Manitou Investment Management Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), Manitou Investment Management Ltd. reported 55 stock positions worth $525.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 14.0% of the portfolio, followed by Microsoft (MSFT, 9.5%) and Alphabet Class A (GOOGL, 9.2%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 13 and reduced 10. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale Johnson & Johnson (JNJ, shares −100%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001657428
Portfolio Value
$525.7M (Q3 2024)
SEC Filing
0001062993-24-018006 ↗ filed Oct 28, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $499.4M Q1 2024 Q2 2024: $447.0M Q2 2024 Q3 2024: $525.7M $525.7M Q3 2024 Q4 2024: $506.2M Q4 2024 Q1 2025: $514.4M Q1 2025 Q2 2025: $525.8M Q2 2025 Q3 2025: $573.2M Q3 2025 Q4 2025: $570.7M Q4 2025 Q1 2026: $505.6M Q1 2026 Q2 2026: $537.9M Q2 2026

Holdings 55 stocks · $525.7M
BRK.B Berkshire Hathaway Inc. Class B 14.03% 160,233 $73.7M Reduce -19.4%
MSFT Microsoft Corp. 9.49% 115,944 $49.9M Add +1.1%
GOOGL Alphabet Inc. Class A 9.19% 291,185 $48.3M Add +1.4%
AAPL Apple Inc. 7.68% 173,187 $40.4M Reduce -9.8%
ROP Roper Technologies Inc. 6.90% 65,226 $36.3M Add +5455.9%
AMZN Amazon.com Inc. 6.82% 192,273 $35.8M New
MA Mastercard Inc. Class A 6.35% 67,565 $33.4M Reduce -0.3%
HD Home Depot Inc. 6.27% 81,363 $33.0M Add +0.8%
JPM JPMorgan Chase & Co. 5.62% 140,215 $29.6M Reduce -16.6%
DHR Danaher Corp. 4.88% 92,204 $25.6M Add +496.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 4.27% 225,298 $22.5M Add +87.6%
SYK Stryker Corp. 3.32% 48,346 $17.5M Reduce -32.9%
BF.B Brown-Forman Corp. Class B 3.32% 354,773 $17.5M Add +25.1%
APH Amphenol Corp. Class A 2.90% 234,297 $15.3M Add +9381.9%
NKE Nike Inc. Class B 2.35% 139,486 $12.3M Reduce -22.1%
DEO Diageo PLC-Sponsored ADR 2.26% 84,700 $11.9M Reduce -5.0%
EW Edwards Lifesciences Corp. 1.84% 146,670 $9.7M Add +59280.6%
IDXX Idexx Laboratories Inc. 0.85% 8,833 $4.5M Add +5.5%
BRK.A Berkshire Hathaway Inc. Class A 0.53% 4 $2.8M No change
BN Brookfield Corp. 0.34% 33,366 $1.8M Add +2.8%
CRH CRH PLC 0.19% 11,043 $1.0M New
V Visa Inc. Class A 0.17% 3,275 $900K Add +4.0%
CME Cme Group Inc. 0.13% 3,060 $675K Add +7.1%
WBA Walgreens Boots Alliance Inc. 0.07% 40,000 $358K No change
NVO Novo-Nordisk A/S-Spons ADR 0.03% 1,159 $138K No change
GOOG Alphabet Inc. Class C 0.03% 798 $133K No change
COST Costco Wholesale Corp. 0.02% 120 $106K Reduce -53.5%
JNJ Johnson & Johnson 0.02% 549 $89K Reduce -99.6%
COF Capital One Financial Corp. 0.01% 500 $75K No change
SHW The Sherwin-Williams Co. 0.01% 181 $69K Reduce -99.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 1,725 $68K No change
LULU Lululemon Athletica Inc. 0.01% 245 $66K No change
WFC Wells Fargo & Co. 0.01% 1,000 $56K No change
ENB Enbridge Inc. 0.01% 1,000 $41K No change
LIN Linde PLC 0.01% 82 $39K No change
LLY Eli Lilly & Co. 0.01% 40 $35K No change
SAABY Saab AB-Unspr ADR 0.01% 3,300 $35K No change
WELL Welltower Inc. 0.01% 270 $35K No change
HON Honeywell International Inc. 0.01% 165 $34K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 278 $33K No change
KBGGY Kongsberg Gruppen ASA 0.01% 585 $29K No change
FAST Fastenal Co. 0.01% 392 $28K No change
CAT Caterpillar Inc. 0.00% 65 $25K No change
LRLCY L'oreal-Unsponsored ADR 0.00% 256 $23K No change
RNMBY Rheinmetall AG-Unsp ADR 0.00% 200 $22K No change
NSRGY Nestle SA-Spons ADR 0.00% 210 $21K No change
ADDYY Adidas AG-Sponsored ADR 0.00% 130 $17K No change
PSA Public Storage 0.00% 27 $10K No change
EA Electronic Arts Inc. 0.00% 19 $3K No change
PENN Penn Entertainment Inc. 0.00% 119 $2K No change
ENVX Enovix Corp. 0.00% 140 $1K No change
REZI Resideo Technologies Inc. 0.00% 27 $544 No change
WAB Wabtec Corp. 0.00% 1 $182 No change
GTX Garrett Motion Inc. 0.00% 16 $131 No change
TRANSTEL SA COMMON 0.00% 33 $0 No change

