13F HOLDINGS REPORT
Canoe Financial LP
Quarter ended Q2 2025 · Filed July 10, 2025 · Accession 0001908219-25-000006
Total Value
$7.02B
Positions
108
Other Managers
0
Confidential Omitted
No
Holdings (108)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTU | 874039100 | 1,511,573 | $342.4M | 4.88% |
| 2 | MICROSOFT CORP | MSFT | 580,906 | $288.9M | 4.12% |
| 3 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 2,612,255 | $272.3M | 3.88% |
| 4 | WELLS FARGO & CO | 949746101 | 3,394,260 | $271.9M | 3.87% |
| 5 | ALPHABET INC | GOOG | 1,328,814 | $234.2M | 3.34% |
| 6 | AMERICAN EXPRESS CO | AXP | 672,281 | $214.4M | 3.05% |
| 7 | MOODY'S CORP | MCO | 425,642 | $213.5M | 3.04% |
| 8 | AUTOZONE INC | AZO | 55,911 | $207.6M | 2.96% |
| 9 | ANALOG DEVICES INC | ADI | 815,582 | $194.1M | 2.77% |
| 10 | CANADIAN NATURAL RESOURCES LTD | 136385101 | 6,109,602 | $192.2M | 2.74% |
| 11 | MASTERCARD INC | MA | 316,631 | $177.9M | 2.53% |
| 12 | RESTAURANT BRANDS INTL INC | 76131D103 | 2,539,975 | $168.6M | 2.40% |
| 13 | CME GROUP INC | CME | 576,062 | $158.8M | 2.26% |
| 14 | INTERCONTINENTAL HOTELS GROUP | G4804L163 | 1,349,305 | $153.9M | 2.19% |
| 15 | OTIS WORLDWIDE CORP | OTIS | 1,471,094 | $145.7M | 2.08% |
| 16 | VISA INC | V | 388,408 | $137.9M | 1.96% |
| 17 | ROYAL BANK OF CANADA | 780087102 | 1,039,273 | $137.1M | 1.95% |
| 18 | RB GLOBAL INC | RBA | 1,234,891 | $131.3M | 1.87% |
| 19 | CAPITAL ONE FINANCIAL CORP | 14040H105 | 606,238 | $129.0M | 1.84% |
| 20 | UNITEDHEALTH GROUP INC | UNH | 412,019 | $128.5M | 1.83% |
| 21 | ELEVANCE HEALTH INC | ELV | 329,656 | $128.2M | 1.83% |
| 22 | SHERWIN-WILLIAMS CO/THE | SHW | 353,157 | $121.3M | 1.73% |
| 23 | TJX COS INC/THE | 872540109 | 965,017 | $119.2M | 1.70% |
| 24 | PHILIP MORRIS INTERNATIONAL IN | 718172109 | 645,939 | $117.6M | 1.68% |
| 25 | AGNICO EAGLE MINES LIMITED | AEM | 944,967 | $112.7M | 1.61% |
| 26 | SYSCO CORP | SYY | 1,477,348 | $111.9M | 1.59% |
| 27 | CVS HEALTH CORP | CVS | 1,612,178 | $111.2M | 1.58% |
| 28 | MSCI INC | MSCI | 186,331 | $107.5M | 1.53% |
| 29 | ORACLE CORP | ORCL-PD | 484,098 | $105.8M | 1.51% |
| 30 | ROSS STORES INC | ROST | 806,734 | $102.9M | 1.47% |
| 31 | TECK RESOURCES LTD | TCKRF | 2,410,034 | $97.5M | 1.39% |
| 32 | CGI INC | GIB | 900,271 | $94.6M | 1.35% |
