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Portfolio (Quarterly) Guide ↗

PORTLAND INVESTMENT COUNSEL INC.

· CIK 0001081668
13F Portfolio $332M AUM Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 53 New
Page 2 of 3  ·  53 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 GS GOLDMAN SACHS GROUP INC Financial Services 2,251.0 $2.0M 0.60% NEW $884.42 +12.4%
22 NVDA NVIDIA CORPORATION Technology 10,330.0 $1.9M 0.58% NEW $187.54 +14.6%
23 AAPL APPLE INC Technology 6,134.0 $1.7M 0.50% NEW $273.08 +12.9%
24 AMZN AMAZON COM INC Consumer Cyclical 7,120.0 $1.7M 0.50% NEW $232.53 +14.1%
25 BE BLOOM ENERGY CORP Industrials 18,000.0 $1.6M 0.47% NEW $86.89 +248.0%
26 MSFT MICROSOFT CORP Technology 2,637.0 $1.3M 0.39% NEW $487.48 -14.7%
27 LLY ELI LILLY & CO Healthcare 1,167.0 $1.3M 0.38% NEW $1079.75 -1.4%
28 OLMA OLEMA PHARMACEUTICALS INC Healthcare 50,000.0 $1.2M 0.38% NEW $25.00 -45.8%
29 BWXT BWX TECHNOLOGIES INC Industrials 7,000.0 $1.2M 0.36% NEW $172.84 +18.2%
30 CEG CONSTELLATION ENERGY CORP Utilities 3,400.0 $1.2M 0.36% NEW $353.27 -14.6%
31 LNTH LANTHEUS HLDGS INC Healthcare 18,000.0 $1.2M 0.36% NEW $66.55 +50.4%
32 SMR NUSCALE PWR CORP Utilities 70,000.0 $992K 0.30% NEW $14.17 -13.8%
33 GEV GE VERNOVA INC Utilities 1,500.0 $980K 0.29% NEW $653.57 +63.8%
34 JPM JPMORGAN CHASE & CO Financial Services 3,000.0 $970K 0.29% NEW $323.42 -5.2%
35 BAYTEX ENERGY CORP 280,300.0 $912K 0.27% NEW $3.25
36 BEONE MEDICINES LTD 3,000.0 $911K 0.27% NEW $303.81
37 UPS UNITED PARCEL SERVICE INC Industrials 9,100.0 $903K 0.27% NEW $99.19 +2.8%
38 CRM SALESFORCE INC Technology 3,116.0 $829K 0.25% NEW $265.92 -32.7%
39 MA MASTERCARD INCORPORATED Financial Services 1,363.0 $787K 0.24% NEW $577.42 -14.6%
40 HEI HEICO CORP Industrials 2,244.0 $737K 0.22% NEW $328.26 -5.9%
Page 2 of 3  ·  53 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 27.5%
Utilities 20.9%
Financial Services 18.8%
Communication Services 17.7%
Basic Materials 5.7%
Consumer Cyclical 2.6%
Technology 2.5%
Energy 2.4%
Industrials 2.0%