Cardinal Capital Management 13F annual report
Cardinal Capital Management is an investment fund managing more than $594 billion ran by J. Andrews. There are currently 133 companies in Andrews’s portfolio. The largest investments include Eli Lilly Co and Microsoft, together worth $49.3 billion.
$594 billion Assets Under Management (AUM)
As of 5th July 2024, Cardinal Capital Management’s top holding is 28,949 shares of Eli Lilly Co currently worth over $26.2 billion and making up 4.4% of the portfolio value.
In addition, the fund holds 51,657 shares of Microsoft worth $23.1 billion, whose value grew 17.0% in the past six months.
The third-largest holding is Costco Whsl Corp New worth $18.6 billion and the next is Apple Inc worth $17.5 billion, with 83,241 shares owned.
Currently, Cardinal Capital Management's portfolio is worth at least $594 billion. 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 Cardinal Capital Management
The Cardinal Capital Management office and employees reside in Raleigh, North Carolina. According to the last 13-F report filed with the SEC, J. Andrews serves as the Vice President at Cardinal Capital Management.
Recent trades
In the most recent 13F filing, Cardinal Capital Management revealed that it had opened a new position in
Labcorp and bought 33,880 shares worth $6.89 billion.
This means they effectively own approximately 0.1% of the company.
Labcorp makes up
13.7%
of the fund's Health Care sector allocation and has decreased its share price by 3.2% in the past year.
The investment fund also strengthened its position in Apple Inc by buying
1,025 additional shares.
This makes their stake in Apple Inc total 83,241 shares worth $17.5 billion.
Apple Inc soared 19.9% in the past year.
On the other hand, there are companies that Cardinal Capital Management is getting rid of from its portfolio.
Cardinal Capital Management closed its position in Laboratory Corp Amer Hldgs on 12th July 2024.
It sold the previously owned 33,552 shares for $7.33 billion.
J. Andrews also disclosed a decreased stake in Eli Lilly Co by 0.1%.
This leaves the value of the investment at $26.2 billion and 28,949 shares.
One of the average hedge funds
The two most similar investment funds to Cardinal Capital Management are Advisors Preferred and Advisorshares Investments. They manage $594 billion and $593 billion respectively.
J. Andrews investment strategy
Cardinal Capital Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 14.0% of
the total portfolio value.
The fund focuses on investments in the United States as
48.1% 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
30% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $121 billion.
The complete list of Cardinal Capital Management trades based on 13F SEC filings
These positions were updated on July 12th 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 |
|---|---|---|---|
| Eli Lilly Co |
14.58%
