Cardinal Point Capital Management ULC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 14, 2026), Cardinal Point Capital Management ULC reported 294 stock positions worth $1.8 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 13.0% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 4.4%) and Dimensional World Ex US Core (DFAX, 4.1%). Compared with Q1 2026, it opened 25 new positions, sold out of 18, added to 116 and reduced 97. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +1%) and the biggest sale iShares Treasury Floating Ra (TFLO, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001950841
- Portfolio Value
- $1.8B (Q2 2026)
- SEC Filing
- 0001950841-26-000003 ↗ filed Jul 14, 2026
Holdings Value
Holdings 294 stocks · $1.8B
| VTI VG Morningstar TS MKT ETF-US | 12.98% | 619,030 | $229.1M | Add +1.2% |
| VEU Vanguard Ftse All-World Ex-U | 4.36% | 918,218 | $76.9M | Add +1.5% |
| DFAX Dimensional World Ex US Core | 4.10% | 1,963,742 | $72.3M | Add +0.8% |
| USFR Wisdomtree Floating Rate Tre | 4.10% | 1,436,227 | $72.3M | Reduce -2.6% |
| VGIT Vanguard Intermediate-Term T | 3.96% | 1,186,491 | $70.0M | Add +4.0% |
| AAPL Apple Inc. | 3.95% | 241,074 | $69.8M | Add +2.7% |
| LRGF iShares US Equity Factor ETF | 3.16% | 736,666 | $55.7M | Add +0.7% |
| DFAC Dimensional US Core Equity 2 | 2.61% | 1,037,411 | $46.0M | Add +0.9% |
| RY Royal Bank of Canada | 2.26% | 192,782 | $39.8M | Reduce -1.9% |
| MUB iShares National Muni Bond E | 2.24% | 368,010 | $39.6M | Add +2.4% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 2.18% | 1,257,839 | $38.5M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 2.14% | 106,673 | $37.7M | Add +5.4% |
| TD Toronto-Dominion Bank | 1.97% | 286,027 | $34.7M | Reduce -2.4% |
| PYLD PIMCO Multisector Bond Actv | 1.91% | 1,268,316 | $33.6M | Add +7.1% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 1.75% | 175,545 | $31.0M | Reduce -0.6% |
| NVDA Nvidia Corp. | 1.74% | 153,736 | $30.8M | Add +0.4% |
| MINO PIMCO Municipal Income Oppor | 1.53% | 589,978 | $27.0M | Add +0.7% |
| VBIL Vanguard 0-3M T-Bill ETF | 1.38% | 320,743 | $24.3M | Add +17.4% |
| IAU iShares Gold Trust | 1.26% | 295,330 | $22.3M | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 1.13% | 60,964 | $20.0M | Add +0.1% |
| SU Suncor Energy Inc. | 1.13% | 370,018 | $19.9M | Reduce -2.2% |
| TFLO iShares Treasury Floating Ra | 1.07% | 373,096 | $18.9M | Reduce -27.5% |
| MFC Manulife Financial Corp. | 1.07% | 465,926 | $18.9M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 1.06% | 159,168 | $18.7M | Reduce -33.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 1.05% | 214,403 | $18.6M | Reduce -0.5% |
| JNJ Johnson & Johnson | 1.05% | 72,763 | $18.5M | Reduce -1.7% |
| WMT Walmart Inc. | 1.02% | 159,441 | $18.1M | Reduce -3.0% |
| MSFT Microsoft Corp. | 1.01% | 47,939 | $17.9M | Add +1.7% |
| ENB Enbridge Inc. | 0.98% | 321,142 | $17.4M | Reduce -2.1% |
| TRP TC Energy Corp. | 0.94% | 252,072 | $16.7M | Reduce -0.3% |
| CNI Canadian Natl Railway Co. | 0.91% | 134,987 | $16.1M | Reduce -0.1% |
| SUNC Sunococorp LLC | 0.77% | 201,830 | $13.7M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.76% | 26,745 | $13.4M | Add +9.1% |
| PM Philip Morris International | 0.75% | 73,386 | $13.3M | Add +0.3% |
| NEM Newmont Corp. | 0.75% | 141,413 | $13.2M | Reduce -0.8% |
| CVS CVS Health Corp. | 0.73% | 123,764 | $12.8M | Add +0.8% |
| FTLS First Trust Long/Short Eqty | 0.64% | 153,708 | $11.3M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 0.64% | 31,484 | $11.3M | Reduce -4.7% |
