Ravenstone Capital Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed June 26, 2026), Ravenstone Capital Management Inc. reported 85 stock positions worth $174.0 million. Its top holding was Visa Class A (V) at 8.5% of the portfolio, followed by Microsoft (MSFT, 8.1%) and Alphabet Class C (GOOG, 7.4%). Compared with Q3 2024, it opened 53 new positions, sold out of 1 and added to 24. The biggest buy was Visa Class A (V, shares +1%) and the biggest sale an exit from Affirm (AFRM).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0002086041
Portfolio Value
$174.0M (Q4 2024)
SEC Filing
0002086041-26-000015 ↗ 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 Q3 2024 Q4 2024: $174.0M $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 85 stocks · $174.0M
V Visa Inc. Class A 8.48% 46,672 $14.8M Add +1.4%
MSFT Microsoft Corp. 8.12% 33,532 $14.1M Add +1.2%
GOOG Alphabet Inc. Class C 7.37% 67,340 $12.8M Add +1.4%
AAPL Apple Inc. 6.00% 41,691 $10.4M Add +1.0%
APH Amphenol Corp. Class A 5.95% 149,190 $10.4M Add +1.4%
DHR Danaher Corp. 5.32% 40,312 $9.3M Add +1.8%
FTNT Fortinet Inc. 5.25% 96,780 $9.1M Add +0.7%
SPGI S&P Global Inc. 5.24% 18,315 $9.1M Add +14.2%
TMO Thermo Fisher Scientific Inc. 5.22% 17,462 $9.1M Add +1.9%
HD Home Depot Inc. 4.70% 21,005 $8.2M Add +2.1%
ZTS Zoetis Inc. 4.67% 49,915 $8.1M Add +6.5%
ISRG Intuitive Surgical Inc. 4.56% 15,190 $7.9M Add +0.6%
RY Royal Bank of Canada 4.49% 64,946 $7.8M Add +2.0%
WCN Waste Connections Inc. 4.31% 43,854 $7.5M Add +2.0%
SHW The Sherwin-Williams Co. 4.28% 21,930 $7.5M Add +3.4%
CNI Canadian Natl Railway Co. 4.25% 72,938 $7.4M Add +2.4%
CP Canadian Pacific Kansas City 3.95% 95,110 $6.9M Add +6.0%
FAST Fastenal Co. 3.35% 80,960 $5.8M Add +2.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.38% 12,448 $667K Add +52.7%
GOOGL Alphabet Inc. Class A 0.37% 3,440 $651K Add +97.7%
META Meta Platforms Inc. Class A 0.20% 600 $351K New
CRWD CrowdStrike Holdings Inc. Class A 0.17% 850 $291K New
CHI Calamos Convert Opport & Inc. 0.16% 23,000 $275K New
TWLO Twilio Inc. Class A 0.16% 2,500 $270K New
ADSK Autodesk Inc. 0.14% 800 $236K New
NVDA Nvidia Corp. 0.13% 1,700 $228K Add +750.0%
COST Costco Wholesale Corp. 0.11% 216 $198K No change
GTLS Chart Industries Inc. 0.11% 1,000 $191K New
GLW Corning Inc. 0.11% 4,000 $190K New
CASY Casey's General Stores Inc. 0.10% 450 $178K No change
NTRS Northern Trust Corp. 0.10% 1,700 $174K New
TEAM Atlassian Corp. Class A 0.10% 700 $170K New
MELI MercadoLibre Inc. 0.10% 100 $170K New
FNV Franco-Nevada Corp. 0.09% 1,400 $164K New
CDNS Cadence Design SYS Inc. 0.09% 500 $150K New
ZG Zillow Group Inc. Class A 0.08% 2,000 $142K New
AMZN Amazon.com Inc. 0.08% 640 $140K New
ENB Enbridge Inc. 0.07% 3,000 $127K New
GBCI Glacier Bancorp Inc. 0.07% 2,500 $126K New
GNRC Generac Holdings Inc. 0.07% 800 $124K New
MARA Mara Holdings Inc. 0.07% 7,000 $117K New
VRNS Varonis Systems Inc. 0.07% 2,600 $116K New
JEPI JPMorgan Equity Premium Inco 0.07% 2,000 $115K New
FLS Flowserve Corp. 0.07% 2,000 $115K New
BKLN Invesco Senior Loan ETF 0.06% 5,000 $105K New
AMGN Amgen Inc. 0.06% 400 $104K New
TLH iShares 10-20 Year Treasury 0.06% 1,000 $100K New
TLT iShares 20+ Year Treasury BD 0.06% 1,120 $98K Add +522.2%
AGG iShares Core U.S. Aggregate 0.06% 1,000 $97K New
TD Toronto-Dominion Bank 0.05% 1,780 $95K Add +20.6%
VET Vermilion Energy Inc. 0.05% 10,000 $94K New
TRP TC Energy Corp. 0.05% 2,000 $93K New
IEF iShares 7-10 Year Treasury B 0.05% 1,000 $92K New
EMB iShares JP Morgan Usd Emergi 0.05% 1,000 $89K New
KMT Kennametal Inc. 0.05% 3,500 $84K New
FISV Fiserv Inc. 0.05% 400 $82K New
SBR Sabine Royalty Trust 0.04% 1,200 $78K New
MRVL Marvell Technology Inc. 0.04% 700 $77K New
JPM JPMorgan Chase & Co. 0.04% 300 $72K New
RNG Ringcentral Inc. Class A 0.04% 2,000 $70K New
AX Axos Financial Inc. 0.04% 1,000 $70K New
HIVE Hive Digital Technologies LT 0.03% 20,000 $57K New
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.03% 1,000 $56K New
DNN Denison Mines Corp. 0.03% 30,000 $54K New
ZS Zscaler Inc. 0.03% 300 $54K New
REGN Regeneron Pharmaceuticals 0.03% 70 $50K New
FSV Firstservice Corp. 0.03% 250 $45K New
CVX Chevron Corp. 0.03% 300 $43K New
NET Cloudflare Inc. Class A 0.02% 400 $43K New
MRNA Moderna Inc. 0.02% 1,000 $42K New
ABBV Abbvie Inc. 0.02% 200 $36K New
KRO Kronos Worldwide Inc. 0.02% 3,500 $34K New
UNH Unitedhealth Group Inc. 0.01% 50 $25K New
NUE Nucor Corp. 0.01% 200 $23K New
ULTA Ulta Beauty Inc. 0.01% 40 $17K New
BRK.B Berkshire Hathaway Inc. Class B 0.01% 38 $17K No change
L Loews Corp. 0.01% 200 $17K New
VLO Valero Energy Corp. 0.01% 100 $12K New
TSLA Tesla Inc. 0.01% 30 $12K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 250 $10K New
SNDL SNDL Inc. 0.00% 383 $685 No change
ABVEF Above Food Ingredients Inc. 0.00% 1,051 $568 Add +901.0%
SNAP Snap Inc. Class A 0.00% 35 $377 No change
ROKU Roku Inc. 0.00% 4 $297 No change
CGC Canopy Growth Corp. 0.00% 10 $27 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: $174.0M.

