GFI Investment Counsel Ltd. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001688774 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 25, 2026

Total Value: $1.818B

Holdings (30)

RY ROYAL BANK CDA 12.6%

Value $229M Shares 1,345 Est. Cost $153.57 Unrealized 0.0%

AMZN AMAZON COM INC 12.6%

Value $228M Shares 989 Est. Cost $228.79 Unrealized 0.0%

COST COSTCO WHSL CORP 12.2%

Value $222M Shares 257 Est. Cost $990.72 Unrealized -8.6%

PSLV SPROTT ASSET MANAGEMENT LP 11.1%

Value $202M Shares 8,520 Est. Cost $23.70 Unrealized —

MSFT MICROSOFT CORP 4.8%

Value $87M Shares 179,893 Est. Cost $148.78 Unrealized +236.4%

V VISA INC 4.7%

Value $85.2M Shares 242,924 Est. Cost $121.40 Unrealized +180.4%

MCO MOODYS CORP 4.5%

Value $80.93M Shares 158,415 Est. Cost $258.15 Unrealized +88.8%

HLT HILTON WORLDWIDE HLDGS INC 4.3%

Value $77.74M Shares 270,650 Est. Cost $156.08 Unrealized +74.4%

AXP AMERICAN EXPRESS CO 4.1%

Value $75.39M Shares 203,789 Est. Cost $233.22 Unrealized +53.1%

MSCI MSCI INC 3.7%

Value $67.83M Shares 118,234 Est. Cost $103.75 Unrealized +439.8%

FERG FERGUSON ENTERPRISES INC 3.5%

Value $64.09M Shares 287,873 Est. Cost $196.97 Unrealized +20.8%

G GENPACT LIMITED 3.4%

Value $61.76M Shares 1,320,185 Est. Cost $34.55 Unrealized +25.2%

SHW SHERWIN WILLIAMS CO 3.4%

Value $61.05M Shares 188,402 Est. Cost $212.57 Unrealized +57.2%

ROP ROPER TECHNOLOGIES INC 3.4%

Value $61.04M Shares 137,120 Est. Cost $557.47 Unrealized -17.1%

AON AON PLC 3.2%

Value $58.99M Shares 167,162 Est. Cost $319.72 Unrealized +9.2%

OTIS OTIS WORLDWIDE CORP 3.1%

Value $55.99M Shares 641,041 Est. Cost $90.13 Unrealized -1.0%

EFX EQUIFAX INC 3.0%

Value $54.35M Shares 250,462 Est. Cost $180.81 Unrealized +20.9%

BAM BROOKFIELD ASSET MANAGEMENT 1.7%

Value $30.84M Shares 588,390 Est. Cost $53.47 Unrealized 0.0%

BIL SPDR SERIES TRUST 0.3%

Value $5.777M Shares 63,217 Est. Cost $91.63 Unrealized —

FSV FIRSTSERVICE CORP NEW 0.1%

Value $2.088M Shares 13,421 Est. Cost $94.86 Unrealized +71.2%

GOOGL ALPHABET INC 0.1%

Value $1.762M Shares 5,628 Est. Cost $285.60 Unrealized 0.0%

CRM SALESFORCE INC 0.1%

Value $1.685M Shares 6,360 Est. Cost $259.06 Unrealized -4.2%

AAPL APPLE INC 0.0%

Value $751K Shares 2,764 Est. Cost $229.98 Unrealized +16.7%

IGIB ISHARES TR 0.0%

Value $646K Shares 11,984 Est. Cost $59.12 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value $602K Shares 1,197 Est. Cost $461.73 Unrealized +7.8%

