Q3 2025 · 13F-HR
PORTLAND INVESTMENT COUNSEL INC.holdings as filed
Filed 2025-11-13 · accession 0001081668-25-000014
$365.4M
Reported value
52
Positions
2025-09-30
Period end
The Brief · PORTLAND INVESTMENT COUNSEL INC. · Q3 2025
AI · grounded in 13F
PORTLAND INVESTMENT COUNSEL INC. established a new position in OKLO valued at $85.6M. The fund also initiated new stakes in BRK/B for $50.7M and BNS for $26.5M. Additional new positions include BAM at $23.5M and TD at $22.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02156V109 | OKLO | OKLO INC | $85.6M | 23.4% | 766,480 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $50.7M | 13.9% | 100,783 | Common | SOLE |
| 064149107 | BNS | BANK NOVA SCOTIA B C | $26.5M | 7.25% | 409,629 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $23.5M | 6.44% | 414,100 | Common | SOLE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $22.5M | 6.16% | 281,700 | Common | SOLE |
| 83671M105 | SOBO | SOUTH BOW CORP | $21.3M | 5.82% | 751,044 | Common | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $20.9M | 5.73% | 442,068 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $20.8M | 5.70% | 72,200 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $18.8M | 5.14% | 58,100 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $14.5M | 3.97% | 90,624 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $11.8M | 3.24% | 59,754 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $4.1M | 1.13% | 60,219 | Common | SOLE |
| 15643U104 | LEU | CENTRUS ENERGY CORP | $3.5M | 0.95% | 11,250 | Common | SOLE |
| 750491102 | RDNT | RADNET INC | $3.2M | 0.88% | 42,000 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $3.2M | 0.88% | 110,702 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $2.3M | 0.63% | 12,271 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $2.0M | 0.55% | 24,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $2.0M | 0.55% | 8,266 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $1.8M | 0.49% | 2,251 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $1.7M | 0.45% | 2,250 | Common | SOLE |
| 67079K100 | SMR | NUSCALE PWR CORP | $1.6M | 0.44% | 45,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.6M | 0.43% | 7,120 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $1.6M | 0.43% | 6,134 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $1.5M | 0.42% | 18,000 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $1.4M | 0.37% | 2,637 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $1.3M | 0.35% | 7,000 | Common | SOLE |
| 87961M105 | TLX | TELIX PHARMACEUTICAL LTD | $1.2M | 0.34% | 128,000 | Common | SOLE |
| 78468R663 | BIL | SPDR SER TR | $1.1M | 0.31% | 31,821 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $1.1M | 0.31% | 3,400 | Common | SOLE |
| 07725L102 | ONC | BEONE MEDICINES LTD | $1.0M | 0.28% | 3,000 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $946,290 | 0.26% | 3,000 | Common | SOLE |
| 516544103 | LNTH | LANTHEUS HLDGS INC | $923,220 | 0.25% | 18,000 | Common | SOLE |
| 46489V104 | ISREUR | PERSPECTIVE THERAPEUTICS INC | $857,500 | 0.23% | 250,000 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $775,288 | 0.21% | 1,363 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $760,123 | 0.21% | 9,100 | Common | SOLE |
| 422806109 | HEI | HEICO CORP | $724,408 | 0.20% | 2,244 | Common | SOLE |
| G9001E128 | LILAK | LIBERTY LATIN AMERICA LTD | $698,013 | 0.19% | 82,703 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $659,995 | 0.18% | 865 | Common | SOLE |
| 07317Q105 | BTE | BAYTEX ENERGY CORP | $655,818 | 0.18% | 280,300 | Common | SOLE |
| G9001E102 | LILA | LIBERTY LATIN AMERICA LTD | $589,419 | 0.16% | 71,100 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $525,000 | 0.14% | 3,000 | Common | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $515,010 | 0.14% | 1,526 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $498,174 | 0.14% | 2,102 | Common | SOLE |
| 68062P106 | OLMA | OLEMA PHARMACEUTICALS INC | $489,500 | 0.13% | 50,000 | Common | SOLE |
| 031162101 | AMGN | AMGEN INC | $423,300 | 0.12% | 1,500 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $368,940 | 0.10% | 600 | Common | SOLE |
| 462260100 | IOVA | IOVANCE BIOTHERAPEUTICS INC | $282,100 | 0.08% | 130,000 | Common | SOLE |
| 80810D103 | SDGR | SCHRODINGER INC | $200,600 | 0.05% | 10,000 | Common | SOLE |
| 04335A105 | ARVN | ARVINAS INC | $119,280 | 0.03% | 14,000 | Common | SOLE |
| 72919P202 | PLUG | PLUG POWER INC | $116,500 | 0.03% | 50,000 | Common | SOLE |
| 088786108 | BCYC | BICYCLE THERAPEUTICS PLC | $116,100 | 0.03% | 15,000 | Common | SOLE |
| 75943R102 | RLAY | RELAY THERAPEUTICS INC | $52,200 | 0.01% | 10,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.