Portfolio 3

Below is an update on the companies in Portfolio 3 as of June 30, 2026, along with charts showing how the portfolio is diversified by sector and market capitalization.

Portfolio 3 remains broadly diversified, with exposure across nine of the eleven sectors. However, it continues to be shaped primarily by Technology, followed by Financials and Industrials. Alongside holdings across several other sectors, the portfolio also includes an S&P 500 index fund, which helps reduce volatility from individual positions. Even so, because many of the index’s largest constituents are technology-related, the overall portfolio remains firmly growth-oriented.

Despite trimming Nvidia and Shopify during the quarter, they still account for roughly 37% of the portfolio combined. That’s a meaningful reduction from over 50% at the end of Q1, but concentration risk remains.

There were a few notable changes during the second quarter. Nvidia was trimmed further, while Lithium Americas was fully exited as capital was reallocated toward higher-conviction opportunities. At the same time, I increased exposure to several AI-linked holdings, continuing to build on one of the dominant themes driving market performance.

Compared to last quarter, when volatility was slightly reduced, the portfolio shifted back toward a higher-risk, higher-growth profile, with increased exposure to AI-linked holdings supported by ongoing AI tailwinds and the expanding space industry. Roughly half of the holdings are now in large and mega-cap names, with the remainder in mid and small caps. The portfolio remains growth-tilted, balanced in part by slower-growing companies that continue to generate steady dividend growth.

Activity during the first quarter of 2026:

Sold: some Nvidia shares,

Sold: Lithium Americas

Bought: 5N Plus Inc.

Bought: more Microsoft Corporation

Bought: General Electric Aerospace Company

Bought: Broadcom Inc.

Bought: Corning Incorporated

Bought: Amphenol Corporation

Bought: MDA Space Ltd.

Diversification

The graphs show the diversification of Portfolio 1 by sector and market capitalization, as of June 30, 2026. The sector graph shows the dollar value percentage of each sector in the portfolio as well of the number of companies in each sector.

The market capitalization graph shows the dollar value percentage by market capitalization classification as well as the number of companies in each classification.

Performance

Below is the list of the Portfolio 3 companies. Some you will recognize some you won't. Either way, I've included the company name, its trading symbol (also known as ticker), the currency used to purchase the shares, the gain or loss in share price since the shares were purchased (the average, in the case of multiple purchases), the total return (the gain or loss from the shares, plus any dividends) and the stock exchange it was purchased on. I have also shown what the company does, and why it was purchased (including how I categorize the company). In cases where a company's total return is greater than the gain or loss in share price, that is because the company pays a dividend.

Stocks traded on Canadian exchanges have the exchanges listed in red. Stocks traded on American exchanges have the exchanges listed in blue.

