Manitou Investment Management Ltd. Concentrated Active

CIK: 0001657428 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 10, 2026

Total Value ($000): $570,726 (100.0% shares, 0.0% debt)

Holdings (56)

Increased Positions (4)

SYK STRYKER CORP. 5.1%

Value ($000) $29,204 (+58.5%) Shares 83,091 (+66.7%) Est. Cost $304.05 Unrealized +19.5%

META META PLATFORMS INC. 3.2%

Value ($000) $18,113 (+63.1%) Shares 27,440 (+81.5%) Est. Cost $708.77 Unrealized -5.8%

ROP ROPER TECHNOLOGIES, INC. 6.3%

Value ($000) $35,684 (-2.9%) Shares 80,166 (+8.8%) Est. Cost $537.12 Unrealized -14.0%

BN BROOKFIELD CORPORATION 0.7%

Value ($000) $3,878 (+0.4%) Shares 84,503 (+50.0%) Est. Cost $34.13 Unrealized +33.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SYK	STRYKER CORP.	83,091 (+66.7%)	$29,204 (+58.5%)	5.1%	$304.05	+19.5%	COM	863667101
META	META PLATFORMS INC.	27,440 (+81.5%)	$18,113 (+63.1%)	3.2%	$708.77	-5.8%	COM	30303M102
ROP	ROPER TECHNOLOGIES, INC.	80,166 (+8.8%)	$35,684 (-2.9%)	6.3%	$537.12	-14.0%	COM	776696106
BN	BROOKFIELD CORPORATION	84,503 (+50.0%)	$3,878 (+0.4%)	0.7%	$34.13	+33.4%	COM	11271J107

Exited Positions (1)

HD HOME DEPOT 2.7%

Value ($000) $15,344 Shares 37,869 Est. Cost $227.90 Unrealized +60.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HD	HOME DEPOT	37,869	$15,344	2.7%	$227.90	+60.0%	—	437076102

Decreased Positions (5)

IDXX IDEXX LABORATORIES INC 8.2%

Value ($000) $46,675 (-23.2%) Shares 68,992 (-27.4%) Est. Cost $450.87 Unrealized +51.0%

GOOGL ALPHABET INC. 15.5%

Value ($000) $88,366 (+8.9%) Shares 282,319 (-15.4%) Est. Cost $118.56 Unrealized +140.9%

AAPL APPLE INC. 3.5%

Value ($000) $19,794 (+5.6%) Shares 72,811 (-1.1%) Est. Cost $106.45 Unrealized +152.1%

APH AMPHENOL CORPORATION 7.0%

Value ($000) $40,187 (+0.3%) Shares 297,371 (-8.2%) Est. Cost $65.11 Unrealized +105.1%

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $87 (-51.6%) Shares 420 (-56.7%) Est. Cost $126.18 Unrealized +56.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IDXX	IDEXX LABORATORIES INC	68,992 (-27.4%)	$46,675 (-23.2%)	8.2%	$450.87	+51.0%	COM	45168D104
GOOGL	ALPHABET INC.	282,319 (-15.4%)	$88,366 (+8.9%)	15.5%	$118.56	+140.9%	COM	02079K305
AAPL	APPLE INC.	72,811 (-1.1%)	$19,794 (+5.6%)	3.5%	$106.45	+152.1%	COM	037833100
APH	AMPHENOL CORPORATION	297,371 (-8.2%)	$40,187 (+0.3%)	7.0%	$65.11	+105.1%	COM	032095101
JNJ	JOHNSON & JOHNSON	420 (-56.7%)	$87 (-51.6%)	0.0%	$126.18	+56.1%	COM	478160104

Unchanged Positions (47)

