Canoe Financial LP
Reported holdings as of Q3 2026, from 15 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SLB LIMITED CALL | SLB | $428.4M | 7,531,182 | +0.71pp | 4q | -2.6%-$11.4M | |
| CANADIAN NATL RY CO | CNI | $388.0M | 3,309,796 | -0.36pp | 8q | -2.9%-$11.5M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $295.1M | 642,620 | -0.71pp | 11q | -10.8%-$35.8M | |
| VISA INC | V | $236.6M | 657,372 | +0.03pp | 9q | -0.9%-$2.1M | |
| EQT Corp CALL | EQT | $236.1M | 4,136,572 | +0.17pp | 9q | +2.9%+$6.6M | |
| RESTAURANT BRANDS INTL INC | QSR | $234.4M | 3,359,091 | -0.19pp | 15q | HELD | |
| ALPHABET INC | GOOGL | $224.2M | 662,714 | -0.49pp | 11q | -8.1%-$19.8M | |
| OTIS WORLDWIDE CORP | OTIS | $205.6M | 3,188,862 | -0.23pp | 11q | +4.7%+$9.3M | |
| EXPAND ENERGY CORPORATION CALL | EXE | $197.2M | 1,742,706 | +2.06pp | 9q | +583.7%+$168.3M | |
| PHILIP MORRIS INTL INC | PM | $190.8M | 1,014,129 | +0.02pp | 15q | HELD | |
| CANADIAN PACIFIC KANSAS CITY | CP | $188.4M | 2,228,628 | -0.12pp | 14q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $187.7M | 287,690 | +0.33pp | 7q | -7.2%-$14.6M | |
| RANGE RES CORP CALL | RRC | $187.6M | 3,942,391 | +0.73pp | 14q | +19.0%+$29.9M | |
| MICROSOFT CORP | MSFT | $186.6M | 363,891 | +0.09pp | 11q | -21.9%-$52.3M | |
| JOHNSON & JOHNSON | JNJ | $184.8M | 714,643 | -0.03pp | 15q | HELD | |
| AGNICO EAGLE MINES LTD | AEM | $178.1M | 986,414 | +1.32pp | 15q | +130.5%+$100.8M | |
| CVS HEALTH CORP CALL | CVS | $172.2M | 2,014,839 | -0.74pp | 7q | -8.2%-$15.3M | |
| DANAHER CORP DEL | DHR | $169.4M | 800,124 | +0.72pp | 2q | +43.3%+$51.2M | |
| EMERSON ELEC CO | EMR | $162.7M | 1,025,830 | +0.67pp | 14q | +41.2%+$47.5M | |
| NUTRIEN LTD | NTR | $161.8M | 2,318,096 | +0.29pp | 3q | +8.7%+$13.0M | |
| DEERE CO | DE | $160.2M | 240,105 | +0.04pp | 3q | HELD | |
| MASTERCARD INCORPORATED | MA | $157.4M | 286,138 | +0.02pp | 11q | -3.0%-$4.9M | |
| MOODYS CORP | MCO | $156.1M | 348,842 | -0.22pp | 11q | -6.5%-$10.9M | |
| WHEATON PRECIOUS METALS CORP | WPM | $142.7M | 1,070,765 | +0.88pp | 9q | +78.8%+$62.9M | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $139.1M | 364,526 | -0.07pp | 15q | HELD | |
| ROYAL BK CDA | RY | $136.7M | 699,679 | -0.15pp | 15q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $132.1M | 261,418 | -0.06pp | 4q | HELD | |
| INTERCONTINENTAL HOTELS GROUP | $131.7M | 824,254 | -0.34pp | 4q | -8.7%-$12.5M | ||
| INTERCONTINENTAL EXCHANGE IN CALL | ICE | $129.1M | 845,608 | +0.31pp | 5q | +3.4%+$4.3M | |
| WELLS FARGO & CO | WFC | $126.0M | 1,569,864 | -0.09pp | 9q | HELD | |
| CENOVUS ENERGY INC | CVE | $125.4M | 3,961,386 | +0.29pp | 4q | HELD | |
