Latest Canoe Financial LP Stock Portfolio

Canoe Financial LP Performance:

2025 Q2: 2.48%YTD: 3.96%2024: 10.26%

Performance for 2025 Q2 is 2.48%, and YTD is 3.96%, and 2024 is 10.26%.

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 Billions as of 30 Jun, 2025.

The top stock holdings of Canoe Financial LP are TSM, MSFT, . The fund has invested 4.9% of it's portfolio in TAIWAN SEMICONDUCTOR MANUFACTU and 4.1% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off DISCOVER FINANCIAL SERVICES (DFS), DOLLAR TREE INC (DLTR) and COTERRA ENERGY INC (CTRA) stocks. They significantly reduced their stock positions in ATS CORP, ADOBE INC (ADBE) and EXPAND ENERGY CORP (CHK). Canoe Financial LP opened new stock positions in INTERCONTINENTAL HOTELS GROUP, CAPITAL ONE FINANCIAL CORP (COF) and SALESFORCE INC (CRM). The fund showed a lot of confidence in some stocks as they added substantially to M&T BANK CORP (MTB), ZOETIS INC (ZTS) and ROPER TECHNOLOGIES INC (ROP).

Canoe Financial LP Annual Return Estimates Vs S&P 500

Our best estimate is that Canoe Financial LP made a return of 2.48% in the last quarter. In trailing 12 months, it's portfolio return was 8.77%.

New Buys

Ticker	$ Bought
intercontinental hotels group	153,862,000
capital one financial corp	128,983,000
teck resources ltd	97,536,400
diageo plc	79,108,100
salesforce inc	57,336,600
asml holding nv	57,277,000
sap se	55,875,200
novo nordisk a/s dkk0.1 b	42,331,100

New stocks bought by Canoe Financial LP

Additions

Ticker	% Inc.
m&t bank corp	24,443
zoetis inc	859
roper technologies inc	781
synchrony financial	643
rogers communications inc	550
equifax inc	435
airbnb inc	359
oracle corp	314

Additions to existing portfolio by Canoe Financial LP

Reductions

Ticker	% Reduced
ats corp	-86.77
adobe inc	-86.2
expand energy corp	-57.44
wheaton precious metals corp	-44.7
philip morris international in	-43.11
tfi international inc	-42.75
agnico eagle mines limited	-33.5
franco-nevada corp	-31.58

Canoe Financial LP reduced stake in above stock

Sold off

Ticker	$ Sold
coterra energy inc	-24,195,100
discover financial services	-101,462,000
dollar tree inc	-35,674,800
liberty energy inc	-6,033,430
fortis inc	-3,156,720
cenovus energy inc	-1,668,000
verisign inc	-23,422,300
diageo plc	-4,715,550

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	23.8
Technology	9.7
Consumer Cyclical	9.6
Healthcare	7.4
Industrials	6.2
Consumer Defensive	3.6
Communication Services	3.3
Energy	3.1
Basic Materials	2

Market Cap. Distribution

Canoe Financial LP has about 66.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	49.9
UNALLOCATED	31.3
MEGA-CAP	16.9
MID-CAP	1.9

Stocks belong to which Index?

About 61.7% of the stocks held by Canoe Financial LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	61.7
Others	38.1

Top 5 Winners (%)		%
ORCL	oracle corp	43.7 %
MSFT	microsoft corp	32.0 %
EMR	emerson electric co	21.5 %
SYF	synchrony financial	18.7 %
AXP	american express co	17.3 %

Top 5 Winners ($)		$
MSFT	microsoft corp	72.8 M
ORCL	oracle corp	32.2 M
AXP	american express co	31.6 M
GOOG	alphabet inc	29.8 M
ADI	analog devices inc	28.3 M

Top 5 Losers (%)		%
UNH	unitedhealth group inc	-40.4 %
FTV	fortive corp	-28.3 %
TMO	thermo fisher scientific inc	-16.9 %
CPRT	copart inc	-12.8 %
PEP	pepsico inc	-11.9 %

Top 5 Losers ($)		$
UNH	unitedhealth group inc	-118.9 M
ELV	elevance health inc	-15.0 M
WTW	willis towers watson plc	-7.2 M
FTV	fortive corp	-6.9 M
OTIS	otis worldwide corp	-6.4 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 105 stocks in it's portfolio. About 34.6% of the portfolio is in top 10 stocks. UNH proved to be the most loss making stock for the portfolio. MSFT was the most profitable stock for Canoe Financial LP last quarter.

Last Reported on: 10 Jul, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	TSM	taiwan semiconductor manufactu	4.88	1,511,570	342,356,000	reduced	-7.31
Historical Trend of TAIWAN SEMICONDUCTOR MANUFACTU Position Held By Canoe Financial LP What % of Portfolio is TSM?: Number of TSM shares held: Change in No. of Shares Held:
	MSFT	microsoft corp	4.12	580,906	288,948,000	reduced	-4.21

		canadian national railway co	3.88	2,612,260	272,313,000	added	7.43

	WFC	wells fargo & co	3.87	3,394,260	271,948,000	added	21.69

	GOOG	alphabet inc	3.34	1,328,810	234,177,000	reduced	-7.21

	AXP	american express co	3.06	672,281	214,444,000	added	22.38

	MCO	moody's corp	3.04	425,642	213,498,000	reduced	-5.21

	AZO	autozone inc	2.96	55,911	207,554,000	reduced	-7.77

	ADI	analog devices inc	2.77	815,582	194,125,000	added	24.23

		canadian natural resources	2.74	6,131,600	192,291,000	added	29.4

	MA	mastercard inc	2.54	316,631	177,928,000	reduced	-4.7

	QSR	restaurant brands intl inc	2.40	2,539,980	168,612,000	added	10.08

	CME	cme group inc	2.26	576,062	158,774,000	reduced	-4.06

		intercontinental hotels group	2.19	1,349,300	153,862,000	new

	OTIS	otis worldwide corp	2.08	1,471,090	145,668,000	reduced	-2.15

	V	visa inc	1.97	388,408	137,904,000	added	1.32

		royal bank of canada	1.95	1,039,270	137,072,000	reduced	-1.55

	RBA	rb global inc	1.87	1,234,890	131,291,000	reduced	-0.58

	COF	capital one financial corp	1.84	606,238	128,983,000	new

	UNH	unitedhealth group inc	1.83	412,019	128,538,000	reduced	-26.79