Q2 2026 13F · SEC CIK 2053050

Louisbourg Investments Inc.

Institutional asset managerFiled 2026-07-23 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $542.1M
Reported positions: 210
Holdings vs S&P 500, 3 yrs: —
Assets under management: $2.3B

Louisbourg Investments Inc. is an institutional asset manager that reported 210 positions worth $542.1M in its Q2 2026 13F, filed 2026-07-23. Its largest holdings were Canadian Natl Ry Co (CNI, 5.5%), Shopify Inc (SHOP, 3.2%), Teck Resources Ltd (TECK, 2.7%).

Louisbourg Investments Inc. holdings largest 50 of 210 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Louisbourg Investments Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
CNICanadian Natl Ry Co	5.5%	5.6%	251,810	-12.4%	$30.0M
SHOPShopify Inc	3.2%	2.8%	153,670	+24.3%	$17.5M
TECKTeck Resources Ltd	2.7%	1.7%	247,135	+40.5%	$14.7M
GOOGAlphabet Inc	2.5%	2.3%	45,181	-11.6%	$13.3M
IVVIshares Core S&p 500 ETF	2.4%	2.3%	17,250	-6.5%	$12.9M
SUSuncor Energy Inc New	2.4%	1.0%	238,093	+189.6%	$12.8M
TSMTaiwan Semiconductor Manufac	2.3%	2.1%	30,530	-18.8%	$12.6M
MSFTMicrosoft Corp	2.3%	2.4%	41,327	-3.5%	$12.4M
CVECenovus Energy Inc	2.2%	1.1%	491,348	+118.2%	$12.2M
BNBrookfield Corp	2.1%	2.0%	269,568	+1.7%	$11.5M
VOOVanguard S&p 500 ETF	1.8%	1.6%	14,348	+3.5%	$9.9M
IEFAIshares Core Msci Eafe ETF	1.8%	1.6%	98,511	+3.5%	$9.5M
AMZNAmazon Com Inc Com	1.8%	1.6%	49,875	+0.9%	$9.5M
AVGOBroadcom Inc	1.7%	1.4%	28,622	-2.5%	$9.0M
BBRYFBlackberry Ltd	1.6%	—	679,400	—	$8.6M
CRMSalesforce Inc Com	1.6%	1.5%	68,166	+25.9%	$8.4M
CIGIColliers International Group Inc.	1.5%	1.5%	86,932	+14.6%	$8.1M
GILGildan Activewear Inc	1.5%	1.6%	153,538	-1.3%	$7.9M
NTRNutrien Ltd	1.4%	1.0%	123,328	+71.1%	$7.8M
METAMeta Platforms Inc Class A	1.4%	1.3%	17,224	+15.7%	$7.7M
TMUST-Mobile US Inc	1.4%	1.4%	56,392	+27.2%	$7.4M
WPMWheaton Precious Metals	1.4%	2.1%	65,229	-23.8%	$7.3M
TRIThomson Reuters Corp	1.3%	—	89,435	—	$7.3M
MDAMda Space Ltd.	1.3%	—	172,125	—	$7.1M
CNQCanadian Nat Res Ltd Med Term Com	1.3%	1.2%	176,650	+32.8%	$7.0M
STNStantec Inc	1.3%	1.3%	101,252	+28.9%	$7.0M
PBAPembina Pipeline Corp	1.2%	1.1%	141,477	+9.3%	$6.5M
BGSIBoyd Group Svcs Inc.	1.2%	1.2%	68,068	+32.9%	$6.4M
LSPDLightspeed Commerce Inc	1.1%	1.1%	577,980	-14.1%	$6.0M
BRK-ABerkshire Hathaway Inc Del	1.1%	1.1%	8	+0.0%	$6.0M
BSXBoston Scientific Corp	1.1%	—	182,953	—	$6.0M
OTISOtis Worldwide Corp	1.1%	1.0%	103,067	+23.1%	$5.8M
DSGXDescartes Systems Group Inc.	1.1%	1.1%	83,216	+4.4%	$5.8M
BDXBecton Dickinson & Co	1.0%	1.1%	48,315	+4.7%	$5.6M
CSGPCostar Group Inc	1.0%	1.0%	256,336	+46.4%	$5.5M
FNVFranco Nev Corp	1.0%	1.4%	26,363	-11.6%	$5.5M
BNSBank Nova Scotia B C	1.0%	1.2%	62,704	-30.0%	$5.4M
JJacobs Solutions Inc	1.0%	—	53,328	—	$5.4M
OROr Royalties Inc.	1.0%	1.6%	169,447	-23.6%	$5.4M
RYRoyal Bank of Canada	1.0%	—	25,705	—	$5.3M
QSRRestaurant Brands Intl Inc Com	1.0%	—	71,930	—	$5.2M
HBMHudbay Minerals	1.0%	1.1%	220,100	-23.0%	$5.2M
AGFirst Majestic Silver Corp	1.0%	1.1%	304,700	+9.0%	$5.2M
MEOHMethanex Corp	0.9%	—	108,820	—	$5.0M
WTWWillis Towers Watson PLC Ltd	0.9%	1.0%	24,991	+11.2%	$5.0M
ABTAbbott Laboratories	0.9%	0.9%	67,648	+14.1%	$4.7M
VWOVanguard Intl Equity Index F	0.9%	—	77,276	—	$4.6M
TDToronto Dominion Bank	0.8%	—	37,773	—	$4.6M
DISDisney Walt Co	0.8%	0.9%	58,773	-0.7%	$4.5M
FSVFirstservice Corp New Sub Vtg	0.8%	—	31,490	—	$4.5M

