Cardinal Point Capital Management ULC FSM FORTUNA MNG CORP

Ownership history in Cardinal Point Capital Management ULC  ·  6 quarters on record

AI Ownership Summary

Cardinal Point Capital Management ULC reported FORTUNA MNG CORP (FSM) in 6 quarterly 13F filings from 2025 Q1 through 2026 Q2. Peak portfolio weight reached 0.04% in 2025 Q1. The latest visible filing shows FSM at 0.01% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this FSM ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Cardinal Point Capital Management ULC's position in FORTUNA MNG CORP, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q2

FSM was reported at 0.01% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.04% in 2025 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2025 Q1 to 2026 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

How Cardinal Point Capital Management ULC held FSM — position size vs. price
% of Fund (quarterly)    FSM price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 6 quarters  
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q2 REDUCED 19,275 -3,375 -14.9% 0.01% $163K 2026-07-14 $8.51
2026 Q1 REDUCED 21.2% -15.7% 22,650 -6,100 -21.2% 0.01% $225K 2026-04-20 $10.65
2025 Q4 REDUCED 21.1% +1.2% 28,750 -7,700 -21.1% 0.02% $282K 2026-02-05 $9.75
2025 Q3 REDUCED 11.0% +10.8% 36,450 -4,500 -11.0% 0.02% $326K 2025-11-06 $7.98
2025 Q2 REDUCED 35.5% +32.7% 40,950 -22,550 -35.5% 0.02% $267K 2025-07-31 $6.45
2025 Q1 INITIATED 63,500 0.04% $386K 2025-05-08 $5.36

FAQ About Cardinal Point Capital Management ULC and FSM

These are the practical questions this page is built to answer before you even open the full history table.

How long has Cardinal Point Capital Management ULC reported owning FSM?

Cardinal Point Capital Management ULC reported FSM across 6 quarterly 13F filings, from 2025 Q1 through 2026 Q2.

What was the largest reported FSM position in Cardinal Point Capital Management ULC's portfolio?

The largest reported portfolio weight for FSM was 0.04% in 2025 Q1.

What is the latest reported FSM position on this page?

The most recent filing on this page is 2026 Q2, when Cardinal Point Capital Management ULC reported 19,275 shares, equal to 0.01% of portfolio, with an estimated market value of $163K.

What does the chart on this FSM ownership page compare?

The chart compares Cardinal Point Capital Management ULC's quarterly FSM portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Cardinal Point Capital Management ULC time their FSM position?

Based on 13F filing dates vs. subsequent FSM price moves, Cardinal Point Capital Management ULC correctly timed 2 out of 5 reported position changes (40%). The annualised alpha on FSM relative to SPY over the holding period was +14.7%.

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