13F HOLDINGS REPORT
Canoe Financial LP
Quarter ended Q4 2025 · Filed January 14, 2026 · Accession 0001908219-26-000003
Total Value
$7.36B
Positions
110
Other Managers
0
Confidential Omitted
No
Holdings (110)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTU | 874039100 | 1,198,170 | $364.1M | 4.95% |
| 2 | ALPHABET INC | GOOG | 1,024,214 | $320.6M | 4.35% |
| 3 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 2,924,012 | $289.2M | 3.93% |
| 4 | WELLS FARGO & CO | 949746101 | 2,804,535 | $261.4M | 3.55% |
| 5 | MICROSOFT CORP | MSFT | 522,481 | $252.7M | 3.43% |
| 6 | OTIS WORLDWIDE CORP | OTIS | 2,787,870 | $243.5M | 3.31% |
| 7 | MOODY'S CORP | MCO | 425,922 | $217.6M | 2.96% |
| 8 | CANADIAN NATURAL RESOURCES LTD | 136385101 | 5,588,945 | $189.3M | 2.57% |
| 9 | MASTERCARD INC | MA | 312,481 | $178.4M | 2.42% |
| 10 | INTERCONTINENTAL HOTELS GROUP | G4804L163 | 1,257,505 | $177.2M | 2.41% |
| 11 | ANALOG DEVICES INC | ADI | 639,062 | $173.3M | 2.35% |
| 12 | RESTAURANT BRANDS INTL INC | 76131D103 | 2,489,553 | $169.9M | 2.31% |
| 13 | AUTOZONE INC | AZO | 49,391 | $167.5M | 2.28% |
| 14 | LOCKHEED MARTIN CORP | LMT | 344,017 | $166.4M | 2.26% |
| 15 | TECK RESOURCES LTD | TCKRF | 3,332,589 | $159.6M | 2.17% |
| 16 | INTERCONTINENTAL EXCHANGE INC | 45866F104 | 951,486 | $154.1M | 2.09% |
| 17 | CVS HEALTH CORP | CVS | 1,899,163 | $150.7M | 2.05% |
| 18 | CME GROUP INC | CME | 540,122 | $147.5M | 2.00% |
| 19 | ROPER TECHNOLOGIES INC | ROP | 328,020 | $146.0M | 1.98% |
| 20 | ROSS STORES INC | ROST | 792,576 | $142.8M | 1.94% |
| 21 | VISA INC COM CL A | V | 386,604 | $135.6M | 1.84% |
| 22 | M&T BANK CORP | 55261F104 | 652,744 | $131.5M | 1.79% |
| 23 | ELEVANCE HEALTH INC | ELV | 370,662 | $129.9M | 1.76% |
| 24 | TJX COS INC/THE | 872540109 | 825,317 | $126.8M | 1.72% |
| 25 | RB GLOBAL INC | RBA | 1,212,695 | $124.9M | 1.70% |
| 26 | AGNICO EAGLE MINES LIMITED | AEM | 711,604 | $120.7M | 1.64% |
| 27 | EQT CORP | EQT | 2,211,775 | $118.6M | 1.61% |
| 28 | AMERICAN EXPRESS CO | AXP | 319,744 | $118.3M | 1.61% |
| 29 | ROYAL BANK OF CANADA | 780087102 | 691,320 | $117.9M | 1.60% |
| 30 | MSCI INC | MSCI | 200,031 | $114.8M | 1.56% |
| 31 | SHERWIN-WILLIAMS CO/THE | SHW | 346,537 | $112.3M | 1.53% |
| 32 | JOHNSON & JOHNSON | JNJ | 505,569 | $104.6M | 1.42% |
| 33 | WHEATON PRECIOUS METALS CORP | WPM | 887,936 | $104.4M | 1.42% |
