Cardinal Capital Management 13F annual report
Cardinal Capital Management is an investment fund managing more than $2.25 trillion ran by Dewayne Osborn. There are currently 53 companies in Mr. Osborn’s portfolio. The largest investments include Suncor and Manulife, together worth $267 billion.
$2.25 trillion Assets Under Management (AUM)
As of 2nd April 2024, Cardinal Capital Management’s top holding is 3,708,549 shares of Suncor currently worth over $137 billion and making up 6.1% of the portfolio value.
Relative to the number of outstanding shares of Suncor, Cardinal Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 5,188,673 shares of Manulife worth $130 billion, whose value grew 34.8% in the past six months.
The third-largest holding is Bank of Montreal worth $120 billion and the next is Royal Bank Of Canada worth $119 billion, with 1,180,530 shares owned.
Currently, Cardinal Capital Management's portfolio is worth at least $2.25 trillion. 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 Cardinal Capital Management
The Cardinal Capital Management office and employees reside in Winnipeg, Manitoba, Canada. According to the last 13-F report filed with the SEC, Dewayne Osborn serves as the Chief Compliance Officer at Cardinal Capital Management.
Recent trades
In the most recent 13F filing, Cardinal Capital Management revealed that it had opened a new position in
Canadian Pacific Kansas City Ltd. and bought 1,174,210 shares worth $104 billion.
The investment fund also strengthened its position in Bank of Montreal by buying
1,761 additional shares.
This makes their stake in Bank of Montreal total 1,233,075 shares worth $120 billion.
Bank of Montreal dropped approximately 0.1% in the past year.
On the other hand, there are companies that Cardinal Capital Management is getting rid of from its portfolio.
Cardinal Capital Management closed its position in Canadian Pacific Kansas City L on 9th April 2024.
It sold the previously owned 1,180,179 shares for $93.7 billion.
Dewayne Osborn also disclosed a decreased stake in Suncor by approximately 0.1%.
This leaves the value of the investment at $137 billion and 3,708,549 shares.
One of the largest hedge funds
The two most similar investment funds to Cardinal Capital Management are Westwood Global Investments and Naspers Ltd. They manage $2.26 trillion and $2.26 trillion respectively.
Dewayne Osborn investment strategy
Cardinal Capital Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Finance — making up 26.6% of
the total portfolio value.
The fund focuses on investments in the Canada as
28.3% of the portfolio companies
are based in the Canada.
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
58% of the total holdings value.
On the other hand, small-cap stocks make up only 5.7% of the portfolio.
The average market cap of the portfolio companies is close to $201 billion.
The complete list of Cardinal Capital Management trades based on 13F SEC filings
These positions were updated on April 9th 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 |
|---|---|---|---|
| Suncor Energy, Inc. |
3.05%
3,708,549
|
$136,966,283,000 | 6.08% |
| Manulife Financial Corp. |
1.51%
5,188,673
|
$129,683,595,000 | 5.76% |
| Bank of Montreal |
0.14%
1,233,075
|
$120,479,222,000 | 5.35% |
| Royal Bank Of Canada |
0.07%
1,180,530
|
$119,156,360,000 | 5.29% |
| Canadian Imperial Bank Of Commerce |
0.86%
2,279,009
|
$115,621,891,000 | 5.13% |
