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Asset Manager ← All Institutions

Cardinal Capital Management, Inc.

400 - 1780 WELLINGTON AVENUE, WINNIPEG, A2 R3H 1B3 • 204-783-0716

Q2 2025 · Filed 2025-07-11
Market Value
$3.1B
+8.3%
Holdings
70
New Purchases
2
Added To
17
Closed
4
Reduced
44
Top 10 Concentration
43.1%
Turnover
8.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SBGSY 0.66% 0.01% +0.65% $20M
SAP.TO 3.71% 3.09% +0.62% $114M
CM 4.26% 3.68% +0.58% $131M
CTC-A.TO 4.94% 4.39% +0.55% $152M
EFN.TO 3.02% 2.59% +0.43% $93M
BN 4.45% 4.08% +0.37% $137M
NA.TO 2.70% 2.34% +0.35% $83M
ORCL 1.00% 0.70% +0.30% $31M
CCL-B.TO 2.93% 2.63% +0.29% $90M
BNS 3.74% 3.45% +0.29% $115M
RY 3.93% 3.65% +0.28% $121M
BMO 3.99% 3.73% +0.26% $123M
AVGO 0.87% 0.63% +0.24% $27M
SLF 2.46% 2.28% +0.18% $76M
AMAT 1.22% 1.06% +0.17% $38M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CMCSA 0.05% 0.89% -0.84% $2M
LVMUY 0.00% 0.72% -0.72% $0
PBA 3.59% 4.13% -0.54% $110M
SU 4.41% 4.95% -0.53% $136M
TMUS 1.32% 1.68% -0.37% $41M
EMRAF 0.00% 0.33% -0.33% $0
MFC 4.99% 5.31% -0.33% $153M
BDX 0.77% 1.09% -0.32% $24M
ABBV 1.15% 1.46% -0.31% $35M
ENB 3.84% 4.12% -0.27% $118M
NWC.TO 0.00% 0.23% -0.23% $0
TRP 3.94% 4.14% -0.20% $121M
SWK 0.66% 0.81% -0.15% $20M
APD 1.09% 1.24% -0.15% $33M
MRK 0.69% 0.84% -0.15% $21M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 35.9%
Energy 16.7%
Consumer Cyclical 13.0%
Industrials 11.9%
Technology 5.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 18 $462M 15.0%
Large Cap 47 $2.3B 74.0%
Mid Cap 4 $322M 10.5%
Small Cap 1 $14M 0.5%

Portfolio Analytics

Avg Market Cap
$267.0B
Median Market Cap
$104.0B
Avg P/E
28.5
Median P/E
23.5
Avg Dividend Yield
0.03%
Avg Beta
0.88
# Stocks
70
# ETFs / Funds
0