| 34 | CENOVUS ENERGY INC | CVE | 6,068,200 | $102.7M | 1.39% |
| 35 | PHILIP MORRIS INTERNATIONAL IN | 718172109 | 621,229 | $99.6M | 1.35% |
| 36 | ENERFLEX LTD | EFXT | 6,157,845 | $94.9M | 1.29% |
| 37 | WILLIS TOWERS WATSON PLC | WTW | 260,128 | $85.5M | 1.16% |
| 38 | BERKSHIRE HATHAWAY INC | BRK-A | 162,228 | $81.5M | 1.11% |
| 39 | METTLER-TOLEDO INTERNATIONAL I | MTD | 53,864 | $75.1M | 1.02% |
| 40 | TORONTO DOMINION BANK | TORO | 721,113 | $68.0M | 0.92% |
| 41 | ASML HOLDING NV | ASMLF | 60,890 | $65.9M | 0.90% |
| 42 | CAPITAL ONE FINANCIAL CORP | 14040H105 | 270,753 | $65.6M | 0.89% |
| 43 | CARRIER GLOBAL CORP | CARR | 1,195,050 | $63.1M | 0.86% |
| 44 | DIAGEO PLC | DGEAF | 2,828,894 | $61.1M | 0.83% |
| 45 | TEXAS INSTRUMENTS INC | 882508104 | 339,674 | $58.9M | 0.80% |
| 46 | RANGE RESOURCES CORP | RRC | 1,557,509 | $54.9M | 0.75% |
| 47 | CHUBB LTD | CB | 143,043 | $44.6M | 0.61% |
| 48 | SCHLUMBERGER LTD | SLB | 1,130,900 | $43.4M | 0.59% |
| 49 | BOYD GROUP SERVICES INC | BGSI | 271,102 | $43.2M | 0.59% |
| 50 | ROGERS COMMUNICATIONS INC | RCIAF | 1,138,837 | $43.0M | 0.58% |
| 51 | GRACO INC | GGG | 486,374 | $39.9M | 0.54% |
| 52 | S&P GLOBAL INC | SPGI | 72,704 | $38.0M | 0.52% |
| 53 | ICON PLC | ICLR | 193,917 | $35.3M | 0.48% |
| 54 | FISERV INC | FISV | 490,972 | $33.0M | 0.45% |
| 55 | EMERSON ELECTRIC CO | EMR | 239,846 | $31.8M | 0.43% |
| 56 | MARRIOTT INTERNATIONAL INC/MD | 571903202 | 101,755 | $31.6M | 0.43% |
| 57 | NORTHROP GRUMMAN CORP | NOC | 52,222 | $29.8M | 0.40% |
| 58 | AON PLC | AON | 77,749 | $27.4M | 0.37% |
| 59 | ALCON INC | ALC | 332,828 | $26.6M | 0.36% |
| 60 | UNILEVER PLC | UNLYF | 336,148 | $22.0M | 0.30% |
| 61 | HDFC BANK LTD | HDB | 586,480 | $21.4M | 0.29% |
| 62 | UNITEDHEALTH GROUP INC | UNH | 47,217 | $15.6M | 0.21% |
| 63 | LINDE PLC | LIN | 32,838 | $14.0M | 0.19% |
| 64 | HILTON WORLDWIDE HOLDINGS INC | HLT | 46,807 | $13.4M | 0.18% |
| 65 | LOWE'S COS INC | 548661107 | 55,044 | $13.3M | 0.18% |
| 66 | PEPSICO INC | PEP | 86,240 | $12.4M | 0.17% |
| 67 | AMAZON.COM INC | AMZN | 52,700 | $12.2M | 0.17% |
| 68 | COPART INC | CPRT | 291,627 | $11.4M | 0.16% |
| 69 | ORACLE CORP | ORCL-PD | 57,678 | $11.2M | 0.15% |
| 70 | SPDR S&P 500 ETF TRUST | SPY | 11,999 | $10.1M | 0.14% |
| 71 | Expand Energy Corp | EXE | 78,768 | $8.7M | 0.12% |
