Canal Insurance Co 13F annual report
Canal Insurance Co is an investment fund managing more than $378 million ran by William Iii. There are currently 76 companies in Mr. Iii’s portfolio. The largest investments include Microsoft and Northrop Grumman, together worth $49.8 million.
$378 million Assets Under Management (AUM)
As of 25th July 2024, Canal Insurance Co’s top holding is 62,500 shares of Microsoft currently worth over $27.9 million and making up 7.4% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Canal Insurance Co owns more than approximately 0.1% of the company.
In addition, the fund holds 50,093 shares of Northrop Grumman worth $21.8 million, whose value grew 8.5% in the past six months.
The third-largest holding is Chevron worth $18.7 million and the next is Lockheed Martin worth $17.1 million, with 36,600 shares owned.
Currently, Canal Insurance Co's portfolio is worth at least $378 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Canal Insurance Co
The Canal Insurance Co office and employees reside in Greenville, South Carolina. According to the last 13-F report filed with the SEC, William Iii serves as the Senior Vice President Investments at Canal Insurance Co.
Recent trades
In the most recent 13F filing, Canal Insurance Co revealed that it had opened a new position in
Dell Technologies Inc and bought 15,000 shares worth $2.07 million.
This means they effectively own approximately 0.1% of the company.
Dell Technologies Inc makes up
5.0%
of the fund's Technology sector allocation and has grown its share price by 113.0% in the past year.
The investment fund also strengthened its position in CVS Health Corp by buying
10,000 additional shares.
This makes their stake in CVS Health Corp total 200,000 shares worth $11.8 million.
CVS Health Corp dropped 18.4% in the past year.
On the other hand, there are companies that Canal Insurance Co is getting rid of from its portfolio.
Canal Insurance Co closed its position in Flowers Foods on 1st August 2024.
It sold the previously owned 50,000 shares for $1.19 million.
William Iii also disclosed a decreased stake in Walmart Inc by 0.3%.
This leaves the value of the investment at $8.8 million and 130,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Canal Insurance Co are Phh Investments and Epstein & White. They manage $378 million and $378 million respectively.
William Iii investment strategy
Canal Insurance Co’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Health Care — making up 18.3% of
the total portfolio value.
The fund focuses on investments in the United States as
55.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
53% of the total holdings value.
On the other hand, small-cap stocks make up only 2.6% of the portfolio.
The average market cap of the portfolio companies is close to $129 billion.
The complete list of Canal Insurance Co trades based on 13F SEC filings
These positions were updated on August 1st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
No change
62,500
|
$27,934,000 | 7.39% |
| Northrop Grumman Corp. |
No change
50,093
|
$21,838,000 | 5.78% |
| Chevron Corp. |
No change
119,240
|
$18,652,000 | 4.93% |
| Lockheed Martin Corp. |
No change
36,600
|
$17,096,000 | 4.52% |
| Abbvie Inc |
No change
92,500
|
$15,866,000 | 4.20% |
| Duke Energy Corp. |
No change
150,166
|
$15,051,000 | 3.98% |
| Exxon Mobil Corp. |
No change
115,000
|
$13,239,000 | 3.50% |
| International Business Machs |
No change
73,000
|
$12,625,000 | 3.34% |
| BP plc |
No change
330,000
|
$11,913,000 | 3.15% |
| CVS Health Corp |
5.26%
200,000
|
$11,812,000 | 3.12% |
| Johnson & Johnson |
No change
75,000
|
$10,962,000 | 2.90% |
| AeroVironment Inc. |
No change
60,000
|
$10,930,000 | 2.89% |
| Raytheon Technologies Corp |
No change
103,662
|
$10,407,000 | 2.75% |
| Pfizer Inc. |
No change
340,000
|
$9,513,000 | 2.52% |
| Walmart Inc |
27.78%
130,000
|
$8,802,000 | 2.33% |
| Bristol-Myers Squibb Co. |
66.67%
200,000
|
$8,306,000 | 2.20% |
