13F HOLDINGS REPORT
Canoe Financial LP
Quarter ended Q3 2025 · Filed October 15, 2025 · Accession 0001908219-25-000010
Total Value
$7.00B
Positions
110
Other Managers
0
Confidential Omitted
No
Holdings (110)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTU | 874039100 | 1,344,173 | $375.4M | 5.36% |
| 2 | ALPHABET INC | GOOG | 1,176,314 | $286.0M | 4.08% |
| 3 | MICROSOFT CORP | MSFT | 544,381 | $282.0M | 4.03% |
| 4 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 2,768,282 | $261.0M | 3.73% |
| 5 | WELLS FARGO & CO | 949746101 | 2,792,029 | $234.0M | 3.34% |
| 6 | AUTOZONE INC | AZO | 51,746 | $222.0M | 3.17% |
| 7 | OTIS WORLDWIDE CORP | OTIS | 2,411,956 | $220.5M | 3.15% |
| 8 | MOODY'S CORP | MCO | 412,142 | $196.4M | 2.80% |
| 9 | AGNICO EAGLE MINES LIMITED | AEM | 1,129,144 | $190.1M | 2.71% |
| 10 | CANADIAN NATURAL RESOURCES LTD | 136385101 | 5,721,033 | $182.9M | 2.61% |
| 11 | MASTERCARD INC | MA | 303,681 | $172.7M | 2.47% |
| 12 | PHILIP MORRIS INTERNATIONAL IN | 718172109 | 1,015,582 | $164.7M | 2.35% |
| 13 | AMERICAN EXPRESS CO | AXP | 492,943 | $163.7M | 2.34% |
| 14 | RESTAURANT BRANDS INTL INC | 76131D103 | 2,523,267 | $161.8M | 2.31% |
| 15 | ANALOG DEVICES INC | ADI | 644,365 | $158.3M | 2.26% |
| 16 | ROYAL BANK OF CANADA | 780087102 | 1,026,117 | $151.2M | 2.16% |
| 17 | CME GROUP INC | CME | 556,262 | $150.3M | 2.15% |
| 18 | TECK RESOURCES LTD | TCKRF | 3,348,736 | $146.9M | 2.10% |
| 19 | ORACLE CORP | ORCL-PD | 514,998 | $144.8M | 2.07% |
| 20 | EQT CORP | EQT | 2,463,575 | $132.4M | 1.89% |
| 21 | RB GLOBAL INC | RBA | 1,217,774 | $131.9M | 1.88% |
| 22 | VISA INC | V | 383,914 | $131.1M | 1.87% |
| 23 | CVS HEALTH CORP | CVS | 1,704,608 | $128.5M | 1.83% |
| 24 | ELEVANCE HEALTH INC | ELV | 389,399 | $125.8M | 1.80% |
| 25 | TJX COS INC/THE | 872540109 | 858,317 | $124.1M | 1.77% |
| 26 | ROSS STORES INC | ROST | 790,377 | $120.4M | 1.72% |
| 27 | MSCI INC | MSCI | 209,831 | $119.1M | 1.70% |
| 28 | ROPER TECHNOLOGIES INC | ROP | 238,584 | $119.0M | 1.70% |
| 29 | SYSCO CORP | SYY | 1,427,181 | $117.5M | 1.68% |
| 30 | SHERWIN-WILLIAMS CO/THE | SHW | 337,057 | $116.7M | 1.67% |
| 31 | INTERCONTINENTAL EXCHANGE INC | 45866F104 | 663,757 | $111.8M | 1.60% |
| 32 | UNITEDHEALTH GROUP INC | UNH | 321,051 | $110.9M | 1.58% |
| 33 | WHEATON PRECIOUS METALS CORP | WPM | 972,532 | $108.8M | 1.55% |
