LOUISBOURG INVESTMENTS INC. Q4 2025 Filing

Filed January 16, 2026

Portfolio Value

$501.9M

Holdings

213

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (213 positions)

#StockSharesValue% PortfolioType
1
CNRCANADIAN NATIONAL RAILWAY CO
289,946$28.7M5.72%
2
MSFTMICROSOFT CORP
33,247$13.3M2.65%
3
GOOGALPHABET INC
49,683$13.1M2.60%
4
IVVISHARES CORE S&P 500 ETF
17,880$12.2M2.44%
5
WPMWHEATON PRECIOUS METALS CORP
91,770$10.8M2.15%
6
SHOPSHOPIFY INC
66,870$10.8M2.15%
7
TSMTSMC
40,369$10.5M2.10%
8
RCI/BROGERS COMMUNICATIONS INC
261,833$9.9M1.97%
9
GILGILDAN ACTIVEWEAR INC
145,996$9.1M1.82%
10
PPLPEMBINA PIPELINE CORP
227,338$8.7M1.73%
11
VOOVANGUARD S&P 500 ETF
13,237$8.3M1.65%
12
CRMSALESFORCE INC
39,198$8.3M1.65%
13
AMZNAMAZON.COM INC
43,301$8.2M1.63%
14
AQLTISHARES CORE MSCI EAFE ETF
91,057$8.1M1.62%
15
LSPDLIGHTSPEED COMMERCE INC
646,233$7.8M1.56%
16
OROR ROYALTIES INC
219,271$7.8M1.55%
17
BNBROOKFIELD CORP
167,148$7.7M1.53%
18
TECK/BTECK RESOURCES LTD
159,462$7.6M1.52%
19
CIGICOLLIERS INTERNATIONAL GROUP I
51,772$7.6M1.52%
20
BYDBOYD GROUP INC
46,456$7.3M1.45%
21
BDXBECTON DICKINSON & CO
46,814$7.2M1.44%
22
METAMETA PLATFORMS INC
13,555$7.2M1.43%
23
AVGOBROADCOM INC
23,051$6.9M1.37%
24
TMUST-MOBILE US INC
41,923$6.8M1.36%
25
DSGDESCARTES SYSTEMS GROUP INC/TH
71,863$6.3M1.26%
26
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS
93,718$6.3M1.25%
27
BRK-BBERKSHIRE HATHAWAY INC
8$6.0M1.20%
28
GIB/ACGI INC
61,824$5.7M1.14%
29
ATSATS CORP
207,130$5.7M1.14%
30
BNSBANK OF NOVA SCOTIA/THE
77,235$5.7M1.14%
31
JNJJOHNSON & JOHNSON
32,912$5.7M1.13%
32
OTISOTIS WORLDWIDE CORP
76,277$5.4M1.08%
33
QSRRESTAURANT BRANDS INTERNATIONA
78,097$5.3M1.06%
34
HBMHUDBAY MINERALS INC
263,900$5.2M1.05%
35
NTRNUTRIEN LTD
84,193$5.2M1.04%
36
JJACOBS SOLUTIONS INC
47,612$5.1M1.02%
37
IMGIAMGOLD CORP
308,400$5.1M1.02%
38
NGDNEW GOLD INC
563,400$4.9M0.98%
39
EQXEQUINOX GOLD CORP
345,600$4.9M0.97%
40
KGCKINROSS GOLD CORP
171,700$4.8M0.96%
41
DISWALT DISNEY CO/THE
51,939$4.8M0.96%
42
WTWWILLIS TOWERS WATSON PLC
18,693$4.8M0.96%
43
RYROYAL BANK OF CANADA
28,015$4.8M0.95%
44
URIUNITED RENTALS INC
7,111$4.7M0.95%
45
CSGPCOSTAR GROUP INC
90,322$4.7M0.95%
46
TDTORONTO-DOMINION BANK/THE
48,419$4.6M0.91%
47
SSRMSSR MINING INC
