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Canoe Financial LP — 13F Holdings & Portfolio

CIK 1908219 · latest 13F-HR filed 2026-10-21

Backtest portfolio

Canoe Financial LP manages $8.31B in 13F-reported U.S. long-equity assets across 120 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are CNI (4.67%), SLB (4.41%), TSM (3.55%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 8 new positions and exited 11; 29 existing positions rose in reported value and 51 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$8.31B

Long-equity book

Holdings
120

Distinct positions

Period
2026-09-30

Filed 2026-10-21

Q/Q Activity
+8 / −11 / ↑29 / ↓51

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
CNI4.8% · -3%SLB4.6% · -3%TSM3.7% · -11%V3.0% · -1%QSR2.9% · +0%GOOGL2.8% · -8%EQT2.6% · +3%OTIS2.6% · +5%PM2.4% · -0%CP2.4% · +0%TMO2.3% · -7%MSFT2.3% · -22%JNJ2.3% · -0%AEM2.2% · +130%CVS2.1% · -8%DHR2.1% · +43%EMR2.0% · +41%NTR2.0% · +9%DE2.0% · +0%MA2.0% · -3%MCO1.9% · -6%EXE1.9% · +584%RRC1.8% · +19%WPM1.8% · +79%ELV1.7% · +0%RY1.7% · +0%LMT1.6% · +0%IHG1.6% · -9%ICE1.6% · +3%WFC1.6% · +0%CVE1.6% · +0%CNQ1.6% · +7%EFXT1.5% · -1%RBA1.5% · +3%CME1.5% · -10%ADI1.4% · -19%EFX1.4% · +4374%TECK1.4% · +0%AZO1.4% · -5%MTB1.4% · -0%AMZN1.2% · +39%TJX1.2% · +5%SHW1.1% · -3%MSCI1.1% · -7%TXN1.1% · -35%HAL1.1% · -54%MTD0.8% · -9%UBER0.6% · newCARR0.6% · -6%FISV0.6% · -1%LIN0.5% · +265%WFRD0.5% · -24%NOC0.3% · +0%CTVA0.3% · +0%TLN0.3% · newTAC0.3% · +202%UNH0.2% · -1%SPGI0.2% · -11%VET0.2% · newKLAC0.2% · +3%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 31.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 29 →

