Hillsdale Investment Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), Hillsdale Investment Management Inc. reported 647 stock positions worth $4.4 billion. Its top holding was Royal Bank of Canada (RY) at 4.7% of the portfolio, followed by Can Imperial BK of Commerce (CM, 2.9%) and Toronto-Dominion Bank (TD, 2.8%). Compared with Q1 2026, it opened 123 new positions, sold out of 131, added to 285 and reduced 170. The biggest buy was a new position in Blackberry (BB) and the biggest sale Manulife Financial (MFC, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0001368465
- Portfolio Value
- $4.4B (Q2 2026)
- SEC Filing
- 0001193125-26-346602 ↗ filed Aug 12, 2026
Holdings Value
Holdings 647 stocks · $4.4B
| RY Royal Bank of Canada | 4.74% | 1,005,143 | $207.9M | Reduce -5.7% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 2.90% | 1,106,970 | $127.3M | Reduce -10.9% |
| TD Toronto-Dominion Bank | 2.82% | 1,019,172 | $123.8M | Reduce -15.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 2.67% | 1,349,041 | $117.1M | Add +4.3% |
| EFXT Enerflex Ltd. | 2.02% | 3,615,379 | $88.7M | Reduce -5.6% |
| SU Suncor Energy Inc. | 1.94% | 1,582,117 | $85.0M | Add +123.8% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 1.85% | 460,739 | $81.3M | Reduce -15.3% |
| CNQ Canadian Natural Resources | 1.75% | 1,938,131 | $76.6M | Add +149.9% |
| ENB Enbridge Inc. | 1.71% | 1,384,813 | $75.0M | Add +56.6% |
| AEM Agnico Eagle Mines Ltd. | 1.35% | 381,603 | $59.2M | Reduce -0.4% |
| CVE Cenovus Energy Inc. | 1.35% | 2,387,412 | $59.2M | Add +91.9% |
| NVDA Nvidia Corp. | 1.28% | 280,626 | $56.2M | Add +2.9% |
| SHOP Shopify Inc. Class A | 1.18% | 451,724 | $51.6M | Add +16.3% |
| AAPL Apple Inc. | 1.11% | 168,004 | $48.6M | Add +3.3% |
| B Barrick Mining Corp. | 1.09% | 1,304,301 | $47.9M | Reduce -1.7% |
| PBA Pembina Pipeline Corp. | 1.09% | 1,030,460 | $47.6M | Add +207.0% |
| CLS Celestica Inc. | 0.99% | 119,713 | $43.6M | Reduce -9.7% |
| EMA Emera Inc. | 0.99% | 821,776 | $43.5M | Add +28.4% |
| BCE Bce Inc. | 0.98% | 2,007,737 | $43.2M | Add +23.9% |
| GOOGL Alphabet Inc. Class A | 0.98% | 120,162 | $42.9M | Reduce -8.2% |
| BB Blackberry Ltd. | 0.93% | 3,246,381 | $41.0M | New |
| CGAU Centerra Gold Inc. | 0.92% | 2,554,340 | $40.5M | Reduce -20.9% |
| OGC Oceanagold Corp. | 0.91% | 1,586,525 | $39.7M | New |
| MGA Magna International Inc. | 0.90% | 601,904 | $39.5M | Reduce -27.7% |
| FTS Fortis Inc. | 0.90% | 689,039 | $39.4M | Reduce -36.7% |
| PDS Precision Drilling Corp. | 0.90% | 512,747 | $39.3M | Add +5.2% |
| NTR Nutrien Ltd. | 0.84% | 585,713 | $36.9M | Add +231.4% |
| WPM Wheaton Precious Metals Corp. | 0.79% | 310,136 | $34.9M | Add +6.9% |
| SMIN iShares MSCI India Small-Cap | 0.76% | 471,671 | $33.4M | Reduce -8.3% |
