Canal Insurance Co 13F annual report

Canal Insurance Co is an investment fund managing more than $378 million ran by William Iii. There are currently 76 companies in Mr. Iii’s portfolio. The largest investments include Microsoft and Northrop Grumman, together worth $49.8 million.

$378 million Assets Under Management (AUM)

As of 25th July 2024, Canal Insurance Co’s top holding is 62,500 shares of Microsoft currently worth over $27.9 million and making up 7.4% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Canal Insurance Co owns more than approximately 0.1% of the company. In addition, the fund holds 50,093 shares of Northrop Grumman worth $21.8 million, whose value grew 8.5% in the past six months. The third-largest holding is Chevron worth $18.7 million and the next is Lockheed Martin worth $17.1 million, with 36,600 shares owned.

Currently, Canal Insurance Co's portfolio is worth at least $378 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Canal Insurance Co

The Canal Insurance Co office and employees reside in Greenville, South Carolina. According to the last 13-F report filed with the SEC, William Iii serves as the Senior Vice President Investments at Canal Insurance Co.

Recent trades

In the most recent 13F filing, Canal Insurance Co revealed that it had opened a new position in Dell Technologies Inc and bought 15,000 shares worth $2.07 million. This means they effectively own approximately 0.1% of the company. Dell Technologies Inc makes up 5.0% of the fund's Technology sector allocation and has grown its share price by 113.0% in the past year.

The investment fund also strengthened its position in CVS Health Corp by buying 10,000 additional shares. This makes their stake in CVS Health Corp total 200,000 shares worth $11.8 million. CVS Health Corp dropped 18.4% in the past year.

On the other hand, there are companies that Canal Insurance Co is getting rid of from its portfolio. Canal Insurance Co closed its position in Flowers Foods on 1st August 2024. It sold the previously owned 50,000 shares for $1.19 million. William Iii also disclosed a decreased stake in Walmart Inc by 0.3%. This leaves the value of the investment at $8.8 million and 130,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Canal Insurance Co are Phh Investments and Epstein & White. They manage $378 million and $378 million respectively.


William Iii investment strategy

Canal Insurance Co’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Health Care — making up 18.3% of the total portfolio value. The fund focuses on investments in the United States as 55.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 53% of the total holdings value. On the other hand, small-cap stocks make up only 2.6% of the portfolio. The average market cap of the portfolio companies is close to $129 billion.

