Davis-Rea LTD.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Davis-Rea LTD. reported 58 stock positions worth $412.0 million. Its top holding was Alphabet Class A (GOOGL) at 7.2% of the portfolio, followed by Amazon.com (AMZN, 6.4%) and Meta Platforms Class A (META, 6.3%). Compared with Q2 2025, it opened 9 new positions, sold out of 4, added to 15 and reduced 28. The biggest buy was a new position in Canadian Natural Resources (CNQ) and the biggest sale Meta Platforms Class A (META, shares −34%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001482171
Portfolio Value
$412.0M (Q3 2025)
SEC Filing
0001193125-25-252871 ↗ filed Oct 28, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $219.6M Q1 2024 Q2 2024: $200.0M Q2 2024 Q3 2024: $229.8M Q3 2024 Q4 2024: $197.6M Q4 2024 Q1 2025: $375.5M Q1 2025 Q2 2025: $402.8M Q2 2025 Q3 2025: $412.0M $412.0M Q3 2025 Q4 2025: $399.5M Q4 2025 Q1 2026: $383.7M Q1 2026 Q2 2026: $350.7M Q2 2026

Holdings 58 stocks · $412.0M
GOOGL Alphabet Inc. Class A 7.23% 122,510 $29.8M Reduce -21.9%
AMZN Amazon.com Inc. 6.43% 120,630 $26.5M Reduce -0.1%
META Meta Platforms Inc. Class A 6.28% 35,217 $25.9M Reduce -34.2%
JPM JPMorgan Chase & Co. 5.98% 78,065 $24.6M Reduce -9.0%
MSFT Microsoft Corp. 4.95% 39,402 $20.4M Reduce -11.7%
TMO Thermo Fisher Scientific Inc. 4.54% 38,508 $18.7M Reduce -11.1%
SNPS Synopsys Inc. 4.30% 35,883 $17.7M Add +49.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.34% 266,630 $13.8M Add +1.0%
NET Cloudflare Inc. Class A 3.19% 61,273 $13.1M Add +19.4%
SYK Stryker Corp. 3.15% 35,067 $13.0M Reduce -0.9%
RY Royal Bank of Canada 3.09% 86,402 $12.7M Reduce -4.9%
PNC PNC Financial Services Group 2.55% 52,319 $10.5M Reduce -3.7%
CNQ Canadian Natural Resources 2.39% 304,380 $9.9M New
CHTR Charter Communications Inc. Class A 2.30% 34,488 $9.5M New
ACN Accenture PLC Class A 2.21% 36,955 $9.1M Add +36.4%
FTS Fortis Inc. 2.00% 162,564 $8.3M Reduce -0.3%
BN Brookfield Corp. 1.78% 106,720 $7.3M Reduce -6.3%
ISRG Intuitive Surgical Inc. 1.68% 15,474 $6.9M New
TD Toronto-Dominion Bank 1.68% 86,328 $6.9M Reduce -7.6%
ZTS Zoetis Inc. 1.62% 45,682 $6.7M Add +10.8%
MCD McDonald's Corp. 1.58% 21,458 $6.5M Reduce -0.6%
ENB Enbridge Inc. 1.48% 216,100 $6.1M Add +99.1%
V Visa Inc. Class A 1.44% 17,397 $5.9M Reduce -3.0%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 1.40% 89,109 $5.8M Reduce -4.2%
AAPL Apple Inc. 1.35% 21,774 $5.5M Reduce -64.8%
RTX RTX Corp. 1.33% 32,642 $5.5M Reduce -3.0%
LIN Linde PLC 1.18% 10,282 $4.9M Reduce -2.0%
ROP Roper Technologies Inc. 1.17% 9,655 $4.8M Add +8.1%
ABT Abbott Laboratories 1.17% 35,887 $4.8M Reduce -2.3%
