Portfolio 3

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

Portfolio 3 remains broadly diversified, with holdings across nine of the eleven sectors. Technology continues to dominate, followed by Financials and Industrials, while holdings across several other sectors provide additional diversification. The portfolio also includes an S&P 500 index fund, which adds exposure to a broad range of companies and helps reduce the impact of individual holdings. However, because many of the index’s largest companies are technology-related, the portfolio remains firmly tilted toward growth.

Nvidia remains the largest position at 21%, even after another trim during the quarter. Shopify and Microsoft are the next two largest holdings, bringing the combined weight of the three companies to just over 60%. That is a meaningful improvement from when Nvidia and Shopify alone accounted for more than 50% of the portfolio, but the three largest positions still make up a substantial portion of the portfolio.

The portfolio continues to have a higher-risk, higher-growth profile, with significant exposure to AI-related companies and the expanding space industry. About 60% of the holdings are now large- and mega-cap companies, with the remainder spread across mid- and small-cap stocks. This mix gives the portfolio plenty of exposure to companies with strong growth potential, while slower-growing businesses with steady dividend growth provide some balance.

Activity during the third quarter of 2026:

Sold: some Nvidia shares.

Diversification

The graphs show the diversification of Portfolio 1 by sector and market capitalization, as of September 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	1943.28	1943.28	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	535.36	606.55	Toronto Stock Exchange	A big 5 Canadian bank	Core: banks always make money, growing and decent dividend
Cloudflare, Inc.	NET	USD	340.73	340.73	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	145.42	185.29	Toronto Stock Exchange	A big 5 Canadian bank	Core: banks always make money, growing and decent dividend
Microsoft Corporation	MSFT	USD	178.13	183.76	Nasdaq Stock Market	Large software company	Core: dominant software company in OS; productivity software; cloud services; gaming
Magnite, Inc.	MGNI	USD	171.32	171.32	Nasdaq Stock Market	Digital Advertising on the sell side	Growth: digital advertising is a growing industry as ad industry moves from cable to streaming
Vertiv Holdings Co	VRT	USD	149.43	149.69	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
Brookfield Asset Management Ltd.	BAM	CAD	95.91	145.95	Toronto Stock Exchange	Alternative investment management company	Growth: spinoff from BN; pure play asset management company; Brookfield pedigree.
Alvopetro Energy Ltd.	ALV	CAD	51.10	131.11	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.
TD US Equity Index ETF	TPU	CAD	81.60	87.44	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 Renewable Partners LP	BEP.UN	CAD	37.68	72.58	Toronto Stock Exchange	Renewable Energy company	Growth: managed by BN, owns & operates various renewable energy assets around the world
Nvidia Corporation	NVDA	USD	41.74	41.88	Nasdaq Stock Market	Graphic processor & chip manufacturer	Core: Leading producer of graphic processor chips used in AI, big data, gaming, AR/VR computing; dividend
Brookfield Corporation	BN	CAD	25.01	36.38	Toronto Stock Exchange	Asset Manager company	Core: owns and manages many companies throught the world; strong management; dividend
Brookfield Renewable Corporation	BEPC	CAD	0.42	25.72	Toronto Stock Exchange	Renewable Energy company	Growth: managed by BN, owns & operates various renewable energy assets around the world
SmartCentres REIT	SRU.UN	CAD	13.95	22.22	Toronto Stock Exchange	Commercial & residential REIT	Income: generate income from 7+% dividend; growth potential as it converts malls into towncentres.
GE Aerospace	GE	USD	14.33	14.44	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.
Amphenol Corporation	APH	USD	13.95	14.05	New York Stock Exchange	Builds mission critical connectors used in AI systems	Growth: riding AI tailwind
Evolution AB	EVVTY	USD	4.18	6.20	OTC Markets	Online gambling solutions for online gambling companies	Growth: leading global provider of online gambling solutions. Ride tailwind of online gambling.
Canada Packers	CPKR	CAD	-9.59	-4.04	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
5N Plus Inc.	VNP	CAD	-8.23	-8.23	Toronto Stock Exchange	Producers of ultra pure materials meeting medical and space requirement	Growth: ride growing space, medical, and AI trends.
Broadcom	AVGO	USD	-12.42	-12.22	Nasdaq Stock Market	Designs chips used to connect GPUs and datacentres	Growth: riding AI tailwind
Brookfield Wealth Solutions Ltd.	BNT	CAD	-20.68	-13.18	Toronto Stock Exchange	Re-insurance company	Income: Spin off from BN; strong management; diversification into insurance industry
Rockpoint Gas Storage Inc.	RGSI	CAD	-17.96	-14.56	Toronto Stock Exchange	Pure-play natural gas storage infrastructure operator	Income: healthy 4.3% dividend and provides diversification and stability
Corning	GLW	USD	-22.28	-22.19	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.
Rocket Lab	RKLB	USD	-22.57	-22.57	Nasdaq Stock Market	Builds rockets for outer space	Growth: an investment to capitalize on the growing space race.
MDA Space Ltd.	MDA	CAD	-27.73	-27.73	Toronto Stock Exchange	Builds mission-critical space infrastructure	Growth: riding space tailwind with massive backlog of orders.