Managers / Q3 2024 · view latest →
Cardinal Capital Management
CIK 0001434845 · 2626 GLENWOOD AVENUE, SUITE 380, RALEIGH, NC, 27608 · 919-532-7500
Reported Value
$643M
Q3 2024
Positions
130
Filings on Record
34
2019–present window
Filed
Oct 16, 2024
original filing
Summary
Cardinal Capital Management reported $643M in U.S.-listed holdings across 130 positions for Q3 2024.
Its largest position, LLY, represents 4.0% of the portfolio.
Compared with Q2 2024, the fund opened 2 new positions and exited 6.
Portfolio Metrics
Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+26.1%
share of reported value
Largest Position
+4.0%
Eli Lilly
New / Exited
2 / 6
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 91.0% · $585M
- ADR · 5.7% · $37M
- Other · 3.1% · $20M
- ETP · 0.2% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BMYBRISTOL-MYERS SQUIBB CO | NEW | +94.7K | 94.7K | +$5M | $5M |
| BABOEING CO | NEW | +3.0K | 3.0K | +$461,290 | $461,290 |
| USLMUNITED STS LIME & MINERALS I | ADDED | +47.4K | 58.7K | +$2M | $6M |
| JXC1ZIFF DAVIS INC | SOLD OUT | −30.1K | 0 | −$2M | $0 |
| IARTINTEGRA LIFESCIENCES HLDGS C | SOLD OUT | −34.0K | 0 | −$991,751 | $0 |
| FTREFORTREA HLDGS INC | SOLD OUT | −31.5K | 0 | −$736,331 | $0 |
| SOLVSOLVENTUM CORP | SOLD OUT | −11.8K | 0 | −$622,980 | $0 |
| AVDXAVIDXCHANGE HOLDINGS INC | SOLD OUT | −14.4K | 0 | −$174,159 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
50 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LLYELI LILLY & COhistory → | Common Stock | 3.96% | $25M | 28.7K |
| 2 | MSFTMICROSOFT CORPhistory → | Common Stock | 3.50% | $23M | 52.3K |
| 3 | AAPLAPPLE INChistory → | Common Stock | 3.03% | $19M | 83.5K |
| 4 | COSTCOSTCO WHSL CORP NEWhistory → | Common Stock | 3.01% | $19M | 21.8K |
| 5 | JNJJOHNSON & JOHNSONhistory → | Common Stock | 2.81% | $18M | 111.3K |
| 6 | WMTWALMART INChistory → | Common Stock | 2.05% | $13M | 163.1K |
| 7 | EXMOCEXXON MOBIL CORPhistory → | Common Stock | 2.04% | $13M | 111.7K |
| 8 | LOWLOWES COS INChistory → | Common Stock | 1.96% | $13M | 46.4K |
| 9 | JPMJPMORGAN CHASE & CO.history → | Common Stock | 1.89% | $12M | 57.5K |
| 10 | ADPAUTOMATIC DATA PROCESSING INhistory → | Common Stock | 1.86% | $12M | 42.9K |
| 11 | DEDEERE & COhistory → | Common Stock | 1.79% | $12M | 27.5K |
| 12 | GOOGLALPHABET INChistory → | Common Stock | 1.73% | $11M | 66.9K |
| 13 | ITWILLINOIS TOOL WKS INChistory → | Common Stock | 1.69% | $11M | 41.1K |
| 14 | QCOMQUALCOMM INChistory → | Common Stock | 1.67% | $11M | 63.3K |
| 15 | ECLECOLAB INChistory → | Common Stock | 1.64% | $11M | 41.3K |
| 16 | BNYBANK NEW YORK MELLON CORPhistory → | Common Stock | 1.60% | $10M | 142.8K |
| 17 | AG8AGILENT TECHNOLOGIES INChistory → | Common Stock | 1.58% | $10M | 68.6K |
| 18 | IBMINTERNATIONAL BUSINESS MACHShistory → | Common Stock | 1.51% | $10M | 44.0K |
| 19 | EMREMERSON ELEC COhistory → | Common Stock | 1.46% | $9M | 85.6K |
| 20 | PGPROCTER AND GAMBLE COhistory → | Common Stock | 1.45% | $9M | 53.7K |
| 21 | MRKMERCK & CO INChistory → | Common Stock | 1.37% | $9M | 77.3K |
| 22 | GISGENERAL MLS INChistory → | Common Stock | 1.34% | $9M | 116.9K |
| 23 | COPCONOCOPHILLIPShistory → | Common Stock | 1.32% | $8M | 80.6K |
| 24 | TFCTRUIST FINL CORPhistory → | Common Stock | 1.30% | $8M | 195.3K |
| 25 | REGNREGENERON PHARMACEUTICALShistory → | Common Stock | 1.28% | $8M | 7.8K |
| 26 | CSCOCISCO SYS INChistory → | Common Stock | 1.27% | $8M | 153.1K |
| 27 | SBUXSTARBUCKS CORPhistory → | Common Stock | 1.25% | $8M | 82.1K |
| 28 | LHLABCORP HOLDINGS INChistory → | Common Stock | 1.19% | $8M | 34.3K |
