Filed: 8/11/2025ACC: 0001688774-25-000013
📋 What this filing means
GFI INVESTMENT COUNSEL LTD. filed this quarterly 13F‑HR report disclosing 21 equity positions with a total reported market value of $917.92M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
21
Positions
$917.92M
Total AUM (reported)
4.09M
Total Shares
Allocation by class
COM$598.51M65.2%
COM CL A$88.05M9.6%
COMMON STOCK NEW$63.88M7.0%
SHS CL A$59.44M6.5%
SHS$58.53M6.4%
CL A$41.52M4.5%
BLOOMBERG 1-3 MO$6.77M0.7%
Portfolio Concentration
Top 3$261.19M28.5%
4–10$480.25M52.3%
11–25$176.49M19.2%
Top 3 weight
28.5%
Top 10 weight
80.8%
Voting Authority Distribution
Total shares with voting rights: 4.09M
Sole
Full voting authority
4.09M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole21
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings21
Rows:
MICROSOFT CORP
SOLEShares185.67K
TypeSH
Market value$92.35M
10.06%
Sole
185.67K
Shared
0.00
None
0.00
VISA INC
SOLEShares248K
TypeSH
Market value$88.05M
9.59%
Sole
248K
Shared
0.00
None
0.00
MOODYS CORP
SOLEShares161.06K
TypeSH
Market value$80.79M
8.80%
Sole
161.06K
Shared
0.00
None
0.00
ROPER TECHNOLOGIES INC
SOLEShares140.10K
TypeSH
Market value$79.42M
8.65%
Sole
140.10K
Shared
0.00
None
0.00
HILTON WORLDWIDE HLDGS INC
SOLEShares275.24K
TypeSH
Market value$73.31M
7.99%
Sole
275.24K
Shared
0.00
None
0.00
MSCI INC
SOLEShares118.55K
TypeSH
Market value$68.37M
7.45%
Sole
118.55K
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares205.73K
TypeSH
Market value$65.62M
7.15%
Sole
205.73K
Shared
0.00
None
0.00
SHERWIN WILLIAMS CO
SOLEShares189.26K
TypeSH
Market value$64.98M
7.08%
Sole
189.26K
Shared
0.00
None
0.00
EQUIFAX INC
SOLEShares249.30K
TypeSH
Market value$64.66M
7.04%
Sole
249.30K
Shared
0.00
None
0.00
FERGUSON ENTERPRISES INC
SOLEShares293.38K
TypeSH
Market value$63.88M
6.96%
Sole
293.38K
Shared
0.00
None
0.00
AON PLC
SOLEShares166.61K
TypeSH
Market value$59.44M
6.48%
Sole
166.61K
Shared
0.00
None
0.00
GENPACT LIMITED
SOLEShares1.33M
TypeSH
Market value$58.53M
6.38%
Sole
1.33M
Shared
0.00
None
0.00
BOOZ ALLEN HAMILTON HLDG COR
SOLEShares396.68K
TypeSH
Market value$41.31M
4.50%
Sole
396.68K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares73.85K
TypeSH
Market value$6.77M
0.74%
Sole
73.85K
Shared
0.00
None
0.00
SALESFORCE INC
SOLEShares23.27K
TypeSH
Market value$6.35M
0.69%
Sole
23.27K
Shared
0.00
None
0.00
FIRSTSERVICE CORP NEW
SOLEShares12.50K
TypeSH
Market value$2.18M
0.24%
Sole
12.50K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares11.98K
TypeSH
Market value$638.6K
0.07%
Sole
11.98K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares1.20K
TypeSH
Market value$581.5K
0.06%
Sole
1.20K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares257.00
TypeSH
Market value$254.4K
0.03%
Sole
257.00
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares1.04K
TypeSH
Market value$228.2K
0.02%
Sole
1.04K
Shared
0.00
None
0.00
CBRE GROUP INC
SOLEShares1.50K
TypeSH
Market value$210.2K
0.02%
Sole
1.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSOFT CORPSOLE | COM | 185.67K | SH | $92.35M 10.06% | 185.67K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 248K | SH | $88.05M 9.59% | 248K | 0.00 | 0.00 |
MOODYS CORPSOLE | COM | 161.06K | SH | $80.79M 8.80% | 161.06K | 0.00 | 0.00 |
ROPER TECHNOLOGIES INCSOLE | COM | 140.10K | SH | $79.42M 8.65% | 140.10K | 0.00 | 0.00 |
HILTON WORLDWIDE HLDGS INCSOLE | COM | 275.24K | SH | $73.31M 7.99% | 275.24K | 0.00 | 0.00 |
MSCI INCSOLE | COM | 118.55K | SH | $68.37M 7.45% | 118.55K | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 205.73K | SH | $65.62M 7.15% | 205.73K | 0.00 | 0.00 |
SHERWIN WILLIAMS COSOLE | COM | 189.26K | SH | $64.98M 7.08% | 189.26K | 0.00 | 0.00 |
EQUIFAX INCSOLE | COM | 249.30K | SH | $64.66M 7.04% | 249.30K | 0.00 | 0.00 |
FERGUSON ENTERPRISES INCSOLE | COMMON STOCK NEW | 293.38K | SH | $63.88M 6.96% | 293.38K | 0.00 | 0.00 |
AON PLCSOLE | SHS CL A | 166.61K | SH | $59.44M 6.48% | 166.61K | 0.00 | 0.00 |
GENPACT LIMITEDSOLE | SHS | 1.33M | SH | $58.53M 6.38% | 1.33M | 0.00 | 0.00 |
BOOZ ALLEN HAMILTON HLDG CORSOLE | CL A | 396.68K | SH | $41.31M 4.50% | 396.68K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | BLOOMBERG 1-3 MO | 73.85K | SH | $6.77M 0.74% | 73.85K | 0.00 | 0.00 |
SALESFORCE INCSOLE | COM | 23.27K | SH | $6.35M 0.69% | 23.27K | 0.00 | 0.00 |
FIRSTSERVICE CORP NEWSOLE | COM | 12.50K | SH | $2.18M 0.24% | 12.50K | 0.00 | 0.00 |
ISHARES TRSOLE | ISHS 5-10YR INVT | 11.98K | SH | $638.6K 0.07% | 11.98K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 1.20K | SH | $581.5K 0.06% | 1.20K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 257.00 | SH | $254.4K 0.03% | 257.00 | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 1.04K | SH | $228.2K 0.02% | 1.04K | 0.00 | 0.00 |
CBRE GROUP INCSOLE | CL A | 1.50K | SH | $210.2K 0.02% | 1.50K | 0.00 | 0.00 |