— Know what they know.
Not Investment Advice
Hedge Fund ← All Institutions

Hillsdale Investment Management Inc.

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

Q4 2025 · Filed 2026-02-10
Market Value
$3.6B
+9.9%
Holdings
752
+23
New Purchases
136
Added To
185
Closed
119
Reduced
209
Top 10 Concentration
24.2%
Turnover
33.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ERO 1.34% 0.15% +1.19% $48M
RY 4.64% 3.90% +0.75% $165M
CGAU 1.43% 0.72% +0.71% $51M
SU 1.03% 0.34% +0.70% $37M
QSR 0.72% 0.08% +0.65% $26M
PDS 0.59% 0.00% +0.59% $21M
PBA 0.99% 0.40% +0.59% $35M
ENRFF 2.04% 1.57% +0.47% $72M
TD 3.10% 2.69% +0.41% $110M
MFC 0.73% 0.35% +0.38% $26M
RCI 1.01% 0.65% +0.37% $36M
ARWR 0.36% 0.00% +0.36% $13M
B 1.43% 1.10% +0.33% $51M
CVE 0.55% 0.29% +0.25% $19M
PHIN 0.24% 0.00% +0.24% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SSRM 0.57% 1.31% -0.75% $20M
CCJ 0.17% 0.63% -0.45% $6M
BN 0.63% 1.06% -0.43% $23M
STN 0.00% 0.43% -0.43% $4K
ENB 1.58% 2.01% -0.42% $56M
NGD 0.83% 1.23% -0.40% $29M
FSM 0.38% 0.77% -0.39% $13M
BMO 1.75% 2.12% -0.37% $62M
GAU 0.00% 0.36% -0.36% $0
ARIS 0.92% 1.23% -0.31% $33M
FSV 0.00% 0.31% -0.31% $0
SHOP 2.18% 2.47% -0.29% $77M
ADEA 0.00% 0.25% -0.25% $0
ODP 0.00% 0.25% -0.25% $0
WWW 0.00% 0.25% -0.25% $0

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 56 $518M 14.6%
Large Cap 209 $1.4B 39.9%
Mid Cap 244 $921M 25.9%
Small Cap 186 $578M 16.3%
Micro Cap 57 $119M 3.4%

Portfolio Analytics

Avg Market Cap
$83.1B
Median Market Cap
$4.9B
Avg P/E
30.4
Median P/E
19.9
Avg Dividend Yield
0.01%
Avg Beta
1.04
# Stocks
724
# ETFs / Funds
28

