Caldwell Investment Management Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Caldwell Investment Management Ltd. reported 32 stock positions worth $142.6 million. Its top holding was KKR (KKR) at 19.1% of the portfolio, followed by Cboe Global Markets (CBOE, 15.6%) and Intercontinental Exchange (ICE, 11.1%). Compared with Q2 2024, it opened 5 new positions, sold out of 7, added to 2 and reduced 5. The biggest buy was a new position in Primo Water (PRMW) and the biggest sale an exit from Cameco (CCJ).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001904373
Portfolio Value
$142.6M (Q3 2024)
SEC Filing
0001904373-24-000010 ↗ filed Nov 7, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $134.4M Q1 2024 Q2 2024: $132.9M Q2 2024 Q3 2024: $142.6M $142.6M Q3 2024 Q4 2024: $148.3M Q4 2024 Q1 2025: $134.8M Q1 2025 Q2 2025: $115.4M Q2 2025 Q3 2025: $152.4M Q3 2025 Q4 2025: $162.6M Q4 2025 Q1 2026: $255.2M Q1 2026 Q2 2026: $152.3M Q2 2026

Holdings 32 stocks · $142.6M
KKR KKR & Co. Inc. 19.12% 206,500 $27.3M Add +3.3%
CBOE Cboe Global Markets Inc. 15.62% 110,000 $22.3M No change
ICE Intercontinental Exchange Inc. 11.12% 100,000 $15.9M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 9.66% 350,000 $13.8M No change
CLS Celestica Inc. 4.69% 130,800 $6.7M Add +4.6%
AEM Agnico Eagle Mines Ltd. 4.49% 78,300 $6.4M Reduce -5.8%
PRMW Primo Water Corp. 4.33% 247,000 $6.2M New
MFC Manulife Financial Corp. 3.75% 181,000 $5.3M Reduce -15.7%
RBA RB Global Inc. 3.08% 54,800 $4.4M No change
WCN Waste Connections Inc. 2.60% 20,900 $3.7M No change
AMZN Amazon.com Inc. 1.58% 12,000 $2.3M No change
TTEK Tetra Tech Inc. 1.51% 46,500 $2.2M No change
COST Costco Wholesale Corp. 1.49% 2,400 $2.1M No change
FTAI Ftai Aviation Ltd. 1.30% 14,300 $1.9M No change
JPM JPMorgan Chase & Co. 1.22% 8,300 $1.7M No change
J Jacobs Solutions Inc. 1.20% 11,000 $1.7M No change
STN Stantec Inc. 1.18% 20,900 $1.7M No change
BAH Booz Allen Hamilton Holdings 1.17% 10,300 $1.7M No change
UNH Unitedhealth Group Inc. 1.10% 2,690 $1.6M No change
ANSS Ansys Inc. 1.09% 4,800 $1.6M New
GIB Cgi Inc. 1.03% 12,910 $1.5M No change
ATS Ats Corp. 1.00% 48,100 $1.4M No change
V Visa Inc. Class A 0.98% 5,100 $1.4M No change
MA Mastercard Inc. Class A 0.97% 2,800 $1.4M No change
CARR Carrier Global Corp. 0.85% 15,100 $1.2M New
ACN Accenture PLC Class A 0.78% 3,200 $1.1M No change
ORCL Oracle Corp. 0.70% 5,900 $995K New
VRT Vertiv Holdings Co. Class A 0.69% 10,000 $984K Reduce -33.3%
AVGO Broadcom Inc. 0.52% 4,300 $742K Reduce -73.1%
ARES Ares Management Corp. Class A 0.48% 4,400 $690K Reduce -30.2%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.48% 5,900 $688K New
AMTM Amentum Holdings Inc. 0.20% 11,000 $282K No change

Portfolio Sells Q2 2024 → Q3 2024
CCJ Cameco Corp. Sold out 0.00% −4.87
AVGO Broadcom Inc. Reduce -73.1% 0.52% −1.41
DGX Quest Diagnostics Inc. Sold out 0.00% −1.21
TBF Proshares Short 20+ Treasury Sold out 0.00% −0.89
ESAB Esab Corp. Sold out 0.00% −0.72
AMAT Applied Materials Inc. Sold out 0.00% −0.66
ENTG Entegris Inc. Sold out 0.00% −0.64
XYL Xylem Inc. Sold out 0.00% −0.62
MFC Manulife Financial Corp. Reduce -15.7% 3.75% −0.55
VRT Vertiv Holdings Co. Class A Reduce -33.3% 0.69% −0.29
ARES Ares Management Corp. Class A Reduce -30.2% 0.48% −0.15
AEM Agnico Eagle Mines Ltd. Reduce -5.8% 4.49% +0.41

Portfolio Buys Q2 2024 → Q3 2024
PRMW Primo Water Corp. New 4.33% +4.33
KKR KKR & Co. Inc. Add +3.3% 19.12% +3.31
ANSS Ansys Inc. New 1.09% +1.09
CARR Carrier Global Corp. New 0.85% +0.85
ORCL Oracle Corp. New 0.70% +0.70
IRM Iron Mountain Inc. New 0.48% +0.48
CLS Celestica Inc. Add +4.6% 4.69% −0.69

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 33$152.3MCBOE, MIAX, BAC, KKR, ICE
Q1 2026 57$255.2MMS, CBOE, MIAX, KKR, BAC
Q4 2025 29$162.6MMIAX, CBOE, KKR, ICE, AEM
Q3 2025 26$152.4MCBOE, MIAX, BANK OF AMERICA INC, ICE, AEM
Q2 2025 20$115.4MCBOE, KKR, ICE, AEM, STN
Q1 2025 31$134.8MCBOE, KKR, ICE, BAC, AEM
Q4 2024 34$148.3MKKR, CBOE, BAC, ICE, AEM
Q3 2024 32$142.6MKKR, CBOE, ICE, BAC, CLS
Q2 2024 33$132.9MKKR, CBOE, BAC, ICE, CLS
Q1 2024 34$134.4MCBOE, KKR, ICE, BAC, CLS