Filed: 2/12/2026ACC: 0001081668-26-000003
📋 What this filing means
PORTLAND INVESTMENT COUNSEL INC. filed this quarterly 13F‑HR report disclosing 53 equity positions with a total reported market value of $332.10M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
53
Positions
$332.10M
Total AUM (reported)
5.56M
Total Shares
Allocation by class
COM$151.50M45.6%
CL B NEW$52.41M15.8%
COM CL A$47.44M14.3%
CL A LMT VTG SHS$22.19M6.7%
COM NEW$18.19M5.5%
CL A COM STK$15.59M4.7%
CL A$5.51M1.7%
Portfolio Concentration
Top 3$132.27M39.8%
4–10$131.21M39.5%
11–25$48.41M14.6%
Rest$20.21M6.1%
Top 3 weight
39.8%
Top 10 weight
79.3%
Voting Authority Distribution
Total shares with voting rights: 5.56M
Sole
Full voting authority
5.56M
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)
Sole53
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings53
Rows:
BERKSHIRE HATHAWAY INC DEL
SOLEShares104.08K
TypeSH
Market value$52.41M
15.78%
Sole
104.08K
Shared
0.00
None
0.00
OKLO INC
SOLEShares622.83K
TypeSH
Market value$44.63M
13.44%
Sole
622.83K
Shared
0.00
None
0.00
VERIZON COMMUNICATIONS INC
SOLEShares865K
TypeSH
Market value$35.23M
10.61%
Sole
865K
Shared
0.00
None
0.00
BROOKFIELD ASSET MANAGMT LTD
SOLEShares421.20K
TypeSH
Market value$22.19M
6.68%
Sole
421.20K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares751.04K
TypeSH
Market value$20.66M
6.22%
Sole
751.04K
Shared
0.00
None
0.00
ELEVANCE HEALTH INC
SOLEShares58.10K
TypeSH
Market value$20.37M
6.13%
Sole
58.10K
Shared
0.00
None
0.00
THE CIGNA GROUP
SOLEShares72.20K
TypeSH
Market value$19.87M
5.98%
Sole
72.20K
Shared
0.00
None
0.00
TORONTO DOMINION BK ONT
SOLEShares192K
TypeSH
Market value$18.10M
5.45%
Sole
192K
Shared
0.00
None
0.00
ARES MANAGEMENT CORPORATION
SOLEShares95.72K
TypeSH
Market value$15.59M
4.70%
Sole
95.72K
Shared
0.00
None
0.00
DANAHER CORPORATION
SOLEShares62.65K
TypeSH
Market value$14.43M
4.35%
Sole
62.65K
Shared
0.00
None
0.00
MOSAIC CO NEW
SOLEShares541.20K
TypeSH
Market value$13.04M
3.93%
Sole
541.20K
Shared
0.00
None
0.00
BROOKFIELD CORP
SOLEShares105.73K
TypeSH
Market value$4.87M
1.47%
Sole
105.73K
Shared
0.00
None
0.00
CARNIVAL CORP
SOLEShares139.60K
TypeSH
Market value$4.27M
1.29%
Sole
139.60K
Shared
0.00
None
0.00
RADNET INC
SOLEShares42K
TypeSH
Market value$3.00M
0.90%
Sole
42K
Shared
0.00
None
0.00
CAMECO CORP
SOLEShares30K
TypeSH
Market value$2.75M
0.83%
Sole
30K
Shared
0.00
None
0.00
CENTRUS ENERGY CORP
SOLEShares11.25K
TypeSH
Market value$2.73M
0.82%
Sole
11.25K
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares29.82K
TypeSH
Market value$2.73M
0.82%
Sole
29.82K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares6.84K
TypeSH
Market value$2.15M
0.65%
Sole
6.84K
Shared
0.00
None
0.00
TELIX PHARMACEUTICAL LTD
SOLEShares266.20K
TypeSH
Market value$2.06M
0.62%
Sole
266.20K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares2.99K
