Canoe L.P. 13F annual report
Canoe L.P. is an investment fund managing more than $5.4 trillion ran by Albert Luong. There are currently 93 companies in Mr. Luong’s portfolio. The largest investments include Microsoft and Diageo plc, together worth $513 billion.
$5.4 trillion Assets Under Management (AUM)
As of 16th July 2024, Canoe L.P.’s top holding is 621,147 shares of Microsoft currently worth over $261 billion and making up 4.8% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Canoe L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 6,802,658 shares of Diageo plc worth $251 billion, whose value fell 7.2% in the past six months.
The third-largest holding is Taiwan Semiconductor Manufactu worth $233 billion and the next is American Express Co worth $200 billion, with 879,800 shares owned.
Currently, Canoe L.P.'s portfolio is worth at least $5.4 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 Canoe L.P.
The Canoe L.P. office and employees reside in Calgary, Alberta, Canada. According to the last 13-F report filed with the SEC, Albert Luong serves as the Senior Legal Counsel at Canoe L.P..
Recent trades
In the most recent 13F filing, Canoe L.P. revealed that it had opened a new position in
Patterson-UTI Inc and bought 9,500 shares worth $736 million.
On the other hand, there are companies that Canoe L.P. is getting rid of from its portfolio.
Canoe L.P. closed its position in Unitedhealth Inc on 23rd July 2024.
It sold the previously owned 509,098 shares for $252 billion.
Albert Luong also disclosed a decreased stake in Cenovus Inc by approximately 0.1%.
This leaves the value of the investment at $77.9 billion and 3,894,700 shares.
One of the largest hedge funds
The two most similar investment funds to Canoe L.P. are Provident Trust Co and Ctc. They manage $5.38 trillion and $5.38 trillion respectively.
Albert Luong investment strategy
Canoe L.P.’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Finance — making up 17.7% of
the total portfolio value.
The fund focuses on investments in the United States as
37.6% of the portfolio companies
are based in the United States.
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
55% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $115 billion.
The complete list of Canoe L.P. trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
|---|---|---|---|
| Microsoft Corporation |
No change
621,147
|
$261,328,966,000 | 4.84% |
| Unitedhealth Group Inc |
Closed
509,098
|
$251,850,781,000 | |
| Diageo plc |
No change
6,802,658
|
$251,232,446,000 | 4.66% |
| Taiwan Semiconductor Manufactu |
No change
1,709,737
|
$232,609,719,000 | 4.31% |
| American Express Co. |
No change
879,800
|
$200,321,662,000 | 3.71% |
| Alphabet Inc |
No change
1,314,715
|
$198,429,935,000 | 3.68% |
| Autozone Inc. |
No change
58,296
|
$183,728,588,000 | 3.40% |
| Mastercard Incorporated |
No change
363,596
|
$175,096,926,000 | 3.24% |
| Elevance Health Inc |
No change
332,700
|
$172,518,258,000 | 3.20% |
| Wells Fargo Co |
Closed
2,946,348
|
$170,770,330,000 | |
| Moody's Corp |
No change
428,692
|
$168,488,817,000 | 3.12% |
| Lowe's Cos Inc |
No change
602,230
|
$153,406,048,000 | 2.84% |
| Restaurant Brands International Inc |