| MSFT Microsoft Corp. | 0.73% | 85,782 | $32.0M | Add +2.6% |
| IAG Iamgold Corp. | 0.72% | 1,980,950 | $31.4M | Reduce -0.6% |
| SNDK Sandisk Corp. | 0.70% | 13,570 | $30.9M | Reduce -5.8% |
| AMZN Amazon.com Inc. | 0.57% | 104,909 | $25.0M | Add +4.3% |
| AG First Majestic Silver Corp. | 0.54% | 1,399,725 | $23.7M | Reduce -16.9% |
| SSRM SSR Mining Inc. | 0.50% | 781,157 | $22.1M | Add +22.2% |
| MFC Manulife Financial Corp. | 0.50% | 540,838 | $21.9M | Reduce -71.0% |
| KGC Kinross Gold Corp. | 0.44% | 820,650 | $19.4M | Reduce -45.4% |
| BN Brookfield Corp. | 0.43% | 446,735 | $19.0M | Add +3.5% |
| QSR Restaurant Brands Intern | 0.42% | 254,553 | $18.4M | Reduce -35.3% |
| RBA RB Global Inc. | 0.41% | 155,900 | $18.1M | Add +21.7% |
| IMO Imperial Oil Ltd. | 0.41% | 160,774 | $18.0M | New |
| TRP TC Energy Corp. | 0.40% | 267,708 | $17.7M | Add +75.0% |
| META Meta Platforms Inc. Class A | 0.39% | 30,715 | $17.3M | Add +8.0% |
| GH Guardant Health Inc. | 0.39% | 114,384 | $17.2M | Reduce -8.0% |
| CP Canadian Pacific Kansas City | 0.39% | 197,670 | $17.1M | Add +43.1% |
| MU Micron Technology Inc. | 0.39% | 14,810 | $17.1M | Reduce -4.3% |
| CNI Canadian Natl Railway Co. | 0.38% | 141,546 | $16.9M | Add +46.6% |
| GTX Garrett Motion Inc. | 0.38% | 457,397 | $16.6M | Reduce -23.4% |
| KLIC Kulicke & Soffa Industries | 0.37% | 122,200 | $16.3M | Add +5.7% |
| SANM Sanmina Corp. | 0.36% | 62,863 | $15.9M | Reduce -15.5% |
| ENVA Enova International Inc. | 0.36% | 65,411 | $15.7M | Add +5.1% |
| PRLB Proto Labs Inc. | 0.36% | 191,594 | $15.6M | Add +9.9% |
| ENS Enersys | 0.35% | 66,221 | $15.5M | Add +2.0% |
| ARIS Aris Mining Corp. | 0.35% | 1,023,166 | $15.2M | Reduce -1.6% |
| NWPX NWPX Infrastructure Inc. | 0.34% | 99,290 | $14.9M | Add +67.7% |
| BFH Bread Financial Holdings Inc. | 0.34% | 136,600 | $14.8M | Add +6.1% |
| ADPT Adaptive Biotechnologies | 0.33% | 684,217 | $14.7M | Add +9.4% |
| MYRG MYR Group Inc./Delaware | 0.33% | 29,325 | $14.7M | Reduce -10.8% |
| DGII Digi International Inc. | 0.33% | 195,005 | $14.6M | Reduce -2.3% |
| AVGO Broadcom Inc. | 0.33% | 38,554 | $14.6M | Reduce -8.9% |
| DY Dycom Industries Inc. | 0.33% | 28,275 | $14.3M | Add +8.8% |
| ECPG Encore Capital Group Inc. | 0.32% | 152,438 | $14.2M | Add +6.7% |
| FTDR Frontdoor Inc. | 0.31% | 175,960 | $13.7M | Add +9.7% |
| AXSM Axsome Therapeutics Inc. | 0.31% | 55,000 | $13.5M | Add +3.1% |
| NTCT Netscout Systems Inc. | 0.31% | 307,795 | $13.4M | Add +9.7% |
| OPLN Openlane Inc. | 0.30% | 322,560 | $13.3M | Add +27.9% |
| TDC Teradata Corp. | 0.30% | 379,080 | $13.1M | Add +10.1% |
| RCI Rogers Communications Inc. Class B | 0.29% | 395,361 | $12.8M | Reduce -60.1% |
| PHIN Phinia Inc. | 0.29% | 155,920 | $12.8M | Add +9.7% |
| PLXS Plexus Corp. | 0.29% | 42,520 | $12.8M | Reduce -1.9% |