| GDX Vaneck Gold Miners ETF | 0.64% | 148,581 | $11.2M | Reduce -0.8% |
| AEM Agnico Eagle Mines Ltd. | 0.62% | 70,836 | $11.0M | Add +2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.62% | 39,033 | $11.0M | Add +4.6% |
| RCI Rogers Communications Inc. Class B | 0.61% | 331,090 | $10.8M | Reduce -0.6% |
| BBUC Brookfield Business Corp. Class A | 0.60% | 354,970 | $10.6M | Add +0.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.59% | 204,989 | $10.4M | Reduce -6.9% |
| ORCL Oracle Corp. | 0.58% | 70,256 | $10.3M | Add +0.6% |
| OTEX Open Text Corp. | 0.56% | 447,449 | $9.9M | Add +0.1% |
| PEP Pepsico Inc. | 0.55% | 71,831 | $9.7M | Add +0.4% |
| CNQ Canadian Natural Resources | 0.52% | 232,108 | $9.2M | Add +0.8% |
| AMZN Amazon.com Inc. | 0.51% | 38,097 | $9.1M | Add +2.6% |
| TSLA Tesla Inc. | 0.50% | 21,033 | $8.8M | Add +1.4% |
| FDX FedEx Corp. | 0.50% | 28,152 | $8.8M | Reduce -1.9% |
| DFSU Dimensional US Sus CORE1 ETF | 0.48% | 182,564 | $8.5M | Reduce -0.1% |
| GIB Cgi Inc. | 0.45% | 124,257 | $8.0M | Add +3.6% |
| PFE Pfizer Inc. | 0.45% | 332,062 | $8.0M | Add +0.9% |
| COST Costco Wholesale Corp. | 0.44% | 8,366 | $7.8M | Add +4.2% |
| V Visa Inc. Class A | 0.43% | 22,017 | $7.6M | Reduce -0.3% |
| VGT Vanguard Info Tech ETF | 0.36% | 52,872 | $6.3M | Reduce -4.7% |
| FIX Comfort Systems USA Inc. | 0.35% | 3,149 | $6.2M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.33% | 8,447 | $5.8M | Add +5.5% |
| GLW Corning Inc. | 0.32% | 22,177 | $5.7M | Reduce -3.1% |
| VTRS Viatris Inc. | 0.30% | 329,921 | $5.2M | Add +0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 6,847 | $5.1M | Add +2.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 6,297 | $4.6M | Add +3.3% |
| CMCSA Comcast Corp. Class A | 0.25% | 183,145 | $4.5M | Add +3.0% |
| MCD McDonald's Corp. | 0.19% | 12,529 | $3.4M | Add +0.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.19% | 29,132 | $3.3M | Add +3.1% |
| DFSI Dimensional Int Sus COR1 ETF | 0.19% | 73,261 | $3.3M | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 31,552 | $3.0M | Reduce -17.7% |
| XLK SS Technology Select Sector | 0.16% | 14,737 | $2.8M | Reduce -1.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.16% | 12,584 | $2.7M | Reduce -7.6% |
| SLF Sun Life Financial Inc. | 0.15% | 34,281 | $2.7M | Add +1.6% |
| AIRR First Trust Rba American Ind | 0.15% | 19,245 | $2.6M | Add +410.5% |
| MU Micron Technology Inc. | 0.14% | 2,188 | $2.5M | Add +2.3% |
| TAC Transalta Corp. | 0.14% | 182,560 | $2.5M | Reduce -0.1% |
| PWRD TCW Transform Systems ETF | 0.14% | 20,215 | $2.5M | Add +0.0% |
| IVV iShares Core S&P 500 ETF | 0.14% | 3,289 | $2.5M | Add +113.7% |
| BAC Bank of America Corp. | 0.14% | 42,876 | $2.4M | Add +12.6% |
| META Meta Platforms Inc. Class A | 0.14% | 4,299 | $2.4M | Reduce -0.2% |
| BGSI Boyd Group Services Inc. | 0.14% | 25,505 | $2.4M | Add +26.9% |
| GEV GE Vernova Inc. | 0.13% | 1,967 | $2.3M | Add +7.8% |
| C Citigroup Inc. | 0.13% | 16,357 | $2.3M | Reduce -2.3% |
| UNH Unitedhealth Group Inc. | 0.13% | 5,473 | $2.3M | Add +9.7% |
| SUSB iShares ESG Aware 1-5 Year U | 0.13% | 91,001 | $2.3M | Add +0.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.13% | 25,788 | $2.2M | Reduce -11.7% |
| BN Brookfield Corp. | 0.13% | 52,006 | $2.2M | Reduce -0.2% |
| FDXF FedEx Freight Holding Co. | 0.12% | 14,602 | $2.2M | Add +1.7% |
| ITA iShares U.S. Aerospace & Def | 0.12% | 8,780 | $2.1M | Add +6.2% |
| ABBV Abbvie Inc. | 0.12% | 8,437 | $2.1M | Add +6.0% |
