CC
Cardinal Capital Management SEC 13F Filing (Q2 2026) — Holdings & Portfolio
Cardinal Capital ManagementCIK: 0001434845
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$826.3M
Reporting period: 2026-06-30 · Number of holdings: 138
Cardinal Capital Management disclosed 138 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $826.3M and a quarterly turnover rate of 17.9%.
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Personality snowflake
- Concentration
- 5.68
- Portfolio Stability
- 17.86
- Momentum
- 100
- Sector conviction
- 46.44
- Diversification
- 100
- Sizing Uniformity
- 90.17
Cardinal Capital Management's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 70 equally-sized positions, well below its 138 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.98), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim GIS
-58.7% -$5.7M
Add LLY
-1.1% $7.1M
Add CSCO
-1.0% $6.1M
Trim XOM
-0.3% -$3.9M
Sold out MASI*
Add QCOM
-0.0% $3.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | Stock-Healthcare | 3.85% | +0.67% | -1.07% | |
| 2 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.53% | -0.14% | -1.35% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 3.03% | +0.18% | -0.67% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.75% | +0.37% | -1.04% | |
| 5 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 2.37% | +0.28% | -1.07% | |
| 6 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.33% | -0.34% | -0.63% | |
| 7 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.31% | +0.08% | -0.62% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 2.26% | -0.11% | +1.14% | |
| 9 | CSCO | Cisco Systems Inc | Stock-Tech | 2.22% | +0.64% | -1.00% | |
| 10 | DE | Deere & Co | Stock-Industrials | 2.12% | +0.09% | -1.03% | |
| 11 | WMT | Walmart Inc | Stock-Consumer Staples | 2.11% | -0.38% | -0.69% | |
| 12 | XOM | Exxon Mobil CORP | Stock-Energy | 1.90% | -0.62% | -0.33% | |
| 13 | CMI | Cummins Inc | Stock-Industrials | 1.80% | +0.34% | -0.78% | |
| 14 | QCOM | Qualcomm Inc | Stock-Tech | 1.56% | +0.40% | -0.03% | |
| 15 | EMR | Emerson Electric Co | Stock-Industrials | 1.53% | +0.03% | -0.46% | |
| 16 | IBM | Intl Business Machines CORP | Stock-Tech | 1.52% | +0.12% | -0.01% | |
| 17 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.51% | — | -0.42% | |
| 18 | ECL | Ecolab Inc | Stock-Materials | 1.45% | -0.03% | -0.32% | |
| 19 | ITW | Illinois Tool Works | Stock-Industrials | 1.43% | -0.04% | -0.41% | |
| 20 | KEYS | Keysight Technologies In | Stock-Tech | 1.40% | -0.03% | -16.10% | |
| 21 | LH | Labcorp Holdings Inc | Stock-Healthcare | 1.30% | -0.03% | -0.27% | |
| 22 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 1.29% | -0.18% | -0.07% | |
| 23 | TFC | Truist Financial CORP | Stock-Financials | 1.25% | +0.01% | -0.45% | |
| 24 | ADP | Automatic Data Processing | Stock-Tech | 1.22% | +0.05% | +0.87% | |
| 25 | A | Agilent Technologies Inc | Stock-Healthcare | 1.21% | +0.10% | -0.15% | |
| 26 | COP | Conocophillips | Stock-Energy | 1.16% | -0.40% | +0.13% | |
| 27 | SBUX | Starbucks CORP | Stock-Consumer Disc | 1.15% | +0.07% | -0.24% | |
| 28 | STT | State Street CORP | Stock-Financials | 1.13% | +0.23% | -0.82% | |
