LOUISBOURG INVESTMENTS INC.

CIK

2053050

Location

DIEPPE, A3

Portfolio Value

Small $525,328,614

Diversification

Diversified

Filing Date

Global Rank

#673 / 3,203 ▲ 1901

Top Industry

Software - Application 8.8%

3Y Alpha vs SPY

-6.6%

Period ended 30 days ago

Filed Jul 23, 2026 · 7d

11 quarters · since Dec 2023

Clone Performance

Feb 2024–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+38.2%

SPY

+50.3%

Annualised alpha

-4.0%

Max drawdown

−17.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 10 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

5.7%

−0.0 pts

Top 5

17.6%

+1.3 pts

Top 10

28.8%

+2.9 pts

HHI

169

Diversified+13

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	21.1%	$110,693,007	30
Industrials	16.8%	$88,116,480	24
Basic Materials	12.4%	$65,185,498	20
Financial Services	10.6%	$55,844,693	28
Energy	9.9%	$51,858,514	16
Consumer Cyclical	7.9%	$41,740,666	17
Communication Services	6.7%	$35,307,931	9
Healthcare	6.5%	$34,344,407	28
Real Estate	4.8%	$25,130,306	6
Consumer Defensive	2.5%	$13,326,684	8
Utilities	0.7%	$3,495,046	7
Unclassified	0.1%	$285,382	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CVE	Cenovus Energy Inc.	+266,168	491,348	$12,190,343
GFR	Greenfire Resources Ltd.	+250,000	661,980	$3,740,187
MDA	MDA Space Ltd.	+165,250	172,125	$7,105,320
SU	Suncor Energy Inc	+155,873	238,093	$12,780,832
MEOH	Methanex Corp	+108,800	108,820	$5,022,043
BSX	Boston Scientific Corp	+98,866	182,953	$7,808,434
ELE	Elemental Royalty Corp	+91,627	209,002	$3,649,174
CSGP	Costar Group, Inc.	+81,250	256,336	$7,259,435
TECK	Teck Resources Ltd	+71,285	247,135	$14,694,647
DCBO	Docebo Inc.	+65,465	160,037	$2,864,662
CTSH	Cognizant Technology Solutions Corp	+59,130	137,159	$5,312,168
NTR	Nutrien Ltd.	+51,269	123,328	$7,763,497
CNQ	CANADIAN NATURAL RESOURCES Ltd	+43,661	176,650	$6,977,675
SHOP	Shopify Inc.	+30,054	153,670	$17,546,040
TTEK	Tetra Tech Inc	+27,291	147,261	$4,254,370
ATS	ATS Corp /ATS	+26,249	111,104	$3,197,573
AG	First Majestic Silver Corp	+25,100	304,700	$5,167,712
STN	Stantec Inc	+22,684	101,252	$6,977,275
OTIS	Otis Worldwide Corp	+19,360	103,067	$7,379,597
BGSI	Boyd Group Services Inc.	+16,834	68,068	$6,440,594
TRI	Thomson Reuters Corp /Can/	+16,603	89,435	$7,304,156
CRM	Salesforce, Inc.	+14,029	68,166	$10,678,885
CBRE	Cbre Group, Inc.	+12,364	38,605	$5,199,707
TMUS	T-Mobile US, Inc.	+12,074	56,392	$9,458,630
PBA	Pembina Pipeline Corp	+11,979	141,477	$6,543,311
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LSPD	Lightspeed Commerce Inc.	−94,784	577,980	$6,063,010
HBM	Hudbay Minerals Inc.	−65,800	220,100	$5,196,561
OR	OR Royalties Inc.	−52,325	169,447	$5,359,608
CNI	Canadian National Railway Co	−35,585	251,810	$30,025,824
BNS	Bank Of Nova Scotia	−26,814	62,704	$5,445,215
GIB	Cgi Inc	−21,707	57,105	$3,687,269
WPM	Wheaton Precious Metals Corp.	−20,349	65,229	$7,326,521
ENTG	Entegris Inc	−18,126	10,203	$1,835,111
CNP	Centerpoint Energy Inc	−14,379	32,334	$1,423,989
JNJ	Johnson & Johnson	−11,030	9,986	$2,536,144
A	Agilent Technologies, Inc.	−10,313	36,056	$4,789,318
TD	Toronto Dominion Bank	−9,481	37,773	$4,586,775
KKR	KKR & Co. Inc.	−9,421	47,424	$4,352,574
BNY	Bank of New York Mellon Corp	−8,612	29,885	$4,321,669
UNP	Union Pacific Corp	−8,471	9,551	$2,597,872
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−7,079	30,530	$14,580,212
SUNB	Sunbelt Rentals Holdings, Inc.	−5,400	27,187	$2,033,859
URI	United Rentals, Inc.	−5,017	3,689	$4,179,231
MTA	Metalla Royalty & Streaming Ltd.	−5,000	355,342	$2,704,152
FNV	FRANCO NEVADA Corp	−3,469	26,363	$5,495,103
ACN	Accenture plc	−3,192	9,264	$1,152,812
GIL	Gildan Activewear Inc.	−2,010	153,538	$7,922,560
PFE	Pfizer Inc	−1,600	100	$2,408
MSFT	Microsoft Corp	−1,493	41,327	$15,415,797
IVZ	Invesco Ltd.	−1,425	7,250	$191,327
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
BB	BLACKBERRY Ltd	679,400	$8,594,410
DVN	Devon Energy Corp/De	4,600	$190,072
DOW	Dow Inc.	5,825	$159,372
RPRX	Royalty Pharma plc	502	$28,147
DGX	Quest Diagnostics Inc	117	$24,798
GD	General Dynamics Corp	68	$24,088
CB	Chubb Ltd	70	$23,851
L	Loews Corp	210	$23,774
VICI	Vici Properties Inc.	831	$22,063
SPCX	Space Exploration Technologies Corp	35	$5,980
No positions match the current search.

