Dixon Mitchell Investment Counsel Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Dixon Mitchell Investment Counsel Inc. reported 140 stock positions worth $2.9 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 7.8% of the portfolio, followed by Toronto-Dominion Bank (TD, 4.8%) and Royal Bank of Canada (RY, 4.6%). Compared with Q4 2025, it opened 13 new positions, sold out of 19, added to 11 and reduced 58. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale Alphabet Class A (GOOGL, shares −20%).

Most Recent 13F
Q2 2026
Location
VANCOUVER, A1
CIK
0001993485
Portfolio Value
$2.9B (Q1 2026)
SEC Filing
0001993485-26-000003 ↗ filed May 14, 2026

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 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 $2.9B Q1 2026 Q2 2026: $3.1B Q2 2026

Holdings 140 stocks · $2.9B
IEFA iShares Core MSCI Eafe ETF 7.79% 2,476,353 $224.2M Reduce -10.8%
TD Toronto-Dominion Bank 4.85% 1,499,333 $139.5M Reduce -6.4%
RY Royal Bank of Canada 4.55% 812,192 $130.9M Reduce -6.8%
MSFT Microsoft Corp. 4.42% 343,473 $127.2M Add +6.0%
GOOGL Alphabet Inc. Class A 4.40% 439,704 $126.7M Reduce -19.9%
WPM Wheaton Precious Metals Corp. 4.24% 929,304 $121.9M Reduce -0.6%
MEOH Methanex Corp. 4.03% 1,951,101 $116.0M Reduce -4.7%
V Visa Inc. Class A 4.02% 381,968 $115.6M Reduce -0.6%
ICE Intercontinental Exchange Inc. 3.83% 700,664 $110.3M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 3.64% 218,432 $104.8M Reduce -0.7%
TMO Thermo Fisher Scientific Inc. 3.57% 208,627 $102.7M Reduce -1.0%
TFII Tfi International Inc. filed as TRANSFORCE INC 3.35% 884,525 $96.4M Reduce -2.3%
BIP Brookfield Infrastructure Pa 2.99% 2,395,222 $86.1M Reduce -2.2%
AME Ametek Inc. 2.98% 399,784 $85.7M Reduce -0.5%
CNQ Canadian Natural Resources 2.91% 1,702,696 $83.6M Reduce -19.9%
BN Brookfield Corp. 2.85% 2,026,278 $81.8M Reduce -14.3%
BGSI Boyd Group Services Inc. 2.71% 612,852 $78.1M Reduce -1.2%
AMZN Amazon.com Inc. 2.14% 295,240 $61.5M Reduce -0.7%
HEI Heico Corp. 1.92% 201,424 $55.2M Reduce -1.2%
SPOT Spotify Technology SA 1.89% 112,044 $54.3M New
ROP Roper Technologies Inc. 1.80% 146,385 $51.8M Reduce -0.7%
LOW Lowe's Cos Inc. 1.73% 210,949 $49.9M Reduce -0.7%
TXN Texas Instruments Inc. 1.72% 255,104 $49.6M Reduce -0.9%
DPZ Domino's Pizza Inc. 1.65% 131,944 $47.3M Reduce -0.7%
CNI Canadian Natl Railway Co. 1.60% 448,437 $46.0M Reduce -10.8%
TFPM Triple Flag Precious Met 1.49% 1,235,887 $42.8M Add +119.1%
NFLX Netflix Inc. 1.33% 396,354 $38.1M Add +111.8%
META Meta Platforms Inc. Class A 1.29% 64,776 $37.1M Reduce -0.6%
HCA HCA Healthcare Inc. 1.24% 75,190 $35.6M Reduce -0.8%
DHR Danaher Corp. 1.22% 185,291 $35.2M Reduce -0.6%
CSL Carlisle Cos Inc. 1.03% 88,652 $29.6M Reduce -1.2%
FTNT Fortinet Inc. 0.96% 337,594 $27.6M Reduce -1.0%
TRI Thomson Reuters Corp. 0.95% 303,326 $27.3M Add +44.0%
JPM JPMorgan Chase & Co. 0.92% 89,925 $26.5M Reduce -0.7%
UBER Uber Technologies Inc. 0.88% 352,423 $25.3M Add +66.1%
DSGX The Descartes Systems Grp 0.84% 340,370 $24.3M Add +2.5%
CDNS Cadence Design SYS Inc. 0.65% 67,473 $18.7M Add +8199.3%
