PORTLAND INVESTMENT COUNSEL INC. Concentrated Active

Location: Burlington, Ontario, Canada

CIK: 0001081668 · Show all filings

Period: Q1 2016 (← Previous) (Next →)

Filing Date: May 12, 2016

Total Value: $48.69M (100.0% shares, 0.0% debt)

Holdings (37)

— CRESCENT PT ENERGY CORP 18.4%

Value $8.937M Shares 645,051 Est. Cost $18.39 Unrealized —

BTE BAYTEX ENERGY CORP 18.2%

Value $8.854M Shares 2,239,154 Est. Cost $7.86 Unrealized -68.2%

BNS BANK N S HALIFAX 12.7%

Value $6.201M Shares 126,884 Est. Cost $30.79 Unrealized -17.2%

RY ROYAL BK CDA MONTREAL QUE 7.7%

Value $3.768M Shares 65,400 Est. Cost $64.64 Unrealized -19.8%

ARCC ARES CAP CORP 3.7%

Value $1.778M Shares 119,825 Est. Cost $5.58 Unrealized -3.8%

— BROOKFIELD PPTY PARTNERS L P 3.5%

Value $1.716M Shares 74,189 Est. Cost $22.53 Unrealized —

IVZ INVESCO LTD 2.9%

Value $1.425M Shares 46,306 Est. Cost $22.11 Unrealized -16.8%

— BERKSHIRE HATHAWAY INC DEL 2.9%

Value $1.389M Shares 9,790 Est. Cost $141.88 Unrealized —

JPM JPMORGAN CHASE & CO 2.8%

Value $1.368M Shares 23,095 Est. Cost $37.69 Unrealized +19.0%

BIP BROOKFIELD INFRAST PARTNERS 2.3%

Value $1.111M Shares 26,375 Est. Cost $43.25 Unrealized —

C CITIGROUP INC 2.2%

Value $1.048M Shares 25,112 Est. Cost $35.62 Unrealized -12.3%

TD TORONTO DOMINION BK ONT 2.1%

Value $1.025M Shares 23,735 Est. Cost $48.30 Unrealized -20.1%

BCE BCE INC 2.0%

Value $969K Shares 21,251 Est. Cost $23.31 Unrealized -0.2%

CM CDN IMPERIAL BK COMM TORONTO 1.9%

Value $949K Shares 12,700 Est. Cost $22.68 Unrealized -8.0%

AFL AFLAC INC 1.7%

Value $808K Shares 12,800 Est. Cost $23.30 Unrealized +1.2%

BMO BANK MONTREAL QUE 1.5%

Value $735K Shares 12,110 Est. Cost $45.57 Unrealized -19.2%

BCS BARCLAYS PLC 1.3%

Value $641K Shares 74,343 Est. Cost $17.11 Unrealized —

— BROOKFIELD ASSET MGMT INC 1.2%

Value $576K Shares 16,570 Est. Cost $34.97 Unrealized —

— ROYAL DUTCH SHELL PLC 0.9%

Value $442K Shares 9,117 Est. Cost $57.65 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.8%

