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Livermore
Livermore
ZHEN

Canoe Financial LP

SEC CIK
0001908219
Latest filing
Jul 16, 2026

Holdings in Q2 2023

Holdings as of Jun 30, 2023, filed Aug 10, 2023. Long positions only; changes compare share counts with Q1 2023.

Institution overview
Positions
103
−94 vs. Q1 2023
Portfolio value
$4.78B
−$2.37B (−33.2%) vs. Q1 2023
Filed
Aug 10, 2023
SEC
Holdings of Canoe Financial LP in Q2 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock674,765$229.9M4.8%−2,082−0.3%ReducedHistory
JNJJohnson & JohnsonStock1,170,454$193.8M4.1%+37,684+3.3%AddedHistory
UNHUnitedHealth Group IncStock343,551$165.2M3.5%+22,775+7.1%AddedHistory
QSRRestaurant Brands International Inc.COM1,982,324$153.8M3.2%−90,356−4.4%ReducedHistory
MCOMoodys CorpStock435,330$151.4M3.2%+1,800+0.4%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR1,478,270$149.2M3.1%+54,910+3.9%AddedHistory
RYRoyal Bank of CanadaStock1,540,760$147.2M3.1%−63,378−4.0%ReducedHistory
MAMastercard IncStock374,057$147.2M3.1%+1,300+0.3%AddedHistory
PMPhilip Morris International Inc.Stock1,481,867$144.7M3.0%−64,906−4.2%ReducedHistory
GOOGLAlphabet Inc.Stock1,206,138$144.4M3.0%−42,538−3.4%ReducedHistory
AZOAutoZone IncCOM52,800$131.7M2.8%+1,399+2.7%AddedHistory
UNPUnion Pacific CorpStock629,684$128.9M2.7%+250,278+66.0%AddedHistory
TDToronto Dominion BankStock1,848,301$114.6M2.4%+205,119+12.5%AddedHistory
AEMAgnico Eagle Mines LtdStock2,186,031$109.2M2.3%−87,653−3.9%ReducedHistory
WFCWells Fargo & CompanyStock2,399,707$102.5M2.1%−595,118−19.9%ReducedHistory
CVSCVS Health CorpStock1,438,544$99.5M2.1%+105,115+7.9%AddedHistory
FDXFedEx CorpStock396,133$98.2M2.1%+49,969+14.4%AddedHistory
TJXTJX Companies IncStock1,145,216$97.1M2.0%+13,100+1.2%AddedHistory
OTISOtis Worldwide CorpStock968,894$86.3M1.8%+6,600+0.7%AddedHistory
Barrick Gold Corp067901108COM4,890,710$82.8M1.7%−200,857−3.9%Reduced–
ELVElevance Health, Inc.Stock182,584$81.2M1.7%−13,615−6.9%ReducedHistory
SHWSherwin Williams CoCOM295,196$78.4M1.6%−1,100−0.4%ReducedHistory
WPMWheaton Precious Metals Corp.COM1,794,266$77.6M1.6%−75,575−4.0%ReducedHistory
MSCIMSCI Inc.Stock159,593$74.9M1.6%−4,623−2.8%ReducedHistory
CPCanadian Pacific Kansas City LtdCOM914,357$73.9M1.5%+12,925+1.4%AddedHistory
BMYBristol Myers Squibb CoStock1,105,248$70.7M1.5%+18,198+1.7%AddedHistory
GEGeneral Electric CoStock621,097$68.3M1.4%−180,348−22.5%ReducedHistory
EFXTEnerflex Ltd.COM10,019,941$68.3M1.4%−354,187−3.4%ReducedHistory
