# EDGAR Filing Document

**Accession Number:** 0001908219
**File Stem:** 0001908219-25-000009
**Filing Date:** 2025-7
**Character Count:** 25073
**Document Hash:** 344641a459da3efc091ed88e8dff1988
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001908219-25-000009.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001908219-25-000009

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250723

**EFFECTIVENESS DATE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Canoe Financial LP
- **CENTRAL INDEX KEY:** 0001908219

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23194
- **FILM NUMBER:** 251142255

**BUSINESS ADDRESS:**
- **STREET 1:** 421 7 AVENUE SW, SUITE 2750
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2P4K9
- **BUSINESS PHONE:** 4035715550

**MAIL ADDRESS:**
- **STREET 1:** 421 7 AVENUE SW, SUITE 2750
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2P4K9

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001908219

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Canoe Financial LP

**Address:** 421 7 AVENUE SW, SUITE 2750, CALGARY, A0 T2P4K9

**Telephone number:** 403-513-0109

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-23194

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                              | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                     | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| FedEx Corporation                           | 31428X106 | 09/23/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 252734           |                0 | FOR         |                         252734           | FOR                         |  |
| Ferguson Enterprises Inc.                   | 31488V107 | 12/05/2024     | To approve, on an advisory basis, the fiscal 2024 compensation of the Company's Named Executive Officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |    252           |                0 | FOR         |                            252           | FOR                         |  |
| Ferguson Enterprises Inc.                   | 31488V107 | 12/05/2024     | To approve, on an advisory basis, the frequency of future shareholder advisory votes to approve the compensation of the Company's Named Executive Officers.                                                                          | SECTION 14A SAY-ON-PAY VOTES |    252           |                0 | ONE YEAR    |                            252           | FOR                         |  |
| Visa Inc.                                   | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 474460           |                0 | FOR         |                         474460           | FOR                         |  |
| Emerson Electric Co.                        | 291011104 | 02/04/2025     | Approval, by non-binding advisory vote, of Emerson Electric Co. executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 445790           |                0 | FOR         |                         445790           | FOR                         |  |
| Discover Financial Services                 | 254709108 | 02/18/2025     | Approval of, on an advisory (non-binding) basis, the merger related compensation payments that will or may be paid to named executive officers of Discover in connection with the transactions contemplated by the merger agreement. | SECTION 14A SAY-ON-PAY VOTES | 528267           |                0 | FOR         |                         528267           | FOR                         |  |
| Analog Devices, Inc.                        | 032654105 | 03/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 536908           |                0 | FOR         |                         536908           | FOR                         |  |
| Liberty Energy Inc.                         | 53115L104 | 04/15/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      2.49697e+06 |                0 | FOR         |                              2.49697e+06 | FOR                         |  |
| Liberty Energy Inc.                         | 53115L104 | 04/15/2025     | Advisory vote to determine the frequency of future advisory votes to approve the compensation of the Company's named executive officers.                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      2.49697e+06 |                0 | ONE YEAR    |                              2.49697e+06 | FOR                         |  |
| M Bank Corporation                          | 55261F104 | 04/15/2025     | TO APPROVE THE 2024 COMPENSATION OF M BANK CORPORATION'S NAMED EXECUTIVE OFFICERS.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |    817           |                0 | FOR         |                            817           | FOR                         |  |
| EQT Corporation                             | 26884L109 | 04/16/2025     | Approval of a non-binding resolution to approve the 2024 compensation of the EQT Corporation's named executive officers (say-on-pay)                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1.32278e+06 |                0 | FOR         |                              1.32278e+06 | FOR                         |  |
| Humana Inc.                                 | 444859102 | 04/17/2025     | Non-binding advisory vote for the approval of the compensation of the named executive officers as disclosed in the 2025 proxy statement.                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    508           |                0 | FOR         |                            508           | FOR                         |  |
| Adobe Inc.                                  | 00724F101 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 222583           |                0 | FOR         |                         222583           | FOR                         |  |
| The Cigna Group                             | 125523100 | 04/23/2025     | Advisory approval of executive compensation                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |   1021           |                0 | FOR         |                           1021           | FOR                         |  |
| HCA Healthcare, Inc.                        | 40412C101 | 04/24/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 229436           |                0 | FOR         |                         229436           | FOR                         |  |
| American Express Company                    | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 465037           |                0 | FOR         |                         465037           | FOR                         |  |
| Wells Fargo  Company                        | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      2.6463e+06  |                0 | FOR         |                              2.6463e+06  | FOR                         |  |
| Coterra Energy Inc.                         | 127097103 | 04/30/2025     | A non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      1.2933e+06  |                0 | FOR         |                              1.2933e+06  | FOR                         |  |
| Huntington Ingalls Industries, Inc.         | 446413106 | 04/30/2025     | Proposal to approve, on an advisory basis, the compensation of the Company's Named Executive Officers                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |    972           |                0 | FOR         |                            972           | FOR                         |  |
| RB Global, Inc.                             | 74935Q107 | 05/05/2025     | Approval, on an advisory basis, of a non-binding resolution on the compensation of the Company's named executive officers as described in the accompanying proxy statement.                                                          | SECTION 14A SAY-ON-PAY VOTES |      1.24573e+06 |                0 | FOR         |                              1.24573e+06 | FOR                         |  |
