Dixon Mitchell Investment Counsel Inc.

CIK

1993485

Location

VANCOUVER, A1

Portfolio Value

Mid $2,631,346,276

Diversification

Diversified

Filing Date

Global Rank

#835 / 8,232 ▲ 36

Top Industry

Banks - Diversified 11.4%

3Y Alpha vs SPY

-5.9%

Period ended 2 months ago

Filed May 14, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+51.5%

SPY

+76.3%

Annualised alpha

-5.9%

Max drawdown

−16.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

126 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.3%

−0.9 pts

Top 5

24.6%

−3.1 pts

Top 10

45.4%

−2.7 pts

HHI

322

Diversified−23

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	28.0%	$735,567,412	20
Industrials	15.0%	$394,939,439	21
Technology	12.8%	$336,713,774	23
Basic Materials	10.8%	$284,723,362	9
Consumer Cyclical	9.8%	$258,172,060	11
Communication Services	9.8%	$256,706,380	13
Healthcare	7.0%	$183,183,099	10
Utilities	3.3%	$86,755,333	3
Energy	3.2%	$84,994,725	9
Real Estate	0.3%	$8,445,485	1
Unclassified	0.0%	$1,097,211	4
Consumer Defensive	0.0%	$47,996	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
TFPM	Triple Flag Precious Metals Corp.	+671,898	1,235,887	$42,897,637
NFLX	Netflix Inc	+209,170	396,354	$38,109,437
UBER	Uber Technologies, Inc	+140,253	352,423	$25,349,786
TRI	Thomson Reuters Corp /Can/	+92,681	303,326	$27,293,273
CDNS	Cadence Design Systems Inc	+66,660	67,473	$18,748,722
SE	Sea Ltd	+27,000	74,000	$6,127,940
MSFT	Microsoft Corp	+19,506	343,473	$127,143,400
DSGX	Descartes Systems Group Inc	+8,399	340,370	$24,356,877
CIGI	Colliers International Group Inc.	+5,000	79,011	$8,445,485
MELI	Mercadolibre Inc	+4,050	8,300	$14,350,866
TU	Telus Corp	+6	267	$3,425
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CNQ	Canadian Natural Resources Ltd	−423,341	1,702,696	$82,972,376
BN	BROOKFIELD Corp /ON/	−337,644	2,026,278	$82,003,470
MIDD	MIDDLEBY Corp	−150,566	491	$65,096
AAPL	Apple Inc.	−124,581	357	$90,603
GOOGL	Alphabet Inc.	−109,314	439,704	$126,441,282
TD	Toronto Dominion Bank	−102,726	1,499,333	$139,902,762
MEOH	Methanex Corp	−97,113	1,951,101	$116,168,553
CP	Canadian Pacific Kansas City Ltd/Cn	−78,415	218,538	$17,190,199
RY	Royal Bank Of Canada	−59,476	812,192	$131,396,421
CNI	Canadian National Railway Co	−54,088	448,437	$46,085,870
BIPH	Brookfield Infrastructure Partners L.P.	−53,548	2,395,222	$86,515,418
TFII	TFI International Inc.	−21,174	884,525	$96,085,950
BLD	TopBuild Corp	−14,902	20,126	$7,070,263
CERT	Certara, Inc.	−8,423	1,537,876	$8,765,893
BGSI	Boyd Group Services Inc.	−7,256	612,852	$78,359,256
WPM	Wheaton Precious Metals Corp.	−5,966	929,304	$121,748,117
ICE	Intercontinental Exchange, Inc.	−4,619	700,664	$110,200,433
MFC	Manulife Financial Corp	−3,892	10,576	$364,237
FTNT	Fortinet, Inc.	−3,345	337,594	$27,588,181
NTR	Nutrien Ltd.	−2,926	3,616	$272,863
TXN	Texas Instruments Inc	−2,411	255,104	$49,525,890
HEI	Heico Corp	−2,401	201,424	$55,230,460
V	Visa Inc.	−2,331	381,968	$115,446,008
AMZN	Amazon Com Inc	−2,200	295,240	$61,489,634
WCN	Waste Connections, Inc.	−2,161	109,806	$17,836,886
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
SPOT	Spotify Technology S.A.	112,044	$54,331,256
HDB	Hdfc Bank Ltd	263,000	$6,543,440
PAC	Pacific Airport Group	22,700	$5,603,949
IBN	Icici Bank Ltd	164,000	$4,247,600
RIO	Rio Tinto PLC	25,400	$2,369,566
AZN	Astrazeneca PLC	1,206	$237,847
COF	Capital One Financial Corp	1,095	$199,760
VSNT	Versant Media Group, Inc.	19	$703
ORIO	Orion Digital Corp.	713	$671
No positions match the current search.

