Canoe Financial LP Q3 2025 Filing

Filed October 15, 2025

Portfolio Value

$7.0T

Holdings

105

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (105 positions)

#StockSharesValue% PortfolioType
1
TSMTAIWAN SEMICONDUCTOR MANUFACTU
1,344,173$375.4B5.36%
2
GOOGLALPHABET INC
1,176,314$286.0B4.08%
3
MSFTMICROSOFT CORP
544,381$282.0B4.03%
4
CNRCANADIAN NATIONAL RAILWAY CO
2,768,282$261.0B3.73%
5
WFCWELLS FARGO & CO
2,792,029$234.0B3.34%
6
AZOAUTOZONE INC
51,746$222.0B3.17%
7
OTISOTIS WORLDWIDE CORP
2,411,956$220.5B3.15%
8
MCOMOODY'S CORP
412,142$196.4B2.80%
9
AEMAGNICO EAGLE MINES LIMITED
1,129,144$190.1B2.71%
10
CRCCANADIAN NATURAL RESOURCES LTD
5,721,033$182.9B2.61%
11
MAMASTERCARD INC
303,681$172.7B2.47%
12
4I1PHILIP MORRIS INTERNATIONAL IN
1,015,582$164.7B2.35%
13
AXPAMERICAN EXPRESS CO
492,943$163.7B2.34%
14
QSRRESTAURANT BRANDS INTL INC
2,523,267$161.8B2.31%
15
ADIANALOG DEVICES INC
644,365$158.3B2.26%
16
RYROYAL BANK OF CANADA
1,026,117$151.2B2.16%
17
CMECME GROUP INC
556,262$150.3B2.15%
18
TECK/BTECK RESOURCES LTD
3,348,736$146.9B2.10%
19
ORCLORACLE CORP
514,998$144.8B2.07%
20
EQTEQT CORP
2,467,725$133.3B1.90%
21
RBARB GLOBAL INC
1,217,774$131.9B1.88%
22
VVISA INC
383,914$131.1B1.87%
23
CVSCVS HEALTH CORP
1,704,608$128.5B1.83%
24
ELVELEVANCE HEALTH INC
389,399$125.8B1.80%
25
TJXTJX COS INC/THE
858,317$124.1B1.77%
26
ROSTROSS STORES INC
790,377$120.4B1.72%
27
MSCIMSCI INC
209,831$119.1B1.70%
28
ROPROPER TECHNOLOGIES INC
238,584$119.0B1.70%
29
SYYSYSCO CORP
1,427,181$117.5B1.68%
30
SHWSHERWIN-WILLIAMS CO/THE
337,057$116.7B1.67%
31
ICEINTERCONTINENTAL EXCHANGE INC
663,757$111.8B1.60%
32
UNHUNITEDHEALTH GROUP INC
321,051$110.9B1.58%
33
WPMWHEATON PRECIOUS METALS CORP
972,532$108.8B1.55%
34
WTWWILLIS TOWERS WATSON PLC
257,589$89.0B1.27%
35
MTBM&T BANK CORP
433,679$85.7B1.22%
36
BRK/BBERKSHIRE HATHAWAY INC
161,339$81.1B1.16%
37
COFCAPITAL ONE FINANCIAL CORP
378,889$80.5B1.15%
38
MTDMETTLER-TOLEDO INTERNATIONAL I
56,124$68.9B0.98%
39
TDTORONTO DOMINION BANK
843,946$67.5B0.96%
40
EFXENERFLEX LTD
6,163,214$66.5B0.95%
41
ASML.ASASML HOLDING NV
68,290$66.4B0.95%
42
CRMSALESFORCE INC
244,683$58.0B0.83%
43
FISVFISERV INC
418,419$54.0B0.77%
44
RRCRANGE RESOURCES CORP
1,391,309$52.4B0.75%
45
RCI/BROGERS COMMUNICATIONS INC
1,396,911$48.1B0.69%
46
NOCNORTHROP GRUMMAN CORP
78,264$47.7B0.68%
47
