Institution

Canoe Financial LP

13F for June 30, 2026, filed July 16, 2026 · SEC CIK 1908219

Reported value: $8.1bn
Positions we cover: 96
Copy, a year: +18.0%
Copy Sharpe ratio: 1.06

How copying its 13F would have done

CopyS&P 500 $10,000 copying Canoe Financial LP's filed holdings in companies we cover from April 28, 2023, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −10.6% (S&P 500 −16.9%); beta 0.67; alpha +2.8% a year (t = 0.72); last 12 months +17.8% against +12.1%.

Reported value by quarter

Canoe Financial LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2023-03-31	$7.2B
2023-06-30	$4.8B
2023-09-30	$3.6B
2023-12-31	$5.1B
2024-03-31	$6.1B
2024-06-30	$5.4B
2024-09-30	$4.2B
2024-12-31	$6.1B
2025-03-31	$6.2B
2025-06-30	$7B
2025-09-30	$7B
2025-12-31	$7.4B
2026-03-31	$7.3B
2026-06-30	$8.1B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
SLBSchlumberger	4.45%	$358.9m	7.73M	+82.3% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	4.26%	$344.1m	720.6K	−16.7% Reduced
GOOGLAlphabet Inc. (Class A)	3.19%	$257.7m	721.1K	−15.8% Reduced
QSRRestaurant Brands International Inc.	3.01%	$243.1m	3.35M	+0.2%
VVisa Inc.	2.82%	$227.6m	663.3K	−2.7% Reduced
CVSCVS Health	2.81%	$227.0m	2.19M	+1.1% Added
OTISOtis Worldwide	2.70%	$218.0m	3.04M	+24.2% Added
EQTEQT Corporation	2.67%	$215.4m	4.02M	+34.5% Added
HALHalliburton	2.43%	$196.6m	5.79M	+42.4% Added
CPCanadian Pacific Kansas City LTD	2.39%	$192.9m	2.23M	+9.6% Added
PMPhilip Morris International	2.28%	$183.8m	1.02M	+2.8% Added
JNJJohnson & Johnson	2.25%	$181.9m	716.2K	+0.2%
MSFTMicrosoft Corporation	2.15%	$173.8m	465.9K	−9.2% Reduced
ROSTRoss Stores	2.11%	$170.4m	800.5K	+0.8% Added
MCOMoody's Corporation	2.09%	$169.0m	373.1K	−4.8% Reduced
RBARB Global Inc.	2.02%	$162.9m	1.40M	+2.5% Added
CTVACorteva, Inc.	1.96%	$158.1m	1.87M	+45.3% Added
TMOThermo Fisher Scientific	1.93%	$155.4m	310.0K	+92.5% Added
DEDeere & Company	1.89%	$152.2m	239.9K	+34.3% Added
MAMastercard	1.88%	$151.5m	295.0K	−2.6% Reduced
TXNTexas Instruments	1.84%	$148.7m	498.8K	+0.8% Added
RYRoyal Bank Of Canada	1.79%	$144.6m	698.8K	+0.8% Added
ELVElevance Health	1.74%	$140.6m	363.5K	−1.0% Reduced
ADIAnalog Devices	1.74%	$140.3m	353.2K	+1.1% Added
NTRNutrien Ltd.	1.66%	$134.2m	2.13M	+61.6% Added
LMTLockheed Martin	1.65%	$133.0m	261.0K	+1.1% Added
AZOAutoZone	1.63%	$131.3m	41.1K	−7.6% Reduced
WFCWells Fargo	1.60%	$129.6m	1.57M	+14.4% Added
RRCRange Resources Corp	1.53%	$123.3m	3.31M	+44.7% Added
MTBM&T Bank	1.48%	$119.1m	500.5K	+1.5% Added
EFXTEnerflex Ltd.	1.43%	$115.4m	4.70M	+1.6% Added
CMECME Group	1.34%	$108.3m	490.2K	−1.2% Reduced
DHRDanaher Corporation	1.32%	$106.3m	558.2K	New
EMREmerson Electric	1.29%	$104.0m	726.5K	+196.0% Added
SHWSherwin-Williams	1.26%	$101.5m	294.9K	−7.7% Reduced
ICEIntercontinental Exchange	1.25%	$100.7m	817.7K	+77.2% Added
MSCIMSCI	1.25%	$100.6m	179.6K	−2.8% Reduced
TJXTJX Companies	1.24%	$100.2m	661.1K	−8.0% Reduced
CVECenovus Energy Inc.	1.22%	$98.1m	3.96M	−6.0% Reduced
