13F HOLDINGS REPORT
LOUISBOURG INVESTMENTS INC.
Quarter ended Q1 2025 · Filed April 17, 2025 · Accession 0002053050-25-000006
Total Value
$368.0M
Positions
180
Other Managers
0
Confidential Omitted
No
Holdings (180)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 289,119 | $28.2M | 7.65% |
| 2 | ISHARES CORE S&P 500 ETF | 464287200 | 19,320 | $10.9M | 2.95% |
| 3 | SHOPIFY INC | SHOP | 109,727 | $10.4M | 2.84% |
| 4 | MICROSOFT CORP | MSFT | 31,220 | $9.3M | 2.53% |
| 5 | BANK OF NOVA SCOTIA/THE | 064149107 | 181,753 | $8.6M | 2.34% |
| 6 | TORONTO-DOMINION BANK/THE | TORO | 123,343 | $7.4M | 2.01% |
| 7 | BROOKFIELD CORP | 11271J107 | 139,002 | $7.3M | 1.98% |
| 8 | ALPHABET INC | GOOG | 58,578 | $7.2M | 1.97% |
| 9 | GILDAN ACTIVEWEAR INC | GIL | 162,692 | $7.2M | 1.96% |
| 10 | TSMC | 874039100 | 49,178 | $6.9M | 1.88% |
| 11 | ROGERS COMMUNICATIONS INC | RCIAF | 248,503 | $6.6M | 1.81% |
| 12 | BERKSHIRE HATHAWAY INC | BRK-A | 8 | $6.4M | 1.74% |
| 13 | BECTON DICKINSON & CO | BDX | 36,510 | $6.4M | 1.73% |
| 14 | ISHARES CORE MSCI EAFE ETF | 46432F842 | 81,185 | $6.1M | 1.67% |
| 15 | LIGHTSPEED COMMERCE INC | LSPD | 684,509 | $6.0M | 1.63% |
| 16 | OSISKO GOLD ROYALTIES LTD | 68827L101 | 279,555 | $5.9M | 1.60% |
| 17 | VANGUARD S&P 500 ETF | 922908363 | 11,201 | $5.8M | 1.56% |
| 18 | SALESFORCE INC | CRM | 26,357 | $5.5M | 1.51% |
| 19 | CANADIAN NATURAL RESOURCES LTD | 136385101 | 173,866 | $5.4M | 1.46% |
| 20 | JOHNSON & JOHNSON | JNJ | 40,317 | $5.3M | 1.43% |
| 21 | NUTRIEN LTD | NTR | 105,906 | $5.3M | 1.43% |
| 22 | WHEATON PRECIOUS METALS CORP | WPM | 66,994 | $5.2M | 1.41% |
| 23 | T-MOBILE US INC | TMUSZ | 24,294 | $5.2M | 1.41% |
| 24 | AMAZON.COM INC | AMZN | 33,629 | $5.1M | 1.39% |
| 25 | META PLATFORMS INC | META | 11,291 | $5.0M | 1.35% |
| 26 | STANTEC INC | STN | 59,365 | $4.9M | 1.34% |
| 27 | BROADCOM INC | AVGO | 35,080 | $4.7M | 1.27% |
| 28 | SANDSTORM GOLD LTD | 80013R206 | 599,282 | $4.5M | 1.23% |
| 29 | UNITED RENTALS INC | URI | 9,158 | $4.5M | 1.22% |
| 30 | CONOCOPHILLIPS | COP | 55,072 | $4.5M | 1.22% |
| 31 | RESTAURANT BRANDS INTERNATIONA | 76131D103 | 66,669 | $4.4M | 1.21% |
| 32 | WILLIS TOWERS WATSON PLC | WTW | 17,671 | $4.4M | 1.21% |
