# EDGAR Filing Document

**Accession Number:** 0002023896
**File Stem:** 0001062993-25-016443
**Filing Date:** 2025-11
**Character Count:** 14916
**Document Hash:** 7c31236ffc41d82803771de0983a88b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-25-016443.hdr.sgml**: 20251104

**ACCESSION NUMBER**: 0001062993-25-016443

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251104

**DATE AS OF CHANGE**: 20251104

**EFFECTIVENESS DATE**: 20251104

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RAELIPSKIE PARTNERSHIP
- **CENTRAL INDEX KEY:** 0002023896

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24192
- **FILM NUMBER:** 251448210

**BUSINESS ADDRESS:**
- **STREET 1:** 20 ERB STREET WEST SUITE 201
- **CITY:** WATERLOO
- **STATE:** A6
- **ZIP:** N2L1T2
- **BUSINESS PHONE:** 5195786849

**MAIL ADDRESS:**
- **STREET 1:** 20 ERB STREET WEST SUITE 201
- **CITY:** WATERLOO
- **STATE:** A6
- **ZIP:** N2L1T2

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** RAELIPSKIE PARTNERSHIP<br>**Address:** 20 ERB STREET WEST SUITE 201<br>WATERLOO, A6 N2L1T2

**Form 13F File Number:** 028-24192

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Joe Banwait<br>**Title:** Chief Compliance Officer<br>**Phone:** 5195786849

**Signature, Place, and Date of Signing:**

Joe Banwait  Waterloo, A6  11-03-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 116