| 34 | WILLIS TOWERS WATSON PLC | WTW | 257,589 | $89.0M | 1.27% |
| 35 | M&T BANK CORP | 55261F104 | 433,679 | $85.7M | 1.22% |
| 36 | BERKSHIRE HATHAWAY INC | BRK-A | 161,339 | $81.1M | 1.16% |
| 37 | CAPITAL ONE FINANCIAL CORP | 14040H105 | 378,889 | $80.5M | 1.15% |
| 38 | METTLER-TOLEDO INTERNATIONAL I | MTD | 56,124 | $68.9M | 0.98% |
| 39 | TORONTO DOMINION BANK | TORO | 843,946 | $67.5M | 0.96% |
| 40 | ENERFLEX LTD | EFXT | 6,163,214 | $66.5M | 0.95% |
| 41 | ASML HOLDING NV | ASMLF | 68,290 | $66.4M | 0.95% |
| 42 | SALESFORCE INC | CRM | 244,683 | $58.0M | 0.83% |
| 43 | FISERV INC | FISV | 418,406 | $53.9M | 0.77% |
| 44 | RANGE RESOURCES CORP | RRC | 1,391,309 | $52.4M | 0.75% |
| 45 | ROGERS COMMUNICATIONS INC | RCIAF | 1,396,911 | $48.1M | 0.69% |
| 46 | NORTHROP GRUMMAN CORP | NOC | 78,264 | $47.7M | 0.68% |
| 47 | GRACO INC | GGG | 554,374 | $47.1M | 0.67% |
| 48 | CHUBB LTD | CB | 142,451 | $40.2M | 0.57% |
| 49 | S&P GLOBAL INC | SPGI | 74,384 | $36.2M | 0.52% |
| 50 | ICON PLC | ICLR | 197,970 | $34.6M | 0.49% |
| 51 | EMERSON ELECTRIC CO | EMR | 238,587 | $31.3M | 0.45% |
| 52 | AON PLC | AON | 79,229 | $28.3M | 0.40% |
| 53 | MARRIOTT INTERNATIONAL INC/MD | 571903202 | 105,541 | $27.5M | 0.39% |
| 54 | ALCON INC | ALC | 340,728 | $25.4M | 0.36% |
| 55 | Expand Energy Corp | EXE | 218,937 | $22.7M | 0.32% |
| 56 | HDFC BANK LTD | HDB | 636,180 | $21.7M | 0.31% |
| 57 | LOWE'S COS INC | 548661107 | 86,224 | $21.7M | 0.31% |
| 58 | BAYTEX ENERGY CORP | BTE | 8,300,000 | $19.4M | 0.28% |
| 59 | LINDE PLC | LIN | 30,838 | $14.6M | 0.21% |
| 60 | HILTON WORLDWIDE HOLDINGS INC | HLT | 50,987 | $13.2M | 0.19% |
| 61 | JOHNSON & JOHNSON | JNJ | 70,826 | $13.1M | 0.19% |
| 62 | COPART INC | CPRT | 279,327 | $12.6M | 0.18% |
| 63 | PEPSICO INC | PEP | 89,140 | $12.5M | 0.18% |
| 64 | CARRIER GLOBAL CORP | CARR | 168,903 | $10.1M | 0.14% |
| 65 | ALAMOS GOLD INC NEW | AGI | 240,500 | $8.4M | 0.12% |
| 66 | STANTEC INC | STN | 75,205 | $8.1M | 0.12% |
| 67 | COLGATE-PALMOLIVE CO | CL | 99,646 | $8.0M | 0.11% |
| 68 | ADOBE INC | ADBE | 20,266 | $7.1M | 0.10% |
| 69 | FACTSET RESEARCH SYSTEMS INC | 303075105 | 24,755 | $7.1M | 0.10% |
| 70 | NIKE INC | NKE | 101,620 | $7.1M | 0.10% |
| 71 | SPDR S&P 500 ETF TRUST | SPY | 13,126 | $6.5M | 0.09% |
| 72 | COLLIERS INTL GROUP INC | 194693107 | 40,180 | $6.3M | 0.09% |