GGGGRACO INC
554,374$47.1B0.67%
48
CBCHUBB LTD
142,451$40.2B0.57%
49
SPGIS&P GLOBAL INC
74,384$36.2B0.52%
50
ICLRICON PLC
197,970$34.6B0.49%
51
EMREMERSON ELECTRIC CO
238,587$31.3B0.45%
52
AONAON PLC
79,229$28.3B0.40%
53
MARMARRIOTT INTERNATIONAL INC/MD
105,541$27.5B0.39%
54
ALCALCON INC
340,728$25.4B0.36%
55
EXEExpand Energy Corp
218,937$22.7B0.32%
56
HDBHDFC BANK LTD
636,180$21.7B0.31%
57
LOWLOWE'S COS INC
86,224$21.7B0.31%
58
BTEBAYTEX ENERGY CORP
8,304,327$19.5B0.28%
59
LINLINDE PLC
30,838$14.6B0.21%
60
HLTHILTON WORLDWIDE HOLDINGS INC
50,987$13.2B0.19%
61
JNJJOHNSON & JOHNSON
70,826$13.1B0.19%
62
CPRTCOPART INC
279,327$12.6B0.18%
63
PEPPEPSICO INC
89,140$12.5B0.18%
64
CARRCARRIER GLOBAL CORP
168,903$10.1B0.14%
65
AGIALAMOS GOLD INC NEW
240,500$8.4B0.12%
66
STNSTANTEC INC
75,205$8.1B0.12%
67
CLCOLGATE-PALMOLIVE CO
99,646$8.0B0.11%
68
ADBEADOBE INC
20,266$7.1B0.10%
69
FDSFACTSET RESEARCH SYSTEMS INC
24,755$7.1B0.10%
70
NKENIKE INC
101,620$7.1B0.10%
71
SUSUNCOR ENERGY INC
155,300$7.1B0.10%
72
SPYSPDR S&P 500 ETF TRUST
13,126$6.5B0.09%
73
CIGICOLLIERS INTL GROUP INC
40,180$6.3B0.09%
74
GDXJVANECK JUNIOR GOLD MINERS
62,571$6.2B0.09%
75
GIB/ACGI INC
66,947$6.0B0.09%
76
FSVFIRSTSERVICE CORP
30,316$5.8B0.08%
77
DSGDESCARTES SYS GROUP INC
60,055$5.7B0.08%
78
KGCKINROSS GOLD CORP
198,371$4.9B0.07%
79
RALRALLIANT CORP
111,303$4.9B0.07%
80
TMOTHERMO FISHER SCIENTIFIC INC
9,000$4.4B0.06%
81
DEODIAGEO PLC
45,000$4.3B0.06%
82
EFAISHARES MSCI EAFE ETF
45,701$4.2B0.06%
83
EFXEQUIFAX INC
12,729$3.3B0.05%
84
NTBBANK OF NT BUTTERFIELD & SON L
67,758$2.9B0.04%
85
SYFSYNCHRONY FINANCIAL
35,827$2.5B0.04%
86
RGLDROYAL GOLD INC
12,241$2.5B0.04%
87
GRT-UGRANITE REAL ESTATE INVESTMENT TRUST
39,100$2.2B0.03%
88
JKHYJACK HENRY & ASSOCIATES INC
14,461$2.2B0.03%
89
WCNWASTE CONNECTIONS INC
12,000$2.1B0.03%
90
ATSATS CORP
78,877$2.1B0.03%
91
ZTSZOETIS INC
12,130$1.8B0.03%
92
CICIGNA CORP
5,433$1.6B0.02%
93
TFIITFI INTERNATIONAL INC
16,200$1.4B0.02%
94
EROERO COPPER CORP
50,762$1.0B0.01%
95
XOPSPDR S&P OIL & GAS EXP & PR
4,488$869.6M0.01%
96
HIIHUNTINGTON INGALLS INDUSTRIES
2,639$759.8M0.01%
97
FERGFERGUSON ENTERPRISES INC/DE
2,772$622.5M0.01%
98
ABNBAIRBNB INC
4,866$590.8M0.01%
99
XLEENERGY SELECT SECTOR SPDR
12,000$570.0M0.01%
100
FTSFORTIS INC
7,609$385.9M0.01%
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