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Hillsdale Investment Management Inc.

1 FIRST CANADIAN PLACE 100 KING ST WEST, SUITE 5900 P.O. 477, TORONTO, A6 M5X 1E4 • 416-913-3900

Q2 2025 · Filed 2025-08-12
Market Value
$2.6B
+39.0%
Holdings
703
+1
New Purchases
131
Added To
244
Closed
108
Reduced
150
Top 10 Concentration
24.6%
Turnover
34.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EMRAF 1.65% 0.00% +1.65% $43M
ARIS 1.22% 0.00% +1.22% $32M
B 1.16% 0.00% +1.16% $31M
NVDA 1.43% 0.34% +1.09% $38M
SII 1.08% 0.00% +1.08% $28M
MSFT 1.24% 0.26% +0.98% $33M
SLF 1.07% 0.20% +0.86% $28M
AAPL 1.16% 0.36% +0.80% $31M
SAND 0.76% 0.00% +0.76% $20M
BCE 0.71% 0.00% +0.71% $19M
GOOGL 0.95% 0.24% +0.71% $25M
SMIN 1.03% 0.37% +0.66% $27M
AMZN 0.75% 0.19% +0.56% $20M
META 0.64% 0.19% +0.45% $17M
NEM 0.98% 0.54% +0.44% $26M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ENRFF 0.26% 2.36% -2.10% $7M
MEOH 0.00% 1.95% -1.95% $0
RY 4.18% 5.75% -1.57% $110M
MFC 1.32% 2.84% -1.52% $35M
ORLA 0.72% 2.11% -1.40% $19M
TD 1.86% 3.00% -1.14% $49M
BMO 2.33% 3.23% -0.90% $61M
GIL 0.28% 1.16% -0.87% $7M
CAE 0.41% 1.21% -0.79% $11M
SU 0.28% 1.06% -0.78% $7M
AEM 2.18% 2.94% -0.76% $57M
FSM 0.91% 1.65% -0.73% $24M
SHOP 2.43% 3.12% -0.69% $64M
CM 3.15% 3.81% -0.66% $83M
ENB 3.00% 3.58% -0.58% $79M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 25.7%
Technology 16.3%
Basic Materials 14.6%
Energy 11.2%
Consumer Cyclical 10.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 47 $397M 15.1%
Large Cap 185 $1.1B 40.9%
Mid Cap 238 $735M 27.9%
Small Cap 172 $384M 14.6%
Micro Cap 61 $40M 1.5%

Portfolio Analytics

Avg Market Cap
$81.0B
Median Market Cap
$4.4B
Avg P/E
32.8
Median P/E
20.1
Avg Dividend Yield
0.01%
Avg Beta
1.02
# Stocks
677
# ETFs / Funds
26

