PORTLAND INVESTMENT COUNSEL INC.
13F Reported Value
ⓘ$311.6M
Holdings
55
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
PORTLAND INVESTMENT COUNSEL INC. disclosed 55 positions worth $311.6M in its Form 13F-HR for Q1 2026, led by $BRK.B (BERKSHIRE HATHAWAY INC) at 16.1% of the equity portfolio, followed by $VZ and $SOBO. During the quarter the fund opened 6 new positions and exited 4 — including a new stake in $BNS and a full exit from $MOS. The portfolio is most concentrated in Financials (34.6% of disclosed assets). All figures are sourced directly from PORTLAND INVESTMENT COUNSEL INC.’s Form 13F-HR filing with the SEC under CIK 1081668.
AI Fund Analysis
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Sector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
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- 64.5#634
Quality
$50.3M104,877 sh - 71.6#257
Quality
$43.4M865,000 sh - —
Quality
$32.3M970,061 sh - —
Quality
$29.2M589,480 sh - 66.8
Quality
$19.3M72,200 sh - —
Quality
$18.7M422,387 sh - —
Quality
$17.9M192,000 sh - 59.4
Quality
$17.0M58,100 sh - 70.8
Quality
$13.2M121,074 sh - 63.9
Quality
$11.9M62,654 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 BERKSHIRE HATHAWAY INC$BRK.B | 64.5#634 | $50.3M | 104,877 |
 VERIZON COMMUNICATIONS INC$VZ | 71.6#257 | $43.4M | 865,000 |
 South Bow Corp$SOBO | — | $32.3M | 970,061 |
 Oklo Inc.$OKLO | — | $29.2M | 589,480 |
 Cigna Group$CI | 66.8 | $19.3M | 72,200 |
 Brookfield Asset Management Ltd.$BAM | — | $18.7M | 422,387 |
 TORONTO DOMINION BANK$TD | — | $17.9M | 192,000 |
 Elevance Health, Inc.$ELV | 59.4 | $17.0M | 58,100 |
 Ares Management Corp$ARES | 70.8 | $13.2M | 121,074 |
 DANAHER CORP /DE/$DHR | 63.9 | $11.9M | 62,654 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of PORTLAND INVESTMENT COUNSEL INC.'s 55 positions.
Showing top 10 of 55 holdings.
Sector Allocation
Financials
$107.9M
Healthcare
$48.0M
Communication Services
$43.4M
Energy
$32.3M
Utilities
$30.2M
Technology
$26.5M
Industrials
$8.5M
Materials
$6.1M
Full Holdings — PORTLAND INVESTMENT COUNSEL INC. (Q1 2026)
All 55 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $BRK.B | BERKSHIRE HATHAWAY INC | $50.3M | 16.1% | +1% | 64.5 |
| 2 | $VZ | VERIZON COMMUNICATIONS INC | $43.4M | 13.9% | +0% | 71.6 |
| 3 | $SOBO | South Bow Corp | $32.3M | 10.4% | +29% | — |
| 4 | $OKLO | Oklo Inc. | $29.2M | 9.4% | -5% | — |
| 5 | $CI | Cigna Group | $19.3M | 6.2% | +0% | 66.8 |
| 6 | $BAM | Brookfield Asset Management Ltd. | $18.7M | 6.0% | +0% | — |
| 7 | $TD | TORONTO DOMINION BANK | $17.9M | 5.8% | +0% | — |
| 8 | $ELV | Elevance Health, Inc. | $17.0M | 5.5% | +0% | 59.4 |
| 9 | $ARES | Ares Management Corp | $13.2M | 4.2% | +26% | 70.8 |
| 10 | $DHR | DANAHER CORP /DE/ | $11.9M | 3.8% | +0% | 63.9 |
| 11 |  $BN | BROOKFIELD Corp /ON/ | $4.6M | 1.5% | +7% | — |
| 12 |  $CCL | Carnival Corp Ltd. | $3.6M | 1.2% | +0% | — |
