PORTLAND INVESTMENT COUNSEL INC.

CIK

1081668

Location

BURLINGTON, A6

Portfolio Value

Small $357,382,142

Diversification

Diversified

Filing Date

Global Rank

#4,735 / 8,823 ▲ 20

Top Industry

Healthcare Plans 17.6%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 80.7% of the book (60%+)

Turnover

Medium turnover

33.6% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 12.9 quarters (12+), a floor since 27.5% of the book was already held when coverage starts

Closest benchmark: the Russell 1000 as of 2026-06-30, active share 91.0%; sector active share 56.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

57 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

17.4%

+1.3 pts

Top 5

59.6%

+3.5 pts

Top 10

80.7%

−0.7 pts

HHI

874

Diversified+39

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	32.7%	$116,867,952	10
Healthcare	24.7%	$88,222,303	17
Communication Services	11.8%	$42,120,533	3
Energy	11.0%	$39,328,809	3
Utilities	8.9%	$31,691,946	2
Technology	4.6%	$16,583,771	9
Industrials	3.4%	$12,297,863	9
Consumer Cyclical	1.7%	$6,091,779	2
Unclassified	0.9%	$3,163,779	1
Consumer Defensive	0.3%	$1,013,407	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
CI	Cigna Group	+153,800	226,000	$62,303,680
VZ	Verizon Communications Inc	+29,200	894,200	$37,860,428
—		+18,750	34,524	$3,163,779
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
SOBO	South Bow Corp	−18,237	951,824	$33,542,277
BRK-B	Berkshire Hathaway Inc	−8,400	96,477	$48,276,126
BE	Bloom Energy Corp	−6,000	12,000	$3,632,400
TD	Toronto Dominion Bank	−5,300	186,700	$22,670,981
GS	Goldman Sachs Group Inc	−200	2,078	$2,101,626
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
UBER	Uber Technologies, Inc	120,500	$8,695,280
XE	X-Energy, Inc.	60,000	$1,101,600
SYY	Sysco Corp	12,125	$1,013,407
SPCX	Space Exploration Technologies Corp	4,060	$693,691
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ELV	Elevance Health, Inc.	58,100	$17,008,775
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

