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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
+8.41%
1 Year Est. Return
+25.47%
3 Year Est. Return
+76.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$4.16B
AUM Growth
-$1.24B
Cap. Flow
-$1.53B
Cap. Flow %
-36.75%
Top 10 Hldgs %
39.92%
Holding
117
New
24
Increased
17
Reduced
42
Closed
29

Top Buys

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$210M
2
WFC icon
Wells Fargo
WFC
+$162M
3
V icon
Visa
V
+$130M
4
WPM icon
Wheaton Precious Metals
WPM
+$108M
5
EQT icon
EQT Corp
EQT
+$85M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$223M
2
TSM icon
TSMC
TSM
+$205M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$182M
4
MCO icon
Moody's
MCO
+$167M
5
AZO icon
AutoZone
AZO
+$149M

Sector Composition

Rank Sector Weight
1 Financials 27.13%
2 Consumer Discretionary 14.77%
3 Healthcare 11.16%
4 Industrials 10.54%
5 Technology 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
1
UnitedHealth
UNH
$382B
$216M 5.2%
+371,515
New +$210M
AXP icon
2
American Express
AXP
$223B
$203M 4.87%
748,162
-131,638
-15% -$32.8M
ELV icon
3
Elevance Health
ELV
$81.9B
$179M 4.3%
341,724
+9,024
+3% +$4.82M
AEM icon
4
Agnico Eagle Mines
AEM
$72.6B
$163M 3.92%
1,993,016
-105,145
-5% -$8.14M
WFC icon
5
Wells Fargo
WFC
$261B
$161M 3.86%
+2,871,719
New +$162M
LOW icon
6
Lowe's Companies
LOW
$116B
$152M 3.65%
569,036
-33,194
-6% -$8.04M
PM icon
7
Philip Morris
PM
$301B
$151M 3.63%
1,253,470
-27,773
-2% -$3.23M
RY icon
8
Royal Bank of Canada
RY
$291B
$151M 3.62%
1,214,397
-76,615
-6% -$8.8M
QSR icon
9
Restaurant Brands International
QSR
$25.1B
$145M 3.48%
2,028,349
+139,335
+7% +$9.79M
ADI icon
10
Analog Devices
ADI
$181B
$141M 3.38%
605,935
+212,432
+54% +$47.9M
V icon
11
Visa
V
$677B
$132M 3.17%
+479,448
New +$130M
RBA icon
12
RB Global
RBA
$20.8B
$114M 2.74%
1,418,666
+255,484
+22% +$20.7M
WPM icon
13
Wheaton Precious Metals
WPM
$50.6B
$113M 2.72%
+1,808,726
New +$108M
MTB icon
14
M&T Bank
MTB
$36.2B
$103M 2.48%
588,302
+133,748
+29% +$22.2M
EQT icon
15
EQT Corp
EQT
$33.2B
$89.9M 2.16%
+2,500,000
New +$85M
TSM icon
16
TSMC
TSM
$2.09T
$89.8M 2.16%
504,596
-1,205,141
-70% -$205M
SBUX icon
17
Starbucks
SBUX
$118B
$89.5M 2.15%
919,222
-654
-0.1% -$56.1K
DFS
18
DELISTED
Discover Financial Services
DFS
$86.5M 2.08%
621,082
-16,159
-3% -$2.17M
RRC icon
19
Range Resources
RRC
$9.11B
$81.3M 1.95%
2,660,309
+1,422,200
+115% +$44M
ROST icon
20
Ross Stores
ROST
$76.6B
$79.8M 1.92%
526,323
-12,426
-2% -$1.83M
LBRT icon
21
Liberty Energy
LBRT
$2.83B
$79.4M 1.91%
4,124,695
+699,500
+20% +$14.4M
BRK.B icon
22
Berkshire Hathaway Class B
BRK.B
$1.07T
$77.5M 1.86%
169,344
-6,829
-4% -$3.02M
MAR icon
23
Marriott International
MAR
$98.7B
$77.3M 1.86%
+305,606
New +$71.2M
B
24
Barrick Mining
B
$62.2B
$76.5M 1.84%
3,779,421
-730,409
-16% -$13.9M
FDX icon
25
FedEx
FDX
$74.5B
$67.1M 1.61%
250,647
+4,423
+2% +$1.28M
1
2 3 4 5

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VIM
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MAM
Madison Asset Management Madison, Wisconsin $8.06B AUM 11.81% 1-Year Est. Return
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 2024 Portfolio in Review

As of Q3 2024, Canoe Financial held 117 positions worth $4.16B, down 23% from $5.4B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Canoe Financial withdrew a net $1.53B in Q3 2024, closing 29 positions and reducing 42 holdings. Its most notable exit was CVS Health, an estimated $109M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Canoe Financial opened a new position in UnitedHealth worth $216M.

  • Canoe Financial's largest Q3 2024 buy was UnitedHealth: 371,515 shares worth $216M.
  • Canoe Financial added most to Analog Devices in Q3 2024, an estimated $47.9M increase.
  • Canoe Financial's biggest Q3 2024 reduction was Microsoft, cutting an estimated $223M.
  • Canoe Financial fully exited CVS Health in Q3 2024, selling an estimated $109M.
  • Canoe Financial's ten largest holdings make up 40% of its $4.16B portfolio in Q3 2024.
  • Canoe Financial opened 24 new positions and closed 29 in Q3 2024.
  • Canoe Financial's portfolio value fell 23% quarter-over-quarter to $4.16B.

Based on Canoe Financial's 13F filing for Q3 2024, filed 24 Oct 2024.