Caldwell Investment Management Ltd. — 13F Holdings & Portfolio
CIK 1904373 · latest 13F-HR filed 2026-05-14
Caldwell Investment Management Ltd. manages $255.2M in 13F-reported U.S. long-equity assets across 57 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are MS (15.54%), CBOE (13.07%), MIAX (9.77%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 36 new positions, exited 8, added to 5, and trimmed 13.
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.
$255.2M
Long-equity book
57
Distinct positions
2026-03-31
Filed 2026-05-14
+36 / −8 / ↑5 / ↓13
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- CENOVUS ENERGY INC$5.9M +310.1%
- CBOE GLOBAL MKTS INC$3.3M +11.1%
- ENERFLEX LTD$2.0M +31.2%
- VISA INC$724.8K +90.1%
- CAMECO CORP$475.1K +12.7%
Top Trims
- MIAMI INTL HLDGS INC-$8.8M -26.1%
- KKR & CO INC-$7.6M -29.6%
- JPMORGAN CHASE & CO-$2.9M -71.6%
- AGNICO EAGLE MINES LTD-$1.0M -12.4%
- INTERACTIVE BROKERS GROUP IN-$874.0K -49.6%
New Positions
- MORGAN STANLEY$39.6M
- BANK AMERICA CORP$16.6M
- CITIGROUP INC$8.1M
- SPROTT INC$7.7M
- KINROSS GOLD CORP$4.9M
Exited Positions
- MANULIFE FINL CORP$3.8M
- ALIBABA GRP HLDG LTD$2.9M
- TFI INTERNATIONAL INC$1.5M
- BROADCOM INC$1.4M
- INTERDIGITAL INC$1.3M
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 | MORGAN STANLEY | MS | 617446448 | $39.6M | 15.54% | 250,000 | SH |
| 2 | CBOE GLOBAL MKTS INC | CBOE | 12503M108 | $33.4M | 13.07% | 118,000 | SH |
| 3 | MIAMI INTL HLDGS INC | MIAX | 59356Q108 | $24.9M | 9.77% | 663,810 | SH |
| 4 | KKR & CO INC | KKR | 48251W104 | $18.1M | 7.09% | 200,000 | SH |
| 5 | BANK AMERICA CORP | BAC | 060505104 | $16.6M | 6.49% | 350,000 | SH |
| 6 | INTERCONTINENTAL EXCH IN | ICE | 45866F104 | $15.7M | 6.16% | 100,000 | SH |
| 7 | ENERFLEX LTD | EFXT | 29269R105 | $8.4M | 3.31% | 411,000 | SH |
| 8 | CITIGROUP INC | C | 172967424 | $8.1M | 3.16% | 75,000 | SH |
| 9 | CENOVUS ENERGY INC | CVE | 15135U109 | $7.7M | 3.03% | 290,800 | SH |
| 10 | SPROTT INC | SII | 852066208 | $7.7M | 3.02% | 57,300 | SH |
| 11 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $7.1M | 2.78% | 37,000 | SH |
| 12 | KINROSS GOLD CORP | KGC | 496902404 | $4.9M | 1.91% | 170,300 | SH |
| 13 | CAMECO CORP | CCJ | 13321L108 | $4.2M | 1.65% | 41,000 | SH |
| 14 | ELECTROVAYA INC | ELVA | 28617B606 | $2.9M | 1.13% | 398,000 | SH |
| 15 | L3HARRIS TECHNOLOGIES INC | LHX | 502431109 | $2.6M | 1.01% | 7,600 | SH |
| 16 | ROYAL BK CDA | RY | 780087102 | $2.5M | 0.97% | 15,600 | SH |
| 17 | CELESTICA INC | CLS | 15101Q207 | $2.3M | 0.90% | 8,900 | SH |
