Portland Investment Counsel Inc 13F annual report
Portland Investment Counsel Inc is an investment fund managing more than $278 billion ran by Nadine Milne. There are currently 52 companies in Mrs. Milne’s portfolio. The largest investments include Berkshire Hathaway and Att Inc, together worth $68.2 billion.
$278 billion Assets Under Management (AUM)
As of 7th August 2024, Portland Investment Counsel Inc’s top holding is 106,908 shares of Berkshire Hathaway currently worth over $43.5 billion and making up 15.7% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Portland Investment Counsel Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 1,295,600 shares of Att Inc worth $24.8 billion.
The third-largest holding is Verizon Communications Inc worth $22.7 billion and the next is Citigroup Inc worth $21.9 billion, with 345,000 shares owned.
Currently, Portland Investment Counsel Inc's portfolio is worth at least $278 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Portland Investment Counsel Inc
The Portland Investment Counsel Inc office and employees reside in Burlington, Ontario, Canada. According to the last 13-F report filed with the SEC, Nadine Milne serves as the Chief Compliance Officer at Portland Investment Counsel Inc.
Recent trades
In the most recent 13F filing, Portland Investment Counsel Inc revealed that it had opened a new position in
Nutrien Ltd and bought 307,000 shares worth $15.6 billion.
This means they effectively own approximately 0.1% of the company.
Nutrien Ltd makes up
94.7%
of the fund's Materials sector allocation and has decreased its share price by 27.2% in the past year.
The investment fund also strengthened its position in Berkshire Hathaway by buying
2,617 additional shares.
This makes their stake in Berkshire Hathaway total 106,908 shares worth $43.5 billion.
Berkshire Hathaway soared 22.3% in the past year.
On the other hand, there are companies that Portland Investment Counsel Inc is getting rid of from its portfolio.
Portland Investment Counsel Inc closed its position in Vodafone plc on 14th August 2024.
It sold the previously owned 1,670,408 shares for $15.8 million.
Nadine Milne also disclosed a decreased stake in Citigroup Inc by 0.5%.
This leaves the value of the investment at $21.9 billion and 345,000 shares.
One of the smaller hedge funds
The two most similar investment funds to Portland Investment Counsel Inc are Pathway Advisers and Northcape Wealth Management. They manage $278 billion and $277 billion respectively.
Nadine Milne investment strategy
Portland Investment Counsel Inc’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Finance — making up 26.2% of
the total portfolio value.
The fund focuses on investments in the United States as
59.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
48% of the total holdings value.
On the other hand, small-cap stocks make up only 1.9% of the portfolio.
The average market cap of the portfolio companies is close to $219 billion.
The complete list of Portland Investment Counsel Inc trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Berkshire Hathaway Inc. |
2.51%
106,908
|
$43,490,174,000 | 15.67% |
| Att Inc |
8,537.33%
1,295,600
|
$24,758,916,000 | 8.92% |
| Verizon Communications Inc |
131.14%
550,800
|
$22,714,992,000 | 8.18% |
| Citigroup Inc |
53.86%
345,000
|
$21,893,700,000 | 7.89% |
| Bank Nova Scotia B C |
6.20%
423,391
|
$19,367,573,000 | 6.98% |
