-----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, THA9dEsbbTPnN1uk3zdXYlkMxyPgvX9oPb9mNhV1hQvo0bCXh6APf9z7R9xZci7c NxxDsq93d92iWWqKil93wA== 0001081668-11-000002.txt : 20110214 0001081668-11-000002.hdr.sgml : 20110214 20110214150105 ACCESSION NUMBER: 0001081668-11-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 EFFECTIVENESS DATE: 20110214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PORTLAND INVESTMENT COUNSEL INC. 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: 11606569 BUSINESS ADDRESS: STREET 1: 1375 KERNS RD STREET 2: SUITE 100 CITY: BURLINGTON STATE: A6 ZIP: L7R 4X8 BUSINESS PHONE: 9053314250 MAIL ADDRESS: STREET 1: 1375 KERNS RD STREET 2: SUITE 100 CITY: BURLINGTON STATE: A6 ZIP: L7R 4X8 FORMER COMPANY: FORMER CONFORMED NAME: AIC LTD DATE OF NAME CHANGE: 19990311 13F-HR 1 final13fdec2010.txt 13F 2010 Q4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 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. Suite 100 Burlington, ON, Canada L7P 4V7 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: Vicky Edwards Title: VP, General Counsel and Chief Compliance Officer Phone: 905-331-4250 Signature, Place, and Date of Signing: "Vicky Edwards" Burlington, Ontario, Canada February 14, 2011 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: 65 Form 13F Information Table Value Total: $1,024,042 (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 December 31, 2010 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 ABB LTD SPONSORED ADR 000375204 1,144 50360 SH SOLE 50360 AMERIPRISE FINL INC COM 03076C106 2077 35000 SH SOLE 35000 AON CORP COM 037389103 273 6000 SH SOLE 6000 ARCHER DANIELS MIDLAND CO COM 039483AW2 90007 2960760 SH SOLE 2960760 BANCO SANTANDER SA ADR 05964H105 1080 101601 SH SOLE 101601 BANK NOVA SCOTIA HALIFAX COM 064149107 3127 54164 SH SOLE 54164 BANK OF AMERICA CORPORATION COM 60505104 3391 239000 SH SOLE 239000 BANK OF NEW YORK MELLON CORP COM 64058100 308 10000 SH SOLE 10000 BARCLAYS PLC ADR 06738E204 3630 216455 SH SOLE 216455 BECTON DICKINSON & CO COM 075887109 69977 825879 SH SOLE 825879 BHP BILLITON LTD SPONSORED ADR 88606108 456 5670 SH SOLE 5670 CARNIVAL CORP PAIRED CTF 143658300 336 7175 SH SOLE 7175 CLOROX CO DEL COM 189054109 22327 362631 SH SOLE 362631 CME GROUP INC COM 12572Q105 427 1350 SH SOLE 1350 CREDIT SUISSE GROUP SPONSORED ADR 225401108 859 21000 SH SOLE 21000 DEUTSCHE BANK AG NAMEN AKT D18190898 1855 35000 SH SOLE 35000 DUN & BRADSTREET CORP DEL NE COM 26483E100 1381 17000 SH SOLE 17000 EATON VANCE CORP COM NON VTG 278265103 1374 44500 SH SOLE 44500 EQUIFAX INC COM 294429105 1939 53500 SH SOLE 53500 FEDERATED INVS INC PA CL B 314211103 522 20000 SH SOLE 20000 FRANKLIN RES INC COM 354613101 17517 154790 SH SOLE 154790 GLOBAL PMTS INC COM 37940X102 3299 70508 SH SOLE 70508 GOLDCORP INC NEW COM 380956409 552 12000 SH SOLE 12000 GOLDMAN SACHS GROUP INC COM 38141G104 1756 10150 SH SOLE 10150 HARTFORD FINL SVCS GROUP INC COM 416515104 3693 133000 SH SOLE 133000 HSBC HLDGS PLC SPON ADR NEW 404280406 9848 190705 SH SOLE 190705 ING GROEP N V SPONSORED ADR 456837103 266 26900 SH SOLE 26900 INVESCO LTD SHS G491BT108 99961 4086700 SH SOLE 4086700 JANUS CAP GROUP INC COM 47102X105 817 61000 SH SOLE 61000 JPMORGAN CHASE & CO COM 46625H100 11634 266965 SH SOLE 266965 LENDER PROCESSING SVCS INC COM 52602E102 258 8500 SH SOLE 8500 LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 938 225000 SH SOLE 225000 MANULIFE FINL CORP COM 56501R106 3775 219529 SH SOLE 219529 MASTERCARD INC CL A 57636Q104 2993 13550 SH SOLE 13550 METLIFE INC COM 59156R108 2075 45000 SH SOLE 45000 MORGAN STANLEY COM NEW 617446448 1255 44440 SH SOLE 44440 NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 89291 2505367 SH SOLE 2505367 NOMURA HLDGS INC SPONSORED ADR 65535H208 548 85000 SH SOLE 85000 NORTHERN TR CORP COM 665859104 766 13705 SH SOLE 13705 NYSE EURONEXT COM 629491101 275 9000 SH SOLE 9000 OPPENHEIMER HLDGS INC CL A NON VTG 683797104 5699 212400 SH SOLE 212400 POSCO SPONSORED ADR 693483109 548 5065 SH SOLE 5065 PRUDENTIAL FINL INC COM 744320102 3040 50095 SH SOLE 50095 RESEARCH IN MOTION LTD COM 760975102 77026 1311705 SH SOLE 1311705 ROGERS COMMUNICATIONS INC CL B 775109200 73682 2105900 SH SOLE 2105900 ROYAL BK CDA MONTREAL QUE COM 780087102 32162 607892 SH SOLE 607892 ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 251 20000 SH SOLE 20000 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 268 4000 SH SOLE 4000 SHAW COMMUNICATIONS INC CL B CONV 82028K200 39459 1827705 SH SOLE 1827705 SIEMENS A G SPONSORED ADR 826197501 1126 9000 SH SOLE 9000 SK TELECOM LTD SPONSORED ADR 78440P108 595 32000 SH SOLE 32000 STATE STR CORP COM 857477103 929 19500 SH SOLE 19500 STEWART INFORMATION SVCS COR COM 860372101 142 12000 SH SOLE 12000 SUN LIFE FINL INC COM 866796105 7598 249539 SH SOLE 249539 SUNCOR ENERGY INC NEW COM 867224107 61008 1576057 SH SOLE 1576057 SYNGENTA AG SPONSORED ADR 87160A100 597 10170 SH SOLE 10170 THOMSON REUTERS CORP COM 884903105 1803 47890 SH SOLE 47890 TORONTO DOMINION BK ONT COM NEW 891160509 131516 1751600 SH SOLE 1751600 TOTAL S A SPONSORED ADR 89151E109 814 15000 SH SOLE 15000 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 318 4000 SH SOLE 4000 UBS AG SHS NEW H89231338 2422 145000 SH SOLE 145000 VISA INC COM CL A 92826C839 3216 45610 SH SOLE 45610 WAL MART STORES INC COM 931142103 85866 1573798 SH SOLE 1573798 WELLS FARGO & CO NEW COM 949746101 34858 1103800 SH SOLE 1103800 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 1090 31000 SH SOLE 31000
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