| RNG Ringcentral Inc. Class A | 0.29% | 325,390 | $12.7M | Add +10.7% |
| UFCS United Fire Group Inc. | 0.29% | 241,568 | $12.7M | Add +14.1% |
| BBIO Bridgebio Pharma Inc. | 0.29% | 169,112 | $12.6M | Add +0.8% |
| CTS CTS Corp. | 0.29% | 192,070 | $12.5M | Add +9.1% |
| MXL Maxlinear Inc. | 0.28% | 97,670 | $12.5M | New |
| HCSG Healthcare Services Group | 0.28% | 503,120 | $12.4M | Add +9.0% |
| LFST Lifestance Health Group Inc. | 0.28% | 1,147,200 | $12.3M | New |
| LAUR Laureate Education Inc. | 0.28% | 337,221 | $12.2M | Add +8.4% |
| DK Delek US Holdings Inc. | 0.28% | 238,130 | $12.1M | Add +10.6% |
| HLIT Harmonic Inc. | 0.27% | 735,900 | $12.0M | Add +9.8% |
| MD Pediatrix Medical Group Inc. | 0.27% | 464,340 | $11.8M | Add +0.2% |
| TILE Interface Inc. | 0.27% | 325,913 | $11.7M | Add +5.5% |
| RSI Rush Street Interactive Inc. | 0.27% | 392,500 | $11.7M | Add +8.5% |
| MCRI Monarch Casino & Resort Inc. | 0.27% | 88,500 | $11.6M | Add +9.9% |
| TECK Teck Resources Ltd.-CLS B | 0.26% | 194,600 | $11.6M | Add +27700.0% |
| DBD Diebold Nixdorf Inc. | 0.26% | 135,670 | $11.5M | Add +6.3% |
| PLOW Douglas Dynamics Inc. | 0.26% | 212,310 | $11.5M | Add +8.8% |
| WTS Watts Water Technologies-A | 0.26% | 29,230 | $11.4M | Add +0.5% |
| HLIO Helios Technologies Inc. | 0.26% | 126,040 | $11.2M | Add +11.5% |
| AMRX Amneal Pharmaceuticals Inc. | 0.26% | 649,179 | $11.2M | Reduce -12.7% |
| OVV Ovintiv Inc. | 0.26% | 213,100 | $11.2M | Add +1675.8% |
| LOCO El Pollo Loco Holdings Inc. | 0.25% | 656,096 | $11.1M | Add +12.4% |
| CSTM Constellium SE | 0.25% | 347,600 | $11.1M | Add +9.8% |
| ERO Ero Copper Corp. | 0.25% | 414,995 | $11.1M | Reduce -40.2% |
| EXTR Extreme Networks Inc. | 0.25% | 338,840 | $11.0M | Add +9.8% |
| BLBD Blue Bird Corp. | 0.25% | 138,300 | $10.9M | Add +9.4% |
| FORM Formfactor Inc. | 0.25% | 67,390 | $10.8M | Add +9.2% |
| PARR Par Pacific Holdings Inc. | 0.24% | 187,636 | $10.5M | Reduce -5.7% |
| MRVI Maravai Lifesciences Hldgs-A | 0.24% | 1,682,878 | $10.5M | New |
| WLY Wiley (john) & Sons Class A | 0.24% | 212,980 | $10.3M | Add +179.7% |
Portfolio Sells Q1 2026 → Q2 2026
| MFC Manulife Financial Corp. | Reduce -71.0% | 0.50% | −1.25 |
| KGC Kinross Gold Corp. | Reduce -45.4% | 0.44% | −0.81 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.4% | 1.35% | −0.77 |
| FTS Fortis Inc. | Reduce -36.7% | 0.90% | −0.75 |
| RCI Rogers Communications Inc. Class B | Reduce -60.1% | 0.29% | −0.74 |
| CGAU Centerra Gold Inc. | Reduce -20.9% | 0.92% | −0.64 |
| AG First Majestic Silver Corp. | Reduce -16.9% | 0.54% | −0.44 |
| PAAS Pan American Silver Corp. | Reduce -54.1% | 0.19% | −0.42 |
| B Barrick Mining Corp. | Reduce -1.7% | 1.09% | −0.38 |
| QSR Restaurant Brands Intern | Reduce -35.3% | 0.42% | −0.37 |
