Manitou Investment Management Ltd.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Manitou Investment Management Ltd. reported 52 stock positions worth $505.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 15.9% of the portfolio, followed by Alphabet Class A (GOOGL, 13.4%) and Amazon.com (AMZN, 11.5%). Compared with Q4 2025, it opened 1 new position, sold out of 5, added to 8 and reduced 10. The biggest buy was Amazon.com (AMZN, shares +28%) and the biggest sale JPMorgan Chase (JPM, shares −60%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001657428
Portfolio Value
$505.6M (Q1 2026)
SEC Filing
0001062993-26-002053 ↗ filed Apr 20, 2026

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 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 $505.6M Q1 2026 Q2 2026: $537.9M Q2 2026

Holdings 52 stocks · $505.6M
BRK.B Berkshire Hathaway Inc. Class B 15.93% 168,083 $80.5M Reduce -0.5%
GOOGL Alphabet Inc. Class A 13.44% 236,358 $68.0M Reduce -16.3%
AMZN Amazon.com Inc. 11.47% 278,535 $58.0M Add +28.1%
MSFT Microsoft Corp. 9.15% 124,986 $46.3M Add +22.1%
ROP Roper Technologies Inc. 8.55% 122,183 $43.2M Add +52.4%
IDXX Idexx Laboratories Inc. 7.73% 69,598 $39.1M Add +0.9%
MA Mastercard Inc. Class A 6.84% 69,227 $34.6M Reduce -0.5%
APH Amphenol Corp. Class A 6.16% 246,560 $31.2M Reduce -17.1%
SYK Stryker Corp. 5.42% 83,464 $27.4M Add +0.5%
META Meta Platforms Inc. Class A 4.41% 38,989 $22.3M Add +42.1%
EW Edwards Lifesciences Corp. 2.92% 184,195 $14.8M Reduce -0.3%
JPM JPMorgan Chase & Co. 2.60% 44,674 $13.1M Reduce -60.2%
AAPL Apple Inc. 2.45% 48,812 $12.4M Reduce -33.0%
BN Brookfield Corp. 0.68% 84,600 $3.4M Add +0.1%
BRK.A Berkshire Hathaway Inc. Class A 0.57% 4 $2.9M No change
MKL Markel Group Inc. 0.43% 1,140 $2.2M No change
CRH CRH PLC 0.32% 15,257 $1.6M Add +16.5%
V Visa Inc. Class A 0.24% 3,986 $1.2M No change
DHR Danaher Corp. 0.21% 5,704 $1.1M Reduce -1.4%
CME Cme Group Inc. 0.13% 2,259 $667K Reduce -42.3%
COST Costco Wholesale Corp. 0.04% 215 $214K No change
GOOG Alphabet Inc. Class C 0.03% 580 $166K Reduce -27.5%
APA Apa Corp. 0.03% 3,130 $133K No change
JNJ Johnson & Johnson 0.02% 420 $103K No change
WFC Wells Fargo & Co. 0.02% 1,220 $97K No change
FRMO Frmo Corp. 0.02% 11,500 $90K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 1,725 $84K No change
USB US Bancorp 0.02% 1,510 $79K No change
LIN Linde PLC 0.02% 157 $78K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 280 $68K No change
SOBO South Bow Corp. 0.01% 1,700 $57K No change
WELL Welltower Inc. 0.01% 270 $53K No change
CAT Caterpillar Inc. 0.01% 65 $46K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 278 $44K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 1,159 $43K No change
MMM 3M Co. 0.01% 290 $42K No change
HON Honeywell International Inc. 0.01% 165 $37K No change
LLY Eli Lilly & Co. 0.01% 40 $37K No change
FAST Fastenal Co. 0.01% 784 $36K No change
WMT Walmart Inc. 0.01% 255 $32K No change
WHR Whirlpool Corp. 0.01% 559 $30K No change
LRLCY L'oreal-Unsponsored ADR 0.00% 256 $21K No change
NSRGY Nestle SA-Spons ADR 0.00% 210 $21K No change
WSO Watsco Inc. 0.00% 50 $18K No change
XRAY Dentsply Sirona Inc. 0.00% 1,451 $17K No change
LULU Lululemon Athletica Inc. 0.00% 85 $13K No change
PSA Public Storage 0.00% 27 $7K No change
COIN Coinbase Global Inc. Class A 0.00% 12 $2K No change
SRAD Sportradar Group AG-A 0.00% 125 $2K New
PENN Penn Entertainment Inc. 0.00% 119 $2K No change
XYZ Block Inc. 0.00% 29 $2K No change
TRANSTEL SA COMMON 0.00% 33 $33 No change

Portfolio Sells Q4 2025 → Q1 2026
JPM JPMorgan Chase & Co. Reduce -60.2% 2.60% −3.74
GOOGL Alphabet Inc. Class A Reduce -16.3% 13.44% −2.04
AAPL Apple Inc. Reduce -33.0% 2.45% −1.02
APH Amphenol Corp. Class A Reduce -17.1% 6.16% −0.88
MA Mastercard Inc. Class A Reduce -0.5% 6.84% −0.12
CME Cme Group Inc. Reduce -42.3% 0.13% −0.06
DHR Danaher Corp. Reduce -1.4% 0.21% −0.02
GOOG Alphabet Inc. Class C Reduce -27.5% 0.03% −0.01
EA Electronic Arts Inc. Sold out 0.00% −0.00
ENVX Enovix Corp. Sold out 0.00% −0.00
REZI Resideo Technologies Inc. Sold out 0.00% −0.00
GTX Garrett Motion Inc. Sold out 0.00% 0.00
WAB Wabtec Corp. Sold out 0.00% 0.00
EW Edwards Lifesciences Corp. Reduce -0.3% 2.92% +0.16
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 15.93% +1.05

Portfolio Buys Q4 2025 → Q1 2026
AMZN Amazon.com Inc. Add +28.1% 11.47% +2.68
ROP Roper Technologies Inc. Add +52.4% 8.55% +2.30
META Meta Platforms Inc. Class A Add +42.1% 4.41% +1.24
MSFT Microsoft Corp. Add +22.1% 9.15% +0.48
SYK Stryker Corp. Add +0.5% 5.42% +0.31
CRH CRH PLC Add +16.5% 0.32% +0.03
SRAD Sportradar Group AG-A New 0.00% +0.00
BN Brookfield Corp. Add +0.1% 0.68% −0.00
IDXX Idexx Laboratories Inc. Add +0.9% 7.73% −0.44

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