Ravenstone Capital Management Inc.

Registered adviser

CIK

2086041

Location

TORONTO, A6

Portfolio Value

Small $244,496,188

Diversification

Diversified

Filing Date

Global Rank

#5,869 / 8,823 ▲ 204

Top Industry

Software - Infrastructure 12.2%

Period ended 4 months ago

Filed Aug 4, 2026 · 3mo

21 quarters · since Jun 2021

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, Nov 1, 2026

Form ADV adviser

CRD 338898

Roster of Nov 1, 2026

Regulatory AUM

$370,890,873

Main clients

Diversified

LEI

549300MUT6XH54MD4795

Stated strategy

Fundamental active, Value, Growth, Fixed income / rates, Multi-asset Form ADV Part 2A, Jun 18, 2026 · original

In the firm's words

Fundamental active: RCM invests in high quality businesses and expects the return on its investments to be driven predominantly by the underlying cash flows generated by the businesses and the price paid to acquire the shares of the businesses.
Value: it invests in businesses because their stocks are mispriced.
Growth: buy high quality growth businesses at prices below our estimate of their intrinsic value.
Fixed income / rates: In certain cases, the Firm may also offer a fixed-income strategy to clients.
Multi-asset: The Firm specializes in managing equity and balanced portfolios.

Portfolio style

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

Style

Diversified active

Top 10 weight 59.5%, 19.2 effective positions, active share 78.8% against the Dow Jones Industrial Average as of 2026-07-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

11.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.7 quarters (12+)

Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 78.8%; sector active share 36.3% against the combined 13F book's sector weights.

Over time 21 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

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

Top Position

7.2%

−0.3 pts

Top 5

34.1%

+0.9 pts

Top 10

59.5%

−0.8 pts

HHI

521

Diversified−12

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	31.0%	$75,745,105	9
Technology	19.1%	$46,738,820	8
Industrials	17.8%	$43,510,626	7
Healthcare	15.4%	$37,684,995	5
Communication Services	7.3%	$17,818,895	6
Basic Materials	4.4%	$10,764,820	1
Consumer Cyclical	4.2%	$10,343,372	3
Unclassified	0.7%	$1,635,226	10
Consumer Defensive	0.1%	$187,611	2
Energy	0.0%	$66,718	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
BRK-B	Berkshire Hathaway Inc	+24,115	24,353	$12,185,997
BN	BROOKFIELD Corp	+8,483	280,004	$11,925,370
FAST	Fastenal Co	+8,177	244,335	$11,735,410
BDX	Becton Dickinson & Co	+5,280	52,756	$7,983,565
CP	Canadian Pacific Kansas City Ltd	+4,992	133,314	$11,551,658
DHR	Danaher Corp	+4,665	57,996	$11,047,078
APH	Amphenol Corp	+3,137	96,109	$16,945,938
WCN	Waste Connections, Inc.	+2,693	55,303	$9,218,457
CNI	Canadian National Railway Co	+1,877	90,119	$10,745,789
RY	Royal Bank Of Canada	+1,854	76,182	$15,767,388
V	Visa Inc.	+1,462	51,468	$17,658,156
ISRG	Intuitive Surgical Inc	+1,250	17,082	$6,793,169
MSFT	Microsoft Corp	+1,170	37,943	$14,153,497
HD	Home Depot, Inc.	+1,072	28,705	$10,123,679
SPGI	S&P Global Inc.	+1,023	26,578	$10,824,155
SHW	Sherwin Williams Co	+1,000	31,264	$10,764,820
TMO	Thermo Fisher Scientific Inc.	+954	23,658	$11,861,174
FTNT	Fortinet, Inc.	+750	101,116	$15,533,439
GOOG	Alphabet Inc.	+518	47,451	$16,765,861
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
TLT	iShares 20+ Year Treasury Bond ETF	−420	17,766	$1,535,337
GOOGL	Alphabet Inc.	−180	2,298	$821,236
NVDA	Nvidia Corp	−178	86	$17,207
VRT	Vertiv Holdings Co	−148	12	$4,017
AMZN	Amazon Com Inc	−125	860	$204,972
SNOW	Snowflake Inc.	−62	215	$54,717
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−22	14	$6,685
TSLA	Tesla, Inc.	−20	35	$14,721
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
MA	Mastercard Inc	12,555	$6,448,248
SOXL	Direxion Daily Semiconductor Bull 3X Shares	200	$53,342
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	32	$11,841
IAU	Ishares Gold Trust	150	$11,326
CRWD	CrowdStrike Holdings, Inc.	10	$7,631
IEFA	iShares Core MSCI EAFE ETF	64	$6,181
SPY	Spdr S&P 500 ETF Trust	8	$5,974
QQQ	Invesco Qqq Trust, Series 1	8	$5,891
PWR	Quanta Services, Inc.	8	$5,760
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	26	$1,957
GLXY	Galaxy Digital Inc.	48	$1,312
GLDM	World Gold Trust	9	$714
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
ZTS	Zoetis Inc.	55,121	$6,515,853
CEG	Constellation Energy Corp	85	$23,736
AVGO	Broadcom Inc.	72	$22,284
VST	Vistra Corp.	115	$17,287
AMAT	Applied Materials Inc	42	$14,355
LMT	Lockheed Martin Corp	18	$10,879
ASML	Asml Holding NV	8	$10,566
RTX	RTX Corp	53	$10,223
ARM	Arm Holdings PLC	65	$9,833
ROK	Rockwell Automation, Inc	18	$6,459
LLY	ELI LILLY & Co	7	$6,438
ABBV	AbbVie Inc.	21	$4,567
KTOS	Kratos Defense & Security Solutions, Inc.	55	$3,878
HUBC	Hub Cyber Security Ltd.	3	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

