Cardinal Point Capital Management ULC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), Cardinal Point Capital Management ULC reported 84 stock positions worth $629.9 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 24.4% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 11.3%) and Vanguard Intermediate-Term T (VGIT, 8.1%). Compared with Q3 2024, it opened 10 new positions, sold out of 9, added to 46 and reduced 14. The biggest buy was iShares Treasury Floating Ra (TFLO, shares +146%) and the biggest sale an exit from Liberty Energy (LBRT).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001950841
- Portfolio Value
- $629.9M (Q4 2024)
- SEC Filing
- 0001085146-25-000157 ↗ filed Jan 14, 2025
Holdings Value
Holdings 84 stocks · $629.9M
| VTI VG Morningstar TS MKT ETF-US | 24.35% | 529,217 | $153.4M | Add +5.5% |
| USFR Wisdomtree Floating Rate Tre | 11.27% | 1,411,245 | $71.0M | Add +3.6% |
| VGIT Vanguard Intermediate-Term T | 8.05% | 874,547 | $50.7M | Add +3.2% |
| LRGF iShares US Equity Factor ETF | 6.47% | 675,164 | $40.7M | Add +6.7% |
| VEU Vanguard Ftse All-World Ex-U | 5.86% | 642,829 | $36.9M | Add +6.8% |
| MUB iShares National Muni Bond E | 5.30% | 313,585 | $33.4M | Add +9.8% |
| DFAX Dimensional World Ex US Core | 4.86% | 1,232,560 | $30.6M | Add +8.9% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 4.42% | 1,063,256 | $27.8M | Add +2.5% |
| DFAC Dimensional US Core Equity 2 | 4.17% | 760,192 | $26.3M | Add +6.3% |
| PYLD PIMCO Multisector Bond Actv | 3.53% | 852,885 | $22.2M | Add +3.9% |
| IAU iShares Gold Trust | 3.21% | 408,083 | $20.2M | Reduce -11.0% |
| IHDG Wisdomtree International Hed | 2.69% | 388,586 | $16.9M | Add +11.2% |
| AAPL Apple Inc. | 1.39% | 35,031 | $8.8M | Add +22.1% |
| TFLO iShares Treasury Floating Ra | 1.32% | 164,759 | $8.3M | Add +146.1% |
| FTLS First Trust Long/Short Eqty | 1.31% | 125,184 | $8.2M | Add +4.2% |
| DFSU Dimensional US Sus CORE1 ETF | 1.07% | 177,130 | $6.7M | Add +3.7% |
| TSLA Tesla Inc. | 1.00% | 15,536 | $6.3M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 13,346 | $6.0M | Reduce -1.6% |
| VGT Vanguard Info Tech ETF | 0.65% | 6,621 | $4.1M | Add +448.1% |
| GOOG Alphabet Inc. Class C | 0.45% | 14,762 | $2.8M | Add +52.1% |
| AMZN Amazon.com Inc. | 0.39% | 11,116 | $2.4M | Add +88.0% |
| NVDA Nvidia Corp. | 0.37% | 17,220 | $2.3M | Add +154.0% |
| VOO Vanguard S&P 500 ETF | 0.36% | 4,223 | $2.3M | Add +2.0% |
| DFSI Dimensional Int Sus COR1 ETF | 0.36% | 68,590 | $2.3M | Add +2.9% |
| MSFT Microsoft Corp. | 0.35% | 5,256 | $2.2M | Add +113.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.32% | 3,902 | $2.0M | Add +0.5% |
| EAOR iShares ESG Aware 60/40 Bala | 0.26% | 52,380 | $1.6M | Add +7.5% |
| SUSB iShares ESG Aware 1-5 Year U | 0.23% | 57,633 | $1.4M | Add +9.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.22% | 2 | $1.4M | No change |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.21% | 6,865 | $1.3M | Add +3.5% |
| PJUN Innovator U.S. Equity Power | 0.21% | 35,240 | $1.3M | No change |
| PJUL Innovator U.S. Equity Power | 0.20% | 30,355 | $1.2M | Reduce -8.0% |
| EAOA iShares ESG Aware 80/20 Aggr | 0.20% | 34,800 | $1.2M | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.17% | 10,200 | $1.1M | New |
| BOND PIMCO Active Bond Exchange-T | 0.17% | 11,640 | $1.1M | Reduce -30.5% |
| V Visa Inc. Class A | 0.16% | 3,190 | $1.0M | Add +126.9% |
| GOOGL Alphabet Inc. Class A | 0.14% | 4,704 | $890K | Add +7.7% |
| EAGG iShares ESG Aware US Aggrega | 0.13% | 18,065 | $839K | Add +10.9% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.13% | 25,080 | $831K | Add +0.6% |
| PAUG Innovator U.S. Equity Power | 0.13% | 21,470 | $827K | No change |