| 18 | OVINTIV INC | OVV | 69047Q102 | $2.1M | 0.83% | 34,900 | SH |
| 19 | PFIZER INC | PFE | 717081103 | $2.1M | 0.82% | 75,000 | SH |
| 20 | COMFORT SYS USA INC | FIX | 199908104 | $2.0M | 0.80% | 1,600 | SH |
| 21 | MCKESSON CORP | MCK | 58155Q103 | $1.9M | 0.74% | 2,200 | SH |
| 22 | AMAZON COM INC | AMZN | 023135106 | $1.9M | 0.73% | 9,300 | SH |
| 23 | MOTOROLA SOLUTIONS INC | MSI | 620076307 | $1.8M | 0.70% | 4,200 | SH |
| 24 | TJX COS INC NEW | TJX | 872540109 | $1.7M | 0.68% | 11,100 | SH |
| 25 | CAE INC | CAE | 124765108 | $1.7M | 0.66% | 66,100 | SH |
| 26 | KLA CORP | KLAC | 482480100 | $1.7M | 0.65% | 1,200 | SH |
| 27 | ATS CORPORATION | ATS | 00217Y104 | $1.6M | 0.65% | 60,800 | SH |
| 28 | MICROSOFT CORP | MSFT | 594918104 | $1.6M | 0.63% | 4,500 | SH |
| 29 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $1.6M | 0.62% | 3,300 | SH |
| 30 | VISA INC | V | 92826C839 | $1.5M | 0.60% | 5,100 | SH |
| 31 | CURTISS WRIGHT CORP | CW | 231561101 | $1.5M | 0.60% | 2,400 | SH |
| 32 | STANTEC INC | STN | 85472N109 | $1.5M | 0.59% | 17,800 | SH |
| 33 | HOWMET AEROSPACE INC | HWM | 443201108 | $1.4M | 0.56% | 6,400 | SH |
| 34 | JACOBS SOLUTIONS INC | J | 46982L108 | $1.4M | 0.54% | 11,000 | SH |
| 35 | QUANTA SVCS INC | — | 07476E102 | $1.2M | 0.46% | 2,200 | SH |
| 36 | ROLLINS INC | ROL | 775711104 | $1.2M | 0.46% | 22,000 | SH |
| 37 | JPMORGAN CHASE & CO | JPM | 46625H100 | $1.2M | 0.46% | 4,100 | SH |
| 38 | CANADIAN NATL RY CO | CNI | 136375102 | $1.1M | 0.43% | 10,800 | SH |
| 39 | ARCHROCK INC | AROC | 03957W106 | $1.1M | 0.43% | 31,500 | SH |
| 40 | LAM RESEARCH CORP | LRCX | 512807306 | $1.1M | 0.42% | 5,400 | SH |
| 41 | WOODWARD INC | WWD | 980745103 | $1.0M | 0.40% | 3,000 | SH |
| 42 | WILLIAMS COS INC | WMB | 969457100 | $1.0M | 0.40% | 14,000 | SH |
| 43 | CGI INC | GIB | 12532H104 | $937.3K | 0.37% | 12,910 | SH |
| 44 | INTERACTIVE BROKERS GROUP IN | IBKR | 45841N107 | $886.4K | 0.35% | 13,900 | SH |
| 45 | RESMED INC | RMD | 761152107 | $881.2K | 0.35% | 4,000 | SH |
| 46 | VERTIV HOLDINGS CO | VRT | 92537N108 | $844.2K | 0.33% | 3,600 | SH |
| 47 | WASTE CONNECTIONS INC | WCN | 94106B101 | $826.5K | 0.32% | 5,100 | SH |
| 48 | AMPHENOL CORP | APH | 032095101 | $811.2K | 0.32% | 6,800 | SH |
| 49 | CACI INTL INC | CACI | 127190304 | $782.8K | 0.31% | 1,400 | SH |
| 50 | SERVICENOW INC | NOW | 81762P102 | $735.7K | 0.29% | 7,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $255.2M | 57 | 0001904373-26-000002 |
| 2025-12-31 | 2026-02-11 | $162.6M | 29 | 0001904373-26-000001 |
| 2025-09-30 | 2025-10-27 | $152.4M | 26 | 0001904373-25-000009 |