Gfi Investment Counsel Ltd. Portfolio Holdings by Sector

Gfi Investment Counsel Ltd.

Industry	Value	Buys	Sells	New Positions	Closed Positions	Options
Financial Data & Stock Exchanges \| Financial Services MCO MSCI 2 stocks	$143,753 17.79% of portfolio	1	1	-	-	0 Calls 0 Puts
Credit Services \| Financial Services V AXP 2 stocks	$121,619 15.05% of portfolio	1	1	-	-	0 Calls 0 Puts
Consulting Services \| Industrials EFX BAH 2 stocks	$118,534 14.67% of portfolio	1	1	-	-	0 Calls 0 Puts
Software—Infrastructure \| Technology MSFT VRSN 2 stocks	$88,199 10.92% of portfolio	-	1	-	-	0 Calls 0 Puts
Consumer Electronics \| Technology AAPL 1 stocks	$78,427 9.71% of portfolio	-	1	-	-	0 Calls 0 Puts
Specialty Chemicals \| Basic Materials SHW 1 stocks	$71,147 8.81% of portfolio	-	1	-	-	0 Calls 0 Puts
Lodging \| Consumer Cyclical HLT 1 stocks	$61,295 7.59% of portfolio	1	-	-	-	0 Calls 0 Puts
Insurance Brokers \| Financial Services AON 1 stocks	$53,682 6.64% of portfolio	1	-	-	-	0 Calls 0 Puts
Information Technology Services \| Technology G 1 stocks	$50,575 6.26% of portfolio	1	-	-	-	0 Calls 0 Puts
ETFs \| ETFs BIL IGIB 2 stocks	$7,058 0.87% of portfolio	1	1	-	-	0 Calls 0 Puts
Software—Application \| Technology CRM 1 stocks	$5,848 0.72% of portfolio	1	-	1	-	0 Calls 0 Puts
Auto Parts \| Consumer Cyclical XPEL 1 stocks	$5,230 0.65% of portfolio	-	-	-	-	0 Calls 0 Puts
Real Estate Services \| Real Estate FSV 1 stocks	$2,281 0.28% of portfolio	-	1	-	-	0 Calls 0 Puts
Internet Content & Information \| Communication Services META 1 stocks	$286 0.04% of portfolio	-	-	-	-	0 Calls 0 Puts

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