Cardinal Point Capital Management ULC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Cardinal Point Capital Management ULC reported 286 stock positions worth $1.6 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 12.0% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 4.6%) and Vanguard Ftse All-World Ex-U (VEU, 4.2%). Compared with Q4 2025, it opened 47 new positions, sold out of 20, added to 107 and reduced 92. The biggest buy was a new position in Vanguard 0-3M T-Bill ETF (VBIL) and the biggest sale Apple (AAPL, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001950841
- Portfolio Value
- $1.6B (Q1 2026)
- SEC Filing
- 0001950841-26-000002 ↗ filed Apr 20, 2026
Holdings Value
Holdings 286 stocks · $1.6B
| VTI VG Morningstar TS MKT ETF-US | 12.04% | 611,956 | $196.3M | Add +5.2% |
| USFR Wisdomtree Floating Rate Tre | 4.55% | 1,474,438 | $74.2M | Add +2.6% |
| VEU Vanguard Ftse All-World Ex-U | 4.17% | 904,871 | $68.0M | Add +11.1% |
| VGIT Vanguard Intermediate-Term T | 4.16% | 1,140,442 | $67.9M | Add +4.8% |
| DFAX Dimensional World Ex US Core | 4.06% | 1,949,020 | $66.2M | Add +5.8% |
| AAPL Apple Inc. | 3.65% | 234,645 | $59.6M | Reduce -14.4% |
| LRGF iShares US Equity Factor ETF | 2.96% | 731,889 | $48.3M | Reduce -1.3% |
| DFAC Dimensional US Core Equity 2 | 2.45% | 1,027,815 | $39.9M | Add +6.0% |
| MUB iShares National Muni Bond E | 2.34% | 359,320 | $38.1M | Add +0.8% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 2.28% | 1,234,297 | $37.2M | Add +6.0% |
| RY Royal Bank of Canada | 1.94% | 196,519 | $31.7M | Reduce -0.8% |
| PYLD PIMCO Multisector Bond Actv | 1.90% | 1,183,801 | $31.0M | Add +10.1% |
| GOOG Alphabet Inc. Class C | 1.78% | 101,201 | $29.0M | Reduce -1.3% |
| TD Toronto-Dominion Bank | 1.67% | 293,001 | $27.3M | Reduce -1.3% |
| IAU iShares Gold Trust | 1.64% | 303,426 | $26.7M | Add +1.7% |
| NVDA Nvidia Corp. | 1.64% | 153,068 | $26.7M | Add +302.0% |
| MINO PIMCO Municipal Income Oppor | 1.62% | 585,778 | $26.5M | Add +5.5% |
| TFLO iShares Treasury Floating Ra | 1.60% | 514,649 | $26.1M | Add +32.3% |
| SU Suncor Energy Inc. | 1.53% | 378,476 | $25.0M | Reduce -4.3% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 1.46% | 176,674 | $23.9M | Reduce -1.0% |
| VBIL Vanguard 0-3M T-Bill ETF | 1.27% | 273,105 | $20.7M | New |
| WMT Walmart Inc. | 1.25% | 164,402 | $20.4M | Reduce -3.6% |
| CSCO Cisco Systems Inc. | 1.13% | 237,609 | $18.4M | Reduce -2.7% |
| JNJ Johnson & Johnson | 1.11% | 74,043 | $18.1M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 1.10% | 60,898 | $17.9M | Add +1.2% |
| ENB Enbridge Inc. | 1.09% | 328,162 | $17.8M | Add +0.1% |
| MSFT Microsoft Corp. | 1.07% | 47,128 | $17.4M | Add +65.3% |
| MFC Manulife Financial Corp. | 0.99% | 471,351 | $16.2M | Add +1.4% |
| TRP TC Energy Corp. | 0.97% | 252,721 | $15.8M | Reduce -0.5% |
| NEM Newmont Corp. | 0.95% | 142,570 | $15.4M | Add +1.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.91% | 215,525 | $14.9M | Reduce -2.0% |
| AEM Agnico Eagle Mines Ltd. | 0.86% | 69,101 | $14.0M | Reduce -0.4% |
| CNI Canadian Natl Railway Co. | 0.85% | 135,114 | $13.9M | Add +2.0% |
| GDX Vaneck Gold Miners ETF | 0.84% | 149,831 | $13.7M | Reduce -1.9% |
| RCI Rogers Communications Inc. Class B | 0.78% | 333,058 | $12.8M | Add +1.5% |
| SUNC Sunococorp LLC | 0.77% | 203,513 | $12.5M | Reduce -0.3% |
