Cardinal Capital Management, Inc.

Registered adviser

CIK

1518235

Location

WINNIPEG, A2

Portfolio Value

Mid $3,524,197,333

Diversification

Diversified

Filing Date

Global Rank

#1,172 / 8,807 ▼ 82 · as of Jun 2026

Top Industry

Banks - Diversified 19.9%

Period ended 20 days ago

Filed Oct 16, 2026 · 4d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 124729

Roster of Oct 1, 2026

Regulatory AUM

$4,019,229,264

Main clients

Individuals and high net worth (62% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Jan 2026 to Oct 2026	$4,019,229,264	Individuals and high net worth (62%)
Jan 2025 to Dec 2025	$3,593,207,210	Individuals and high net worth (58%)
Jan 2024 to Dec 2024	$2,813,214,711	Individuals and high net worth (57%)
May 2023 to Dec 2023	$2,558,073,122	Individuals and high net worth (58%)
Jan 2023 to Apr 2023	$2,558,073,122	Individuals and high net worth (58%)
Jan 2022 to Dec 2022	$2,836,149,020	Individuals and high net worth (55%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 54.6%, 25.4 effective positions, active share 91.7% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

15.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.2 quarters (12+), a floor since 52.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 91.7%; sector active share 48.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

57 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

12.2%

+6.2 pts

Top 5

36.2%

+7.4 pts

Top 10

57.6%

+3.0 pts

HHI

475

Diversified+81

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	33.1%	$1,167,308,820	15
Energy	26.5%	$932,955,285	6
Industrials	15.6%	$550,948,815	7
Technology	8.4%	$296,174,761	10
Consumer Cyclical	5.9%	$209,215,733	3
Healthcare	4.4%	$155,218,478	5
Utilities	2.3%	$80,651,110	4
Basic Materials	2.0%	$70,675,363	4
Real Estate	1.0%	$33,690,468	2
Consumer Defensive	0.8%	$27,358,500	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PBA	Pembina Pipeline Corp	+3,721,819	7,356,398	$327,948,221
SU	Suncor Energy Inc	+3,181,648	6,331,336	$429,707,774
GIL	Gildan Activewear Inc.	+282,627	3,309,542	$141,085,775
CARR	CARRIER GLOBAL Corp	+111,662	686,997	$37,688,655
NXPI	NXP Semiconductors N.V.	+82,719	242,298	$57,553,043
BN	BROOKFIELD Corp /ON/	+74,218	3,321,845	$121,114,468
CP	Canadian Pacific Kansas City Ltd/Cn	+30,613	1,732,658	$147,449,195
ETR	Entergy Corp /De/	+24,187	347,670	$34,509,724
NEE	Nextera Energy Inc	+21,571	460,576	$34,884,026
AVGO	Broadcom Inc.	+21,067	109,353	$38,403,680
TEL	TE Connectivity plc	+20,113	176,320	$37,217,625
MDT	Medtronic plc	+11,325	340,500	$29,381,745
UL	Unilever PLC	+8,676	450,494	$27,358,500
SLF	Sun Life Financial Inc	+7,497	1,176,271	$91,713,849
AJG	Arthur J. Gallagher & Co.	+7,334	51,044	$11,643,646
COP	Conocophillips	+4,678	143,522	$17,961,778
NTR	Nutrien Ltd.	+4,525	453,977	$31,891,884
WFC	Wells Fargo & Company/Mn	+3,533	471,833	$37,770,231
CNQ	CANADIAN NATURAL RESOURCES Ltd	+2,881	11,566	$544,411
BAM	Brookfield Asset Management Ltd.	+2,480	87,292	$3,891,477
V	Visa Inc.	+1,989	120,294	$43,225,243
HD	Home Depot, Inc.	+1,129	121,238	$34,490,998
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+1,076	108,640	$49,560,481
MSFT	Microsoft Corp	+612	80,427	$41,251,008
BKNG	Booking Holdings Inc.	+464	206,488	$33,638,960
No positions match the current search.

