LOUISBOURG INVESTMENTS INC.

DIEPPE, A3 · CIK 2053050 · 13F filing filed 2026-07-23

SEC-registered investment adviser since 2025 · corporation

Assets managed$2.3bn
Staff28 · 14 in investment roles
Main clients (by assets)Private funds 40%, State and local governments 22%, Insurers 21%
Main officeDieppe, New Brunswick
Websitelouisbourginvestments.com
Form ADV · 2026-03-20SEC adviser record

Legal entityLouisbourg Investments Inc. (CA)

Others nearbyMoncton, Halifax, Montréal, Vancouver

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Dieppe, New Brunswick (main office)Canada	Canada	about 9
BedfordCanada	Canada	3
MontrealCanada	Canada	1
VancouverCanada	Canada	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$542.1m reported value +2.5% vs Q1 2026

210positions

27.7%in top 10

12 new 78 added 57 reduced 18 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	CANADIAN NATL RY CO COM CNI	CNI	251,810	$30.0m5.53%	5.53%	Reduced -35.6k	-35,585 -12.4%
2	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	153,670	$17.5m3.24%	3.24%	Added +30.1k	+30,054 24.3%
3	TECK RESOURCES LTD CL B TECK	TECK	247,135	$14.7m2.71%	2.71%	Added +71.3k	+71,285 40.5%
4	ALPHABET INC CAP STK CL C GOOG	GOOG	45,181	$13.3m2.45%	2.45%	Reduced -5.9k	-5,902 -11.6%
5	ISHARES TR CORE S&P500 ETF IVV	IVV	17,250	$12.9m2.38%	2.38%	Reduced -1.2k	-1,190 -6.5%
6	SUNCOR ENERGY INC NEW COM SU	SU	238,093	$12.8m2.36%	2.36%	Added +155.9k	+155,873 189.6%
7	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	30,530	$12.6m2.33%	2.33%	Reduced -7.1k	-7,079 -18.8%
8	MICROSOFT CORP COM MSFT	MSFT	41,327	$12.4m2.29%	2.29%	Reduced -1.5k	-1,493 -3.5%
9	CENOVUS ENERGY INC COM CVE	CVE	491,348	$12.2m2.24%	2.24%	Added +266.2k	+266,168 118.2%
10	BROOKFIELD CORP CL A LTD VT SH BN	BN	269,568	$11.5m2.12%	2.12%	Added +4.6k	+4,624 1.8%
11	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	14,348	$9.9m1.82%	1.82%	Added +482	+482 3.5%
12	ISHARES TR CORE MSCI EAFE IEFA	IEFA	98,511	$9.5m1.76%	1.76%	Added +3.3k	+3,322 3.5%
13	AMAZON COM INC COM AMZN	AMZN	49,875	$9.5m1.75%	1.75%	Added +454	+454 0.9%
14	BROADCOM INC COM AVGO	AVGO	28,622	$9.0m1.66%	1.66%	Reduced -724	-724 -2.5%
15	BLACKBERRY LTD COM BB	BB	679,400	$8.6m1.58%	1.58%	New
16	SALESFORCE INC COM CRM	CRM	68,166	$8.4m1.56%	1.56%	Added +14.0k	+14,029 25.9%
17	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	86,932	$8.1m1.50%	1.50%	Added +11.1k	+11,050 14.6%
18	GILDAN ACTIVEWEAR INC COM GIL	GIL	153,538	$7.9m1.46%	1.46%	Reduced -2.0k	-2,010 -1.3%
19	NUTRIEN LTD COM NTR	NTR	123,328	$7.8m1.43%	1.43%	Added +51.3k	+51,269 71.2%
