Institutional
PORTLAND INVESTMENT COUNSEL INC.
CIK 0001081668
$311.6M
Reported AUM
55
Positions
Q1 2026
Period
2026-05-14
Filed
The Brief · PORTLAND INVESTMENT COUNSEL INC. · Q1 2026
AI · grounded in 13F
PORTLAND INVESTMENT COUNSEL INC. closed its position in MOSAIC CO NEW MOS, reducing its exposure by $13.04M. The fund established a new position in BANK NOVA SCOTIA B C BNS worth $2.62M and added REGENERON PHARMACEUTICALS REGN to the portfolio with a $505,307 investment. Additionally, the fund increased its share count in JPMORGAN CHASE & CO JPM by 91.73% and BWX TECHNOLOGIES INC BWXT by 42.86%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BRK/B | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | $50.3M | 16.13% | +794 | +0.8% |
| 2 | VZ | VERIZON COMMUNICATIONS INC | $45.37 | 1.11% | 10.56% | 10.94% | $43.4M | 13.93% | — | HELD |
| 3 | SOBO | SOUTH BOW CORP | $36.86 | -1.52% | 44.86% | 52.44% | $32.3M | 10.36% | +219,017 | +29.2% |
| 4 | OKLO | OKLO INC | $58.09 | -11.16% | 15.51% | 490.95% | $29.2M | 9.38% | −33,350 | −5.4% |
| 5 | CI | THE CIGNA GROUP | $289.48 | 3.14% | -4.76% | 38.30% | $19.3M | 6.18% | — | HELD |
| 6 | BAM | BROOKFIELD ASSET MANAGMT LTD | $46.18 | -1.13% | -16.76% | 82.61% | $18.7M | 6.01% | +1,187 | +0.3% |
| 7 | TD | TORONTO DOMINION BK ONT | $113.16 | -0.52% | 63.73% | 107.71% | $17.9M | 5.75% | — | HELD |
| 8 | ELV | ELEVANCE HEALTH INC | $415.53 | 1.49% | 7.89% | 15.79% | $17.0M | 5.46% | — | HELD |
| 9 | ARES | ARES MANAGEMENT CORPORATION | $125.65 | -3.72% | -25.31% | 103.08% | $13.2M | 4.24% | +25,350 | +26.5% |
| 10 | DHR | DANAHER CORPORATION | $184.30 | -1.25% | -5.33% | -28.54% | $11.9M | 3.81% | — | HELD |
| 11 | BN | BROOKFIELD CORP | $44.60 | -1.00% | 14.26% | 59.83% | $4.6M | 1.46% | +6,935 | +6.6% |
| 12 | CCL1EUR | CARNIVAL CORP | — | — | — | — | $3.6M | 1.16% | — | HELD |
| 13 | CCJ | CAMECO CORP | $103.44 | -9.28% | 71.53% | 488.33% | $3.5M | 1.13% | +2,500 | +8.3% |
| 14 | BNS | BANK NOVA SCOTIA B C | $80.56 | -1.02% | 51.66% | 65.08% | $2.6M | 0.84% | +37,800 | NEW |
| 15 | LEU | CENTRUS ENERGY CORP | $161.78 | -13.34% | 13.05% | 597.63% | $2.6M | 0.82% | +3,500 | +31.1% |
| 16 | TLX | TELIX PHARMACEUTICAL LTD | $9.30 | -2.52% | -44.54% | -39.61% | $2.5M | 0.82% | — | HELD |
| 17 | BE | BLOOM ENERGY CORP | $263.61 | -9.53% | 1110.33% | 1109.22% | $2.4M | 0.78% | — | HELD |
| 18 | RDNT | RADNET INC | $54.34 | 2.90% | -7.35% | 47.90% | $2.3M | 0.75% | — | HELD |
| 19 | BWXT | BWX TECHNOLOGIES INC | $185.95 | -2.52% | 44.15% | 242.83% | $2.0M | 0.66% | +3,000 | +42.9% |
| 20 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | 44.92% | 955.49% | $2.0M | 0.63% | +970 | +9.4% |
| 21 | GOOGL | ALPHABET INC | $368.53 | -0.98% | 112.92% | 175.80% | $2.0M | 0.63% | −50 | −0.7% |
| 22 | GS | GOLDMAN SACHS GROUP INC | $1038.68 | -4.94% | 72.57% | 212.75% | $1.9M | 0.62% | +27 | +1.2% |
| 23 | AAPL | APPLE INC | $307.34 | -1.25% | 51.31% | 116.17% | $1.9M | 0.61% | +1,401 | +22.8% |
| 24 | META | META PLATFORMS INC | $593.00 | -5.51% | -14.74% | 67.74% | $1.9M | 0.60% | +266 | +8.9% |
| 25 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | $1.8M | 0.59% | +1,705 | +23.9% |
