Filed: 2/14/2025ACC: 0001081668-25-000003
📋 What this filing means
PORTLAND INVESTMENT COUNSEL INC. filed this quarterly 13F‑HR report disclosing 52 equity positions with a total reported market value of $389.82M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
52
Positions
$389.82M
Total AUM (reported)
8M
Total Shares
Allocation by class
COM$235.50M60.4%
CL B NEW$48.46M12.4%
COM NEW$36.01M9.2%
CL A LMT VTG SHS$21.33M5.5%
COM CL A$18.31M4.7%
CL A COM STK$15.59M4.0%
CL A LTD VT SH$3.46M0.9%
Portfolio Concentration
Top 3$104.58M26.8%
4–10$156.57M40.2%
11–25$111.70M28.7%
Rest$16.97M4.4%
Top 3 weight
26.8%
Top 10 weight
67.0%
Voting Authority Distribution
Total shares with voting rights: 8M
Sole
Full voting authority
8M
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)
Sole52
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings52
Rows:
BERKSHIRE HATHAWAY INC DEL
SOLEShares106.91K
TypeSH
Market value$48.46M
12.43%
Sole
106.91K
Shared
0.00
None
0.00
THE CIGNA GROUP
SOLEShares102.60K
TypeSH
Market value$28.33M
7.27%
Sole
102.60K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares1.18M
TypeSH
Market value$27.79M
7.13%
Sole
1.18M
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares452.40K
TypeSH
Market value$24.09M
6.18%
Sole
452.40K
Shared
0.00
None
0.00
KRAFT HEINZ CO
SOLEShares775.30K
TypeSH
Market value$23.81M
6.11%
Sole
775.30K
Shared
0.00
None
0.00
VERIZON COMMUNICATIONS INC
SOLEShares554.60K
TypeSH
Market value$22.18M
5.69%
Sole
554.60K
Shared
0.00
None
0.00
BANK NOVA SCOTIA B C
SOLEShares409.63K
TypeSH
Market value$22.00M
5.64%
Sole
409.63K
Shared
0.00
None
0.00
MAGNA INTL INC
SOLEShares520.10K
TypeSH
Market value$21.74M
5.58%
Sole
520.10K
Shared
0.00
None
0.00
ELEVANCE HEALTH INC
SOLEShares58.10K
TypeSH
Market value$21.43M
5.50%
Sole
58.10K
Shared
0.00
None
0.00
BROOKFIELD ASSET MANAGMT LTD
SOLEShares394.15K
TypeSH
Market value$21.33M
5.47%
Sole
394.15K
Shared
0.00
None
0.00
NUTRIEN LTD
SOLEShares405.50K
TypeSH
Market value$18.14M
4.65%
Sole
405.50K
Shared
0.00
None
0.00
OKLO INC
SOLEShares802.58K
TypeSH
Market value$17.04M
4.37%
Sole
802.58K
Shared
0.00
None
0.00
ARES MANAGEMENT CORPORATION
SOLEShares88.07K
TypeSH
Market value$15.59M
4.00%
Sole
88.07K
Shared
0.00
None
0.00
DANAHER CORPORATION
SOLEShares53.75K
TypeSH
Market value$12.34M
3.17%
Sole
53.75K
Shared
0.00
None
0.00
AT&T INC
SOLEShares525.90K
TypeSH
Market value$11.97M
3.07%
Sole
525.90K
Shared
0.00
None
0.00
CITIGROUP INC
SOLEShares160.50K
TypeSH
Market value$11.30M
2.90%
Sole
160.50K
Shared
0.00
None
0.00
CVS HEALTH CORP
SOLEShares200.80K
TypeSH
Market value$9.01M
2.31%
Sole
200.80K
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares60.22K
TypeSH
Market value$3.46M
0.89%
Sole
60.22K
Shared
0.00
None
0.00
RADNET INC
SOLEShares37K
TypeSH
Market value$2.58M
0.66%
Sole
37K
Shared
0.00
None
0.00
CARNIVAL CORP
SOLEShares90.70K
TypeSH
Market value$2.26M
0.58%
Sole
90.70K
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares20.04K
TypeSH
Market value$1.83M
0.47%
Sole
20.04K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares8.27K
TypeSH
Market value$1.56M
0.40%
Sole
8.27K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares7.12K
TypeSH
Market value$1.56M
0.40%
Sole
7.12K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares2.63K
TypeSH
Market value$1.54M
0.39%
Sole
2.63K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO
SOLEShares6.25K
TypeSH
Market value$1.50M
0.38%
Sole
6.25K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 106.91K | SH | $48.46M 12.43% | 106.91K | 0.00 | 0.00 |
THE CIGNA GROUPSOLE | COM | 102.60K | SH | $28.33M 7.27% | 102.60K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 1.18M | SH | $27.79M 7.13% | 1.18M | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 452.40K | SH | $24.09M 6.18% | 452.40K | 0.00 | 0.00 |
KRAFT HEINZ COSOLE | COM | 775.30K | SH | $23.81M 6.11% | 775.30K | 0.00 | 0.00 |
VERIZON COMMUNICATIONS INCSOLE | COM | 554.60K | SH | $22.18M 5.69% | 554.60K | 0.00 | 0.00 |
BANK NOVA SCOTIA B CSOLE | COM | 409.63K | SH | $22.00M 5.64% | 409.63K | 0.00 | 0.00 |
MAGNA INTL INCSOLE | COM | 520.10K | SH | $21.74M 5.58% | 520.10K | 0.00 | 0.00 |
ELEVANCE HEALTH INCSOLE | COM | 58.10K | SH | $21.43M 5.50% | 58.10K | 0.00 | 0.00 |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 394.15K | SH | $21.33M 5.47% | 394.15K | 0.00 | 0.00 |
NUTRIEN LTDSOLE | COM | 405.50K | SH | $18.14M 4.65% | 405.50K | 0.00 | 0.00 |
OKLO INCSOLE | COM CL A | 802.58K | SH | $17.04M 4.37% | 802.58K | 0.00 | 0.00 |
ARES MANAGEMENT CORPORATIONSOLE | CL A COM STK | 88.07K | SH | $15.59M 4.00% | 88.07K | 0.00 | 0.00 |
DANAHER CORPORATIONSOLE | COM | 53.75K | SH | $12.34M 3.17% | 53.75K | 0.00 | 0.00 |
AT&T INCSOLE | COM | 525.90K | SH | $11.97M 3.07% | 525.90K | 0.00 | 0.00 |
CITIGROUP INCSOLE | COM NEW | 160.50K | SH | $11.30M 2.90% | 160.50K | 0.00 | 0.00 |
CVS HEALTH CORPSOLE | COM | 200.80K | SH | $9.01M 2.31% | 200.80K | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 60.22K | SH | $3.46M 0.89% | 60.22K | 0.00 | 0.00 |
RADNET INCSOLE | COM | 37K | SH | $2.58M 0.66% | 37K | 0.00 | 0.00 |
CARNIVAL CORPSOLE | COMMON STOCK | 90.70K | SH | $2.26M 0.58% | 90.70K | 0.00 | 0.00 |
SPDR SER TRSOLE | BLOOMBERG 1-3 MO | 20.04K | SH | $1.83M 0.47% | 20.04K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 8.27K | SH | $1.56M 0.40% | 8.27K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 7.12K | SH | $1.56M 0.40% | 7.12K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 2.63K | SH | $1.54M 0.39% | 2.63K | 0.00 | 0.00 |
JPMORGAN CHASE & COSOLE | COM | 6.25K | SH | $1.50M 0.38% | 6.25K | 0.00 | 0.00 |
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