Portland Investment Counsel Inc.
Net buyer this quarter
$358M
56
+$25.2M
80.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 CI | $62.3M | 17.41% | 0.09% | +213.0% | Q4 2024 |
 BRK.B | $48.3M | 13.49% | Not reported | -8.0% | Q2 2015 |
 VZ | $37.9M | 10.58% | 0.02% | +3.4% | Q4 2022 |
 SOBO | $33.5M | 9.37% | 0.46% | -1.9% | Q4 2024 |
 OKLO | $30.8M | 8.62% | 0.32% | Not reported | Q2 2024 |
 TD | $22.7M | 6.34% | 0.01% | -2.8% | Q2 2014 |
 BAM | $18.9M | 5.28% | Not reported | Not reported | Q3 2014 |
 ARES | $13.5M | 3.77% | 0.04% | Not reported | Q1 2020 |
 DHR | $11.9M | 3.33% | 0.01% | Not reported | Q1 2019 |
 UBER | $8.7M | 2.43% | 0.01% | New | Q2 2026 |
| BN | $4.8M | 1.34% | Not reported | Not reported | Q4 2022 |
 CCL | $3.99M | 1.11% | 0.01% | Not reported | Q2 2013 |
 BE | $3.63M | 1.01% | 0.00% | -33.3% | Q1 2025 |
 CCJ | $3.31M | 0.93% | 0.01% | Not reported | Q2 2024 |
 BNS | $3.29M | 0.92% | 0.00% | Not reported | Q3 2014 |
 TLX | $3.07M | 0.86% | 0.08% | Not reported | Q3 2025 |
 RDNT | $2.59M | 0.72% | 0.05% | Not reported | Q2 2023 |
 LEU | $2.48M | 0.69% | 0.11% | Not reported | Q2 2024 |
 GOOGL | $2.43M | 0.68% | 0.00% | Not reported | Q1 2019 |
 NVDA | $2.26M | 0.63% | 0.00% | Not reported | Q4 2024 |
 AAPL | $2.18M | 0.61% | 0.00% | Not reported | Q1 2020 |
 AMZN | $2.1M | 0.59% | 0.00% | Not reported | Q1 2021 |
 GS | $2.1M | 0.59% | 0.00% | -8.8% | Q2 2014 |
 LNTH | $2M | 0.56% | 0.03% | Not reported | Q2 2024 |
 BWXT | $1.95M | 0.54% | 0.01% | Not reported | Q2 2024 |
 JPM | $1.88M | 0.53% | 0.00% | Not reported | Q2 2013 |
 META | $1.83M | 0.51% | Not reported | Not reported | Q1 2019 |
 GEV | $1.76M | 0.49% | 0.00% | Not reported | Q3 2025 |
 LLY | $1.75M | 0.49% | 0.00% | Not reported | Q4 2024 |
 MSFT | $1.22M | 0.34% | 0.00% | Not reported | Q1 2020 |
 XE | $1.1M | 0.31% | Not reported | New | Q2 2026 |
 SMR | $1.05M | 0.29% | 0.04% | Not reported | Q3 2023 |
 SYY | $1.01M | 0.28% | 0.00% | New | Q2 2026 |
 HEI | $994K | 0.28% | 0.01% | Not reported | Q3 2024 |
 UPS | $978K | 0.27% | 0.00% | Not reported | Q2 2025 |
 MA | $864K | 0.24% | 0.00% | Not reported | Q1 2021 |
 ONC | $855K | 0.24% | 0.00% | Not reported | Q2 2024 |
 CATX | $853K | 0.24% | 0.22% | Not reported | Q2 2023 |
 CEG | $844K | 0.24% | 0.00% | Not reported | Q2 2024 |
 SPCX | $694K | 0.19% | Not reported | New | Q2 2026 |
 OLMA | $626K | 0.17% | 0.06% | Not reported | Q3 2024 |
 PANW | $612K | 0.17% | 0.00% | Not reported | Q1 2026 |
 CRM | $607K | 0.17% | 0.00% | Not reported | Q3 2025 |
 COIN | $571K | 0.16% | 0.00% | Not reported | Q3 2025 |
 CRWD | $546K | 0.15% | 0.00% | Not reported | Q3 2024 |
 IOVA | $541K | 0.15% | 0.03% | Not reported | Q3 2023 |
 ICLR | $521K | 0.15% | 0.00% | Not reported | Q3 2024 |
 REGN | $408K | 0.11% | 0.00% | Not reported | Q4 2021 |
| NUVL | $247K | 0.07% | 0.06% | Not reported | Q3 2024 |