| MGA Magna International Inc. | Reduce -27.7% | 0.90% | −0.36 |
| CCJ Cameco Corp. | Reduce -77.3% | 0.08% | −0.35 |
| IAG Iamgold Corp. | Reduce -0.6% | 0.72% | −0.30 |
| CM Can Imperial BK of Commerce | Reduce -10.9% | 2.90% | −0.30 |
| ERO Ero Copper Corp. | Reduce -40.2% | 0.25% | −0.25 |
| FNV Franco-Nevada Corp. | Reduce -72.0% | 0.06% | −0.24 |
| TD Toronto-Dominion Bank | Reduce -15.2% | 2.82% | −0.23 |
| ALNT Allient Inc. | Sold out | 0.00% | −0.22 |
| KTB Kontoor Brands Inc. | Sold out | 0.00% | −0.21 |
| RAMP Liveramp Holdings Inc. | Reduce -99.9% | 0.00% | −0.21 |
| SKYW Skywest Inc. | Sold out | 0.00% | −0.19 |
| FTI Technipfmc PLC | Reduce -85.2% | 0.02% | −0.18 |
| SGHC Super Group SGHC Ltd. | Reduce -95.8% | 0.01% | −0.18 |
| ZUMZ Zumiez Inc. | Sold out | 0.00% | −0.18 |
| ARIS Aris Mining Corp. | Reduce -1.6% | 0.35% | −0.18 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.17 |
| RCKY Rocky Brands Inc. | Sold out | 0.00% | −0.17 |
| BCRX Biocryst Pharmaceuticals Inc. | Sold out | 0.00% | −0.17 |
| ACIW Aci Worldwide Inc. | Sold out | 0.00% | −0.16 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.16 |
| EFXT Enerflex Ltd. | Reduce -5.6% | 2.02% | −0.16 |
| HALO Halozyme Therapeutics Inc. | Reduce -81.3% | 0.04% | −0.16 |
| RNGR Ranger Energy Services Class A | Sold out | 0.00% | −0.15 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.15 |
| BMO Bank of Montreal | Reduce -15.3% | 1.85% | −0.15 |
| GPOR Gulfport Energy Corp. | Sold out | 0.00% | −0.15 |
| HAFC Hanmi Financial Corporation | Sold out | 0.00% | −0.15 |
| CMCO Columbus McKinnon Corp. | Sold out | 0.00% | −0.15 |
| GS Goldman Sachs Group Inc. | Reduce -91.0% | 0.01% | −0.15 |
| DXC DXC Technology Co. | Sold out | 0.00% | −0.14 |
| ROKU Roku Inc. | Reduce -99.7% | 0.00% | −0.14 |
| FSM Fortuna Mining Corp. | Reduce -16.0% | 0.21% | −0.14 |
| BLX Bladex Inc. | Sold out | 0.00% | −0.13 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.13 |
| TCBI Texas Capital Bancshares Inc. | Sold out | 0.00% | −0.13 |
| MS Morgan Stanley | Reduce -85.6% | 0.02% | −0.13 |
| YELP Yelp Inc. | Sold out | 0.00% | −0.13 |
| BDC Belden Inc. | Sold out | 0.00% | −0.13 |
| CRM Salesforce Inc. | Reduce -74.0% | 0.03% | −0.12 |
| ITT Itt Inc. | Sold out | 0.00% | −0.12 |
Portfolio Buys Q1 2026 → Q2 2026
| BB Blackberry Ltd. | New | 0.93% | +0.93 |
| OGC Oceanagold Corp. | New | 0.91% | +0.91 |
| CNQ Canadian Natural Resources | Add +149.9% | 1.75% | +0.72 |
| PBA Pembina Pipeline Corp. | Add +207.0% | 1.09% | +0.68 |
| SU Suncor Energy Inc. | Add +123.8% | 1.94% | +0.67 |
| NTR Nutrien Ltd. | Add +231.4% | 0.84% | +0.48 |
| CVE Cenovus Energy Inc. | Add +91.9% | 1.35% | +0.45 |
| IMO Imperial Oil Ltd. | New | 0.41% | +0.41 |
| ENB Enbridge Inc. | Add +56.6% | 1.71% | +0.41 |
