Ravenstone Capital Management Inc. In its 13F for Q1 2024 (holdings as of March 31, 2024, filed June 26, 2026), Ravenstone Capital Management Inc. reported 34 stock positions worth $150.2 million . Its top holding was Microsoft (MSFT) at 9.2% of the portfolio, followed by Visa Class A (V, 8.2% ) and Alphabet Class C (GOOG, 6.7% ). Compared with Q4 2023, it opened 2 new positions, sold out of 1, added to 14 and reduced 9. The biggest buy was a new position in S&P Global (SPGI) and the biggest sale an exit from Nike Class B (NKE).
Location TORONTO, A6
CIK 0002086041
Portfolio Value $150.2M (Q1 2024) Holdings 34 stocks · $150.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 MSFT Microsoft Corp. 32,994 $13.9M Reduce -0.3% V Visa Inc. Class A 43,887 $12.2M Add +0.4% GOOG Alphabet Inc. Class C 66,525 $10.1M Add +0.5% APH Amphenol Corp. Class A 87,485 $10.1M Reduce -0.7% TMO Thermo Fisher Scientific Inc. 16,584 $9.6M Add +0.4% DHR Danaher Corp. 38,247 $9.6M Add +0.3% CNI Canadian Natl Railway Co. 58,120 $7.7M Add +0.9% AAPL Apple Inc. 41,506 $7.1M Add +0.7% SHW The Sherwin-Williams Co. 20,395 $7.1M Reduce -0.6% WCN Waste Connections Inc. 40,999 $7.1M Add +0.9% HD Home Depot Inc. 17,825 $6.8M Add +1.5% ISRG Intuitive Surgical Inc. 17,009 $6.8M Reduce -8.5% CP Canadian Pacific Kansas City 74,475 $6.6M Add +1.4% FTNT Fortinet Inc. 95,630 $6.5M Reduce -0.2% RY Royal Bank of Canada 63,474 $6.4M Add +0.2% ZTS Zoetis Inc. 37,365 $6.3M Add +0.9% FAST Fastenal Co. 67,685 $5.2M Add +12.9% SPGI S&P Global Inc. 12,260 $5.2M New DIS The Walt Disney Co. filed as DISNEY WALT CO 36,920 $4.5M Add +2.4% BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 12,374 $641K Reduce -15.1% GOOGL Alphabet Inc. Class A 1,740 $263K Reduce -14.7% COST Costco Wholesale Corp. 216 $158K No change CASY Casey's General Stores Inc. 350 $111K New TD Toronto-Dominion Bank 851 $51K Reduce -28.9% AXP American Express Co. 200 $46K No change AFRM Affirm Holdings Inc. 795 $30K No change NVDA Nvidia Corp. 20 $18K No change TLT iShares 20+ Year Treasury BD 180 $17K Add +80.0% BRK.B Berkshire Hathaway Inc. Class B 38 $16K No change GFS Globalfoundries Inc. 225 $12K Reduce -50.0% TSLA Tesla Inc. 30 $5K No change SNDL SNDL Inc. 383 $768 No change SNAP Snap Inc. Class A 35 $402 No change CGC Canopy Growth Corp. 10 $86 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $4 (not counted above) Security Class Shares / Principal Value Change LFLYW Merida Merger Corp. I -CW26 *W EXP 02/04/202 125 $4 New
Total filed on the 13F, all lines: $150.2M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ NKE Nike Inc. Class B Sold out 0.00% −3.52 BNS Bank of Nova Scotia Reduce -15.1% 0.43% −0.09 GOOGL Alphabet Inc. Class A Reduce -14.7% 0.17% −0.03 ISRG Intuitive Surgical Inc. Reduce -8.5% 4.52% −0.02 TD Toronto-Dominion Bank Reduce -28.9% 0.03% −0.02 GFS Globalfoundries Inc. Reduce -50.0% 0.01% −0.01 SHW The Sherwin-Williams Co. Reduce -0.6% 4.72% +0.08 MSFT Microsoft Corp. Reduce -0.3% 9.24% +0.23 FTNT Fortinet Inc. Reduce -0.2% 4.35% +0.28 APH Amphenol Corp. Class A Reduce -0.7% 6.72% +0.39
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ SPGI S&P Global Inc. New 3.47% +3.47 FAST Fastenal Co. Add +12.9% 3.48% +0.66 DIS The Walt Disney Co. Add +2.4% 3.01% +0.65 WCN Waste Connections Inc. Add +0.9% 4.70% +0.29 CP Canadian Pacific Kansas City Add +1.4% 4.37% +0.15 HD Home Depot Inc. Add +1.5% 4.55% +0.14 CASY Casey's General Stores Inc. New 0.07% +0.07 TMO Thermo Fisher Scientific Inc. Add +0.4% 6.42% +0.06 TLT iShares 20+ Year Treasury BD Add +80.0% 0.01% +0.00 GOOG Alphabet Inc. Class C Add +0.5% 6.74% −0.01 DHR Danaher Corp. Add +0.3% 6.36% −0.03 V Visa Inc. Class A Add +0.4% 8.15% −0.09 CNI Canadian Natl Railway Co. Add +0.9% 5.10% −0.16 RY Royal Bank of Canada Add +0.2% 4.26% −0.39 AAPL Apple Inc. Add +0.7% 4.74% −1.01 ZTS Zoetis Inc. Add +0.9% 4.21% −1.09
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ LFLYW Merida Merger Corp. I -CW26 *W EXP 02/04/202 New 125 $4
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 53 $244.4M V, APH, GOOG, RY, FTNT Q1 2026 54 $200.2M V, MSFT, GOOG, RY, APH Q4 2025 40 $219.2M GOOG, V, MSFT, APH, TMO Q3 2025 39 $204.3M MSFT, V, GOOG, APH, BN Q2 2025 45 $190.5M MSFT, V, APH, GOOG, SPGI Q1 2025 87 $171.8M V, MSFT, SPGI, APH, GOOG Q4 2024 85 $174.0M V, MSFT, GOOG, AAPL, APH Q3 2024 33 $166.2M MSFT, V, GOOG, DHR, TMO Q2 2024 33 $150.1M MSFT, GOOG, V, APH, DHR Q1 2024 34 $150.2M MSFT, V, GOOG, APH, TMO