Dixon Mitchell Investment Counsel Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 15, 2025), Dixon Mitchell Investment Counsel Inc. reported 115 stock positions worth $2.2 billion. Its top holding was Alphabet Class A (GOOGL) at 6.9% of the portfolio, followed by Visa Class A (V, 5.8%) and Intercontinental Exchange (ICE, 5.0%). Compared with Q3 2024, it opened 26 new positions, sold out of 3, added to 30 and reduced 26. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Booking (BKNG, shares −99%).

Most Recent 13F
Q2 2026
Location
VANCOUVER, A1
CIK
0001993485
Portfolio Value
$2.2B (Q4 2024)
SEC Filing
0001993485-25-000001 ↗ filed Jan 15, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.0B Q1 2024 Q2 2024: $2.0B Q2 2024 Q3 2024: $2.2B Q3 2024 Q4 2024: $2.2B $2.2B Q4 2024 Q1 2025: $2.2B Q1 2025 Q2 2025: $2.6B Q2 2025 Q3 2025: $2.8B Q3 2025 Q4 2025: $3.0B Q4 2025 Q1 2026: $2.9B Q1 2026 Q2 2026: $3.1B Q2 2026

Holdings 115 stocks · $2.2B
GOOGL Alphabet Inc. Class A 6.85% 783,545 $148.3M Add +0.2%
V Visa Inc. Class A 5.78% 395,909 $125.1M Reduce -1.8%
ICE Intercontinental Exchange Inc. 5.01% 728,133 $108.5M Add +9.2%
BRK.B Berkshire Hathaway Inc. Class B 4.76% 227,434 $103.1M Reduce -1.3%
RY Royal Bank of Canada 4.59% 824,183 $99.4M Add +0.8%
BN Brookfield Corp. 4.30% 1,617,414 $93.0M Reduce -8.0%
MSFT Microsoft Corp. 3.96% 203,047 $85.6M Add +2.0%
TD Toronto-Dominion Bank 3.61% 1,469,207 $78.2M Add +1.1%
TFII Tfi International Inc. 3.36% 538,701 $72.8M Reduce -0.2%
AME Ametek Inc. 3.20% 383,607 $69.1M Reduce -1.7%
CNQ Canadian Natural Resources 2.88% 1,996,562 $62.4M Add +3.9%
LOW Lowe's Cos Inc. 2.84% 249,428 $61.6M Reduce -1.4%
MEOH Methanex Corp. 2.73% 1,180,935 $59.0M Reduce -0.1%
AMZN Amazon.com Inc. 2.66% 262,586 $57.6M Reduce -13.0%
TMO Thermo Fisher Scientific Inc. 2.66% 110,555 $57.6M Add +39.5%
ROP Roper Technologies Inc. 2.55% 106,295 $55.3M Add +23.2%
IEFA iShares Core MSCI Eafe ETF 2.53% 779,239 $54.8M Add +8.2%
DPZ Domino's Pizza Inc. 2.48% 127,622 $53.6M Add +4.0%
BIP Brookfield Infrastructure Pa 2.33% 1,588,137 $50.4M Add +0.0%
CNI Canadian Natl Railway Co. 2.30% 490,939 $49.9M Add +2.3%
TXN Texas Instruments Inc. 2.14% 246,459 $46.2M Reduce -1.6%
AAPL Apple Inc. 2.07% 179,231 $44.9M Reduce -20.6%
WPM Wheaton Precious Metals Corp. 2.06% 790,380 $44.5M Reduce -0.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 1.84% 740,975 $39.8M Reduce -0.3%
DHR Danaher Corp. 1.56% 146,781 $33.7M Add +11.7%
TRI Thomson Reuters Corp. 1.52% 205,336 $33.0M Add +0.8%
MIDD Middleby Corp. 1.39% 221,956 $30.1M Reduce -1.4%
FTNT Fortinet Inc. 1.31% 299,989 $28.3M Add +129.9%
ORCL Oracle Corp. 1.30% 169,068 $28.2M Reduce -0.8%
JPM JPMorgan Chase & Co. 1.16% 104,530 $25.1M Reduce -27.9%
CMCSA Comcast Corp. Class A 1.08% 625,285 $23.5M Reduce -13.4%
