Dixon Mitchell Investment Counsel Inc.

VANCOUVER, A1 · CIK 1993485 · 13F filing filed 2025-08-13

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 entityDixon Mitchell Investment Counsel Inc. (CA)

$2.6bn reported value +16.1% vs Q1 2025

70positions

46.2%in top 10

1 new 41 added 15 reduced 34 sold out vs Q1 2025

Holdings, Q2 2025

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	ISHARES TR CORE MSCI EAFE IEFA	IEFA	1,957,583	$163.4m6.35%	6.35%	Added +99.7k	+99,749 5.4%
2	MICROSOFT CORP COM MSFT	MSFT	281,793	$140.3m5.45%	5.45%	Added +10.0k	+9,962 3.7%
3	VISA INC COM CL A V	V	381,025	$135.4m5.26%	5.26%	Added +10.3k	+10,268 2.8%
4	TORONTO DOMINION BK ONT COM NEW TD	TD	1,644,468	$120.8m4.69%	4.69%	Added +21.9k	+21,866 1.4%
5	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	653,838	$120.1m4.67%	4.67%	Reduced -56.5k	-56,540 -8.0%
6	ROYAL BK CDA COM RY	RY	888,459	$116.9m4.54%	4.54%	Added +28.5k	+28,548 3.3%
7	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	218,123	$106.1m4.12%	4.12%	Added +7.8k	+7,812 3.7%
8	BROOKFIELD CORP CL A LTD VT SH BN	BN	1,711,455	$105.7m4.11%	4.11%	Added +37.8k	+37,754 2.3%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	543,289	$95.9m3.73%	3.73%	Added +19.9k	+19,886 3.8%
10	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	209,712	$85.1m3.31%	3.31%	Added +58.4k	+58,358 38.6%
11	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	2,503,764	$83.7m3.25%	3.25%	Added +797.4k	+797,429 46.7%
12	WHEATON PRECIOUS METALS CORP COM WPM	WPM	830,987	$74.5m2.90%	2.90%	Added +12.2k	+12,228 1.5%
13	TFI INTL INC COM TFII	TFII	818,334	$73.7m2.86%	2.86%	Added +251.4k	+251,444 44.4%
14	AMETEK INC COM AME	AME	398,586	$72.1m2.80%	2.80%	Added +11.3k	+11,292 2.9%
15	CANADIAN NAT RES LTD COM CNQ	CNQ	2,172,539	$69.1m2.69%	2.69%	Added +97.8k	+97,844 4.7%
16	METHANEX CORP COM MEOH	MEOH	2,041,412	$67.6m2.63%	2.63%	Added +814.9k	+814,877 66.4%
17	HEICO CORP NEW COM HEI	HEI	201,173	$66.0m2.56%	2.56%	Added +7.4k	+7,364 3.8%
18	AMAZON COM INC COM AMZN	AMZN	280,707	$61.6m2.40%	2.40%	Added +17.6k	+17,639 6.7%
19	DOMINOS PIZZA INC COM DPZ	DPZ	131,660	$59.3m2.31%	2.31%	Added +3.7k	+3,739 2.9%
20	LOWES COS INC COM LOW	LOW	259,423	$57.6m2.24%	2.24%	Added +11.0k	+10,996 4.4%
21	CANADIAN NATL RY CO COM CNI	CNI	520,754	$54.2m2.11%	2.11%	Added +10.9k	+10,927 2.1%
22	ROPER TECHNOLOGIES INC COM ROP	ROP	93,941	$53.3m2.07%	2.07%	Added +3.9k	+3,871 4.3%
23	TEXAS INSTRS INC COM TXN	TXN	254,143	$52.8m2.05%	2.05%	Added +7.7k	+7,734 3.1%
