Canoe Financial LP

CIK

1908219

Location

CALGARY, A0

Portfolio Value

Mid $7,124,073,612

Diversification

Diversified

Filing Date

Global Rank

#517 / 8,603 ▲ 18 · as of Mar 2026

Top Industry

Oil & Gas E&P 8.2%

3Y Alpha vs SPY

-3.9%

Period ended 3 months ago

Filed Apr 22, 2026 · 3mo

13 quarters · since Mar 2023

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+62.6%

SPY

+76.5%

Annualised alpha

-3.3%

Max drawdown

−10.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

105 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.9%

−0.2 pts

Top 5

19.0%

−2.2 pts

Top 10

32.4%

−3.1 pts

HHI

216

Diversified−18

Portfolio Trend

13 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	19.1%	$1,363,508,690	18
Energy	18.2%	$1,296,017,389	12
Financial Services	17.5%	$1,245,306,761	22
Consumer Cyclical	11.2%	$795,121,218	10
Technology	10.1%	$720,779,994	12
Healthcare	9.6%	$684,010,174	11
Basic Materials	7.8%	$552,954,016	10
Communication Services	3.5%	$246,414,189	1
Consumer Defensive	2.5%	$180,306,623	3
Unclassified	0.4%	$30,793,088	2
Real Estate	0.1%	$8,475,459	3
Utilities	0.0%	$386,011	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
SLB	Slb Limited/Nv	+3,103,468	4,241,622	$217,976,954
CP	Canadian Pacific Kansas City Ltd/Cn	+2,028,010	2,032,478	$159,874,719
EXE	EXPAND ENERGY Corp	+1,011,432	1,093,436	$120,037,404
QSR	Restaurant Brands International Inc.	+858,490	3,348,043	$247,420,377
EQT	EQT Corp	+778,407	2,990,182	$190,295,182
MDT	Medtronic plc	+739,917	743,236	$64,401,399
RRC	Range Resources Corp	+717,000	2,290,309	$103,476,160
CNI	Canadian National Railway Co	+502,424	3,426,466	$352,137,910
PM	Philip Morris International Inc.	+366,970	988,208	$163,390,310
V	Visa Inc.	+295,393	681,997	$206,126,773
CVS	CVS HEALTH Corp	+270,798	2,169,961	$155,846,599
JNJ	Johnson & Johnson	+209,449	715,018	$174,778,999
TMO	Thermo Fisher Scientific Inc.	+160,263	160,995	$79,133,872
TXN	Texas Instruments Inc	+155,212	494,886	$96,077,168
RBA	Rb Global Inc.	+153,615	1,366,310	$130,960,813
AMZN	Amazon Com Inc	+38,100	90,800	$18,910,916
GRTUF	Granite Real Estate Investment Trust	+16,473	60,729	$3,561,755
RAL	Ralliant Corp	+7,319	118,622	$4,933,488
ATS	ATS Corp /ATS	+6,830	87,430	$2,465,526
EMR	Emerson Electric Co	+5,579	245,425	$32,155,583
RY	Royal Bank Of Canada	+2,251	693,571	$112,205,916
ROST	Ross Stores, Inc.	+1,335	793,911	$171,984,939
NOC	Northrop Grumman Corp /De/	+1,131	53,353	$36,399,550
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CNQ	CANADIAN NATURAL RESOURCES Ltd	−2,155,438	3,433,507	$167,314,796
CVE	Cenovus Energy Inc.	−1,857,019	4,211,181	$111,722,631
TECK	Teck Resources Ltd	−1,651,848	1,680,741	$86,978,346
