GFI Investment Counsel Ltd. Long-Term Concentrated

CIK: 0001688774 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value ($000): $960,551 (100.0% shares, 0.0% debt)

Holdings (26)

MSFT MICROSOFT CORP 9.9%

Value ($000) $95,190 Shares 183,782 Est. Cost $148.78 Unrealized +241.9%

V VISA INC 8.8%

Value ($000) $84,487 Shares 247,486 Est. Cost $121.40 Unrealized +184.3%

MCO MOODYS CORP 8.0%

Value ($000) $76,894 Shares 161,380 Est. Cost $258.15 Unrealized +94.7%

HLT HILTON WORLDWIDE HLDGS INC 7.4%

Value ($000) $71,300 Shares 274,821 Est. Cost $156.08 Unrealized +73.0%

ROP ROPER TECHNOLOGIES INC 7.3%

Value ($000) $69,967 Shares 140,301 Est. Cost $557.47 Unrealized -4.7%

AXP AMERICAN EXPRESS CO 7.1%

Value ($000) $68,413 Shares 205,963 Est. Cost $233.22 Unrealized +35.7%

MSCI MSCI INC 7.0%

Value ($000) $67,701 Shares 119,316 Est. Cost $103.75 Unrealized +442.3%

SHW SHERWIN WILLIAMS CO 6.8%

Value ($000) $65,722 Shares 189,805 Est. Cost $212.57 Unrealized +65.3%

EFX EQUIFAX INC 6.7%

Value ($000) $64,307 Shares 250,680 Est. Cost $180.81 Unrealized +38.5%

FERG FERGUSON ENTERPRISES INC 6.6%

Value ($000) $63,671 Shares 283,510 Est. Cost $196.34 Unrealized +14.5%

AON AON PLC 6.2%

Value ($000) $59,761 Shares 167,596 Est. Cost $319.72 Unrealized +13.1%

OTIS OTIS WORLDWIDE CORP 6.1%

Value ($000) $59,022 Shares 645,539 Est. Cost $90.13 Unrealized 0.0%

G GENPACT LIMITED 5.8%

Value ($000) $55,959 Shares 1,335,865 Est. Cost $34.55 Unrealized +26.8%

BAH BOOZ ALLEN HAMILTON HLDG COR 4.2%

Value ($000) $40,726 Shares 407,468 Est. Cost $138.02 Unrealized -23.8%

BIL SPDR SERIES TRUST 0.6%

Value ($000) $5,973 Shares 65,105 Est. Cost $91.63 Unrealized —

CRM SALESFORCE INC 0.6%

Value ($000) $5,527 Shares 23,321 Est. Cost $259.06 Unrealized -2.9%

FSV FIRSTSERVICE CORP NEW 0.2%

Value ($000) $2,392 Shares 12,559 Est. Cost $90.22 Unrealized +113.8%

IGIB ISHARES TR 0.1%

Value ($000) $648 Shares 11,984 Est. Cost $59.12 Unrealized —

AAPL APPLE INC 0.1%

Value ($000) $631 Shares 2,480 Est. Cost $225.58 Unrealized 0.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $602 Shares 1,197 Est. Cost $461.73 Unrealized +4.9%

IWM ISHARES TR 0.0%

Value ($000) $458 Shares 4,130 Est. Cost — Unrealized —

TSLA TESLA INC 0.0%

Value ($000) $279 Shares 628 Est. Cost $346.84 Unrealized 0.0%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $238 Shares 257 Est. Cost $990.72 Unrealized -3.4%

CBRE CBRE GROUP INC 0.0%

Value ($000) $236 Shares 1,500 Est. Cost $126.46 Unrealized +22.3%

BUZZ VANECK ETF TRUST 0.0%

Value ($000) $227 Shares 6,320 Est. Cost $35.98 Unrealized —

NFLX NETFLIX INC 0.0%

Value ($000) $218 Shares 182 Est. Cost $122.05 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	183,782	$95,190	9.9%	$148.78	+241.9%	COM	594918104
V	VISA INC	247,486	$84,487	8.8%	$121.40	+184.3%	COM CL A	92826C839
MCO	MOODYS CORP	161,380	$76,894	8.0%	$258.15	+94.7%	COM	615369105
HLT	HILTON WORLDWIDE HLDGS INC	274,821	$71,300	7.4%	$156.08	+73.0%	COM	43300A203
ROP	ROPER TECHNOLOGIES INC	140,301	$69,967	7.3%	$557.47	-4.7%	COM	776696106
AXP	AMERICAN EXPRESS CO	205,963	$68,413	7.1%	$233.22	+35.7%	COM	025816109
MSCI	MSCI INC	119,316	$67,701	7.0%	$103.75	+442.3%	COM	55354G100
SHW	SHERWIN WILLIAMS CO	189,805	$65,722	6.8%	$212.57	+65.3%	COM	824348106
EFX	EQUIFAX INC	250,680	$64,307	6.7%	$180.81	+38.5%	COM	294429105
FERG	FERGUSON ENTERPRISES INC	283,510	$63,671	6.6%	$196.34	+14.5%	COMMON STOCK NEW	31488V107
AON	AON PLC	167,596	$59,761	6.2%	$319.72	+13.1%	SHS CL A	G0403H108
OTIS	OTIS WORLDWIDE CORP	645,539	$59,022	6.1%	$90.13	0.0%	COM	68902V107
G	GENPACT LIMITED	1,335,865	$55,959	5.8%	$34.55	+26.8%	SHS	G3922B107
BAH	BOOZ ALLEN HAMILTON HLDG COR	407,468	$40,726	4.2%	$138.02	-23.8%	CL A	099502106
BIL	SPDR SERIES TRUST	65,105	$5,973	0.6%	$91.63	—	BLOOMBERG 1-3 MO	78468R663
CRM	SALESFORCE INC	23,321	$5,527	0.6%	$259.06	-2.9%	COM	79466L302
FSV	FIRSTSERVICE CORP NEW	12,559	$2,392	0.2%	$90.22	+113.8%	COM	33767E202
IGIB	ISHARES TR	11,984	$648	0.1%	$59.12	—	ISHS 5-10YR INVT	464288638
AAPL	APPLE INC	2,480	$631	0.1%	$225.58	0.0%	COM	037833100
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,197	$602	0.1%	$461.73	+4.9%	CL B NEW	084670702
IWM	ISHARES TR	4,130	$458	0.0%	—	—	Put	464287655
TSLA	TESLA INC	628	$279	0.0%	$346.84	0.0%	COM	88160R101
COST	COSTCO WHSL CORP NEW	257	$238	0.0%	$990.72	-3.4%	COM	22160K105
CBRE	CBRE GROUP INC	1,500	$236	0.0%	$126.46	+22.3%	CL A	12504L109
BUZZ	VANECK ETF TRUST	6,320	$227	0.0%	$35.98	—	SOCIAL SENTIMENT	92189H839
NFLX	NETFLIX INC	182	$218	0.0%	$122.05	0.0%	COM	64110L106