PORTLAND INVESTMENT COUNSEL INC. Concentrated Active

Location: Burlington, Ontario, Canada

CIK: 0001081668 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 14, 2018

Total Value: $106M (100.0% shares, 0.0% debt)

Holdings (38)

FTS FORTIS INC 14.7%

Value $15.56M Shares 424,122 Est. Cost $27.08 Unrealized 0.0%

— WALGREENS BOOTS ALLIANCE INC 13.4%

Value $14.15M Shares 194,904 Est. Cost $72.62 Unrealized —

— TIME WARNER INC 11.9%

Value $12.58M Shares 137,500 Est. Cost $91.47 Unrealized —

BNS BANK N S HALIFAX 11.3%

Value $11.93M Shares 184,905 Est. Cost $37.30 Unrealized +13.7%

TD TORONTO DOMINION BK ONT 10.8%

Value $11.37M Shares 194,050 Est. Cost $56.05 Unrealized +1.9%

CM CDN IMPERIAL BK COMM TORONTO 7.2%

Value $7.623M Shares 78,200 Est. Cost $29.57 Unrealized +4.5%

— CRESCENT PT ENERGY CORP 3.8%

Value $4.008M Shares 525,323 Est. Cost $16.28 Unrealized —

BTE BAYTEX ENERGY CORP 2.7%

Value $2.889M Shares 961,739 Est. Cost $7.08 Unrealized -60.4%

ARCC ARES CAP CORP 2.3%

Value $2.387M Shares 151,825 Est. Cost $5.79 Unrealized +29.1%

— BROOKFIELD PPTY PARTNERS L P 2.2%

Value $2.378M Shares 107,337 Est. Cost $22.47 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 2.2%

Value $2.324M Shares 11,722 Est. Cost $189.88 Unrealized 0.0%

— LIBERTY GLOBAL PLC 1.9%

Value $1.965M Shares 97,499 Est. Cost $32.26 Unrealized —

— PATTERN ENERGY GROUP INC 1.6%

Value $1.68M Shares 78,174 Est. Cost $22.07 Unrealized —

IVZ INVESCO LTD 1.5%

Value $1.575M Shares 43,100 Est. Cost $22.06 Unrealized +11.4%

RY ROYAL BK CDA MONTREAL QUE 1.2%

Value $1.258M Shares 15,400 Est. Cost $64.64 Unrealized +22.7%

JPM JPMORGAN CHASE & CO 1.0%

Value $1.101M Shares 10,295 Est. Cost $45.31 Unrealized +79.5%

BMO BANK MONTREAL QUE 0.9%

Value $969K Shares 12,110 Est. Cost $45.57 Unrealized +22.9%

T AT&T INC 0.8%

Value $894K Shares 23,000 Est. Cost $14.25 Unrealized +7.0%

BCE BCE INC 0.8%

Value $854K Shares 17,781 Est. Cost $23.96 Unrealized +20.1%

C CITIGROUP INC 0.8%

Value $827K Shares 11,112 Est. Cost $33.53 Unrealized +68.4%

BCS BARCLAYS PLC 0.8%

Value $821K Shares 75,343 Est. Cost $16.62 Unrealized —

— BROOKFIELD ASSET MGMT INC 0.7%

Value $747K Shares 17,143 Est. Cost $34.90 Unrealized —

BAC BANK AMER CORP 0.6%

Value $620K Shares 21,000 Est. Cost $10.79 Unrealized +111.1%

— ROYAL DUTCH SHELL PLC 0.6%

Value $595K Shares 8,917 Est. Cost $58.16 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.5%

Value $535K Shares 2,100 Est. Cost $129.30 Unrealized +58.7%

— BHP BILLITON PLC 0.5%

Value $513K Shares 12,738 Est. Cost $47.18 Unrealized —

BIP BROOKFIELD INFRAST PARTNERS 0.5%

Value $497K Shares 11,078 Est. Cost $41.14 Unrealized —

— OAKTREE STRATEGIC INCOME COR 0.5%

Value $482K Shares 57,400 Est. Cost $8.40 Unrealized —

BBU BROOKFIELD BUSINESS PARTNERS 0.3%

Value $361K Shares 10,465 Est. Cost $26.41 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 0.3%