No change
1,889,014
|
$150,064,113,000 | 2.78% |
| Royal Bank Of Canada |
No change
1,291,012
|
$130,255,197,000 | 2.41% |
| Intercontinental Hotels Group |
No change
1,217,045
|
$126,629,891,000 | 2.35% |
| Agnico Eagle Mines Limited |
No change
2,098,161
|
$125,152,461,000 | 2.32% |
| Philip Morris International In |
No change
1,281,243
|
$117,387,484,000 | 2.18% |
| Tjx Cos Inc/the |
Closed
1,094,226
|
$110,976,401,000 | |
| Sherwin-williams Co/the |
No change
319,018
|
$110,804,522,000 | 2.05% |
| CVS Health Corp |
No change
1,369,374
|
$109,221,270,000 | 2.02% |
| General Electric Co |
No change
599,693
|
$105,264,112,000 | 1.95% |
| Otis Worldwide Corporation |
No change
1,018,485
|
$101,105,006,000 | 1.87% |
| CME Group Inc |
No change
457,381
|
$98,469,555,000 | 1.82% |
| RB Global Inc |
No change
1,163,182
|
$88,624,052,000 | 1.64% |
| Emerson Electric Co. |
No change
759,828
|
$86,179,692,000 | 1.60% |
| Wheaton Precious Metals Corp |
Closed
1,815,369
|
$85,533,470,000 | |
| Johnson Johnson |
No change
532,714
|
$84,270,028,000 | 1.56% |
| Starbucks Corp. |
No change
919,876
|
$84,067,468,000 | 1.56% |
| Discover Financial Services |
No change
637,241
|
$83,535,923,000 | 1.55% |
| MSCI Inc |
No change
142,757
|
$80,008,161,000 | 1.48% |
| Ross Stores, Inc. |
No change
538,749
|
$79,066,803,000 | 1.47% |
| Cenovus Energy Inc |
0.17%
3,894,700
|
$77,888,470,000 | 1.44% |
| Analog Devices Inc. |
No change
393,503
|
$77,830,958,000 | 1.44% |
| Mettler-toledo International I |
No change
56,644
|
$75,409,591,000 | 1.40% |
| Barrick Gold Corp. |
No change
4,509,830
|
$75,036,378,000 | 1.39% |
| Berkshire Hathaway Inc. |
No change
176,173
|
$74,084,270,000 | 1.37% |
| Fedex Corp |
No change
246,224
|
$71,340,942,000 | 1.32% |
| Liberty Energy Inc |
No change
3,425,195
|
$70,970,040,000 | 1.32% |
| Magna International Inc. |
No change
1,257,326
|
$68,516,616,000 | 1.27% |
| Mt Bank Corp |
No change
454,554
|
$66,110,334,000 | 1.23% |
| Northrop Grumman Corp. |
No change
135,423
|
$64,821,573,000 | 1.20% |
| Canadian Pacific Kansas City Ltd |
No change
695,312
|
$61,325,861,000 | 1.14% |
| Graco Inc. |
No change
642,152
|
$60,015,526,000 | 1.11% |
| Enerflex Ltd |
No change
7,854,175
|
$45,706,429,000 | 0.85% |
| Range Resources Corp |
No change
1,238,109
|
$42,628,093,000 | 0.79% |
| Fifth Third Bancorp |
No change
1,106,670
|
$41,179,191,000 | 0.76% |
| Rogers Communications Inc. |
No change
990,863
|
$40,612,254,000 | 0.75% |
| Chubb Ltd |
No change
156,424
|
$40,534,151,000 | 0.75% |
| Fiserv, Inc. |
No change
253,011
|
$40,436,218,000 | 0.75% |
| Union Pacific Corp. |
Closed
162,385
|
$39,935,343,000 | |
| ASML Holding NV |
No change
38,011
|
$36,589,183,000 | 0.68% |
| Canadian Natural Resources Ltd. |
No change
475,411
|
$36,278,235,000 | 0.67% |
| Franco-Nevada Corporation |
No change
262,130
|
$31,244,297,000 | 0.58% |
| Sap SE |
No change
156,355
|
$30,442,052,000 | 0.56% |
| Fortive Corp |
No change
348,340
|
$29,964,207,000 | 0.56% |
| Sun Life Financial, Inc. |
No change
535,487
|
$29,228,238,000 | 0.54% |
| Sp Global Inc |
No change
66,784
|
$28,413,253,000 | 0.53% |
| Schlumberger Ltd. |
No change
442,800
|
