PORTLAND INVESTMENT COUNSEL INC.
CIK 0001081668
Annualised vol
7.79868%
Beta
0.245702
HHI
871.094261
Top-10 weight
80.61581%
VaR 95%
0.623527%
VaR 99%
1.389607%
Max drawdown
13.737816%
Matched value
48.876017%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| VZ | ADDED | 894,200 | 865,000 | 3.38% | 37,860,428 |
| SOBO | REDUCED | 951,824 | 970,061 | -1.88% | 33,530,328 |
| OKLO | UNCHANGED | 589,480 | 589,480 | 0.0% | 30,847,488 |
| ARES | UNCHANGED | 121,074 | 121,074 | 0.0% | 13,476,747 |
| UBER | NEW | 120,500 | - | - | 8,695,280 |
| CCL | UNCHANGED | 139,602 | 139,602 | 0.0% | 3,988,429 |
| BE | REDUCED | 12,000 | 18,000 | -33.33% | 3,632,400 |
| CCJ | UNCHANGED | 32,500 | 32,500 | 0.0% | 3,312,762 |
| RDNT | UNCHANGED | 42,000 | 42,000 | 0.0% | 2,590,140 |
| LEU | UNCHANGED | 14,750 | 14,750 | 0.0% | 2,476,083 |
| GOOGL | UNCHANGED | 6,787 | 6,787 | 0.0% | 2,425,470 |
| NVDA | UNCHANGED | 11,300 | 11,300 | 0.0% | 2,261,017 |
| AAPL | UNCHANGED | 7,535 | 7,535 | 0.0% | 2,180,328 |
| AMZN | UNCHANGED | 8,825 | 8,825 | 0.0% | 2,103,351 |
| GS | REDUCED | 2,078 | 2,278 | -8.78% | 2,101,627 |
| BWXT | UNCHANGED | 10,000 | 10,000 | 0.0% | 1,946,500 |
| JPM | UNCHANGED | 5,752 | 5,752 | 0.0% | 1,882,802 |
| META | UNCHANGED | 3,257 | 3,257 | 0.0% | 1,834,636 |
| GEV | UNCHANGED | 1,500 | 1,500 | 0.0% | 1,762,290 |
| LLY | UNCHANGED | 1,458 | 1,458 | 0.0% | 1,748,769 |
| MSFT | UNCHANGED | 3,279 | 3,279 | 0.0% | 1,223,133 |
| XE | NEW | 60,000 | - | - | 1,101,600 |
| SYY | NEW | 12,125 | - | - | 1,013,408 |
| HEI | UNCHANGED | 2,792 | 2,792 | 0.0% | 994,482 |
| UPS | UNCHANGED | 9,100 | 9,100 | 0.0% | 978,250 |
| MA | UNCHANGED | 1,682 | 1,682 | 0.0% | 863,875 |
| ONC | UNCHANGED | 3,000 | 3,000 | 0.0% | 854,910 |
| CATX | UNCHANGED | 250,000 | 250,000 | 0.0% | 852,500 |
| CEG | UNCHANGED | 3,400 | 3,400 | 0.0% | 844,458 |
| OLMA | UNCHANGED | 50,000 | 50,000 | 0.0% | 625,500 |
| PANW | UNCHANGED | 1,796 | 1,796 | 0.0% | 612,472 |
| CRM | UNCHANGED | 3,875 | 3,875 | 0.0% | 607,058 |
| COIN | UNCHANGED | 3,905 | 3,905 | 0.0% | 570,872 |
| AMGN | UNCHANGED | 1,500 | 1,500 | 0.0% | 543,180 |
| IOVA | UNCHANGED | 130,000 | 130,000 | 0.0% | 540,800 |
| ICLR | UNCHANGED | 3,000 | 3,000 | 0.0% | 521,130 |
| REGN | UNCHANGED | 654 | 654 | 0.0% | 407,795 |
| ZS | UNCHANGED | 1,679 | 1,679 | 0.0% | 236,991 |
| PLTR | UNCHANGED | 1,895 | 1,895 | 0.0% | 221,090 |
| RLAY | UNCHANGED | 10,000 | 10,000 | 0.0% | 187,100 |
| SDGR | UNCHANGED | 10,000 | 10,000 | 0.0% | 162,500 |
| PLUG | UNCHANGED | 50,000 | 50,000 | 0.0% | 135,500 |
| ARVN | UNCHANGED | 14,000 | 14,000 | 0.0% | 116,340 |
| BCYC | UNCHANGED | 15,000 | 15,000 | 0.0% | 63,600 |
| ELV | CLOSED OUT | 0 | 58,100 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | THE CIGNA GROUP | COM | 125523100 | 62,303,680 | 17.41 | 226000.0 | |
| - | BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 48,276,126 | 13.49 | 96477.0 | |
| VZ | ADDED | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 37,860,428 | 10.58 | 894200.0 |
| SOBO | REDUCED | SOUTH BOW CORP | COM | 83671M105 | 33,530,328 | 9.37 | 951824.0 |
| OKLO | UNCHANGED | OKLO INC | COM CL A | 02156V109 | 30,847,488 | 8.62 | 589480.0 |
| - | TORONTO DOMINION BK ONT | COM NEW | 891160509 | 22,700,794 | 6.34 | 186700.0 | |
| - | BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 | 18,912,230 | 5.28 | 422387.0 | |
| ARES | UNCHANGED | ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 | 13,476,747 | 3.77 | 121074.0 |
| - | DANAHER CORPORATION | COM | 235851102 | 11,934,334 | 3.33 | 62654.0 | |
| UBER | NEW | UBER TECHNOLOGIES INC | COM | 90353T100 | 8,695,280 | 2.43 | 120500.0 |
| - | BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | 4,798,317 | 1.34 | 112663.0 | |
| CCL | UNCHANGED | CARNIVAL CORP | COMMON STOCK | 143658300 | 3,988,429 | 1.11 | 139602.0 |
| BE | REDUCED | BLOOM ENERGY CORP | COM CL A | 093712107 | 3,632,400 | 1.01 | 12000.0 |
| CCJ | UNCHANGED | CAMECO CORP | COM | 13321L108 | 3,312,762 | 0.93 | 32500.0 |
| - | BANK NOVA SCOTIA B C | COM | 064149107 | 3,285,549 | 0.92 | 37800.0 | |
| - | SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 | 3,163,779 | 0.88 | 34524.0 | |
| - | TELIX PHARMACEUTICAL LTD | SPONSORED ADS | 87961M105 | 3,069,286 | 0.86 | 266200.0 | |
| RDNT | UNCHANGED | RADNET INC | COM | 750491102 | 2,590,140 | 0.72 | 42000.0 |
| LEU | UNCHANGED | CENTRUS ENERGY CORP | CL A | 15643U104 | 2,476,083 | 0.69 | 14750.0 |
| GOOGL | UNCHANGED | ALPHABET INC | CAP STK CL A | 02079K305 | 2,425,470 | 0.68 | 6787.0 |
| NVDA | UNCHANGED | NVIDIA CORPORATION | COM | 67066G104 | 2,261,017 | 0.63 | 11300.0 |
| AAPL | UNCHANGED | APPLE INC | COM | 037833100 | 2,180,328 | 0.61 | 7535.0 |
| AMZN | UNCHANGED | AMAZON COM INC | COM | 023135106 | 2,103,351 | 0.59 | 8825.0 |
| GS | REDUCED | GOLDMAN SACHS GROUP INC | COM | 38141G104 | 2,101,627 | 0.59 | 2078.0 |
| - | LANTHEUS HLDGS INC | COM | 516544103 | 1,996,920 | 0.56 | 18000.0 | |
| BWXT | UNCHANGED | BWX TECHNOLOGIES INC | COM | 05605H100 | 1,946,500 | 0.54 | 10000.0 |
| JPM | UNCHANGED | JPMORGAN CHASE & CO | COM | 46625H100 | 1,882,802 | 0.53 | 5752.0 |
| META | UNCHANGED | META PLATFORMS INC | CL A | 30303M102 | 1,834,636 | 0.51 | 3257.0 |
| GEV | UNCHANGED | GE VERNOVA INC | COM | 36828A101 | 1,762,290 | 0.49 | 1500.0 |
| LLY | UNCHANGED | ELI LILLY & CO | COM | 532457108 | 1,748,769 | 0.49 | 1458.0 |
| MSFT | UNCHANGED | MICROSOFT CORP | COM | 594918104 | 1,223,133 | 0.34 | 3279.0 |
| XE | NEW | X-ENERGY INC | COM CL A | 98386P102 | 1,101,600 | 0.31 | 60000.0 |