What Louisbourg Investments Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

SU Suncor Energy Inc New+189.6% shares
CVE Cenovus Energy Inc+118.2% shares
NTR Nutrien Ltd+71.1% shares
CSGP Costar Group Inc+46.4% shares
TECK Teck Resources Ltd+40.5% shares
BGSI Boyd Group Svcs Inc.+32.9% shares
CNQ Canadian Nat Res Ltd Med Term Com+32.8% shares
STN Stantec Inc+28.9% shares

Reduced

BNS Bank Nova Scotia B C-30.0% shares
WPM Wheaton Precious Metals-23.8% shares
OR Or Royalties Inc.-23.6% shares
HBM Hudbay Minerals-23.0% shares
TSM Taiwan Semiconductor Manufac-18.8% shares
LSPD Lightspeed Commerce Inc-14.1% shares
CNI Canadian Natl Ry Co-12.4% shares
FNV Franco Nev Corp-11.6% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.5% /yr; S&P 500 +20.1%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$542.1M	210
Q1 2026	$528.8M	216
Q4 2025	$501.9M	213
Q3 2025	$458.2M	208
Q2 2025	$424.3M	200
Q1 2025	$368.0M	180
Q4 2024	$381.0M	168
Q3 2024	$395.4M	173

Questions about Louisbourg Investments Inc.'s portfolio

What stocks does Louisbourg Investments Inc. own?

Louisbourg Investments Inc.'s latest 13F, for Q2 2026 and filed Jul 23, 2026, lists 210 positions worth $542.1M. The largest are Canadian Natl Ry Co (CNI) at 5.5%, Shopify Inc (SHOP) at 3.2%, Teck Resources Ltd (TECK) at 2.7%, Alphabet Inc (GOOG) at 2.5% and Ishares Core S&p 500 ETF (IVV) at 2.4%.

What did Louisbourg Investments Inc. buy last quarter?

In Q2 2026, Louisbourg Investments Inc. added Suncor Energy Inc New (SU) (+189.6% shares), Cenovus Energy Inc (CVE) (+118.2% shares) and Nutrien Ltd (NTR) (+71.1% shares), compared with its Q1 2026 filing.

What did Louisbourg Investments Inc. sell last quarter?

In Q2 2026, Louisbourg Investments Inc. cut from its top 50 Ssr Mining in (SSRM), cut from its top 50 Thomson Reuters Corp (TRI), cut from its top 50 Energy Fuels Inc (UUUU), cut from its top 50 Kinross Gold Corp (KGC), cut from its top 50 Iamgold Corporation (IAG), Bank Nova Scotia B C (BNS) (-30.0% shares), Wheaton Precious Metals (WPM) (-23.8% shares) and Or Royalties Inc. (OR) (-23.6% shares), compared with its Q1 2026 filing.

When is Louisbourg Investments Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Louisbourg Investments Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Louisbourg Investments Inc. manage?

Louisbourg Investments Inc. reported $2.3B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $542.1M.