Ravenstone Capital Management Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed June 26, 2026), Ravenstone Capital Management Inc. reported 33 stock positions worth $166.2 million. Its top holding was Microsoft (MSFT) at 8.6% of the portfolio, followed by Visa Class A (V, 7.6%) and Alphabet Class C (GOOG, 6.7%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 17 and reduced 3. The biggest buy was Zoetis (ZTS, shares +26%) and the biggest sale an exit from Walt Disney (DIS).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0002086041
Portfolio Value
$166.2M (Q3 2024)
SEC Filing
0002086041-26-000014 ↗ 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 Q2 2024 Q3 2024: $166.2M $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 · $166.2M
MSFT Microsoft Corp. 8.58% 33,137 $14.3M Add +2.3%
V Visa Inc. Class A 7.62% 46,047 $12.7M Add +6.5%
GOOG Alphabet Inc. Class C 6.68% 66,375 $11.1M Add +1.3%
DHR Danaher Corp. 6.62% 39,582 $11.0M Add +4.6%
TMO Thermo Fisher Scientific Inc. 6.38% 17,139 $10.6M Add +3.4%
AAPL Apple Inc. 5.78% 41,261 $9.6M Add +0.3%
APH Amphenol Corp. Class A 5.77% 147,185 $9.6M Reduce -9.7%
ZTS Zoetis Inc. 5.51% 46,850 $9.2M Add +26.0%
CNI Canadian Natl Railway Co. 5.03% 71,233 $8.4M Add +18.4%
HD Home Depot Inc. 5.01% 20,565 $8.3M Add +15.1%
SPGI S&P Global Inc. 4.99% 16,040 $8.3M Add +25.6%
SHW The Sherwin-Williams Co. 4.87% 21,210 $8.1M Add +4.4%
RY Royal Bank of Canada 4.79% 63,667 $8.0M Reduce -0.6%
WCN Waste Connections Inc. 4.63% 42,984 $7.7M Add +4.7%
CP Canadian Pacific Kansas City 4.62% 89,710 $7.7M Add +15.9%
FTNT Fortinet Inc. 4.48% 96,105 $7.5M Add +0.4%
ISRG Intuitive Surgical Inc. 4.46% 15,104 $7.4M Reduce -10.6%
FAST Fastenal Co. 3.40% 79,110 $5.7M Add +15.7%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.27% 8,153 $445K Add +0.4%
GOOGL Alphabet Inc. Class A 0.17% 1,740 $289K No change
COST Costco Wholesale Corp. 0.12% 216 $191K No change
CASY Casey's General Stores Inc. 0.10% 450 $169K No change
TD Toronto-Dominion Bank 0.06% 1,476 $93K Add +73.4%
AFRM Affirm Holdings Inc. 0.02% 795 $32K No change
NVDA Nvidia Corp. 0.01% 200 $24K No change
TLT iShares 20+ Year Treasury BD 0.01% 180 $18K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 38 $17K No change
TSLA Tesla Inc. 0.00% 30 $8K No change
SNDL SNDL Inc. 0.00% 383 $790 No change
SNAP Snap Inc. Class A 0.00% 35 $374 No change
ROKU Roku Inc. 0.00% 4 $299 No change
ABVEF Above Food Ingredients Inc. 0.00% 105 $61 New
CGC Canopy Growth Corp. 0.00% 10 $48 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $4 (not counted above)
SecurityClassShares / PrincipalValueChange
LFLYW Merida Merger Corp. I -CW26 *W EXP 02/04/202 125$4No change

Total filed on the 13F, all lines: $166.2M.

Portfolio Sells Q2 2024 → Q3 2024
DIS The Walt Disney Co. Sold out 0.00% −2.42
APH Amphenol Corp. Class A Reduce -9.7% 5.77% −1.55
ISRG Intuitive Surgical Inc. Reduce -10.6% 4.46% −0.54
RY Royal Bank of Canada Reduce -0.6% 4.79% +0.25

Portfolio Buys Q2 2024 → Q3 2024
ZTS Zoetis Inc. Add +26.0% 5.51% +1.21
SPGI S&P Global Inc. Add +25.6% 4.99% +1.19
HD Home Depot Inc. Add +15.1% 5.01% +0.92
SHW The Sherwin-Williams Co. Add +4.4% 4.87% +0.83
FTNT Fortinet Inc. Add +0.4% 4.48% +0.64
CP Canadian Pacific Kansas City Add +15.9% 4.62% +0.56
FAST Fastenal Co. Add +15.7% 3.40% +0.54
DHR Danaher Corp. Add +4.6% 6.62% +0.32
CNI Canadian Natl Railway Co. Add +18.4% 5.03% +0.29
TMO Thermo Fisher Scientific Inc. Add +3.4% 6.38% +0.27
V Visa Inc. Class A Add +6.5% 7.62% +0.06
TD Toronto-Dominion Bank Add +73.4% 0.06% +0.03
BNS Bank of Nova Scotia Add +0.4% 0.27% +0.02
AAPL Apple Inc. Add +0.3% 5.78% +0.01
ABVEF Above Food Ingredients Inc. New 0.00% 0.00
WCN Waste Connections Inc. Add +4.7% 4.63% −0.17
MSFT Microsoft Corp. Add +2.3% 8.58% −1.07
GOOG Alphabet Inc. Class C Add +1.3% 6.68% −1.33

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