Cardinal Capital Management, Inc. Top Holdings and 13F Report (2024)

About Cardinal Capital Management, Inc.

Investment Activity

Cardinal Capital Management, Inc. has $2.60 billion in total holdings as of June 30, 2024.
Cardinal Capital Management, Inc. owns shares of 66 different stocks, but just 26 companies or ETFs make up 80% of its holdings.
Approximately 20.06% of the portfolio was purchased this quarter.
About 4.45% of the portfolio was sold this quarter.
This quarter, Cardinal Capital Management, Inc. has purchased 53 new stocks and bought additional shares in 33 stocks.
Cardinal Capital Management, Inc. sold shares of 20 stocks and completely divested from 0 stocks this quarter.

Largest Holdings

TC Energy: $192,023,894
Suncor Energy: $140,719,293
Manulife Financial: $135,651,920
Royal Bank of Canada: $125,928,733
Gildan Activewear: $110,197,200

Largest New Holdings this Quarter

Canadian Tire: $105,507,390 Holding
CCL Industries: $77,319,504 Holding
Intact Financial: $75,899,344 Holding
Element Fleet Management: $58,403,339 Holding
Booking: $26,827,278 Holding

Largest Purchases this Quarter

Canadian Tire: 1,064,032 shares (about $105.51M)
TC Energy: 2,551,926 shares (about $96.68M)
CCL Industries: 1,471,290 shares (about $77.32M)
Intact Financial: 455,684 shares (about $75.90M)
Element Fleet Management: 3,212,125 shares (about $58.40M)

