Caldwell Investment Management Ltd.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), Caldwell Investment Management Ltd. reported 33 stock positions worth $132.9 million. Its top holding was KKR (KKR) at 15.8% of the portfolio, followed by Cboe Global Markets (CBOE, 14.1%) and Bank of America (BAC, 10.5%). Compared with Q1 2024, it opened 6 new positions, sold out of 7, added to 4 and reduced 7. The biggest buy was a new position in Agnico Eagle Mines (AEM) and the biggest sale an exit from Bank of Montreal (BMO).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001904373
- Portfolio Value
- $132.9M (Q2 2024)
- SEC Filing
- 0001904373-24-000008 ↗ filed Jul 22, 2024
Holdings Value
Holdings 33 stocks · $132.9M
| KKR KKR & Co. Inc. | 15.82% | 200,000 | $21.0M | No change |
| CBOE Cboe Global Markets Inc. | 14.06% | 110,000 | $18.7M | Reduce -5.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 10.46% | 350,000 | $13.9M | No change |
| ICE Intercontinental Exchange Inc. | 10.29% | 100,000 | $13.7M | No change |
| CLS Celestica Inc. | 5.38% | 125,000 | $7.2M | Reduce -31.4% |
| CCJ Cameco Corp. | 4.87% | 131,600 | $6.5M | Add +69.8% |
| MFC Manulife Financial Corp. | 4.30% | 214,800 | $5.7M | Add +37.1% |
| AEM Agnico Eagle Mines Ltd. | 4.09% | 83,100 | $5.4M | New |
| RBA RB Global Inc. | 3.14% | 54,800 | $4.2M | No change |
| WCN Waste Connections Inc. | 2.76% | 20,900 | $3.7M | New |
| AVGO Broadcom Inc. | 1.93% | 1,600 | $2.6M | No change |
| AMZN Amazon.com Inc. | 1.74% | 12,000 | $2.3M | Reduce -18.4% |
| COST Costco Wholesale Corp. | 1.53% | 2,400 | $2.0M | Reduce -14.3% |
| TTEK Tetra Tech Inc. | 1.43% | 9,300 | $1.9M | No change |
| STN Stantec Inc. | 1.32% | 20,900 | $1.7M | No change |
| JPM JPMorgan Chase & Co. | 1.26% | 8,300 | $1.7M | No change |
| DGX Quest Diagnostics Inc. | 1.21% | 11,800 | $1.6M | No change |
| BAH Booz Allen Hamilton Holdings | 1.19% | 10,300 | $1.6M | Reduce -26.4% |
| ATS Ats Corp. | 1.17% | 48,100 | $1.6M | Add +99.6% |
| J Jacobs Solutions Inc. | 1.15% | 11,000 | $1.5M | No change |
| FTAI Ftai Aviation Ltd. | 1.11% | 14,300 | $1.5M | No change |
| UNH Unitedhealth Group Inc. | 1.03% | 2,690 | $1.4M | No change |
| V Visa Inc. Class A | 1.01% | 5,100 | $1.3M | No change |
| VRT Vertiv Holdings Co. Class A | 0.98% | 15,000 | $1.3M | New |
| GIB Cgi Inc. | 0.97% | 12,910 | $1.3M | No change |
| MA Mastercard Inc. Class A | 0.93% | 2,800 | $1.2M | Reduce -42.1% |
| TBF Proshares Short 20+ Treasury | 0.89% | 50,000 | $1.2M | New |
| ACN Accenture PLC Class A | 0.73% | 3,200 | $969K | New |
| ESAB Esab Corp. | 0.72% | 10,200 | $962K | Add +168.4% |
| AMAT Applied Materials Inc. | 0.66% | 3,700 | $872K | No change |
| ENTG Entegris Inc. | 0.64% | 6,300 | $852K | Reduce -49.2% |
| ARES Ares Management Corp. Class A | 0.63% | 6,300 | $838K | No change |
| XYL Xylem Inc. | 0.62% | 6,100 | $826K | New |
Portfolio Sells Q1 2024 → Q2 2024
| BMO Bank of Montreal | Sold out | 0.00% | −3.81 |
| DCBO Docebo Inc. | Sold out | 0.00% | −2.98 |
| CRESCENT PT ENERGY CORP | Sold out | 0.00% | −2.71 |
| CBOE Cboe Global Markets Inc. | Reduce -5.5% | 14.06% | −1.84 |
| WMS Advanced Drainage Systems Inc. | Sold out | 0.00% | −0.87 |
| DOX Amdocs Ltd. | Sold out | 0.00% | −0.83 |
| MA Mastercard Inc. Class A | Reduce -42.1% | 0.93% | −0.80 |
| TRU Transunion | Sold out | 0.00% | −0.72 |
| CLS Celestica Inc. | Reduce -31.4% | 5.38% | −0.71 |
| ENTG Entegris Inc. | Reduce -49.2% | 0.64% | −0.65 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.54 |
| BAH Booz Allen Hamilton Holdings | Reduce -26.4% | 1.19% | −0.35 |
| AMZN Amazon.com Inc. | Reduce -18.4% | 1.74% | −0.23 |
| COST Costco Wholesale Corp. | Reduce -14.3% | 1.53% | +0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| AEM Agnico Eagle Mines Ltd. | New | 4.09% | +4.09 |
| WCN Waste Connections Inc. | New | 2.76% | +2.76 |
| CCJ Cameco Corp. | Add +69.8% | 4.87% | +2.37 |
| MFC Manulife Financial Corp. | Add +37.1% | 4.30% | +1.39 |
| VRT Vertiv Holdings Co. Class A | New | 0.98% | +0.98 |
| TBF Proshares Short 20+ Treasury | New | 0.89% | +0.89 |
| ACN Accenture PLC Class A | New | 0.73% | +0.73 |
| XYL Xylem Inc. | New | 0.62% | +0.62 |
| ATS Ats Corp. | Add +99.6% | 1.17% | +0.57 |
| ESAB Esab Corp. | Add +168.4% | 0.72% | +0.41 |
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 |