Trimmed

Positions the filer reduced

22 positions

Ticker	Company	Δ Shares	Shares	Value
MFC	Manulife Financial Corp	−580,082	4,099,098	$174,580,583
ENB	Enbridge Inc	−200,002	219,173	$10,189,352
BNS	Bank Of Nova Scotia	−160,390	1,858,134	$168,792,892
CM	Canadian Imperial Bank Of Commerce /Can/	−126,134	1,407,112	$155,035,600
CNI	Canadian National Railway Co	−63,984	1,190,268	$141,522,865
ABBV	AbbVie Inc.	−28,524	245,195	$64,140,560
TRP	Tc Energy Corp	−16,308	2,537,275	$146,603,749
BMO	Bank Of Montreal /Can/	−15,436	983,830	$164,545,567
RY	Royal Bank Of Canada	−5,653	886,886	$174,352,918
MRK	Merck & Co., Inc.	−2,345	204,106	$29,658,642
EMA	Emera Inc	−2,340	221,475	$10,593,149
CMI	Cummins Inc	−1,879	93,947	$48,530,201
USB	US Bancorp De	−1,119	325,446	$18,797,760
BDX	Becton Dickinson & Co	−971	177,450	$31,763,550
FTS	Fortis Inc.	−425	12,575	$664,211
URI	United Rentals, Inc.	−423	49,221	$49,259,392
AMGN	Amgen Inc	−200	650	$273,981
AMAT	Applied Materials Inc /De	−172	101,516	$51,913,252
TD	Toronto Dominion Bank	−150	11,870	$1,395,081
AAPL	Apple Inc.	−76	997	$332,020
EQIX	Equinix Inc	−64	17,156	$17,354,666
SAP	Sap SE	−53	90,908	$18,952,499
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
STN	Stantec Inc	1,620,272	$109,141,521
GRTUF	Granite Real Estate Investment Trust	272,809	$16,335,802
GFTFF	Grafton Resources Inc.	12,000	$7,008
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
TMUS	T-Mobile US, Inc.	1,937	$324,893
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