| Gildan Activewear Inc |
0.80%
2,865,050
|
$106,406,479,000 | 4.72% |
| Canadian Pacific Kansas City Ltd. |
Opened
1,174,210
|
$103,606,033,000 | 4.60% |
| TC Energy Corporation |
1.32%
2,516,832
|
$101,227,460,000 | 4.49% |
| Enbridge Inc |
1.36%
2,755,230
|
$99,641,088,000 | 4.42% |
| Bank Of Nova Scotia |
2.07%
1,918,252
|
$99,303,668,000 | 4.41% |
| Brookfield Corp. |
0.50%
2,320,364
|
$97,165,690,000 | 4.31% |
| Pembina Pipeline Corporation |
1.14%
2,666,186
|
$94,175,117,000 | 4.18% |
| Canadian Pacific Kansas City L |
Closed
1,180,179
|
$93,674,727,000 | |
| Toronto Dominion Bank |
13.80%
1,547,298
|
$93,451,883,000 | 4.15% |
| Canadian National Railway Co. |
0.56%
448,479
|
$59,100,340,000 | 2.62% |
| Sun Life Financial, Inc. |
1.77%
771,631
|
$42,134,695,000 | 1.87% |
| Applied Materials Inc. |
8.60%
203,248
|
$41,915,835,000 | 1.86% |
| Jpmorgan Chase Co. |
6.55%
183,601
|
$36,775,280,000 | 1.63% |
| Abbvie Inc |
1.78%
196,491
|
$35,781,011,000 | 1.59% |
| Cummins Inc. |
0.24%
112,753
|
$33,222,671,000 | 1.48% |
| Wells Fargo Co. |
1.21%
571,442
|
$33,120,778,000 | 1.47% |
| T-Mobile US, Inc. |
0.89%
188,530
|
$30,771,867,000 | 1.37% |
| Nutrien Ltd |
23.21%
542,380
|
$29,488,281,000 | 1.31% |
| Sap Se Adr |
3.26%
150,415
|
$29,335,437,000 | 1.30% |
| Home Depot Inc./the |
1.99%
76,150
|
$29,211,140,000 | 1.30% |
| Merck Co. Inc. |
24.62%
220,413
|
$29,083,495,000 | 1.29% |
| Oracle Corp. |
0.81%
225,956
|
$28,382,333,000 | 1.26% |
| Air Products Chemicals Inc. |
Opened
116,775
|
$28,291,079,000 | 1.26% |
| NextEra Energy Inc |
129.93%
434,701
|
$27,781,741,000 | 1.23% |
| Comcast Corp. Class A |
0.13%
632,431
|
$27,415,884,000 | 1.22% |
| Stanley Black Decker Inc. |
4.02%
265,831
|
$26,032,830,000 | 1.16% |
| CVS Health Corp |
0.81%
323,790
|
$25,825,490,000 | 1.15% |
| Sony Group Corp. - Sp Adr |
0.34%
297,851
|
$25,537,745,000 | 1.13% |
| Honeywell International Inc |
1.38%
122,060
|
$25,052,815,000 | 1.11% |
| Nxp Semiconductors Nv - Adr |
Opened
97,904
|
$24,257,674,000 | 1.08% |
| Medtronic Plc - Adr |
13.59%
236,476
|
$20,608,883,000 | 0.92% |
| Broadcom Inc. |
15.05%
15,516
|
$20,565,062,000 | 0.91% |
| Unilever Plc Adr |
8.86%
398,947
|
$20,023,150,000 | 0.89% |
| Granite Real Estate Investment |
19.17%
342,105
|
$19,539,888,000 | 0.87% |
| Conocophillips |
5.27%
122,140
|
$15,545,979,000 | 0.69% |
| Unitedhealth Group Inc |
4.21%
30,267
|
$14,973,085,000 | 0.66% |
| Gilead Sciences, Inc. |
4.95%
189,220
|
$13,860,365,000 | 0.62% |
| Equinix Inc |
6.67%
16,610
|
$13,708,731,000 | 0.61% |
| Global Payments, Inc. |
5.57%
101,166
|
$13,521,848,000 | 0.60% |
| Telus Corp. |
0.16%
333,576
|
$5,340,485,000 | 0.24% |
| BCE Inc |
0.03%
146,588
|
$4,985,014,000 | 0.22% |
| Us Bancorp |
2.95%
38,031
|
$1,699,986,000 | 0.08% |
| Bank Of America Corp. |
98.63%
11,165
|
$423,377,000 | 0.02% |
| Fortis Inc./canada |
10.07%
10,115
|
$399,644,000 | 0.02% |
| Microsoft Corporation |
11.83%
902
|
$379,489,000 | 0.02% |
| Cisco Systems, Inc. |
Closed
7,500
|
$378,900,000 | |
| Rogers Communications Inc. - C |
Closed
7,275
|
$341,655,000 | |
| Electronic Arts, Inc. |
18.69%
2,445
|
$324,378,000 | 0.01% |
| AMGEN Inc. |
No change
1,000
|
$284,320,000 | 0.01% |
| Apple Inc |
No change
1,325
|
$227,211,000 | 0.01% |
| Texas Instruments Inc. |
Opened
1,200
|
$209,052,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 56 holdings | |||
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