Ewing Morris & Co. Investment Partners Ltd.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Ewing Morris & Co. Investment Partners Ltd. reported 89 stock positions worth $289.9 million. Its top holding was Bandwidth Inc. (band 0.5 04/01/28) at 6.9% of the portfolio, followed by Unity Software Inc. (u 0 11/15/26) (6.2%) and Blackline Inc. (bl 0 03/15/26) (5.4%). Compared with Q3 2024, it opened 62 new positions, sold out of 4, added to 2 and reduced 5. The biggest buy was a new position in Royal Bank of Canada (RY) and the biggest sale an exit from Ziff Davis Inc. (zd 1.75 11/01/26).

Most Recent 13F
Q2 2026
Location
TORONTO, Z4
CIK
0001846838
Portfolio Value
$289.9M (Q4 2024)
SEC Filing
0001405086-25-000069 ↗ filed Feb 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $220.1M Q1 2024 Q2 2024: $157.3M Q2 2024 Q3 2024: $206.8M Q3 2024 Q4 2024: $289.9M $289.9M Q4 2024 Q1 2025: $316.8M Q1 2025 Q2 2025: $221.8M Q2 2025 Q3 2025: $233.2M Q3 2025 Q4 2025: $228.5M Q4 2025 Q1 2026: $221.3M Q1 2026 Q2 2026: $191.0M Q2 2026

Holdings 89 stocks · $289.9M
BANDWIDTH INC (BAND 0.5 04/01/28) 6.85% 17,200,000 $19.9M No change
UNITY SOFTWARE INC (U 0 11/15/26) 6.19% 13,700,000 $18.0M No change
BLACKLINE INC (BL 0 03/15/26) 5.43% 11,612,000 $15.7M No change
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) 4.50% 10,000,000 $13.0M No change
SWIM Latham Group Inc. 4.00% 1,160,253 $11.6M Reduce -28.6%
TRIPADVISOR INC (TRIP 0.25 04/01/26) 3.98% 8,543,000 $11.5M No change
PELOTON INTERACTIVE INC (PTON 0 02/15/26) 3.49% 7,520,000 $10.1M No change
GOGO Gogo Inc. 3.47% 864,199 $10.0M Reduce -6.8%
GSHD Goosehead Insurance Inc. Class A 3.21% 60,396 $9.3M Reduce -24.2%
SRI Stoneridge Inc. 3.05% 1,224,273 $8.8M Add +1.4%
UPWORK INC (UPWK 0.25 08/15/26) 2.99% 6,500,000 $8.7M No change
Q2 HOLDINGS INC (QTWO 0.125 11/15/25) filed as Q2 HLDGS INC 2.66% 5,375,000 $7.7M No change
CABLE ONE INC (CABO 1.125 03/15/28) 2.47% 6,000,000 $7.2M No change
SNAP INC (SNAP 0.125 03/01/28) 2.44% 6,000,000 $7.1M No change
XOMETRY INC (XMTR 1 02/01/27) 2.16% 4,100,000 $6.3M No change
RAPID7 INC (RPD 0.25 03/15/27) 1.99% 4,325,000 $5.8M No change
RY Royal Bank of Canada 1.91% 31,900 $5.5M New
WMS Advanced Drainage Systems Inc. 1.76% 30,704 $5.1M No change
SANG Sangoma Technologies Corp. 1.65% 479,004 $4.8M New
TD Toronto-Dominion Bank 1.46% 55,221 $4.2M New
DRVN Driven Brands Holdings Inc. 1.44% 179,399 $4.2M No change
FTS Fortis Inc. 1.27% 61,753 $3.7M New
BMO Bank of Montreal filed as BANK MONTREAL QUE 1.24% 25,741 $3.6M New
RAPID7 INC (RPD 1.25 03/15/29) 1.24% 2,600,000 $3.6M New
QQQ Invesco QQQ Trust Series 1 1.22% 6,934 $3.5M New
AMZN Amazon.com Inc. 1.14% 15,087 $3.3M New
AAPL Apple Inc. 1.08% 12,517 $3.1M New
ZD Ziff Davis Inc. 1.05% 39,136 $3.1M No change
IVV iShares Core S&P 500 ETF 1.05% 5,167 $3.0M New
IQLT iShares MSCI International Q 0.95% 73,845 $2.7M New
JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP 0.88% 14,000 $2.6M Add +180.0%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) 0.86% 2,000,000 $2.5M No change
FSV Firstservice Corp. 0.85% 9,486 $2.5M New
IBIT iShares Bitcoin Trust ETF 0.84% 45,855 $2.4M New
TRP TC Energy Corp. 0.81% 34,958 $2.3M New
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.81% 8,082 $2.3M New
