Cardinal Point Capital Management ULC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 8, 2024), Cardinal Point Capital Management ULC reported 83 stock positions worth $599.9 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 23.8% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 11.4%) and Vanguard Intermediate-Term T (VGIT, 8.5%). Compared with Q2 2024, it opened 14 new positions, sold out of 4, added to 29 and reduced 19. The biggest buy was PIMCO Multisector Bond Actv (PYLD, shares +912%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −98%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001950841
Portfolio Value
$599.9M (Q3 2024)
SEC Filing
0001085146-24-004697 ↗ filed Oct 8, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $525.6M Q1 2024 Q2 2024: $574.8M Q2 2024 Q3 2024: $599.9M $599.9M Q3 2024 Q4 2024: $629.9M Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 83 stocks · $599.9M
VTI VG Morningstar TS MKT ETF-US 23.76% 501,829 $142.5M Add +1.6%
USFR Wisdomtree Floating Rate Tre 11.41% 1,362,749 $68.4M Reduce -4.1%
VGIT Vanguard Intermediate-Term T 8.53% 847,275 $51.2M Add +14.0%
VEU Vanguard Ftse All-World Ex-U 6.32% 602,054 $37.9M Add +0.1%
LRGF iShares US Equity Factor ETF 6.20% 632,786 $37.2M Add +3.4%
MUB iShares National Muni Bond E 5.17% 285,471 $31.0M Add +5.3%
DFAX Dimensional World Ex US Core 5.10% 1,132,103 $30.6M Add +3.4%
DBMF Imgp Dbi MFT STR ETF-Usd Inc. 4.87% 1,037,835 $29.2M Add +3.0%
DFAC Dimensional US Core Equity 2 4.09% 715,013 $24.5M Add +8.9%
IAU iShares Gold Trust 3.80% 458,445 $22.8M Add +0.9%
PYLD PIMCO Multisector Bond Actv 3.65% 821,095 $21.9M Add +912.3%
IHDG Wisdomtree International Hed 2.66% 349,549 $16.0M Add +3.9%
LBRT Liberty Energy Inc. 1.27% 400,000 $7.6M New
FTLS First Trust Long/Short Eqty 1.27% 120,174 $7.6M Add +23.6%
AAPL Apple Inc. 1.11% 28,702 $6.7M Add +0.9%
DFSU Dimensional US Sus CORE1 ETF 1.06% 170,810 $6.4M Add +7.4%
BRK.B Berkshire Hathaway Inc. Class B 1.04% 13,556 $6.2M Add +10.0%
TSLA Tesla Inc. 0.68% 15,628 $4.1M Reduce -4.0%
TFLO iShares Treasury Floating Ra 0.56% 66,961 $3.4M Reduce -23.0%
DFSI Dimensional Int Sus COR1 ETF 0.40% 66,650 $2.4M Add +4.5%
VOO Vanguard S&P 500 ETF 0.37% 4,139 $2.2M Reduce -3.8%
QQQ Invesco QQQ Trust Series 1 0.32% 3,882 $1.9M Reduce -8.8%
GOOG Alphabet Inc. Class C 0.27% 9,707 $1.6M Add +12.0%
BOND PIMCO Active Bond Exchange-T 0.26% 16,745 $1.6M Reduce -89.9%
EAOR iShares ESG Aware 60/40 Bala 0.26% 48,740 $1.6M Reduce -14.6%
BRK.A Berkshire Hathaway Inc. Class A 0.23% 2 $1.4M No change
PJUL Innovator U.S. Equity Power 0.22% 32,995 $1.3M Add +22.6%
SUSB iShares ESG Aware 1-5 Year U 0.22% 52,583 $1.3M Add +3.8%
CRBN Ish Low Car Opt Ms Ac ETF-US 0.22% 6,635 $1.3M No change
PJUN Innovator U.S. Equity Power 0.22% 35,240 $1.3M No change
EAOA iShares ESG Aware 80/20 Aggr 0.21% 34,800 $1.3M Reduce -17.9%
AMZN Amazon.com Inc. 0.18% 5,913 $1.1M Add +73.9%
MSFT Microsoft Corp. 0.18% 2,460 $1.1M Add +78.8%
DFSE Dimensional Em Sus CORE1 ETF 0.15% 24,920 $883K Reduce -9.6%
MSI Motorola Solutions Inc. 0.14% 1,880 $847K No change
NVDA Nvidia Corp. 0.14% 6,780 $823K Add +62.2%
IAPR Innovator International Deve 0.14% 28,750 $817K No change
PAUG Innovator U.S. Equity Power 0.14% 21,470 $813K Add +15.6%
