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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

Q3 2025 · Filed 2025-11-10
Market Value
$3.2B
+22.8%
Holdings
729
+26
New Purchases
134
Added To
274
Closed
113
Reduced
133
Top 10 Concentration
23.4%
Turnover
33.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SSRM 1.31% 0.00% +1.31% $42M
ENRFF 1.57% 0.26% +1.31% $51M
MGA 1.04% 0.00% +1.04% $34M
AG 1.01% 0.00% +1.01% $33M
TD 2.69% 1.86% +0.83% $87M
CGAU 0.72% 0.00% +0.72% $23M
RCI 0.65% 0.00% +0.65% $21M
BCE 1.22% 0.71% +0.51% $40M
HBM 0.48% 0.00% +0.48% $15M
PAAS 0.77% 0.36% +0.42% $25M
GAU 0.36% 0.00% +0.36% $12M
CVE 0.29% 0.00% +0.29% $9M
HITI 0.25% 0.00% +0.25% $8M
AVAH 0.25% 0.00% +0.25% $8M
NTR 0.24% 0.00% +0.24% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PBA 0.40% 1.51% -1.11% $13M
SII 0.02% 1.08% -1.06% $489K
SLF 0.01% 1.07% -1.06% $200K
ENB 2.01% 3.00% -1.00% $65M
NEM 0.00% 0.98% -0.98% $0
MFC 0.35% 1.32% -0.97% $11M
SAND 0.00% 0.76% -0.76% $0
ORLA 0.00% 0.72% -0.72% $0
EMRAF 1.06% 1.65% -0.59% $34M
WCN 0.02% 0.51% -0.49% $675K
CNQ 0.43% 0.80% -0.36% $14M
CAE 0.06% 0.41% -0.35% $2M
BPMC 0.00% 0.31% -0.31% $0
AMSC 0.00% 0.31% -0.31% $9K
RY 3.90% 4.18% -0.28% $126M

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 52 $460M 14.2%
Large Cap 200 $1.2B 38.6%
Mid Cap 238 $893M 27.6%
Small Cap 173 $531M 16.4%
Micro Cap 66 $100M 3.1%

Portfolio Analytics

Avg Market Cap
$83.2B
Median Market Cap
$4.9B
Avg P/E
31.7
Median P/E
19.9
Avg Dividend Yield
0.01%
Avg Beta
1.03
# Stocks
701
# ETFs / Funds
28