MTDMettler Toledo International IncCOM50,778$66.6M1.4%+200.0%AddedHistory
MDLZMondelez International, Inc.Stock910,733$66.5M1.4%−40,152−4.2%ReducedHistory
EMREmerson Electric CoStock723,491$65.4M1.4%+723,491NewHistory
ROSTRoss Stores, Inc.COM578,323$64.9M1.4%−205,378−26.2%ReducedHistory
NKENIKE, Inc.Stock585,917$64.7M1.4%−41,114−6.6%ReducedHistory
GGGGraco IncCOM732,430$63.3M1.3%+14,800+2.1%AddedHistory
CMECME Group Inc.COM329,338$61.0M1.3%+41,164+14.3%AddedHistory
BRK.BBerkshire Hathaway IncStock177,894$60.7M1.3%−7,662−4.1%ReducedHistory
CLColgate Palmolive CoStock769,463$59.3M1.2%+703,043+1,058.5%AddedHistory
CNQCanadian Natural Resources LtdCOM1,037,840$58.4M1.2%−1,396,615−57.4%ReducedHistory
MSMorgan StanleyStock679,080$58.0M1.2%−30,195−4.3%ReducedHistory
RCIRogers Communications IncCL B962,154$43.9M0.9%−454,734−32.1%ReducedHistory
MGAMagna International IncCOM764,535$43.2M0.9%−362,353−32.2%ReducedHistory
AZNAstraZeneca PLCSPONSORED ADR563,962$40.4M0.8%−23,906−4.1%ReducedHistory
DDDuPont de Nemours, Inc.COM544,599$38.9M0.8%−434,022−44.4%ReducedHistory
CCJCameco CorpStock1,223,368$38.3M0.8%−51,047−4.0%ReducedHistory
FNVFranco Nevada CorpStock259,846$37.0M0.8%−10,812−4.0%ReducedHistory
CNCCentene CorpStock543,181$36.7M0.8%+70,086+14.8%AddedHistory
ATSATS CorpCOM745,089$34.3M0.7%−104,163−12.3%ReducedHistory
CBChubb LtdStock164,846$31.8M0.7%−8,338−4.8%ReducedHistory
SLFSun Life Financial IncCOM566,378$29.5M0.6%−21,262−3.6%ReducedHistory
SPGIS&P Global Inc.Stock71,725$28.8M0.6%+3,800+5.6%AddedHistory
FTVFortive CorpStock365,469$27.3M0.6%−10,275−2.7%ReducedHistory
Tricon Residential Inc Com NPV89612W102COM2,963,959$26.1M0.5%−111,658−3.6%Reduced–
SAPGFSAP SECOM155,783$21.3M0.4%+14,000+9.9%AddedHistory
CVECenovus Energy Inc.COM1,171,895$19.9M0.4%+1,171,895NewHistory
RRCRange Resources CorpCOM641,000$19.4M0.4%+641,000NewHistory
BKRBaker Hughes CoCL A539,800$17.1M0.4%+131,600+32.2%AddedHistory
HDBHDFC Bank LtdSPONSORED ADS241,481$16.8M0.4%+19,600+8.8%AddedHistory
LINLinde PLCStock43,864$16.7M0.3%+2,200+5.3%AddedHistory
LOWLowes Companies IncStock71,344$16.1M0.3%+3,000+4.4%AddedHistory
PEPPepsiCo IncStock80,651$14.9M0.3%+3,400+4.4%AddedHistory
ORCLOracle CorpStock122,226$14.6M0.3%+5,700+4.9%AddedHistory
ASHAshland Inc.COM154,877$13.5M0.3%−201,851−56.6%ReducedHistory
ADIAnalog Devices IncStock67,388$13.1M0.3%+4,700+7.5%AddedHistory
SSRMSSR Mining Inc.Stock849,956$12.1M0.3%−35,671−4.0%ReducedHistory
