Dixon Mitchell Investment Counsel Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Dixon Mitchell Investment Counsel Inc. reported 70 stock positions worth $2.6 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 6.4% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Visa Class A (V, 5.3%). Compared with Q1 2025, it opened 1 new position, sold out of 34, added to 41 and reduced 15. The biggest buy was Brookfield Infrastructure Pa (BIP, shares +47%) and the biggest sale Intercontinental Exchange (ICE, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001993485
- Portfolio Value
- $2.6B (Q2 2025)
- SEC Filing
- 0001993485-25-000006 ↗ filed Aug 13, 2025
Holdings Value
Holdings 70 stocks · $2.6B
| IEFA iShares Core MSCI Eafe ETF | 6.35% | 1,957,583 | $163.4M | Add +5.4% |
| MSFT Microsoft Corp. | 5.45% | 281,793 | $140.3M | Add +3.7% |
| V Visa Inc. Class A | 5.26% | 381,025 | $135.4M | Add +2.8% |
| TD Toronto-Dominion Bank | 4.69% | 1,644,468 | $120.8M | Add +1.4% |
| ICE Intercontinental Exchange Inc. | 4.67% | 653,838 | $120.1M | Reduce -8.0% |
| RY Royal Bank of Canada | 4.54% | 888,459 | $116.9M | Add +3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.12% | 218,123 | $106.1M | Add +3.7% |
| BN Brookfield Corp. | 4.11% | 1,711,455 | $105.7M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 3.73% | 543,289 | $95.9M | Add +3.8% |
| TMO Thermo Fisher Scientific Inc. | 3.31% | 209,712 | $85.1M | Add +38.6% |
| BIP Brookfield Infrastructure Pa | 3.25% | 2,503,764 | $83.7M | Add +46.7% |
| WPM Wheaton Precious Metals Corp. | 2.90% | 830,987 | $74.5M | Add +1.5% |
| TFII Tfi International Inc. | 2.86% | 818,334 | $73.7M | Add +44.4% |
| AME Ametek Inc. | 2.80% | 398,586 | $72.1M | Add +2.9% |
| CNQ Canadian Natural Resources | 2.69% | 2,172,539 | $69.1M | Add +4.7% |
| MEOH Methanex Corp. | 2.63% | 2,041,412 | $67.6M | Add +66.4% |
| HEI Heico Corp. | 2.56% | 201,173 | $66.0M | Add +3.8% |
| AMZN Amazon.com Inc. | 2.40% | 280,707 | $61.6M | Add +6.7% |
| DPZ Domino's Pizza Inc. | 2.31% | 131,660 | $59.3M | Add +2.9% |
| LOW Lowe's Cos Inc. | 2.24% | 259,423 | $57.6M | Add +4.4% |
| CNI Canadian Natl Railway Co. | 2.11% | 520,754 | $54.2M | Add +2.1% |
| ROP Roper Technologies Inc. | 2.07% | 93,941 | $53.3M | Add +4.3% |
| TXN Texas Instruments Inc. | 2.05% | 254,143 | $52.8M | Add +3.1% |
| META Meta Platforms Inc. Class A | 1.81% | 63,122 | $46.6M | Add +37.7% |
| TRI Thomson Reuters Corp. | 1.66% | 212,511 | $42.6M | Add +1.4% |
| DHR Danaher Corp. | 1.36% | 177,236 | $35.1M | Add +6.9% |
| FTNT Fortinet Inc. | 1.33% | 323,265 | $34.2M | Add +6.8% |
| CSL Carlisle Cos Inc. | 1.22% | 83,959 | $31.4M | Add +6.7% |
| HCA HCA Healthcare Inc. | 1.07% | 71,843 | $27.6M | Add +6.9% |
| BLD Topbuild Corp. | 1.01% | 80,429 | $26.1M | Add +6.8% |
| MIDD Middleby Corp. | 1.00% | 178,420 | $25.7M | Reduce -20.1% |
| AAPL Apple Inc. | 0.99% | 123,468 | $25.4M | Add +3.4% |
| JPM JPMorgan Chase & Co. | 0.97% | 85,597 | $24.9M | Add +7.5% |
| NFLX Netflix Inc. | 0.92% | 17,596 | $23.6M | Add +7.1% |
| CP Canadian Pacific Kansas City | 0.91% | 295,281 | $23.4M | Add +2.9% |
| WCN Waste Connections Inc. | 0.79% | 109,155 | $20.4M | Add +2.9% |
| MFC Manulife Financial Corp. | 0.77% | 620,640 | $19.8M | Add +3.1% |
| CMCSA Comcast Corp. Class A | 0.70% | 503,371 | $18.0M | Reduce -19.4% |
| ORCL Oracle Corp. | 0.56% | 64,864 | $14.3M | Add +3.8% |
| ZTS Zoetis Inc. | 0.56% | 91,784 | $14.3M | Add +6.8% |
| TFPM Triple Flag Precious Met | 0.52% | 563,989 | $13.3M | No change |
| MA Mastercard Inc. Class A | 0.50% | 22,947 | $12.9M | Add +6.8% |
| ATS Ats Corp. | 0.50% | 402,125 | $12.8M | Add +12.9% |
| NTR Nutrien Ltd. | 0.48% | 211,760 | $12.4M | Add +2.6% |
| CIGI Colliers Intl GR-Subord Vot | 0.45% | 89,011 | $11.6M | Reduce -2.2% |