| 29 | ODC | Oil-dri CORP Of America | Stock-Other | 1.08% | +0.34% | -0.78% | |
| 30 | AGX | Argan Inc | Stock-Industrials | 1.07% | -0.15% | -36.62% | |
| 31 | MMM | 3m Co | Stock-Industrials | 1.06% | +0.04% | -0.63% | |
| 32 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.06% | -0.04% | +0.89% | |
| 33 | TROW | T Rowe Price Group Inc | Stock-Financials | 1.01% | +0.16% | +0.08% | |
| 34 | HAS | Hasbro Inc | Stock-Consumer Disc | 1.00% | -0.21% | -0.25% | |
| 35 | RY | Royal Bank Of Canada | Stock-Financials | 0.99% | +0.16% | -0.38% | |
| 36 | FFIV | F5 Inc | Stock-Tech | 0.98% | +0.26% | +0.21% | |
| 37 | NFG | National Fuel Gas Co | Stock-Energy | 0.95% | -0.28% | -0.62% | |
| 38 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.94% | -0.04% | -0.03% | |
| 39 | CW | Curtiss-wright CORP | Stock-Industrials | 0.94% | +0.04% | -0.53% | |
| 40 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 0.90% | -0.12% | +0.31% | |
| 41 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.83% | — | -0.72% | |
| 42 | MDT | Medtronic plc | Stock-Healthcare | 0.81% | -0.13% | +1.63% | |
| 43 | UTHR | United Therapeutics CORP | Stock-Healthcare | 0.78% | -0.15% | -1.34% | |
| 44 | SYNA | Synaptics Inc | Stock-Other | 0.75% | +0.30% | +0.33% | |
| 45 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.73% | -0.09% | +0.54% | |
| 46 | MKC | Mccormick & Co-non Vtg Shrs | Stock-Consumer Staples | 0.70% | +0.01% | +7.12% | |
| 47 | FDX | Fedex CORP | Stock-Industrials | 0.69% | -0.15% | +0.34% | |
| 48 | TD | Toronto-dominion Bank | Stock-Financials | 0.68% | +0.12% | -0.11% | |
| 49 | BNS | Bank Of Nova Scotia | Stock-Financials | 0.66% | +0.10% | +0.71% | |
| 50 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.63% | -0.21% | -0.46% |
1–50 of 138
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+5.6%
Performance Last 4 Quarters
+23.6%
- Stdev
- +11.4%
- Beta
- +0.73
- Alpha
- +1.3%
- Max Drawdown
- -6.5%
- Annualized Perf
- +16.5%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.5
- Stutzer
- +0.4
- Treynor
- +0.22
- Sterling
- +1.08
- Calmar
- +2.52
- Information Ratio
- -0.56
- Tracking Error
- +7.2%
- Stdev Down
- +6.4%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +28%
- Worst 12 Months
- +3.5%
- Efficiency Ratio
- +0.53
- Sharpe
- +1.4
- Stdev Sectors
- +7.4%
- Skewness
- -0.5
- Kurtosis
- -0.69
- Upside Potential
- +4.1
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 138 | $826.3M | 18 | ||
| 2026 Q1 | 136 | $775.6M | 14 | ||
| 2025 Q4 | 133 | $755.0M | 13 | ||
| 2025 Q3 | 131 | $723.4M | 18 | ||
| 2025 Q2 | 128 | $681.4M | 0 | ||
| 2025 Q1 | 132 | $645.7M | 100 | ||
| 2024 Q4 | 131 | $637.7M | 0 | ||
| 2024 Q3 | 130 | $642.8M | 0 | ||
| 2024 Q2 | 134 | $593.7M | 0 | ||
| 2024 Q1 | 139 | $614.6M | 0 | ||
| 2023 Q4 | 135 | $528.1M | 0 | ||
| 2023 Q3 | 138 | $491.3M | 0 | ||
| 2023 Q2 | 137 | $496.6M | — | ||
| 2023 Q1 | 138 | $482.0M | 0 | ||
| 2022 Q4 | 138 | $469.8M | 0 | ||
| 2022 Q3 | 141 | $422.5M | 0 | ||
| 2022 Q2 | 140 | $437.0M | 0 | ||
| 2022 Q1 | 143 | $494.3M | 0 | ||
| 2021 Q4 | 141 | $505.0M | 0 | ||
| 2021 Q3 | 142 | $461.9M | 0 | ||
