Investor: Tye Bousada & Geoff MacDonald
Number of Assets: 43
Reporting Period: Q3 - 2025
Holdings at Report: $13,387,062,433
Return Since Report: +$408,707,507
Return Since Report: +3.05%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Applied Materials Inc. (AMAT) | Equity | -3.48% | 4,817,887 | 7.37% | $204.74 | $259.38 | $986,414,184 | $1,249,663,530 | +$263,249,346 | +26.69% |
| Cogent Communications Holdings Inc. (CCOI) | Equity | +0.11% | 2,281,878 | 0.65% | $38.35 | $23.33 | $87,510,021 | $53,224,804 | -$34,285,217 | -39.18% |
| Franco-Nevada Corp. (FNV) | Equity | -0.40% | 3,544,113 | 5.89% | $222.53 | $215.87 | $788,687,346 | $765,049,953 | -$23,637,393 | -3.00% |
| International Flavors & Fragrances Inc. (IFF) | Equity | 0% | 54,295 | 0.02% | $61.54 | $62.52 | $3,341,314 | $3,394,523 | +$53,209 | +1.59% |
| PG&E Corp. (PCG) | Equity | +21.50% | 26,900 | 0.00% | $15.08 | $15.25 | $405,652 | $410,091 | +$4,439 | +1.09% |
| Restaurant Brands International Inc. (QSR) | Equity | +15.35% | 14,903,208 | 7.14% | $64.14 | $70.75 | $955,854,747 | $1,054,401,966 | +$98,547,219 | +10.31% |
| Gentex Corp. (GNTX) | Equity | -95.34% | 263,000 | 0.06% | $28.30 | $23.56 | $7,442,900 | $6,196,280 | -$1,246,620 | -16.75% |
| Jones Lang Lasalle Inc. (JLL) | Equity | -5.04% | 2,109,560 | 4.70% | $298.28 | $332.02 | $629,239,557 | $700,416,111 | +$71,176,554 | +11.31% |
| Nu Holdings Ltd. (NU) | Equity | 0% | 13,573 | 0.00% | $16.01 | $17.00 | $217,304 | $230,673 | +$13,369 | +6.15% |
| Gildan Activewear Inc. (GIL) | Equity | -15.88% | 1,245,420 | 0.54% | $57.82 | $60.72 | $72,004,852 | $75,621,902 | +$3,617,050 | +5.02% |
| Lifezone Metals Limited | Equity | +65.57% | 28,437 | 0.00% | $5.48 | $0.00 | $155,835 | $0 | -$155,835 | -100% |
| OR Royalties INC | Equity | 0% | 23,636,368 | 7.08% | $40.07 | $0.00 | $947,146,611 | $0 | -$947,146,611 | -100% |
| Rambus Inc. (RMBS) | Equity | -3.74% | 2,682,956 | 2.09% | $104.20 | $95.25 | $279,564,015 | $255,551,559 | -$24,012,456 | -8.59% |
| Solitario Resources Corp. (XPL) | Equity | 0% | 7,272,727 | 0.04% | $0.70 | $0.66 | $5,076,363 | $4,763,636 | -$312,727 | -6.16% |
| Algonquin Power & Utilities Corp. (AQN) | Equity | +8.61% | 61,652,676 | 2.47% | $5.37 | $5.87 | $331,292,410 | $361,592,945 | +$30,300,535 | +9.15% |
| Brookfield Asset Management Ltd. (BAM) | Equity | 0% | 159,255 | 0.07% | $56.90 | $53.65 | $9,061,002 | $8,544,031 | -$516,971 | -5.71% |
| Dollar Tree Inc. (DLTR) | Equity | +2.89% | 11,138,183 | 7.85% | $94.37 | $129.84 | $1,051,110,330 | $1,446,181,681 | +$395,071,351 | +37.59% |
| Robinhood Markets Inc. (HOOD) | Equity | -65.73% | 1,505 | 0.00% | $143.18 | $120.19 | $215,486 | $180,886 | -$34,600 | -16.06% |
| Linc.Oln Electric Holdings Inc. (LECO) | Equity | -59.65% | 765,410 | 1.35% | $235.83 | $244.14 | $180,506,640 | $186,867,197 | +$6,360,557 | +3.52% |
| National Energy Services Reunited Corp. (NESR) | Equity | +100% | 89,999 | 0.01% | $10.26 | $14.78 | $923,390 | $1,330,185 | +$406,795 | +44.05% |