WCN Waste Connections Inc. 0.62% 109,806 $17.8M Reduce -1.9%
ACWX iShares MSCI Acwi Ex US ETF 0.61% 254,500 $17.4M No change
CP Canadian Pacific Kansas City 0.60% 218,538 $17.2M Reduce -26.4%
MELI MercadoLibre Inc. 0.50% 8,300 $14.4M Add +95.3%
MA Mastercard Inc. Class A 0.42% 24,035 $12.0M Reduce -0.9%
SHOP Shopify Inc. Class A 0.33% 80,724 $9.5M Reduce -2.0%
CERT Certara Inc. 0.30% 1,537,876 $8.8M Reduce -0.5%
CIGI Colliers Intl GR-Subord Vot 0.29% 79,011 $8.4M Add +6.8%
BLD Topbuild Corp. 0.25% 20,126 $7.1M Reduce -42.5%
HDB HDFC Bank Ltd.-ADR 0.23% 263,000 $6.5M New
SE Sea Ltd.-ADR 0.21% 74,000 $6.1M Add +57.5%
ATS Ats Corp. 0.21% 211,025 $5.9M No change
PAC Grupo Aeroportuario Pac-ADR 0.19% 22,700 $5.6M New
IBN Icici Bank Ltd.-Spon ADR 0.15% 164,000 $4.2M New
RIO Rio Tinto PLC-Spon ADR 0.08% 25,400 $2.4M New
AGG iShares Core U.S. Aggregate 0.06% 16,497 $1.6M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.04% 1,552 $1.0M No change
GOOG Alphabet Inc. Class C 0.03% 3,493 $1.0M Reduce -12.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 0.02% 8,674 $636K Reduce -6.8%
MU Micron Technology Inc. 0.02% 1,842 $623K No change
AEM Agnico Eagle Mines Ltd. 0.02% 2,949 $597K Reduce -2.5%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 0.02% 3,612 $488K Reduce -1.4%
AVGO Broadcom Inc. 0.02% 1,470 $455K Reduce -1.7%
ENB Enbridge Inc. 0.01% 7,821 $432K No change
KGC Kinross Gold Corp. 0.01% 13,857 $422K No change
TRP TC Energy Corp. 0.01% 6,042 $380K Reduce -1.2%
MFC Manulife Financial Corp. 0.01% 10,576 $377K Reduce -26.9%
LLY Eli Lilly & Co. 0.01% 408 $375K No change
NVDA Nvidia Corp. 0.01% 1,962 $342K Reduce -1.5%
SLF Sun Life Financial Inc. 0.01% 5,301 $331K No change
SU Suncor Energy Inc. 0.01% 5,019 $331K Reduce -3.2%
FHN First Horizon Corp. 0.01% 13,410 $307K No change
NTR Nutrien Ltd. 0.01% 3,616 $274K Reduce -44.7%
GEV GE Vernova Inc. 0.01% 300 $262K No change
MDB Mongodb Inc. 0.01% 1,023 $250K No change
AZN Astrazeneca PLC 0.01% 1,206 $238K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 1,455 $232K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 2,376 $229K No change
EXE Expand Energy Corp. 0.01% 2,046 $225K No change
INTC Intel Corp. 0.01% 5,025 $222K No change
BKNG Booking Holdings Inc. 0.01% 39 $219K No change
TMUS T-Mobile US Inc. 0.01% 978 $205K No change
COF Capital One Financial Corp. 0.01% 1,095 $200K New
WMS Advanced Drainage Systems Inc. 0.01% 1,413 $194K No change
ACM Aecom 0.01% 2,220 $188K No change
ALC Alcon Inc. filed as ALCON AG 0.01% 2,481 $187K No change
CCJ Cameco Corp. 0.01% 1,647 $178K No change
PBA Pembina Pipeline Corp. 0.01% 3,756 $168K Reduce -2.5%
SLB SLB Ltd. filed as SLB LIMITED 0.01% 3,210 $166K No change
MRSH Marsh & McLennan Cos 0.01% 948 $164K No change
AMD Advanced Micro Devices 0.01% 807 $164K No change
TECK Teck Resources Ltd.-CLS B 0.01% 3,156 $163K No change
BIO Bio-Rad Laboratories-A 0.01% 549 $153K No change
DVN Devon Energy Corp. 0.01% 3,027 $152K No change
AAPL Apple Inc. 0.01% 357 $148K Reduce -99.7%
IR Ingersoll-Rand Inc. 0.01% 1,845 $148K No change
