PORTLAND INVESTMENT COUNSEL INC. Long-Term Concentrated

CIK: 0001081668 · Show all filings

Period: Q1 2018 (← Previous) (Next →)

Filing Date: May 15, 2018

Total Value ($000): $108,371 (100.0% shares, 0.0% debt)

Holdings (37)

FTS FORTIS INC 14.6%

Value ($000) $15,788 Shares 467,704 Est. Cost $26.90 Unrealized -6.6%

— WALGREENS BOOTS ALLIANCE INC 14.3%

Value ($000) $15,530 Shares 237,214 Est. Cost $71.34 Unrealized —

— TIME WARNER INC 13.1%

Value ($000) $14,196 Shares 150,100 Est. Cost $91.73 Unrealized —

BNS BANK N S HALIFAX 11.6%

Value ($000) $12,585 Shares 204,305 Est. Cost $37.74 Unrealized +11.1%

TD TORONTO DOMINION BK ONT 11.2%

Value ($000) $12,105 Shares 213,315 Est. Cost $56.27 Unrealized +4.0%

CM CDN IMPERIAL BK COMM TORONTO 7.1%

Value ($000) $7,736 Shares 87,638 Est. Cost $29.85 Unrealized +7.8%

— CRESCENT PT ENERGY CORP 3.2%

Value ($000) $3,450 Shares 507,593 Est. Cost $16.28 Unrealized —

— BROOKFIELD PPTY PARTNERS L P 2.4%

Value ($000) $2,556 Shares 133,197 Est. Cost $21.83 Unrealized —

BTE BAYTEX ENERGY CORP 2.3%

Value ($000) $2,515 Shares 918,564 Est. Cost $7.08 Unrealized -60.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.2%

Value ($000) $2,349 Shares 11,777 Est. Cost $189.88 Unrealized +8.1%

ARCC ARES CAP CORP 2.0%

Value ($000) $2,209 Shares 139,211 Est. Cost $5.79 Unrealized +29.1%

RY ROYAL BK CDA MONTREAL QUE 1.8%

Value ($000) $1,978 Shares 25,600 Est. Cost $71.23 Unrealized +14.0%

LILAK LIBERTY LATIN AMERICA LTD 1.5%

Value ($000) $1,655 Shares 85,291 Est. Cost $20.25 Unrealized 0.0%

IVZ INVESCO LTD 1.3%

Value ($000) $1,380 Shares 43,100 Est. Cost $22.06 Unrealized +7.1%

— PATTERN ENERGY GROUP INC 1.1%

Value ($000) $1,236 Shares 71,476 Est. Cost $22.07 Unrealized —

BMO BANK MONTREAL QUE 0.8%

Value ($000) $915 Shares 12,110 Est. Cost $45.57 Unrealized +25.1%

JPM JPMORGAN CHASE & CO 0.8%

Value ($000) $912 Shares 8,295 Est. Cost $45.31 Unrealized +101.8%

BCS BARCLAYS PLC 0.8%

Value ($000) $891 Shares 75,343 Est. Cost $16.62 Unrealized —

C CITIGROUP INC 0.7%

Value ($000) $750 Shares 11,112 Est. Cost $33.53 Unrealized +71.9%

— BROOKFIELD ASSET MGMT INC 0.6%

Value ($000) $653 Shares 16,743 Est. Cost $34.90 Unrealized —

BIP BROOKFIELD INFRAST PARTNERS 0.6%

Value ($000) $620 Shares 19,088 Est. Cost $37.51 Unrealized —

BAC BANK AMER CORP 0.5%

Value ($000) $570 Shares 19,000 Est. Cost $10.79 Unrealized +141.5%

— ROYAL DUTCH SHELL PLC 0.5%

Value ($000) $569 Shares 8,917 Est. Cost $58.16 Unrealized —

BCE BCE INC 0.5%

Value ($000) $548 Shares 12,726 Est. Cost $23.96 Unrealized +14.7%

— BHP BILLITON PLC 0.5%

Value ($000) $506 Shares 12,738 Est. Cost $47.18 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.5%

Value ($000) $504 Shares 2,000 Est. Cost $129.30 Unrealized +68.9%

LILA LIBERTY LATIN AMERICA LTD 0.4%

Value ($000) $454 Shares 23,346 Est. Cost $20.32 Unrealized 0.0%

— OAKTREE STRATEGIC INCOME COR 0.4%

Value ($000) $453 Shares 57,400 Est. Cost $8.40 Unrealized —

VOO VANGUARD INDEX FDS 0.4%

Value ($000) $382 Shares 1,580 Est. Cost $241.77 Unrealized —

BBU BROOKFIELD BUSINESS PARTNERS 0.3%

Value ($000) $377 Shares 10,465 Est. Cost $26.41 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 0.3%

