Cardinal Capital Management
CIK 1434845 · View on SEC EDGAR ↗
- Portfolio value
- $826.3M
- Positions
- 138
- As of
- June 30, 2026
#2,768 of 9,443 by 13F value · top 29.3%
Portfolio value QoQ: +6.5% 13F does not disclose cash
- Top 10 holdings weight
- 26.77%
- Top 25 holdings weight
- 49.26%
- Positions above 1%
- 34
- Effective number of positions
- 70.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.13% Est. buys $17,092,140 · sells $27,499,115
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 91.4% still held
- New positions
- 7
- Increased
- 73
- Decreased
- 57
- Closed
- 5
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +17.3% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 98.8% · Options excluded: 0.0%
Sector breakdown
Healthcare
21.4%
Industrials
19.2%
Technology
12.6%
Financials
8.6%
Retail
5.9%
Financial Services
5.6%
Energy
4.6%
Communication Services
3.6%
Consumer Discretionary
3.4%
Communications
3.2%
Consumer products
2.9%
Consumer Staples
2.7%
Materials
2.4%
Utilities
1.4%
Logistics & Transportation
1.3%
Telecommunication
0.2%
Packaging
0.1%
Other/Unmapped
0.8%
Full portfolio 138 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| LLY Eli Lilly and Company Common Stock | $31,791,337 | 3.85% | 26,505 | $7,148,518 | Down ×3 | ||
| JNJ Johnson & Johnson Common Stock | $29,159,002 | 3.53% | 114,813 | $710,884 | Down ×3 | ||
| AAPL Apple Inc. - Common Stock | $25,010,517 | 3.03% | 86,434 | $2,927,256 | Down ×4 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $22,711,221 | 2.75% | 63,551 | $4,245,268 | Down ×4 | ||
| BK The Bank of New York Mellon Corporation Common Stock | $19,580,194 | 2.37% | 135,400 | $3,344,136 | Down ×4 | ||
| COST Costco Wholesale Corporation - Common Stock | $19,285,650 | 2.33% | 20,616 | $-1,387,284 | Down ×6 | ||
| JPM JP Morgan Chase & Co. Common Stock | $19,123,601 | 2.31% | 58,423 | $1,830,228 | Down ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $18,698,368 | 2.26% | 50,127 | $351,638 | Up ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $18,334,802 | 2.22% | 156,094 | $6,100,798 | Down ×1 | ||
| DE Deere & Company Common Stock | $17,544,979 | 2.12% | 27,589 | $1,798,080 | Down ×4 | ||
| WMT Walmart Inc. - Common Stock | $17,429,922 | 2.11% | 153,893 | $-1,866,227 | Down ×6 | ||
| XOM Exxon Mobil Corporation Common Stock | $15,726,492 | 1.90% | 115,027 | $-3,852,951 | Down ×2 | ||
| CMI Cummins Inc. Common Stock | $14,886,833 | 1.80% | 20,873 | $3,568,506 | Down ×4 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $12,864,012 | 1.56% | 69,614 | $3,896,774 | Down ×1 | ||
| EMR Emerson Electric Company Common Stock | $12,656,183 | 1.53% | 88,412 | $1,018,458 | Down ×2 | ||
| IBM International Business Machines Corporation Common Stock | $12,568,400 | 1.52% | 44,694 | $1,734,051 | Down ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $12,447,469 | 1.51% | 96,235 | $741,417 | Down ×1 | ||
| ECL Ecolab Inc. Common Stock | $12,000,741 | 1.45% | 42,962 | $504,564 | Down ×1 | ||
| ITW Illinois Tool Works Inc. Common Stock | $11,815,120 | 1.43% | 43,427 | $394,866 | Down ×1 | ||
