Ewing Morris & Co. Investment Partners Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), Ewing Morris & Co. Investment Partners Ltd. reported 93 stock positions worth $221.8 million. Its top holding was Compass Minerals Internation (CMP) at 10.1% of the portfolio, followed by Bandwidth Inc. (band 0.5 04/01/28) (6.3%) and RAPID7 Inc. (rpd 0.25 03/15/27) (5.2%). Compared with Q1 2025, it opened 20 new positions, sold out of 25, added to 42 and reduced 14. The biggest buy was Compass Minerals Internation (CMP, shares +202%) and the biggest sale an exit from Unity Software Inc. (u 0 11/15/26).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, Z4
- CIK
- 0001846838
- Portfolio Value
- $221.8M (Q2 2025)
- SEC Filing
- 0001405086-25-000228 ↗ filed Aug 15, 2025
Holdings Value
Holdings 93 stocks · $221.8M
| CMP Compass Minerals Internation | 10.13% | 1,280,648 | $22.5M | Add +201.7% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | 6.31% | 16,600,000 | $14.0M | Add +1.5% |
| RAPID7 INC (RPD 0.25 03/15/27) | 5.15% | 12,302,000 | $11.4M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | 3.85% | 10,000,000 | $8.5M | New |
| SRI Stoneridge Inc. | 3.21% | 1,224,273 | $7.1M | No change |
| SWIM Latham Group Inc. | 3.06% | 1,065,408 | $6.8M | No change |
| GSHD Goosehead Insurance Inc. Class A | 3.06% | 64,396 | $6.8M | Add +18.4% |
| DRVN Driven Brands Holdings Inc. | 3.03% | 382,167 | $6.7M | Add +74.6% |
| IVV iShares Core S&P 500 ETF | 2.74% | 9,773 | $6.1M | Add +45.1% |
| IQLT iShares MSCI International Q | 2.51% | 128,883 | $5.6M | Add +39.1% |
| SNAP INC (SNAP 0.125 03/01/28) | 2.35% | 6,000,000 | $5.2M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | 2.09% | 6,000,000 | $4.6M | No change |
| GOGO Gogo Inc. | 2.01% | 304,199 | $4.5M | Reduce -60.2% |
| XOMETRY INC (XMTR 1 02/01/27) | 1.90% | 4,100,000 | $4.2M | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | 1.87% | 4,600,000 | $4.2M | No change |
| TD Toronto-Dominion Bank | 1.83% | 55,227 | $4.1M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.82% | 7,311 | $4.0M | Reduce -29.5% |
| WMS Advanced Drainage Systems Inc. | 1.77% | 34,204 | $3.9M | No change |
| RY Royal Bank of Canada | 1.76% | 29,695 | $3.9M | Add +0.5% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 1.72% | 9,426 | $3.8M | Add +26.7% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | 1.71% | 4,000,000 | $3.8M | New |
| JBTM JBT Marel Corp. | 1.59% | 29,351 | $3.5M | Add +54.5% |
| IBIT iShares Bitcoin Trust ETF | 1.52% | 55,160 | $3.4M | Add +18.1% |
| GLD SPDR Gold Shares | 1.51% | 10,991 | $3.4M | Add +67.9% |
| FTS Fortis Inc. | 1.49% | 69,198 | $3.3M | Add +8.4% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.34% | 26,888 | $3.0M | Add +0.9% |
| SANG Sangoma Technologies Corp. | 1.32% | 472,554 | $2.9M | Add +3.1% |
| ASTL Algoma Steel Group Inc. | 1.21% | 390,000 | $2.7M | Add +85.7% |
| FIVE9 INC (FIVN 1 03/15/29) | 1.19% | 3,000,000 | $2.6M | No change |
| STIP iShares 0-5 Year Tips Bond E | 1.02% | 22,050 | $2.3M | Reduce -5.6% |
| SPXC SPX Technologies Inc. | 0.92% | 12,112 | $2.0M | Add +17.5% |
| TRP TC Energy Corp. | 0.84% | 37,962 | $1.9M | Add +0.6% |
| FSV Firstservice Corp. | 0.84% | 10,676 | $1.9M | Add +12.5% |
| MSFT Microsoft Corp. | 0.81% | 3,606 | $1.8M | Reduce -5.9% |
| EFXT Enerflex Ltd. | 0.78% | 220,000 | $1.7M | Add +22.2% |
| ETSY INC (ETSY 0.25 06/15/28) | 0.77% | 2,000,000 | $1.7M | New |
| ENB Enbridge Inc. | 0.75% | 36,544 | $1.7M | Add +14.8% |
| GT Goodyear Tire & Rubber Co. | 0.74% | 157,282 | $1.6M | No change |
| ZD Ziff Davis Inc. | 0.70% | 51,636 | $1.6M | Add +31.9% |