Top Holdings (70 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MFC 4.99% 4,792,234 $153M $31.96 $2M -43,566 -0.9%
2 CTC-A.TO 4.94% 1,115,012 $152M $136.09 $27M -84,487 -7.0%
3 BN 4.45% 2,208,764 $137M $61.87 $21M -1,410 -0.1%
4 SU 4.41% 3,622,337 $136M $37.45 -$5M -1,691 -0.1%
5 GIL 4.37% 2,728,046 $134M $49.26 $14M +14,065 +0.5%
6 CM 4.26% 1,846,069 $131M $70.96 $27M -10,092 -0.5%
7 BMO 3.99% 1,106,867 $123M $110.78 $17M -1,650 -0.1%
8 TRP 3.94% 2,478,552 $121M $48.80 $3M -7,645 -0.3%
9 RY 3.93% 916,245 $121M $131.75 $17M -3,221 -0.3%
10 ENB 3.84% 2,605,525 $118M $45.33 $1M -30,809 -1.2%
11 BNS 3.74% 2,078,609 $115M $55.28 $17M +17,353 +0.8%
12 SAP.TO 3.71% 5,573,504 $114M $20.46 $26M +496,365 +9.8%
13 PBA 3.59% 2,936,644 $110M $37.53 -$7M +12,573 +0.4%
14 IFC.TO 3.25% 429,684 $100M $232.45 $11M -5,125 -1.2%
15 EFN.TO 3.02% 3,704,911 $93M $25.04 $19M +9,010 +0.2%
16 CCL-B.TO 2.93% 1,542,095 $90M $58.29 $15M +13,770 +0.9%
17 NA.TO 2.70% 802,828 $83M $103.16 $16M -1,595 -0.2%
18 CNI 2.48% 731,350 $76M $104.16 $7M +22,035 +3.1%
19 SLF 2.46% 1,138,144 $76M $66.52 $11M +9,005 +0.8%
20 WFC 1.39% 532,402 $43M $80.12 $3M -22,980 -4.1%
21 TMUS 1.32% 170,019 $41M $238.26 -$7M -9,027 -5.0%
22 BKNG 1.31% 6,943 $40M $5,789.24 $7M -252 -3.5%
23 SONY 1.30% 1,536,850 $40M $26.03 -$513K -58,960 -3.7%
24 AMAT 1.22% 205,044 $38M $183.07 $8M -1,245 -0.6%
25 SIEGY 1.19% 282,710 $36M $128.87 $3M -2,760 -1.0%
26 ABBV 1.15% 190,773 $35M $185.62 -$6M -6,840 -3.5%
27 BEI-UN.TO 1.15% 688,937 $35M $51.38 $3M -10
28 CMI 1.14% 107,330 $35M $327.50 $531K -3,119 -2.8%
29 NTR 1.12% 592,242 $34M $58.25 $5M -2,945 -0.5%
30 APD 1.09% 118,352 $33M $282.06 -$2M -735 -0.6%
31 NEE 1.01% 446,091 $31M $69.42 -$635K +289 +0.1%
32 HD 1.00% 84,020 $31M $366.64 -$721K -2,001 -2.3%
33 ORCL 1.00% 140,346 $31M $218.63 $11M -1,653 -1.2%
34 URI 1.00% 40,709 $31M $753.40 $7M +2,297 +6.0%
35 HON 0.97% 127,407 $30M $232.88 $2M -2,948 -2.3%
36 ENLAY 0.87% 2,825,567 $27M $9.48 $4M -12,620 -0.4%
37 AVGO 0.87% 97,010 $27M $275.65 $9M -9,245 -8.7%
38 UL 0.85% 424,549 $26M $61.17 $759K +1,190 +0.3%
39 NXPI 0.83% 116,384 $25M $218.49 $4M +3,044 +2.7%
40 MDT 0.80% 283,210 $25M $87.17 -$502K +2,890 +1.0%
41 BDX 0.77% 137,815 $24M $172.25 -$7M +2,252 +1.7%
42 SAP 0.77% 77,454 $24M $304.10 $3M +592 +0.8%
43 MRK 0.69% 269,671 $21M $79.16 -$3M +3,065 +1.1%
44 SBGSY 0.66% 381,875 $20M $53.38 $20M +376,335 +6793.1%
45 SWK 0.66% 297,542 $20M $67.75 -$3M -623 -0.2%
46 AP-UN.TO 0.46% 1,129,982 $14M $12.60 $1M -4,765 -0.4%
47 PEP 0.46% 106,875 $14M $132.04 -$3M -5,165 -4.6%
48 EQIX 0.42% 16,193 $13M $795.47 -$1M -937 -5.5%
49 CDW 0.42% 71,940 $13M $178.59 $771K -3,415 -4.5%
50 COP 0.36% 124,023 $11M $89.74 -$2M -3,695 -2.9%
51 GPN 0.27% 102,386 $8M $80.04 -$3M -7,320 -6.7%
52 TU 0.18% 337,956 $5M $16.05 -$54K -43,915 -11.5%
53 IBDRY 0.06% 25,770 $2M $76.98 $227K -1,475 -5.4%
54 CMCSA 0.05% 42,520 $2M $35.69 -$24M -638,095 -93.8%
55 USB 0.04% 30,446 $1M $45.25 $62K -725 -2.3%
56 TD 0.04% 17,320 $1M $73.53 $235K
57 DOL.TO 0.02% 3,680 $518K $140.85 $108K -160 -4.2%
58 FTS 0.02% 10,015 $478K $47.73 $14K -175 -1.7%
59 MSFT 0.01% 845 $420K $497.41 $94K -25 -2.9%
60 BAC 0.01% 7,265 $344K $47.32 $34K -155 -2.1%
61 TXN 0.01% 1,515 $315K $207.62 $41K -5 -0.3%
62 ADI 0.01% 1,190 $283K $238.02 +1,190 NEW
63 CARR 0.01% 3,860 $283K $73.19 +3,860 NEW
64 JPM 0.01% 830 $241K $289.91 $31K -25 -2.9%
65 AMGN 0.01% 850 $237K $279.21 -$27K
66 AAPL 0.01% 1,085 $223K $205.17 -$18K
67 GILD —% -$252K -2,250 -100.0% SOLD
68 LVMUY —% -$21M -165,911 -100.0% SOLD
69 NWC.TO —% -$7M -187,345 -100.0% SOLD
70 EMRAF —% -$9M -223,575 -100.0% SOLD

New Positions

SymbolValue% Port
ADI $283K 0.01%
CARR $283K 0.01%

Sold Out Positions

SymbolValue% Port
GILD —%
NWC.TO —%
LVMUY —%
EMRAF —%
View SEC EDGAR Filings for Cardinal Capital Management, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms