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Livermore
Livermore
ZHEN

Dixon Mitchell Investment Counsel Inc.

SEC CIK
0001993485
Latest filing
Aug 13, 2026

The latest 13F from Dixon Mitchell Investment Counsel Inc. covers Q2 2026 (filed Aug 13, 2026): 144 long positions worth $3.07B. The top 10 holdings make up 44.5% of the portfolio, and the largest is Toronto Dominion Bank (TD) at 6.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
12
Est. +$102.3M
Added
39
Est. +$194.2M
Reduced
75
Est. −$204.5M
Sold out
8
Est. −$45.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. TDToronto Dominion Bank
    6.3%$193.5MHistory
  2. RYRoyal Bank of Canada
    5.8%$178.3MHistory
  3. GOOGLAlphabet Inc.
    4.7%$143.5MHistory
  4. VVisa Inc.
    4.5%$137.8MHistory
  5. BRK.BBerkshire Hathaway Inc
    4.4%$134.1MHistory

Share of portfolio

Top 5 holdings and the other 139 positions, by share of portfolio value

  1. TD6.3%
  2. RY5.8%
  3. GOOGL4.7%
  4. V4.5%
  5. BRK.B4.4%
  6. Other 139 positions74.4%

Biggest buys

New and added positions, by estimated amount bought

  1. TRIThomson Reuters Corp
    +$26.1MNewHistory
  2. BRK.BBerkshire Hathaway Inc
    +$24.7MAddedHistory
  3. DPZDominos Pizza Inc
    +$21.4MAddedHistory
  4. APPAppLovin Corp
    +$15.2MNewHistory
  5. SPOTSpotify Technology S.A.
    +$12.7MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. TDToronto Dominion Bank
    +1.45 pp4.8% → 6.3%History
  2. RYRoyal Bank of Canada
    +1.25 pp4.6% → 5.8%History
  3. TRIThomson Reuters Corp
    +0.85 pp0.0% → 0.9%History
  4. TXNTexas Instruments Inc
    +0.79 pp1.7% → 2.5%History
  5. BRK.BBerkshire Hathaway Inc
    +0.72 pp3.6% → 4.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core MSCI Eafe ETF46432F842
    −$131.7MReduced
  2. TRIThomson Reuters Corp
    −$27.3MSold outHistory
  3. LOWLowes Companies Inc
    −$23.2MReducedHistory
  4. FTNTFortinet, Inc.
    −$20.5MReducedHistory
  5. iShares MSCI Acwi Ex U.S. ETF464288240
    −$17.4MSold out

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Core MSCI Eafe ETF46432F842
    −4.30 pp7.8% → 3.5%
  2. MEOHMethanex Corp
    −1.15 pp4.0% → 2.9%History
  3. LOWLowes Companies Inc
    −0.97 pp1.7% → 0.8%History
  4. TRIThomson Reuters Corp
    −0.95 pp0.9% → 0.0%History
  5. iShares MSCI Acwi Ex U.S. ETF464288240
    −0.61 pp0.6% → 0.0%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.07B
+$198.3M (+6.9%) vs. prior quarter
Positions
144
+4 vs. prior quarter
Top 10 concentration
44.5%
Top 10 as share of value
Turnover
8.4%
Q2 2026, one quarter
Average holding period
17.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.07B (Q2 2026)

Q1 2021: $1.21BQ2 2021: $1.35BQ3 2021: $1.43BQ4 2021: $1.61BQ1 2022: $1.68BQ2 2022: $1.40BQ3 2022: $1.34BQ4 2022: $1.49BQ1 2023: $1.60BQ2 2023: $1.75BQ3 2023: $1.65BQ4 2023: $1.88BQ1 2024: $2.01BQ2 2024: $1.99BQ3 2024: $2.20BQ4 2024: $2.16BQ1 2025: $2.22BQ2 2025: $2.57BQ3 2025: $2.81BQ4 2025: $3.03BQ1 2026: $2.88BQ2 2026: $3.07B
Q1 2021Q2 2026
13F filings of Dixon Mitchell Investment Counsel Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026144$3.07BTDRYGOOGLvs. Q1 2026SEC
Q1 2026May 14, 2026140$2.88BiShares Core MSCI Eafe ETFTDRYvs. Q4 2025SEC
Q4 2025Feb 13, 2026145$3.03BiShares Core MSCI Eafe ETFGOOGLMSFTvs. Q3 2025SEC
Q3 2025Nov 13, 202575$2.81BiShares Core MSCI Eafe ETFMSFTGOOGLvs. Q2 2025SEC
Q2 2025Aug 13, 202570$2.57BiShares Core MSCI Eafe ETFMSFTVvs. Q1 2025SEC
Q1 2025May 14, 2025103$2.22BiShares Core MSCI Eafe ETFVICEvs. Q4 2024SEC
Q4 2024Jan 15, 2025115$2.16BGOOGLVICEvs. Q3 2024SEC
Q3 2024Oct 17, 202491$2.20BGOOGLVICEvs. Q2 2024SEC
Q2 2024Jul 12, 2024161$1.99BGOOGLVBRK.Bvs. Q1 2024SEC
Q1 2024Apr 18, 2024184$2.01BVGOOGLBRK.Bvs. Q4 2023SEC
Q4 2023Jan 17, 202457$1.88BVGOOGLBRK.Bvs. Q3 2023SEC
Q3 2023Jan 17, 202459$1.65BGOOGLVBRK.Bvs. Q2 2023SEC
Q2 2023Jan 17, 202461$1.75BVBRK.BGOOGLvs. Q1 2023SEC
Q1 2023Jan 17, 202460$1.60BVBRK.BGOOGLvs. Q4 2022SEC
Q4 2022Jan 17, 202456$1.49BVBRK.BTDvs. Q3 2022SEC
Q3 2022Jan 17, 202455$1.34BVBRK.BGOOGLvs. Q2 2022SEC
Q2 2022Jan 17, 202456$1.40BVGOOGLBRK.Bvs. Q1 2022SEC
Q1 2022Jan 17, 202457$1.68BGOOGLBRK.BVvs. Q4 2021SEC
Q4 2021Jan 17, 202454$1.61BGOOGLVBRK.Bvs. Q3 2021SEC
Q3 2021Jan 17, 202456$1.43BGOOGLVBRK.Bvs. Q2 2021SEC
Q2 2021Jan 17, 202457$1.35BGOOGLBRK.BVvs. Q1 2021SEC
Q1 2021Jan 17, 202456$1.21BBRK.BGOOGLV–SEC