| SHOP Shopify Inc. Class A | 0.34% | 76,307 | $8.8M | Add +3.3% |
| DSGX The Descartes Systems Grp | 0.33% | 84,216 | $8.5M | New |
| AGG iShares Core U.S. Aggregate | 0.06% | 15,604 | $1.5M | No change |
| GOOG Alphabet Inc. Class C | 0.03% | 3,972 | $705K | No change |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.01% | 5,621 | $361K | Reduce -10.4% |
| BKNG Booking Holdings Inc. | 0.01% | 40 | $307K | Reduce -4.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.01% | 415 | $257K | Reduce -8.8% |
| SGOV iShares 0-3 Month Treasury B | 0.01% | 1,472 | $148K | No change |
| OEF iShares S&P 100 ETF | 0.00% | 399 | $121K | Reduce -11.3% |
| IJH iShares Core S&P Midcap ETF | 0.00% | 1,750 | $109K | No change |
| KO The Coca-Cola Co. | 0.00% | 1,521 | $108K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.00% | 109 | $60K | Reduce -71.0% |
| BSV Vanguard Short-Term Bond ETF | 0.00% | 707 | $56K | No change |
| CVS CVS Health Corp. | 0.00% | 187 | $40K | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.00% | 425 | $36K | No change |
| LSPD Lightspeed Commerce Inc. | 0.00% | 2,500 | $29K | No change |
| SPGI S&P Global Inc. | 0.00% | 22 | $29K | Reduce -99.9% |
| SLF Sun Life Financial Inc. | 0.00% | 295 | $20K | Reduce -60.7% |
| ENB Enbridge Inc. | 0.00% | 103 | $18K | Reduce -86.2% |
| SU Suncor Energy Inc. | 0.00% | 370 | $14K | Reduce -49.3% |
| RCI Rogers Communications Inc. Class B | 0.00% | 133 | $12K | Reduce -57.6% |
| ARKK ARK Innovation ETF | 0.00% | 127 | $9K | Reduce -93.9% |
| BTE Baytex Energy Corp. | 0.00% | 3,031 | $5K | No change |
| BTC Grayscale Bitcoin Mini ETF | 0.00% | 85 | $4K | No change |
| MOGO INC | 0.00% | 713 | $909 | No change |
Portfolio Sells Q1 2025 → Q2 2025
| ICE Intercontinental Exchange Inc. | Reduce -8.0% | 4.67% | −0.87 |
| MIDD Middleby Corp. | Reduce -20.1% | 1.00% | −0.53 |
| SPGI S&P Global Inc. | Reduce -99.9% | 0.00% | −0.36 |
| CMCSA Comcast Corp. Class A | Reduce -19.4% | 0.70% | −0.34 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -2.2% | 0.45% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -71.0% | 0.00% | −0.01 |
| ARKK ARK Innovation ETF | Reduce -93.9% | 0.00% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.8% | 0.01% | −0.00 |
| BNS Bank of Nova Scotia | Reduce -10.4% | 0.01% | −0.00 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.00 |
| ENB Enbridge Inc. | Reduce -86.2% | 0.00% | −0.00 |
| SLF Sun Life Financial Inc. | Reduce -60.7% | 0.00% | −0.00 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.00 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.00 |
| OEF iShares S&P 100 ETF | Reduce -11.3% | 0.00% | −0.00 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.00 |
| SU Suncor Energy Inc. | Reduce -49.3% | 0.00% | −0.00 |
| TRP TC Energy Corp. | Sold out | 0.00% | −0.00 |
| C Citigroup Inc. | Sold out | 0.00% | −0.00 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.00 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.00 |
| MS Morgan Stanley | Sold out | 0.00% | −0.00 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.00 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.00 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.00 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.00 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.00 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.00 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.00 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.00 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.00 |
| ARKG ARK Genomic Revolution ETF | Sold out | 0.00% | −0.00 |
| AGI Alamos Gold Inc. Class A | Sold out | 0.00% | −0.00 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.00 |
