Latest Canoe Financial LP Stock Portfolio

Canoe Financial LP Performance:

2024 Q4: 1.26%YTD: 10.26%2023: 8.78%

Performance for 2024 Q4 is 1.26%, and YTD is 10.26%, and 2023 is 8.78%.

About Canoe Financial LP and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Canoe Financial LP reported an equity portfolio of $6.1 Billions as of 31 Dec, 2024.

The top stock holdings of Canoe Financial LP are TSM, GOOG, MSFT. The fund has invested 5.1% of it's portfolio in TAIWAN SEMICONDUCTOR MANUFACTU and 4.4% of portfolio in ALPHABET INC.

The fund managers got completely rid off STARBUCKS CORP (SBUX), GENERAL ELECTRIC CO (GE) and UNILEVER PLC stocks. They significantly reduced their stock positions in M&T BANK CORP (MTB), CANADIAN PACIFIC KANSAS CITY LTD (CP) and BARRICK GOLD CORP. Canoe Financial LP opened new stock positions in CANADIAN NATIONAL RAILWAY CO, WILLIS TOWERS WATSON PLC (WTW) and GULFPORT ENERGY CORP (GPOR). The fund showed a lot of confidence in some stocks as they added substantially to HCA HEALTHCARE INC (HCA), DIAGEO PLC (DEO) and BANK OF NT BUTTERFIELD & SON L.

Canoe Financial LP Annual Return Estimates Vs S&P 500

Our best estimate is that Canoe Financial LP made a return of 1.26% in the last quarter. In trailing 12 months, it's portfolio return was 10.26%.

New Buys

Ticker	$ Bought
canadian national railway co	216,943,000
cgi inc	94,389,900
willis towers watson plc	47,882,800
asml holding nv	42,900,700
icon plc	30,187,100
gulfport energy corp	13,815,000
copart inc	7,990,240
descartes sys group inc	7,938,980

New stocks bought by Canoe Financial LP

Additions

Ticker	% Inc.
hca healthcare inc	226,953
diageo plc	88,407
bank of nt butterfield & son l	1,655
firstservice corp	1,451
stantec inc	1,011
sysco corp	881
msci inc	700
otis worldwide corp	699

Additions to existing portfolio by Canoe Financial LP

Reductions

Ticker	% Reduced
m&t bank corp	-99.95
canadian pacific kansas city ltd	-98.96
barrick gold corp	-96.82
lowe's cos inc	-87.25
marriott international inc/md	-68.57
liberty energy inc	-40.64
fedex corp	-40.03
canadian natural resources ltd	-39.29

Canoe Financial LP reduced stake in above stock

Sold off

Ticker	$ Sold
patterson-uti energy inc	-11,850,000
starbucks corp	-89,495,500
ishares global clean energy	-9,431,400
unilever plc	-23,487,800
general electric co	-49,003,000
middleby corp/the	-3,889,090
magna intl inc	-439,470
toronto dominion bank	-515,906

Canoe Financial LP got rid off the above stocks

Sector Distribution

Canoe Financial LP has about 28.3% of it's holdings in Others sector.

Sector	%
Others	28.3
Financial Services	21.6
Consumer Cyclical	10.1
Healthcare	9.6
Technology	8.1
Industrials	6.9
Energy	5.3
Communication Services	4.4
Consumer Defensive	3.6
Basic Materials	2.2

Market Cap. Distribution

Canoe Financial LP has about 68.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	49.5
UNALLOCATED	28.3
MEGA-CAP	18.7
MID-CAP	3.5

Stocks belong to which Index?

About 63.3% of the stocks held by Canoe Financial LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	63.3
Others	35.7

Top 5 Winners (%)		%
CHK	expand energy corp	304.9 %
EQT	eqt corp	27.3 %
WFC	wells fargo & co	25.5 %
DFS	discover financial services	24.3 %
RRC	range resources corp	16.7 %

Top 5 Winners ($)		$
WFC	wells fargo & co	41.0 M
CHK	expand energy corp	32.0 M
GOOG	alphabet inc	26.9 M
EQT	eqt corp	25.1 M
DFS	discover financial services	21.0 M

Top 5 Losers (%)		%
ELV	elevance health inc	-23.6 %
CDW	cdw corp/de	-16.2 %
NKE	nike inc	-15.3 %
CARR	carrier global corp	-15.1 %
ADBE	adobe inc	-13.7 %

Top 5 Losers ($)		$
ELV	elevance health inc	-59.7 M
UNH	unitedhealth group inc	-33.8 M
QSR	restaurant brands intl inc	-12.5 M
ADI	analog devices inc	-11.8 M
SHW	sherwin-williams co/the	-11.2 M

Canoe Financial LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Canoe Financial LP

Canoe Financial LP has 97 stocks in it's portfolio. About 38% of the portfolio is in top 10 stocks. ELV proved to be the most loss making stock for the portfolio. WFC was the most profitable stock for Canoe Financial LP last quarter.

Last Reported on: 15 Jan, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	TSM	taiwan semiconductor manufactu	5.08	1,579,070	311,851,000	added	212
Historical Trend of TAIWAN SEMICONDUCTOR MANUFACTU Position Held By Canoe Financial LP What % of Portfolio is TSM?: Number of TSM shares held: Change in No. of Shares Held:
	GOOG	alphabet inc	4.39	1,424,010	269,566,000	added	513

	MSFT	microsoft corp	4.24	617,606	260,321,000	added	525

	DEO	diageo plc	4.20	8,113,470	257,755,000	added	88,407

	UNH	unitedhealth group inc	3.81	462,100	233,758,000	added	24.38

		canadian national railway co	3.54	2,137,740	216,943,000	new

	MCO	moody's corp	3.26	422,624	200,058,000	added	510

	AZO	autozone inc	3.26	62,471	200,032,000	added	542

	ELV	elevance health inc	3.15	524,531	193,499,000	added	53.5

	MA	mastercard inc	3.03	353,231	186,001,000	added	580

	WFC	wells fargo & co	3.00	2,624,720	184,361,000	reduced	-8.6

		agnico eagle mines limited	2.51	1,971,650	154,148,000	reduced	-1.07

	PM	philip morris international in	2.44	1,245,670	149,917,000	reduced	-0.62

		royal bank of canada	2.36	1,202,100	144,843,000	reduced	-1.01

	AXP	american express co	2.27	469,286	139,279,000	reduced	-37.27

	QSR	restaurant brands intl inc	2.14	2,016,080	131,314,000	reduced	-0.6

	TJX	tjx cos inc/the	2.10	1,064,220	128,568,000	added	563

	ADI	analog devices inc	2.08	599,291	127,325,000	reduced	-1.1

	CME	cme group inc	2.06	544,219	126,384,000	added	697

	V	visa inc	2.00	387,901	122,592,000	reduced	-19.09