 ZS | $237K | 0.07% | 0.00% | Not reported | Q1 2026 |
| Q1 2026 | |||||
| BRK.B | $50.3M | 16.13% | Not reported | +0.8% | Q2 2015 |
| VZ | $43.4M | 13.93% | 0.02% | Not reported | Q4 2022 |
| SOBO | $32.3M | 10.36% | 0.47% | +29.2% | Q4 2024 |
| OKLO | $29.2M | 9.38% | 0.34% | -5.4% | Q2 2024 |
| CI | $19.3M | 6.18% | 0.03% | Not reported | Q4 2024 |
| BAM | $18.7M | 6.01% | Not reported | +0.3% | Q3 2014 |
| TD | $17.9M | 5.75% | 0.01% | Not reported | Q2 2014 |
 ELV | $17M | 5.46% | 0.03% | Not reported | Q4 2024 |
| ARES | $13.2M | 4.24% | 0.04% | +26.5% | Q1 2020 |
| DHR | $11.9M | 3.81% | 0.01% | Not reported | Q1 2019 |
| BN | $4.56M | 1.46% | Not reported | +6.6% | Q4 2022 |
| CCL | $3.61M | 1.16% | 0.01% | Not reported | Q2 2013 |
| CCJ | $3.53M | 1.13% | 0.01% | +8.3% | Q2 2024 |
| BNS | $2.62M | 0.84% | 0.00% | Not reported | Q3 2014 |
| LEU | $2.56M | 0.82% | 0.11% | +31.1% | Q2 2024 |
| TLX | $2.55M | 0.82% | 0.08% | Not reported | Q3 2025 |
| BE | $2.44M | 0.78% | 0.01% | Not reported | Q1 2025 |
| RDNT | $2.35M | 0.75% | 0.05% | Not reported | Q2 2023 |
| BWXT | $2.04M | 0.66% | 0.01% | +42.9% | Q2 2024 |
| NVDA | $1.97M | 0.63% | 0.00% | +9.4% | Q4 2024 |
| GOOGL | $1.95M | 0.63% | 0.00% | -0.7% | Q1 2019 |
| GS | $1.93M | 0.62% | 0.00% | +1.2% | Q2 2014 |
| AAPL | $1.91M | 0.61% | 0.00% | +22.8% | Q1 2020 |
| META | $1.86M | 0.60% | Not reported | +8.9% | Q1 2019 |
| AMZN | $1.84M | 0.59% | 0.00% | +24.0% | Q1 2021 |
| JPM | $1.69M | 0.54% | 0.00% | +91.7% | Q2 2013 |
| LNTH | $1.37M | 0.44% | 0.03% | Not reported | Q2 2024 |
| LLY | $1.34M | 0.43% | 0.00% | +24.9% | Q4 2024 |
| GEV | $1.31M | 0.42% | 0.00% | Not reported | Q3 2025 |
| MSFT | $1.21M | 0.39% | 0.00% | +24.4% | Q1 2020 |
| SMR | $1.14M | 0.37% | 0.04% | +50.0% | Q3 2023 |
| CATX | $1.04M | 0.33% | 0.22% | Not reported | Q2 2023 |
| CEG | $949K | 0.30% | 0.00% | Not reported | Q2 2024 |
| UPS | $895K | 0.29% | 0.00% | Not reported | Q2 2025 |
| ONC | $891K | 0.29% | 0.00% | Not reported | Q2 2024 |
| MA | $840K | 0.27% | 0.00% | +23.4% | Q1 2021 |
| HEI | $766K | 0.25% | 0.01% | +24.4% | Q3 2024 |
| OLMA | $746K | 0.24% | 0.06% | Not reported | Q3 2024 |
| CRM | $723K | 0.23% | 0.00% | +24.4% | Q3 2025 |
| COIN | $682K | 0.22% | 0.00% | +24.5% | Q3 2025 |
| REGN | $505K | 0.16% | 0.00% | Not reported | Q4 2021 |
| IOVA | $456K | 0.15% | 0.03% | Not reported | Q3 2023 |
| ICLR | $332K | 0.11% | 0.00% | Not reported | Q3 2024 |
| PANW | $288K | 0.09% | 0.00% | New | Q1 2026 |
| CRWD | $280K | 0.09% | 0.00% | Not reported | Q3 2024 |
 PLTR | $277K | 0.09% | 0.00% | New | Q1 2026 |
| ZS | $236K | 0.08% | 0.00% | New | Q1 2026 |
| NUVL | $205K | 0.07% | 0.06% | Not reported | Q3 2024 |
 ARVN | $148K | 0.05% | 0.02% | Not reported | Q1 2025 |
 SDGR | $114K | 0.04% | 0.02% | Not reported | Q2 2025 |