| KEYS Keysight Technologies Inc. Common Stock | $11,566,663 | 1.40% | 33,041 | $446,932 | Down ×2 | ||
| LH Labcorp Holdings Inc. Common Stock | $10,775,520 | 1.30% | 38,484 | $480,122 | Down ×1 | ||
| LOW Lowe's Companies, Inc. Common Stock | $10,633,792 | 1.29% | 48,228 | $-770,026 | Down ×1 | ||
| TFC Truist Financial Corporation Common Stock | $10,349,209 | 1.25% | 207,732 | $756,373 | Down ×1 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $10,076,175 | 1.22% | 44,656 | $1,007,183 | Up ×5 | ||
| A Agilent Technologies, Inc. Common Stock | $10,007,860 | 1.21% | 75,200 | $1,404,954 | Down ×1 | ||
| COP ConocoPhillips Common Stock | $9,565,568 | 1.16% | 92,012 | $-2,564,044 | Up ×6 | ||
| SBUX Starbucks Corporation - Common Stock | $9,539,413 | 1.15% | 93,350 | $1,156,318 | Down ×1 | ||
| STT State Street Corporation Common Stock | $9,315,959 | 1.13% | 54,929 | $2,306,433 | Down ×3 | ||
| ODC Oil-Dri Corporation Of America Common Stock | $8,932,235 | 1.08% | 87,391 | $3,199,368 | Down ×1 | ||
| AGX Argan, Inc. Common Stock | $8,817,590 | 1.07% | 11,042 | $-671,303 | Down ×5 | ||
| MMM 3M Company Common Stock | $8,794,952 | 1.06% | 54,320 | $856,389 | Down ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $8,771,470 | 1.06% | 59,816 | $207,716 | Up ×6 | ||
| TROW T. Rowe Price Group, Inc. - Common Stock | $8,305,055 | 1.01% | 73,050 | $1,725,465 | Up ×2 | ||
| HAS Hasbro, Inc. - Common Stock | $8,240,831 | 1.00% | 99,780 | $-1,121,884 | Down ×1 | ||
| RY Royal Bank Of Canada Common Stock | $8,202,222 | 0.99% | 39,630 | $1,766,290 | Down ×1 | ||
| FFIV F5, Inc. - Common Stock | $8,062,553 | 0.98% | 19,383 | $2,466,042 | Up ×6 | ||
| NFG National Fuel Gas Company Common Stock | $7,826,729 | 0.95% | 100,653 | $-1,742,920 | Down ×1 | ||
| NVS Novartis AG Common Stock | $7,784,283 | 0.94% | 49,670 | $195,052 | Down ×1 | ||
| CW Curtiss-Wright Corporation Common Stock | $7,753,768 | 0.94% | 10,229 | $746,673 | Down ×5 | ||
| IDXX IDEXX Laboratories, Inc. - Common Stock | $7,449,653 | 0.90% | 14,151 | $-476,930 | Up ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $6,840,294 | 0.83% | 83,625 | $390,116 | Down ×1 | ||
| MDT Medtronic plc. Ordinary Shares | $6,713,413 | 0.81% | 85,040 | $-595,909 | Up ×6 | ||
| UTHR United Therapeutics Corporation - Common Stock | $6,485,706 | 0.78% | 11,970 | $-708,921 | Down ×1 | ||
| SYNA Synaptics Incorporated - Common Stock | $6,172,368 | 0.75% | 49,685 | $2,703,707 | Up ×6 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $6,054,422 | 0.73% | 105,075 | $-283,928 | Up ×6 | ||
| MKC McCormick & Company, Incorporated Common Stock | $5,770,267 | 0.70% | 114,444 | $381,459 | Up ×6 | ||
| FDX FedEx Corporation Common Stock | $5,740,481 | 0.69% | 18,262 | $-768,486 | Up ×6 | ||
| TD Toronto Dominion Bank (The) Common Stock | $5,627,552 | 0.68% | 46,344 | $1,298,247 | Down ×2 | ||
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $5,436,706 | 0.66% | 62,606 | $1,128,049 | Up ×6 | ||
| REGN Regeneron Pharmaceuticals, Inc. - Common Stock | $5,235,866 | 0.63% | 8,397 | $-1,282,126 | Down ×1 | ||
