PORTLAND INVESTMENT COUNSEL INC.

Q3 2025 13F-HR Holdings

Location
Burlington, A6
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
52
Total value ($000)
$365,391
Net value change ($000)
+25,358 (7.5%)
New positions
5
Sold out positions
1
Turnover %
0.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
OKLO 42,760 99.9%
BNS 3,840 17.0%
BRK-B 1,712 3.5%
LEU 1,591 83.9%
TLX 1,225 NEW
BE 1,123 281.5%
RDNT 808 33.8%
BAM 635 2.8%
LILA 589 NEW
GOOGL 552 37.9%
Top Reduces (Value $000, Stocks/ETFs)
MGA -15,021 -41.8%
TD -5,418 -19.4%
SOBO -4,552 -17.6%
ELV -3,805 -16.9%
CI -3,041 -12.7%
ARES -1,206 -7.7%
LILA -250 -26.4%
CVE -249 -100.0%
META -193 -10.5%
UPS -161 -17.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type