1y return+10.4%S&P 500 +20.9%
3y return+66.7%S&P 500 +68.5%
5y return+19.8%S&P 500 +74.5%
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, 2017: $167 against $280 in the S&P 500.2
Portland Investment Counsel 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 |
|---|---|---|---|
| CIThe Cigna Group | $62.3M | 17.4% | +213.0% |
| BRK/BBerkshire Hathaway Inc Del | $48.3M | 13.5% | −8.0% |
| VZVerizon Communications Inc | $37.9M | 10.6% | +3.4% |
| SOBOSouth Bow Corp | $33.5M | 9.4% | −1.9% |
| OKLOOklo Inc | $30.8M | 8.6% | |
| TDToronto Dominion Bk Ont | $22.7M | 6.3% | −2.8% |
| BAMBrookfield Asset Managmt Ltd | $18.9M | 5.3% | |
| ARESAres Management Corporation | $13.5M | 3.8% | |
| DHRDanaher Corporation | $11.9M | 3.3% | |
| UBERUber Technologies Inc | $8.7M | 2.4% | New |
| BNBrookfield Corp | $4.8M | 1.3% | |
| Carnival CorpCUSIP 143658300 | $4.0M | 1.1% | |
| BEBloom Energy Corp | $3.6M | 1.0% | −33.3% |
| CCJCameco Corp | $3.3M | 0.9% | |
| BNSBank Nova Scotia B C | $3.3M | 0.9% | |
| BILSpdr Ser Tr | $3.2M | 0.9% | +118.9% |
| TLXTelix Pharmaceutical Ltd | $3.1M | 0.9% | |
| RDNTRadnet Inc | $2.6M | 0.7% | |
| LEUCentrus Energy Corp | $2.5M | 0.7% | |
| GOOGLAlphabet Inc | $2.4M | 0.7% | |
| NVDANvidia Corporation | $2.3M | 0.6% | |
| AAPLApple Inc | $2.2M | 0.6% | |
| AMZNAmazon Com Inc | $2.1M | 0.6% | |
| GSGoldman Sachs Group Inc | $2.1M | 0.6% | −8.8% |
| LNTHLantheus Hldgs Inc | $2.0M | 0.6% |
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 |
|---|---|---|---|
| OKLOOklo Inc | June 30, 2024 | +517.8% | $30.8M |
| LEUCentrus Energy Corp | March 31, 2024 | +304.2% | $2.5M |
| GOOGLAlphabet Inc | March 31, 2021 | +246.5% | $2.4M |
| ARESAres Management Corporation | June 30, 2020 | +180.4% | $13.5M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $48.3M |
| TDToronto Dominion Bk Ont | June 30, 2020 | +172.2% | $22.7M |
| GSGoldman Sachs Group Inc | December 31, 2023 | +162.2% | $2.1M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $1.8M |
| AAPLApple Inc | March 31, 2021 | +136.9% | $2.2M |
| CCJCameco Corp | March 31, 2024 | +135.1% | $3.3M |
Sold off last quarter
- ELVElevance Health Inc was $17.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.3% | +14.8% |
| March 31, 2026 | −6.4% | −4.6% |
| December 31, 2025 | −5.6% | +2.4% |
| September 30, 2025 | +17.5% | +7.8% |
| June 30, 2025 | +13.7% | +10.5% |
| March 31, 2025 | +5.2% | −4.6% |
| December 31, 2024 | +2.2% | +2.1% |
| September 30, 2024 | +11.8% | +5.4% |
| June 30, 2024 | −4.9% | +4.0% |
| March 31, 2024 | +8.2% | +10.0% |
| December 31, 2023 | +14.1% | +11.2% |
| September 30, 2023 | −5.8% | −3.6% |
| June 30, 2023 | −2.2% | +8.3% |
| March 31, 2023 | +2.4% | +7.0% |
| December 31, 2022 | +5.1% | +7.1% |
| September 30, 2022 | −13.5% | −5.3% |
| June 30, 2022 | −18.6% | −16.5% |
| March 31, 2022 | −1.1% | −4.9% |
| December 31, 2021 | −0.3% | +10.7% |
| September 30, 2021 | −1.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Portland Investment Counsel Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1081668&type=13F-HR&dateb=&owner=include&count=40CIK 1081668
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1081668/000108166826000008/Filed August 13, 2026 · accession 0001081668-26-000008