Gfi Investment Counsel Ltd. Portfolio Holdings by Sector

Gfi Investment Counsel Ltd.

Industry	Value	Buys	Sells	New Positions	Closed Positions	Options
Credit Services \| Financial Services V AXP 2 stocks	$142,184 17.5% of portfolio	1	1	-	-	0 Calls 0 Puts
Financial Data & Stock Exchanges \| Financial Services MCO MSCI 2 stocks	$141,168 17.37% of portfolio	1	1	-	-	0 Calls 0 Puts
Consulting Services \| Industrials EFX BAH 2 stocks	$100,811 12.4% of portfolio	2	-	-	-	0 Calls 0 Puts
Specialty Industrial Machinery \| Industrials ROP 1 stocks	$82,847 10.19% of portfolio	1	-	1	-	0 Calls 0 Puts
Software—Infrastructure \| Technology MSFT 1 stocks	$70,365 8.66% of portfolio	1	-	-	-	0 Calls 0 Puts
Information Technology Services \| Technology G 1 stocks	$66,319 8.16% of portfolio	-	1	-	-	0 Calls 0 Puts
Specialty Chemicals \| Basic Materials SHW 1 stocks	$65,632 8.08% of portfolio	1	-	-	-	0 Calls 0 Puts
Insurance Brokers \| Financial Services AON 1 stocks	$65,185 8.02% of portfolio	1	-	-	-	0 Calls 0 Puts
Lodging \| Consumer Cyclical HLT 1 stocks	$62,233 7.66% of portfolio	1	-	-	-	0 Calls 0 Puts
ETFs \| ETFs BIL IGIB 2 stocks	$6,999 0.86% of portfolio	-	1	-	-	0 Calls 0 Puts
Software—Application \| Technology CRM 1 stocks	$6,248 0.77% of portfolio	-	1	-	-	0 Calls 0 Puts
Real Estate Services \| Real Estate FSV 1 stocks	$2,074 0.26% of portfolio	-	-	-	-	0 Calls 0 Puts
Insurance—Diversified \| Financial Services BRK-B 1 stocks	$637 0.08% of portfolio	-	-	-	-	0 Calls 0 Puts

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