Latest PORTLAND INVESTMENT COUNSEL INC. Stock Portfolio

PORTLAND INVESTMENT COUNSEL INC. Performance:

2025 Q2: 1.57%YTD: 2.52%2024: -18.51%

Performance for 2025 Q2 is 1.57%, and YTD is 2.52%, and 2024 is -18.51%.

About PORTLAND INVESTMENT COUNSEL INC. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, PORTLAND INVESTMENT COUNSEL INC. reported an equity portfolio of $340 Millions as of 30 Jun, 2025.

The top stock holdings of PORTLAND INVESTMENT COUNSEL INC. are , ALCC, . The fund has invested 14.4% of it's portfolio in BERKSHIRE HATHAWAY INC DEL and 12.6% of portfolio in OKLO INC.

The fund managers got completely rid off TRANSDIGM GROUP INC (TDG), VEREN INC and OKTA INC (OKTA) stocks. They significantly reduced their stock positions in CENOVUS ENERGY INC, SPDR SER TR (BIL) and JPMORGAN CHASE & CO (JPM). PORTLAND INVESTMENT COUNSEL INC. opened new stock positions in UNITED PARCEL SERVICE INC (UPS) and SCHRODINGER INC (SDGR). The fund showed a lot of confidence in some stocks as they added substantially to NVIDIA CORPORATION (NVDA), ICON PLC and LIBERTY LATIN AMERICA LTD (LILA).

PORTLAND INVESTMENT COUNSEL INC. Annual Return Estimates Vs S&P 500

Our best estimate is that PORTLAND INVESTMENT COUNSEL INC. made a return of 1.57% in the last quarter. In trailing 12 months, it's portfolio return was 5.72%.

New Buys

Ticker	$ Bought
united parcel service inc	920,738
schrodinger inc	206,100

New stocks bought by PORTLAND INVESTMENT COUNSEL INC.

Additions

Ticker	% Inc.
nvidia corporation	76.61
icon plc	50.00
magna intl inc	33.72
liberty latin america ltd	32.81
perspective therapeutics inc	31.58
constellation energy corp	30.77
iovance biotherapeutics inc	30.00
microsoft corp	23.4

Additions to existing portfolio by PORTLAND INVESTMENT COUNSEL INC.

Reductions

Ticker	% Reduced
cenovus energy inc	-98.74
spdr ser tr	-57.83
jpmorgan chase & co	-52.01
the cigna group	-29.63
toronto dominion bk ont	-17.89
south bow corp	-13.31
ares management corporation	-5.38
berkshire hathaway inc del	-5.33

PORTLAND INVESTMENT COUNSEL INC. reduced stake in above stock

Sold off

Ticker	$ Sold
veren inc	-669,772
okta inc	-257,789
transdigm group inc	-686,112

PORTLAND INVESTMENT COUNSEL INC. got rid off the above stocks

Sector Distribution

PORTLAND INVESTMENT COUNSEL INC. has about 69.3% of it's holdings in Others sector.

Sector	%
Others	69.3
Healthcare	18.9
Financial Services	5.6
Industrials	1.4
Technology	1.3
Consumer Cyclical	1.3
Communication Services	1.2

Market Cap. Distribution

PORTLAND INVESTMENT COUNSEL INC. has about 27.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	69.3
LARGE-CAP	24
MEGA-CAP	3.6
MID-CAP	1.8
SMALL-CAP	1.3

Stocks belong to which Index?

About 25.3% of the stocks held by PORTLAND INVESTMENT COUNSEL INC. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	74.7
S&P 500	22.6
RUSSELL 2000	2.7

Top 5 Winners (%)		%
LEU	centrus energy corp	168.0 %
SMR	nuscale pwr corp	127.0 %
BWXT	bwx technologies inc	40.6 %
CCL	carnival corp	39.6 %
CEG	constellation energy corp	39.5 %

Top 5 Winners ($)		$
ARES	ares management corporation	2.5 M
LEU	centrus energy corp	1.2 M
SMR	nuscale pwr corp	1.0 M
CCL	carnival corp	0.9 M
META	meta platforms inc	0.4 M

Top 5 Losers (%)		%
IOVA	iovance biotherapeutics inc	-42.7 %
LNTH	lantheus hldgs inc	-16.5 %
BCYC	bicycle therapeutics plc	-14.7 %
PLUG	plug power inc	-14.1 %
AMGN	amgen inc	-11.1 %

Top 5 Losers ($)		$
ELV	elevance health inc	-2.7 M
DHR	danaher corporation	-0.4 M
LNTH	lantheus hldgs inc	-0.2 M
IOVA	iovance biotherapeutics inc	-0.2 M
AAPL	apple inc	-0.1 M

PORTLAND INVESTMENT COUNSEL INC. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of PORTLAND INVESTMENT COUNSEL INC.

PORTLAND INVESTMENT COUNSEL INC. has 48 stocks in it's portfolio. About 85% of the portfolio is in top 10 stocks. ELV proved to be the most loss making stock for the portfolio. ARES was the most profitable stock for PORTLAND INVESTMENT COUNSEL INC. last quarter.

Last Reported on: 13 Aug, 2025

Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	berkshire hathaway inc del	14.40	100,783	48,956,200	reduced	-5.33

ALCC	oklo inc	12.59	766,480	42,801,800	reduced	-5.09

	magna intl inc	10.58	930,400	35,966,800	added	33.72

	toronto dominion bk ont	8.22	380,100	27,942,600	reduced	-17.89

	south bow corp	7.59	993,644	25,804,400	reduced	-13.31

CI	the cigna group	7.02	72,200	23,852,900	reduced	-29.63

	brookfield asset managmt ltd	6.74	414,100	22,906,000	added	5.06

	bank nova scotia b c	6.66	409,629	22,647,300	unchanged	0.00

ELV	elevance health inc	6.64	58,100	22,577,700	unchanged	0.00

ARES	ares management corporation	4.62	90,624	15,695,700	reduced	-5.38

DHR	danaher corporation	3.48	59,754	11,816,600	added	9.13

	brookfield corp	1.09	60,219	3,714,550	unchanged	0.00

CCL	carnival corp	0.89	110,702	3,017,740	unchanged	0.00

RDNT	radnet inc	0.70	42,000	2,392,740	added	5.00

NVDA	nvidia corporation	0.57	12,271	1,938,700	added	76.61

LEU	centrus energy corp	0.56	11,250	1,897,310	added	12.5

META	meta platforms inc	0.54	2,500	1,845,220	reduced	-4.8

	cameco corp	0.52	24,000	1,769,660	unchanged	0.00

SMR	nuscale pwr corp	0.51	45,000	1,719,000	added	12.5

GS	goldman sachs group inc	0.47	2,251	1,593,140	unchanged	0.00