JNJ Johnson & Johnson 1.12% 24,894 $4.6M Reduce -0.9%
CB Chubb Ltd. 1.12% 16,297 $4.6M Reduce -2.2%
PBA Pembina Pipeline Corp. 1.10% 112,172 $4.5M Add +0.9%
TLT iShares 20+ Year Treasury BD 1.08% 50,000 $4.5M New
XYL Xylem Inc. 1.08% 30,267 $4.5M Reduce -1.4%
HD Home Depot Inc. 1.08% 10,968 $4.4M Add +0.2%
SPGI S&P Global Inc. 1.05% 8,862 $4.3M Reduce -4.3%
OTIS Otis Worldwide Corp. 0.98% 44,253 $4.0M Add +3.0%
MDLZ Mondelez International Inc. Class A 0.96% 63,036 $4.0M Add +0.1%
BEP Brookfield Renewable Partner 0.94% 150,496 $3.9M Reduce -1.9%
CNI Canadian Natl Railway Co. 0.94% 41,070 $3.9M Add +7.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.89% 32,029 $3.7M Add +0.5%
GIB Cgi Inc. 0.79% 36,421 $3.2M Add +6.7%
UL Unilever PLC 0.78% 54,271 $3.2M Reduce -2.0%
DHR Danaher Corp. 0.65% 13,575 $2.7M Reduce -10.2%
SHY iShares 1-3 Year Treasury Bo 0.54% 26,830 $2.2M Reduce -18.8%
BIP Brookfield Infrastructure Pa 0.52% 64,701 $2.1M Reduce -8.1%
ROK Rockwell Automation Inc. 0.47% 5,586 $2.0M No change
CTAS Cintas Corp. 0.40% 8,000 $1.6M No change
GOOG Alphabet Inc. Class C 0.13% 2,234 $551K Add +13.2%
BRK.B Berkshire Hathaway Inc. Class B 0.13% 1,067 $536K No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.13% 4,003 $522K No change
NEM Newmont Corp. 0.07% 3,669 $308K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 372 $249K No change
BX Blackstone Inc. 0.06% 1,350 $231K New
CAT Caterpillar Inc. 0.05% 460 $219K New
EMA Emera Inc. 0.05% 4,277 $205K New
AQN Algonquin Power & Utilities 0.02% 12,264 $67K New
BTE Baytex Energy Corp. 0.01% 19,780 $47K New

Portfolio Sells Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Reduce -34.2% 6.28% −3.53
AAPL Apple Inc. Reduce -64.8% 1.35% −1.81
ANSS Ansys Inc. Sold out 0.00% −1.77
UNH Unitedhealth Group Inc. Sold out 0.00% −1.56
MSFT Microsoft Corp. Reduce -11.7% 4.95% −0.56
CRH CRH PLC Sold out 0.00% −0.46
SYK Stryker Corp. Reduce -0.9% 3.15% −0.33
JPM JPMorgan Chase & Co. Reduce -9.0% 5.98% −0.20
SPGI S&P Global Inc. Reduce -4.3% 1.05% −0.16
AMZN Amazon.com Inc. Reduce -0.1% 6.43% −0.15
V Visa Inc. Class A Reduce -3.0% 1.44% −0.14
SHY iShares 1-3 Year Treasury Bo Reduce -18.8% 0.54% −0.14
DHR Danaher Corp. Reduce -10.2% 0.65% −0.09
AVTR Avantor Inc. Sold out 0.00% −0.08
CB Chubb Ltd. Reduce -2.2% 1.12% −0.08
ABT Abbott Laboratories Reduce -2.3% 1.17% −0.07
BIP Brookfield Infrastructure Pa Reduce -8.1% 0.52% −0.07
UL Unilever PLC Reduce -2.0% 0.78% −0.06
LIN Linde PLC Reduce -2.0% 1.18% −0.04
BEP Brookfield Renewable Partner Reduce -1.9% 0.94% −0.03
TD Toronto-Dominion Bank Reduce -7.6% 1.68% −0.03
