The CI Can-Am Small Cap fund focuses on long-term returns by investing in small-cap companies in Canada and internationally. For the year, the fund has returned 19.3% and since inception, it has returned 9.3% on average annually.
It has $164.6 million in assets under management, distributed among different industries, with energy and financial services being the most prominent, at a combined 49.7% of the portfolio. During the third quarter, fund managers started six new equity positions and had 40 in all by the end of the quarter, according to its portfolio update released last week to the SEC.
Its largest new positions of the third quarter were: Superior Plus Corp. (TSX:SPB, Financial), Westinghouse Air Brake Technologies Corp. (WAB, Financial), Staples Inc. (SPLS, Financial), Knight Therapeutics Inc. (TSX:GUD, Financial) and Casey’s General Stores Inc. (CASY, Financial).
Superior Plus Corp. (TSX:SPB, Financial)
The CI Can-Am Small Cap fund purchased 548,830 shares of the company, worth 3.22% of the portfolio. The company’s third-quarter share price per share averaged $11.5 Canadian dollars.
Superior Plus Corp has a market cap of $1.78 billion; its shares were traded around $12.43 with a P/E ratio of 5.06 and P/S ratio of 0.48. The trailing 12-month dividend yield of Superior Plus Corp stocks is 5.79%. The forward dividend yield of Superior Plus Corp stocks is 5.79%.
Westinghouse Air Brake Technologies Corp. (WAB, Financial)
The fund purchased 43,600 shares of the company, worth 2.32% of the portfolio. The company’s third-quarter share price averaged $73.
Westinghouse Air Brake Technologies Corp has a market cap of $7.59 billion; its shares were traded around $79.54 with a P/E ratio of 19.82 and P/S ratio of 2.42. The trailing 12-month dividend yield of Westinghouse Air Brake Technologies Corp stocks is 0.45%. The forward dividend yield of Westinghouse Air Brake Technologies Corp stocks is 0.50%. Westinghouse Air Brake Technologies Corp had an annual average earnings growth of 17.70% over the past 10 years. GuruFocus rated Westinghouse Air Brake Technologies Corp the business predictability rank of 4-star.
Staples Inc. (SPLS, Financial)
The fund purchased 373,490 shares of Staples Inc., worth 2.08% of the portfolio. The company’s stock price averaged $9 per share in the third quarter.
Staples Inc. has a market cap of $6.49 billion; its shares were traded around $9.97 with and P/S ratio of 0.31. The trailing 12-month dividend yield of Staples Inc. stocks is 4.80%. The forward dividend yield of Staples Inc. stocks is 4.86%.
Knight Therapeutics Inc. (TSX:GUD, Financial)
The fund purchased 371,000 shares of the company, worth 1.75% of the portfolio. The stock’s third-quarter price averaged C$9 per share.
Knight Therapeutics Inc. has a market cap of $1.35 billion; its shares were traded around $10.14 with a P/E ratio of 72.43 and P/S ratio of 266.84.Top of Form
Casey’s General Stores Inc. (CASY, Financial)
The fund purchased 13,740 shares of the company, worth 1.08% of the portfolio. The stock’s third quarter share price was $129 on average for the third quarter.
Casey's General Stores Inc. has a market cap of $4.88 billion; its shares were traded around $124.57 with a P/E ratio of 23.36 and P/S ratio of 0.72. The trailing 12-month dividend yield of Casey's General Stores Inc. stocks is 0.74%. The forward dividend yield of Casey's General Stores Inc. stocks is 0.77%. Casey's General Stores Inc. had an annual average earnings growth of 16.30% over the past 10 years. GuruFocus rated Casey's General Stores Inc. the business predictability rank of 4-star.
See the CI Can Am Small Cap (Trades, Portfolio) fund’s portfolio here. Start a free 7-day trial of Premium Membership to GuruFocus. Follow Holly on Twitter @guruhollyl.