MSFT MICROSOFT CORP 8.7%

Value ($000) $49,490 Shares 102,332 Est. Cost $68.46 Unrealized +631.2%

AMZN AMAZON.COM, INC. 8.8%

Value ($000) $50,175 Shares 217,377 Est. Cost $186.55 Unrealized +22.6%

EW EDWARDS LIFESCIENCES CORPORATI 2.8%

Value ($000) $15,749 Shares 184,741 Est. Cost $72.14 Unrealized +13.8%

JPM JP MORGAN CHASE & CO 6.3%

Value ($000) $36,161 Shares 112,224 Est. Cost $103.39 Unrealized +199.4%

MKL MARKEL CORP. 0.4%

Value ($000) $2,451 Shares 1,140 Est. Cost $1907.92 Unrealized +6.2%

DHR DANAHER CORPORATION 0.2%

Value ($000) $1,324 Shares 5,785 Est. Cost $247.51 Unrealized -11.3%

CRH CRH PLC 0.3%

Value ($000) $1,634 Shares 13,096 Est. Cost $85.69 Unrealized +39.0%

GOOG ALPHABET INC. CLASS C 0.0%

Value ($000) $251 Shares 800 Est. Cost $119.42 Unrealized +139.8%

BRK/B BERKSHIRE HATHAWAY INC 14.9%

Value ($000) $84,948 Shares 169,000 Est. Cost $218.37 Unrealized +127.8%

V VISA INC COM CL A 0.2%

Value ($000) $1,398 Shares 3,986 Est. Cost $209.87 Unrealized +62.2%

MA MASTERCARD INCORPORATED 7.0%

Value ($000) $39,713 Shares 69,564 Est. Cost $247.95 Unrealized +125.4%

FRMO FRMO CORPORATION 0.0%

Value ($000) $84 Shares 11,500 Est. Cost $9.43 Unrealized -14.4%

COST COSTCO WHOLESALE CORPORATION 0.0%

Value ($000) $185 Shares 215 Est. Cost $732.52 Unrealized +23.6%

LLY ELI LILLY & CO 0.0%

Value ($000) $43 Shares 40 Est. Cost $506.78 Unrealized +88.6%

WFC WELLS FARGO & COMPANY 0.0%

Value ($000) $114 Shares 1,220 Est. Cost $73.70 Unrealized +17.5%

CME CME GROUP INC. 0.2%

Value ($000) $1,069 Shares 3,915 Est. Cost $173.76 Unrealized +55.8%

LIN LINDE PLC 0.0%

Value ($000) $67 Shares 157 Est. Cost $380.70 Unrealized +12.2%

USB U.S. BANCORP DEL COMMON NEW 0.0%

Value ($000) $81 Shares 1,510 Est. Cost $44.20 Unrealized +10.2%

FAST FASTENAL CO. 0.0%

Value ($000) $31 Shares 784 Est. Cost $32.00 Unrealized +31.3%

CAT CATERPILLAR INC. 0.0%

Value ($000) $37 Shares 65 Est. Cost $261.47 Unrealized +112.5%

BAC BANK OF AMERICA CORP 0.0%

Value ($000) $95 Shares 1,725 Est. Cost $30.57 Unrealized +72.3%

NVO NOVO NORDISK A/S 0.0%

Value ($000) $59 Shares 1,159 Est. Cost $125.04 Unrealized —

IBM INTERNATIONAL BUSINESS MACHINE 0.0%

Value ($000) $83 Shares 280 Est. Cost $239.40 Unrealized +24.8%

WHR WHIRLPOOL CORP 0.0%

Value ($000) $40 Shares 559 Est. Cost $106.04 Unrealized -30.4%

WSO WATSCO INC. 0.0%

Value ($000) $17 Shares 50 Est. Cost $492.90 Unrealized -27.6%

HON HONEYWELL INTERNATIONAL INC. 0.0%

Value ($000) $32 Shares 165 Est. Cost $176.65 Unrealized +10.4%

