Portland Investment Counsel Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Portland Investment Counsel Inc. reported 52 stock positions worth $277.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 15.7% of the portfolio, followed by AT&T (T, 8.9%) and Verizon Communications (VZ, 8.2%). Compared with Q1 2024, it opened 2 new positions, sold out of 2, added to 12 and reduced 21. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +3%) and the biggest sale Meta Platforms Class A (META, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGTON, A6
- CIK
- 0001081668
- Portfolio Value
- $277.5M (Q2 2024)
- SEC Filing
- 0001081668-24-000010 ↗ filed Aug 14, 2024
Holdings Value
Holdings 52 stocks · $277.5M
| BRK.B Berkshire Hathaway Inc. Class B | 15.67% | 106,908 | $43.5M | Add +2.7% |
| T AT&T Inc. | 8.92% | 1,295,600 | $24.8M | Reduce -10.1% |
| VZ Verizon Communications Inc. | 8.19% | 550,800 | $22.7M | Reduce -11.0% |
| C Citigroup Inc. | 7.89% | 345,000 | $21.9M | Reduce -19.7% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 6.98% | 423,391 | $19.4M | No change |
| NTR Nutrien Ltd. | 5.63% | 307,000 | $15.6M | No change |
| BAM Brookfield Asset Mgmt-A | 5.40% | 394,150 | $15.0M | Reduce -0.0% |
| DHR Danaher Corp. | 4.72% | 52,454 | $13.1M | No change |
| CVS CVS Health Corp. | 4.18% | 196,600 | $11.6M | Add +1.4% |
| MGA Magna International Inc. | 4.08% | 270,311 | $11.3M | Add +52.1% |
| TD Toronto-Dominion Bank | 3.80% | 191,800 | $10.5M | Add +75.2% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 3.80% | 221,617 | $10.5M | Reduce -41.6% |
| SBUX Starbucks Corp. | 3.13% | 111,673 | $8.7M | Reduce -54.3% |
| ADM Archer-Daniels-Midland Co. | 2.33% | 107,055 | $6.5M | Reduce -47.3% |
| ARES Ares Management Corp. Class A | 2.04% | 42,393 | $5.7M | No change |
| DHI D.R. Horton Inc. | 1.82% | 35,753 | $5.0M | No change |
| TRP TC Energy Corp. | 1.40% | 102,700 | $3.9M | New |
| BN Brookfield Corp. | 0.90% | 60,219 | $2.5M | Reduce -0.3% |
| RDNT Radnet Inc. | 0.73% | 34,500 | $2.0M | No change |
| CCL Carnival Corp. | 0.61% | 90,702 | $1.7M | No change |
| GOOGL Alphabet Inc. Class A | 0.54% | 8,266 | $1.5M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 0.50% | 7,120 | $1.4M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 0.48% | 2,626 | $1.3M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 0.46% | 6,251 | $1.3M | Reduce -0.8% |
| RY Royal Bank of Canada | 0.43% | 11,260 | $1.2M | Reduce -50.0% |
| AAPL Apple Inc. | 0.39% | 5,134 | $1.1M | Reduce -0.9% |
| NOMD Nomad Foods Ltd. | 0.39% | 65,601 | $1.1M | No change |
| GS Goldman Sachs Group Inc. | 0.37% | 2,251 | $1.0M | Reduce -0.8% |
| BTE Baytex Energy Corp. | 0.35% | 280,300 | $971K | No change |
| MSFT Microsoft Corp. | 0.34% | 2,137 | $955K | Reduce -0.8% |
| VRN Veren Inc. | 0.31% | 108,080 | $852K | No change |
| LNTH Lantheus Holdings Inc. | 0.29% | 10,000 | $803K | Add +33.3% |
| TSLA Tesla Inc. | 0.28% | 3,915 | $775K | Reduce -0.8% |
| CATX Perspective Therapeutics Inc. | 0.25% | 70,001 | $698K | Reduce -79.6% |
| LILAK Liberty Latin Americ Class C | 0.25% | 71,324 | $685K | Reduce -2.0% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.24% | 8,000 | $671K | No change |
| MA Mastercard Inc. Class A | 0.22% | 1,363 | $601K | Reduce -0.8% |
| CCJ Cameco Corp. | 0.21% | 12,000 | $590K | Add +14.3% |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.20% | 269,679 | $550K | No change |
| AMGEN INC | 0.17% | 1,500 | $469K | Add +50.0% |
| SMR Nuscale Power Corp. | 0.17% | 40,000 | $468K | No change |
