Caldwell Investment Management Ltd.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), Caldwell Investment Management Ltd. reported 33 stock positions worth $152.3 million. Its top holding was Cboe Global Markets (CBOE) at 17.5% of the portfolio, followed by Miami International (MIAX, 14.6%) and Bank of America (BAC, 13.8%). Compared with Q1 2026, it opened 11 new positions, sold out of 35, added to 2 and reduced 6. The biggest buy was Bank of America (BAC, shares +6%) and the biggest sale an exit from Morgan Stanley (MS).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001904373
- Portfolio Value
- $152.3M (Q2 2026)
- SEC Filing
- 0001904373-26-000003 ↗ filed Aug 11, 2026
Holdings Value
Holdings 33 stocks · $152.3M
| CBOE Cboe Global Markets Inc. | 17.52% | 110,000 | $26.7M | Reduce -6.8% |
| MIAX Miami International Holdings | 14.63% | 600,000 | $22.3M | Reduce -9.6% |
| BAC Bank of America Corp. | 13.85% | 370,400 | $21.1M | Add +5.8% |
| KKR KKR & Co. Inc. | 12.05% | 200,000 | $18.3M | No change |
| ICE Intercontinental Exchange Inc. | 8.08% | 100,000 | $12.3M | No change |
| EFXT Enerflex Ltd. | 6.62% | 411,000 | $10.1M | No change |
| MFC Manulife Financial Corp. | 6.49% | 244,000 | $9.9M | New |
| ELVA Electrovaya Inc. | 2.74% | 398,000 | $4.2M | No change |
| AMZN Amazon.com Inc. | 1.45% | 9,300 | $2.2M | No change |
| CVE Cenovus Energy Inc. | 1.22% | 74,800 | $1.9M | Reduce -74.3% |
| ATS Ats Corp. | 1.15% | 60,800 | $1.7M | No change |
| V Visa Inc. Class A | 1.15% | 5,100 | $1.7M | No change |
| AMAT Applied Materials Inc. | 1.04% | 2,200 | $1.6M | New |
| VRT Vertiv Holdings Co. Class A | 0.97% | 4,400 | $1.5M | Add +22.2% |
| JPM JPMorgan Chase & Co. | 0.88% | 4,100 | $1.3M | No change |
| AAMI Acadian Asset Management Inc. | 0.82% | 17,500 | $1.3M | New |
| IBKR Interactive Brokers Gro Class A | 0.79% | 13,900 | $1.2M | No change |
| BEPC Brookfield Renewable Corp. | 0.76% | 31,200 | $1.2M | New |
| RBA RB Global Inc. | 0.76% | 9,900 | $1.2M | New |
| KRE SS SPDR S&P Regional Bank | 0.70% | 14,300 | $1.1M | New |
| RHP Ryman Hospitality Properties | 0.60% | 7,100 | $912K | New |
| LIN Linde PLC | 0.58% | 1,700 | $882K | New |
| NVDA Nvidia Corp. | 0.58% | 4,400 | $880K | No change |
| AIT Applied Industrial Tech Inc. | 0.58% | 2,600 | $879K | New |
| J Jacobs Solutions Inc. | 0.57% | 6,900 | $869K | Reduce -37.3% |
| WCN Waste Connections Inc. | 0.56% | 5,100 | $849K | No change |
| GIB Cgi Inc. | 0.55% | 12,910 | $833K | No change |
| DRS Leonardo DRS Inc. | 0.53% | 19,000 | $810K | New |
| NOW ServiceNow Inc. | 0.46% | 7,000 | $694K | No change |
| STN Stantec Inc. | 0.42% | 9,400 | $647K | Reduce -47.2% |
| EQX Equinox Gold Corp. | 0.36% | 56,000 | $545K | New |
| AEM Agnico Eagle Mines Ltd. | 0.31% | 3,000 | $465K | Reduce -91.9% |
| ACN Accenture PLC Class A | 0.26% | 3,200 | $398K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| MS Morgan Stanley | Sold out | 0.00% | −15.54 |
| C Citigroup Inc. | Sold out | 0.00% | −3.16 |
| SII Sprott Inc. | Sold out | 0.00% | −3.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -91.9% | 0.31% | −2.48 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −1.91 |
| CVE Cenovus Energy Inc. | Reduce -74.3% | 1.22% | −1.82 |
| CCJ Cameco Corp. | Sold out | 0.00% | −1.65 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −1.01 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.97 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.90 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.83 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.82 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.80 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.74 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.70 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.68 |
| CAE Cae Inc. | Sold out | 0.00% | −0.66 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.65 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.63 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.62 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.60 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.56 |
| QUANTA SVCS INC | Sold out | 0.00% | −0.46 |
| ROL Rollins Inc. | Sold out | 0.00% | −0.46 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.43 |
| AROC Archrock Inc. | Sold out | 0.00% | −0.43 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.42 |
| WWD Woodward Inc. | Sold out | 0.00% | −0.40 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.40 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.35 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.32 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.31 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.27 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.25 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.22 |
| STN Stantec Inc. | Reduce -47.2% | 0.42% | −0.17 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.16 |
| AMTM Amentum Holdings Inc. | Sold out | 0.00% | −0.12 |
| J Jacobs Solutions Inc. | Reduce -37.3% | 0.57% | +0.03 |
| CBOE Cboe Global Markets Inc. | Reduce -6.8% | 17.52% | +4.45 |
| MIAX Miami International Holdings | Reduce -9.6% | 14.63% | +4.86 |
Portfolio Buys Q1 2026 → Q2 2026
| BAC Bank of America Corp. | Add +5.8% | 13.85% | +7.36 |
| MFC Manulife Financial Corp. | New | 6.49% | +6.49 |
| AMAT Applied Materials Inc. | New | 1.04% | +1.04 |
| AAMI Acadian Asset Management Inc. | New | 0.82% | +0.82 |
| BEPC Brookfield Renewable Corp. | New | 0.76% | +0.76 |
| RBA RB Global Inc. | New | 0.76% | +0.76 |
| KRE SS SPDR S&P Regional Bank | New | 0.70% | +0.70 |
| VRT Vertiv Holdings Co. Class A | Add +22.2% | 0.97% | +0.64 |
| RHP Ryman Hospitality Properties | New | 0.60% | +0.60 |
| LIN Linde PLC | New | 0.58% | +0.58 |
| AIT Applied Industrial Tech Inc. | New | 0.58% | +0.58 |
| DRS Leonardo DRS Inc. | New | 0.53% | +0.53 |
| EQX Equinox Gold Corp. | New | 0.36% | +0.36 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 33 | $152.3M | CBOE, MIAX, BAC, KKR, ICE |
| Q1 2026 | 57 | $255.2M | MS, CBOE, MIAX, KKR, BAC |
| Q4 2025 | 29 | $162.6M | MIAX, CBOE, KKR, ICE, AEM |
| Q3 2025 | 26 | $152.4M | CBOE, MIAX, BANK OF AMERICA INC, ICE, AEM |
| Q2 2025 | 20 | $115.4M | CBOE, KKR, ICE, AEM, STN |
| Q1 2025 | 31 | $134.8M | CBOE, KKR, ICE, BAC, AEM |
| Q4 2024 | 34 | $148.3M | KKR, CBOE, BAC, ICE, AEM |
| Q3 2024 | 32 | $142.6M | KKR, CBOE, ICE, BAC, CLS |
| Q2 2024 | 33 | $132.9M | KKR, CBOE, BAC, ICE, CLS |
| Q1 2024 | 34 | $134.4M | CBOE, KKR, ICE, BAC, CLS |