| Williams Cos Inc |
25.00%
150,000
|
$6,375,000 | 1.69% |
| Conocophillips |
No change
55,000
|
$6,291,000 | 1.66% |
| General Dynamics Corp. |
No change
20,000
|
$5,803,000 | 1.53% |
| Dominion Energy Inc |
No change
110,000
|
$5,390,000 | 1.43% |
| L3Harris Technologies Inc |
No change
24,000
|
$5,390,000 | 1.43% |
| Ishares U S Etf Tr |
No change
100,000
|
$5,033,000 | 1.33% |
| Thermo Fisher Scientific Inc. |
No change
9,000
|
$4,977,000 | 1.32% |
| Fluor Corp New |
26.67%
110,000
|
$4,791,000 | 1.27% |
| Phillips 66 |
No change
32,500
|
$4,588,000 | 1.21% |
| Fluence Energy Inc |
13.04%
260,000
|
$4,508,000 | 1.19% |
| Becton Dickinson & Co |
No change
19,123
|
$4,469,000 | 1.18% |
| Enterprise Prods Partners L |
50.00%
150,000
|
$4,347,000 | 1.15% |
| Abbott Labs |
No change
40,000
|
$4,156,000 | 1.10% |
| Enersys |
No change
39,321
|
$4,071,000 | 1.08% |
| Kratos Defense & Sec Solutio |
21.79%
200,000
|
$4,002,000 | 1.06% |
| Ishares Tr |
No change
78,000
|
$3,985,000 | 1.05% |
| Kinder Morgan Inc |
No change
200,000
|
$3,974,000 | 1.05% |
| GSK Plc |
49.38%
102,500
|
$3,946,000 | 1.04% |
| Newmont Corp |
No change
80,000
|
$3,350,000 | 0.89% |
| Baxter International Inc. |
No change
100,000
|
$3,345,000 | 0.88% |
| Barrick Gold Corp. |
No change
200,000
|
$3,336,000 | 0.88% |
| AT&T Inc. |
No change
170,000
|
$3,249,000 | 0.86% |
| Canadian Pacific Kansas City |
No change
40,300
|
$3,173,000 | 0.84% |
| Markel Corp |
No change
2,000
|
$3,151,000 | 0.83% |
| Disney Walt Co |
No change
30,000
|
$2,979,000 | 0.79% |
| Verizon Communications Inc |
No change
68,000
|
$2,804,000 | 0.74% |
| Enbridge Inc |
No change
76,720
|
$2,730,000 | 0.72% |
| Rivian Automotive, Inc. |
50.00%
195,000
|
$2,617,000 | 0.69% |
| Kraft Heinz Co |
No change
80,000
|
$2,578,000 | 0.68% |
| Global X Fds |
90.63%
63,100
|
$2,449,000 | 0.65% |
| Bloom Energy Corp |
185.71%
200,000
|
$2,448,000 | 0.65% |
| Arcadium Lithium Plc |
2.11%
725,000
|
$2,436,000 | 0.64% |
| Bhp Group Ltd |
No change
40,000
|
$2,284,000 | 0.60% |
| Dell Technologies Inc |
Opened
15,000
|
$2,069,000 | 0.55% |
| Blackrock Res & Commodities |
No change
204,174
|
$1,876,000 | 0.50% |
| Nuscale Pwr Corp |
No change
160,000
|
$1,870,000 | 0.49% |
| Valero Energy Corp. |
50.00%
10,000
|
$1,568,000 | 0.41% |
| The Southern Co. |
No change
20,000
|
$1,551,000 | 0.41% |
| Direxion Shs Etf Tr |
33.33%
40,000
|
$1,481,000 | 0.39% |
| Cisco Sys Inc |
Opened
30,000
|
$1,425,000 | 0.38% |
| Intel Corp. |
No change
40,000
|
$1,239,000 | 0.33% |
| Ark Etf Tr |
No change
80,000
|
$1,194,000 | 0.32% |
| Flowers Foods, Inc. |
Closed
50,000
|
$1,188,000 | |
| VanEck ETF Trust |
Closed
20,000
|
$1,027,000 | |
| Otis Worldwide Corporation |
No change
10,000
|
$963,000 | 0.25% |
| Spire Inc. |
No change
15,690
|
$953,000 | 0.25% |
| AAR Corp. |
No change
12,000
|
$872,000 | 0.23% |
| Cerence Inc |
Closed
55,000
|
$866,000 | |
| Haleon Plc |
No change
100,000
|
$826,000 | 0.22% |
| Woodside Energy Group Ltd |
No change
42,456
|
$799,000 | 0.21% |
| AES Corp. |
No change
40,000
|
$703,000 | 0.19% |
| Campbell Soup Co. |
No change
15,000
|
$678,000 | 0.18% |
| Viatris Inc. |
No change
60,000
|
$638,000 | 0.17% |
| Carrier Global Corporation |
No change
10,000
|
$631,000 | 0.17% |
| Warner Bros.Discovery Inc |
Closed
66,288
|
$579,000 | |
| Aecon Group Inc |
No change
40,000
|
$495,000 | 0.13% |
| Kellogg Co |
No change
8,000
|
$461,000 | 0.12% |
| Samsara Inc. |
Opened
13,618
|
$459,000 | 0.12% |
| TC Energy Corporation |
No change
10,000
|
$379,000 | 0.10% |
| Kyndryl Hldgs Inc |
No change
14,400
|
$379,000 | 0.10% |
| Walgreens Boots Alliance Inc |
No change
22,000
|
$266,000 | 0.07% |
| NIO Inc |
No change
40,000
|
$166,000 | 0.04% |
| Eos Energy Enterprises, Inc. |
No change
100,000
|
$127,000 | 0.03% |
| Wk Kellogg Co |
No change
2,000
|
$33,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 80 holdings | |||
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