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Ravenstone Capital Management Inc.

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13F filer, CIK 2086041, TORONTO, Ontario, Canada

Ravenstone Capital Management Inc. reported $204,310,370 across 40 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2026-06-26. Its ten largest share positions make up 62.17% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0002086041-26-000018

Period
2025-09-30
Reported value
$204M
Holdings
40
Top 10 weight
62.17%
New
2
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ROPnew+11,647$5.81M
BNadded+33,710$2.31M
FASTadded+19,120$938K
CPadded+5,951$443K
ZTSadded+2,090$306K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
APHreduced-33,609-$4.16M
MSFTreduced-1,457-$755K
GOOGreduced-1,533-$373K
AMZNreduced-280-$61.5K
FTNTreduced-645-$54.2K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0002086041-26-000018, largest first. % of portfolio is the value over $204,310,370, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,137 shares; 2024Q4: 33,532 shares; 2025Q1: 34,355 shares; 2025Q2: 35,768 shares; 2025Q3: 34,311 shares 34,311$17.8M8.7%-1,457Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,047 shares; 2024Q4: 46,672 shares; 2025Q1: 47,778 shares; 2025Q2: 47,537 shares; 2025Q3: 47,874 shares 47,874$16.3M8%+337Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,375 shares; 2024Q4: 67,340 shares; 2025Q1: 63,215 shares; 2025Q2: 66,641 shares; 2025Q3: 65,108 shares 65,108$15.9M7.76%-1,533Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,185 shares; 2024Q4: 149,190 shares; 2025Q1: 153,805 shares; 2025Q2: 144,665 shares; 2025Q3: 111,056 shares 111,056$13.7M6.73%-33,609Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,838 shares; 2025Q2: 125,643 shares; 2025Q3: 159,353 shares 159,353$10.9M5.35%+33,710Timeline
FASTFASTENAL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,110 shares; 2024Q4: 80,960 shares; 2025Q1: 94,315 shares; 2025Q2: 200,448 shares; 2025Q3: 219,568 shares 219,568$10.8M5.27%+19,120Timeline
RYROYAL BK CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,667 shares; 2024Q4: 64,946 shares; 2025Q1: 67,733 shares; 2025Q2: 72,043 shares; 2025Q3: 72,608 shares 72,608$10.7M5.24%+565Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,040 shares; 2024Q4: 18,315 shares; 2025Q1: 19,977 shares; 2025Q2: 21,284 shares; 2025Q3: 21,664 shares 21,664$10.5M5.16%+380Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,139 shares; 2024Q4: 17,462 shares; 2025Q1: 19,039 shares; 2025Q2: 21,456 shares; 2025Q3: 21,629 shares 21,629$10.5M5.13%+173Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,582 shares; 2024Q4: 40,312 shares; 2025Q1: 44,340 shares; 2025Q2: 48,621 shares; 2025Q3: 49,741 shares 49,741$9.86M4.83%+1,120Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,565 shares; 2024Q4: 21,005 shares; 2025Q1: 22,210 shares; 2025Q2: 23,583 shares; 2025Q3: 24,228 shares 24,228$9.82M4.8%+645Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,210 shares; 2024Q4: 21,930 shares; 2025Q1: 24,688 shares; 2025Q2: 26,835 shares; 2025Q3: 27,158 shares 27,158$9.4M4.6%+323Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,710 shares; 2024Q4: 95,110 shares; 2025Q1: 106,525 shares; 2025Q2: 112,786 shares; 2025Q3: 118,737 shares 118,737$8.85M4.33%+5,951Timeline
WCNWASTE CONNECTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,984 shares; 2024Q4: 43,854 shares; 2025Q1: 46,024 shares; 2025Q2: 47,779 shares; 2025Q3: 48,207 shares 48,207$8.48M4.15%+428Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,850 shares; 2024Q4: 49,915 shares; 2025Q1: 51,380 shares; 2025Q2: 54,646 shares; 2025Q3: 56,736 shares 56,736$8.3M4.06%+2,090Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,233 shares; 2024Q4: 72,938 shares; 2025Q1: 79,490 shares; 2025Q2: 83,674 shares; 2025Q3: 85,706 shares 85,706$8.09M3.96%+2,032Timeline