CNQCanadian Natural Resources Ltd	1.19%	$96.4m	2.44M	−29.0% Reduced
CARRCarrier Global	0.91%	$73.2m	998.1K	−7.6% Reduced
WPMWheaton Precious Metals Corp.	0.83%	$67.3m	598.9K	+31.4% Added
AEMAgnico Eagle Mines LTD	0.82%	$66.4m	427.9K	+19.9% Added
MTDMettler Toledo	0.80%	$64.3m	50.3K	−3.0% Reduced
AMZNAmazon	0.80%	$64.2m	269.2K	+196.5% Added
WFRDWeatherford International plc	0.69%	$55.6m	682.1K	+28.9% Added
FISVFiserv	0.61%	$49.3m	1.00M	+111.0% Added
RIGTransocean Ltd.	0.53%	$42.5m	8.68M	+143.1% Added
NOCNorthrop Grumman	0.34%	$27.5m	53.9K	+1.1% Added
HPHelmerich & Payne, Inc.	0.33%	$26.9m	821.2K	−10.7% Reduced
EXEExpand Energy	0.31%	$25.2m	254.9K	−76.7% Reduced
KLACKLA Corporation	0.27%	$22.0m	73.0K	+1515.0% Added
UNHUnitedHealth Group	0.26%	$21.1m	50.8K	+11.9% Added
SPGIS&P Global	0.24%	$19.6m	48.1K	−8.4% Reduced
BGSIBoyd Group Services Inc.	0.22%	$18.0m	190.8K	−23.7% Reduced
AONAon plc	0.19%	$15.2m	45.8K	−17.0% Reduced
TDWTidewater Inc	0.17%	$14.0m	210.5K	−23.4% Reduced
LOWLowe's	0.16%	$12.6m	57.0K	+28.8% Added
LINLinde plc	0.15%	$12.4m	23.8K	−8.4% Reduced
ALCAlcon Inc	0.15%	$12.0m	177.5K	−23.6% Reduced
HLTHilton Worldwide	0.13%	$10.7m	32.2K	−13.6% Reduced
RALRalliant Corp	0.11%	$9.0m	122.7K	+3.5% Added
TACTransalta Corp	0.09%	$7.6m	550.0K	New
PPHCPublic Policy Holding Company, Inc.	0.09%	$7.5m	1.02M	−0.1%
PEPPepsiCo	0.09%	$7.2m	53.4K	−18.3% Reduced
CLColgate-Palmolive	0.08%	$6.7m	73.2K	−7.6% Reduced
HDBHdfc Bank LTD	0.08%	$6.4m	248.7K	−27.5% Reduced
GGGGraco Inc	0.07%	$5.9m	77.5K	−82.5% Reduced
CPRTCopart	0.07%	$5.6m	197.4K	−18.0% Reduced
CRMSalesforce	0.06%	$5.1m	32.5K	0.0%
VRSNVerisign Inc	0.06%	$5.0m	20.0K	+3.6% Added
ABTAbbott Laboratories	0.04%	$3.6m	40.0K	0.0%
FSVFirstservice Corp	0.04%	$3.4m	24.1K	−3.3% Reduced
DSGXDescartes Systems Group Inc	0.04%	$3.4m	48.6K	−25.1% Reduced
AGIAlamos Gold Inc	0.04%	$3.4m	110.8K	−4.3% Reduced
EFXEquifax	0.04%	$3.3m	17.8K	0.0%
NTBBank Of N.t. Butterfield & Son Ltd	0.04%	$3.1m	51.9K	−12.1% Reduced
ROPRoper Technologies	0.04%	$3.0m	8.9K	−8.5% Reduced
MARMarriott International	0.04%	$3.0m	8.0K	−92.1% Reduced
WTWWillis Towers Watson	0.03%	$2.7m	10.2K	−27.6% Reduced
OROR Royalties Inc.	0.03%	$2.5m	79.7K	+51.7% Added
STNStantec Inc	0.03%	$2.4m	34.8K	−44.9% Reduced
ATSATS Corp	0.03%	$2.4m	83.0K	−5.0% Reduced
AXPAmerican Express	0.03%	$2.1m	6.3K	−61.9% Reduced
WCNWaste Connections, Inc.	0.03%	$2.0m	12.0K	0.0%
CICigna	0.02%	$1.6m	5.8K	−9.7% Reduced
SYFSynchrony Financial	0.02%	$1.6m	21.1K	0.0%
SUNBSunbelt Rentals Holdings, Inc.	0.02%	$1.3m	17.2K	−98.5% Reduced
TDToronto Dominion Bank	0.01%	$1.2m	9.9K	−7.5% Reduced
SLMSLM Corp	0.01%	$888,964	34.3K	New
ALLEAllegion	0.01%	$618,718	4.4K	+22.4% Added
ZTSZoetis	0.01%	$548,292	7.6K	−32.9% Reduced
CIGIColliers International Group Inc.	0.01%	$500,618	5.3K	−60.5% Reduced
FTSFortis Inc.	0.01%	$366,402	6.4K	−7.5% Reduced
SLFSUN Life Financial Inc	0.00%	$359,154	4.6K	−7.4% Reduced
BMOBank Of Montreal	0.00%	$235,900	1.3K	−7.4% Reduced