CSL Carlisle Cos Inc. 1.02% 60,109 $22.2M Reduce -15.4%
SHOP Shopify Inc. Class A 1.00% 203,279 $21.6M Add +0.4%
NFLX Netflix Inc. 0.94% 22,750 $20.3M Reduce -45.5%
HCA HCA Healthcare Inc. 0.92% 66,557 $20.0M Add +29.5%
BLD Topbuild Corp. 0.90% 62,601 $19.5M Add +63.8%
MA Mastercard Inc. Class A 0.89% 36,555 $19.2M Reduce -1.8%
CP Canadian Pacific Kansas City 0.88% 263,557 $19.1M Add +1.2%
MFC Manulife Financial Corp. 0.79% 559,985 $17.2M Add +1.8%
ZTS Zoetis Inc. 0.64% 85,626 $14.0M Reduce -1.3%
WCN Waste Connections Inc. 0.56% 70,633 $12.1M Add +2.3%
CIGI Colliers Intl GR-Subord Vot 0.54% 86,011 $11.7M No change
ATS Ats Corp. 0.47% 336,525 $10.3M No change
NTR Nutrien Ltd. 0.39% 189,725 $8.5M Add +2.2%
TFPM Triple Flag Precious Met 0.39% 563,989 $8.5M No change
SPGI S&P Global Inc. 0.37% 16,081 $8.0M Reduce -0.8%
RCI Rogers Communications Inc. Class B 0.22% 154,928 $4.8M Add +1.9%
GOOG Alphabet Inc. Class C 0.05% 5,457 $1.0M Reduce -32.5%
QQQ Invesco QQQ Trust Series 1 0.03% 1,061 $542K No change
ARKK ARK Innovation ETF 0.02% 6,448 $366K No change
BKNG Booking Holdings Inc. 0.01% 60 $298K Reduce -98.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.01% 415 $244K No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.01% 2,444 $237K Add +1.2%
AGG iShares Core U.S. Aggregate 0.01% 1,884 $183K No change
SU Suncor Energy Inc. 0.01% 4,875 $174K Reduce -39.6%
SGOV iShares 0-3 Month Treasury B 0.01% 1,472 $148K No change
OEF iShares S&P 100 ETF 0.01% 450 $130K No change
IJH iShares Core S&P Midcap ETF 0.01% 1,750 $109K No change
KO The Coca-Cola Co. 0.00% 1,521 $95K No change
TRP TC Energy Corp. 0.00% 1,921 $91K Add +21.4%
AEM Agnico Eagle Mines Ltd. 0.00% 1,143 $89K New
INDA iShares MSCI India ETF 0.00% 1,100 $58K No change
COST Costco Wholesale Corp. 0.00% 63 $58K New
BSV Vanguard Short-Term Bond ETF 0.00% 707 $55K No change
DHI D.R. Horton Inc. 0.00% 388 $54K Add +58.4%
CVS CVS Health Corp. 0.00% 1,168 $52K Add +38.7%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 235 $47K No change
VYM Vanguard High DVD Yield ETF 0.00% 360 $46K No change
SLF Sun Life Financial Inc. 0.00% 750 $45K New
ENB Enbridge Inc. 0.00% 967 $41K Add +149.9%
LSPD Lightspeed Commerce Inc. 0.00% 2,500 $38K No change
VEU Vanguard Ftse All-World Ex-U 0.00% 600 $34K No change
VCR Vanguard Consumer Discre ETF 0.00% 85 $32K No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 425 $31K No change
GIL Gildan Activewear Inc. 0.00% 540 $25K No change
VHT Vanguard Health Care ETF 0.00% 100 $25K No change
FTS Fortis Inc. 0.00% 598 $25K Add +17.0%
FTV Fortive Corp. 0.00% 326 $24K No change
VFH Vanguard Financials ETF 0.00% 200 $24K No change
VRN Veren Inc. 0.00% 4,509 $23K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 500 $22K New
NVDA Nvidia Corp. 0.00% 146 $20K New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.00% 50 $17K No change
C Citigroup Inc. 0.00% 186 $13K New
PH Parker Hannifin Corp. 0.00% 19 $12K New
BEP Brookfield Renewable Partner 0.00% 525 $12K No change
WFG West Fraser Timber Co. Ltd. 0.00% 132 $11K Reduce -86.8%
MS Morgan Stanley 0.00% 86 $11K New
VBK Van Morst SML-Cap Gro-Usd Inc. 0.00% 35 $10K No change
GS Goldman Sachs Group Inc. 0.00% 17 $10K New
SOBO South Bow Corp. 0.00% 379 $9K Add +19.7%
PANW Palo Alto Networks Inc. 0.00% 48 $9K New
BTE Baytex Energy Corp. 0.00% 3,031 $8K Reduce -90.5%
UNH Unitedhealth Group Inc. 0.00% 15 $8K New
FCX Freeport-McMoran Inc. 0.00% 197 $8K New
GILD Gilead Sciences Inc. 0.00% 76 $7K New
LLY Eli Lilly & Co. 0.00% 9 $7K New
WMT Walmart Inc. 0.00% 75 $7K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 56 $7K New
BAM Brookfield Asset Mgmt-A 0.00% 120 $7K New
BLK BlackRock Inc. 0.00% 6 $6K New
STN Stantec Inc. 0.00% 77 $6K New
QSR Restaurant Brands Intern 0.00% 84 $6K New
JNJ Johnson & Johnson 0.00% 35 $5K New
LIN Linde PLC 0.00% 12 $5K New
AMD Advanced Micro Devices 0.00% 41 $5K New
POET Poet Technologies Inc. 0.00% 720 $4K No change
OTEX Open Text Corp. 0.00% 145 $4K No change
ARKG ARK Genomic Revolution ETF 0.00% 170 $4K No change
BTC Grayscale Bitcoin Mini ETF 0.00% 85 $4K No change
VLTO Veralto Corp. 0.00% 31 $3K New
VOO Vanguard S&P 500 ETF 0.00% 3 $2K New
MOGO INC 0.00% 713 $927 No change
TECK Teck Resources Ltd.-CLS B 0.00% 5 $203 New
GEHC GE Healthcare Technology 0.00% 2 $156 No change

Portfolio Sells Q3 2024 → Q4 2024
BKNG Booking Holdings Inc. Reduce -98.5% 0.01% −0.75
CSL Carlisle Cos Inc. Reduce -15.4% 1.02% −0.43
NFLX Netflix Inc. Reduce -45.5% 0.94% −0.41
AAPL Apple Inc. Reduce -20.6% 2.07% −0.32
CMCSA Comcast Corp. Class A Reduce -13.4% 1.08% −0.29
LOW Lowe's Cos Inc. Reduce -1.4% 2.84% −0.27
JPM JPMorgan Chase & Co. Reduce -27.9% 1.16% −0.23
TXN Texas Instruments Inc. Reduce -1.6% 2.14% −0.22
WPM Wheaton Precious Metals Corp. Reduce -0.1% 2.06% −0.14
ZTS Zoetis Inc. Reduce -1.3% 0.64% −0.13
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.3% 4.76% −0.06
MIDD Middleby Corp. Reduce -1.4% 1.39% −0.04
ORCL Oracle Corp. Reduce -0.8% 1.30% −0.02
GOOG Alphabet Inc. Class C Reduce -32.5% 0.05% −0.01
TFII Tfi International Inc. Reduce -0.2% 3.36% −0.01
SPGI S&P Global Inc. Reduce -0.8% 0.37% −0.01
SU Suncor Energy Inc. Reduce -39.6% 0.01% −0.01
BNS Bank of Nova Scotia Reduce -0.3% 1.84% −0.01
BTE Baytex Energy Corp. Reduce -90.5% 0.00% −0.00
WFG West Fraser Timber Co. Ltd. Reduce -86.8% 0.00% −0.00
BCE Bce Inc. Sold out 0.00% −0.00
CCJ Cameco Corp. Sold out 0.00% −0.00
NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −0.00
BN Brookfield Corp. Reduce -8.0% 4.30% +0.05
MA Mastercard Inc. Class A Reduce -1.8% 0.89% +0.05
AMZN Amazon.com Inc. Reduce -13.0% 2.66% +0.10