Sold Out

Positions the filer fully exited

17 positions

Ticker	Company	Shares	Value
SSRM	Ssr Mining Inc.	225,400	$6,626,760
UUUU	Energy Fuels Inc	339,500	$6,195,875
IAG	Iamgold Corp	318,300	$5,990,406
KGC	Kinross Gold Corp	196,100	$5,984,972
CDE	Coeur Mining, Inc.	292,481	$5,489,868
EQX	Equinox Gold Corp.	375,900	$5,435,514
IMO	Imperial Oil Ltd	2,580	$337,515
WDC	Western Digital Corp	925	$250,203
TAP-A	Molson Coors Beverage Co	3,690	$158,891
LDOS	Leidos Holdings, Inc.	955	$148,521
KO	Coca Cola Co	332	$25,248
ECL	Ecolab Inc.	86	$22,877
CRCL	Circle Internet Group, Inc.	81	$7,728
COIN	Coinbase Global, Inc.	23	$4,016
ACHR	Archer Aviation Inc.	745	$3,851
HOOD	Robinhood Markets, Inc.	28	$1,940
DFTX	Definium Therapeutics, Inc.	52	$982
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

195 tracked positions · $525,328,614 total · as of Jun 30, 2026

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

Showing 1–50 of 195 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CNI	Canadian National Railway Co Industrials	Reduced	251,810	-35,585	$30,025,824	+1.7%	5.72%
SHOP	Shopify Inc. Technology	Added	153,670	+30,054	$17,546,040	+19.7%	3.34%
MSFT	Microsoft Corp Technology	Reduced	41,327	-1,493	$15,415,797	−2.7%	2.93%
TECK	Teck Resources Ltd Basic Materials	Added	247,135	+71,285	$14,694,647	+61.5%	2.80%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	30,530	-7,079	$14,580,212	+14.7%	2.78%
SU	Suncor Energy Inc Energy	Added	238,093	+155,873	$12,780,832	+135.1%	2.43%
CVE	Cenovus Energy Inc. Energy	Added	491,348	+266,168	$12,190,343	+104.1%	2.32%
AMZN	Amazon Com Inc Consumer Cyclical	Added	49,875	+454	$11,887,207	+15.5%	2.26%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	269,568	+4,624	$11,480,901	+7.1%	2.19%
AVGO	Broadcom Inc. Technology	Reduced	28,622	-724	$10,811,960	+19.0%	2.06%
CRM	Salesforce, Inc. Technology	Added	68,166	+14,029	$10,678,885	+5.7%	2.03%
META	Meta Platforms, Inc. Communication Services	Added	17,224	+2,332	$9,702,106	+13.9%	1.85%
TMUS	T-Mobile US, Inc. Communication Services	Added	56,392	+12,074	$9,458,630	+1.6%	1.80%
BB	BLACKBERRY Ltd Technology	NEW	679,400	NEW	$8,594,410	NEW	1.64%
CIGI	Colliers International Group Inc. Real Estate	Added	86,932	+11,050	$8,153,352	+0.5%	1.55%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	153,538	-2,010	$7,922,560	−8.5%	1.51%
BSX	Boston Scientific Corp Healthcare	Added	182,953	+98,866	$7,808,434	+48.0%	1.49%
NTR	Nutrien Ltd. Basic Materials	Added	123,328	+51,269	$7,763,497	+42.8%	1.48%
OTIS	Otis Worldwide Corp Industrials	Added	103,067	+19,360	$7,379,597	+14.4%	1.40%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	65,229	-20,349	$7,326,521	−34.7%	1.39%