20	META PLATFORMS INC CL A META	META	17,224	$7.7m1.43%	1.43%	Added +2.3k	+2,332 15.7%
21	T-MOBILE US INC COM TMUS	TMUS	56,392	$7.4m1.36%	1.36%	Added +12.1k	+12,074 27.2%
22	WHEATON PRECIOUS METALS CORP COM WPM	WPM	65,229	$7.3m1.35%	1.35%	Reduced -20.3k	-20,349 -23.8%
23	THOMSON REUTERS CORP COM TRI	TRI	89,435	$7.3m1.35%	1.35%	New
24	MDA SPACE LTD COM MDA	MDA	172,125	$7.1m1.31%	1.31%	Added +165.2k	+165,250 2403.6%
25	CANADIAN NAT RES LTD COM CNQ	CNQ	176,650	$7.0m1.29%	1.29%	Added +43.7k	+43,661 32.8%
26	STANTEC INC COM STN	STN	101,252	$7.0m1.29%	1.29%	Added +22.7k	+22,684 28.9%
27	PEMBINA PIPELINE CORP COM PBA	PBA	141,477	$6.5m1.21%	1.21%	Added +12.0k	+11,979 9.2%
28	BOYD GROUP SERVICES INC COM BGSI	BGSI	68,068	$6.4m1.19%	1.19%	Added +16.8k	+16,834 32.9%
29	LIGHTSPEED COMMERCE INC SUB VTG SHS LSPD	LSPD	577,980	$6.0m1.11%	1.11%	Reduced -94.8k	-94,784 -14.1%
30	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	8	$6.0m1.11%	1.11%	Unchanged
31	BOSTON SCIENTIFIC CORP COM BSX	BSX	182,953	$6.0m1.10%	1.10%	Added +98.9k	+98,866 117.6%
32	OTIS WORLDWIDE CORP COM OTIS	OTIS	103,067	$5.8m1.07%	1.07%	Added +19.4k	+19,360 23.1%
33	DESCARTES SYS GROUP INC COM DSGX	DSGX	83,216	$5.8m1.06%	1.06%	Added +3.5k	+3,512 4.4%
34	BECTON DICKINSON & CO COM BDX	BDX	48,315	$5.6m1.04%	1.04%	Added +2.2k	+2,151 4.7%
35	COSTAR GROUP INC COM CSGP	CSGP	256,336	$5.5m1.01%	1.01%	Added +81.2k	+81,250 46.4%
36	FRANCO NEV CORP COM FNV	FNV	26,363	$5.5m1.01%	1.01%	Reduced -3.5k	-3,469 -11.6%
37	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	62,704	$5.4m1.00%	1.00%	Reduced -26.8k	-26,814 -29.9%
38	JACOBS SOLUTIONS INC COM J	J	53,328	$5.4m1.00%	1.00%	Added +11.4k	+11,391 27.2%
39	OR ROYALTIES INC. COM SHS OR	OR	169,447	$5.4m0.99%	0.99%	Reduced -52.3k	-52,325 -23.6%
40	ROYAL BK CDA COM RY	RY	25,705	$5.3m0.98%	0.98%	Reduced -522	-522 -2.0%
41	RESTAURANT BRANDS INTL INC COM QSR	QSR	71,930	$5.2m0.96%	0.96%	Added +11.9k	+11,871 19.8%
42	HUDBAY MINERALS INC COM HBM	HBM	220,100	$5.2m0.96%	0.96%	Reduced -65.8k	-65,800 -23.0%
43	FIRST MAJESTIC SILVER CORP COM AG	AG	304,700	$5.2m0.95%	0.95%	Added +25.1k	+25,100 9.0%
44	METHANEX CORP COM MEOH	MEOH	108,820	$5.0m0.93%	0.93%	Added +108.8k	+108,800 544000.0%
45	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	24,991	$5.0m0.92%	0.92%	Added +2.5k	+2,525 11.2%
46	ABBOTT LABS COM ABT	ABT	67,648	$4.7m0.87%	0.87%	Added +8.4k	+8,360 14.1%
47	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	77,276	$4.6m0.85%	0.85%	Added +2.6k	+2,594 3.5%
48	TORONTO DOMINION BK ONT COM NEW TD	TD	37,773	$4.6m0.85%	0.85%	Reduced -9.5k	-9,481 -20.1%
49	DISNEY WALT CO COM DIS	DIS	58,773	$4.5m0.83%	0.83%	Reduced -431	-431 -0.7%
