PORTLAND INVESTMENT COUNSEL INC. — 13F Holdings & Portfolio
CIK 1081668 · latest 13F-HR filed 2026-08-13
PORTLAND INVESTMENT COUNSEL INC. manages $357.9M in 13F-reported U.S. long-equity assets across 58 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are CI (17.41%), BRK.B (13.49%), VZ (10.58%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions, exited 1, added to 29, and trimmed 12.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 100
BURLINGTON, A6 L7P 4V7
$357.9M
Long-equity book
58
Distinct positions
2026-06-30
Filed 2026-08-13
+4 / −1 / ↑29 / ↓12
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- THE CIGNA GROUP$43.0M +223.5%
- TORONTO DOMINION BK ONT$4.8M +26.6%
- SPDR SER TR$1.7M +118.9%
- OKLO INC$1.6M +5.5%
- BLOOM ENERGY CORP$1.2M +48.9%
Top Trims
- VERIZON COMMUNICATIONS INC-$5.6M -12.8%
- CAMECO CORP-$221.6K -6.3%
- PERSPECTIVE THERAPEUTICS INC-$190.0K -18.2%
- OLEMA PHARMACEUTICALS INC-$120.0K -16.1%
- SALESFORCE INC-$116.3K -16.1%
New Positions
- UBER TECHNOLOGIES INC$8.7M
- X-ENERGY INC$1.1M
- SYSCO CORP$1.0M
- SPACE EXPLORATION TECHN CORP$693.7K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | THE CIGNA GROUP | CI | 125523100 | $62.3M | 17.41% | 226,000 | SH |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $48.3M | 13.49% | 96,477 | SH |
| 3 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $37.9M | 10.58% | 894,200 | SH |
| 4 | SOUTH BOW CORP | SOBO | 83671M105 | $33.5M | 9.37% | 951,824 | SH |
| 5 | OKLO INC | OKLO | 02156V109 | $30.8M | 8.62% | 589,480 | SH |
| 6 | TORONTO DOMINION BK ONT | TD | 891160509 | $22.7M | 6.34% | 186,700 | SH |
| 7 | BROOKFIELD ASSET MANAGMT LTD | BAM | 113004105 | $18.9M | 5.28% | 422,387 | SH |
| 8 | ARES MANAGEMENT CORPORATION | ARES | 03990B101 | $13.5M | 3.77% | 121,074 | SH |
| 9 | DANAHER CORPORATION | DHR | 235851102 | $11.9M | 3.33% | 62,654 | SH |
| 10 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $8.7M | 2.43% | 120,500 | SH |
| 11 | BROOKFIELD CORP | BN | 11271J107 | $4.8M | 1.34% | 112,663 | SH |
| 12 | CARNIVAL CORP | CCL | 143658300 | $4.0M | 1.11% | 139,602 | SH |
| 13 | BLOOM ENERGY CORP | BE | 093712107 | $3.6M | 1.01% | 12,000 | SH |
| 14 | CAMECO CORP | CCJ | 13321L108 | $3.3M | 0.93% | 32,500 | SH |
| 15 | BANK NOVA SCOTIA B C | BNS | 064149107 | $3.3M | 0.92% | 37,800 | SH |
| 16 | SPDR SER TR | BIL | 78468R663 | $3.2M | 0.88% | 34,524 | SH |
| 17 | TELIX PHARMACEUTICAL LTD | TLX | 87961M105 | $3.1M | 0.86% | 266,200 | SH |
| 18 | RADNET INC | RDNT | 750491102 | $2.6M | 0.72% | 42,000 | SH |
| 19 | CENTRUS ENERGY CORP | LEU | 15643U104 | $2.5M | 0.69% | 14,750 | SH |
