13F HOLDINGS REPORT
PORTLAND INVESTMENT COUNSEL INC.
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001081668-25-000014
Total Value
$365.4M
Positions
52
Other Managers
0
Confidential Omitted
No
Holdings (52)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | OKLO INC | OKLO | 766,480 | $85.6M | 23.42% |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 100,783 | $50.7M | 13.87% |
| 3 | BANK NOVA SCOTIA B C | 064149107 | 409,629 | $26.5M | 7.25% |
| 4 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 414,100 | $23.5M | 6.44% |
| 5 | TORONTO DOMINION BK ONT | TORO | 281,700 | $22.5M | 6.16% |
| 6 | SOUTH BOW CORP | SOBO | 751,044 | $21.3M | 5.82% |
| 7 | MAGNA INTL INC | 559222401 | 442,068 | $20.9M | 5.73% |
| 8 | THE CIGNA GROUP | 125523100 | 72,200 | $20.8M | 5.70% |
| 9 | ELEVANCE HEALTH INC | ELV | 58,100 | $18.8M | 5.14% |
| 10 | ARES MANAGEMENT CORPORATION | ARES-PB | 90,624 | $14.5M | 3.97% |
| 11 | DANAHER CORPORATION | 235851102 | 59,754 | $11.8M | 3.24% |
| 12 | BROOKFIELD CORP | 11271J107 | 60,219 | $4.1M | 1.13% |
| 13 | CENTRUS ENERGY CORP | LEU | 11,250 | $3.5M | 0.95% |
| 14 | RADNET INC | RDNT | 42,000 | $3.2M | 0.88% |
| 15 | CARNIVAL CORP | CUKPF | 110,702 | $3.2M | 0.88% |
| 16 | NVIDIA CORPORATION | NVDA | 12,271 | $2.3M | 0.63% |
| 17 | CAMECO CORP | CCJ | 24,000 | $2.0M | 0.55% |
| 18 | ALPHABET INC | GOOG | 8,266 | $2.0M | 0.55% |
| 19 | GOLDMAN SACHS GROUP INC | GSCE | 2,251 | $1.8M | 0.49% |
| 20 | META PLATFORMS INC | META | 2,250 | $1.7M | 0.45% |
| 21 | NUSCALE PWR CORP | NU | 45,000 | $1.6M | 0.44% |
| 22 | AMAZON COM INC | AMZN | 7,120 | $1.6M | 0.43% |
| 23 | APPLE INC | AAPL | 6,134 | $1.6M | 0.43% |
| 24 | BLOOM ENERGY CORP | BE | 18,000 | $1.5M | 0.42% |
| 25 | MICROSOFT CORP | MSFT | 2,637 | $1.4M | 0.37% |
| 26 | BWX TECHNOLOGIES INC | BWXT | 7,000 | $1.3M | 0.35% |
| 27 | TELIX PHARMACEUTICAL LTD | TLPPF | 128,000 | $1.2M | 0.34% |
| 28 | SPDR SER TR | 78468R663 | 31,821 | $1.1M | 0.31% |
| 29 | CONSTELLATION ENERGY CORP | CEG | 3,400 | $1.1M | 0.31% |
| 30 | BEONE MEDICINES LTD | BEIGF | 3,000 | $1.0M | 0.28% |
| 31 | JPMORGAN CHASE & CO | VYLD | 3,000 | $946,290 | 0.26% |
| 32 | LANTHEUS HLDGS INC | LNTH | 18,000 | $923,220 | 0.25% |
| 33 | PERSPECTIVE THERAPEUTICS INC | CATX | 250,000 | $857,500 | 0.23% |
| 34 | MASTERCARD INCORPORATED | MA | 1,363 | $775,288 | 0.21% |
| 35 | UNITED PARCEL SERVICE INC | UPS | 9,100 | $760,123 | 0.21% |
| 36 | HEICO CORP | HEI-A | 2,244 | $724,408 | 0.20% |
| 37 | LIBERTY LATIN AMERICA LTD | LILAB | 82,703 | $698,013 | 0.19% |
| 38 | ELI LILLY & CO | LLY | 865 | $659,995 | 0.18% |
| 39 | BAYTEX ENERGY CORP | BTE | 280,300 | $655,818 | 0.18% |
| 40 | LIBERTY LATIN AMERICA LTD | LILAB | 71,100 | $589,419 | 0.16% |
| 41 | ICON PLC | ICLR | 3,000 | $525,000 | 0.14% |
| 42 | COINBASE GLOBAL INC | COIN | 1,526 | $515,010 | 0.14% |
| 43 | SALESFORCE INC | CRM | 2,102 | $498,174 | 0.14% |
| 44 | OLEMA PHARMACEUTICALS INC | OLMA | 50,000 | $489,500 | 0.13% |
| 45 | AMGEN INC | AMGN | 1,500 | $423,300 | 0.12% |
| 46 | GE VERNOVA INC | GEV | 600 | $368,940 | 0.10% |
| 47 | IOVANCE BIOTHERAPEUTICS INC | IOVA | 130,000 | $282,100 | 0.08% |
| 48 | SCHRODINGER INC | SDGR | 10,000 | $200,600 | 0.05% |
| 49 | ARVINAS INC | ARVN | 14,000 | $119,280 | 0.03% |
| 50 | PLUG POWER INC | PLUG | 50,000 | $116,500 | 0.03% |
| 51 | BICYCLE THERAPEUTICS PLC | BCYC | 15,000 | $116,100 | 0.03% |
| 52 | RELAY THERAPEUTICS INC | RLAY | 10,000 | $52,200 | 0.01% |