| 2021 Q2 | 141 | $473.7M | 100 | ||
| 2021 Q1 | 140 | $453.5M | 13 | ||
| 2020 Q4 | 140 | $422.4M | 16 | ||
| 2020 Q3 | 135 | $363.0M | 11 | ||
| 2020 Q2 | 131 | $347.6M | 18 | ||
| 2020 Q1 | 132 | $302.8M | 27 | ||
| 2019 Q4 | 131 | $385.1M | 23 | ||
| 2019 Q3 | 129 | $362.0M | 7 | ||
| 2019 Q2 | 128 | $352.4M | 11 | ||
| 2019 Q1 | 128 | $350.0M | 15 | ||
| 2018 Q4 | 120 | $303.4M | 17 | ||
| 2018 Q3 | 126 | $353.4M | 10 | ||
| 2018 Q2 | 126 | $330.3M | 14 | ||
| 2018 Q1 | 121 | $318.3M | 8 | ||
| 2017 Q4 | 121 | $330.5M | 12 | ||
| 2017 Q3 | 121 | $316.8M | 13 | ||
| 2017 Q2 | 118 | $302.5M | 11 | ||
| 2017 Q1 | 118 | $276.3M | 9 | ||
| 2016 Q4 | 118 | $262.6M | 11 | ||
| 2016 Q3 | 116 | $255.0M | 10 | ||
| 2016 Q2 | 116 | $246.0M | 9 | ||
| 2016 Q1 | 117 | $238.1M | 15 | ||
| 2015 Q4 | 118 | $223.9M | 18 | ||
| 2015 Q3 | 118 | $213.9M | 14 | ||
| 2015 Q2 | 120 | $229.0M | 16 | ||
| 2015 Q1 | 121 | $236.8M | 16 | ||
| 2014 Q4 | 111 | $218.6M | 14 | ||
| 2014 Q3 | 105 | $210.2M | 10 | ||
| 2014 Q2 | 102 | $201.7M | 15 | ||
| 2014 Q1 | 101 | $194.4M | 8 | ||
| 2013 Q4 | 95 | $195.1M | 11 | ||
| 2013 Q3 | 88 | $176.2M | 31 | ||
| 2013 Q2 | 86 | $168.9M | — |
Holding changes this quarter
Cardinal Capital Management's most significant position changes for 2026-06-30: Sold out: Masimo CORP (MASI*); Sold out: Boston Beer Company Inc-a (SAM); Sold out: Sealed Air CORP (SDA); New buy: Cal-maine Foods Inc (CALM); New buy: Rogers Communications Inc-b (RCI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.7% | -1.07% | Trim |
| 2 | CSCO | Cisco Systems Inc | +0.6% | -1.00% | Trim |
| 3 | QCOM | Qualcomm Inc | +0.4% | -0.03% | Trim |
| 4 | GOOGL | Alphabet Inc-cl A | +0.4% | -1.04% | Trim |
| 5 | CMI | Cummins Inc | +0.3% | -0.78% | Trim |
| 6 | ODC | Oil-dri CORP Of America | +0.3% | -0.78% | Trim |
| 7 | SYNA | Synaptics Inc | +0.3% | +0.33% | Add |
| 8 | BNY | Bank Of New York Mellon CORP | +0.3% | -1.07% | Trim |
| 9 | FFIV | F5 Inc | +0.3% | +0.21% | Add |
| 10 | IT | Gartner Inc | +0.3% | +1449.25% | Add |
| 11 | STT | State Street CORP | +0.2% | -0.82% | Trim |
| 12 | CALM | Cal-maine Foods Inc | +0.2% | NEW | New buy |
| 13 | RCI | Rogers Communications Inc-b | +0.2% | NEW | New buy |
| 14 | AAPL | Apple Inc | +0.2% | -0.67% | Trim |
| 15 | PLPC | Preformed Line Products Co | +0.2% | +0.10% | Add |
| 16 | RY | Royal Bank Of Canada | +0.2% | -0.38% | Trim |
| 17 | TROW | T Rowe Price Group Inc | +0.2% | +0.08% | Add |
| 18 | ✓ | +0.2% | NEW | New buy | |
| 19 | ENS | Enersys | +0.1% | +17.60% | Add |
| 20 | AMCR | Amcor plc | +0.1% | NEW | New buy |
| 21 | IBM | Intl Business Machines CORP | +0.1% | -0.01% | Trim |
| 22 | TD | Toronto-dominion Bank | +0.1% | -0.11% | Trim |
| 23 | A | Agilent Technologies Inc | +0.1% | -0.15% | Trim |
| 24 | BNS | Bank Of Nova Scotia | +0.1% | +0.71% | Add |
| 25 | LSTR | Landstar System Inc | +0.1% | -1.38% | Trim |
| 26 | HALO | Halozyme Therapeutics Inc | +0.1% | +36.63% | Add |
| 27 | DE | Deere & Co | +0.1% | -1.03% | Trim |
| 28 | INTC | Intel CORP | +0.1% | -8.32% | Trim |
| 29 | ✓ | +0.1% | NEW | New buy | |
| 30 | JPM | Jpmorgan Chase & Co | +0.1% | -0.62% | Trim |
| 31 | GOOG | Alphabet Inc-cl C | +0.1% | -0.79% | Trim |
