Cidel Asset Management Inc Q3 vs. Q4 Holdings: What Changed in 2022?

In the world of asset management, monitoring the performance of funds is crucial. Knowledge of a fund's holdings can help investment managers make decisions about when to buy or sell shares. Specifically, knowing what stocks are being traded and how many shares are being held can shed light on the fund's goals and the company's performance.

One example of such monitoring is Cidel Asset Management Inc's Q3 vs. Q4 holdings. In this article, we'll take a closer look at what the fund has bought, sold, and held over the year and what that might mean for investors.

Royal Bank of Canada: A Slight Dip

Cidel Asset Management Inc sold around 9,000 shares of the Royal Bank of Canada. This move represents a two percent change from the previous quarter's 1,656,190 shares. Although the bank's stock has been on an upward trend for some time, it seems Cidel has decided not to take any chances.

Toronto Dominion Bank: Similar Story

Similarly, with the Toronto Dominion Bank, Cidel Asset Management sold a similar percentage of shares as before. The company reduced its holdings by around one percent, selling 12,000 shares. However, it is worth noting that the bank's stock value had not changed significantly, meaning that this move was likely a result of the fund manager's strategy.

Canadian National Railway: A Slightly More Sober Investment

Cidel Asset Management's holdings in the Canadian National Railway were down around five percent, selling around 40,000 shares. Again, the company's shares had seen a small increase in value over the last few months, so this move was relatively cautious.

Canadian Natural Resources: A Break from Tradition

One company in which Cidel Asset Management increased investments was the Canadian Natural Resources. Here the fund purchased around 320,000 shares of the oil and gas giant, representing a 53 percent change from the previous quarter.

Bank of Montreal: A Braver Move

With the Bank of Montreal, Cidel Asset Management reduced the number of shares held by around seven percent. This move represents a decrease of around 65,000 shares.

Enbridge: An Incremental Investment

The fund increased its holdings in Enbridge slightly, taking on around 9,000 more shares than before. The move represents an increase of around five percent from the previous quarter.

Restaurant Brands International: An Attempt to Boost Returns?

Cidel Asset Management reduced its holdings in Restaurant Brands International by around 9,000 shares. The company's shares had increased in value over the last quarter, so this move would likely have been an attempt to boost the fund's returns.

CGI: A Conservative Move

Cidel Asset Management reduced its stake in CGI by around 70,000 shares, representing just a 3.8 percent decrease. The move was likely motivated by a combination of caution and portfolio rebalancing.

Brookfield Corp: A Sign of Confidence?

Cidel Asset Management bought over 1.8 million shares of Brookfield Corp. This move is a massive 100 percent quarter-on-quarter increase. It may show that the fund has confidence in the company's future and sees it as a particularly attractive investment.

Canadian Pacific Railway: In Line with Other Movements

With Canadian Pacific Railway, Cidel Asset Management sold around 37,000 shares. This move is in line with the fund's other movements, indicating that the move may be part of a broader trend or strategy.

Conclusion

It's always interesting to see how asset managers are moving their portfolios around. In this particular case, Cidel Asset Management has made a range of investments, some braver than others. Overall, the moves seem to be part of a broader strategy. The company has reduced holdings in companies whose shares have increased in value and increased investments in companies where it sees growth potential. Only time will tell if these moves pay off.