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Cardinal Capital Management, Inc.
Evan J. Mancer · Asset Manager · Value
Cardinal Capital Management, Inc. is an independent investment firm founded in 1992 and headquartered in Winnipeg, Canada. The firm provides discretionary asset management services to a diverse range of clients, including high-net-worth individuals, institutional investors, and charitable organizations throughout North America. Cardinal specializes in managing dividend-paying equity and fixed-income portfolios, focusing on long-term wealth creation through disciplined fundamental research. The company remains 100% employee-owned, fostering a culture where advisors invest alongside their clients. Cardinal is recognized for its 'Cardinal Rules' of investing, which prioritize owning high-quality companies with sustainable growth and stable earnings. With over $5 billion in assets under management, the firm utilizes a proprietary multifactor model and internal research to identify statistically undervalued opportunities and manage risk effectively across full market cycles.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +13.3% |
| YTD return | +10.4% |
| Sharpe ratio | 3.58 |
| Win rate | 46% |
| AUM | $0.8B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.8B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.cardinal.ca/ |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| ABBV | AbbVie Inc | 8.4% | +8.7% |
| CMI | Cummins Inc | 6.4% | +17.8% |
| URI | United Rentals Inc | 6.1% | +5.3% |
| SIEGY | Siemens AG ADR | 5.9% | +7.8% |
| AMAT | Applied Materials Inc | 5.7% | +45.8% |
| V | Visa Inc. Class A | 5.4% | +4.6% |
| TSM | Taiwan Semiconductor Manufacturing | 5.4% | +21.7% |
| BKNG | Booking Holdings Inc | 5.1% | -4.3% |
| APD | Air Products and Chemicals Inc | 5.1% | +11.0% |
| MSFT | Microsoft Corporation | 4.9% | +30.9% |
| WFC | Wells Fargo & Company | 4.8% | +11.7% |
| HD | The Home Depot Inc | 4.7% | -13.7% |
| NEE | Nextera Energy Inc | 4.3% | +3.9% |
| NXPI | NXP Semiconductors NV | 4.2% | -1.4% |
| ETR | Entergy Corporation | 4.1% | -7.3% |
| BDX | Becton Dickinson and Company | 4.0% | +16.4% |
| CARR | Carrier Global Corp | 4.0% | -1.6% |
| AVGO | Broadcom Inc | 3.9% | +1.4% |
| TEL | TE Connectivity Ltd | 3.8% | +2.4% |
| MRK | Merck & Company Inc | 3.7% | +1.5% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | BDX | 3.6% → 4.0% |
| Aug 31, 2026 | SELL | MDT | 3.3% → 0.0% |
| Aug 31, 2026 | SELL | NXPI | 4.4% → 4.2% |
| Aug 31, 2026 | BUY | V | 5.0% → 5.4% |
| Aug 31, 2026 | BUY | WFC | 4.7% → 4.8% |
Investment Style Analysis
Cardinal Capital Management, Inc. is widely recognized for employing a Value strategy. As of Sep 4, 2026, the firm oversees approximately $0.8B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Specialty Industrial Machinery sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Cardinal Capital Management, Inc. made a significant move by increasing exposure to BDX. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Cardinal Capital Management's investment philosophy centers on a value-oriented, buy-and-hold strategy that prioritizes quality and dividend growth. The firm believes that consistent, long-term returns are best achieved by owning strong businesses with global franchises, robust balance sheets, and a history of increasing dividends. Rather than attempting to time the market or follow short-term trends, Cardinal employs a bottom-up fundamental approach and a multifactor model to identify companies that are statistically undervalued. By remaining fully invested in high-quality assets and focusing on the compounding power of dividends, the firm seeks to deliver above-average performance with lower volatility, providing clients with inflation-protected income and capital appreciation over a full market cycle.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Cardinal Capital Management, Inc..
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Frequently asked questions
How is the simulated portfolio for Cardinal Capital Management, Inc. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Cardinal Capital Management, Inc.'s largest holding?
As of the latest filing, Cardinal Capital Management, Inc.'s top position is AbbVie Inc (ABBV), representing 8.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is Cardinal Capital Management, Inc.'s historical performance and risk profile?
Our simulation indicates a total return of +13.3% with a win rate of 46%. Notably, the portfolio maintains a Sharpe Ratio of 3.58, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Cardinal Capital Management, Inc. primarily invest in?
Cardinal Capital Management, Inc. has a strong preference for the Semiconductors sector, which makes up 13.5% of their disclosed assets. The portfolio also has exposure to Specialty Industrial Machinery, indicating a specific thematic focus.
Is Cardinal Capital Management, Inc.'s portfolio concentrated or diversified?
Cardinal Capital Management, Inc. runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 21.0% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Cardinal Capital Management, Inc. performed in 2026?
Our AI-simulated model portfolio for Cardinal Capital Management, Inc. tracks a Year-to-Date (YTD) return of +10.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Evan J. Mancer manage Cardinal Capital Management, Inc. directly?
Yes, Evan J. Mancer serves as the key portfolio manager for Cardinal Capital Management, Inc., overseeing the investment strategy and final capital allocation decisions.