In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Davis-Rea LTD. reported 53 stock positions worth $402.8 million . Its top holding was Meta Platforms Class A (META) at 9.8% of the portfolio, followed by Alphabet Class A (GOOGL, 6.9% ) and Amazon.com (AMZN, 6.6% ). Compared with Q1 2025, it opened 5 new positions, sold out of 3, added to 15 and reduced 29. The biggest buy was Apple (AAPL, shares +178% ) and the biggest sale an exit from Nvidia (NVDA).
Location TORONTO, A6
CIK 0001482171
Portfolio Value $402.8M (Q2 2025) Holdings 53 stocks · $402.8M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 META Meta Platforms Inc. Class A 53,492 $39.5M Reduce -24.7% GOOGL Alphabet Inc. Class A 156,780 $27.6M Reduce -2.9% AMZN Amazon.com Inc. 120,775 $26.5M Add +4.0% JPM JPMorgan Chase & Co. 85,790 $24.9M Reduce -0.7% MSFT Microsoft Corp. 44,632 $22.2M Reduce -24.6% TMO Thermo Fisher Scientific Inc. 43,294 $17.6M Add +14.8% SYK Stryker Corp. 35,401 $14.0M Reduce -0.6% AAPL Apple Inc. 61,947 $12.7M Add +178.0% BAC Bank of America Corp. filed as BANK AMERICA CORP 264,079 $12.5M Reduce -0.0% SNPS Synopsys Inc. 23,943 $12.3M Add +0.3% RY Royal Bank of Canada 90,843 $11.9M Reduce -1.7% PNC PNC Financial Services Group 54,319 $10.1M Add +0.3% NET Cloudflare Inc. Class A 51,326 $10.1M No change ACN Accenture PLC Class A 27,099 $8.1M Reduce -1.9% FTS Fortis Inc. 163,098 $7.8M Reduce -1.8% ANSS Ansys Inc. 20,335 $7.1M Add +1.7% BN Brookfield Corp. 113,840 $7.0M Reduce -1.1% TD Toronto-Dominion Bank 93,473 $6.9M Reduce -5.8% ZTS Zoetis Inc. 41,239 $6.4M Add +96.7% V Visa Inc. Class A 17,944 $6.4M Reduce -2.5% MCD McDonald's Corp. 21,596 $6.3M Reduce -2.4% UNH Unitedhealth Group Inc. 20,188 $6.3M Reduce -14.3% BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 92,963 $5.1M Reduce -2.6% ROP Roper Technologies Inc. 8,930 $5.1M Add +0.3% ABT Abbott Laboratories 36,744 $5.0M Reduce -4.3% RTX RTX Corp. 33,667 $4.9M Reduce -2.7% LIN Linde PLC 10,493 $4.9M Reduce -0.7% ENB Enbridge Inc. 108,529 $4.9M Reduce -0.4% SPGI S&P Global Inc. 9,256 $4.9M Reduce -0.5% CB Chubb Ltd. 16,665 $4.8M Reduce -1.6% MDLZ Mondelez International Inc. Class A 62,971 $4.3M Reduce -0.5% OTIS Otis Worldwide Corp. 42,975 $4.3M Reduce -0.1% PBA Pembina Pipeline Corp. 111,190 $4.2M Add +0.4% HD Home Depot Inc. 10,948 $4.0M Add +1.7% XYL Xylem Inc. 30,697 $4.0M Add +0.9% DIS The Walt Disney Co. filed as DISNEY WALT CO 31,863 $4.0M Add +3.4% CNI Canadian Natl Railway Co. 38,212 $4.0M Add +6.7% BEP Brookfield Renewable Partner 153,394 $3.9M Reduce -0.3% JNJ Johnson & Johnson 25,114 $3.8M Reduce -0.6% GIB Cgi Inc. 34,141 $3.6M Add +5.6% UL Unilever PLC 55,409 $3.4M Reduce -0.3% DHR Danaher Corp. 15,108 $3.0M Reduce -0.7% SHY iShares 1-3 Year Treasury Bo 33,030 $2.7M New BIP Brookfield Infrastructure Pa 70,419 $2.4M Reduce -2.9% ROK Rockwell Automation Inc. 5,586 $1.9M Add +8.5% CRH CRH PLC 20,000 $1.8M New CTAS Cintas Corp. 8,000 $1.8M No change BRK.B Berkshire Hathaway Inc. Class B 1,067 $518K Reduce -8.6% BMO Bank of Montreal filed as BANK MONTREAL QUE 4,003 $443K No change GOOG Alphabet Inc. Class C 1,973 $350K No change AVTR Avantor Inc. 25,000 $337K New SPY SS SPDR S&P 500 ETF Trust-US 372 $230K New NEM Newmont Corp. 3,669 $214K New
Options reported separately and not counted above: SYK puts ($159K), SPY puts ($34K), BAC puts ($31K), JNJ puts ($16K), META puts ($11K), MSFT puts ($6K), NET puts ($630).
