Institutional Manager · CIK 0002106035

HughesLittle Investment Management Ltd.

Vancouver, A1 · File #028-26097

Latest AUM

$238.0M

Positions

Top-10 Concentration

95.3%

Filings

Portfolio Value Over Time

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
EXITED	TAIWAN SEMICONDUCTOR MFG LTD	874039100	-331,045	-$75.0M	$0
EXITED	BROOKFIELD CORP	11271J107	-1,047,724	-$64.7M	$0
EXITED	AMAZON COM INC	AMZN	-288,505	-$63.3M	$0
EXITED	ASML HOLDING N V	ASMLF	-44,225	-$35.4M	$0
EXITED	UBER TECHNOLOGIES INC	UBER	-365,750	-$34.1M	$0
EXITED	ALPHABET INC	GOOG	-177,683	-$31.3M	$0
NEW	LAUDER ESTEE COS INC	518439904	+163,315	+$27.0M	$0
NEW	CANADIAN NATL RY CO	136375102	+255,115	+$22.8M	$0
NEW	BROOKFIELD ASSET MGMT INC	112585104	+432,800	+$20.2M	$0
NEW	MOODYS CORP	MCO	+110,268	+$20.0M	$0

Sector Allocation

Financials

37.2%$88.5M

Consumer Discretionary

3.8%$9.1M

Technology

2.9%$6.8M

Consumer Staples

1.3%$3.1M

Industrials

0.2%$401,261

Filing History

Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202515 pos · $238.0M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202515 pos · $487.1M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $330.1M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202520 pos · $194.3M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202517 pos · $118.1M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202517 pos · $408.2M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202518 pos · $137.8M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $440.0M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $367.9M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $326.1M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202517 pos · $140.3M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $247.9M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202515 pos · $284.8M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202514 pos · $146.4M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $254.8M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $320.0M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202517 pos · $402.3M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202517 pos · $142.7M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202516 pos · $411.3M
Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202517 pos · $127.0M

Top 15 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VISA INC	V	273,940	$42.8M	17.97%
2	SCHWAB CHARLES CORP	SCHW-PJ	678,240	$29.0M	12.18%
3	LAUDER ESTEE COS INC	518439904	163,315	$27.0M	11.36%
4	MASTERCARD INCORPORATED	MA	109,317	$25.7M	10.81%
5	CANADIAN NATL RY CO	136375102	255,115	$22.8M	9.59%
6	BROOKFIELD ASSET MGMT INC	112585104	432,800	$20.2M	8.47%
7	MOODYS CORP	MCO	110,268	$20.0M	8.39%
8	FOMENTO ECONOMICO MEXICANO S	344419106	198,712	$18.3M	7.70%
9	DIAGEO P L C	DGEAF	72,830	$11.9M	5.01%
10	LAS VEGAS SANDS CORP	LVS	149,085	$9.1M	3.82%
11	APPLE INC	AAPL	35,800	$6.8M	2.86%
12	ALTRIA GROUP INC	MO	53,250	$3.1M	1.28%
13	BERKSHIRE HATHAWAY INC DEL	BRK-A	2	$602,402	0.25%
14	UNION PAC CORP	UNP	2,400	$401,261	0.17%
15	COSTCO WHSL CORP NEW	22160K105	1,250	$302,661	0.13%