57 tracked positions · $357,382,142 total · filing declares 58 positions · $357,916,684 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
CI	Cigna Group Healthcare	Added	226,000	+153,800	$62,303,680	+223.5%	7	$294.10	17.43%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	96,477	-8,400	$48,276,126	−3.9%	26+	before history	13.51%
VZ	Verizon Communications Inc Communication Services	Added	894,200	+29,200	$37,860,428	−12.8%	3	$40.77	10.59%
SOBO	South Bow Corp Energy	Reduced	951,824	-18,237	$33,542,277	+3.8%	7	$25.73	9.39%
OKLO	Oklo Inc. Utilities	Held	589,480	0	$30,847,488	+5.5%	9	$7.79	8.63%
TD	Toronto Dominion Bank Financial Services	Reduced	186,700	-5,300	$22,670,981	+26.5%	26+	before history	6.34%
BAM	Brookfield Asset Management Ltd. Financial Services	Held	422,387	0	$18,944,056	+0.9%	15	unpriced	5.30%
ARES	Ares Management Corp Financial Services	Held	121,074	0	$13,476,746	+2.0%	26+	before history	3.77%
DHR	Danaher Corp Healthcare	Held	62,654	0	$11,934,333	+0.5%	26+	before history	3.34%
UBER	Uber Technologies, Inc Technology	NEW	120,500	NEW	$8,695,280	NEW	1	$73.33	2.43%
BN	BROOKFIELD Corp Financial Services	Held	112,663	0	$4,798,317	+5.2%	15	unpriced	1.34%
CCL	Carnival Corp Ltd. Consumer Cyclical	Held	139,602	0	$3,988,429	+10.4%	13	$17.18	1.12%
BE	Bloom Energy Corp Industrials	Reduced	12,000	-6,000	$3,632,400	+48.9%	6	$23.12	1.02%
CCJ	Cameco Corp Energy	Held	32,500	0	$3,310,450	−6.2%	10	unpriced	0.93%
BNS	Bank Of Nova Scotia Financial Services	Held	37,800	0	$3,282,552	+25.3%	2	$73.34	0.92%
		Added	34,524	+18,750	$3,163,779	+118.9%	8	$91.56	0.89%
TLX	Telix Pharmaceuticals Ltd Healthcare	Held	266,200	0	$3,069,286	+20.5%	4	$10.89	0.86%
RDNT	RadNet, Inc. Healthcare	Held	42,000	0	$2,590,140	+10.3%	13	$35.69	0.72%
LEU	Centrus Energy Corp Energy	Held	14,750	0	$2,476,082	−3.3%	10	unpriced	0.69%
GOOGL	Alphabet Inc. Communication Services	Held	6,787	0	$2,425,470	+24.3%	22	$98.80	0.68%
NVDA	Nvidia Corp Technology	Held	11,300	0	$2,261,017	+14.7%	7	$135.45	0.63%
AAPL	Apple Inc. Technology	Held	7,535	0	$2,180,327	+14.0%	22	$162.86	0.61%
AMZN	Amazon Com Inc Consumer Cyclical	Held	8,825	0	$2,103,350	+14.4%	22	$173.41	0.59%
GS	Goldman Sachs Group Inc Financial Services	Reduced	2,078	-200	$2,101,626	+9.1%	11	$340.38	0.59%
LNTH	Lantheus Holdings, Inc. Healthcare	Held	18,000	0	$1,996,920	+46.3%	10	unpriced	0.56%
BWXT	BWX Technologies, Inc. Industrials	Held	10,000	0	$1,946,500	−4.8%	10	unpriced	0.54%
JPM	Jpmorgan Chase & Co Financial Services	Held	5,752	0	$1,882,802	+11.3%	22	$220.24	0.53%
META	Meta Platforms, Inc. Communication Services	Held	3,257	0	$1,834,635	−1.5%	26+	before history	0.51%
GEV	GE Vernova Inc. Industrials	Held	1,500	0	$1,762,290	+34.6%	4	$607.79	0.49%
LLY	ELI LILLY & Co Healthcare	Held	1,458	0	$1,748,769	+30.4%	7	$891.64	0.49%
MSFT	Microsoft Corp Technology	Held	3,279	0	$1,223,132	+0.8%	22	$299.62	0.34%
XE	X-Energy, Inc. Industrials	NEW	60,000	NEW	$1,101,600	NEW	1	$25.89	0.31%
SMR	NUSCALE POWER Corp Industrials	Held	105,000	0	$1,053,150	−7.5%	12	$14.86	0.29%
SYY	Sysco Corp Consumer Defensive	NEW	12,125	NEW	$1,013,407	NEW	1	$75.70	0.28%
HEI	Heico Corp Industrials	Held	2,792	0	$994,482	+29.9%	8	$266.45	0.28%
UPS	United Parcel Service Inc Industrials	Held	9,100	0	$978,250	+9.3%	5	$98.38	0.27%
MA	Mastercard Inc Financial Services	Held	1,682	0	$863,875	+2.8%	22	$382.64	0.24%
ONC	BeOne Medicines Ltd. Healthcare	Held	3,000	0	$854,910	−4.0%	10	unpriced	0.24%
CATX	Perspective Therapeutics, Inc. Healthcare	Held	250,000	0	$852,500	−18.2%	11	unpriced	0.24%
CEG	Constellation Energy Corp Utilities	Held	3,400	0	$844,458	−11.1%	10	unpriced	0.24%
SPCX	Space Exploration Technologies Corp Industrials	NEW	4,060	NEW	$693,691	NEW	1	unpriced	0.19%
OLMA	Olema Pharmaceuticals, Inc. Healthcare	Held	50,000	0	$625,500	−16.1%	8	$8.18	0.18%
PANW	Palo Alto Networks Inc Technology	Held	1,796	0	$612,471	+112.7%	2	$168.00	0.17%
CRM	Salesforce, Inc. Technology	Held	3,875	0	$607,057	−16.1%	4	$242.42	0.17%
COIN	Coinbase Global, Inc. Financial Services	Held	3,905	0	$570,871	−16.3%	4	$294.15	0.16%
CRWD	CrowdStrike Holdings, Inc. Technology	Held	716	0	$546,408	+95.5%	2	$423.87	0.15%
IOVA	Iovance Biotherapeutics, Inc. Healthcare	Held	130,000	0	$540,800	+18.5%	12	$6.15	0.15%
ICLR	Icon PLC Healthcare	Held	3,000	0	$521,130	+57.0%	8	$224.77	0.15%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Held	654	0	$407,795	−19.3%	2	$765.59	0.11%
		Held	2,000	0	$247,000	+20.5%	3	unpriced	0.07%

Showing the top 50 of 57 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.