JCIC Asset Management Inc.

Fundamental diversified ★Signal CIK 1492040
League rank
#621
in Fundamental diversified · #4638 overall
Long book
$326.5M
Q1 2026
Positions
113
Top-10 weight
45%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
12%
of book per quarter

Strategy in plain words

auto-generated from filings

JCIC Asset Management Inc. is a diversified fundamental manager, running a $326.5M US long book across 113 positions.

The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL C, JPMORGAN CHASE & CO, APPLE INC, NVIDIA CORP, AMAZON.COM INC.

Over the last 8 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 8 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+3.5%
Q3 2024
+1.5%
Q4 2024
-4.2%
Q1 2025
+11.5%
Q3 2025
+3.9%
Q4 2025
-3.3%
Q1 2026
+10.6%

Sector allocation

Technology
28%
Financials
23%
Energy
13%
Materials
11%
Consumer discretionary
10%
Services media
4%
Industrials
4%
Utilities
2%

Long book by quarter

$242.6M
Q1 2024
$243.1M
Q2 2024
$243.9M
Q3 2024
$246.7M
Q4 2024
$239.4M
Q1 2025
$319.8M
Q3 2025
$326.9M
Q4 2025
$326.5M
Q1 2026

What does JCIC Asset own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOG ALPHABET INC-CL CTechnology69.1K$19.8M6.1%-25.2%
JPM JPMORGAN CHASE & COFinancials64.1K$18.9M5.8%+1.1%
AAPL APPLE INCTechnology70.4K$17.9M5.5%-18.6%
NVDA NVIDIA CORPTechnology88.5K$15.4M4.7%+0.8%
AMZN AMAZON.COM INCConsumer discretionary70.9K$14.8M4.5%+2.2%
MSFT MICROSOFT CORPTechnology37.7K$14.0M4.3%-0.2%
RY ROYAL BANK OF CANADAFinancials83.9K$13.5M4.1%+2.4%
VLO VALERO ENERGY CORPEnergy47.1K$11.6M3.6%+1.0%
AEM AGNICO EAGLE MINES LTDMaterials54.1K$11.0M3.4%New
ENB ENBRIDGE INCEnergy199.0K$10.8M3.3%+2.1%
B BARRICK MINING CORPMaterials214.6K$8.8M2.7%+1.8%
BMO BANK OF MONTREALFinancials61.4K$8.3M2.5%+1.8%
WMT WALMART INCConsumer discretionary65.6K$8.2M2.5%+60.5%
TD TORONTO-DOMINION BANKFinancials86.7K$8.1M2.5%+1.7%
CVE CENOVUS ENERGY INCEnergy292.2K$7.7M2.4%+2.9%
V VISA INC-CLASS A SHARESServices media24.5K$7.4M2.3%+2.1%
MFC MANULIFE FINANCIAL CORPFinancials215.0K$7.4M2.3%+1.4%
SHOP SHOPIFY INC - CLASS ATechnology59.2K$7.0M2.1%+2.2%
WCN WASTE CONNECTIONS INCUtilities34.8K$5.6M1.7%+2.0%
CNQ CANADIAN NATURAL RESOURCESEnergy97.4K$4.7M1.5%+2.7%
META META PLATFORMS INC-CLASS ATechnology8.3K$4.7M1.4%+0.9%
HD HOME DEPOT INCConsumer discretionary14.2K$4.7M1.4%+1.7%
UBER UBER TECHNOLOGIES INCServices media63.4K$4.6M1.4%+1.1%
CSX CSX CORPIndustrials110.9K$4.6M1.4%+3.3%
CCJ CAMECO CORPMaterials41.5K$4.5M1.4%+3.0%
FCX FREEPORT-MCMORAN INCMaterials63.6K$3.7M1.1%+3643.8%
CM CAN IMPERIAL BK OF COMMERCEFinancials39.3K$3.7M1.1%+2.3%
LLY ELI LILLY & COHealthcare4.0K$3.7M1.1%+1.5%
BAM BROOKFIELD ASSET MGMT-AFinancials79.9K$3.5M1.1%+0.8%
HBM HUDBAY MINERALS INCMaterials161.8K$3.4M1.0%New
GE GENERAL ELECTRICIndustrials11.9K$3.4M1.0%+1.8%
GIL GILDAN ACTIVEWEAR INCOther56.5K$3.1M1.0%-52.3%
DE DEERE & COIndustrials5.5K$3.1M0.9%+2.7%
OVV OVINTIV INCEnergy42.9K$2.5M0.8%Held
FSV FIRSTSERVICE CORPReal estate17.9K$2.5M0.8%New
BAC BANK OF AMERICA CORPFinancials7.0K$342K0.1%+10.6%
FTS FORTIS INCUtilities6.1K$339K0.1%+1.7%
INSM INSMED INCHealthcare2.0K$328K0.1%-3.0%
BNS BANK OF NOVA SCOTIAFinancials4.4K$305K0.1%+2.2%
GOOGL ALPHABET INC-CL ATechnology1.0K$301K0.1%Held
PBA PEMBINA PIPELINE CORPEnergy6.3K$282K0.1%+1.9%
RCI ROGERS COMMUNICATIONS INC-BCommunications6.3K$241K0.1%-94.9%
TRP TC ENERGY CORPUtilities3.8K$239K0.1%+2.0%
MSCI MSCI INCServices media427$230K0.1%+23.1%
TU TELUS CORPCommunications12.9K$166K0.1%+1.9%
COST COSTCO WHOLESALE CORPConsumer discretionary150$149K0.0%Held
AXP AMERICAN EXPRESS COFinancials410$124K0.0%Held
UAL UNITED AIRLINES HOLDINGS INCIndustrials1.1K$99K0.0%-31.3%
ALGN ALIGN TECHNOLOGY INCHealthcare568$97K0.0%-18.5%
C CITIGROUP INCFinancials845$96K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 13, 2026113$326.5M canonicalSEC ↗
Q4 202513F-HRJan 22, 2026114$326.9M canonicalSEC ↗
Q3 202513F-HROct 29, 2025111$319.8M canonicalSEC ↗
Q1 202513F-HRApr 23, 2025164$239.4M canonicalSEC ↗
Q4 202413F-HRJan 13, 2025134$246.7M canonicalSEC ↗
Q3 202413F-HROct 22, 2024101$243.9M canonicalSEC ↗
Q2 202413F-HRJul 10, 2024102$243.1M canonicalSEC ↗
Q1 202413F-HRMay 6, 2024106$2.4M canonicalSEC ↗