER/HEAD OF CANADIAN EQUITIES MANDATES
- ChangedHEINMAA, ARTHUR, M · title OWNER/EXECUTIVE COMMITTEE MEMBER/CHIEF EXECUTIVE OFFICER/MANAGING PARTNER/PRESIDENT/CCO/TRUSTEE OF THE HEINMAA FAMILY TRUST → INVESTMENT COMMITTEE MEMBER/CEO/CCO/EXECUTIVE COMMITTEE
- ChangedLANNON, CHARLES · title EXECUTIVE COMMITTEE MEMBER/TRUSTEE → INVESTMENT COMMITTEE MEMBER
- ChangedMAZZILLI, TIZIANA, R · title OWNER/EXECUTIVE COMMITTEE MEMBER/CHIEF FINANCIAL OFFICER/CORPORATE SECRETARY → SENIOR VICE PRESIDENT
- ChangedPATTON, RONALD · title OWNER/EXECUTIVE COMMITTEE MEMBER/PARTNER/HEAD OF CANADIAN INVESTMENT MANDATES → INVESTMENT COMMITTEE MEMBER/HEAD OF CANADIAN INVESTMENT MANDATES
- ChangedPORTER, JAMES · title OWNER/EXECUTIVE COMMITTEE MEMBER/PARTNER/MANAGING DIRECTOR → EXECUTIVE COMMITTEE MEMBER
Sep 5, 2014 filing (earliest on record)
- Listed2214339 ONTARIO LIMITED · OWNER · 50–75% · control person
- ListedBLANCHARD, SUSAN, M · OWNER/INVESTMENT COMMITTEE MEMBER/SENIOR PORTFOLIO MANAGER & PARTNER · Less than 5% · control person
- ListedCHIRP HOLDINGS INC. · OWNER · 5–10% · control person
- ListedCIDEL BANK & TRUST, INC. · OWNER · 75% or more · indirect via CIDEL FINANCIAL GROUP, INC. · control person
- ListedCIDEL FINANCIAL GROUP, INC. · OWNER · 75% or more · indirect via 2214339 ONTARIO LIMITED · control person
- ListedGIBSON, ROBERT, W · OWNER/INVESTMENT COMMITTEE MEMBER/PARTNER/PORTOFOLIO MANAGER/HEAD OF CANADIAN EQUITIES MANDATES · Less than 5% · control person
- ListedHEINMAA, ARTHUR, M · OWNER/EXECUTIVE COMMITTEE MEMBER/CHIEF EXECUTIVE OFFICER/MANAGING PARTNER/PRESIDENT/CCO/TRUSTEE OF THE HEINMAA FAMILY TRUST · 5–10% · control person
- ListedHEINMAA, ARTHUR, M · OWNER · 75% or more · indirect via THE HEINMAA FAMILY TRUST · control person
- ListedLANNON, CHARLES · EXECUTIVE COMMITTEE MEMBER/TRUSTEE · Less than 5% · control person
- ListedMATUS, GEOFFREY · TRUSTEE · 25–50% · indirect via THE LAUHAY TRUST · control person
- ListedMAZZILLI, TIZIANA, R · OWNER/EXECUTIVE COMMITTEE MEMBER/CHIEF FINANCIAL OFFICER/CORPORATE SECRETARY · Less than 5% · control person
- ListedPATTON, RONALD · OWNER/EXECUTIVE COMMITTEE MEMBER/PARTNER/HEAD OF CANADIAN INVESTMENT MANDATES · Less than 5% · control person
- ListedPORTER, JAMES · OWNER/EXECUTIVE COMMITTEE MEMBER/PARTNER/MANAGING DIRECTOR · Less than 5% · control person
- ListedSACKS, PETER, D · OWNER/EXECUTIVE COMMITTEE MEMBER/VICE PRESIDENT · Less than 5% · control person
- ListedSACKS, PETER, D · OWNER · 75% or more · indirect via CHIRP HOLDINGS INC. · control person
- ListedTHE HEINMAA FAMILY TRUST · OWNER · 10–25% · control person