Top Holdings (752 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 4.64% 965,757 $165M $170.78 $39M +111,220 +13.0%
2 CM 3.14% 1,226,951 $111M $90.82 $17M +42,080 +3.5%
3 TD 3.10% 1,166,579 $110M $94.42 $23M +78,884 +7.2%
4 BNS 2.40% 1,153,861 $85M $73.88 $14M +59,120 +5.4%
5 SHOP 2.18% 479,434 $77M $161.30 -$2M -57,379 -10.7%
6 ENRFF 2.04% 4,686,254 $72M $15.44 $22M -15,210 -0.3%
7 AEM 1.98% 414,943 $70M $169.88 $2M +6,722 +1.6%
8 BMO 1.75% 478,120 $62M $130.10 -$6M -46,902 -8.9%
9 ENB 1.58% 1,173,067 $56M $47.94 -$9M -112,818 -8.8%
10 B 1.43% 1,165,501 $51M $43.64 $15M +78,750 +7.2%
11 CGAU 1.43% 3,513,875 $51M $14.42 $28M +1,356,660 +62.9%
12 ERO 1.34% 1,685,445 $48M $28.34 $43M +1,445,645 +602.9%
13 NVDA 1.29% 245,106 $46M $186.50 $2M +8,665 +3.7%
14 WPM 1.26% 380,264 $45M $117.77 $3M +5,505 +1.5%
15 FTS 1.15% 783,178 $41M $52.08 -$447K -30,038 -3.7%
16 AAPL 1.13% 147,332 $40M $271.86 $4M +7,308 +5.2%
17 BCE 1.12% 1,659,910 $40M $23.90 $116K -33,017 -1.9%
18 MGA 1.09% 725,425 $39M $53.40 $5M +16,255 +2.3%
19 KGC 1.07% 1,349,802 $38M $28.22 -$4M -354,410 -20.8%
20 GOOGL 1.04% 118,182 $37M $313.00 $8M -2,592 -2.1%
21 SU 1.03% 826,617 $37M $44.46 $26M +566,195 +217.4%
22 MSFT 1.02% 75,162 $36M $483.62 -$2M +790 +1.1%
23 RCI 1.01% 951,727 $36M $37.81 $15M +345,010 +56.9%
24 PBA 0.99% 917,125 $35M $38.16 $22M +597,971 +187.4%
25 SMIN 0.98% 497,118 $35M $69.91 -$900K
26 ARIS 0.92% 2,015,741 $33M $16.25 -$7M -2,047,837 -50.4%
27 EMRAF 0.92% 661,160 $33M $49.37 -$2M -55,643 -7.8%
28 NGD 0.83% 3,378,411 $29M $8.73 -$10M -2,156,817 -39.0%
29 AG 0.77% 1,639,690 $27M $16.71 -$5M -1,031,615 -38.6%
30 MFC 0.73% 712,830 $26M $36.38 $15M +349,839 +96.4%
31 QSR 0.72% 376,147 $26M $68.36 $23M +336,615 +851.5%
32 AMZN 0.65% 100,429 $23M $230.82 $63K -4,858 -4.6%
33 PAAS 0.65% 441,590 $23M $51.94 -$2M -204,810 -31.7%
34 BN 0.63% 490,364 $23M $46.00 -$12M -11,010 -2.2%
35 PDS 0.59% 291,836 $21M $71.88 +291,836 NEW
36 SSRM 0.57% 917,012 $20M $21.96 -$22M -822,463 -47.3%
37 CVE 0.55% 1,145,115 $19M $16.95 $10M +586,515 +105.0%
38 IAG 0.50% 1,068,910 $18M $16.53 $7M +206,755 +24.0%
39 META 0.49% 26,245 $17M $660.09 -$3M -1,373 -5.0%
40 CNQ 0.47% 488,289 $17M $33.93 $3M +51,555 +11.8%
41 CLS 0.41% 48,780 $14M $296.33 -$773K -13,120 -21.2%
42 FSM 0.38% 1,361,635 $13M $9.82 -$11M -1,404,805 -50.8%
43 NTR 0.37% 212,320 $13M $61.83 $5M +80,365 +60.9%
44 GIL 0.37% 209,150 $13M $62.62 $758K -4,470 -2.1%
45 ARWR 0.36% 193,850 $13M $66.39 +193,850 NEW
46 AVGO 0.36% 36,774 $13M $346.10 $2M +2,980 +8.8%
47 BBIO 0.35% 164,540 $13M $76.49 $4M -720 -0.4%
48 HBM 0.35% 628,600 $13M $19.89 -$3M -394,500 -38.6%
49 GH 0.35% 122,380 $12M $102.14 $3M -33,520 -21.5%
50 RIGL 0.34% 282,584 $12M $42.83 $4M -1,810 -0.6%
51 LAUR 0.31% 324,821 $11M $33.67 $616K -2,400 -0.7%
52 SANM 0.30% 72,010 $11M $150.07 $2M -270 -0.4%
53 TDC 0.29% 337,500 $10M $30.44 $3M -300 -0.1%
54 GTX 0.28% 575,950 $10M $17.43 $2M +4,500 +0.8%