| 33 | COGNIZANT TECHNOLOGY SOLUTIONS | CTSH | 74,636 | $4.4M | 1.20% |
| 34 | WALT DISNEY CO/THE | 254687106 | 54,879 | $4.2M | 1.14% |
| 35 | JACOBS SOLUTIONS INC | J | 44,328 | $4.2M | 1.13% |
| 36 | PEMBINA PIPELINE CORP | PPLOF | 100,655 | $4.0M | 1.10% |
| 37 | TECK RESOURCES LTD | TCKRF | 106,124 | $3.9M | 1.05% |
| 38 | ABBOTT LABORATORIES | ABLZF | 36,374 | $3.8M | 1.02% |
| 39 | COLLIERS INTERNATIONAL GROUP I | 194693107 | 30,795 | $3.7M | 1.01% |
| 40 | AGILENT TECHNOLOGIES INC | A | 40,740 | $3.7M | 1.01% |
| 41 | CBRE GROUP INC | CBRE | 32,555 | $3.5M | 0.95% |
| 42 | ROYAL BANK OF CANADA | 780087102 | 29,977 | $3.4M | 0.92% |
| 43 | KINROSS GOLD CORP | KGCRF | 256,900 | $3.2M | 0.88% |
| 44 | ALAMOS GOLD INC | AGI | 120,500 | $3.2M | 0.88% |
| 45 | IAMGOLD CORP | IAG | 497,800 | $3.1M | 0.85% |
| 46 | SUNCOR ENERGY INC | SU | 78,405 | $3.0M | 0.83% |
| 47 | VISA INC | V | 10,939 | $2.9M | 0.79% |
| 48 | OPEN TEXT CORP | OTEX | 112,465 | $2.8M | 0.77% |
| 49 | DOLLAR TREE INC | DLTR | 49,130 | $2.8M | 0.76% |
| 50 | ACCENTURE PLC | ACN | 10,985 | $2.8M | 0.76% |
| 51 | INVESCO S&P 500 EQUAL WEIGHT E | IVZ | 22,750 | $2.8M | 0.75% |
| 52 | CAE INC | CAE | 112,500 | $2.8M | 0.75% |
| 53 | ORACLE CORP | ORCL-PD | 22,259 | $2.8M | 0.75% |
| 54 | CENTERPOINT ENERGY INC | CNP | 103,553 | $2.7M | 0.74% |
| 55 | VANGUARD FTSE EMERGING MARKETS | 922042858 | 59,796 | $2.7M | 0.74% |
| 56 | MCDONALD'S CORP | MCD | 10,287 | $2.7M | 0.73% |
| 57 | BANK OF NEW YORK MELLON CORP/T | 064058100 | 43,523 | $2.6M | 0.71% |
| 58 | TRANSALTA CORP | TACPF | 267,100 | $2.5M | 0.68% |
| 59 | BROOKFIELD ASSET MANAGEMENT LT | 113004105 | 50,152 | $2.4M | 0.66% |
| 60 | UNION PACIFIC CORP | UNP | 12,798 | $2.4M | 0.65% |
| 61 | CANADIAN PACIFIC KANSAS CITY L | CP | 32,773 | $2.3M | 0.63% |
| 62 | FORTIS INC/CANADA | FTRSF | 49,308 | $2.2M | 0.61% |
| 63 | DOCEBO INC | DCBO | 76,672 | $2.2M | 0.60% |
| 64 | GREENFIRE RESOURCES LTD | 39525U107 | 371,979 | $2.2M | 0.60% |
| 65 | ENTEGRIS INC | ENTG | 31,640 | $2.2M | 0.60% |
| 66 | ULTA BEAUTY INC | ULTA | 7,777 | $2.1M | 0.57% |
| 67 | OTIS WORLDWIDE CORP | OTIS | 23,891 | $2.1M | 0.57% |
| 68 | COSTCO WHOLESALE CORP | 22160K105 | 2,200 | $2.1M | 0.57% |
| 69 | CELESTICA INC | CLS | 26,000 | $2.1M | 0.56% |