- ListedTHE LAUHAY TRUST · OWNER · 25–50% · indirect via CIDEL BANK & TRUST, INC. · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- BANK MONTREAL MEDIUM$34.3M +194.6%
- APPLE INC$32.2M +65.6%
- COCA COLA CO$28.2M +2241.7%
- BANK NOVA SCOTIA B C$19.6M +175.4%
- MANULIFE FINL CORP$19.3M +134.8%
Top Trims
- ABBOTT LABORATORIES-$21.7M -51.2%
- ALGONQUIN POWER & UTILITIES-$21.4M -99.3%
- ZOETIS INC-$17.5M -98.6%
- WILLIS TOWERS WATSON PLC LTD-$14.0M -47.9%
- RB GLOBAL INC-$13.4M -23.4%
New Positions
- TE CONNECTIVITY PLC$20.3M
- CENOVUS ENERGY INC$14.6M
- MOODYS CORP$8.4M
- CAE INC$6.7M
- BBB FOODS INC$4.9M
Exited Positions
- THOMSON REUTERS CORP$9.6M
- HONEYWELL INTL INC$973.1K
- RELX PLC$388.6K
- DUPONT DE NEMOURS INC$371.4K
- COTERRA ENERGY INC$320.6K
CIDEL ASSET MANAGEMENT INC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ROYAL BK CDA | RY | 780087102 | $107.9M | 5.19% | 521,130 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $81.3M | 3.91% | 280,800 | SH |
| 3 | NVIDIA CORPORATION | NVDA | 67066G104 | $55.3M | 2.66% | 276,581 | SH |
| 4 | TORONTO DOMINION BK ONT | TD | 891160509 | $54.5M | 2.62% | 448,298 | SH |
| 5 | BANK MONTREAL MEDIUM | BMO | 063671101 | $51.9M | 2.50% | 294,015 | SH |
| 6 | FORTIS INC | FTS | 349553107 | $51.9M | 2.50% | 906,780 | SH |
| 7 | MICROSOFT CORP | MSFT | 594918104 | $49.5M | 2.38% | 132,721 | SH |
| 8 | CANADIAN NATL RY CO | CNI | 136375102 | $48.2M | 2.32% | 403,673 | SH |
| 9 | ASTRAZENECA PLC | AZN | G0593M107 | $44.5M | 2.14% | 234,663 | SH |
| 10 | VISA INC | V | 92826C839 | $44.1M | 2.12% | 128,445 | SH |
| 11 | RB GLOBAL INC | RBA | 74935Q107 | $43.9M | 2.11% | 377,328 | SH |
| 12 | CANADIAN IMPERIAL BANK OF CO | CM | 136069101 | $43.8M | 2.11% | 380,736 | SH |
| 13 | AMAZON COM INC | AMZN | 023135106 | $39.0M | 1.88% | 163,648 | SH |
| 14 | RESTAURANT BRANDS INTL INC | QSR | 76131D103 | $38.1M | 1.84% | 526,104 | SH |
| 15 | MANULIFE FINL CORP | MFC | 56501R106 | $33.6M | 1.61% | 827,626 | SH |
| 16 | WASTE CONNECTIONS INC | WCN | 94106B101 | $33.0M | 1.59% | 198,091 | SH |
| 17 | JPMORGAN CHASE & CO | JPM | 46625H100 | $31.9M | 1.53% | 97,432 | SH |
| 18 | CMS ENERGY CORP | CMS | 125896100 | $31.0M | 1.49% | 405,656 | SH |
| 19 | BANK NOVA SCOTIA B C | BNS | 064149107 | $30.7M | 1.48% | 353,888 | SH |
| 20 | COCA COLA CO | KO | 191216100 | $29.4M | 1.42% | 361,934 | SH |
| 21 | JACOBS SOLUTIONS INC | J | 46982L108 | $28.6M | 1.38% | 227,076 | SH |
| 22 | WEC ENERGY GROUP INC | WEC | 92939U106 | $26.0M | 1.25% | 222,312 | SH |
| 23 | ASML HLDG NV | ASML | N07059210 | $25.5M | 1.23% | 12,811 | SH |
