Hillsdale Investment Management Inc. — 13F Holdings & Portfolio
CIK 1368465 · latest 13F-HR filed 2026-05-04
Hillsdale Investment Management Inc. manages $3.68B in 13F-reported U.S. long-equity assets across 655 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are RY (4.68%), CM (3.20%), TD (3.05%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 129 new positions, exited 127, added to 251, and trimmed 192.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$3.68B
Long-equity book
655
Distinct positions
2026-03-31
Filed 2026-05-04
+129 / −127 / ↑251 / ↓192
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Manulife Financial Corp$38.4M +147.9%
- Precision Drilling Corp$27.0M +128.6%
- Celestica Inc$22.9M +158.7%
- Canadian Natural Resources Ltd$21.3M +128.3%
- FORTIS INC$19.9M +48.9%
Top Trims
- SHOPIFY INC-$31.3M -40.4%
- Ero Copper Corp.-$29.3M -61.3%
- Pembina Pipeline Corp-$20.0M -57.1%
- Aris Mining Corp-$13.4M -41.1%
- Brookfield Asset Management Ltd-$10.1M -74.9%
New Positions
- Sandisk Corp$9.1M
- Axsome Therapeutics Inc$9.0M
- PBF Energy Inc$8.5M
- Rush Street Interactive Inc$7.9M
- Constellium SE$7.8M
Exited Positions
- New Gold Inc$29.5M
- Gildan Activewear Inc$13.1M
- Arrowhead Pharmaceuticals Inc$12.9M
- Rigel Pharmaceuticals Inc$12.1M
- REV Group Inc$9.6M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Royal Bank of Canada | RY | 780087102 | $172.2M | 4.68% | 1,065,340 | SH |
| 2 | Canadian Imperial Bank of Commerce | CM | 136069101 | $117.7M | 3.20% | 1,241,867 | SH |
| 3 | Toronto-Dominion Bank (The) | TD | 891160509 | $112.2M | 3.05% | 1,201,500 | SH |
| 4 | The Bank of Nova Scotia | BNS | 064149107 | $89.7M | 2.44% | 1,293,232 | SH |
| 5 | Enerflex Ltd | EFXT | 29269R105 | $80.1M | 2.18% | 3,831,659 | SH |
| 6 | Agnico Eagle Mines Ltd | AEM | 008474108 | $77.8M | 2.12% | 383,209 | SH |
| 7 | Bank of Montreal | BMO | 063671101 | $73.6M | 2.00% | 543,809 | SH |
| 8 | Manulife Financial Corp | MFC | 56501R106 | $64.3M | 1.75% | 1,866,622 | SH |
| 9 | FORTIS INC | FTS | 349553107 | $60.7M | 1.65% | 1,088,628 | SH |
| 10 | Centerra Gold Inc | CGAU | 152006102 | $57.4M | 1.56% | 3,227,935 | SH |
| 11 | Barrick Mining Corporation | B | 06849F108 | $54.2M | 1.48% | 1,327,142 | SH |
| 12 | Precision Drilling Corp | PDS | 74022D407 | $48.0M | 1.30% | 487,434 | SH |
| 13 | Enbridge Inc | ENB | 29250N105 | $47.9M | 1.30% | 884,313 | SH |
| 14 | NVIDIA Corporation | NVDA | 67066G104 | $47.5M | 1.29% | 272,626 | SH |
| 15 | Suncor Energy Inc. | SU | 867224107 | $46.7M | 1.27% | 706,845 | SH |
| 16 | Magna International Inc | MGA | 559222401 | $46.5M | 1.26% | 832,575 | SH |
| 17 | SHOPIFY INC | SHOP | 82509L107 | $46.1M | 1.25% | 388,301 | SH |