| 29 | MCXMCCORMICK & CO INChistory → | Common Stock | 1.18% | $8M | 91.9K |
| 30 | IDXXIDEXX LABS INChistory → | Common Stock | 1.09% | $7M | 13.9K |
| 31 | MMM3M COhistory → | Common Stock | 1.06% | $7M | 49.7K |
| 32 | CMICUMMINS INChistory → | Common Stock | 1.05% | $7M | 20.9K |
| 33 | TROWPRICE T ROWE GROUP INChistory → | Common Stock | 1.03% | $7M | 61.0K |
| 34 | BDXBECTON DICKINSON & COhistory → | Common Stock | 1.02% | $7M | 27.1K |
| 35 | MEDTRONIC PLC | Common Stock | 1.01% | $6M | 71.5K |
| 36 | SAPSAP SE | ADR | 0.99% | $6M | 27.7K |
| 37 | KEYSKEYSIGHT TECHNOLOGIES INC | Common Stock | 0.96% | $6M | 38.9K |
| 38 | KOCOCA COLA CO | Common Stock | 0.92% | $6M | 81.8K |
| 39 | NVONOVO-NORDISK A S | ADR | 0.89% | $6M | 48.3K |
| 40 | USLMUNITED STS LIME & MINERALS I | Common Stock | 0.89% | $6M | 58.7K |
| 41 | NFGNATIONAL FUEL GAS CO | Common Stock | 0.88% | $6M | 92.6K |
| 42 | HASHASBRO INC | Common Stock | 0.88% | $6M | 78.3K |
| 43 | NVSNNOVARTIS AG | ADR | 0.85% | $5M | 47.3K |
| 44 | PEPPEPSICO INC | Common Stock | 0.83% | $5M | 31.5K |
| 45 | BMYBRISTOL-MYERS SQUIBB CO | Common Stock | 0.76% | $5M | 94.7K |
| 46 | RYROYAL BK CDA | Common Stock | 0.74% | $5M | 38.4K |
| 47 | BMIBADGER METER INC | Common Stock | 0.74% | $5M | 21.9K |
| 48 | STTSTATE STR CORP | Common Stock | 0.74% | $5M | 53.7K |
| 49 | DLTRDOLLAR TREE INC | Common Stock | 0.71% | $5M | 65.1K |
| 50 | FDXFEDEX CORP | Common Stock | 0.70% | $5M | 16.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $776M | 136 | Apr 8, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $755M | 133 | Jan 30, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $723M | 131 | Oct 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $681M | 128 | Jul 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $646M | 132 | Apr 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $638M | 131 | Jan 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $643M | 130 | Oct 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $594M | 134 | Jul 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $615M | 139 | Apr 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $528M | 135 | Jan 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $491M | 138 | Oct 16, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $497M | 137 | Jul 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $482M | 138 | Apr 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $470M | 138 | Jan 23, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $423M | 141 | Oct 24, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $437M | 140 | Aug 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $494M | 143 | Apr 21, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $505M | 141 | Jan 18, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $462M | 142 | Oct 21, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $474M | 141 | Jul 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $454M | 140 | Apr 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $422M | 140 | Feb 1, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $363M | 135 | Oct 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $348M | 131 | Jul 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $303M | 132 | Apr 20, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $385M | 131 | Jan 21, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $362M | 129 | Oct 18, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $352M | 128 | Jul 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $350M | 128 | Apr 11, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $303M | 120 | Jan 15, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.