Canoe Financial LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Canoe Financial LP reported 102 stock positions worth $6.1 billion. Its top holding was Microsoft (MSFT) at 4.3% of the portfolio, followed by Unitedhealth (UNH, 4.2%) and Diageo (DGEAF, 4.1%). Compared with Q4 2023, it opened 39 new positions, sold out of 76, added to 15 and reduced 46. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale an exit from Tourmaline Oil (TRMLF).
- Most Recent 13F
- Q2 2026
- Location
- CALGARY, A0
- CIK
- 0001908219
- Portfolio Value
- $6.1B (Q1 2024)
- SEC Filing
- 0001908219-24-000006 ↗ filed May 8, 2024
Holdings Value
Holdings 102 stocks · $6.1B
| MSFT Microsoft Corp. | 4.31% | 621,147 | $261.3M | New |
| UNH Unitedhealth Group Inc. | 4.15% | 509,098 | $251.9M | Add +212.1% |
| DGEAF Diageo PLC | 4.14% | 6,802,658 | $251.2M | New |
| TSM Taiwan Semiconductor-SP ADR | 3.83% | 1,709,737 | $232.6M | New |
| AXP American Express Co. | 3.30% | 879,800 | $200.3M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 3.27% | 1,314,715 | $198.4M | New |
| AZO AutoZone Inc. | 3.03% | 58,296 | $183.7M | New |
| MA Mastercard Inc. Class A | 2.89% | 363,596 | $175.1M | New |
| ELV Elevance Health Inc. | 2.84% | 332,700 | $172.5M | Reduce -1.0% |
| WFC Wells Fargo & Co. | 2.81% | 2,946,348 | $170.8M | Reduce -0.9% |
| MCO Moody's Corp. | 2.78% | 428,692 | $168.5M | New |
| LOW Lowe's Cos Inc. | 2.53% | 602,230 | $153.4M | Add +71.2% |
| QSR Restaurant Brands Intern | 2.47% | 1,889,014 | $150.1M | Reduce -1.1% |
| RY Royal Bank of Canada | 2.15% | 1,291,012 | $130.3M | Reduce -1.5% |
| ICHGF Intercontinental Hotels Grou | 2.09% | 1,217,045 | $126.6M | New |
| AEM Agnico Eagle Mines Ltd. | 2.06% | 2,098,161 | $125.2M | Reduce -1.4% |
| PM Philip Morris International | 1.93% | 1,281,243 | $117.4M | Reduce -19.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.83% | 1,094,226 | $111.0M | Add +21784.5% |
| SHW The Sherwin-Williams Co. | 1.83% | 319,018 | $110.8M | New |
| CVS CVS Health Corp. | 1.80% | 1,369,374 | $109.2M | Add +68.3% |
| GE General Electric | 1.73% | 599,693 | $105.3M | Reduce -0.9% |
| OTIS Otis Worldwide Corp. | 1.67% | 1,018,485 | $101.1M | New |
| CME Cme Group Inc. | 1.62% | 457,381 | $98.5M | New |
| RBA RB Global Inc. | 1.46% | 1,163,182 | $88.6M | Add +11.5% |
| EMR Emerson Electric Co. | 1.42% | 759,828 | $86.2M | Reduce -11.3% |
| WPM Wheaton Precious Metals Corp. | 1.41% | 1,815,369 | $85.5M | Reduce -1.4% |
| JNJ Johnson & Johnson | 1.39% | 532,714 | $84.3M | Add +125.5% |
| SBUX Starbucks Corp. | 1.39% | 919,876 | $84.1M | New |
| DFS Discover Financial Services | 1.38% | 637,241 | $83.5M | Reduce -0.9% |
| CVE Cenovus Energy Inc. | 1.32% | 3,901,150 | $80.3M | Add +950.3% |
