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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
+7.68%
1 Year Est. Return
+25.47%
3 Year Est. Return
+76.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7.02B
AUM Growth
+$777M
Cap. Flow
+$406M
Cap. Flow %
5.78%
Top 10 Hldgs %
34.64%
Holding
117
New
16
Increased
38
Reduced
50
Closed
12

Top Buys

Rank Stock Value
1
COF icon
Capital One
COF
+$113M
2
TECK icon
Teck Resources
TECK
+$87.1M
3
ORCL icon
Oracle
ORCL
+$59.3M
4
CRM icon
Salesforce
CRM
+$56.2M
5
MTB icon
M&T Bank
MTB
+$51.9M

Top Sells

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$101M
2
PM icon
Philip Morris
PM
+$84.1M
3
ADBE icon
Adobe
ADBE
+$80.7M
4
WPM icon
Wheaton Precious Metals
WPM
+$66.7M
5
UNH icon
UnitedHealth
UNH
+$57.6M

Sector Composition

Rank Sector Weight
1 Financials 28.16%
2 Technology 16.85%
3 Industrials 10.23%
4 Consumer Discretionary 9.63%
5 Healthcare 8.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.09T
$342M 4.88%
1,511,573
-119,239
-7% -$22.1M
MSFT icon
2
Microsoft
MSFT
$2.84T
$289M 4.12%
580,906
-25,500
-4% -$11.1M
CNI icon
3
Canadian National Railway
CNI
$78.3B
$272M 3.88%
2,612,255
+180,594
+7% +$18.4M
WFC icon
4
Wells Fargo
WFC
$261B
$272M 3.87%
3,394,260
+604,930
+22% +$43.6M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$3.91T
$234M 3.34%
1,328,814
-103,200
-7% -$16.9M
AXP icon
6
American Express
AXP
$223B
$214M 3.05%
672,281
+122,962
+22% +$34.6M
MCO icon
7
Moody's
MCO
$81.7B
$213M 3.04%
425,642
-23,400
-5% -$10.8M
AZO icon
8
AutoZone
AZO
$48.3B
$208M 2.96%
55,911
-4,710
-8% -$17.4M
ADI icon
9
Analog Devices
ADI
$181B
$194M 2.77%
815,582
+159,086
+24% +$33.1M
CNQ icon
10
Canadian Natural Resources
CNQ
$96.9B
$192M 2.74%
6,131,602
+1,393,025
+29% +$42.2M
MA icon
11
Mastercard
MA
$477B
$178M 2.53%
316,631
-15,600
-5% -$8.63M
QSR icon
12
Restaurant Brands International
QSR
$25.1B
$169M 2.4%
2,539,975
+232,624
+10% +$15.5M
CME icon
13
CME Group
CME
$92.2B
$159M 2.26%
576,062
-24,357
-4% -$6.62M
OTIS icon
14
Otis Worldwide
OTIS
$27.4B
$146M 2.08%
1,471,094
-32,275
-2% -$3.12M
V icon
15
Visa
V
$677B
$138M 1.96%
388,408
+5,053
+1% +$1.76M
RY icon
16
Royal Bank of Canada
RY
$291B
$137M 1.95%
1,039,273
-16,397
-2% -$2.01M
RBA icon
17
RB Global
RBA
$20.8B
$131M 1.87%
1,234,891
-7,250
-0.6% -$743K
COF icon
18
Capital One
COF
$124B
$129M 1.84%
+606,238
New +$113M
UNH icon
19
UnitedHealth
UNH
$382B
$129M 1.83%
412,019
-150,740
-27% -$57.6M
ELV icon
20
Elevance Health
ELV
$81.9B
$128M 1.83%
329,656
+6,018
+2% +$2.42M
SHW icon
21
Sherwin-Williams
SHW
$78.3B
$121M 1.73%
353,157
-950
-0.3% -$329K
TJX icon
22
TJX Companies
TJX
$170B
$119M 1.7%
965,017
-87,100
-8% -$11M
PM icon
23
Philip Morris
PM
$301B
$118M 1.68%
645,939
-489,574
-43% -$84.1M
AEM icon
24
Agnico Eagle Mines
AEM
$72.6B
$113M 1.61%
944,967
-476,127
-34% -$55.3M
SYY icon
25
Sysco
SYY
$39.7B
$112M 1.59%
1,477,348
+46,199
+3% +$3.35M
1
2 3 4 5

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FIA
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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 Q2 2025 Portfolio in Review

As of Q2 2025, Canoe Financial held 117 positions worth $7.02B, up 12% from $6.24B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Canoe Financial deployed $406M of net new capital in Q2 2025, opening 16 new positions and adding to 38 existing holdings. Its largest new stake was Capital One: 606,238 shares worth $129M.

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

On the sell side, the largest reduction was Philip Morris, an estimated $84.1M trimmed.

  • Canoe Financial's largest Q2 2025 buy was Capital One: 606,238 shares worth $129M.
  • Canoe Financial added most to Oracle in Q2 2025, an estimated $59.3M increase.
  • Canoe Financial's biggest Q2 2025 reduction was Philip Morris, cutting an estimated $84.1M.
  • Canoe Financial fully exited Discover Financial Services in Q2 2025, selling an estimated $101M.
  • Canoe Financial's ten largest holdings make up 35% of its $7.02B portfolio in Q2 2025.
  • Canoe Financial opened 16 new positions and closed 12 in Q2 2025.
  • Canoe Financial's portfolio value rose 12% quarter-over-quarter to $7.02B.

Based on Canoe Financial's 13F filing for Q2 2025, filed 10 Jul 2025.