Ravenstone Capital Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed June 26, 2026), Ravenstone Capital Management Inc. reported 40 stock positions worth $219.2 million. Its top holding was Alphabet Class C (GOOG) at 9.4% of the portfolio, followed by Visa Class A (V, 8.0%) and Microsoft (MSFT, 7.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 1, added to 20 and reduced 1. The biggest buy was Alphabet Class C (GOOG, shares +1%) and the biggest sale Cameco (CCJ, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0002086041
- Portfolio Value
- $219.2M (Q4 2025)
- SEC Filing
- 0002086041-26-000019 ↗ filed Jun 26, 2026
Holdings Value
Holdings 40 stocks · $219.2M
| GOOG Alphabet Inc. Class C | 9.37% | 65,454 | $20.5M | Add +0.5% |
| V Visa Inc. Class A | 7.96% | 49,754 | $17.4M | Add +3.9% |
| MSFT Microsoft Corp. | 7.75% | 35,110 | $17.0M | Add +2.3% |
| APH Amphenol Corp. Class A | 6.93% | 112,348 | $15.2M | Add +1.2% |
| TMO Thermo Fisher Scientific Inc. | 5.86% | 22,179 | $12.9M | Add +2.5% |
| RY Royal Bank of Canada | 5.73% | 73,698 | $12.6M | Add +1.5% |
| DHR Danaher Corp. | 5.44% | 52,046 | $11.9M | Add +4.6% |
| BN Brookfield Corp. | 5.40% | 257,645 | $11.8M | Add +7.8% |
| SPGI S&P Global Inc. | 5.34% | 22,414 | $11.7M | Add +3.5% |
| FAST Fastenal Co. | 4.26% | 232,718 | $9.3M | Add +6.0% |
| CP Canadian Pacific Kansas City | 4.16% | 123,882 | $9.1M | Add +4.3% |
| HD Home Depot Inc. | 4.14% | 26,378 | $9.1M | Add +8.9% |
| SHW The Sherwin-Williams Co. | 4.14% | 28,008 | $9.1M | Add +3.1% |
| WCN Waste Connections Inc. | 4.09% | 51,117 | $9.0M | Add +6.0% |
| CNI Canadian Natl Railway Co. | 3.98% | 88,231 | $8.7M | Add +3.0% |
| ISRG Intuitive Surgical Inc. | 3.86% | 14,938 | $8.5M | Add +2.0% |
| ZTS Zoetis Inc. | 3.46% | 60,271 | $7.6M | Add +6.2% |
| FTNT Fortinet Inc. | 3.39% | 93,523 | $7.4M | Add +3.7% |
| ROP Roper Technologies Inc. | 2.56% | 12,618 | $5.6M | Add +8.3% |
| TLT iShares 20+ Year Treasury BD | 0.67% | 16,886 | $1.5M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 0.45% | 3,140 | $983K | No change |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.32% | 9,485 | $700K | No change |
| META Meta Platforms Inc. Class A | 0.18% | 600 | $396K | No change |
| CECO Ceco Environmental Corp. | 0.15% | 5,500 | $329K | No change |
| CASY Casey's General Stores Inc. | 0.11% | 450 | $249K | No change |
| AMZN Amazon.com Inc. | 0.09% | 860 | $199K | No change |
| COST Costco Wholesale Corp. | 0.09% | 216 | $186K | No change |
| CCJ Cameco Corp. | 0.03% | 712 | $65K | Reduce -8.1% |
| SNOW Snowflake Inc. | 0.03% | 277 | $61K | New |
| NVDA Nvidia Corp. | 0.02% | 264 | $49K | No change |
| TSLA Tesla Inc. | 0.01% | 55 | $25K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.01% | 38 | $19K | No change |
| IONQ Ionq Inc. | 0.01% | 370 | $17K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.00% | 60 | $7K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.00% | 80 | $4K | No change |
| ABVEF Above Food Ingredients Inc. | 0.00% | 1,051 | $2K | No change |
| SNDL SNDL Inc. | 0.00% | 383 | $630 | No change |
| ROKU Roku Inc. | 0.00% | 4 | $434 | No change |
| SNAP Snap Inc. Class A | 0.00% | 35 | $282 | No change |
| CGC Canopy Growth Corp. | 0.00% | 10 | $11 | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $0 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LFLYW Merida Merger Corp. I -CW26 | *W EXP 02/04/202 | 125 | $0 | No change |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +0.5% | 9.37% | +1.61 |
| TMO Thermo Fisher Scientific Inc. | Add +2.5% | 5.86% | +0.73 |
| ISRG Intuitive Surgical Inc. | Add +2.0% | 3.86% | +0.66 |
| DHR Danaher Corp. | Add +4.6% | 5.44% | +0.61 |
| RY Royal Bank of Canada | Add +1.5% | 5.73% | +0.49 |
| APH Amphenol Corp. Class A | Add +1.2% | 6.93% | +0.20 |
| SPGI S&P Global Inc. | Add +3.5% | 5.34% | +0.18 |
| BN Brookfield Corp. | Add +7.8% | 5.40% | +0.04 |
| SNOW Snowflake Inc. | New | 0.03% | +0.03 |
| CNI Canadian Natl Railway Co. | Add +3.0% | 3.98% | +0.02 |
| IONQ Ionq Inc. | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +3.9% | 7.96% | −0.04 |
| TLT iShares 20+ Year Treasury BD | Add +1.6% | 0.67% | −0.06 |
| WCN Waste Connections Inc. | Add +6.0% | 4.09% | −0.06 |
| CP Canadian Pacific Kansas City | Add +4.3% | 4.16% | −0.17 |
| ROP Roper Technologies Inc. | Add +8.3% | 2.56% | −0.28 |
| FTNT Fortinet Inc. | Add +3.7% | 3.39% | −0.32 |
| SHW The Sherwin-Williams Co. | Add +3.1% | 4.14% | −0.46 |
| ZTS Zoetis Inc. | Add +6.2% | 3.46% | −0.60 |
| HD Home Depot Inc. | Add +8.9% | 4.14% | −0.66 |
| MSFT Microsoft Corp. | Add +2.3% | 7.75% | −0.95 |
| FAST Fastenal Co. | Add +6.0% | 4.26% | −1.01 |
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 |