Dixon Mitchell Investment Counsel Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Dixon Mitchell Investment Counsel Inc. reported 75 stock positions worth $2.8 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 8.8% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Alphabet Class A (GOOGL, 4.7%). Compared with Q2 2025, it opened 6 new positions, sold out of 1, added to 41 and reduced 13. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +45%) and the biggest sale Oracle (ORCL, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001993485
- Portfolio Value
- $2.8B (Q3 2025)
- SEC Filing
- 0001993485-25-000007 ↗ filed Nov 13, 2025
Holdings Value
Holdings 75 stocks · $2.8B
| IEFA iShares Core MSCI Eafe ETF | 8.82% | 2,841,109 | $248.1M | Add +45.1% |
| MSFT Microsoft Corp. | 5.25% | 284,877 | $147.7M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 4.74% | 547,085 | $133.2M | Add +0.7% |
| TD Toronto-Dominion Bank | 4.70% | 1,650,983 | $132.1M | Add +0.4% |
| RY Royal Bank of Canada | 4.67% | 890,073 | $131.3M | Add +0.2% |
| V Visa Inc. Class A | 4.66% | 383,427 | $131.0M | Add +0.6% |
| ICE Intercontinental Exchange Inc. | 3.96% | 658,866 | $111.2M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.93% | 219,622 | $110.6M | Add +0.7% |
| BN Brookfield Corp. | 3.92% | 1,606,322 | $110.1M | Reduce -6.1% |
| TMO Thermo Fisher Scientific Inc. | 3.65% | 211,097 | $102.5M | Add +0.7% |
| WPM Wheaton Precious Metals Corp. | 3.34% | 838,870 | $93.8M | Add +0.9% |
| BIP Brookfield Infrastructure Pa | 2.93% | 2,501,364 | $82.5M | Reduce -0.1% |
| MEOH Methanex Corp. | 2.89% | 2,040,507 | $81.3M | Reduce -0.0% |
| TFII Tfi International Inc. | 2.87% | 912,039 | $80.7M | Add +11.4% |
| AME Ametek Inc. | 2.69% | 401,474 | $75.5M | Add +0.7% |
| CNQ Canadian Natural Resources | 2.48% | 2,151,019 | $69.8M | Reduce -1.0% |
| LOW Lowe's Cos Inc. | 2.34% | 261,228 | $65.7M | Add +0.7% |
| HEI Heico Corp. | 2.34% | 203,504 | $65.7M | Add +1.2% |
| AMZN Amazon.com Inc. | 2.26% | 289,226 | $63.6M | Add +3.0% |
| DPZ Domino's Pizza Inc. | 2.04% | 132,655 | $57.4M | Add +0.8% |
| ROP Roper Technologies Inc. | 1.70% | 95,680 | $47.8M | Add +1.9% |
| CNI Canadian Natl Railway Co. | 1.70% | 505,300 | $47.7M | Reduce -3.0% |
| META Meta Platforms Inc. Class A | 1.68% | 64,301 | $47.2M | Add +1.9% |
| TXN Texas Instruments Inc. | 1.68% | 256,711 | $47.2M | Add +1.0% |
| DHR Danaher Corp. | 1.29% | 182,598 | $36.3M | Add +3.0% |
| TRI Thomson Reuters Corp. | 1.18% | 213,286 | $33.1M | Add +0.4% |
| BLD Topbuild Corp. | 1.15% | 82,810 | $32.4M | Add +3.0% |
| DSGX The Descartes Systems Grp | 1.14% | 339,370 | $32.0M | Add +303.0% |
| AAPL Apple Inc. | 1.13% | 124,618 | $31.8M | Add +0.9% |
| HCA HCA Healthcare Inc. | 1.12% | 74,104 | $31.6M | Add +3.1% |
| CSL Carlisle Cos Inc. | 1.01% | 86,029 | $28.3M | Add +2.5% |
| FTNT Fortinet Inc. | 1.00% | 333,554 | $28.0M | Add +3.2% |
| JPM JPMorgan Chase & Co. | 0.99% | 88,361 | $27.9M | Add +3.2% |
| CP Canadian Pacific Kansas City | 0.78% | 291,973 | $21.8M | Reduce -1.1% |
| NFLX Netflix Inc. | 0.77% | 18,113 | $21.8M | Add +2.9% |