| GLD SPDR Gold Shares | 0.13% | 3,298 | $799K | Add +30.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.12% | 1,303 | $766K | Add +0.3% |
| AVUV Avantis US Small Cap Value | 0.12% | 7,651 | $739K | Add +121.1% |
| DGRO iShares Core Dividend Growth | 0.11% | 11,679 | $716K | Reduce -0.4% |
| IAPR Innovator International Deve | 0.11% | 26,550 | $709K | Reduce -7.7% |
| META Meta Platforms Inc. Class A | 0.11% | 1,202 | $704K | Add +98.0% |
| PJAN Innovator U.S. Equity Power | 0.11% | 15,940 | $673K | No change |
| MSI Motorola Solutions Inc. | 0.11% | 1,446 | $670K | Reduce -23.1% |
| IVV iShares Core S&P 500 ETF | 0.09% | 997 | $587K | Add +9.3% |
| AOR iShares Core 60/40 Balanced | 0.09% | 9,961 | $571K | No change |
| PFEB Innovator U.S. Equity Power | 0.09% | 15,490 | $570K | No change |
| VNQ Vanguard Real Estate ETF | 0.08% | 5,578 | $497K | Reduce -18.8% |
| ICLN iShares Global Clean Energy | 0.08% | 43,515 | $495K | Add +4.1% |
| NOW ServiceNow Inc. | 0.07% | 442 | $469K | Reduce -8.1% |
| WM Waste Management Inc. | 0.07% | 2,302 | $465K | Add +6.0% |
| ECL Ecolab Inc. | 0.07% | 1,887 | $443K | Add +1.3% |
| BGRN iShares Usd Green Bond ETF | 0.07% | 9,504 | $443K | Add +7.5% |
| CL Colgate-Palmolive Co. | 0.07% | 4,720 | $429K | Add +1.5% |
| VYM Vanguard High DVD Yield ETF | 0.07% | 3,297 | $421K | No change |
| NFLX Netflix Inc. | 0.06% | 451 | $402K | New |
| MCK McKesson Corp. | 0.06% | 701 | $400K | Reduce -13.7% |
| PSEP Innovator U.S. Equity Power | 0.06% | 10,190 | $398K | Reduce -21.6% |
| IWF iShares Russell 1000 Growth | 0.06% | 949 | $381K | Add +2.8% |
| XLV SS Health Care Select Sector | 0.06% | 2,755 | $379K | New |
| XLE SS Energy Select Sector | 0.06% | 4,386 | $376K | New |
| FBND Fidelity Total Bond ETF | 0.06% | 8,315 | $375K | No change |
| MS Morgan Stanley | 0.05% | 2,697 | $339K | Add +3.5% |
| XLK SS Technology Select Sector | 0.05% | 1,456 | $339K | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.05% | 2,900 | $319K | Reduce -38.4% |
| IWB iShares Russell 1000 ETF | 0.05% | 979 | $315K | No change |
| LLY Eli Lilly & Co. | 0.05% | 405 | $313K | Add +0.5% |
| COST Costco Wholesale Corp. | 0.05% | 338 | $310K | Add +27.6% |
| FISV Fiserv Inc. | 0.04% | 1,255 | $258K | New |
| PNOV Innovator U.S. Equity Power | 0.04% | 6,770 | $256K | Reduce -56.2% |
| POCT Innovator U.S. Equity Power | 0.04% | 6,300 | $249K | New |
| DXCM Dexcom Inc. | 0.04% | 3,200 | $249K | New |
| QUAL iShares MSCI USA Quality Fac | 0.04% | 1,397 | $249K | No change |
| GE General Electric filed as GE AEROSPACE | 0.04% | 1,463 | $244K | Add +16.0% |
| LUV Southwest Airlines Co. | 0.04% | 7,200 | $243K | New |
| KAPR Innovator U.S. Small Cap Pow | 0.04% | 7,360 | $241K | No change |
| WTMF Wisdomtree MGD Futures Strat | 0.04% | 6,760 | $236K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.04% | 3,285 | $231K | Add +1.7% |
| LULU Lululemon Athletica Inc. | 0.04% | 600 | $229K | New |
| PMAY Innovator U.S. Equity Power | 0.03% | 5,600 | $201K | New |
Portfolio Sells Q3 2024 → Q4 2024
| LBRT Liberty Energy Inc. | Sold out | 0.00% | −1.27 |
| IAU iShares Gold Trust | Reduce -11.0% | 3.21% | −0.59 |
| BOND PIMCO Active Bond Exchange-T | Reduce -30.5% | 0.17% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.96% | −0.08 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.08 |
| PNOV Innovator U.S. Equity Power | Reduce -56.2% | 0.04% | −0.05 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.05 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -38.4% | 0.05% | −0.04 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.04 |
| EZU iShares MSCI Eurozone ETF | Sold out | 0.00% | −0.04 |
| ACWX iShares MSCI Acwi Ex US ETF | Sold out | 0.00% | −0.04 |
| MSI Motorola Solutions Inc. | Reduce -23.1% | 0.11% | −0.03 |