| Turning Point Brands, Inc.                  | 90041L105 | 05/06/2025     | To approve, on an advisory basis, named executive officer compensation.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   4377           |                0 | FOR         |                           4377           | FOR                         |  |
| Philip Morris International Inc.            | 718172109 | 05/07/2025     | Advisory Vote Approving Executive Compensation                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.13846e+06 |                0 | FOR         |                              1.13846e+06 | FOR                         |  |
| Equifax Inc.                                | 294429105 | 05/08/2025     | Advisory vote to approve named executive officer compensation ("say-on-pay").                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |   1312           |                0 | FOR         |                           1312           | FOR                         |  |
| Marriott International, Inc.                | 571903202 | 05/09/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  95450           |                0 | FOR         |                          95450           | FOR                         |  |
| Elevance Health, Inc.                       | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 324403           |                0 | FOR         |                         324403           | FOR                         |  |
| Fiserv, Inc.                                | 337738108 | 05/14/2025     | To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 165082           |                0 | FOR         |                         165082           | FOR                         |  |
| Hilton Worldwide Holdings Inc.              | 43300A203 | 05/14/2025     | Approval, in a non-binding advisory vote, of the compensation paid to the named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |   1202           |                0 | FOR         |                           1202           | FOR                         |  |
| Range Resources Corporation                 | 75281A109 | 05/14/2025     | To consider and vote on a non-binding proposal to approve our executive compensation philosophy ("say-on-pay").                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      2.05595e+06 |                0 | FOR         |                              2.05595e+06 | FOR                         |  |
| Chubb Limited                               | H1467J104 | 05/15/2025     | Advisory vote to approve executive compensation under U.S. securities law requirements                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 148415           |                0 | FOR         |                         148415           | FOR                         |  |
| CVS Health Corporation                      | 126650100 | 05/15/2025     | Say on Pay, a Proposal to Approve, on an Advisory Basis, the Company's Executive Compensation.                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.39233e+06 |                0 | AGAINST     |                              1.39233e+06 | AGAINST                     |  |
| Otis Worldwide Corporation                  | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 451973           |                0 | AGAINST     |                         451973           | AGAINST                     |  |
| Willis Towers Watson Public Limited Company | G96629103 | 05/15/2025     | Approve, on an advisory basis, the named executive officer compensation.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 228253           |                0 | FOR         |                         228253           | FOR                         |  |
| Waste Connections, Inc.                     | 94106B101 | 05/16/2025     | Say-on-Pay - Approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement.                                                                    | SECTION 14A SAY-ON-PAY VOTES |  12000           |                0 | FOR         |                          12000           | FOR                         |  |
| Northrop Grumman Corporation                | 666807102 | 05/21/2025     | Proposal to approve, on an advisory basis, the compensation of the Company's Named Executive Officers.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  81334           |                0 | FOR         |                          81334           | FOR                         |  |
| Ross Stores, Inc.                           | 778296103 | 05/21/2025     | Advisory vote to approve the resolution on the compensation of the named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 682743           |                0 | FOR         |                         682743           | FOR                         |  |
| Thermo Fisher Scientific Inc.               | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |   8000           |                0 | AGAINST     |                           8000           | AGAINST                     |  |
| Zoetis Inc.                                 | 98978V103 | 05/21/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   1394           |                0 | FOR         |                           1394           | FOR                         |  |
| Royal Gold, Inc.                            | 780287108 | 05/22/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  16482           |                0 | FOR         |                          16482           | FOR                         |  |
| VeriSign, Inc.                              | 92343E102 | 05/22/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  92261           |                0 | FOR         |                          92261           | FOR                         |  |
| UnitedHealth Group Incorporated             | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 330016           |                0 | AGAINST     |                         330016           | AGAINST                     |  |
| Fortive Corporation                         | 34959J108 | 06/03/2025     | To approve on an advisory basis Fortive's named executive officer compensation.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 287785           |                0 | FOR         |                         287785           | FOR                         |  |
| Restaurant Brands International Inc.        | 76131D103 | 06/03/2025     | Say-On-Pay  Approval, on a non-binding advisory basis, of the compensation paid to named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      2.30757e+06 |                0 | FOR         |                              2.30757e+06 | FOR                         |  |
| Airbnb, Inc.                                | 009066101 | 06/04/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    879           |                0 | AGAINST     |                            879           | AGAINST                     |  |
| Expand Energy Corporation                   | 165167735 | 06/05/2025     | To approve on an advisory basis our named executive officer compensation for 2024.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 554461           |                0 | FOR         |                         554461           | FOR                         |  |
| Roper Technologies, Inc.                    | 776696106 | 06/10/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    906           |                0 | FOR         |                            906           | FOR                         |  |
| Synchrony Financial                         | 87165B103 | 06/17/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   8995           |                0 | FOR         |                           8995           | FOR                         |  |
| Dollar Tree, Inc.                           | 256746108 | 06/19/2025     | To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  37000           |                0 | FOR         |                          37000           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Canoe Financial LP

**By (Signature):** Albert Luong

**By (Printed Signature):** Albert Luong

**By (Title):** Director, Legal  Compliance

**Date:** 07/21/2025