Managers / Q2 2023 · view latest →
Canal Capital Management, LLC
CIK 0001666733 · 9 SOUTH 5TH STREET, RICHMOND, VA, 23219 · 804-325-1450
Reported Value
$494M
Q2 2023
Positions
150
Filings on Record
32
2019–present window
Filed
Jul 26, 2023
original filing
Summary
Canal Capital Management, LLC reported $494M in U.S.-listed holdings across 150 positions for Q2 2023.
The portfolio is heavily concentrated: ODFL alone accounts for 21.9% of reported value.
Compared with Q1 2023, the fund opened 9 new positions and exited 6.
Portfolio Metrics
Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+47.7%
share of reported value
Largest Position
+21.9%
Old Dominion Freight Line In
New / Exited
9 / 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 · 70.8% · $350M
- ETP · 25.6% · $126M
- Other · 3.0% · $15M
- ADR · 0.4% · $2M
- REIT · 0.2% · $995,521
- Other · 0.1% · $418,900
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GDGENERAL DYNAMICS CORP | NEW | +16.1K | 16.1K | +$3M | $3M |
| INVESCO ACTVELY MNGD ETC FD | NEW | +87.5K | 87.5K | +$1M | $1M |
| UNPUNION PAC CORP | NEW | +1.3K | 1.3K | +$258,502 | $258,502 |
| NUSHARES ETF TR | NEW | +11.3K | 11.3K | +$249,530 | $249,530 |
| AMTAMERICAN TOWER CORP NEW | NEW | +1.3K | 1.3K | +$245,611 | $245,611 |
| NOCNORTHROP GRUMMAN CORP | NEW | +506 | 506 | +$230,499 | $230,499 |
| VUGVANGUARD INDEX FDS | NEW | +740 | 740 | +$209,390 | $209,390 |
| PPGPPG INDS INC | NEW | +1.4K | 1.4K | +$207,247 | $207,247 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
43 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ODFLOLD DOMINION FREIGHT LINE INhistory → | COM | 21.91% | $108M | 293.0K |
| 2 | ISHARES TR | ISHS 1-5YR INVS · CORE S&P500 ETF · S&P 100 ETF · CORE S&P MCP ETF · CORE S&P SCP ETF · RUS 1000 GRW ETF · CORE US AGGBD ET | 11.18% | $55M | 519.2K |
| 3 | AAPLAPPLE INChistory → | COM | 4.78% | $24M | 121.7K |
| 4 | SSGA ACTIVE ETF TR | SPDR TR TACTIC · BLACKSTONE SENR | 3.81% | $19M | 461.4K |
| 5 | MOALTRIA GROUP INChistory → | COM | 3.11% | $15M | 339.0K |
| 6 | MSFTMICROSOFT CORPhistory → | COM | 2.98% | $15M | 43.3K |
| 7 | VGSHVANGUARD SCOTTSDALE FDShistory → | SHORT TERM TREAS | 2.83% | $14M | 242.2K |
| 8 | BXBLACKSTONE INChistory → | COM | 1.85% | $9M | 98.1K |
| 9 | 4I1PHILIP MORRIS INTL INChistory → | COM | 1.82% | $9M | 92.2K |
| 10 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 1.50% | $7M | 21.8K |
| 11 | JNJJOHNSON & JOHNSONhistory → | COM | 1.31% | $6M | 39.1K |
| 12 | VANGUARD INDEX FDS | S&P 500 ETF SHS | 1.26% | $6M | 15.3K |
| 13 | JPMJPMORGAN CHASE & COhistory → | COM | 1.25% | $6M | 42.6K |
| 14 | CSCOCISCO SYS INChistory → | COM | 1.24% | $6M | 118.9K |
| 15 | LMTLOCKHEED MARTIN CORPhistory → | COM | 1.21% | $6M | 13.0K |
| 16 | GOOGLALPHABET INChistory → | CAP STK CL A | 1.20% | $6M | 49.6K |
| 17 | AVGOBROADCOM INChistory → | COM | 1.18% | $6M | 6.7K |
| 18 | WMTWALMART INChistory → | COM | 1.17% | $6M | 36.7K |
| 19 | PANWPALO ALTO NETWORKS INChistory → | COM | 1.13% | $6M | 21.9K |
| 20 | UPSUNITED PARCEL SERVICE INChistory → | CL B | 1.09% | $5M | 30.0K |
| 21 | UNHUNITEDHEALTH GROUP INChistory → | COM | 1.08% | $5M | 11.1K |
| 22 | FERGUSON PLC NEW | SHS | 1.06% | $5M | 33.5K |
| 23 | DUKDUKE ENERGY CORP NEWhistory → | COM NEW | 1.06% | $5M | 58.6K |
| 24 | DVNDEVON ENERGY CORP NEWhistory → | COM | 1.00% | $5M | 102.6K |
| 25 | BMYBRISTOL-MYERS SQUIBB CO | COM | 1.00% | $5M | 77.2K |
| 26 | BUNGE LIMITED | COM | 0.99% | $5M | 51.8K |
| 27 | AMZNAMAZON COM INC | COM | 0.96% | $5M | 36.5K |
| 28 | HDHOME DEPOT INC | COM | 0.93% | $5M | 14.9K |
| 29 | NVDANVIDIA CORPORATION | COM | 0.86% | $4M | 10.0K |
| 30 | EXMOCEXXON MOBIL CORP | COM | 0.83% | $4M | 38.4K |
| 31 | VVISA INC | COM CL A | 0.79% | $4M | 16.5K |
| 32 | DOWDOW INC | COM | 0.73% | $4M | 67.7K |
| 33 | GDGENERAL DYNAMICS CORP | COM | 0.70% | $3M | 16.1K |
| 34 | SPDR SER TR | BLOOMBERG HIGH Y | 0.69% | $3M | 37.0K |
| 35 | WRKUSDWESTROCK CO | COM | 0.69% | $3M | 116.9K |
| 36 | INTUINTUIT | COM | 0.68% | $3M | 7.4K |
| 37 | ABBVABBVIE INC | COM | 0.65% | $3M | 23.9K |
| 38 | ADBEADOBE SYSTEMS INCORPORATED | COM | 0.64% | $3M | 6.4K |
| 39 | ASML HOLDING N V | N Y REGISTRY SHS | 0.59% | $3M | 4.0K |
| 40 | ORLYOREILLY AUTOMOTIVE INC | COM | 0.53% | $3M | 2.8K |
| 41 | BAMBROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 0.52% | $3M | 79.2K |
| 42 | ISRGINTUITIVE SURGICAL INC | COM NEW | 0.51% | $3M | 7.4K |
| 43 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.51% | $3M | 6.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $739M | 207 | Apr 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $705M | 188 | Jan 6, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $634M | 188 | Sep 19, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $618M | 171 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $626M | 155 | Oct 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $586M | 147 | Jul 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $595M | 143 | Apr 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $540M | 155 | Jan 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $490M | 149 | Oct 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $494M | 150 | Jul 26, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $454M | 146 | May 4, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $412M | 153 | Feb 13, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2022 | $343M | 131 | Oct 24, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $335M | 137 | Jul 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $371M | 144 | Apr 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $414M | 143 | Jan 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $351M | 128 | Oct 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $346M | 135 | Jul 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $293M | 129 | Apr 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $265M | 124 | Jan 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $228M | 115 | Oct 21, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $205M | 107 | Jul 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $178M | 98 | Apr 21, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $198M | 115 | Jan 21, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $167M | 115 | Oct 30, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2019 | $165M | 111 | Jul 31, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $158M | 102 | May 3, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $148M | 111 | Feb 5, 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 ↗.