| AOM iShares Core 40/60 Moderate | Sold out | 0.00% | −0.03 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -18.8% | 0.08% | −0.03 |
| IJAN Innovator International Deve | Sold out | 0.00% | −0.03 |
| PJUL Innovator U.S. Equity Power | Reduce -8.0% | 0.20% | −0.02 |
| IAPR Innovator International Deve | Reduce -7.7% | 0.11% | −0.02 |
| PSEP Innovator U.S. Equity Power | Reduce -21.6% | 0.06% | −0.02 |
| DGRO iShares Core Dividend Growth | Reduce -0.4% | 0.11% | −0.01 |
| MCK McKesson Corp. | Reduce -13.7% | 0.06% | −0.00 |
| NOW ServiceNow Inc. | Reduce -8.1% | 0.07% | +0.00 |
| TSLA Tesla Inc. | Reduce -0.6% | 1.00% | +0.31 |
Portfolio Buys Q3 2024 → Q4 2024
| TFLO iShares Treasury Floating Ra | Add +146.1% | 1.32% | +0.76 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.5% | 24.35% | +0.59 |
| VGT Vanguard Info Tech ETF | Add +448.1% | 0.65% | +0.54 |
| AAPL Apple Inc. | Add +22.1% | 1.39% | +0.28 |
| LRGF iShares US Equity Factor ETF | Add +6.7% | 6.47% | +0.27 |
| NVDA Nvidia Corp. | Add +154.0% | 0.37% | +0.23 |
| AMZN Amazon.com Inc. | Add +88.0% | 0.39% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +52.1% | 0.45% | +0.18 |
| MSFT Microsoft Corp. | Add +113.7% | 0.35% | +0.18 |
| IRM Iron Mountain Inc. | New | 0.17% | +0.17 |
| MUB iShares National Muni Bond E | Add +9.8% | 5.30% | +0.14 |
| V Visa Inc. Class A | Add +126.9% | 0.16% | +0.10 |
| DFAC Dimensional US Core Equity 2 | Add +6.3% | 4.17% | +0.09 |
| NFLX Netflix Inc. | New | 0.06% | +0.06 |
| AVUV Avantis US Small Cap Value | Add +121.1% | 0.12% | +0.06 |
| XLV SS Health Care Select Sector | New | 0.06% | +0.06 |
| XLE SS Energy Select Sector | New | 0.06% | +0.06 |
| META Meta Platforms Inc. Class A | Add +98.0% | 0.11% | +0.05 |
| FISV Fiserv Inc. | New | 0.04% | +0.04 |
| POCT Innovator U.S. Equity Power | New | 0.04% | +0.04 |
| DXCM Dexcom Inc. | New | 0.04% | +0.04 |
| LUV Southwest Airlines Co. | New | 0.04% | +0.04 |
| FTLS First Trust Long/Short Eqty | Add +4.2% | 1.31% | +0.04 |
| LULU Lululemon Athletica Inc. | New | 0.04% | +0.04 |
| PMAY Innovator U.S. Equity Power | New | 0.03% | +0.03 |
| IHDG Wisdomtree International Hed | Add +11.2% | 2.69% | +0.03 |
| GLD SPDR Gold Shares | Add +30.5% | 0.13% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +7.7% | 0.14% | +0.02 |
| COST Costco Wholesale Corp. | Add +27.6% | 0.05% | +0.01 |
| MS Morgan Stanley | Add +3.5% | 0.05% | +0.01 |
| DFSU Dimensional US Sus CORE1 ETF | Add +3.7% | 1.07% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +9.3% | 0.09% | +0.01 |
| SUSB iShares ESG Aware 1-5 Year U | Add +9.6% | 0.23% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +2.8% | 0.06% | +0.00 |
| EAGG iShares ESG Aware US Aggrega | Add +10.9% | 0.13% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.32% | +0.00 |
| GE General Electric | Add +16.0% | 0.04% | −0.00 |
| BGRN iShares Usd Green Bond ETF | Add +7.5% | 0.07% | −0.00 |
| WM Waste Management Inc. | Add +6.0% | 0.07% | −0.00 |
| EAOR iShares ESG Aware 60/40 Bala | Add +7.5% | 0.26% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.12% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +2.0% | 0.36% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.7% | 0.04% | −0.01 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +3.5% | 0.21% | −0.01 |
| ECL Ecolab Inc. | Add +1.3% | 0.07% | −0.01 |
| LLY Eli Lilly & Co. | Add +0.5% | 0.05% | −0.01 |
| CL Colgate-Palmolive Co. | Add +1.5% | 0.07% | −0.01 |
| DFSE Dimensional Em Sus CORE1 ETF | Add +0.6% | 0.13% | −0.02 |
| ICLN iShares Global Clean Energy | Add +4.1% | 0.08% | −0.02 |
| DFSI Dimensional Int Sus COR1 ETF | Add +2.9% | 0.36% | −0.04 |
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 |