| 73 | VANECK JUNIOR GOLD MINERS | 92189F791 | 62,571 | $6.2M | 0.09% |
| 74 | SUNCOR ENERGY INC | SU | 143,300 | $6.0M | 0.09% |
| 75 | CGI INC | GIB | 66,947 | $6.0M | 0.09% |
| 76 | FIRSTSERVICE CORP | FSV | 30,316 | $5.8M | 0.08% |
| 77 | DESCARTES SYS GROUP INC | 249906108 | 60,055 | $5.7M | 0.08% |
| 78 | KINROSS GOLD CORP | KGCRF | 198,371 | $4.9M | 0.07% |
| 79 | RALLIANT CORP | RAL | 111,303 | $4.9M | 0.07% |
| 80 | THERMO FISHER SCIENTIFIC INC | TMO | 9,000 | $4.4M | 0.06% |
| 81 | DIAGEO PLC | DGEAF | 45,000 | $4.3M | 0.06% |
| 82 | ISHARES MSCI EAFE ETF | 464287465 | 45,701 | $4.2M | 0.06% |
| 83 | EQUIFAX INC | EFX | 12,729 | $3.3M | 0.05% |
| 84 | BANK OF NT BUTTERFIELD & SON L | G0772R208 | 67,758 | $2.9M | 0.04% |
| 85 | SYNCHRONY FINANCIAL | SYF-PB | 35,827 | $2.5M | 0.04% |
| 86 | ROYAL GOLD INC | RGLD | 12,241 | $2.5M | 0.04% |
| 87 | GRANITE REAL ESTATE INVESTMENT TRUST | 387437205 | 39,100 | $2.2M | 0.03% |
| 88 | JACK HENRY & ASSOCIATES INC | 426281101 | 14,461 | $2.2M | 0.03% |
| 89 | WASTE CONNECTIONS INC | WCN | 12,000 | $2.1M | 0.03% |
| 90 | ATS CORP | ATS | 78,877 | $2.1M | 0.03% |
| 91 | ZOETIS INC | ZTS | 12,130 | $1.8M | 0.03% |
| 92 | CIGNA CORP | 125523100 | 5,433 | $1.6M | 0.02% |
| 93 | TFI INTERNATIONAL INC | 87241L109 | 16,200 | $1.4M | 0.02% |
| 94 | SUNCOR ENERGY INC | SU | 12,000 | $1.1M | 0.02% |
| 95 | ERO COPPER CORP | ERO | 50,762 | $1.0M | 0.01% |
| 96 | EQT CORP | EQT | 4,150 | $872,200 | 0.01% |
| 97 | SPDR S&P OIL & GAS EXP & PR | 78468R556 | 4,488 | $869,632 | 0.01% |
| 98 | HUNTINGTON INGALLS INDUSTRIES | 446413106 | 2,639 | $759,794 | 0.01% |
| 99 | FERGUSON ENTERPRISES INC/DE | FERG | 2,772 | $622,536 | 0.01% |
| 100 | AIRBNB INC | ABNB | 4,866 | $590,830 | 0.01% |
| 101 | ENERGY SELECT SECTOR SPDR | 81369Y506 | 12,000 | $570,000 | 0.01% |
| 102 | FORTIS INC | FTRSF | 7,609 | $385,867 | 0.01% |
| 103 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 4,601 | $342,600 | 0.00% |
| 104 | UNION PACIFIC CORP | UNP | 896 | $211,788 | 0.00% |
| 105 | INVESCO QQQ TRUST SERIES 1 | IVZ | 107 | $79,394 | 0.00% |
| 106 | GLOBAL X URANIUM ETF | 37954Y871 | 395 | $47,400 | 0.00% |
| 107 | IMPERIAL OIL LTD | IMO | 2,900 | $45,372 | 0.00% |
| 108 | BAYTEX ENERGY CORP | BTE | 4,327 | $45,073 | 0.00% |
| 109 | FISERV INC | FISV | 13 | $12,740 | 0.00% |
| 110 | PHILIP MORRIS INTERNATIONAL | 718172109 | 9 | $8,280 | 0.00% |