VNOMViper Energy, Inc.COM UNT RP INT425,000$11.4M0.2%+75,000+21.4%AddedHistory
BDXBecton Dickinson & CoStock42,178$11.1M0.2%+4,000+10.5%AddedHistory
ADBEAdobe Inc.Stock20,516$10.0M0.2%−266−1.3%ReducedHistory
ACDCProFrac Holding Corp.CLASS A COM894,489$9.99M0.2%−73,011−7.5%ReducedHistory
CARRCarrier Global CorpStock200,050$9.95M0.2%+13,900+7.5%AddedHistory
MIDDMIDDLEBY CorpCOM63,839$9.44M0.2%+7,568+13.4%AddedHistory
MTZMastec IncCOM79,000$9.32M0.2%−63,500−44.6%ReducedHistory
FDSFactset Research Systems IncStock20,632$8.27M0.2%+3,700+21.9%AddedHistory
STNStantec IncCOM118,064$7.71M0.2%+3,616+3.2%AddedHistory
CIGIColliers International Group Inc.SUB VTG SHS69,986$6.87M0.1%−124,830−64.1%ReducedHistory
Crescent PT Energy Corp22576C101COM884,800$5.96M0.1%+884,800New–
CNICanadian National Railway CoStock47,137$5.71M0.1%00.0%UnchangedHistory
DSGXDescartes Systems Group IncCOM59,577$4.77M0.1%+11,386+23.6%AddedHistory
TFIITFI International Inc.COM38,382$4.37M0.1%+11,301+41.7%AddedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF144,555$4.35M0.1%−4,117−2.8%Reduced–
ENBEnbridge IncStock97,447$3.62M0.1%00.0%UnchangedHistory
Granite Real Estate Invt Tr387437114UNIT 99/99/999955,709$3.30M0.1%+7,686+16.0%Added–
TRPTC Energy CorpCOM79,860$3.23M0.1%+79,860NewHistory
OTEXOpen Text CorpCOM77,215$3.21M0.1%−30,600−28.4%ReducedHistory
BMOBank of MontrealCOM35,105$3.17M0.1%−2,700−7.1%ReducedHistory
FSVFirstService CorpCOM19,742$3.04M0.1%+3,409+20.9%AddedHistory
BNBROOKFIELD CorpCL A LTD VT SH81,845$2.76M0.1%+81,845NewHistory
NTRNutrien Ltd.COM46,126$2.72M0.1%+46,126NewHistory
FTSFortis Inc.COM62,536$2.70M0.1%00.0%UnchangedHistory
AGIAlamos Gold IncStock220,592$2.63M0.1%−33,401−13.2%ReducedHistory
RGLDRoyal Gold IncStock21,825$2.51M0.1%+4,269+24.3%AddedHistory
WCNWaste Connections, Inc.COM16,600$2.37M<0.1%00.0%UnchangedHistory
SUSuncor Energy IncStock69,211$2.03M<0.1%−437,300−86.3%ReducedHistory
CMCanadian Imperial Bank of CommerceCOM44,600$1.90M<0.1%+1,800+4.2%AddedHistory
Enerplus Corp292766102COM113,643$1.65M<0.1%−36,307−24.2%Reduced–
EROEro Copper Corp.COM68,561$1.39M<0.1%−15,533−18.5%ReducedHistory
Altus Group Ltd02215R107Common Stock40,000$1.33M<0.1%+40,000New–
IMOImperial Oil LtdCOM NEW25,500$1.31M<0.1%+25,500NewHistory
AQNAlgonquin Power & Utilities Corp.COM153,043$1.27M<0.1%00.0%UnchangedHistory
TECKTeck Resources LtdCL B22,120$931.1K<0.1%00.0%UnchangedHistory
SPYSPDR S&P 500 ETF TrustETF10,125$918.8K<0.1%+10,125NewHistory