| - | NUSCALE PWR CORP | CL A COM | 67079K100 | 1,053,150 | 0.29 | 105000.0 | |
| SYY | NEW | SYSCO CORP | COM | 871829107 | 1,013,408 | 0.28 | 12125.0 |
| HEI | UNCHANGED | HEICO CORP | COM | 422806109 | 994,482 | 0.28 | 2792.0 |
| UPS | UNCHANGED | UNITED PARCEL SERVICE INC | COM | 911312106 | 978,250 | 0.27 | 9100.0 |
| MA | UNCHANGED | MASTERCARD INCORPORATED | CL A | 57636Q104 | 863,875 | 0.24 | 1682.0 |
| ONC | UNCHANGED | BEONE MEDICINES LTD | SPONSORED ADS | 07725L102 | 854,910 | 0.24 | 3000.0 |
| CATX | UNCHANGED | PERSPECTIVE THERAPEUTICS INC | COM | 46489V104 | 852,500 | 0.24 | 250000.0 |
| CEG | UNCHANGED | CONSTELLATION ENERGY CORP | COM | 21037T109 | 844,458 | 0.24 | 3400.0 |
| - | SPACE EXPLORATION TECHN CORP | CLASS A COM STK | 84615Q103 | 693,692 | 0.19 | 4060.0 | |
| OLMA | UNCHANGED | OLEMA PHARMACEUTICALS INC | COM | 68062P106 | 625,500 | 0.17 | 50000.0 |
| PANW | UNCHANGED | PALO ALTO NETWORKS INC | COM | 697435105 | 612,472 | 0.17 | 1796.0 |
| CRM | UNCHANGED | SALESFORCE INC | COM | 79466L302 | 607,058 | 0.17 | 3875.0 |
| COIN | UNCHANGED | COINBASE GLOBAL INC | COM CL A | 19260Q107 | 570,872 | 0.16 | 3905.0 |
| - | CROWDSTRIKE HLDGS INC | CL A | 22788C105 | 546,408 | 0.15 | 716.0 | |
| AMGN | UNCHANGED | AMGEN INC | COM | 031162101 | 543,180 | 0.15 | 1500.0 |
| IOVA | UNCHANGED | IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 | 540,800 | 0.15 | 130000.0 |
| ICLR | UNCHANGED | ICON PLC | SHS | G4705A100 | 521,130 | 0.15 | 3000.0 |
| REGN | UNCHANGED | REGENERON PHARMACEUTICALS | COM | 75886F107 | 407,795 | 0.11 | 654.0 |
| - | NUVALENT INC | COM | 670703107 | 247,000 | 0.07 | 2000.0 | |
| ZS | UNCHANGED | ZSCALER INC | COM | 98980G102 | 236,991 | 0.07 | 1679.0 |
| PLTR | UNCHANGED | PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | 221,090 | 0.06 | 1895.0 |
| RLAY | UNCHANGED | RELAY THERAPEUTICS INC | COM | 75943R102 | 187,100 | 0.05 | 10000.0 |
| SDGR | UNCHANGED | SCHRODINGER INC | COM | 80810D103 | 162,500 | 0.05 | 10000.0 |
| PLUG | UNCHANGED | PLUG POWER INC | COM NEW | 72919P202 | 135,500 | 0.04 | 50000.0 |
| ARVN | UNCHANGED | ARVINAS INC | COM | 04335A105 | 116,340 | 0.03 | 14000.0 |
| BCYC | UNCHANGED | BICYCLE THERAPEUTICS PLC | SPONSORED ADS | 088786108 | 63,600 | 0.02 | 15000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | 357,916,684 | 58 | 7.79868 | 0.245702 | 13.737816 |
| 2026-03-31 | 2026-05-14 | 311,618,302 | 55 | 8.635874 | 0.274205 | 14.381068 |
| 2025-12-31 | 2026-02-12 | 332,101,452 | 53 | 10.4756 | 0.304139 | 17.646618 |
| 2025-09-30 | 2025-11-13 | 365,391,456 | 52 | 14.14604 | 0.241234 | 24.686742 |
| 2025-03-31 | 2025-05-14 | 329,193,277 | 49 | 6.025628 | 0.191446 | 12.136936 |
| 2024-12-31 | 2025-02-14 | 389,816,144 | 52 | 6.998358 | 0.253095 | 12.730592 |