Cardinal Capital Management, Inc.

CIK

1518235

Location

WINNIPEG, A2

Portfolio Value

Mid $3,120,596,766

Diversification

Diversified

Filing Date

Global Rank

#1,013 / 8,650 ▼ 23

Top Industry

Banks - Diversified 24.1%

3Y Alpha vs SPY

+20.2%

Period ended 53 days ago

Filed Jul 10, 2026 · 43d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+180.4%

SPY

+74.8%

Annualised alpha

+20.5%

Max drawdown

−16.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

54 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

6.1%

−2.0 pts

Top 5

28.9%

−1.1 pts

Top 10

54.9%

+0.3 pts

HHI

399

Diversified−7

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	40.0%	$1,247,232,404	15
Energy	17.4%	$543,952,301	6
Industrials	14.9%	$463,825,280	5
Technology	9.0%	$279,703,098	10
Consumer Cyclical	7.5%	$235,270,573	3
Healthcare	4.8%	$148,467,213	5
Utilities	2.8%	$88,297,386	4
Basic Materials	2.2%	$69,011,565	3
Consumer Defensive	0.9%	$26,562,098	1
Real Estate	0.6%	$17,949,955	1
Communication Services	0.0%	$324,893	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GIL	Gildan Activewear Inc.	+440,770	3,026,915	$156,188,814
BKNG	Booking Holdings Inc.	+197,980	206,024	$36,721,717
BN	BROOKFIELD Corp /ON/	+80,738	3,247,627	$138,316,433
PBA	Pembina Pipeline Corp	+79,578	3,634,579	$168,099,278
CNI	Canadian National Railway Co	+68,791	1,254,252	$149,557,008
CARR	CARRIER GLOBAL Corp	+37,934	575,335	$42,200,822
CP	Canadian Pacific Kansas City Ltd/Cn	+32,121	1,702,045	$147,482,198
UL	Unilever PLC	+26,101	441,818	$26,562,098
HD	Home Depot, Inc.	+25,048	120,109	$42,360,042
ETR	Entergy Corp /De/	+24,483	323,483	$37,155,257
ABBV	AbbVie Inc.	+21,206	273,719	$68,878,649
TRP	Tc Energy Corp	+18,907	2,553,583	$169,277,017
MDT	Medtronic plc	+18,264	329,175	$25,751,360
USB	US Bancorp \De\	+16,814	326,565	$19,724,526
AVGO	Broadcom Inc.	+13,693	88,286	$33,350,036
BDX	Becton Dickinson & Co	+11,039	178,421	$27,000,449
APD	Air Products & Chemicals, Inc.	+9,363	138,116	$40,492,848
WFC	Wells Fargo & Company/Mn	+5,590	468,300	$38,700,312
URI	United Rentals, Inc.	+5,142	49,644	$56,241,191
NEE	Nextera Energy Inc	+4,391	439,005	$38,531,468
MFC	Manulife Financial Corp	+3,992	4,679,180	$189,553,581
CNQ	CANADIAN NATURAL RESOURCES Ltd	+3,920	8,685	$343,057
NXPI	NXP Semiconductors N.V.	+3,470	159,579	$44,846,486
MSFT	Microsoft Corp	+3,163	79,815	$29,772,591
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+2,823	107,564	$51,369,339
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
SLF	Sun Life Financial Inc	−1,062,650	1,168,774	$91,655,257
SU	Suncor Energy Inc	−360,652	3,149,688	$169,075,251
TMUS	T-Mobile US, Inc.	−192,666	1,937	$324,893
AMAT	Applied Materials Inc /De	−85,994	101,688	$73,520,424
NTR	Nutrien Ltd.	−24,450	449,452	$28,293,003
CM	Canadian Imperial Bank Of Commerce /Can/	−23,790	1,533,246	$176,323,290
ENB	Enbridge Inc	−13,970	419,175	$22,723,476
BMO	Bank Of Montreal /Can/	−5,261	999,266	$176,570,302
BNS	Bank Of Nova Scotia	−4,335	2,018,524	$175,288,624
TD	Toronto Dominion Bank	−3,703	12,020	$1,459,588
RY	Royal Bank Of Canada	−3,200	892,539	$184,728,796
BAC	Bank Of America Corp /De/	−1,160	4,175	$237,891
MRK	Merck & Co., Inc.	−1,019	206,451	$26,528,953
CMI	Cummins Inc	−221	95,826	$68,344,061
TXN	Texas Instruments Inc	−95	1,730	$515,661
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
V	Visa Inc.	118,305	$40,589,262
TEL	TE Connectivity plc	156,207	$31,492,893
BAM	Brookfield Asset Management Ltd.	84,812	$3,803,818
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
HON	Honeywell International Inc	141,392	$31,958,838
GRTUF	Granite Real Estate Investment Trust	269,724	$15,819,312
CDW	CDW Corp	70,347	$8,513,393
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

