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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
-0.18%
1 Year Est. Return
+25.47%
3 Year Est. Return
+76.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.4B
AUM Growth
-$672M
(-11%)
Cap. Flow
-$719M
Cap. Flow
% of AUM
-13.32%
Top 10 Holdings %
Top 10 Hldgs %
37.01%
Holding
105
New
3
Increased
–
Reduced
4
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Oil Services ETF
OIH
|
+$452K |
| 2 |
Patterson-UTI
PTEN
|
+$104K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$252M |
| 2 |
Wells Fargo
WFC
|
+$171M |
| 3 |
TJX Companies
TJX
|
+$111M |
| 4 |
Wheaton Precious Metals
WPM
|
+$85.5M |
| 5 |
Union Pacific
UNP
|
+$39.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.37% |
| 2 | Consumer Discretionary | 13.48% |
| 3 | Industrials | 12.96% |
| 4 | Technology | 12.81% |
| 5 | Healthcare | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.84T
| $261M | 4.84% |
621,147
| – | – |
|
2
TSMC
TSM
$2.09T
| $233M | 4.31% |
1,709,737
| – | – |
|
3
American Express
AXP
$223B
| $200M | 3.71% |
879,800
| – | – |
|
4
Alphabet (Google) Class A
GOOGL
$3.91T
| $198M | 3.68% |
1,314,715
| – | – |
|
5
AutoZone
AZO
$48.3B
| $184M | 3.4% |
58,296
| – | – |
|
6
Mastercard
MA
$477B
| $175M | 3.24% |
363,596
| – | – |
|
7
Elevance Health
ELV
$81.9B
| $173M | 3.2% |
332,700
| – | – |
|
8
Moody's
MCO
$81.7B
| $168M | 3.12% |
428,692
| – | – |
|
9
Lowe's Companies
LOW
$116B
| $153M | 2.84% |
602,230
| – | – |
|
10
Restaurant Brands International
QSR
$25.1B
| $150M | 2.78% |
1,889,014
| – | – |
|
11
Royal Bank of Canada
RY
$291B
| $130M | 2.41% |
1,291,012
| – | – |
|
12
Agnico Eagle Mines
AEM
$72.6B
| $125M | 2.32% |
2,098,161
| – | – |
|
13
Philip Morris
PM
$301B
| $117M | 2.18% |
1,281,243
| – | – |
|
14
Sherwin-Williams
SHW
$78.3B
| $111M | 2.05% |
319,018
| – | – |
|
15
CVS Health
CVS
$137B
| $109M | 2.02% |
1,369,374
| – | – |
|
16
GE Aerospace
GE
$367B
| $105M | 1.95% |
599,693
-151,722
| -20% | -$24.2M |
|
17
Otis Worldwide
OTIS
$27.4B
| $101M | 1.87% |
1,018,485
| – | – |
|
18
CME Group
CME
$92.2B
| $98.5M | 1.82% |
457,381
| – | – |
|
19
RB Global
RBA
$20.8B
| $88.6M | 1.64% |
1,163,182
| – | – |
|
20
Emerson Electric
EMR
$82.9B
| $86.2M | 1.6% |
759,828
| – | – |
|
21
Johnson & Johnson
JNJ
$635B
| $84.3M | 1.56% |
532,714
| – | – |
|
22
Starbucks
SBUX
$118B
| $84.1M | 1.56% |
919,876
| – | – |
|
|
DFS
23
DELISTED
Discover Financial Services
DFS
| $83.5M | 1.55% |
637,241
| – | – |
|
24
MSCI
MSCI
$40B
| $80M | 1.48% |
142,757
| – | – |
|
25
Ross Stores
ROST
$76.6B
| $79.1M | 1.47% |
538,749
| – | – |
|
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WA
Canoe Financial's Q2 2024 Portfolio in Review
As of Q2 2024, Canoe Financial held 105 positions worth $5.4B, down 11% from $6.07B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Canoe Financial withdrew a net $719M in Q2 2024, closing 12 positions and reducing 4 holdings. Its most notable exit was UnitedHealth, an estimated $252M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Canoe Financial opened a new position in VanEck Oil Services ETF worth $310K.
- Canoe Financial's largest Q2 2024 buy was VanEck Oil Services ETF: 1,410 shares worth $310K.
- Canoe Financial's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $24.2M.
- Canoe Financial fully exited UnitedHealth in Q2 2024, selling an estimated $252M.
- Canoe Financial's ten largest holdings make up 37% of its $5.4B portfolio in Q2 2024.
- Canoe Financial opened 3 new positions and closed 12 in Q2 2024.
- Canoe Financial's portfolio value fell 11% quarter-over-quarter to $5.4B.
Based on Canoe Financial's 13F filing for Q2 2024, filed 23 Jul 2024.