| OR Osisko Gold Royalties Ltd. | Sold out | 0.00% | −0.00 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.00 |
| RCI Rogers Communications Inc. Class B | Reduce -57.6% | 0.00% | −0.00 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.00 |
| GIB Cgi Inc. | Sold out | 0.00% | −0.00 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.00 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.00 |
| EGO Eldorado Gold Corp. | Sold out | 0.00% | −0.00 |
| FSV Firstservice Corp. | Sold out | 0.00% | −0.00 |
| FTS Fortis Inc. | Sold out | 0.00% | −0.00 |
| STN Stantec Inc. | Sold out | 0.00% | −0.00 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.00 |
| TU Telus Corp. | Sold out | 0.00% | −0.00 |
| BLCO Bausch + Lomb Corp. | Sold out | 0.00% | 0.00 |
| BKNG Booking Holdings Inc. | Reduce -4.8% | 0.01% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| BIP Brookfield Infrastructure Pa | Add +46.7% | 3.25% | +0.96 |
| TFII Tfi International Inc. | Add +44.4% | 2.86% | +0.87 |
| MSFT Microsoft Corp. | Add +3.7% | 5.45% | +0.84 |
| MEOH Methanex Corp. | Add +66.4% | 2.63% | +0.69 |
| META Meta Platforms Inc. Class A | Add +37.7% | 1.81% | +0.62 |
| DSGX The Descartes Systems Grp | New | 0.33% | +0.33 |
| TD Toronto-Dominion Bank | Add +1.4% | 4.69% | +0.31 |
| HEI Heico Corp. | Add +3.8% | 2.56% | +0.23 |
| NFLX Netflix Inc. | Add +7.1% | 0.92% | +0.23 |
| RY Royal Bank of Canada | Add +3.3% | 4.54% | +0.17 |
| ORCL Oracle Corp. | Add +3.8% | 0.56% | +0.16 |
| BN Brookfield Corp. | Add +2.3% | 4.11% | +0.16 |
| AMZN Amazon.com Inc. | Add +6.7% | 2.40% | +0.14 |
| ATS Ats Corp. | Add +12.9% | 0.50% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +7.5% | 0.97% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +3.8% | 3.73% | +0.07 |
| TXN Texas Instruments Inc. | Add +3.1% | 2.05% | +0.05 |
| TRI Thomson Reuters Corp. | Add +1.4% | 1.66% | +0.03 |
| WPM Wheaton Precious Metals Corp. | Add +1.5% | 2.90% | +0.03 |
| SHOP Shopify Inc. Class A | Add +3.3% | 0.34% | +0.02 |
| HCA HCA Healthcare Inc. | Add +6.9% | 1.07% | +0.02 |
| NTR Nutrien Ltd. | Add +2.6% | 0.48% | +0.02 |
| FTNT Fortinet Inc. | Add +6.8% | 1.33% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.4% | 6.35% | +0.01 |
| CSL Carlisle Cos Inc. | Add +6.7% | 1.22% | +0.01 |
| CP Canadian Pacific Kansas City | Add +2.9% | 0.91% | −0.00 |
| BLD Topbuild Corp. | Add +6.8% | 1.01% | −0.02 |
| MA Mastercard Inc. Class A | Add +6.8% | 0.50% | −0.03 |
| MFC Manulife Financial Corp. | Add +3.1% | 0.77% | −0.08 |
| ZTS Zoetis Inc. | Add +6.8% | 0.56% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +38.6% | 3.31% | −0.09 |
| CNI Canadian Natl Railway Co. | Add +2.1% | 2.11% | −0.13 |
| WCN Waste Connections Inc. | Add +2.9% | 0.79% | −0.14 |
| DHR Danaher Corp. | Add +6.9% | 1.36% | −0.17 |
| AME Ametek Inc. | Add +2.9% | 2.80% | −0.20 |
| AAPL Apple Inc. | Add +3.4% | 0.99% | −0.21 |
| CNQ Canadian Natural Resources | Add +4.7% | 2.69% | −0.23 |
| ROP Roper Technologies Inc. | Add +4.3% | 2.07% | −0.33 |
| DPZ Domino's Pizza Inc. | Add +2.9% | 2.31% | −0.35 |
| LOW Lowe's Cos Inc. | Add +4.4% | 2.24% | −0.38 |
| V Visa Inc. Class A | Add +2.8% | 5.26% | −0.60 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.7% | 4.12% | −0.94 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 144 | $3.1B | TD, RY, GOOGL, V, BRK.B |
| Q1 2026 | 140 | $2.9B | IEFA, TD, RY, MSFT, GOOGL |
| Q4 2025 | 145 | $3.0B | IEFA, GOOGL, MSFT, TD, RY |
| Q3 2025 | 75 | $2.8B | IEFA, MSFT, GOOGL, TD, RY |
| Q2 2025 | 70 | $2.6B | IEFA, MSFT, V, TD, ICE |
| Q1 2025 | 103 | $2.2B | IEFA, V, ICE, BRK.B, MSFT |
| Q4 2024 | 115 | $2.2B | GOOGL, V, ICE, BRK.B, RY |
| Q3 2024 | 91 | $2.2B | GOOGL, V, ICE, BRK.B, RY |
| Q2 2024 | 161 | $2.0B | GOOGL, V, BRK.B, ICE, MSFT |
| Q1 2024 | 184 | $2.0B | V, GOOGL, BRK.B, ICE, TFII |