Cardinal Capital Management
SEC Form 13F institutional filer · CIK 0001434845
13F-HR · 66 reported holdings · 2026-03-31
Reported long-US-equity value
$0.55B
Top-10 concentration
37.3%
Cardinal Capital Management — $550M AUM allocation strategy
Cardinal Capital Management files SEC Form 13F and reports $550M of long US equity value across 66 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 11.8%, followed by Information Technology 11.6% and Industrials 9.1%.
The top 10 holdings account for 37% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Cardinal Capital Management — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$550M
total across 66 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
37% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$GIS +118K sh · +$3.19M+$MKC +3.87K sh · −$1.67M+$DD +3.75K sh · +$209K
Biggest trims (shares)
−$IT −2.83K sh · −$819K−$BNY −2.28K sh · +$82.5K−$GOOG −1.49K sh · −$2.1M
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Pharmaceuticals11.8%—
- Consumer Staples Merchandise Retail7.3%—
- Technology Hardware, Storage & Peripherals4.0%—
- Integrated Oil & Gas3.5%—
- Interactive Media & Services3.4%—
- Systems Software3.3%—
- Diversified Banks3.1%—
- Asset Management & Custody Banks3.0%—
- Other holdings60.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $JNJ | Johnson & Johnson | 116K | $28.4M | -729 | 5.2% |
| $LLY | Eli Lilly and Company | 26.8K | $24.6M | -602 | 4.5% |
| $AAPL | Apple Inc | 87K | $22.1M | -164 | 4.0% |
| $COST | Costco Wholesale Corporation | 20.7K | $20.7M | -81 | 3.8% |
| $XOM | ExxonMobil Holdings Corporation | 115K | $19.6M | -280 | 3.6% |
| $WMT | Walmart Inc | 155K | $19.3M | -1.27K | 3.5% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 64.2K | $18.5M | -1.49K | 3.4% |
| $MSFT | Microsoft Corporation | 49.6K | $18.3M | -28 | 3.3% |
| $JPM | JP Morgan Chase & Co | 58.8K | $17.3M | -385 | 3.1% |
| $BNY | The Bank of New York Mellon Corporation | 137K | $16.2M | -2.28K | 3.0% |
…and 56 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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