LOUISBOURG INVESTMENTS INC.

hedge fundUpdated 49 days ago

Managed by Louisbourg Investments Inc. • Latest filing Q2 2026

Portfolio value

$542.1M

Q2 2026

Filings

11

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

21.8%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 11 quarters

Show data table

Period	Portfolio value
Q4 2023	$331.2M
Q1 2024	$359.7M
Q2 2024	$356.9M
Q3 2024	$395.4M
Q4 2024	$381M
Q1 2025	$368M
Q2 2025	$424.3M
Q3 2025	$458.2M
Q4 2025	$501.9M
Q1 2026	$528.8M
Q2 2026	$542.1M

Top holdings

210 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	C CNI CANADIAN NATIONAL RAILWAY CO	$30M	251.8K	5.53%	Trimmed(-12.4%)
2	S SHOP SHOPIFY INC	$17.5M	153.7K	3.24%	Added(+24.3%)
3	T TCKRF TECK RESOURCES LTD	$14.7M	247.1K	2.71%	Added(+40.5%)
4	G GOOGN ALPHABET INC	$13.3M	45.2K	2.45%	Trimmed(-11.6%)
5	E ETHA ISHARES CORE S&P 500 ETF	$12.9M	17.3K	2.38%	Trimmed(-6.5%)
6	S SU SUNCOR ENERGY INC	$12.8M	238.1K	2.36%	Added(+189.6%)
7	T TSMWF TSMC	$12.6M	30.5K	2.33%	Trimmed(-18.8%)
8	M MSFT MICROSOFT CORP	$12.4M	41.3K	2.29%	Trimmed(-3.5%)
9	C CVE CENOVUS ENERGY INC	$12.2M	491.3K	2.24%	Added(+118.2%)
10	B BXDIF BROOKFIELD CORP	$11.5M	269.6K	2.12%	Added(+1.8%)
11	V VGES VANGUARD S&P 500 ETF	$9.9M	14.3K	1.82%	Added(+3.5%)
12	E ETHA ISHARES CORE MSCI EAFE ETF	$9.5M	98.5K	1.76%	Added(+3.5%)
13	A AMZN AMAZON.COM INC	$9.5M	49.9K	1.75%	Added(+0.9%)
14	A AVGO BROADCOM INC	$9M	28.6K	1.66%	Trimmed(-2.5%)
15	B BB BLACKBERRY LTD	$8.6M	679.4K	1.58%	—
16	C CRM SALESFORCE INC	$8.4M	68.2K	1.56%	Added(+25.9%)
17	C CIGI COLLIERS INTERNATIONAL GROUP I	$8.1M	86.9K	1.50%	Added(+14.6%)
18	G GIL GILDAN ACTIVEWEAR INC	$7.9M	153.5K	1.46%	Trimmed(-1.3%)
19	N NTR NUTRIEN LTD	$7.8M	123.3K	1.43%	Added(+71.2%)
20	M META META PLATFORMS INC	$7.7M	17.2K	1.43%	Added(+15.7%)

C

CANADIAN NATIONAL RAILWAY CO

-12.4%

Value

$30M

Shares

251.8K

% Port

5.53%

S

SHOPIFY INC

+24.3%

Value

$17.5M

Shares

153.7K

% Port

3.24%

T

TECK RESOURCES LTD

+40.5%

Value

$14.7M

Shares

247.1K

% Port

2.71%

G

ALPHABET INC

-11.6%

Value

$13.3M

Shares

45.2K

% Port

2.45%

E

ISHARES CORE S&P 500 ETF

-6.5%

Value

$12.9M

Shares

17.3K

% Port

2.38%

S

6.SU

SUNCOR ENERGY INC

+189.6%

Value

$12.8M

Shares

238.1K

% Port

2.36%

T

TSMC

-18.8%

Value

$12.6M

Shares

30.5K

% Port

2.33%

M

MICROSOFT CORP

-3.5%

Value

$12.4M

Shares

41.3K

% Port

2.29%

C

CENOVUS ENERGY INC

+118.2%

Value

$12.2M

Shares

491.3K

% Port

2.24%

B

BROOKFIELD CORP

+1.8%

Value

$11.5M

Shares

269.6K

% Port

2.12%

V

VANGUARD S&P 500 ETF

+3.5%

Value

$9.9M

Shares

14.3K

% Port

1.82%

E

ISHARES CORE MSCI EAFE ETF

+3.5%

Value

$9.5M

Shares

98.5K

% Port

1.76%

A

AMAZON.COM INC

+0.9%

Value

$9.5M

Shares

49.9K

% Port

1.75%

A

BROADCOM INC

-2.5%

Value

$9M

Shares

28.6K

% Port

1.66%

B

15.BB

BLACKBERRY LTD

Value

$8.6M

Shares

679.4K

% Port

1.58%

C

16.CRM

SALESFORCE INC

+25.9%

Value

$8.4M

Shares

68.2K

% Port

1.56%

C

COLLIERS INTERNATIONAL GROUP I

+14.6%

Value

$8.1M

Shares

86.9K

% Port

1.50%

G

18.GIL

GILDAN ACTIVEWEAR INC

-1.3%

Value

$7.9M

Shares

153.5K

% Port

1.46%

N

19.NTR

NUTRIEN LTD

+71.2%

Value

$7.8M

Shares

123.3K

% Port

1.43%

M

META PLATFORMS INC

+15.7%

Value

$7.7M

Shares

17.2K

% Port

1.43%

View full portfolio (210 holdings) →

Explore

All funds Consensus buys Trending this quarter Compare portfolios What is a 13F?Filing deadlines