| BBIO Bridgebio Pharma Inc. | 0.14% | 15,000 | $380K | Add +114.3% |
| REGN Regeneron Pharmaceuticals | 0.12% | 324 | $341K | Reduce -0.9% |
| CEG Constellation Energy | 0.11% | 1,500 | $300K | No change |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 0.10% | 2,000 | $285K | Add +33.3% |
| BWXT BWX Technologies Inc. | 0.10% | 3,000 | $285K | Add +50.0% |
| LEU Centrus Energy Corp. Class A | 0.10% | 6,500 | $278K | No change |
| IOVA Iovance Biotherapeutics Inc. | 0.09% | 30,000 | $241K | Add +100.0% |
| SU Suncor Energy Inc. | 0.08% | 5,600 | $213K | No change |
| OKLO Oklo Inc. | 0.06% | 20,000 | $169K | New |
| PLUG Plug Power Inc. | 0.04% | 50,000 | $117K | Add +66.7% |
| LUMN Lumen Technologies Inc. | 0.01% | 14,000 | $15K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| META Meta Platforms Inc. Class A | Reduce -0.9% | 0.48% | −6.24 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −5.79 |
| ARVN Arvinas Inc. | Sold out | 0.00% | −4.99 |
| JPM JPMorgan Chase & Co. | Reduce -0.8% | 0.46% | −4.56 |
| BN Brookfield Corp. | Reduce -0.3% | 0.90% | −3.75 |
| SBUX Starbucks Corp. | Reduce -54.3% | 3.13% | −3.58 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 0.54% | −1.38 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 0.22% | −0.47 |
| RY Royal Bank of Canada | Reduce -50.0% | 0.43% | −0.25 |
| GS Goldman Sachs Group Inc. | Reduce -0.8% | 0.37% | −0.02 |
| REGN Regeneron Pharmaceuticals | Reduce -0.9% | 0.12% | +0.03 |
| TSLA Tesla Inc. | Reduce -0.8% | 0.28% | +0.07 |
| CATX Perspective Therapeutics Inc. | Reduce -79.6% | 0.25% | +0.13 |
| LILAK Liberty Latin Americ Class C | Reduce -2.0% | 0.25% | +0.22 |
| MSFT Microsoft Corp. | Reduce -0.8% | 0.34% | +0.28 |
| AAPL Apple Inc. | Reduce -0.9% | 0.39% | +0.32 |
| VZ Verizon Communications Inc. | Reduce -11.0% | 8.19% | +0.37 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 0.50% | +0.43 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.0% | 5.40% | +1.46 |
| ADM Archer-Daniels-Midland Co. | Reduce -47.3% | 2.33% | +2.03 |
| CM Can Imperial BK of Commerce | Reduce -41.6% | 3.80% | +3.73 |
| C Citigroup Inc. | Reduce -19.7% | 7.89% | +7.74 |
| T AT&T Inc. | Reduce -10.1% | 8.92% | +8.86 |
Portfolio Buys Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.7% | 15.67% | +15.59 |
| MGA Magna International Inc. | Add +52.1% | 4.08% | +3.99 |
| CVS CVS Health Corp. | Add +1.4% | 4.18% | +3.98 |
| TD Toronto-Dominion Bank | Add +75.2% | 3.80% | +1.81 |
| TRP TC Energy Corp. | New | 1.40% | +1.40 |
| LNTH Lantheus Holdings Inc. | Add +33.3% | 0.29% | +0.17 |
| OKLO Oklo Inc. | New | 0.06% | +0.06 |
| IOVA Iovance Biotherapeutics Inc. | Add +100.0% | 0.09% | +0.02 |
| PLUG Plug Power Inc. | Add +66.7% | 0.04% | +0.01 |
| CCJ Cameco Corp. | Add +14.3% | 0.21% | −0.07 |
| BBIO Bridgebio Pharma Inc. | Add +114.3% | 0.14% | −0.14 |
| BWXT BWX Technologies Inc. | Add +50.0% | 0.10% | −1.67 |
| ONC Beone Medicines Ltd.-ADR | Add +33.3% | 0.10% | −8.07 |
| AMGEN INC | Add +50.0% | 0.17% | −13.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 58 | $357.9M | CI, BRK.B, VZ, SOBO, OKLO |
| Q1 2026 | 55 | $311.6M | BRK.B, VZ, SOBO, OKLO, CI |
| Q4 2025 | 53 | $332.1M | BRK.B, OKLO, VZ, BAM, SOBO |
| Q3 2025 | 52 | $365.4M | OKLO, BRK.B, BNS, BAM, TD |
| Q2 2025 | 48 | $340.0M | BRK.B, OKLO, MGA, TD, SOBO |
| Q1 2025 | 49 | $329.2M | BRK.B, CI, SOBO, TD, ELV |
| Q4 2024 | 52 | $389.8M | BRK.B, CI, SOBO, TD, KHC |
| Q3 2024 | 51 | $278.4M | BRK.B, T, VZ, BNS, C |
| Q2 2024 | 52 | $277.5M | BRK.B, T, VZ, C, BNS |
| Q1 2024 | 52 | $332.4M | AMGEN INC, ONC, NTR, VZ, META |