Value $355K Shares 46,500 Est. Cost $8.41 Unrealized —

— TOTAL S A 0.3%

Value $328K Shares 5,932 Est. Cost $49.50 Unrealized —

NOMD NOMAD FOODS LTD 0.2%

Value $258K Shares 15,250 Est. Cost $11.58 Unrealized +34.2%

— BLACKROCK CAPITAL INVESTMENT 0.2%

Value $252K Shares 40,500 Est. Cost $7.64 Unrealized —

Value $227K Shares 5,400 Est. Cost $42.04 Unrealized —

ING ING GROEP N V 0.2%

Value $222K Shares 12,000 Est. Cost $10.25 Unrealized —

— LIBERTY GLOBAL PLC 0.2%

Value $214K Shares 10,738 Est. Cost $30.94 Unrealized —

IDV ISHARES TR 0.2%

Value $203K Shares 6,000 Est. Cost $33.83 Unrealized —

— ALCENTRA CAP CORP 0.2%

Value $168K Shares 20,010 Est. Cost $11.07 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FTS	FORTIS INC	424,122	$15.56M	14.7%	$27.08	0.0%	COM	349553107
—	WALGREENS BOOTS ALLIANCE INC	194,904	$14.15M	13.4%	$72.62	—	COM	931427108
—	TIME WARNER INC	137,500	$12.58M	11.9%	$91.47	—	COM NEW	887317303
BNS	BANK N S HALIFAX	184,905	$11.93M	11.3%	$37.30	+13.7%	COM	064149107
TD	TORONTO DOMINION BK ONT	194,050	$11.37M	10.8%	$56.05	+1.9%	COM NEW	891160509
CM	CDN IMPERIAL BK COMM TORONTO	78,200	$7.623M	7.2%	$29.57	+4.5%	COM	136069101
—	CRESCENT PT ENERGY CORP	525,323	$4.008M	3.8%	$16.28	—	COM	22576C101
BTE	BAYTEX ENERGY CORP	961,739	$2.889M	2.7%	$7.08	-60.4%	COM	07317Q105
ARCC	ARES CAP CORP	151,825	$2.387M	2.3%	$5.79	+29.1%	COM	04010L103
—	BROOKFIELD PPTY PARTNERS L P	107,337	$2.378M	2.2%	$22.47	—	UNIT LTD PARTN	G16249107
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,722	$2.324M	2.2%	$189.88	0.0%	CL B NEW	084670702
—	LIBERTY GLOBAL PLC	97,499	$1.965M	1.9%	$32.26	—	LILAC SHS CL A	G5480U138
—	PATTERN ENERGY GROUP INC	78,174	$1.68M	1.6%	$22.07	—	CL A	70338P100
IVZ	INVESCO LTD	43,100	$1.575M	1.5%	$22.06	+11.4%	SHS	G491BT108
RY	ROYAL BK CDA MONTREAL QUE	15,400	$1.258M	1.2%	$64.64	+22.7%	COM	780087102
JPM	JPMORGAN CHASE & CO	10,295	$1.101M	1.0%	$45.31	+79.5%	COM	46625H100
BMO	BANK MONTREAL QUE	12,110	$969K	0.9%	$45.57	+22.9%	COM	063671101
T	AT&T INC	23,000	$894K	0.8%	$14.25	+7.0%	COM	00206R102
BCE	BCE INC	17,781	$854K	0.8%	$23.96	+20.1%	COM NEW	05534B760
C	CITIGROUP INC	11,112	$827K	0.8%	$33.53	+68.4%	COM NEW	172967424
BCS	BARCLAYS PLC	75,343	$821K	0.8%	$16.62	—	ADR	06738E204
—	BROOKFIELD ASSET MGMT INC	17,143	$747K	0.7%	$34.90	—	CL A LTD VT SH	112585104
BAC	BANK AMER CORP	21,000	$620K	0.6%	$10.79	+111.1%	COM	060505104
—	ROYAL DUTCH SHELL PLC	8,917	$595K	0.6%	$58.16	—	SPONS ADR A	780259206
GS	GOLDMAN SACHS GROUP INC	2,100	$535K	0.5%	$129.30	+58.7%	COM	38141G104
—	BHP BILLITON PLC	12,738	$513K	0.5%	$47.18	—	SPONSORED ADR	05545E209
BIP	BROOKFIELD INFRAST PARTNERS	11,078	$497K	0.5%	$41.14	—	LP INT UNIT	G16252101
—	OAKTREE STRATEGIC INCOME COR	57,400	$482K	0.5%	$8.40	—	COM	67402D104
BBU	BROOKFIELD BUSINESS PARTNERS	10,465	$361K	0.3%	$26.41	—	UNIT LTD LP	G16234109
—	ROYAL BK SCOTLAND GROUP PLC	46,500	$355K	0.3%	$8.41	—	SPONS ADR 2 ORD	780097689
—	TOTAL S A	5,932	$328K	0.3%	$49.50	—	SPONSORED ADR	89151E109
NOMD	NOMAD FOODS LTD	15,250	$258K	0.2%	$11.58	+34.2%	USD ORD SHS	G6564A105
—	BLACKROCK CAPITAL INVESTMENT	40,500	$252K	0.2%	$7.64	—	COM	092533108
BP	BP PLC	5,400	$227K	0.2%	$42.04	—	SPONSORED ADR	055622104
ING	ING GROEP N V	12,000	$222K	0.2%	$10.25	—	SPONSORED ADR	456837103
—	LIBERTY GLOBAL PLC	10,738	$214K	0.2%	$30.94	—	LILAC SHS CL C	G5480U153
IDV	ISHARES TR	6,000	$203K	0.2%	$33.83	—	INTL SEL DIV ETF	464288448
—	ALCENTRA CAP CORP	20,010	$168K	0.2%	$11.07	—	COM	01374T102