| MSCI MSCI Inc. | 1.32% | 142,757 | $80.0M | New |
| ROST Ross Stores Inc. | 1.30% | 538,749 | $79.1M | Reduce -4.2% |
| ADI Analog Devices Inc. | 1.28% | 393,503 | $77.8M | Add +19.0% |
| MTD Mettler-Toledo International | 1.24% | 56,644 | $75.4M | New |
| B Barrick Gold Corp. | 1.24% | 4,509,830 | $75.0M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.22% | 176,173 | $74.1M | Reduce -1.4% |
| FDX FedEx Corp. | 1.18% | 246,224 | $71.3M | Reduce -38.3% |
| LBRT Liberty Energy Inc. | 1.17% | 3,425,195 | $71.0M | New |
| MGA Magna International Inc. | 1.13% | 1,257,326 | $68.5M | Reduce -1.1% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.09% | 454,554 | $66.1M | New |
| NOC Northrop Grumman Corp. | 1.07% | 135,423 | $64.8M | New |
| CP Canadian Pacific Kansas City | 1.01% | 695,312 | $61.3M | Reduce -21.5% |
| GGG Graco Inc. | 0.99% | 642,152 | $60.0M | New |
| EFXT Enerflex Ltd. | 0.75% | 7,854,175 | $45.7M | Reduce -0.5% |
| RRC Range Resources Corp. | 0.70% | 1,238,109 | $42.6M | Reduce -27.3% |
| FITB Fifth Third Bancorp | 0.68% | 1,106,670 | $41.2M | Reduce -0.9% |
| RCI Rogers Communications Inc. Class B | 0.67% | 990,863 | $40.6M | Add +9.7% |
| CB Chubb Ltd. | 0.67% | 156,424 | $40.5M | Reduce -1.4% |
| FISV Fiserv Inc. | 0.67% | 253,011 | $40.4M | Add +9.6% |
| UNP Union Pacific Corp. | 0.66% | 162,385 | $39.9M | Reduce -74.3% |
| ASMLF ASML Holding NV | 0.60% | 38,011 | $36.6M | New |
| CNQ Canadian Natural Resources | 0.60% | 475,411 | $36.3M | Add +6.4% |
| FNV Franco-Nevada Corp. | 0.51% | 262,130 | $31.2M | Reduce -0.8% |
| SAPGF Sap SE | 0.50% | 156,355 | $30.4M | New |
| FTV Fortive Corp. | 0.49% | 348,340 | $30.0M | Reduce -2.5% |
| SLF Sun Life Financial Inc. | 0.48% | 535,487 | $29.2M | Reduce -1.7% |
| SPGI S&P Global Inc. | 0.47% | 66,784 | $28.4M | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.40% | 442,800 | $24.3M | New |
| ATS Ats Corp. | 0.38% | 686,879 | $23.1M | Reduce -1.8% |
| LIN Linde PLC | 0.31% | 40,836 | $19.0M | New |
| PEP Pepsico Inc. | 0.28% | 98,467 | $17.2M | New |
| AON Aon PLC Class A | 0.28% | 51,509 | $17.2M | New |
| XES SS SPDR S&P Og Eqp & Serv | 0.28% | 182,500 | $17.0M | New |
| CCJ Cameco Corp. | 0.26% | 362,458 | $15.7M | Reduce -69.5% |
| HDB HDFC Bank Ltd.-ADR | 0.26% | 279,398 | $15.6M | New |
| ORCL Oracle Corp. | 0.26% | 124,409 | $15.6M | New |
| ADBE Adobe Inc. | 0.19% | 23,206 | $11.7M | New |
| CARR Carrier Global Corp. | 0.19% | 201,350 | $11.7M | New |
| FDS Factset Research Systems Inc. | 0.18% | 23,944 | $10.9M | New |
| MIDD Middleby Corp. | 0.18% | 67,039 | $10.8M | New |
| BDX Becton Dickinson and Co. | 0.17% | 42,778 | $10.6M | New |
| NKE Nike Inc. Class B | 0.14% | 90,415 | $8.5M | New |
