Filed: 8/13/2025ACC: 0001081668-25-000011
📋 What this filing means
PORTLAND INVESTMENT COUNSEL INC. filed this quarterly 13F‑HR report disclosing 48 equity positions with a total reported market value of $340.03M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
48
Positions
$340.03M
Total AUM (reported)
5.67M
Total Shares
Allocation by class
COM$163.74M48.2%
CL B NEW$48.96M14.4%
COM CL A$43.20M12.7%
COM NEW$28.00M8.2%
CL A LMT VTG SHS$22.91M6.7%
CL A COM STK$15.70M4.6%
CL A$4.51M1.3%
Portfolio Concentration
Top 3$127.72M37.6%
4–10$161.43M47.5%
11–25$38.38M11.3%
Rest$12.50M3.7%
Top 3 weight
37.6%
Top 10 weight
85.0%
Voting Authority Distribution
Total shares with voting rights: 5.67M
Sole
Full voting authority
5.67M
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)
Sole48
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings48
Rows:
BERKSHIRE HATHAWAY INC DEL
SOLEShares100.78K
TypeSH
Market value$48.96M
14.40%
Sole
100.78K
Shared
0.00
None
0.00
OKLO INC
SOLEShares766.48K
TypeSH
Market value$42.80M
12.59%
Sole
766.48K
Shared
0.00
None
0.00
MAGNA INTL INC
SOLEShares930.40K
TypeSH
Market value$35.97M
10.58%
Sole
930.40K
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares380.10K
TypeSH
Market value$27.94M
8.22%
Sole
380.10K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares993.64K
TypeSH
Market value$25.80M
7.59%
Sole
993.64K
Shared
0.00
None
0.00
THE CIGNA GROUP
SOLEShares72.20K
TypeSH
Market value$23.85M
7.01%
Sole
72.20K
Shared
0.00
None
0.00
BROOKFIELD ASSET MANAGMT LTD
SOLEShares414.10K
TypeSH
Market value$22.91M
6.74%
Sole
414.10K
Shared
0.00
None
0.00
BANK NOVA SCOTIA B C
SOLEShares409.63K
TypeSH
Market value$22.65M
6.66%
Sole
409.63K
Shared
0.00
None
0.00
ELEVANCE HEALTH INC
SOLEShares58.10K
TypeSH
Market value$22.58M
6.64%
Sole
58.10K
Shared
0.00
None
0.00
ARES MANAGEMENT CORPORATION
SOLEShares90.62K
TypeSH
Market value$15.70M
4.62%
Sole
90.62K
Shared
0.00
None
0.00
DANAHER CORPORATION
SOLEShares59.75K
TypeSH
Market value$11.82M
3.48%
Sole
59.75K
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares60.22K
TypeSH
Market value$3.71M
1.09%
Sole
60.22K
Shared
0.00
None
0.00
CARNIVAL CORP
SOLEShares110.70K
TypeSH
Market value$3.02M
0.89%
Sole
110.70K
Shared
0.00
None
0.00
RADNET INC
SOLEShares42K
TypeSH
Market value$2.39M
0.70%
Sole
42K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares12.27K
TypeSH
Market value$1.94M
0.57%
Sole
12.27K
Shared
0.00
None
0.00
CENTRUS ENERGY CORP
SOLEShares11.25K
TypeSH
Market value$1.90M
0.56%
Sole
11.25K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares2.50K
TypeSH
Market value$1.85M
0.54%
Sole
2.50K
Shared
0.00
None
0.00
CAMECO CORP
SOLEShares24K
TypeSH
Market value$1.77M
0.52%
Sole
24K
Shared
0.00
None
0.00
NUSCALE PWR CORP
SOLEShares45K
TypeSH
Market value$1.72M
0.51%
Sole
45K
Shared
0.00
None
0.00
GOLDMAN SACHS GROUP INC
SOLEShares2.25K
TypeSH
Market value$1.59M
0.47%
Sole
2.25K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares7.12K
TypeSH
Market value$1.56M
0.46%
Sole
7.12K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares8.27K
TypeSH
Market value$1.46M
0.43%
Sole
8.27K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2.64K
TypeSH
Market value$1.31M
0.39%
Sole
2.64K
Shared
0.00
None
0.00
APPLE INC
SOLEShares6.13K
TypeSH
Market value$1.26M
0.37%
Sole
6.13K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares3.40K
TypeSH
Market value$1.09M
0.32%
Sole
3.40K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 100.78K | SH | $48.96M 14.40% | 100.78K | 0.00 | 0.00 |
OKLO INCSOLE | COM CL A | 766.48K | SH | $42.80M 12.59% | 766.48K | 0.00 | 0.00 |
MAGNA INTL INCSOLE | COM | 930.40K | SH | $35.97M 10.58% | 930.40K | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 380.10K | SH | $27.94M 8.22% | 380.10K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 993.64K | SH | $25.80M 7.59% | 993.64K | 0.00 | 0.00 |
THE CIGNA GROUPSOLE | COM | 72.20K | SH | $23.85M 7.01% | 72.20K | 0.00 | 0.00 |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 414.10K | SH | $22.91M 6.74% | 414.10K | 0.00 | 0.00 |
BANK NOVA SCOTIA B CSOLE | COM | 409.63K | SH | $22.65M 6.66% | 409.63K | 0.00 | 0.00 |
ELEVANCE HEALTH INCSOLE | COM | 58.10K | SH | $22.58M 6.64% | 58.10K | 0.00 | 0.00 |
ARES MANAGEMENT CORPORATIONSOLE | CL A COM STK | 90.62K | SH | $15.70M 4.62% | 90.62K | 0.00 | 0.00 |
DANAHER CORPORATIONSOLE | COM | 59.75K | SH | $11.82M 3.48% | 59.75K | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 60.22K | SH | $3.71M 1.09% | 60.22K | 0.00 | 0.00 |
CARNIVAL CORPSOLE | COMMON STOCK | 110.70K | SH | $3.02M 0.89% | 110.70K | 0.00 | 0.00 |
RADNET INCSOLE | COM | 42K | SH | $2.39M 0.70% | 42K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 12.27K | SH | $1.94M 0.57% | 12.27K | 0.00 | 0.00 |
CENTRUS ENERGY CORPSOLE | CL A | 11.25K | SH | $1.90M 0.56% | 11.25K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 2.50K | SH | $1.85M 0.54% | 2.50K | 0.00 | 0.00 |
CAMECO CORPSOLE | COM | 24K | SH | $1.77M 0.52% | 24K | 0.00 | 0.00 |
NUSCALE PWR CORPSOLE | CL A COM | 45K | SH | $1.72M 0.51% | 45K | 0.00 | 0.00 |
GOLDMAN SACHS GROUP INCSOLE | COM | 2.25K | SH | $1.59M 0.47% | 2.25K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 7.12K | SH | $1.56M 0.46% | 7.12K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 8.27K | SH | $1.46M 0.43% | 8.27K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2.64K | SH | $1.31M 0.39% | 2.64K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 6.13K | SH | $1.26M 0.37% | 6.13K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 3.40K | SH | $1.09M 0.32% | 3.40K | 0.00 | 0.00 |
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