LOUISBOURG INVESTMENTS INC.

Q4 2025 13F-HR Holdings

Location
Dieppe, A3
Holdings as of
12/31/2025
Date filed
1/16/2026
Form type
13F-HR
Num holdings
213
Total value ($000)
$501,891
Net value change ($000)
+43,655 (9.5%)
New positions
19
Sold out positions
14
Turnover %
8.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/9/2025 Next filing: 4/22/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
BGSI 7,272 NEW
HBM 5,247 NEW
IAG 5,096 NEW
EQX 4,864 NEW
UUUU 4,412 NEW
RGLD 3,938 NEW
FSV 3,837 NEW
CSGP 3,693 351.0%
GOOGL 3,466 36.1%
CVE 3,046 23430.8%
Top Reduces (Value $000, Stocks/ETFs)
SHOP -4,285 -28.4%
AEM -4,256 -94.6%
SAND -4,233 -100.0%
OR -3,957 -33.7%
MRSH -2,171 -100.0%
WPM -1,863 -14.7%
QSR -1,796 -25.2%
FTS -1,656 -41.3%
ORCL -1,489 -42.8%
NTR -1,225 -19.1%
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