PORTLAND INVESTMENT COUNSEL INC. Concentrated Active

Name: PORTLAND INVESTMENT COUNSEL INC. Q2 2026 13F Filing | 13F Explorer
Creator: PORTLAND INVESTMENT COUNSEL INC.
Published: 2026-08-13

Location: Burlington, Ontario, Canada

CIK: 0001081668 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $358M (100.0% shares, 0.0% debt)

Holdings (58)

New Positions (4)

UBER UBER TECHNOLOGIES INC 2.4%

Value $8.695M Shares 120,500 Est. Cost $72.16 Unrealized —

XE X-ENERGY INC 0.3%

Value $1.102M Shares 60,000 Est. Cost $18.36 Unrealized —

SYY SYSCO CORP 0.3%

Value $1.013M Shares 12,125 Est. Cost $83.58 Unrealized —

SPCX SPACE EXPLORATION TECHN CORP 0.2%

Value $694K Shares 4,060 Est. Cost $170.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	120,500	$8.695M	2.4%	$72.16	—	COM	90353T100
XE	X-ENERGY INC	60,000	$1.102M	0.3%	$18.36	—	COM CL A	98386P102
SYY	SYSCO CORP	12,125	$1.013M	0.3%	$83.58	—	COM	871829107
SPCX	SPACE EXPLORATION TECHN CORP	4,060	$694K	0.2%	$170.86	—	CLASS A COM STK	84615Q103

Increased Positions (3)

CI THE CIGNA GROUP 17.4%

Value $62.3M (+223.5%) Shares 226,000 (+213.0%) Est. Cost $287.09 Unrealized —

VZ VERIZON COMMUNICATIONS INC 10.6%

Value $37.86M (-12.8%) Shares 894,200 (+3.4%) Est. Cost $40.54 Unrealized —

BIL SPDR SER TR 0.9%

Value $3.164M (+118.9%) Shares 34,524 (+118.9%) Est. Cost $73.84 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CI	THE CIGNA GROUP	226,000 (+213.0%)	$62.3M (+223.5%)	17.4%	$287.09	—	COM	125523100
VZ	VERIZON COMMUNICATIONS INC	894,200 (+3.4%)	$37.86M (-12.8%)	10.6%	$40.54	—	COM	92343V104
BIL	SPDR SER TR	34,524 (+118.9%)	$3.164M (+118.9%)	0.9%	$73.84	—	BLOOMBERG 1-3 MO	78468R663

Exited Positions (1)

ELV ELEVANCE HEALTH INC 4.8%

Value $17.01M Shares 58,100 Est. Cost $409.27 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ELV	ELEVANCE HEALTH INC	58,100	$17.01M	4.8%	$409.27	—	—	036752103

Decreased Positions (5)

TD TORONTO DOMINION BK ONT 6.3%

Value $22.7M (+26.6%) Shares 186,700 (-2.8%) Est. Cost $57.62 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 13.5%

Value $48.28M (-3.9%) Shares 96,477 (-8.0%) Est. Cost $263.77 Unrealized —

SOBO SOUTH BOW CORP 9.4%

Value $33.53M (+3.9%) Shares 951,824 (-1.9%) Est. Cost $24.21 Unrealized —

BE BLOOM ENERGY CORP 1.0%

Value $3.632M (+48.9%) Shares 12,000 (-33.3%) Est. Cost $23.12 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.6%

Value $2.102M (+9.1%) Shares 2,078 (-8.8%) Est. Cost $325.03 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TD	TORONTO DOMINION BK ONT	186,700 (-2.8%)	$22.7M (+26.6%)	6.3%	$57.62	—	COM NEW	891160509
BRK/B	BERKSHIRE HATHAWAY INC DEL	96,477 (-8.0%)	$48.28M (-3.9%)	13.5%	$263.77	—	CL B NEW	084670702
SOBO	SOUTH BOW CORP	951,824 (-1.9%)	$33.53M (+3.9%)	9.4%	$24.21	—	COM	83671M105
BE	BLOOM ENERGY CORP	12,000 (-33.3%)	$3.632M (+48.9%)	1.0%	$23.12	—	COM CL A	093712107
GS	GOLDMAN SACHS GROUP INC	2,078 (-8.8%)	$2.102M (+9.1%)	0.6%	$325.03	—	COM	38141G104