Sold Out

Positions the filer fully exited

18 positions

Ticker	Company	Shares	Value
FNV	FRANCO NEVADA Corp	50	$10,364
APH	Amphenol Corp /De/	45	$6,081
BSX	Boston Scientific Corp	60	$5,721
ASML	Asml Holding NV	5	$5,349
AGI	Alamos Gold Inc	125	$4,822
CRWD	CrowdStrike Holdings, Inc.	10	$4,687
GE	General Electric Co	15	$4,620
B	Barrick Mining Corp	105	$4,572
MGA	Magna International Inc	80	$4,264
BAM	Brookfield Asset Management Ltd.	80	$4,191
EQT	EQT Corp	75	$4,020
BX	Blackstone Inc.	25	$3,853
ISRG	Intuitive Surgical Inc	5	$2,831
RTX	RTX Corp	15	$2,751
NVO	Novo Nordisk A S	50	$2,544
WCC	Wesco International Inc	10	$2,446
CVE	Cenovus Energy Inc.	140	$2,368
LDOS	Leidos Holdings, Inc.	10	$1,804
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

126 positions · $2,631,346,276 total · as of Mar 31, 2026

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

Showing 1–50 of 126 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TD	Toronto Dominion Bank Financial Services	Reduced	1,499,333	-102,726	$139,902,762	−7.3%	5.32%
RY	Royal Bank Of Canada Financial Services	Reduced	812,192	-59,476	$131,396,421	−11.6%	4.99%
MSFT	Microsoft Corp Technology	Added	343,473	+19,506	$127,143,400	−18.8%	4.83%
GOOGL	Alphabet Inc. Communication Services	Reduced	439,704	-109,314	$126,441,282	−26.4%	4.81%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	929,304	-5,966	$121,748,117	+10.8%	4.63%
MEOH	Methanex Corp Basic Materials	Reduced	1,951,101	-97,113	$116,168,553	+42.8%	4.41%
V	Visa Inc. Financial Services	Reduced	381,968	-2,331	$115,446,008	−14.3%	4.39%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	700,664	-4,619	$110,200,433	−3.5%	4.19%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	218,432	-1,545	$104,672,614	−5.3%	3.98%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	208,627	-2,124	$102,546,429	−16.0%	3.90%
TFII	TFI International Inc. Industrials	Reduced	884,525	-21,174	$96,085,950	+2.7%	3.65%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Reduced	2,395,222	-53,548	$86,515,418	+1.7%	3.29%
AME	Ametek Inc/ Industrials	Reduced	399,784	-1,955	$85,697,698	+3.9%	3.26%
CNQ	Canadian Natural Resources Ltd Energy	Reduced	1,702,696	-423,341	$82,972,376	+15.3%	3.15%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	2,026,278	-337,644	$82,003,470	−24.4%	3.12%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Reduced	612,852	-7,256	$78,359,256	−20.7%	2.98%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	295,240	-2,200	$61,489,634	−10.4%	2.34%
HEI	Heico Corp Industrials	Reduced	201,424	-2,401	$55,230,460	−16.3%	2.10%
SPOT	Spotify Technology S.A. Communication Services	NEW	112,044	NEW	$54,331,256	NEW	2.06%