| CNC Centene Corp. | 0.13% | 102,466 | $8.0M | Reduce -74.8% |
| STN Stantec Inc. | 0.13% | 95,381 | $7.9M | Reduce -13.0% |
| CL Colgate-Palmolive Co. | 0.12% | 82,042 | $7.4M | New |
| CNI Canadian Natl Railway Co. | 0.12% | 55,379 | $7.3M | Add +670.6% |
| FSLR First Solar Inc. | 0.11% | 40,300 | $6.8M | New |
| ENPH Enphase Energy Inc. | 0.11% | 56,100 | $6.8M | New |
| DSGX The Descartes Systems Grp | 0.10% | 66,838 | $6.1M | Reduce -0.8% |
| CIGI Colliers Intl GR-Subord Vot | 0.09% | 43,577 | $5.3M | Reduce -1.6% |
| FSV Firstservice Corp. | 0.08% | 30,045 | $5.0M | Add +1.8% |
| KVUE Kenvue Inc. | 0.07% | 187,444 | $4.0M | Reduce -90.3% |
| GRP.U Granite Real Estate Investme | 0.07% | 69,735 | $4.0M | Reduce -4.8% |
| TFII Tfi International Inc. | 0.06% | 22,119 | $3.5M | Reduce -9.9% |
| TD Toronto-Dominion Bank | 0.06% | 57,571 | $3.5M | Reduce -97.0% |
| GDXJ Vaneck Junior Gold Miners | 0.05% | 81,945 | $3.2M | Add +66.8% |
| AGI Alamos Gold Inc. Class A | 0.05% | 196,855 | $2.9M | Reduce -7.2% |
| RGLD Royal Gold Inc. | 0.04% | 21,004 | $2.6M | Reduce -10.7% |
| WCN Waste Connections Inc. | 0.04% | 13,500 | $2.3M | Reduce -14.6% |
| NTR Nutrien Ltd. | 0.03% | 36,500 | $2.0M | No change |
| VLUTF Volution Group PLC | 0.03% | 360,500 | $2.0M | New |
| OTEX Open Text Corp. | 0.03% | 49,415 | $1.9M | Reduce -17.8% |
| BN Brookfield Corp. | 0.03% | 38,145 | $1.6M | Reduce -51.4% |
| TRP TC Energy Corp. | 0.03% | 39,360 | $1.6M | Reduce -50.7% |
| ENB Enbridge Inc. | 0.02% | 41,447 | $1.5M | No change |
| SU Suncor Energy Inc. | 0.02% | 40,211 | $1.5M | Reduce -38.3% |
| GDX Vaneck Gold Miners ETF | 0.02% | 43,715 | $1.4M | Reduce -52.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.02% | 15,440 | $1.3M | Add +143.2% |
| HAL Halliburton Co. | 0.02% | 3,000 | $983K | New |
| ERO Ero Copper Corp. | 0.01% | 36,933 | $712K | Reduce -17.1% |
| KGC Kinross Gold Corp. | 0.01% | 98,517 | $605K | Reduce -4.5% |
| FTS Fortis Inc. | 0.01% | 12,968 | $513K | Reduce -73.8% |
Portfolio Sells Q4 2023 → Q1 2024
| TRMLF Tourmaline Oil Corp. | Sold out | 0.00% | −5.09 |
| AETUF Arc Resources Ltd. | Sold out | 0.00% | −4.39 |
| PREKF Prairiesky Royalty Ltd. | Sold out | 0.00% | −3.21 |
| Secure Energy Services, Inc. | Sold out | 0.00% | −3.01 |
| TD Toronto-Dominion Bank | Reduce -97.0% | 0.06% | −2.40 |
| UNP Union Pacific Corp. | Reduce -74.3% | 0.66% | −2.38 |
| PRMRF Paramount Resources Ltd. Class A | Sold out | 0.00% | −2.29 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −2.06 |
| IFCZF Intact Financial Corp. | Sold out | 0.00% | −1.83 |
| CDDRF Headwater Exploration Inc. | Sold out | 0.00% | −1.75 |
| TPZEF Topaz Energy Corp. | Sold out | 0.00% | −1.61 |
