13F HOLDINGS REPORT
LOUISBOURG INVESTMENTS INC.
Quarter ended Q2 2025 · Filed July 24, 2025 · Accession 0002053050-25-000009
Total Value
$424.3M
Positions
200
Other Managers
0
Confidential Omitted
No
Holdings (200)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 292,414 | $30.4M | 7.17% |
| 2 | MICROSOFT CORP | MSFT | 31,270 | $12.7M | 3.00% |
| 3 | SHOPIFY INC | SHOP | 108,287 | $12.5M | 2.94% |
| 4 | ISHARES CORE S&P 500 ETF | 464287200 | 19,360 | $12.0M | 2.83% |
| 5 | WHEATON PRECIOUS METALS CORP | WPM | 115,846 | $10.4M | 2.45% |
| 6 | ROGERS COMMUNICATIONS INC | RCIAF | 309,985 | $9.2M | 2.16% |
| 7 | OR ROYALTIES INC | OR | 348,831 | $8.9M | 2.11% |
| 8 | TSMC | 874039100 | 45,213 | $8.8M | 2.09% |
| 9 | COLLIERS INTERNATIONAL GROUP I | 194693107 | 60,543 | $7.9M | 1.86% |
| 10 | BROOKFIELD CORP | 11271J107 | 122,846 | $7.6M | 1.79% |
| 11 | ALPHABET INC | GOOG | 50,428 | $7.4M | 1.75% |
| 12 | GILDAN ACTIVEWEAR INC | GIL | 145,316 | $7.1M | 1.68% |
| 13 | ISHARES CORE MSCI EAFE ETF | 46432F842 | 84,484 | $7.1M | 1.66% |
| 14 | AMAZON.COM INC | AMZN | 39,024 | $7.0M | 1.65% |
| 15 | NUTRIEN LTD | NTR | 117,973 | $6.9M | 1.62% |
| 16 | VANGUARD S&P 500 ETF | 922908363 | 11,785 | $6.7M | 1.58% |
| 17 | BECTON DICKINSON & CO | BDX | 49,590 | $6.6M | 1.55% |
| 18 | LIGHTSPEED COMMERCE INC | LSPD | 552,705 | $6.5M | 1.53% |
| 19 | BANK OF NOVA SCOTIA/THE | 064149107 | 117,292 | $6.5M | 1.53% |
| 20 | PEMBINA PIPELINE CORP | PPLOF | 171,325 | $6.4M | 1.51% |
| 21 | META PLATFORMS INC | META | 10,914 | $6.4M | 1.51% |
| 22 | SALESFORCE INC | CRM | 29,157 | $6.4M | 1.50% |
| 23 | BROADCOM INC | AVGO | 26,670 | $6.2M | 1.46% |
| 24 | BERKSHIRE HATHAWAY INC | BRK-A | 8 | $5.8M | 1.37% |
| 25 | CANADIAN NATURAL RESOURCES LTD | 136385101 | 181,202 | $5.7M | 1.34% |
| 26 | TORONTO-DOMINION BANK/THE | TORO | 73,974 | $5.4M | 1.28% |
| 27 | T-MOBILE US INC | TMUSZ | 27,319 | $5.3M | 1.25% |
| 28 | JOHNSON & JOHNSON | JNJ | 42,112 | $5.2M | 1.23% |
| 29 | UNITED RENTALS INC | URI | 8,308 | $5.1M | 1.20% |
| 30 | COGNIZANT TECHNOLOGY SOLUTIONS | CTSH | 80,236 | $5.0M | 1.17% |
| 31 | WALT DISNEY CO/THE | 254687106 | 49,430 | $5.0M | 1.17% |
| 32 | RESTAURANT BRANDS INTERNATIONA | 76131D103 | 74,109 | $4.9M | 1.16% |
| 33 | JACOBS SOLUTIONS INC | J | 44,328 | $4.7M | 1.11% |
| 34 | AGILENT TECHNOLOGIES INC | A | 47,220 | $4.5M | 1.05% |
| 35 | CGI INC | GIB | 42,340 | $4.4M | 1.05% |
| 36 | WILLIS TOWERS WATSON PLC | WTW | 17,671 | $4.2M | 0.99% |
