-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C5wJw30dx8rKXntJhV3bwr3MKF+3CuKY1yQGWtGmWeXCd+++koikqwxL4sz4gUgj DmC/F0xJgnPdBcu7W06TZA== 0001081668-09-000010.txt : 20091116 0001081668-09-000010.hdr.sgml : 20091116 20091116153619 ACCESSION NUMBER: 0001081668-09-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091116 DATE AS OF CHANGE: 20091116 EFFECTIVENESS DATE: 20091116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIC LTD CENTRAL INDEX KEY: 0001081668 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10561 FILM NUMBER: 091186430 BUSINESS ADDRESS: STREET 1: 1375 KERNS RD STREET 2: BURLINGTON CITY: ONTARIO CANADA STATE: A6 ZIP: L7R 4X8 BUSINESS PHONE: 9053314242 MAIL ADDRESS: STREET 1: 1375 KERNS RD STREET 2: BURLINGTON CITY: ONTARIO CANADA STATE: A6 ZIP: L7R 4X8 13F-HR 1 final13fseptember2009b.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2009 Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Portland Investment Counsel Inc. Address: 1375 Kerns Rd. Burlington, ON, Canada L7R 0B8 Form 13F File Number: 028-10561 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jonathan Wellum Title: Chief Investment Officer Phone: 905-331-4250 Signature, Place, and Date of Signing: Burlington, Ontario, Canada November 13, 2009 Signature City, State Date Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 97 Form 13F Information Table Value Total: $1,149,166 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE 13F - INFORMATION TABLE as at September 30, 2009 VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP Value SHRS SH/ PUT/ INVSTMT OTHER SOLE SHRD NONE OF CLASS NUMBER (x$1000)OR PRN PRN CALL DSCRETN MNGERS 4 KIDS ENTMT INC COM 350865101 713 424375 SH SOLE 424375 ABB LTD SPONSORED ADR 000375204 2024 101000 SH SOLE 101000 AFLAC INC COM 001055102 1725 40371 SH SOLE 40371 AGRIUM INC COM 008916108 16352 326638 SH SOLE 326638 AMERICAN EXPRESS CO COM 025816109 594 17531 SH SOLE 17531 AMERIPRISE FINL INC COM 03076C106 2524 69465 SH SOLE 69465 AON CORP COM 037389103 203 5000 SH SOLE 5000 AXA SPONSORED ADR 054536107 1198 44300 SH SOLE 44300 BANK OF NEW YORK MELLON CORP COM 064058100 351 12100 SH SOLE 12100 BARCLAYS PLC ADR 06738E204 3558 150500 SH SOLE 150500 BCE INC COM NEW 05534B760 10716 434114 SH SOLE 434114 BERKSHIRE HATHAWAY INC DEL CL A 084670108 41511 411 SH SOLE 411 BERKSHIRE HATHAWAY INC DEL CL B 084670207 5161 1553 SH SOLE 1553 BP PLC SPONSORED ADR 055622104 1773 33300 SH SOLE 33300 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 48019 2106512 SH SOLE 2106512 BROOKFIELD INFRAST PARTNERS LP INT UNIT BMG162521014 3502 212748 SH SOLE 212748 BURLINGTON NORTHN SANTA FE C COM 12189T104 2986 37400 SH SOLE 37400 CANADIAN NAT RES LTD COM 136385101 3725 55078 SH SOLE 55078 CANADIAN NATL RY CO COM 136375102 20640 418454 SH SOLE 418454 CISCO SYS INC COM 17275R102 2898 123121 SH SOLE 123121 CME GROUP INC COM 12572Q105 1692 5490 SH SOLE 5490 CONOCOPHILLIPS COM 20825C104 4760 105400 SH SOLE 105400 CREDIT SUISSE GROUP SPONSORED ADR 225401108 1030 18500 SH SOLE 18500 DEUTSCHE BANK AG NAMEN AKT DE0005140008 3850 50150 SH SOLE 50150 DUN & BRADSTREET CORP DEL NE COM 26483E100 1360 18050 SH SOLE 18050 EATON VANCE CORP COM NON VTG 278265103 1456 52035 SH SOLE 52035 ELDORADO GOLD CORP NEW COM 284902103 3526 310016 SH SOLE 310016 ENCANA CORP COM 292505104 25889 446410 SH SOLE 446410 EQUIFAX INC COM 294429105 1472 50519 SH SOLE 50519 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 3832 10301 SH SOLE 10301 FEDERATED INVS INC PA CL B 314211103 1409 53432 SH SOLE 53432 FEDEX CORP COM 31428X106 27307 363030 SH SOLE 363030 FIRST AMERN CORP CALIF COM 318522307 243 7500 SH SOLE 7500 FRANKLIN RES INC COM 354613101 30107 299273 SH SOLE 299273 GENERAL ELECTRIC CO COM 369604103 1148 69900 SH SOLE 69900 GLOBAL PMTS INC COM 37940X102 2467 