Hillsdale Investment Management Inc. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Hillsdale Investment Management Inc. disclosed 635 US equity positions worth $3.3bn in its Q3 2025 13F filing. The largest position was RY at 3.8% of the reported book, followed by CM and TD. Against the Q2 2025 filing, it opened 6 new positions, added to 20 and reduced 21 among the top 50 holdings.
What did Hillsdale Investment Management Inc. own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | RY Royal Bank of Canada | Financial Services | 3.8% | $125.9m | 854,537 | 2% | added |
| 2 | CM Canadian Imperial Bank of Commerce | Financial Services | 2.9% | $94.7m | 1,184,871 | 2% | added |
| 3 | TD Toronto-Dominion Bank (The) | Financial Services | 2.6% | $87.0m | 1,087,695 | 63% | added |
| 4 | SHOP SHOPIFY INC | Technology | 2.4% | $79.7m | 536,813 | -3% | reduced |
| 5 | BNS The Bank of Nova Scotia | Financial Services | 2.1% | $70.8m | 1,094,741 | -0% | held |
| 6 | AEM Agnico Eagle Mines Ltd | Basic Materials | 2.1% | $68.7m | 408,221 | -15% | reduced |
| 7 | BMO Bank of Montreal | Financial Services | 2.1% | $68.4m | 525,022 | -5% | reduced |
| 8 | ENB Enbridge Inc | Energy | 2.0% | $64.9m | 1,285,885 | -26% | reduced |
| 9 | EFXT Enerflex Ltd | Energy | 1.5% | $50.7m | 4,701,464 | 436% | added |
| 10 | NVDA NVIDIA Corporation | Technology | 1.3% | $44.1m | 236,441 | -1% | reduced |
| 11 | SSRM SSR Mining Inc | Basic Materials | 1.3% | $42.5m | 1,739,475 | 267512% | added |
| 12 | KGC Kinross Gold Corp | Basic Materials | 1.3% | $42.3m | 1,704,212 | -21% | reduced |
| 13 | WPM Wheaton Precious Metals Corp | Basic Materials | 1.3% | $41.9m | 374,759 | -6% | reduced |
| 14 | FTS FORTIS INC | Utilities | 1.2% | $41.2m | 813,216 | 2% | added |
| 15 | ARIS Aris Mining Corp | 1.2% | $39.8m | 4,063,578 | -15% | reduced | |
| 16 | NGDN New Gold Inc | 1.2% | $39.6m | 5,535,228 | -26% | reduced | |
| 17 | BCE BCE Inc. | Communication Services | 1.2% | $39.5m | 1,692,927 | 100% | added |
| 18 | MSFT MICROSOFT CORP | Technology | 1.2% | $38.5m | 74,372 | 13% | added |
| 19 | B Barrick Mining Corporation | Basic Materials | 1.1% | $35.7m | 1,086,751 | -26% | reduced |
| 20 | AAPL APPLE INC | Technology | 1.1% | $35.7m | 140,024 | -6% | reduced |
| 21 | SMIN iShares MSCI India Small-Cap ETF | 1.1% | $35.7m | 497,118 | 42% | added | |
| 22 | BN Brookfield Corp | Financial Services | 1.0% | $34.4m | 501,374 | 37% | added |
| 23 | EMA Emera Inc | 1.0% | $34.4m | 716,803 | -24% | reduced | |
| 24 | MGA Magna International Inc | Consumer Cyclical | 1.0% | $33.6m | 709,170 | – | new |
| 25 | AG First Majestic Silver Corp | Basic Materials | 1.0% | $32.8m | 2,671,305 | – | new |
| 26 | GOOGL Alphabet Inc | Communication Services | 0.9% | $29.4m | 120,774 | -15% | reduced |
| 27 | PAAS Pan American Silver Corp | Basic Materials | 0.8% | $25.0m | 646,400 | 96% | added |
| 28 | FSM Fortuna Mining Corp | Basic Materials | 0.7% | $24.8m | 2,766,440 | -25% | reduced |
| 29 | AMZN Amazon.com Inc | Consumer Cyclical | 0.7% | $23.1m | 105,287 | 17% | added |
| 30 | CGAU Centerra Gold Inc | Basic Materials | 0.7% | $23.1m | 2,157,215 | – | new |
| 31 | RCI Rogers Communications Inc | Communication Services | 0.6% | $20.9m | 606,717 | – | new |
| 32 | META Meta Platforms Inc | Communication Services | 0.6% | $20.3m | 27,618 | 21% | added |
| 33 | CCJ Cameco Corp | Energy | 0.6% | $20.3m | 241,383 | 42% | added |
| 34 | HBM Hudbay Minerals Inc | Basic Materials | 0.5% | $15.5m | 1,023,100 | – | new |
| 35 | CLS Celestica Inc | Technology | 0.5% | $15.2m | 61,900 | -44% | reduced |
| 36 | BAM Brookfield Asset Management Ltd | Financial Services | 0.4% | $14.5m | 254,212 | 66% | added |
| 37 | CNQ Canadian Natural Resources Ltd | Energy | 0.4% | $14.0m | 436,734 | -34% | reduced |
| 38 | STN Stantec Inc | Industrials | 0.4% | $13.9m | 128,500 | -5% | reduced |
| 39 | PBA Pembina Pipeline Corp | Energy | 0.4% | $12.9m | 319,154 | -70% | reduced |
| 40 | GIL Gildan Activewear Inc | Consumer Cyclical | 0.4% | $12.3m | 213,620 | 41% | added |
| 41 | RMBS Rambus Inc | Technology | 0.4% | $11.7m | 112,700 | 9% | added |
| 42 | GAU Galiano Gold Inc | Basic Materials | 0.3% | $11.5m | 5,290,195 | – | new |
| 43 | CRDO Credo Technology Group Holding Ltd | Technology | 0.3% | $11.4m | 78,310 | -15% | reduced |
| 44 | MFC Manulife Financial Corp | Financial Services | 0.3% | $11.3m | 362,991 | -67% | reduced |
| 45 | RBA RB Global Inc | Industrials | 0.3% | $11.2m | 103,810 | 0% | held |
| 46 | AVGO Broadcom Inc | Technology | 0.3% | $11.1m | 33,794 | -17% | reduced |
| 47 | IAG IAMGold Corp | Basic Materials | 0.3% | $11.1m | 862,155 | -0% | held |
| 48 | V VISA INC | Financial Services | 0.3% | $11.0m | 32,250 | 73% | added |
| 49 | SU Suncor Energy Inc. | Energy | 0.3% | $10.9m | 260,422 | 31% | added |
| 50 | PRIM Primoris Services Corp | Industrials | 0.3% | $10.8m | 78,780 | 4% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.