| 37 | CELESTICA INC | CLS | 26,900 | $4.2M | 0.99% |
| 38 | TECK RESOURCES LTD | TCKRF | 98,173 | $4.0M | 0.93% |
| 39 | SANDSTORM GOLD LTD | 80013R206 | 421,282 | $4.0M | 0.93% |
| 40 | CBRE GROUP INC | CBRE | 32,555 | $3.9M | 0.91% |
| 41 | ROYAL BANK OF CANADA | 780087102 | 28,233 | $3.7M | 0.88% |
| 42 | DOLLAR TREE INC | DLTR | 45,160 | $3.5M | 0.83% |
| 43 | ACCENTURE PLC | ACN | 14,085 | $3.5M | 0.82% |
| 44 | FORTIS INC/CANADA | FTRSF | 72,562 | $3.5M | 0.81% |
| 45 | ABBOTT LABORATORIES | ABLZF | 31,544 | $3.4M | 0.81% |
| 46 | NEW GOLD INC | 644535106 | 685,700 | $3.4M | 0.80% |
| 47 | CONOCOPHILLIPS | COP | 48,672 | $3.4M | 0.80% |
| 48 | DESCARTES SYSTEMS GROUP INC/TH | 249906108 | 33,166 | $3.4M | 0.79% |
| 49 | IAMGOLD CORP | IAG | 454,200 | $3.3M | 0.79% |
| 50 | KINROSS GOLD CORP | KGCRF | 211,200 | $3.3M | 0.78% |
| 51 | ATS CORP | ATS | 101,522 | $3.2M | 0.76% |
| 52 | DOCEBO INC | DCBO | 111,672 | $3.2M | 0.76% |
| 53 | INVESCO S&P 500 EQUAL WEIGHT E | IVZ | 23,650 | $3.2M | 0.75% |
| 54 | AGNICO EAGLE MINES LTD | AEM | 26,550 | $3.2M | 0.74% |
| 55 | VANGUARD FTSE EMERGING MARKETS | 922042858 | 62,794 | $3.1M | 0.73% |
| 56 | ORACLE CORP | ORCL-PD | 14,709 | $3.1M | 0.72% |
| 57 | FRANCO-NEVADA CORP | FNV | 18,500 | $3.0M | 0.71% |
| 58 | ROSS STORES INC | ROST | 30,235 | $3.0M | 0.71% |
| 59 | ORLA MINING LTD | 68634K106 | 294,900 | $3.0M | 0.70% |
| 60 | SUNCOR ENERGY INC | SU | 78,394 | $2.9M | 0.69% |
| 61 | KKR & CO INC | KKRT | 28,232 | $2.9M | 0.69% |
| 62 | OPEN TEXT CORP | OTEX | 98,571 | $2.9M | 0.68% |
| 63 | BANK OF NEW YORK MELLON CORP/T | 064058100 | 42,173 | $2.9M | 0.68% |
| 64 | STANTEC INC | STN | 25,826 | $2.8M | 0.66% |
| 65 | VISA INC | V | 9,719 | $2.6M | 0.62% |
| 66 | ALLEGION PLC | ALLE | 21,945 | $2.6M | 0.60% |
| 67 | MCDONALD'S CORP | MCD | 9,992 | $2.5M | 0.59% |
| 68 | UNION PACIFIC CORP | UNP | 12,598 | $2.4M | 0.56% |
| 69 | ULTA BEAUTY INC | ULTA | 6,270 | $2.3M | 0.54% |
| 70 | CANADIAN PACIFIC KANSAS CITY L | CP | 28,709 | $2.3M | 0.54% |
| 71 | DOLLAR GENERAL CORP | 256677105 | 26,102 | $2.3M | 0.53% |
| 72 | COSTCO WHOLESALE CORP | 22160K105 | 2,200 | $2.2M | 0.51% |
| 73 | GREENFIRE RESOURCES LTD | 39525U107 | 483,379 | $2.1M | 0.51% |
| 74 | ENTEGRIS INC | ENTG | 34,825 | $2.1M | 0.50% |
| 75 | CENTERPOINT ENERGY INC | CNP | 71,518 | $2.0M | 0.47% |
| 76 | OTIS WORLDWIDE CORP | OTIS | 21,541 | $1.9M | 0.44% |
| 77 | WELLS FARGO & CO | 949746101 | 28,844 | $1.7M | 0.41% |