FTS Fortis Inc. 0.01% 2,640 $147K No change
SGOV iShares 0-3 Month Treasury B 0.01% 1,436 $145K Reduce -29.5%
UNH Unitedhealth Group Inc. 0.01% 534 $144K No change
PH Parker Hannifin Corp. 0.00% 159 $142K No change
TTWO Take-Two Interactive Softwre 0.00% 705 $139K No change
APTV Aptiv PLC 0.00% 1,941 $135K No change
GIB Cgi Inc. 0.00% 1,818 $132K Reduce -1.4%
RRX Regal Rexnord Corp. 0.00% 699 $131K No change
ORCL Oracle Corp. 0.00% 211 $127K Reduce -12.1%
OEF iShares S&P 100 ETF 0.00% 399 $127K No change
APO Apollo Global Management Inc. 0.00% 1,113 $124K No change
ADSK Autodesk Inc. 0.00% 498 $119K No change
IJH iShares Core S&P Midcap ETF 0.00% 1,750 $118K No change
PGR Progressive Corp. 0.00% 567 $112K Reduce -4.2%
RIVN Rivian Automotive Inc. Class A 0.00% 7,434 $112K No change
BCE Bce Inc. 0.00% 4,164 $106K No change
NOW ServiceNow Inc. 0.00% 960 $100K No change
CMS CMS Energy Corp. 0.00% 1,194 $93K No change
MIDD Middleby Corp. 0.00% 491 $82K Reduce -99.7%
LIN Linde PLC 0.00% 165 $82K No change
DT Dynatrace Inc. 0.00% 1,878 $69K No change
ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP 0.00% 3,033 $66K No change
MAS Masco Corp. 0.00% 1,050 $63K No change
QQQ Invesco QQQ Trust Series 1 0.00% 109 $63K No change
PINS Pinterest Inc. Class A 0.00% 3,285 $60K No change
ZTS Zoetis Inc. 0.00% 500 $59K Reduce -7.6%
MSA Msa Safety Inc. 0.00% 354 $58K No change
BSV Vanguard Short-Term Bond ETF 0.00% 707 $55K No change
KO The Coca-Cola Co. 0.00% 512 $39K Reduce -43.7%
CMCSA Comcast Corp. Class A 0.00% 497 $36K Reduce -60.0%
GIL Gildan Activewear Inc. 0.00% 322 $30K No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 425 $22K No change
LSPD Lightspeed Commerce Inc. 0.00% 2,500 $22K No change
SPGI S&P Global Inc. 0.00% 3 $15K No change
RCI Rogers Communications Inc. Class B 0.00% 175 $12K Reduce -47.8%
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 130 $10K New
MICC The Magnum Ice Cream Co. NV 0.00% 606 $9K No change
ARKK ARK Innovation ETF 0.00% 127 $9K No change
TU Telus Corp. 0.00% 267 $4K Add +2.3%
OTEX Open Text Corp. 0.00% 145 $3K Reduce -44.2%
SMMD iShares Russell 2500 ETF 0.00% 34 $3K New
BTC Grayscale Bitcoin Mini ETF 0.00% 85 $3K No change
SCZ iShares MSCI Eafe Small-Cap 0.00% 20 $2K New
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.00% 26 $1K New
VSNT Versant Media Group Inc. 0.00% 19 $703 Reduce -61.7%
ORIO Orion Digital Corp. 0.00% 713 $685 New
USHY iShares Broad Usd High Yield 0.00% 16 $589 New

Portfolio Sells Q4 2025 → Q1 2026
GOOGL Alphabet Inc. Class A Reduce -19.9% 4.40% −1.27
AAPL Apple Inc. Reduce -99.7% 0.01% −1.12
BN Brookfield Corp. Reduce -14.3% 2.85% −0.74
MIDD Middleby Corp. Reduce -99.7% 0.00% −0.74
BGSI Boyd Group Services Inc. Reduce -1.2% 2.71% −0.55
TMO Thermo Fisher Scientific Inc. Reduce -1.0% 3.57% −0.46
V Visa Inc. Class A Reduce -0.6% 4.02% −0.43
IEFA iShares Core MSCI Eafe ETF Reduce -10.8% 7.79% −0.39
ROP Roper Technologies Inc. Reduce -0.7% 1.80% −0.36
RY Royal Bank of Canada Reduce -6.8% 4.55% −0.36
HEI Heico Corp. Reduce -1.2% 1.92% −0.26
BLD Topbuild Corp. Reduce -42.5% 0.25% −0.24
