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PIC
Portland Investment Counsel Portfolio holdings
AUM
$312M
1-Year Est. Return
53.32%
This Fund
S&P 500
This Quarter
Est. Return
+0.06%
1 Year Est. Return
+53.32%
3 Year Est. Return
+103.89%
5 Year Est. Return
+49.43%
10 Year Est. Return
–
AUM
$219M
AUM Growth
+$42.5M
(+24%)
Cap. Flow
+$43.9M
Cap. Flow
% of AUM
20.07%
Top 10 Holdings %
Top 10 Hldgs %
82.25%
Holding
41
New
3
Increased
10
Reduced
12
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Horizon
FHN
|
+$20.9M |
| 2 |
Brookfield
BN
|
+$11.2M |
| 3 |
Toronto Dominion Bank
TD
|
+$4.55M |
| 4 |
Brookfield Asset Management
BAM
|
+$3.39M |
| 5 |
OPTU
Optimum Communications Inc
OPTU
|
+$3.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco
IVZ
|
+$647K |
| 2 |
Scotiabank
BNS
|
+$554K |
| 3 |
Vodafone
VOD
|
+$507K |
| 4 |
Citigroup
C
|
+$456K |
| 5 |
Canadian Imperial Bank of Commerce
CM
|
+$314K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 73.78% |
| 2 | Communication Services | 16.8% |
| 3 | Healthcare | 3.91% |
| 4 | Consumer Discretionary | 1.91% |
| 5 | Consumer Staples | 1.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VRN
26
DELISTED
Veren
VRN
| $762K | 0.35% |
108,080
-8,990
| -8% | -$62.3K |
|
27
Goldman Sachs
GS
$302B
| $759K | 0.35% |
2,320
| – | – |
|
28
Microsoft
MSFT
$3.66T
| $667K | 0.31% |
2,314
-200
| -8% | -$51K |
|
29
Mastercard
MA
$490B
| $506K | 0.23% |
1,391
| – | – |
|
|
BKI
30
DELISTED
Black Knight, Inc. Common Stock
BKI
| $421K | 0.19% |
7,315
| – | – |
|
31
National Grid
NGG
$81.1B
| $272K | 0.12% |
4,245
-212
| -5% | -$12.7K |
|
32
Regeneron Pharmaceuticals
REGN
$82.2B
| $271K | 0.12% |
330
| – | – |
|
33
AT&T
T
$166B
| $193K | 0.09% |
10,000
-14,000
| -58% | -$268K |
|
|
PNT
34
DELISTED
POINT Biopharma Global Inc. Common Stock
PNT
| $99K | 0.05% |
13,600
| – | – |
|
35
Lumen
LUMN
$6.49B
| $37K | 0.02% |
+14,000
| New | +$56.5K |
|
36
CorMedix
CRMD
$557M
| – | – |
-39,000
| Closed | -$165K |
|
|
37
Invesco
IVZ
$13.9B
| – | – |
-35,983
| Closed | -$647K |
|
38
Occidental Petroleum
OXY
$58.5B
| – | – |
-3,320
| Closed | -$209K |
|
39
Pacific Biosciences
PACB
$345M
| – | – |
-11,925
| Closed | -$98K |
|
40
Target
TGT
$69.9B
| – | – |
-1,398
| Closed | -$208K |
|
41
Warner Bros
WBD
$69.3B
| – | – |
-11,000
| Closed | -$104K |
|
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RGC
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MIM
CCG
Portland Investment Counsel's Q1 2023 Portfolio in Review
As of Q1 2023, Portland Investment Counsel held 41 positions worth $219M, up 24% from $176M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Portland Investment Counsel deployed $43.9M of net new capital in Q1 2023, opening 3 new positions and adding to 10 existing holdings. Its largest new stake was First Horizon: 938,700 shares worth $16.7M.
By sector, the portfolio is most concentrated in Financials at 74% of assets, up from 71% a quarter earlier, followed by Communication Services and Healthcare.
On the sell side, the largest reduction was Scotiabank, an estimated $554K trimmed.
- Portland Investment Counsel's largest Q1 2023 buy was First Horizon: 938,700 shares worth $16.7M.
- Portland Investment Counsel added most to Brookfield in Q1 2023, an estimated $11.2M increase.
- Portland Investment Counsel's biggest Q1 2023 reduction was Scotiabank, cutting an estimated $554K.
- Portland Investment Counsel fully exited Invesco in Q1 2023, selling an estimated $647K.
- Portland Investment Counsel's ten largest holdings make up 82% of its $219M portfolio in Q1 2023.
- Portland Investment Counsel opened 3 new positions and closed 6 in Q1 2023.
- Portland Investment Counsel's portfolio value rose 24% quarter-over-quarter to $219M.
Based on Portland Investment Counsel's 13F filing for Q1 2023, filed 12 May 2023.