BAH BOOZ ALLEN HAMILTON HLDG COR 0.0%

Value $347K Shares 4,114 Est. Cost $138.02 Unrealized -35.9%

TSLA TESLA INC 0.0%

Value $282K Shares 628 Est. Cost $346.84 Unrealized +27.8%

CBRE CBRE GROUP INC 0.0%

Value $241K Shares 1,500 Est. Cost $126.46 Unrealized +24.3%

BAI BLACKROCK ETF TRUST 0.0%

Value $216K Shares 6,490 Est. Cost $33.30 Unrealized —

BUZZ VANECK ETF TRUST 0.0%

Value $205K Shares 6,320 Est. Cost $35.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RY	ROYAL BANK CDA	1,345	$229M	12.6%	$153.57	0.0%	—	780087102
AMZN	AMAZON COM INC	989	$228M	12.6%	$228.79	0.0%	—	023135106
COST	COSTCO WHSL CORP	257	$222M	12.2%	$990.72	-8.6%	—	22160K105
PSLV	SPROTT ASSET MANAGEMENT LP	8,520	$202M	11.1%	$23.70	—	—	85207K107
MSFT	MICROSOFT CORP	179,893	$87M	4.8%	$148.78	+236.4%	—	594918104
V	VISA INC	242,924	$85.2M	4.7%	$121.40	+180.4%	—	92826C839
MCO	MOODYS CORP	158,415	$80.93M	4.5%	$258.15	+88.8%	—	615369105
HLT	HILTON WORLDWIDE HLDGS INC	270,650	$77.74M	4.3%	$156.08	+74.4%	—	43300A203
AXP	AMERICAN EXPRESS CO	203,789	$75.39M	4.1%	$233.22	+53.1%	—	025816109
MSCI	MSCI INC	118,234	$67.83M	3.7%	$103.75	+439.8%	—	55354G100
FERG	FERGUSON ENTERPRISES INC	287,873	$64.09M	3.5%	$196.97	+20.8%	—	31488V107
G	GENPACT LIMITED	1,320,185	$61.76M	3.4%	$34.55	+25.2%	—	G3922B107
SHW	SHERWIN WILLIAMS CO	188,402	$61.05M	3.4%	$212.57	+57.2%	—	824348106
ROP	ROPER TECHNOLOGIES INC	137,120	$61.04M	3.4%	$557.47	-17.1%	—	776696106
AON	AON PLC	167,162	$58.99M	3.2%	$319.72	+9.2%	—	G0403H108
OTIS	OTIS WORLDWIDE CORP	641,041	$55.99M	3.1%	$90.13	-1.0%	—	68902V107
EFX	EQUIFAX INC	250,462	$54.35M	3.0%	$180.81	+20.9%	—	294429105
BAM	BROOKFIELD ASSET MANAGEMENT	588,390	$30.84M	1.7%	$53.47	0.0%	—	113004105
BIL	SPDR SERIES TRUST	63,217	$5.777M	0.3%	$91.63	—	—	78468R663
FSV	FIRSTSERVICE CORP NEW	13,421	$2.088M	0.1%	$94.86	+71.2%	—	33767E202
GOOGL	ALPHABET INC	5,628	$1.762M	0.1%	$285.60	0.0%	—	02079K305
CRM	SALESFORCE INC	6,360	$1.685M	0.1%	$259.06	-4.2%	—	79466L302
AAPL	APPLE INC	2,764	$751K	0.0%	$229.98	+16.7%	—	037833100
IGIB	ISHARES TR	11,984	$646K	0.0%	$59.12	—	—	464288638
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,197	$602K	0.0%	$461.73	+7.8%	—	084670702
BAH	BOOZ ALLEN HAMILTON HLDG COR	4,114	$347K	0.0%	$138.02	-35.9%	—	099502106
TSLA	TESLA INC	628	$282K	0.0%	$346.84	+27.8%	—	88160R101
CBRE	CBRE GROUP INC	1,500	$241K	0.0%	$126.46	+24.3%	—	12504L109
BAI	BLACKROCK ETF TRUST	6,490	$216K	0.0%	$33.30	—	—	09290C780
BUZZ	VANECK ETF TRUST	6,320	$205K	0.0%	$35.98	—	—	92189H839