1y return+9.5%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2023: $133 against $157 in the S&P 500.2
Louisbourg Investments Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| CNICanadian National Railway Co | $30.0M | 5.5% | −12.4% |
| SHOPShopify Inc | $17.5M | 3.2% | +24.3% |
| TECKTeck Resources Ltd | $14.7M | 2.7% | +40.5% |
| GOOGAlphabet Inc | $13.3M | 2.5% | −11.6% |
| IVVIshares Core S&p 500 Etf | $12.9M | 2.4% | −6.5% |
| SUSuncor Energy Inc | $12.8M | 2.4% | +189.6% |
| TSMTsmc | $12.6M | 2.3% | −18.8% |
| MSFTMicrosoft Corp | $12.4M | 2.3% | −3.5% |
| CVECenovus Energy Inc | $12.2M | 2.2% | +118.2% |
| BNBrookfield Corp | $11.5M | 2.1% | +1.7% |
| VOOVanguard S&p 500 Etf | $9.9M | 1.8% | +3.5% |
| IEFAIshares Core Msci Eafe Etf | $9.5M | 1.8% | +3.5% |
| AMZNAmazon.com Inc | $9.5M | 1.8% | |
| AVGOBroadcom Inc | $9.0M | 1.7% | −2.5% |
| BBBlackberry Ltd | $8.6M | 1.6% | New |
| CRMSalesforce Inc | $8.4M | 1.6% | +25.9% |
| CIGIColliers International Group I | $8.1M | 1.5% | +14.6% |
| GILGildan Activewear Inc | $7.9M | 1.5% | −1.3% |
| NTRNutrien Ltd | $7.8M | 1.4% | +71.1% |
| METAMeta Platforms Inc | $7.7M | 1.4% | +15.7% |
| TMUST-mobile Us Inc | $7.4M | 1.4% | +27.2% |
| WPMWheaton Precious Metals Corp | $7.3M | 1.4% | −23.8% |
| TRIThomson Reuters Corp | $7.3M | 1.3% | New |
| MDAMda Space Ltd | $7.1M | 1.3% | +2403.6% |
| CNQCanadian Natural Resources Ltd | $7.0M | 1.3% | +32.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTsmc | December 31, 2023 | +359.2% | $12.6M |
| AVGOBroadcom Inc | December 31, 2023 | +238.4% | $9.0M |
| GOOGAlphabet Inc | December 31, 2023 | +150.7% | $13.3M |
| WPMWheaton Precious Metals Corp | December 31, 2023 | +127.6% | $7.3M |
| RYRoyal Bank Of Canada | December 31, 2023 | +104.7% | $5.3M |
| BNSBank Of Nova Scotia/the | December 31, 2023 | +78.4% | $5.4M |
| SUSuncor Energy Inc | December 31, 2023 | +67.5% | $12.8M |
| MDAMda Space Ltd | March 31, 2026 | +63.0% | $7.1M |
| METAMeta Platforms Inc | December 31, 2023 | +59.1% | $7.7M |
| VOOVanguard S&p 500 Etf | December 31, 2023 | +57.2% | $9.9M |
Sold off last quarter
- SSRMSsr Mining Inc was $6.6M
- Thomson Reuters CorpCUSIP 884903808 was $6.6M
- UUUUEnergy Fuels Inc/canada was $6.2M
- KGCKinross Gold Corp was $6.0M
- IAGIamgold Corp was $6.0M
- CDECoeur Mining Inc was $5.5M
- EQXEquinox Gold Corp was $5.4M
- IMOImperial Oil Ltd was $337K
- WDCWestern Digital Corp was $250K
- TAPMolson Coors Beverage Co was $159K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +0.3% | +14.8% |
| March 31, 2026 | −3.6% | −4.6% |
| December 31, 2025 | +2.8% | +2.4% |
| September 30, 2025 | +10.3% | +7.8% |
| June 30, 2025 | +11.5% | +10.5% |
| March 31, 2025 | −2.7% | −4.6% |
| December 31, 2024 | −1.0% | +2.1% |
| September 30, 2024 | +7.6% | +5.4% |
| June 30, 2024 | −1.5% | +4.0% |
| March 31, 2024 | +6.5% | +10.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Louisbourg Investments Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2053050&type=13F-HR&dateb=&owner=include&count=40CIK 2053050
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2053050/000205305026000003/Filed July 23, 2026 · accession 0002053050-26-000003