Portfolio Sells Q2 2024 → Q3 2024
JNJ Johnson & Johnson Reduce -99.6% 0.02% −5.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -19.4% 14.03% −4.05
SHW The Sherwin-Williams Co. Reduce -99.7% 0.01% −3.89
SYK Stryker Corp. Reduce -32.9% 3.32% −2.16
JPM JPMorgan Chase & Co. Reduce -16.6% 5.62% −1.99
AAPL Apple Inc. Reduce -9.8% 7.68% −1.37
NKE Nike Inc. Class B Reduce -22.1% 2.35% −0.67
MA Mastercard Inc. Class A Reduce -0.3% 6.35% −0.34
DEO Diageo PLC-Sponsored ADR Reduce -5.0% 2.26% −0.25
ITW Illinois Tool Works Sold out 0.00% −0.10
COST Costco Wholesale Corp. Reduce -53.5% 0.02% −0.03
PGR Progressive Corp. Sold out 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
AMZN Amazon.com Inc. New 6.82% +6.82
ROP Roper Technologies Inc. Add +5455.9% 6.90% +6.76
DHR Danaher Corp. Add +496.8% 4.88% +4.01
APH Amphenol Corp. Class A Add +9381.9% 2.90% +2.87
EW Edwards Lifesciences Corp. Add +59280.6% 1.84% +1.84
EL Estee Lauder Companies Class A Add +87.6% 4.27% +1.41
BF.B Brown-Forman Corp. Class B Add +25.1% 3.32% +0.58
CRH CRH PLC New 0.19% +0.19
HD Home Depot Inc. Add +0.8% 6.27% +0.06
BN Brookfield Corp. Add +2.8% 0.34% +0.04
CME Cme Group Inc. Add +7.1% 0.13% +0.00
V Visa Inc. Class A Add +4.0% 0.17% −0.01
IDXX Idexx Laboratories Inc. Add +5.5% 0.85% −0.06
MSFT Microsoft Corp. Add +1.1% 9.49% −1.98
GOOGL Alphabet Inc. Class A Add +1.4% 9.19% −2.52

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 48$537.9MBRK.B, GOOGL, AMZN, MSFT, APH
Q1 2026 52$505.6MBRK.B, GOOGL, AMZN, MSFT, ROP
Q4 2025 56$570.7MGOOGL, BRK.B, AMZN, MSFT, IDXX
Q3 2025 57$573.2MBRK.B, GOOGL, IDXX, MSFT, AMZN
Q2 2025 61$525.8MBRK.B, GOOGL, MSFT, IDXX, AMZN
Q1 2025 66$514.4MBRK.B, GOOGL, AMZN, ROP, MSFT
Q4 2024 55$506.2MBRK.B, GOOGL, MSFT, AMZN, MA
Q3 2024 55$525.7MBRK.B, MSFT, GOOGL, AAPL, ROP
Q2 2024 55$447.0MBRK.B, GOOGL, MSFT, AAPL, JPM
Q1 2024 54$499.4MBRK.B, GOOGL, MSFT, JPM, MA