| 18 | Kinross Gold Corp | KGC | 496902404 | $45.9M | 1.25% | 1,501,773 | SH |
| 19 | APPLE INC | AAPL | 037833100 | $41.3M | 1.12% | 162,694 | SH |
| 20 | BCE Inc. | BCE | 05534B760 | $40.9M | 1.11% | 1,620,047 | SH |
| 21 | Rogers Communications Inc | RCI | 775109200 | $38.1M | 1.04% | 991,365 | SH |
| 22 | Wheaton Precious Metals Corp | WPM | 962879102 | $38.1M | 1.04% | 290,075 | SH |
| 23 | Canadian Natural Resources Ltd | CNQ | 136385101 | $37.8M | 1.03% | 775,589 | SH |
| 24 | Alphabet Inc | GOOGL | 02079K305 | $37.6M | 1.02% | 130,862 | SH |
| 25 | IAMGold Corp | IAG | 450913108 | $37.5M | 1.02% | 1,993,050 | SH |
| 26 | Celestica Inc | CLS | 15101Q207 | $37.4M | 1.02% | 132,579 | SH |
| 27 | First Majestic Silver Corp | AG | 32076V103 | $36.1M | 0.98% | 1,683,825 | SH |
| 28 | Emera Inc | EMA | 290876101 | $33.2M | 0.90% | 640,280 | SH |
| 29 | Cenovus Energy Inc | CVE | 15135U109 | $33.0M | 0.90% | 1,243,918 | SH |
| 30 | MICROSOFT CORP | MSFT | 594918104 | $31.0M | 0.84% | 83,612 | SH |
| 31 | iShares MSCI India Small-Cap ETF | SMIN | 46429B614 | $30.8M | 0.84% | 514,118 | SH |
| 32 | Restaurant Brands International Inc | QSR | 76131D103 | $29.1M | 0.79% | 393,580 | SH |
| 33 | Pan American Silver Corp | PAAS | 697900108 | $22.7M | 0.62% | 415,270 | SH |
| 34 | Amazon.com Inc | AMZN | 023135106 | $21.0M | 0.57% | 100,609 | SH |
| 35 | Aris Mining Corp | ARIS | 04040Y109 | $19.3M | 0.53% | 1,039,776 | SH |
| 36 | SSR Mining Inc | SSRM | 784730103 | $18.8M | 0.51% | 639,352 | SH |
| 37 | Ero Copper Corp. | ERO | 296006109 | $18.5M | 0.50% | 694,080 | SH |
| 38 | Brookfield Corp | BN | 11271J107 | $17.5M | 0.48% | 431,808 | SH |
| 39 | Meta Platforms Inc | META | 30303M102 | $16.3M | 0.44% | 28,435 | SH |
| 40 | Cameco Corp | CCJ | 13321L108 | $15.8M | 0.43% | 145,643 | SH |
| 41 | Pembina Pipeline Corp | PBA | 706327103 | $15.0M | 0.41% | 335,664 | SH |
| 42 | Nutrien Ltd | NTR | 67077M108 | $13.3M | 0.36% | 176,725 | SH |
| 43 | Broadcom Inc | AVGO | 11135F101 | $13.1M | 0.36% | 42,304 | SH |
| 44 | Fortuna Mining Corp | FSM | 349942102 | $13.0M | 0.35% | 1,304,555 | SH |
| 45 | Par Pacific Holdings Inc | PARR | 69888T207 | $12.5M | 0.34% | 199,016 | SH |
| 46 | BridgeBio Pharma Inc | BBIO | 10806X102 | $12.5M | 0.34% | 167,742 | SH |
| 47 | Hudbay Minerals Inc | HBM | 443628102 | $12.4M | 0.34% | 590,200 | SH |
| 48 | RB Global Inc | RBA | 74935Q107 | $12.3M | 0.33% | 128,100 | SH |
| 49 | Guardant Health Inc | GH | 40131M109 | $11.5M | 0.31% | 124,384 | SH |
| 50 | EnerSys | ENS | 29275Y102 | $11.3M | 0.31% | 64,921 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-04 | $3.68B | 655 | 0001193125-26-204083 |
| 2025-12-31 | 2026-02-10 | $3.62B | 653 | 0001193125-26-043773 |