| Norfolk Southern Corp. (NSC) | Equity | -99.63% | 15,331 | 0.03% | $300.41 | $297.03 | $4,605,586 | $4,553,721 | -$51,865 | -1.13% |
| Brookfield Corp. (BN) | Equity | -5.00% | 541,974 | 0.28% | $68.50 | $45.66 | $37,124,200 | $24,747,075 | -$12,377,125 | -33.34% |
| Echostar Corp. (SATS) | Equity | +100% | 4,210 | 0.00% | $76.36 | $106.77 | $321,476 | $449,481 | +$128,005 | +39.82% |
| Mattel Inc. (MAT) | Equity | +9.40% | 44,662,760 | 5.61% | $16.83 | $20.36 | $751,674,251 | $909,110,480 | +$157,436,229 | +20.94% |
| Ross Stores Inc. (ROST) | Equity | -0.33% | 4,400,499 | 5.01% | $152.39 | $183.29 | $670,592,043 | $806,567,462 | +$135,975,419 | +20.28% |
| Tucows Inc. (TCX) | Equity | 0% | 2,118,575 | 0.29% | $18.48 | $18.14 | $39,144,682 | $38,430,951 | -$713,731 | -1.82% |
| Lyft Inc. (LYFT) | Equity | -22.72% | 16,466 | 0.00% | $22.01 | $20.44 | $362,417 | $336,483 | -$25,934 | -7.16% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +4.96% | 1,388,662 | 5.03% | $485.02 | $571.69 | $673,528,843 | $793,884,179 | +$120,355,336 | +17.87% |
| Ats Corp. (ATS) | Equity | -0.82% | 6,381,294 | 1.25% | $26.16 | $27.51 | $166,911,934 | $175,549,398 | +$8,637,464 | +5.17% |
| Dayforce Inc. (DAY) | Equity | +5.47% | 17,133,208 | 8.82% | $68.89 | $69.24 | $1,180,306,699 | $1,186,303,322 | +$5,996,623 | +0.51% |
| LKQ Corp. (LKQ) | Equity | +26.44% | 5,647,307 | 1.29% | $30.54 | $30.84 | $172,468,756 | $174,162,948 | +$1,694,192 | +0.98% |
| Te Connectivity PLC (TEL) | Equity | -52.55% | 2,012,496 | 3.30% | $219.53 | $232.67 | $441,803,247 | $468,247,444 | +$26,444,197 | +5.99% |
| Union Pacific Corp. (UNP) | Equity | +100% | 1,728,614 | 3.05% | $236.37 | $238.97 | $408,592,491 | $413,078,245 | +$4,485,754 | +1.10% |
| Ametek Inc. (AME) | Equity | +0.17% | 2,931,374 | 4.12% | $188.00 | $201.40 | $551,098,312 | $590,384,586 | +$39,286,274 | +7.13% |
| Hudbay Minerals Inc. (HBM) | Equity | -23.07% | 5,224,213 | 0.59% | $15.14 | $18.72 | $79,113,289 | $97,797,267 | +$18,683,978 | +23.62% |
| Parker-Hannifin Corp. (PH) | Equity | 0% | 400 | 0.00% | $758.15 | $888.43 | $303,260 | $355,372 | +$52,112 | +17.18% |
| Rb Global Inc. (RBA) | Equity | -0.06% | 6,880,329 | 5.57% | $108.29 | $103.62 | $745,067,592 | $712,905,289 | -$32,162,303 | -4.32% |
| Quest Diagnostics Inc. (DGX) | Equity | +66756.96% | 849,752 | 1.21% | $190.58 | $181.99 | $161,945,736 | $154,646,366 | -$7,299,370 | -4.51% |
| Revvity Inc. (RVTY) | Equity | +26.28% | 8,574,280 | 5.61% | $87.65 | $100.82 | $751,535,642 | $864,458,910 | +$112,923,268 | +15.03% |
| Six Flags Entertainment Corp. (FUN) | Equity | +100% | 3,114,600 | 0.53% | $22.72 | $14.91 | $70,763,712 | $46,438,686 | -$24,325,026 | -34.38% |
| Sealed Air Corp. (SEE) | Equity | +2079.62% | 529,082 | 0.14% | $35.35 | $41.58 | $18,703,049 | $21,996,584 | +$3,293,535 | +17.61% |
| Talon CAP corp | Equity | +100% | 1,000,000 | 0.08% | $10.05 | N/A | $10,048,800 | N/A | N/A | N/A |
| Twist Bioscience Corp. (TWST) | Equity | +71.10% | 4,082,319 | 0.86% | $28.14 | $31.28 | $114,876,457 | $127,694,938 | +$12,818,481 | +11.16% |