BDX	Becton Dickinson & Co Healthcare	Added	48,315	+2,151	$7,311,508	+0.7%	1.39%
TRI	Thomson Reuters Corp /Can/ Industrials	Added	89,435	+16,603	$7,304,156	+11.5%	1.39%
CSGP	Costar Group, Inc. Real Estate	Added	256,336	+81,250	$7,259,435	+2.8%	1.38%
MDA	MDA Space Ltd. Industrials	Added	172,125	+165,250	$7,105,320	+3981.8%	1.35%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	176,650	+43,661	$6,977,675	+7.7%	1.33%
STN	Stantec Inc Industrials	Added	101,252	+22,684	$6,977,275	+2.8%	1.33%
J	Jacobs Solutions Inc. Industrials	Added	53,328	+11,391	$6,719,328	+25.9%	1.28%
PBA	Pembina Pipeline Corp Energy	Added	141,477	+11,979	$6,543,311	+12.9%	1.25%
WTW	Willis Towers Watson PLC Financial Services	Added	24,991	+2,525	$6,531,897	+0.0%	1.24%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	68,068	+16,834	$6,440,594	−1.7%	1.23%
ABT	Abbott Laboratories Healthcare	Added	67,648	+8,360	$6,138,379	+0.8%	1.17%
LSPD	Lightspeed Commerce Inc. Technology	Reduced	577,980	-94,784	$6,063,010	+0.6%	1.15%
DSGX	Descartes Systems Group Inc Technology	Added	83,216	+3,512	$5,761,875	+1.0%	1.10%
DIS	Walt Disney Co Communication Services	Reduced	58,773	-431	$5,656,901	−0.9%	1.08%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	26,363	-3,469	$5,495,103	−25.4%	1.05%
BNS	Bank Of Nova Scotia Financial Services	Reduced	62,704	-26,814	$5,445,215	−12.2%	1.04%
OR	OR Royalties Inc. Basic Materials	Reduced	169,447	-52,325	$5,359,608	−36.4%	1.02%
RY	Royal Bank Of Canada Financial Services	Reduced	25,705	-522	$5,320,163	+25.4%	1.01%
CTSH	Cognizant Technology Solutions Corp Technology	Added	137,159	+59,130	$5,312,168	+11.0%	1.01%
COP	Conocophillips Energy	Added	50,778	+6,665	$5,278,880	−9.3%	1.00%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	71,930	+11,871	$5,215,644	+17.5%	0.99%
CBRE	Cbre Group, Inc. Real Estate	Added	38,605	+12,364	$5,199,707	+46.3%	0.99%
HBM	Hudbay Minerals Inc. Basic Materials	Reduced	220,100	-65,800	$5,196,561	−13.0%	0.99%
AG	First Majestic Silver Corp Basic Materials	Added	304,700	+25,100	$5,167,712	−14.0%	0.98%
MEOH	Methanex Corp Basic Materials	Added	108,820	+108,800	$5,022,043	+421920.4%	0.96%
DLTR	Dollar Tree, Inc. Consumer Defensive	Reduced	41,416	-215	$5,009,265	+9.9%	0.95%
A	Agilent Technologies, Inc. Healthcare	Reduced	36,056	-10,313	$4,789,318	−9.4%	0.91%
TD	Toronto Dominion Bank Financial Services	Reduced	37,773	-9,481	$4,586,775	+4.0%	0.87%
FSV	FirstService Corp Real Estate	Added	31,490	+1,103	$4,475,043	+6.0%	0.85%
V	Visa Inc. Financial Services	Added	12,869	+145	$4,415,225	+14.8%	0.84%

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.