13F holdings as of 2025-09-30 · vs 2025-06-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | TRI4EURTHOMSON REUTERS CORP | 530K | $82.4M | 46.4% | -$24.3M | |
| 2 | ENBENBRIDGE INC | ADD | 709K | $35.8M | 20.1% | +$4.1M |
| 3 | RSPINVESCO EXCHANGE TRADED FD T | ADD | 147K | $27.8M | 15.7% | +$1.3M |
| 4 | IVVISHARES TR | ADD | 29K | $19.1M | 10.8% | +$8.2M |
| 5 | PBAPEMBINA PIPELINE CORP | ADD | 258K | $10.4M | 5.9% | +$881K |
| 6 | VGKVANGUARD INTL EQUITY INDEX F | ADD | 25K | $2.0M | 1.1% | +$62K |
Source: SEC Form 13F. Values are as-of 2025-09-30 (quarter-end), not live. Percentages are of reported 13F value, not the fund’s full AUM (13F excludes shorts, cash, bonds, most non-US holdings).