EDGEPOINT CANADIAN PORTFOLIO (Trades, Portfolio), known for its strategic investments in Canadian markets, recently disclosed its N-PORT filing for the second quarter of 2024. The portfolio is managed with a focus on long-term capital appreciation, targeting companies that boast strong competitive positions, sustainable barriers to entry, promising growth prospects, and effective management. The investment team leverages a wealth of diverse experience and a collaborative approach to deeply understand and invest in robust businesses.
During this quarter, EDGEPOINT CANADIAN PORTFOLIO (Trades, Portfolio) expanded its holdings by adding nine new stocks. Noteworthy among these are:
Altus Group Ltd (TSX:AIF), acquiring 689,920 shares, making up 1.04% of the portfolio, valued at C$34.85 million.
Koninklijke Philips NV (NYSE:PHG), with 973,943 shares, representing about 1% of the portfolio, totaling $33.66 million.
Lincoln Electric Holdings Inc (NASDAQ:LECO), adding 94,278 shares, accounting for 0.73% of the portfolio, valued at $24.33 million.
The portfolio also saw substantial increases in several of its existing stakes:
Dye & Durham Ltd (TSX:DND) saw an addition of 4,168,064 shares, bringing the total to 6,644,575 shares. This represents a 168.3% increase in share count and a 1.53% impact on the portfolio, valued at C$81.86 million.
CAE Inc (TSX:CAE) increased by 1,677,286 shares, totaling 2,765,496 shares, marking a 154.13% rise in share count, valued at C$70.27 million.
The portfolio strategically exited five positions this quarter, including:
Secure Energy Services Inc (TSX:SES), where all 5,351,990 shares were sold, impacting the portfolio by -1.71%.
TransAlta Corp (TSX:TA), with all 3,290,246 shares liquidated, causing a -1.23% impact on the portfolio.
Adjustments were also made by reducing stakes in 14 stocks, with significant reductions in:
CES Energy Solutions Corp (TSX:CEU), reduced by 7,763,062 shares, a -29.25% decrease, impacting the portfolio by -0.91%. The stock traded at an average price of C$5.27 during the quarter, returning 19.45% over the past three months and 136.97% year-to-date.
Element Fleet Management Corp (TSX:EFN), reduced by 774,457 shares, a -14.28% decrease, impacting the portfolio by -0.57%. The stock traded at an average price of C$22.81 during the quarter, returning 17.50% over the past three months and 29.48% year-to-date.
As of the second quarter of 2024, EDGEPOINT CANADIAN PORTFOLIO (Trades, Portfolio)’s portfolio comprised 64 stocks. The top holdings included 10.04% in Fairfax Financial Holdings Ltd (TSX:FFH), 6.53% in Osisko Gold Royalties Ltd (TSX:OR), 5.32% in Constellation Software Inc (TSX:CSU), 5.06% in Restaurant Brands International Inc (TSX:QSR), and 4.32% in CES Energy Solutions Corp (TSX:CEU). The investments span across 10 of the 11 industries, showing a diversified yet focused investment approach.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.