| 72 | VOLUTION GROUP PLC | G93824103 | 949,746 | $8.3M | 0.11% |
| 73 | COLGATE-PALMOLIVE CO | CL | 96,046 | $7.6M | 0.10% |
| 74 | FACTSET RESEARCH SYSTEMS INC | 303075105 | 24,755 | $7.2M | 0.10% |
| 75 | STANTEC INC | STN | 73,848 | $7.0M | 0.09% |
| 76 | ALAMOS GOLD INC NEW | AGI | 180,127 | $7.0M | 0.09% |
| 77 | NIKE INC | NKE | 108,620 | $6.9M | 0.09% |
| 78 | VANECK JUNIOR GOLD MINERS | 92189F791 | 54,201 | $6.2M | 0.08% |
| 79 | CGI INC | GIB | 66,272 | $6.1M | 0.08% |
| 80 | DESCARTES SYS GROUP INC | 249906108 | 69,455 | $6.1M | 0.08% |
| 81 | RALLIANT CORP | RAL | 111,303 | $5.7M | 0.08% |
| 82 | COLLIERS INTL GROUP INC | 194693107 | 38,370 | $5.6M | 0.08% |
| 83 | KINROSS GOLD CORP | KGCRF | 161,759 | $4.6M | 0.06% |
| 84 | FIRSTSERVICE CORP | FSV | 28,344 | $4.4M | 0.06% |
| 85 | EQUIFAX INC | EFX | 20,094 | $4.4M | 0.06% |
| 86 | BANK OF NT BUTTERFIELD & SON L | G0772R208 | 64,395 | $3.2M | 0.04% |
| 87 | SYNCHRONY FINANCIAL | SYF-PB | 34,784 | $2.9M | 0.04% |
| 88 | JACK HENRY & ASSOCIATES INC | 426281101 | 15,457 | $2.8M | 0.04% |
| 89 | ADOBE INC | ADBE | 8,000 | $2.8M | 0.04% |
| 90 | GRANITE REAL ESTATE INVESTMENT TRUST | 387437205 | 44,256 | $2.6M | 0.04% |
| 91 | ATS CORP | ATS | 80,600 | $2.2M | 0.03% |
| 92 | WASTE CONNECTIONS INC | WCN | 12,000 | $2.1M | 0.03% |
| 93 | CIGNA CORP | 125523100 | 7,550 | $2.1M | 0.03% |
| 94 | ERO COPPER CORP | ERO | 64,358 | $1.8M | 0.02% |
| 95 | ZOETIS INC | ZTS | 13,676 | $1.7M | 0.02% |
| 96 | TFI INTERNATIONAL INC | 87241L109 | 16,200 | $1.7M | 0.02% |
| 97 | SLB LTD | SLB | 7,254 | $1.6M | 0.02% |
| 98 | ROYAL GOLD INC | RGLD | 6,210 | $1.4M | 0.02% |
| 99 | RANGE RESOURCES CORP | RRC | 15,800 | $1.3M | 0.02% |
| 100 | VIPER ENERGY INC/OLD | VNOM | 25,000 | $965,750 | 0.01% |
| 101 | UNION PACIFIC CORP | UNP | 1,873 | $433,262 | 0.01% |
| 102 | THERMO FISHER SCIENTIFIC INC | TMO | 732 | $424,157 | 0.01% |
| 103 | FORTIS INC | FTRSF | 7,596 | $394,938 | 0.01% |
| 104 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 4,468 | $328,957 | 0.00% |
| 105 | MEDTRONIC PLC | MDT | 3,319 | $318,823 | 0.00% |
| 106 | EXPAND ENERGY CORP | EXE | 3,236 | $130,584 | 0.00% |
| 107 | LOCKHEED MARTIN CORP | LMT | 10 | $12,200 | 0.00% |
| 108 | CANADIAN NATL RAILWAY CO | 136375102 | 30 | $5,792 | 0.00% |
| 109 | PHILIP MORRIS INTERNATIONAL | 718172109 | 9 | $4,230 | 0.00% |
| 110 | FISERV INC | FISV | 13 | $208 | 0.00% |