28,949
|
$26,210,028,000 | 4.41% |
| Microsoft Corporation |
0.84%
51,657
|
$23,088,089,000 | 3.89% |
| Costco Whsl Corp New |
0.15%
21,829
|
$18,554,047,000 | 3.12% |
| Apple Inc |
1.25%
83,241
|
$17,532,201,000 | 2.95% |
| Johnson Johnson |
1.14%
107,453
|
$15,705,299,000 | 2.65% |
| Exxon Mobil Corp. |
0.22%
110,966
|
$12,774,406,000 | 2.15% |
| Qualcomm, Inc. |
0.08%
63,036
|
$12,555,555,000 | 2.11% |
| Alphabet Inc |
0.06%
81,335
|
$14,834,171,000 | 2.50% |
| Jpmorgan Chase Co. |
0.13%
57,370
|
$11,603,657,000 | 1.95% |
| Walmart Inc |
0.18%
162,273
|
$10,987,505,000 | 1.85% |
| Automatic Data Processing In |
0.62%
42,596
|
$10,226,178,000 | 1.72% |
| Deere Co |
0.32%
27,200
|
$10,202,322,000 | 1.72% |
| Lowes Cos Inc |
0.37%
46,173
|
$10,179,300,000 | 1.71% |
| Ecolab, Inc. |
0.07%
40,938
|
$9,766,275,000 | 1.64% |
| Illinois Tool Wks Inc |
0.58%
39,313
|
$9,369,908,000 | 1.58% |
| Emerson Elec Co |
0.54%
84,167
|
$9,271,841,000 | 1.56% |
| Merck Co Inc |
0.11%
73,118
|
$9,107,833,000 | 1.53% |
| Conocophillips |
1.16%
76,911
|
$8,797,081,000 | 1.48% |
| Procter And Gamble Co |
0.59%
52,932
|
$8,729,604,000 | 1.47% |
| Intel Corp. |
2.88%
278,963
|
$8,639,485,000 | 1.46% |
| Agilent Technologies Inc. |
0.39%
65,886
|
$8,540,803,000 | 1.44% |
| Bank New York Mellon Corp |
1.16%
141,631
|
$8,482,281,000 | 1.43% |
| Regeneron Pharmaceuticals, Inc. |
0.21%
7,790
|
$8,187,524,000 | 1.38% |
| International Business Machs |
1.39%
43,812
|
$7,577,286,000 | 1.28% |
| Truist Finl Corp |
0.38%
193,869
|
$7,531,811,000 | 1.27% |
| Laboratory Corp Amer Hldgs |
Closed
33,552
|
$7,329,770,000 | |
| General Mls Inc |
0.75%
115,623
|
$7,314,311,000 | 1.23% |
| Cisco Sys Inc |
1.24%
150,929
|
$7,170,637,000 | 1.21% |
| Novo-nordisk A S |
29.71%
48,312
|
$6,896,055,000 | 1.16% |
| Labcorp Holdings Inc. |
Opened
33,880
|
$6,894,919,000 | 1.16% |
| Idexx Labs Inc |
0.40%
13,826
|
$6,736,028,000 | 1.13% |
| Biogen Inc |
Closed
30,467
|
$6,569,600,000 | |
| Price T Rowe Group Inc |
0.66%
56,683
|
$6,536,117,000 | 1.10% |
| Mccormick Co Inc |
1.47%
90,684
|
$6,433,123,000 | 1.08% |
| Starbucks Corp. |
2.02%
80,472
|
$6,264,727,000 | 1.06% |
| Becton Dickinson Co |
1.20%
26,590
|
$6,214,349,000 | 1.05% |
| Cummins Inc. |
0.02%
20,764
|
$5,750,175,000 | 0.97% |
| Medtronic Plc |
1.90%
70,767
|
$5,618,850,000 | 0.95% |
| Sap SE |
0.73%
27,619
|
$5,571,029,000 | 0.94% |
| Keysight Technologies Inc |
0.55%
38,490
|
$5,263,508,000 | 0.89% |
| Coca-Cola Co |
0.25%
81,545
|
$5,229,788,000 | 0.88% |
| Pepsico Inc |
1.00%
31,291
|
$5,160,793,000 | 0.87% |
| National Fuel Gas Co. |
2.03%
91,355
|
$4,997,003,000 | 0.84% |
| 3M Co. |
2.35%
48,869
|
$4,993,920,000 | 0.84% |
| Novartis AG |
2.53%
46,875
|
$4,990,313,000 | 0.84% |
| Fedex Corp |
0.39%
16,284
|
$4,904,868,000 | 0.83% |
| Hasbro, Inc. |
4.04%
76,264
|
$4,461,444,000 | 0.75% |
| Toyota Motor Corporation |
2.66%
21,314
|
