Latest Canoe Financial LP Stock Portfolio

Canoe Financial LP Performance:

2025 Q4: 2.87%YTD: 18.67%2024: 0.79%

Performance for 2025 Q4 is 2.87%, and YTD is 18.67%, and 2024 is 0.79%.

About Canoe Financial LP and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Canoe Financial LP reported an equity portfolio of $7.4 Billions as of 31 Dec, 2025.

The top stock holdings of Canoe Financial LP are TSM, GOOG, . The fund has invested 5% of it's portfolio in TAIWAN SEMICONDUCTOR MANUFACTU and 4.3% of portfolio in ALPHABET INC.

The fund managers got completely rid off SYSCO CORP (SYY), SALESFORCE INC (CRM) and BAYTEX ENERGY CORP stocks. They significantly reduced their stock positions in THERMO FISHER SCIENTIFIC INC (TMO), ORACLE CORP (ORCL) and UNITEDHEALTH GROUP INC (UNH). Canoe Financial LP opened new stock positions in INTERCONTINENTAL HOTELS GROUP, LOCKHEED MARTIN CORP (LMT) and TEXAS INSTRUMENTS INC (TXN). The fund showed a lot of confidence in some stocks as they added substantially to JOHNSON & JOHNSON (JNJ), CARRIER GLOBAL CORP (CARR) and UNION PACIFIC CORP (UNP).

Canoe Financial LP Annual Return Estimates Vs S&P 500

Our best estimate is that Canoe Financial LP made a return of 2.87% in the last quarter. In trailing 12 months, it's portfolio return was 18.67%.

Performance
S&P 500

New Buys

Ticker	$ Bought
intercontinental hotels group	177,243,000
lockheed martin corp	166,403,000
cenovus energy inc	102,662,000
diageo plc	61,124,400
texas instruments inc	58,930,000
schlumberger ltd	45,031,500
boyd group services inc	43,184,900
unilever plc	21,992,600

New stocks bought by Canoe Financial LP

Additions

Ticker	% Inc.
johnson & johnson	613
carrier global corp	607
union pacific corp	109
equifax inc	57.86
m&t bank corp	50.51
intercontinental exchange inc	43.35
cigna corp	38.97
roper technologies inc	37.49

Additions to existing portfolio by Canoe Financial LP

Reductions

Ticker	% Reduced
thermo fisher scientific inc	-91.87
oracle corp	-88.8
unitedhealth group inc	-85.29
expand energy corp	-62.54
adobe inc	-60.53
royal gold inc	-49.27
philip morris international	-38.83
agnico eagle mines limited	-36.98

Canoe Financial LP reduced stake in above stock

Sold off

Ticker	$ Sold
baytex energy corp	-19,483,500
sysco corp	-117,514,000
salesforce inc	-57,989,900
suncor energy inc	-7,060,970
ishares msci eafe etf	-4,158,790
diageo plc	-4,294,350
energy select sector spdr	-570,000
airbnb inc	-590,830

Canoe Financial LP got rid off the above stocks

Sector Distribution

Canoe Financial LP has about 31.3% of it's holdings in Others sector.

Sector	%
Others	31.3
Financial Services	23.5
Industrials	9.8
Consumer Cyclical	9.3
Technology	8.8
Healthcare	6.5
Communication Services	4.4
Energy	3.1
Basic Materials	1.7
Consumer Defensive	1.6

Market Cap. Distribution

Canoe Financial LP has about 67.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	53.4
UNALLOCATED	31.3
MEGA-CAP	14.4

Stocks belong to which Index?

About 63.2% of the stocks held by Canoe Financial LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	63.2
Others	36.8

Top 5 Winners (%)		%
SPY	spdr s&p 500 etf trust	67.5 %
	enerflex ltd	43.0 %
	ero copper corp	34.1 %
GOOG	alphabet inc	26.9 %
JKHY	jack henry & associates inc	21.6 %

Top 5 Winners ($)		$
GOOG	alphabet inc	76.9 M
TSM	taiwan semiconductor manufactu	31.3 M
	enerflex ltd	28.5 M
WFC	wells fargo & co	26.2 M
ROST	ross stores inc	22.0 M

Top 5 Losers (%)		%
	fiserv inc	-46.0 %
AZO	autozone inc	-20.5 %
	firstservice corp	-17.8 %
ORCL	oracle corp	-17.1 %
ZTS	zoetis inc	-13.3 %

Top 5 Losers ($)		$
AZO	autozone inc	-45.4 M
	fiserv inc	-28.1 M
ORCL	oracle corp	-24.7 M
MSFT	microsoft corp	-18.3 M
ROP	roper technologies inc	-15.2 M

Canoe Financial LP Holdings Map

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

Current Stock Holdings of Canoe Financial LP

Canoe Financial LP has 103 stocks in it's portfolio. About 33.9% of the portfolio is in top 10 stocks. AZO proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Canoe Financial LP last quarter.

Last Reported on: 14 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABNB	airbnb inc	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc	0.04	8,000	2,799,920	reduced	-60.53

ADI	analog devices inc	2.35	639,062	173,314,000	reduced	-0.82

AFK	vaneck junior gold miners	0.08	54,201	6,166,990	reduced	-13.38

AGNG	global x uranium etf	0.00	0.00	0.00	sold off	-100

AMZN	amazon.com inc	0.16	52,700	12,164,200	new

AON	aon plc	0.37	77,749	27,436,100	reduced	-1.87

AXP	american express co	1.61	319,744	118,289,000	reduced	-35.14

AZO	autozone inc	2.28	49,391	167,510,000	reduced	-4.55

BIL	spdr s&p oil & gas exp & pr	0.00	0.00	0.00	sold off	-100

CARR	carrier global corp	0.86	1,195,050	63,146,400	added	607

CB	chubb ltd	0.61	143,043	44,646,600	added	0.42

CHK	expand energy corp	0.12	82,004	8,823,420	reduced	-62.54

CI	cigna corp	0.03	7,550	2,077,990	added	38.97

CL	colgate-palmolive co	0.10	96,046	7,589,560	reduced	-3.61

CME	cme group inc	2.00	540,122	147,497,000	reduced	-2.9

COF	capital one financial corp	0.89	270,753	65,619,700	reduced	-28.54

CP	canadian pacific kansas city ltd	0.00	4,468	328,957	reduced	-2.89

CPRT	copart inc	0.16	291,627	11,417,200	added	4.4

CRM	salesforce inc	0.00	0.00	0.00	sold off	-100