AME Ametek Inc. Reduce -1.7% 3.20% +0.14
MEOH Methanex Corp. Reduce -0.1% 2.73% +0.50
V Visa Inc. Class A Reduce -1.8% 5.78% +0.74

Portfolio Buys Q3 2024 → Q4 2024
GOOGL Alphabet Inc. Class A Add +0.2% 6.85% +0.95
FTNT Fortinet Inc. Add +129.9% 1.31% +0.85
TMO Thermo Fisher Scientific Inc. Add +39.5% 2.66% +0.43
ROP Roper Technologies Inc. Add +23.2% 2.55% +0.37
SHOP Shopify Inc. Class A Add +0.4% 1.00% +0.26
BLD Topbuild Corp. Add +63.8% 0.90% +0.19
ICE Intercontinental Exchange Inc. Add +9.2% 5.01% +0.13
DPZ Domino's Pizza Inc. Add +4.0% 2.48% +0.07
MSFT Microsoft Corp. Add +2.0% 3.96% +0.06
MFC Manulife Financial Corp. Add +1.8% 0.79% +0.05
AEM Agnico Eagle Mines Ltd. New 0.00% +0.00
COST Costco Wholesale Corp. New 0.00% +0.00
SLF Sun Life Financial Inc. New 0.00% +0.00
ENB Enbridge Inc. Add +149.9% 0.00% +0.00
BAC Bank of America Corp. New 0.00% +0.00
BMO Bank of Montreal Add +1.2% 0.01% +0.00
NVDA Nvidia Corp. New 0.00% +0.00
TRP TC Energy Corp. Add +21.4% 0.00% +0.00
C Citigroup Inc. New 0.00% +0.00
PH Parker Hannifin Corp. New 0.00% +0.00
MS Morgan Stanley New 0.00% +0.00
DHI D.R. Horton Inc. Add +58.4% 0.00% +0.00
GS Goldman Sachs Group Inc. New 0.00% +0.00
PANW Palo Alto Networks Inc. New 0.00% +0.00
UNH Unitedhealth Group Inc. New 0.00% +0.00
BLK BlackRock Inc. New 0.00% +0.00
BAM Brookfield Asset Mgmt-A New 0.00% +0.00
FCX Freeport-McMoran Inc. New 0.00% +0.00
GILD Gilead Sciences Inc. New 0.00% +0.00
LLY Eli Lilly & Co. New 0.00% +0.00
QSR Restaurant Brands Intern New 0.00% +0.00
STN Stantec Inc. New 0.00% +0.00
TTD Trade Desk Inc./the Class A New 0.00% +0.00
WMT Walmart Inc. New 0.00% +0.00
AMD Advanced Micro Devices New 0.00% +0.00
JNJ Johnson & Johnson New 0.00% +0.00
LIN Linde PLC New 0.00% +0.00
FTS Fortis Inc. Add +17.0% 0.00% +0.00
SOBO South Bow Corp. Add +19.7% 0.00% +0.00
VOO Vanguard S&P 500 ETF New 0.00% +0.00
VLTO Veralto Corp. New 0.00% +0.00
CVS CVS Health Corp. Add +38.7% 0.00% 0.00
TECK Teck Resources Ltd.-CLS B New 0.00% 0.00
WCN Waste Connections Inc. Add +2.3% 0.56% −0.00
NTR Nutrien Ltd. Add +2.2% 0.39% −0.01
IEFA iShares Core MSCI Eafe ETF Add +8.2% 2.53% −0.03
HCA HCA Healthcare Inc. Add +29.5% 0.92% −0.03
CNQ Canadian Natural Resources Add +3.9% 2.88% −0.06
RY Royal Bank of Canada Add +0.8% 4.59% −0.06
RCI Rogers Communications Inc. Class B Add +1.9% 0.22% −0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 144$3.1BTD, RY, GOOGL, V, BRK.B
Q1 2026 140$2.9BIEFA, TD, RY, MSFT, GOOGL
Q4 2025 145$3.0BIEFA, GOOGL, MSFT, TD, RY
Q3 2025 75$2.8BIEFA, MSFT, GOOGL, TD, RY
Q2 2025 70$2.6BIEFA, MSFT, V, TD, ICE
Q1 2025 103$2.2BIEFA, V, ICE, BRK.B, MSFT
Q4 2024 115$2.2BGOOGL, V, ICE, BRK.B, RY
Q3 2024 91$2.2BGOOGL, V, ICE, BRK.B, RY
Q2 2024 161$2.0BGOOGL, V, BRK.B, ICE, MSFT
Q1 2024 184$2.0BV, GOOGL, BRK.B, ICE, TFII