Fund HoldingsCardinal Capital Management, Inc.

Total Portfolio Value
$4.45B
Total Bought
$506.65M
Total Sold
$1.19B
Net Transaction
-$682.45M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
Saputo Inc.(SAPIF)5,843,7115,525,855-317,856142,015228,2735.13%+86,258
Manulife Financial Corp.(MFC)4,792,3094,569,808-222,501149,404227,7595.11%+78,355
Royal Bank of Canada(RY)917,144879,128-38,016135,262205,7074.62%+70,446
Canadian Imperial Bank of Commerce(CM)1,831,4801,736,864-94,616146,445216,1184.85%+69,673
Bank of Nova Scotia2,085,2941,997,649-87,645134,924202,2224.54%+67,298
Canadian National Railway Co.(CNI)742,230974,350+232,12070,038132,2682.97%+62,230
Gildan Activewear Inc.(GIL)2,706,5662,543,896-162,670156,460218,2414.90%+61,781
Suncor Energy Inc.(SU)3,641,0233,500,373-140,650152,466213,2424.79%+60,777
Intact Financial Corp510,975534,672+23,69799,478152,7723.43%+53,293
Pembina Pipeline Corp.(PBA)2,975,9243,274,336+298,412120,400171,2143.84%+50,813
Canadian Tire Corp. Ltd. - Cla1,026,702985,701-41,001122,297171,4533.85%+49,155
Brookfield Corp.(BN)2,164,1453,077,748+913,603148,584193,9604.35%+45,375
TC Energy Corp.(TRP)2,496,0172,396,890-99,127135,800181,1574.07%+45,357
Canadian Pacific Kansas City Ltd.(CP)1,494,1331,549,556+55,423111,349156,5833.52%+45,233
Microsoft Corp.(MSFT)93055,217+54,28748236,6310.82%+36,149
Unilever PLC - ADR(UL)0383,058+383,058034,3650.77%+34,365
Element Fleet Management Corp.(ELEEF)3,700,8503,566,874-133,97695,899128,5862.89%+32,687
Bank of Montreal1,107,992988,492-119,500144,472176,1993.96%+31,727
Applied Materials Inc.207,674202,845-4,82942,51971,5081.61%+28,989
Sun Life Financial Inc.(SLF)1,145,2241,074,314-70,91068,81392,0472.07%+23,234
Cummins Inc.(CMI)107,51095,871-11,63945,40967,1291.51%+21,720
Taiwan Semiconductor Manufacturing Co. Ltd.(TSM)70,35298,806+28,45419,64941,1880.92%+21,540
Schneider Electric SE - ADR412,887566,826+153,93923,13042,7140.96%+19,584
Merck & Co. Inc.(MRK)293,875304,534+10,65924,66543,9720.99%+19,307
NXP Semiconductors NV
COM
118,542144,019+25,47726,99642,8820.96%+15,886
AbbVie Inc.(ABBV)192,068191,836-23244,47160,1271.35%+15,656
Siemens AG - ADR280,625277,659-2,96637,88753,3041.20%+15,416
Booking Holdings Inc.(BKNG)6,9727,107+13537,64452,2091.17%+14,565
NextEra Energy Inc.(NEE)456,546432,636-23,91034,46547,6431.07%+13,179
Enel SpA - ADR2,845,0972,806,452-38,64526,91539,9600.90%+13,046
Wells Fargo & Co.(WFC)533,131450,511-82,62044,68757,5961.29%+12,909
Medtronic PLC(MDT)289,535295,210+5,67527,57538,9000.87%+11,324
Nutrien Ltd.(NTR)578,782526,307-52,47534,01144,5891.00%+10,577
Honeywell International Inc.(HON)130,797138,726+7,92927,53337,1250.83%+9,592
Air Products & Chemicals Inc.120,233124,278+4,04532,79042,1110.95%+9,321
