Q3 2026 13F · SEC CIK 1908219

Canoe Financial LP

Hedge fundFiled 2026-10-21 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $8.0B
Reported positions: 113
Top holdings a year, 3 yrs: +22.8%
Average holding period: 2.3 yrs

Canoe Financial LP is a hedge fund that reported 113 positions worth $8.0B in its Q3 2026 13F, filed 2026-10-21. Its largest holdings were Canadian Natl Ry Co (CNI, 4.8%), Slb Limited (SLB, 4.6%), Taiwan Semiconductor Manufac (TSM, 3.7%). A portfolio copying its top holdings returned 22.8% a year over the last 3 years, against 22.3% for the S&P 500.

Canoe Financial LP holdings largest 50 of 113 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Canoe Financial LP 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
CNICanadian Natl Ry Co	4.8%	5.0%	3,309,796	-2.9%	$388.0M
SLBSlb Limited	4.6%	4.4%	7,543,882	-2.4%	$366.6M
TSMTaiwan Semiconductor Manufac	3.7%	4.3%	642,620	-10.8%	$295.1M
VVisa Inc	2.9%	2.8%	657,372	-0.9%	$236.6M
QSRRestaurant Brands Intl Inc	2.9%	3.0%	3,359,091	+0.1%	$234.4M
GOOGLAlphabet Inc	2.8%	3.2%	662,714	-8.1%	$224.2M
EQTEqt Corp	2.6%	2.7%	4,142,822	+3.0%	$206.1M
OTISOtis Worldwide Corp	2.6%	2.7%	3,188,862	+4.7%	$205.6M
PMPhilip Morris Intl Inc	2.4%	2.3%	1,014,129	-0.2%	$190.8M
CPCanadian Pacific Kansas City	2.3%	2.4%	2,228,628	+0.1%	$188.4M
TMOThermo Fisher Scientific Inc	2.3%	1.9%	287,690	-7.2%	$187.7M
MSFTMicrosoft Corp	2.3%	2.2%	363,891	-21.9%	$186.6M
JNJJohnson & Johnson	2.3%	2.3%	714,643	-0.2%	$184.8M
AEMAgnico Eagle Mines Ltd	2.2%	0.8%	986,414	+130.5%	$178.1M
CVSCvs Health Corp	2.1%	2.8%	2,014,906	-8.2%	$171.7M
DHRDanaher Corp Del	2.1%	1.3%	800,124	+43.3%	$169.4M
EMREmerson Elec Co	2.0%	1.3%	1,025,830	+41.2%	$162.7M
NTRNutrien Ltd	2.0%	1.7%	2,318,096	+8.7%	$161.8M
DEDeere & Co	2.0%	1.9%	240,105	+0.1%	$160.2M
MAMastercard Incorporated	2.0%	1.9%	286,138	-3.0%	$157.4M
MCOMoodys Corp	1.9%	2.1%	348,842	-6.5%	$156.1M
EXEExpand Energy Corporation	1.9%	—	1,748,406	—	$149.3M
RRCRange Res Corp	1.8%	1.5%	3,953,091	+19.3%	$148.4M
WPMWheaton Precious Metals Corp	1.8%	0.8%	1,070,765	+78.8%	$142.7M
ELVElevance Health Inc Formerly	1.7%	1.7%	364,526	+0.3%	$139.1M
RYRoyal Bk Cda	1.7%	1.8%	699,679	+0.1%	$136.7M
LMTLockheed Martin Corp	1.6%	1.6%	261,418	+0.2%	$132.1M
ICHGFIntercontinental Hotels Group PLC	1.6%	1.9%	824,254	-8.7%	$131.7M
ICEIntercontinental Exchange Inc	1.6%	1.2%	845,673	+3.4%	$128.2M
WFCWells Fargo & Co	1.6%	1.6%	1,569,864	+0.1%	$126.0M
CVECenovus Energy Inc	1.6%	1.2%	3,961,386	+0.1%	$125.4M
CNQCanadian Nat Res Ltd Med Ter	1.6%	1.2%	2,609,343	+7.1%	$124.9M
EFXTEnerflex Ltd	1.5%	1.4%	4,664,632	-0.8%	$118.8M
RBARb Global Inc	1.5%	2.0%	1,443,141	+3.0%	$117.7M
CMECme Group Inc	1.5%	1.3%	442,922	-9.7%	$117.4M
ADIAnalog Devices Inc	1.4%	1.7%	285,099	-19.3%	$115.4M
EFXEquifax Inc	1.4%	—	796,817	—	$111.3M
TECKTeck Resources Ltd	1.4%	1.2%	1,695,665	+0.1%	$110.7M
AZOAutozone Inc	1.4%	1.6%	38,941	-5.2%	$109.8M
MTBM & T Bank Corp	1.4%	1.5%	499,644	-0.2%	$108.6M
AMZNAmazon Com Inc	1.2%	0.8%	373,810	+38.9%	$92.8M
TJXTjx Cos Inc New	1.2%	1.2%	693,717	+4.9%	$92.7M
SHWSherwin Williams Co	1.1%	1.3%	286,457	-2.9%	$91.9M
MSCIMsci Inc	1.1%	1.2%	167,631	-6.6%	$91.4M
TXNTexas Instrs Inc	1.1%	1.8%	321,950	-35.4%	$90.6M
HALHalliburton Co	1.1%	2.4%	2,666,600	-53.9%	$85.0M
MTDMettler Toledo International	0.8%	0.8%	45,544	-9.4%	$67.5M
UBERUber Technologies Inc	0.6%	—	766,455	—	$52.0M
CARRCarrier Global Corporation	0.6%	0.9%	939,200	-5.9%	$51.9M
FISVFiserv Inc	0.6%	0.6%	997,852	-0.5%	$45.3M

