Dixon Mitchell Investment Counsel Inc.
Long book
$2.88B
Q1 2026
Positions
140
Top-10 weight
46%
concentration
Last quarter
+7.8%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsDixon Mitchell Investment Counsel Inc. is a diversified fundamental manager, running a $2.88B US long book across 140 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE MSCI EAFE ETF, TORONTO-DOMINION BANK, ROYAL BANK OF CANADA, MICROSOFT CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.5%
Q2 2024
+7.4%
Q3 2024
-0.5%
Q4 2024
-1.7%
Q1 2025
+9.1%
Q2 2025
+4.7%
Q3 2025
+4.9%
Q4 2025
-3.4%
Q1 2026
+7.8%
Sector allocation
Technology 24%
Financials 22%
Services media 11%
Other 11%
Industrials 9%
Consumer discretionary 6%
Materials 5%
Real estate 4%
Long book by quarter
What does Dixon Mitchell own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TD TORONTO-DOMINION BANK | Financials | 1.5M | $139.5M | 4.8% | -6.4% |
| RY ROYAL BANK OF CANADA | Financials | 812.2K | $130.9M | 4.6% | -6.8% |
| MSFT MICROSOFT CORP | Technology | 343.5K | $127.2M | 4.4% | +6.0% |
| GOOGL ALPHABET INC-CL A | Technology | 439.7K | $126.7M | 4.4% | -19.9% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 929.3K | $121.9M | 4.2% | -0.6% |
| MEOH METHANEX CORP | Other | 2.0M | $116.0M | 4.0% | -4.7% |
| V VISA INC-CLASS A SHARES | Services media | 382.0K | $115.6M | 4.0% | -0.6% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 700.7K | $110.3M | 3.8% | -0.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 218.4K | $104.8M | 3.6% | -0.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 208.6K | $102.7M | 3.6% | -1.0% |
| TFII TFI INTERNATIONAL INC | Industrials | 884.5K | $96.4M | 3.4% | -2.3% |
| AME AMETEK INC | Technology | 399.8K | $85.7M | 3.0% | -0.5% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 1.7M | $83.6M | 2.9% | -19.9% |
| BN BROOKFIELD CORP | Real estate | 2.0M | $81.8M | 2.8% | -14.3% |
| BGSI THE BOYD GROUP INC | Services media | 612.9K | $78.1M | 2.7% | -1.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 295.2K | $61.5M | 2.1% | -0.7% |
| HEI HEICO CORP | Industrials | 201.4K | $55.2M | 1.9% | -1.2% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 112.0K | $54.3M | 1.9% | New |
| ROP ROPER TECHNOLOGIES INC | Technology | 146.4K | $51.8M | 1.8% | -0.7% |
| LOW LOWE'S COS INC | Consumer discretionary | 210.9K | $49.9M | 1.7% | -0.7% |
| TXN TEXAS INSTRUMENTS INC | Technology | 255.1K | $49.6M | 1.7% | -0.9% |
| DPZ DOMINO'S PIZZA INC | Consumer discretionary | 131.9K | $47.3M | 1.6% | -0.7% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 448.4K | $46.0M | 1.6% | -10.8% |
| TFPM TRIPLE FLAG PRECIOUS MET | Financials | 1.2M | $42.8M | 1.5% | +119.1% |
| NFLX NETFLIX INC | Services media | 396.4K | $38.1M | 1.3% | +111.7% |
| META META PLATFORMS INC-CLASS A | Technology | 64.8K | $37.1M | 1.3% | -0.6% |
| HCA HCA HEALTHCARE INC | Healthcare | 75.2K | $35.6M | 1.2% | -0.8% |
| DHR DANAHER CORP | Technology | 185.3K | $35.2M | 1.2% | -0.6% |
| CSL CARLISLE COS INC | Other | 88.7K | $29.6M | 1.0% | -1.2% |
| FTNT FORTINET INC | Technology | 337.6K | $27.6M | 1.0% | -1.0% |
| TRI4EUR THOMSON REUTERS CORP | — | 303.3K | $27.3M | 0.9% | +44.0% |
| JPM JPMORGAN CHASE & CO | Financials | 89.9K | $26.5M | 0.9% | -0.7% |
| UBER UBER TECHNOLOGIES INC | Services media | 352.4K | $25.3M | 0.9% | +66.1% |
| DSGX DESCARTES SYSTEMS GRP/THE | Technology | 340.4K | $24.3M | 0.8% | +2.5% |
| CDNS CADENCE DESIGN SYS INC | Technology | 67.5K | $18.7M | 0.7% | +8199.3% |
| WCN WASTE CONNECTIONS INC | Utilities | 109.8K | $17.8M | 0.6% | -1.9% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 218.5K | $17.2M | 0.6% | -26.4% |
| MELI MERCADOLIBRE INC | Services media | 8.3K | $14.4M | 0.5% | +95.3% |
| MA MASTERCARD INC - A | Services media | 24.0K | $12.0M | 0.4% | -0.9% |
| SHOP SHOPIFY INC - CLASS A | Technology | 80.7K | $9.5M | 0.3% | -2.0% |
| CERT CERTARA INC | Technology | 1.5M | $8.8M | 0.3% | -0.5% |
| CIGI COLLIERS INTL GR-SUBORD VOT | Real estate | 79.0K | $8.4M | 0.3% | +6.8% |
| BLD* TOPBUILD CORP | — | 20.1K | $7.1M | 0.2% | -42.5% |
| ATS ATS CORP | Industrials | 211.0K | $5.9M | 0.2% | Held |
| GOOG ALPHABET INC-CL C | Technology | 3.5K | $1.0M | 0.0% | -12.6% |
| BNS BANK OF NOVA SCOTIA | Financials | 8.7K | $636K | 0.0% | -6.8% |
| MU MICRON TECHNOLOGY INC | Technology | 1.8K | $623K | 0.0% | Held |
| AEM AGNICO EAGLE MINES LTD | Materials | 2.9K | $597K | 0.0% | -2.5% |
| BMO BANK OF MONTREAL | Financials | 3.6K | $488K | 0.0% | -1.4% |
| AVGO BROADCOM INC | Technology | 1.5K | $455K | 0.0% | -1.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 140 | $2.88B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 145 | $3.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 75 | $2.81B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 70 | $2.57B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 103 | $2.22B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 115 | $2.16B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 91 | $2.20B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 161 | $1.99B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 184 | $2.01B | canonical | SEC ↗ |
Similar funds
DIAMANT ASSET MANAGEMENT, INC. LILLY ENDOWMENT INCBROOKFIELD Corp /ON/GQG Partners LLCMITSUBISHI UFJ FINANCIAL GROUP INCNewport Trust Company, LLCVIKING GLOBAL INVESTORS LPPARNASSUS INVESTMENTS, LLC MASTERCARD FOUNDATION ASSET MANAGEMENT CORPPZENA INVESTMENT MANAGEMENT LLCCOATUE MANAGEMENT LLCWinslow Capital Management, LLC