MCD McDonald's Corp. Reduce -0.6% 1.58% +0.02
BN Brookfield Corp. Reduce -6.3% 1.78% +0.04
PNC PNC Financial Services Group Reduce -3.7% 2.55% +0.04
FTS Fortis Inc. Reduce -0.3% 2.00% +0.08
XYL Xylem Inc. Reduce -1.4% 1.08% +0.10
RTX RTX Corp. Reduce -3.0% 1.33% +0.11
BNS Bank of Nova Scotia Reduce -4.2% 1.40% +0.13
RY Royal Bank of Canada Reduce -4.9% 3.09% +0.13
JNJ Johnson & Johnson Reduce -0.9% 1.12% +0.17
TMO Thermo Fisher Scientific Inc. Reduce -11.1% 4.54% +0.17
GOOGL Alphabet Inc. Class A Reduce -21.9% 7.23% +0.37

Portfolio Buys Q2 2025 → Q3 2025
CNQ Canadian Natural Resources New 2.39% +2.39
CHTR Charter Communications Inc. Class A New 2.30% +2.30
ISRG Intuitive Surgical Inc. New 1.68% +1.68
SNPS Synopsys Inc. Add +49.9% 4.30% +1.25
TLT iShares 20+ Year Treasury BD New 1.08% +1.08
NET Cloudflare Inc. Class A Add +19.4% 3.19% +0.70
ENB Enbridge Inc. Add +99.1% 1.48% +0.26
BAC Bank of America Corp. Add +1.0% 3.34% +0.24
ACN Accenture PLC Class A Add +36.4% 2.21% +0.20
HD Home Depot Inc. Add +0.2% 1.08% +0.08
PBA Pembina Pipeline Corp. Add +0.9% 1.10% +0.07
BX Blackstone Inc. New 0.06% +0.06
CAT Caterpillar Inc. New 0.05% +0.05
EMA Emera Inc. New 0.05% +0.05
GOOG Alphabet Inc. Class C Add +13.2% 0.13% +0.05
ZTS Zoetis Inc. Add +10.8% 1.62% +0.03
AQN Algonquin Power & Utilities New 0.02% +0.02
BTE Baytex Energy Corp. New 0.01% +0.01
CNI Canadian Natl Railway Co. Add +7.5% 0.94% −0.04
OTIS Otis Worldwide Corp. Add +3.0% 0.98% −0.07
ROP Roper Technologies Inc. Add +8.1% 1.17% −0.09
DIS The Walt Disney Co. Add +0.5% 0.89% −0.09
MDLZ Mondelez International Inc. Class A Add +0.1% 0.96% −0.10
GIB Cgi Inc. Add +6.7% 0.79% −0.10

Options Activity Q2 2025 → Q3 2025
SYK Stryker Corp. put Sold out 267 $159Kbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 600 $34Kbefore exit
BAC Bank of America Corp. put Sold out 2,242 $31Kbefore exit
JNJ Johnson & Johnson put Sold out 400 $16Kbefore exit
META Meta Platforms Inc. Class A put Sold out 200 $11Kbefore exit
MSFT Microsoft Corp. put Sold out 213 $6Kbefore exit
NET Cloudflare Inc. Class A put Sold out 45 $630before exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 45$350.7MGOOGL, JPM, MSFT, META, AMZN
Q1 2026 54$383.7MJPM, GOOGL, MSFT, META, AMZN
Q4 2025 55$399.5MGOOGL, JPM, META, AMZN, MSFT
Q3 2025 58$412.0MGOOGL, AMZN, META, JPM, MSFT
Q2 2025 53$402.8MMETA, GOOGL, AMZN, JPM, MSFT
Q1 2025 51$375.5MMETA, GOOGL, MSFT, AMZN, JPM
Q4 2024 31$197.6MMETA, AMZN, TMO, SNPS, UNH
Q3 2024 38$229.8MAMZN, META, SNPS, GOOGL, NFLX
Q2 2024 34$200.0MAMZN, META, GOOGL, MCD, MSFT
Q1 2024 35$219.6MAMZN, GOOGL, META, ACN, MSFT