# JCIC Asset Management Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1492040. Source: https://holderbook.com/funds/1492040-jcic-asset-management-inc/

- Reported value: $326.5M
- Positions: 113
- Weight of the ten largest: 45.2%
- Filed: 2026-07-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $19.8M | 69,085 | 6.1% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $18.9M | 64,099 | 5.8% | 30 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $17.9M | 70,357 | 5.5% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $15.4M | 88,542 | 4.7% | 30 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.8M | 70,898 | 4.5% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.0M | 37,703 | 4.3% | 30 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $13.5M | 83,888 | 4.1% | 4 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $11.6M | 47,125 | 3.6% | 22 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $11.0M | 54,076 | 3.4% | 2 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $10.8M | 198,974 | 3.3% | 30 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $8.8M | 214,582 | 2.7% | 3 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $8.3M | 61,364 | 2.5% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $8.2M | 65,579 | 2.5% | 30 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $8.1M | 86,674 | 2.5% | 30 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $7.7M | 292,184 | 2.4% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.4M | 24,526 | 2.3% | 30 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $7.4M | 215,019 | 2.3% | 30 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $7.0M | 59,237 | 2.1% | 11 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $6.4M | 25,890 | 2.0% | 2 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $6.3M | 68,261 | 1.9% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $6.0M | 17,722 | 1.8% | 21 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $5.6M | 34,758 | 1.7% | 25 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $4.7M | 97,409 | 1.5% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.7M | 8,252 | 1.4% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.7M | 14,227 | 1.4% | 30 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $4.6M | 63,374 | 1.4% | 4 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $4.6M | 110,893 | 1.4% | 30 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $4.5M | 41,517 | 1.4% | 3 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $4.2M | 45,605 | 1.3% | 16 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $3.7M | 63,608 | 1.1% | 21 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $3.7M | 39,295 | 1.1% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.7M | 4,022 | 1.1% | 21 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $3.5M | 79,918 | 1.1% | 12 |
| HUDBAY MINERALS INC | [HBM](https://holderbook.com/stocks/HBM/) | $3.4M | 161,831 | 1.0% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $3.4M | 11,898 | 1.0% | 4 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $3.2M | 186,469 | 1.0% | 3 |
| GILDAN ACTIVEWEAR INC | [GIL](https://holderbook.com/stocks/GIL/) | $3.1M | 56,462 | 1.0% | 6 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.1M | 5,503 | 0.9% | 4 |
| BANCO BILBAO VIZCAYA ARGENTA | [BBVA](https://holderbook.com/stocks/BBVA/) | $3.0M | 138,565 | 0.9% | 3 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $2.8M | 16,378 | 0.9% | 30 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $2.7M | 32,180 | 0.8% | 6 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $2.7M | 131,273 | 0.8% | 26 |
| OVINTIV INC | [OVV](https://holderbook.com/stocks/OVV/) | $2.5M | 42,860 | 0.8% | 23 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $2.5M | 17,915 | 0.8% | 2 |
| ANHEUSER BUSCH INBEV SA/NV | [BUD](https://holderbook.com/stocks/BUD/) | $2.2M | 31,095 | 0.7% | 2 |
| LLOYDS BANKING GROUP PLC | [LYG](https://holderbook.com/stocks/LYG/) | $2.1M | 416,850 | 0.6% | 2 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $2.1M | 56,139 | 0.6% | 13 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $342.5K | 7,025 | 0.1% | 15 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $339.1K | 6,090 | 0.1% | 30 |
| INSMED INC | [INSM](https://holderbook.com/stocks/INSM/) | $327.5K | 2,003 | 0.1% | 7 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $305.3K | 4,412 | 0.1% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $300.5K | 1,045 | 0.1% | 30 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $282.4K | 6,322 | 0.1% | 30 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $240.7K | 6,270 | 0.1% | 4 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $238.8K | 3,821 | 0.1% | 26 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $230.2K | 427 | 0.1% | 25 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $211.8K | 2,567 | 0.1% | 22 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $204.7K | 2,145 | 0.1% | 5 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $203.5K | 5,654 | 0.1% | 30 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $203.4K | 1,715 | 0.1% | 5 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $202.9K | 2,560 | 0.1% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $199.6K | 3,410 | 0.1% | 7 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $165.5K | 12,905 | 0.1% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $149.5K | 150 | 0.0% | 26 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $142.5K | 5,470 | 0.0% | 22 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $124.0K | 410 | 0.0% | 15 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $98.9K | 3,039 | 0.0% | 22 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $98.5K | 1,070 | 0.0% | 12 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $97.4K | 568 | 0.0% | 5 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $95.8K | 845 | 0.0% | 28 |
| CARNIVAL CORP | [CCL](https://holderbook.com/stocks/CCL/) | $95.3K | 3,681 | 0.0% | 12 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $85.9K | 65 | 0.0% | 25 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $83.0K | 1,765 | 0.0% | 15 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $80.7K | 1,040 | 0.0% | 30 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $80.3K | 430 | 0.0% | 25 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $77.1K | 2,659 | 0.0% | 30 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $77.0K | 315 | 0.0% | 30 |
| EMERA INC | [EMA](https://holderbook.com/stocks/EMA/) | $71.7K | 1,385 | 0.0% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $69.3K | 120 | 0.0% | 15 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $53.1K | 875 | 0.0% | 25 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $50.0K | 100 | 0.0% | 22 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $43.9K | 400 | 0.0% | 5 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $41.2K | 285 | 0.0% | 18 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $37.8K | 1,137 | 0.0% | 18 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $37.4K | 298 | 0.0% | 4 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $33.0K | 620 | 0.0% | 30 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $31.3K | 315 | 0.0% | 26 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $30.4K | 1,208 | 0.0% | 30 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $30.3K | 195 | 0.0% | 30 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $29.4K | 95 | 0.0% | 4 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $29.2K | 440 | 0.0% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $28.3K | 137 | 0.0% | 6 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $24.7K | 240 | 0.0% | 30 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $24.3K | 100 | 0.0% | 22 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $23.8K | 157 | 0.0% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $22.1K | 230 | 0.0% | 29 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $21.7K | 150 | 0.0% | 22 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $20.4K | 235 | 0.0% | 30 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $17.7K | 1,535 | 0.0% | 18 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $16.9K | 50 | 0.0% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.1% | +14.8% | -5.8% | 100% |
| Q1 2026 | -3.9% | -4.6% | +0.7% | 100% |
| Q4 2025 | +3.6% | +2.4% | +1.2% | 100% |
| Q2 2025 | +11.1% | +10.5% | +0.7% | 100% |
| Q1 2025 | -4.3% | -4.6% | +0.3% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.3% | 99% |
| Q3 2024 | +3.1% | +5.4% | -2.4% | 100% |
| Q2 2024 | +2.9% | +4.0% | -1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $326.5M | 113 |
| Q1 2026 | $326.5M | 113 |
| Q4 2025 | $326.9M | 114 |
| Q3 2025 | $319.8M | 111 |
| Q1 2025 | $239.4M | 164 |
| Q4 2024 | $246.7M | 134 |
| Q3 2024 | $243.9M | 100 |
| Q2 2024 | $243.1M | 102 |
| Q1 2024 | $242.6M | 106 |
| Q4 2023 | $224.1M | 111 |
| Q3 2023 | $197.5M | 107 |
| Q2 2023 | $220.3M | 107 |