| LSTR Landstar System, Inc. - Common Stock | $5,219,885 | 0.63% | 25,240 | $1,116,910 | Down ×1 | ||
| BDX Becton, Dickinson and Company Common Stock | $5,140,681 | 0.62% | 33,970 | $-130,141 | Up ×6 | ||
| TDY Teledyne Technologies Incorporated Common Stock | $5,070,441 | 0.61% | 7,603 | $438,484 | Down ×1 | ||
| PLPC Preformed Line Products Company - Common Stock | $5,008,011 | 0.61% | 12,198 | $1,708,651 | Up ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $4,926,127 | 0.60% | 13,942 | $894,883 | Down ×4 | ||
| PSX Phillips 66 Common Stock | $4,798,992 | 0.58% | 28,388 | $-396,600 | Down ×1 | ||
| USLM United States Lime & Minerals, Inc. - Common Stock | $4,665,770 | 0.56% | 44,576 | $-1,151,469 | Up ×2 | ||
| PEP PepsiCo, Inc. - Common Stock | $4,586,514 | 0.56% | 33,874 | $-624,212 | Up ×6 | ||
| BCPC Balchem Corporation - Common Stock | $4,514,682 | 0.55% | 26,722 | $-22,637 | Down ×1 | ||
| SNA Snap-On Incorporated Common Stock | $4,511,709 | 0.55% | 11,212 | $396,063 | Down ×1 | ||
| SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) | $4,465,607 | 0.54% | 57,591 | $-886,729 | Up ×5 | ||
| RJF Raymond James Financial, Inc. Common Stock | $4,334,224 | 0.52% | 28,509 | $191,202 | Down ×1 | ||
| SAP SAP SE ADS | $4,247,426 | 0.51% | 27,561 | $-420,102 | Up ×3 | ||
| WBS Webster Financial Corporation Common Stock | $4,205,087 | 0.51% | 55,026 | $345,751 | Down ×1 | ||
| TM Toyota Motor Corporation Common Stock | $4,140,775 | 0.50% | 24,586 | $-878,547 | Up ×6 | ||
| IDCC InterDigital, Inc. - Common Stock | $4,128,036 | 0.50% | 14,580 | $-305,928 | Down ×3 | ||
| ESLT Elbit Systems Ltd. - Ordinary Shares | $3,889,958 | 0.47% | 5,127 | $-1,277,604 | Down ×2 | ||
| DXCM DexCom, Inc. - Common Stock | $3,831,542 | 0.46% | 56,890 | $310,032 | Up ×6 | ||
| CACI CACI International, Inc. Class A Common Stock | $3,685,697 | 0.45% | 7,956 | $-614,140 | Up ×1 | ||
| CRUS Cirrus Logic, Inc. - Common Stock | $3,602,299 | 0.44% | 24,253 | $81,380 | Down ×1 | ||
| GIS General Mills, Inc. Common Stock | $3,598,425 | 0.44% | 103,403 | $-5,711,191 | Down ×1 | ||
| TTE TotalEnergies SE Ordinary Shares | $3,585,551 | 0.43% | 45,547 | $-588,800 | Up ×2 | ||
| JAZZ Jazz Pharmaceuticals plc - Ordinary Shares | $3,582,501 | 0.43% | 14,867 | $801,764 | Up ×6 | ||
| SR Spire Inc. Common Stock | $3,468,244 | 0.42% | 43,955 | $-552,875 | Down ×1 | ||
| BSAC Banco Santander - Chile ADS | $3,445,829 | 0.42% | 104,641 | $-8,600 | Up ×6 | ||
| HBAN Huntington Bancshares Incorporated - Common Stock | $3,444,477 | 0.42% | 192,606 | $403,596 | Up ×6 | ||
| SNY Sanofi - American Depositary Shares | $3,431,997 | 0.42% | 80,450 | $-182,804 | Up ×6 | ||
| BMI Badger Meter, Inc. Common Stock | $3,340,776 | 0.40% | 22,515 | $194,443 | Up ×3 | ||
| GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares) | $3,282,899 | 0.40% | 62,101 | $-177,978 | Down ×1 | ||
| ENS EnerSys Common Stock | $3,274,700 | 0.40% | 13,992 | $1,207,779 | Up ×3 | ||
| PAHC Phibro Animal Health Corporation - Class A Common Stock | $3,131,303 | 0.38% | 99,723 | $-2,345,826 | Up ×1 | ||
| PFE Pfizer, Inc. Common Stock | $2,998,851 | 0.36% | 124,537 | $-474,196 | Up ×2 | ||