Company	Ticker	Currency	Share G/L %	Total Return %	Exchange	What they are	Why owned
Shopify Inc.	SHOP	CAD	1471.89	1471.89	Toronto Stock Exchange	E-commerce platform	Core: dominat global e-commerce platform; started as a growth investment but has become a core holding
Royal Bank Of Canada	RY	CAD	566.54	633.74	Toronto Stock Exchange	A big 5 Canadian bank	Core: banks always make money, growing and decent dividend
Vertiv Holdings Co	VRT	USD	245.99	246.21	New York Stock Exchange	Builds datacentre and other digital infrastructure	Growth: capitlaize on growing global demand for development and management of datacentres and digital infrastructure
Cloudflare, Inc.	NET	USD	211.38	211.38	New York Stock Exchange	Cybersecurity	Growth: enhanced security and performance for companies of all sizes; part of cybersecurity trend.
The Toronto-Dominion Bank	TD	CAD	152.91	191.14	Toronto Stock Exchange	A big 5 Canadian bank	Core: banks always make money, growing and decent dividend
Brookfield Asset Management Ltd.	BAM	CAD	96.24	141.54	Toronto Stock Exchange	Alternative investment management company	Growth: spinoff from BN; pure play asset management company; Brookfield pedigree.
Microsoft Corporation	MSFT	USD	102.27	107.62	Nasdaq Stock Market	Large software company	Core: dominant software company in OS; productivity software; cloud services; gaming
Alvopetro Energy Ltd.	ALV	CAD	32.38	106.80	TSX Venture Exchange	Natural gas explorer and developer	Growth: Seasoned management with expereince in Brazil; riding the energy tailwind to ride higher; a ROIC over 23% and a 5+% dividend.
Magnite, Inc.	MGNI	USD	103.86	103.86	Nasdaq Stock Market	Digital Advertising on the sell side	Growth: digital advertising is a growing industry as ad industry moves from cable to streaming
Brookfield Renewable Partners LP	BEP.UN	CAD	68.94	101.98	Toronto Stock Exchange	Renewable Energy company	Growth: managed by BN, owns & operates various renewable energy assets around the world
TD US Equity Index ETF	TPU	CAD	77.39	82.89	Toronto Stock Exchange	ETF for largest 500 US companies	Growth: low cost ETF that tracks the largest 500 US companies. Provides broad diversification and benefits from rise of US large cap stocks.
Brookfield Corporation	BN	CAD	45.69	55.98	Toronto Stock Exchange	Asset Manager company	Core: owns and manages many companies throught the world; strong management; dividend
Brookfield Renewable Corporation	BEPC	CAD	31.80	55.72	Toronto Stock Exchange	Renewable Energy company	Growth: managed by BN, owns & operates various renewable energy assets around the world
SmartCentres REIT	SRU.UN	CAD	29.58	37.50	Toronto Stock Exchange	Commercial & residential REIT	Income: generate income from 7+% dividend; growth potential as it converts malls into towncentres.
GE Aerospace	GE	USD	36.77	36.77	New York Stock Exchange	Builds and services aerospace engines and systems	Growth: riding tailwinds of increased air travel, defence spending, drones and recurring revenue from service contracts.
5N Plus Inc.	VNP	CAD	32.50	32.50	Toronto Stock Exchange	Producers of ultra pure materials meeting medical and space requirement	Growth: ride growing space, medical, and AI trends.
Corning	GLW	USD	29.11	29.11	New York Stock Exchange	Top manufacturer of fibre optic cables and glass surfaces	Growth: strong demand for fibre optics in AI and other industries. Leading supplier of specialty glass surfaces.
Nvidia Corporation	NVDA	USD	24.18	24.29	Nasdaq Stock Market	Graphic processor & chip manufacturer	Core: Leading producer of graphic processor chips used in AI, big data, gaming, AR/VR computing; dividend
Canada Packers	CPKR	CAD	15.57	19.73	Toronto Stock Exchange	A producer of anti-biotic free pork products	Income: a spinoff of Maple Leaf Foods that provides a healthy 5.5% dividend; hope to capture growth as stock rises to fair market value. Provides diversification and stability
Amphenol Corporation	APH	USD	19.08	19.08	New York Stock Exchange	Builds mission critical connectors used in AI systems	Growth: riding AI tailwind
Rocket Lab	RKLB	USD	12.94	12.94	Nasdaq Stock Market	Builds rockets for outer space	Growth: an investment to capitalize on the growing space race.
Rockpoint Gas Storage Inc.	RGSI	CAD	5.11	7.02	Toronto Stock Exchange	Pure-play natural gas storage infrastructure operator	Income: healthy 4.3% dividend and provides diversification and stability
MDA Space Ltd.	MDA	CAD	0.46	0.46	Toronto Stock Exchange	Builds mission-critical space infrastructure	Growth: riding space tailwind with massive backlog of orders.
Brookfield Wealth Solutions Ltd.	BNT	CAD	-7.27	0.06	Toronto Stock Exchange	Re-insurance company	Income: Spin off from BN; strong management; diversification into insurance industry
Broadcom	AVGO	USD	-5.79	-5.70	Nasdaq Stock Market	Designs chips used to connect GPUs and datacentres	Growth: riding AI tailwind
Evolution AB	EVVTY	USD	-8.01	-5.99	OTC Markets	Online gambling solutions for online gambling companies	Growth: leading global provider of online gambling solutions. Ride tailwind of online gambling.