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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
Page 1 of 3  ·  55 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 BERKSHIRE HATHAWAY INC DEL 104,877.0 $50.3M 16.13% +794.0 +0.8% $479.20
2 VZ VERIZON COMMUNICATIONS INC Communication Services 865,000.0 $43.4M 13.94% $50.20 -3.3%
3 SOUTH BOW CORP 970,061.0 $32.3M 10.36% +219K +29.2% $33.27
4 OKLO OKLO INC Utilities 589,480.0 $29.2M 9.38% -33K -5.3% $49.59 +41.9%
5 CI THE CIGNA GROUP Healthcare 72,200.0 $19.3M 6.18% $266.75 +5.1%
6 BROOKFIELD ASSET MANAGMT LTD 422,387.0 $18.7M 6.01% $44.33
7 TD TORONTO DOMINION BK ONT Financial Services 192,000.0 $17.9M 5.75% $93.39 +20.6%
8 ELV ELEVANCE HEALTH INC Healthcare 58,100.0 $17.0M 5.46% $292.75 +32.1%
9 ARES ARES MANAGEMENT CORPORATION Financial Services 121,074.0 $13.2M 4.24% +25K +26.5% $109.10 +15.5%
10 DHR DANAHER CORPORATION Healthcare 62,654.0 $11.9M 3.81% $189.60 -8.8%
11 BN BROOKFIELD CORP Financial Services 112,663.0 $4.6M 1.46% +7K +6.6% $40.47 +12.8%
12 CCL CARNIVAL CORP Consumer Cyclical 139,602.0 $3.6M 1.16% $25.88 +3.3%
13 CCJ CAMECO CORP Energy 32,500.0 $3.5M 1.13% +2K +8.3% $108.75 -0.6%
14 BNS BANK NOVA SCOTIA B C Financial Services 37,800.0 $2.6M 0.84% NEW $69.35 +15.3%
15 LEU CENTRUS ENERGY CORP Energy 14,750.0 $2.6M 0.82% +4K +31.1% $173.59 +7.1%
16 TELIX PHARMACEUTICAL LTD 266,200.0 $2.5M 0.82% $9.57
17 BE BLOOM ENERGY CORP Industrials 18,000.0 $2.4M 0.78% $135.49 +127.1%
18 RDNT RADNET INC Healthcare 42,000.0 $2.3M 0.75% $55.89 -3.2%
19 BWXT BWX TECHNOLOGIES INC Industrials 10,000.0 $2.0M 0.66% +3K +42.9% $204.49 -0.3%
20 NVDA NVIDIA CORPORATION Technology 11,300.0 $2.0M 0.63% +970.0 +9.4% $174.40 +22.4%
Page 1 of 3  ·  55 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

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%