Sold out since Q1 2023 (105)

Positions held at the end of Q1 2023 that are gone from this filing.

The largest 100 of 105 by value last quarter.

Positions of Canoe Financial LP sold out since Q1 2023
SecurityClassShares in Q1 2023Value in Q1 2023% of portfolio in Q1 2023History
TRMLFTourmaline Oil CorpCOM4,321,777$180.1M2.5%History
Arc Resources Ltd00208D408COM13,885,404$157.5M2.2%–
Nestle SAH57312649COM1,223,328$151.4M2.1%–
Louis Vuitton Moet HennessyF58485115COM156,711$144.3M2.0%–
PREKFPrairieSky Royalty LtdCOM8,300,440$131.4M1.8%History
DGEAFDiageo PLCCOM2,490,515$111.3M1.6%History
Keyence CorpJ32491102COM216,948$102.9M1.4%–
Meg Energy552704108COM5,942,962$95.5M1.3%–
Intact Financial45823T106Common/Ordinary649,449$92.9M1.3%–
Headwater Exploration Inc422096107Common Stock18,461,703$86.2M1.2%–
Paramount Resources Ltd Cl A699320206COM3,868,705$84.7M1.2%–
ICHGFIntercontinental Hotels Group PLCCommon Stock1,226,560$80.7M1.1%History
TPZEFTopaz Energy Corp.Common Stock5,475,009$77.4M1.1%History
WSP Global Inc92938W202Common/Ordinary492,905$64.6M0.9%–
Trican Well Service Ltd895945103Common Stock26,372,649$60.1M0.8%–
WCPRFWhitecap Resources Inc.COM6,785,500$52.5M0.7%History
JCIJohnson Controls International plcStock863,873$52.0M0.7%History
Secure Energy Services, Inc.81373C102COM11,142,190$52.0M0.7%–
Definity Financial Corp24477T100SN1,771,547$46.2M0.6%–
Novo-Nordisk A-S OrdK72807132COM269,500$42.0M0.6%–
Empirecoltd291843407Common/Ordinary1,471,184$39.4M0.6%–
SLBSLB LimitedStock760,816$37.4M0.5%History
TMTNFToromont Industries Ltd.Common/Ordinary391,537$32.1M0.4%History
Crew Energy226533107COM8,428,833$29.6M0.4%–
London Stock Exchange Group PLG5689U103COM255,178$24.3M0.3%–
Altius Renewable Royalties CRP02156G102Foreign Ordinary Shares3,625,700$23.2M0.3%–
Essilor Intl OrdF31665106COM124,271$22.6M0.3%–
HUMHumana IncStock45,669$22.2M0.3%History
Cie Financiere Richemont SAH25662182COM128,948$21.1M0.3%–
Roche Hldg AG-GenusscheinH69293217Common Stock58,485$16.7M0.2%–
SVAUFStorageVault Canada Inc.Common Stock3,558,511$16.2M0.2%History
ALCAlcon IncStock224,003$16.0M0.2%History
SHLAFSchindler Holding AGPreferred Stock70,419$15.5M0.2%History
DLMAFDollarama Inc.Common/Ordinary255,249$15.3M0.2%History
AIQUFL Air Liquide SACommon Stock95,874$15.2M0.2%History
Kelt Exploration Ltd488295106Common Stock4,475,000$15.2M0.2%–
Geberit AGH2942E124Common Stock26,404$14.7M0.2%–
Nuvista Energy Ltd.67072Q104COM1,760,000$14.2M0.2%–
SPXSFSpirax-Sarco Engineering PLCCOM97,626$14.0M0.2%History
ULUnilever PLCSPON ADR NEW260,643$13.6M0.2%History
BZLFFBunzl PLCCommon Stock369,231$13.4M0.2%History
Howden Joinery Group PLCG4647J102Common Stock1,580,153$13.4M0.2%–
Cardinal Energy Ltd.14150G400COM2,526,300$13.3M0.2%–
Shimano Inc Ord FJ72262108COM79,351$13.1M0.2%–
Commonwealth Bank of AustraliaQ26915100Common Stock196,418$12.7M0.2%–
Intertek Group Ord GBP0.01G4911B108COMMON231,587$11.7M0.2%–
PHX Energy Services Corp69338U101Common Stock2,187,800$11.0M0.2%–