| EAOR iShares ESG Aware 60/40 Bala | 0.12% | 53,915 | $2.0M | Reduce -12.4% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.12% | 25,745 | $2.0M | Add +12.3% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.11% | 39,400 | $2.0M | Reduce -5.0% |
| CAE Cae Inc. | 0.11% | 77,661 | $1.9M | Add +40.5% |
| TU Telus Corp. | 0.11% | 178,947 | $1.9M | Add +2.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.10% | 7,612 | $1.8M | Add +1.6% |
| AGI Alamos Gold Inc. Class A | 0.10% | 60,000 | $1.8M | No change |
| EAOA iShares ESG Aware 80/20 Aggr | 0.10% | 39,025 | $1.8M | Add +16.4% |
| MGNI Magnite Inc. | 0.10% | 92,150 | $1.7M | Reduce -3.0% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.10% | 6,794 | $1.7M | Reduce -1.1% |
| IWF iShares Russell 1000 Growth | 0.09% | 13,487 | $1.7M | Add +10.7% |
| NFLX Netflix Inc. | 0.09% | 22,565 | $1.6M | Add +1.7% |
Portfolio Sells Q1 2026 → Q2 2026
| TFLO iShares Treasury Floating Ra | Reduce -27.5% | 1.07% | −0.53 |
| USFR Wisdomtree Floating Rate Tre | Reduce -2.6% | 4.10% | −0.45 |
| SU Suncor Energy Inc. | Reduce -2.2% | 1.13% | −0.41 |
| IAU iShares Gold Trust | Reduce -2.7% | 1.26% | −0.38 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.27 |
| WMT Walmart Inc. | Reduce -3.0% | 1.02% | −0.23 |
| GDX Vaneck Gold Miners ETF | Reduce -0.8% | 0.64% | −0.21 |
| NEM Newmont Corp. | Reduce -0.8% | 0.75% | −0.20 |
| RCI Rogers Communications Inc. Class B | Reduce -0.6% | 0.61% | −0.17 |
| FDX FedEx Corp. | Reduce -1.9% | 0.50% | −0.13 |
| ENB Enbridge Inc. | Reduce -2.1% | 0.98% | −0.10 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -6.9% | 0.59% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -33.0% | 1.06% | −0.07 |
| JNJ Johnson & Johnson | Reduce -1.7% | 1.05% | −0.06 |
| NKE Nike Inc. Class B | Reduce -25.2% | 0.07% | −0.06 |
| DIS The Walt Disney Co. | Reduce -17.7% | 0.17% | −0.05 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.05 |
| EQX Equinox Gold Corp. | Reduce -8.6% | 0.05% | −0.04 |
| PUBM Pubmatic Inc. Class A | Sold out | 0.00% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -4.0% | 0.08% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -29.0% | 0.05% | −0.03 |
| AVUS Avantis U.S. Equity ETF | Sold out | 0.00% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.7% | 0.09% | −0.03 |
| TRP TC Energy Corp. | Reduce -0.3% | 0.94% | −0.02 |
| HRI Herc Holdings Inc. | Sold out | 0.00% | −0.02 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.02 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.02 |
| GE General Electric | Sold out | 0.00% | −0.02 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.02 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -26.2% | 0.04% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -3.0% | 0.07% | −0.02 |
| T AT&T Inc. | Sold out | 0.00% | −0.02 |
| FBND Fidelity Total Bond ETF | Sold out | 0.00% | −0.02 |
| EAOR iShares ESG Aware 60/40 Bala | Reduce -12.4% | 0.12% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -37.5% | 0.02% | −0.01 |
| AZN Astrazeneca PLC | Sold out | 0.00% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.01 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.14% | −0.01 |
| BIP Brookfield Infrastructure Pa | Reduce -12.4% | 0.06% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -14.3% | 0.08% | −0.01 |
| BOND PIMCO Active Bond Exchange-T | Sold out | 0.00% | −0.01 |
| TTE Totalenergies SE | Sold out | 0.00% | −0.01 |
| PAAS Pan American Silver Corp. | Reduce -11.8% | 0.02% | −0.01 |
| ARIS Aris Mining Corp. | Reduce -5.8% | 0.03% | −0.01 |
| ABT Abbott Laboratories | Reduce -28.3% | 0.01% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Reduce -42.0% | 0.01% | −0.01 |
