Filed: 5/14/2025ACC: 0001081668-25-000006
📋 What this filing means
PORTLAND INVESTMENT COUNSEL INC. filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $329.19M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
49
Positions
$329.19M
Total AUM (reported)
7.10M
Total Shares
Allocation by class
COM$178.91M54.3%
CL B NEW$56.70M17.2%
COM NEW$28.47M8.6%
CL A LMT VTG SHS$19.09M5.8%
COM CL A$17.65M5.4%
CL A COM STK$14.04M4.3%
CL A LTD VT SH$3.16M1.0%
Portfolio Concentration
Top 3$119.73M36.4%
4–10$152.47M46.3%
11–25$45.83M13.9%
Rest$11.17M3.4%
Top 3 weight
36.4%
Top 10 weight
82.7%
Voting Authority Distribution
Total shares with voting rights: 7.10M
Sole
Full voting authority
7.10M
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)
Sole49
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings49
Rows:
BERKSHIRE HATHAWAY INC DEL
SOLEShares106.46K
TypeSH
Market value$56.70M
17.22%
Sole
106.46K
Shared
0.00
None
0.00
THE CIGNA GROUP
SOLEShares102.60K
TypeSH
Market value$33.76M
10.25%
Sole
102.60K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares1.15M
TypeSH
Market value$29.28M
8.89%
Sole
1.15M
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares462.90K
TypeSH
Market value$27.74M
8.43%
Sole
462.90K
Shared
0.00
None
0.00
ELEVANCE HEALTH INC
SOLEShares58.10K
TypeSH
Market value$25.27M
7.68%
Sole
58.10K
Shared
0.00
None
0.00
MAGNA INTL INC
SOLEShares695.80K
TypeSH
Market value$23.65M
7.18%
Sole
695.80K
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares1.44M
TypeSH
Market value$19.94M
6.06%
Sole
1.44M
Shared
0.00
None
0.00
BANK NOVA SCOTIA B C
SOLEShares409.63K
TypeSH
Market value$19.42M
5.90%
Sole
409.63K
Shared
0.00
None
0.00
BROOKFIELD ASSET MANAGMT LTD
SOLEShares394.15K
TypeSH
Market value$19.09M
5.80%
Sole
394.15K
Shared
0.00
None
0.00
OKLO INC
SOLEShares807.58K
TypeSH
Market value$17.36M
5.27%
Sole
807.58K
Shared
0.00
None
0.00
ARES MANAGEMENT CORPORATION
SOLEShares95.77K
TypeSH
Market value$14.04M
4.27%
Sole
95.77K
Shared
0.00
None
0.00
DANAHER CORPORATION
SOLEShares54.75K
TypeSH
Market value$11.22M
3.41%
Sole
54.75K
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares60.22K
TypeSH
Market value$3.16M
0.96%
Sole
60.22K
Shared
0.00
None
0.00
CARNIVAL CORP
SOLEShares110.70K
TypeSH
Market value$2.16M
0.66%
Sole
110.70K
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares23.21K
TypeSH
Market value$2.13M
0.65%
Sole
23.21K
Shared
0.00
None
0.00
RADNET INC
SOLEShares40K
TypeSH
Market value$1.99M
0.60%
Sole
40K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO
SOLEShares6.25K
TypeSH
Market value$1.53M
0.47%
Sole
6.25K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares2.63K
TypeSH
Market value$1.51M
0.46%
Sole
2.63K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares7.12K
TypeSH
Market value$1.35M
0.41%
Sole
7.12K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares8.27K
TypeSH
Market value$1.28M
0.39%
Sole
8.27K
Shared
0.00
None
0.00
LANTHEUS HLDGS INC
SOLEShares13K
TypeSH
Market value$1.27M
0.39%
Sole
13K
Shared
0.00
None
0.00
GOLDMAN SACHS GROUP INC
SOLEShares2.25K
TypeSH
Market value$1.23M
0.37%
Sole
2.25K
Shared
0.00
None
0.00
APPLE INC
SOLEShares5.13K
TypeSH
Market value$1.14M
0.35%
Sole
5.13K
Shared
0.00
None
0.00
CAMECO CORP
SOLEShares24K
TypeSH
Market value$988.0K
0.30%
Sole
24K
Shared
0.00
None
0.00
BEIGENE LTD
SOLEShares3K
TypeSH
Market value$816.5K
0.25%
Sole
3K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 106.46K | SH | $56.70M 17.22% | 106.46K | 0.00 | 0.00 |
THE CIGNA GROUPSOLE | COM | 102.60K | SH | $33.76M 10.25% | 102.60K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 1.15M | SH | $29.28M 8.89% | 1.15M | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 462.90K | SH | $27.74M 8.43% | 462.90K | 0.00 | 0.00 |
ELEVANCE HEALTH INCSOLE | COM | 58.10K | SH | $25.27M 7.68% | 58.10K | 0.00 | 0.00 |
MAGNA INTL INCSOLE | COM | 695.80K | SH | $23.65M 7.18% | 695.80K | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 1.44M | SH | $19.94M 6.06% | 1.44M | 0.00 | 0.00 |
BANK NOVA SCOTIA B CSOLE | COM | 409.63K | SH | $19.42M 5.90% | 409.63K | 0.00 | 0.00 |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 394.15K | SH | $19.09M 5.80% | 394.15K | 0.00 | 0.00 |
OKLO INCSOLE | COM CL A | 807.58K | SH | $17.36M 5.27% | 807.58K | 0.00 | 0.00 |
ARES MANAGEMENT CORPORATIONSOLE | CL A COM STK | 95.77K | SH | $14.04M 4.27% | 95.77K | 0.00 | 0.00 |
DANAHER CORPORATIONSOLE | COM | 54.75K | SH | $11.22M 3.41% | 54.75K | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 60.22K | SH | $3.16M 0.96% | 60.22K | 0.00 | 0.00 |
CARNIVAL CORPSOLE | COMMON STOCK | 110.70K | SH | $2.16M 0.66% | 110.70K | 0.00 | 0.00 |
SPDR SER TRSOLE | BLOOMBERG 1-3 MO | 23.21K | SH | $2.13M 0.65% | 23.21K | 0.00 | 0.00 |
RADNET INCSOLE | COM | 40K | SH | $1.99M 0.60% | 40K | 0.00 | 0.00 |
JPMORGAN CHASE & COSOLE | COM | 6.25K | SH | $1.53M 0.47% | 6.25K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 2.63K | SH | $1.51M 0.46% | 2.63K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 7.12K | SH | $1.35M 0.41% | 7.12K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 8.27K | SH | $1.28M 0.39% | 8.27K | 0.00 | 0.00 |
LANTHEUS HLDGS INCSOLE | COM | 13K | SH | $1.27M 0.39% | 13K | 0.00 | 0.00 |
GOLDMAN SACHS GROUP INCSOLE | COM | 2.25K | SH | $1.23M 0.37% | 2.25K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 5.13K | SH | $1.14M 0.35% | 5.13K | 0.00 | 0.00 |
CAMECO CORPSOLE | COM | 24K | SH | $988.0K 0.30% | 24K | 0.00 | 0.00 |
BEIGENE LTDSOLE | SPONSORED ADR | 3K | SH | $816.5K 0.25% | 3K | 0.00 | 0.00 |
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