| CANADIAN NAT RES LTD MED TER | CNQ | $124.9M | 2,609,343 | +0.31pp | 15q | +7.1%+$8.2M | |
| ENERFLEX LTD | EFXT | $118.8M | 4,664,632 | flat | 15q | -0.8%-$948.7K | |
| RB GLOBAL INC | RBA | $117.7M | 1,443,141 | -0.60pp | 13q | +3.0%+$3.4M | |
| CME GROUP INC | CME | $117.4M | 442,922 | +0.07pp | 11q | -9.7%-$12.5M | |
| ANALOG DEVICES INC | ADI | $115.4M | 285,099 | -0.35pp | 12q | -19.3%-$27.5M | |
| EQUIFAX INC | EFX | $111.3M | 796,817 | +1.30pp | 7q | +4373.5%+$108.9M | |
| TECK RESOURCES LTD | TECK | $110.7M | 1,695,665 | +0.08pp | 6q | HELD | |
| AUTOZONE INC | AZO | $109.8M | 38,941 | -0.31pp | 11q | -5.2%-$6.0M | |
| M & T BK CORP | MTB | $108.6M | 499,644 | -0.17pp | 11q | HELD | |
| AMAZON COM INC | AMZN | $92.8M | 373,810 | +0.32pp | 4q | +38.9%+$26.0M | |
| TJX COS INC NEW | TJX | $92.7M | 693,717 | -0.13pp | 9q | +4.9%+$4.4M | |
| SHERWIN WILLIAMS CO | SHW | $91.9M | 286,457 | -0.15pp | 11q | -2.9%-$2.7M | |
| MSCI INC | MSCI | $91.4M | 167,631 | -0.15pp | 11q | -6.6%-$6.5M | |
| TEXAS INSTRS INC | TXN | $90.6M | 321,950 | -0.75pp | 4q | -35.4%-$49.7M | |
| HALLIBURTON CO | HAL | $85.0M | 2,666,600 | -1.41pp | 3q | -53.9%-$99.5M | |
| SPDR SERIES TRUST PUT | XOP | $68.1M | options only | - | new | OPTIONS | |
| METTLER TOLEDO INTERNATIONAL | MTD | $67.5M | 45,544 | +0.02pp | 11q | -9.4%-$7.0M | |
| UBER TECHNOLOGIES INC | UBER | $52.0M | 766,455 | - | new | NEW | |
| CARRIER GLOBAL CORPORATION | CARR | $51.9M | 939,200 | -0.28pp | 11q | -5.9%-$3.3M | |
| FISERV INC CALL | FISV | $47.8M | 997,287 | -0.04pp | 13q | -0.6%-$291.2K | |
| LINDE PLC | LIN | $40.9M | 87,022 | +0.34pp | 11q | +265.1%+$29.7M | |
| WEATHERFORD INTL PLC | WFRD | $40.6M | 516,866 | -0.20pp | 3q | -24.2%-$13.0M | |
| NORTHROP GRUMMAN CORP | NOC | $26.1M | 54,111 | -0.03pp | 11q | HELD | |
| Ovintiv Inc. CALL | OVV | $26.0M | options only | - | new | OPTIONS | |
| CORTEVA INC | CTVA | $23.5M | 1,868,535 | -1.68pp | 3q | HELD | |
| TALEN ENERGY CORP | TLN | $22.7M | 71,000 | - | new | NEW | |
| TRANSALTA CORP | TAC | $20.2M | 1,659,100 | +0.15pp | 2q | +201.7%+$13.5M | |
| UNITEDHEALTH GROUP INC | UNH | $18.4M | 50,438 | -0.04pp | 9q | -0.8%-$146.1K | |
| S&P GLOBAL INC | SPGI | $16.7M | 42,995 | -0.04pp | 11q | -10.7%-$2.0M | |
| VERMILION ENERGY INC | VET | $15.5M | 1,336,500 | - | new | NEW | |
| KLA CORP | KLAC | $15.0M | 75,100 | -0.09pp | 3q | +2.9%+$420.7K | |
| SAP SE | $14.9M | 70,730 | +0.02pp | 3q | -15.1%-$2.6M | ||
| BOYD GROUP SERVICES INC | BGSI | $14.7M | 187,328 | -0.05pp | 4q | -1.8%-$269.3K | |
| ALCON AG | ALC | $11.5M | 181,028 | -0.01pp | 9q | +2.0%+$222.6K | |
| LOWES COS INC | LOW | $10.9M | 59,944 | -0.02pp | 12q | +5.1%+$528.9K | |