Unchanged Positions (46)

OKLO OKLO INC 8.6%

Value $30.85M Shares 589,480 Est. Cost $7.63 Unrealized —

BNS BANK NOVA SCOTIA B C 0.9%

Value $3.286M Shares 37,800 Est. Cost $74.94 Unrealized —

LNTH LANTHEUS HLDGS INC 0.6%

Value $1.997M Shares 18,000 Est. Cost $68.30 Unrealized —

TLX TELIX PHARMACEUTICAL LTD 0.9%

Value $3.069M Shares 266,200 Est. Cost $8.63 Unrealized —

GOOGL ALPHABET INC 0.7%

Value $2.425M Shares 6,787 Est. Cost $109.45 Unrealized —

GEV GE VERNOVA INC 0.5%

Value $1.762M Shares 1,500 Est. Cost $607.63 Unrealized —

LLY ELI LILLY & CO 0.5%

Value $1.749M Shares 1,458 Est. Cost $894.07 Unrealized —

CCL CARNIVAL CORP 1.1%

Value $3.988M Shares 139,602 Est. Cost $17.18 Unrealized —

PANW PALO ALTO NETWORKS INC 0.2%

Value $612K Shares 1,796 Est. Cost $172.15 Unrealized —

NVDA NVIDIA CORPORATION 0.6%

Value $2.261M Shares 11,300 Est. Cost $135.69 Unrealized —

AAPL APPLE INC 0.6%

Value $2.18M Shares 7,535 Est. Cost $160.97 Unrealized —

ARES ARES MANAGEMENT CORPORATION 3.8%

Value $13.48M Shares 121,074 Est. Cost $128.36 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.2%

Value $546K Shares 716 Est. Cost $431.12 Unrealized —

AMZN AMAZON COM INC 0.6%

Value $2.103M Shares 8,825 Est. Cost $146.28 Unrealized —

RDNT RADNET INC 0.7%

Value $2.59M Shares 42,000 Est. Cost $35.69 Unrealized —

BN BROOKFIELD CORP 1.3%

Value $4.798M Shares 112,663 Est. Cost $33.11 Unrealized —

HEI HEICO CORP 0.3%

Value $994K Shares 2,792 Est. Cost $269.78 Unrealized —

CCJ CAMECO CORP 0.9%

Value $3.313M Shares 32,500 Est. Cost $58.67 Unrealized —

JPM JPMORGAN CHASE & CO 0.5%

Value $1.883M Shares 5,752 Est. Cost $215.37 Unrealized —

— PERSPECTIVE THERAPEUTICS INC 0.2%

Value $853K Shares 250,000 Est. Cost $2.51 Unrealized —

ICLR ICON PLC 0.1%

Value $521K Shares 3,000 Est. Cost $224.77 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 5.3%

Value $18.91M Shares 422,387 Est. Cost $33.77 Unrealized —

OLMA OLEMA PHARMACEUTICALS INC 0.2%

Value $626K Shares 50,000 Est. Cost $8.18 Unrealized —

CRM SALESFORCE INC 0.2%

Value $607K Shares 3,875 Est. Cost $243.59 Unrealized —

COIN COINBASE GLOBAL INC 0.2%

Value $571K Shares 3,905 Est. Cost $294.88 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.2%

Value $844K Shares 3,400 Est. Cost $204.12 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.5%