| CFR Cullen/Frost Bankers, Inc. Common Stock | $2,986,718 | 0.36% | 19,329 | $381,649 | Up ×6 | ||
| FNB F.N.B. Corporation Common Stock | $2,919,279 | 0.35% | 153,002 | $375,514 | Up ×2 | ||
| DLB Dolby Laboratories Common Stock | $2,871,552 | 0.35% | 54,613 | $-63,641 | Up ×6 | ||
| UPS United Parcel Service, Inc. Common Stock | $2,802,095 | 0.34% | 26,066 | $255,430 | Up ×6 | ||
| Q Qnity Electronics, Inc. Common Stock | $2,797,174 | 0.34% | 17,128 | $807,445 | Down ×1 | ||
| KE Kimball Electronics, Inc. - Common Stock | $2,769,204 | 0.34% | 108,172 | $200,497 | Down ×1 | ||
| OZK Bank OZK - Common Stock | $2,673,103 | 0.32% | 51,317 | $334,135 | Up ×4 | ||
| JKHY Jack Henry & Associates, Inc. - Common Stock | $2,638,961 | 0.32% | 19,159 | $-244,953 | Up ×6 | ||
| CRL Charles River Laboratories International, Inc. Common Stock | $2,541,409 | 0.31% | 11,206 | $638,561 | Up ×3 | ||
| UNB Union Bankshares, Inc. - Common Stock | $2,535,389 | 0.31% | 104,509 | $41,129 | Up ×2 | ||
| WLY John Wiley & Sons, Inc. Common Stock | $2,444,371 | 0.30% | 50,389 | $541,923 | Up ×6 | ||
| NVO Novo Nordisk A/S Common Stock | $2,409,513 | 0.29% | 50,261 | $637,385 | Up ×2 | ||
| NXPI NXP Semiconductors N.V. - Common Stock | $2,406,587 | 0.29% | 8,533 | $731,113 | Up ×6 | ||
| HUBG Hub Group, Inc. - Class A Common Stock | $2,378,016 | 0.29% | 54,305 | $421,476 | Up ×6 | ||
| UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) | $2,374,079 | 0.29% | 39,489 | $212,424 | Up ×2 | ||
| TMP | $2,371,318 | 0.29% | 25,088 | $438,476 | Up ×6 | ||
| MORN Morningstar, Inc. - Common Stock | $2,348,258 | 0.28% | 15,051 | $19,256 | Up ×2 | ||
| GGG Graco Inc. Common Stock | $2,292,042 | 0.28% | 30,314 | $-208,858 | Up ×3 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| ADP | $10,076,175 | 1.22% | up ×5 |
| COP | $9,565,568 | 1.16% | up ×6 |
| PG | $8,771,470 | 1.06% | up ×6 |
| FFIV | $8,062,553 | 0.98% | up ×6 |
| MDT | $6,713,413 | 0.81% | up ×6 |
| SYNA | $6,172,368 | 0.75% | up ×6 |
| BMY | $6,054,422 | 0.73% | up ×6 |
| MKC | $5,770,267 | 0.70% | up ×6 |
| FDX | $5,740,481 | 0.69% | up ×6 |
| BNS | $5,436,706 | 0.66% | up ×6 |
| BDX | $5,140,681 | 0.62% | up ×6 |
| PLPC | $5,008,011 | 0.61% | up ×6 |
| PEP | $4,586,514 | 0.56% | up ×6 |
| SHEL | $4,465,607 | 0.54% | up ×5 |
| SAP | $4,247,426 | 0.51% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| MASI | June 30, 2026 | 22,132 | $3,936,619 | No longer tracked |
| SAM | June 30, 2026 | 11,384 | $2,622,874 | 5.7% |
| ULXXXX | Dec. 31, 2025 | 41,766 | $2,475,889 | No longer tracked |
| PFE | June 30, 2025 | 95,064 | $2,408,922 | 14.8% |
| SEE | June 30, 2026 | 52,544 | $2,209,476 | No longer tracked |
| RHI | Sept. 30, 2025 | 39,873 | $1,636,787 | 28.8% |
| NVEC | Dec. 31, 2025 | 17,500 | $1,142,225 | 85.6% |
| DOW | June 30, 2025 | 32,125 | $1,121,815 | 23.4% |
| AMCR | Dec. 31, 2025 | 126,653 | $1,036,022 | 14.6% |
| HLIO | June 30, 2025 | 25,310 | $812,198 | 124.3% |
| BA | June 30, 2025 | 3,034 | $517,449 | 4.6% |
| DD | June 30, 2026 | 10,437 | $478,015 | 3.0% |
| MICC | June 30, 2026 | 8,483 | $126,821 | 13.5% |