$4,368,731,000 | 0.74% |
| Dollar Tree Inc |
3.30%
40,749
|
$4,350,771,000 | 0.73% |
| United Sts Lime Minerals I |
21.06%
11,222
|
$4,086,828,000 | 0.69% |
| Royal Bk Cda |
2.81%
38,167
|
$4,060,206,000 | 0.68% |
| Shell Plc |
5.04%
54,944
|
$3,965,858,000 | 0.67% |
| Badger Meter Inc. |
0.20%
21,125
|
$3,936,644,000 | 0.66% |
| State Str Corp |
0.39%
53,157
|
$3,933,618,000 | 0.66% |
| Raymond James Finl Inc |
1.37%
31,199
|
$3,856,509,000 | 0.65% |
| Landstar Sys Inc |
2.64%
19,879
|
$3,667,278,000 | 0.62% |
| Phillips 66 |
0.13%
25,094
|
$3,542,520,000 | 0.60% |
| Morningstar Inc |
0.84%
11,839
|
$3,502,569,000 | 0.59% |
| Balchem Corp. |
2.55%
22,561
|
$3,473,266,000 | 0.58% |
| Caci International Inc. |
1.52%
7,602
|
$3,269,849,000 | 0.55% |
| United Therapeutics Corp |
2.85%
10,239
|
$3,261,634,000 | 0.55% |
| Sanofi |
3.08%
66,585
|
$3,230,705,000 | 0.54% |
| F5 Inc |
1.09%
17,969
|
$3,094,801,000 | 0.52% |
| Bristol-Myers Squibb Co. |
Closed
56,860
|
$3,083,518,000 | |
| Curtiss-Wright Corp. |
1.26%
11,192
|
$3,035,154,000 | 0.51% |
| United Parcel Service, Inc. |
1.24%
21,818
|
$2,985,794,000 | 0.50% |
| Oil Dri Corp Amer |
1.08%
46,239
|
$2,963,458,000 | 0.50% |
| Veeva Sys Inc |
2.86%
15,452
|
$2,827,871,000 | 0.48% |
| Dolby Laboratories Inc |
3.39%
35,568
|
$2,818,053,000 | 0.47% |
| TotalEnergies SE |
5.01%
41,345
|
$2,791,229,000 | 0.47% |
| Teledyne Technologies Inc |
2.41%
7,109
|
$2,758,150,000 | 0.46% |
| Snap-on, Inc. |
2.33%
10,527
|
$2,751,653,000 | 0.46% |
| Henry Jack Assoc Inc |
2.21%
15,832
|
$2,628,429,000 | 0.44% |
| Cirrus Logic, Inc. |
2.57%
20,279
|
$2,588,818,000 | 0.44% |
| Pfizer Inc. |
1.81%
90,416
|
$2,529,840,000 | 0.43% |
| Elbit Sys Ltd |
1.76%
14,118
|
$2,500,601,000 | 0.42% |
| Toronto Dominion Bk Ont |
2.86%
43,878
|
$2,411,535,000 | 0.41% |
| DuPont de Nemours Inc |
1.02%
29,823
|
$2,400,454,000 | 0.40% |
| Bank Nova Scotia Halifax |
0.92%
52,266
|
$2,389,602,000 | 0.40% |
| Graco Inc. |
2.70%
29,941
|
$2,373,723,000 | 0.40% |
| Huntington Bancshares, Inc. |
2.32%
170,367
|
$2,271,734,000 | 0.38% |
| Nxp Semiconductors N V |
15.10%
8,045
|
$2,172,856,000 | 0.37% |
| Robert Half Inc |
4.02%
33,859
|
$2,166,299,000 | 0.36% |
| GSK Plc |
2.57%
55,564
|
$2,159,650,000 | 0.36% |
| Unilever plc |
2.26%
38,928
|
$2,140,651,000 | 0.36% |
| Argan, Inc. |
1.18%
29,062
|
$2,126,176,000 | 0.36% |
| Charles Riv Labs Intl Inc |
3.77%
10,192
|
$2,105,464,000 | 0.35% |
| Webster Finl Corp |
3.54%
47,418
|
$2,066,951,000 | 0.35% |
| Spire Inc. |
3.64%
32,773
|
$2,014,805,000 | 0.34% |
| Synaptics Inc |
5.72%
22,240
|
$1,961,568,000 | 0.33% |
| Masimo Corp |
4.58%
15,440
|
$1,944,514,000 | 0.33% |
| Gentex Corp. |
4.21%
56,287
|
$1,897,435,000 | 0.32% |
| Banco Santander Chile New |
4.26%
97,762
|
$1,840,859,000 | 0.31% |
| Universal Display Corp. |
2.37%
8,588
|
$1,805,627,000 | 0.30% |
| Hub Group, Inc. |
3.64%
40,948
|