| EVGO Evgo Inc. | 0.69% | 420,000 | $1.5M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 2,339 | $1.4M | Add +36.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.62% | 24,999 | $1.4M | Add +0.0% |
| HWM Howmet Aerospace Inc. | 0.59% | 7,054 | $1.3M | New |
| INTU Intuit Inc. | 0.58% | 1,623 | $1.3M | New |
| CNQ Canadian Natural Resources | 0.56% | 39,122 | $1.2M | Add +2.6% |
| NET Cloudflare Inc. Class A | 0.56% | 6,346 | $1.2M | New |
| NVDA Nvidia Corp. | 0.53% | 7,452 | $1.2M | New |
| AVGO Broadcom Inc. | 0.52% | 4,173 | $1.2M | New |
| WPM Wheaton Precious Metals Corp. | 0.49% | 12,100 | $1.1M | Add +59.2% |
| JCI Johnson Controls Internation | 0.48% | 10,063 | $1.1M | New |
| ACWI iShares MSCI Acwi ETF | 0.46% | 8,000 | $1.0M | No change |
| RPRX Royalty Pharma PLC Class A | 0.46% | 28,522 | $1.0M | New |
| DRS Leonardo DRS Inc. | 0.46% | 21,808 | $1.0M | New |
| ATS Ats Corp. | 0.45% | 31,600 | $1.0M | Add +11.7% |
| BWXT BWX Technologies Inc. | 0.45% | 6,900 | $994K | New |
| OKTA INC (OKTA 0.125 09/01/25) | 0.45% | 1,000,000 | $991K | No change |
| MTCH Match Group Inc. | 0.42% | 30,186 | $932K | Reduce -44.3% |
| IEF iShares 7-10 Year Treasury B | 0.38% | 8,811 | $844K | Add +33.2% |
| GOOG Alphabet Inc. Class C | 0.34% | 4,192 | $744K | Add +14.2% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.32% | 71,000 | $712K | Reduce -2.7% |
| PFO Flaherty & Crumrine P&I Opp | 0.32% | 75,690 | $700K | No change |
| ZS Zscaler Inc. | 0.31% | 2,190 | $688K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 1,413 | $686K | Add +48.7% |
| CLS Celestica Inc. | 0.30% | 4,215 | $657K | Add +4.2% |
| BIP Brookfield Infrastructure Pa | 0.27% | 17,826 | $597K | Add +52.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.26% | 6,990 | $579K | Add +207.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.24% | 5,600 | $526K | Add +12.0% |
| AMZN Amazon.com Inc. | 0.22% | 2,239 | $491K | Add +14.5% |
| JPM JPMorgan Chase & Co. | 0.22% | 1,656 | $480K | Add +3.0% |
| CNI Canadian Natl Railway Co. | 0.22% | 4,593 | $478K | Add +4.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.21% | 6,590 | $472K | Add +0.1% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.21% | 1,440 | $470K | New |
| APH Amphenol Corp. Class A | 0.21% | 4,700 | $464K | New |
| AXS Axis Capital Holdings Ltd. | 0.21% | 4,400 | $459K | Add +100.0% |
| LMB Limbach Holdings Inc. | 0.20% | 3,200 | $448K | New |
| CP Canadian Pacific Kansas City | 0.20% | 5,591 | $444K | Add +6.2% |
| PAR Par Technology Corp. | 0.19% | 6,000 | $416K | No change |
| SLSR Solaris Resources Inc. | 0.18% | 87,100 | $398K | No change |
| V Visa Inc. Class A | 0.18% | 1,111 | $394K | Add +14.9% |
| TRIP Tripadvisor Inc. | 0.17% | 29,700 | $388K | New |
| AAPL Apple Inc. | 0.17% | 1,833 | $376K | Add +23.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 7,479 | $354K | Reduce -72.2% |
| MFC Manulife Financial Corp. | 0.15% | 10,481 | $334K | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.15% | 457 | $323K | Reduce -54.6% |
| HD Home Depot Inc. | 0.14% | 854 | $313K | Reduce -60.4% |
| NFLX Netflix Inc. | 0.13% | 208 | $279K | Reduce -49.0% |
| ZTS Zoetis Inc. | 0.12% | 1,750 | $273K | Reduce -74.8% |
| SPGI S&P Global Inc. | 0.12% | 515 | $272K | Reduce -83.5% |
| SLF Sun Life Financial Inc. | 0.12% | 4,061 | $270K | No change |
| EMA Emera Inc. | 0.12% | 5,725 | $262K | New |
| SU Suncor Energy Inc. | 0.12% | 6,989 | $261K | Reduce -2.0% |
| AXON Axon Enterprise Inc. | 0.12% | 314 | $260K | New |
| SA Seabridge Gold Inc. | 0.08% | 12,100 | $175K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 8,901 | $1.1M | New |
Total filed on the 13F, all lines: $222.9M.
