13F HOLDINGS REPORT
PORTLAND INVESTMENT COUNSEL INC.
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001081668-25-000011
Total Value
$340.0M
Positions
48
Other Managers
0
Confidential Omitted
No
Holdings (48)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 100,783 | $49.0M | 14.40% |
| 2 | OKLO INC | OKLO | 766,480 | $42.8M | 12.59% |
| 3 | MAGNA INTL INC | 559222401 | 930,400 | $36.0M | 10.58% |
| 4 | TORONTO DOMINION BK ONT | TORO | 380,100 | $27.9M | 8.22% |
| 5 | SOUTH BOW CORP | SOBO | 993,644 | $25.8M | 7.59% |
| 6 | THE CIGNA GROUP | 125523100 | 72,200 | $23.9M | 7.01% |
| 7 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 414,100 | $22.9M | 6.74% |
| 8 | BANK NOVA SCOTIA B C | 064149107 | 409,629 | $22.6M | 6.66% |
| 9 | ELEVANCE HEALTH INC | ELV | 58,100 | $22.6M | 6.64% |
| 10 | ARES MANAGEMENT CORPORATION | ARES-PB | 90,624 | $15.7M | 4.62% |
| 11 | DANAHER CORPORATION | 235851102 | 59,754 | $11.8M | 3.48% |
| 12 | BROOKFIELD CORP | 11271J107 | 60,219 | $3.7M | 1.09% |
| 13 | CARNIVAL CORP | CUKPF | 110,702 | $3.0M | 0.89% |
| 14 | RADNET INC | RDNT | 42,000 | $2.4M | 0.70% |
| 15 | NVIDIA CORPORATION | NVDA | 12,271 | $1.9M | 0.57% |
| 16 | CENTRUS ENERGY CORP | LEU | 11,250 | $1.9M | 0.56% |
| 17 | META PLATFORMS INC | META | 2,500 | $1.8M | 0.54% |
| 18 | CAMECO CORP | CCJ | 24,000 | $1.8M | 0.52% |
| 19 | NUSCALE PWR CORP | NU | 45,000 | $1.7M | 0.51% |
| 20 | GOLDMAN SACHS GROUP INC | GSCE | 2,251 | $1.6M | 0.47% |
| 21 | AMAZON COM INC | AMZN | 7,120 | $1.6M | 0.46% |
| 22 | ALPHABET INC | GOOG | 8,266 | $1.5M | 0.43% |
| 23 | MICROSOFT CORP | MSFT | 2,637 | $1.3M | 0.39% |
| 24 | APPLE INC | AAPL | 6,134 | $1.3M | 0.37% |
| 25 | CONSTELLATION ENERGY CORP | CEG | 3,400 | $1.1M | 0.32% |
| 26 | LANTHEUS HLDGS INC | LNTH | 13,000 | $1.1M | 0.31% |
| 27 | BWX TECHNOLOGIES INC | BWXT | 7,000 | $1.0M | 0.29% |
| 28 | LIBERTY LATIN AMERICA LTD | LILAB | 153,803 | $948,123 | 0.28% |
| 29 | PERSPECTIVE THERAPEUTICS INC | CATX | 250,000 | $940,000 | 0.28% |
| 30 | UNITED PARCEL SERVICE INC | UPS | 9,100 | $920,738 | 0.27% |
| 31 | SPDR SER TR | 78468R663 | 9,789 | $897,863 | 0.26% |
| 32 | JPMORGAN CHASE & CO | VYLD | 3,000 | $869,730 | 0.26% |
| 33 | MASTERCARD INCORPORATED | MA | 1,363 | $765,924 | 0.23% |
| 34 | HEICO CORP | HEI-A | 2,244 | $736,032 | 0.22% |
| 35 | BEIGENE LTD | BEIGF | 3,000 | $723,600 | 0.21% |
| 36 | ELI LILLY & CO | LLY | 865 | $674,293 | 0.20% |
| 37 | BAYTEX ENERGY CORP | BTE | 280,300 | $502,075 | 0.15% |
| 38 | ICON PLC | ICLR | 3,000 | $433,680 | 0.13% |
| 39 | AMGEN INC | AMGN | 1,500 | $415,695 | 0.12% |
| 40 | BLOOM ENERGY CORP | BE | 18,000 | $399,240 | 0.12% |
| 41 | CENOVUS ENERGY INC | CVE | 18,100 | $248,555 | 0.07% |
| 42 | OLEMA PHARMACEUTICALS INC | OLMA | 50,000 | $231,000 | 0.07% |
| 43 | IOVANCE BIOTHERAPEUTICS INC | IOVA | 130,000 | $219,700 | 0.06% |
| 44 | SCHRODINGER INC | SDGR | 10,000 | $206,100 | 0.06% |
| 45 | BICYCLE THERAPEUTICS PLC | BCYC | 15,000 | $108,600 | 0.03% |
| 46 | ARVINAS INC | ARVN | 14,000 | $105,560 | 0.03% |
| 47 | PLUG POWER INC | PLUG | 50,000 | $58,000 | 0.02% |
| 48 | RELAY THERAPEUTICS INC | RLAY | 10,000 | $33,000 | 0.01% |