| 24 | ELI LILLY & CO | LLY | 532457108 | $23.8M | 1.15% | 19,854 | SH |
| 25 | MICRON TECHNOLOGY INC | MU | 595112103 | $23.6M | 1.14% | 20,468 | SH |
| 26 | RIO TINTO PLC | RIO | 767204100 | $22.9M | 1.10% | 241,718 | SH |
| 27 | CONOCOPHILLIPS | COP | 20825C104 | $22.2M | 1.07% | 213,080 | SH |
| 28 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $22.1M | 1.07% | 255,538 | SH |
| 29 | MARRIOTT INTL INC NEW | MAR | 571903202 | $22.0M | 1.06% | 59,376 | SH |
| 30 | MOTOROLA SOLUTIONS INC | MSI | 620076307 | $21.1M | 1.02% | 50,865 | SH |
| 31 | COLGATE PALMOLIVE CO | CL | 194162103 | $20.8M | 1.00% | 227,054 | SH |
| 32 | ABBOTT LABORATORIES | ABT | 002824100 | $20.7M | 0.99% | 227,603 | SH |
| 33 | SUNCOR ENERGY INC NEW | SU | 867224107 | $20.3M | 0.98% | 376,897 | SH |
| 34 | TE CONNECTIVITY PLC | TEL | G87052109 | $20.3M | 0.97% | 100,484 | SH |
| 35 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $20.0M | 0.96% | 34,494 | SH |
| 36 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $19.4M | 0.94% | 491,355 | SH |
| 37 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $19.1M | 0.92% | 123,011 | SH |
| 38 | INVESCO EXCH TRADED FD TR II | PXH | 46138E727 | $18.4M | 0.88% | 658,764 | SH |
| 39 | SAP SE | SAP | 803054204 | $17.3M | 0.83% | 111,952 | SH |
| 40 | WASTE MGMT INC DEL | WM | 94106L109 | $16.6M | 0.80% | 74,689 | SH |
| 41 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $16.6M | 0.80% | 78,090 | SH |
| 42 | GENTEX CORP | GNTX | 371901109 | $16.6M | 0.80% | 655,732 | SH |
| 43 | FRANCO NEV CORP | FNV | 351858105 | $16.3M | 0.79% | 78,265 | SH |
| 44 | WHEATON PRECIOUS METALS CORP | WPM | 962879102 | $15.5M | 0.74% | 137,538 | SH |
| 45 | WILLIS TOWERS WATSON PLC LTD | WTW | G96629103 | $15.3M | 0.73% | 58,359 | SH |
| 46 | CENOVUS ENERGY INC | CVE | 15135U109 | $14.6M | 0.70% | 589,828 | SH |
| 47 | PEMBINA PIPELINE CORP | PBA | 706327103 | $14.2M | 0.68% | 307,057 | SH |
| 48 | STAGWELL INC | STGW | 85256A109 | $14.0M | 0.67% | 1,878,426 | SH |
| 49 | PROCTER & GAMBLE CO | PG | 742718109 | $13.9M | 0.67% | 95,112 | SH |
| 50 | CBOE GLOBAL MKTS INC | CBOE | 12503M108 | $13.7M | 0.66% | 56,417 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-17 | $2.08B | 480 | 0001621915-26-000003 |
| 2026-03-31 | 2026-04-17 | $1.83B | 436 | 0001621915-26-000002 |
| 2025-12-31 | 2026-01-21 | $1.41B | 365 | 0001621915-26-000001 |
Filer Information
Address
60 BLOOR ST. W, 9TH FLOORTORONTO M4W 3B8
Phone
(416) 977-6767
Filing Manager
CIDEL ASSET MANAGEMENT INC
TORONTO, A6
Signatory
TIZIANA MAZZILLI
SVP