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Portland Investment Counsel Inc.

CIK:0001081668
Asset Manager
$329M AUM
48 holdings
Burlington, ON, Canada
Founded:1986
15 employees
Latest filing:Jun 30, 2025

Portland Investment Counsel Inc., headquartered in Burlington, Ontario, Canada, is an independent investment fund manager, portfolio manager, and exempt market dealer. Founded in 1986, the firm specializes in providing access to unique private equity, private debt, hedge funds, sustainable investing funds, and public securities for affluent individuals, institutions, and advisors. With a reputation as long-term, value-oriented investors and a focus on quality businesses, Portland serves clients seeking discretionary managed accounts, pooled and alternative investment products, and co-investment opportunities with Portland Holdings group of companies. As of recent filings, Portland is a mid-sized asset manager focused on tailored, transparent wealth creation solutions for investment partners.

Investment Strategy

Portland Investment Counsel follows a long-term, quality-focused investment approach, seeking to preserve and grow client capital by investing in what they consider to be high-quality businesses in strong, growth-oriented industries. The firm emphasizes private and alternative investments, co-investments, private equity, private debt, and alternative strategies typically reserved for institutional and affluent investors. Their philosophy centers on transparency, aligned interests, and minimizing taxes through long-term ownership. The firm distinguishes itself by taking significant positions in its investee companies and prioritizes fair value, patient capital appreciation, and avoiding the short-term noise of public markets.

Top Buys
O
OKLOOKLO INC
+$25.4M
M
MGAMAGNA INTL INC
+$12.3M
B
BAMBROOKFIELD ASSET MANAGMT LTD
+$3.8M
B
BNSBANK NOVA SCOTIA B C
+$3.2M
A
ARESARES MANAGEMENT CORPORATION
+$1.7M
Top Sells
C
CVECENOVUS ENERGY INC
-$19.7M
C
CITHE CIGNA GROUP
-$9.9M
B
BRK-BBERKSHIRE HATHAWAY INC DEL
-$7.7M
S
SOBOSOUTH BOW CORP
-$3.5M
E
ELVELEVANCE HEALTH INC
-$2.7M

Top Holdings

B
BRK-BBERKSHIRE HATHAWAY INC DEL
+14.4%$49.0M
O
OKLOOKLO INC
+12.6%$42.8M
M
MGAMAGNA INTL INC
+10.6%$36.0M
T
TDTORONTO DOMINION BK ONT
+8.2%$27.9M
S
SOBOSOUTH BOW CORP
+7.6%$25.8M

Equity Positions (44)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
B
BRK-B
BERKSHIRE HATHAWAY INC DEL14.40%$49.0M100,783$246.98$485.77-$7.7M
O
OKLO
OKLO INC12.59%$42.8M766,480$8.17$55.99+$25.4M
M
MGA
MAGNA INTL INC10.58%$36.0M930,400$42.78$38.61+$12.3M
T
TD
TORONTO DOMINION BK ONT8.22%$27.9M380,100$54.92$73.45+$205.0K
S
SOBO
SOUTH BOW CORP7.59%$25.8M993,644$23.60$25.91-$3.5M

Industry Allocation

FIRE, MARINE & CASUALTY INSURANCE
+14.4%
HOSPITAL & MEDICAL SERVICE PLANS
+13.7%
ELECTRIC SERVICES
+12.9%
INVESTMENT ADVICE
+11.4%
MOTOR VEHICLE PARTS & ACCESSORIES
+10.6%