EAGG iShares ESG Aware US Aggrega 0.13% 16,285 $791K Add +19.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 1,299 $748K Reduce -40.0%
DGRO iShares Core Dividend Growth 0.12% 11,722 $735K Add +0.1%
GOOGL Alphabet Inc. Class A 0.12% 4,367 $724K Add +139.4%
VGT Vanguard Info Tech ETF 0.12% 1,208 $710K Add +28.8%
VNQ Vanguard Real Estate ETF 0.11% 6,871 $675K No change
PJAN Innovator U.S. Equity Power 0.11% 15,940 $659K No change
GLD SPDR Gold Shares 0.10% 2,528 $614K No change
ICLN iShares Global Clean Energy 0.10% 41,805 $614K Reduce -1.4%
AOR iShares Core 60/40 Balanced 0.10% 9,961 $590K Add +0.6%
PNOV Innovator U.S. Equity Power 0.10% 15,460 $571K No change
PFEB Innovator U.S. Equity Power 0.09% 15,490 $558K No change
IVV iShares Core S&P 500 ETF 0.09% 912 $526K New
SHV iShares 0-1 Year Treasury Bo 0.09% 4,710 $521K Reduce -98.1%
PSEP Innovator U.S. Equity Power 0.08% 13,000 $501K Reduce -6.8%
CL Colgate-Palmolive Co. 0.08% 4,650 $483K No change
ECL Ecolab Inc. 0.08% 1,863 $477K Reduce -24.4%
SGOV iShares 0-3 Month Treasury B 0.08% 4,540 $457K No change
WM Waste Management Inc. 0.08% 2,172 $451K New
NOW ServiceNow Inc. 0.07% 481 $430K New
BGRN iShares Usd Green Bond ETF 0.07% 8,844 $428K Add +1.3%
VYM Vanguard High DVD Yield ETF 0.07% 3,297 $423K New
MCK McKesson Corp. 0.07% 812 $402K No change
FBND Fidelity Total Bond ETF 0.07% 8,315 $390K Reduce -82.4%
V Visa Inc. Class A 0.06% 1,406 $387K New
LLY Eli Lilly & Co. 0.06% 403 $357K No change
META Meta Platforms Inc. Class A 0.06% 607 $347K New
IWF iShares Russell 1000 Growth 0.06% 923 $346K No change
AVUV Avantis US Small Cap Value 0.06% 3,461 $332K Reduce -10.2%
XLK SS Technology Select Sector 0.05% 1,456 $329K No change
VEA Vanguard Ftse Developed ETF 0.05% 5,954 $314K Reduce -27.0%
IWB iShares Russell 1000 ETF 0.05% 979 $308K No change
MS Morgan Stanley 0.05% 2,607 $272K New
IEFA iShares Core MSCI Eafe ETF 0.04% 3,230 $252K No change
QUAL iShares MSCI USA Quality Fac 0.04% 1,397 $250K No change
WTMF Wisdomtree MGD Futures Strat 0.04% 6,760 $240K No change
KAPR Innovator U.S. Small Cap Pow 0.04% 7,360 $239K No change
GE General Electric filed as GE AEROSPACE 0.04% 1,261 $238K New
COST Costco Wholesale Corp. 0.04% 265 $235K New
XOM Exxon Mobil Corp. 0.04% 1,846 $216K Reduce -3.6%
EZU iShares MSCI Eurozone ETF 0.04% 4,110 $215K New
ACWX iShares MSCI Acwi Ex US ETF 0.04% 3,732 $214K New
AOM iShares Core 40/60 Moderate 0.03% 4,479 $202K Reduce -8.0%
AMD Advanced Micro Devices 0.03% 1,228 $201K New
IJAN Innovator International Deve 0.03% 6,100 $201K New

Portfolio Sells Q2 2024 → Q3 2024
SHV iShares 0-1 Year Treasury Bo Reduce -98.1% 0.09% −4.76
BOND PIMCO Active Bond Exchange-T Reduce -89.9% 0.26% −2.35
USFR Wisdomtree Floating Rate Tre Reduce -4.1% 11.41% −1.03
FBND Fidelity Total Bond ETF Reduce -82.4% 0.07% −0.31
TFLO iShares Treasury Floating Ra Reduce -23.0% 0.56% −0.20
VT Vanguard Tot World STK ETF Sold out 0.00% −0.12
SPY SS SPDR S&P 500 ETF Trust-US Reduce -40.0% 0.12% −0.08
VUSB Vanguard Ultra Short Bond Et Sold out 0.00% −0.06
EAOA iShares ESG Aware 80/20 Aggr Reduce -17.9% 0.21% −0.04
EAOR iShares ESG Aware 60/40 Bala Reduce -14.6% 0.26% −0.04
AOA iShares Core 80/20 Aggressiv Sold out 0.00% −0.04
QQQ Invesco QQQ Trust Series 1 Reduce -8.8% 0.32% −0.04
