GFI Investment Counsel Ltd.

Q3 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
26
Total value ($000)
$960,551
Net value change ($000)
+42,626 (4.6%)
New positions
5
Sold out positions
1
Turnover %
6.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/11/2025 Next filing: 2/25/2026 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)
OTIS 59,022 NEW
MSFT 2,838 3.1%
AXP 2,790 4.3%
SHW 737 1.1%
AAPL 631 NEW
AON 321 0.5%
TSLA 279 NEW
BUZZ 227 NEW
NFLX 218 NEW
FSV 209 9.6%
Top Reduces (Value $000, Stocks/ETFs)
ROP -9,448 -11.9%
MCO -3,892 -4.8%
V -3,564 -4.0%
G -2,568 -4.4%
HLT -2,006 -2.7%
CRM -819 -12.9%
BIL -801 -11.8%
MSCI -671 -1.0%
BAH -580 -1.4%
EFX -354 -0.5%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 458 (0.0% of total reported value)
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