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Livermore
Livermore
ZHEN

Cidel Asset Management Inc

SEC CIK
0001621915
Latest filing
Jul 17, 2026

The latest 13F from Cidel Asset Management Inc covers Q2 2026 (filed Jul 17, 2026): 480 long positions worth $2.08B. The top 10 holdings make up 28.3% of the portfolio, and the largest is Royal Bank of Canada (RY) at 5.2%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
54
Est. +$70.7M
Added
227
Est. +$288.5M
Reduced
124
Est. −$269.5M
Sold out
10
Est. −$12.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. RYRoyal Bank of Canada
    5.2%$107.9MHistory
  2. AAPLApple Inc.
    3.9%$81.3MHistory
  3. NVDANVIDIA Corp
    2.7%$55.3MHistory
  4. TDToronto Dominion Bank
    2.6%$54.5MHistory
  5. BMOBank of Montreal
    2.5%$51.9MHistory

Share of portfolio

Top 5 holdings and the other 475 positions, by share of portfolio value

  1. RY5.2%
  2. AAPL3.9%
  3. NVDA2.7%
  4. TD2.6%
  5. BMO2.5%
  6. Other 475 positions83.1%

Biggest buys

New and added positions, by estimated amount bought

  1. BMOBank of Montreal
    +$28.9MAddedHistory
  2. KOCoca Cola Co
    +$28.1MAddedHistory
  3. AAPLApple Inc.
    +$25.3MAddedHistory
  4. TELTE Connectivity plc
    +$20.3MNewHistory
  5. AEMAgnico Eagle Mines Ltd
    +$17.0MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BMOBank of Montreal
    +1.54 pp1.0% → 2.5%History
  2. KOCoca Cola Co
    +1.35 pp0.1% → 1.4%History
  3. AAPLApple Inc.
    +1.23 pp2.7% → 3.9%History
  4. TELTE Connectivity plc
    +0.97 pp0.0% → 1.0%History
  5. BNSBank of Nova Scotia
    +0.87 pp0.6% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. RBARB Global Inc.
    −$25.9MReducedHistory
  2. AQNAlgonquin Power & Utilities Corp.
    −$20.6MReducedHistory
  3. ABTAbbott Laboratories
    −$16.8MReducedHistory
  4. TDToronto Dominion Bank
    −$15.1MReducedHistory
  5. CNICanadian National Railway Co
    −$13.3MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ABTAbbott Laboratories
    −1.32 pp2.3% → 1.0%History
  2. AQNAlgonquin Power & Utilities Corp.
    −1.17 pp1.2% → <0.1%History
  3. RBARB Global Inc.
    −1.02 pp3.1% → 2.1%History
  4. ZTSZoetis Inc.
    −0.96 pp1.0% → <0.1%History
  5. QSRRestaurant Brands International Inc.
    −0.95 pp2.8% → 1.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.08B
+$245.4M (+13.4%) vs. prior quarter
Positions
480
+44 vs. prior quarter
Top 10 concentration
28.3%
Top 10 as share of value
Turnover
14.4%
Q2 2026, one quarter
Average holding period
15.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.74B (Q1 2022)

Q1 2021: $2.21BQ2 2021: $2.47BQ3 2021: $2.45BQ4 2021: $2.69BQ1 2022: $2.74BQ2 2022: $2.34BQ3 2022: $2.10BQ4 2022: $2.14BQ1 2023: $2.18BQ2 2023: $2.21BQ3 2023: $2.00BQ4 2023: $2.33BQ1 2024: $1.32BQ2 2024: $1.29BQ3 2024: $1.42BQ4 2024: $1.49BQ1 2025: $1.53BQ2 2025: $1.66BQ3 2025: $1.74BQ4 2025: $1.41BQ1 2026: $1.83BQ2 2026: $2.08B
Q1 2021Q2 2026
13F filings of Cidel Asset Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 2026480$2.08BRYAAPLNVDAvs. Q1 2026SEC
Q1 2026Apr 17, 2026436$1.83BRYRBAAZNvs. Q4 2025SEC
Q4 2025Jan 21, 2026365$1.41BMSFTAZNRYvs. Q3 2025SEC
Q3 2025Nov 7, 2025357$1.74BRYMSFTRBAvs. Q2 2025SEC
Q2 2025Jul 29, 2025360$1.66BMSFTRYRBAvs. Q1 2025SEC
Q1 2025Apr 28, 2025340$1.53BRBARYMSFTvs. Q4 2024SEC
Q4 2024Jan 28, 2025340$1.49BRYMSFTRBAvs. Q3 2024SEC
Q3 2024Nov 4, 2024348$1.42BRYMSFTRBAvs. Q2 2024SEC
Q2 2024Jul 22, 2024319$1.29BMSFTRYAZNvs. Q1 2024SEC
Q1 2024May 8, 2024329$1.32BMSFTRYRBAvs. Q4 2023SEC
Q4 2023Feb 12, 2024316$2.33BRYTDRBAvs. Q3 2023SEC
Q3 2023Nov 8, 2023143$2.00BRYTDCNQvs. Q2 2023SEC
Q2 2023Aug 11, 2023149$2.21BRYTDCNIvs. Q1 2023SEC
Q1 2023May 5, 2023150$2.18BRYTDCNIvs. Q4 2022SEC
Q4 2022Feb 7, 2023154$2.14BRYTDCNIvs. Q3 2022SEC
Q3 2022Nov 4, 2022136$2.10BRYTDCNIvs. Q2 2022SEC
Q2 2022Aug 10, 2022142$2.34BRYTDBMOvs. Q1 2022SEC
Q1 2022May 10, 2022148$2.74BRYTDBMOvs. Q4 2021SEC
Q4 2021Feb 8, 2022150$2.69BTDRYBNSvs. Q3 2021SEC
Q3 2021Nov 5, 2021136$2.45BRYTDSHOPvs. Q2 2021SEC
Q2 2021Aug 10, 2021141$2.47BRYTDBNSvs. Q1 2021SEC
Q1 2021May 12, 2021137$2.21BTDRYCNI–SEC