| Nutrien Ltd |
Opened
307,000
|
$15,629,948,000 | 5.63% |
| Brookfield Asset Managmt Ltd |
233.77%
394,150
|
$14,995,369,000 | 5.40% |
| Danaher Corp. |
804.07%
52,454
|
$13,105,632,000 | 4.72% |
| CVS Health Corp |
Opened
196,600
|
$11,611,196,000 | 4.18% |
| Magna International Inc. |
Opened
270,311
|
$11,329,727,000 | 4.08% |
| Toronto Dominion Bk Ont |
70.13%
191,800
|
$10,543,006,000 | 3.80% |
| Canadian Imp Bk Comm |
351.04%
221,617
|
$10,537,762,000 | 3.80% |
| Starbucks Corp. |
Opened
111,673
|
$8,693,743,000 | 3.13% |
| Archer Daniels Midland Co. |
Opened
107,055
|
$6,471,475,000 | 2.33% |
| Ares Management Corp |
82.74%
42,393
|
$5,650,139,000 | 2.04% |
| D.R. Horton Inc. |
2.92%
35,753
|
$5,038,670,000 | 1.82% |
| TC Energy Corporation |
Opened
102,700
|
$3,893,149,000 | 1.40% |
| Brookfield Corp |
49.97%
60,219
|
$2,502,012,000 | 0.90% |
| Radnet Inc |
40.82%
34,500
|
$2,032,740,000 | 0.73% |
| Carnival Corp. |
82.76%
90,702
|
$1,697,941,000 | 0.61% |
| Alphabet Inc |
2.36%
8,266
|
$1,505,652,000 | 0.54% |
| Amazon.com Inc. |
5.32%
7,120
|
$1,375,940,000 | 0.50% |
| Meta Platforms Inc |
23.95%
2,626
|
$1,324,082,000 | 0.48% |
| Jpmorgan Chase Co |
6.42%
6,251
|
$1,264,327,000 | 0.46% |
| Royal Bk Cda |
Opened
11,260
|
$1,198,800,000 | 0.43% |
| Apple Inc |
3.33%
5,134
|
$1,081,323,000 | 0.39% |
| Nomad Foods Ltd |
69.28%
65,601
|
$1,081,104,000 | 0.39% |
| Goldman Sachs Group, Inc. |
2.97%
2,251
|
$1,018,172,000 | 0.37% |
| Baytex Energy Corp |
No change
280,300
|
$970,558,000 | 0.35% |
| Microsoft Corporation |
6.84%
2,137
|
$955,132,000 | 0.34% |
| Veren Inc. |
Opened
108,080
|
$851,897,000 | 0.31% |
| Lantheus Holdings Inc |
Opened
10,000
|
$802,900,000 | 0.29% |
| Tesla Inc |
Opened
3,915
|
$774,700,000 | 0.28% |
| Perspective Therapeutics Inc |
93.23%
70,001
|
$697,910,000 | 0.25% |
| Liberty Latin America Ltd |
69.33%
71,324
|
$685,425,000 | 0.25% |
| Bank Montreal Que |
96.26%
8,000
|
$671,496,000 | 0.24% |
| Mastercard Incorporated |
2.01%
1,363
|
$601,301,000 | 0.22% |
| Cameco Corp. |
Opened
12,000
|
$590,417,000 | 0.21% |
| Altice USA Inc |
59.41%
269,679
|
$550,145,000 | 0.20% |
| AMGEN Inc. |
Opened
1,500
|
$468,675,000 | 0.17% |
| Nuscale Pwr Corp |
Opened
40,000
|
$467,600,000 | 0.17% |
| BridgeBio Pharma Inc |
Opened
15,000
|
$379,950,000 | 0.14% |
| Regeneron Pharmaceuticals, Inc. |
1.82%
324
|
$340,534,000 | 0.12% |
| Constellation Energy Corp |
Opened
1,500
|
$300,405,000 | 0.11% |
| BeiGene Ltd |
Opened
2,000
|
$285,340,000 | 0.10% |
| BWX Technologies Inc |
Opened
3,000
|
$285,000,000 | 0.10% |
| Centrus Energy Corp |
Opened
6,500
|
$277,875,000 | 0.10% |
| Iovance Biotherapeutics Inc |
Opened
30,000
|
$240,600,000 | 0.09% |
| Suncor Energy, Inc. |
Opened
5,600
|
$213,472,000 | 0.08% |
| Oklo Inc |
Opened
20,000
|
$169,400,000 | 0.06% |
| Plug Power Inc |
Opened
50,000
|
$116,500,000 | 0.04% |
| Vodafone Group plc |
Closed
1,670,408
|
$15,785,000 | |
| Lumen Technologies, Inc. |
26.32%
14,000
|
$15,400,000 | 0.01% |
| First Horizon Corporation |
Closed
931,400
|
$10,497,000 | |
| Bank New York Mellon Corp |
Closed
166,900
|
$7,430,000 | |
| Point Biopharma Global Inc |
Closed
113,300
|
$1,026,000 | |
| Crescent Pt Energy Corp |
Closed
108,080
|
$728,000 | |
| Black Knight Inc |
Closed
7,315
|
$437,000 | |
| No transactions found | |||
| Showing first 500 out of 58 holdings | |||
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