| 78 | WALMART INC | WMT | 17,045 | $1.7M | 0.39% |
| 79 | COSTAR GROUP INC | CSGP | 26,530 | $1.7M | 0.39% |
| 80 | KLA CORP | KLAC | 2,186 | $1.6M | 0.37% |
| 81 | HOME DEPOT INC/THE | HD | 4,100 | $1.5M | 0.35% |
| 82 | TJX COS INC/THE | 872540109 | 11,309 | $1.4M | 0.33% |
| 83 | SHELL PLC | RYDAF | 18,290 | $1.3M | 0.30% |
| 84 | SAP SE | SAPGF | 4,180 | $1.3M | 0.30% |
| 85 | ALPHABET INC | GOOG | 5,865 | $1.0M | 0.24% |
| 86 | ISHARES GLOBAL INFRASTRUCTURE | 464288372 | 16,677 | $987,278 | 0.23% |
| 87 | ASML HOLDING NV | ASMLF | 1,200 | $961,668 | 0.23% |
| 88 | BANK OF MONTREAL | 063671101 | 8,428 | $932,251 | 0.22% |
| 89 | THOMSON REUTERS CORP | TMSOF | 4,537 | $910,661 | 0.21% |
| 90 | MARSH & MCLENNAN COS INC | 571748102 | 5,479 | $893,642 | 0.21% |
| 91 | ENBRIDGE INC | ENNPF | 15,208 | $688,334 | 0.16% |
| 92 | NVIDIA CORP | NVDA | 4,255 | $672,247 | 0.16% |
| 93 | BERKSHIRE HATHAWAY INC | BRK-A | 1,329 | $645,588 | 0.15% |
| 94 | MITSUBISHI UFJ FINANCIAL GROUP | 606822104 | 45,310 | $621,653 | 0.15% |
| 95 | BOSTON SCIENTIFIC CORP | BSX | 7,280 | $598,530 | 0.14% |
| 96 | BP PLC | BPPFF | 19,680 | $589,022 | 0.14% |
| 97 | NETFLIX INC | NFLX | 528 | $576,544 | 0.14% |
| 98 | GOLDMAN SACHS GROUP INC/THE | GSCE | 1,084 | $571,412 | 0.13% |
| 99 | VANGUARD FTSE DEVELOPED MARKET | 921943858 | 10,000 | $570,100 | 0.13% |
| 100 | RIO TINTO PLC | RTNTF | 9,680 | $564,634 | 0.13% |
| 101 | TC ENERGY CORP | TRPRF | 10,975 | $534,793 | 0.13% |
| 102 | BHP GROUP LTD | BHPLF | 11,080 | $532,837 | 0.13% |
| 103 | TELUS CORP | TU | 31,336 | $502,322 | 0.12% |
| 104 | AMGEN INC | AMGN | 1,700 | $474,657 | 0.11% |
| 105 | APPLE INC | AAPL | 2,640 | $459,471 | 0.11% |
| 106 | TOTALENERGIES SE | TTE | 7,240 | $444,464 | 0.10% |
| 107 | SPDR S&P 500 ETF TRUST | SPY | 688 | $425,081 | 0.10% |
| 108 | SUMITOMO MITSUI FINANCIAL GROU | 86562M209 | 26,652 | $402,712 | 0.09% |
| 109 | MANULIFE FINANCIAL CORP | 56501R106 | 12,393 | $395,508 | 0.09% |
| 110 | NIKE INC | NKE | 4,500 | $319,680 | 0.08% |
| 111 | EMERA INC | EMRJF | 6,400 | $292,628 | 0.07% |
| 112 | ABBVIE INC | ABBV | 1,395 | $258,940 | 0.06% |
| 113 | PAYCHEX INC | PAYX | 1,200 | $174,552 | 0.04% |
| 114 | IBM | INTR | 518 | $152,696 | 0.04% |
| 115 | QIAGEN NV | QGEN | 3,131 | $150,408 | 0.04% |
| 116 | CBOE GLOBAL MARKETS INC | 12503M108 | 630 | $146,922 | 0.03% |
| 117 | CENCORA INC | COR | 473 | $141,829 | 0.03% |
| 118 | CME GROUP INC | CME | 510 | $140,566 | 0.03% |