| Q4 2025 | |||||
| BRK.B | $52.4M | 15.78% | Not reported | +3.3% | Q2 2015 |
| OKLO | $44.6M | 13.44% | 0.39% | -18.7% | Q2 2024 |
| VZ | $35.2M | 10.61% | 0.02% | Not reported | Q4 2022 |
| BAM | $22.2M | 6.68% | Not reported | +1.7% | Q3 2014 |
| SOBO | $20.7M | 6.22% | 0.36% | Not reported | Q4 2024 |
| ELV | $20.4M | 6.13% | 0.03% | Not reported | Q4 2024 |
| CI | $19.9M | 5.98% | 0.03% | Not reported | Q4 2024 |
| TD | $18.1M | 5.45% | 0.01% | -31.8% | Q2 2014 |
| ARES | $15.6M | 4.70% | 0.03% | +5.6% | Q1 2020 |
| DHR | $14.4M | 4.35% | 0.01% | +4.9% | Q1 2019 |
 MOS | $13M | 3.93% | 0.17% | New | Q4 2025 |
| BN | $4.87M | 1.47% | Not reported | +17.1% | Q4 2022 |
| CCL | $4.27M | 1.29% | 0.01% | +26.1% | Q2 2013 |
| RDNT | $3M | 0.90% | 0.05% | Not reported | Q2 2023 |
| CCJ | $2.75M | 0.83% | 0.01% | +25.0% | Q2 2024 |
| LEU | $2.73M | 0.82% | 0.08% | Not reported | Q2 2024 |
| GOOGL | $2.15M | 0.65% | 0.00% | -17.3% | Q1 2019 |
| TLX | $2.06M | 0.62% | 0.08% | +108.0% | Q3 2025 |
| META | $1.99M | 0.60% | Not reported | +32.9% | Q1 2019 |
| GS | $1.99M | 0.60% | 0.00% | Not reported | Q2 2014 |
| NVDA | $1.94M | 0.58% | 0.00% | -15.8% | Q4 2024 |
| AAPL | $1.68M | 0.50% | 0.00% | Not reported | Q1 2020 |
| AMZN | $1.66M | 0.50% | 0.00% | Not reported | Q1 2021 |
| BE | $1.56M | 0.47% | 0.01% | Not reported | Q1 2025 |
| MSFT | $1.29M | 0.39% | 0.00% | Not reported | Q1 2020 |
| LLY | $1.26M | 0.38% | 0.00% | +34.9% | Q4 2024 |
| OLMA | $1.25M | 0.38% | 0.06% | Not reported | Q3 2024 |
| BWXT | $1.21M | 0.36% | 0.01% | Not reported | Q2 2024 |
| CEG | $1.2M | 0.36% | 0.00% | Not reported | Q2 2024 |
| LNTH | $1.2M | 0.36% | 0.03% | Not reported | Q2 2024 |
| SMR | $992K | 0.30% | 0.03% | +55.6% | Q3 2023 |
| GEV | $980K | 0.30% | 0.00% | +150.0% | Q3 2025 |
| JPM | $970K | 0.29% | 0.00% | Not reported | Q2 2013 |
 BTE | $912K | 0.27% | 0.04% | Not reported | Q2 2014 |
| ONC | $911K | 0.27% | 0.00% | Not reported | Q2 2024 |
| UPS | $903K | 0.27% | 0.00% | Not reported | Q2 2025 |
| CRM | $829K | 0.25% | 0.00% | +48.2% | Q3 2025 |
| MA | $787K | 0.24% | 0.00% | Not reported | Q1 2021 |
| HEI | $737K | 0.22% | 0.00% | Not reported | Q3 2024 |
| COIN | $727K | 0.22% | 0.00% | +105.6% | Q3 2025 |
| CATX | $688K | 0.21% | 0.34% | Not reported | Q2 2023 |
 LILAK | $619K | 0.19% | Not reported | Not reported | Q2 2016 |
| ICLR | $547K | 0.16% | 0.00% | Not reported | Q3 2024 |
| LILA | $526K | 0.16% | Not reported | Not reported | Q2 2016 |
| IOVA | $355K | 0.11% | 0.03% | Not reported | Q3 2023 |
| NUVL | $201K | 0.06% | 0.06% | Not reported | Q3 2024 |
| SDGR | $179K | 0.05% | 0.02% | Not reported | Q2 2025 |
| ARVN | $166K | 0.05% | 0.02% | Not reported | Q1 2025 |
 BCYC | $106K | 0.03% | 0.02% | Not reported | Q1 2025 |
 PLUG | $98.5K | 0.03% | 0.00% | Not reported | Q3 2023 |
| Q3 2025 | |||||
