Instuitional Investor - Portland Investment Counsel Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Cigna Group	CI	226,000	$61,433,580	18.1%
2.	Verizon Communications Inc	VZ	894,200	$41,016,954	12.09%
3.	Berkshire Hathaway Inc	BRK-B	71,073	$35,390,800	10.43%
4.	South Bow Corporation	SOBO	951,824	$31,527,954	9.29%
5.	Toronto Dominion Bank Ont	TD	186,700	$21,951,676	6.47%