US Bancorp(USB)243,101285,196+42,09511,74920,8750.47%+9,126
T-Mobile US Inc.(TMUS)171,071176,744+5,67340,95149,2261.11%+8,275
Boardwalk Real Estate Investment688,497656,695-31,80234,22142,3440.95%+8,122
Carrier Global Corp.(CARR)368,549410,196+41,64722,00229,7320.67%+7,730
United Rentals Inc.(URI)41,06141,773+71239,19946,3751.04%+7,176
Home Depot Inc./The(HD)85,30887,850+2,54234,56641,4670.93%+6,901
Entergy Corp.(ETR)128,830148,190+19,36012,00618,7890.42%+6,783
SAP SE - ADR(SAP)79,82883,841+4,01321,33127,9370.63%+6,606
Granite Real Estate Investment Trust(GRTUF)304,235280,215-24,02016,91622,8960.51%+5,981
Becton Dickinson and Co.(BDX)143,928123,084-20,84426,93932,7670.74%+5,828
Equinix Inc.(EQIX)16,21816,275+5712,70317,1050.38%+4,402
Emera Inc.(EMA)218,770217,825-94510,50314,7340.33%+4,231
Broadcom Inc.(AVGO)96,16570,413-25,75231,72633,4290.75%+1,703
Toronto-Dominion Bank(TD)17,52017,509-111,4022,2650.05%+863
Iberdrola SA-Sponsored ADR24,24021,323-2,9171,8442,5270.06%+683
ConocoPhillips(COP)131,443101,793-29,65012,43313,0710.29%+638
Canadian Natural Resources Ltd.(CNQ)08,658+8,65804030.01%+403
Fortis Inc./Canada(FTS)10,94511,715+7705568350.02%+279
Dollarama Inc.(DLMAF)3,8103,710-1005037610.02%+258
Bank of America Corp.7,5707,370-2003915560.01%+166
Analog Devices Inc.(ADI)1,2151,240+252994610.01%+163
Amgen Inc.(AMGN)85085002403820.01%+142
Agnico-Eagle Mines Ltd.(AEM)1,4551,565+1102453640.01%+119
Texas Instruments Inc.(TXN)1,5701,645+752883910.01%+103
Apple Inc.(AAPL)1,085997-882763720.01%+96
PNC Financial Services Group Inc.(PNC)1,0001,00002012860.01%+85
JPMorgan Chase & Co.(JPM)944745-1992983290.01%+32
Comcast Corp. Class A(CCZ)8,0704,970-3,1002542040.00%-50
Northland Power Inc.10,0000-10,0001680-168
Pepsico Inc.(PEP)3,1800-3,1804470-447
Stanley Black & Decker Inc.(SWK)9,9350-9,9357380-738
Global Payments Inc.(GPN)100,28663,631-36,6558,3326,7560.15%-1,576
CDW Corp/DE(CDW)72,98550,050-22,93511,6259,3510.21%-2,274
Exchange Income Corp.50,5300-50,5302,6380-2,638
Oracle Corp.(ORCL)139,871133,990-5,88139,33735,8240.80%-3,513
TELUS Corp.(TU)350,75615,435-335,3215,5282790.01%-5,249
The North West Co Inc.(NNWWF)194,6800-194,6806,6940-6,694
Allied Properties Real Estate1,127,81718,295-1,109,52216,8182450.01%-16,573
Sony Group Corp. - ADR(SONY)613,44515,180-598,26517,6615330.01%-17,128
LVMH Moet Hennessy Louis Vuitton ADR181,8210-181,82122,2390-22,239
Unilever PLC - ADR(UL)432,6840-432,68425,6500-25,650
Enbridge Inc.(ENB)2,619,954884,856-1,735,098132,25858,1171.30%-74,140
National Bank of Canada800,5440-800,54485,0900-85,090
CCL Industries Inc.1,561,9660-1,561,96688,0920-88,092
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