Value $1.946M Shares 10,000 Est. Cost $132.51 Unrealized —

REGN REGENERON PHARMACEUTICALS 0.1%

Value $408K Shares 654 Est. Cost $769.15 Unrealized —

RLAY RELAY THERAPEUTICS INC 0.1%

Value $187K Shares 10,000 Est. Cost $7.47 Unrealized —

SMR NUSCALE PWR CORP 0.3%

Value $1.053M Shares 105,000 Est. Cost $15.55 Unrealized —

IOVA IOVANCE BIOTHERAPEUTICS INC 0.2%

Value $541K Shares 130,000 Est. Cost $6.15 Unrealized —

LEU CENTRUS ENERGY CORP 0.7%

Value $2.476M Shares 14,750 Est. Cost $108.40 Unrealized —

UPS UNITED PARCEL SERVICE INC 0.3%

Value $978K Shares 9,100 Est. Cost $94.10 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value $221K Shares 1,895 Est. Cost $154.17 Unrealized —

DHR DANAHER CORPORATION 3.3%

Value $11.93M Shares 62,654 Est. Cost $209.69 Unrealized —

SDGR SCHRODINGER INC 0.0%

Value $163K Shares 10,000 Est. Cost $22.83 Unrealized —

NUVL NUVALENT INC 0.1%

Value $247K Shares 2,000 Est. Cost $98.60 Unrealized —

ONC BEONE MEDICINES LTD 0.2%

Value $855K Shares 3,000 Est. Cost $9156.61 Unrealized —

ARVN ARVINAS INC 0.0%

Value $116K Shares 14,000 Est. Cost $15.67 Unrealized —

META META PLATFORMS INC 0.5%

Value $1.835M Shares 3,257 Est. Cost $388.77 Unrealized —

MA MASTERCARD INCORPORATED 0.2%

Value $864K Shares 1,682 Est. Cost $377.40 Unrealized —

PLUG PLUG POWER INC 0.0%

Value $136K Shares 50,000 Est. Cost $5.23 Unrealized —

— AMGEN INC 0.2%

Value $543K Shares 1,500 Est. Cost $29284.82 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value $1.223M Shares 3,279 Est. Cost $296.29 Unrealized —

