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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
+4.06%
1 Year Est. Return
+25.47%
3 Year Est. Return
+76.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.24B
AUM Growth
+$106M
Cap. Flow
-$671M
Cap. Flow %
-10.76%
Top 10 Hldgs %
36.11%
Holding
109
New
12
Increased
38
Reduced
47
Closed
8

Top Buys

Rank Stock Value
1
CNQ icon
Canadian Natural Resources
CNQ
+$115M
2
SYY icon
Sysco
SYY
+$105M
3
ADBE icon
Adobe
ADBE
+$94.1M
4
CVS icon
CVS Health
CVS
+$83.1M
5
UNH icon
UnitedHealth
UNH
+$51.5M

Top Sells

Rank Stock Value
1
DEO icon
Diageo
DEO
+$912M
2
EQT icon
EQT Corp
EQT
+$83.2M
3
ELV icon
Elevance Health
ELV
+$80.6M
4
AEM icon
Agnico Eagle Mines
AEM
+$52.6M
5
FDX icon
FedEx
FDX
+$42.3M

Sector Composition

Rank Sector Weight
1 Financials 27.91%
2 Technology 14.72%
3 Healthcare 11.86%
4 Industrials 11.04%
5 Consumer Discretionary 10.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
1
UnitedHealth
UNH
$382B
$295M 4.72%
562,759
+100,659
+22% +$51.5M
TSM icon
2
TSMC
TSM
$2.09T
$271M 4.34%
1,630,812
+51,738
+3% +$10.1M
CNI icon
3
Canadian National Railway
CNI
$78.3B
$237M 3.79%
2,431,661
+293,918
+14% +$29.7M
AZO icon
4
AutoZone
AZO
$48.3B
$231M 3.7%
60,621
-1,850
-3% -$6.38M
MSFT icon
5
Microsoft
MSFT
$2.84T
$228M 3.65%
606,406
-11,200
-2% -$4.57M
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$3.91T
$221M 3.55%
1,432,014
+8,000
+0.6% +$1.45M
MCO icon
7
Moody's
MCO
$81.7B
$209M 3.35%
449,042
+26,418
+6% +$12.7M
WFC icon
8
Wells Fargo
WFC
$261B
$200M 3.21%
2,789,330
+164,607
+6% +$12.4M
MA icon
9
Mastercard
MA
$477B
$182M 2.92%
332,231
-21,000
-6% -$11.4M
PM icon
10
Philip Morris
PM
$301B
$180M 2.89%
1,135,513
-110,161
-9% -$15.6M
CME icon
11
CME Group
CME
$92.2B
$159M 2.55%
600,419
+56,200
+10% +$13.9M
OTIS icon
12
Otis Worldwide
OTIS
$27.4B
$155M 2.49%
1,503,369
+469,946
+45% +$45.9M
AEM icon
13
Agnico Eagle Mines
AEM
$72.6B
$154M 2.47%
1,421,094
-550,558
-28% -$52.6M
QSR icon
14
Restaurant Brands International
QSR
$25.1B
$154M 2.46%
2,307,351
+291,269
+14% +$18.8M
AXP icon
15
American Express
AXP
$223B
$148M 2.37%
549,319
+80,033
+17% +$23.7M
CNQ icon
16
Canadian Natural Resources
CNQ
$96.9B
$146M 2.34%
4,738,577
+3,797,846
+404% +$115M
ELV icon
17
Elevance Health
ELV
$81.9B
$141M 2.26%
323,638
-200,893
-38% -$80.6M
WPM icon
18
Wheaton Precious Metals
WPM
$50.6B
$138M 2.2%
1,772,043
-21,979
-1% -$1.47M
V icon
19
Visa
V
$677B
$134M 2.15%
383,355
-4,546
-1% -$1.54M
ADI icon
20
Analog Devices
ADI
$181B
$132M 2.12%
656,496
+57,205
+10% +$12.4M
TJX icon
21
TJX Companies
TJX
$170B
$128M 2.05%
1,052,117
-12,100
-1% -$1.47M
RBA icon
22
RB Global
RBA
$20.8B
$125M 2%
1,242,141
-15,916
-1% -$1.52M
SHW icon
23
Sherwin-Williams
SHW
$78.3B
$124M 1.98%
354,107
+14,400
+4% +$5.05M
RY icon
24
Royal Bank of Canada
RY
$291B
$119M 1.91%
1,055,670
-146,429
-12% -$17.2M
MSCI icon
25
MSCI
MSCI
$40B
$109M 1.75%
192,731
+6,600
+4% +$3.84M
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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WA
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Canoe Financial's Q1 2025 Portfolio in Review

As of Q1 2025, Canoe Financial held 109 positions worth $6.24B, up 1.7% from $6.14B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Canoe Financial withdrew a net $671M in Q1 2025, closing 8 positions and reducing 47 holdings. Its most notable exit was FedEx, an estimated $42.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 26% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Canoe Financial opened a new position in CVS Health worth $94.1M.

  • Canoe Financial's largest Q1 2025 buy was CVS Health: 1,388,195 shares worth $94.1M.
  • Canoe Financial added most to Canadian Natural Resources in Q1 2025, an estimated $115M increase.
  • Canoe Financial's biggest Q1 2025 reduction was Diageo, cutting an estimated $912M.
  • Canoe Financial fully exited FedEx in Q1 2025, selling an estimated $42.3M.
  • Canoe Financial's ten largest holdings make up 36% of its $6.24B portfolio in Q1 2025.
  • Canoe Financial opened 12 new positions and closed 8 in Q1 2025.
  • Canoe Financial's portfolio value rose 1.7% quarter-over-quarter to $6.24B.

Based on Canoe Financial's 13F filing for Q1 2025, filed 22 Apr 2025.