$24,269,868,000 | 0.45% |
| Ats Corp |
No change
686,879
|
$23,120,917,000 | 0.43% |
| Linde Plc. |
No change
40,836
|
$18,960,972,000 | 0.35% |
| Pepsico Inc |
No change
98,467
|
$17,232,710,000 | 0.32% |
| Aon plc. |
No change
51,509
|
$17,189,583,000 | 0.32% |
| Spdr Sp Oil Gas Equipment Services Etf |
No change
182,500
|
$16,988,925,000 | 0.31% |
| Cameco Corp. |
No change
362,458
|
$15,696,476,000 | 0.29% |
| HDFC Bank Ltd. |
No change
279,398
|
$15,637,906,000 | 0.29% |
| Oracle Corp. |
No change
124,409
|
$15,627,014,000 | 0.29% |
| Adobe Inc |
No change
23,206
|
$11,709,748,000 | 0.22% |
| Carrier Global Corporation |
No change
201,350
|
$11,704,476,000 | 0.22% |
| Factset Research Systems Inc. |
No change
23,944
|
$10,879,914,000 | 0.20% |
| Middleby Corp/the |
No change
67,039
|
$10,779,201,000 | 0.20% |
| Becton, Dickinson and Company |
No change
42,778
|
$10,585,416,000 | 0.20% |
| Nike, Inc. |
No change
90,415
|
$8,497,202,000 | 0.16% |
| Centene Corp. |
No change
102,466
|
$8,041,532,000 | 0.15% |
| Stantec Inc |
No change
95,381
|
$7,921,555,000 | 0.15% |
| Colgate-Palmolive Co. |
No change
82,042
|
$7,387,882,000 | 0.14% |
| Canadian National Railway Co. |
No change
55,379
|
$7,294,085,000 | 0.14% |
| First Solar Inc |
No change
40,300
|
$6,802,640,000 | 0.13% |
| Enphase Energy Inc |
No change
56,100
|
$6,786,978,000 | 0.13% |
| Spdr Sp 500 Etf Trust |
13.24%
13,395
|
$6,593,340,000 | 0.12% |
| Descartes Sys Group Inc |
No change
66,838
|
$6,115,687,000 | 0.11% |
| Colliers Intl Group Inc |
No change
43,577
|
$5,328,310,000 | 0.10% |
| FirstService Corp |
No change
30,045
|
$4,975,711,000 | 0.09% |
| Kenvue Inc |
No change
187,444
|
$4,022,548,000 | 0.07% |
| Granite Reit |
No change
69,735
|
$3,981,411,000 | 0.07% |
| TFI International Inc |
Closed
22,119
|
$3,528,334,000 | |
| Toronto Dominion Bank |
Closed
57,571
|
$3,475,698,000 | |
| Vaneck Junior Gold Miners |
Closed
81,945
|
$3,174,549,000 | |
| Alamos Gold Inc. |
No change
196,855
|
$2,903,187,000 | 0.05% |
| Royal Gold, Inc. |
No change
21,004
|
$2,558,497,000 | 0.05% |
| Waste Connections Inc |
Closed
13,500
|
$2,321,656,000 | |
| Nutrien Ltd |
No change
36,500
|
$1,983,401,000 | 0.04% |
| Volution Group Plc |
Closed
360,500
|
$1,977,844,000 | |
| Open Text Corp |
No change
49,415
|
$1,918,071,000 | 0.04% |
| Brookfield Corporation |
No change
38,145
|
$1,596,680,000 | 0.03% |
| TC Energy Corporation |
No change
39,360
|
$1,582,427,000 | 0.03% |
| Enbridge Inc |
No change
41,447
|
$1,498,291,000 | 0.03% |
| Suncor Energy, Inc. |
No change
40,211
|
$1,484,494,000 | 0.03% |
| Vaneck Gold Miners Etf |
Closed
43,715
|
$1,382,268,000 | |
| Halliburton Co. |
Closed
3,000
|
$982,500,000 | |
| Patterson-UTI Energy Inc |
Opened
9,500
|
$736,250,000 | 0.01% |
| Ero Copper Corp |
No change
36,933
|
$712,424,000 | 0.01% |
| Kinross Gold Corp. |
No change
98,517
|
$604,592,000 | 0.01% |
| Fortis Inc. |
No change
12,968
|
$512,554,000 | 0.01% |
| Vaneck Oil Services Etf |
Opened
1,410
|
$310,200,000 | 0.01% |
| Tourmaline Oil Corp |
Opened
9,300
|
$30,592,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 105 holdings | |||
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