52 tracked positions · $244,496,188 total · filing declares 54 positions · $244,425,336 · as of Jun 30, 2026

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

Showing 1–50 of 52 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
V	Visa Inc. Financial Services	Added	51,468	+1,462	$17,658,156	+16.8%	21	before history	7.22%
APH	Amphenol Corp Technology	Added	96,109	+3,137	$16,945,938	+44.3%	21	before history	6.93%
GOOG	Alphabet Inc. Communication Services	Added	47,451	+518	$16,765,861	+24.5%	21	before history	6.86%
RY	Royal Bank Of Canada Financial Services	Added	76,182	+1,854	$15,767,388	+31.1%	21	before history	6.45%
FTNT	Fortinet, Inc. Technology	Added	101,116	+750	$15,533,439	+89.4%	21	before history	6.35%
MSFT	Microsoft Corp Technology	Added	37,943	+1,170	$14,153,497	+4.0%	21	before history	5.79%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	24,353	+24,115	$12,185,997	+10584.9%	21	before history	4.98%
BN	BROOKFIELD Corp Financial Services	Added	280,004	+8,483	$11,925,370	+8.5%	6	unpriced	4.88%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	23,658	+954	$11,861,174	+6.3%	21	before history	4.85%
FAST	Fastenal Co Industrials	Added	244,335	+8,177	$11,735,410	+7.1%	13	unpriced	4.80%
CP	Canadian Pacific Kansas City Ltd Industrials	Added	133,314	+4,992	$11,551,658	+14.4%	13	$78.73	4.72%
DHR	Danaher Corp Healthcare	Added	57,996	+4,665	$11,047,078	+9.3%	21	before history	4.52%
SPGI	S&P Global Inc. Financial Services	Added	26,578	+1,023	$10,824,155	−0.4%	10	unpriced	4.43%
SHW	Sherwin Williams Co Basic Materials	Added	31,264	+1,000	$10,764,820	+11.0%	21	before history	4.40%
CNI	Canadian National Railway Co Industrials	Added	90,119	+1,877	$10,745,789	+18.5%	21	before history	4.40%
HD	Home Depot, Inc. Consumer Cyclical	Added	28,705	+1,072	$10,123,679	+11.4%	21	before history	4.14%
WCN	Waste Connections, Inc. Industrials	Added	55,303	+2,693	$9,218,457	+7.9%	21	before history	3.77%
BDX	Becton Dickinson & Co Healthcare	Added	52,756	+5,280	$7,983,565	+7.0%	2	unpriced	3.27%
ISRG	Intuitive Surgical Inc Healthcare	Added	17,082	+1,250	$6,793,169	−6.9%	21	before history	2.78%
MA	Mastercard Inc Financial Services	NEW	12,555	NEW	$6,448,248	NEW	1	$498.62	2.64%
TLT	iShares 20+ Year Treasury Bond ETF	Reduced	17,766	-420	$1,535,337	−2.6%	11	unpriced	0.63%
BNS	Bank Of Nova Scotia Financial Services	Held	10,705	0	$929,622	+25.3%	21	before history	0.38%