**Form 13F Information Table Value Total:** $232824689

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M COMPANY (USA) | COM | 000666038 |  | 21725 | 140 | SH |  | SOLE |  | 140 | 0 | 0 |
| ABBOTT LABS (USA) | COM | 000001388 |  | 27458 | 205 | SH |  | SOLE |  | 205 | 0 | 0 |
| ACASTI PHARMA INC | COM | 004390104 |  | 6 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| ACCENTURE (IRELAND) | COM | G1151C101 |  | 1061120 | 4303 | SH |  | SOLE |  | 4303 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 3351 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| AIRBUS SE UNSPONS ADR (FRA) | COM | 009279100 |  | 2011617 | 34552 | SH |  | SOLE |  | 34552 | 0 | 0 |
| ALIBABA GROUP HOLDING ADR | COM | 01609W102 |  | 3575 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| ALPHABET INC CL-A (USA) | COM | 02079K305 |  | 3576487 | 14712 | SH |  | SOLE |  | 14712 | 0 | 0 |
| AMAZON COM INC (USA) | COM | 000018888 |  | 2985713 | 13598 | SH |  | SOLE |  | 13598 | 0 | 0 |
| AMERICA MOVIL S.A.B. DE C | COM | 02390A101 |  | 37800 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| AMERICAN EAGLE OUTFITTERS | COM | 02553E106 |  | 479 | 28 | SH |  | SOLE |  | 28 | 0 | 0 |
| AMERICAN TOWER CORP (USA) | COM | 000019691 |  | 1390858 | 7232 | SH |  | SOLE |  | 7232 | 0 | 0 |
| API GROUP CORP | COM | 00187Y100 |  | 21653 | 630 | SH |  | SOLE |  | 630 | 0 | 0 |
| APPLE INC (USA) | COM | 037833100 |  | 6509107 | 25563 | SH |  | SOLE |  | 25563 | 0 | 0 |
| AT  T INC (USA) | COM | 00206R102 |  | 34199 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| BANCO SANTAN CEN HISP-ADR (ESP) | COM | 05964H105 |  | 2267893 | 216402 | SH |  | SOLE |  | 216402 | 0 | 0 |
| BANK OF AMERICA (USA) | COM | 060505104 |  | 1829227 | 35457 | SH |  | SOLE |  | 35457 | 0 | 0 |
| BERKSHIRE HATHAWAY-B-NEW (USA) | COM | 084670702 |  | 2574532 | 5121 | SH |  | SOLE |  | 5121 | 0 | 0 |
| BHP BILLITON LTD S/ADR (AUS) | COM | 088606108 |  | 1044030 | 18727 | SH |  | SOLE |  | 18727 | 0 | 0 |
| BOEING COMPANY (USA) | COM | 097023105 |  | 24820 | 115 | SH |  | SOLE |  | 115 | 0 | 0 |
| BRITISH PETE ADR - PLC (GBR) | COM | 055622104 |  | 765253 | 22207 | SH |  | SOLE |  | 22207 | 0 | 0 |
| BROADCOM LTD (USA) | COM | 11135F101 |  | 2777842 | 8420 | SH |  | SOLE |  | 8420 | 0 | 0 |
| CARRIER GLOBAL CORPORATIO | COM | 14448C104 |  | 15224 | 255 | SH |  | SOLE |  | 255 | 0 | 0 |
| CHEVRON CORP (USA) | COM | 166764100 |  | 93174 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| CHUBB LTD | COM | H1467J104 |  | 2823 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| CISCO SYSTEMS INC (USA) | COM | 17275R102 |  | 1903376 | 27819 | SH |  | SOLE |  | 27819 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 6755 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 54626 | 166 | SH |  | SOLE |  | 166 | 0 | 0 |
| CRISPR THERAPEUTICS AG | COM | H17182108 |  | 6481 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2112 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| DANAHER CORP | COM | 235851102 |  | 22205 | 112 | SH |  | SOLE |  | 112 | 0 | 0 |
| DIAGEO PLC SP/ADR (GBR) | COM | 25243Q205 |  | 555498 | 5821 | SH |  | SOLE |  | 5821 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 1668 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| EDITAS MEDICINE | COM | 28106W103 |  | 694 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1616 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| ETF - DVYE EMERGING DIV (USA) | COM | 464286319 |  | 629428 | 21200 | SH |  | SOLE |  | 21200 | 0 | 0 |
| ETF - EMXC EMRG MKTS EX CHINA ISHARE  (USA) | COM | 46434G764 |  | 9186896 | 136082 | SH |  | SOLE |  | 136082 | 0 | 0 |
| ETF - HDV US DIVIDEND75 (USA) | COM | 46429B663 |  | 1927975 | 15745 | SH |  | SOLE |  | 15745 | 0 | 0 |
| ETF - IBB US BIOTECH (USA) | COM | 464287556 |  | 1410928 | 9773 | SH |  | SOLE |  | 9773 | 0 | 0 |
