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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
+6.33%
1 Year Est. Return
+25.47%
3 Year Est. Return
+76.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7B
AUM Growth
-$16.2M
Cap. Flow
-$355M
Cap. Flow %
-5.07%
Top 10 Hldgs %
34.99%
Holding
117
New
12
Increased
30
Reduced
60
Closed
12

Top Buys

Rank Stock Value
1
ROP icon
Roper Technologies
ROP
+$123M
2
ICE icon
Intercontinental Exchange
ICE
+$119M
3
OTIS icon
Otis Worldwide
OTIS
+$85.4M
4
PM icon
Philip Morris
PM
+$62.2M
5
EQT icon
EQT Corp
EQT
+$50.6M

Top Sells

Rank Stock Value
1
GIB icon
CGI
GIB
+$80.6M
2
HCA icon
HCA Healthcare
HCA
+$63.2M
3
AXP icon
American Express
AXP
+$57M
4
COF icon
Capital One
COF
+$49.8M
5
WFC icon
Wells Fargo
WFC
+$48.8M

Sector Composition

Rank Sector Weight
1 Financials 28.17%
2 Technology 17.38%
3 Industrials 11.15%
4 Consumer Discretionary 9.97%
5 Materials 8.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.09T
$375M 5.36%
1,344,173
-167,400
-11% -$40.9M
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$3.91T
$286M 4.08%
1,176,314
-152,500
-11% -$31.9M
MSFT icon
3
Microsoft
MSFT
$2.84T
$282M 4.03%
544,381
-36,525
-6% -$18.6M
CNI icon
4
Canadian National Railway
CNI
$78.3B
$261M 3.73%
2,768,282
+156,027
+6% +$15.1M
WFC icon
5
Wells Fargo
WFC
$261B
$234M 3.34%
2,792,029
-602,231
-18% -$48.8M
AZO icon
6
AutoZone
AZO
$48.3B
$222M 3.17%
51,746
-4,165
-7% -$16.7M
OTIS icon
7
Otis Worldwide
OTIS
$27.4B
$221M 3.15%
2,411,956
+940,862
+64% +$85.4M
MCO icon
8
Moody's
MCO
$81.7B
$196M 2.8%
412,142
-13,500
-3% -$6.81M
AEM icon
9
Agnico Eagle Mines
AEM
$72.6B
$190M 2.72%
1,129,144
+184,177
+19% +$25.3M
CNQ icon
10
Canadian Natural Resources
CNQ
$96.9B
$183M 2.61%
5,721,033
-410,569
-7% -$12.9M
MA icon
11
Mastercard
MA
$477B
$173M 2.47%
303,681
-12,950
-4% -$7.44M
PM icon
12
Philip Morris
PM
$301B
$165M 2.35%
1,015,591
+369,652
+57% +$62.2M
AXP icon
13
American Express
AXP
$223B
$164M 2.34%
492,943
-179,338
-27% -$57M
QSR icon
14
Restaurant Brands International
QSR
$25.1B
$162M 2.31%
2,523,267
-16,708
-0.7% -$1.1M
ADI icon
15
Analog Devices
ADI
$181B
$158M 2.26%
644,365
-171,217
-21% -$41.2M
RY icon
16
Royal Bank of Canada
RY
$291B
$151M 2.16%
1,026,117
-13,156
-1% -$1.81M
CME icon
17
CME Group
CME
$92.2B
$150M 2.15%
556,262
-19,800
-3% -$5.39M
TECK icon
18
Teck Resources
TECK
$29.5B
$147M 2.1%
3,348,736
+938,702
+39% +$34.1M
ORCL icon
19
Oracle
ORCL
$331B
$145M 2.07%
514,998
+30,900
+6% +$7.87M
EQT icon
20
EQT Corp
EQT
$33.2B
$133M 1.9%
2,467,725
+957,630
+63% +$50.6M
RBA icon
21
RB Global
RBA
$20.8B
$132M 1.88%
1,217,774
-17,117
-1% -$1.92M
V icon
22
Visa
V
$677B
$131M 1.87%
383,914
-4,494
-1% -$1.56M
CVS icon
23
CVS Health
CVS
$137B
$129M 1.84%
1,704,608
+92,430
+6% +$6.33M
ELV icon
24
Elevance Health
ELV
$81.9B
$126M 1.8%
389,399
+59,743
+18% +$18.6M
TJX icon
25
TJX Companies
TJX
$170B
$124M 1.77%
858,317
-106,700
-11% -$14.2M
1
2 3 4 5

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Canoe Financial's Q3 2025 Portfolio in Review

As of Q3 2025, Canoe Financial held 117 positions worth $7B, down 0.23% from $7.02B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Canoe Financial withdrew a net $355M in Q3 2025, closing 12 positions and reducing 60 holdings. Its most notable exit was HCA Healthcare, an estimated $63.2M position sold in full.

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

Against the trend, Canoe Financial opened a new position in Intercontinental Exchange worth $112M.

  • Canoe Financial's largest Q3 2025 buy was Intercontinental Exchange: 663,757 shares worth $112M.
  • Canoe Financial added most to Roper Technologies in Q3 2025, an estimated $123M increase.
  • Canoe Financial's biggest Q3 2025 reduction was CGI, cutting an estimated $80.6M.
  • Canoe Financial fully exited HCA Healthcare in Q3 2025, selling an estimated $63.2M.
  • Canoe Financial's ten largest holdings make up 35% of its $7B portfolio in Q3 2025.
  • Canoe Financial opened 12 new positions and closed 12 in Q3 2025.
  • Canoe Financial's portfolio value fell 0.23% quarter-over-quarter to $7B.

Based on Canoe Financial's 13F filing for Q3 2025, filed 15 Oct 2025.