| 20 | ALPHABET INC | GOOGL | 02079K305 | $2.4M | 0.68% | 6,787 | SH |
| 21 | NVIDIA CORPORATION | NVDA | 67066G104 | $2.3M | 0.63% | 11,300 | SH |
| 22 | APPLE INC | AAPL | 037833100 | $2.2M | 0.61% | 7,535 | SH |
| 23 | AMAZON COM INC | AMZN | 023135106 | $2.1M | 0.59% | 8,825 | SH |
| 24 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $2.1M | 0.59% | 2,078 | SH |
| 25 | LANTHEUS HLDGS INC | LNTH | 516544103 | $2.0M | 0.56% | 18,000 | SH |
| 26 | BWX TECHNOLOGIES INC | BWXT | 05605H100 | $1.9M | 0.54% | 10,000 | SH |
| 27 | JPMORGAN CHASE & CO | JPM | 46625H100 | $1.9M | 0.53% | 5,752 | SH |
| 28 | META PLATFORMS INC | META | 30303M102 | $1.8M | 0.51% | 3,257 | SH |
| 29 | GE VERNOVA INC | GEV | 36828A101 | $1.8M | 0.49% | 1,500 | SH |
| 30 | ELI LILLY & CO | LLY | 532457108 | $1.7M | 0.49% | 1,458 | SH |
| 31 | MICROSOFT CORP | MSFT | 594918104 | $1.2M | 0.34% | 3,279 | SH |
| 32 | X-ENERGY INC | XE | 98386P102 | $1.1M | 0.31% | 60,000 | SH |
| 33 | NUSCALE PWR CORP | SMR | 67079K100 | $1.1M | 0.29% | 105,000 | SH |
| 34 | SYSCO CORP | SYY | 871829107 | $1.0M | 0.28% | 12,125 | SH |
| 35 | HEICO CORP | HEI | 422806109 | $994.5K | 0.28% | 2,792 | SH |
| 36 | UNITED PARCEL SERVICE INC | UPS | 911312106 | $978.2K | 0.27% | 9,100 | SH |
| 37 | MASTERCARD INCORPORATED | MA | 57636Q104 | $863.9K | 0.24% | 1,682 | SH |
| 38 | BEONE MEDICINES LTD | ONC | 07725L102 | $854.9K | 0.24% | 3,000 | SH |
| 39 | PERSPECTIVE THERAPEUTICS INC | CATX | 46489V104 | $852.5K | 0.24% | 250,000 | SH |
| 40 | CONSTELLATION ENERGY CORP | CEG | 21037T109 | $844.5K | 0.24% | 3,400 | SH |
| 41 | SPACE EXPLORATION TECHN CORP | SPCX | 84615Q103 | $693.7K | 0.19% | 4,060 | SH |
| 42 | OLEMA PHARMACEUTICALS INC | OLMA | 68062P106 | $625.5K | 0.17% | 50,000 | SH |
| 43 | PALO ALTO NETWORKS INC | PANW | 697435105 | $612.5K | 0.17% | 1,796 | SH |
| 44 | SALESFORCE INC | CRM | 79466L302 | $607.1K | 0.17% | 3,875 | SH |
| 45 | COINBASE GLOBAL INC | COIN | 19260Q107 | $570.9K | 0.16% | 3,905 | SH |
| 46 | CROWDSTRIKE HLDGS INC | CRWD | 22788C105 | $546.4K | 0.15% | 716 | SH |
| 47 | AMGEN INC | AMGN | 031162101 | $543.2K | 0.15% | 1,500 | SH |
| 48 | IOVANCE BIOTHERAPEUTICS INC | IOVA | 462260100 | $540.8K | 0.15% | 130,000 | SH |
| 49 | ICON PLC | ICLR | G4705A100 | $521.1K | 0.15% | 3,000 | SH |
| 50 | REGENERON PHARMACEUTICALS | REGN | 75886F107 | $407.8K | 0.11% | 654 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $357.9M | 58 | 0001081668-26-000008 |
| 2026-03-31 | 2026-05-14 | $311.6M | 55 | 0001081668-26-000007 |
| 2025-12-31 | 2026-02-12 | $332.1M | 53 | 0001081668-26-000003 |
| 2025-09-30 | 2025-11-13 | $365.4M | 52 | 0001081668-25-000014 |