| PM Philip Morris International | 0.74% | 73,201 | $12.1M | Reduce -4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 24,521 | $11.8M | Reduce -7.1% |
| CNQ Canadian Natural Resources | 0.69% | 230,194 | $11.2M | Add +0.9% |
| BBUC Brookfield Business Corp. Class A | 0.68% | 353,005 | $11.1M | Reduce -25.5% |
| PEP Pepsico Inc. | 0.68% | 71,531 | $11.1M | Add +0.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.67% | 220,196 | $11.0M | New |
| FTLS First Trust Long/Short Eqty | 0.64% | 147,400 | $10.4M | Add +8.7% |
| ORCL Oracle Corp. | 0.63% | 69,848 | $10.3M | Add +0.4% |
| FDX FedEx Corp. | 0.63% | 28,707 | $10.2M | Reduce -0.5% |
| OTEX Open Text Corp. | 0.61% | 446,889 | $9.9M | Add +74.2% |
| GOOGL Alphabet Inc. Class A | 0.58% | 33,041 | $9.5M | Reduce -3.4% |
| PFE Pfizer Inc. | 0.57% | 329,107 | $9.2M | Add +1.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.55% | 37,304 | $9.0M | Add +0.8% |
| CVS CVS Health Corp. | 0.54% | 122,740 | $8.8M | Add +0.1% |
| GIB Cgi Inc. | 0.54% | 119,950 | $8.8M | Add +7.0% |
| COST Costco Wholesale Corp. | 0.49% | 8,030 | $8.0M | Add +1.9% |
| AMZN Amazon.com Inc. | 0.47% | 37,124 | $7.7M | Add +13.6% |
| TSLA Tesla Inc. | 0.47% | 20,742 | $7.7M | Add +19.6% |
| DFSU Dimensional US Sus CORE1 ETF | 0.46% | 182,814 | $7.5M | Reduce -3.9% |
| V Visa Inc. Class A | 0.41% | 22,082 | $6.7M | Reduce -2.3% |
| CMCSA Comcast Corp. Class A | 0.31% | 177,905 | $5.1M | Add +2.6% |
| VGT Vanguard Info Tech ETF | 0.30% | 6,937 | $4.8M | Add +12.2% |
| VOO Vanguard S&P 500 ETF | 0.29% | 8,010 | $4.8M | Add +89.0% |
| VTRS Viatris Inc. | 0.27% | 328,681 | $4.4M | Add +0.3% |
| KVUE Kenvue Inc. | 0.27% | 257,127 | $4.4M | Reduce -15.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 6,696 | $4.4M | Add +28.0% |
| FIX Comfort Systems USA Inc. | 0.27% | 3,145 | $4.3M | Reduce -28.5% |
| MCD McDonald's Corp. | 0.24% | 12,439 | $3.9M | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 38,337 | $3.7M | Reduce -5.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 6,095 | $3.5M | Add +13.9% |
| GLW Corning Inc. | 0.19% | 22,877 | $3.1M | Reduce -12.8% |
| DFSI Dimensional Int Sus COR1 ETF | 0.19% | 73,252 | $3.1M | Reduce -2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.16% | 13,622 | $2.7M | Add +575.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.16% | 28,249 | $2.7M | Reduce -4.1% |
| AGI Alamos Gold Inc. Class A | 0.16% | 60,000 | $2.7M | Reduce -0.1% |
| BGSI Boyd Group Services Inc. | 0.16% | 20,095 | $2.6M | Add +8.0% |
| META Meta Platforms Inc. Class A | 0.15% | 4,309 | $2.5M | Add +34.2% |
| TAC Transalta Corp. | 0.15% | 182,660 | $2.4M | Add +8.5% |
| SUSB iShares ESG Aware 1-5 Year U | 0.14% | 90,726 | $2.3M | Add +13.0% |
| TU Telus Corp. | 0.14% | 174,463 | $2.2M | Add +0.1% |
| NKE Nike Inc. Class B | 0.13% | 41,310 | $2.2M | Add +18.4% |
| EAOR iShares ESG Aware 60/40 Bala | 0.13% | 61,570 | $2.1M | Reduce -0.1% |
| NFLX Netflix Inc. | 0.13% | 22,196 | $2.1M | Add +17.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.13% | 4,866 | $2.1M | New |
| SLF Sun Life Financial Inc. | 0.13% | 33,731 | $2.1M | Add +1.5% |
| BN Brookfield Corp. | 0.13% | 52,106 | $2.1M | No change |
| XLK SS Technology Select Sector | 0.12% | 15,022 | $2.0M | Add +29.4% |
| PWRD TCW Transform Systems ETF | 0.12% | 20,209 | $2.0M | New |
| C Citigroup Inc. | 0.12% | 16,739 | $1.9M | Add +1.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 38,069 | $1.9M | Reduce -2.0% |
