How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to CIDEL ASSET

13F Portfolio OverlapQ2 2026CIDEL ASSET portfolio →

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Most similar hedge funds by 13F overlap

CIDEL ASSET MANAGEMENT INC is an institutional investor managing $2.1B across 480 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to CIDEL ASSET are BANK OF NOVA SCOTIA, MUFG SECURITIES (CANADA), LTD., GUARDIAN, with shared positions in $RY, $TD, $BMO, $CNI, $FTS, $QSR. The full ranking of 25 similar funds is below.

#1BANK OF NOVA SCOTIA TRUST COActive

Substantial overlap · 15 shared positions

$RY $TD $BMO $CNI $FTS $QSR

$1.2B

173 positions

#2MUFG SECURITIES (CANADA), LTD.Active

Substantial overlap · 14 shared positions

$RY $TD $BMO $CNI $CM $MFC

$3.7B

43 positions

#3GUARDIAN CAPITAL LPActive

Substantial overlap · 15 shared positions

$RY $TD $BMO $CM $QSR $MFC

$4.1B

174 positions

#4Addenda Capital Inc.Active

Substantial overlap · 13 shared positions

$RY $TD $BMO $CNI $BNS $MFC

$3.7B

128 positions

#5TD Waterhouse Canada Inc.Passive

Substantial overlap · 13 shared positions

$RY $TD $BMO $CM $MFC $BNS

$38.0B

2,405 positions

#6SCOTIA CAPITAL INC.Active

Substantial overlap · 12 shared positions

$RY $TD $BMO $FTS $CM $CNI

$26.8B

915 positions

#7CIBC WORLD MARKET INC.Passive

Substantial overlap · 13 shared positions

$RY $TD $BMO $CM $BNS $MFC

$62.3B

1,540 positions

#8SIG North Trading, ULCActive

Substantial overlap · 13 shared positions

$RY $TD $BMO $CM $BNS $MFC

$5.4B

286 positions

#9PCJ Investment Counsel Ltd.Passive

Substantial overlap · 11 shared positions

$RY $TD $BMO $CNI $CM $BNS

$348M

62 positions

#10Guardian Partners Inc.Passive

Substantial overlap · 10 shared positions

$RY $TD $BMO $CNI $CM $FTS

$1.1B

391 positions

#11CIBC Asset Management IncPassive

Substantial overlap · 11 shared positions

$RY $TD $BMO $CM $CNI $MFC

$45.6B

1,428 positions

#12Murchinson Ltd.Passive

Substantial overlap · 11 shared positions

$RY $TD $BMO $CNI $CM $FTS

$725M

125 positions

#13LINCLUDEN MANAGEMENT LTDActive

Substantial overlap · 10 shared positions

$RY $TD $CNI $CM $QSR $MFC

$1.0B

68 positions

#14Scheer, Rowlett & Associates Investment Management Ltd.Active

Substantial overlap · 10 shared positions

$RY $TD $BMO $CNI $QSR $MFC

$1.4B

30 positions

#15Lorne Steinberg Wealth Management Inc.Passive

Substantial overlap · 9 shared positions

$RY $TD $BMO $CNI $CM $MFC

$487M

72 positions

#16MACKENZIE FINANCIAL CORPPassive

Substantial overlap · 11 shared positions

$RY $TD $BMO $CM $MFC $CNI

$101.2B

1,554 positions

#17Tacita Capital IncPassive

Substantial overlap · 10 shared positions

$RY $TD $FTS $CNI $CM $BNS

$184M

214 positions

#181832 Asset Management L.P.Smart money

Substantial overlap · 12 shared positions

$RY $TD $CNI $BMO $BNS $WCN

$199.4B

630 positions

#19Beutel, Goodman & Co Ltd.Active

Notable overlap · 11 shared positions

$RY $TD $BMO $QSR $CNI $MFC

$13.6B

163 positions

#20Gold Investment Management Ltd.Passive

Notable overlap · 12 shared positions

$RY $TD $CNI $CM $MFC $BNS

$369M

202 positions

#21Cardinal Capital Management, Inc.Active

Notable overlap · 10 shared positions

$RY $BMO $CNI $CM $MFC $BNS

$4.1B

70 positions

#22INTACT INVESTMENT MANAGEMENT INC.Passive

Notable overlap · 11 shared positions

$RY $TD $BMO $CNI $CM $MFC

$3.5B

274 positions

#23Triasima Portfolio Management inc.Passive

Notable overlap · 8 shared positions

$RY $TD $BMO $CM $FTS $CNI

$740M

127 positions

#24BANK OF MONTREAL /CAN/Passive

Notable overlap · 13 shared positions

$RY $TD $BMO $CM $BNS $CNQ

$303.7B

3,831 positions

#25TD ASSET MANAGEMENT INCPassive

Notable overlap · 12 shared positions

$RY $TD $BMO $CM $MFC $CP

$115.4B

1,216 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.