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Cardinal Capital Management

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$775.6M

Reporting period: 2026-03-31 · Number of holdings: 136

Cardinal Capital Management disclosed 136 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $775.6M and a quarterly turnover rate of 14.0%.

Personality snowflake

Concentration
5.56
Portfolio Stability
13.98
Momentum/Contrarian
100
Sector conviction
44.57
Diversification
100
Sizing Uniformity
90.52

Recent moves

  • Trim MSFT

    -0.1%　-$5.6M

  • Trim LLY

    -2.2%　-$4.8M

  • Add XOM

    -0.2%　$5.7M

  • Add JNJ

    -0.6%　$4.2M

  • Add COP

    +0.5%　$3.6M

  • Trim QCOM

    +1.4%　-$2.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1JNJJohnson & JohnsonStock-Healthcare3.67%+0.46%-0.62%
2LLYEli Lilly & CoStock-Healthcare3.18%-0.72%-2.20%
3AAPLApple INCStock-Tech2.85%-0.29%-0.19%
4COSTCostco Wholesale CORPStock-Consumer Staples2.67%+0.29%-0.39%
5XOMExxon Mobil CORPStock-Energy2.52%+0.68%-0.24%
6WMTWalmart INCStock-Consumer Staples2.49%+0.18%-0.81%
7GOOGLAlphabet Inc-cl AStock-Comm Services2.38%-0.34%-2.27%
8MSFTMicrosoft CORPStock-Tech2.37%-0.81%-0.06%
9JPMJpmorgan Chase & CoStock-Financials2.23%-0.30%-0.65%
10BNYBank Of New York Mellon CORPStock-Financials2.09%—-1.64%
11DEDeere & CoStock-Industrials2.03%+0.30%-0.35%
12CSCOCisco Systems INCStock-Tech1.58%—+0.42%
13COPConocophillipsStock-Energy1.56%+0.43%+0.52%
14MRKMerck & Co. INC.Stock-Healthcare1.51%+0.16%+0.36%
15EMREmerson Electric CoStock-Industrials1.50%—-0.39%
16ECLEcolab INCStock-Materials1.48%—+0.24%
17ITWIllinois Tool WorksStock-Industrials1.47%+0.05%+0.59%
18LOWLowe's Cos INCStock-Consumer Disc1.47%—+0.71%
19CMICummins INCStock-Industrials1.46%—-1.95%
20KEYSKeysight Technologies InStock-Tech1.43%+0.35%-1.71%
21IBMIntl Business Machines CORPStock-Tech1.40%-0.33%+1.21%
22LHLabcorp Holdings INCStock-Healthcare1.33%+0.05%+0.48%
23TFCTruist Financial CORPStock-Financials1.24%-0.12%+0.18%
24NFGNational Fuel Gas CoStock-Energy1.23%+0.16%+0.90%
25AGXArgan INCStock-Industrials1.22%+0.10%-35.34%
26HASHasbro INCStock-Consumer Disc1.21%+0.13%+0.15%
27GISGeneral Mills INCStock-Consumer Staples1.20%+0.39%+89.92%
28ADPAutomatic Data ProcessingStock-Tech1.17%-0.31%+2.33%
29QCOMQualcomm INCStock-Tech1.16%-0.40%+1.37%
30AAgilent Technologies INCStock-Healthcare1.11%-0.24%+0.29%
31PGProcter & Gamble Co/theStock-Consumer Staples1.10%—+1.75%
32SBUXStarbucks CORPStock-Consumer Disc1.08%—+1.05%
33MMM3m CoStock-Industrials1.02%-0.14%+0.26%
34IDXXIdexx Laboratories INCStock-Healthcare1.02%-0.24%-0.06%
35NVSNovartis Ag-sponsored AdrStock-Healthcare0.98%+0.07%+0.04%
36MDTMedtronic plcStock-Healthcare0.94%-0.12%+0.95%
37UTHRUnited Therapeutics CORPStock-Healthcare0.93%+0.15%+0.31%
38STTState Street CORPStock-Financials0.90%—-0.17%
39CWCurtiss-wright CORPStock-Industrials0.90%+0.13%-2.14%
40TROWT Rowe Price Group INCStock-Financials0.85%-0.11%+2.70%
41REGNRegeneron PharmaceuticalsStock-Healthcare0.84%—+0.36%
42FDXFedex CORPStock-Industrials0.84%+0.14%+0.20%
43KOCoca-cola Co/theStock-Consumer Staples0.83%—+1.10%
44RYRoyal Bank Of CanadaStock-Financials0.83%—+0.10%
45BMYBristol-myers Squibb CoStock-Healthcare0.82%+0.08%+0.21%
46USLMUnited States Lime & MineralStock-Other0.75%—+0.06%
47ODCOil-dri CORP Of AmericaStock-Other0.74%+0.17%+0.14%
48FFIVF5 INCStock-Tech0.72%+0.07%+1.25%
49PAHCPhibro Animal Health Corp-aStock-Other0.71%+0.22%-0.13%
50MKCMccormick & Co-non Vtg ShrsStock-Consumer Staples0.69%-0.25%+3.75%
1–50 of 136

Holding changes this quarter

Cardinal Capital Management's most significant position changes for 2026-03-31: New buy: Waters CORP (WAT); Trim: Microsoft CORP (MSFT) — shares -0.06%; Trim: Eli Lilly & Co (LLY) — shares -2.20%; Trim: Exxon Mobil CORP (XOM) — shares -0.24%; Trim: Johnson & Johnson (JNJ) — shares -0.62%.