| 70 | ROSS STORES INC | ROST | 19,610 | $1.9M | 0.53% |
| 71 | KKR & CO INC | KKRT | 21,352 | $1.9M | 0.51% |
| 72 | DOLLAR GENERAL CORP | 256677105 | 29,262 | $1.9M | 0.50% |
| 73 | DESCARTES SYSTEMS GROUP INC/TH | 249906108 | 18,335 | $1.8M | 0.50% |
| 74 | CGI INC | GIB | 17,476 | $1.7M | 0.47% |
| 75 | HOME DEPOT INC/THE | HD | 4,100 | $1.5M | 0.41% |
| 76 | WALMART INC | WMT | 17,045 | $1.5M | 0.41% |
| 77 | WELLS FARGO & CO | 949746101 | 28,844 | $1.5M | 0.40% |
| 78 | MARSH & MCLENNAN COS INC | 571748102 | 8,179 | $1.4M | 0.38% |
| 79 | SHELL PLC | RYDAF | 18,290 | $1.3M | 0.36% |
| 80 | GOLDMAN SACHS GROUP INC/THE | GSCE | 3,304 | $1.3M | 0.35% |
| 81 | TJX COS INC/THE | 872540109 | 10,500 | $1.3M | 0.35% |
| 82 | SAP SE | SAPGF | 4,180 | $1.1M | 0.30% |
| 83 | KLA CORP | KLAC | 2,186 | $1.0M | 0.28% |
| 84 | ALPHABET INC | GOOG | 6,185 | $956,448 | 0.26% |
| 85 | NETFLIX INC | NFLX | 1,106 | $927,770 | 0.25% |
| 86 | THOMSON REUTERS CORP | TMSOF | 4,960 | $856,789 | 0.23% |
| 87 | ISHARES GLOBAL INFRASTRUCTURE | 464288372 | 15,657 | $855,968 | 0.23% |
| 88 | BANK OF MONTREAL | 063671101 | 8,428 | $805,631 | 0.22% |
| 89 | ASML HOLDING NV | ASMLF | 1,200 | $795,156 | 0.22% |
| 90 | ENBRIDGE INC | ENNPF | 15,761 | $698,260 | 0.19% |
| 91 | BP PLC | BPPFF | 19,680 | $664,987 | 0.18% |
| 92 | BOSTON SCIENTIFIC CORP | BSX | 8,530 | $664,132 | 0.18% |
| 93 | BERKSHIRE HATHAWAY INC | BRK-A | 1,218 | $648,682 | 0.18% |
| 94 | MITSUBISHI UFJ FINANCIAL GROUP | 606822104 | 45,310 | $617,575 | 0.17% |
| 95 | RIO TINTO PLC | RTNTF | 9,680 | $581,574 | 0.16% |
| 96 | BHP GROUP LTD | BHPLF | 11,080 | $537,823 | 0.15% |
| 97 | AMGEN INC | AMGN | 1,700 | $529,635 | 0.14% |
| 98 | TC ENERGY CORP | TRPRF | 10,975 | $518,824 | 0.14% |
| 99 | VANGUARD FTSE DEVELOPED MARKET | 921943858 | 10,000 | $508,300 | 0.14% |
| 100 | APPLE INC | AAPL | 2,640 | $485,000 | 0.13% |
| 101 | TOTALENERGIES SE | TTE | 7,240 | $468,356 | 0.13% |
| 102 | TELUS CORP | TU | 31,336 | $449,899 | 0.12% |
| 103 | NVIDIA CORP | NVDA | 4,150 | $449,777 | 0.12% |
| 104 | SUMITOMO MITSUI FINANCIAL GROU | 86562M209 | 26,652 | $412,040 | 0.11% |
| 105 | SPDR S&P 500 ETF TRUST | SPY | 696 | $389,335 | 0.11% |