Value ($000) $362 Shares 51,500 Est. Cost $8.28 Unrealized —

— BLACKROCK CAPITAL INVESTMENT 0.3%

Value ($000) $350 Shares 58,000 Est. Cost $7.16 Unrealized —

— TOTAL S A 0.3%

Value ($000) $345 Shares 5,985 Est. Cost $49.50 Unrealized —

T AT&T INC 0.3%

Value ($000) $332 Shares 9,300 Est. Cost $14.25 Unrealized +11.0%

NOMD NOMAD FOODS LTD 0.2%

Value ($000) $240 Shares 15,250 Est. Cost $11.58 Unrealized +42.7%

ING ING GROEP N V 0.2%

Value ($000) $203 Shares 12,000 Est. Cost $10.25 Unrealized —

— ALCENTRA CAP CORP 0.2%

Value ($000) $167 Shares 24,000 Est. Cost $10.38 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FTS	FORTIS INC	467,704	$15,788	14.6%	$26.90	-6.6%	COM	349553107
—	WALGREENS BOOTS ALLIANCE INC	237,214	$15,530	14.3%	$71.34	—	COM	931427108
—	TIME WARNER INC	150,100	$14,196	13.1%	$91.73	—	COM NEW	887317303
BNS	BANK N S HALIFAX	204,305	$12,585	11.6%	$37.74	+11.1%	COM	064149107
TD	TORONTO DOMINION BK ONT	213,315	$12,105	11.2%	$56.27	+4.0%	COM NEW	891160509
CM	CDN IMPERIAL BK COMM TORONTO	87,638	$7,736	7.1%	$29.85	+7.8%	COM	136069101
—	CRESCENT PT ENERGY CORP	507,593	$3,450	3.2%	$16.28	—	COM	22576C101
—	BROOKFIELD PPTY PARTNERS L P	133,197	$2,556	2.4%	$21.83	—	UNIT LTD PARTN	G16249107
BTE	BAYTEX ENERGY CORP	918,564	$2,515	2.3%	$7.08	-60.9%	COM	07317Q105
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,777	$2,349	2.2%	$189.88	+8.1%	CL B NEW	084670702
ARCC	ARES CAP CORP	139,211	$2,209	2.0%	$5.79	+29.1%	COM	04010L103
RY	ROYAL BK CDA MONTREAL QUE	25,600	$1,978	1.8%	$71.23	+14.0%	COM	780087102
LILAK	LIBERTY LATIN AMERICA LTD	85,291	$1,655	1.5%	$20.25	0.0%	COM CL C	G9001E128
IVZ	INVESCO LTD	43,100	$1,380	1.3%	$22.06	+7.1%	SHS	G491BT108
—	PATTERN ENERGY GROUP INC	71,476	$1,236	1.1%	$22.07	—	CL A	70338P100
BMO	BANK MONTREAL QUE	12,110	$915	0.8%	$45.57	+25.1%	COM	063671101
JPM	JPMORGAN CHASE & CO	8,295	$912	0.8%	$45.31	+101.8%	COM	46625H100
BCS	BARCLAYS PLC	75,343	$891	0.8%	$16.62	—	ADR	06738E204
C	CITIGROUP INC	11,112	$750	0.7%	$33.53	+71.9%	COM NEW	172967424
—	BROOKFIELD ASSET MGMT INC	16,743	$653	0.6%	$34.90	—	CL A LTD VT SH	112585104
BIP	BROOKFIELD INFRAST PARTNERS	19,088	$620	0.6%	$37.51	—	LP INT UNIT	G16252101
BAC	BANK AMER CORP	19,000	$570	0.5%	$10.79	+141.5%	COM	060505104
—	ROYAL DUTCH SHELL PLC	8,917	$569	0.5%	$58.16	—	SPONS ADR A	780259206
BCE	BCE INC	12,726	$548	0.5%	$23.96	+14.7%	COM NEW	05534B760
—	BHP BILLITON PLC	12,738	$506	0.5%	$47.18	—	SPONSORED ADR	05545E209
GS	GOLDMAN SACHS GROUP INC	2,000	$504	0.5%	$129.30	+68.9%	COM	38141G104
LILA	LIBERTY LATIN AMERICA LTD	23,346	$454	0.4%	$20.32	0.0%	COM CL A	G9001E102
—	OAKTREE STRATEGIC INCOME COR	57,400	$453	0.4%	$8.40	—	COM	67402D104
VOO	VANGUARD INDEX FDS	1,580	$382	0.4%	$241.77	—	S&P 500 ETF SHS	922908363
BBU	BROOKFIELD BUSINESS PARTNERS	10,465	$377	0.3%	$26.41	—	UNIT LTD LP	G16234109
—	ROYAL BK SCOTLAND GROUP PLC	51,500	$362	0.3%	$8.28	—	SPONS ADR 2 ORD	780097689
—	BLACKROCK CAPITAL INVESTMENT	58,000	$350	0.3%	$7.16	—	COM	092533108
—	TOTAL S A	5,985	$345	0.3%	$49.50	—	SPONSORED ADR	89151E109
T	AT&T INC	9,300	$332	0.3%	$14.25	+11.0%	COM	00206R102
NOMD	NOMAD FOODS LTD	15,250	$240	0.2%	$11.58	+42.7%	USD ORD SHS	G6564A105
ING	ING GROEP N V	12,000	$203	0.2%	$10.25	—	SPONSORED ADR	456837103
—	ALCENTRA CAP CORP	24,000	$167	0.2%	$10.38	—	COM	01374T102