GFI Investment Counsel Ltd.

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
29
Quarter
2025 Q4
Top Holding
BAM (16.7%)
Top 10 Concentration
77.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 29
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BAM
BROOKFIELD ASSE...
Financial Services 16.72% #1
Prev: #—
8.7 3,473,984 no change
NEW
3,473,984 $182,089,566 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 7.99% 9.91% #2 1
Prev: #1
3.2 -3,889 -2.1%
P
S
179,893 $86,999,853 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 7.85% 8.80% #3 1
Prev: #2
3.1 -3,652 -1.5%
P
S
243,834 $85,515,022 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MCO
MOODYS CORP
Financial Services 7.43% 8.01% #4 1
Prev: #3
3.0 -2,965 -1.8%
P
S
158,415 $80,926,303 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HLT
HILTON WORLDWID...
Consumer Cyclical 7.14% 7.42% #5 1
Prev: #4
2.9 -4,171 -1.5%
P
S
270,650 $77,744,213 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AXP
AMERICAN EXPRES...
Financial Services 6.92% 7.12% #6
Prev: #6
2.8 -2,174 -1.1%
P
S
203,789 $75,391,741 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSCI
MSCI INC
Financial Services 6.23% 7.05% #7
Prev: #7
2.5 -1,082 -0.9%
P
S
118,234 $67,834,393 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FERG
FERGUSON ENTERP...
Industrials 5.89% 6.63% #8 2
Prev: #10
4.4 4,363 1.5%
P
S
287,873 $64,089,166 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
G
GENPACT LIMITED
Technology 5.67% 5.83% #9 4
Prev: #13
2.3 -15,680 -1.2%
P
S
1,320,185 $61,758,254 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SHW
SHERWIN WILLIAM...
Basic Materials 5.61% 6.84% #10 2
Prev: #8
2.2 -1,403 -0.7%
P
S
188,402 $61,047,900 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ROP
ROPER TECHNOLOG...
Technology 5.61% 7.28% #11 6
Prev: #5
2.2 -3,181 -2.3%
P
S
137,120 $61,036,226 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AON
AON PLC
Financial Services 5.42% 6.22% #12 1
Prev: #11
2.2 -434 -0.3%
P
S
167,162 $58,988,127 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OTIS
OTIS WORLDWIDE ...
Industrials 5.14% 6.14% #13 1
Prev: #12
2.1 -4,498 -0.7%
P
S
641,041 $55,994,931 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EFX
EQUIFAX INC
Industrials 4.99% 6.69% #14 5
Prev: #9
2.0 -218 -0.1%
P
S
250,462 $54,345,245 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BIL
SPDR SERIES TRU...
ETF 0.53% 0.62% #15
Prev: #15
0.2 -1,888 -2.9%
P
S
63,217 $5,776,769 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FSV
FIRSTSERVICE CO...
Real Estate 0.18% 0.25% #16 1
Prev: #17
0.1 no change no change
P
S
12,559 $1,954,247 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 0.17% #17
Prev: #—
2.1 5,828 no change
NEW
5,828 $1,824,164 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRM
SALESFORCE INC
Technology 0.15% 0.58% #18 2
Prev: #16
0.3 -16,961 -72.7%
P
S
6,360 $1,684,828 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 0.12% 0.07% #19
Prev: #19
2.3 2,384 96.1%
P
S
4,864 $1,322,327 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IGIB
ISHARES TR
ETF 0.06% 0.07% #20 2
Prev: #18
0.0 no change no change
P
S
11,984 $645,698 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 0.06% 0.06% #21 1
Prev: #20
0.0 no change no change
P
S
1,197 $601,672 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BAH
BOOZ ALLEN HAMI...
Industrials 0.03% 4.24% #22 8
Prev: #14
0.3 -403,354 -99.0%
P
S
4,114 $347,057 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TSLA
TESLA INC
Consumer Cyclical 0.03% 0.03% #23 1
Prev: #22
0.0 no change no change
P
S
628 $282,424 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CBRE
CBRE GROUP INC
Real Estate 0.02% 0.02% #24
Prev: #24
0.0 no change no change
P
S
1,500 $241,185 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BAI
BLACKROCK ETF T...
ETF 0.02% #25
Prev: #—
2.0 6,490 no change
NEW
6,490 $216,117 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 0.00% 0.05%
Sold All 😨
(Was: #21)
0.3 -4,130 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COST
COSTCO WHSL COR...
Consumer Defensive 0.00% 0.02%
Sold All 😨
(Was: #23)
0.3 -257 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 0.00% 0.02%
Sold All 😨
(Was: #26)
0.3 -182 -100.0%
CLOSED
$— 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 29 holdings

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