TypeSH
Market value$1.99M
0.60%
Sole
2.99K
Shared
0.00
None
0.00
GOLDMAN SACHS GROUP INC
SOLEShares2.25K
TypeSH
Market value$1.99M
0.60%
Sole
2.25K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares10.33K
TypeSH
Market value$1.94M
0.58%
Sole
10.33K
Shared
0.00
None
0.00
APPLE INC
SOLEShares6.13K
TypeSH
Market value$1.68M
0.50%
Sole
6.13K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares7.12K
TypeSH
Market value$1.66M
0.50%
Sole
7.12K
Shared
0.00
None
0.00
BLOOM ENERGY CORP
SOLEShares18K
TypeSH
Market value$1.56M
0.47%
Sole
18K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 104.08K | SH | $52.41M 15.78% | 104.08K | 0.00 | 0.00 |
OKLO INCSOLE | COM CL A | 622.83K | SH | $44.63M 13.44% | 622.83K | 0.00 | 0.00 |
VERIZON COMMUNICATIONS INCSOLE | COM | 865K | SH | $35.23M 10.61% | 865K | 0.00 | 0.00 |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 421.20K | SH | $22.19M 6.68% | 421.20K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 751.04K | SH | $20.66M 6.22% | 751.04K | 0.00 | 0.00 |
ELEVANCE HEALTH INCSOLE | COM | 58.10K | SH | $20.37M 6.13% | 58.10K | 0.00 | 0.00 |
THE CIGNA GROUPSOLE | COM | 72.20K | SH | $19.87M 5.98% | 72.20K | 0.00 | 0.00 |
TORONTO DOMINION BK ONTSOLE | COM NEW | 192K | SH | $18.10M 5.45% | 192K | 0.00 | 0.00 |
ARES MANAGEMENT CORPORATIONSOLE | CL A COM STK | 95.72K | SH | $15.59M 4.70% | 95.72K | 0.00 | 0.00 |
DANAHER CORPORATIONSOLE | COM | 62.65K | SH | $14.43M 4.35% | 62.65K | 0.00 | 0.00 |
MOSAIC CO NEWSOLE | COM | 541.20K | SH | $13.04M 3.93% | 541.20K | 0.00 | 0.00 |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 105.73K | SH | $4.87M 1.47% | 105.73K | 0.00 | 0.00 |
CARNIVAL CORPSOLE | COMMON STOCK | 139.60K | SH | $4.27M 1.29% | 139.60K | 0.00 | 0.00 |
RADNET INCSOLE | COM | 42K | SH | $3.00M 0.90% | 42K | 0.00 | 0.00 |
CAMECO CORPSOLE | COM | 30K | SH | $2.75M 0.83% | 30K | 0.00 | 0.00 |
CENTRUS ENERGY CORPSOLE | CL A | 11.25K | SH | $2.73M 0.82% | 11.25K | 0.00 | 0.00 |
SPDR SER TRSOLE | BLOOMBERG 1-3 MO | 29.82K | SH | $2.73M 0.82% | 29.82K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 6.84K | SH | $2.15M 0.65% | 6.84K | 0.00 | 0.00 |
TELIX PHARMACEUTICAL LTDSOLE | SPONSORED ADS | 266.20K | SH | $2.06M 0.62% | 266.20K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 2.99K | SH | $1.99M 0.60% | 2.99K | 0.00 | 0.00 |
GOLDMAN SACHS GROUP INCSOLE | COM | 2.25K | SH | $1.99M 0.60% | 2.25K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 10.33K | SH | $1.94M 0.58% | 10.33K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 6.13K | SH | $1.68M 0.50% | 6.13K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 7.12K | SH | $1.66M 0.50% | 7.12K | 0.00 | 0.00 |
BLOOM ENERGY CORPSOLE | COM CL A | 18K | SH | $1.56M 0.47% | 18K | 0.00 | 0.00 |
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