PDEC Innovator U.S. Equity Power Sold out 0.00% −0.04
ECL Ecolab Inc. Reduce -24.4% 0.08% −0.02
VEA Vanguard Ftse Developed ETF Reduce -27.0% 0.05% −0.02
DFSE Dimensional Em Sus CORE1 ETF Reduce -9.6% 0.15% −0.01
VOO Vanguard S&P 500 ETF Reduce -3.8% 0.37% −0.01
PSEP Innovator U.S. Equity Power Reduce -6.8% 0.08% −0.01
AVUV Avantis US Small Cap Value Reduce -10.2% 0.06% −0.00
AOM iShares Core 40/60 Moderate Reduce -8.0% 0.03% −0.00
XOM Exxon Mobil Corp. Reduce -3.6% 0.04% −0.00
ICLN iShares Global Clean Energy Reduce -1.4% 0.10% +0.00
TSLA Tesla Inc. Reduce -4.0% 0.68% +0.12

Portfolio Buys Q2 2024 → Q3 2024
PYLD PIMCO Multisector Bond Actv Add +912.3% 3.65% +3.29
LBRT Liberty Energy Inc. New 1.27% +1.27
VGIT Vanguard Intermediate-Term T Add +14.0% 8.53% +1.00
VTI VG Morningstar TS MKT ETF-US Add +1.6% 23.76% +0.68
DFAC Dimensional US Core Equity 2 Add +8.9% 4.09% +0.40
IAU iShares Gold Trust Add +0.9% 3.80% +0.32
LRGF iShares US Equity Factor ETF Add +3.4% 6.20% +0.27
DFAX Dimensional World Ex US Core Add +3.4% 5.10% +0.25
FTLS First Trust Long/Short Eqty Add +23.6% 1.27% +0.21
VEU Vanguard Ftse All-World Ex-U Add +0.1% 6.32% +0.19
BRK.B Berkshire Hathaway Inc. Class B Add +10.0% 1.04% +0.17
MUB iShares National Muni Bond E Add +5.3% 5.17% +0.14
DFSU Dimensional US Sus CORE1 ETF Add +7.4% 1.06% +0.09
IVV iShares Core S&P 500 ETF New 0.09% +0.09
WM Waste Management Inc. New 0.08% +0.08
AAPL Apple Inc. Add +0.9% 1.11% +0.07
NOW ServiceNow Inc. New 0.07% +0.07
VYM Vanguard High DVD Yield ETF New 0.07% +0.07
MSFT Microsoft Corp. Add +78.8% 0.18% +0.07
AMZN Amazon.com Inc. Add +73.9% 0.18% +0.07
V Visa Inc. Class A New 0.06% +0.06
GOOGL Alphabet Inc. Class A Add +139.4% 0.12% +0.06
META Meta Platforms Inc. Class A New 0.06% +0.06
NVDA Nvidia Corp. Add +62.2% 0.14% +0.05
MS Morgan Stanley New 0.05% +0.05
PJUL Innovator U.S. Equity Power Add +22.6% 0.22% +0.04
GE General Electric New 0.04% +0.04
COST Costco Wholesale Corp. New 0.04% +0.04
EZU iShares MSCI Eurozone ETF New 0.04% +0.04
ACWX iShares MSCI Acwi Ex US ETF New 0.04% +0.04
AMD Advanced Micro Devices New 0.03% +0.03
IJAN Innovator International Deve New 0.03% +0.03
DFSI Dimensional Int Sus COR1 ETF Add +4.5% 0.40% +0.03
VGT Vanguard Info Tech ETF Add +28.8% 0.12% +0.02
EAGG iShares ESG Aware US Aggrega Add +19.4% 0.13% +0.02
PAUG Innovator U.S. Equity Power Add +15.6% 0.14% +0.02
DGRO iShares Core Dividend Growth Add +0.1% 0.12% +0.01
SUSB iShares ESG Aware 1-5 Year U Add +3.8% 0.22% +0.00
AOR iShares Core 60/40 Balanced Add +0.6% 0.10% +0.00
BGRN iShares Usd Green Bond ETF Add +1.3% 0.07% +0.00
GOOG Alphabet Inc. Class C Add +12.0% 0.27% −0.01
IHDG Wisdomtree International Hed Add +3.9% 2.66% −0.01
DBMF Imgp Dbi MFT STR ETF-Usd Inc. Add +3.0% 4.87% −0.40

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 294$1.8BVTI, VEU, DFAX, USFR, VGIT
Q1 2026 286$1.6BVTI, USFR, VEU, VGIT, DFAX
Q4 2025 260$1.5BVTI, AAPL, USFR, VGIT, DFAX
Q3 2025 266$1.4BVTI, USFR, AAPL, VGIT, DFAX
Q2 2025 242$1.3BVTI, USFR, VGIT, DFAX, AAPL
Q1 2025 179$1.1BVTI, USFR, VGIT, AAPL, VEU
Q4 2024 84$629.9MVTI, USFR, VGIT, LRGF, VEU
Q3 2024 83$599.9MVTI, USFR, VGIT, VEU, LRGF
Q2 2024 73$574.8MVTI, USFR, VGIT, VEU, LRGF
Q1 2024 72$525.6MVTI, USFR, VGIT, VEU, LRGF