24	META PLATFORMS INC CL A META	META	63,122	$46.6m1.81%	1.81%	Added +17.3k	+17,272 37.7%
25	THOMSON REUTERS CORP COM COM		212,511	$42.6m1.66%	1.66%	Added +2.9k	+2,930 1.4%
26	DANAHER CORPORATION COM DHR	DHR	177,236	$35.1m1.36%	1.36%	Added +11.4k	+11,436 6.9%
27	FORTINET INC COM FTNT	FTNT	323,265	$34.2m1.33%	1.33%	Added +20.7k	+20,679 6.8%
28	CARLISLE COS INC COM CSL	CSL	83,959	$31.4m1.22%	1.22%	Added +5.3k	+5,277 6.7%
29	HCA HEALTHCARE INC COM HCA	HCA	71,843	$27.6m1.07%	1.07%	Added +4.6k	+4,625 6.9%
30	TOPBUILD CORP COM BLD	BLD	80,429	$26.1m1.01%	1.01%	Added +5.2k	+5,156 6.8%
31	MIDDLEBY CORP COM MIDD	MIDD	178,420	$25.7m1.00%	1.00%	Reduced -44.8k	-44,777 -20.1%
32	APPLE INC COM AAPL	AAPL	123,468	$25.4m0.99%	0.99%	Added +4.1k	+4,101 3.4%
33	JPMORGAN CHASE & CO COM JPM	JPM	85,597	$24.9m0.97%	0.97%	Added +6.0k	+5,999 7.5%
34	NETFLIX INC COM NFLX	NFLX	17,596	$23.6m0.92%	0.92%	Added +1.2k	+1,164 7.1%
35	CANADIAN PACIFIC KANSAS CITY COM CP	CP	295,281	$23.4m0.91%	0.91%	Added +8.3k	+8,315 2.9%
36	WASTE CONNECTIONS INC COM WCN	WCN	109,155	$20.4m0.79%	0.79%	Added +3.1k	+3,074 2.9%
37	MANULIFE FINL CORP COM MFC	MFC	620,640	$19.8m0.77%	0.77%	Added +18.7k	+18,694 3.1%
38	COMCAST CORP NEW CL A CMCSA	CMCSA	503,371	$18.0m0.70%	0.70%	Reduced -120.9k	-120,906 -19.4%
39	ORACLE CORP COM ORCL	ORCL	64,864	$14.3m0.56%	0.56%	Added +2.4k	+2,363 3.8%
40	ZOETIS INC CL A ZTS	ZTS	91,784	$14.3m0.56%	0.56%	Added +5.9k	+5,875 6.8%
41	TRIPLE FLAG PRECIOUS METAL COM TFPM	TFPM	563,989	$13.3m0.52%	0.52%	Unchanged
42	MASTERCARD INCORPORATED CL A MA	MA	22,947	$12.9m0.50%	0.50%	Added +1.5k	+1,457 6.8%
43	ATS CORPORATION COM ATS	ATS	402,125	$12.8m0.50%	0.50%	Added +46.0k	+46,000 12.9%
44	NUTRIEN LTD COM NTR	NTR	211,760	$12.4m0.48%	0.48%	Added +5.3k	+5,324 2.6%
45	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	89,011	$11.6m0.45%	0.45%	Reduced -2.0k	-2,000 -2.2%
46	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	76,307	$8.8m0.34%	0.34%	Added +2.5k	+2,467 3.3%
47	DESCARTES SYS GROUP INC COM DSGX	DSGX	84,216	$8.5m0.33%	0.33%	New
48	ISHARES TR CORE US AGGBD ET AGG	AGG	15,604	$1.5m0.06%	0.06%	Unchanged
49	ALPHABET INC CAP STK CL C GOOG	GOOG	3,972	$704.6k0.03%	0.03%	Unchanged
50	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	5,621	$361.1k0.01%	0.01%	Reduced -651	-651 -10.4%
51	BOOKING HOLDINGS INC COM BKNG	BKNG	40	$306.8k0.01%	0.01%	Reduced -2	-2 -4.8%
52	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	415	$257.1k0.01%	0.01%	Reduced -40	-40 -8.8%
53	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	1,472	$148.2k0.01%	0.01%	Unchanged
