Heathbridge Capital Management Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 16, 2024), Heathbridge Capital Management Ltd. reported 28 stock positions worth $263.2 million. Its top holding was TC Energy (TRP) at 9.3% of the portfolio, followed by American Electric Power (AEP, 9.1%) and Verizon Communications (VZ, 8.4%). Compared with Q2 2024, it opened 1 new position, added to 3 and reduced 16. The biggest buy was Verizon Communications (VZ, shares +14%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001503269
Portfolio Value
$263.2M (Q3 2024)
SEC Filing
0001062993-24-017710 ↗ filed Oct 16, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $258.7M Q1 2024 Q2 2024: $236.0M Q2 2024 Q3 2024: $263.2M $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 28 stocks · $263.2M
TRP TC Energy Corp. 9.29% 514,575 $24.5M Reduce -10.2%
AEP American Electric Power 9.06% 232,500 $23.9M Reduce -0.7%
VZ Verizon Communications Inc. 8.35% 489,400 $22.0M Add +13.6%
AEM Agnico Eagle Mines Ltd. 7.68% 250,800 $20.2M Reduce -1.1%
MFC Manulife Financial Corp. 7.23% 643,550 $19.0M Reduce -1.1%
MSFT Microsoft Corp. 6.15% 37,645 $16.2M Reduce -1.0%
TD Toronto-Dominion Bank 6.09% 253,580 $16.0M Reduce -0.5%
TU Telus Corp. 5.15% 808,000 $13.6M Reduce -0.2%
ZTS Zoetis Inc. 4.67% 62,850 $12.3M Reduce -0.6%
KHC The Kraft Heinz Co. 4.60% 344,750 $12.1M Reduce -0.1%
HLN Haleon PLC-ADR 4.52% 1,125,400 $11.9M Reduce -0.2%
RY Royal Bank of Canada 4.34% 91,500 $11.4M No change
CP Canadian Pacific Kansas City 4.06% 125,025 $10.7M Reduce -1.0%
CNQ Canadian Natural Resources 3.98% 315,100 $10.5M Reduce -0.9%
ADP Automatic Data Processing 3.66% 34,773 $9.6M Reduce -0.4%
TECK Teck Resources Ltd.-CLS B 3.44% 173,200 $9.0M Reduce -0.3%
CAE Cae Inc. 3.24% 454,800 $8.5M Reduce -0.1%
MGA Magna International Inc. 2.37% 152,325 $6.2M Add +0.0%
HBM Hudbay Minerals Inc. 1.12% 319,515 $2.9M Reduce -0.6%
FITB Fifth Third Bancorp 0.26% 15,900 $681K No change
NEM Newmont Corp. 0.21% 10,300 $551K Add +2.0%
DNN Denison Mines Corp. 0.11% 160,300 $292K No change
UNP Union Pacific Corp. 0.11% 1,150 $283K No change
VRSK Verisk Analytics Inc. 0.09% 925 $248K No change
SLF Sun Life Financial Inc. 0.09% 4,200 $244K New
MA Mastercard Inc. Class A 0.09% 475 $235K No change
NGD New Gold Inc. 0.03% 25,000 $72K No change
DANIMER SCIENTIFIC INC 0.00% 28,100 $13K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
ORGNW Origin Materials -CW26 *W EXP 06/25/202 16,600$2KNo change

Total filed on the 13F, all lines: $263.2M.

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -1.0% 6.15% −1.04
CNQ Canadian Natural Resources Reduce -0.9% 3.98% −0.82
CAE Cae Inc. Reduce -0.1% 3.24% −0.34
CP Canadian Pacific Kansas City Reduce -1.0% 4.06% −0.15
HBM Hudbay Minerals Inc. Reduce -0.6% 1.12% −0.11
KHC The Kraft Heinz Co. Reduce -0.1% 4.60% −0.11
MFC Manulife Financial Corp. Reduce -1.1% 7.23% −0.11
TECK Teck Resources Ltd.-CLS B Reduce -0.3% 3.44% −0.09
TU Telus Corp. Reduce -0.2% 5.15% −0.04
ZTS Zoetis Inc. Reduce -0.6% 4.67% +0.02
TRP TC Energy Corp. Reduce -10.2% 9.29% +0.10
ADP Automatic Data Processing Reduce -0.4% 3.66% +0.12
TD Toronto-Dominion Bank Reduce -0.5% 6.09% +0.16
AEP American Electric Power Reduce -0.7% 9.06% +0.36
HLN Haleon PLC-ADR Reduce -0.2% 4.52% +0.58
AEM Agnico Eagle Mines Ltd. Reduce -1.1% 7.68% +0.65

Portfolio Buys Q2 2024 → Q3 2024
VZ Verizon Communications Inc. Add +13.6% 8.35% +0.83
SLF Sun Life Financial Inc. New 0.09% +0.09
NEM Newmont Corp. Add +2.0% 0.21% +0.03
MGA Magna International Inc. Add +0.0% 2.37% −0.33

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