GOOGL	Alphabet Inc. Communication Services	Reduced	2,298	-180	$821,236	+15.2%	21	before history	0.34%
CECO	Ceco Environmental Corp Industrials	Held	2,750	0	$249,535	+52.3%	5	$24.90	0.10%
META	Meta Platforms, Inc. Communication Services	Held	400	0	$225,316	−1.5%	7	$590.44	0.09%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	860	-125	$204,972	−0.1%	7	$207.95	0.08%
COST	Costco Wholesale Corp Consumer Defensive	Held	200	0	$187,094	−6.1%	21	before history	0.08%
CCJ	Cameco Corp Energy	Held	655	0	$66,718	−6.2%	6	$47.07	0.03%
SNOW	Snowflake Inc. Technology	Reduced	215	-62	$54,717	+31.0%	3	$244.09	0.02%
SOXL	Direxion Daily Semiconductor Bull 3X Shares	NEW	200	NEW	$53,342	NEW	1	unpriced	0.02%
IONQ	IonQ, Inc. Technology	Held	370	0	$19,706	+84.7%	3	$56.04	0.01%
NVDA	Nvidia Corp Technology	Reduced	86	-178	$17,207	−62.6%	19	$124.85	0.01%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	35	-20	$14,721	−28.0%	19	$333.32	0.01%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	NEW	32	NEW	$11,841	NEW	1	unpriced	0.00%
IAU	Ishares Gold Trust	NEW	150	NEW	$11,326	NEW	1	$84.89	0.00%
CRWD	CrowdStrike Holdings, Inc. Technology	NEW	10	NEW	$7,631	NEW	1	$568.28	0.00%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	14	-22	$6,685	−45.1%	2	$344.13	0.00%
IEFA	iShares Core MSCI EAFE ETF	NEW	64	NEW	$6,181	NEW	1	unpriced	0.00%
SPY	Spdr S&P 500 ETF Trust	NEW	8	NEW	$5,974	NEW	1	$725.01	0.00%
QQQ	Invesco Qqq Trust, Series 1	NEW	8	NEW	$5,891	NEW	1	$688.02	0.00%
DIS	Walt Disney Co Communication Services	Held	60	0	$5,775	−0.1%	5	$103.90	0.00%
PWR	Quanta Services, Inc. Industrials	NEW	8	NEW	$5,760	NEW	1	$683.53	0.00%
TD	Toronto Dominion Bank Financial Services	Held	40	0	$4,857	+30.1%	2	$95.11	0.00%
VRT	Vertiv Holdings Co Industrials	Reduced	12	-148	$4,017	−90.0%	2	$221.98	0.00%
IBIT	iShares Bitcoin Trust ETF	Held	80	0	$2,663	−13.3%	6	$52.94	0.00%
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	NEW	26	NEW	$1,957	NEW	1	$71.98	0.00%
GLXY	Galaxy Digital Inc. Financial Services	NEW	48	NEW	$1,312	NEW	1	$27.84	0.00%
GLDM	World Gold Trust	NEW	9	NEW	$714	NEW	1	$89.29	0.00%
ROKU	Roku, Inc Communication Services	Held	4	0	$552	+46.0%	9	$58.63	0.00%
SNDL	SNDL Inc. Consumer Defensive	Held	383	0	$517	+2.4%	14	$1.96	0.00%

Showing the top 50 of 52 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.