Cidel Asset Management Trims Stake in Canadian Pacific Kansas City

The investment firm reduced its holdings in the transportation company by nearly half during the fourth quarter.

Apr. 6, 2026 at 8:33am

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Cidel Asset Management Inc. decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) by 45.7% during the fourth quarter, according to a recent SEC filing. The firm now owns 113,864 shares of the transportation company's stock, down from 209,780 shares at the end of the prior quarter.

Why it matters

The reduction in Cidel's position in Canadian Pacific Kansas City reflects broader market trends and investor sentiment around the transportation sector. As a major North American freight railroad, CPKC's performance is closely watched as an indicator of economic activity and trade flows across the U.S., Canada, and Mexico.

The details

According to the 13F filing, Cidel Asset Management sold 95,916 shares of Canadian Pacific Kansas City during the fourth quarter, leaving it with a total position valued at $8.39 million as of the end of 2025. The move comes as CPKC shares have traded in a range between $66.49 and $89.42 over the past 52 weeks.

  • Cidel Asset Management filed its 13F report for the fourth quarter of 2025 on April 6, 2026.
  • The firm reduced its CPKC holdings during the three-month period ending December 31, 2025.

The players

Cidel Asset Management Inc.

A Canadian investment management firm that reduced its stake in Canadian Pacific Kansas City Limited by 45.7% in the fourth quarter of 2025.

Canadian Pacific Kansas City Limited

A North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern, operating an integrated rail network across Canada, the United States, and Mexico.

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The takeaway

Cidel Asset Management's reduction in its CPKC holdings reflects broader market uncertainty around the transportation sector, as investors weigh factors like economic conditions, trade flows, and the long-term impact of technological changes on the freight rail industry.