| MXL Maxlinear Inc. | New | 0.28% | +0.28 |
| LFST Lifestance Health Group Inc. | New | 0.28% | +0.28 |
| TECK Teck Resources Ltd.-CLS B | Add +27700.0% | 0.26% | +0.26 |
| MRVI Maravai Lifesciences Hldgs-A | New | 0.24% | +0.24 |
| OVV Ovintiv Inc. | Add +1675.8% | 0.26% | +0.24 |
| MEOH Methanex Corp. | New | 0.23% | +0.23 |
| AMN Amn Healthcare Services Inc. | New | 0.23% | +0.23 |
| BNS Bank of Nova Scotia | Add +4.3% | 2.67% | +0.23 |
| ARCB Arcbest Corp. | New | 0.22% | +0.22 |
| FSTR Foster (lb) Co. Class A | Add +1617.7% | 0.22% | +0.21 |
| NWPX NWPX Infrastructure Inc. | Add +67.7% | 0.34% | +0.21 |
| MDA Mda Space Ltd. | New | 0.21% | +0.21 |
| OFG Ofg Bancorp | New | 0.21% | +0.21 |
| CARE Carter Bankshares Inc. | New | 0.20% | +0.20 |
| NPO Enpro Inc. | New | 0.20% | +0.20 |
| TXG 10X Genomics Inc. Class A | New | 0.19% | +0.19 |
| PRM Perimeter Solutions Inc. | New | 0.18% | +0.18 |
| HOS Hornbeck Offshore Services I | New | 0.18% | +0.18 |
| PANL Pangaea Logistics Solutions | New | 0.18% | +0.18 |
| STNG Scorpio Tankers Inc. | New | 0.17% | +0.17 |
| KLIC Kulicke & Soffa Industries | Add +5.7% | 0.37% | +0.17 |
| UMBF Umb Financial Corp. | Add +2159.3% | 0.17% | +0.16 |
| WLY Wiley (john) & Sons Class A | Add +179.7% | 0.24% | +0.16 |
| ROG Rogers Corp. | Add +1163.0% | 0.16% | +0.15 |
| FSS Federal Signal Corp. | Add +1798.6% | 0.16% | +0.15 |
| BLDP Ballard Power Systems Inc. | New | 0.15% | +0.15 |
| ZWS Zurn Elkay Water Solutions C | Add +1869.2% | 0.16% | +0.15 |
| TRP TC Energy Corp. | Add +75.0% | 0.40% | +0.14 |
| ARVN Arvinas Inc. | New | 0.14% | +0.14 |
| OMCL Omnicell Inc. | New | 0.14% | +0.14 |
| ENVA Enova International Inc. | Add +5.1% | 0.36% | +0.13 |
| OUT Outfront Media Inc. | Add +1525.7% | 0.14% | +0.13 |
| GEV GE Vernova Inc. | Add +177.3% | 0.19% | +0.13 |
| AUPH Aurinia Pharmaceuticals Inc. | Add +162.5% | 0.21% | +0.13 |
| OUST Ouster Inc. | Add +10.7% | 0.19% | +0.13 |
| SII Sprott Inc. | Add +381.0% | 0.18% | +0.13 |
| MOV Movado Group Inc. | New | 0.12% | +0.12 |
| EXTR Extreme Networks Inc. | Add +9.8% | 0.25% | +0.12 |
| MUSA Murphy USA Inc. | New | 0.12% | +0.12 |
| ADNT Adient PLC | New | 0.12% | +0.12 |
| CNI Canadian Natl Railway Co. | Add +46.6% | 0.38% | +0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 647 | $4.4B | RY, CM, TD, BNS, EFXT |
| Q1 2026 | 655 | $3.7B | RY, CM, TD, BNS, EFXT |
| Q4 2025 | 653 | $3.6B | RY, CM, TD, BNS, SHOP |
| Q3 2025 | 636 | $3.3B | RY, CM, TD, SHOP, BNS |
| Q2 2025 | 613 | $2.7B | RY, CM, ENB, SHOP, BMO |
| Q1 2025 | 593 | $2.0B | RY, CM, ENB, BMO, SHOP |
| Q4 2024 | 576 | $2.0B | RY, MFC, ENB, SHOP, CM |
| Q3 2024 | 586 | $1.3B | EGO, CGAU, CLS, PRMW, CM |
| Q2 2024 | 575 | $1.3B | CLS, EGO, PRMW, FSM, CGAU |
| Q1 2024 | 584 | $1.3B | CLS, BHC, DCBO, EGO, MFC |