Value $408K Shares 2,600 Est. Cost $129.30 Unrealized -2.4%

— SYNGENTA AG 0.8%

Value $403K Shares 4,870 Est. Cost $74.11 Unrealized —

— FIFTH STR SR FLOATNG RATE CO 0.8%

Value $376K Shares 47,390 Est. Cost $9.61 Unrealized —

BAC BANK AMER CORP 0.7%

Value $365K Shares 27,000 Est. Cost $10.79 Unrealized +0.6%

PG PROCTER & GAMBLE 0.7%

Value $346K Shares 4,200 Est. Cost $61.64 Unrealized 0.0%

— TOTAL S A 0.7%

Value $335K Shares 7,371 Est. Cost $49.06 Unrealized —

JNJ JOHNSON & JOHNSON 0.7%

Value $326K Shares 3,014 Est. Cost $78.77 Unrealized 0.0%

T AT&T INC 0.7%

Value $320K Shares 8,170 Est. Cost $11.81 Unrealized +17.2%

— ROYAL BK SCOTLAND GROUP PLC 0.6%

Value $287K Shares 45,000 Est. Cost $8.54 Unrealized —

— BHP BILLITON PLC 0.6%

Value $275K Shares 12,088 Est. Cost $47.52 Unrealized —

ING ING GROEP N V 0.5%

Value $251K Shares 21,000 Est. Cost $10.25 Unrealized —

DEO DIAGEO P L C 0.5%

Value $251K Shares 2,324 Est. Cost $112.97 Unrealized —

— iSHARES DOW JONES EPAC 0.4%

Value $203K Shares 7,000 Est. Cost $29.00 Unrealized —

ABBNY ABB LTD 0.4%

Value $202K Shares 10,377 Est. Cost $21.65 Unrealized —

— ALCENTRA CAP CORP 0.4%

Value $195K Shares 16,793 Est. Cost $11.58 Unrealized —

— BLACKROCK CAPITAL INVESTMENT 0.3%

Value $160K Shares 17,000 Est. Cost $9.42 Unrealized —

— HERTZ GLOBAL HOLDINGS INC 0.3%

Value $135K Shares 12,775 Est. Cost $13.72 Unrealized —

SMFG SUMITOMO MITSUI FINL GROUP I 0.2%

Value $108K Shares 18,000 Est. Cost $8.33 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	CRESCENT PT ENERGY CORP	645,051	$8.937M	18.4%	$18.39	—	COM	22576C101
BTE	BAYTEX ENERGY CORP	2,239,154	$8.854M	18.2%	$7.86	-68.2%	COM	07317Q105
BNS	BANK N S HALIFAX	126,884	$6.201M	12.7%	$30.79	-17.2%	COM	064149107
RY	ROYAL BK CDA MONTREAL QUE	65,400	$3.768M	7.7%	$64.64	-19.8%	COM	780087102
ARCC	ARES CAP CORP	119,825	$1.778M	3.7%	$5.58	-3.8%	COM	04010L103
—	BROOKFIELD PPTY PARTNERS L P	74,189	$1.716M	3.5%	$22.53	—	UNIT LTD PARTN	G16249107
IVZ	INVESCO LTD	46,306	$1.425M	2.9%	$22.11	-16.8%	SHS	G491BT108
—	BERKSHIRE HATHAWAY INC DEL	9,790	$1.389M	2.9%	$141.88	—	CL B NEW	84670702
JPM	JPMORGAN CHASE & CO	23,095	$1.368M	2.8%	$37.69	+19.0%	COM	46625H100
BIP	BROOKFIELD INFRAST PARTNERS	26,375	$1.111M	2.3%	$43.25	—	LP INT UNIT	G16252101
C	CITIGROUP INC	25,112	$1.048M	2.2%	$35.62	-12.3%	COM NEW	172967424
TD	TORONTO DOMINION BK ONT	23,735	$1.025M	2.1%	$48.30	-20.1%	COM NEW	891160509
BCE	BCE INC	21,251	$969K	2.0%	$23.31	-0.2%	COM NEW	05534B760
CM	CDN IMPERIAL BK COMM TORONTO	12,700	$949K	1.9%	$22.68	-8.0%	COM	136069101
AFL	AFLAC INC	12,800	$808K	1.7%	$23.30	+1.2%	COM	001055102
BMO	BANK MONTREAL QUE	12,110	$735K	1.5%	$45.57	-19.2%	COM	063671101
BCS	BARCLAYS PLC	74,343	$641K	1.3%	$17.11	—	ADR	06738E204
—	BROOKFIELD ASSET MGMT INC	16,570	$576K	1.2%	$34.97	—	CL A LTD VT SH	112585104
—	ROYAL DUTCH SHELL PLC	9,117	$442K	0.9%	$57.65	—	SPONS ADR A	780259206
GS	GOLDMAN SACHS GROUP INC	2,600	$408K	0.8%	$129.30	-2.4%	COM	38141G104
—	SYNGENTA AG	4,870	$403K	0.8%	$74.11	—	SPONSORED ADR	87160A100
—	FIFTH STR SR FLOATNG RATE CO	47,390	$376K	0.8%	$9.61	—	COM	31679F101
BAC	BANK AMER CORP	27,000	$365K	0.7%	$10.79	+0.6%	COM	060505104
PG	PROCTER & GAMBLE	4,200	$346K	0.7%	$61.64	0.0%	COM	742718109
—	TOTAL S A	7,371	$335K	0.7%	$49.06	—	SPONSORED ADR	89151E109
JNJ	JOHNSON & JOHNSON	3,014	$326K	0.7%	$78.77	0.0%	COM	478160104
T	AT&T INC	8,170	$320K	0.7%	$11.81	+17.2%	COM	00206R102
—	ROYAL BK SCOTLAND GROUP PLC	45,000	$287K	0.6%	$8.54	—	SPONS ADR 20 ORD	780097689
—	BHP BILLITON PLC	12,088	$275K	0.6%	$47.52	—	SPONSORED ADR	05545E209
ING	ING GROEP N V	21,000	$251K	0.5%	$10.25	—	SPONSORED ADR	456837103
DEO	DIAGEO P L C	2,324	$251K	0.5%	$112.97	—	SPON ADR NEW	25243Q205
—	iSHARES DOW JONES EPAC	7,000	$203K	0.4%	$29.00	—	SHS BEN INT	45032K102
ABBNY	ABB LTD	10,377	$202K	0.4%	$21.65	—	SPONSORED ADR	000375204
—	ALCENTRA CAP CORP	16,793	$195K	0.4%	$11.58	—	COM	01374T102
—	BLACKROCK CAPITAL INVESTMENT	17,000	$160K	0.3%	$9.42	—	COM	092533108
—	HERTZ GLOBAL HOLDINGS INC	12,775	$135K	0.3%	$13.72	—	COM	42805T105
SMFG	SUMITOMO MITSUI FINL GROUP I	18,000	$108K	0.2%	$8.33	—	SPONSORED ADR	86562M209