Cardinal Capital Management 13F: Cuts CDNAF Stake by $47M

Cardinal Capital Management recently disclosed a reduction in its stake in Canadian Tire Corporation, Limited (OTC Markets: CDNAF). In its filing on October 16, 2026, the firm cut its holdings by 343,454 shares, leaving it with 666,026 shares valued at approximately $90.5 million.

What Changed in Cardinal Capital Management's Canadian Tire Position

Cardinal Capital Management reduced its position in Canadian Tire by about 34.0%, down from 1,009,480 shares to 666,026 shares. This decrease reflects the firm's shifting investment strategy as it adjusts its holdings.

Other Institutional Activity in Canadian Tire

Cardinal Capital Management, Inc. remains a key player, holding 1,009,480 shares valued at around $142.7 million, after adding 5,921 shares in its last reporting period on June 30, 2026. LSV Asset Management also maintains a very small position with 1,300 shares valued at roughly $183,768.

Canadian Tire Corporation, Limited Stock Up 1.4%

As of October 16, 2026, Canadian Tire’s shares trade at approximately $137.61. This price is about equal to its 50-day moving average but sits 17% below the 52-week high of $165.78. The stock is currently above its 52-week low of $102.83, reflecting a stability in the price despite the recent cuts in holdings by Cardinal Capital.

Recent Earnings

Canadian Tire reported trailing twelve-month revenue of approximately $16.53 billion with net income reflecting a 4.1% margin. The company has shown a revenue growth of 2.4% year-over-year and has a return on equity of 11.2%. The next earnings report is set for a future date that has not yet been disclosed.

Dividend

The company offers a dividend rate of $5.07 per share, yielding about 3.58%. The payout ratio stands at 56.2%, indicating a balanced approach to returning value to shareholders while retaining capital for growth.

Insider Buying and Selling at Canadian Tire Corporation, Limited

There were no reported insider transactions during this period. This absence of trading could suggest stability among executives regarding their holdings.

About Canadian Tire Corporation

Canadian Tire Corporation, Limited is a leading retailer in Canada, offering a wide range of goods and services through its various divisions, including retail, real estate investment, and financial services. The company's strong presence in the consumer cyclical sector positions it well for continued growth.

Bottom Line

Investors should watch for further updates on Canadian Tire’s performance and any new filings from Cardinal Capital Management. The company's next earnings report will provide additional insight into its financial health. Keep in mind that this filing reflects holdings as of the reporting period and may not represent the current positions of Cardinal Capital Management.