Portfolio Sells Q3 2024 → Q4 2024
AFRM Affirm Holdings Inc. Sold out 0.00% −0.02

Portfolio Buys Q3 2024 → Q4 2024
V Visa Inc. Class A Add +1.4% 8.48% +0.86
FTNT Fortinet Inc. Add +0.7% 5.25% +0.77
GOOG Alphabet Inc. Class C Add +1.4% 7.37% +0.69
SPGI S&P Global Inc. Add +14.2% 5.24% +0.26
AAPL Apple Inc. Add +1.0% 6.00% +0.21
META Meta Platforms Inc. Class A New 0.20% +0.20
GOOGL Alphabet Inc. Class A Add +97.7% 0.37% +0.20
APH Amphenol Corp. Class A Add +1.4% 5.95% +0.18
CRWD CrowdStrike Holdings Inc. Class A New 0.17% +0.17
CHI Calamos Convert Opport & Inc. New 0.16% +0.16
TWLO Twilio Inc. Class A New 0.16% +0.16
ADSK Autodesk Inc. New 0.14% +0.14
NVDA Nvidia Corp. Add +750.0% 0.13% +0.12
BNS Bank of Nova Scotia Add +52.7% 0.38% +0.12
GTLS Chart Industries Inc. New 0.11% +0.11
GLW Corning Inc. New 0.11% +0.11
NTRS Northern Trust Corp. New 0.10% +0.10
TEAM Atlassian Corp. Class A New 0.10% +0.10
MELI MercadoLibre Inc. New 0.10% +0.10
FNV Franco-Nevada Corp. New 0.09% +0.09
ISRG Intuitive Surgical Inc. Add +0.6% 4.56% +0.09
CDNS Cadence Design SYS Inc. New 0.09% +0.09
ZG Zillow Group Inc. Class A New 0.08% +0.08
AMZN Amazon.com Inc. New 0.08% +0.08
ENB Enbridge Inc. New 0.07% +0.07
GBCI Glacier Bancorp Inc. New 0.07% +0.07
GNRC Generac Holdings Inc. New 0.07% +0.07
MARA Mara Holdings Inc. New 0.07% +0.07
VRNS Varonis Systems Inc. New 0.07% +0.07
FLS Flowserve Corp. New 0.07% +0.07
JEPI JPMorgan Equity Premium Inco New 0.07% +0.07
BKLN Invesco Senior Loan ETF New 0.06% +0.06
AMGN Amgen Inc. New 0.06% +0.06
TLH iShares 10-20 Year Treasury New 0.06% +0.06
AGG iShares Core U.S. Aggregate New 0.06% +0.06
VET Vermilion Energy Inc. New 0.05% +0.05
TRP TC Energy Corp. New 0.05% +0.05
IEF iShares 7-10 Year Treasury B New 0.05% +0.05
EMB iShares JP Morgan Usd Emergi New 0.05% +0.05
KMT Kennametal Inc. New 0.05% +0.05
FISV Fiserv Inc. New 0.05% +0.05
TLT iShares 20+ Year Treasury BD Add +522.2% 0.06% +0.05
SBR Sabine Royalty Trust New 0.04% +0.04
MRVL Marvell Technology Inc. New 0.04% +0.04
JPM JPMorgan Chase & Co. New 0.04% +0.04
RNG Ringcentral Inc. Class A New 0.04% +0.04
AX Axos Financial Inc. New 0.04% +0.04
HIVE Hive Digital Technologies LT New 0.03% +0.03
JEPQ JPM Nasdaq Equity Premium New 0.03% +0.03
DNN Denison Mines Corp. New 0.03% +0.03

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