LOUISBOURG INVESTMENTS INC.

CIK

2053050

Location

DIEPPE, A3

Portfolio Value

Small $514,600,024

Diversification

Diversified

Filing Date

Global Rank

#2,566 / 8,607 ▲ 146 · as of Mar 2026

Top Industry

Gold 11.1%

3Y Alpha vs SPY

-7.1%

Period ended 3 months ago

Filed Apr 22, 2026 · 3mo

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jul 2026 · vs SPY

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

Cloned portfolio

+34.3%

SPY

+55.6%

Annualised alpha

-7.1%

Max drawdown

−17.1%

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

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

Top Position

5.7%

−0.2 pts

Top 5

16.3%

+0.0 pts

Top 10

25.9%

−0.4 pts

HHI

156

Diversified−5

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	19.0%	$98,027,343	31
Basic Materials	17.5%	$90,260,918	25
Industrials	15.4%	$79,388,799	23
Financial Services	10.5%	$53,995,762	29
Energy	8.4%	$43,201,902	17
Consumer Cyclical	7.9%	$40,737,038	17
Communication Services	6.7%	$34,614,799	9
Healthcare	6.7%	$34,293,039	27
Real Estate	4.5%	$22,971,201	5
Consumer Defensive	2.5%	$12,965,944	10
Utilities	0.7%	$3,848,040	7
Unclassified	0.1%	$295,239	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BN	BROOKFIELD Corp /ON/	+97,796	264,944	$10,722,283
CSGP	Costar Group, Inc.	+84,764	175,086	$7,062,969
BSX	Boston Scientific Corp	+76,220	84,087	$5,276,459
TRI	Thomson Reuters Corp /Can/	+59,112	72,832	$6,553,423
SHOP	Shopify Inc.	+56,746	123,616	$14,663,329
CVE	Cenovus Energy Inc.	+44,592	225,180	$5,974,025
STN	Stantec Inc	+36,563	78,568	$6,788,275
UUUU	Energy Fuels Inc	+35,300	339,500	$6,195,875
NFLX	Netflix Inc	+31,175	43,101	$4,144,161
EQX	Equinox Gold Corp.	+30,300	375,900	$5,435,514
LSPD	Lightspeed Commerce Inc.	+26,531	672,764	$6,027,965
KKR	KKR & Co. Inc.	+25,270	56,845	$5,258,162
KGC	Kinross Gold Corp	+24,400	196,100	$5,984,972
CIGI	Colliers International Group Inc.	+24,110	75,882	$8,111,026
HBM	Hudbay Minerals Inc.	+22,000	285,900	$5,975,310
ABT	Abbott Laboratories	+20,725	59,288	$6,087,098
SSRM	Ssr Mining Inc.	+17,600	225,400	$6,626,760
GIB	Cgi Inc	+16,988	78,812	$5,761,157
TECK	Teck Resources Ltd	+16,388	175,850	$9,100,237
CRM	Salesforce, Inc.	+14,939	54,137	$10,105,753
BNS	Bank Of Nova Scotia	+12,283	89,518	$6,204,492
A	Agilent Technologies, Inc.	+10,495	46,369	$5,285,138
IAG	Iamgold Corp	+9,900	318,300	$5,990,406
MSFT	Microsoft Corp	+9,573	42,820	$15,850,679
GIL	Gildan Activewear Inc.	+9,552	155,548	$8,656,246
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GFR	Greenfire Resources Ltd.	−185,364	411,980	$2,603,713