57 tracked positions · $3,524,197,333 total · filing declares 76 positions · $4,406,455,946 · as of Sep 30, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SU	Suncor Energy Inc Energy	Added	6,331,336	+3,181,648	$429,707,774	+154.2%	12.19%
PBA	Pembina Pipeline Corp Energy	Added	7,356,398	+3,721,819	$327,948,221	+95.1%	9.31%
MFC	Manulife Financial Corp Financial Services	Reduced	4,099,098	-580,082	$174,580,583	−7.9%	4.95%
RY	Royal Bank Of Canada Financial Services	Reduced	886,886	-5,653	$174,352,918	−5.6%	4.95%
BNS	Bank Of Nova Scotia Financial Services	Reduced	1,858,134	-160,390	$168,792,892	−3.7%	4.79%
BMO	Bank Of Montreal /Can/ Financial Services	Reduced	983,830	-15,436	$164,545,567	−6.8%	4.67%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	1,407,112	-126,134	$155,035,600	−12.1%	4.40%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	1,732,658	+30,613	$147,449,195	−0.0%	4.18%
TRP	Tc Energy Corp Energy	Reduced	2,537,275	-16,308	$146,603,749	−13.4%	4.16%
CNI	Canadian National Railway Co Industrials	Reduced	1,190,268	-63,984	$141,522,865	−5.4%	4.02%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	3,309,542	+282,627	$141,085,775	−9.7%	4.00%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	3,321,845	+74,218	$121,114,468	−12.4%	3.44%
STN	Stantec Inc Industrials	NEW	1,620,272	NEW	$109,141,521	NEW	3.10%
SLF	Sun Life Financial Inc Financial Services	Added	1,176,271	+7,497	$91,713,849	+0.1%	2.60%
ABBV	AbbVie Inc. Healthcare	Reduced	245,195	-28,524	$64,140,560	−6.9%	1.82%
NXPI	NXP Semiconductors N.V. Technology	Added	242,298	+82,719	$57,553,043	+28.3%	1.63%
AMAT	Applied Materials Inc /De Technology	Reduced	101,516	-172	$51,913,252	−29.4%	1.47%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	108,640	+1,076	$49,560,481	−3.5%	1.41%
URI	United Rentals, Inc. Industrials	Reduced	49,221	-423	$49,259,392	−12.4%	1.40%
CMI	Cummins Inc Industrials	Reduced	93,947	-1,879	$48,530,201	−29.0%	1.38%
V	Visa Inc. Financial Services	Added	120,294	+1,989	$43,225,243	+6.5%	1.23%
MSFT	Microsoft Corp Technology	Added	80,427	+612	$41,251,008	+38.6%	1.17%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	138,410	+294	$38,509,814	−4.9%	1.09%
AVGO	Broadcom Inc. Technology	Added	109,353	+21,067	$38,403,680	+15.2%	1.09%
WFC	Wells Fargo & Company/Mn Financial Services	Added	471,833	+3,533	$37,770,231	−2.4%	1.07%
CARR	CARRIER GLOBAL Corp Industrials	Added	686,997	+111,662	$37,688,655	−10.7%	1.07%
TEL	TE Connectivity plc Technology	Added	176,320	+20,113	$37,217,625	+18.2%	1.06%
NEE	Nextera Energy Inc Utilities	Added	460,576	+21,571	$34,884,026	−9.5%	0.99%
ETR	Entergy Corp /De/ Utilities	Added	347,670	+24,187	$34,509,724	−7.1%	0.98%
HD	Home Depot, Inc. Consumer Cyclical	Added	121,238	+1,129	$34,490,998	−18.6%	0.98%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	206,488	+464	$33,638,960	−8.4%	0.95%
NTR	Nutrien Ltd. Basic Materials	Added	453,977	+4,525	$31,891,884	+12.7%	0.90%
BDX	Becton Dickinson & Co Healthcare	Reduced	177,450	-971	$31,763,550	+17.6%	0.90%
MRK	Merck & Co., Inc. Healthcare	Reduced	204,106	-2,345	$29,658,642	+11.8%	0.84%
MDT	Medtronic plc Healthcare	Added	340,500	+11,325	$29,381,745	+14.1%	0.83%
UL	Unilever PLC Consumer Defensive	Added	450,494	+8,676	$27,358,500	+3.0%	0.78%
SAP	Sap SE Technology	Reduced	90,908	-53	$18,952,499	+35.2%	0.54%
USB	US Bancorp De Financial Services	Reduced	325,446	-1,119	$18,797,760	−4.7%	0.53%
COP	Conocophillips Energy	Added	143,522	+4,678	$17,961,778	+24.4%	0.51%
HON	Honeywell International Inc Industrials	Added	82,284	+272	$17,356,986	−5.5%	0.49%
EQIX	Equinix Inc Real Estate	Reduced	17,156	-64	$17,354,666	−3.3%	0.49%
GRTUF	Granite Real Estate Investment Trust Real Estate	NEW	272,809	NEW	$16,335,802	NEW	0.46%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	51,044	+7,334	$11,643,646	+16.0%	0.33%
EMA	Emera Inc Utilities	Reduced	221,475	-2,340	$10,593,149	−10.7%	0.30%
ENB	Enbridge Inc Energy	Reduced	219,173	-200,002	$10,189,352	−55.2%	0.29%
BAM	Brookfield Asset Management Ltd. Financial Services	Added	87,292	+2,480	$3,891,477	+2.3%	0.11%
TD	Toronto Dominion Bank Financial Services	Reduced	11,870	-150	$1,395,081	−4.4%	0.04%
FTS	Fortis Inc. Utilities	Reduced	12,575	-425	$664,211	−10.7%	0.02%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	11,566	+2,881	$544,411	+58.7%	0.02%
ADI	Analog Devices Inc Technology	Held	1,277	0	$506,598	−0.1%	0.01%

Showing the top 50 of 57 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.