L'Oreal EUR0.20F58149133COM24,873$10.6M0.1%–
Unicharm Corp OrdJ94104114Common Stock266,608$10.3M0.1%–
Fanuc LtdJ13440102COMMON STOCK264,870$9.25M0.1%–
Rotork PLCG76717134Common Stock2,184,325$8.55M0.1%–
Iafinancialcorp45075E104COMMON126,904$8.04M0.1%–
Andlauer Healthcare Group Inc034223107Common Stock202,862$7.66M0.1%–
Rational AG ShsD6349P107FOREIGN10,866$7.35M0.1%–
Uni-Select Inc90457D100COM189,837$6.81M0.1%–
Keyera Corp493271100Common/Ordinary301,500$6.60M0.1%–
Svenska Handelsbanken AB Shs AW9112U104Common Stock717,401$6.25M0.1%–
Quebecorincb748193208Common/Ordinary227,930$5.63M0.1%–
Lycos Energy Inc55082H107Common Stock15,201,015$5.46M0.1%–
ATZAFAritzia Inc.COMMON138,409$4.44M0.1%History
BGSIBoyd Group Services Inc.Common Stock26,551$4.24M0.1%History
FINGFFinning International Inc.SN139,582$3.48M<0.1%History
BMO Laddered PFD SH Index ETF05581T102ETP516,700$3.44M<0.1%–
National Bank of Canada633067103COM45,915$3.28M<0.1%–
TWC Enterprises Ltd87310A109Common Stock254,383$3.27M<0.1%–
Eqb Inc26886R104Common Stock71,507$3.08M<0.1%–
Cclindustriesinc124900309Common/Ordinary60,750$3.02M<0.1%–
Savaria Corp805112109Common Stock253,332$2.97M<0.1%–
Mullen Group Ltd625284104Common Stock260,719$2.85M<0.1%–
ELEEFElement Fleet Management Corp.CORP COM216,694$2.85M<0.1%History
Park Lawn Corp700563208Common Stock136,180$2.81M<0.1%–
SNC-Lavalin Group Inc78460T105Common Stock107,000$2.63M<0.1%–
Canadian Western Bank13677F101Common Stock140,310$2.57M<0.1%–
Richelieu Hardware Ltd76329W103Common Stock92,967$2.57M<0.1%–
Calian Group Ltd12989J108Common Stock52,662$2.54M<0.1%–
Gdi Integrated Facil361569205COM71,079$2.33M<0.1%–
HLS Therapeutics Inc New40390B109Common Stock499,001$2.33M<0.1%–
Linamar Corp F53278L107COM48,236$2.32M<0.1%–
Superior Plus Corp86828P103COMM280,100$2.31M<0.1%–
Jamieson Wellness Inc470748104COMMON80,389$1.99M<0.1%–
Canadianapartmen134921105Equities53,300$1.87M<0.1%–
Sleep Country Cda Holdings Inc83125J104Common Stock104,135$1.82M<0.1%–
Minto Apt Real Estate Invt60448E103TR UNIT160,600$1.75M<0.1%–
Alimen Couche01626P148COM34,000$1.71M<0.1%–
Boralex Inc09950M300Common Stock52,000$1.58M<0.1%–
TMX Group Ltd87262K105Common/Ordinary15,230$1.54M<0.1%–
Cargojet Inc14179V503COM VARIABLE VTG18,644$1.52M<0.1%–
Yamana Gold Inc98462Y100COM199,608$1.49M<0.1%–
PRBZFPremium Brands Holdings CorpCommon Stock18,603$1.38M<0.1%History
Trisura Group Ltd89679A209COM56,171$1.38M<0.1%–
Constellation Software Inc21037X100COM720$1.35M<0.1%–
NPIFFNorthland Power Inc.COM52,700$1.32M<0.1%History
Freehold Royalties Ltd356500108COM120,000$1.29M<0.1%–
Parkit Enterprise Inc70137X106Common Stock1,525,786$1.10M<0.1%–
Spin Master Corp848510103Common Stock39,929$1.04M<0.1%–
Rubellite Energy Inc78111B206Common Stock530,000$921.6K<0.1%–
STLJFStella-Jones Inc.Common Stock23,318$893.6K<0.1%History
Altagas Ltd021361100COM50,989$850.0K<0.1%–
Chartwell Retirement Residence16141A103Unit120,700$763.6K<0.1%–
Lundin Mining Corp550372106COM101,695$690.8K<0.1%–