CIDEL ASSET MANAGEMENT INC
Q1 2025 Form 13-F
TORONTO, ONTARIO, ONTARIO, CANADA
CIK 0001621915
· CRD 172640
· SEC-registered investment adviser
$1.5B Reported Value Total
CIDEL ASSET MANAGEMENT INC reports 1,431 total accounts under management (AUM). There are 1,364 discretionary accounts valued at $3,975,775,167, and 67 non-discretionary accounts valued at $275,262,145.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-27
Reported value
$1.5B
Quarter over quarter
+14.3%
Holdings
340
Top-10 concentration
31.9%
Key People
Form ADV owners & control persons
Paul Buchanan
CFO
Bradley Gibbert
SENIOR VP
Arthur M Heinmaa
INVESTMENT COMMITTEE MEMBER/CIO/EXECUTIVE COMMITTEE
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Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | April 28, 2025 |
| Form | 13F-HR |
| Reported value | $1.5B |
| Positions | 340 |
| Change in reported value | +2.9% |
| New positions | 23 |
| Exited positions | 23 |
| Position turnover | 12.7% |
| Top-10 concentration | 31.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 28, 2026
|
478 | $2.1B |
|
Q2 2026 13F
Filed Jul 17, 2026
|
480 | $2.1B |
|
Q1 2026 13F
Filed Apr 17, 2026
|
436 | $1.8B |
|
Q4 2025 13F
Filed Jan 21, 2026
|
365 | $1.4B |
|
Q3 2025 13F
Filed Nov 7, 2025
|
357 | $1.7B |
|
Q2 2025 13F
Filed Jul 29, 2025
|
360 | $1.7B |
|
Q1 2025 13F
Filed Apr 28, 2025
|
340 | $1.5B |
|
Q4 2024 13F
Filed Jan 28, 2025
|
335 | $1.5B |
|
Q3 2024 13F
Filed Nov 4, 2024
|
343 | $1.4B |
|
Q2 2024 13F
Filed Jul 22, 2024
|
314 | $1.3B |
|
Q1 2024 13F
Filed May 8, 2024
|
324 | $1.3B |
|
Q4 2023 13F
Filed Feb 12, 2024
|
311 | $2.3B |
|
Q3 2023 13F
Filed Nov 8, 2023
|
135 | $2.0B |
|
Q2 2023 13F
Filed Aug 11, 2023
|
149 | $2.2B |
|
Q1 2023 13F
Filed May 5, 2023
|
145 | $2.2B |
|
Q4 2022 13F
Filed Feb 7, 2023
|
148 | $2.1B |
|
Q3 2022 13F
Filed Nov 4, 2022
|
130 | $2.1B |
|
Q2 2022 13F
Filed Aug 10, 2022
|
136 | $2.3B |
|
Q1 2022 13F
Filed May 10, 2022
|
141 | $2.7B |
|
Q4 2021 13F
Filed Feb 8, 2022
|
143 | $2.7B |
28 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | RBA RB GLOBAL INC | $68.0M | 4.45% |
| 2 | RY ROYAL BK CDA | $65.0M | 4.25% |
| 3 | MSFT MICROSOFT CORP | $56.0M | 3.66% |
| 4 | WTW WILLIS TOWERS WATSON PLC LTD | $48.9M | 3.2% |
| 5 | QSR RESTAURANT BRANDS INTL INC | $43.7M | 2.85% |
| 6 | ABT ABBOTT LABS | $43.2M | 2.82% |
| 7 | AZN ASTRAZENECA PLC | $42.0M | 2.75% |
| 8 | FTS FORTIS INC | $41.8M | 2.73% |
| 9 | V VISA INC | $40.8M | 2.66% |
| 10 | J JACOBS SOLUTIONS INC | $39.2M | 2.56% |
| 11 | CNI CANADIAN NATL RY CO | $38.1M | 2.49% |
| 12 | TD TORONTO DOMINION BK ONT | $32.2M | 2.11% |
| 13 | GIB CGI INC | $31.8M | 2.08% |
| 14 | GOOGL ALPHABET INC | $31.4M | 2.05% |
| 15 | SAP SAP SE | $28.4M | 1.85% |
| 16 | CL COLGATE PALMOLIVE CO | $27.1M | 1.77% |
| 17 | WCN WASTE CONNECTIONS INC | $25.9M | 1.69% |
| 18 | CM CANADIAN IMPERIAL BK COMM | $25.0M | 1.63% |
| 19 | JPM JPMORGAN CHASE & CO. | $24.7M | 1.61% |
| 20 | CBOE CBOE GLOBAL MKTS INC | $24.0M | 1.57% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.