13F HOLDINGS REPORT
Cardinal Capital Management, Inc.
Quarter ended Q4 2025 · Filed January 22, 2026 · Accession 0001518235-26-000001
Total Value
$4.45B
Positions
72
Other Managers
0
Confidential Omitted
No
Holdings (72)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Saputo Inc. | SAPIF | 5,519,830 | $228.0M | 5.12% |
| 2 | Manulife Financial Corp. | 56501R106 | 4,569,808 | $227.8M | 5.11% |
| 3 | Gildan Activewear Inc. | GIL | 2,543,896 | $218.2M | 4.90% |
| 4 | Canadian Imperial Bank of Commerce | CNDIF | 1,736,864 | $216.1M | 4.85% |
| 5 | Suncor Energy Inc. | SU | 3,500,373 | $213.2M | 4.79% |
| 6 | Royal Bank of Canada | 780087102 | 879,128 | $205.7M | 4.62% |
| 7 | Bank of Nova Scotia | 064149107 | 1,997,649 | $202.2M | 4.54% |
| 8 | Brookfield Corp. | 11271J107 | 3,077,748 | $194.0M | 4.35% |
| 9 | TC Energy Corp. | TRPRF | 2,382,915 | $180.1M | 4.04% |
| 10 | Bank of Montreal | 063671101 | 988,492 | $176.2M | 3.96% |
| 11 | Canadian Tire Corp. Ltd. - Cla | 136681202 | 985,701 | $171.5M | 3.85% |
| 12 | Pembina Pipeline Corp. | PPLOF | 3,274,336 | $171.2M | 3.84% |
| 13 | Canadian Pacific Kansas City Ltd. | CP | 1,549,556 | $156.6M | 3.52% |
| 14 | Intact Financial Corp | 45823T106 | 534,672 | $152.8M | 3.43% |
| 15 | Canadian National Railway Co. | 136375102 | 974,350 | $132.3M | 2.97% |
| 16 | Element Fleet Management Corp. | ELEEF | 3,566,874 | $128.6M | 2.89% |
| 17 | Sun Life Financial Inc. | SUNFF | 1,074,314 | $92.0M | 2.07% |
| 18 | Applied Materials Inc. | 038222105 | 202,845 | $71.5M | 1.61% |
| 19 | Cummins Inc. | CMI | 95,871 | $67.1M | 1.51% |
| 20 | AbbVie Inc. | ABBV | 191,836 | $60.1M | 1.35% |
| 21 | Enbridge Inc. | ENNPF | 884,856 | $58.1M | 1.30% |
| 22 | Wells Fargo & Co. | 949746101 | 450,511 | $57.6M | 1.29% |
| 23 | Siemens AG - ADR | 826197501 | 277,659 | $53.3M | 1.20% |
| 24 | Booking Holdings Inc. | BKNG | 7,107 | $52.2M | 1.17% |
| 25 | T-Mobile US Inc. | TMUSZ | 176,744 | $49.2M | 1.11% |
| 26 | NextEra Energy Inc. | NEE-PW | 432,636 | $47.6M | 1.07% |
| 27 | United Rentals Inc. | URI | 41,773 | $46.4M | 1.04% |
| 28 | Nutrien Ltd. | NTR | 526,307 | $44.6M | 1.00% |
| 29 | Merck & Co. Inc. | MRK | 304,534 | $44.0M | 0.99% |
| 30 | NXP Semiconductors NV | NXPI | 144,019 | $42.9M | 0.96% |
| 31 | Schneider Electric SE - ADR | 80687P106 | 566,826 | $42.7M | 0.96% |
| 32 | Boardwalk Real Estate Investment | 096631106 | 656,695 | $42.3M | 0.95% |
| 33 | Air Products & Chemicals Inc. | AIIR | 124,278 | $42.1M | 0.95% |
