Hillsdale Investment Management Inc. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Hillsdale Investment Management Inc. disclosed 652 US equity positions worth $3.6bn in its Q4 2025 13F filing. The largest position was RY at 4.6% of the reported book, followed by CM and TD. Against the Q3 2025 filing, it opened 2 new positions, added to 24 and reduced 21 among the top 50 holdings.
What did Hillsdale Investment Management Inc. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | RY Royal Bank of Canada | Financial Services | 4.6% | $164.9m | 965,757 | 13% | added |
| 2 | CM Canadian Imperial Bank of Commerce | Financial Services | 3.1% | $111.4m | 1,226,951 | 4% | added |
| 3 | TD Toronto-Dominion Bank (The) | Financial Services | 3.0% | $110.1m | 1,166,579 | 7% | added |
| 4 | BNS The Bank of Nova Scotia | Financial Services | 2.4% | $85.3m | 1,153,861 | 5% | added |
| 5 | SHOP SHOPIFY INC | Technology | 2.1% | $77.3m | 479,434 | -11% | reduced |
| 6 | EFXT Enerflex Ltd | Energy | 2.0% | $72.4m | 4,686,254 | -0% | held |
| 7 | AEM Agnico Eagle Mines Ltd | Basic Materials | 1.9% | $70.5m | 414,943 | 2% | added |
| 8 | BMO Bank of Montreal | Financial Services | 1.7% | $62.2m | 478,120 | -9% | reduced |
| 9 | ENB Enbridge Inc | Energy | 1.6% | $56.2m | 1,173,067 | -9% | reduced |
| 10 | B Barrick Mining Corporation | Basic Materials | 1.4% | $50.9m | 1,165,501 | 7% | added |
| 11 | CGAU Centerra Gold Inc | Basic Materials | 1.4% | $50.7m | 3,513,875 | 63% | added |
| 12 | ERO Ero Copper Corp. | Basic Materials | 1.3% | $47.8m | 1,685,445 | 603% | added |
| 13 | NVDA NVIDIA Corporation | Technology | 1.3% | $45.7m | 245,106 | 4% | added |
| 14 | WPM Wheaton Precious Metals Corp | Basic Materials | 1.2% | $44.8m | 380,264 | 1% | added |
| 15 | FTS FORTIS INC | Utilities | 1.1% | $40.8m | 783,178 | -4% | reduced |
| 16 | AAPL APPLE INC | Technology | 1.1% | $40.1m | 147,332 | 5% | added |
| 17 | BCE BCE Inc. | Communication Services | 1.1% | $39.7m | 1,659,910 | -2% | reduced |
| 18 | MGA Magna International Inc | Consumer Cyclical | 1.1% | $38.7m | 725,425 | 2% | added |
| 19 | KGC Kinross Gold Corp | Basic Materials | 1.1% | $38.1m | 1,349,802 | -21% | reduced |
| 20 | GOOGL Alphabet Inc | Communication Services | 1.0% | $37.0m | 118,182 | -2% | reduced |
| 21 | SU Suncor Energy Inc. | Energy | 1.0% | $36.8m | 826,617 | 217% | added |
| 22 | MSFT MICROSOFT CORP | Technology | 1.0% | $36.3m | 75,162 | 1% | added |
| 23 | RCI Rogers Communications Inc | Communication Services | 1.0% | $36.0m | 951,727 | 57% | added |
| 24 | PBA Pembina Pipeline Corp | Energy | 1.0% | $35.0m | 917,125 | 187% | added |
| 25 | SMIN iShares MSCI India Small-Cap ETF | 1.0% | $34.8m | 497,118 | 0% | held | |
| 26 | ARIS Aris Mining Corp | 0.9% | $32.7m | 2,015,741 | -50% | reduced | |
| 27 | EMA Emera Inc | 0.9% | $32.6m | 661,160 | -8% | reduced | |
| 28 | NGDN New Gold Inc | 0.8% | $29.5m | 3,378,411 | -39% | reduced | |
| 29 | AG First Majestic Silver Corp | Basic Materials | 0.8% | $27.4m | 1,639,690 | -39% | reduced |
| 30 | MFC Manulife Financial Corp | Financial Services | 0.7% | $25.9m | 712,830 | 96% | added |
| 31 | QSR Restaurant Brands International Inc | Consumer Cyclical | 0.7% | $25.7m | 376,147 | 852% | added |
| 32 | AMZN Amazon.com Inc | Consumer Cyclical | 0.6% | $23.2m | 100,429 | -5% | reduced |
| 33 | PAAS Pan American Silver Corp | Basic Materials | 0.6% | $22.9m | 441,590 | -32% | reduced |
| 34 | BN Brookfield Corp | Financial Services | 0.6% | $22.6m | 490,364 | -2% | reduced |
| 35 | PDS Precision Drilling Corp | Energy | 0.6% | $21.0m | 291,836 | – | new |
| 36 | SSRM SSR Mining Inc | Basic Materials | 0.6% | $20.1m | 917,012 | -47% | reduced |
| 37 | CVE Cenovus Energy Inc | Energy | 0.5% | $19.4m | 1,145,115 | 105% | added |
| 38 | IAG IAMGold Corp | Basic Materials | 0.5% | $17.7m | 1,068,910 | 24% | added |
| 39 | META Meta Platforms Inc | Communication Services | 0.5% | $17.3m | 26,245 | -5% | reduced |
| 40 | CNQ Canadian Natural Resources Ltd | Energy | 0.5% | $16.6m | 488,289 | 12% | added |
| 41 | CLS Celestica Inc | Technology | 0.4% | $14.5m | 48,780 | -21% | reduced |
| 42 | BAM Brookfield Asset Management Ltd | Financial Services | 0.4% | $13.4m | 256,295 | 1% | added |
| 43 | FSM Fortuna Mining Corp | Basic Materials | 0.4% | $13.4m | 1,361,635 | -51% | reduced |
| 44 | NTR Nutrien Ltd | Basic Materials | 0.4% | $13.1m | 212,320 | 61% | added |
| 45 | GIL Gildan Activewear Inc | Consumer Cyclical | 0.4% | $13.1m | 209,150 | -2% | reduced |
| 46 | ARWR Arrowhead Pharmaceuticals Inc | Healthcare | 0.4% | $12.9m | 193,850 | – | new |
| 47 | AVGO Broadcom Inc | Technology | 0.4% | $12.7m | 36,774 | 9% | added |
| 48 | BBIO BridgeBio Pharma Inc | Healthcare | 0.3% | $12.6m | 164,540 | -0% | held |
| 49 | HBM Hudbay Minerals Inc | Basic Materials | 0.3% | $12.5m | 628,600 | -39% | reduced |
| 50 | GH Guardant Health Inc | Healthcare | 0.3% | $12.5m | 122,380 | -22% | reduced |
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.