Portfolio 2

Below is the list of companies in Portfolio 2, as of December 31, 2025.

Also included are graphs to illustrate how the portfolio is diversified by sector and market capitalization.

Portfolio 3 is built for balance, with exposure to at least one company in each of the eleven sectors. The portfolio leans more heavily toward Energy and Technology, giving it a solid growth tilt, while Financials and Communications provide a layer of steady, dependable growth. To help smooth out volatility, defensive positions in Consumer Staples, Real Estate, and Utilities add stability and a stream of steadily growing dividends. During the fourth quarter, I added Aritzia to the mix — a fast-growing company that nudges the portfolio a bit further toward growth while still fitting the overall long-term strategy.

Activity during the fourth quarter of 2025:

Bought: Aritzia

Diversification

The graphs show the diversification of Portfolio 2 by sector and market capitalization, as of December 31, 2025. 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.

Portfolio 2 Companies

Below is the list of the Portfolio 2 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
MongoDB, Inc.	MDB	USD	834.57	834.57	Nasdaq Stock Market	Cloud based database platform	Growth; new type of database for modern data requirements; part of the move to the cloud; mf recommendation
Hammond Power Solutions Inc.	HPS.A	CAD	255.55	261.14	Toronto Stock Exchange	Manufactures electrical transformers for global market	Growth: Company is riding a major tailwind of electrical power, across diverse markets.
iA Financial Corporation Inc.	IAG	CAD	140.28	158.29	Toronto Stock Exchange	Insurance and wealth management	Core; slow and steady growth with a reliable and growing dividend.
Guardant Health, Inc.	GH	USD	156.20	156.20	Nasdaq Stock Market	Cancer research	Growth; developing a solution for early detection of cancer remaining after surgery; diversification; MF recommendation
The Walt Disney Company	DIS	USD	133.58	150.94	New York Stock Exchange	Global entertainment company	Core; great optionality from operating in 4 different business areas; dividend (prior to pandemic); feels good to be an owner of Disney.
Microsoft Corporation	MSFT	USD	146.02	150.93	Nasdaq Stock Market	Large software company	Core; strong leadership; dominant OS; productivity software; development software; cloud services; gaming
Take-Two Interactive Software, Inc.	TTWO	USD	104.47	104.47	Nasdaq Stock Market	Major consumer game developer	Growth: acquired shares when company bought Zynga; leading global game developer
Brookfield Infrastructure Corporation	BIPC	CAD	72.79	103.11	Toronto Stock Exchange	Owns & operates last mile utiltity assets	Core: same as BIP.UN: strong management; reliable, growing dividend; diversification
Fortis Inc.	FTS	CAD	60.42	94.48	Toronto Stock Exchange	Regional electric and gas utility	Core; stable utility; defensive holding to balance tech companies; decent dividend
TC Energy Corporation	TRP	CAD	43.66	93.36	Toronto Stock Exchange	Energy infrastructure	Core; diversification; stable growth and stable, growing dividend
Tourmaline Oil Corporation	TOU	CAD	63.70	74.73	Toronto Stock Exchange	Natural gas producer	Income: received as part of Tourmaline's acquisition of Crew Energy.
Dollarama	DOL	CAD	72.86	73.86	Toronto Stock Exchange	Retail store	Growth: sales growing as inflatin and higher interest rates forcing consumers to cut back on expenses. Expanding into South America.
Brookfield Infrastructure Partners LP	BIP.UN	CAD	32.01	65.93	Toronto Stock Exchange	Owns & operates last mile utiltity assets	Core; strong management; reliable, growing dividend; diversification
South Bow Corporation	SOBO	CAD	45.77	56.44	Toronto Stock Exchange	Liquids pipelines operator	Income: Acquired as part of a split of TC Energy in 2024. They operate a network of liquids pipelines that connect western Canadian crude oil to the US markets.
The Bank Of Nova Scotia	BNS	CAD	40.24	42.33	Toronto Stock Exchange	A big 6 Canadian bank	Core; banks always make money; growing and decent dividend
Canadian Natural Resources Limited	CNQ	CAD	18.74	28.65	Toronto Stock Exchange	Major oil and natural gas company	Income: strong global demand for oil and gas; leading producer; 4.5% dividend and growing
Telus Corporation	T	CAD	6.59	26.37	Toronto Stock Exchange	A big 3 Canadian telecommunications company	Growth; strong leadership; communications company branching out to health & agriculture industries; growing revenues and strong dividend;
Aritzia Inc.	ATZ	CAD	23.23	23.23	Toronto Stock Exchange	Clothing manufacturer	Growth; fast growing women's luxury apparel, expanding across Canada and into the US.
SmartCentres REIT	SRU.UN	CAD	3.75	20.56	Toronto Stock Exchange	Commercial & residential REIT	Income; generate income from 7+% dividend; growth potential as it converts malls into towncentres.
Whitecap Resources Inc.	WCP	CAD	13.73	17.25	Toronto Stock Exchange	Oil & gas producer	Income; strong operational performance and growth potential; monthly dividend over 7%
Mitek Systems, Inc.	MITK	USD	16.79	16.79	Nasdaq Stock Market	Mobile image capture & ID verification	Growth; used by banking industry to extract info from cheque images; uses AI & machine learning to improve ID verification; MF recommendation
Alimentation Couche-Tard Inc	ATD	CAD	11.67	15.78	Toronto Stock Exchange	Convenience store industry	Growth; good growth strategy; dividend; strong leadership; decent moat; growing sales; diversification; MF recommendation
Airbnb, Inc	ABNB	USD	14.56	14.56	Nasdaq Stock Market	Connects guests and hosts for short term stays	Growth: take adavantage of increased travel, first mover in a disrupted travel industry.
Dream Industrial REIT	DIR.UN	CAD	3.16	13.89	Toronto Stock Exchange	Industrial REIT	Income; take advantage of growing warehouse demand; relatively stable
Brookfield Renewable Partners LP	BEP.UN	CAD	-29.50	-15.12	Toronto Stock Exchange	Owns & operates renewable energy assets	Growth; strong management; part of the green trend towards renewables; decent dividend
Supremex	SXP	USD	-39.36	-23.92	Toronto Stock Exchange	Builds and sells packaging solutions globally	Income: provides diversification; steady growth as all products need packaging; decent divident
Zoetis Inc.	ZTS	USD	-28.03	-27.32	New York Stock Exchange	Leading global animal health company	Growth: people are spending more and more money on pet and livestock care.
Birkenstock Holding PLC	BIRK	USD	-33.92	-33.92	New York Stock Exchange	Footwear manufacturer	Growth; strong brand name with loyal customers that has been around over 240 years; expanding into new markets.