Filed: 11/13/2025ACC: 0001688774-25-000015
📋 What this filing means
GFI INVESTMENT COUNSEL LTD. filed this quarterly 13F‑HR report disclosing 26 equity positions with a total reported market value of $960.55M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
26
Positions
$960.55M
Total AUM (reported)
4.74M
Total Shares
Allocation by class
COM$647.80M67.4%
COM CL A$84.49M8.8%
COMMON STOCK NEW$63.67M6.6%
SHS CL A$59.76M6.2%
SHS$55.96M5.8%
CL A$40.96M4.3%
BLOOMBERG 1-3 MO$5.97M0.6%
Portfolio Concentration
Top 3$256.57M26.7%
4–10$471.08M49.0%
11–25$232.68M24.2%
Rest$218.2K0.0%
Top 3 weight
26.7%
Top 10 weight
75.8%
Voting Authority Distribution
Total shares with voting rights: 4.74M
Sole
Full voting authority
4.74M
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)
Sole26
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings26
Rows:
MICROSOFT CORP
SOLEShares183.78K
TypeSH
Market value$95.19M
9.91%
Sole
183.78K
Shared
0.00
None
0.00
VISA INC
SOLEShares247.49K
TypeSH
Market value$84.49M
8.80%
Sole
247.49K
Shared
0.00
None
0.00
MOODYS CORP
SOLEShares161.38K
TypeSH
Market value$76.89M
8.01%
Sole
161.38K
Shared
0.00
None
0.00
HILTON WORLDWIDE HLDGS INC
SOLEShares274.82K
TypeSH
Market value$71.30M
7.42%
Sole
274.82K
Shared
0.00
None
0.00
ROPER TECHNOLOGIES INC
SOLEShares140.30K
TypeSH
Market value$69.97M
7.28%
Sole
140.30K
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares205.96K
TypeSH
Market value$68.41M
7.12%
Sole
205.96K
Shared
0.00
None
0.00
MSCI INC
SOLEShares119.32K
TypeSH
Market value$67.70M
7.05%
Sole
119.32K
Shared
0.00
None
0.00
SHERWIN WILLIAMS CO
SOLEShares189.81K
TypeSH
Market value$65.72M
6.84%
Sole
189.81K
Shared
0.00
None
0.00
EQUIFAX INC
SOLEShares250.68K
TypeSH
Market value$64.31M
6.69%
Sole
250.68K
Shared
0.00
None
0.00
FERGUSON ENTERPRISES INC
SOLEShares283.51K
TypeSH
Market value$63.67M
6.63%
Sole
283.51K
Shared
0.00
None
0.00
AON PLC
SOLEShares167.60K
TypeSH
Market value$59.76M
6.22%
Sole
167.60K
Shared
0.00
None
0.00
OTIS WORLDWIDE CORP
SOLEShares645.54K
TypeSH
Market value$59.02M
6.14%
Sole
645.54K
Shared
0.00
None
0.00
GENPACT LIMITED
SOLEShares1.34M
TypeSH
Market value$55.96M
5.83%
Sole
1.34M
Shared
0.00
None
0.00
BOOZ ALLEN HAMILTON HLDG COR
SOLEShares407.47K
TypeSH
Market value$40.73M
4.24%
Sole
407.47K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares65.11K
TypeSH
Market value$5.97M
0.62%
Sole
65.11K
Shared
0.00
None
0.00
SALESFORCE INC
SOLEShares23.32K
TypeSH
Market value$5.53M
0.58%
Sole
23.32K
Shared
0.00
None
0.00
FIRSTSERVICE CORP NEW
SOLEShares12.56K
TypeSH
Market value$2.39M
0.25%
Sole
12.56K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares11.98K
TypeSH
Market value$648.2K
0.07%
Sole
11.98K
Shared
0.00
None
0.00
APPLE INC
SOLEShares2.48K
TypeSH
Market value$631.5K
0.07%
Sole
2.48K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares1.20K
TypeSH
Market value$601.8K
0.06%
Sole
1.20K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares4.13K
TypeSH
Market value$458.4K
0.05%
Sole
4.13K
Shared
0.00
None
0.00
TESLA INC
SOLEShares628.00
TypeSH
Market value$279.3K
0.03%
Sole
628.00
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares257.00
TypeSH
Market value$237.9K
0.02%
Sole
257.00
Shared
0.00
None
0.00
CBRE GROUP INC
SOLEShares1.50K
TypeSH
Market value$236.3K
0.02%
Sole
1.50K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares6.32K
TypeSH
Market value$227.4K
0.02%
Sole
6.32K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSOFT CORPSOLE | COM | 183.78K | SH | $95.19M 9.91% | 183.78K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 247.49K | SH | $84.49M 8.80% | 247.49K | 0.00 | 0.00 |
MOODYS CORPSOLE | COM | 161.38K | SH | $76.89M 8.01% | 161.38K | 0.00 | 0.00 |
HILTON WORLDWIDE HLDGS INCSOLE | COM | 274.82K | SH | $71.30M 7.42% | 274.82K | 0.00 | 0.00 |
ROPER TECHNOLOGIES INCSOLE | COM | 140.30K | SH | $69.97M 7.28% | 140.30K | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 205.96K | SH | $68.41M 7.12% | 205.96K | 0.00 | 0.00 |
MSCI INCSOLE | COM | 119.32K | SH | $67.70M 7.05% | 119.32K | 0.00 | 0.00 |
SHERWIN WILLIAMS COSOLE | COM | 189.81K | SH | $65.72M 6.84% | 189.81K | 0.00 | 0.00 |
EQUIFAX INCSOLE | COM | 250.68K | SH | $64.31M 6.69% | 250.68K | 0.00 | 0.00 |
FERGUSON ENTERPRISES INCSOLE | COMMON STOCK NEW | 283.51K | SH | $63.67M 6.63% | 283.51K | 0.00 | 0.00 |
AON PLCSOLE | SHS CL A | 167.60K | SH | $59.76M 6.22% | 167.60K | 0.00 | 0.00 |
OTIS WORLDWIDE CORPSOLE | COM | 645.54K | SH | $59.02M 6.14% | 645.54K | 0.00 | 0.00 |
GENPACT LIMITEDSOLE | SHS | 1.34M | SH | $55.96M 5.83% | 1.34M | 0.00 | 0.00 |
BOOZ ALLEN HAMILTON HLDG CORSOLE | CL A | 407.47K | SH | $40.73M 4.24% | 407.47K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | BLOOMBERG 1-3 MO | 65.11K | SH | $5.97M 0.62% | 65.11K | 0.00 | 0.00 |
SALESFORCE INCSOLE | COM | 23.32K | SH | $5.53M 0.58% | 23.32K | 0.00 | 0.00 |
FIRSTSERVICE CORP NEWSOLE | COM | 12.56K | SH | $2.39M 0.25% | 12.56K | 0.00 | 0.00 |
ISHARES TRSOLE | ISHS 5-10YR INVT | 11.98K | SH | $648.2K 0.07% | 11.98K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 2.48K | SH | $631.5K 0.07% | 2.48K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 1.20K | SH | $601.8K 0.06% | 1.20K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 4.13K | SH | $458.4K 0.05% | 4.13K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 628.00 | SH | $279.3K 0.03% | 628.00 | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 257.00 | SH | $237.9K 0.02% | 257.00 | 0.00 | 0.00 |
CBRE GROUP INCSOLE | CL A | 1.50K | SH | $236.3K 0.02% | 1.50K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | SOCIAL SENTIMENT | 6.32K | SH | $227.4K 0.02% | 6.32K | 0.00 | 0.00 |
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