Top Holdings (703 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 4.18% 833,778 $110M $131.89 $1M -131,428 -13.6%
2 CM 3.15% 1,165,737 $83M $71.03 $11M -116,089 -9.1%
3 ENB 3.00% 1,741,794 $79M $45.38 $11M +211,416 +13.8%
4 SHOP 2.43% 554,136 $64M $115.42 $5M -66,693 -10.7%
5 BMO 2.33% 552,939 $61M $110.90 $163K -87,345 -13.6%
6 BNS 2.31% 1,096,397 $61M $55.34 $9M +3,661 +0.3%
7 AEM 2.18% 480,246 $57M $119.23 $2M -32,533 -6.3%
8 TD 1.86% 665,382 $49M $73.61 -$8M -281,636 -29.7%
9 EMRAF 1.65% 946,507 $43M $45.84 +946,507 NEW
10 PBA 1.51% 1,057,273 $40M $37.57 $15M +442,278 +71.9%
11 FTS 1.44% 794,320 $38M $47.78 $13M +236,347 +42.4%
12 NVDA 1.43% 238,746 $38M $157.99 $31M +179,200 +300.9%
13 NGD 1.42% 7,500,739 $37M $4.98 $8M -461,788 -5.8%
14 WPM 1.36% 397,579 $36M $89.99 $15M +129,034 +48.0%
15 MFC 1.32% 1,085,013 $35M $32.00 -$19M -637,435 -37.0%
16 KGC 1.28% 2,158,987 $34M $15.64 $8M +123,974 +6.1%
17 MSFT 1.24% 65,564 $33M $497.41 $28M +52,650 +407.7%
18 ARIS 1.22% 4,774,163 $32M $6.74 +4,774,163 NEW
19 B 1.16% 1,470,729 $31M $20.83 +1,470,729 NEW
20 AAPL 1.16% 149,289 $31M $205.17 $24M +118,620 +386.8%
21 SII 1.08% 409,085 $28M $69.18 +409,085 NEW
22 SLF 1.07% 421,138 $28M $66.59 $24M +353,839 +525.8%
23 SMIN 1.03% 350,118 $27M $77.18 $20M +248,418 +244.3%
24 NEM 0.98% 444,090 $26M $58.32 $16M +232,090 +109.5%
25 GOOGL 0.95% 142,004 $25M $176.23 $20M +112,610 +383.1%
26 FSM 0.91% 3,670,115 $24M $6.55 -$7M -1,451,020 -28.3%
27 BN 0.86% 364,949 $23M $61.94 $3M -2,507 -0.7%
28 CNQ 0.80% 666,405 $21M $31.45 $9M +269,858 +68.0%
29 SAND 0.76% 2,131,235 $20M $9.41 +2,131,235 NEW
30 AMZN 0.75% 89,957 $20M $219.39 $16M +71,360 +383.7%
31 ORLA 0.72% 1,871,279 $19M $10.05 -$21M -2,404,786 -56.2%
32 BCE 0.71% 846,966 $19M $22.19 $19M +845,525 +58676.3%
33 CLS 0.66% 110,990 $17M $156.36 $8M -7,643 -6.4%
34 META 0.64% 22,815 $17M $738.09 $13M +16,665 +271.0%
35 STN 0.56% 135,710 $15M $108.89 $6M +31,920 +30.8%
36 WCN 0.51% 71,200 $13M $186.94 -$6M -26,034 -26.8%
37 CCJ 0.48% 169,448 $13M $74.32 $10M +105,523 +165.1%
38 AVGO 0.43% 40,744 $11M $275.65 $10M +33,130 +435.1%
39 CAE 0.41% 371,675 $11M $29.33 -$12M -557,830 -60.0%
40 PAAS 0.36% 329,100 $9M $28.40 $3M +85,700 +35.2%
41 FSV 0.36% 53,495 $9M $174.63 $336K -800 -1.5%
42 JPM 0.34% 30,652 $9M $289.91 $7M +24,110 +368.5%
43 FNV 0.33% 52,334 $9M $164.30 $9M +51,934 +12983.5%
44 CRDO 0.33% 92,350 $9M $92.59 $5M -720 -0.8%
45 SFM 0.31% 50,040 $8M $164.64 $2M +8,190 +19.6%
46 BPMC 0.31% 63,000 $8M $128.18 $3M +10,600 +20.2%
47 AMSC 0.31% 220,000 $8M $36.69 $5M +29,600 +15.6%
48 BKNG 0.31% 1,394 $8M $5,789.24 $6M +970 +228.8%
49 FTDR 0.30% 133,440 $8M $58.94 $3M +17,200 +14.8%
50 MA 0.30% 13,856 $8M $561.94 $7M +12,190 +731.7%
51 CVLT 0.29% 43,600 $8M $174.33 $2M +5,270 +13.8%
52 CVSA 0.29% 59,710 $8M $127.23 $1M -2,470 -4.0%
53 IBEX 0.29% 260,500 $8M $29.10 $2M +40,800 +18.6%
