# Manitou Investment Management Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1657428. Source: https://holderbook.com/funds/1657428-manitou-investment-management-ltd/

- Reported value: $537.9M
- Positions: 48
- Weight of the ten largest: 90.5%
- Filed: 2026-07-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $84.7M | 169,256 | 15.7% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $83.6M | 233,923 | 15.5% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $67.4M | 282,939 | 12.5% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $58.0M | 155,364 | 10.8% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $44.3M | 251,122 | 8.2% | 14 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $36.9M | 117,276 | 6.9% | 18 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $36.8M | 69,979 | 6.8% | 17 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $34.1M | 66,380 | 6.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $23.9M | 42,384 | 4.4% | 6 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $17.1M | 189,563 | 3.2% | 14 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $16.4M | 153,577 | 3.1% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.7M | 41,996 | 2.6% | 30 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $5.4M | 126,445 | 1.0% | 15 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $4.0M | 11,835 | 0.7% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 0.6% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.9M | 8,412 | 0.5% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.1M | 7,322 | 0.4% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.9M | 10,049 | 0.4% | 26 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $201.1K | 215 | 0.0% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $155.5K | 440 | 0.0% | 14 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $106.7K | 420 | 0.0% | 31 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $101.9K | 3,130 | 0.0% | 6 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $100.8K | 1,220 | 0.0% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $98.3K | 1,725 | 0.0% | 14 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $91.2K | 1,510 | 0.0% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $78.7K | 280 | 0.0% | 6 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $71.1K | 137 | 0.0% | 14 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $69.2K | 65 | 0.0% | 12 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $61.3K | 270 | 0.0% | 14 |
| SOUTH BOW CORP | [SOBO](https://holderbook.com/stocks/SOBO/) | $59.9K | 1,700 | 0.0% | 7 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $50.8K | 230 | 0.0% | 24 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $48.0K | 40 | 0.0% | 12 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $47.0K | 290 | 0.0% | 6 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $42.1K | 278 | 0.0% | 14 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $37.7K | 784 | 0.0% | 14 |
| FRMO Corporation | [FRMO](https://holderbook.com/stocks/FRMO/) | $33.8K | 5,000 | 0.0% | 6 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $30.8K | 643 | 0.0% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $28.9K | 255 | 0.0% | 6 |
| WHIRLPOOL CORP | [WHR](https://holderbook.com/stocks/WHR/) | $22.0K | 559 | 0.0% | 6 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $21.6K | 210 | 0.0% | 14 |
| DENTSPLY SIRONA INC | [XRAY](https://holderbook.com/stocks/XRAY/) | $15.4K | 1,451 | 0.0% | 6 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $8.6K | 27 | 0.0% | 14 |
| ENTREPRENEURSHARES SERIES TR | [XOVR](https://holderbook.com/stocks/XOVR/) | $5.8K | 275 | 0.0% | 1 |
| PENN ENTERTAINMENT INC | [PENN](https://holderbook.com/stocks/PENN/) | $2.5K | 119 | 0.0% | 14 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $2.2K | 29 | 0.0% | 4 |
| SPORTRADAR GROUP AG | [SRAD](https://holderbook.com/stocks/SRAD/) | $1.9K | 125 | 0.0% | 2 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $1.8K | 12 | 0.0% | 4 |
| TRANSTEL SA COMMON | - | $33 | 33 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.3% | +14.8% | -6.6% | 100% |
| Q1 2026 | -10.8% | -4.6% | -6.2% | 100% |
| Q4 2025 | +4.4% | +2.4% | +2.1% | 100% |
| Q3 2025 | +9.5% | +7.8% | +1.7% | 100% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 100% |
| Q1 2025 | -2.6% | -4.6% | +1.9% | 100% |
| Q4 2024 | +0.3% | +2.1% | -1.9% | 100% |
| Q3 2024 | +7.4% | +5.4% | +1.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $537.9M | 48 |
| Q1 2026 | $505.6M | 52 |
| Q4 2025 | $570.7M | 56 |
| Q3 2025 | $573.2M | 57 |
| Q2 2025 | $525.8M | 61 |
| Q1 2025 | $514.4M | 65 |
| Q4 2024 | $506.2M | 54 |
| Q3 2024 | $525.7M | 54 |
| Q2 2024 | $447.0M | 54 |
| Q1 2024 | $499.4M | 53 |
| Q4 2023 | $460.6M | 54 |
| Q3 2023 | $420.8M | 58 |