| OKLO | $85.6M | 23.42% | 0.49% | Not reported | Q2 2024 |
| BRK.B | $50.7M | 13.87% | Not reported | Not reported | Q2 2015 |
| BNS | $26.5M | 7.25% | 0.03% | Not reported | Q3 2014 |
| BAM | $23.5M | 6.44% | Not reported | Not reported | Q3 2014 |
| TD | $22.5M | 6.16% | 0.02% | -25.9% | Q2 2014 |
| SOBO | $21.3M | 5.82% | 0.36% | -24.4% | Q4 2024 |
 MGA | $20.9M | 5.73% | 0.16% | -52.5% | Q4 2018 |
| CI | $20.8M | 5.70% | 0.03% | Not reported | Q4 2024 |
| ELV | $18.8M | 5.14% | 0.03% | Not reported | Q4 2024 |
| ARES | $14.5M | 3.97% | 0.03% | Not reported | Q1 2020 |
| DHR | $11.8M | 3.24% | 0.01% | Not reported | Q1 2019 |
| BN | $4.13M | 1.13% | Not reported | Not reported | Q4 2022 |
| LEU | $3.49M | 0.95% | 0.08% | Not reported | Q2 2024 |
| RDNT | $3.2M | 0.88% | 0.05% | Not reported | Q2 2023 |
| CCL | $3.2M | 0.88% | 0.01% | Not reported | Q2 2013 |
| NVDA | $2.29M | 0.63% | 0.00% | Not reported | Q4 2024 |
| CCJ | $2.01M | 0.55% | 0.01% | Not reported | Q2 2024 |
| GOOGL | $2.01M | 0.55% | 0.00% | Not reported | Q1 2019 |
| GS | $1.79M | 0.49% | 0.00% | Not reported | Q2 2014 |
| META | $1.65M | 0.45% | Not reported | -10.0% | Q1 2019 |
| SMR | $1.62M | 0.44% | 0.02% | Not reported | Q3 2023 |
| AMZN | $1.56M | 0.43% | 0.00% | Not reported | Q1 2021 |
| AAPL | $1.56M | 0.43% | 0.00% | Not reported | Q1 2020 |
| BE | $1.52M | 0.42% | 0.01% | Not reported | Q1 2025 |
| MSFT | $1.37M | 0.37% | 0.00% | Not reported | Q1 2020 |
| BWXT | $1.29M | 0.35% | 0.01% | Not reported | Q2 2024 |
| TLX | $1.22M | 0.34% | 0.04% | New | Q3 2025 |
| CEG | $1.12M | 0.31% | 0.00% | Not reported | Q2 2024 |
| ONC | $1.02M | 0.28% | 0.00% | Not reported | Q2 2024 |
| JPM | $946K | 0.26% | 0.00% | Not reported | Q2 2013 |
| LNTH | $923K | 0.25% | 0.03% | +38.5% | Q2 2024 |
| CATX | $858K | 0.23% | 0.34% | Not reported | Q2 2023 |
| MA | $775K | 0.21% | 0.00% | Not reported | Q1 2021 |
| UPS | $760K | 0.21% | 0.00% | Not reported | Q2 2025 |
| HEI | $724K | 0.20% | 0.00% | Not reported | Q3 2024 |
| LILAK | $698K | 0.19% | Not reported | -46.2% | Q2 2016 |
| LLY | $660K | 0.18% | 0.00% | Not reported | Q4 2024 |
| BTE | $656K | 0.18% | 0.04% | Not reported | Q2 2014 |
| LILA | $589K | 0.16% | Not reported | Not reported | Q2 2016 |
| ICLR | $525K | 0.14% | 0.00% | Not reported | Q3 2024 |
| COIN | $515K | 0.14% | 0.00% | New | Q3 2025 |
| CRM | $498K | 0.14% | 0.00% | New | Q3 2025 |
| OLMA | $490K | 0.13% | 0.07% | Not reported | Q3 2024 |
| GEV | $369K | 0.10% | 0.00% | New | Q3 2025 |
| IOVA | $282K | 0.08% | 0.03% | Not reported | Q3 2023 |
| SDGR | $201K | 0.05% | 0.02% | Not reported | Q2 2025 |
| ARVN | $119K | 0.03% | 0.02% | Not reported | Q1 2025 |
| PLUG | $117K | 0.03% | 0.00% | Not reported | Q3 2023 |
| BCYC | $116K | 0.03% | 0.02% | Not reported | Q1 2025 |
 RLAY | $52.2K | 0.01% | 0.01% | Not reported | Q3 2024 |