Largest Sales this Quarter

Toronto-Dominion Bank: 1,520,848 shares (about $83.55M)
Applied Materials: 60,782 shares (about $14.34M)
SAP: 43,130 shares (about $8.70M)
JPMorgan Chase & Co.: 19,005 shares (about $3.84M)
Manulife Financial: 91,306 shares (about $2.43M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
TRP TC Energy	$192,023,894	$96,676,694 ▲	101.4%	5,068,758	7.4%	Oils/Energy
SU Suncor Energy	$140,719,293	$560,081 ▼	-0.4%	3,693,847	5.4%	Oils/Energy
MFC Manulife Financial	$135,651,920	$2,429,849 ▼	-1.8%	5,097,367	5.2%	Finance
RY Royal Bank of Canada	$125,928,733	$323,554 ▲	0.3%	1,183,571	4.8%	Finance
GIL Gildan Activewear	$110,197,200	$1,595,601 ▲	1.5%	2,907,144	4.2%	Consumer Discretionary
CM Canadian Imperial Bank of Commerce	$108,568,981	$272,664 ▲	0.3%	2,284,747	4.2%	Finance
PBA Pembina Pipeline	$106,979,613	$8,116,928 ▲	8.2%	2,885,088	4.1%	Oils/Energy
CDNAF Canadian Tire	$105,507,390	$105,507,390 ▲	New Holding	1,064,032	4.1%	Consumer Cyclical
BMO Bank of Montreal	$103,887,167	$452,718 ▲	0.4%	1,238,472	4.0%	Finance
ENB Enbridge	$98,864,171	$905,764 ▲	0.9%	2,780,706	3.8%	Oils/Energy
BN Brookfield	$97,765,646	$1,318,869 ▲	1.4%	2,352,094	3.8%	Finance
BNS Bank of Nova Scotia	$93,958,122	$6,265,752 ▲	7.1%	2,055,314	3.6%	Finance
CP Canadian Pacific Kansas City	$93,225,892	$810,653 ▲	0.9%	1,184,510	3.6%	Transportation
CCDBF CCL Industries	$77,319,504	$77,319,504 ▲	New Holding	1,471,290	3.0%	Consumer Cyclical
IFCZF Intact Financial	$75,899,344	$75,899,344 ▲	New Holding	455,684	2.9%	Financial Services
ELEEF Element Fleet Management	$58,403,339	$58,403,339 ▲	New Holding	3,212,125	2.2%	Industrials
CNI Canadian National Railway	$55,583,809	$2,621,661 ▲	5.0%	470,679	2.1%	Transportation
SLF Sun Life Financial	$43,378,784	$5,567,357 ▲	14.7%	885,246	1.7%	Finance
ABBV AbbVie	$33,761,825	$59,689 ▲	0.2%	196,839	1.3%	Medical
AMAT Applied Materials	$33,620,551	$14,343,944 ▼	-29.9%	142,466	1.3%	Computer and Technology
WFC Wells Fargo & Company	$33,518,647	$419,293 ▼	-1.2%	564,382	1.3%	Finance
JPM JPMorgan Chase & Co.	$33,291,187	$3,843,951 ▼	-10.4%	164,596	1.3%	Finance
TMUS T-Mobile US	$32,977,196	$238,019 ▼	-0.7%	187,179	1.3%	Computer and Technology
ORCL Oracle	$31,418,553	$486,434 ▼	-1.5%	222,511	1.2%	Computer and Technology
APD Air Products and Chemicals	$31,100,186	$966,397 ▲	3.2%	120,520	1.2%	Basic Materials
CMI Cummins	$30,862,187	$362,501 ▼	-1.2%	111,444	1.2%	Auto/Tires/Trucks
NEE NextEra Energy	$30,724,176	$57,002 ▼	-0.2%	433,896	1.2%	Utilities
NTR Nutrien	$27,523,738	$72,198 ▼	-0.3%	540,961	1.1%	Basic Materials
MRK Merck & Co., Inc.	$27,439,032	$151,903 ▲	0.6%	221,640	1.1%	Medical
BKNG Booking	$26,827,278	$26,827,278 ▲	New Holding	6,772	1.0%	Retail/Wholesale
SONY Sony Group	$26,685,853	$1,383,411 ▲	5.5%	314,136	1.0%	Consumer Discretionary
HD Home Depot	$26,437,288	$223,412 ▲	0.9%	76,799	1.0%	Retail/Wholesale
NXPI NXP Semiconductors	$26,319,155	$25,833 ▼	-0.1%	97,808	1.0%	Computer and Technology
HON Honeywell International	$26,232,321	$167,629 ▲	0.6%	122,845	1.0%	Multi-Sector Conglomerates
CMCSA Comcast	$24,732,790	$33,208 ▼	-0.1%	631,583	1.0%	Consumer Discretionary
AVGO Broadcom	$24,566,215	$345,189 ▼	-1.4%	15,301	0.9%	Computer and Technology
UL Unilever	$22,075,845	$137,750 ▲	0.6%	401,452	0.8%	Consumer Staples
SAP SAP	$21,640,457	$8,699,752 ▼	-28.7%	107,285	0.8%	Computer and Technology
SWK Stanley Black & Decker	$21,500,077	$262,838 ▲	1.2%	269,121	0.8%	Industrial Products
MDT Medtronic	$19,946,452	$1,333,426 ▲	7.2%	253,417	0.8%	Medical
CVS CVS Health	$19,404,458	$281,421 ▲	1.5%	328,555	0.7%	Retail/Wholesale
ENLAY Enel	$18,587,690	$18,587,690 ▲	New Holding	2,697,778	0.7%	Utilities
GRP.U Granite Real Estate Inc. Staple	$17,017,757	$76,509 ▲	0.5%	343,650	0.7%	Finance
RHHBY Roche	$16,859,674	$16,859,674 ▲	New Holding	486,290	0.6%	Medical
UNH UnitedHealth Group	$15,532,939	$119,167 ▲	0.8%	30,501	0.6%	Medical
COP ConocoPhillips	$14,101,910	$131,537 ▲	0.9%	123,290	0.5%	Oils/Energy
GILD Gilead Sciences	$13,062,178	$79,793 ▲	0.6%	190,383	0.5%	Medical
EQIX Equinix	$12,934,834	$367,708 ▲	2.9%	17,096	0.5%	Finance
GPN Global Payments	$9,783,719	$967 ▲	0.0%	101,176	0.4%	Business Services
TU TELUS	$5,174,894	$128,336 ▲	2.5%	342,059	0.2%	Utilities
EMRAF Emera	$5,067,261	$5,067,261 ▲	New Holding	151,954	0.2%	Utilities
BCE BCE	$4,676,693	$68,136 ▼	-1.4%	144,483	0.2%	Utilities
NPIFF Northland Power	$2,773,038	$2,773,038 ▲	New Holding	161,398	0.1%	Utilities
IBDRY Iberdrola	$1,657,759	$1,657,759 ▲	New Holding	31,685	0.1%	Utilities
USB U.S. Bancorp	$1,533,373	$23,542 ▲	1.6%	38,624	0.1%	Finance
TD Toronto-Dominion Bank	$1,452,994	$83,545,672 ▼	-98.3%	26,450	0.1%	Finance
BAM Brookfield Asset Management	$1,077,799	$1,077,799 ▲	New Holding	28,330	0.0%	Finance
The North West Co Inc.	$550,495	$550,495 ▲	New Holding	18,185	0.0%	COM
FTS Fortis	$401,217	$8,351 ▲	2.1%	10,330	0.0%	Utilities
MSFT Microsoft	$384,824	$18,325 ▼	-4.5%	861	0.0%	Computer and Technology
EA Electronic Arts	$382,461	$41,799 ▲	12.3%	2,745	0.0%	Consumer Discretionary
BAC Bank of America	$309,808	$134,224 ▼	-30.2%	7,790	0.0%	Finance
AMGN Amgen	$281,205	$31,245 ▼	-10.0%	900	0.0%	Medical
TXN Texas Instruments	$274,287	$40,851 ▲	17.5%	1,410	0.0%	Computer and Technology
SBGSY Schneider Electric S.E.	$248,402	$248,402 ▲	New Holding	5,160	0.0%	Industrial Products
AAPL Apple	$247,479	$31,593 ▼	-11.3%	1,175	0.0%	Computer and Technology