| VZ Verizon Communications Inc. | 0.11% | 36,371 | $1.8M | Reduce -3.0% |
| ITA iShares U.S. Aerospace & Def | 0.11% | 8,270 | $1.8M | Reduce -9.8% |
| XOM Exxon Mobil Corp. | 0.11% | 10,350 | $1.8M | Reduce -10.2% |
| ABBV Abbvie Inc. | 0.11% | 7,958 | $1.7M | Add +15.8% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.10% | 22,930 | $1.6M | Add +24.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.10% | 7,495 | $1.6M | New |
| BCE Bce Inc. | 0.10% | 63,736 | $1.6M | Add +6.8% |
| GEV GE Vernova Inc. | 0.10% | 1,825 | $1.6M | Reduce -6.7% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.09% | 6,868 | $1.5M | Reduce -1.9% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.09% | 41,495 | $1.5M | Reduce -0.8% |
| CL Colgate-Palmolive Co. | 0.09% | 17,669 | $1.5M | Reduce -1.6% |
| EQX Equinox Gold Corp. | 0.09% | 100,925 | $1.5M | Reduce -36.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.09% | 2 | $1.4M | No change |
| CAE Cae Inc. | 0.09% | 55,261 | $1.4M | Add +138.3% |
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -14.4% | 3.65% | −1.22 |
| LRGF iShares US Equity Factor ETF | Reduce -1.3% | 2.96% | −0.40 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.34 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 1.78% | −0.32 |
| RY Royal Bank of Canada | Reduce -0.8% | 1.94% | −0.27 |
| CVE Cenovus Energy Inc. | Reduce -86.1% | 0.06% | −0.21 |
| TD Toronto-Dominion Bank | Reduce -1.3% | 1.67% | −0.16 |
| BNS Bank of Nova Scotia | Reduce -2.0% | 0.91% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.1% | 0.72% | −0.15 |
| BBUC Brookfield Business Corp. Class A | Reduce -25.5% | 0.68% | −0.14 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -3.4% | 0.58% | −0.12 |
| V Visa Inc. Class A | Reduce -2.3% | 0.41% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -2.7% | 1.13% | −0.10 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.10 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -3.9% | 0.46% | −0.08 |
| DIS The Walt Disney Co. | Reduce -5.7% | 0.23% | −0.08 |
| KVUE Kenvue Inc. | Reduce -15.3% | 0.27% | −0.07 |
| SNPS Synopsys Inc. | Reduce -78.2% | 0.01% | −0.06 |
| CDNS Cadence Design SYS Inc. | Reduce -46.6% | 0.05% | −0.06 |
| LOW Lowe's Cos Inc. | Reduce -72.8% | 0.02% | −0.06 |
| PM Philip Morris International | Reduce -4.2% | 0.74% | −0.06 |
| EQX Equinox Gold Corp. | Reduce -36.6% | 0.09% | −0.06 |
| BMO Bank of Montreal | Reduce -1.0% | 1.46% | −0.05 |
| PAAS Pan American Silver Corp. | Reduce -57.5% | 0.03% | −0.05 |
| CMI Cummins Inc. | Reduce -58.5% | 0.03% | −0.05 |
| MPC Marathon Petroleum Corp. | Reduce -80.8% | 0.01% | −0.04 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -28.0% | 0.06% | −0.03 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.03 |
| HD Home Depot Inc. | Reduce -22.6% | 0.06% | −0.03 |
| YETI Yeti Holdings Inc. | Reduce -0.8% | 0.09% | −0.03 |
| BAC Bank of America Corp. | Reduce -2.0% | 0.11% | −0.03 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.02 |
| B Barrick Mining Corp. | Reduce -29.3% | 0.03% | −0.02 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.02 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.02 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -2.1% | 0.19% | −0.02 |
| GE General Electric | Reduce -41.0% | 0.02% | −0.02 |
| ITA iShares U.S. Aerospace & Def | Reduce -9.8% | 0.11% | −0.02 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Sold out | 0.00% | −0.02 |