| 106 | MANULIFE FINANCIAL CORP | 56501R106 | 12,393 | $386,548 | 0.11% |
| 107 | TOYOTA MOTOR CORP | TOYOF | 2,140 | $377,774 | 0.10% |
| 108 | ABBVIE INC | ABBV | 1,395 | $292,280 | 0.08% |
| 109 | NIKE INC | NKE | 4,500 | $285,660 | 0.08% |
| 110 | LEIDOS HOLDINGS INC | LDOS | 1,575 | $212,531 | 0.06% |
| 111 | PAYCHEX INC | PAYX | 1,200 | $185,136 | 0.05% |
| 112 | CENCORA INC | COR | 600 | $166,854 | 0.05% |
| 113 | CHECK POINT SOFTWARE TECHNOLOG | M22465104 | 611 | $139,259 | 0.04% |
| 114 | ENTERGY CORP | ENO | 1,400 | $119,686 | 0.03% |
| 115 | GRANITE REAL ESTATE INVESTMENT | 387437205 | 2,400 | $111,937 | 0.03% |
| 116 | O'REILLY AUTOMOTIVE INC | 67103H107 | 69 | $98,848 | 0.03% |
| 117 | DUKE ENERGY CORP | DUKB | 800 | $97,576 | 0.03% |
| 118 | RTX CORP | RTX | 635 | $84,112 | 0.02% |
| 119 | CHEVRON CORP | CVX | 500 | $83,645 | 0.02% |
| 120 | LOCKHEED MARTIN CORP | LMT | 175 | $78,174 | 0.02% |
| 121 | IBM | INTR | 290 | $72,111 | 0.02% |
| 122 | SUN LIFE FINANCIAL INC | SUNFF | 1,067 | $61,128 | 0.02% |
| 123 | BROOKFIELD INFRASTRUCTURE PART | G16252101 | 1,958 | $58,307 | 0.02% |
| 124 | ALTRIA GROUP INC | MO | 860 | $51,617 | 0.01% |
| 125 | WASTE CONNECTIONS INC | WCN | 240 | $46,826 | 0.01% |
| 126 | BCE INC | BCPPF | 1,879 | $43,172 | 0.01% |
| 127 | PFIZER INC | PFE | 1,700 | $43,078 | 0.01% |
| 128 | MERCK & CO INC | MRK | 402 | $36,084 | 0.01% |
| 129 | REPUBLIC SERVICES INC | 760759100 | 148 | $35,840 | 0.01% |
| 130 | BARRICK GOLD CORP | 067901108 | 1,825 | $35,469 | 0.01% |
| 131 | AUTOMATIC DATA PROCESSING INC | ADP | 106 | $32,386 | 0.01% |
| 132 | CISCO SYSTEMS INC | CSCO | 515 | $31,781 | 0.01% |
| 133 | VERISIGN INC | VRSN | 123 | $31,226 | 0.01% |
| 134 | SOUTH BOW CORP | SOBO | 1,195 | $30,557 | 0.01% |
| 135 | YUM! BRANDS INC | YUM | 194 | $30,528 | 0.01% |
| 136 | AUTOZONE INC | AZO | 8 | $30,502 | 0.01% |
| 137 | MOTOROLA SOLUTIONS INC | MSI | 68 | $29,771 | 0.01% |
| 138 | WASTE MANAGEMENT INC | 94106L109 | 123 | $28,476 | 0.01% |
| 139 | ROYALTY PHARMA PLC | RPRX | 905 | $28,173 | 0.01% |
| 140 | LINDE PLC | LIN | 60 | $27,938 | 0.01% |
| 141 | ROPER TECHNOLOGIES INC | ROP | 47 | $27,710 | 0.01% |
| 142 | NEWMONT CORP | NEMCL | 541 | $26,136 | 0.01% |