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ NVDA Nvidia Corp. Sold out 0.00% −1.73 UNH Unitedhealth Group Inc. Reduce -14.3% 1.56% −1.72 META Meta Platforms Inc. Class A Reduce -24.7% 9.80% −1.10 MSFT Microsoft Corp. Reduce -24.6% 5.51% −0.40 ACN Accenture PLC Class A Reduce -1.9% 2.01% −0.28 MCD McDonald's Corp. Reduce -2.4% 1.57% −0.27 JNJ Johnson & Johnson Reduce -0.6% 0.95% −0.16 CB Chubb Ltd. Reduce -1.6% 1.20% −0.16 V Visa Inc. Class A Reduce -2.5% 1.58% −0.14 OTIS Otis Worldwide Corp. Reduce -0.1% 1.06% −0.13 ABT Abbott Laboratories Reduce -4.3% 1.24% −0.12 DHR Danaher Corp. Reduce -0.7% 0.74% −0.09 MDLZ Mondelez International Inc. Class A Reduce -0.5% 1.06% −0.08 LIN Linde PLC Reduce -0.7% 1.22% −0.07 ENB Enbridge Inc. Reduce -0.4% 1.22% −0.07 FTS Fortis Inc. Reduce -1.8% 1.93% −0.07 SYK Stryker Corp. Reduce -0.6% 3.48% −0.05 SPGI S&P Global Inc. Reduce -0.5% 1.21% −0.05 UL Unilever PLC Reduce -0.3% 0.84% −0.04 BRK.B Berkshire Hathaway Inc. Class B Reduce -8.6% 0.13% −0.04 AQN Algonquin Power & Utilities Sold out 0.00% −0.02 BTE Baytex Energy Corp. Sold out 0.00% −0.01 RTX RTX Corp. Reduce -2.7% 1.22% +0.00 BIP Brookfield Infrastructure Pa Reduce -2.9% 0.59% +0.01 BEP Brookfield Renewable Partner Reduce -0.3% 0.97% +0.06 BNS Bank of Nova Scotia Reduce -2.6% 1.27% +0.07 TD Toronto-Dominion Bank Reduce -5.8% 1.70% +0.12 BN Brookfield Corp. Reduce -1.1% 1.74% +0.14 BAC Bank of America Corp. Reduce -0.0% 3.10% +0.17 RY Royal Bank of Canada Reduce -1.7% 2.96% +0.19 GOOGL Alphabet Inc. Class A Reduce -2.9% 6.86% +0.21 JPM JPMorgan Chase & Co. Reduce -0.7% 6.18% +0.53
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ AAPL Apple Inc. Add +178.0% 3.16% +1.84 AMZN Amazon.com Inc. Add +4.0% 6.58% +0.70 SHY iShares 1-3 Year Treasury Bo New 0.68% +0.68 ZTS Zoetis Inc. Add +96.7% 1.60% +0.68 CRH CRH PLC New 0.46% +0.46 SNPS Synopsys Inc. Add +0.3% 3.05% +0.32 DIS The Walt Disney Co. Add +3.4% 0.98% +0.18 ROK Rockwell Automation Inc. Add +8.5% 0.46% +0.11 ANSS Ansys Inc. Add +1.7% 1.77% +0.09 AVTR Avantor Inc. New 0.08% +0.08 SPY SS SPDR S&P 500 ETF Trust-US New 0.06% +0.06 CNI Canadian Natl Railway Co. Add +6.7% 0.98% +0.06 NEM Newmont Corp. New 0.05% +0.05 GIB Cgi Inc. Add +5.6% 0.89% +0.03 XYL Xylem Inc. Add +0.9% 0.99% +0.02 PNC PNC Financial Services Group Add +0.3% 2.51% −0.02 HD Home Depot Inc. Add +1.7% 1.00% −0.05 ROP Roper Technologies Inc. Add +0.3% 1.26% −0.14 PBA Pembina Pipeline Corp. Add +0.4% 1.03% −0.15 TMO Thermo Fisher Scientific Inc. Add +14.8% 4.36% −0.64
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ SYK Stryker Corp. put New 267 $159K SPY SS SPDR S&P 500 ETF Trust-US put New 600 $34K BAC Bank of America Corp. put New 2,242 $31K JNJ Johnson & Johnson put New 400 $16K META Meta Platforms Inc. Class A put New 200 $11K MSFT Microsoft Corp. put New 213 $6K NET Cloudflare Inc. Class A put New 45 $630
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 45 $350.7M GOOGL, JPM, MSFT, META, AMZN Q1 2026 54 $383.7M JPM, GOOGL, MSFT, META, AMZN Q4 2025 55 $399.5M GOOGL, JPM, META, AMZN, MSFT Q3 2025 58 $412.0M GOOGL, AMZN, META, JPM, MSFT Q2 2025 53 $402.8M META, GOOGL, AMZN, JPM, MSFT Q1 2025 51 $375.5M META, GOOGL, MSFT, AMZN, JPM Q4 2024 31 $197.6M META, AMZN, TMO, SNPS, UNH Q3 2024 38 $229.8M AMZN, META, SNPS, GOOGL, NFLX Q2 2024 34 $200.0M AMZN, META, GOOGL, MCD, MSFT Q1 2024 35 $219.6M AMZN, GOOGL, META, ACN, MSFT