54 tracked positions · $3,120,596,766 total · as of Jun 30, 2026

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

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MFC	Manulife Financial Corp Financial Services	Added	4,679,180	+3,992	$189,553,581	+17.7%	6.07%
RY	Royal Bank Of Canada Financial Services	Reduced	892,539	-3,200	$184,728,796	+27.5%	5.92%
BMO	Bank Of Montreal /Can/ Financial Services	Reduced	999,266	-5,261	$176,570,302	+29.9%	5.66%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	1,533,246	-23,790	$176,323,290	+19.5%	5.65%
BNS	Bank Of Nova Scotia Financial Services	Reduced	2,018,524	-4,335	$175,288,624	+25.0%	5.62%
TRP	Tc Energy Corp Energy	Added	2,553,583	+18,907	$169,277,017	+6.7%	5.42%
SU	Suncor Energy Inc Energy	Reduced	3,149,688	-360,652	$169,075,251	−27.1%	5.42%
PBA	Pembina Pipeline Corp Energy	Added	3,634,579	+79,578	$168,099,278	+5.6%	5.39%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	3,026,915	+440,770	$156,188,814	+8.5%	5.01%
CNI	Canadian National Railway Co Industrials	Added	1,254,252	+68,791	$149,557,008	+22.8%	4.79%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	1,702,045	+32,121	$147,482,198	+12.3%	4.73%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	3,247,627	+80,738	$138,316,433	+7.9%	4.43%
SLF	Sun Life Financial Inc Financial Services	Reduced	1,168,774	-1,062,650	$91,655,257	−34.3%	2.94%
AMAT	Applied Materials Inc /De Technology	Reduced	101,688	-85,994	$73,520,424	+14.6%	2.36%
ABBV	AbbVie Inc. Healthcare	Added	273,719	+21,206	$68,878,649	+25.4%	2.21%
CMI	Cummins Inc Industrials	Reduced	95,826	-221	$68,344,061	+32.3%	2.19%
URI	United Rentals, Inc. Industrials	Added	49,644	+5,142	$56,241,191	+73.5%	1.80%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	107,564	+2,823	$51,369,339	+45.1%	1.65%
NXPI	NXP Semiconductors N.V. Technology	Added	159,579	+3,470	$44,846,486	+45.9%	1.44%
HD	Home Depot, Inc. Consumer Cyclical	Added	120,109	+25,048	$42,360,042	+35.5%	1.36%
CARR	CARRIER GLOBAL Corp Industrials	Added	575,335	+37,934	$42,200,822	+39.5%	1.35%
V	Visa Inc. Financial Services	NEW	118,305	NEW	$40,589,262	NEW	1.30%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	138,116	+9,363	$40,492,848	+8.3%	1.30%
WFC	Wells Fargo & Company/Mn Financial Services	Added	468,300	+5,590	$38,700,312	+5.1%	1.24%
NEE	Nextera Energy Inc Utilities	Added	439,005	+4,391	$38,531,468	−4.5%	1.23%
ETR	Entergy Corp /De/ Utilities	Added	323,483	+24,483	$37,155,257	+10.6%	1.19%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	206,024	+197,980	$36,721,717	+8.4%	1.18%
AVGO	Broadcom Inc. Technology	Added	88,286	+13,693	$33,350,036	+44.5%	1.07%
TEL	TE Connectivity plc Technology	NEW	156,207	NEW	$31,492,893	NEW	1.01%
MSFT	Microsoft Corp Technology	Added	79,815	+3,163	$29,772,591	+4.9%	0.95%
NTR	Nutrien Ltd. Basic Materials	Reduced	449,452	-24,450	$28,293,003	−20.9%	0.91%
BDX	Becton Dickinson & Co Healthcare	Added	178,421	+11,039	$27,000,449	+2.6%	0.87%
UL	Unilever PLC Consumer Defensive	Added	441,818	+26,101	$26,562,098	+12.2%	0.85%
MRK	Merck & Co., Inc. Healthcare	Reduced	206,451	-1,019	$26,528,953	+6.3%	0.85%
MDT	Medtronic plc Healthcare	Added	329,175	+18,264	$25,751,360	−4.4%	0.83%
ENB	Enbridge Inc Energy	Reduced	419,175	-13,970	$22,723,476	−3.1%	0.73%
USB	US Bancorp \De\ Financial Services	Added	326,565	+16,814	$19,724,526	+22.4%	0.63%
EQIX	Equinix Inc Real Estate	Added	17,220	+7	$17,949,955	+6.4%	0.58%
COP	Conocophillips Energy	Added	138,844	+976	$14,434,222	−20.7%	0.46%
SAP	Sap SE Technology	Added	90,961	+915	$14,017,999	−9.1%	0.45%
EMA	Emera Inc Utilities	Added	223,815	+2,030	$11,866,671	+3.2%	0.38%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	43,710	+543	$10,034,504	+7.3%	0.32%
BAM	Brookfield Asset Management Ltd. Financial Services	NEW	84,812	NEW	$3,803,818	NEW	0.12%
TD	Toronto Dominion Bank Financial Services	Reduced	12,020	-3,703	$1,459,588	−0.5%	0.05%
FTS	Fortis Inc. Utilities	Held	13,000	0	$743,990	+2.6%	0.02%
TXN	Texas Instruments Inc Technology	Reduced	1,730	-95	$515,661	+45.5%	0.02%
ADI	Analog Devices Inc Technology	Added	1,277	+12	$507,186	+26.0%	0.02%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	8,685	+3,920	$343,057	+47.7%	0.01%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	1,937	-192,666	$324,893	−99.2%	0.01%
AAPL	Apple Inc. Technology	Added	1,073	+76	$310,483	+22.7%	0.01%

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.