| SGOV iShares 0-3 Month Treasury B | 0.71% | 198,647 | $20.0M | Add +13395.0% |
| MIDD Middleby Corp. | 0.71% | 149,305 | $19.9M | Reduce -16.3% |
| WCN Waste Connections Inc. | 0.70% | 111,779 | $19.7M | Add +2.4% |
| MFC Manulife Financial Corp. | 0.70% | 628,779 | $19.6M | Add +1.3% |
| TFPM Triple Flag Precious Met | 0.59% | 563,989 | $16.5M | No change |
| ZTS Zoetis Inc. | 0.49% | 94,643 | $13.8M | Add +3.1% |
| MA Mastercard Inc. Class A | 0.48% | 23,664 | $13.5M | Add +3.1% |
| NTR Nutrien Ltd. | 0.45% | 213,829 | $12.6M | Add +1.0% |
| CMCSA Comcast Corp. Class A | 0.42% | 376,313 | $11.8M | Reduce -25.2% |
| SHOP Shopify Inc. Class A | 0.42% | 78,794 | $11.7M | Add +3.3% |
| CIGI Colliers Intl GR-Subord Vot | 0.41% | 74,011 | $11.6M | Reduce -16.9% |
| CERT Certara Inc. | 0.38% | 866,380 | $10.6M | New |
| ACWX iShares MSCI Acwi Ex US ETF | 0.34% | 147,500 | $9.6M | New |
| ATS Ats Corp. | 0.20% | 218,525 | $5.7M | Reduce -45.7% |
| MELI MercadoLibre Inc. | 0.06% | 740 | $1.7M | New |
| AGG iShares Core U.S. Aggregate | 0.06% | 16,497 | $1.7M | Add +5.7% |
| GOOG Alphabet Inc. Class C | 0.03% | 3,972 | $967K | No change |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.01% | 5,692 | $402K | Add +1.3% |
| ORCL Oracle Corp. | 0.01% | 346 | $282K | Reduce -99.5% |
| BKNG Booking Holdings Inc. | 0.01% | 39 | $281K | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.01% | 415 | $277K | No change |
| OEF iShares S&P 100 ETF | 0.00% | 399 | $133K | No change |
| SLF Sun Life Financial Inc. | 0.00% | 1,981 | $119K | Add +571.5% |
| IJH iShares Core S&P Midcap ETF | 0.00% | 1,750 | $114K | No change |
| KO The Coca-Cola Co. | 0.00% | 1,521 | $102K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.00% | 109 | $66K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.00% | 707 | $56K | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.00% | 425 | $38K | No change |
| GIL Gildan Activewear Inc. | 0.00% | 322 | $31K | New |
| LSPD Lightspeed Commerce Inc. | 0.00% | 2,500 | $29K | No change |
| SPGI S&P Global Inc. | 0.00% | 3 | $18K | Reduce -86.4% |
| SU Suncor Energy Inc. | 0.00% | 370 | $15K | No change |
| ENB Enbridge Inc. | 0.00% | 111 | $14K | Add +7.8% |
| RCI Rogers Communications Inc. Class B | 0.00% | 175 | $11K | Add +31.6% |
| ARKK ARK Innovation ETF | 0.00% | 127 | $11K | No change |
| BTE Baytex Energy Corp. | 0.00% | 3,031 | $7K | No change |
| OTEX Open Text Corp. | 0.00% | 145 | $5K | New |
| BTC Grayscale Bitcoin Mini ETF | 0.00% | 85 | $4K | No change |
| TU Telus Corp. | 0.00% | 257 | $4K | New |
| MOGO INC | 0.00% | 713 | $1K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| ORCL Oracle Corp. | Reduce -99.5% | 0.01% | −0.55 |
| CNI Canadian Natl Railway Co. | Reduce -3.0% | 1.70% | −0.41 |
| BIP Brookfield Infrastructure Pa | Reduce -0.1% | 2.93% | −0.32 |
| ATS Ats Corp. | Reduce -45.7% | 0.20% | −0.29 |
| MIDD Middleby Corp. | Reduce -16.3% | 0.71% | −0.29 |
| CMCSA Comcast Corp. Class A | Reduce -25.2% | 0.42% | −0.28 |
| CNQ Canadian Natural Resources | Reduce -1.0% | 2.48% | −0.20 |
| BN Brookfield Corp. | Reduce -6.1% | 3.92% | −0.19 |
