Latest Cardinal Capital Management, Inc. Stock Portfolio

Cardinal Capital Management, Inc. Performance:

2025 Q4: 37.63%YTD: 58.59%2024: 11.7%

Performance for 2025 Q4 is 37.63%, and YTD is 58.59%, and 2024 is 11.7%.

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

Cardinal Capital Management, Inc. is a hedge fund based in Canada. On 06-Jul-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2.6 Billions. In it's latest 13F Holdings report, Cardinal Capital Management, Inc. reported an equity portfolio of $4.5 Billions as of 31 Dec, 2025.

The top stock holdings of Cardinal Capital Management, Inc. are , , . The fund has invested 5.1% of it's portfolio in SAPUTO INC. and 5.1% of portfolio in MANULIFE FINANCIAL CORP.

The fund managers got completely rid off CCL INDUSTRIES INC., STANLEY BLACK & DECKER INC. (SWK) and PEPSICO INC. (PEP) stocks. They significantly reduced their stock positions in ALLIED PROPERTIES REAL ESTATE, SONY GROUP CORP. - ADR (SONY) and ENBRIDGE INC. (ENB). Cardinal Capital Management, Inc. opened new stock positions in UNILEVER PLC - ADR. The fund showed a lot of confidence in some stocks as they added substantially to MICROSOFT CORP. (MSFT), BROOKFIELD CORP. and TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD. (TSM).

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

Our best estimate is that Cardinal Capital Management, Inc. made a return of 37.63% in the last quarter. In trailing 12 months, it's portfolio return was 58.59%.

Performance
S&P 500

New Buys

Ticker	$ Bought
unilever plc - adr	34,364,900
canadian natural resources ltd.	402,510

New stocks bought by Cardinal Capital Management, Inc.

Additions

Ticker	% Inc.
microsoft corp.	5,837
brookfield corp.	42.22
taiwan semiconductor manufacturing co. ltd.	40.45
schneider electric se - adr	37.28
canadian national railway co.	31.27
nxp semiconductors nv	21.49
us bancorp	17.32
entergy corp.	15.03

Additions to existing portfolio by Cardinal Capital Management, Inc.

Reductions

Ticker	% Reduced
allied properties real estate	-98.38
sony group corp. - adr	-97.53
telus corp.	-95.6
enbridge inc.	-66.23
comcast corp. class a	-38.41
global payments inc.	-36.55
cdw corp/de	-31.42
broadcom inc.	-26.78

Cardinal Capital Management, Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
ccl industries inc.	-88,092,300
national bank of canada	-85,089,600
unilever plc - adr	-25,649,500
the north west co inc.	-6,693,600
lvmh moet hennessy louis vuitton adr	-22,238,500
exchange income corp.	-2,638,360
northland power inc.	-167,527
stanley black & decker inc.	-738,469

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

Sector Distribution

Cardinal Capital Management, Inc. has about 73.7% of it's holdings in Others sector.

Sector	%
Others	73.7
Industrials	7.7
Technology	5.2
Healthcare	4
Consumer Cyclical	2.1
Financial Services	1.8
Energy	1.6
Utilities	1.5
Communication Services	1.1

Market Cap. Distribution

Cardinal Capital Management, Inc. has about 26.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	73.7
LARGE-CAP	19.5
MEGA-CAP	6.8

Stocks belong to which Index?

About 21.5% of the stocks held by Cardinal Capital Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	78.5
S&P 500	21.5

Top 5 Winners (%)		%
AMAT	applied materials inc.	71.3 %
MRK	merck & co. inc.	69.9 %
	saputo inc.	68.1 %
CMI	cummins inc.	62.2 %
	toronto-dominion bank	61.7 %

Top 5 Winners ($)		$
	saputo inc.	96.7 M
	manulife financial corp.	87.4 M
	canadian imperial bank of commerce	79.3 M
	royal bank of canada	77.7 M
	bank of nova scotia	74.6 M

Top 5 Losers (%)		%
	brookfield corp.	-7.1 %
	allied properties real estate	-5.3 %
ORCL	oracle corp.	-4.8 %

Top 5 Losers ($)		$
	brookfield corp.	-14.8 M
ORCL	oracle corp.	-1.9 M
	allied properties real estate	-0.9 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 70 stocks in it's portfolio. About 46.3% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. was the most profitable stock for Cardinal Capital Management, Inc. last quarter.

Last Reported on: 22 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc.	0.01	997	371,803	reduced	-8.11

ABBV	abbvie inc.	1.35	191,836	60,127,000	reduced	-0.12

ADI	analog devices inc.	0.01	1,240	461,300	added	2.06

AMAT	applied materials inc.	1.61	202,845	71,507,700	reduced	-2.33

AMGN	amgen inc.	0.01	850	381,637	unchanged	0.00

APD	air products & chemicals inc.	0.95	124,278	42,111,300	added	3.36

AVGO	broadcom inc.	0.75	70,413	33,429,300	reduced	-26.78

BAC	bank of america corp.	0.01	7,370	556,036	reduced	-2.64

BDX	becton dickinson and co.	0.74	123,084	32,766,700	reduced	-14.48

BKNG	booking holdings inc.	1.17	7,107	52,209,000	added	1.94

CARR	carrier global corp.	0.67	410,196	29,732,200	added	11.3

CDW	cdw corp/de	0.21	50,050	9,350,900	reduced	-31.42

CMCSA	comcast corp. class a	0.00	4,970	203,777	reduced	-38.41

CMI	cummins inc.	1.51	95,871	67,129,400	reduced	-10.83

COP	conocophillips	0.29	101,793	13,071,100	reduced	-22.56

CP	canadian pacific kansas city ltd.	3.52	1,549,560	156,583,000	added	3.71

ENB	enbridge inc.	1.30	884,856	58,117,300	reduced	-66.23

EQIX	equinix inc.	0.38	16,275	17,104,600	added	0.35

ETR	entergy corp.	0.42	148,190	18,789,000	added	15.03

GPN	global payments inc.	0.15	63,631	6,755,880	reduced	-36.55