Coleford Investment Management Ltd.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Coleford Investment Management Ltd. reported 20 stock positions worth $387.2 million. Its top holding was Microsoft (MSFT) at 9.4% of the portfolio, followed by Walmart (WMT, 8.8%) and Oracle (ORCL, 8.2%). Compared with Q1 2025, it added to 2 and reduced 17. The biggest buy was Toronto-Dominion Bank (TD, shares +4%) and the biggest sale Becton Dickinson and (BDX, shares −1%).

Most Recent 13F
Q2 2026
Location
TORONTO, ONTARIO, Z4
CIK
0001939136
Portfolio Value
$387.2M (Q2 2025)
SEC Filing
0001062993-25-013704 ↗ filed Aug 6, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q4 2024: $378.9M Q4 2024 Q1 2025: $356.4M Q1 2025 Q2 2025: $387.2M $387.2M Q2 2025 Q3 2025: $416.4M Q3 2025 Q4 2025: $411.0M Q4 2025 Q1 2026: $407.8M Q1 2026 Q2 2026: $458.5M Q2 2026

Holdings 20 stocks · $387.2M

MSFT Microsoft Corp. 9.41% 73,261 $36.4M Reduce -0.4%
WMT Walmart Inc. 8.78% 347,795 $34.0M Reduce -0.4%
ORCL Oracle Corp. 8.20% 145,229 $31.8M Reduce -0.7%
AXP American Express Co. 7.52% 91,227 $29.1M Reduce -0.6%
GOOGL Alphabet Inc. Class A 7.51% 164,915 $29.1M Reduce -0.6%
RY Royal Bank of Canada 6.93% 203,734 $26.8M Add +0.5%
V Visa Inc. Class A 6.69% 72,967 $25.9M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 5.20% 41,465 $20.1M Reduce -0.7%
TD Toronto-Dominion Bank 4.93% 259,366 $19.1M Add +4.3%
NVS Novartis AG-Sponsored ADR 4.34% 138,750 $16.8M Reduce -0.5%
AAPL Apple Inc. 4.14% 78,208 $16.0M Reduce -0.5%
CNI Canadian Natl Railway Co. 4.03% 149,706 $15.6M Reduce -0.9%
BDX Becton Dickinson and Co. 4.03% 90,512 $15.6M Reduce -0.6%
TRP TC Energy Corp. 3.50% 274,360 $13.6M Reduce -1.8%
CMCSA Comcast Corp. Class A 3.38% 366,222 $13.1M Reduce -1.1%
ACN Accenture PLC Class A 3.29% 42,660 $12.8M Reduce -0.6%
PEP Pepsico Inc. 3.18% 93,325 $12.3M Reduce -0.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 3.00% 210,391 $11.6M Reduce -0.3%
DEO Diageo PLC-Sponsored ADR 1.84% 70,778 $7.1M Reduce -0.7%
GOOG Alphabet Inc. Class C 0.10% 2,100 $373K No change

Portfolio Sells Q1 2025 → Q2 2025

BDX Becton Dickinson and Co. Reduce -0.6% 4.03% −1.83
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.7% 5.20% −1.03
PEP Pepsico Inc. Reduce -0.6% 3.18% −0.77
AAPL Apple Inc. Reduce -0.5% 4.14% −0.75
V Visa Inc. Class A Reduce -0.7% 6.69% −0.53
ACN Accenture PLC Class A Reduce -0.6% 3.29% −0.47
CMCSA Comcast Corp. Class A Reduce -1.1% 3.38% −0.46
DEO Diageo PLC-Sponsored ADR Reduce -0.7% 1.84% −0.28
TRP TC Energy Corp. Reduce -1.8% 3.50% −0.25
NVS Novartis AG-Sponsored ADR Reduce -0.5% 4.34% −0.18
CNI Canadian Natl Railway Co. Reduce -0.9% 4.03% −0.10
WMT Walmart Inc. Reduce -0.4% 8.78% +0.16
BNS Bank of Nova Scotia Reduce -0.3% 3.00% +0.19
GOOGL Alphabet Inc. Class A Reduce -0.6% 7.51% +0.31
AXP American Express Co. Reduce -0.6% 7.52% +0.59
MSFT Microsoft Corp. Reduce -0.4% 9.41% +1.66
ORCL Oracle Corp. Reduce -0.7% 8.20% +2.47

Portfolio Buys Q1 2025 → Q2 2025

TD Toronto-Dominion Bank Add +4.3% 4.93% +0.74
RY Royal Bank of Canada Add +0.5% 6.93% +0.52

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 23$458.5MRY, GOOGL, WMT, AXP, TD
Q1 2026 24$407.8MWMT, RY, GOOGL, AXP, MSFT
Q4 2025 22$411.0MGOOGL, WMT, MSFT, RY, AXP
Q3 2025 22$416.4MMSFT, WMT, GOOGL, AXP, RY
Q2 2025 20$387.2MMSFT, WMT, ORCL, AXP, GOOGL
Q1 2025 20$356.4MWMT, MSFT, V, GOOGL, AXP
Q4 2024 20$378.9MWMT, GOOGL, MSFT, AXP, ORCL