BCYC BICYCLE THERAPEUTICS PLC 0.0%

Value $63,600 Shares 15,000 Est. Cost $8.49 Unrealized —

ZS ZSCALER INC 0.1%

Value $237K Shares 1,679 Est. Cost $193.32 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OKLO	OKLO INC	589,480	$30.85M	8.6%	$7.63	—	COM CL A	02156V109
BNS	BANK NOVA SCOTIA B C	37,800	$3.286M	0.9%	$74.94	—	COM	064149107
LNTH	LANTHEUS HLDGS INC	18,000	$1.997M	0.6%	$68.30	—	COM	516544103
TLX	TELIX PHARMACEUTICAL LTD	266,200	$3.069M	0.9%	$8.63	—	SPONSORED ADS	87961M105
GOOGL	ALPHABET INC	6,787	$2.425M	0.7%	$109.45	—	CAP STK CL A	02079K305
GEV	GE VERNOVA INC	1,500	$1.762M	0.5%	$607.63	—	COM	36828A101
LLY	ELI LILLY & CO	1,458	$1.749M	0.5%	$894.07	—	COM	532457108
CCL	CARNIVAL CORP	139,602	$3.988M	1.1%	$17.18	—	COMMON STOCK	143658300
PANW	PALO ALTO NETWORKS INC	1,796	$612K	0.2%	$172.15	—	COM	697435105
NVDA	NVIDIA CORPORATION	11,300	$2.261M	0.6%	$135.69	—	COM	67066G104
AAPL	APPLE INC	7,535	$2.18M	0.6%	$160.97	—	COM	037833100
ARES	ARES MANAGEMENT CORPORATION	121,074	$13.48M	3.8%	$128.36	—	CL A COM STK	03990B101
CRWD	CROWDSTRIKE HLDGS INC	716	$546K	0.2%	$431.12	—	CL A	22788C105
AMZN	AMAZON COM INC	8,825	$2.103M	0.6%	$146.28	—	COM	023135106
RDNT	RADNET INC	42,000	$2.59M	0.7%	$35.69	—	COM	750491102
BN	BROOKFIELD CORP	112,663	$4.798M	1.3%	$33.11	—	CL A LTD VT SH	11271J107
HEI	HEICO CORP	2,792	$994K	0.3%	$269.78	—	COM	422806109
CCJ	CAMECO CORP	32,500	$3.313M	0.9%	$58.67	—	COM	13321L108
JPM	JPMORGAN CHASE & CO	5,752	$1.883M	0.5%	$215.37	—	COM	46625H100
—	PERSPECTIVE THERAPEUTICS INC	250,000	$853K	0.2%	$2.51	—	COM	46489V104
ICLR	ICON PLC	3,000	$521K	0.1%	$224.77	—	SHS	G4705A100
BAM	BROOKFIELD ASSET MANAGMT LTD	422,387	$18.91M	5.3%	$33.77	—	CL A LMT VTG SHS	113004105
OLMA	OLEMA PHARMACEUTICALS INC	50,000	$626K	0.2%	$8.18	—	COM	68062P106
CRM	SALESFORCE INC	3,875	$607K	0.2%	$243.59	—	COM	79466L302
COIN	COINBASE GLOBAL INC	3,905	$571K	0.2%	$294.88	—	COM CL A	19260Q107
CEG	CONSTELLATION ENERGY CORP	3,400	$844K	0.2%	$204.12	—	COM	21037T109
BWXT	BWX TECHNOLOGIES INC	10,000	$1.946M	0.5%	$132.51	—	COM	05605H100
REGN	REGENERON PHARMACEUTICALS	654	$408K	0.1%	$769.15	—	COM	75886F107
RLAY	RELAY THERAPEUTICS INC	10,000	$187K	0.1%	$7.47	—	COM	75943R102
SMR	NUSCALE PWR CORP	105,000	$1.053M	0.3%	$15.55	—	CL A COM	67079K100
IOVA	IOVANCE BIOTHERAPEUTICS INC	130,000	$541K	0.2%	$6.15	—	COM	462260100
LEU	CENTRUS ENERGY CORP	14,750	$2.476M	0.7%	$108.40	—	CL A	15643U104
UPS	UNITED PARCEL SERVICE INC	9,100	$978K	0.3%	$94.10	—	COM	911312106
PLTR	PALANTIR TECHNOLOGIES INC	1,895	$221K	0.1%	$154.17	—	CL A	69608A108
DHR	DANAHER CORPORATION	62,654	$11.93M	3.3%	$209.69	—	COM	235851102
SDGR	SCHRODINGER INC	10,000	$163K	0.0%	$22.83	—	COM	80810D103
NUVL	NUVALENT INC	2,000	$247K	0.1%	$98.60	—	COM	670703107
ONC	BEONE MEDICINES LTD	3,000	$855K	0.2%	$9156.61	—	SPONSORED ADS	07725L102
ARVN	ARVINAS INC	14,000	$116K	0.0%	$15.67	—	COM	04335A105
META	META PLATFORMS INC	3,257	$1.835M	0.5%	$388.77	—	CL A	30303M102
MA	MASTERCARD INCORPORATED	1,682	$864K	0.2%	$377.40	—	CL A	57636Q104
PLUG	PLUG POWER INC	50,000	$136K	0.0%	$5.23	—	COM NEW	72919P202
—	AMGEN INC	1,500	$543K	0.2%	$29284.82	—	COM	031162101
MSFT	MICROSOFT CORP	3,279	$1.223M	0.3%	$296.29	—	COM	594918104
BCYC	BICYCLE THERAPEUTICS PLC	15,000	$63,600	0.0%	$8.49	—	SPONSORED ADS	088786108
ZS	ZSCALER INC	1,679	$237K	0.1%	$193.32	—	COM	98980G102