Portfolio (Quarterly) Guide ↗

PORTLAND INVESTMENT COUNSEL INC.

· CIK 0001081668

13F Portfolio $312M AUM 55 positions Filed May 14, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025 · All 6 New 20 Added 3 Reduced 4 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
1	MOS	MOSAIC CO NEW	Basic Materials	541,202	$13.0M	3.93%	SOLD
2	—	BAYTEX ENERGY CORP	—	280,300	$912K	0.27%	SOLD
3	LILAK	LIBERTY LATIN AMERICA LTD	Communication Services	82,703	$619K	0.19%	SOLD
4	LILA	LIBERTY LATIN AMERICA LTD	Communication Services	71,100	$526K	0.16%	SOLD

Sector Allocation

Healthcare 27.4%

Communication Services 23.2%

Financial Services 21.3%

Utilities 16.0%

Technology 3.4%

Industrials 3.1%

Energy 3.0%

Consumer Cyclical 2.7%