| 119 | O'REILLY AUTOMOTIVE INC | 67103H107 | 1,440 | $129,787 | 0.03% |
| 120 | GRANITE REAL ESTATE INVESTMENT | 387437205 | 2,400 | $121,698 | 0.03% |
| 121 | ENTERGY CORP | ENO | 1,400 | $116,368 | 0.03% |
| 122 | DUKE ENERGY CORP | DUKB | 800 | $94,400 | 0.02% |
| 123 | RTX CORP | RTX | 635 | $92,723 | 0.02% |
| 124 | ALTRIA GROUP INC | MO | 1,360 | $79,737 | 0.02% |
| 125 | BROOKFIELD ASSET MANAGEMENT LT | 113004105 | 1,402 | $77,453 | 0.02% |
| 126 | CHEVRON CORP | CVX | 500 | $71,595 | 0.02% |
| 127 | BROOKFIELD INFRASTRUCTURE PART | G16252101 | 1,958 | $65,472 | 0.02% |
| 128 | WASTE CONNECTIONS INC | WCN | 240 | $44,749 | 0.01% |
| 129 | BARRICK MINING CORP | 06849F108 | 2,125 | $44,157 | 0.01% |
| 130 | SUN LIFE FINANCIAL INC | SUNFF | 650 | $43,170 | 0.01% |
| 131 | BCE INC | BCPPF | 1,880 | $41,615 | 0.01% |
| 132 | PFIZER INC | PFE | 1,700 | $41,208 | 0.01% |
| 133 | SOUTH BOW CORP | SOBO | 1,195 | $30,963 | 0.01% |
| 134 | CISCO SYSTEMS INC | CSCO | 408 | $28,307 | 0.01% |
| 135 | MERCK & CO INC | MRK | 357 | $28,260 | 0.01% |
| 136 | ROPER TECHNOLOGIES INC | ROP | 47 | $26,641 | 0.01% |
| 137 | VERISIGN INC | VRSN | 91 | $26,281 | 0.01% |
| 138 | VERISK ANALYTICS INC | VRSK | 83 | $25,855 | 0.01% |
| 139 | JUNIPER NETWORKS INC | 48203R104 | 632 | $25,236 | 0.01% |
| 140 | MASTERCARD INC | MA | 44 | $24,725 | 0.01% |
| 141 | QUEST DIAGNOSTICS INC | DGX | 136 | $24,430 | 0.01% |
| 142 | MOTOROLA SOLUTIONS INC | MSI | 58 | $24,387 | 0.01% |
| 143 | COLGATE-PALMOLIVE CO | CL | 264 | $23,998 | 0.01% |
| 144 | LINDE PLC | LIN | 50 | $23,459 | 0.01% |
| 145 | YUM! BRANDS INC | YUM | 158 | $23,412 | 0.01% |
| 146 | REPUBLIC SERVICES INC | 760759100 | 93 | $22,935 | 0.01% |
| 147 | LOCKHEED MARTIN CORP | LMT | 49 | $22,694 | 0.01% |
| 148 | WASTE MANAGEMENT INC | 94106L109 | 99 | $22,653 | 0.01% |
| 149 | AUTOZONE INC | AZO | 6 | $22,273 | 0.01% |
| 150 | KIMBERLY-CLARK CORP | KMB | 170 | $21,916 | 0.01% |
| 151 | PROCTER & GAMBLE CO/THE | 742718109 | 137 | $21,827 | 0.01% |
| 152 | GAMING AND LEISURE PROPERTIES | 36467J108 | 465 | $21,706 | 0.01% |
| 153 | NEWMONT CORP | NEMCL | 305 | $17,742 | 0.00% |
| 154 | NEXTERA ENERGY INC | NEE-PW | 240 | $16,661 | 0.00% |
| 155 | ARISTA NETWORKS INC | ANET | 160 | $16,370 | 0.00% |
| 156 | OVINTIV INC | OVV | 347 | $13,190 | 0.00% |
| 157 | IMPERIAL OIL LTD | IMO | 150 | $11,894 | 0.00% |
| 158 | AFLAC INC | AFL | 110 | $11,601 | 0.00% |
| 159 | GE HEALTHCARE TECHNOLOGIES INC | GEHC | 150 | $11,110 | 0.00% |
