Latest Cardinal Capital Management, Inc. Stock Portfolio

Cardinal Capital Management, Inc. Performance:

2026 Q1: -23.63%YTD: -23.63%2025: 58.68%

Performance for 2026 Q1 is -23.63%, and YTD is -23.63%, and 2025 is 58.68%.

About Cardinal Capital Management, Inc. and 13F Hedge Fund Stock Holdings

Cardinal Capital Management, Inc. is a hedge fund based in Canada. On 2026-04-07, the fund reported it's updated stock portfolio. In the 13F Holdings report, Cardinal Capital Management, Inc. reported an equity portfolio of $3.7 Billions as of 31 Mar, 2026.

The top stock holdings of Cardinal Capital Management, Inc. are SU, , MFC. The fund has invested 6.2% of it's portfolio in SUNCOR ENERGY INC. and 4.7% of portfolio in SAPUTO INC.

The fund managers got completely rid off ORACLE CORP. (ORCL), GLOBAL PAYMENTS INC. (GPN) and SONY GROUP CORP. - ADR (SONY) stocks. They significantly reduced their stock positions in ENBRIDGE INC. (ENB), CANADIAN NATURAL RESOURCES LTD. (CNQ) and MERCK & CO. INC. (MRK). Cardinal Capital Management, Inc. opened new stock positions in CCL INDUSTRIES INC. and ARUTHUR J GALLAGHER & CO. (AJG). The fund showed a lot of confidence in some stocks as they added substantially to SUN LIFE FINANCIAL INC. (SLF), ENTERGY CORP. (ETR) and CDW CORP/DE (CDW).

Cardinal Capital Management, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Cardinal Capital Management, Inc. made a return of -23.63% in the last quarter. In trailing 12 months, it's portfolio return was 22.45%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ccl industries inc.	118,809,000
national bank of canada	97,899,300
aruthur j gallagher & co.	9,349,110

New stocks bought by Cardinal Capital Management, Inc.

Additions

Ticker	% Inc.
sun life financial inc.	107
entergy corp.	101
cdw corp/de	40.55
microsoft corp.	38.82
becton dickinson and co.	35.99
conocophillips	35.44
abbvie inc.	31.63
carrier global corp.	31.01

Additions to existing portfolio by Cardinal Capital Management, Inc.

Reductions

Ticker	% Reduced
enbridge inc.	-51.05
canadian natural resources ltd.	-44.96
merck & co. inc.	-31.87
bank of america corp.	-27.61
canadian imperial bank of commerce	-10.35
toronto-dominion bank	-10.2
nutrien ltd.	-9.96
applied materials inc.	-7.48

Cardinal Capital Management, Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
oracle corp.	-35,824,400
global payments inc.	-6,755,880
allied properties real estate	-244,604
telus corp.	-279,219
sony group corp. - adr	-533,070
comcast corp. class a	-203,777
jpmorgan chase & co.	-329,292

Cardinal Capital Management, Inc. got rid off the above stocks

Sector Distribution

Cardinal Capital Management, Inc. has about 75.6% of it's holdings in Others sector.

Sector	%
Others	75.6
Industrials	7.5
Technology	4.2
Healthcare	3.6
Utilities	2
Consumer Cyclical	1.8
Financial Services	1.7
Energy	1.1
Communication Services	1.1

Market Cap. Distribution

Cardinal Capital Management, Inc. has about 24.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	75.6
LARGE-CAP	16.2
MEGA-CAP	8.2

Stocks belong to which Index?

About 20.2% of the stocks held by Cardinal Capital Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	79.8
S&P 500	20.2

Top 5 Winners (%)		%
SU	suncor energy inc.	8.2 %
CNQ	canadian natural resources ltd.	3.6 %
COP	conocophillips	2.4 %

Top 5 Winners ($)		$
SU	suncor energy inc.	17.6 M
COP	conocophillips	0.4 M
CNQ	canadian natural resources ltd.	0.0 M

Top 5 Losers (%)		%
SAP	sap se - adr	-47.7 %
BKNG	booking holdings inc.	-41.2 %
MSFT	microsoft corp.	-40.5 %
	dollarama inc.	-40.4 %
	element fleet management corp.	-38.7 %

Top 5 Losers ($)		$
GIL	gildan activewear inc.	-77.7 M
MFC	manulife financial corp.	-71.7 M
	brookfield corp.	-70.6 M
RY	royal bank of canada	-64.6 M
BNS	bank of nova scotia	-64.5 M

Cardinal Capital Management, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Cardinal Capital Management, Inc.

Cardinal Capital Management, Inc. has 66 stocks in it's portfolio. About 43% of the portfolio is in top 10 stocks. GIL proved to be the most loss making stock for the portfolio. SU was the most profitable stock for Cardinal Capital Management, Inc. last quarter.

Last Reported on: 07 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc.	0.01	997	253,029	unchanged	0.00

ABBV	abbvie inc.	1.48	252,513	54,919,100	added	31.63

ADI	analog devices inc.	0.01	1,265	402,447	added	2.02

AEM	agnico-eagle mines ltd.	0.01	1,455	294,410	reduced	-7.03

AJG	aruthur j gallagher & co.	0.25	43,167	9,349,110	new

AMAT	applied materials inc.	1.73	187,682	64,147,800	reduced	-7.48

AMGN	amgen inc.	0.01	850	299,073	unchanged	0.00

APD	air products & chemicals inc.	1.01	128,753	37,401,500	added	3.6

AVGO	broadcom inc.	0.62	74,593	23,087,300	added	5.94

BAC	bank of america corp.	0.01	5,335	260,081	reduced	-27.61

BDX	becton dickinson and co.	0.71	167,382	26,317,500	added	35.99

BKNG	booking holdings inc.	0.91	8,044	33,867,800	added	13.18

BMO	bank of montreal	3.65	1,004,530	135,631,000	added	1.62

BNS	bank of nova scotia	3.77	2,022,860	139,841,000	added	1.26

CARR	carrier global corp.	0.81	537,401	30,261,000	added	31.01

CDW	cdw corp/de	0.23	70,347	8,513,390	added	40.55

CM	canadian imperial bank of commerce	3.96	1,557,040	147,101,000	reduced	-10.35

CMCSA	comcast corp. class a	0.00	0.00	0.00	sold off	-100

CMI	cummins inc.	1.39	96,047	51,675,200	added	0.18

CNI	canadian national railway co.	3.28	1,185,460	121,631,000	added	21.67