| 143 | COLGATE-PALMOLIVE CO | CL | 264 | $24,737 | 0.01% |
| 144 | VERISK ANALYTICS INC | VRSK | 83 | $24,702 | 0.01% |
| 145 | KIMBERLY-CLARK CORP | KMB | 170 | $24,177 | 0.01% |
| 146 | MASTERCARD INC | MA | 44 | $24,117 | 0.01% |
| 147 | ILLINOIS TOOL WORKS INC | 452308109 | 91 | $22,569 | 0.01% |
| 148 | GENERAL MILLS INC | 370334104 | 362 | $21,644 | 0.01% |
| 149 | NEXTERA ENERGY INC | NEE-PW | 240 | $17,014 | 0.00% |
| 150 | OVINTIV INC | OVV | 347 | $14,866 | 0.00% |
| 151 | ISHARES GOLD TRUST | IAU | 200 | $11,790 | 0.00% |
| 152 | CENOVUS ENERGY INC | CVE | 775 | $10,782 | 0.00% |
| 153 | ISHARES SILVER TRUST | SLV | 300 | $9,297 | 0.00% |
| 154 | LITHIUM AMERICAS CORP | LTUM | 2,690 | $7,279 | 0.00% |
| 155 | ISHARES MSCI EAFE ETF | 464287465 | 75 | $6,130 | 0.00% |
| 156 | ORGANIGRAM GLOBAL INC | OGI | 5,000 | $5,113 | 0.00% |
| 157 | FOX CORP | FOX | 90 | $5,094 | 0.00% |
| 158 | HP INC | HPQ | 175 | $4,846 | 0.00% |
| 159 | UNIVERSAL HEALTH SERVICES INC | 913903100 | 25 | $4,698 | 0.00% |
| 160 | ARISTA NETWORKS INC | ANET | 60 | $4,649 | 0.00% |
| 161 | SNDL INC | SNDL | 2,900 | $4,089 | 0.00% |
| 162 | HIVE DIGITAL TECHNOLOGIES LTD | HIVE | 1,673 | $2,444 | 0.00% |
| 163 | BROOKFIELD WEALTH SOLUTIONS LT | BNT | 39 | $2,040 | 0.00% |
| 164 | GOLDMAN SACHS ACTIVEBETA US SM | NVGLF | 30 | $1,903 | 0.00% |
| 165 | MODERNA INC | MRNA | 62 | $1,758 | 0.00% |
| 166 | CHARLES RIVER LABORATORIES INT | 159864107 | 10 | $1,505 | 0.00% |
| 167 | DENTSPLY SIRONA INC | XRAY | 100 | $1,494 | 0.00% |
| 168 | APPLIED MATERIALS INC | 038222105 | 10 | $1,451 | 0.00% |
| 169 | INTEL CORP | INTC | 60 | $1,363 | 0.00% |
| 170 | WESTINGHOUSE AIR BRAKE TECHNOL | 929740108 | 4 | $725 | 0.00% |
| 171 | METHANEX CORP | MEOH | 20 | $702 | 0.00% |
| 172 | BROOKFIELD INFRASTRUCTURE CORP | BIPC | 12 | $434 | 0.00% |
| 173 | PAYPAL HOLDINGS INC | PYPL | 5 | $326 | 0.00% |
| 174 | MIND MEDICINE MINDMED INC | 60255C885 | 52 | $304 | 0.00% |
| 175 | EMBECTA CORP | EMBC | 17 | $217 | 0.00% |
| 176 | VIATRIS INC | VTRS | 12 | $105 | 0.00% |
| 177 | WYNN RESORTS LTD | WYNN | 1 | $84 | 0.00% |
| 178 | ZIMVIE INC | 98888T107 | 7 | $76 | 0.00% |
| 179 | MGM RESORTS INTERNATIONAL | MGM | 1 | $30 | 0.00% |
| 180 | CANOPY GROWTH CORP | CGC | 2 | $2 | 0.00% |