COST Costco Wholesale Corp. 0.78% 2,466 $2.3M New
ASTL Algoma Steel Group Inc. 0.78% 160,000 $2.3M No change
CTAS Cintas Corp. 0.71% 11,324 $2.1M New
GT Goodyear Tire & Rubber Co. 0.67% 149,982 $1.9M No change
BIP Brookfield Infrastructure Pa 0.66% 58,401 $1.9M New
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.59% 22,065 $1.7M New
LIN Linde PLC 0.57% 3,961 $1.7M New
SPGI S&P Global Inc. 0.57% 3,325 $1.7M New
ENB Enbridge Inc. 0.56% 26,478 $1.6M New
GLD SPDR Gold Shares 0.55% 6,545 $1.6M New
MSFT Microsoft Corp. 0.53% 3,645 $1.5M New
GIB Cgi Inc. 0.49% 9,032 $1.4M New
V Visa Inc. Class A 0.49% 4,457 $1.4M New
OKTA INC (OKTA 0.125 09/01/25) 0.48% 1,000,000 $1.4M No change
OKTA INC (OKTA 0.375 06/15/26) 0.46% 1,000,000 $1.3M No change
ATS Ats Corp. 0.43% 28,280 $1.2M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.43% 28,175 $1.2M New
FNGS Microsectors Fang+ Etns filed as BANK MONTREAL MEDIUM 0.42% 21,376 $1.2M New
CNQ Canadian Natural Resources 0.40% 26,088 $1.2M New
ZTS Zoetis Inc. 0.39% 6,950 $1.1M New
HD Home Depot Inc. 0.37% 2,755 $1.1M New
WMT Walmart Inc. 0.37% 11,861 $1.1M New
STIP iShares 0-5 Year Tips Bond E 0.36% 10,385 $1.0M New
SPY SS SPDR S&P 500 ETF Trust-US 0.35% 1,714 $1.0M New
ACWI iShares MSCI Acwi ETF 0.34% 8,500 $999K New
PAR Par Technology Corp. 0.34% 13,500 $981K New
UAL United Airlines Holdings Inc. 0.33% 9,875 $959K New
ROP Roper Technologies Inc. 0.33% 1,815 $944K New
TSLA Tesla Inc. 0.27% 1,950 $787K New
OTIS Otis Worldwide Corp. 0.26% 8,145 $754K New
GOOG Alphabet Inc. Class C 0.24% 3,672 $699K New
PFO Flaherty & Crumrine P&I Opp 0.24% 75,690 $682K New
ADBE Adobe Inc. 0.23% 1,500 $667K New
DHR Danaher Corp. 0.21% 2,706 $621K New
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.20% 73,000 $581K New
CLS Celestica Inc. 0.19% 4,045 $537K New
WPM Wheaton Precious Metals Corp. 0.17% 6,111 $494K New
GGAL Grupo Financiero Galicia-ADR 0.17% 7,750 $483K New
DECK Deckers Outdoor Corp. 0.16% 2,350 $477K New
RAND Rand Capital Corp. 0.16% 14,003 $472K Reduce -24.9%
ISRG Intuitive Surgical Inc. 0.16% 870 $454K New
USMV iShares MSCI USA Min Vol Fac 0.15% 5,000 $444K New
JPM JPMorgan Chase & Co. 0.15% 1,807 $433K New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.14% 4,493 $409K New
BCE Bce Inc. 0.13% 11,351 $378K New
CNI Canadian Natl Railway Co. 0.12% 2,317 $338K New
CYBR Cyberark Software Ltd./Israel 0.10% 900 $300K New
SLSR Solaris Resources Inc. 0.10% 64,100 $286K New
SOBO South Bow Corp. 0.08% 6,878 $233K New
SHY iShares 1-3 Year Treasury Bo 0.07% 2,574 $211K New
CCSI Consensus Cloud Solution 0.07% 6,062 $208K Reduce -0.8%
SA Seabridge Gold Inc. 0.07% 12,100 $198K New
ETF OPPORTUNITIES TRUST 0.04% 14,380 $109K New

Portfolio Sells Q3 2024 → Q4 2024
ZIFF DAVIS INC (ZD 1.75 11/01/26) Sold out 0.00% −3.57
SWIM Latham Group Inc. Reduce -28.6% 4.00% −3.22
CHEGG INC (CHGG 0 09/01/26) Sold out 0.00% −2.99
GSHD Goosehead Insurance Inc. Class A Reduce -24.2% 3.21% −1.44
PLAY Dave & Buster's Entertainmen Sold out 0.00% −0.99
GOGO Gogo Inc. Reduce -6.8% 3.47% −0.89
RAND Rand Capital Corp. Reduce -24.9% 0.16% −0.04
SHC Sotera Health Co. Sold out 0.00% −0.03
CCSI Consensus Cloud Solution Reduce -0.8% 0.07% −0.02

Portfolio Buys Q3 2024 → Q4 2024
RY Royal Bank of Canada New 1.91% +1.91