| ETF - IVOO VANGUARD S MIDCAP 400 ETF (USA) | COM | 921932885 |  | 8340865 | 75565 | SH |  | SOLE |  | 75565 | 0 | 0 |
| ETF - IWM US RUSSELL2000 (USA) | COM | 464287655 |  | 11873219 | 49071 | SH |  | SOLE |  | 49071 | 0 | 0 |
| ETF - QQQ INVESCO TRUST (USA) | COM | 46090E103 |  | 18529820 | 30864 | SH |  | SOLE |  | 30864 | 0 | 0 |
| ETF - SHORT TREASURY BOND ISHAR (USA) | COM | 464288679 |  | 464058 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| ETF - SPY US S (USA) | COM | 78462F103 |  | 26444681 | 39696 | SH |  | SOLE |  | 39696 | 0 | 0 |
| ETF - VEA DEV MKT (USA) | COM | 921943858 |  | 19956835 | 333058 | SH |  | SOLE |  | 333058 | 0 | 0 |
| ETF - VSS WORLD SMALL (USA) | COM | 922042718 |  | 209549 | 1470 | SH |  | SOLE |  | 1470 | 0 | 0 |
| ETF - VWO EMERGING MKTS (USA) | COM | 922042858 |  | 14400990 | 265799 | SH |  | SOLE |  | 265799 | 0 | 0 |
| ETF DMXF - ISHRS ESG EAFE-xFF (Int'l) | COM | 46436E759 |  | 108990 | 1439 | SH |  | SOLE |  | 1439 | 0 | 0 |
| ETF EMXF - ISHRS ESG EM-xFF (Emg Mkts) | COM | 46436E742 |  | 100010 | 2209 | SH |  | SOLE |  | 2209 | 0 | 0 |
| ETF USXF - ISHRS ESG US-xFF | COM | 46436E767 |  | 128948 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| ETF-RSP INVESCO SP500 EQ WGT ETF (USA) | COM | 46137V357 |  | 18656995 | 98350 | SH |  | SOLE |  | 98350 | 0 | 0 |
| EXXON MOBIL CORP (USA) | COM | 000255969 |  | 3090139 | 27407 | SH |  | SOLE |  | 27407 | 0 | 0 |
| FIVERR INTERNATIONAL LTD | COM | 0M4R8T106 |  | 49 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| GE AEROSPACE | COM | 369604301 |  | 1560955 | 5189 | SH |  | SOLE |  | 5189 | 0 | 0 |
| HOME DEPOT INC (USA) | COM | 437076102 |  | 2837140 | 7002 | SH |  | SOLE |  | 7002 | 0 | 0 |
| HONEYTREE U.S. EQUITY ETF | COM | 02072L326 |  | 3340 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| HONEYWELL INTL INC (USA) | COM | 000324716 |  | 119564 | 568 | SH |  | SOLE |  | 568 | 0 | 0 |
| HSBC HOLDINGS PLC-SP ADR (GBR) | COM | 404280406 |  | 2610928 | 36784 | SH |  | SOLE |  | 36784 | 0 | 0 |
| INTEL CORP (USA) | COM | 458140100 |  | 146446 | 4365 | SH |  | SOLE |  | 4365 | 0 | 0 |
| INTERM CORP BOND VANGUARD | COM | 92206C870 |  | 18084 | 215 | SH |  | SOLE |  | 215 | 0 | 0 |
| INVESCO MSCI SUSTAINABLE | COM | 46137V407 |  | 477 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| ISHARES 0-3 MONTH TREASUR | COM | 46436E718 |  | 201410 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | COM | 46438F101 |  | 6500 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| ISHARES CORE MSCI EAFE | COM | 46432F842 |  | 1310 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| J.P. MORGAN CHASE AND CO (USA) | COM | 46625H100 |  | 5062021 | 16048 | SH |  | SOLE |  | 16048 | 0 | 0 |
| JOHNSON  JOHNSON (USA) | COM | 478160104 |  | 2529500 | 13642 | SH |  | SOLE |  | 13642 | 0 | 0 |
| JUMIA TECHNOLOGIES AG ADR | COM | 48138M105 |  | 28445 | 2450 | SH |  | SOLE |  | 2450 | 0 | 0 |
| KYNDRYL HLDGS INC (USA) | COM | 50155Q100 |  | 901 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 4581 | 15 | SH |  | SOLE |  | 15 | 0 | 0 |
| LUCID GROUP INC-NEW | COM | 549498202 |  | 48 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| LULULEMON ATHLETICA INC (USA) | COM | 000405723 |  | 1779 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| LVMH MOET HENNESSY LO-ADR (FRA) | COM | 000377807 |  | 985452 | 8057 | SH |  | SOLE |  | 8057 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES  (USA) | COM | N53745100 |  | 510703 | 10414 | SH |  | SOLE |  | 10414 | 0 | 0 |
| MASTERCARD INC | COM | 57636A104 |  | 56881 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| MCDONALD'S CORP  (USA) | COM | 000430579 |  | 2178284 | 7168 | SH |  | SOLE |  | 7168 | 0 | 0 |
| MERCK CO INC-NEW (USA) | COM | 000435499 |  | 1506460 | 17949 | SH |  | SOLE |  | 17949 | 0 | 0 |
| META PLATFORMS (USA) | COM | 30303M102 |  | 2584283 | 3519 | SH |  | SOLE |  | 3519 | 0 | 0 |