EFXT	Enerflex Ltd.	−1,528,286	4,629,559	$96,850,374
WFC	Wells Fargo & Company/Mn	−1,433,654	1,370,881	$109,135,836
TD	Toronto Dominion Bank	−710,366	10,747	$1,002,802
ICE	Intercontinental Exchange, Inc.	−490,006	461,480	$72,581,574
WPM	Wheaton Precious Metals Corp.	−432,235	455,701	$59,701,388
AEM	Agnico Eagle Mines Ltd	−354,774	356,830	$72,429,353
OTIS	Otis Worldwide Corp	−337,534	2,450,336	$188,871,898
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−333,400	864,770	$292,249,021
ROP	Roper Technologies Inc	−318,303	9,717	$3,438,457
AXP	American Express Co	−303,244	16,500	$4,990,920
ADI	Analog Devices Inc	−289,577	349,485	$111,185,157
COF	Capital One Financial Corp	−267,026	3,727	$679,916
WTW	Willis Towers Watson PLC	−246,012	14,116	$4,103,521
HDB	Hdfc Bank Ltd	−243,400	343,080	$8,535,830
GOOGL	Alphabet Inc.	−167,300	856,914	$246,414,189
MTB	M&T Bank Corp	−159,440	493,304	$101,975,802
CARR	CARRIER GLOBAL Corp	−114,900	1,080,150	$60,823,246
TJX	Tjx Companies Inc /De/	−106,800	718,517	$114,747,164
ALC	Alcon Inc	−100,600	232,228	$17,498,379
LMT	Lockheed Martin Corp	−85,951	258,076	$155,978,553
AGI	Alamos Gold Inc	−64,343	115,784	$5,144,283
CPRT	Copart Inc	−50,800	240,827	$7,995,456
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
HAL	Halliburton Co	4,065,777	$158,524,645
CTVA	Corteva, Inc.	1,285,193	$107,583,506
DE	Deere & Co	178,617	$100,614,956
NTR	Nutrien Ltd.	1,319,947	$99,603,200
SUNB	Sunbelt Rentals Holdings, Inc.	1,127,182	$73,368,276
WFRD	Weatherford International plc	529,200	$50,051,736
HP	Helmerich & Payne, Inc.	919,500	$33,129,585
RIG	Transocean Ltd.	3,571,400	$23,678,382
TDW	Tidewater Inc	274,800	$22,959,540
PPHC	Public Policy Holding Company, Inc.	1,019,118	$13,330,063
BAM	Brookfield Asset Management Ltd.	162,000	$7,200,900
CRM	Salesforce, Inc.	32,500	$6,066,775
VRSN	Verisign Inc/Ca	19,325	$4,799,557
ABT	Abbott Laboratories	40,000	$4,106,800
OR	OR Royalties Inc.	52,572	$1,998,787
KLAC	Kla Corp	4,520	$665,529
ALLE	Allegion plc	3,597	$522,608
SLF	Sun Life Financial Inc	4,946	$309,421
BMO	Bank Of Montreal /Can/	1,442	$195,160
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
BRK-B	Berkshire Hathaway Inc	162,228	$81,543,904
CB	Chubb Ltd	143,043	$44,646,581
RCI	Rogers Communications Inc	1,138,837	$42,968,320
ICLR	Icon PLC	193,917	$35,335,555
ORCL	Oracle Corp	57,678	$11,242,018
JKHY	Jack Henry & Associates Inc	15,457	$2,820,593
ERO	Ero Copper Corp.	64,358	$1,820,687
TFII	TFI International Inc.	16,200	$1,674,270
RGLD	Royal Gold Inc	6,210	$1,380,420
VNOM	Viper Energy, Inc.	25,000	$965,750
UNP	Union Pacific Corp	1,873	$433,262
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

