LOUISBOURG INVESTMENTS INC.
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| BOYD GROUP INC | 0 | 46,456 | +46,456 | 0 | 7,271,609 | +7,271,609 |
| HUDBAY MINERALS INC | 0 | 263,900 | +263,900 | 0 | 5,246,808 | +5,246,808 |
| IAMGOLD CORP | 0 | 308,400 | +308,400 | 0 | 5,096,498 | +5,096,498 |
| EQUINOX GOLD CORP | 0 | 345,600 | +345,600 | 0 | 4,864,019 | +4,864,019 |
| ENERGY FUELS INC/CANADA | 0 | 304,200 | +304,200 | 0 | 4,412,298 | +4,412,298 |
| ROYAL GOLD INC | 0 | 17,717 | +17,717 | 0 | 3,938,312 | +3,938,312 |
| FIRSTSERVICE CORP | 0 | 24,640 | +24,640 | 0 | 3,837,303 | +3,837,303 |
| COSTAR GROUP INC | 15,685 | 90,322 | +74,637 | 1,051,724 | 4,744,606 | +3,692,882 |
| ALPHABET INC | 47,788 | 49,683 | +1,895 | 9,589,731 | 13,056,081 | +3,466,350 |
| CENOVUS ENERGY INC | 775 | 180,588 | +179,813 | 13,155 | 3,059,429 | +3,046,274 |
| DESCARTES SYSTEMS GROUP INC/TH | 37,348 | 71,863 | +34,515 | 3,515,611 | 6,313,311 | +2,797,700 |
| TSMC | 36,213 | 40,369 | +4,156 | 8,597,267 | 10,537,655 | +1,940,388 |
| STANTEC INC | 21,284 | 42,005 | +20,721 | 2,294,746 | 3,969,420 | +1,674,674 |
| SUNCOR ENERGY INC | 63,931 | 96,579 | +32,648 | 2,674,622 | 4,292,713 | +1,618,091 |
| T-MOBILE US INC | 27,319 | 41,923 | +14,604 | 5,245,082 | 6,806,836 | +1,561,754 |
| TECK RESOURCES LTD | 139,912 | 159,462 | +19,550 | 6,135,786 | 7,645,008 | +1,509,222 |
| SALESFORCE INC | 36,802 | 39,198 | +2,396 | 6,783,215 | 8,286,052 | +1,502,837 |
| COGNIZANT TECHNOLOGY SOLUTIONS | 91,986 | 93,718 | +1,732 | 4,788,872 | 6,256,336 | +1,467,464 |
| INVESCO S&P 500 EQUAL WEIGHT E | 15,350 | 24,300 | +8,950 | 2,112,566 | 3,537,142 | +1,424,576 |
| PEMBINA PIPELINE CORP | 180,723 | 227,338 | +46,615 | 7,304,995 | 8,673,212 | +1,368,217 |
| AMAZON.COM INC | 38,974 | 43,301 | +4,327 | 6,889,581 | 8,162,008 | +1,272,427 |
| THOMSON REUTERS CORP | 4,256 | 13,720 | +9,464 | 660,674 | 1,813,151 | +1,152,477 |
| OTIS WORLDWIDE CORP | 59,131 | 76,277 | +17,146 | 4,316,641 | 5,403,442 | +1,086,801 |
| META PLATFORMS INC | 10,914 | 13,555 | +2,641 | 6,296,960 | 7,183,033 | +886,073 |
| CGI INC | 55,973 | 61,824 | +5,851 | 4,984,134 | 5,718,697 | +734,563 |
| ROYAL BANK OF CANADA | 27,910 | 28,015 | +105 | 4,112,420 | 4,782,745 | +670,325 |
| DOLLAR GENERAL CORP | 35,302 | 32,739 | -2,563 | 2,692,123 | 3,333,371 | +641,248 |
| KKR & CO INC | 25,357 | 31,575 | +6,218 | 2,535,837 | 3,168,955 | +633,118 |
| BECTON DICKINSON & CO | 46,790 | 46,814 | +24 | 6,637,823 | 7,206,533 | +568,710 |
| DOLLAR TREE INC | 45,304 | 39,091 | -6,213 | 3,326,235 | 3,892,011 | +565,776 |
| ABBOTT LABORATORIES | 31,544 | 38,563 | +7,019 | 3,335,734 | 3,885,801 | +550,067 |