| MICROSOFT CORP (USA) | COM | 594918104 |  | 9293059 | 17942 | SH |  | SOLE |  | 17942 | 0 | 0 |
| NESTLE S.A. SP/ADR-FOR REG (CHE) | COM | 641069406 |  | 1675628 | 18259 | SH |  | SOLE |  | 18259 | 0 | 0 |
| NEXTERA ENERGY INC (USA) | COM | 65339F101 |  | 1585064 | 20997 | SH |  | SOLE |  | 20997 | 0 | 0 |
| NIKE INC CL-B (USA) | COM | 654106103 |  | 17084 | 245 | SH |  | SOLE |  | 245 | 0 | 0 |
| NOVARTIS ADR (CHE) | COM | 000505376 |  | 3926324 | 30617 | SH |  | SOLE |  | 30617 | 0 | 0 |
| NOVO-NORDISK A/S-ADR (DNK) | COM | 670100205 |  | 972185 | 17520 | SH |  | SOLE |  | 17520 | 0 | 0 |
| NU HOLDINGS LTD CL A | COM | G6683N103 |  | 16010 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | COM | 69608A108 |  | 9121 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| PEPSI CO (USA) | COM | 000538579 |  | 2594208 | 18472 | SH |  | SOLE |  | 18472 | 0 | 0 |
| PFIZER INC (USA) | COM | 717081103 |  | 302855 | 11886 | SH |  | SOLE |  | 11886 | 0 | 0 |
| PROCTER  GAMBLE CO (USA) | COM | 742718109 |  | 2205646 | 14355 | SH |  | SOLE |  | 14355 | 0 | 0 |
| PROLOGIS INC (USA) | COM | 74340W103 |  | 946622 | 8266 | SH |  | SOLE |  | 8266 | 0 | 0 |
| PRUDENTIAL FINANCIAL INC | COM | 744320102 |  | 1175478 | 11331 | SH |  | SOLE |  | 11331 | 0 | 0 |
| RAYTHEON TECHNOLOGIES COR | COM | 75513E101 |  | 41833 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| REPLIGEN CP | COM | 759916109 |  | 3342 | 25 | SH |  | SOLE |  | 25 | 0 | 0 |
| RIO TINTO PLC  SP/ADR (GBR) | COM | 767204100 |  | 755616 | 11447 | SH |  | SOLE |  | 11447 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC CL | COM | 76954A103 |  | 6019 | 410 | SH |  | SOLE |  | 410 | 0 | 0 |
| SALESFORCE INC (USA) | COM | 79466L302 |  | 1155849 | 4877 | SH |  | SOLE |  | 4877 | 0 | 0 |
| SILVER NCI-RBC TROY OZ | COM | 000754694 |  | 13869 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| SOLVENTUM CORPORATION | COM | 83444M101 |  | 730 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| SONY CORPORATION ADR (JPN) | COM | 835699307 |  | 1559871 | 54181 | SH |  | SOLE |  | 54181 | 0 | 0 |
| SPDR TOTAL STOCK MARKET P | COM | 78464A805 |  | 15485 | 192 | SH |  | SOLE |  | 192 | 0 | 0 |
| SPOTIFY TECHNOLOGY S.A. | COM | 0L8681T02 |  | 1019778 | 1461 | SH |  | SOLE |  | 1461 | 0 | 0 |
| TELADOC HEALTH INC | COM | 87918A105 |  | 3463 | 448 | SH |  | SOLE |  | 448 | 0 | 0 |
| TJX COMPANIES | COM | 872540109 |  | 11563 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| TOTAL S.A. SP ADR (FRA) | COM | 000673786 |  | 47752 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| TOYOTA MOTOR CO LTD ADR (JPN) | COM | 892331307 |  | 2187407 | 11447 | SH |  | SOLE |  | 11447 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 482300 | 1143 | SH |  | SOLE |  | 1143 | 0 | 0 |
| UBER (USA) | COM | 90353T100 |  | 1341797 | 13696 | SH |  | SOLE |  | 13696 | 0 | 0 |
| UNILEVER PLC ADS-EA REPR (GBR) | COM | 904767704 |  | 867741 | 14638 | SH |  | SOLE |  | 14638 | 0 | 0 |
| UNION PACIFIC CORP (USA) | COM | 907818108 |  | 1089666 | 4610 | SH |  | SOLE |  | 4610 | 0 | 0 |
| UNITED HEALTH GROUP INC (USA) | COM | 000696401 |  | 956481 | 2770 | SH |  | SOLE |  | 2770 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 913320101 |  | 13013 | 325 | SH |  | SOLE |  | 325 | 0 | 0 |
| VANGUARD INTERM GOVT BOND | COM | 92206C706 |  | 111056 | 1850 | SH |  | SOLE |  | 1850 | 0 | 0 |
| VEOLIA ENVIRONNEMENT-ADR (FRA) | COM | 92334N103 |  | 809958 | 47452 | SH |  | SOLE |  | 47452 | 0 | 0 |
| VISA INC CLASS-A (USA) | COM | 000711636 |  | 2512557 | 7360 | SH |  | SOLE |  | 7360 | 0 | 0 |
| WALMART STORES INC (USA) | COM | 000714160 |  | 2604223 | 25269 | SH |  | SOLE |  | 25269 | 0 | 0 |
| WELLS FARGO CO  (USA) | COM | 949746101 |  | 432930 | 5165 | SH |  | SOLE |  | 5165 | 0 | 0 |
| ZOETIS INC CL A | COM | 98978V103 |  | 10242 | 70 | SH |  | SOLE |  | 70 | 0 | 0 |

---