55 ADPT 0.28% 616,950 $10M $16.24 $717K -4,840 -0.8%
56 UPWK 0.28% 502,500 $10M $19.82 $576K -2,800 -0.6%
57 IBEX 0.28% 256,900 $10M $38.18 -$706K -2,600 -1.0%
58 REVG 0.27% 158,600 $10M $60.81 $781K +2,200 +1.4%
59 MD 0.27% 450,410 $10M $21.39 $2M -1,790 -0.4%
60 DOCN 0.27% 198,900 $10M $48.12 $3M -700 -0.3%
61 COLL 0.27% 206,600 $10M $46.30 $2M +3,600 +1.8%
62 BFH 0.27% 128,700 $10M $74.03 $3M +11,300 +9.6%
63 ENVA 0.26% 59,860 $9M $157.20 $3M +1,080 +1.8%
64 JPM 0.26% 28,735 $9M $322.22 $556K +1,143 +4.1%
65 ENS 0.26% 62,720 $9M $146.75 $2M -150 -0.2%
66 V 0.26% 26,195 $9M $350.71 -$2M -6,055 -18.8%
67 AMRX 0.25% 714,529 $9M $12.60 $2M -1,500 -0.2%
68 FTDR 0.25% 154,540 $9M $57.69 -$790K +10,300 +7.1%
69 OPLN 0.24% 292,000 $9M $29.78 $96K -6,800 -2.3%
70 PHIN 0.24% 137,800 $9M $62.69 +137,800 NEW
71 ANF 0.24% 68,500 $9M $125.87 $6M +38,800 +130.6%
72 TILE 0.24% 308,213 $9M $27.92 -$364K -1,700 -0.6%
73 DXC 0.24% 587,300 $9M $14.65 $769K +12,500 +2.2%
74 PRLB 0.24% 168,284 $9M $50.59 $29K -1,300 -0.8%
75 RNG 0.24% 293,250 $8M $28.88 $600K +15,600 +5.6%
76 HCSG 0.24% 442,610 $8M $19.12 $1M -700 -0.2%
77 HURN 0.24% 48,850 $8M $172.91 $1M -550 -1.1%
78 DY 0.24% 24,830 $8M $337.90 $8M +24,800 +82666.7%
79 DGII 0.24% 193,155 $8M $43.29 $2M +11,900 +6.6%
80 RMBS 0.23% 88,990 $8M $91.89 -$4M -23,710 -21.0%
81 LCII 0.23% 66,820 $8M $121.34 +66,820 NEW
82 TSLA 0.23% 17,961 $8M $449.72 $2M +3,470 +23.9%
83 CARG 0.23% 208,800 $8M $38.35 $424K +5,100 +2.5%
84 PRIM 0.22% 64,370 $8M $124.14 -$3M -14,410 -18.3%
85 PCRX 0.22% 308,200 $8M $25.88 +308,200 NEW
86 ACIW 0.22% 166,400 $8M $47.81 $1M +35,700 +27.3%
87 CSGS 0.22% 103,700 $8M $76.69 $208K -16,600 -13.8%
88 JXN 0.22% 74,480 $8M $106.65 $381K -220 -0.3%
89 SONO 0.22% 450,170 $8M $17.56 $3M +168,770 +60.0%
90 CNI 0.22% 79,697 $8M $99.08 $5M +48,725 +157.3%
91 HLLY 0.22% 1,910,561 $8M $4.13 $8M +1,908,061 +76322.4%
92 SGHC 0.22% 650,030 $8M $11.95 -$663K +11,300 +1.8%
93 ALNT 0.22% 143,890 $8M $53.75 $1M -4,850 -3.3%
94 BLKB 0.22% 121,900 $8M $63.32 +121,900 NEW
95 TPC 0.22% 114,550 $8M $67.02 $3M +47,100 +69.8%
96 MA 0.21% 13,326 $8M $570.88 -$1M -2,450 -15.5%
97 NTCT 0.21% 280,795 $8M $27.06 $322K -900 -0.3%
98 EHAB 0.21% 820,670 $8M $9.22 +820,670 NEW
99 HNI 0.21% 179,600 $8M $42.04 $148K +21,600 +13.7%
100 ZI 0.21% 741,815 $8M $10.17 $752K +119,200 +19.1%

New Positions

SymbolValue% Port
PDS $21M 0.59%
ARWR $13M 0.36%
PHIN $9M 0.24%
LCII $8M 0.23%
PCRX $8M 0.22%
BLKB $8M 0.22%
EHAB $8M 0.21%
ECPG $7M 0.21%
ZUMZ $7M 0.21%
HAFC $7M 0.20%
MCRI $7M 0.20%
RUN $7M 0.20%
MDXG $7M 0.20%
PARR $7M 0.20%
GLXY $7M 0.20%

Sold Out Positions

SymbolValue% Port
ESTC —%
CPS —%
WWW —%
TSQ —%
CHWY —%
AROC —%
AVNT —%
ADNT —%
DAR —%
LEVI —%
GM —%
IBM —%
SHW —%
OBK —%
DE —%
View SEC EDGAR Filings for Hillsdale Investment Management Inc. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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