LOUISBOURG INVESTMENTS INC. Q1 2025 Filing

Filed April 17, 2025

Portfolio Value

$368.0B

Holdings

180

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (180 positions)

#StockSharesValue% PortfolioType
1
CNRCANADIAN NATIONAL RAILWAY CO
289,119$28.2B7.65%
2
IVVISHARES CORE S&P 500 ETF
19,320$10.9B2.95%
3
SHOPSHOPIFY INC
109,727$10.4B2.84%
4
MSFTMICROSOFT CORP
31,220$9.3B2.53%
5
BNSBANK OF NOVA SCOTIA/THE
181,753$8.6B2.34%
6
TDTORONTO-DOMINION BANK/THE
123,343$7.4B2.01%
7
BNBROOKFIELD CORP
139,002$7.3B1.98%
8
GOOGALPHABET INC
58,578$7.2B1.97%
9
GILGILDAN ACTIVEWEAR INC
162,692$7.2B1.96%
10
TSMTSMC
49,178$6.9B1.88%
11
RCI/BROGERS COMMUNICATIONS INC
248,503$6.6B1.81%
12
BRK-BBERKSHIRE HATHAWAY INC
8$6.4B1.74%
13
BDXBECTON DICKINSON & CO
36,510$6.4B1.73%
14
AQLTISHARES CORE MSCI EAFE ETF
81,185$6.1B1.67%
15
LSPDLIGHTSPEED COMMERCE INC
684,509$6.0B1.63%
16
OREUROSISKO GOLD ROYALTIES LTD
279,555$5.9B1.60%
17
VOOVANGUARD S&P 500 ETF
11,201$5.8B1.56%
18
CRMSALESFORCE INC
26,357$5.5B1.51%
19
CRCCANADIAN NATURAL RESOURCES LTD
173,866$5.4B1.46%
20
JNJJOHNSON & JOHNSON
40,317$5.3B1.43%
21
NTRNUTRIEN LTD
105,906$5.3B1.43%
22
WPMWHEATON PRECIOUS METALS CORP
66,994$5.2B1.41%
23
TMUST-MOBILE US INC
24,294$5.2B1.41%
24
AMZNAMAZON.COM INC
33,629$5.1B1.39%
25
METAMETA PLATFORMS INC
11,291$5.0B1.35%
26
STNSTANTEC INC
59,365$4.9B1.34%
27
AVGOBROADCOM INC
35,080$4.7B1.27%
28
AYS1SANDSTORM GOLD LTD
599,282$4.5B1.23%
29
URIUNITED RENTALS INC
9,158$4.5B1.22%
30
COPCONOCOPHILLIPS
55,072$4.5B1.22%
31
QSRRESTAURANT BRANDS INTERNATIONA
66,669$4.4B1.21%
32
WTWWILLIS TOWERS WATSON PLC
17,671$4.4B1.21%
33
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS
74,636$4.4B1.20%
34
DISWALT DISNEY CO/THE
54,879$4.2B1.14%
35
JJACOBS SOLUTIONS INC
44,328$4.2B1.13%
36
PPLPEMBINA PIPELINE CORP
100,655$4.0B1.10%
37
TECK/BTECK RESOURCES LTD
106,124$3.9B1.05%
38
ABTABBOTT LABORATORIES
36,374$3.8B1.02%
39
CIGICOLLIERS INTERNATIONAL GROUP I
30,795$3.7B1.01%
40
AG8AGILENT TECHNOLOGIES INC
40,740$3.7B1.01%
41
CBRECBRE GROUP INC
32,555$3.5B0.95%
42
RYROYAL BANK OF CANADA
29,977$3.4B0.92%
43
KGCKINROSS GOLD CORP
256,900$3.2B0.88%
44
AGIALAMOS GOLD INC
120,500$3.2B0.88%
45
IMGIAMGOLD CORP
497,800$3.1B0.85%
46
SUSUNCOR ENERGY INC
78,405$3.0B0.83%
47
VVISA INC
10,939$2.9B0.79%
48
OTXOPEN TEXT CORP
112,465$2.8B0.77%
49
DLTRDOLLAR TREE INC
49,130$2.8B0.76%
50
ACNACCENTURE PLC
10,985$2.8B0.76%
51
RSPINVESCO S&P 500 EQUAL WEIGHT E
22,750$2.8B0.75%
52
CAECAE INC
112,500$2.8B0.75%
53
ORCLORACLE CORP
22,259$2.8B0.75%
54
CNPCENTERPOINT ENERGY INC
103,553$2.7B0.74%
55
VWOVANGUARD FTSE EMERGING MARKETS
59,796$2.7B0.74%
56
MCDMCDONALD'S CORP
10,287$2.7B0.73%
57
BKBANK OF NEW YORK MELLON CORP/T
43,523$2.6B0.71%
58
TACTRANSALTA CORP
267,100$2.5B0.68%
59
BAMBROOKFIELD ASSET MANAGEMENT LT
50,152$2.4B0.66%
60
UNPUNION PACIFIC CORP
12,798$2.4B0.65%
61
CPCANADIAN PACIFIC KANSAS CITY L
32,773$2.3B0.63%
62
FTSFORTIS INC/CANADA
49,308$2.2B0.61%
63
DCBODOCEBO INC
76,672$2.2B0.60%
64
GFRGREENFIRE RESOURCES LTD
371,979$2.2B0.60%
65
ENQENTEGRIS INC
31,640$2.2B0.60%
66
ULTAULTA BEAUTY INC
7,777$2.1B0.57%
67
OTISOTIS WORLDWIDE CORP
23,891$2.1B0.57%
68
COSTCOSTCO WHOLESALE CORP
2,200$2.1B0.57%
69
CLSCELESTICA INC
26,000$2.1B0.56%
70
ROSTROSS STORES INC
19,610$1.9B0.53%
71
KKRKKR & CO INC
21,352$1.9B0.51%
72
DGDOLLAR GENERAL CORP
29,262$1.9B0.50%
73
DSGDESCARTES SYSTEMS GROUP INC/TH
18,335$1.8B0.50%
74
GIB/ACGI INC
17,476$1.7B0.47%
75
HDHOME DEPOT INC/THE
4,100$1.5B0.41%
76
WMTWALMART INC
17,045$1.5B0.41%
77
WFCWELLS FARGO & CO
28,844$1.5B0.40%
78
MRSHMARSH & MCLENNAN COS INC
8,179$1.4B0.38%
79
SHELSHELL PLC
18,290$1.3B0.36%
80
GSGOLDMAN SACHS GROUP INC/THE
3,304$1.3B0.35%
81
TJXTJX COS INC/THE
10,500$1.3B0.35%
82
SAPSAP SE
4,180$1.1B0.30%
83
KLACKLA CORP
2,186$1.0B0.28%
84
GOOGLALPHABET INC
6,185$956.4M0.26%
85
NFLXNETFLIX INC
1,106$927.8M0.25%
86
TRITHOMSON REUTERS CORP
4,960$856.8M0.23%
87
IGFISHARES GLOBAL INFRASTRUCTURE
15,657$856.0M0.23%
88
BMOBANK OF MONTREAL
8,428$805.6M0.22%
89
ASMLASML HOLDING NV
1,200$795.2M0.22%
90
ENBENBRIDGE INC
15,761$698.3M0.19%
91
BPBP PLC
19,680$665.0M0.18%
92
BSXBOSTON SCIENTIFIC CORP
8,530$664.1M0.18%
93
BRK/BBERKSHIRE HATHAWAY INC
1,218$648.7M0.18%
94
MUFGMITSUBISHI UFJ FINANCIAL GROUP
45,310$617.6M0.17%
95
RIORIO TINTO PLC
9,680$581.6M0.16%
96
BHPBHP GROUP LTD
11,080$537.8M0.15%
97
AMGNAMGEN INC
1,700$529.6M0.14%
98
TRPTC ENERGY CORP
10,975$518.8M0.14%
99
VEAVANGUARD FTSE DEVELOPED MARKET
10,000$508.3M0.14%
100
AAPLAPPLE INC
2,640$485.0M0.13%
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