52829 SH SOLE 52829 GOLDMAN SACHS GROUP INC COM 38141G104 2152 11673 SH SOLE 11673 HARTFORD FINL SVCS GROUP INC COM 416515104 4712 177825 SH SOLE 177825 HSBC HLDGS PLC SPON ADR NEW 404280406 11889 207299 SH SOLE 207299 IAMGOLD CORP COM 450913108 3400 240239 SH SOLE 240239 IMPERIAL OIL LTD COM NEW 453038408 3619 94950 SH SOLE 94950 INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 1058 21818 SH SOLE 21818 ING GROEP N V SPONSORED ADR 456837103 1290 72330 SH SOLE 72330 INTEL CORP COM 458140100 3102 158533 SH SOLE 158533 INVESCO LTD SHS BMG491BT1088 106960 4699473 SH SOLE 4699473 JANUS CAP GROUP INC COM 47102X105 1541 108699 SH SOLE 108699 JOHNSON & JOHNSON COM 478160104 24565 403428 SH SOLE 403428 JPMORGAN CHASE & CO COM 46625H100 19886 453811 SH SOLE 453811 KINROSS GOLD CORP COM NO PAR 496902404 1202 55065 SH SOLE 55065 LEGG MASON INC COM 524901105 4952 159580 SH SOLE 159580 LENDER PROCESSING SVCS INC COM 52602E102 229 6000 SH SOLE 6000 LEUCADIA NATL CORP COM 527288104 4526 183107 SH SOLE 183107 MANULIFE FINL CORP COM 56501R106 745 35400 SH SOLE 35400 MARKEL CORP COM 570535104 4947 15000 SH SOLE 15000 MARSH & MCLENNAN COS INC COM 571748102 3852 155749 SH SOLE 155749 MASTERCARD INC CL A 57636Q104 2891 14302 SH SOLE 14302 METLIFE INC COM 59156R108 3109 81672 SH SOLE 81672 MICROSOFT CORP COM 594918104 4883 188614 SH SOLE 188614 MONSANTO CO NEW COM 61166W101 3240 41856 SH SOLE 41856 MORGAN STANLEY COM NEW 617446448 1489 48217 SH SOLE 48217 NALCO HOLDING COMPANY COM 62985Q101 15206 742112 SH SOLE 742112 NEUSTAR INC CL A 64126X201 3376 149390 SH SOLE 149390 NEW GOLD INC CDA COM 644535106 55 14285 SH SOLE 14285 NOKIA CORP SPONSORED ADR 654902204 366 25000 SH SOLE 25000 NOMURA HLDGS INC SPONSORED ADR 65535H208 496 81000 SH SOLE 81000 NORTHERN TR CORP COM 665859104 5068 87135 SH SOLE 87135 NYSE EURONEXT COM 629491101 376 13000 SH SOLE 13000 OPPENHEIMER HLDGS INC CL A NON VTG 683797104 12884 529116 SH SOLE 529116 PALL CORP COM 696429307 4288 132850 SH SOLE 132850 POSCO SPONSORED ADR 693483109 2627 25270 SH SOLE 25270 PROCTER & GAMBLE CO COM 742718109 955 16485 SH SOLE 16485 PRUDENTIAL FINL INC COM 744320102 4978 99735 SH SOLE 99735 QUEST DIAGNOSTICS INC COM 74834L100 277 5315 SH SOLE 5315 ROGERS COMMUNICATIONS INC CL B 775109200 41176 1456168 SH SOLE 1456168 ROYAL BK CDA MONTREAL QUE COM 780087102 44025 817810 SH SOLE 817810 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 349 6100 SH SOLE 6100 SHAW COMMUNICATIONS INC CL B CONV 82028K200 64280 3545882 SH SOLE 3545882 SIEMENS A G SPONSORED ADR 826197501 2770 29800 SH SOLE 29800 SK TELECOM LTD SPONSORED ADR 78440P108 2989 171300 SH SOLE 171300 STATE STR CORP COM 857477103 33928 645015 SH SOLE 645015 STEWART INFORMATION SVCS COR COM 860372101 148 12000 SH SOLE 12000 SUN LIFE FINL INC COM 866796105 22695 723171 SH SOLE 723171 SUNCOR ENERGY INC NEW COM 867224107 85381 2440588 SH SOLE 2440588 SYNGENTA AG SPONSORED ADR 87160A100 772 16800 SH SOLE 16800 TALISMAN ENERGY INC COM 87425E103 3635 208605 SH SOLE 208605 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 4150 82085 SH SOLE 82085 THOMSON REUTERS CORP COM 884903105 64062 1907708 SH SOLE 1907708 TIM HORTONS INC COM 88706M103 1549 54400 SH SOLE 54400 TORONTO DOMINION BK ONT COM NEW 891160509 166539 2570988 SH SOLE 2570988 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 2263 28800 SH SOLE 28800 TRANSALTA CORP COM 89346D107 3781 185096 SH SOLE 185096 UBS AG SHS NEW CH0024899483 2363 129080 SH SOLE 129080 VERISIGN INC COM 92343E102 2613 110281 SH SOLE 110281 VISA INC COM CL A 92826C839 3122 45168 SH SOLE 45168 WELLS FARGO & CO NEW COM 949746101 42279 1500316 SH SOLE 1500316 WESTERN UN CO COM 959802109 473 25000 SH SOLE 25000 WILLIS GROUP HOLDINGS LTD SHS BMG966551084 912 32300 SH SOLE 32300
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