| 13 |  $CCJ | CAMECO CORP | $3.5M | 1.1% | +8% | — |
| 14 |  $BNS | BANK OF NOVA SCOTIA | $2.6M | 0.8% | NEW | — |
| 15 |  $LEU | CENTRUS ENERGY CORP | $2.6M | 0.8% | +31% | 65.1 |
| 16 |  $TLX | Telix Pharmaceuticals Ltd | $2.5M | 0.8% | +0% | — |
| 17 |  $BE | Bloom Energy Corp | $2.4M | 0.8% | +0% | 54.4 |
| 18 |  $RDNT | RadNet, Inc. | $2.3M | 0.8% | +0% | 51.4 |
| 19 |  $BWXT | BWX Technologies, Inc. | $2.0M | 0.7% | +43% | 68 |
| 20 |  $NVDA | NVIDIA CORP | $2.0M | 0.6% | +9% | 90.2 |
| 21 |  $GOOG | Alphabet Inc. | $2.0M | 0.6% | -1% | 80.2 |
| 22 |  $GS | GOLDMAN SACHS GROUP INC | $1.9M | 0.6% | +1% | — |
| 23 |  $AAPL | Apple Inc. | $1.9M | 0.6% | +23% | 76.1 |
| 24 |  $META | Meta Platforms, Inc. | $1.9M | 0.6% | +9% | 80.9 |
| 25 |  $AMZN | AMAZON COM INC | $1.8M | 0.6% | +24% | 74.6 |
| 26 |  $JPM | JPMORGAN CHASE & CO | $1.7M | 0.5% | +92% | 35.6 |
| 27 | — | SPDR SER TR | $1.4M | 0.5% | -47% | — |
| 28 |  $LNTH | Lantheus Holdings, Inc. | $1.4M | 0.4% | +0% | 66.9 |
| 29 |  $LLY | ELI LILLY & Co | $1.3M | 0.4% | +25% | 89.3 |
| 30 |  $GEV | GE Vernova Inc. | $1.3M | 0.4% | +0% | 70.1 |
| 31 |  $MSFT | MICROSOFT CORP | $1.2M | 0.4% | +24% | 83.7 |
| 32 |  $SMR | NUSCALE POWER Corp | $1.1M | 0.4% | +50% | 26.6 |
| 33 | — | PERSPECTIVE THERAPEUTICS INC | $1.0M | 0.3% | +0% | — |
| 34 |  $CEG | Constellation Energy Corp | $949,450 | 0.3% | +0% | 62.5 |
| 35 |  $UPS | UNITED PARCEL SERVICE INC | $895,258 | 0.3% | +0% | 58.2 |
| 36 |  $ONC | BeOne Medicines Ltd. | $890,910 | 0.3% | +0% | — |
| 37 |  $MA | Mastercard Inc | $840,428 | 0.3% | +23% | 81.7 |
| 38 |  $HEI | HEICO CORP | $765,566 | 0.3% | +24% | 79.2 |
| 39 |  $OLMA | Olema Pharmaceuticals, Inc. | $745,500 | 0.2% | +0% | — |
| 40 |  $CRM | Salesforce, Inc. | $723,346 | 0.2% | +24% | 75.2 |
| 41 |  $COIN | Coinbase Global, Inc. | $681,852 | 0.2% | +24% | 68 |
| 42 |  $AMGN | AMGEN INC | $527,775 | 0.2% | +0% | 79.5 |
| 43 |  $REGN | REGENERON PHARMACEUTICALS, INC. | $505,307 | 0.2% | NEW | 75.1 |
| 44 |  $IOVA | IOVANCE BIOTHERAPEUTICS, INC. | $456,300 | 0.1% | +0% | 30.6 |
| 45 |  $ICLR | ICON PLC | $331,980 | 0.1% | +0% | — |
| 46 |  $PANW | Palo Alto Networks Inc | $287,935 | 0.1% | NEW | 66.5 |
| 47 |  $CRWD | CrowdStrike Holdings, Inc. | $279,534 | 0.1% | NEW | 55 |
| 48 |  $PLTR | Palantir Technologies Inc. | $277,201 | 0.1% | NEW | 85.8 |
| 49 |  $ZS | Zscaler, Inc. | $235,547 | 0.1% | NEW | 57.9 |
| 50 |  $NUVL | Nuvalent, Inc. | $204,900 | 0.1% | +0% | — |
| 51 |  $ARVN | ARVINAS, INC. | $148,400 | 0.1% | +0% | 13.9 |
| 52 |  $SDGR | Schrodinger, Inc. | $113,600 | 0.0% | +0% | 31 |
| 53 |  $PLUG | PLUG POWER INC | $113,000 | 0.0% | +0% | 18.8 |
| 54 |  $RLAY | Relay Therapeutics, Inc. | $99,500 | 0.0% | +0% | 12.7 |
| 55 |  $BCYC | BICYCLE THERAPEUTICS PLC | $69,600 | 0.0% | +0% | — |
New Positions (6)
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