| 160 | UNIVERSAL HEALTH SERVICES INC | 913903100 | 60 | $10,869 | 0.00% |
| 161 | FOX CORP | FOX | 190 | $10,648 | 0.00% |
| 162 | CAPITAL ONE FINANCIAL CORP | 14040H105 | 50 | $10,638 | 0.00% |
| 163 | CENOVUS ENERGY INC | CVE | 775 | $10,526 | 0.00% |
| 164 | ISHARES GOLD TRUST | IAU | 150 | $9,355 | 0.00% |
| 165 | LITHIUM AMERICAS CORP | LTUM | 2,690 | $7,177 | 0.00% |
| 166 | TESLA INC | TSLA | 22 | $6,989 | 0.00% |
| 167 | ORGANIGRAM GLOBAL INC | OGI | 5,000 | $6,743 | 0.00% |
| 168 | ISHARES MSCI EAFE ETF | 464287465 | 75 | $6,704 | 0.00% |
| 169 | ISHARES SILVER TRUST | SLV | 200 | $6,562 | 0.00% |
| 170 | WESTERN DIGITAL CORP | WDC | 100 | $6,399 | 0.00% |
| 171 | MOLSON COORS BEVERAGE CO | TAP-A | 130 | $6,252 | 0.00% |
| 172 | SNAP-ON INC | SNA | 20 | $6,224 | 0.00% |
| 173 | KROGER CO/THE | KR | 85 | $6,097 | 0.00% |
| 174 | RIOT PLATFORMS INC | RIOT | 430 | $4,859 | 0.00% |
| 175 | PALANTIR TECHNOLOGIES INC | PLTR | 35 | $4,771 | 0.00% |
| 176 | HP INC | HPQ | 175 | $4,281 | 0.00% |
| 177 | AMENTUM HOLDINGS INC | AMTM | 155 | $3,660 | 0.00% |
| 178 | SNDL INC | SNDL | 2,900 | $3,509 | 0.00% |
| 179 | HIVE DIGITAL TECHNOLOGIES LTD | HIVE | 1,673 | $3,017 | 0.00% |
| 180 | CRISPR THERAPEUTICS AG | CRSP | 60 | $2,918 | 0.00% |
| 181 | VERTEX PHARMACEUTICALS INC | VRTX | 6 | $2,671 | 0.00% |
| 182 | BROOKFIELD WEALTH SOLUTIONS LT | BNT | 39 | $2,406 | 0.00% |
| 183 | GOLDMAN SACHS ACTIVEBETA US SM | NVGLF | 30 | $2,058 | 0.00% |
| 184 | APPLIED MATERIALS INC | 038222105 | 10 | $1,831 | 0.00% |
| 185 | MODERNA INC | MRNA | 62 | $1,711 | 0.00% |
| 186 | DENTSPLY SIRONA INC | XRAY | 100 | $1,588 | 0.00% |
| 187 | CHARLES RIVER LABORATORIES INT | 159864107 | 10 | $1,517 | 0.00% |
| 188 | INTEL CORP | INTC | 60 | $1,344 | 0.00% |
| 189 | GALAXY DIGITAL INC | GLXY | 50 | $1,093 | 0.00% |
| 190 | WESTINGHOUSE AIR BRAKE TECHNOL | 929740108 | 4 | $837 | 0.00% |
| 191 | METHANEX CORP | MEOH | 20 | $661 | 0.00% |
| 192 | BROOKFIELD INFRASTRUCTURE CORP | BIPC | 12 | $498 | 0.00% |
| 193 | PAYPAL HOLDINGS INC | PYPL | 5 | $372 | 0.00% |
| 194 | MIND MEDICINE MINDMED INC | 60255C885 | 52 | $337 | 0.00% |
| 195 | EMBECTA CORP | EMBC | 17 | $165 | 0.00% |
| 196 | VIATRIS INC | VTRS | 12 | $107 | 0.00% |
| 197 | WYNN RESORTS LTD | WYNN | 1 | $94 | 0.00% |
| 198 | ZIMVIE INC | 98888T107 | 7 | $65 | 0.00% |
| 199 | MGM RESORTS INTERNATIONAL | MGM | 1 | $34 | 0.00% |
| 200 | CANOPY GROWTH CORP | CGC | 2 | $2 | 0.00% |