| TOLWF Trican Well Service Ltd. | Sold out | 0.00% | −1.52 |
| WSPOF WSP Global Inc. | Sold out | 0.00% | −1.27 |
| MEGEF Meg Energy Corp. | Sold out | 0.00% | −1.18 |
| CWEGF Crew Energy Inc. | Sold out | 0.00% | −1.08 |
| PARXF Parex Resources Inc. | Sold out | 0.00% | −1.05 |
| PM Philip Morris International | Reduce -19.2% | 1.93% | −0.99 |
| DFYFF Definity Financial Corp. | Sold out | 0.00% | −0.99 |
| FDX FedEx Corp. | Reduce -38.3% | 1.18% | −0.81 |
| KVUE Kenvue Inc. | Reduce -90.3% | 0.07% | −0.75 |
| CCJ Cameco Corp. | Reduce -69.5% | 0.26% | −0.75 |
| EMLAF Empire Co. Ltd. 'a' | Sold out | 0.00% | −0.72 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.68 |
| TMTNF Toromont Industries Ltd. | Sold out | 0.00% | −0.67 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.66 |
| ATRWF Altius Renewable Royalties | Sold out | 0.00% | −0.49 |
| CNC Centene Corp. | Reduce -74.8% | 0.13% | −0.46 |
| QSR Restaurant Brands Intern | Reduce -1.1% | 2.47% | −0.46 |
| RY Royal Bank of Canada | Reduce -1.5% | 2.15% | −0.45 |
| KELTF Kelt Exploration Ltd. | Sold out | 0.00% | −0.42 |
| B Barrick Gold Corp. | Reduce -0.9% | 1.24% | −0.38 |
| WPM Wheaton Precious Metals Corp. | Reduce -1.4% | 1.41% | −0.37 |
| CP Canadian Pacific Kansas City | Reduce -21.5% | 1.01% | −0.36 |
| WCPRF Whitecap Resources Inc. | Sold out | 0.00% | −0.36 |
| MGA Magna International Inc. | Reduce -1.1% | 1.13% | −0.34 |
| DLMAF Dollarama Inc. | Sold out | 0.00% | −0.34 |
| RRC Range Resources Corp. | Reduce -27.3% | 0.70% | −0.31 |
| ELV Elevance Health Inc. | Reduce -1.0% | 2.84% | −0.27 |
| PHXHF PHX Energy Services Corp. | Sold out | 0.00% | −0.25 |
| AEM Agnico Eagle Mines Ltd. | Reduce -1.4% | 2.06% | −0.23 |
| ROST Ross Stores Inc. | Reduce -4.2% | 1.30% | −0.22 |
| EMR Emerson Electric Co. | Reduce -11.3% | 1.42% | −0.22 |
| ATS Ats Corp. | Reduce -1.8% | 0.38% | −0.21 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.16 |
| IAFNF Ia Financial Corp. Inc. | Sold out | 0.00% | −0.16 |
| BGSI Boyd Group Services Inc. | Sold out | 0.00% | −0.15 |
| EQGPF Eqb Inc. | Sold out | 0.00% | −0.11 |
| ANDHF Andlauer Healthcare Group Inc. | Sold out | 0.00% | −0.11 |
| RHUHF Richelieu Hardware Ltd. | Sold out | 0.00% | −0.10 |
| QBCRF Quebecor Inc. Class B | Sold out | 0.00% | −0.10 |
Portfolio Buys Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | New | 4.31% | +4.31 |
| DGEAF Diageo PLC | New | 4.14% | +4.14 |
| TSM Taiwan Semiconductor-SP ADR | New | 3.83% | +3.83 |
| GOOGL Alphabet Inc. Class A | New | 3.27% | +3.27 |
| AZO AutoZone Inc. | New | 3.03% | +3.03 |
| MA Mastercard Inc. Class A | New | 2.89% | +2.89 |
| MCO Moody's Corp. | New | 2.78% | +2.78 |
| UNH Unitedhealth Group Inc. | Add +212.1% | 4.15% | +2.46 |
