LOUISBOURG INVESTMENTS INC. — 13F Holdings & Portfolio
CIK 2053050 · latest 13F-HR filed 2026-07-23
LOUISBOURG INVESTMENTS INC. manages $542.1M in 13F-reported U.S. long-equity assets across 210 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are CNI (5.53%), SHOP (3.24%), TECK (2.71%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 12 new positions, exited 18, added to 87, and trimmed 64.
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.
DIEPPE, A3 E1A 1P1
$542.1M
Long-equity book
210
Distinct positions
2026-06-30
Filed 2026-07-23
+12 / −18 / ↑87 / ↓64
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SUNCOR ENERGY INC$7.4M +135.6%
- MDA SPACE LTD$6.9M +3983.9%
- CENOVUS ENERGY INC$6.2M +104.0%
- TECK RESOURCES LTD$5.6M +61.5%
- METHANEX CORP$5.0M +421830.0%
Top Trims
- WHEATON PRECIOUS METALS CORP-$3.9M -34.7%
- OR ROYALTIES INC-$3.1M -36.5%
- JOHNSON & JOHNSON-$2.1M -47.1%
- CGI INC-$2.1M -35.9%
- FRANCO-NEVADA CORP-$1.9M -25.5%
New Positions
- BLACKBERRY LTD$8.6M
- THOMSON REUTERS CORP$7.3M
- DEVON ENERGY CORP$190.1K
- DOW INC$159.4K
- ARK SPACE & DEFENSE INNOVATION$66.5K
Exited Positions
- SSR MINING INC$6.6M
- THOMSON REUTERS CORP$6.6M
- ENERGY FUELS INC/CANADA$6.2M
- KINROSS GOLD CORP$6.0M
- IAMGOLD CORP$6.0M
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 | CANADIAN NATIONAL RAILWAY CO | CNI | 136375102 | $30.0M | 5.53% | 251,810 | SH |
| 2 | SHOPIFY INC | SHOP | 82509L107 | $17.5M | 3.24% | 153,670 | SH |
| 3 | TECK RESOURCES LTD | TECK | 878742204 | $14.7M | 2.71% | 247,135 | SH |
| 4 | ALPHABET INC | GOOG | 02079K107 | $13.3M | 2.45% | 45,181 | SH |
| 5 | ISHARES CORE S&P 500 ETF | IVV | 464287200 | $12.9M | 2.38% | 17,250 | SH |
| 6 | SUNCOR ENERGY INC | SU | 867224107 | $12.8M | 2.36% | 238,093 | SH |
| 7 | TSMC | TSM | 874039100 | $12.6M | 2.33% | 30,530 | SH |
| 8 | MICROSOFT CORP | MSFT | 594918104 | $12.4M | 2.29% | 41,327 | SH |
| 9 | CENOVUS ENERGY INC | CVE | 15135U109 | $12.2M | 2.24% | 491,348 | SH |
| 10 | BROOKFIELD CORP | BN | 11271J107 | $11.5M | 2.12% | 269,568 | SH |
| 11 | VANGUARD S&P 500 ETF | VOO | 922908363 | $9.9M | 1.82% | 14,348 | SH |
| 12 | ISHARES CORE MSCI EAFE ETF | IEFA | 46432F842 | $9.5M | 1.76% | 98,511 | SH |
| 13 | AMAZON.COM INC | AMZN | 023135106 | $9.5M | 1.75% | 49,875 | SH |
| 14 | BROADCOM INC | AVGO | 11135F101 | $9.0M | 1.66% | 28,622 | SH |
| 15 | BLACKBERRY LTD | BB | 09228F103 | $8.6M | 1.58% | 679,400 | SH |
| 16 | SALESFORCE INC | CRM | 79466L302 | $8.4M | 1.56% | 68,166 | SH |
| 17 | COLLIERS INTERNATIONAL GROUP I | CIGI | 194693107 | $8.1M | 1.50% | 86,932 | SH |
| 18 | GILDAN ACTIVEWEAR INC | GIL | 375916103 | $7.9M | 1.46% | 153,538 | SH |
| 19 | NUTRIEN LTD | NTR | 67077M108 | $7.8M | 1.43% | 123,328 | SH |