DHR Danaher Corp. Reduce -0.6% 1.22% −0.19
DPZ Domino's Pizza Inc. Reduce -0.7% 1.65% −0.18
CERT Certara Inc. Reduce -0.5% 0.30% −0.14
TD Toronto-Dominion Bank Reduce -6.4% 4.85% −0.14
META Meta Platforms Inc. Class A Reduce -0.6% 1.29% −0.13
AMZN Amazon.com Inc. Reduce -0.7% 2.14% −0.13
CP Canadian Pacific Kansas City Reduce -26.4% 0.60% −0.13
SHOP Shopify Inc. Class A Reduce -2.0% 0.33% −0.11
JPM JPMorgan Chase & Co. Reduce -0.7% 0.92% −0.04
CNI Canadian Natl Railway Co. Reduce -10.8% 1.60% −0.04
MA Mastercard Inc. Class A Reduce -0.9% 0.42% −0.04
WCN Waste Connections Inc. Reduce -1.9% 0.62% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.7% 3.64% −0.01
GOOG Alphabet Inc. Class C Reduce -12.6% 0.03% −0.01
MFC Manulife Financial Corp. Reduce -26.9% 0.01% −0.00
NTR Nutrien Ltd. Reduce -44.7% 0.01% −0.00
BNS Bank of Nova Scotia Reduce -6.8% 0.02% −0.00
SGOV iShares 0-3 Month Treasury B Reduce -29.5% 0.01% −0.00
ORCL Oracle Corp. Reduce -12.1% 0.00% −0.00
AVGO Broadcom Inc. Reduce -1.7% 0.02% −0.00
GIB Cgi Inc. Reduce -1.4% 0.00% −0.00
KO The Coca-Cola Co. Reduce -43.7% 0.00% −0.00
CMCSA Comcast Corp. Class A Reduce -60.0% 0.00% −0.00
PGR Progressive Corp. Reduce -4.2% 0.00% −0.00
NVDA Nvidia Corp. Reduce -1.5% 0.01% −0.00
FNV Franco-Nevada Corp. Sold out 0.00% −0.00
AGI Alamos Gold Inc. Class A Sold out 0.00% −0.00
APH Amphenol Corp. Class A Sold out 0.00% −0.00
B Barrick Mining Corp. Sold out 0.00% −0.00
BSX Boston Scientific Corp. Sold out 0.00% −0.00
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.00
GE General Electric Sold out 0.00% −0.00
OTEX Open Text Corp. Reduce -44.2% 0.00% −0.00
RCI Rogers Communications Inc. Class B Reduce -47.8% 0.00% −0.00
ZTS Zoetis Inc. Reduce -7.6% 0.00% −0.00
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.00
BX Blackstone Inc. Sold out 0.00% −0.00
BAM Brookfield Asset Mgmt-A Sold out 0.00% −0.00

Portfolio Buys Q4 2025 → Q1 2026
SPOT Spotify Technology SA New 1.89% +1.89
TFPM Triple Flag Precious Met Add +119.1% 1.49% +0.87
NFLX Netflix Inc. Add +111.8% 1.33% +0.75
CDNS Cadence Design SYS Inc. Add +8199.3% 0.65% +0.64
UBER Uber Technologies Inc. Add +66.1% 0.88% +0.31
HDB HDFC Bank Ltd.-ADR New 0.23% +0.23
MELI MercadoLibre Inc. Add +95.3% 0.50% +0.22
PAC Grupo Aeroportuario Pac-ADR New 0.19% +0.19
IBN Icici Bank Ltd.-Spon ADR New 0.15% +0.15
RIO Rio Tinto PLC-Spon ADR New 0.08% +0.08
TRI Thomson Reuters Corp. Add +44.0% 0.95% +0.03
SE Sea Ltd.-ADR Add +57.5% 0.21% +0.02
AZN Astrazeneca PLC New 0.01% +0.01
COF Capital One Financial Corp. New 0.01% +0.01
SPYM Ste STR SPDR PT S&P 500 ETF New 0.00% +0.00
SCZ iShares MSCI Eafe Small-Cap New 0.00% +0.00
SMMD iShares Russell 2500 ETF New 0.00% +0.00
IUSB Ishr CR Unvrse Usd BD ETF-Ui New 0.00% 0.00
USHY iShares Broad Usd High Yield New 0.00% 0.00
ORIO Orion Digital Corp. New 0.00% 0.00
TU Telus Corp. Add +2.3% 0.00% 0.00
CIGI Colliers Intl GR-Subord Vot Add +6.8% 0.29% −0.07
DSGX The Descartes Systems Grp Add +2.5% 0.84% −0.12
MSFT Microsoft Corp. Add +6.0% 4.42% −0.75

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