54	ISHARES TR S&P 100 ETF OEF	OEF	399	$121.4k0.00%	0.00%	Reduced -51	-51 -11.3%
55	ISHARES TR CORE S&P MCP ETF IJH	IJH	1,750	$108.5k0.00%	0.00%	Unchanged
56	COCA COLA CO COM KO	KO	1,521	$108.4k0.00%	0.00%	Unchanged
57	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	109	$60.2k0.00%	0.00%	Reduced -267	-267 -71.0%
58	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	707	$55.6k0.00%	0.00%	Unchanged
59	CVS HEALTH CORP COM CVS	CVS	187	$39.9k0.00%	0.00%	Unchanged
60	GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT GBTC	GBTC	425	$36.1k0.00%	0.00%	Unchanged
61	LIGHTSPEED COMMERCE INC SUB VTG SHS LSPD	LSPD	2,500	$29.3k0.00%	0.00%	Unchanged
62	S&P GLOBAL INC COM SPGI	SPGI	22	$29.0k0.00%	0.00%	Reduced -15.8k	-15,809 -99.9%
63	SUN LIFE FINANCIAL INC. COM SLF	SLF	295	$19.6k0.00%	0.00%	Reduced -455	-455 -60.7%
64	ENBRIDGE INC COM ENB	ENB	103	$17.5k0.00%	0.00%	Reduced -645	-645 -86.2%
65	SUNCOR ENERGY INC NEW COM SU	SU	370	$13.8k0.00%	0.00%	Reduced -360	-360 -49.3%
66	ROGERS COMMUNICATIONS INC CL B RCI	RCI	133	$12.0k0.00%	0.00%	Reduced -181	-181 -57.6%
67	ARK ETF TR INNOVATION ETF ARKK	ARKK	127	$8.9k0.00%	0.00%	Reduced -2.0k	-1,957 -93.9%
68	BAYTEX ENERGY CORP COM BTE	BTE	3,031	$5.5k0.00%	0.00%	Unchanged
69	GRAYSCALE BITCOIN MINI TR ET SHS NEW BTC	BTC	85	$4.1k0.00%	0.00%	Unchanged
70	MOGO INC COM COM		713	$9090.00%	0.00%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
D R HORTON INC DHI	DHI	33	$31.1k33 shares
BANK AMERICA CORP BAC	BAC	500	$20.9k500 shares
AGNICO EAGLE MINES LTD AEM	AEM	178	$19.3k178 shares
TC ENERGY CORP TRP	TRP	335	$16.0k335 shares
NVIDIA CORPORATION NVDA	NVDA	146	$15.8k146 shares
CITIGROUP INC C	C	186	$13.2k186 shares
WEST FRASER TIMBER CO LTD WFG	WFG	162	$12.5k162 shares
COSTCO WHSL CORP NEW COST	COST	13	$12.3k13 shares
PARKER-HANNIFIN CORP PH	PH	19	$11.5k19 shares
MORGAN STANLEY MS	MS	86	$10.0k86 shares
GOLDMAN SACHS GROUP INC GS	GS	17	$9.3k17 shares
PALO ALTO NETWORKS INC PANW	PANW	48	$8.2k48 shares
ELI LILLY & CO LLY	LLY	9	$7.4k9 shares
SELECT SECTOR SPDR TR XLY	XLY	35	$6.9k35 shares
WALMART INC WMT	WMT	75	$6.6k75 shares
ISHARES TR IWM	IWM	30	$6.0k30 shares
JOHNSON & JOHNSON JNJ	JNJ	35	$5.8k35 shares
BLACKROCK INC BLK	BLK	6	$5.7k6 shares
ALAMOS GOLD INC NEW AGI	AGI	165	$4.4k165 shares
PEMBINA PIPELINE CORP PBA	PBA	95	$3.8k95 shares
ARK ETF TR ARKG	ARKG	170	$3.5k170 shares
OSISKO GOLD ROYALTIES LTD		165	$3.5k165 shares
GFL ENVIRONMENTAL INC GFL	GFL	70	$3.4k70 shares
STANTEC INC STN	STN	40	$3.3k40 shares
FORTIS INC FTS	FTS	70	$3.2k70 shares