Arkolith/Funds/Cardinal Capital Management

Cardinal Capital Management

CIK 1434845
Holdings as of Jun 30, 2026·disclosed Jul 21, 2026·~21-day 13F lag·13F-HR
Active Filer

Cardinal Capital Management holds a diversified book of 138 reported positions worth $826.3M as of Q2 2026 (disclosed Jul 21, 2026, a ~21-day 13F lag). This quarter Fedex Freight Holding Co first appears in 13F filings, a listing rather than a purchase; they opened Cal-Maine Foods Inc and trimmed Eli Lilly & Co. Their largest long position is Eli Lilly & Co at 4% of the reported non-option book. Cloning the disclosed picks since 2024 would be +31% (+15.1%/yr). That is a simulation of the disclosed long book, not audited returns.

Opened
6
bought for the first time
+3 more · largest first
1 newly reportable · first quarter we see the security in 13F filings, a listing not a purchase
Trimmed
57
sold some, still holds it
+54 more · largest first
Sold out
5
exited the position entirely
+2 more · largest first, by prior value

Growth of $10,000: cloning the disclosed book

If you'd copied them
+30.6%
+15.1%/yr · since Oct '24
Their reported book
+27.7%
held from quarter-end
S&P 500
+33.9%
same window
$9K$10K$11K$12K$14KOct '24Mar '25Jul '25Dec '25Apr '26Sep '26
Cardinal Capital Management (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 2.9 points over this window.

Growth of $10,000 cloning Cardinal Capital Management's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~21 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: diversified book

Top 5 holdings
16%
Top 10 holdings
27%
Top 20 holdings
43%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

99% mapped to company sectors

Health Care
22%
Information Technology
21%
Financials
15%
Industrials
15%
Consumer Discretionary
11%
Materials
5%
Energy
5%
Consumer Staples
3%

+4 sectors below the cut, 4% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited
Newly reportable· first quarter we see the security in 13F filings · position value, not a trade

Funds with the most overlap

Other tracked managers holding the same core names as Cardinal Capital Management

Manager / fundShared namesTheir $ in those
Emerald Advisors, LLC21 / 80$623.8M
Independent Investors Inc19 / 80$396.3M
Bourne Lent Asset Management Inc19 / 80$180.5M
Private Capital Advisors, Inc.10 / 80$701.4M
Harold Davidson & Associates Inc.15 / 80$133.2M
Broadwater Capital Management LLC32 / 80$77.7M
Sentry LLC31 / 80$191.8M
Coerente Capital Management18 / 80$288.7M

Ranked by the share of each fund's own book sitting in the names it shares with Cardinal Capital Management: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

