GFI Investment Counsel Ltd.

Q4 2025 13F-HR/A Holdings

Location
Toronto, A6
Holdings as of
12/31/2025
Date filed
2/25/2026
Form type
13F-HR/A - RESTATEMENT
Num holdings
26
Total value ($000)
$936,798
Net value change ($000)
-23,753 (-2.5%)
New positions
3
Sold out positions
2
Turnover %
3.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BAM 30,843 NEW
AXP 6,979 10.2%
HLT 6,444 9.0%
G 5,799 10.4%
MCO 4,032 5.2%
GOOGL 1,762 NEW
V 709 0.8%
FERG 418 0.7%
BAI 216 NEW
MSCI 133 0.2%
Top Reduces (Value $000, Stocks/ETFs)
BAH -40,379 -99.1%
EFX -9,962 -15.5%
ROP -8,931 -12.8%
MSFT -8,190 -8.6%
SHW -4,674 -7.1%
CRM -3,842 -69.5%
OTIS -3,027 -5.1%
AON -773 -1.3%
FSV -304 -12.7%
COST -238 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type