| BTG B2GOLD Corp. | Reduce -6.5% | 0.02% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| VTI VG Morningstar TS MKT ETF-US | Add +1.2% | 12.98% | +0.94 |
| GOOG Alphabet Inc. Class C | Add +5.4% | 2.14% | +0.36 |
| AAPL Apple Inc. | Add +2.7% | 3.95% | +0.30 |
| LRGF iShares US Equity Factor ETF | Add +0.7% | 3.16% | +0.20 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.5% | 4.36% | +0.19 |
| CVS CVS Health Corp. | Add +0.8% | 0.73% | +0.18 |
| DFAC Dimensional US Core Equity 2 | Add +0.9% | 2.61% | +0.16 |
| AIRR First Trust Rba American Ind | Add +410.5% | 0.15% | +0.12 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +17.4% | 1.38% | +0.11 |
| NVDA Nvidia Corp. | Add +0.4% | 1.74% | +0.11 |
| MU Micron Technology Inc. | Add +2.3% | 0.14% | +0.10 |
| FIX Comfort Systems USA Inc. | Add +0.1% | 0.35% | +0.09 |
| IVV iShares Core S&P 500 ETF | Add +113.7% | 0.14% | +0.08 |
| IBM Intl Business Machines Corp. | Add +4.6% | 0.62% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.3% | 0.26% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +9.7% | 0.13% | +0.05 |
| AMZN Amazon.com Inc. | Add +2.6% | 0.51% | +0.04 |
| DFAX Dimensional World Ex US Core | Add +0.8% | 4.10% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.1% | 0.76% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +5.5% | 0.33% | +0.04 |
| GEV GE Vernova Inc. | Add +7.8% | 0.13% | +0.03 |
| SHOP Shopify Inc. Class A | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 1.13% | +0.03 |
| AMD Advanced Micro Devices | New | 0.03% | +0.03 |
| BMM Blue Moon Metals Inc. | New | 0.03% | +0.03 |
| MSCI MSCI Inc. | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +1.4% | 0.50% | +0.03 |
| CLS Celestica Inc. | New | 0.03% | +0.03 |
| CM Can Imperial BK of Commerce | Add +3.1% | 0.19% | +0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.03% | +0.03 |
| AIOT Powerfleet Inc. | Add +71.8% | 0.05% | +0.03 |
| BAC Bank of America Corp. | Add +12.6% | 0.14% | +0.02 |
| VTRS Viatris Inc. | Add +0.4% | 0.30% | +0.02 |
| KO The Coca-Cola Co. | New | 0.02% | +0.02 |
| INTC Intel Corp. | New | 0.02% | +0.02 |
| SCHK Schwab 1000 Index ETF | New | 0.02% | +0.02 |
| SLF Sun Life Financial Inc. | Add +1.6% | 0.15% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.3% | 0.29% | +0.02 |
| CAE Cae Inc. | Add +40.5% | 0.11% | +0.02 |
| MS Morgan Stanley | Add +46.2% | 0.05% | +0.02 |
| PWRD TCW Transform Systems ETF | Add +0.0% | 0.14% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| FLEX Flex Ltd. | New | 0.02% | +0.02 |
| EAOA iShares ESG Aware 80/20 Aggr | Add +16.4% | 0.10% | +0.02 |
| GFL GFL Environmental Inc.-Sub VT | New | 0.02% | +0.02 |
| PAVE Global X US Infrastructure | New | 0.02% | +0.02 |
| FIVN FIVE9 Inc. | Add +5.7% | 0.06% | +0.02 |
| UL Unilever PLC-Sponsored ADR | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +7.1% | 0.07% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +10.7% | 0.09% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 294 | $1.8B | VTI, VEU, DFAX, USFR, VGIT |
| Q1 2026 | 286 | $1.6B | VTI, USFR, VEU, VGIT, DFAX |
| Q4 2025 | 260 | $1.5B | VTI, AAPL, USFR, VGIT, DFAX |
| Q3 2025 | 266 | $1.4B | VTI, USFR, AAPL, VGIT, DFAX |
| Q2 2025 | 242 | $1.3B | VTI, USFR, VGIT, DFAX, AAPL |
| Q1 2025 | 179 | $1.1B | VTI, USFR, VGIT, AAPL, VEU |
| Q4 2024 | 84 | $629.9M | VTI, USFR, VGIT, LRGF, VEU |
| Q3 2024 | 83 | $599.9M | VTI, USFR, VGIT, VEU, LRGF |
| Q2 2024 | 73 | $574.8M | VTI, USFR, VGIT, VEU, LRGF |
| Q1 2024 | 72 | $525.6M | VTI, USFR, VGIT, VEU, LRGF |