Position changes disclosed by Cardinal Capital Management for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1XOMExxon Mobil CORP+0.7%-0.24%Trim
2JNJJohnson & Johnson+0.5%-0.62%Trim
3COPConocophillips+0.4%+0.52%Add
4GISGeneral Mills INC+0.4%+89.92%Add
5KEYSKeysight Technologies In+0.4%-1.71%Trim
6DEDeere & Co+0.3%-0.35%Trim
7COSTCostco Wholesale CORP+0.3%-0.39%Trim
8PAHCPhibro Animal Health Corp-a+0.2%-0.13%Trim
9WMTWalmart INC+0.2%-0.81%Trim
10PSXPhillips 66+0.2%+0.16%Add
11ODCOil-dri CORP Of America+0.2%+0.14%Add
12MRKMerck & Co. INC.+0.2%+0.36%Add
13NFGNational Fuel Gas Co+0.2%+0.90%Add
14UTHRUnited Therapeutics CORP+0.2%+0.31%Add
15✓ Totalenergies Se+0.2%+0.65%Add
16FDXFedex CORP+0.1%+0.20%Add
17MASI*Masimo CORP+0.1%+3.12%Add
18CWCurtiss-wright CORP+0.1%-2.14%Trim
19HASHasbro INC+0.1%+0.15%Add
20SHELShell Plc-adr+0.1%+0.14%Add
21AGXArgan INC+0.1%-35.34%Trim
22PLPCPreformed Line Products Co+0.1%+0.68%Add
23SAMBoston Beer Company Inc-a+0.1%+19.19%Add
24TDYTeledyne Technologies INC+0.1%+0.72%Add
25BMYBristol-myers Squibb Co+0.1%+0.21%Add
26CRUSCirrus Logic INC+0.1%+2.34%Add
27NVSNovartis Ag-sponsored Adr+0.1%+0.04%Add
28FFIVF5 INC+0.1%+1.25%Add
29ITWIllinois Tool Works+0.1%+0.59%Add
30LHLabcorp Holdings INC+0.1%+0.48%Add
31ITGartner INC-0.1%-71.38%Trim
32VEEVVeeva Systems Inc-class A-0.1%+1.60%Add
33TROWT Rowe Price Group INC-0.1%+2.70%Add
34MDTMedtronic plc-0.1%+0.95%Add
35TFCTruist Financial CORP-0.1%+0.18%Add
36MMM3m Co-0.1%+0.26%Add
37BDXBecton Dickinson And Co-0.2%+2.70%Add
38IDXXIdexx Laboratories INC-0.2%-0.06%Trim
39AAgilent Technologies INC-0.2%+0.29%Add
40MKCMccormick & Co-non Vtg Shrs-0.3%+3.75%Add
41SAPSap Se-sponsored Adr-0.3%+0.12%Add
42AAPLApple INC-0.3%-0.19%Trim
43JPMJpmorgan Chase & Co-0.3%-0.65%Trim
44ADPAutomatic Data Processing-0.3%+2.33%Add
45IBMIntl Business Machines CORP-0.3%+1.21%Add
46GOOGLAlphabet Inc-cl A-0.3%-2.27%Trim
47QCOMQualcomm INC-0.4%+1.37%Add
48LLYEli Lilly & Co-0.7%-2.20%Trim
49MSFTMicrosoft CORP-0.8%-0.06%Trim
50WATWaters CORP—NEWNew buy

FAQ

What is Cardinal Capital Management and what type of investor is it?
Cardinal Capital Management is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $775.6M, spread across 136 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. Johnson & Johnson (JNJ) — $28.4M (3.7%) 2. Eli Lilly & Co (LLY) — $24.6M (3.2%) 3. Apple INC (AAPL) — $22.1M (2.9%) 4. Costco Wholesale CORP (COST) — $20.7M (2.7%) 5. Exxon Mobil CORP (XOM) — $19.6M (2.5%)
What changes did Cardinal Capital Management make in its most recent portfolio filing?
In the latest reported quarter, Cardinal Capital Management made 50 notable position adjustments: 1 new positions were initiated, 33 existing holdings were added to, 16 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Waters CORP (WAT); Trim: Microsoft CORP (MSFT) — shares -0.06%; Trim: Eli Lilly & Co (LLY) — shares -2.20%; Trim: Exxon Mobil CORP (XOM) — shares -0.24%; Trim: Johnson & Johnson (JNJ) — shares -0.62%
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: 18.6% • Industrials: 15.1% • Financials: 13.0% • Consumer Staples: 11.2% • Energy: 7.3%