54 GIL 0.28% 151,100 $7M $49.31 -$14M -343,566 -69.5%
55 SU 0.28% 198,120 $7M $37.49 -$13M -322,048 -61.9%
56 SKYW 0.28% 72,080 $7M $102.97 $2M +11,700 +19.4%
57 ADBE 0.28% 19,088 $7M $386.88 $6M +15,020 +369.2%
58 LAUR 0.28% 311,821 $7M $23.38 $2M +47,800 +18.1%
59 AGX 0.28% 33,013 $7M $220.48 $4M +5,300 +19.1%
60 QTWO 0.28% 77,736 $7M $93.59 $2M +8,200 +11.8%
61 HIMS 0.28% 145,810 $7M $49.85 $3M +17,810 +13.9%
62 BOX 0.27% 211,350 $7M $34.17 $2M +26,100 +14.1%
63 GH 0.27% 136,100 $7M $52.04 +136,100 NEW
64 CALM 0.27% 70,980 $7M $99.63 $2M +14,200 +25.0%
65 CSGS 0.26% 106,700 $7M $65.31 $2M +21,200 +24.8%
66 REVG 0.26% 146,300 $7M $47.59 $3M +28,800 +24.5%
67 ENRFF 0.26% 877,371 $7M $7.90 -$38M -4,906,145 -84.8%
68 QCOM 0.26% 43,270 $7M $159.26 $5M +32,560 +304.0%
69 JNJ 0.26% 44,762 $7M $152.75 $6M +42,570 +1942.1%
70 OPLN 0.26% 279,100 $7M $24.45 $3M +64,500 +30.1%
71 BBIO 0.26% 157,160 $7M $43.18 +157,160 NEW
72 URBN 0.26% 92,710 $7M $72.54 $3M +18,600 +25.1%
73 ERO 0.25% 395,560 $7M $16.90 +395,560 NEW
74 SGHC 0.25% 604,880 $7M $10.97 $7M +604,000 +68636.4%
75 RMBS 0.25% 103,630 $7M $64.02 $3M +39,030 +60.4%
76 EPAC 0.25% 163,500 $7M $40.56 $472K +26,200 +19.1%
77 ADPT 0.25% 568,090 $7M $11.65 +568,090 NEW
78 V 0.25% 18,615 $7M $355.05 $5M +14,730 +379.1%
79 RAMP 0.25% 198,210 $7M $33.04 $2M +41,530 +26.5%
80 COST 0.25% 6,613 $7M $989.94 $6M +5,950 +897.4%
81 HSII 0.25% 142,200 $7M $45.76 $1M +24,200 +20.5%
82 ESE 0.25% 33,845 $6M $191.87 $2M +7,100 +26.6%
83 AMBA 0.24% 96,890 $6M $66.07 $3M +23,600 +32.2%
84 SANM 0.24% 65,080 $6M $97.83 $3M +21,100 +48.0%
85 IAG 0.24% 862,805 $6M $7.37 -$5M -883,600 -50.6%
86 SLAB 0.24% 42,830 $6M $147.36 +42,830 NEW
87 OIS 0.24% 1,174,300 $6M $5.36 $2M +373,500 +46.6%
88 HURN 0.24% 45,640 $6M $137.54 $1M +10,390 +29.5%
89 CARG 0.24% 185,250 $6M $33.47 $2M +45,200 +32.3%
90 BBW 0.24% 120,000 $6M $51.56 $2M +18,400 +18.1%
91 EAT 0.24% 34,300 $6M $180.33 $2M +8,100 +30.9%
92 MYRG 0.23% 34,040 $6M $181.45 +34,040 NEW
93 PRLB 0.23% 153,624 $6M $40.04 $2M +34,000 +28.4%
94 ADEA 0.23% 434,203 $6M $14.14 $2M +101,670 +30.6%
95 UPWK 0.23% 449,400 $6M $13.44 $1M +88,000 +24.4%
96 EXLS 0.23% 137,860 $6M $43.79 $1M +38,580 +38.9%
97 NTGR 0.23% 206,950 $6M $29.07 $2M +42,120 +25.6%
98 RNG 0.23% 211,450 $6M $28.35 $2M +60,800 +40.4%
99 VC 0.23% 64,100 $6M $93.30 $6M +64,000 +64000.0%
100 SPSC 0.23% 43,600 $6M $136.09 $2M +12,000 +38.0%

New Positions

SymbolValue% Port
EMRAF $43M 1.65%
ARIS $32M 1.22%
B $31M 1.16%
SII $28M 1.08%
SAND $20M 0.76%
GH $7M 0.27%
BBIO $7M 0.26%
ERO $7M 0.25%
ADPT $7M 0.25%
SLAB $6M 0.24%
MYRG $6M 0.23%
WOR $6M 0.22%
IRTC $6M 0.22%
GTX $6M 0.22%
HNI $6M 0.22%

Sold Out Positions

SymbolValue% Port
21P.F —%
TMHC —%
UNFI —%
DECK —%
FLR —%
MC —%
BRX —%
ALLE —%
CMG —%
AXTA —%
BANC —%
NSP —%
ALK —%
MS —%
AEO —%
View SEC EDGAR Filings for Hillsdale Investment Management Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms