Cidel Asset Management Trims ConocoPhillips Stake

Institutional investor reduces holdings in major energy producer

Apr. 6, 2026 at 8:33am

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Cidel Asset Management Inc. decreased its position in shares of ConocoPhillips (NYSE:COP) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,129 shares of the energy producer's stock worth $13.96 million at the end of the reporting period.

Why it matters

This filing provides insight into the investment decisions of Cidel Asset Management, a prominent institutional investor. Changes in large shareholder positions can influence market sentiment and stock price movements for major companies like ConocoPhillips.

The details

Cidel Asset Management sold 8,326 shares of ConocoPhillips during the fourth quarter, reducing its total holdings to 149,129 shares. The firm cited unspecified factors for the portfolio adjustment, which represented a 5.3% decrease in its COP position.

  • Cidel Asset Management filed its 13F report for the fourth quarter of 2025 on April 6, 2026.

The players

Cidel Asset Management Inc.

A Canadian investment management firm that oversees over $13 billion in client assets.

ConocoPhillips

A major American energy company focused on oil and gas exploration and production.

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The takeaway

This filing indicates that even large institutional investors are making selective adjustments to their energy sector holdings, likely in response to shifting market conditions and portfolio strategies. The reduced stake in ConocoPhillips by Cidel Asset Management could signal broader investor caution around major integrated oil companies.