| 32 | Q | Qnity Electronics Inc | +0.1% | -0.68% | Trim |
| 33 | YETI | Yeti Holdings Inc | +0.1% | +19.04% | Add |
| 34 | SBUX | Starbucks CORP | +0.1% | -0.24% | Trim |
| 35 | JAZZ | Jazz Pharmaceuticals plc | +0.1% | +1.07% | Add |
| 36 | NXPI | NXP Semiconductors N.V. | +0.1% | +0.77% | Add |
| 37 | HSIC | Henry Schein Inc | +0.1% | +41.07% | Add |
| 38 | CRL | Charles River Laboratories | +0.1% | +1.59% | Add |
| 39 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | +7.64% | Add |
| 40 | HAE | Haemonetics Corp/mass | +0.1% | +3.84% | Add |
| 41 | ADP | Automatic Data Processing | +0.1% | +0.87% | Add |
| 42 | WLY | Wiley (john) & Sons-class A | +0.1% | +0.91% | Add |
| 43 | OLED | Universal Display CORP | +0.1% | +44.79% | Add |
| 44 | MMM | 3m Co | 0% | -0.63% | Trim |
| 45 | CW | Curtiss-wright CORP | 0% | -0.53% | Trim |
| 46 | MIDD | Middleby CORP | 0% | +0.77% | Add |
| 47 | LZB | La-z-boy Inc | 0% | +1.81% | Add |
| 48 | TMP | Tompkins Financial CORP | 0% | +2.33% | Add |
| 49 | HUBG | Hub Group Inc-cl A | 0% | +0.03% | Add |
| 50 | MHK | Mohawk Industries Inc | 0% | +3.54% | Add |
1–50 of 143
Filing History
FAQ
What is Cardinal Capital Management and what type of investor is it?
Cardinal Capital Management is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $826.3M, spread across 138 disclosed positions.
What are Cardinal Capital Management's largest equity positions?
Based on the latest 13F filing, Cardinal Capital Management's top holdings by market value are:
1. Eli Lilly & Co (LLY) — $31.8M (3.9%)
2. Johnson & Johnson (JNJ) — $29.2M (3.5%)
3. Apple Inc (AAPL) — $25.0M (3.0%)
4. Alphabet Inc-cl A (GOOGL) — $22.7M (2.8%)
5. Bank Of New York Mellon CORP (BNY) — $19.6M (2.4%)
What changes did Cardinal Capital Management make in its most recent portfolio filing?
In the latest reported quarter, Cardinal Capital Management made 142 notable position adjustments: 7 new positions were initiated, 73 existing holdings were added to, 57 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Masimo CORP (MASI*); Sold out: Boston Beer Company Inc-a (SAM); Sold out: Sealed Air CORP (SDA); New buy: Cal-maine Foods Inc (CALM); New buy: Rogers Communications Inc-b (RCI)
What sectors does Cardinal Capital Management focus on?
Cardinal Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 22.6%
• Information Technology: 20.6%
• Industrials: 15.4%
• Financials: 14.4%
• Consumer Staples: 9.3%
• Energy: 5.6%
Investment Profile
Cardinal Capital Management returned an annualized 16.5% over the trailing 36 months — outperforming the S&P 500 by 1.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.73 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 18 over the past 4 quarters — a shift toward more active trading.
It has added to its CSCO position over the past two quarters (+$6.2M, now $18.3M), while trimming SAP over the same stretch (-$2.4M, still holding $4.2M).
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Developer Access
Access Cardinal Capital Management's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/cardinal-capital-managementCLI
npx alphasmo institutions get cardinal-capital-management