138 positions
#SecurityValueShares% PortLast moveHistory
1Eli Lilly & Co
COM
$31.8M26.5K
3.8%
−1.1%
Reduced · −287 sh
2Johnson & Johnson
COM
$29.2M114.8K
3.5%
−1.3%
Reduced · −2K sh
3Apple Inc
COM
$25.0M86.4K
3.0%
−0.7%
Reduced · −580 sh
4Alphabet Inc
CAP STK CL A
$22.7M63.6K
2.7%
−1.0%
Reduced · −665 sh
5Bank Of NY Mellon Corp
COM
$19.6M135.4K
2.4%
−1.1%
Reduced · −1K sh
6Costco Wholesale Corporation
COM
$19.3M20.6K
2.3%
−0.6%
Reduced · −131 sh
7JPMorgan Chase & Co
COM
$19.1M58.4K
2.3%
−0.6%
Reduced · −366 sh
8Microsoft Corp
COM
$18.7M50.1K
2.3%
+1.1%
Added · +564 sh
9Cisco Sys Inc
COM
$18.3M156.1K
2.2%
−1.0%
Reduced · −2K sh
10Deere & Co
COM
$17.5M27.6K
2.1%
−1.0%
Reduced · −286 sh
11Walmart Inc
COM
$17.4M153.9K
2.1%
−0.7%
Reduced · −1K sh
12Exxon Mobil Corp
COM
$15.7M115.0K
1.9%
−0.3%
Reduced · −377 sh
13Cummins Inc
COM
$14.9M20.9K
1.8%
−0.8%
Reduced · −164 sh
14Qualcomm Inc
COM
$12.9M69.6K
1.6%
~0%
Reduced · −18 sh
15Emerson Elec Co
COM
$12.7M88.4K
1.5%
−0.5%
Reduced · −412 sh
16International Business Machs
COM
$12.6M44.7K
1.5%
~0%
Reduced · −4 sh
17Merck & Co Inc
COM
$12.4M96.2K
1.5%
−0.4%
Reduced · −402 sh
18Ecolab Inc
COM
$12.0M43.0K
1.5%
−0.3%
Reduced · −136 sh
19Illinois Tool WKS Inc
COM
$11.8M43.4K
1.4%
−0.4%
Reduced · −180 sh
20Keysight Technologies Inc
COM
$11.6M33.0K
1.4%
−16%
Reduced · −6K sh
21Labcorp Holdings Inc
COM SHS
$10.8M38.5K
1.3%
−0.3%
Reduced · −103 sh
22Lowes Cos Inc
COM
$10.6M48.2K
1.3%
−0.1%
Reduced · −36 sh
23Truist Finl Corp
COM
$10.3M207.7K
1.3%
−0.5%
Reduced · −944 sh
24Automatic Data Processing In
COM
$10.1M44.7K
1.2%
+0.9%
Added · +385 sh
25Agilent Technologies Inc
COM
$10.0M75.2K
1.2%
−0.1%
Reduced · −110 sh
26ConocoPhillips
COM
$9.6M92.0K
1.2%
+0.1%
Added · +121 sh
27Starbucks Corp
COM
$9.5M93.3K
1.2%
−0.2%
Reduced · −222 sh
28State STR Corp
COM
$9.3M54.9K
1.1%
−0.8%
Reduced · −456 sh
29Oil Dri Corp Amer
COM
$8.9M87.4K
1.1%
−0.8%
Reduced · −685 sh
30Argan Inc
COM
$8.8M11.0K
1.1%
−37%
Reduced · −6K sh
313M Co
COM
$8.8M54.3K
1.1%
−0.6%
Reduced · −342 sh
32Procter & Gamble Co
COM
$8.8M59.8K
1.1%
+0.9%
Added · +527 sh
33Price T Rowe Group Inc
COM
$8.3M73.0K
1.0%
+0.1%
Added · +57 sh
34Hasbro Inc
COM
$8.2M99.8K
1.0%
−0.2%
Reduced · −249 sh
35Royal BK Cda
COM
$8.2M39.6K
1.0%
−0.4%
Reduced · −152 sh
36F5 Inc
COM
$8.1M19.4K
1.0%
+0.2%
Added · +40 sh
37National Fuel Gas Co
COM
$7.8M100.7K
0.9%
−0.6%
Reduced · −624 sh
38Novartis AG
SPONSORED ADR
$7.8M49.7K
0.9%
~0%
Reduced · −14 sh
39Curtiss Wright Corp
COM
$7.8M10.2K
0.9%
−0.5%
Reduced · −55 sh
40Idexx Labs Inc
COM
$7.4M14.2K
0.9%
+0.3%
Added · +44 sh
41Coca Cola Co
COM
$6.8M83.6K
0.8%
−0.7%
Reduced · −608 sh
42Medtronic PLC
SHS
$6.7M85.0K
0.8%
+1.6%
Added · +1K sh
43United Therapeutics Corp Del
COM
$6.5M12.0K
0.8%
−1.3%
Reduced · −163 sh
44Synaptics Inc
COM
$6.2M49.7K
0.7%
+0.3%
Added · +161 sh
45Bristol-Myers Squibb Co
COM
$6.1M105.1K
0.7%
+0.5%
Added · +568 sh
46McCormick & Co Inc
COM NON VTG
$5.8M114.4K
0.7%
+7.1%
Added · +8K sh
47Fedex Corp
COM
$5.7M18.3K
0.7%
+0.3%
Added · +61 sh
48Toronto Dominion BK Ont
COM NEW
$5.6M46.3K
0.7%
−0.1%
Reduced · −53 sh
49Bank Nova Scotia B C
COM
$5.4M62.6K
0.7%
+0.7%
Added · +441 sh
50Regeneron Pharmaceuticals
COM
$5.2M8.4K
0.6%
−0.5%
Reduced · −39 sh
Showing 50 of 138 positions
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Filing history

As-of date vs the date the SEC received each filing

$826.3M · Q2 2026Q3 2024 · $642.8MQ2 2026 · $826.3M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Jul 21, 202621d138$826.3M13F-HR
Q1 2026Mar 31, 2026Apr 8, 20268d136$775.6M13F-HR
Q4 2025Dec 31, 2025Jan 30, 202630d133$755.0M13F-HR
Q3 2025Sep 30, 2025Oct 23, 202523d131$723.4M13F-HR
Q2 2025Jun 30, 2025Jul 15, 202515d128$681.4M13F-HR
Q1 2025Mar 31, 2025Apr 18, 202518d132$645.7M13F-HR
Q4 2024Dec 31, 2024Jan 31, 202531d131$637.7M13F-HR
Q3 2024Sep 30, 2024Oct 16, 202416d130$642.8M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.