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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
PM icon
1
Philip Morris
PM
$301B
$204M 5.7%
1,621,939
+140,072
+9% +$13.5M
ELV icon
2
Elevance Health
ELV
$81.9B
$193M 5.4%
327,006
+144,422
+79% +$65.5M
UNP icon
3
Union Pacific
UNP
$183B
$178M 4.98%
644,885
+15,201
+2% +$3.31M
FDX icon
4
FedEx
FDX
$74.5B
$142M 3.97%
394,579
-1,554
-0.4% -$404K
WFC icon
5
Wells Fargo
WFC
$261B
$133M 3.71%
2,390,152
-9,555
-0.4% -$413K
QSR icon
6
Restaurant Brands International
QSR
$25.1B
$131M 3.66%
1,966,468
-15,856
-0.8% -$1.14M
TD icon
7
Toronto Dominion Bank
TD
$198B
$121M 3.37%
2,004,728
+156,427
+8% +$9.75M
RY icon
8
Royal Bank of Canada
RY
$291B
$118M 3.31%
1,354,179
-186,581
-12% -$17.4M
UNH icon
9
UnitedHealth
UNH
$382B
$116M 3.24%
169,420
-174,131
-51% -$85.7M
EMR icon
10
Emerson Electric
EMR
$82.9B
$115M 3.23%
880,228
+156,737
+22% +$14.9M
JNJ icon
11
Johnson & Johnson
JNJ
$635B
$104M 2.9%
490,902
-679,552
-58% -$112M
MDLZ icon
12
Mondelez International
MDLZ
$77.7B
$101M 2.82%
1,071,030
+160,297
+18% +$11.6M
AXP icon
13
American Express
AXP
$223B
$100M 2.8%
+495,380
New +$81M
AEM icon
14
Agnico Eagle Mines
AEM
$72.6B
$98.9M 2.76%
2,177,052
-8,979
-0.4% -$440K
GE icon
15
GE Aerospace
GE
$367B
$92.9M 2.6%
775,116
-3,119
-0.4% -$280K
ROST icon
16
Ross Stores
ROST
$76.6B
$88.3M 2.47%
575,573
-2,750
-0.5% -$315K
CVS icon
17
CVS Health
CVS
$137B
$85.7M 2.39%
903,495
-535,049
-37% -$37.9M
BRK.B icon
18
Berkshire Hathaway Class B
BRK.B
$1.07T
$84.6M 2.37%
177,894
– –
KVUE icon
19
Kenvue
KVUE
$37B
$83.3M 2.33%
+3,055,681
New +$70.7M
WPM icon
20
Wheaton Precious Metals
WPM
$50.6B
$72.6M 2.03%
1,788,471
-5,795
-0.3% -$250K
B
21
Barrick Mining
B
$62.2B
$70.6M 1.97%
4,862,511
-28,199
-0.6% -$462K
MGA icon
22
Magna International
MGA
$17.9B
$70.1M 1.96%
1,308,547
+544,012
+71% +$31.7M
CP icon
23
Canadian Pacific Kansas City
CP
$82B
$67.8M 1.89%
911,668
-2,689
-0.3% -$213K
CNQ icon
24
Canadian Natural Resources
CNQ
$96.9B
$66.9M 1.87%
2,067,988
-7,692
-0.4% -$235K
EFXT
25
Enerflex
EFXT
$2.78B
$57.1M 1.59%
9,939,431
-80,510
-0.8% -$541K
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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KPWS
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CCM
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WA
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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.