Nelson’s portfolio, weighted by position size. I update it approximately once a month.

(Updated on Aug 18th, 2026)

It is split into several easy-to-read sections, starting with the top 20 positions:

A few (updated!) FAQs to clear up some of your questions:

Is this only your portfolio?

No. It includes portfolios I manage for family members which I plan to inherit one day. Many positions overlap in both my portfolio and ones I manage.

Are you making progress selling down positions?

I’m getting there. We were at 93 companies in the April update, down to 91 in the May update, and then down to 89 in the June update.

We’re now down to 86, which includes new positions in Canadian Apartment Properties REIT (TSX:CAR.un) and Kroger (NYSE:KR), offset by the sales of Plaza Retail REIT (TSX:PLZ.un) and Abbive (NYSE:ABBV).

I’d like to get down to the 75-80 position level around the end of the year, and then continue to make sales in 2027.

How are you deciding which positions to sell?

I’m mostly looking in the 60-89 range in the portfolio. I’m much more inclined to sell a small position first, since I don’t have much conviction in those names. I’m currently looking hard at the 80th to 86th positions, and will likely make sales from there first.

Any small position is currently going through a test. My decision is either add to it — and make it a decent-sized position — or punt it. There are no holds in the 60-89 range. Only buys and sells.

From there I’m adding timing. I want to sell stocks when they’re high, rather than low. I want to keep things fairly neutral tax wise, so I may sell a loser and a winner at the same time.

I’m also considering where to allocate the new capital. I’m not finding a lot of buys among my current holdings, which is why I’m in no rush to sell the companies that are about to be acquired. I’ll be more aggressive selling if I want more cash for buying opportunities.

How many positions would you like to have long-term?

Anywhere from 40-50, I think. I plan to slowly increase the size of the U.S. part of my portfolio as well, with the goal to create a meaningful income stream in USD for traveling.

What’s happening to your income as you sell down these positions?

It’s actually going down a bit, since many of the positions I’m selling are higher income. I’m positioning myself for more growth, which is excellent over the long-term. But it’s a bit of a kick in the pants to see my projected portfolio income fall.

What will these monthly portfolio updates look like in the future?

I continue to take steps to remove the paywall from Canadian Dividend Investing. That is still scheduled to happen in October.

At that point I’ll share the portfolio with all subscribers, but only in email form. It’ll end up in your inbox, rather than on the site. Each month I’ll update the portfolio, share what I’m looking at buying, what I have bought in the last month, and so on. It’ll be a lot like the current monthly Interesting Stocks list, but with the portfolio added in.

Can I comment on your portfolio?

Sure. The best way to do so is by replying to one of the emails I send or send me a DM on Twitter (@CDInewsletter).