| ICHGF Intercontinental Hotels Grou | New | 2.09% | +2.09 |
| SHW The Sherwin-Williams Co. | New | 1.83% | +1.83 |
| TJX TJX Companies Inc. | Add +21784.5% | 1.83% | +1.82 |
| OTIS Otis Worldwide Corp. | New | 1.67% | +1.67 |
| CME Cme Group Inc. | New | 1.62% | +1.62 |
| SBUX Starbucks Corp. | New | 1.39% | +1.39 |
| MSCI MSCI Inc. | New | 1.32% | +1.32 |
| MTD Mettler-Toledo International | New | 1.24% | +1.24 |
| CVE Cenovus Energy Inc. | Add +950.3% | 1.32% | +1.19 |
| LBRT Liberty Energy Inc. | New | 1.17% | +1.17 |
| MTB M & T Bank Corp. | New | 1.09% | +1.09 |
| NOC Northrop Grumman Corp. | New | 1.07% | +1.07 |
| LOW Lowe's Cos Inc. | Add +71.2% | 2.53% | +0.99 |
| GGG Graco Inc. | New | 0.99% | +0.99 |
| JNJ Johnson & Johnson | Add +125.5% | 1.39% | +0.66 |
| ASMLF ASML Holding NV | New | 0.60% | +0.60 |
| CVS CVS Health Corp. | Add +68.3% | 1.80% | +0.54 |
| SAPGF Sap SE | New | 0.50% | +0.50 |
| SPGI S&P Global Inc. | New | 0.47% | +0.47 |
| SLB SLB Ltd. | New | 0.40% | +0.40 |
| LIN Linde PLC | New | 0.31% | +0.31 |
| PEP Pepsico Inc. | New | 0.28% | +0.28 |
| AON Aon PLC Class A | New | 0.28% | +0.28 |
| XES SS SPDR S&P Og Eqp & Serv | New | 0.28% | +0.28 |
| HDB HDFC Bank Ltd.-ADR | New | 0.26% | +0.26 |
| ORCL Oracle Corp. | New | 0.26% | +0.26 |
| ADBE Adobe Inc. | New | 0.19% | +0.19 |
| CARR Carrier Global Corp. | New | 0.19% | +0.19 |
| FDS Factset Research Systems Inc. | New | 0.18% | +0.18 |
| MIDD Middleby Corp. | New | 0.18% | +0.18 |
| BDX Becton Dickinson and Co. | New | 0.17% | +0.17 |
| NKE Nike Inc. Class B | New | 0.14% | +0.14 |
| CL Colgate-Palmolive Co. | New | 0.12% | +0.12 |
| FSLR First Solar Inc. | New | 0.11% | +0.11 |
| ENPH Enphase Energy Inc. | New | 0.11% | +0.11 |
| CNI Canadian Natl Railway Co. | Add +670.6% | 0.12% | +0.10 |
| RBA RB Global Inc. | Add +11.5% | 1.46% | +0.09 |
| FISV Fiserv Inc. | Add +9.6% | 0.67% | +0.06 |
| VLUTF Volution Group PLC | New | 0.03% | +0.03 |
| CNQ Canadian Natural Resources | Add +6.4% | 0.60% | +0.02 |
| HAL Halliburton Co. | New | 0.02% | +0.02 |
| GDXJ Vaneck Junior Gold Miners | Add +66.8% | 0.05% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 110 | $8.1B | CNI, SLB, TSM, GOOGL, QSR |
| Q1 2026 | 112 | $7.3B | CNI, TSM, QSR, GOOGL, SLB |
| Q4 2025 | 103 | $7.4B | TSM, GOOGL, CNI, WFC, MSFT |
| Q3 2025 | 105 | $7.0B | TSM, GOOGL, MSFT, CNI, WFC |
| Q2 2025 | 105 | $7.0B | TSM, MSFT, CNI, WFC, GOOGL |
| Q1 2025 | 100 | $6.2B | UNH, TSM, CNI, AZO, MSFT |
| Q4 2024 | 97 | $6.1B | TSM, GOOGL, MSFT, DEO, UNH |
| Q3 2024 | 88 | $4.2B | UNH, AXP, ELV, AEM, WFC |
| Q2 2024 | 93 | $5.4B | MSFT, DGEAF, TSM, AXP, GOOGL |
| Q1 2024Amended | 102 | $6.1B | MSFT, UNH, DGEAF, TSM, AXP |