RCI	Rogers Communications Inc	−134,932	126,901	$4,879,343
ATS	ATS Corp /ATS	−122,275	84,855	$2,392,911
PBA	Pembina Pipeline Corp	−97,840	129,498	$5,796,330
CNP	Centerpoint Energy Inc	−27,545	46,713	$2,016,133
FTS	Fortis Inc.	−26,073	19,054	$1,063,022
QSR	Restaurant Brands International Inc.	−18,038	60,059	$4,438,360
RGLD	Royal Gold Inc	−17,667	50	$12,724
CP	Canadian Pacific Kansas City Ltd/Cn	−17,057	20,833	$1,638,723
ROST	Ross Stores, Inc.	−16,175	6,092	$1,319,709
CTSH	Cognizant Technology Solutions Corp	−15,689	78,029	$4,787,079
SU	Suncor Energy Inc	−14,359	82,220	$5,435,564
NTR	Nutrien Ltd.	−12,134	72,059	$5,437,572
JNJ	Johnson & Johnson	−11,896	21,016	$5,137,151
ENTG	Entegris Inc	−10,190	28,329	$3,321,291
DCBO	Docebo Inc.	−7,100	94,572	$1,652,172
WPM	Wheaton Precious Metals Corp.	−6,192	85,578	$11,211,573
COP	Conocophillips	−6,030	44,113	$5,822,916
J	Jacobs Solutions Inc.	−5,675	41,937	$5,337,741
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−2,760	37,609	$12,709,961
ACN	Accenture plc	−2,740	12,456	$2,469,900
DG	Dollar General Corp	−2,725	30,014	$3,563,562
CNI	Canadian National Railway Co	−2,551	287,395	$29,535,584
BP	Bp PLC	−2,400	13,280	$624,160
RY	Royal Bank Of Canada	−1,788	26,227	$4,243,004
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
FNV	FRANCO NEVADA Corp	29,832	$7,369,995
AG	First Majestic Silver Corp	279,600	$6,005,808
CDE	Coeur Mining, Inc.	292,481	$5,489,868
TTEK	Tetra Tech Inc	119,970	$3,613,496
MTA	Metalla Royalty & Streaming Ltd.	360,342	$2,389,067
ELE	Elemental Royalty Corp	117,375	$2,211,345
SUNB	Sunbelt Rentals Holdings, Inc.	32,587	$2,121,087
MDA	MDA Space Ltd.	6,875	$174,075
WAT	Waters Corp /De/	100	$29,780
KO	Coca Cola Co	332	$25,248
ECL	Ecolab Inc.	86	$22,877
PAAS	Pan American Silver Corp	200	$10,926
WRN	Western Copper & Gold Corp	1,500	$3,795
HOOD	Robinhood Markets, Inc.	28	$1,940
DFTX	Definium Therapeutics, Inc.	52	$982
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
NGD	New Gold Inc. /FI	563,400	$4,907,214
CLS	Celestica Inc	14,100	$4,168,101
ORCL	Oracle Corp	10,225	$1,992,954
HPQ	Hp Inc	6,450	$143,706
GRTUF	Granite Real Estate Investment Trust	2,400	$142,056
NEE	Nextera Energy Inc	240	$19,267
KMB	Kimberly Clark Corp	170	$17,151
RIOT	Riot Platforms, Inc.	430	$5,448
SNDL	SNDL Inc.	2,900	$4,814
TWST	Twist Bioscience Corp	95	$3,013
CRL	Charles River Laboratories International, Inc.	10	$1,994
MRNA	Moderna, Inc.	62	$1,828
XRAY	DENTSPLY SIRONA Inc.	100	$1,143
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