What Canoe Financial LP bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

AEM Agnico Eagle Mines Ltd+130.5% shares
WPM Wheaton Precious Metals Corp+78.8% shares
DHR Danaher Corp Del+43.3% shares
EMR Emerson Elec Co+41.2% shares
AMZN Amazon Com Inc+38.9% shares
RRC Range Res Corp+19.3% shares
NTR Nutrien Ltd+8.7% shares
CNQ Canadian Nat Res Ltd Med Ter+7.1% shares

Reduced

HAL Halliburton Co-53.9% shares
TXN Texas Instrs Inc-35.4% shares
MSFT Microsoft Corp-21.9% shares
ADI Analog Devices Inc-19.3% shares
TSM Taiwan Semiconductor Manufac-10.8% shares
CME Cme Group Inc-9.7% shares
MTD Mettler Toledo International-9.4% shares
ICHGF Intercontinental Hotels Group PLC-8.7% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.7% /yr; S&P 500 +11.7%
3 years: +22.8% /yr; S&P 500 +22.3%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$8.0B	113
Q2 2026	$8.1B	110
Q1 2026	$7.3B	112
Q4 2025	$7.4B	103
Q3 2025	$7.0B	105
Q2 2025	$7.0B	105
Q1 2025	$6.2B	101
Q4 2024	$6.1B	97
Q3 2024	$4.2B	88
Q2 2024	$5.4B	93
Q1 2024	$6.1B	102
Q4 2023	$5.1B	139

Questions about Canoe Financial LP's portfolio

What stocks does Canoe Financial LP own?

Canoe Financial LP's latest 13F, for Q3 2026 and filed Oct 21, 2026, lists 113 positions worth $8.0B. The largest are Canadian Natl Ry Co (CNI) at 4.8%, Slb Limited (SLB) at 4.6%, Taiwan Semiconductor Manufac (TSM) at 3.7%, Visa Inc (V) at 2.9% and Restaurant Brands Intl Inc (QSR) at 2.9%.

What did Canoe Financial LP buy last quarter?

In Q3 2026, Canoe Financial LP added Agnico Eagle Mines Ltd (AEM) (+130.5% shares), Wheaton Precious Metals Corp (WPM) (+78.8% shares) and Danaher Corp Del (DHR) (+43.3% shares), compared with its Q2 2026 filing.

What did Canoe Financial LP sell last quarter?

In Q3 2026, Canoe Financial LP cut from its top 50 Ross Stores Inc (ROST), cut from its top 50 Corteva Inc (CTVA), cut from its top 50 Weatherford Intl PLC F (WFRD), Halliburton Co (HAL) (-53.9% shares), Texas Instrs Inc (TXN) (-35.4% shares) and Microsoft Corp (MSFT) (-21.9% shares), compared with its Q2 2026 filing.

How has Canoe Financial LP's portfolio performed?

A portfolio copying Canoe Financial LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +22.8% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +14.7% against +11.7%.

When is Canoe Financial LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Canoe Financial LP's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.