Canal Insurance CO

Fundamental diversified ★Signal CIK 1313473
League rank
#863
in Fundamental diversified · #7065 overall
Long book
$465.4M
Q1 2026
Positions
76
Top-10 weight
43%
concentration
Last quarter
+4.7%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

Canal Insurance CO is a diversified fundamental manager, running a $465.4M US long book across 76 positions.

The portfolio is moderately concentrated (top 10 ≈ 43% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: CHEVRON CORP, LOCKHEED MARTIN CORP, MICROSOFT CORP, NORTHROP GRUMMAN CORP, ABBVIE INC.

Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-1.8%
Q2 2024
+9.4%
Q3 2024
-5.3%
Q4 2024
+4.7%
Q1 2025
+8.9%
Q2 2025
+11.0%
Q3 2025
-0.7%
Q4 2025
+9.7%
Q1 2026
+4.7%

Sector allocation

Industrials
22%
Healthcare
21%
Technology
20%
Energy
15%
Utilities
11%
Communications
4%
Materials
3%
Consumer discretionary
2%

Long book by quarter

$388.2M
Q1 2024
$378.1M
Q2 2024
$425.5M
Q3 2024
$384.0M
Q4 2024
$423.1M
Q1 2025
$446.7M
Q2 2025
$469.6M
Q3 2025
$412.6M
Q4 2025
$465.4M
Q1 2026

What does Canal Insurance own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CVX CHEVRON CORPEnergy119.2K$24.7M5.3%Held
LMT LOCKHEED MARTIN CORPIndustrials36.6K$22.1M4.8%Held
MSFT MICROSOFT CORPTechnology57.5K$21.3M4.6%+9.5%
NOC NORTHROP GRUMMAN CORPTechnology30.1K$20.5M4.4%-24.9%
ABBV ABBVIE INCHealthcare92.5K$20.1M4.3%Held
DUK DUKE ENERGY CORPUtilities150.2K$19.7M4.2%Held
XOM EXXON MOBIL CORPEnergy115.0K$19.5M4.2%Held
JNJ JOHNSON & JOHNSONHealthcare75.0K$18.3M3.9%Held
RTX RTX CORPIndustrials93.7K$18.1M3.9%Held
PFE PFIZER INCHealthcare560.0K$15.7M3.4%Held
IBM INTL BUSINESS MACHINES CORPTechnology63.0K$15.3M3.3%Held
AVAV AEROVIRONMENT INCIndustrials70.0K$12.8M2.8%+16.7%
DELL DELL TECHNOLOGIES -CTechnology71.1K$11.7M2.5%+1.6%
BMY BRISTOL-MYERS SQUIBB COHealthcare170.0K$10.3M2.2%Held
ABT ABBOTT LABORATORIESHealthcare90.0K$9.2M2.0%+125.0%
FCX FREEPORT-MCMORAN INCMaterials150.0K$8.8M1.9%-25.0%
AIR AAR CORPIndustrials80.0K$8.8M1.9%Held
VZ VERIZON COMMUNICATIONS INCCommunications168.0K$8.4M1.8%+42.4%
LHX L3HARRIS TECHNOLOGIES INCTechnology24.0K$8.3M1.8%Held
KTOS KRATOS DEFENSE & SECURITYIndustrials110.0K$7.8M1.7%Held
PSX PHILLIPS 66Energy42.5K$7.7M1.7%Held
COP CONOCOPHILLIPSEnergy55.0K$7.3M1.6%Held
CVS CVS HEALTH CORPHealthcare100.0K$7.2M1.5%Held
GD GENERAL DYNAMICS CORPIndustrials20.0K$6.9M1.5%Held
WMT WALMART INCConsumer discretionary55.0K$6.8M1.5%Held
D DOMINION ENERGY INCUtilities110.0K$6.8M1.5%Held
KMI KINDER MORGAN INCUtilities200.0K$6.7M1.4%Held
T AT&T INCCommunications220.0K$6.4M1.4%Held
EPD ENTERPRISE PRODUCTS PARTNERSUtilities150.0K$5.7M1.2%Held
FLR FLUOR CORPIndustrials110.0K$5.1M1.1%Held
FLNC FLUENCE ENERGY INCTechnology330.0K$4.5M1.0%Held
AXON AXON ENTERPRISE INCIndustrials10.0K$4.2M0.9%New
ENB ENBRIDGE INCEnergy76.7K$4.2M0.9%Held
MKL MARKEL GROUP INCFinancials2.0K$3.8M0.8%Held
BIIB BIOGEN INCHealthcare20.0K$3.7M0.8%New
WMB WILLIAMS COS INCUtilities50.0K$3.6M0.8%Held
CP CANADIAN PACIFIC KANSAS CITYIndustrials40.3K$3.2M0.7%Held
AMZN AMAZON.COM INCConsumer discretionary15.0K$3.1M0.7%Held
NTLA INTELLIA THERAPEUTICS INCMaterials230.0K$2.9M0.6%+130.0%
RDW REDWIRE CORPIndustrials300.0K$2.5M0.5%Held
SMR NUSCALE POWER CORPIndustrials232.9K$2.5M0.5%Held
VLO VALERO ENERGY CORPEnergy10.0K$2.5M0.5%-50.0%
TMO THERMO FISHER SCIENTIFIC INCOther5.0K$2.5M0.5%Held
KHC KRAFT HEINZ CO/THEConsumer staples100.0K$2.2M0.5%Held
SO SOUTHERN CO/THEUtilities20.0K$1.9M0.4%Held
DIS WALT DISNEY CO/THEServices media20.0K$1.9M0.4%New
TEM TEMPUS AI INC-CL ATechnology40.0K$1.8M0.4%+100.0%
ENS ENERSYSTechnology10.0K$1.7M0.4%Held
CRSP CRISPR THERAPEUTICS AGHealthcare35.1K$1.7M0.4%New
J JACOBS SOLUTIONS INCIndustrials10.0K$1.3M0.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 4, 202676$465.4M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 3, 202661$412.6M $K fixed canonicalSEC ↗
Q3 202513F-HROct 27, 202568$469.6M $K fixed canonicalSEC ↗
Q2 202513F-HRJul 30, 202571$446.8M $K fixed canonicalSEC ↗
Q1 202513F-HRApr 24, 202589$424.5M $K fixed canonicalSEC ↗
Q4 202413F-HRJan 22, 202585$385.4M $K fixed canonicalSEC ↗
Q3 202413F-HROct 30, 2024104$429.6M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 1, 202492$379.3M $K fixed canonicalSEC ↗
Q1 202413F-HRApr 25, 202495$390.5M $K fixed canonicalSEC ↗