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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | MANULIFE FINL CORP | $38.3M | 800000 | 18.16% |
| 2 | BANK NOVA SCOTIA B C | $28.9M | 300000 | 13.71% |
| 3 | VANGUARD INDEX FDS | $27.0M | 45150 | 12.78% |
| 4 | CANADIAN IMPERIAL BANK OF CO | $26.4M | 200000 | 12.49% |
| 5 | TORONTO DOMINION BK ONT | $26.0M | 200000 | 12.31% |
| 6 | BANK MONTREAL MEDIUM | $23.6M | 125000 | 11.16% |
| 7 | ROYAL BK CDA | $16.9M | 75000 | 7.99% |
| 8 | BERKSHIRE HATHAWAY INC DEL | $13.2M | 27640 | 6.28% |
| 9 | MARKEL GROUP INC | $10.8M | 5635 | 5.11% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.