Ravenstone Capital Management Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed June 26, 2026), Ravenstone Capital Management Inc. reported 33 stock positions worth $150.1 million. Its top holding was Microsoft (MSFT) at 9.6% of the portfolio, followed by Alphabet Class C (GOOG, 8.0%) and Visa Class A (V, 7.6%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 9 and reduced 12. The biggest buy was S&P Global (SPGI, shares +4%) and the biggest sale Sherwin-Williams (SHW, shares −0%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0002086041
Portfolio Value
$150.1M (Q2 2024)
SEC Filing
0002086041-26-000013 ↗ filed Jun 26, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $150.2M Q1 2024 Q2 2024: $150.1M $150.1M Q2 2024 Q3 2024: $166.2M Q3 2024 Q4 2024: $174.0M Q4 2024 Q1 2025: $171.8M Q1 2025 Q2 2025: $190.5M Q2 2025 Q3 2025: $204.3M Q3 2025 Q4 2025: $219.2M Q4 2025 Q1 2026: $200.2M Q1 2026 Q2 2026: $244.4M Q2 2026

Holdings 33 stocks · $150.1M
MSFT Microsoft Corp. 9.65% 32,384 $14.5M Reduce -1.9%
GOOG Alphabet Inc. Class C 8.01% 65,540 $12.0M Reduce -1.5%
V Visa Inc. Class A 7.56% 43,222 $11.3M Reduce -1.5%
APH Amphenol Corp. Class A 7.32% 162,970 $11.0M Reduce -6.9%
DHR Danaher Corp. 6.30% 37,857 $9.5M Reduce -1.0%
TMO Thermo Fisher Scientific Inc. 6.11% 16,569 $9.2M Reduce -0.1%
AAPL Apple Inc. 5.77% 41,131 $8.7M Reduce -0.9%
ISRG Intuitive Surgical Inc. 5.01% 16,894 $7.5M Reduce -0.7%
WCN Waste Connections Inc. 4.80% 41,054 $7.2M Add +0.1%
CNI Canadian Natl Railway Co. 4.73% 60,158 $7.1M Add +3.5%
RY Royal Bank of Canada 4.54% 64,032 $6.8M Add +0.9%
ZTS Zoetis Inc. 4.30% 37,190 $6.4M Reduce -0.5%
HD Home Depot Inc. 4.10% 17,865 $6.1M Add +0.2%
CP Canadian Pacific Kansas City 4.06% 77,425 $6.1M Add +4.0%
SHW The Sherwin-Williams Co. 4.04% 20,315 $6.1M Reduce -0.4%
FTNT Fortinet Inc. 3.84% 95,705 $5.8M Add +0.1%
SPGI S&P Global Inc. 3.80% 12,770 $5.7M Add +4.2%
FAST Fastenal Co. 2.86% 68,355 $4.3M Add +1.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.42% 36,650 $3.6M Reduce -0.7%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.25% 8,118 $371K Reduce -34.4%
GOOGL Alphabet Inc. Class A 0.21% 1,740 $317K No change
COST Costco Wholesale Corp. 0.12% 216 $184K No change
CASY Casey's General Stores Inc. 0.11% 450 $172K Add +28.6%
TD Toronto-Dominion Bank 0.03% 851 $47K No change
NVDA Nvidia Corp. 0.02% 200 $25K No change
AFRM Affirm Holdings Inc. 0.02% 795 $24K No change
TLT iShares 20+ Year Treasury BD 0.01% 180 $17K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 38 $15K No change
TSLA Tesla Inc. 0.00% 30 $6K No change
SNDL SNDL Inc. 0.00% 383 $728 No change
SNAP Snap Inc. Class A 0.00% 35 $581 No change
ROKU Roku Inc. 0.00% 4 $240 New
CGC Canopy Growth Corp. 0.00% 10 $65 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $2 (not counted above)
SecurityClassShares / PrincipalValueChange
LFLYW Merida Merger Corp. I -CW26 *W EXP 02/04/202 125$2No change

Total filed on the 13F, all lines: $150.1M.

Portfolio Sells Q1 2024 → Q2 2024
SHW The Sherwin-Williams Co. Reduce -0.4% 4.04% −0.68
V Visa Inc. Class A Reduce -1.5% 7.56% −0.59
DIS The Walt Disney Co. Reduce -0.7% 2.42% −0.58
TMO Thermo Fisher Scientific Inc. Reduce -0.1% 6.11% −0.31
BNS Bank of Nova Scotia Reduce -34.4% 0.25% −0.18
DHR Danaher Corp. Reduce -1.0% 6.30% −0.05
AXP American Express Co. Sold out 0.00% −0.03
GFS Globalfoundries Inc. Sold out 0.00% −0.01
ZTS Zoetis Inc. Reduce -0.5% 4.30% +0.09
MSFT Microsoft Corp. Reduce -1.9% 9.65% +0.41
ISRG Intuitive Surgical Inc. Reduce -0.7% 5.01% +0.49
APH Amphenol Corp. Class A Reduce -6.9% 7.32% +0.60
AAPL Apple Inc. Reduce -0.9% 5.77% +1.04
GOOG Alphabet Inc. Class C Reduce -1.5% 8.01% +1.27

Portfolio Buys Q1 2024 → Q2 2024
SPGI S&P Global Inc. Add +4.2% 3.80% +0.32
RY Royal Bank of Canada Add +0.9% 4.54% +0.28
WCN Waste Connections Inc. Add +0.1% 4.80% +0.10
CASY Casey's General Stores Inc. Add +28.6% 0.11% +0.04
ROKU Roku Inc. New 0.00% +0.00
CP Canadian Pacific Kansas City Add +4.0% 4.06% −0.31
CNI Canadian Natl Railway Co. Add +3.5% 4.73% −0.36
HD Home Depot Inc. Add +0.2% 4.10% −0.45
FTNT Fortinet Inc. Add +0.1% 3.84% −0.50
FAST Fastenal Co. Add +1.0% 2.86% −0.61

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 53$244.4MV, APH, GOOG, RY, FTNT
Q1 2026 54$200.2MV, MSFT, GOOG, RY, APH
Q4 2025 40$219.2MGOOG, V, MSFT, APH, TMO
Q3 2025 39$204.3MMSFT, V, GOOG, APH, BN
Q2 2025 45$190.5MMSFT, V, APH, GOOG, SPGI
Q1 2025 87$171.8MV, MSFT, SPGI, APH, GOOG
Q4 2024 85$174.0MV, MSFT, GOOG, AAPL, APH
Q3 2024 33$166.2MMSFT, V, GOOG, DHR, TMO
Q2 2024 33$150.1MMSFT, GOOG, V, APH, DHR
Q1 2024 34$150.2MMSFT, V, GOOG, APH, TMO