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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Alphabet Inc. Class C | $96.8M | 273909 | 7.62% |
| 2 | Apple Inc. | $81.9M | 282975 | 6.45% |
| 3 | Taiwan Semiconductor Manufacturing Co | $60.6M | 126947 | 4.77% |
| 4 | Costco Wholesale Corporation | $58.9M | 62958 | 4.64% |
| 5 | Visa Inc. Cls A | $57.2M | 166630 | 4.50% |
| 6 | TFI International Inc. | $57.1M | 397076 | 4.49% |
| 7 | Amazon.com Inc | $55.1M | 231190 | 4.34% |
| 8 | Live Nation Entertainment Inc | $54.9M | 299706 | 4.32% |
| 9 | Brookfield Corporation | $54.8M | 1286021 | 4.31% |
| 10 | Microsoft Corp. | $53.0M | 142057 | 4.17% |
| 11 | Waste Connections Inc C$ | $46.9M | 282069 | 3.70% |
| 12 | Moody's Corp | $46.7M | 103006 | 3.67% |
| 13 | Berkshire Hathaway B | $42.1M | 84076 | 3.31% |
| 14 | Ferrari N.V. | $41.3M | 110984 | 3.25% |
| 15 | MSCI Inc | $39.3M | 70217 | 3.10% |
| 16 | Fair Isaac Corporation | $38.8M | 32497 | 3.06% |
| 17 | Canadian Natural Resources | $37.7M | 953640 | 2.97% |
| 18 | Netflix Inc | $37.5M | 524661 | 2.95% |
| 19 | Stryker Corp | $35.5M | 112846 | 2.80% |
| 20 | Garmin Ltd | $35.1M | 147615 | 2.76% |
| 21 | FirstService Corp | $35.0M | 246257 | 2.75% |
| 22 | TransDigm Group Inc | $29.9M | 22463 | 2.36% |
| 23 | Meta Platforms Inc. | $29.9M | 53073 | 2.35% |
| 24 | Vanguard Short-Term Corporate Bond ETF | $24.5M | 310385 | 1.93% |
| 25 | Restaurant Brands International | $24.4M | 336931 | 1.92% |
| 26 | Domino's Pizza, Inc. | $23.1M | 78055 | 1.82% |
| 27 | Royal Bank of Canada | $12.1M | 58458 | 0.95% |
| 28 | Brookfield Asset Management Ltd | $11.5M | 257314 | 0.91% |
| 29 | Brookfield Infrast. Partners LP C$ | $10.5M | 288828 | 0.83% |
| 30 | Coca-Cola Company | $9.0M | 111297 | 0.71% |
| 31 | Pembina Pipeline Corp | $7.8M | 169750 | 0.62% |
| 32 | Watsco Inc. | $5.3M | 12839 | 0.42% |
| 33 | Alphabet Inc. Class A | $3.4M | 9443 | 0.27% |
| 34 | TJX Companies Inc | $1.7M | 11080 | 0.13% |
| 35 | Brookfield Infrastructure Corp Sub VT | $1.5M | 38174 | 0.12% |
| 36 | Toronto Dominion Bank | $1.2M | 10026 | 0.10% |
| 37 | Bank of Montreal | $877K | 4967 | 0.07% |
| 38 | Invesco QQQ Trust | $813K | 1104 | 0.06% |
| 39 | Vanguard 0-3 Month Treasury Bill ETF | $800K | 10577 | 0.06% |
| 40 | Enbridge Inc. | $661K | 12200 | 0.05% |
| 41 | Celestica Inc | $546K | 1500 | 0.04% |
| 42 | Nvidia Corp | $534K | 2670 | 0.04% |
| 43 | JP Morgan Chase & Co | $504K | 1541 | 0.04% |
| 44 | Mastercard Inc Class A | $478K | 930 | 0.04% |
| 45 | Fortis Inc. | $423K | 7389 | 0.03% |
| 46 | Bank of Nova Scotia | $406K | 4681 | 0.03% |
| 47 | Tesla Motors Inc | $405K | 962 | 0.03% |
| 48 | Emera Inc. | $302K | 5700 | 0.02% |
| 49 | Brookfield Renewable Energy | $260K | 7500 | 0.02% |
| 50 | Vanguard S&P 500 ETF | $258K | 375 | 0.02% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.