Portland Investment Counsel Reduces Stake in Toronto Dominion Bank

The investment firm decreased its holdings in the Canadian bank by 25.9% in the third quarter.

Mar. 14, 2026 at 9:21am

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Portland Investment Counsel Inc. decreased its stake in shares of Toronto Dominion Bank (NYSE:TD) by 25.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm now owns 281,700 shares of the bank's stock, valued at $22,525,000, making it the 5th largest holding in its investment portfolio.

Why it matters

This filing provides insight into the investment strategy and portfolio changes of Portland Investment Counsel, a prominent investment management firm. Reductions in holdings of major bank stocks like Toronto Dominion Bank can signal broader market trends or shifts in the firm's investment thesis.

The details

According to the 13F filing, Portland Investment Counsel sold 98,400 shares of Toronto Dominion Bank during the third quarter. The firm now holds a $22.53 million stake in the Canadian bank, which accounts for around 6.1% of its total investment portfolio.

  • Portland Investment Counsel filed its 13F report for the third quarter of 2026 on March 14, 2026.

The players

Portland Investment Counsel Inc.

An investment management firm based in Portland, Oregon that oversees a portfolio of over $350 million in assets.

Toronto Dominion Bank

A major Canadian multinational banking and financial services company headquartered in Toronto.

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The takeaway

This filing highlights the shifting investment strategies of major institutional investors like Portland Investment Counsel, which can provide valuable insights into broader market trends and the outlooks for individual stocks like Toronto Dominion Bank.