CARDINAL CAPITAL MANAGEMENT INC
Q4 2023 Form 13-F
WINNIPEG, MANITOBA, CANADA
CIK 0001518235
· CRD 124729
· SEC-registered investment adviser
$2.1B Reported Value Total
CARDINAL CAPITAL MANAGEMENT, INC. reports 8,538 total accounts under management (AUM). There are 8,381 discretionary accounts valued at $2,771,092,229, and 157 non-discretionary accounts valued at $42,122,482.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-01-06
Reported value
$2.1B
Quarter over quarter
+11.8%
Holdings
52
Top-10 concentration
51.8%
Key People
Form ADV owners & control persons
Emily Anne Burt
CHAIRMAN/SHAREHOLDER
Timothy E. Burt
SHAREHOLDER
Brian Robert Coughlin
DIRECTOR/SHAREHOLDER
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Q4 2023 13F record
Q4 2023 13F filing summary
| Period of report | December 31, 2023 |
|---|---|
| Filed | February 23, 2024 |
| Form | 13F-HR |
| Reported value | $2.1B |
| Positions | 52 |
| Change in reported value | +9.9% |
| New positions | 5 |
| Exited positions | 8 |
| Position turnover | 21.7% |
| Top-10 concentration | 51.8% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 16, 2026
|
72 | $4.4B |
|
Q2 2026 13F
Filed Jul 10, 2026
|
70 | $4.1B |
|
Q1 2026 13F
Filed Apr 7, 2026
|
66 | $3.7B |
|
Q4 2025 13F
Filed Jan 22, 2026
|
70 | $4.5B |
|
Q3 2025 13F
Filed Oct 3, 2025
|
77 | $3.5B |
|
Q2 2025 13F
Filed Jul 11, 2025
|
68 | $3.2B |
|
Q1 2025 13F
Filed Apr 14, 2025
|
70 | $2.9B |
|
Q4 2024 13F
Filed Jan 17, 2025
|
69 | $2.9B |
|
Q3 2024 13F
Filed Oct 10, 2024
|
58 | $2.4B |
|
Q2 2024 13F
Filed Jul 9, 2024
|
66 | $2.6B |
|
Q1 2024 13F
Filed Apr 9, 2024
|
53 | $2.3B |
|
Q4 2023 13F
Filed Feb 23, 2024
|
52 | $2.1B |
|
Q3 2023 13F
Filed Oct 12, 2023
|
55 | $1.9B |
|
Q2 2023 13F
Filed Jul 10, 2023
|
55 | $2.0B |
|
Q1 2023 13F
Filed Apr 6, 2023
|
54 | $1.8B |
|
Q4 2022 13F
Filed Feb 3, 2023
|
54 | $1.8B |
|
Q3 2022 13F
Filed Oct 7, 2022
|
54 | $1.6B |
|
Q2 2022 13F
Filed Jul 13, 2022
|
75 | $1.8B |
|
Q1 2022 13F
Filed Apr 12, 2022
|
85 | $2.1B |
|
Q4 2021 13F
Filed Jan 19, 2022
|
81 | $2.1B |
31 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SU Suncor Energy Inc. | $122.9M | 5.82% |
| 2 | BMO Bank of Montreal | $122.2M | 5.79% |
| 3 | RY Royal Bank of Canada | $119.7M | 5.67% |
| 4 | MFC Manulife Financial Corp. | $116.8M | 5.53% |
| 5 | TD Toronto-Dominion Bank | $116.4M | 5.51% |
| 6 | CM Canadian Imperial Bank of Comm | $111.0M | 5.26% |
| 7 | ENB Enbridge Inc. | $98.2M | 4.65% |
| 8 | TRP TC Energy Corp. | $97.3M | 4.61% |
| 9 | GIL Gildan Activewear Inc. | $95.8M | 4.54% |
| 10 | BN Brookfield Corp. | $93.8M | 4.44% |
| 11 | CP Canadian Pacific Kansas City L | $93.7M | 4.44% |
| 12 | BNS Bank of Nova Scotia | $91.8M | 4.35% |
| 13 | PBA Pembina Pipeline Corp. | $91.0M | 4.31% |
| 14 | CNI Canadian National Railway Co. | $56.9M | 2.69% |
| 15 | SLF Sun Life Financial Inc. | $40.9M | 1.94% |
| 16 | AMAT Applied Materials Inc. | $36.0M | 1.71% |
| 17 | JPM JPMorgan Chase & Co. | $33.4M | 1.58% |
| 18 | MRK Merck & Co. Inc. | $31.9M | 1.51% |
| 19 | ABBV AbbVie Inc. | $31.0M | 1.47% |
| 20 | TMUS T-Mobile US Inc. | $30.0M | 1.42% |
Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.