50	FIRSTSERVICE CORP NEW COM FSV	FSV	31,490	$4.5m0.82%	0.82%	Added +1.1k	+1,103 3.6%
51	ROGERS COMMUNICATIONS INC CL B RCI	RCI	131,920	$4.3m0.79%	0.79%	Added +5.0k	+5,019 4.0%
52	CBRE GROUP INC CL A CBRE	CBRE	38,605	$4.2m0.78%	0.78%	Added +12.4k	+12,364 47.1%
53	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	137,159	$4.1m0.76%	0.76%	Added +59.1k	+59,130 75.8%
54	CONOCOPHILLIPS COM COP	COP	50,778	$4.0m0.75%	0.75%	Added +6.7k	+6,665 15.1%
55	DOLLAR TREE INC COM DLTR	DLTR	41,416	$4.0m0.74%	0.74%	Reduced -215	-215 -0.5%
56	AGILENT TECHNOLOGIES INC COM A	A	36,056	$4.0m0.73%	0.73%	Reduced -10.3k	-10,313 -22.2%
57	GREENFIRE RES LTD NEW COM SHS GFR	GFR	661,980	$3.7m0.69%	0.69%	Added +250.0k	+250,000 60.7%
58	CGI INC CL A SUB VTG GIB	GIB	57,105	$3.7m0.68%	0.68%	Reduced -21.7k	-21,707 -27.5%
59	ELEMENTAL RTY CORP COM NEW ELE	ELE	209,002	$3.7m0.67%	0.67%	Added +91.6k	+91,627 78.1%
60	UNITED RENTALS INC COM URI	URI	3,689	$3.6m0.67%	0.67%	Reduced -5.0k	-5,017 -57.6%
61	KKR & CO INC COM KKR	KKR	47,424	$3.4m0.63%	0.63%	Reduced -9.4k	-9,421 -16.6%
62	VISA INC COM CL A V	V	12,869	$3.4m0.62%	0.62%	Added +145	+145 1.1%
63	TETRA TECH INC NEW COM TTEK	TTEK	147,261	$3.4m0.62%	0.62%	Added +27.3k	+27,291 22.8%
64	SAP SE SPON ADR SAP	SAP	21,680	$3.3m0.62%	0.62%	Added +4.0k	+4,000 22.6%
65	BANK NEW YORK MELLON CORP COM BNY	BNY	29,885	$3.2m0.60%	0.60%	Reduced -8.6k	-8,612 -22.4%
66	ALLEGION PLC ORD SHS ALLE	ALLE	28,811	$3.2m0.60%	0.60%	Added +4.7k	+4,672 19.4%
67	ATS CORPORATION COM ATS	ATS	111,104	$3.2m0.59%	0.59%	Added +26.2k	+26,249 30.9%
68	MARSH & MCLENNAN COS INC COM MRSH 4.35 01.30.47	MRSH 4.35 01.30.47	25,536	$3.2m0.59%	0.59%	Added +91	+91 0.4%
69	DANAHER CORPORATION COM DHR	DHR	21,855	$3.1m0.57%	0.57%	Added +2.8k	+2,761 14.5%
70	DOLLAR GEN CORP NEW COM DG	DG	35,364	$3.1m0.57%	0.57%	Added +5.3k	+5,350 17.8%
71	NETFLIX INC COM NFLX	NFLX	52,363	$3.0m0.56%	0.56%	Added +9.3k	+9,262 21.5%
72	DOCEBO INC COM DCBO	DCBO	160,037	$2.9m0.53%	0.53%	Added +65.5k	+65,465 69.2%
73	METALLA RTY & STREAMING LTD COM NEW MTA	MTA	355,342	$2.7m0.50%	0.50%	Reduced -5.0k	-5,000 -1.4%
74	MCDONALDS CORP COM MCD	MCD	10,620	$2.4m0.45%	0.45%	Added +51	+51 0.5%
75	ULTA BEAUTY INC COM ULTA	ULTA	6,754	$2.3m0.43%	0.43%	Added +1.3k	+1,299 23.8%
76	JOHNSON & JOHNSON COM JNJ	JNJ	9,986	$2.3m0.43%	0.43%	Reduced -11.0k	-11,030 -52.5%
77	UNION PAC CORP COM UNP	UNP	9,551	$2.3m0.42%	0.42%	Reduced -8.5k	-8,471 -47.0%
78	ALPHABET INC CAP STK CL A GOOGL	GOOGL	6,315	$2.3m0.42%	0.42%	Reduced -15	-15 -0.2%
79	COSTCO WHSL CORP NEW COM COST	COST	2,200	$2.1m0.38%	0.38%	Unchanged
