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Canoe Financial LP

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1908219
Institutional-grade research for retail investors

Sector Allocation

  • Industrials19.2%$1.5B
  • Financials18.2%$1.5B
  • Energy15.7%$1.3B
  • Technology13.4%$1.1B
  • Healthcare11.9%$951.9M
  • Materials9.2%$734.2M
  • Consumer Discretionary8.8%$703.3M
  • Consumer Staples2.9%$234.3M
  • Utilities0.6%$45.0M
  • Other0.2%$18.3M

AUM History

13fpro.ai/research/fund/canoe-financial-lp-1908219

Conviction and streaks

Diversifying · top 10 = 31.6%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

CNI$CNIConviction hold4.8% weight · held 8 quartersSLB$SLBConviction hold4.6% weight · held 4 quartersTSM$TSMConviction hold3.7% weight · held 11 quartersV$VConviction hold3.0% weight · held 9 quartersQSR$QSRConviction hold2.9% weight · held 11 quartersEMR$EMRAccumulating+330% shares · 4 quarters runningRRC$RRCAccumulating+183% shares · 4 quarters runningQSR$QSRAccumulating+35% shares · 3 quarters runningEQT$EQTAccumulating+87% shares · 3 quarters runningCP$CPAccumulating+49780% shares · 3 quarters runningMSFT$MSFTTrimming-41% shares · 7 quarters runningAZO$AZOTrimming-38% shares · 7 quarters runningPEP$PEPTrimming-58% shares · 7 quarters runningGGG$GGGTrimming-89% shares · 7 quarters runningFTS$FTSTrimming-54% shares · 7 quarters running

Largest positions — Q3 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/canoe-financial-lp-1908219

Canoe Financial LP 13F holdings — Q3 2026

$8.3B portfolio (+2.9% QoQ) · 120 holdings · Q3 2026 13F · top 10 are 32% of the stock portfolio

Includes $292.4M of put/call options ($79.8M puts, $212.6M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $8.0B. Weights use the stock portfolio.

All holdings — Canoe Financial LP (Q3 2026)

120 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
TMO$TMOTHERMO FISHER SCIENTIFIC INC.$187.7M-7%
MSFT$MSFTMICROSOFT CORP$186.6M-22%
JNJ$JNJJOHNSON & JOHNSON$184.8M-0.2%
AEM$AEMAGNICO EAGLE MINES LTD$178.1M+131%
CVS$CVSCVS HEALTH Corp$171.7M-8%
DHR$DHRDANAHER CORP /DE/$169.4M+43%
EMR$EMREMERSON ELECTRIC CO$162.7M+41%
NTR$NTRNutrien Ltd.$161.8M+9%
DE$DEDEERE & CO$160.2M+0.1%
MA$MAMastercard Inc$157.4M-3%
MCO$MCOMOODYS CORP /DE/$156.1M-7%
EXE$EXEEXPAND ENERGY Corp$149.0M+584%
RRC$RRCRANGE RESOURCES CORP$147.8M+19%
WPM$WPMWheaton Precious Metals Corp.$142.7M+79%
ELV$ELVElevance Health, Inc.$139.1M+0.3%

What changed in Q3 2026

Against the previous quarter's 13F: 21 new, 36 added to, 56 trimmed, 11 sold out. Share-count changes; largest moves by dollar size first.

New positions (21)

  • PUTSS SPDR S&P OG EXP & PROD - OPTIONS$68.1M

    first bought this quarter

  • SLB$SLBCALLSLB LIMITED/NV$61.9M

    first bought this quarter

  • UBER$UBERUber Technologies, Inc$52.0M

    first bought this quarter

  • EXE$EXECALLEXPAND ENERGY Corp$48.1M

    first bought this quarter

  • RRC$RRCCALLRANGE RESOURCES CORP$39.8M

    first bought this quarter

  • EQT$EQTCALLEQT Corp$30.4M

    first bought this quarter

+15 more in the Excel export

Added to (36)

  • EXE$EXEEXPAND ENERGY Corp+584%

    now $149.0M · held 9 qtrs

  • EFX$EFXEQUIFAX INC+4373%

    now $111.3M · held 7 qtrs

  • AEM$AEMAGNICO EAGLE MINES LTD+131%

    now $178.1M · held 10+ qtrs, 2 adds in a row

  • WPM$WPMWheaton Precious Metals Corp.+79%

    now $142.7M · held 9 qtrs, 2 adds in a row

  • DHR$DHRDANAHER CORP /DE/+43%

    now $169.4M · held 2 qtrs, 2 adds in a row

  • EMR$EMREMERSON ELECTRIC CO+41%

    now $162.7M · held 10+ qtrs, 3 adds in a row

+30 more in the Excel export

Trimmed (56)

  • HAL$HALHALLIBURTON CO-54%

    now $85.0M · held 3 qtrs

  • MSFT$MSFTMICROSOFT CORP-22%

    now $186.6M · held 10+ qtrs, 7 trims in a row

  • TXN$TXNTEXAS INSTRUMENTS INC-35%

    now $90.6M · held 4 qtrs

  • TSM$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD-11%

    now $295.1M · held 10+ qtrs, 6 trims in a row

  • ADI$ADIANALOG DEVICES INC-19%

    now $115.4M · held 10+ qtrs

  • GOOGL$GOOGLAlphabet Inc.-8%

    now $224.2M · held 10+ qtrs, 6 trims in a row

+50 more in the Excel export

Sold out (11)

  • ROST$ROSTROSS STORES, INC.was $170.4M

    held 10+ qtrs

  • RIG$RIGTransocean Ltd.was $42.5M

    held 2 qtrs

  • HP$HPHelmerich & Payne, Inc.was $26.9M

    held 2 qtrs

  • TDW$TDWTIDEWATER INCwas $14.0M

    held 2 qtrs

  • UL$ULUNILEVER PLCwas $8.8M

    held 3 qtrs

  • SPY$SPYSPDR S&P 500 ETF TRUSTwas $5.5M

+5 more in the Excel export

Share

Holdings by quarter

Every 13F Canoe Financial LP has filed, 14 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow Canoe Financial?

Q3 2026 13F filed with the SEC on Oct 21, 2026. Prices are closing prices as of Oct 27, 2026.

Average quality of Canoe Financial's top 20 holdings: 70/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)

Top 10 since filing

+1.9%

Value-weighted move of the 10 largest stock positions

Turnover

9%

Last quarter; 55% over the last 4

Top 10 weight

32%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

90%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Canoe Financial LP disclosed 120 positions worth $8.3B in its Form 13F-HR for Q3 2026 — $8.0B in common stock plus $292.4M of put/call option positions (reported at underlying notional value, not premium at risk), led by $CNI (CANADIAN NATIONAL RAILWAY CO) at 4.8% of the equity portfolio, followed by $SLB and $TSM. During the quarter the fund opened 21 new positions and exited 11 and a full exit from $ROST. The portfolio is most concentrated in Industrials (19.2% of disclosed assets). All figures are sourced directly from Canoe Financial LP’s Form 13F-HR filing with the SEC under CIK 1908219.

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AI-Powered Hedge Fund Analysis: Canoe Financial LP

13F Pro is an AI hedge fund tracker and stock research platform. For Canoe Financial LP (SEC CIK: 1908219), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Canoe Financial LP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.