| VANGUARD S&P 500 ETF | 12,658 | 13,237 | +579 | 7,751,769 | 8,301,589 | +549,820 |
| KINROSS GOLD CORP | 173,500 | 171,700 | -1,800 | 4,304,784 | 4,843,077 | +538,293 |
| NEW GOLD INC | 614,100 | 563,400 | -50,700 | 4,398,087 | 4,916,288 | +518,201 |
| TOTALENERGIES SE | 0 | 7,240 | +7,240 | 0 | 473,641 | +473,641 |
| WELLS FARGO & CO | 28,744 | 30,783 | +2,039 | 1,769,830 | 2,186,367 | +416,537 |
| ISHARES CORE MSCI EAFE ETF | 88,591 | 91,057 | +2,466 | 7,734,857 | 8,145,935 | +411,078 |
| ENTEGRIS INC | 30,325 | 38,519 | +8,194 | 2,080,263 | 2,483,443 | +403,180 |
| GREENFIRE RESOURCES LTD | 533,379 | 597,344 | +63,965 | 2,455,973 | 2,854,665 | +398,692 |
| NETFLIX INC | 538 | 11,926 | +11,388 | 521,763 | 903,324 | +381,561 |
| VISA INC | 9,719 | 10,376 | +657 | 2,484,607 | 2,817,176 | +332,569 |
| SUMITOMO MITSUI FINANCIAL GROU | 26,652 | 39,152 | +12,500 | 446,154 | 756,808 | +310,654 |
| BROADCOM INC | 23,610 | 23,051 | -559 | 6,586,755 | 6,893,794 | +307,039 |
| WALT DISNEY CO/THE | 49,455 | 51,939 | +2,484 | 4,536,648 | 4,835,087 | +298,439 |
| ALPHABET INC | 5,865 | 5,500 | -365 | 1,425,781 | 1,721,500 | +295,719 |
| COLLIERS INTERNATIONAL GROUP I | 46,847 | 51,772 | +4,925 | 7,324,702 | 7,620,373 | +295,671 |
| ROSS STORES INC | 24,635 | 22,267 | -2,368 | 2,914,138 | 3,199,450 | +285,312 |
| LIGHTSPEED COMMERCE INC | 652,062 | 646,233 | -5,829 | 7,527,215 | 7,807,981 | +280,766 |
| ACCENTURE PLC | 15,360 | 15,196 | -164 | 2,912,264 | 3,162,640 | +250,376 |
| CANADIAN NATIONAL RAILWAY CO | 302,143 | 289,946 | -12,197 | 28,484,482 | 28,717,474 | +232,992 |
| ROGERS COMMUNICATIONS INC | 281,520 | 261,833 | -19,687 | 9,688,688 | 9,897,540 | +208,852 |
| INVESCO LTD | 0 | 7,475 | +7,475 | 0 | 196,368 | +196,368 |
| CENTERPOINT ENERGY INC | 69,518 | 74,258 | +4,740 | 2,006,392 | 2,191,649 | +185,257 |
| UNION PACIFIC CORP | 18,098 | 19,012 | +914 | 3,450,083 | 3,620,207 | +170,124 |
| CELESTICA INC | 16,300 | 14,100 | -2,200 | 4,009,957 | 4,176,814 | +166,857 |
| WILLIS TOWERS WATSON PLC | 17,671 | 18,693 | +1,022 | 4,654,292 | 4,818,285 | +163,993 |
| CONOCOPHILLIPS | 48,642 | 50,143 | +1,501 | 3,511,057 | 3,658,344 | +147,287 |
| GOLDMAN SACHS GROUP INC/THE | 1,084 | 1,163 | +79 | 630,868 | 776,046 | +145,178 |
| MCDONALD'S CORP | 9,992 | 10,349 | +357 | 2,566,216 | 2,708,940 | +142,724 |
| WALMART INC | 17,045 | 17,045 | 0 | 1,756,658 | 1,898,983 | +142,325 |
| RIO TINTO PLC | 9,680 | 9,680 | 0 | 638,977 | 774,690 | +135,713 |
| CENCORA INC | 78 | 430 | +352 | 24,377 | 145,232 | +120,855 |
| TJX COS INC/THE | 10,688 | 10,688 | 0 | 1,544,844 | 1,641,784 | +96,940 |
| ATS CORP | 215,295 | 207,130 | -8,165 | 5,630,983 | 5,713,983 | +83,000 |
