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CF

Canoe Financial Portfolio holdings

AUM $8.07B
1-Year Est. Return 25.47%
This Fund
S&P 500
This Quarter Est. Return
-1.89%
1 Year Est. Return
+25.47%
3 Year Est. Return
+76.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.58B
AUM Growth
-$1.2B
Cap. Flow
-$1.71B
Cap. Flow %
-47.84%
Top 10 Hldgs %
40.57%
Holding
111
New
8
Increased
18
Reduced
40
Closed
30

Top Buys

Rank Stock Value
1
AXP icon
American Express
AXP
+$81M
2
KVUE icon
Kenvue
KVUE
+$70.7M
3
ELV icon
Elevance Health
ELV
+$65.5M
4
RBA icon
RB Global
RBA
+$56.1M
5
HHRS
Hammerhead Energy Inc. Class A Common Stock
HHRS
+$38.8M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$230M
2
MCO icon
Moody's
MCO
+$151M
3
TSM icon
TSMC
TSM
+$149M
4
MA icon
Mastercard
MA
+$147M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$144M

Sector Composition

Rank Sector Weight
1 Industrials 19.72%
2 Financials 19.22%
3 Healthcare 17.87%
4 Consumer Staples 10.85%
5 Materials 10.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
26
RB Global
RBA
$21.7B
$57M 1.59%
+909,865
New +$56.1M
DD icon
27
DuPont de Nemours
DD
$18.7B
$55M 1.54%
432,137
-1,727
-0.4% -$162K
RRC icon
28
Range Resources
RRC
$9.29B
$52.8M 1.48%
1,195,400
+554,400
+86% +$17.3M
AZN icon
29
AstraZeneca
AZN
$269B
$51.7M 1.44%
280,915
-1,066
-0.4% -$146K
BMY icon
30
Bristol-Myers Squibb
BMY
$130B
$50.8M 1.42%
643,810
-461,438
-42% -$28.3M
MS icon
31
Morgan Stanley
MS
$322B
$49.2M 1.38%
443,651
-235,429
-35% -$20.4M
CCJ icon
32
Cameco
CCJ
$37.1B
$48.5M 1.36%
1,223,368
– –
CB icon
33
Chubb
CB
$141B
$46.6M 1.3%
164,846
– –
HHRS
34
DELISTED
Hammerhead Energy Inc. Class A Common Stock
HHRS
$46.1M 1.29%
+3,843,318
New +$38.8M
CNC icon
35
Centene
CNC
$30.5B
$38.3M 1.07%
409,156
-134,025
-25% -$8.92M
RCI icon
36
Rogers Communications
RCI
$19.1B
$36.4M 1.02%
948,911
-13,243
-1% -$556K
FTV icon
37
Fortive
FTV
$18B
$36.4M 1.02%
479,918
-5,059
-1% -$291K
FISV
38
Fiserv Inc
FISV
$29.7B
$34.9M 0.98%
+227,770
New +$28.1M
FNV icon
39
Franco-Nevada
FNV
$41.3B
$34.6M 0.97%
258,869
-977
-0.4% -$138K
ATS icon
40
ATS Corp
ATS
$2.61B
$30.3M 0.85%
710,581
-34,508
-5% -$1.52M
CVE icon
41
Cenovus Energy
CVE
$54.1B
$29.3M 0.82%
1,406,395
+234,500
+20% +$4.48M
SLF icon
42
Sun Life Financial
SLF
$45.9B
$27.6M 0.77%
566,378
– –
ASH icon
43
Ashland
ASH
$3.35B
$16.7M 0.47%
150,758
-4,119
-3% -$357K
BKR icon
44
Baker Hughes
BKR
$59.5B
$15.3M 0.43%
319,100
-220,700
-41% -$7.81M
TCN
45
DELISTED
Tricon Residential Inc.
TCN
$12.7M 0.35%
1,717,516
-1,246,443
-42% -$10.7M
SSRM icon
46
SSR Mining
SSRM
$5.19B
$11.2M 0.31%
845,472
-4,484
-0.5% -$65K
VNOM icon
47
Viper Energy
VNOM
$8.45B
$9.34M 0.26%
246,700
-178,300
-42% -$4.91M
VRN
48
DELISTED
Veren
VRN
$7.7M 0.22%
928,800
+44,000
+5% +$351K
STN icon
49
Stantec
STN
$8.19B
$7.69M 0.22%
118,579
+515
+0.4% +$34.2K
CIGI icon
50
Colliers International
CIGI
$5.3B
$6.03M 0.17%
63,274
-6,712
-10% -$721K
1
2
3 4 5

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VIM
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MAM
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AIM
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FMI
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CCM
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WA
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MT
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Canoe Financial's Q3 2023 Portfolio in Review

As of Q3 2023, Canoe Financial held 111 positions worth $3.58B, down 25% from $4.78B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Canoe Financial withdrew a net $1.71B in Q3 2023, closing 30 positions and reducing 40 holdings. Its most notable exit was Microsoft, an estimated $230M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Canoe Financial opened a new position in American Express worth $100M.

  • Canoe Financial's largest Q3 2023 buy was American Express: 495,380 shares worth $100M.
  • Canoe Financial added most to Elevance Health in Q3 2023, an estimated $65.5M increase.
  • Canoe Financial's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $112M.
  • Canoe Financial fully exited Microsoft in Q3 2023, selling an estimated $230M.
  • Canoe Financial's ten largest holdings make up 41% of its $3.58B portfolio in Q3 2023.
  • Canoe Financial opened 8 new positions and closed 30 in Q3 2023.
  • Canoe Financial's portfolio value fell 25% quarter-over-quarter to $3.58B.

Based on Canoe Financial's 13F filing for Q3 2023, filed 3 Nov 2023.