ROP	Roper Technologies Inc Technology	Reduced	146,385	-1,019	$51,799,796	−21.1%	1.97%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	210,949	-1,531	$49,843,029	−2.7%	1.89%
TXN	Texas Instruments Inc Technology	Reduced	255,104	-2,411	$49,525,890	+10.9%	1.88%
DPZ	Dominos Pizza Inc Consumer Cyclical	Reduced	131,944	-970	$47,340,187	−14.6%	1.80%
CNI	Canadian National Railway Co Industrials	Reduced	448,437	-54,088	$46,085,870	−7.2%	1.75%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Added	1,235,887	+671,898	$42,897,637	+129.0%	1.63%
NFLX	Netflix Inc Communication Services	Added	396,354	+209,170	$38,109,437	+117.1%	1.45%
META	Meta Platforms, Inc. Communication Services	Reduced	64,776	-414	$37,060,292	−13.9%	1.41%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	75,190	-613	$35,582,915	+0.5%	1.35%
DHR	Danaher Corp /De/ Healthcare	Reduced	185,291	-1,126	$35,131,173	−17.7%	1.34%
CSL	Carlisle Companies Inc Industrials	Reduced	88,652	-1,062	$29,576,080	+3.1%	1.12%
FTNT	Fortinet, Inc. Technology	Reduced	337,594	-3,345	$27,588,181	+1.9%	1.05%
TRI	Thomson Reuters Corp /Can/ Industrials	Added	303,326	+92,681	$27,293,273	−1.8%	1.04%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	89,925	-664	$26,452,338	−9.4%	1.01%
UBER	Uber Technologies, Inc Technology	Added	352,423	+140,253	$25,349,786	+46.2%	0.96%
DSGX	Descartes Systems Group Inc Technology	Added	340,370	+8,399	$24,356,877	−16.3%	0.93%
CDNS	Cadence Design Systems Inc Technology	Added	67,473	+66,660	$18,748,722	+7277.7%	0.71%
WCN	Waste Connections, Inc. Industrials	Reduced	109,806	-2,161	$17,836,886	−9.2%	0.68%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	218,538	-78,415	$17,190,199	−21.4%	0.65%
MELI	Mercadolibre Inc Consumer Cyclical	Added	8,300	+4,050	$14,350,866	+67.6%	0.55%
MA	Mastercard Inc Financial Services	Reduced	24,035	-224	$12,009,328	−13.3%	0.46%
SHOP	Shopify Inc. Technology	Reduced	80,724	-1,612	$9,575,480	−27.8%	0.36%
CERT	Certara, Inc. Healthcare	Reduced	1,537,876	-8,423	$8,765,893	−35.7%	0.33%
CIGI	Colliers International Group Inc. Real Estate	Added	79,011	+5,000	$8,445,485	−22.4%	0.32%
BLD	TopBuild Corp Industrials	Reduced	20,126	-14,902	$7,070,263	−51.6%	0.27%
HDB	Hdfc Bank Ltd Financial Services	NEW	263,000	NEW	$6,543,440	NEW	0.25%
SE	Sea Ltd Consumer Cyclical	Added	74,000	+27,000	$6,127,940	+2.2%	0.23%
ATS	ATS Corp /ATS Industrials	Held	211,025	0	$5,950,905	+2.4%	0.23%
PAC	Pacific Airport Group Industrials	NEW	22,700	NEW	$5,603,949	NEW	0.21%
IBN	Icici Bank Ltd Financial Services	NEW	164,000	NEW	$4,247,600	NEW	0.16%
RIO	Rio Tinto PLC Basic Materials	NEW	25,400	NEW	$2,369,566	NEW	0.09%