Dixon Mitchell Investment Counsel Portfolio holdings
Dixon Mitchell is an independent, employee-owned investment counsel firm. A small group of portfolio managers started it in 2000 to give clients focus, aligned interests and low costs. Its Canadian stock portfolio targets mid-sized and large companies with a clear edge over their peers. It also runs a US stock portfolio, a Canadian small cap fund for growth-stage companies, and balanced portfolios that mix stocks and bonds. Its clients include high net worth families and small institutions such as First Nations communities and Indigenous organizations.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Domino's
DPZ
|
+$23.8M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$23.7M |
| 3 |
Applovin
APP
|
+$14.2M |
| 4 |
Spotify
SPOT
|
+$13.2M |
| 5 |
Boyd Group Services
BGSI
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI EAFE ETF
IEFA
|
+$131M |
| 2 |
Lowe's Companies
LOW
|
+$23.8M |
| 3 |
iShares MSCI ACWI ex US ETF
ACWX
|
+$17.4M |
| 4 |
Fortinet
FTNT
|
+$15.4M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.03% |
| 2 | Industrials | 15.52% |
| 3 | Technology | 12.74% |
| 4 | Communication Services | 9.62% |
| 5 | Consumer Discretionary | 8.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Toronto Dominion Bank
TD
$202B
| $194M | 6.29% |
1,591,641
+92,308
| +6% | +$10.1M |
2013 Q2
52 quarters
|
|
2
Royal Bank of Canada
RY
$281B
| $178M | 5.8% |
861,023
+48,831
| +6% | +$9.06M |
2013 Q2
52 quarters
|
|
|
3
Alphabet (Google) Class A
GOOGL
$3.67T
| $143M | 4.67% |
400,684
-39,020
| -9% | -$14M |
2016 Q2
40 quarters
|
|
4
Visa
V
$784B
| $138M | 4.48% |
401,205
+19,237
| +5% | +$6.18M |
2013 Q2
52 quarters
|
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.25T
| $134M | 4.36% |
267,762
+49,330
| +23% | +$23.7M |
2015 Q4
42 quarters
|
|
6
Microsoft
MSFT
$3.88T
| $133M | 4.31% |
355,109
+11,636
| +3% | +$4.71M |
2013 Q2
52 quarters
|
|
7
TFI International
TFII
$7.86B
| $120M | 3.9% |
833,692
-50,833
| -6% | -$7.18M |
2020 Q1
25 quarters
|
|
8
Thermo Fisher Scientific
TMO
$259B
| $112M | 3.63% |
222,498
+13,871
| +7% | +$6.66M |
2013 Q2
52 quarters
|
|
9
Wheaton Precious Metals
WPM
$59.9B
| $110M | 3.58% |
978,187
+48,883
| +5% | +$6.36M |
2022 Q1
17 quarters
|
|
|
10
iShares Core MSCI EAFE ETF
IEFA
$191B
| $107M | 3.49% |
1,112,546
-1,363,807
| -55% | -$131M |
2022 Q4
14 quarters
|
|
11
Ametek
AME
$55.3B
| $100M | 3.25% |
413,030
+13,246
| +3% | +$3.05M |
2024 Q1
9 quarters
|
|
12
Brookfield Infrastructure Partners
BIP
$18B
| $91.4M | 2.97% |
2,502,674
+107,452
| +4% | +$4.01M |
2013 Q2
52 quarters
|
|
13
Intercontinental Exchange
ICE
$99.4B
| $90.2M | 2.93% |
732,247
+31,583
| +5% | +$4.74M |
2020 Q4
22 quarters
|
|
14
Methanex
MEOH
$5.42B
| $88.5M | 2.88% |
1,917,382
-33,719
| -2% | -$1.99M |
2020 Q1
25 quarters
|
|
15
Brookfield
BN
$93B
| $87M | 2.83% |
2,038,905
+12,627
| +0.6% | +$565K |
2018 Q3
31 quarters
|
|
16
Texas Instruments
TXN
$286B
| $77.2M | 2.51% |
258,730
+3,626
| +1% | +$1.01M |
2021 Q1
21 quarters
|
|
17
HEICO Corp
HEI
$47.4B
| $75.1M | 2.44% |
210,971
+9,547
| +5% | +$2.9M |
2025 Q1
5 quarters
|
|
18
Canadian Natural Resources
CNQ
$100B
| $74.2M | 2.41% |
1,854,339
+151,643
| +9% | +$6.89M |
2013 Q2
52 quarters
|
|
19
Amazon
AMZN
$2.89T
| $70.5M | 2.29% |
295,677
+437
| +0.1% | +$110K |
2021 Q2
20 quarters
|
|
|
20
Boyd Group Services
BGSI
$2.06B
| $68.9M | 2.24% |
726,545
+113,693
| +19% | +$12.5M |
2025 Q4
2 quarters
|
|
|
21
Spotify
SPOT
$123B
| $64.1M | 2.09% |
139,646
+27,602
| +25% | +$13.2M |
2026 Q1
1 quarter
|
|
|
22
Domino's
DPZ
$11B
| $60.5M | 1.97% |
204,298
+72,354
| +55% | +$23.8M |
2022 Q4
14 quarters
|
|
23
Canadian National Railway
CNI
$76.6B
| $59M | 1.92% |
494,412
+45,975
| +10% | +$5.23M |
2013 Q2
52 quarters
|
|
24
Roper Technologies
ROP
$47.3B
| $51M | 1.66% |
150,754
+4,369
| +3% | +$1.49M |
2017 Q1
37 quarters
|
|
25
Meta Platforms (Facebook)
META
$1.59T
| $43.2M | 1.4% |
76,662
+11,886
| +18% | +$7.27M |
2025 Q1
5 quarters
|
|
Similar funds
Dixon Mitchell Investment Counsel's Q2 2026 Portfolio in Review
As of Q2 2026, Dixon Mitchell Investment Counsel held 151 positions worth $3.07B, up 6.9% from $2.88B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Dixon Mitchell Investment Counsel's Q2 2026 filing shows 11 new, 40 increased, 75 reduced and 7 closed positions. Its largest new stake was Applovin: 29,431 shares worth $15.2M. The largest sale was iShares Core MSCI EAFE ETF, an estimated $131M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 26% a quarter earlier, followed by Industrials and Technology.
- Dixon Mitchell Investment Counsel's largest Q2 2026 buy was Applovin: 29,431 shares worth $15.2M.
- Dixon Mitchell Investment Counsel added most to Domino's in Q2 2026, an estimated $23.8M increase.
- Dixon Mitchell Investment Counsel's biggest Q2 2026 reduction was iShares Core MSCI EAFE ETF, cutting an estimated $131M.
- Dixon Mitchell Investment Counsel fully exited iShares MSCI ACWI ex US ETF in Q2 2026, selling an estimated $17.4M.
- Dixon Mitchell Investment Counsel's ten largest holdings make up 45% of its $3.07B portfolio in Q2 2026.
- Dixon Mitchell Investment Counsel opened 11 new positions and closed 7 in Q2 2026.
- Dixon Mitchell Investment Counsel's portfolio value rose 6.9% quarter-over-quarter to $3.07B.
Based on Dixon Mitchell Investment Counsel's 13F filing for Q2 2026, filed 13 Aug 2026.