| AON PLC | AON | $10.8M | 39,149 | -0.06pp | 11q | -14.6%-$1.8M | |
| HILTON WORLDWIDE HLDGS INC | HLT | $9.1M | 28,887 | -0.02pp | 9q | -10.4%-$1.1M | |
| PUBLIC POL HLDG CO INC | PPHC | $8.9M | 846,190 | +0.01pp | 3q | -16.9%-$1.8M | |
| RALLIANT CORP | RAL | $8.7M | 122,728 | -0.01pp | 6q | HELD | |
| Diageo (DGEAF) | $8.5M | 401,230 | -0.01pp | 4q | -11.3%-$1.1M | ||
| SALESFORCE INC | CRM | $7.7M | 32,500 | +0.03pp | 3q | HELD | |
| VOLUTION GROUP PLC | $7.4M | 881,818 | flat | 4q | -2.8%-$214.0K | ||
| STATE STR SPDR S&P 500 ETF T PUT | SPY | $6.5M | options only | +0.01pp | 5q | OPTIONS | |
| VANECK ETF TRUST | GDXJ | $6.2M | 55,435 | +0.01pp | 8q | -1.9%-$122.0K | |
| PEPSICO INC | PEP | $6.0M | 47,740 | -0.02pp | 11q | -10.7%-$715.9K | |
| HDFC BANK LTD | HDB | $5.9M | 255,680 | -0.01pp | 11q | +2.8%+$160.7K | |
| VERISIGN INC | VRSN | $5.7M | 20,019 | +0.01pp | 3q | HELD | |
| GRACO INC | GGG | $5.7M | 72,971 | flat | 11q | -5.8%-$349.9K | |
| BROADCOM INC | AVGO | $5.6M | 16,300 | - | new | NEW | |
| COLGATE PALMOLIVE CO | CL | $5.5M | 64,946 | -0.02pp | 11q | -11.3%-$701.6K | |
| NETFLIX INC. PUT | NFLX | $5.2M | options only | - | new | OPTIONS | |
| ALLEGION PLC | ALLE | $4.9M | 31,847 | +0.05pp | 3q | +623.1%+$4.2M | |
| VANECK ETF TRUST | GDX | $4.6M | 53,576 | - | new | NEW | |
| CGI INC | GIB | $4.6M | 65,000 | flat | 8q | HELD | |
| DESCARTES SYS GROUP INC | DSGX | $4.1M | 50,806 | +0.01pp | 8q | +4.5%+$176.4K | |
| OR ROYALTIES INC. | OR | $4.1M | 119,692 | +0.02pp | 3q | +50.1%+$1.4M | |
| COPART INC | CPRT | $3.8M | 140,827 | -0.02pp | 8q | -28.7%-$1.5M | |
| VONTIER CORPORATION | VNT | $3.3M | 104,831 | - | new | NEW | |
| FIRSTSERVICE CORP NEW | FSV | $3.1M | 23,886 | -0.01pp | 15q | -1.0%-$31.7K | |
| MARRIOTT INTL INC NEW | MAR | $2.8M | 7,914 | flat | 9q | -1.0%-$28.0K | |
| ALAMOS GOLD INC | AGI | $2.2M | 68,298 | -0.02pp | 8q | -38.4%-$1.4M | |
| STANTEC INC | STN | $2.2M | 32,157 | flat | 15q | -7.6%-$177.0K | |
| WILLIS TOWERS WATSON PLC LTD | WTW | $2.1M | 7,226 | -0.01pp | 8q | -29.3%-$874.5K | |
| KINROSS GOLD CORP | KGC | $2.0M | 83,958 | -0.01pp | 8q | -28.0%-$785.1K | |
| SLM CORP | SLM | $2.0M | 87,882 | +0.01pp | 2q | +156.4%+$1.2M | |
| AMERICAN EXPRESS CO | AXP | $1.9M | 6,282 | flat | 13q | HELD | |
| GFL ENVIRONMENTAL INC | GFL | $1.7M | 41,543 | - | new | NEW | |
| SYNCHRONY FINANCIAL | SYF | $1.5M | 21,094 | flat | 7q | HELD | |
| MCDONALDS CORP CALL | MCD | $1.3M | options only | - | new | OPTIONS | |
| THE CIGNA GROUP | CI | $1.2M | 4,417 | -0.01pp | 8q | -24.2%-$377.6K | |
| BANK OF N T BUTTERFIELD & SO | NTB | $1.2M | 20,151 | -0.02pp | 9q | -61.1%-$1.8M | |
| TORONTO DOMINION BK ONT | TD | $1.1M | 9,181 | flat | 7q | -7.7%-$89.8K | |
