Latest Canoe Financial LP Stock Portfolio
Canoe Financial LP Performance:
2024 Q3: 3.33%YTD: 8.88%2023: 8.78%
Performance for 2024 Q3 is 3.33%, and YTD is 8.88%, 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 $4.2 Billions as of 30 Sep, 2024.
The top stock holdings of Canoe Financial LP are UNH, AXP, ELV. The fund has invested 5.2% of it's portfolio in UNITEDHEALTH GROUP INC and 4.9% of portfolio in AMERICAN EXPRESS CO.
The fund managers got completely rid off DIAGEO PLC, CVS HEALTH CORP (CVS) and FIFTH THIRD BANCORP (FITB) stocks. They significantly reduced their stock positions in MAGNA INTL INC, OTIS WORLDWIDE CORP (OTIS) and MASTERCARD INC (MA). Canoe Financial LP opened new stock positions in UNITEDHEALTH GROUP INC (UNH), WELLS FARGO & CO (WFC) and VISA INC (V). The fund showed a lot of confidence in some stocks as they added substantially to PATTERSON-UTI ENERGY INC (PTEN), CANADIAN NATURAL RESOURCES LTD and RANGE RESOURCES CORP (RRC).
The top stock holdings of Canoe Financial LP are UNH, AXP, ELV. The fund has invested 5.2% of it's portfolio in UNITEDHEALTH GROUP INC and 4.9% of portfolio in AMERICAN EXPRESS CO.
The fund managers got completely rid off DIAGEO PLC, CVS HEALTH CORP (CVS) and FIFTH THIRD BANCORP (FITB) stocks. They significantly reduced their stock positions in MAGNA INTL INC, OTIS WORLDWIDE CORP (OTIS) and MASTERCARD INC (MA). Canoe Financial LP opened new stock positions in UNITEDHEALTH GROUP INC (UNH), WELLS FARGO & CO (WFC) and VISA INC (V). The fund showed a lot of confidence in some stocks as they added substantially to PATTERSON-UTI ENERGY INC (PTEN), CANADIAN NATURAL RESOURCES LTD and RANGE RESOURCES CORP (RRC).
Canoe Financial LP Annual Return Estimates Vs S&P 500
Our best estimate is that Canoe Financial LP made a return of 3.33% in the last quarter. In trailing 12 months, it's portfolio return was 1.82%.
New Buys
| Ticker | $ Bought |
|---|---|
| unitedhealth group inc | 216,166,000 |
| wells fargo & co | 160,529,000 |
| visa inc | 131,930,000 |
| wheaton precious metals corp | 113,017,000 |
| eqt corp | 89,907,400 |
| marriott international inc/md | 77,330,500 |
| dollar tree inc | 46,575,700 |
| verisign inc | 46,454,600 |
New stocks bought by Canoe Financial LP
Additions
| Ticker | % Inc. |
|---|---|
| patterson-uti energy inc | 15,942 |
| canadian natural resources ltd | 225 |
| range resources corp | 114 |
| analog devices inc | 53.98 |
| open text corporation | 33.56 |
| m&t bank corp | 29.42 |
| nike inc | 22.24 |
| rb global inc | 21.96 |
Additions to existing portfolio by Canoe Financial LP
Reductions
| Ticker | % Reduced |
|---|---|
| magna intl inc | -99.18 |
| franco-nevada corp | -98.2 |
| cenovus energy inc | -96.92 |
| firstservice corp | -93.78 |
| stantec inc | -92.1 |
| otis worldwide corp | -87.31 |
| mastercard inc | -85.71 |
| colliers intl group inc | -85.52 |
Canoe Financial LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| diageo plc | -251,232,000 |
| cvs health corp | -109,221,000 |
| intercontinental hotels group | -126,630,000 |
| fifth third bancorp | -41,179,200 |
| sun life financial inc | -29,228,200 |
| schlumberger ltd | -24,269,900 |
| cameco corp | -15,696,500 |
| alamos gold inc new | -2,903,190 |
Canoe Financial LP got rid off the above stocks
Sector Distribution
Canoe Financial LP has about 22.9% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 22.9 |
| Financial Services | 21.2 |
| Consumer Cyclical | 14.8 |
| Healthcare | 10.4 |
| Industrials | 10.1 |
| Technology | 6.9 |
| Energy | 6.6 |
| Consumer Defensive | 5.4 |
Market Cap. Distribution
Canoe Financial LP has about 72.6% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 59.7 |
| UNALLOCATED | 22.9 |
| MEGA-CAP | 12.9 |
| MID-CAP | 4.5 |
Stocks belong to which Index?
About 67% of the stocks held by Canoe Financial LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 64.8 |
| Others | 33 |
| RUSSELL 2000 | 2.2 |
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 88 stocks in it's portfolio. About 39.9% of the portfolio is in top 10 stocks. DLTR proved to be the most loss making stock for the portfolio. PM was the most profitable stock for Canoe Financial LP last quarter.
Last Reported on: 24 Oct, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAXJ | ishares global clean energy | 0.23 | 660,000 | 9,431,400 | new | |||
| ADBE | adobe inc | 0.29 | 23,206 | 11,962,200 | unchanged | 0.00 | ||
| ADI | analog devices inc | 3.38 | 605,935 | 140,607,000 | added | 53.98 | ||
| AON | aon plc | 0.44 | 53,109 | 18,464,400 | added | 3.11 | ||
| AXP | american express co | 4.88 | 748,162 | 202,797,000 | reduced | -14.96 | ||
| AZO | autozone inc | 0.75 | 9,718 | 31,064,700 | reduced | -83.33 | ||
| BDX | becton dickinson and co | 0.25 | 42,778 | 10,331,300 | unchanged | 0.00 | ||
| BIL | spdr s&p oil & gas equipment & services etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BUZZ | vaneck oil services etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CARR | carrier global corp | 0.39 | 201,350 | 16,212,700 | unchanged | 0.00 | ||
| CB | chubb ltd | 1.05 | 150,295 | 43,520,900 | reduced | -3.92 | ||
| CDW | cdw corp/de | 0.00 | 164 | 37,154 | new | |||
| CHK | chesapeake energy corp | 0.25 | 127,100 | 10,498,500 | new | |||
| CL | colgate-palmolive co | 0.21 | 84,446 | 8,753,670 | added | 2.93 | ||
| CME | cme group inc | 0.36 | 68,200 | 14,888,100 | reduced | -85.09 | ||
| CNC | centene corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CP | canadian pacific kansas city ltd | 1.18 | 575,014 | 49,156,800 | reduced | -17.3 | ||
| CVS | cvs health corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| DEO | diageo plc | 0.03 | 9,167 | 1,290,440 | new | |||
| DFS | discover financial services | 2.08 | 621,082 | 86,485,700 | reduced | -2.54 | ||