80	WELLS FARGO CO NEW COM WFC	WFC	32,092	$2.0m0.37%	0.37%	Added +249	+249 0.8%
81	SUNBELT RENTALS HOLDINGS INC SHS SUNB	SUNB	27,187	$1.9m0.36%	0.36%	Reduced -5.4k	-5,400 -16.6%
82	WALMART INC COM WMT	WMT	17,000	$1.9m0.36%	0.36%	Unchanged
83	CANADIAN PACIFIC KANSAS CITY COM CP	CP	20,754	$1.8m0.33%	0.33%	Reduced -79	-79 -0.4%
84	TJX COS INC NEW COM TJX	TJX	10,839	$1.6m0.30%	0.30%	Added +192	+192 1.8%
85	BANK MONTREAL QUE COM BMO	BMO	8,422	$1.5m0.27%	0.27%	Added +22	+22 0.3%
86	ENTEGRIS INC COM ENTG	ENTG	10,203	$1.4m0.26%	0.26%	Reduced -18.1k	-18,126 -64.0%
87	HOME DEPOT INC COM HD	HD	4,000	$1.4m0.26%	0.26%	Unchanged
88	FORTIS INC COM FTS	FTS	24,371	$1.4m0.26%	0.26%	Added +5.3k	+5,317 27.9%
89	ISHARES TR GLB INFRASTR ETF IGF	IGF	19,584	$1.3m0.24%	0.24%	Added +577	+577 3.0%
90	SHELL PLC SPON ADS SHEL	SHEL	14,490	$1.1m0.21%	0.21%	Unchanged
91	CENTERPOINT ENERGY INC COM CNP	CNP	32,334	$1.1m0.20%	0.20%	Reduced -14.4k	-14,379 -30.8%
92	BHP GROUP LTD SPONSORED ADS BHP	BHP	12,680	$1.1m0.19%	0.19%	Unchanged
93	SUMITOMO MITSUI FINL GROUP I SPONSORED ADR SMFG	SMFG	44,652	$1.1m0.19%	0.19%	Unchanged
94	RIO TINTO PLC SPONSORED ADR RIO	RIO	11,080	$1.1m0.19%	0.19%	Unchanged
95	MITSUBISHI UFJ FINL GROUP IN SPONSORED ADS MUFG	MUFG	52,032	$1.0m0.19%	0.19%	Unchanged
96	ENBRIDGE INC COM ENB	ENB	18,783	$1.0m0.19%	0.19%	Added +825	+825 4.6%
97	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	9,264	$914.4k0.17%	0.17%	Reduced -3.2k	-3,192 -25.6%
98	ROSS STORES INC COM ROST	ROST	4,677	$892.8k0.16%	0.16%	Reduced -1.4k	-1,415 -23.2%
99	NVIDIA CORPORATION COM NVDA	NVDA	4,275	$855.4k0.16%	0.16%	Reduced -30	-30 -0.7%
100	TC ENERGY CORP COM TRP	TRP	11,092	$733.1k0.14%	0.14%	Added +117	+117 1.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SSR MINING IN SSRM	SSRM	225,400	$6.6m225.4k shares
THOMSON REUTERS CORP		72,832	$6.6m72.8k shares
ENERGY FUELS INC UUUU	UUUU	339,500	$6.2m339.5k shares
KINROSS GOLD CORP KGC	KGC	196,100	$6.0m196.1k shares
IAMGOLD CORP IAG	IAG	318,300	$6.0m318.3k shares
COEUR MNG INC CDE	CDE	292,481	$5.5m292.5k shares
EQUINOX GOLD CORP EQX	EQX	375,900	$5.4m375.9k shares
IMPERIAL OIL LTD IMO	IMO	2,580	$337.3k2.6k shares
WESTERN DIGITAL CORP WDC	WDC	925	$250.2k925 shares
MOLSON COORS BEVERAGE CO TAP	TAP	3,690	$158.9k3.7k shares
LEIDOS HOLDINGS INC LDOS	LDOS	955	$148.5k955 shares
COCA COLA CO KO	KO	332	$25.2k332 shares
ECOLAB INC ECL	ECL	86	$22.9k86 shares
CIRCLE INTERNET GROUP INC CRCL	CRCL	81	$7.7k81 shares
COINBASE GLOBAL INC COIN	COIN	23	$4.0k23 shares
ARCHER AVIATION INC ACHR	ACHR	745	$3.9k745 shares
ROBINHOOD MKTS INC HOOD	HOOD	28	$1.9k28 shares
DEFINIUM THERAPEUTICS INC DFTX	DFTX	52	$98352 shares