LULU LULULEMON ATHLETICA INC. 0.0%

Value ($000) $18 Shares 85 Est. Cost $327.11 Unrealized -44.6%

TJX THE TJX COMPANIES, INC. 0.0%

Value ($000) $43 Shares 278 Est. Cost $75.64 Unrealized +95.3%

BRK/A BERKSHIRE HATHAWAY INC. 0.5%

Value ($000) $3,019 Shares 4 Est. Cost $206031.66 Unrealized +262.3%

WMT WALMART STORES INC 0.0%

Value ($000) $28 Shares 255 Est. Cost $92.95 Unrealized +15.3%

WELL WELLTOWER INC. 0.0%

Value ($000) $50 Shares 270 Est. Cost $67.78 Unrealized +175.1%

XRAY DENTSPLY SIRONA INC 0.0%

Value ($000) $17 Shares 1,451 Est. Cost $17.72 Unrealized -33.7%

NSRGY Nestle S.A. - ADR 0.0%

Value ($000) $21 Shares 210 Est. Cost $121.69 Unrealized —

MMM 3M CO COM 0.0%

Value ($000) $46 Shares 290 Est. Cost $144.58 Unrealized +12.9%

SOBO SOUTH BOW CORP 0.0%

Value ($000) $47 Shares 1,700 Est. Cost $22.97 Unrealized +18.3%

COIN COINBASE GLOBAL, INC. 0.0%

Value ($000) $3 Shares 12 Est. Cost $339.07 Unrealized -12.1%

PSA PUBLIC STORAGE 0.0%

Value ($000) $7 Shares 27 Est. Cost $260.60 Unrealized +6.4%

APA APA CORPORATION 0.0%

Value ($000) $77 Shares 3,130 Est. Cost $21.04 Unrealized +14.7%

PENN PENN NATIONAL GAMING, INC. 0.0%

Value ($000) $2 Shares 119 Est. Cost $31.00 Unrealized -49.7%

ENVX ENOVIX CORPORATION 0.0%

Value ($000) $1 Shares 140 Est. Cost $9.38 Unrealized +3.2%

LRLCY L'Oreal S.A. - ADR 0.0%

Value ($000) $22 Shares 256 Est. Cost $89.14 Unrealized —

REZI RESIDEO TECHNOLOGIES, INC. 0.0%

Value ($000) $1 Shares 27 Est. Cost $18.09 Unrealized +104.6%

XYZ BLOCK, INC. 0.0%

Value ($000) $2 Shares 29 Est. Cost $74.85 Unrealized -7.8%

GTX GARRETT MOTION INC. 0.0%

Value ($000) $0 Shares 16 Est. Cost $7.74 Unrealized +105.7%

EA ELECTRONIC ARTS INC. 0.0%

Value ($000) $4 Shares 19 Est. Cost $115.63 Unrealized +74.5%

WAB WABTEC CORPORATION 0.0%

Value ($000) $0 Shares 1 Est. Cost $100.52 Unrealized +104.3%

— TRANSTEL SA COMMON 0.0%

Value ($000) $0 Shares 33 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	102,332	$49,490	8.7%	$68.46	+631.2%	COM	594918104
AMZN	AMAZON.COM, INC.	217,377	$50,175	8.8%	$186.55	+22.6%	COM	023135106
EW	EDWARDS LIFESCIENCES CORPORATI	184,741	$15,749	2.8%	$72.14	+13.8%	COM	28176E108
JPM	JP MORGAN CHASE & CO	112,224	$36,161	6.3%	$103.39	+199.4%	COM	46625H100
MKL	MARKEL CORP.	1,140	$2,451	0.4%	$1907.92	+6.2%	COM	570535104
DHR	DANAHER CORPORATION	5,785	$1,324	0.2%	$247.51	-11.3%	COM	235851102
CRH	CRH PLC	13,096	$1,634	0.3%	$85.69	+39.0%	COM	G25508105
GOOG	ALPHABET INC. CLASS C	800	$251	0.0%	$119.42	+139.8%	COM	02079K107