202 positions · $514,600,024 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 202 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CNI	Canadian National Railway Co Industrials	Reduced	287,395	-2,551	$29,535,584	+3.1%	5.74%
MSFT	Microsoft Corp Technology	Added	42,820	+9,573	$15,850,679	−1.4%	3.08%
SHOP	Shopify Inc. Technology	Added	123,616	+56,746	$14,663,329	+36.2%	2.85%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	37,609	-2,760	$12,709,961	+3.6%	2.47%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	85,578	-6,192	$11,211,573	+4.0%	2.18%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	264,944	+97,796	$10,722,283	+39.8%	2.08%
AMZN	Amazon Com Inc Consumer Cyclical	Added	49,421	+6,120	$10,292,911	+3.0%	2.00%
CRM	Salesforce, Inc. Technology	Added	54,137	+14,939	$10,105,753	−2.7%	1.96%
TMUS	T-Mobile US, Inc. Communication Services	Added	44,318	+2,395	$9,308,109	+9.4%	1.81%
TECK	Teck Resources Ltd Basic Materials	Added	175,850	+16,388	$9,100,237	+19.2%	1.77%
AVGO	Broadcom Inc. Technology	Added	29,346	+6,295	$9,082,880	+13.8%	1.77%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	155,548	+9,552	$8,656,246	−5.1%	1.68%
META	Meta Platforms, Inc. Communication Services	Added	14,892	+1,337	$8,520,159	−4.8%	1.66%
OR	OR Royalties Inc. Basic Materials	Added	221,772	+2,501	$8,431,771	+8.7%	1.64%
CIGI	Colliers International Group Inc. Real Estate	Added	75,882	+24,110	$8,111,026	+6.6%	1.58%
FNV	FRANCO NEVADA Corp Basic Materials	NEW	29,832	NEW	$7,369,995	NEW	1.43%
BDX	Becton Dickinson & Co Healthcare	Reduced	46,164	-650	$7,258,365	+1.6%	1.41%
CSGP	Costar Group, Inc. Real Estate	Added	175,086	+84,764	$7,062,969	+16.3%	1.37%
STN	Stantec Inc Industrials	Added	78,568	+36,563	$6,788,275	+71.3%	1.32%
SSRM	Ssr Mining Inc. Basic Materials	Added	225,400	+17,600	$6,626,760	+45.5%	1.29%
TRI	Thomson Reuters Corp /Can/ Industrials	Added	72,832	+59,112	$6,553,423	+262.2%	1.27%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	51,234	+4,778	$6,550,779	−11.5%	1.27%
WTW	Willis Towers Watson PLC Financial Services	Added	22,466	+3,773	$6,530,866	+6.3%	1.27%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	132,989	+152	$6,480,553	+44.1%	1.26%
OTIS	Otis Worldwide Corp Industrials	Added	83,707	+7,430	$6,452,135	−3.2%	1.25%
URI	United Rentals, Inc. Industrials	Added	8,706	+1,595	$6,342,843	+10.2%	1.23%
BNS	Bank Of Nova Scotia Financial Services	Added	89,518	+12,283	$6,204,492	+9.0%	1.21%
UUUU	Energy Fuels Inc Energy	Added	339,500	+35,300	$6,195,875	+40.1%	1.20%
ABT	Abbott Laboratories Healthcare	Added	59,288	+20,725	$6,087,098	+26.0%	1.18%
LSPD	Lightspeed Commerce Inc. Technology	Added	672,764	+26,531	$6,027,965	−22.8%	1.17%
AG	First Majestic Silver Corp Basic Materials	NEW	279,600	NEW	$6,005,808	NEW	1.17%
IAG	Iamgold Corp Basic Materials	Added	318,300	+9,900	$5,990,406	+17.8%	1.16%
KGC	Kinross Gold Corp Basic Materials	Added	196,100	+24,400	$5,984,972	+23.8%	1.16%
HBM	Hudbay Minerals Inc. Basic Materials	Added	285,900	+22,000	$5,975,310	+14.1%	1.16%
CVE	Cenovus Energy Inc. Energy	Added	225,180	+44,592	$5,974,025	+95.5%	1.16%
COP	Conocophillips Energy	Reduced	44,113	-6,030	$5,822,916	+24.1%	1.13%
PBA	Pembina Pipeline Corp Energy	Reduced	129,498	-97,840	$5,796,330	−33.0%	1.13%
GIB	Cgi Inc Technology	Added	78,812	+16,988	$5,761,157	+1.0%	1.12%
DIS	Walt Disney Co Communication Services	Added	59,204	+7,265	$5,706,081	−3.4%	1.11%
DSGX	Descartes Systems Group Inc Technology	Added	79,704	+7,841	$5,703,618	−9.5%	1.11%
CDE	Coeur Mining, Inc. Basic Materials	NEW	292,481	NEW	$5,489,868	NEW	1.07%
NTR	Nutrien Ltd. Basic Materials	Reduced	72,059	-12,134	$5,437,572	+4.6%	1.06%
SU	Suncor Energy Inc Energy	Reduced	82,220	-14,359	$5,435,564	+26.9%	1.06%
EQX	Equinox Gold Corp. Basic Materials	Added	375,900	+30,300	$5,435,514	+12.0%	1.06%
J	Jacobs Solutions Inc. Industrials	Reduced	41,937	-5,675	$5,337,741	−15.4%	1.04%
A	Agilent Technologies, Inc. Healthcare	Added	46,369	+10,495	$5,285,138	+8.3%	1.03%
BSX	Boston Scientific Corp Healthcare	Added	84,087	+76,220	$5,276,459	+603.4%	1.03%
KKR	KKR & Co. Inc. Financial Services	Added	56,845	+25,270	$5,258,162	+30.6%	1.02%
JNJ	Johnson & Johnson Healthcare	Reduced	21,016	-11,896	$5,137,151	−24.6%	1.00%
RCI	Rogers Communications Inc Communication Services	Reduced	126,901	-134,932	$4,879,343	−50.6%	0.95%