| 20 | META PLATFORMS INC | META | 30303M102 | $7.7M | 1.43% | 17,224 | SH |
| 21 | T-MOBILE US INC | TMUS | 872590104 | $7.4M | 1.36% | 56,392 | SH |
| 22 | WHEATON PRECIOUS METALS CORP | WPM | 962879102 | $7.3M | 1.35% | 65,229 | SH |
| 23 | THOMSON REUTERS CORP | TRI | 884903881 | $7.3M | 1.35% | 89,435 | SH |
| 24 | MDA SPACE LTD | MDA | 55293N109 | $7.1M | 1.31% | 172,125 | SH |
| 25 | CANADIAN NATURAL RESOURCES LTD | CNQ | 136385101 | $7.0M | 1.29% | 176,650 | SH |
| 26 | STANTEC INC | STN | 85472N109 | $7.0M | 1.29% | 101,252 | SH |
| 27 | PEMBINA PIPELINE CORP | PBA | 706327103 | $6.5M | 1.21% | 141,477 | SH |
| 28 | BOYD GROUP SERVICES INC | BGSI | 103310108 | $6.4M | 1.19% | 68,068 | SH |
| 29 | LIGHTSPEED COMMERCE INC | LSPD | 53229C107 | $6.0M | 1.11% | 577,980 | SH |
| 30 | BERKSHIRE HATHAWAY INC | BRK.A | 084670108 | $6.0M | 1.11% | 8 | SH |
| 31 | BOSTON SCIENTIFIC CORP | BSX | 101137107 | $6.0M | 1.10% | 182,953 | SH |
| 32 | OTIS WORLDWIDE CORP | OTIS | 68902V107 | $5.8M | 1.07% | 103,067 | SH |
| 33 | DESCARTES SYSTEMS GROUP INC/TH | DSGX | 249906108 | $5.8M | 1.06% | 83,216 | SH |
| 34 | BECTON DICKINSON & CO | BDX | 075887109 | $5.6M | 1.04% | 48,315 | SH |
| 35 | COSTAR GROUP INC | CSGP | 22160N109 | $5.5M | 1.01% | 256,336 | SH |
| 36 | FRANCO-NEVADA CORP | FNV | 351858105 | $5.5M | 1.01% | 26,363 | SH |
| 37 | BANK OF NOVA SCOTIA/THE | BNS | 064149107 | $5.4M | 1.00% | 62,704 | SH |
| 38 | JACOBS SOLUTIONS INC | J | 46982L108 | $5.4M | 1.00% | 53,328 | SH |
| 39 | OR ROYALTIES INC | OR | 68390D106 | $5.4M | 0.99% | 169,447 | SH |
| 40 | ROYAL BANK OF CANADA | RY | 780087102 | $5.3M | 0.98% | 25,705 | SH |
| 41 | RESTAURANT BRANDS INTERNATIONA | QSR | 76131D103 | $5.2M | 0.96% | 71,930 | SH |
| 42 | HUDBAY MINERALS INC | HBM | 443628102 | $5.2M | 0.96% | 220,100 | SH |
| 43 | FIRST MAJESTIC SILVER CORP | AG | 32076V103 | $5.2M | 0.95% | 304,700 | SH |
| 44 | METHANEX CORP | MEOH | 59151K108 | $5.0M | 0.93% | 108,820 | SH |
| 45 | WILLIS TOWERS WATSON PLC | WTW | G96629103 | $5.0M | 0.92% | 24,991 | SH |
| 46 | ABBOTT LABORATORIES | ABT | 002824100 | $4.7M | 0.87% | 67,648 | SH |
| 47 | VANGUARD FTSE EMERGING MARKETS | VWO | 922042858 | $4.6M | 0.85% | 77,276 | SH |
| 48 | TORONTO-DOMINION BANK/THE | TD | 891160509 | $4.6M | 0.85% | 37,773 | SH |
| 49 | WALT DISNEY CO/THE | DIS | 254687106 | $4.5M | 0.83% | 58,773 | SH |
| 50 | FIRSTSERVICE CORP | FSV | 33767E202 | $4.5M | 0.82% | 31,490 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | $542.1M | 210 | 0002053050-26-000003 |
| 2026-03-31 | 2026-04-22 | $528.8M | 216 | 0002053050-26-000002 |
| 2025-12-31 | 2026-01-16 | $501.9M | 213 | 0002053050-26-000001 |