BRK/B	BERKSHIRE HATHAWAY INC	169,000	$84,948	14.9%	$218.37	+127.8%	COM	084670702
V	VISA INC COM CL A	3,986	$1,398	0.2%	$209.87	+62.2%	COM	92826C839
MA	MASTERCARD INCORPORATED	69,564	$39,713	7.0%	$247.95	+125.4%	COM	57636Q104
FRMO	FRMO CORPORATION	11,500	$84	0.0%	$9.43	-14.4%	COM	30262F205
COST	COSTCO WHOLESALE CORPORATION	215	$185	0.0%	$732.52	+23.6%	COM	22160K105
LLY	ELI LILLY & CO	40	$43	0.0%	$506.78	+88.6%	COM	532457108
WFC	WELLS FARGO & COMPANY	1,220	$114	0.0%	$73.70	+17.5%	COM	949746101
CME	CME GROUP INC.	3,915	$1,069	0.2%	$173.76	+55.8%	COM	12572Q105
LIN	LINDE PLC	157	$67	0.0%	$380.70	+12.2%	COM	G54950103
USB	U.S. BANCORP DEL COMMON NEW	1,510	$81	0.0%	$44.20	+10.2%	COM	902973304
FAST	FASTENAL CO.	784	$31	0.0%	$32.00	+31.3%	COM	311900104
CAT	CATERPILLAR INC.	65	$37	0.0%	$261.47	+112.5%	COM	149123101
BAC	BANK OF AMERICA CORP	1,725	$95	0.0%	$30.57	+72.3%	COM	060505104
NVO	NOVO NORDISK A/S	1,159	$59	0.0%	$125.04	—	COM	670100205
IBM	INTERNATIONAL BUSINESS MACHINE	280	$83	0.0%	$239.40	+24.8%	COM	459200101
WHR	WHIRLPOOL CORP	559	$40	0.0%	$106.04	-30.4%	COM	963320106
WSO	WATSCO INC.	50	$17	0.0%	$492.90	-27.6%	COM	942622200
HON	HONEYWELL INTERNATIONAL INC.	165	$32	0.0%	$176.65	+10.4%	COM	438516106
LULU	LULULEMON ATHLETICA INC.	85	$18	0.0%	$327.11	-44.6%	COM	550021109
TJX	THE TJX COMPANIES, INC.	278	$43	0.0%	$75.64	+95.3%	COM	872540109
BRK/A	BERKSHIRE HATHAWAY INC.	4	$3,019	0.5%	$206031.66	+262.3%	COM	084670108
WMT	WALMART STORES INC	255	$28	0.0%	$92.95	+15.3%	COM	931142103
WELL	WELLTOWER INC.	270	$50	0.0%	$67.78	+175.1%	COM	95040Q104
XRAY	DENTSPLY SIRONA INC	1,451	$17	0.0%	$17.72	-33.7%	COM	24906P109
NSRGY	Nestle S.A. - ADR	210	$21	0.0%	$121.69	—	COM	641069406
MMM	3M CO COM	290	$46	0.0%	$144.58	+12.9%	COM	88579Y101
SOBO	SOUTH BOW CORP	1,700	$47	0.0%	$22.97	+18.3%	COM	83671M105
COIN	COINBASE GLOBAL, INC.	12	$3	0.0%	$339.07	-12.1%	COM	19260Q107
PSA	PUBLIC STORAGE	27	$7	0.0%	$260.60	+6.4%	COM	74460D109
APA	APA CORPORATION	3,130	$77	0.0%	$21.04	+14.7%	COM	03743Q108
PENN	PENN NATIONAL GAMING, INC.	119	$2	0.0%	$31.00	-49.7%	COM	707569109
ENVX	ENOVIX CORPORATION	140	$1	0.0%	$9.38	+3.2%	COM	293594107
LRLCY	L'Oreal S.A. - ADR	256	$22	0.0%	$89.14	—	COM	502117203
REZI	RESIDEO TECHNOLOGIES, INC.	27	$1	0.0%	$18.09	+104.6%	COM	76118Y104
XYZ	BLOCK, INC.	29	$2	0.0%	$74.85	-7.8%	COM	852234103
GTX	GARRETT MOTION INC.	16	$0	0.0%	$7.74	+105.7%	COM	366505105
EA	ELECTRONIC ARTS INC.	19	$4	0.0%	$115.63	+74.5%	COM	285512109
WAB	WABTEC CORPORATION	1	$0	0.0%	$100.52	+104.3%	COM	929740108
—	TRANSTEL SA COMMON	33	$0	0.0%	—	—	COM	89389N103