105 positions · $7,124,073,612 total · as of Mar 31, 2026

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

Showing 1–50 of 105 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CNI	Canadian National Railway Co Industrials	Added	3,426,466	+502,424	$352,137,910	+21.8%	4.94%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	864,770	-333,400	$292,249,021	−19.7%	4.10%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	3,348,043	+858,490	$247,420,377	+45.7%	3.47%
GOOGL	Alphabet Inc. Communication Services	Reduced	856,914	-167,300	$246,414,189	−23.1%	3.46%
SLB	Slb Limited/Nv Energy	Added	4,241,622	+3,103,468	$217,976,954	+399.0%	3.06%
V	Visa Inc. Financial Services	Added	681,997	+295,393	$206,126,773	+52.0%	2.89%
EQT	EQT Corp Energy	Added	2,990,182	+778,407	$190,295,182	+60.5%	2.67%
MSFT	Microsoft Corp Technology	Reduced	513,331	-9,150	$190,019,736	−24.8%	2.67%
OTIS	Otis Worldwide Corp Industrials	Reduced	2,450,336	-337,534	$188,871,898	−22.4%	2.65%
JNJ	Johnson & Johnson Healthcare	Added	715,018	+209,449	$174,778,999	+67.0%	2.45%
ROST	Ross Stores, Inc. Consumer Cyclical	Added	793,911	+1,335	$171,984,939	+20.5%	2.41%
MCO	Moodys Corp /De/ Financial Services	Reduced	391,882	-34,040	$170,958,522	−21.4%	2.40%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	3,433,507	-2,155,438	$167,314,796	−11.6%	2.35%
PM	Philip Morris International Inc. Consumer Defensive	Added	988,208	+366,970	$163,390,310	+64.0%	2.29%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	2,032,478	+2,028,010	$159,874,719	+48497.4%	2.24%
HAL	Halliburton Co Energy	NEW	4,065,777	NEW	$158,524,645	NEW	2.23%
LMT	Lockheed Martin Corp Industrials	Reduced	258,076	-85,951	$155,978,553	−6.3%	2.19%
CVS	CVS HEALTH Corp Healthcare	Added	2,169,961	+270,798	$155,846,599	+3.4%	2.19%
MA	Mastercard Inc Financial Services	Reduced	302,781	-9,700	$151,287,554	−15.2%	2.12%
AZO	Autozone Inc Consumer Cyclical	Reduced	44,461	-4,930	$150,179,476	−10.3%	2.11%
CME	Cme Group Inc. Financial Services	Reduced	496,402	-43,720	$146,612,330	−0.6%	2.06%
RBA	Rb Global Inc. Industrials	Added	1,366,310	+153,615	$130,960,813	+5.0%	1.84%
EXE	EXPAND ENERGY Corp Energy	Added	1,093,436	+1,011,432	$120,037,404	+1226.4%	1.68%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	718,517	-106,800	$114,747,164	−9.5%	1.61%
RY	Royal Bank Of Canada Financial Services	Added	693,571	+2,251	$112,205,916	−4.8%	1.58%
CVE	Cenovus Energy Inc. Energy	Reduced	4,211,181	-1,857,019	$111,722,631	+8.8%	1.57%
ADI	Analog Devices Inc Technology	Reduced	349,485	-289,577	$111,185,157	−35.8%	1.56%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	1,370,881	-1,433,654	$109,135,836	−58.2%	1.53%
CTVA	Corteva, Inc. Basic Materials	NEW	1,285,193	NEW	$107,583,506	NEW	1.51%
ELV	Elevance Health, Inc. Healthcare	Reduced	367,287	-3,375	$107,523,269	−17.2%	1.51%
RRC	Range Resources Corp Energy	Added	2,290,309	+717,000	$103,476,160	+86.5%	1.45%
SHW	Sherwin Williams Co Basic Materials	Reduced	319,417	-27,120	$102,389,119	−8.8%	1.44%
MTB	M&T Bank Corp Financial Services	Reduced	493,304	-159,440	$101,975,802	−22.5%	1.43%
DE	Deere & Co Industrials	NEW	178,617	NEW	$100,614,956	NEW	1.41%
NTR	Nutrien Ltd. Basic Materials	NEW	1,319,947	NEW	$99,603,200	NEW	1.40%
MSCI	MSCI Inc. Financial Services	Reduced	184,751	-15,280	$99,582,636	−13.2%	1.40%
EFXT	Enerflex Ltd. Energy	Reduced	4,629,559	-1,528,286	$96,850,374	+1.9%	1.36%
TXN	Texas Instruments Inc Technology	Added	494,886	+155,212	$96,077,168	+63.0%	1.35%
TECK	Teck Resources Ltd Basic Materials	Reduced	1,680,741	-1,651,848	$86,978,346	−45.5%	1.22%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	160,995	+160,263	$79,133,872	+18556.7%	1.11%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	1,127,182	NEW	$73,368,276	NEW	1.03%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	461,480	-490,006	$72,581,574	−52.9%	1.02%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	356,830	-354,774	$72,429,353	−40.0%	1.02%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	51,824	-2,040	$65,360,428	−13.0%	0.92%
MDT	Medtronic plc Healthcare	Added	743,236	+739,917	$64,401,399	+20099.7%	0.90%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	1,080,150	-114,900	$60,823,246	−3.7%	0.85%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	455,701	-432,235	$59,701,388	−42.8%	0.84%
WFRD	Weatherford International plc Energy	NEW	529,200	NEW	$50,051,736	NEW	0.70%
GGG	Graco Inc Industrials	Reduced	441,774	-44,600	$37,396,169	−6.2%	0.52%
NOC	Northrop Grumman Corp /De/ Industrials	Added	53,353	+1,131	$36,399,550	+22.2%	0.51%