GFI Investment Counsel Ltd.

Registered adviser

CIK

1688774

Location

TORONTO, A6

Portfolio Value

Small $737,296,608

Diversification

Diversified

Filing Date

Global Rank

#3,028 / 8,816 ▼ 230

Top Industry

Credit Services 17.4%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

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

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 332720

Roster of Oct 1, 2026

Regulatory AUM

$1,754,256,168

Main clients

Corporations (52% of AUM)

LEI

5493002TK7PEP7TNNY52

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,754,256,168	Corporations (52%)
Mar 2025 to Mar 2026	$1,621,126,057	Corporations (51%)
Jan 2025 to Feb 2025	$1,647,292,121	Corporations (51%)

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 76.2% of the book (60%+)

Turnover

Low turnover

17.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 15.2 quarters (12+), a floor since 30.7% of the book was already held when coverage starts

Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 78.7%; sector active share 54.9% 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.

View clone backtest

Portfolio Concentration

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

Top Position

9.7%

−0.6 pts

Top 5

42.9%

+0.3 pts

Top 10

76.2%

−0.2 pts

HHI

681

Diversified−24

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	47.0%	$346,477,144	9
Industrials	17.3%	$127,330,525	3
Consumer Cyclical	15.1%	$111,467,732	4
Technology	11.3%	$83,669,384	4
Basic Materials	6.6%	$48,892,751	1
Unclassified	1.3%	$9,935,949	5
Communication Services	1.0%	$7,312,773	2
Real Estate	0.3%	$1,907,258	1
Consumer Defensive	0.0%	$303,092	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
VRSN	Verisign Inc	+70,170	113,640	$28,587,278
GOOGL	Alphabet Inc.	+9,529	19,829	$7,086,289
AON	Aon plc	+2,568	160,005	$53,072,058
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
OTIS	Otis Worldwide Corp	−142,437	442,927	$31,713,573
ROP	Roper Technologies Inc	−119,570	8,150	$2,757,878
HLT	Hilton Worldwide Holdings Inc.	−32,071	216,490	$71,541,285
BAM	Brookfield Asset Management Ltd.	−13,456	541,297	$24,277,170
FERG	Ferguson Enterprises Inc.	−11,846	251,124	$59,599,258
V	Visa Inc.	−5,969	188,200	$64,569,538
AXP	American Express Co	−5,943	183,904	$62,205,528
EFX	Equifax Inc	−4,875	226,926	$36,017,694
—		−4,664	72,044	$6,602,112
MSCI	MSCI Inc.	−4,391	104,619	$58,590,824
MSFT	Microsoft Corp	−4,223	137,975	$51,467,434
AMZN	Amazon Com Inc	−4,082	162,210	$38,661,131
SHW	Sherwin Williams Co	−2,833	141,998	$48,892,751
MCO	Moodys Corp	−2,593	117,879	$53,389,756
AAPL	Apple Inc.	−2,110	2,961	$856,794
BRK-B	Berkshire Hathaway Inc	−15	1,289	$645,002
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
IBKR	Interactive Brokers Group, Inc.	339,184	$29,522,575
SPY	Spdr S&P 500 ETF Trust	1,723	$1,286,684
IEFA	iShares Core MSCI EAFE ETF	12,181	$1,176,440
DKNG	DraftKings Inc.	39,635	$1,001,180
BUZZ	VanEck Social Sentiment ETF	6,320	$233,524
GOOG	Alphabet Inc.	641	$226,484
RY	Royal Bank Of Canada	989	$204,693
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
PSLV	Sprott Physical Silver Trust	8,520	$207,802
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 tracked positions · $737,296,608 total · filing declares 30 positions · $737,250,072 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Reduced	216,490	-32,071	$71,541,285	−5.3%	12	$157.56	9.70%
V	Visa Inc. Financial Services	Reduced	188,200	-5,969	$64,569,538	+10.0%	26+	before history	8.76%
AXP	American Express Co Financial Services	Reduced	183,904	-5,943	$62,205,528	+8.3%	9	$237.49	8.44%
FERG	Ferguson Enterprises Inc. Industrials	Reduced	251,124	-11,846	$59,599,258	−2.8%	8	$201.83	8.08%
MSCI	MSCI Inc. Financial Services	Reduced	104,619	-4,391	$58,590,824	−0.3%	26+	before history	7.95%
MCO	Moodys Corp Financial Services	Reduced	117,879	-2,593	$53,389,756	+1.6%	25	$271.83	7.24%
AON	Aon plc Financial Services	Added	160,005	+2,568	$53,072,058	+4.4%	13	$325.24	7.20%
MSFT	Microsoft Corp Technology	Reduced	137,975	-4,223	$51,467,434	−2.2%	26+	before history	6.98%
SHW	Sherwin Williams Co Basic Materials	Reduced	141,998	-2,833	$48,892,751	+5.3%	26+	before history	6.63%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	162,210	-4,082	$38,661,131	+11.6%	3	$220.23	5.24%
EFX	Equifax Inc Industrials	Reduced	226,926	-4,875	$36,017,694	−13.7%	22	$188.66	4.89%
OTIS	Otis Worldwide Corp Industrials	Reduced	442,927	-142,437	$31,713,573	−29.7%	4	$90.78	4.30%
IBKR	Interactive Brokers Group, Inc. Financial Services	NEW	339,184	NEW	$29,522,575	NEW	1	$83.23	4.00%
VRSN	Verisign Inc Technology	Added	113,640	+70,170	$28,587,278	+164.8%	2	$262.61	3.88%
BAM	Brookfield Asset Management Ltd. Financial Services	Reduced	541,297	-13,456	$24,277,170	−1.5%	3	$53.76	3.29%
GOOGL	Alphabet Inc. Communication Services	Added	19,829	+9,529	$7,086,289	+139.3%	3	$328.11	0.96%
		Reduced	72,044	-4,664	$6,602,112	−6.1%	24	$91.56	0.90%
ROP	Roper Technologies Inc Technology	Reduced	8,150	-119,570	$2,757,878	−93.9%	6	$561.12	0.37%
FSV	FirstService Corp Real Estate	Held	13,421	0	$1,907,258	+2.3%	26+	before history	0.26%
SPY	Spdr S&P 500 ETF Trust	NEW	1,723	NEW	$1,286,684	NEW	1	$725.01	0.17%
IEFA	iShares Core MSCI EAFE ETF	NEW	12,181	NEW	$1,176,440	NEW	1	unpriced	0.16%
DKNG	DraftKings Inc. Consumer Cyclical	NEW	39,635	NEW	$1,001,180	NEW	1	$24.66	0.14%
AAPL	Apple Inc. Technology	Reduced	2,961	-2,110	$856,794	−33.4%	4	$243.91	0.12%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	1,289	-15	$645,002	+3.2%	7	$464.12	0.09%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Held	11,984	0	$637,189	−0.1%	26+	before history	0.09%
COST	Costco Wholesale Corp Consumer Defensive	Held	324	0	$303,092	−6.1%	5	$989.92	0.04%
TSLA	Tesla, Inc. Consumer Cyclical	Held	628	0	$264,136	+13.1%	4	$346.84	0.04%
BUZZ	VanEck Social Sentiment ETF	NEW	6,320	NEW	$233,524	NEW	1	$35.57	0.03%
GOOG	Alphabet Inc. Communication Services	NEW	641	NEW	$226,484	NEW	1	$357.39	0.03%
RY	Royal Bank Of Canada Financial Services	NEW	989	NEW	$204,693	NEW	1	$185.52	0.03%

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.