Top Holdings (729 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 3.90% 854,537 $126M $147.35 $16M +20,759 +2.5%
2 CM 2.93% 1,184,871 $95M $79.89 $12M +19,134 +1.6%
3 TD 2.69% 1,087,695 $87M $79.94 $38M +422,313 +63.5%
4 SHOP 2.47% 536,813 $80M $148.53 $16M -17,323 -3.1%
5 BNS 2.19% 1,094,741 $71M $64.65 $10M -1,656 -0.1%
6 AEM 2.13% 408,221 $69M $168.39 $11M -72,025 -15.0%
7 BMO 2.12% 525,022 $68M $130.28 $7M -27,917 -5.0%
8 ENB 2.01% 1,285,885 $65M $50.44 -$14M -455,909 -26.2%
9 ENRFF 1.57% 4,701,464 $51M $10.78 $44M +3,824,093 +435.9%
10 NVDA 1.37% 236,441 $44M $186.58 $6M -2,305 -1.0%
11 SSRM 1.31% 1,739,475 $42M $24.41 $42M +1,738,825 +267511.5%
12 KGC 1.31% 1,704,212 $42M $24.81 $9M -454,775 -21.1%
13 WPM 1.30% 374,759 $42M $111.88 $6M -22,820 -5.7%
14 FTS 1.28% 813,216 $41M $50.71 $3M +18,896 +2.4%
15 ARIS 1.23% 4,063,578 $40M $9.80 $8M -710,585 -14.9%
16 NGD 1.23% 5,535,228 $40M $7.16 $2M -1,965,511 -26.2%
17 BCE 1.22% 1,692,927 $40M $23.36 $21M +845,961 +99.9%
18 MSFT 1.19% 74,372 $39M $517.95 $6M +8,808 +13.4%
19 B 1.10% 1,086,751 $36M $32.84 $5M -383,978 -26.1%
20 AAPL 1.10% 140,024 $36M $254.63 $5M -9,265 -6.2%
21 SMIN 1.10% 497,118 $36M $71.72 $9M +147,000 +42.0%
22 BN 1.06% 501,374 $34M $68.60 $12M +136,425 +37.4%
23 EMRAF 1.06% 716,803 $34M $47.97 -$9M -229,704 -24.3%
24 MGA 1.04% 709,170 $34M $47.37 +709,170 NEW
25 AG 1.01% 2,671,305 $33M $12.28 +2,671,305 NEW
26 GOOGL 0.91% 120,774 $29M $243.10 $4M -21,230 -14.9%
27 PAAS 0.77% 646,400 $25M $38.74 $16M +317,300 +96.4%
28 FSM 0.77% 2,766,440 $25M $8.95 $731K -903,675 -24.6%
29 AMZN 0.72% 105,287 $23M $219.57 $3M +15,330 +17.0%
30 CGAU 0.72% 2,157,215 $23M $10.71 +2,157,215 NEW
31 RCI 0.65% 606,717 $21M $34.42 +606,717 NEW
32 META 0.63% 27,618 $20M $734.38 $3M +4,803 +21.1%
33 CCJ 0.63% 241,383 $20M $83.91 $8M +71,935 +42.5%
34 HBM 0.48% 1,023,100 $15M $15.14 +1,023,100 NEW
35 CLS 0.47% 61,900 $15M $246.02 -$2M -49,090 -44.2%
36 CNQ 0.43% 436,734 $14M $31.97 -$7M -229,671 -34.5%
37 STN 0.43% 128,500 $14M $107.82 -$922K -7,210 -5.3%
38 PBA 0.40% 319,154 $13M $40.42 -$27M -738,119 -69.8%
39 GIL 0.38% 213,620 $12M $57.76 $5M +62,520 +41.4%
40 RMBS 0.36% 112,700 $12M $104.20 $5M +9,070 +8.8%
41 GAU 0.36% 5,290,195 $12M $2.18 +5,290,195 NEW
42 CRDO 0.35% 78,310 $11M $145.61 $3M -14,040 -15.2%
43 MFC 0.35% 362,991 $11M $31.15 -$23M -722,022 -66.5%
44 AVGO 0.35% 33,794 $11M $329.91 -$82K -6,950 -17.1%
45 IAG 0.34% 862,155 $11M $12.92 $5M -650 -0.1%
46 V 0.34% 32,250 $11M $341.38 $4M +13,635 +73.2%
47 SU 0.34% 260,422 $11M $41.84 $3M +62,302 +31.4%
48 PRIM 0.33% 78,780 $11M $137.33 $5M +2,790 +3.7%
49 IBEX 0.33% 259,500 $11M $40.52 $3M -1,000 -0.4%
50 LAUR 0.32% 327,221 $10M $31.54 $3M +15,400 +4.9%
51 CVSA 0.32% 66,660 $10M $154.45 $3M +6,950 +11.6%
52 FSV 0.31% 52,250 $10M $190.48 $611K -1,245 -2.3%
53 GH 0.30% 155,900 $10M $62.48 $3M +19,800 +14.6%
