PORTLAND INVESTMENT COUNSEL INC.
CIK 1081668 · View on SEC EDGAR ↗
- Portfolio value
- $357.9M
- Positions
- 58
- As of
- June 30, 2026
#4,662 of 9,443 by 13F value · top 49.4%
Portfolio value QoQ: +14.9% 13F does not disclose cash
- Top 10 holdings weight
- 80.62%
- Top 25 holdings weight
- 92.74%
- Positions above 1%
- 13
- Effective number of positions
- 11.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.32% Est. buys $56,858,142 · sells $24,517,393
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 78.4% still held
- New positions
- 4
- Increased
- 3
- Decreased
- 5
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Healthcare
23.6%
Financial Services
11.4%
Energy
11.0%
Telecommunication
10.6%
Utilities
8.9%
Financials
7.8%
Industrials
5.1%
Technology
2.2%
Communication Services
1.2%
Consumer Discretionary
1.1%
Retail
0.9%
Logistics & Transportation
0.3%
Other/Unmapped
16.1%
Full portfolio 58 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| CI The Cigna Group Common Stock | $62,303,680 | 17.41% | 226,000 | $43,044,330 | Up ×1 | ||
| BRKB | $48,276,126 | 13.49% | 96,477 | $-1,980,932 | Down ×1 | ||
| VZ Verizon Communications Inc. Common Stock | $37,860,428 | 10.58% | 894,200 | $-5,562,572 | Up ×1 | ||
| SOBO South Bow Corporation Common Shares | $33,530,328 | 9.37% | 951,824 | $1,257,703 | Down ×1 | ||
| OKLO Oklo Inc. Class A common stock | $30,847,488 | 8.62% | 589,480 | $1,615,175 | |||
| TD Toronto Dominion Bank (The) Common Stock | $22,700,794 | 6.34% | 186,700 | $4,769,190 | Down ×1 | ||
| BAM Brookfield Asset Management Inc Class A Limited Voting Shares | $18,912,230 | 5.28% | 422,387 | $188,027 | |||
| ARES Ares Management Corporation Class A Common Stock | $13,476,747 | 3.77% | 121,074 | $267,574 | |||
| DHR Danaher Corporation Common Stock | $11,934,334 | 3.33% | 62,654 | $55,136 | |||
| UBER Uber Technologies, Inc. Common Stock | $8,695,280 | 2.43% | 120,500 | Up ×1 | |||
| BN Brookfield Corporation Class A Limited Voting Shares | $4,798,317 | 1.34% | 112,663 | $238,845 | |||
| CCL Carnival Corporation Common Stock | $3,988,429 | 1.11% | 139,602 | $375,529 | |||
| BE Bloom Energy Corporation Class A Common Stock | $3,632,400 | 1.01% | 12,000 | $1,193,580 | Down ×1 | ||
| CCJ Cameco Corporation Common Stock | $3,312,762 | 0.93% | 32,500 | $-221,565 | |||
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $3,285,549 | 0.92% | 37,800 | $664,193 | |||
| BIL | $3,163,779 | 0.88% | 34,524 | $1,718,250 | Up ×1 | ||
| TLX Telix Pharmaceuticals Limited - American Depositary Shares | $3,069,286 | 0.86% | 266,200 | $521,752 | |||
| RDNT RadNet, Inc. - Common Stock | $2,590,140 | 0.72% | 42,000 | $242,760 | |||
| LEU Centrus Energy Corp. Class A Common Stock | $2,476,083 | 0.69% | 14,750 | $-84,370 | |||
| GOOGL Alphabet Inc. - Class A Common Stock | $2,425,470 | 0.68% | 6,787 | $473,800 | |||
| NVDA NVIDIA Corporation - Common Stock | $2,261,017 | 0.63% | 11,300 | $290,297 | |||
| AAPL Apple Inc. - Common Stock | $2,180,328 | 0.61% | 7,535 | $268,020 | |||
| AMZN Amazon.com, Inc. - Common Stock | $2,103,351 | 0.59% | 8,825 | $265,368 | |||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $2,101,627 | 0.59% | 2,078 | $174,462 | Down ×1 | ||
| LNTH Lantheus Holdings, Inc. - Common Stock | $1,996,920 | 0.56% | 18,000 | $631,620 | |||
| BWXT BWX Technologies, Inc. Common Stock | $1,946,500 | 0.54% | 10,000 | $-98,400 | |||
| JPM JP Morgan Chase & Co. Common Stock | $1,882,802 | 0.53% | 5,752 | $190,794 | |||
| META Meta Platforms, Inc. - Class A Common Stock | $1,834,636 | 0.51% | 3,257 | $-28,791 | |||
| GEV GE Vernova Inc. Common Stock | $1,762,290 | 0.49% | 1,500 | $452,940 | |||
| LLY Eli Lilly and Company Common Stock | $1,748,769 | 0.49% | 1,458 | $407,744 | |||
| MSFT Microsoft Corporation - Common Stock | $1,223,133 | 0.34% | 3,279 | $9,346 | |||
