Investor: Tye Bousada & Geoff MacDonald
Number of Assets: 41
Reporting Period: Q2 - 2025
Holdings at Report: $13,221,538,661
Return Since Report: +$698,623,520
Return Since Report: +5.28%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Brookfield Corp. (BN) | Equity | -89.50% | 570,476 | 0.27% | $61.93 | $66.49 | $35,329,925 | $37,930,949 | +$2,601,024 | +7.36% |
| Dollar Tree Inc. (DLTR) | Equity | +12.28% | 10,825,801 | 8.12% | $99.04 | $96.00 | $1,072,187,331 | $1,039,276,896 | -$32,910,435 | -3.07% |
| Gentex Corp. (GNTX) | Equity | -21.93% | 5,637,882 | 0.94% | $21.99 | $28.19 | $123,977,025 | $158,903,704 | +$34,926,679 | +28.17% |
| Hudbay Minerals Inc. (HBM) | Equity | -10.99% | 6,790,925 | 0.55% | $10.62 | $13.04 | $72,107,027 | $88,553,662 | +$16,446,635 | +22.81% |
| International Flavors & Fragrances Inc. (IFF) | Equity | 0% | 54,295 | 0.03% | $73.55 | $65.00 | $3,993,397 | $3,529,175 | -$464,222 | -11.62% |
| Jones Lang Lasalle Inc. (JLL) | Equity | +21.04% | 2,221,528 | 4.30% | $255.78 | $307.29 | $568,222,432 | $682,653,339 | +$114,430,907 | +20.14% |
| Lifezone Metals Limited | Equity | +100% | 17,175 | 0.00% | $4.12 | N/A | $70,761 | N/A | N/A | N/A |
| LKQ Corp. (LKQ) | Equity | -8.69% | 4,466,303 | 1.25% | $37.01 | $32.17 | $165,297,874 | $143,680,968 | -$21,616,906 | -13.08% |
| Lyft Inc. (LYFT) | Equity | +49.82% | 21,307 | 0.00% | $15.76 | $18.27 | $335,798 | $389,172 | +$53,374 | +15.89% |
| Norfolk Southern Corp. (NSC) | Equity | +4.62% | 4,182,921 | 8.11% | $255.97 | $273.91 | $1,070,702,288 | $1,145,743,891 | +$75,041,603 | +7.01% |
| Nu Holdings Ltd. (NU) | Equity | +100% | 13,573 | 0.00% | $13.72 | $15.35 | $186,222 | $208,373 | +$22,151 | +11.89% |
| OR Royalties INC | Equity | +100% | 23,636,368 | 4.60% | $25.72 | N/A | $607,896,432 | N/A | N/A | N/A |
| Parker-Hannifin Corp. (PH) | Equity | +100% | 400 | 0.00% | $698.47 | $753.42 | $279,388 | $301,366 | +$21,978 | +7.87% |
| Quest Diagnostics Inc. (DGX) | Equity | +100% | 1,271 | 0.00% | $179.63 | $183.26 | $228,310 | $232,917 | +$4,607 | +2.02% |
| Rb Global Inc. (RBA) | Equity | -9.40% | 6,884,790 | 5.54% | $106.31 | $116.07 | $731,897,032 | $799,117,575 | +$67,220,543 | +9.18% |
| Restaurant Brands International Inc. (QSR) | Equity | -5.80% | 12,919,854 | 6.50% | $66.38 | $61.66 | $857,571,665 | $796,638,198 | -$60,933,467 | -7.11% |
| Robinhood Markets Inc. (HOOD) | Equity | +100% | 4,392 | 0.00% | $93.63 | $117.99 | $411,223 | $518,190 | +$106,967 | +26.01% |
| Ross Stores Inc. (ROST) | Equity | +8.87% | 4,414,920 | 4.27% | $127.58 | $148.82 | $563,255,494 | $657,028,394 | +$93,772,900 | +16.65% |
| Solitario Resources Corp. (XPL) | Equity | 0% | 7,272,727 | 0.04% | $0.65 | $0.83 | $4,727,273 | $6,029,091 | +$1,301,818 | +27.54% |
