13F HOLDINGS REPORT
PORTLAND INVESTMENT COUNSEL INC.
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001081668-26-000003
Total Value
$332.1M
Positions
53
Other Managers
0
Confidential Omitted
No
Holdings (53)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 104,083 | $52.4M | 15.78% |
| 2 | OKLO INC | OKLO | 622,830 | $44.6M | 13.44% |
| 3 | VERIZON COMMUNICATIONS INC | VZ | 865,000 | $35.2M | 10.61% |
| 4 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 421,200 | $22.2M | 6.68% |
| 5 | SOUTH BOW CORP | SOBO | 751,044 | $20.7M | 6.22% |
| 6 | ELEVANCE HEALTH INC | ELV | 58,100 | $20.4M | 6.13% |
| 7 | THE CIGNA GROUP | 125523100 | 72,200 | $19.9M | 5.98% |
| 8 | TORONTO DOMINION BK ONT | TORO | 192,000 | $18.1M | 5.45% |
| 9 | ARES MANAGEMENT CORPORATION | ARES-PB | 95,724 | $15.6M | 4.70% |
| 10 | DANAHER CORPORATION | 235851102 | 62,654 | $14.4M | 4.35% |
| 11 | MOSAIC CO NEW | MOS | 541,202 | $13.0M | 3.93% |
| 12 | BROOKFIELD CORP | 11271J107 | 105,728 | $4.9M | 1.47% |
| 13 | CARNIVAL CORP | CUKPF | 139,602 | $4.3M | 1.29% |
| 14 | RADNET INC | RDNT | 42,000 | $3.0M | 0.90% |
| 15 | CAMECO CORP | CCJ | 30,000 | $2.7M | 0.83% |
| 16 | CENTRUS ENERGY CORP | LEU | 11,250 | $2.7M | 0.82% |
| 17 | SPDR SER TR | 78468R663 | 29,821 | $2.7M | 0.82% |
| 18 | ALPHABET INC | GOOG | 6,837 | $2.1M | 0.65% |
| 19 | TELIX PHARMACEUTICAL LTD | TLPPF | 266,200 | $2.1M | 0.62% |
| 20 | META PLATFORMS INC | META | 2,991 | $2.0M | 0.60% |
| 21 | GOLDMAN SACHS GROUP INC | GSCE | 2,251 | $2.0M | 0.60% |
| 22 | NVIDIA CORPORATION | NVDA | 10,330 | $1.9M | 0.58% |
| 23 | APPLE INC | AAPL | 6,134 | $1.7M | 0.50% |
| 24 | AMAZON COM INC | AMZN | 7,120 | $1.7M | 0.50% |
| 25 | BLOOM ENERGY CORP | BE | 18,000 | $1.6M | 0.47% |
| 26 | MICROSOFT CORP | MSFT | 2,637 | $1.3M | 0.39% |
| 27 | ELI LILLY & CO | LLY | 1,167 | $1.3M | 0.38% |
| 28 | OLEMA PHARMACEUTICALS INC | OLMA | 50,000 | $1.3M | 0.38% |
| 29 | BWX TECHNOLOGIES INC | BWXT | 7,000 | $1.2M | 0.36% |
| 30 | CONSTELLATION ENERGY CORP | CEG | 3,400 | $1.2M | 0.36% |
| 31 | LANTHEUS HLDGS INC | LNTH | 18,000 | $1.2M | 0.36% |
| 32 | NUSCALE PWR CORP | NU | 70,000 | $991,900 | 0.30% |
| 33 | GE VERNOVA INC | GEV | 1,500 | $980,355 | 0.30% |
| 34 | JPMORGAN CHASE & CO | VYLD | 3,000 | $970,260 | 0.29% |
| 35 | BAYTEX ENERGY CORP | BTE | 280,300 | $911,553 | 0.27% |
| 36 | BEONE MEDICINES LTD | BEIGF | 3,000 | $911,430 | 0.27% |
| 37 | UNITED PARCEL SERVICE INC | UPS | 9,100 | $902,629 | 0.27% |
| 38 | SALESFORCE INC | CRM | 3,116 | $828,607 | 0.25% |
| 39 | MASTERCARD INCORPORATED | MA | 1,363 | $787,023 | 0.24% |
| 40 | HEICO CORP | HEI-A | 2,244 | $736,615 | 0.22% |
| 41 | COINBASE GLOBAL INC | COIN | 3,137 | $726,529 | 0.22% |
| 42 | PERSPECTIVE THERAPEUTICS INC | CATX | 250,000 | $687,500 | 0.21% |
| 43 | LIBERTY LATIN AMERICA LTD | LILAB | 82,703 | $618,618 | 0.19% |
| 44 | ICON PLC | ICLR | 3,000 | $546,660 | 0.16% |
| 45 | LIBERTY LATIN AMERICA LTD | LILAB | 71,100 | $526,140 | 0.16% |
| 46 | AMGEN INC | AMGN | 1,500 | $490,965 | 0.15% |
| 47 | IOVANCE BIOTHERAPEUTICS INC | IOVA | 130,000 | $354,900 | 0.11% |
| 48 | NUVALENT INC | NUVL | 2,000 | $201,180 | 0.06% |
| 49 | SCHRODINGER INC | SDGR | 10,000 | $178,800 | 0.05% |
| 50 | ARVINAS INC | ARVN | 14,000 | $166,040 | 0.05% |
| 51 | BICYCLE THERAPEUTICS PLC | BCYC | 15,000 | $106,200 | 0.03% |
| 52 | PLUG POWER INC | PLUG | 50,000 | $98,500 | 0.03% |
| 53 | RELAY THERAPEUTICS INC | RLAY | 10,000 | $84,600 | 0.03% |