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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
GDX icon
51
VanEck Gold Miners ETF
GDX
$23.5B
$5.31M 0.15%
145,349
+794
+0.5% +$23.4K
CNI icon
52
Canadian National Railway
CNI
$76.9B
$5.1M 0.14%
47,137
– –
NTR icon
53
Nutrien
NTR
$33.9B
$4.69M 0.13%
75,945
+29,819
+65% +$1.89M
DSGX icon
54
Descartes Systems
DSGX
$6.39B
$4.5M 0.13%
61,249
+1,672
+3% +$126K
FSV icon
55
FirstService
FSV
$6.65B
$3.16M 0.09%
21,701
+1,959
+10% +$299K
GRP.U
56
DELISTED
Granite Real Estate Investment Trust
GRP.U
$3.08M 0.09%
58,119
+2,410
+4% +$136K
TFII icon
57
TFI International
TFII
$11B
$3.03M 0.08%
23,631
-14,751
-38% -$1.87M
BMO icon
58
Bank of Montreal
BMO
$125B
$2.96M 0.08%
35,105
– –
RGLD icon
59
Royal Gold
RGLD
$17.2B
$2.96M 0.08%
20,494
-1,331
-6% -$151K
TRP icon
60
TC Energy
TRP
$70.9B
$2.75M 0.08%
79,860
– –
OTEX icon
61
Open Text
OTEX
$6.15B
$2.71M 0.08%
77,215
– –
SPY icon
62
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$2.66M 0.07%
1,500
-8,625
-85% -$3.84M
BN icon
63
Brookfield
BN
$103B
$2.56M 0.07%
122,768
– –
AGI icon
64
Alamos Gold
AGI
$11.9B
$2.52M 0.07%
223,319
+2,727
+1% +$32.8K
HON icon
65
Honeywell
HON
$76.7B
$2.51M 0.07%
+10,610
New +$1.94M
SU icon
66
Suncor Energy
SU
$78.8B
$2.38M 0.07%
69,211
– –
FTS icon
67
Fortis
FTS
$29.3B
$2.38M 0.07%
62,536
– –
WCN
68
Waste Connections
WCN
$41.9B
$2.23M 0.06%
16,600
– –
ERF
69
DELISTED
Enerplus Corporation
ERF
$1.96M 0.05%
111,586
-2,057
-2% -$34K
MTZ icon
70
MasTec
MTZ
$25.6B
$1.61M 0.05%
16,500
-62,500
-79% -$6.23M
NKE icon
71
Nike
NKE
$62.7B
$1.56M 0.04%
12,000
-573,917
-98% -$59M
CM icon
72
Canadian Imperial Bank of Commerce
CM
$108B
$1.45M 0.04%
37,600
-7,000
-16% -$289K
ENB icon
73
Enbridge
ENB
$121B
$1.37M 0.04%
41,447
-56,000
-57% -$1.99M
ERO icon
74
Ero Copper
ERO
$2.82B
$1.15M 0.03%
66,547
-2,014
-3% -$41.1K
TECK icon
75
Teck Resources
TECK
$30.7B
$952K 0.03%
22,120
– –
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.