Caldwell Investment Management Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Caldwell Investment Management Ltd. reported 34 stock positions worth $134.4 million. Its top holding was Cboe Global Markets (CBOE) at 15.9% of the portfolio, followed by KKR (KKR, 15.0%) and Intercontinental Exchange (ICE, 10.2%). Compared with Q4 2023, it opened 7 new positions, sold out of 4, added to 2 and reduced 4. The biggest buy was a new position in Celestica (CLS) and the biggest sale an exit from Tricon Residential (TCN).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001904373
- Portfolio Value
- $134.4M (Q1 2024)
- SEC Filing
- 0001904373-24-000006 ↗ filed Apr 26, 2024
Holdings Value
Holdings 34 stocks · $134.4M
| CBOE Cboe Global Markets Inc. | 15.90% | 116,400 | $21.4M | No change |
| KKR KKR & Co. Inc. | 14.95% | 200,000 | $20.1M | No change |
| ICE Intercontinental Exchange Inc. | 10.22% | 100,000 | $13.7M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 9.87% | 350,000 | $13.3M | No change |
| CLS Celestica Inc. | 6.09% | 182,300 | $8.2M | New |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 3.81% | 52,400 | $5.1M | Add +1.2% |
| RBA RB Global Inc. | 3.11% | 54,800 | $4.2M | New |
| DCBO Docebo Inc. | 2.98% | 82,000 | $4.0M | New |
| MFC Manulife Financial Corp. | 2.91% | 156,700 | $3.9M | New |
| CRESCENT PT ENERGY CORP | 2.71% | 445,000 | $3.6M | No change |
| CCJ Cameco Corp. | 2.50% | 77,500 | $3.4M | Reduce -55.7% |
| AMZN Amazon.com Inc. | 1.97% | 14,700 | $2.6M | No change |
| MA Mastercard Inc. Class A | 1.73% | 4,838 | $2.3M | No change |
| AVGO Broadcom Inc. | 1.58% | 1,600 | $2.1M | Reduce -15.8% |
| BAH Booz Allen Hamilton Holdings | 1.54% | 14,000 | $2.1M | No change |
| COST Costco Wholesale Corp. | 1.52% | 2,800 | $2.0M | No change |
| ENTG Entegris Inc. | 1.30% | 12,400 | $1.7M | No change |
| STN Stantec Inc. | 1.29% | 20,900 | $1.7M | Reduce -78.7% |
| TTEK Tetra Tech Inc. | 1.28% | 9,300 | $1.7M | No change |
| J Jacobs Solutions Inc. | 1.26% | 11,000 | $1.7M | No change |
| JPM JPMorgan Chase & Co. | 1.24% | 8,300 | $1.7M | Reduce -27.6% |
| DGX Quest Diagnostics Inc. | 1.17% | 11,800 | $1.6M | No change |
| GIB Cgi Inc. | 1.06% | 12,910 | $1.4M | No change |
| V Visa Inc. Class A | 1.06% | 5,100 | $1.4M | No change |
| UNH Unitedhealth Group Inc. | 0.99% | 2,690 | $1.3M | No change |
| WMS Advanced Drainage Systems Inc. | 0.87% | 6,800 | $1.2M | No change |
| DOX Amdocs Ltd. | 0.83% | 12,400 | $1.1M | No change |
| AMAT Applied Materials Inc. | 0.77% | 3,700 | $1.0M | New |
| TRU Transunion | 0.72% | 12,100 | $964K | No change |
| FTAI Ftai Aviation Ltd. | 0.72% | 14,300 | $961K | Add +74.4% |
| ARES Ares Management Corp. Class A | 0.62% | 6,300 | $837K | New |
| ATS Ats Corp. | 0.60% | 24,100 | $811K | New |
| BABA Alibaba Group Holding-SP ADR | 0.54% | 10,000 | $723K | No change |
| ESAB Esab Corp. | 0.31% | 3,800 | $420K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| TCN Tricon Residential Inc. | Sold out | 0.00% | −5.68 |
| STN Stantec Inc. | Reduce -78.7% | 1.29% | −4.79 |
| AGI Alamos Gold Inc. Class A | Sold out | 0.00% | −4.55 |
| CCJ Cameco Corp. | Reduce -55.7% | 2.50% | −3.31 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −2.02 |
| BSY Bentley Systems Inc. Class B | Sold out | 0.00% | −1.30 |
| JPM JPMorgan Chase & Co. | Reduce -27.6% | 1.24% | −0.27 |
| AVGO Broadcom Inc. | Reduce -15.8% | 1.58% | −0.06 |
Portfolio Buys Q4 2023 → Q1 2024
| CLS Celestica Inc. | New | 6.09% | +6.09 |
| RBA RB Global Inc. | New | 3.11% | +3.11 |
| DCBO Docebo Inc. | New | 2.98% | +2.98 |
| MFC Manulife Financial Corp. | New | 2.91% | +2.91 |
| AMAT Applied Materials Inc. | New | 0.77% | +0.77 |
| ARES Ares Management Corp. Class A | New | 0.62% | +0.62 |
| ATS Ats Corp. | New | 0.60% | +0.60 |
| FTAI Ftai Aviation Ltd. | Add +74.4% | 0.72% | +0.42 |
| BMO Bank of Montreal | Add +1.2% | 3.81% | −0.14 |
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 |