54 FTDR 0.30% 144,240 $10M $67.29 $2M +10,800 +8.1%
55 CVE 0.29% 558,600 $9M $16.98 +558,600 NEW
56 UPWK 0.29% 505,300 $9M $18.57 $3M +55,900 +12.4%
57 ADPT 0.29% 621,790 $9M $14.96 $3M +53,700 +9.4%
58 MA 0.28% 15,776 $9M $568.81 $1M +1,920 +13.9%
59 TILE 0.28% 309,913 $9M $28.94 $3M +29,700 +10.6%
60 REVG 0.27% 156,400 $9M $56.67 $2M +10,100 +6.9%
61 JPM 0.27% 27,592 $9M $315.43 -$183K -3,060 -10.0%
62 NUS 0.27% 708,060 $9M $12.19 $3M +47,400 +7.2%
63 OPLN 0.27% 298,800 $9M $28.78 $2M +19,700 +7.1%
64 BBIO 0.27% 165,260 $9M $51.94 $2M +8,100 +5.2%
65 PRLB 0.26% 169,584 $8M $50.03 $2M +15,960 +10.4%
66 SGHC 0.26% 638,730 $8M $13.20 $2M +33,850 +5.6%
67 NFLX 0.26% 6,974 $8M $1,198.92 $3M +2,850 +69.1%
68 SANM 0.26% 72,280 $8M $115.11 $2M +7,200 +11.1%
69 AMBA 0.26% 100,080 $8M $82.52 $2M +3,190 +3.3%
70 ADEA 0.25% 488,103 $8M $16.80 $2M +53,900 +12.4%
71 BBW 0.25% 125,400 $8M $65.21 $2M +5,400 +4.5%
72 VC 0.25% 67,900 $8M $119.86 $2M +3,800 +5.9%
73 RIGL 0.25% 284,394 $8M $28.33 $3M +22,330 +8.5%
74 BOX 0.25% 249,350 $8M $32.27 $825K +38,000 +18.0%
75 ODP 0.25% 288,902 $8M $27.85 $4M +53,700 +22.8%
76 HITI 0.25% 2,199,565 $8M $3.64 +2,199,565 NEW
77 SBH 0.25% 492,076 $8M $16.28 $4M +9,500 +2.0%
78 FNV 0.25% 35,893 $8M $222.53 -$611K -16,441 -31.4%
79 WWW 0.25% 290,550 $8M $27.44 $3M +7,470 +2.6%
80 BKNG 0.25% 1,474 $8M $5,399.27 -$112K +80 +5.7%
81 AVAH 0.25% 893,130 $8M $8.87 +893,130 NEW
82 RNG 0.24% 277,650 $8M $28.34 $2M +66,200 +31.3%
83 DXC 0.24% 574,800 $8M $13.63 $2M +195,400 +51.5%
84 GTX 0.24% 571,450 $8M $13.62 $2M +26,400 +4.8%
85 NTR 0.24% 131,955 $8M $58.71 $8M +131,895 +219825.0%
86 CSGS 0.24% 120,300 $8M $64.38 $776K +13,600 +12.8%
87 OIS 0.24% 1,266,500 $8M $6.06 $1M +92,200 +7.8%
88 EXLS 0.24% 174,200 $8M $44.03 $2M +36,340 +26.4%
89 MYRG 0.24% 36,640 $8M $208.03 $1M +2,600 +7.6%
90 KTB 0.24% 95,400 $8M $79.77 $2M +14,000 +17.2%
91 SKYW 0.24% 75,580 $8M $100.62 $183K +3,500 +4.9%
92 CVLT 0.23% 40,200 $8M $188.78 -$12K -3,400 -7.8%
93 CARG 0.23% 203,700 $8M $37.23 $1M +18,450 +10.0%
94 MD 0.23% 452,200 $8M $16.75 $2M +75,700 +20.1%
95 JXN 0.23% 74,700 $8M $101.23 $2M +14,000 +23.1%
96 EPAC 0.23% 183,900 $8M $41.00 $908K +20,400 +12.5%
97 HSII 0.23% 150,200 $7M $49.77 $968K +8,000 +5.6%
98 HCSG 0.23% 443,310 $7M $16.83 $2M +81,670 +22.6%
99 HNI 0.23% 158,000 $7M $46.85 $2M +42,800 +37.1%
100 CALM 0.23% 77,380 $7M $94.10 $210K +6,400 +9.0%

New Positions

SymbolValue% Port
MGA $34M 1.04%
AG $33M 1.01%
CGAU $23M 0.72%
RCI $21M 0.65%
HBM $15M 0.48%
GAU $12M 0.36%
CVE $9M 0.29%
HITI $8M 0.25%
AVAH $8M 0.25%
MEOH $7M 0.22%
FELE $7M 0.22%
AZZ $7M 0.22%
CXM $7M 0.22%
GIC $7M 0.22%
KE $7M 0.21%

Sold Out Positions

SymbolValue% Port
HRB —%
GLW —%
FDX —%
CODI —%
AXR —%
TFII —%
TRGP —%
ANET —%
TWLO —%
LFT —%
SPOT —%
HIMS —%
WSM —%
CL —%
FDP —%
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