207,800$4.6M0.91%
48
CRCCANADIAN NATURAL RESOURCES LTD
132,837$4.5M0.90%
49
EFRENERGY FUELS INC/CANADA
304,200$4.4M0.88%
50
SUSUNCOR ENERGY INC
96,579$4.3M0.86%
51
CLSCELESTICA INC
14,100$4.2M0.83%
52
AG8AGILENT TECHNOLOGIES INC
35,874$4.1M0.82%
53
STNSTANTEC INC
42,005$4.0M0.79%
54
RGLDROYAL GOLD INC
17,717$3.9M0.78%
55
DLTRDOLLAR TREE INC
39,091$3.9M0.78%
56
ABTABBOTT LABORATORIES
38,563$3.9M0.77%
57
FSVFIRSTSERVICE CORP
24,640$3.8M0.76%
58
VWOVANGUARD FTSE EMERGING MARKETS
71,236$3.8M0.76%
59
COPCONOCOPHILLIPS
50,143$3.7M0.73%
60
UNPUNION PACIFIC CORP
19,012$3.6M0.72%
61
RSPINVESCO S&P 500 EQUAL WEIGHT E
24,300$3.5M0.70%
62
DGDOLLAR GENERAL CORP
32,739$3.3M0.66%
63
DHRDANAHER CORP
18,064$3.3M0.66%
64
BKBANK OF NEW YORK MELLON CORP/T
36,827$3.2M0.65%
65
ROSTROSS STORES INC
22,267$3.2M0.64%
66
KKRKKR & CO INC
31,575$3.2M0.63%
67
ACNACCENTURE PLC
15,196$3.2M0.63%
68
CVECENOVUS ENERGY INC
180,588$3.1M0.61%
69
CBRECBRE GROUP INC
21,341$3.0M0.59%
70
GFRGREENFIRE RESOURCES LTD
597,344$2.9M0.57%
71
VVISA INC
10,376$2.8M0.56%
72
CPCANADIAN PACIFIC KANSAS CITY L
37,890$2.8M0.56%
73
ULTAULTA BEAUTY INC
5,644$2.7M0.54%
74
MCDMCDONALD'S CORP
10,349$2.7M0.54%
75
ALLEALLEGION PLC
19,619$2.6M0.52%
76
ENQENTEGRIS INC
38,519$2.5M0.49%
77
FTSFORTIS INC/CANADA
45,127$2.3M0.47%
78
DCBODOCEBO INC
101,672$2.3M0.45%
79
CNPCENTERPOINT ENERGY INC
74,258$2.2M0.44%
80
WFCWELLS FARGO & CO
30,783$2.2M0.44%
81
SAPSAP SE
8,480$2.1M0.41%
82
ORCLORACLE CORP
10,225$2.0M0.40%
83
WMTWALMART INC
17,045$1.9M0.38%
84
COSTCOSTCO WHOLESALE CORP
2,200$1.9M0.38%
85
TRITHOMSON REUTERS CORP
13,720$1.8M0.36%
86
GOOGLALPHABET INC
5,500$1.7M0.34%
87
TJXTJX COS INC/THE
10,688$1.6M0.33%
88
HDHOME DEPOT INC/THE
4,000$1.4M0.27%
89
IGFISHARES GLOBAL INFRASTRUCTURE
18,216$1.1M0.22%
90
SHELSHELL PLC
14,890$1.1M0.22%
91
BMOBANK OF MONTREAL
8,400$1.1M0.22%
92
KLACKLA CORP
856$934K0.19%
93
NFLXNETFLIX INC
11,926$903K0.18%
94
ENBENBRIDGE INC
18,308$877K0.17%
95
NVDANVIDIA CORP
4,305$802K0.16%
96
GSGOLDMAN SACHS GROUP INC/THE
1,163$776K0.15%
97
RIORIO TINTO PLC
9,680$774K0.15%
98
SMFGSUMITOMO MITSUI FINANCIAL GROU
39,152$756K0.15%
99
MUFGMITSUBISHI UFJ FINANCIAL GROUP
45,632$723K0.14%
100
ASMLASML HOLDING NV
650$695K0.14%
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