Vault-13

HughesLittle Investment Management Ltd.

Vancouver, A1 · CIK 2106035 · 13F filing filed 2026-03-20

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.

$333.0m reported value +9.9% vs Q1 2023
15positions
91.5%in top 10
0 new 3 added 4 reduced 0 sold out vs Q1 2023

Options: 1 call positions ($20.6m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2023

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

#SecurityTickerShares Value% of portfolioChangeShares change
1 VISA INC COM CL A V V 178,320 $42.3m12.72% 12.72% UnchangedShares held: Q3 2022 178.4k, Q4 2022 178.3k, Q1 2023 178.3k, Q2 2023 178.3k
2 APPLE INC COM AAPL AAPL 206,343 $40.0m12.02% 12.02% ReducedShares held: Q3 2022 231.0k, Q4 2022 230.8k, Q1 2023 224.4k, Q2 2023 206.3k -18.0k -18,030 -8.0%
3 SCHWAB CHARLES CORP COM SCHW SCHW 676,590 $38.3m11.52% 11.52% AddedShares held: Q3 2022 657.7k, Q4 2022 639.9k, Q1 2023 513.5k, Q2 2023 676.6k +163.1k +163,100 31.8%
4 BROOKFIELD CORP CL A LTD VT SH BN BN 1,043,610 $35.2m10.56% 10.56% UnchangedShares held: Q3 2022 0, Q4 2022 1.0m, Q1 2023 1.0m, Q2 2023 1.0m
5 AMAZON COM INC COM AMZN AMZN 234,265 $30.5m9.17% 9.17% UnchangedShares held: Q3 2022 236.3k, Q4 2022 233.2k, Q1 2023 234.3k, Q2 2023 234.3k
6 MASTERCARD INCORPORATED CL A MA MA 63,782 $25.1m7.53% 7.53% UnchangedShares held: Q3 2022 63.8k, Q4 2022 63.8k, Q1 2023 63.8k, Q2 2023 63.8k
7 MOODYS CORP COM MCO MCO 71,893 $25.0m7.51% 7.51% ReducedShares held: Q3 2022 82.9k, Q4 2022 82.9k, Q1 2023 80.9k, Q2 2023 71.9k -9.0k -9,015 -11.1%
8 ASML HOLDING N V N Y REGISTRY SHS ASML ASML 33,610 $24.4m7.32% 7.32% AddedShares held: Q3 2022 24.1k, Q4 2022 24.1k, Q1 2023 28.3k, Q2 2023 33.6k +5.3k +5,285 18.7%
9 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM TSM 235,055 $23.7m7.12% 7.12% ReducedShares held: Q3 2022 233.8k, Q4 2022 233.8k, Q1 2023 239.3k, Q2 2023 235.1k -4.3k -4,255 -1.8%
10 ALPHABET INC CAP STK CL A GOOGL GOOGL 166,970 $20.0m6.00% 6.00% ReducedShares held: Q3 2022 457.5k, Q4 2022 455.1k, Q1 2023 225.7k, Q2 2023 167.0k -58.7k -58,680 -26.0%
11 COLLIERS INTL GROUP INC SUB VTG SHS CIGI CIGI 191,490 $18.8m5.65% 5.65% AddedShares held: Q3 2022 164.0k, Q4 2022 170.0k, Q1 2023 172.6k, Q2 2023 191.5k +18.9k +18,900 10.9%
12 BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM BAM 260,899 $8.5m2.56% 2.56% UnchangedShares held: Q3 2022 0, Q4 2022 260.9k, Q1 2023 260.9k, Q2 2023 260.9k
13 BERKSHIRE HATHAWAY INC DEL CL A BRK.A BRK.A 1 $517.8k0.16% 0.16% UnchangedShares held: Q3 2022 1, Q4 2022 1, Q1 2023 1, Q2 2023 1
14 COSTCO WHSL CORP NEW COM COST COST 675 $363.4k0.11% 0.11% UnchangedShares held: Q3 2022 675, Q4 2022 675, Q1 2023 675, Q2 2023 675
15 UNION PAC CORP COM UNP UNP 1,050 $214.9k0.06% 0.06% UnchangedShares held: Q3 2022 1.1k, Q4 2022 1.1k, Q1 2023 1.1k, Q2 2023 1.1k

Options (notional value)

UnderlyingTickerTypeShares controlled NotionalChange
LAUDER ESTEE COS INC EL · Call ELCall 104,685 $20.6m104.7k shares Unchanged