Heathbridge Capital Management Ltd. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Heathbridge Capital Management Ltd. reported 28 stock positions worth $292.4 million . Its top holding was Toronto-Dominion Bank (TD) at 8.8% of the portfolio, followed by Verizon Communications (VZ, 7.0% ) and TC Energy (TRP, 6.6% ). Compared with Q1 2026, it opened 1 new position, sold out of 1, added to 14 and reduced 8. The biggest buy was Verisk Analytics (VRSK, shares +2113% ) and the biggest sale American Electric Power (AEP, shares −25% ).
Location TORONTO, A6
CIK 0001503269
Portfolio Value $292.4M (Q2 2026) Holdings 28 stocks · $292.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 TD Toronto-Dominion Bank 212,550 $25.8M Reduce -12.7% VZ Verizon Communications Inc. 480,050 $20.3M Add +0.0% TRP TC Energy Corp. 293,225 $19.4M Add +0.1% MFC Manulife Financial Corp. 456,800 $18.5M Add +0.1% AEP American Electric Power 131,600 $18.0M Reduce -24.7% TRI Thomson Reuters Corp. 190,743 $15.6M Add +47.8% TU Telus Corp. 1,466,100 $15.5M Add +26.8% RY Royal Bank of Canada 74,500 $15.4M Reduce -9.7% AEM Agnico Eagle Mines Ltd. 92,910 $14.4M Reduce -0.1% ADP Automatic Data Processing 56,475 $12.6M Add +0.0% CAE Cae Inc. 476,800 $11.9M Add +26.7% SOBO South Bow Corp. 338,000 $11.9M Add +0.2% VRSK Verisk Analytics Inc. 65,275 $11.7M Add +2112.7% KMB Kimberly-Clark Corp. 105,600 $11.6M Add +0.1% GOOGL Alphabet Inc. Class A 31,335 $11.2M Reduce -15.5% CNQ Canadian Natural Resources 281,325 $11.1M Add +0.1% ZTS Zoetis Inc. 150,725 $10.8M Add +154.7% MSFT Microsoft Corp. 28,140 $10.5M Reduce -0.1% CP Canadian Pacific Kansas City 117,025 $10.1M Add +0.2% TECK Teck Resources Ltd.-CLS B 165,450 $9.8M Reduce -26.7% HBM Hudbay Minerals Inc. 139,250 $3.3M Reduce -23.9% OKE Oneok Inc. 8,300 $722K No change FITB Fifth Third Bancorp 11,700 $660K No change NEM Newmont Corp. 5,350 $500K No change XOM Exxon Mobil Corp. 2,575 $352K No change TMO Thermo Fisher Scientific Inc. 660 $331K Add +46.7% DNN Denison Mines Corp. 100,000 $306K No change GROY Gold Royalty Corp. 20,000 $55K New
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ AEP American Electric Power Reduce -24.7% 6.16% −2.17 AEM Agnico Eagle Mines Ltd. Reduce -0.1% 4.93% −1.92 TECK Teck Resources Ltd.-CLS B Reduce -26.7% 3.36% −0.88 HBM Hudbay Minerals Inc. Reduce -23.9% 1.12% −0.27 MSFT Microsoft Corp. Reduce -0.1% 3.59% −0.20 UNP Union Pacific Corp. Sold out 0.00% −0.09 GOOGL Alphabet Inc. Class A Reduce -15.5% 3.83% −0.05 RY Royal Bank of Canada Reduce -9.7% 5.27% +0.43 TD Toronto-Dominion Bank Reduce -12.7% 8.82% +0.58
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ VRSK Verisk Analytics Inc. Add +2112.7% 4.01% +3.80 ZTS Zoetis Inc. Add +154.7% 3.70% +1.16 TRI Thomson Reuters Corp. Add +47.8% 5.32% +1.02 MFC Manulife Financial Corp. Add +0.1% 6.32% +0.62 CAE Cae Inc. Add +26.7% 4.08% +0.52 KMB Kimberly-Clark Corp. Add +0.1% 3.96% +0.27 ADP Automatic Data Processing Add +0.0% 4.33% +0.16 CP Canadian Pacific Kansas City Add +0.2% 3.46% +0.13 TMO Thermo Fisher Scientific Inc. Add +46.7% 0.11% +0.03 GROY Gold Royalty Corp. New 0.02% +0.02 SOBO South Bow Corp. Add +0.2% 4.06% −0.00 TRP TC Energy Corp. Add +0.1% 6.63% −0.02 TU Telus Corp. Add +26.8% 5.29% −0.09 CNQ Canadian Natural Resources Add +0.1% 3.80% −1.17 VZ Verizon Communications Inc. Add +0.0% 6.95% −1.80
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ ORGNW Origin Materials -CW26 *W EXP 06/25/202 Sold out 16,600 $42before exit
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 28 $292.4M TD, VZ, TRP, MFC, AEP Q1 2026 28 $275.2M VZ, AEP, TD, AEM, TRP Q4 2025 28 $261.7M TD, VZ, TRP, AEP, MFC Q3 2025 27 $260.5M AEP, TRP, VZ, TD, AEM Q2 2025 25 $248.9M AEP, TD, VZ, TRP, MSFT Q1 2025 28 $246.2M AEP, VZ, TRP, TD, AEM Q4 2024 28 $251.3M AEP, VZ, TRP, TD, MSFT Q3 2024 28 $263.2M TRP, AEP, VZ, AEM, MFC Q2 2024 27 $236.0M TRP, AEP, VZ, MFC, MSFT Q1 2024 29 $258.7M TRP, VZ, MFC, MSFT, TD