FTNTFORTINET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,105 shares; 2024Q4: 96,780 shares; 2025Q1: 85,150 shares; 2025Q2: 90,843 shares; 2025Q3: 90,198 shares 90,198$7.58M3.71%-645Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,104 shares; 2024Q4: 15,190 shares; 2025Q1: 13,935 shares; 2025Q2: 14,528 shares; 2025Q3: 14,638 shares 14,638$6.55M3.2%+110Timeline
ROPROPER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,647 shares 11,647$5.81M2.84%newTimeline
TLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 180 shares; 2024Q4: 1,120 shares; 2025Q1: 15,056 shares; 2025Q2: 15,791 shares; 2025Q3: 16,620 shares 16,620$1.49M0.73%+829Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,740 shares; 2024Q4: 3,440 shares; 2025Q1: 3,256 shares; 2025Q2: 3,140 shares; 2025Q3: 3,140 shares 3,140$763K0.37%0Timeline
BNSBANK NOVA SCOTIA B CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,153 shares; 2024Q4: 12,448 shares; 2025Q1: 9,876 shares; 2025Q2: 9,485 shares; 2025Q3: 9,485 shares 9,485$614K0.3%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 600 shares; 2025Q1: 638 shares; 2025Q2: 600 shares; 2025Q3: 600 shares 600$441K0.22%0Timeline
CECOCECO ENVIRONMENTAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,500 shares; 2025Q3: 5,500 shares 5,500$282K0.14%0Timeline
CASYCASEYS GEN STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 450 shares; 2024Q4: 450 shares; 2025Q1: 450 shares; 2025Q2: 450 shares; 2025Q3: 450 shares 450$254K0.12%0Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 216 shares; 2024Q4: 216 shares; 2025Q1: 216 shares; 2025Q2: 216 shares; 2025Q3: 216 shares 216$200K0.1%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 640 shares; 2025Q1: 910 shares; 2025Q2: 1,140 shares; 2025Q3: 860 shares 860$189K0.09%-280Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 775 shares; 2025Q2: 775 shares; 2025Q3: 775 shares 775$65.1K0.03%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200 shares; 2024Q4: 1,700 shares; 2025Q1: 350 shares; 2025Q2: 264 shares; 2025Q3: 264 shares 264$49.3K0.02%0Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30 shares; 2024Q4: 30 shares; 2025Q1: 1,183 shares; 2025Q2: 55 shares; 2025Q3: 55 shares 55$24.5K0.01%0Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38 shares; 2024Q4: 38 shares; 2025Q1: 38 shares; 2025Q2: 38 shares; 2025Q3: 38 shares 38$19.1K0.01%0Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 60 shares; 2025Q3: 60 shares 60$6.87K<0.01%0Timeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 80 shares; 2025Q2: 80 shares; 2025Q3: 80 shares 80$5.2K<0.01%0Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50 shares 50$4.17K<0.01%newTimeline
ABVEFABOVE FOOD INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105 shares; 2024Q4: 1,051 shares; 2025Q1: 1,051 shares; 2025Q2: 1,051 shares; 2025Q3: 1,051 shares 1,051$1.83K<0.01%0Timeline
SNDLSNDL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 383 shares; 2024Q4: 383 shares; 2025Q1: 383 shares; 2025Q2: 383 shares; 2025Q3: 383 shares 383$1.01K<0.01%0Timeline
ROKUROKU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4 shares; 2024Q4: 4 shares; 2025Q1: 4 shares; 2025Q2: 4 shares; 2025Q3: 4 shares 4$401<0.01%0Timeline
SNAPSNAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35 shares; 2024Q4: 35 shares; 2025Q1: 35 shares; 2025Q2: 35 shares; 2025Q3: 35 shares 35$270<0.01%0Timeline
CGCCANOPY GROWTH CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10 shares; 2024Q4: 10 shares; 2025Q1: 10 shares; 2025Q2: 10 shares; 2025Q3: 10 shares 10$15<0.01%0Timeline
WTS-LEAFLY HLDGS 4FEB27WTS-LEAFLY HLDGS 4FEB27Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125 shares; 2024Q4: 125 shares; 2025Q1: 125 shares; 2025Q2: 125 shares; 2025Q3: 125 shares 125$00%0Value filed as zero, left out of ratios.

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
MAMASTERCARD INCORPORATED75$42.1Kshares
BMOBANK OF MONTREAL175$19.4Kshares
GEGE AEROSPACE37$9.52Kshares
UPSUNITED PARCEL SVCS INC75$7.57Kshares
XYZBLOCK INC75$5.09Kshares
GEVGE VERNOVA INC9$4.76Kshares
GEHCGE HEALTHCARE TECHNOLOGIES I12$889shares
WABWABTEC1$209shares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0002086041-26-000018 base2026-06-26acceptance time not in the bulk data set