Portfolio Sells Q1 2025 → Q2 2025
| UNITY SOFTWARE INC (U 0 11/15/26) | Sold out | 0.00% | −5.76 |
| BLACKLINE INC (BL 0 03/15/26) | Sold out | 0.00% | −5.07 |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | Sold out | 0.00% | −4.05 |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | Sold out | 0.00% | −3.73 |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | Sold out | 0.00% | −3.24 |
| UPWORK INC (UPWK 0.25 08/15/26) | Sold out | 0.00% | −2.77 |
| Q2 HOLDINGS INC (QTWO 0.125 11/15/25) | Sold out | 0.00% | −2.39 |
| GOGO Gogo Inc. | Reduce -60.2% | 2.01% | −0.98 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.68 |
| SPGI S&P Global Inc. | Reduce -83.5% | 0.12% | −0.60 |
| NFG National Fuel Gas Co. | Sold out | 0.00% | −0.53 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.50 |
| OKTA INC (OKTA 0.375 06/15/26) | Sold out | 0.00% | −0.44 |
| ZTS Zoetis Inc. | Reduce -74.8% | 0.12% | −0.40 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -29.5% | 1.82% | −0.39 |
| BAC Bank of America Corp. | Reduce -72.2% | 0.16% | −0.35 |
| MTCH Match Group Inc. | Reduce -44.3% | 0.42% | −0.35 |
| HD Home Depot Inc. | Reduce -60.4% | 0.14% | −0.22 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −0.16 |
| LIN Linde PLC | Sold out | 0.00% | −0.15 |
| GS Goldman Sachs Group Inc. | Reduce -54.6% | 0.15% | −0.10 |
| SOBO South Bow Corp. | Sold out | 0.00% | −0.10 |
| EWG iShares MSCI Germany ETF | Sold out | 0.00% | −0.10 |
| BCE Bce Inc. | Sold out | 0.00% | −0.09 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.09 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.08 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -5.6% | 1.02% | −0.07 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.07 |
| GE General Electric | Sold out | 0.00% | −0.07 |
| LRN Stride Inc. | Sold out | 0.00% | −0.07 |
| TBIL F/M US Treasury 3 Month Bill | Sold out | 0.00% | −0.07 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.07 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.07 |
| NFLX Netflix Inc. | Reduce -49.0% | 0.13% | −0.03 |
| SU Suncor Energy Inc. | Reduce -2.0% | 0.12% | −0.01 |
| FLORA GROWTH CORP | Sold out | 0.00% | −0.01 |
| ORLA Orla Mining Ltd. | Reduce -2.7% | 0.32% | +0.01 |
| MSFT Microsoft Corp. | Reduce -5.9% | 0.81% | +0.16 |
| TD Toronto-Dominion Bank | Reduce -0.7% | 1.83% | +0.31 |
Portfolio Buys Q1 2025 → Q2 2025
| CMP Compass Minerals Internation | Add +201.7% | 10.13% | +8.34 |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | New | 3.85% | +3.85 |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | New | 1.71% | +1.71 |
| DRVN Driven Brands Holdings Inc. | Add +74.6% | 3.03% | +1.32 |
| IVV iShares Core S&P 500 ETF | Add +45.1% | 2.74% | +1.02 |
| IQLT iShares MSCI International Q | Add +39.1% | 2.51% | +0.88 |
| ETSY INC (ETSY 0.25 06/15/28) | New | 0.77% | +0.77 |
| MSTR Strategy Inc. | Add +26.7% | 1.72% | +0.75 |
| GLD SPDR Gold Shares | Add +67.9% | 1.51% | +0.73 |
| ASTL Algoma Steel Group Inc. | Add +85.7% | 1.21% | +0.69 |
| EVGO Evgo Inc. | New | 0.69% | +0.69 |
| HWM Howmet Aerospace Inc. | New | 0.59% | +0.59 |