| ROPER TECHNOLOGIES INC | ROP | $1.1M | 2,907 | -0.02pp | 7q | -67.3%-$2.2M | |
| BARRICK MNG CORP CALL | B | $937.5K | options only | - | new | OPTIONS | |
| SUNBELT RENTALS HOLDINGS INC | SUNB | $766.8K | 10,595 | -0.01pp | 3q | -38.3%-$476.4K | |
| ATS CORPORATION | ATS | $665.9K | 36,946 | -0.02pp | 15q | -55.5%-$830.5K | |
| POOL CORP | POOL | $534.7K | 3,328 | - | new | NEW | |
| ZOETIS INC | ZTS | $527.2K | 7,630 | flat | 7q | HELD | |
| Sun Life Financial, Inc. | SLF | $328.5K | 4,229 | flat | 3q | -7.6%-$27.2K | |
| FORTIS INC | FTS | $312.0K | 5,911 | flat | 6q | -7.7%-$25.9K | |
| BANK OF MONTREAL | BMO | $205.5K | 1,235 | flat | 3q | -7.6%-$16.8K | |
| COLLIERS INTL GROUP INC | CIGI | $136.3K | 1,490 | flat | 15q | -72.1%-$352.1K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $1.4B | 17.2% |
| Business Services | $1.0B | 12.5% |
| Semiconductors & Electronics | $874.9M | 10.5% |
| Retail & Consumer | $637.6M | 7.7% |
| Transport & Logistics | $576.5M | 6.9% |
| Mining & Metals | $440.6M | 5.3% |
| Software & IT Services | $428.3M | 5.2% |
| Instruments & Controls | $385.3M | 4.6% |
| Banks & Lending | $385.0M | 4.6% |
| Industrials | $377.8M | 4.5% |
| Biotech & Pharma | $252.8M | 3.0% |
| Capital Markets | $246.5M | 3.0% |
| Other sectors | $1.0B | 12.1% |
| Not classified | $241.4M | 2.9% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +1.0% | +2.1% | -1.1% | 98% |
| Q2 2026 | +4.4% | +14.8% | -10.4% | 98% |
| Q1 2026 | +1.0% | -4.6% | +5.6% | 95% |
| Q4 2025 | +3.1% | +2.4% | +0.7% | 99% |
| Q3 2025 | +4.8% | +7.8% | -3.0% | 99% |
| Q2 2025 | +4.9% | +10.5% | -5.5% | 100% |
| Q1 2025 | -0.8% | -4.6% | +3.8% | 112% |
| Q4 2024 | +0.4% | +2.1% | -1.8% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $8.3B | 113 | 13 | 25 | 54 | 10 | 31.7% | 21 |
| Q2 2026 | $8.1B | 110 | 5 | 39 | 56 | 7 | 33.4% | 16 |
| Q1 2026 | $7.3B | 112 | 21 | 22 | 64 | 12 | 31.5% | 22 |
| Q4 2025 | $7.4B | 103 | 12 | 29 | 51 | 14 | 33.9% | 14 |
| Q3 2025 | $7.0B | 105 | 12 | 30 | 60 | 12 | 35.0% | 15 |
| Q2 2025 | $7.0B | 105 | 16 | 37 | 44 | 12 | 34.6% | 10 |
| Q1 2025 | $6.2B | 101 | 12 | 38 | 47 | 8 | 36.1% | 22 |
| Q4 2024 | $6.1B | 97 | 19 | 43 | 29 | 10 | 38.0% | 15 |
| Q3 2024 | $4.2B | 88 | 24 | 17 | 41 | 29 | 39.9% | 24 |
| Q2 2024 | $5.4B | 93 | 3 | 0 | 2 | 12 | 37.0% | 23 |
| Q1 2024 | $6.1B | 102 | 39 | 15 | 46 | 76 | 34.6% | 38 |
| Q4 2023 | $5.1B | 139 | 73 | 17 | 43 | 15 | 33.8% | 45 |
| Q3 2023 | $3.6B | 81 | 8 | 17 | 29 | 30 | 40.6% | 34 |
| Q2 2023 | $4.8B | 103 | 11 | 36 | 42 | 109 | 34.0% | 41 |
| Q1 2023 | $7.2B | 201 | 0 | 0 | 0 | 0 | 22.3% | 27 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.