PORTLAND INVESTMENT COUNSEL INC.

BURLINGTON, A6 · CIK 1081668 · 13F filing filed 2026-08-13

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityPORTLAND INVESTMENT COUNSEL INC. (CA)

Others nearbyOakville

$357.9m reported value +14.9% vs Q1 2026

58positions

80.6%in top 10

4 new 3 added 5 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	THE CIGNA GROUP COM CI	CI	226,000	$62.3m17.41%	17.41%	Added +153.8k	+153,800 213.0%
2	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	96,477	$48.3m13.49%	13.49%	Reduced -8.4k	-8,400 -8.0%
3	VERIZON COMMUNICATIONS INC COM VZ	VZ	894,200	$37.9m10.58%	10.58%	Added +29.2k	+29,200 3.4%
4	SOUTH BOW CORP COM SOBO	SOBO	951,824	$33.5m9.37%	9.37%	Reduced -18.2k	-18,237 -1.9%
5	OKLO INC COM CL A OKLO	OKLO	589,480	$30.8m8.62%	8.62%	Unchanged
6	TORONTO DOMINION BK ONT COM NEW TD	TD	186,700	$22.7m6.34%	6.34%	Reduced -5.3k	-5,300 -2.8%
7	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	422,387	$18.9m5.28%	5.28%	Unchanged
8	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	121,074	$13.5m3.77%	3.77%	Unchanged
9	DANAHER CORPORATION COM DHR	DHR	62,654	$11.9m3.33%	3.33%	Unchanged
10	UBER TECHNOLOGIES INC COM UBER	UBER	120,500	$8.7m2.43%	2.43%	New
11	BROOKFIELD CORP CL A LTD VT SH BN	BN	112,663	$4.8m1.34%	1.34%	Unchanged
12	CARNIVAL CORP UNIT 99/99/9999 UNIT 99/99/9999		139,602	$4.0m1.11%	1.11%	Unchanged
13	BLOOM ENERGY CORP COM CL A BE	BE	12,000	$3.6m1.01%	1.01%	Reduced -6.0k	-6,000 -33.3%
14	CAMECO CORP COM CCJ	CCJ	32,500	$3.3m0.93%	0.93%	Unchanged
15	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	37,800	$3.3m0.92%	0.92%	Unchanged
16	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	34,524	$3.2m0.88%	0.88%	Added +18.8k	+18,750 118.9%
17	TELIX PHARMACEUTICAL LTD SPONSORED ADS TLX	TLX	266,200	$3.1m0.86%	0.86%	Unchanged
18	RADNET INC COM RDNT	RDNT	42,000	$2.6m0.72%	0.72%	Unchanged
19	CENTRUS ENERGY CORP CL A LEU	LEU	14,750	$2.5m0.69%	0.69%	Unchanged
20	ALPHABET INC CAP STK CL A GOOGL	GOOGL	6,787	$2.4m0.68%	0.68%	Unchanged
21	NVIDIA CORPORATION COM NVDA	NVDA	11,300	$2.3m0.63%	0.63%	Unchanged
22	APPLE INC COM AAPL	AAPL	7,535	$2.2m0.61%	0.61%	Unchanged
23	AMAZON COM INC COM AMZN	AMZN	8,825	$2.1m0.59%	0.59%	Unchanged
24	GOLDMAN SACHS GROUP INC COM GS	GS	2,078	$2.1m0.59%	0.59%	Reduced -200	-200 -8.8%
25	LANTHEUS HLDGS INC COM LNTH	LNTH	18,000	$2.0m0.56%	0.56%	Unchanged
26	BWX TECHNOLOGIES INC COM BWXT	BWXT	10,000	$1.9m0.54%	0.54%	Unchanged
27	JPMORGAN CHASE & CO COM JPM	JPM	5,752	$1.9m0.53%	0.53%	Unchanged
28	META PLATFORMS INC CL A META	META	3,257	$1.8m0.51%	0.51%	Unchanged
29	GE VERNOVA INC COM GEV	GEV	1,500	$1.8m0.49%	0.49%	Unchanged
30	ELI LILLY & CO COM LLY	LLY	1,458	$1.7m0.49%	0.49%	Unchanged
31	MICROSOFT CORP COM MSFT	MSFT	3,279	$1.2m0.34%	0.34%	Unchanged
32	X-ENERGY INC COM CL A XE	XE	60,000	$1.1m0.31%	0.31%	New
33	NUSCALE PWR CORP CL A COM SMR	SMR	105,000	$1.1m0.29%	0.29%	Unchanged
34	SYSCO CORP COM SYY	SYY	12,125	$1.0m0.28%	0.28%	New
35	HEICO CORP NEW COM HEI	HEI	2,792	$994.5k0.28%	0.28%	Unchanged
36	UNITED PARCEL SERVICE INC CL B UPS	UPS	9,100	$978.2k0.27%	0.27%	Unchanged
37	MASTERCARD INCORPORATED CL A MA	MA	1,682	$863.9k0.24%	0.24%	Unchanged
38	BEIGENE LTD SPONSORED ADR ONC	ONC	3,000	$854.9k0.24%	0.24%	Unchanged
39	PERSPECTIVE THERAPEUTICS INC COM ISR	ISR	250,000	$852.5k0.24%	0.24%	Unchanged
40	CONSTELLATION ENERGY CORP COM CEG	CEG	3,400	$844.5k0.24%	0.24%	Unchanged
41	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	4,060	$693.7k0.19%	0.19%	New
42	OLEMA PHARMACEUTICALS INC COM OLMA	OLMA	50,000	$625.5k0.17%	0.17%	Unchanged
43	PALO ALTO NETWORKS INC COM PANW	PANW	1,796	$612.5k0.17%	0.17%	Unchanged
44	SALESFORCE INC COM CRM	CRM	3,875	$607.1k0.17%	0.17%	Unchanged
45	COINBASE GLOBAL INC COM CL A COIN	COIN	3,905	$570.9k0.16%	0.16%	Unchanged
46	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	716	$546.4k0.15%	0.15%	Unchanged
47	AMGEN INC COM AMGN	AMGN	1,500	$543.2k0.15%	0.15%	Unchanged
48	IOVANCE BIOTHERAPEUTICS INC COM IOVA	IOVA	130,000	$540.8k0.15%	0.15%	Unchanged
49	ICON PLC SHS ICLR	ICLR	3,000	$521.1k0.15%	0.15%	Unchanged
50	REGENERON PHARMACEUTICALS COM REGN	REGN	654	$407.8k0.11%	0.11%	Unchanged
51	NUVALENT INC COM COM		2,000	$247.0k0.07%	0.07%	Unchanged
52	ZSCALER INC COM ZS	ZS	1,679	$237.0k0.07%	0.07%	Unchanged
53	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	1,895	$221.1k0.06%	0.06%	Unchanged
54	RELAY THERAPEUTICS INC COM RLAY	RLAY	10,000	$187.1k0.05%	0.05%	Unchanged
55	SCHRODINGER INC COM SDGR	SDGR	10,000	$162.5k0.05%	0.05%	Unchanged
56	PLUG POWER INC COM NEW PLUG	PLUG	50,000	$135.5k0.04%	0.04%	Unchanged
57	ARVINAS INC COM ARVN	ARVN	14,000	$116.3k0.03%	0.03%	Unchanged
58	BICYCLE THERAPEUTICS PLC SPONSORED ADS BCYC	BCYC	15,000	$63.6k0.02%	0.02%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ELEVANCE HEALTH INC ELV	ELV	58,100	$17.0m58.1k shares