| INTU Intuit Inc. | New | 0.58% | +0.58 |
| IBIT iShares Bitcoin Trust ETF | Add +18.1% | 1.52% | +0.56 |
| NET Cloudflare Inc. Class A | New | 0.56% | +0.56 |
| JBTM JBT Marel Corp. | Add +54.5% | 1.59% | +0.54 |
| NVDA Nvidia Corp. | New | 0.53% | +0.53 |
| AVGO Broadcom Inc. | New | 0.52% | +0.52 |
| JCI Johnson Controls Internation | New | 0.48% | +0.48 |
| RPRX Royalty Pharma PLC Class A | New | 0.46% | +0.46 |
| DRS Leonardo DRS Inc. | New | 0.46% | +0.46 |
| BWXT BWX Technologies Inc. | New | 0.45% | +0.45 |
| SANG Sangoma Technologies Corp. | Add +3.1% | 1.32% | +0.37 |
| SPXC SPX Technologies Inc. | Add +17.5% | 0.92% | +0.31 |
| ZS Zscaler Inc. | New | 0.31% | +0.31 |
| BANDWIDTH INC (BAND 0.5 04/01/28) | Add +1.5% | 6.31% | +0.28 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +36.5% | 0.65% | +0.26 |
| RY Royal Bank of Canada | Add +0.5% | 1.76% | +0.25 |
| WPM Wheaton Precious Metals Corp. | Add +59.2% | 0.49% | +0.22 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.21% | +0.21 |
| APH Amphenol Corp. Class A | New | 0.21% | +0.21 |
| LMB Limbach Holdings Inc. | New | 0.20% | +0.20 |
| BMO Bank of Montreal | Add +0.9% | 1.34% | +0.18 |
| SHY iShares 1-3 Year Treasury Bo | Add +207.4% | 0.26% | +0.18 |
| TRIP Tripadvisor Inc. | New | 0.17% | +0.17 |
| FTS Fortis Inc. | Add +8.4% | 1.49% | +0.17 |
| CLS Celestica Inc. | Add +4.2% | 0.30% | +0.15 |
| EFXT Enerflex Ltd. | Add +22.2% | 0.78% | +0.15 |
| GSHD Goosehead Insurance Inc. Class A | Add +18.4% | 3.06% | +0.15 |
| AXS Axis Capital Holdings Ltd. | Add +100.0% | 0.21% | +0.14 |
| ATS Ats Corp. | Add +11.7% | 0.45% | +0.13 |
| BIP Brookfield Infrastructure Pa | Add +52.7% | 0.27% | +0.13 |
| FSV Firstservice Corp. | Add +12.5% | 0.84% | +0.12 |
| EMA Emera Inc. | New | 0.12% | +0.12 |
| AXON Axon Enterprise Inc. | New | 0.12% | +0.12 |
| ENB Enbridge Inc. | Add +14.8% | 0.75% | +0.11 |
| IEF iShares 7-10 Year Treasury B | Add +33.2% | 0.38% | +0.09 |
| BNS Bank of Nova Scotia | Add +0.0% | 0.62% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +48.7% | 0.31% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +14.2% | 0.34% | +0.07 |
Notes & Other Activity Q1 2025 → Q2 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 8,901 | $1.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 88 | $191.0M | CMP, IVV, IQLT, SRI, EVOLENT HEALTH INC (EVH 3.5 12/01/29) |
| Q1 2026 | 85 | $221.3M | CMP, IVV, BANDWIDTH INC (BAND 0.5 04/01/28), IQLT, GLD |
| Q4 2025 | 90 | $228.5M | CMP, BANDWIDTH INC (BAND 0.5 04/01/28), IVV, RAPID7 INC (RPD 1.25 03/15/29), IQLT |
| Q3 2025 | 93 | $233.2M | CMP, BANDWIDTH INC (BAND 0.5 04/01/28), SRI, EVOLENT HEALTH INC (EVH 3.5 12/01/29), IVV |
| Q2 2025 | 93 | $221.8M | CMP, 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 | $316.8M | BANDWIDTH 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 | $289.9M | BANDWIDTH 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 | $206.8M | BANDWIDTH 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 | $157.3M | SRI, 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 | $220.1M | SRI, 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) |