| 33 | WHEATON PRECIOUS METALS CORP | WPM | 980,013 | $88.2M | 1.26% |
| 34 | EQT CORP | EQT | 1,510,095 | $88.1M | 1.25% |
| 35 | RANGE RESOURCES CORP | RRC | 2,045,709 | $83.2M | 1.19% |
| 36 | BERKSHIRE HATHAWAY INC | BRK-A | 166,176 | $80.7M | 1.15% |
| 37 | DIAGEO PLC | DGEAF | 2,970,679 | $74.6M | 1.06% |
| 38 | WILLIS TOWERS WATSON PLC | WTW | 235,341 | $72.1M | 1.03% |
| 39 | METTLER-TOLEDO INTERNATIONAL I | MTD | 58,224 | $68.4M | 0.97% |
| 40 | HCA HEALTHCARE INC | HCA | 164,896 | $63.2M | 0.90% |
| 41 | TORONTO DOMINION BANK | TORO | 852,173 | $62.7M | 0.89% |
| 42 | SALESFORCE INC | CRM | 210,263 | $57.3M | 0.82% |
| 43 | M&T BANK CORP | 55261F104 | 295,506 | $57.3M | 0.82% |
| 44 | ASML HOLDING NV | ASMLF | 71,714 | $57.3M | 0.82% |
| 45 | SAP SE | SAPGF | 183,630 | $55.9M | 0.80% |
| 46 | FISERV INC | FISV | 303,464 | $52.3M | 0.75% |
| 47 | GRACO INC | GGG | 600,774 | $51.6M | 0.74% |
| 48 | ENERFLEX LTD | EFXT | 6,231,212 | $49.2M | 0.70% |
| 49 | CHUBB LTD | CB | 146,885 | $42.6M | 0.61% |
| 50 | NOVO NORDISK A/S DKK0.1 B | NONOF | 609,460 | $42.3M | 0.60% |
| 51 | ROGERS COMMUNICATIONS INC | RCIAF | 1,421,228 | $42.2M | 0.60% |
| 52 | S&P GLOBAL INC | SPGI | 79,184 | $41.8M | 0.59% |
| 53 | NORTHROP GRUMMAN CORP | NOC | 80,595 | $40.3M | 0.57% |
| 54 | Expand Energy Corp | EXE | 311,100 | $36.4M | 0.52% |
| 55 | MARRIOTT INTERNATIONAL INC/MD | 571903202 | 124,506 | $34.0M | 0.48% |
| 56 | EMERSON ELECTRIC CO | EMR | 245,834 | $32.8M | 0.47% |
| 57 | AON PLC | AON | 86,829 | $31.0M | 0.44% |
| 58 | ALCON INC | ALC | 340,728 | $30.2M | 0.43% |
| 59 | ICON PLC | ICLR | 193,851 | $28.2M | 0.40% |
| 60 | HDFC BANK LTD | HDB | 326,390 | $25.0M | 0.36% |
| 61 | UNILEVER PLC | UNLYF | 407,417 | $24.9M | 0.35% |
| 62 | LOWE'S COS INC | 548661107 | 91,024 | $20.2M | 0.29% |
| 63 | FORTIVE CORP | FTV | 336,574 | $17.5M | 0.25% |
| 64 | HILTON WORLDWIDE HOLDINGS INC | HLT | 57,073 | $15.2M | 0.22% |
| 65 | LINDE PLC | LIN | 30,838 | $14.5M | 0.21% |
| 66 | GULFPORT ENERGY CORP | GPOR | 65,900 | $13.3M | 0.19% |
| 67 | PEPSICO INC | PEP | 99,040 | $13.1M | 0.19% |
| 68 | CARRIER GLOBAL CORP | CARR | 178,203 | $13.0M | 0.19% |
| 69 | ADOBE INC | ADBE | 33,518 | $13.0M | 0.18% |
| 70 | COPART INC | CPRT | 251,027 | $12.3M | 0.18% |
| 71 | JOHNSON & JOHNSON | JNJ | 76,126 | $11.6M | 0.17% |