| AMGEN INC | 1,700 | 1,700 | 0 | 479,740 | 556,427 | +76,687 |
| BARRICK MINING CORP | 10,205 | 9,185 | -1,020 | 335,084 | 400,679 | +65,595 |
| CANADIAN PACIFIC KANSAS CITY L | 36,700 | 37,890 | +1,190 | 2,732,530 | 2,793,510 | +60,980 |
| MANULIFE FINANCIAL CORP | 11,565 | 11,565 | 0 | 360,217 | 420,545 | +60,328 |
| VANGUARD FTSE EMERGING MARKETS | 69,608 | 71,236 | +1,628 | 3,771,369 | 3,829,654 | +58,285 |
| ISHARES GLOBAL INFRASTRUCTURE | 17,419 | 18,216 | +797 | 1,064,649 | 1,117,734 | +53,085 |
| DANAHER CORP | 21,480 | 18,064 | -3,416 | 3,268,266 | 3,320,320 | +52,054 |
| BHP GROUP LTD | 11,080 | 11,080 | 0 | 617,710 | 668,900 | +51,190 |
| BOSTON SCIENTIFIC CORP | 7,280 | 7,867 | +587 | 534,893 | 585,243 | +50,350 |
| APPLE INC | 2,640 | 2,640 | 0 | 564,644 | 607,447 | +42,803 |
| SAP SE | 7,580 | 8,480 | +900 | 2,025,452 | 2,059,877 | +34,425 |
| CISCO SYSTEMS INC | 3,083 | 3,133 | +50 | 210,939 | 241,335 | +30,396 |
| VANGUARD FTSE DEVELOPED MARKET | 10,000 | 10,000 | 0 | 599,200 | 624,700 | +25,500 |
| CAPITAL ONE FINANCIAL CORP | 810 | 815 | +5 | 172,190 | 197,523 | +25,333 |
| FOX CORP | 3,990 | 3,740 | -250 | 251,609 | 273,282 | +21,673 |
| GE HEALTHCARE TECHNOLOGIES INC | 2,625 | 2,665 | +40 | 197,137 | 218,583 | +21,446 |
| ALTRIA GROUP INC | 1,714 | 2,308 | +594 | 113,227 | 133,079 | +19,852 |
| UNIVERSAL HEALTH SERVICES INC | 1,055 | 1,080 | +25 | 215,684 | 235,462 | +19,778 |
| BROOKFIELD INFRASTRUCTURE PART | 4,958 | 5,128 | +170 | 163,332 | 178,503 | +15,171 |
| SUN LIFE FINANCIAL INC | 4,967 | 4,955 | -12 | 298,177 | 309,751 | +11,574 |
| RTX CORP | 635 | 635 | 0 | 106,255 | 116,459 | +10,204 |
| SOUNDHOUND AI INC | 0 | 1,000 | +1,000 | 0 | 9,970 | +9,970 |
| GRANITE REAL ESTATE INVESTMENT | 2,400 | 2,400 | 0 | 133,318 | 143,079 | +9,761 |
| CAMECO CORP | 0 | 100 | +100 | 0 | 9,170 | +9,170 |
| EMERA INC | 6,400 | 6,400 | 0 | 306,966 | 315,844 | +8,878 |
| TC ENERGY CORP | 10,975 | 10,975 | 0 | 596,565 | 605,202 | +8,637 |
| MOLSON COORS BEVERAGE CO | 3,770 | 3,820 | +50 | 170,593 | 178,318 | +7,725 |
| LOCKHEED MARTIN CORP | 49 | 66 | +17 | 24,461 | 31,922 | +7,461 |
| COINBASE GLOBAL INC | 0 | 23 | +23 | 0 | 5,201 | +5,201 |
| BERKSHIRE HATHAWAY INC | 8 | 8 | 0 | 6,033,600 | 6,038,400 | +4,800 |
| NEWMONT CORP | 305 | 305 | 0 | 25,715 | 30,454 | +4,739 |
| PACIFIC BIOSCIENCES OF CALIFOR | 0 | 1,900 | +1,900 | 0 | 3,553 | +3,553 |
| STATE STREET HEALTH CARE SELEC | 210 | 210 | 0 | 29,226 | 32,508 | +3,282 |
| ARCHER AVIATION INC | 265 | 745 | +480 | 2,539 | 5,602 | +3,063 |
| TWIST BIOSCIENCE CORP | 0 | 95 | +95 | 0 | 3,013 | +3,013 |
| CBOE GLOBAL MARKETS INC | 392 | 392 | 0 | 96,138 | 98,392 | +2,254 |