| PSX Phillips 66 | Sold out | 0.00% | −0.02 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.02 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.01 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.01 |
| DISV Dimensional International SM | Sold out | 0.00% | −0.01 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.8% | 0.24% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| VBIL Vanguard 0-3M T-Bill ETF | New | 1.27% | +1.27 |
| NVDA Nvidia Corp. | Add +302.0% | 1.64% | +1.17 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.67% | +0.67 |
| TFLO iShares Treasury Floating Ra | Add +32.3% | 1.60% | +0.31 |
| VEU Vanguard Ftse All-World Ex-U | Add +11.1% | 4.17% | +0.25 |
| CNQ Canadian Natural Resources | Add +0.9% | 0.69% | +0.18 |
| MSFT Microsoft Corp. | Add +65.3% | 1.07% | +0.17 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Add +6.0% | 2.28% | +0.15 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +575.7% | 0.16% | +0.14 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.13% | +0.13 |
| PWRD TCW Transform Systems ETF | New | 0.12% | +0.12 |
| VOO Vanguard S&P 500 ETF | Add +89.0% | 0.29% | +0.12 |
| DFAX Dimensional World Ex US Core | Add +5.8% | 4.06% | +0.12 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.10% | +0.10 |
| ABFL Abacus FCF Leaders ETF | New | 0.07% | +0.07 |
| VXUS Vanguard Total Intl Stock | New | 0.07% | +0.07 |
| XLF SS Financial Select Sector | New | 0.06% | +0.06 |
| OTEX Open Text Corp. | Add +74.2% | 0.61% | +0.06 |
| ENB Enbridge Inc. | Add +0.1% | 1.09% | +0.06 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.06% | +0.06 |
| IAU iShares Gold Trust | Add +1.7% | 1.64% | +0.06 |
| IGV iShares Expanded Tech-Softwa | New | 0.06% | +0.06 |
| IYW iShares Ustechnology ETF | New | 0.05% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +314.2% | 0.07% | +0.05 |
| COST Costco Wholesale Corp. | Add +1.9% | 0.49% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | New | 0.04% | +0.04 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.04% | +0.04 |
| CAE Cae Inc. | Add +138.3% | 0.09% | +0.04 |
| VXF Vanguard Extended Market ETF | New | 0.04% | +0.04 |
| PPTA Perpetua Resources Corp. | Add +150.0% | 0.06% | +0.04 |
| PFE Pfizer Inc. | Add +1.7% | 0.57% | +0.04 |
| SCHD Schwab US DVD Equity ETF | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | New | 0.04% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +185.9% | 0.06% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +28.0% | 0.27% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +244.1% | 0.05% | +0.03 |
| JIRE JPMorgan Int Res Enh Eqty | New | 0.03% | +0.03 |
| NEM Newmont Corp. | Add +1.5% | 0.95% | +0.03 |
| MOS The Mosaic Co. | New | 0.03% | +0.03 |
| SGOV iShares 0-3 Month Treasury B | New | 0.03% | +0.03 |
| AVUS Avantis U.S. Equity ETF | New | 0.03% | +0.03 |
| SKE Skeena Resources Ltd. | Add +80.0% | 0.05% | +0.03 |
| AIRR First Trust Rba American Ind | New | 0.03% | +0.03 |
| KMB Kimberly-Clark Corp. | New | 0.02% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +71.9% | 0.08% | +0.02 |
| CRWV Coreweave Inc. Class A | New | 0.02% | +0.02 |
| DDFJ Innovator Ed D15 Buff Jan | New | 0.02% | +0.02 |
| OSISKO DEVELOPMENT CORP | Add +195.5% | 0.04% | +0.02 |
| SHLD Global X Defense Tech ETF | New | 0.02% | +0.02 |
| HRI Herc Holdings Inc. | New | 0.02% | +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 |