| 72 | FACTSET RESEARCH SYSTEMS INC | 303075105 | 24,555 | $11.0M | 0.16% |
| 73 | SUNCOR ENERGY INC | SU | 257,500 | $9.7M | 0.14% |
| 74 | STANTEC INC | STN | 73,673 | $8.0M | 0.11% |
| 75 | NIKE INC | NKE | 110,820 | $7.9M | 0.11% |
| 76 | COLGATE-PALMOLIVE CO | CL | 80,846 | $7.3M | 0.10% |
| 77 | VOLUTION GROUP PLC | G93824103 | 893,612 | $7.3M | 0.10% |
| 78 | DESCARTES SYS GROUP INC | 249906108 | 65,438 | $6.7M | 0.09% |
| 79 | ALAMOS GOLD INC NEW | AGI | 220,222 | $5.9M | 0.08% |
| 80 | VANECK JUNIOR GOLD MINERS | 92189F791 | 85,833 | $5.8M | 0.08% |
| 81 | RALLIANT CORP | RAL | 112,190 | $5.4M | 0.08% |
| 82 | PEMBINA PIPELINE CORP | PPLOF | 135,000 | $5.1M | 0.07% |
| 83 | FIRSTSERVICE CORP | FSV | 28,086 | $4.9M | 0.07% |
| 84 | COLLIERS INTL GROUP INC | 194693107 | 36,279 | $4.8M | 0.07% |
| 85 | DIAGEO PLC | DGEAF | 45,000 | $4.5M | 0.06% |
| 86 | ROPER TECHNOLOGIES INC | ROP | 7,704 | $4.4M | 0.06% |
| 87 | THERMO FISHER SCIENTIFIC INC | TMO | 9,000 | $3.6M | 0.05% |
| 88 | ROYAL GOLD INC | RGLD | 15,664 | $2.8M | 0.04% |
| 89 | ATS CORP | ATS | 81,114 | $2.6M | 0.04% |
| 90 | SYNCHRONY FINANCIAL | SYF-PB | 36,319 | $2.4M | 0.03% |
| 91 | WASTE CONNECTIONS INC | WCN | 12,000 | $2.2M | 0.03% |
| 92 | BANK OF NT BUTTERFIELD & SON L | G0772R208 | 50,275 | $2.2M | 0.03% |
| 93 | KINROSS GOLD CORP | KGCRF | 134,406 | $2.1M | 0.03% |
| 94 | ZOETIS INC | ZTS | 13,369 | $2.1M | 0.03% |
| 95 | EQUIFAX INC | EFX | 7,917 | $2.1M | 0.03% |
| 96 | GRANITE REAL ESTATE INVESTMENT TRUST | 387437205 | 39,310 | $2.0M | 0.03% |
| 97 | TFI INTERNATIONAL INC | 87241L109 | 21,099 | $1.9M | 0.03% |
| 98 | REXFORD INDUSTRIAL REALTY INC | 76169C100 | 34,505 | $1.2M | 0.02% |
| 99 | CIGNA CORP | 125523100 | 3,549 | $1.2M | 0.02% |
| 100 | FERGUSON ENTERPRISES INC/DE | FERG | 4,938 | $1.1M | 0.02% |
| 101 | HUNTINGTON INGALLS INDUSTRIES | 446413106 | 3,433 | $828,932 | 0.01% |
| 102 | ERO COPPER CORP | ERO | 33,756 | $570,568 | 0.01% |
| 103 | AIRBNB INC | ABNB | 3,627 | $479,997 | 0.01% |
| 104 | FRANCO-NEVADA CORP | FNV | 2,858 | $469,574 | 0.01% |
| 105 | FORTIS INC | FTRSF | 7,863 | $375,719 | 0.01% |
| 106 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 4,495 | $357,359 | 0.01% |
| 107 | New Linde PLC | LIN | 700 | $328,426 | 0.00% |
| 108 | CANADIAN NATURAL RESOURCES | 136385101 | 22,000 | $121,259 | 0.00% |