| Te Connectivity PLC (TEL) | Equity | +3.22% | 4,240,901 | 5.42% | $168.67 | $208.14 | $715,312,772 | $882,701,134 | +$167,388,362 | +23.40% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +282.46% | 1,323,065 | 4.06% | $405.46 | $483.89 | $536,449,935 | $640,211,308 | +$103,761,373 | +19.34% |
| Twist Bioscience Corp. (TWST) | Equity | +114.33% | 2,385,942 | 0.66% | $36.79 | $24.82 | $87,778,806 | $59,207,151 | -$28,571,655 | -32.55% |
| Linc.Oln Electric Holdings Inc. (LECO) | Equity | -7.80% | 1,897,085 | 2.98% | $207.32 | $238.76 | $393,303,662 | $452,938,529 | +$59,634,867 | +15.16% |
| Mattel Inc. (MAT) | Equity | +12.90% | 40,823,584 | 6.10% | $19.72 | $18.33 | $805,041,076 | $748,092,177 | -$56,948,899 | -7.07% |
| PG&E Corp. (PCG) | Equity | +57.66% | 22,140 | 0.00% | $13.94 | $14.94 | $308,632 | $330,772 | +$22,140 | +7.17% |
| Rambus Inc. (RMBS) | Equity | +138.40% | 2,787,327 | 1.35% | $64.02 | $74.42 | $178,444,675 | $207,418,939 | +$28,974,264 | +16.24% |
| Revvity Inc. (RVTY) | Equity | +26.65% | 6,789,660 | 4.97% | $96.72 | $85.40 | $656,695,915 | $579,803,016 | -$76,892,899 | -11.71% |
| Sealed Air Corp. (SEE) | Equity | +23.51% | 24,274 | 0.01% | $31.03 | $31.91 | $753,222 | $774,583 | +$21,361 | +2.84% |
| Tucows Inc. (TCX) | Equity | +0.59% | 2,118,575 | 0.32% | $19.77 | $18.05 | $41,877,132 | $38,229,686 | -$3,647,446 | -8.71% |
| Warner Bros. Discovery Inc. (WBD) | Equity | +1.51% | 22,417,640 | 1.95% | $11.46 | $12.35 | $256,906,154 | $276,745,766 | +$19,839,612 | +7.72% |
| Algonquin Power & Utilities Corp. (AQN) | Equity | +34.44% | 56,764,441 | 2.46% | $5.72 | $5.63 | $324,933,606 | $319,299,981 | -$5,633,625 | -1.73% |
| Ats Corp. (ATS) | Equity | +28.22% | 6,434,005 | 1.56% | $31.91 | $26.75 | $205,329,822 | $172,109,634 | -$33,220,188 | -16.18% |
| Cogent Communications Holdings Inc. (CCOI) | Equity | +13.28% | 2,279,440 | 0.83% | $48.21 | $36.75 | $109,891,802 | $83,758,023 | -$26,133,779 | -23.78% |
| Dayforce Inc. (DAY) | Equity | +17.20% | 16,244,490 | 6.82% | $55.39 | $68.94 | $899,782,301 | $1,119,895,141 | +$220,112,840 | +24.46% |
| Franco-Nevada Corp. (FNV) | Equity | -3.77% | 3,558,461 | 4.43% | $164.28 | $196.37 | $584,596,948 | $698,774,987 | +$114,178,039 | +19.53% |
| Gildan Activewear Inc. (GIL) | Equity | -0.98% | 1,480,497 | 0.55% | $49.31 | $54.78 | $72,997,983 | $81,101,626 | +$8,103,643 | +11.10% |
| Ametek Inc. (AME) | Equity | +24.36% | 2,926,530 | 4.01% | $180.96 | $186.87 | $529,584,869 | $546,880,661 | +$17,295,792 | +3.27% |
| Applied Materials Inc. (AMAT) | Equity | +3.58% | 4,991,467 | 6.92% | $183.07 | $163.15 | $913,787,864 | $814,332,884 | -$99,454,980 | -10.88% |
| Brookfield Asset Management Ltd. (BAM) | Equity | 0% | 159,255 | 0.07% | $55.38 | $53.93 | $8,820,077 | $8,588,622 | -$231,455 | -2.62% |