Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MFCManulife Financial Corp. | $189.4M | 4.6% | |
| RYRoyal Bank of Canada | $184.5M | 4.5% | |
| BMOBank of Montreal | $176.3M | 4.3% | |
| CMCanadian Imperial Bank of Commerce | $176.2M | 4.3% | −1.5% |
| BNSBank of Nova Scotia | $175.1M | 4.2% | |
| SUSuncor Energy Inc. | $169.1M | 4.1% | −10.3% |
| TRPTC Energy Corp. | $168.8M | 4.1% | |
| PBAPembina Pipeline Corp. | $167.8M | 4.1% | +2.2% |
| GILGildan Activewear Inc. | $155.7M | 3.8% | +17.0% |
| IFCZFIntact Financial Corp | $149.7M | 3.6% | +15.1% |
| CNICanadian National Railway Co. | $149.4M | 3.6% | +5.8% |
| CPCanadian Pacific Kansas City Ltd. | $147.3M | 3.6% | +1.9% |
| CDNAFCanadian Tire Corp. Ltd. - Class A | $138.8M | 3.4% | |
| BNBrookfield Corp. | $138.3M | 3.3% | +2.5% |
| CCDBFCCL Industries Inc. | $137.0M | 3.3% | +10.7% |
| SAPIFSaputo Inc. | $120.1M | 2.9% | −25.7% |
| NTIOFNational Bank of Canada | $117.7M | 2.8% | −1.6% |
| ELEEFElement Fleet Management Corp. | $102.5M | 2.5% | +24.8% |
| SLFSun Life Financial Inc. | $91.6M | 2.2% | −47.6% |
| AMATApplied Materials Inc. | $73.5M | 1.8% | −45.8% |
| ABBVAbbVie Inc. | $68.9M | 1.7% | +8.4% |
| CMICummins Inc. | $68.3M | 1.7% | |
| URIUnited Rentals Inc. | $56.2M | 1.4% | +11.6% |
| TSMTaiwan Semiconductor Manufacturing Co. Ltd. | $51.4M | 1.2% | +2.7% |
| SIEGYSiemens AG - ADR | $47.2M | 1.1% | +1.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMATApplied Materials Inc. | September 30, 2020 | +1116.2% | $73.5M |
| AVGOBroadcom Inc. | June 30, 2021 | +692.2% | $33.4M |
| CMICummins Inc. | March 31, 2022 | +247.7% | $68.3M |
| CMCanadian Imperial Bank of Commerce | June 30, 2020 | +243.6% | $176.2M |
| BMOBank of Montreal | June 30, 2020 | +233.0% | $176.3M |
| WFCWells Fargo & Co. | June 30, 2020 | +222.8% | $38.7M |
| SUSuncor Energy Inc. | June 30, 2020 | +218.4% | $169.1M |
| RYRoyal Bank of Canada | June 30, 2020 | +205.3% | $184.5M |
| MFCManulife Financial Corp. | September 30, 2020 | +191.5% | $189.4M |
| ABBVAbbVie Inc. | June 30, 2020 | +156.3% | $68.9M |
Sold off last quarter
- Honeywell International Inc.CUSIP 438516106 was $32.0M
- GRTUFGranite Real Estate Investment trust was $15.8M
- CDWCDW Corp/DE was $8.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.3% | +14.8% |
| December 31, 2025 | +5.6% | +2.4% |
| September 30, 2025 | +8.4% | +7.8% |
| June 30, 2025 | +9.2% | +10.5% |
| March 31, 2025 | −2.7% | −4.6% |
| December 31, 2024 | −1.4% | +2.1% |
| September 30, 2024 | +13.4% | +5.4% |
| June 30, 2024 | −2.5% | +4.0% |
| March 31, 2024 | +5.9% | +10.0% |
| December 31, 2023 | +11.5% | +11.2% |
| September 30, 2023 | −5.2% | −3.6% |
| June 30, 2023 | +1.9% | +8.3% |
| March 31, 2023 | +0.9% | +7.0% |
| December 31, 2022 | +8.0% | +7.1% |
| September 30, 2022 | −11.4% | −5.3% |
| June 30, 2022 | −13.1% | −16.5% |
| March 31, 2022 | +6.2% | −4.9% |
| December 31, 2021 | +6.9% | +10.7% |
| September 30, 2021 | −2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Cardinal Capital Management, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1518235&type=13F-HR&dateb=&owner=include&count=40CIK 1518235
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1518235/000151823526000003/Filed July 10, 2026 · accession 0001518235-26-000003