SANG Sangoma Technologies Corp. New 1.65% +1.65
TD Toronto-Dominion Bank New 1.46% +1.46
FTS Fortis Inc. New 1.27% +1.27
BMO Bank of Montreal New 1.24% +1.24
RAPID7 INC (RPD 1.25 03/15/29) New 1.24% +1.24
QQQ Invesco QQQ Trust Series 1 New 1.22% +1.22
AMZN Amazon.com Inc. New 1.14% +1.14
AAPL Apple Inc. New 1.08% +1.08
IVV iShares Core S&P 500 ETF New 1.05% +1.05
IQLT iShares MSCI International Q New 0.95% +0.95
FSV Firstservice Corp. New 0.85% +0.85
IBIT iShares Bitcoin Trust ETF New 0.84% +0.84
TRP TC Energy Corp. New 0.81% +0.81
MSTR Strategy Inc. New 0.81% +0.81
COST Costco Wholesale Corp. New 0.78% +0.78
CTAS Cintas Corp. New 0.71% +0.71
BIP Brookfield Infrastructure Pa New 0.66% +0.66
BNS Bank of Nova Scotia New 0.59% +0.59
LIN Linde PLC New 0.57% +0.57
SPGI S&P Global Inc. New 0.57% +0.57
JBTM JBT Marel Corp. Add +180.0% 0.88% +0.56
ENB Enbridge Inc. New 0.56% +0.56
GLD SPDR Gold Shares New 0.55% +0.55
MSFT Microsoft Corp. New 0.53% +0.53
GIB Cgi Inc. New 0.49% +0.49
V Visa Inc. Class A New 0.49% +0.49
ATS Ats Corp. New 0.43% +0.43
BAC Bank of America Corp. New 0.43% +0.43
FNGS Microsectors Fang+ Etns New 0.42% +0.42
CNQ Canadian Natural Resources New 0.40% +0.40
ZTS Zoetis Inc. New 0.39% +0.39
HD Home Depot Inc. New 0.37% +0.37
WMT Walmart Inc. New 0.37% +0.37
STIP iShares 0-5 Year Tips Bond E New 0.36% +0.36
SPY SS SPDR S&P 500 ETF Trust-US New 0.35% +0.35
ACWI iShares MSCI Acwi ETF New 0.34% +0.34
PAR Par Technology Corp. New 0.34% +0.34
UAL United Airlines Holdings Inc. New 0.33% +0.33
ROP Roper Technologies Inc. New 0.33% +0.33
TSLA Tesla Inc. New 0.27% +0.27
OTIS Otis Worldwide Corp. New 0.26% +0.26
GOOG Alphabet Inc. Class C New 0.24% +0.24
PFO Flaherty & Crumrine P&I Opp New 0.24% +0.24
ADBE Adobe Inc. New 0.23% +0.23
DHR Danaher Corp. New 0.21% +0.21
ORLA Orla Mining Ltd. New 0.20% +0.20
CLS Celestica Inc. New 0.19% +0.19
WPM Wheaton Precious Metals Corp. New 0.17% +0.17
GGAL Grupo Financiero Galicia-ADR New 0.17% +0.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 88$191.0MCMP, IVV, IQLT, SRI, EVOLENT HEALTH INC (EVH 3.5 12/01/29)
Q1 2026 85$221.3MCMP, IVV, BANDWIDTH INC (BAND 0.5 04/01/28), IQLT, GLD
Q4 2025 90$228.5MCMP, BANDWIDTH INC (BAND 0.5 04/01/28), IVV, RAPID7 INC (RPD 1.25 03/15/29), IQLT
Q3 2025 93$233.2MCMP, BANDWIDTH INC (BAND 0.5 04/01/28), SRI, EVOLENT HEALTH INC (EVH 3.5 12/01/29), IVV
Q2 2025 93$221.8MCMP, BANDWIDTH INC (BAND 0.5 04/01/28), RAPID7 INC (RPD 0.25 03/15/27), EVOLENT HEALTH INC (EVH 3.5 12/01/29), SRI
Q1 2025 98$316.8MBANDWIDTH INC (BAND 0.5 04/01/28), UNITY SOFTWARE INC (U 0 11/15/26), RAPID7 INC (RPD 0.25 03/15/27), BLACKLINE INC (BL 0 03/15/26), AFFIRM HOLDINGS INC (AFRM 0 11/15/26)
Q4 2024 89$289.9MBANDWIDTH INC (BAND 0.5 04/01/28), UNITY SOFTWARE INC (U 0 11/15/26), BLACKLINE INC (BL 0 03/15/26), AFFIRM HOLDINGS INC (AFRM 0 11/15/26), SWIM
Q3 2024 31$206.8MBANDWIDTH INC (BAND 0.5 04/01/28), UNITY SOFTWARE INC (U 0 11/15/26), SRI, SWIM, BLACKLINE INC (BL 0 03/15/26)
Q2 2024 33$157.3MSRI, BANDWIDTH INC (BAND 0.5 04/01/28), UNITY SOFTWARE INC (U 0 11/15/26), BLACKLINE INC (BL 0 03/15/26), GOGO
Q1 2024 33$220.1MSRI, BANDWIDTH INC (BAND 0.5 04/01/28), UNITY SOFTWARE INC (U 0 11/15/26), PELOTON INTERACTIVE INC (PTON 0 02/15/26), BLACKLINE INC (BL 0 03/15/26)