| 34 | Home Depot Inc./The | HD | 87,850 | $41.5M | 0.93% |
| 35 | Taiwan Semiconductor Manufacturing Co. Ltd. | 874039100 | 98,806 | $41.2M | 0.92% |
| 36 | Enel SpA - ADR | 29265W207 | 2,806,452 | $40.0M | 0.90% |
| 37 | Medtronic PLC | MDT | 295,210 | $38.9M | 0.87% |
| 38 | Honeywell International Inc. | 438516106 | 138,726 | $37.1M | 0.83% |
| 39 | Microsoft Corp. | MSFT | 55,217 | $36.6M | 0.82% |
| 40 | Oracle Corp. | ORCL-PD | 133,990 | $35.8M | 0.80% |
| 41 | Unilever PLC - ADR | UNLYF | 383,058 | $34.4M | 0.77% |
| 42 | Broadcom Inc. | AVGO | 70,413 | $33.4M | 0.75% |
| 43 | Becton Dickinson and Co. | BDX | 123,084 | $32.8M | 0.74% |
| 44 | Carrier Global Corp. | CARR | 410,196 | $29.7M | 0.67% |
| 45 | SAP SE - ADR | SAPGF | 83,841 | $27.9M | 0.63% |
| 46 | Granite Real Estate Investment Trust | 387437205 | 280,215 | $22.9M | 0.51% |
| 47 | US Bancorp | USB-PS | 285,196 | $20.9M | 0.47% |
| 48 | Entergy Corp. | ENO | 148,190 | $18.8M | 0.42% |
| 49 | Equinix Inc. | EQIX | 16,275 | $17.1M | 0.38% |
| 50 | Emera Inc. | EMRJF | 217,825 | $14.7M | 0.33% |
| 51 | ConocoPhillips | COP | 101,793 | $13.1M | 0.29% |
| 52 | CDW Corp/DE | CDW | 50,050 | $9.4M | 0.21% |
| 53 | Global Payments Inc. | 37940X102 | 63,631 | $6.8M | 0.15% |
| 54 | Iberdrola SA-Sponsored ADR | 450737101 | 21,323 | $2.5M | 0.06% |
| 55 | Toronto-Dominion Bank | TORO | 17,509 | $2.3M | 0.05% |
| 56 | TC Energy Corp. | TRPRF | 13,975 | $1.1M | 0.02% |
| 57 | Fortis Inc./Canada | FTRSF | 11,715 | $834,674 | 0.02% |
| 58 | Dollarama Inc. | DLMAF | 3,710 | $761,069 | 0.02% |
| 59 | Bank of America Corp. | 060505104 | 7,370 | $556,036 | 0.01% |
| 60 | Sony Group Corp. - ADR | SNEJF | 15,180 | $533,070 | 0.01% |
| 61 | Analog Devices Inc. | ADI | 1,240 | $461,300 | 0.01% |
| 62 | Canadian Natural Resources Ltd. | 136385101 | 8,658 | $402,510 | 0.01% |
| 63 | Texas Instruments Inc. | 882508104 | 1,645 | $391,483 | 0.01% |
| 64 | Amgen Inc. | AMGN | 850 | $381,637 | 0.01% |
| 65 | Apple Inc. | AAPL | 997 | $371,803 | 0.01% |
| 66 | Agnico-Eagle Mines Ltd. | AEM | 1,565 | $364,269 | 0.01% |
| 67 | JPMorgan Chase & Co. | VYLD | 745 | $329,292 | 0.01% |
| 68 | PNC Financial Services Group Inc. | 693475105 | 1,000 | $286,324 | 0.01% |
| 69 | TELUS Corp. | TU | 15,435 | $279,219 | 0.01% |
| 70 | Saputo Inc. | SAPIF | 6,025 | $248,773 | 0.01% |
| 71 | Allied Properties Real Estate | 019456102 | 18,295 | $244,604 | 0.01% |
| 72 | Comcast Corp. Class A | CCZ | 4,970 | $203,777 | 0.00% |