Company	Bought (value)	Shares
SLBSchlumberger	$162.0m	3.49M
DHRDanaher Corporation	$106.3m	558.2K
TMOThermo Fisher Scientific	$74.7m	149.0K
EMREmerson Electric	$68.9m	481.0K
HALHalliburton	$58.5m	1.72M
EQTEQT Corporation	$55.2m	1.03M
NTRNutrien Ltd.	$51.1m	812.5K
CTVACorteva, Inc.	$49.3m	582.0K
ICEIntercontinental Exchange	$43.9m	356.2K
OTISOtis Worldwide	$42.5m	594.1K
AMZNAmazon	$42.5m	178.4K
DEDeere & Company	$38.9m	61.3K
RRCRange Resources Corp	$38.1m	1.02M
FISVFiserv	$25.9m	527.9K
RIGTransocean Ltd.	$25.0m	5.11M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
EXEExpand Energy	−$82.8m	−838.5K
SUNBSunbelt Rentals Holdings, Inc.	−$81.0m	−1.11M
TSMTaiwan Semiconductor Manufacturing Co LTD	−$68.9m	−144.2K
MDTMedtronic	−$64.4m	−743.2K
GOOGLAlphabet Inc. (Class A)	−$48.5m	−135.8K
CNQCanadian Natural Resources Ltd	−$39.4m	−996.2K
MARMarriott International	−$34.8m	−93.6K
GGGGraco Inc	−$27.5m	−364.3K
MSFTMicrosoft Corporation	−$17.7m	−47.4K
AZOAutoZone	−$10.8m	−3.4K
TJXTJX Companies	−$8.7m	−57.4K
MCOMoody's Corporation	−$8.5m	−18.8K
SHWSherwin-Williams	−$8.4m	−24.5K
BAMBrookfield Asset Management Ltd.	−$7.2m	−162.0K
VVisa Inc.	−$6.4m	−18.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
MDTMedtronic	$64.4m	743.2K
BAMBrookfield Asset Management Ltd.	$7.2m	162.0K
NKENike, Inc.	$4.9m	91.9K
FDSFactset Research Systems Inc	$4.3m	19.9K
ADBEAdobe Inc.	$1.9m	8.0K
COFCapital One	$679,917	3.7K

Energy18.6%
Financials18.4%
Industrials14.9%
Health Care12.4%
Technology11.6%
Consumer Discretionary10.2%
Materials7.4%
Communication Services3.5%
Consumer Staples2.7%
Real Estate0.1%
Utilities0.1%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestApril 28, 2023 to November 2, 2026	+18.0%	+20.0%	1.06	1.05	−10.6%	0.67
Last three yearsNovember 3, 2023 to November 2, 2026	+21.2%	+21.8%	1.34	1.16	−9.7%	0.63
Last yearNovember 7, 2025 to November 2, 2026	+18.1%	+14.2%	1.36	0.84	−7.1%	0.45

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.