Canal Capital Management, LLC
Long book
$738.8M
Q1 2026
Positions
207
Top-10 weight
36%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsCanal Capital Management, LLC is an institutional manager, running a $738.8M US long book across 207 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: OLD DOMINION FREIGHT LINE, APPLE INC, INVESCO QQQ TRUST SERIES 1, MICROSOFT CORP, ISHR IBX USD INVGD CB ETF-UI.
Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.9%
Q2 2024
+8.1%
Q3 2024
-1.2%
Q4 2024
-3.1%
Q1 2025
+6.7%
Q2 2025
+5.4%
Q3 2025
+2.1%
Q4 2025
-0.9%
Q1 2026
+10.6%
Sector allocation
Technology 27%
Industrials 22%
Financials 13%
Consumer discretionary 12%
Healthcare 7%
Consumer staples 7%
Energy 3%
Utilities 3%
Long book by quarter
What does Canal Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 374.2K | $73.1M | 9.9% | -0.2% |
| AAPL APPLE INC | Technology | 128.0K | $32.5M | 4.4% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 59.0K | $21.8M | 3.0% | +9.5% |
| AVGO BROADCOM INC | Technology | 54.8K | $17.0M | 2.3% | -0.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 100.0K | $16.5M | 2.2% | +1.5% |
| GOOGL ALPHABET INC-CL A | Technology | 50.5K | $14.5M | 2.0% | +1.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 29.5K | $14.1M | 1.9% | +3.7% |
| NVDA NVIDIA CORP | Technology | 80.0K | $14.0M | 1.9% | -1.0% |
| WMT WALMART INC | Consumer discretionary | 112.1K | $13.9M | 1.9% | -1.4% |
| JPM JPMORGAN CHASE & CO | Financials | 46.5K | $13.7M | 1.9% | +2.4% |
| MO ALTRIA GROUP INC | Consumer staples | 199.0K | $13.1M | 1.8% | +0.7% |
| BX BLACKSTONE INC | Financials | 105.6K | $12.1M | 1.6% | +17.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 47.2K | $11.5M | 1.6% | -5.0% |
| XOM EXXON MOBIL CORP | Energy | 65.7K | $11.1M | 1.5% | -3.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 47.5K | $9.9M | 1.3% | +4.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 7.3K | $9.7M | 1.3% | -1.0% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 37.4K | $8.7M | 1.2% | -0.7% |
| QCOM QUALCOMM INC | Technology | 65.3K | $8.4M | 1.1% | +24.9% |
| T AT&T INC | Communications | 285.5K | $8.3M | 1.1% | +16.5% |
| AMGN AMGEN INC | Healthcare | 23.3K | $8.2M | 1.1% | +1.3% |
| DUK DUKE ENERGY CORP | Utilities | 56.5K | $7.4M | 1.0% | +2688.4% |
| LLY ELI LILLY & CO | Healthcare | 7.9K | $7.3M | 1.0% | +2.9% |
| CRH CRH PLC | Industrials | 67.9K | $7.1M | 1.0% | +3.6% |
| PPG PPG INDUSTRIES INC | Other | 66.7K | $7.1M | 1.0% | New |
| PANW PALO ALTO NETWORKS INC | Technology | 43.8K | $7.0M | 1.0% | +1.6% |
| UNP UNION PACIFIC CORP | Industrials | 28.3K | $6.9M | 0.9% | New |
| V VISA INC-CLASS A SHARES | Services media | 22.6K | $6.8M | 0.9% | +3.6% |
| WSO WATSCO INC | Consumer discretionary | 18.0K | $6.5M | 0.9% | +99.9% |
| HD HOME DEPOT INC | Consumer discretionary | 19.7K | $6.5M | 0.9% | +14.7% |
| INTU INTUIT INC | Technology | 12.7K | $5.5M | 0.7% | +24.6% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 57.9K | $5.3M | 0.7% | +5.2% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 8.5K | $5.0M | 0.7% | +6.3% |
| GWW WW GRAINGER INC | Consumer discretionary | 4.2K | $4.6M | 0.6% | +4.0% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 9.9K | $4.5M | 0.6% | +6.0% |
| KKR KKR & CO INC | Financials | 48.2K | $4.5M | 0.6% | +5.3% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 12.3K | $4.2M | 0.6% | +9.8% |
| BN BROOKFIELD CORP | Real estate | 102.9K | $4.2M | 0.6% | +7.1% |
| META META PLATFORMS INC-CLASS A | Technology | 6.3K | $3.6M | 0.5% | +15.9% |
| ETN EATON CORP PLC | Industrials | 9.6K | $3.4M | 0.5% | +27.3% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 4 | $2.9M | 0.4% | Held |
| GOOG ALPHABET INC-CL C | Technology | 8.3K | $2.4M | 0.3% | -0.3% |
| AUB ATLANTIC UNION BANKSHARES CO | Financials | 54.2K | $1.9M | 0.3% | -0.7% |
| DVN DEVON ENERGY CORP | Energy | 38.4K | $1.9M | 0.3% | -78.4% |
| CVX CHEVRON CORP | Energy | 8.0K | $1.7M | 0.2% | +0.3% |
| KO COCA-COLA CO/THE | Consumer staples | 21.7K | $1.7M | 0.2% | +0.5% |
| ET ENERGY TRANSFER LP | Utilities | 76.2K | $1.5M | 0.2% | New |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 8.0K | $1.5M | 0.2% | +0.1% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 7.0K | $1.4M | 0.2% | +2.9% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 34.4K | $1.3M | 0.2% | +266.3% |
| D DOMINION ENERGY INC | Utilities | 21.0K | $1.3M | 0.2% | -83.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 207 | $738.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 6, 2026 | 188 | $704.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Jan 6, 2026 | 186 | $666.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Sep 19, 2025 | 188 | $634.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Sep 19, 2025 | 162 | $597.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 171 | $617.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 23, 2024 | 155 | $626.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 147 | $585.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 143 | $595.5M | canonical | SEC ↗ |
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