The complete list of Canal Insurance Co trades based on 13F SEC filings

These positions were updated on August 1st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Microsoft Corporation
No change
62,500
$27,934,000 7.39%
Northrop Grumman Corp.
No change
50,093
$21,838,000 5.78%
Chevron Corp.
No change
119,240
$18,652,000 4.93%
Lockheed Martin Corp.
No change
36,600
$17,096,000 4.52%
Abbvie Inc
No change
92,500
$15,866,000 4.20%
Duke Energy Corp.
No change
150,166
$15,051,000 3.98%
Exxon Mobil Corp.
No change
115,000
$13,239,000 3.50%
International Business Machs
No change
73,000
$12,625,000 3.34%
BP plc
No change
330,000
$11,913,000 3.15%
CVS Health Corp
5.26%
200,000
$11,812,000 3.12%
Johnson & Johnson
No change
75,000
$10,962,000 2.90%
AeroVironment Inc.
No change
60,000
$10,930,000 2.89%
Raytheon Technologies Corp
No change
103,662
$10,407,000 2.75%
Pfizer Inc.
No change
340,000
$9,513,000 2.52%
Walmart Inc
27.78%
130,000
$8,802,000 2.33%
Bristol-Myers Squibb Co.
66.67%
200,000
$8,306,000 2.20%
Williams Cos Inc
25.00%
150,000
$6,375,000 1.69%
Conocophillips
No change
55,000
$6,291,000 1.66%
General Dynamics Corp.
No change
20,000
$5,803,000 1.53%
Dominion Energy Inc
No change
110,000
$5,390,000 1.43%
L3Harris Technologies Inc
No change
24,000
$5,390,000 1.43%
Ishares U S Etf Tr
No change
100,000
$5,033,000 1.33%
Thermo Fisher Scientific Inc.
No change
9,000
$4,977,000 1.32%
Fluor Corp New
26.67%
110,000
$4,791,000 1.27%
Phillips 66
No change
32,500
$4,588,000 1.21%
Fluence Energy Inc
13.04%
260,000
$4,508,000 1.19%
Becton Dickinson & Co
No change
19,123
$4,469,000 1.18%
Enterprise Prods Partners L
50.00%
150,000
$4,347,000 1.15%
Abbott Labs
No change
40,000
$4,156,000 1.10%
Enersys
No change
39,321
$4,071,000 1.08%
Kratos Defense & Sec Solutio
21.79%
200,000
$4,002,000 1.06%
Ishares Tr
No change
78,000
$3,985,000 1.05%
Kinder Morgan Inc
No change
200,000
$3,974,000 1.05%
GSK Plc
49.38%
102,500
$3,946,000 1.04%
Newmont Corp
No change
80,000
$3,350,000 0.89%
Baxter International Inc.
No change
100,000
$3,345,000 0.88%
Barrick Gold Corp.
No change
200,000
$3,336,000 0.88%
AT&T Inc.
No change
170,000
$3,249,000 0.86%
Canadian Pacific Kansas City
No change
40,300
$3,173,000 0.84%
Markel Corp
No change
2,000
$3,151,000 0.83%
Disney Walt Co
No change
30,000
$2,979,000 0.79%
Verizon Communications Inc
No change
68,000
$2,804,000 0.74%
Enbridge Inc
No change
76,720
$2,730,000 0.72%
Rivian Automotive, Inc.
50.00%
195,000
$2,617,000 0.69%
Kraft Heinz Co
No change
80,000
$2,578,000 0.68%
Global X Fds
90.63%
63,100
$2,449,000 0.65%
Bloom Energy Corp
185.71%
200,000
$2,448,000 0.65%
Arcadium Lithium Plc
2.11%
725,000
$2,436,000 0.64%
Bhp Group Ltd
No change
40,000
$2,284,000 0.60%
Dell Technologies Inc
Opened
15,000
$2,069,000 0.55%
Blackrock Res & Commodities
No change
204,174
$1,876,000 0.50%
Nuscale Pwr Corp
No change
160,000
$1,870,000 0.49%
Valero Energy Corp.
50.00%
10,000
$1,568,000 0.41%
The Southern Co.
No change
20,000
$1,551,000 0.41%
Direxion Shs Etf Tr
33.33%
40,000
$1,481,000 0.39%
Cisco Sys Inc
Opened
30,000
$1,425,000 0.38%
Intel Corp.
No change
40,000
$1,239,000 0.33%
Ark Etf Tr
No change
80,000
$1,194,000 0.32%
Flowers Foods, Inc.
Closed
50,000
$1,188,000
VanEck ETF Trust
Closed
20,000
$1,027,000
Otis Worldwide Corporation
No change
10,000
$963,000 0.25%
Spire Inc.
No change
15,690
$953,000 0.25%
AAR Corp.
No change
12,000
$872,000 0.23%
Cerence Inc
Closed
55,000
$866,000
Haleon Plc
No change
100,000
$826,000 0.22%
Woodside Energy Group Ltd
No change
42,456
$799,000 0.21%
AES Corp.
No change
40,000
$703,000 0.19%
Campbell Soup Co.
No change
15,000
$678,000 0.18%
Viatris Inc.
No change
60,000
$638,000 0.17%
Carrier Global Corporation
No change
10,000
$631,000 0.17%
Warner Bros.Discovery Inc
Closed
66,288
$579,000
Aecon Group Inc
No change
40,000
$495,000 0.13%
Kellogg Co
No change
8,000
$461,000 0.12%
Samsara Inc.
Opened
13,618
$459,000 0.12%
TC Energy Corporation
No change
10,000
$379,000 0.10%
Kyndryl Hldgs Inc
No change
14,400
$379,000 0.10%
Walgreens Boots Alliance Inc
No change
22,000
$266,000 0.07%
NIO Inc
No change
40,000
$166,000 0.04%
Eos Energy Enterprises, Inc.
No change
100,000
$127,000 0.03%
Wk Kellogg Co
No change
2,000
$33,000 0.01%
No transactions found
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