Top Trims

Show all 51 →

New Positions

Show all 8 →

Exited Positions

Show all 11 →

Canoe Financial LP Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 CANADIAN NATIONAL RAILWAY CO CNI 136375102 $388.0M 4.67% 3,309,796 SH
2 SCHLUMBERGER LTD SLB 806857108 $366.5M 4.41% 7,531,182 SH
3 TAIWAN SEMICONDUCTOR MANUFACTU TSM 874039100 $295.1M 3.55% 642,620 SH
4 VISA INC COM CL A V 92826C839 $236.6M 2.85% 657,372 SH
5 RESTAURANT BRANDS INTL INC QSR 76131D103 $234.4M 2.82% 3,359,091 SH
6 ALPHABET INC GOOGL 02079K305 $224.2M 2.70% 662,714 SH
7 EQT CORP EQT 26884L109 $205.7M 2.47% 4,136,572 SH
8 OTIS WORLDWIDE CORP OTIS 68902V107 $205.6M 2.47% 3,188,862 SH
9 PHILIP MORRIS INTERNATIONAL IN PM 718172109 $190.8M 2.30% 1,014,129 SH
10 CANADIAN PACIFIC KANSAS CITY LTD CP 13646K108 $188.4M 2.27% 2,228,628 SH
11 THERMO FISHER SCIENTIFIC INC TMO 883556102 $187.7M 2.26% 287,690 SH
12 MICROSOFT CORP MSFT 594918104 $186.6M 2.25% 363,891 SH
13 JOHNSON & JOHNSON JNJ 478160104 $184.8M 2.22% 714,643 SH
14 AGNICO EAGLE MINES LIMITED AEM 008474108 $178.1M 2.14% 986,414 SH
15 CVS HEALTH CORP CVS 126650100 $171.7M 2.07% 2,014,839 SH
16 DANAHER CORP DHR 235851102 $169.4M 2.04% 800,124 SH
17 EMERSON ELECTRIC CO EMR 291011104 $162.7M 1.96% 1,025,830 SH
18 NUTRIEN LTD NTR 67077M108 $161.8M 1.95% 2,318,096 SH
19 DEERE & CO DE 244199105 $160.2M 1.93% 240,105 SH
20 MASTERCARD INC MA 57636Q104 $157.4M 1.89% 286,138 SH
21 MOODY'S CORP MCO 615369105 $156.1M 1.88% 348,842 SH
22 Expand Energy Corp EXE 165167735 $149.0M 1.79% 1,742,706 SH
23 RANGE RESOURCES CORP RRC 75281A109 $147.8M 1.78% 3,942,391 SH
24 WHEATON PRECIOUS METALS CORP WPM 962879102 $142.7M 1.72% 1,070,765 SH
25 ELEVANCE HEALTH INC ELV 036752103 $139.1M 1.67% 364,526 SH
26 ROYAL BANK OF CANADA RY 780087102 $136.7M 1.65% 699,679 SH
27 LOCKHEED MARTIN CORP LMT 539830109 $132.1M 1.59% 261,418 SH
28 INTERCONTINENTAL HOTELS GROUP PLC IHG G4804L163 $131.7M 1.58% 824,254 SH
29 INTERCONTINENTAL EXCHANGE INC ICE 45866F104 $128.1M 1.54% 845,608 SH
30 WELLS FARGO & CO WFC 949746101 $126.0M 1.52% 1,569,864 SH
31 CENOVUS ENERGY INC CVE 15135U109 $125.4M 1.51% 3,961,386 SH
32 CANADIAN NATURAL RESOURCES LTD CNQ 136385101 $124.9M 1.50% 2,609,343 SH
33 ENERFLEX LTD EFXT 29269R105 $118.8M 1.43% 4,664,632 SH
34 RB GLOBAL INC RBA 74935Q107 $117.7M 1.42% 1,443,141 SH
35 CME GROUP INC CME 12572Q105 $117.4M 1.41% 442,922 SH
36 ANALOG DEVICES INC ADI 032654105 $115.4M 1.39% 285,099 SH
37 EQUIFAX INC EFX 294429105 $111.3M 1.34% 796,817 SH
38 TECK RESOURCES LTD TECK 878742204 $110.7M 1.33% 1,695,665 SH
39 AUTOZONE INC AZO 053332102 $109.8M 1.32% 38,941 SH
40 M&T BANK CORP MTB 55261F104 $108.6M 1.31% 499,644 SH
41 AMAZON.COM INC AMZN 023135106 $92.8M 1.12% 373,810 SH
42 TJX COS INC/THE TJX 872540109 $92.7M 1.12% 693,717 SH
43 SHERWIN-WILLIAMS CO/THE SHW 824348106 $91.9M 1.11% 286,457 SH
44 MSCI INC MSCI 55354G100 $91.4M 1.10% 167,631 SH
45 TEXAS INSTRUMENTS INC TXN 882508104 $90.6M 1.09% 321,950 SH
46 HALLIBURTON CO HAL 406216101 $85.0M 1.02% 2,666,600 SH
47 SS SPDR S&P OG EXP & PROD Put XOP 78468R556 $68.1M 0.82% 380,000 SH
48 METTLER-TOLEDO INTERNATIONAL I MTD 592688105 $67.5M 0.81% 45,544 SH
49 SLB LTD Call SLB 806857108 $61.9M 0.75% 1,270,000 SH
50 UBER TECHNOLOGIES INC UBER 90353T100 $52.0M 0.63% 766,455 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-21 $8.31B 120 0001908219-26-000011
2026-06-30 2026-07-16 $8.07B 119 0001908219-26-000005
2026-03-31 2026-04-22 $7.34B 119 0001908219-26-000004
2025-12-31 2026-01-14 $7.36B 110 0001908219-26-000003
Filer Information
Address
421 7 AVENUE SW, SUITE 2750
CALGARY, A0 T2P4K9
Phone
(403) 571-5550
Filing Manager
Canoe Financial LP
CALGARY, A0
Signatory
Albert Luong
Director, Legal & Compliance