| CP Canadian Pacific Kansas City | Reduce -1.1% | 0.78% | −0.13 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -16.9% | 0.41% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -2.5% | 0.01% | −0.00 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.00 |
| SPGI S&P Global Inc. | Reduce -86.4% | 0.00% | −0.00 |
| MEOH Methanex Corp. | Reduce -0.0% | 2.89% | +0.26 |
Portfolio Buys Q2 2025 → Q3 2025
| IEFA iShares Core MSCI Eafe ETF | Add +45.1% | 8.82% | +2.47 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 4.74% | +1.01 |
| DSGX The Descartes Systems Grp | Add +303.0% | 1.14% | +0.81 |
| SGOV iShares 0-3 Month Treasury B | Add +13395.0% | 0.71% | +0.71 |
| WPM Wheaton Precious Metals Corp. | Add +0.9% | 3.34% | +0.44 |
| CERT Certara Inc. | New | 0.38% | +0.38 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.34% | +0.34 |
| TMO Thermo Fisher Scientific Inc. | Add +0.7% | 3.65% | +0.34 |
| AAPL Apple Inc. | Add +0.9% | 1.13% | +0.14 |
| BLD Topbuild Corp. | Add +3.0% | 1.15% | +0.14 |
| RY Royal Bank of Canada | Add +0.2% | 4.67% | +0.12 |
| LOW Lowe's Cos Inc. | Add +0.7% | 2.34% | +0.10 |
| SHOP Shopify Inc. Class A | Add +3.3% | 0.42% | +0.08 |
| MELI MercadoLibre Inc. | New | 0.06% | +0.06 |
| HCA HCA Healthcare Inc. | Add +3.1% | 1.12% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +3.2% | 0.99% | +0.03 |
| TFII Tfi International Inc. | Add +11.4% | 2.87% | +0.01 |
| TD Toronto-Dominion Bank | Add +0.4% | 4.70% | +0.00 |
| SLF Sun Life Financial Inc. | Add +571.5% | 0.00% | +0.00 |
| GIL Gildan Activewear Inc. | New | 0.00% | +0.00 |
| BNS Bank of Nova Scotia | Add +1.3% | 0.01% | +0.00 |
| OTEX Open Text Corp. | New | 0.00% | +0.00 |
| TU Telus Corp. | New | 0.00% | +0.00 |
| RCI Rogers Communications Inc. Class B | Add +31.6% | 0.00% | −0.00 |
| ENB Enbridge Inc. | Add +7.8% | 0.00% | −0.00 |
| AGG iShares Core U.S. Aggregate | Add +5.7% | 0.06% | −0.00 |
| MA Mastercard Inc. Class A | Add +3.1% | 0.48% | −0.02 |
| NTR Nutrien Ltd. | Add +1.0% | 0.45% | −0.04 |
| ZTS Zoetis Inc. | Add +3.1% | 0.49% | −0.06 |
| DHR Danaher Corp. | Add +3.0% | 1.29% | −0.07 |
| MFC Manulife Financial Corp. | Add +1.3% | 0.70% | −0.07 |
| WCN Waste Connections Inc. | Add +2.4% | 0.70% | −0.09 |
| AME Ametek Inc. | Add +0.7% | 2.69% | −0.12 |
| META Meta Platforms Inc. Class A | Add +1.9% | 1.68% | −0.13 |
| AMZN Amazon.com Inc. | Add +3.0% | 2.26% | −0.13 |
| NFLX Netflix Inc. | Add +2.9% | 0.77% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.7% | 3.93% | −0.19 |
| MSFT Microsoft Corp. | Add +1.1% | 5.25% | −0.20 |
| CSL Carlisle Cos Inc. | Add +2.5% | 1.01% | −0.21 |
| HEI Heico Corp. | Add +1.2% | 2.34% | −0.23 |
| DPZ Domino's Pizza Inc. | Add +0.8% | 2.04% | −0.26 |
| FTNT Fortinet Inc. | Add +3.2% | 1.00% | −0.33 |
| ROP Roper Technologies Inc. | Add +1.9% | 1.70% | −0.37 |
| TXN Texas Instruments Inc. | Add +1.0% | 1.68% | −0.37 |
| TRI Thomson Reuters Corp. | Add +0.4% | 1.18% | −0.48 |
| V Visa Inc. Class A | Add +0.6% | 4.66% | −0.60 |
| ICE Intercontinental Exchange Inc. | Add +0.8% | 3.96% | −0.71 |
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 |