Heathbridge Capital Management Ltd.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Heathbridge Capital Management Ltd. reported 27 stock positions worth $236.0 million. Its top holding was TC Energy (TRP) at 9.2% of the portfolio, followed by American Electric Power (AEP, 8.7%) and Verizon Communications (VZ, 7.5%). Compared with Q1 2024, it opened 2 new positions, sold out of 4, added to 1 and reduced 17. The biggest buy was a new position in Zoetis (ZTS) and the biggest sale an exit from Open Text (OTEX).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001503269
Portfolio Value
$236.0M (Q2 2024)
SEC Filing
0001062993-24-014560 ↗ filed Aug 7, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $258.7M Q1 2024 Q2 2024: $236.0M $236.0M Q2 2024 Q3 2024: $263.2M Q3 2024 Q4 2024: $251.3M Q4 2024 Q1 2025: $246.2M Q1 2025 Q2 2025: $248.9M Q2 2025 Q3 2025: $260.5M Q3 2025 Q4 2025: $261.7M Q4 2025 Q1 2026: $275.2M Q1 2026 Q2 2026: $292.4M Q2 2026

Holdings 27 stocks · $236.0M
TRP TC Energy Corp. 9.20% 572,825 $21.7M Reduce -7.4%
AEP American Electric Power 8.70% 234,050 $20.5M Add +36.7%
VZ Verizon Communications Inc. 7.53% 430,700 $17.8M Reduce -7.9%
MFC Manulife Financial Corp. 7.33% 650,350 $17.3M Reduce -7.0%
MSFT Microsoft Corp. 7.20% 38,020 $17.0M Reduce -7.6%
AEM Agnico Eagle Mines Ltd. 7.02% 253,550 $16.6M Reduce -7.8%
TD Toronto-Dominion Bank 5.93% 254,780 $14.0M Reduce -8.0%
TU Telus Corp. 5.19% 809,700 $12.3M Reduce -9.1%
CNQ Canadian Natural Resources 4.80% 317,900 $11.3M Reduce -7.4%
KHC The Kraft Heinz Co. 4.71% 345,150 $11.1M Reduce -7.7%
ZTS Zoetis Inc. 4.65% 63,250 $11.0M New
CP Canadian Pacific Kansas City 4.21% 126,300 $9.9M Reduce -4.7%
RY Royal Bank of Canada 4.13% 91,500 $9.7M No change
HLN Haleon PLC-ADR 3.95% 1,127,500 $9.3M Reduce -8.1%
CAE Cae Inc. 3.58% 455,400 $8.5M Reduce -7.2%
ADP Automatic Data Processing 3.53% 34,923 $8.3M Reduce -3.5%
TECK Teck Resources Ltd.-CLS B 3.53% 173,750 $8.3M Reduce -21.9%
MGA Magna International Inc. 2.70% 152,275 $6.4M Reduce -7.6%
HBM Hudbay Minerals Inc. 1.23% 321,315 $2.9M Reduce -44.8%
FITB Fifth Third Bancorp 0.25% 15,900 $580K Reduce -20.9%
NEM Newmont Corp. 0.18% 10,100 $423K No change
DNN Denison Mines Corp. 0.14% 160,300 $321K No change
UNP Union Pacific Corp. 0.11% 1,150 $260K No change
VRSK Verisk Analytics Inc. 0.11% 925 $249K No change
MA Mastercard Inc. Class A 0.09% 475 $210K No change
NGD New Gold Inc. 0.02% 25,000 $49K No change
DANIMER SCIENTIFIC INC 0.01% 28,100 $17K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $921 (not counted above)
SecurityClassShares / PrincipalValueChange
ORGNW Origin Materials -CW26 *W EXP 06/25/202 16,600$921No change

Total filed on the 13F, all lines: $236.0M.

Portfolio Sells Q1 2024 → Q2 2024
OTEX Open Text Corp. Sold out 0.00% −2.79
TXN Texas Instruments Inc. Sold out 0.00% −2.56
MGA Magna International Inc. Reduce -7.6% 2.70% −0.77
KHC The Kraft Heinz Co. Reduce -7.7% 4.71% −0.62
TD Toronto-Dominion Bank Reduce -8.0% 5.93% −0.53
TRP TC Energy Corp. Reduce -7.4% 9.20% −0.42
TECK Teck Resources Ltd.-CLS B Reduce -21.9% 3.53% −0.41
HBM Hudbay Minerals Inc. Reduce -44.8% 1.23% −0.34
CAE Cae Inc. Reduce -7.2% 3.58% −0.34
TU Telus Corp. Reduce -9.1% 5.19% −0.32
CP Canadian Pacific Kansas City Reduce -4.7% 4.21% −0.31
CNQ Canadian Natural Resources Reduce -7.4% 4.80% −0.27
ERF Enerplus Corp. Sold out 0.00% −0.18
HLN Haleon PLC-ADR Reduce -8.1% 3.95% −0.08
SLF Sun Life Financial Inc. Sold out 0.00% −0.08
VZ Verizon Communications Inc. Reduce -7.9% 7.53% −0.06
FITB Fifth Third Bancorp Reduce -20.9% 0.25% −0.04
ADP Automatic Data Processing Reduce -3.5% 3.53% +0.04
MSFT Microsoft Corp. Reduce -7.6% 7.20% +0.51
MFC Manulife Financial Corp. Reduce -7.0% 7.33% +0.59
AEM Agnico Eagle Mines Ltd. Reduce -7.8% 7.02% +0.69

Portfolio Buys Q1 2024 → Q2 2024
ZTS Zoetis Inc. New 4.65% +4.65
AEP American Electric Power Add +36.7% 8.70% +3.00
DANIMER SCIENTIFIC INC New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 28$292.4MTD, VZ, TRP, MFC, AEP
Q1 2026 28$275.2MVZ, AEP, TD, AEM, TRP
Q4 2025 28$261.7MTD, VZ, TRP, AEP, MFC
Q3 2025 27$260.5MAEP, TRP, VZ, TD, AEM
Q2 2025 25$248.9MAEP, TD, VZ, TRP, MSFT
Q1 2025 28$246.2MAEP, VZ, TRP, TD, AEM
Q4 2024 28$251.3MAEP, VZ, TRP, TD, MSFT
Q3 2024 28$263.2MTRP, AEP, VZ, AEM, MFC
Q2 2024 27$236.0MTRP, AEP, VZ, MFC, MSFT
Q1 2024 29$258.7MTRP, VZ, MFC, MSFT, TD