Portland Investment Counsel portfolio
Concentrated managerType not verifiedPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Portland Investment Counsel reported a $358M portfolio of 58 positions to the SEC as of the end of Q2 2026. Its largest positions are CI, BRK/B, VZ. During the quarter it opened Uber Technologies and exited Elevance Health.
Sections with a free account
What changed this quarter
11 positions with a change (2 new, 3 added to, 5 trimmed, 1 sold); also, 2 entered through an IPO. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Cigna Group+213%more sharesIncreased6.2% → 17.4%
- Elevance Health−4.8 ppof portfolioSold out5.5% → —
- Uber Technologies+2.4 ppof portfolioNew— → 2.4%
- Berkshire Hathaway−8.0%fewer sharesReduced16.1% → 13.5%
- Bloom Energy−33%fewer sharesReduced0.8% → 1.0%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Cigna GroupCI17.4%
- Berkshire HathawayBRK/B13.5%
- Verizon CommunicationsVZ10.6%
- South BOWSOBO9.4%
- OkloOKLO8.6%
- Toronto Dominion BankTD6.3%
- Brookfield Asset ManagementBAM5.3%
- ARES ManagementARES3.8%
- DanaherDHR3.3%
- UBER TechnologiesUBER2.4%
- BrookfieldBN1.3%
- CarnivalCCL1.1%
- Bloom EnergyBE1.0%
- CamecoCCJ0.9%
- Bank of Nova ScotiaBNS0.9%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 33%
- ● Health Care 25%
- ● Communication Services 12%
- ● Energy 11%
- ● Utilities 9%
- ● Industrials 6%
- ● Information Technology 2%
- ● Consumer Discretionary 2%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 58
Q2 2026: 81%
Q2 2026: 11.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified. It meets the portfolio criteria of a concentrated manager, but its type is not verified: we found no official document that is enough to say what kind of entity it is. It may be an investment firm, but also an adviser adding up client accounts, a bank or a family vehicle. It counts in the tallies like the rest; keep that in mind when reading it. How the type is assigned
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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