| 26 | JPM | JPMORGAN CHASE & CO | $312.37 | 0.48% | 19.84% | 133.52% | $1.7M | 0.54% | +2,752 | +91.7% |
| 27 | BIL | SPDR SER TR | $91.45 | 0.04% | 4.23% | 18.33% | $1.4M | 0.46% | −14,047 | −47.1% |
| 28 | LNTH | LANTHEUS HLDGS INC | $100.98 | -1.79% | 23.83% | 285.86% | $1.4M | 0.44% | — | HELD |
| 29 | LLY | ELI LILLY & CO | $1131.42 | 0.55% | 48.00% | 387.10% | $1.3M | 0.43% | +291 | +24.9% |
| 30 | GEV | GE VERNOVA INC | $933.61 | -3.09% | 92.92% | 509.64% | $1.3M | 0.42% | — | HELD |
| 31 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | — | — | $1.2M | 0.39% | +642 | +24.3% |
| 32 | SMR | NUSCALE PWR CORP | $10.50 | -12.50% | — | — | $1.1M | 0.37% | +35,000 | +50.0% |
| 33 | ISREUR | PERSPECTIVE THERAPEUTICS INC | — | — | — | — | $1.0M | 0.33% | — | HELD |
| 34 | CEG | CONSTELLATION ENERGY CORP | $254.83 | -3.69% | — | — | $949K | 0.30% | — | HELD |
| 35 | UPS | UNITED PARCEL SERVICE INC | $108.54 | -1.52% | — | — | $895K | 0.29% | — | HELD |
| 36 | ONC | BEONE MEDICINES LTD | $270.10 | -3.51% | — | — | $891K | 0.29% | — | HELD |
| 37 | MA | MASTERCARD INCORPORATED | $491.08 | 1.93% | — | — | $840K | 0.27% | +319 | +23.4% |
| 38 | HEI | HEICO CORP | $331.43 | -0.46% | — | — | $766K | 0.25% | +548 | +24.4% |
| 39 | OLMA | OLEMA PHARMACEUTICALS INC | $10.31 | -3.46% | — | — | $746K | 0.24% | — | HELD |
| 40 | CRM | SALESFORCE INC | $185.66 | -1.64% | — | — | $723K | 0.23% | +759 | +24.4% |
| 41 | COIN | COINBASE GLOBAL INC | $152.40 | -7.15% | — | — | $682K | 0.22% | +768 | +24.5% |
| 42 | AMGN | AMGEN INC | $349.58 | 1.15% | — | — | $528K | 0.17% | — | HELD |
| 43 | REGN | REGENERON PHARMACEUTICALS | $635.45 | 1.07% | — | — | $505K | 0.16% | +654 | NEW |
| 44 | IOVA | IOVANCE BIOTHERAPEUTICS INC | $4.23 | -3.42% | — | — | $456K | 0.15% | — | HELD |
| 45 | ICLR | ICON PLC | $149.45 | -2.19% | — | — | $332K | 0.11% | — | HELD |
| 46 | PANW | PALO ALTO NETWORKS INC | $272.05 | -2.58% | — | — | $288K | 0.09% | +1,796 | NEW |
| 47 | CRWD | CROWDSTRIKE HLDGS INC | $671.02 | -6.68% | — | — | $280K | 0.09% | +716 | NEW |
| 48 | PLTR | PALANTIR TECHNOLOGIES INC | $135.53 | -4.35% | — | — | $277K | 0.09% | +1,895 | NEW |
| 49 | ZS | ZSCALER INC | $130.78 | -3.31% | — | — | $236K | 0.08% | +1,679 | NEW |
| 50 | NUVL | NUVALENT INC | $90.95 | -3.27% | — | — | $205K | 0.07% | — | HELD |
| 51 | ARVN | ARVINAS INC | $7.42 | -4.13% | — | — | $148K | 0.05% | — | HELD |
| 52 | SDGR | SCHRODINGER INC | $14.38 | -9.27% | — | — | $114K | 0.04% | — | HELD |
| 53 | PLUG | PLUG POWER INC | $3.22 | -10.56% | — | — | $113K | 0.04% | — | HELD |
| 54 | RLAY | RELAY THERAPEUTICS INC | $13.52 | -7.02% | — | — | $100K | 0.03% | — | HELD |
| 55 | BCYC | BICYCLE THERAPEUTICS PLC | $4.20 | -1.64% | — | — | $70K | 0.02% | — | HELD |
| 56 | MOS | MOSAIC CO NEW | $22.24 | -2.88% | — | — | — | — | −541,202 | EXITED |
| 57 | BTE | BAYTEX ENERGY CORP | $4.76 | -6.30% | — | — | — | — | −280,300 | EXITED |
| 58 | LILAK | LIBERTY LATIN AMERICA LTD | $7.61 | 0.53% | — | — | — | — | −82,703 | EXITED |
| 59 | LILA | LIBERTY LATIN AMERICA LTD | $7.56 | 0.93% | — | — | — | — | −71,100 | EXITED |
Source: SEC EDGAR · accession 0001081668-26-000007. 13F discloses long positions only — shorts, foreign equities, and options are excluded.