| Unknown issuer (CUSIP: 98386P102) | $1,101,600 | 0.31% | 60,000 | Up ×1 | |||
| SMR NuScale Power Corporation Class A Common Stock | $1,053,150 | 0.29% | 105,000 | $-85,050 | |||
| SYY Sysco Corporation Common Stock | $1,013,408 | 0.28% | 12,125 | Up ×1 | |||
| HEI Heico Corporation Common Stock | $994,482 | 0.28% | 2,792 | $228,916 | |||
| UPS United Parcel Service, Inc. Common Stock | $978,250 | 0.27% | 9,100 | $82,992 | |||
| MA Mastercard Incorporated Common Stock | $863,875 | 0.24% | 1,682 | $23,447 | |||
| ONC BeOne Medicines Ltd. - American Depositary Shares | $854,910 | 0.24% | 3,000 | $-36,000 | |||
| CATXXXXX | $852,500 | 0.24% | 250,000 | $-190,000 | |||
| CEG Constellation Energy Corporation - Common Stock When-Issued | $844,458 | 0.24% | 3,400 | $-104,992 | |||
| Unknown issuer (CUSIP: 84615Q103) | $693,692 | 0.19% | 4,060 | Up ×1 | |||
| OLMA Olema Pharmaceuticals, Inc. - Common Stock | $625,500 | 0.17% | 50,000 | $-120,000 | |||
| PANW Palo Alto Networks, Inc. - Common Stock | $612,472 | 0.17% | 1,796 | $324,537 | |||
| CRM Salesforce, Inc. Common Stock | $607,058 | 0.17% | 3,875 | $-116,288 | |||
| COIN Coinbase Global, Inc. - 3Class A Common Stock | $570,872 | 0.16% | 3,905 | $-110,980 | |||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $546,408 | 0.15% | 716 | $266,874 | |||
| Unknown issuer (CUSIP: 031162101) | $543,180 | 0.15% | 1,500 | $15,405 | |||
| IOVA Iovance Biotherapeutics, Inc. - Common Stock | $540,800 | 0.15% | 130,000 | $84,500 | |||
| ICLR ICON plc - Ordinary Shares | $521,130 | 0.15% | 3,000 | $189,150 | |||
| REGN Regeneron Pharmaceuticals, Inc. - Common Stock | $407,795 | 0.11% | 654 | $-97,512 | |||
| NUVL Nuvalent, Inc. - Class A Common Stock | $247,000 | 0.07% | 2,000 | $42,100 | |||
| ZS Zscaler, Inc. - Common Stock | $236,991 | 0.07% | 1,679 | $1,444 | |||
| PLTR Palantir Technologies Inc. - Class A Common Stock | $221,090 | 0.06% | 1,895 | $-56,111 | |||
| RLAY Relay Therapeutics, Inc. - Common Stock | $187,100 | 0.05% | 10,000 | $87,600 | |||
| SDGR Schrodinger, Inc. - Common Stock | $162,500 | 0.05% | 10,000 | $48,900 | |||
| PLUG Plug Power, Inc. - Common Stock | $135,500 | 0.04% | 50,000 | $22,500 | |||
| ARVN Arvinas, Inc. - Common Stock | $116,340 | 0.03% | 14,000 | $-32,060 | |||
| BCYC Bicycle Therapeutics plc - American Depositary Shares | $63,600 | 0.02% | 15,000 | $-6,000 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| CI | Bought more | +154K | +$43.0M |
| VZ | Bought more | +29K | -$5.6M |
| TD | Trimmed | -5K | +$4.8M |
| BRKB | Trimmed | -8K | -$2.0M |
| BIL | Bought more | +19K | +$1.7M |
| OKLO | Price move only | +0 | +$1.6M |
| SOBO | Trimmed | -18K | +$1.3M |
| BE | Trimmed | -6K | +$1.2M |
| BNS | Price move only | +0 | +$664K |
| LNTH | Price move only | +0 | +$632K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| BNS | Dec. 31, 2025 | 409,629 | $26,487,412 | 19.6% |
| KHC | March 31, 2025 | 775,300 | $23,809,463 | -16.3% |
| VZ | March 31, 2025 | 554,600 | $22,178,454 | 9.0% |
| MGA | Dec. 31, 2025 | 442,068 | $20,945,590 | 35.0% |
| NTR | March 31, 2025 | 405,500 | $18,144,464 | 48.0% |
| ELV | June 30, 2026 | 58,100 | $17,008,775 | 3.4% |
| MOS | March 31, 2026 | 541,202 | $13,037,556 | -6.9% |
| T | March 31, 2025 | 525,900 | $11,974,743 | -10.3% |
| C | March 31, 2025 | 160,500 | $11,297,595 | 85.7% |
| CVS | March 31, 2025 | 200,800 | $9,013,912 | 38.1% |
| BTE | March 31, 2026 | 280,300 | $911,553 | 8.2% |
| TDG | June 30, 2025 | 496 | $686,112 | -21.3% |
| VRN | June 30, 2025 | 101,200 | $669,772 | No longer tracked |
| LILAK | March 31, 2026 | 82,703 | $618,618 | -6.8% |
| LILA | March 31, 2026 | 71,100 | $526,140 | -4.9% |
| CRWD | March 31, 2025 | 843 | $288,441 | -46.9% |
| OKTA | June 30, 2025 | 2,450 | $257,789 | 32.8% |
| CVE | Sept. 30, 2025 | 18,100 | $248,555 | 92.6% |