$1,762,812,000 | 0.30% |
| Kimball Electronics Inc |
21.59%
78,473
|
$1,724,837,000 | 0.29% |
| Lindsay Corporation |
5.02%
13,999
|
$1,720,198,000 | 0.29% |
| Bank Ozk Little Rock Ark |
4.42%
41,135
|
$1,686,535,000 | 0.28% |
| Ziff Davis Inc |
18.26%
30,101
|
$1,657,061,000 | 0.28% |
| F.N.B. Corp. |
1.01%
120,647
|
$1,650,451,000 | 0.28% |
| Gartner, Inc. |
1.92%
3,564
|
$1,600,450,000 | 0.27% |
| Boston Beer Co., Inc. |
20.19%
4,869
|
$1,485,289,000 | 0.25% |
| Alcon Ag |
5.04%
16,585
|
$1,477,392,000 | 0.25% |
| Interdigital Inc |
6.60%
12,597
|
$1,468,307,000 | 0.25% |
| Dow Inc |
1.77%
27,597
|
$1,464,021,000 | 0.25% |
| Cullen Frost Bankers Inc. |
5.83%
14,116
|
$1,434,610,000 | 0.24% |
| Union Bankshares, Inc. |
17.38%
64,629
|
$1,388,231,000 | 0.23% |
| Corteva Inc |
1.35%
25,669
|
$1,384,586,000 | 0.23% |
| La-Z-Boy Inc. |
4.39%
36,998
|
$1,379,286,000 | 0.23% |
| Check Point Software Tech Lt |
8.13%
8,235
|
$1,358,775,000 | 0.23% |
| Forward Air Corp. |
Closed
42,164
|
$1,311,723,000 | |
| Jazz Pharmaceuticals plc |
1.92%
12,068
|
$1,288,018,000 | 0.22% |
| Alarm.com Holdings Inc |
20.83%
20,031
|
$1,272,770,000 | 0.21% |
| Haemonetics Corp Mass |
3.84%
14,832
|
$1,227,052,000 | 0.21% |
| Mohawk Inds Inc |
2.98%
10,755
|
$1,221,661,000 | 0.21% |
| Sealed Air Corp. |
4.40%
34,778
|
$1,209,927,000 | 0.20% |
| Wiley John Sons Inc |
3.74%
29,628
|
$1,205,860,000 | 0.20% |
| Preformed Line Prods Co |
13.45%
9,255
|
$1,152,618,000 | 0.19% |
| Amcor Plc |
832.16%
115,616
|
$1,130,725,000 | 0.19% |
| National Resh Corp |
Closed
26,988
|
$1,072,061,000 | |
| Utah Med Prods Inc |
6.16%
15,645
|
$1,049,906,000 | 0.18% |
| Monro Inc |
Closed
32,142
|
$1,013,759,000 | |
| Integra Lifesciences Hldgs C |
9.54%
34,034
|
$991,751,000 | 0.17% |
| Insteel Inds Inc |
4.99%
30,571
|
$946,479,000 | 0.16% |
| Phibro Animal Health Corp. |
4.71%
56,027
|
$939,573,000 | 0.16% |
| Helios Technologies, Inc. |
3.76%
19,353
|
$924,106,000 | 0.16% |
| Middleby Corp. |
5.32%
7,427
|
$910,625,000 | 0.15% |
| NVE Corp |
5.12%
11,760
|
$878,355,000 | 0.15% |
| Henry Schein Inc. |
5.29%
13,345
|
$855,415,000 | 0.14% |
| Worthington Enterprises Inc. |
5.97%
16,870
|
$798,458,000 | 0.13% |
| Ishares Tr |
No change
15,340
|
$786,022,000 | 0.13% |
| Fortrea Hldgs Inc |
2.69%
31,548
|
$736,331,000 | 0.12% |
| Heartland Express, Inc. |
Closed
58,015
|
$693,536,000 | |
| Tompkins Finl Corp |
11.28%
12,863
|
$629,001,000 | 0.11% |
| Solventum Corp |
Opened
11,781
|
$622,980,000 | 0.10% |
| Worthington Stl Inc |
1.06%
12,376
|
$412,864,000 | 0.07% |
| Haleon Plc |
2.53%
46,231
|
$381,869,000 | 0.06% |
| Spdr Sp 500 Etf Tr |
6.02%
581
|
$317,214,000 | 0.05% |
| Avidxchange Holdings Inc |
No change
14,441
|
$174,159,000 | 0.03% |
| Embecta Corp |
16.81%
11,753
|
$146,913,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 140 holdings | |||
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