Hillsdale Investment Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Hillsdale Investment Management Inc. reported 575 stock positions worth $1.3 billion. Its top holding was Celestica (CLS) at 3.8% of the portfolio, followed by Eldorado Gold (EGO, 3.1%) and Primo Water (PRMW, 2.8%). Compared with Q1 2024, it opened 138 new positions, sold out of 147, added to 112 and reduced 214. The biggest buy was Primo Water (PRMW, shares +237%) and the biggest sale Bausch Health Cos (BHC, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0001368465
- Portfolio Value
- $1.3B (Q2 2024)
- SEC Filing
- 0000950123-24-008175 ↗ filed Aug 13, 2024
Holdings Value
Holdings 575 stocks · $1.3B
| CLS Celestica Inc. | 3.79% | 841,028 | $48.2M | Reduce -14.3% |
| EGO Eldorado Gold Corp. | 3.06% | 2,632,680 | $38.9M | Add +23.1% |
| PRMW Primo Water Corp. | 2.84% | 1,650,331 | $36.1M | Add +237.4% |
| FSM Fortuna Mining Corp. | 2.03% | 5,279,684 | $25.8M | New |
| CGAU Centerra Gold Inc. | 1.99% | 3,760,142 | $25.3M | New |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 1.68% | 449,466 | $21.4M | Reduce -5.0% |
| SU Suncor Energy Inc. | 1.60% | 532,546 | $20.3M | Add +812.4% |
| RY Royal Bank of Canada | 1.56% | 185,974 | $19.8M | Reduce -15.4% |
| MFC Manulife Financial Corp. | 1.42% | 676,960 | $18.0M | Reduce -40.3% |
| TASEKO MINES LTD | 1.40% | 7,200,067 | $17.7M | New |
| LSPD Lightspeed Commerce Inc. | 1.24% | 1,147,400 | $15.7M | New |
| WCN Waste Connections Inc. | 1.12% | 81,119 | $14.2M | Reduce -0.3% |
| SILV Silvercrest Metals Inc. | 1.08% | 1,674,952 | $13.7M | New |
| AEM Agnico Eagle Mines Ltd. | 0.96% | 186,800 | $12.2M | Add +1443.8% |
| IAG Iamgold Corp. | 0.95% | 3,220,355 | $12.1M | New |
| CNQ Canadian Natural Resources | 0.91% | 324,900 | $11.6M | Reduce -4.7% |
| AGI Alamos Gold Inc. Class A | 0.91% | 734,300 | $11.5M | Add +9.5% |
| HBM Hudbay Minerals Inc. | 0.90% | 1,256,700 | $11.4M | New |
| KGC Kinross Gold Corp. | 0.88% | 1,341,800 | $11.2M | New |
| TRI Thomson Reuters Corp. | 0.86% | 65,005 | $11.0M | Add +421.5% |
| STN Stantec Inc. | 0.86% | 130,690 | $10.9M | Reduce -33.3% |
| RBA RB Global Inc. | 0.79% | 132,100 | $10.1M | No change |
| GTE Gran Tierra Energy Inc. | 0.71% | 930,658 | $9.0M | Add +3177.0% |
| CVE Cenovus Energy Inc. | 0.71% | 455,400 | $9.0M | New |
| PBA Pembina Pipeline Corp. | 0.70% | 241,141 | $8.9M | Add +231.7% |
| IMO Imperial Oil Ltd. | 0.67% | 125,300 | $8.5M | Add +1082.1% |
| DCBO Docebo Inc. | 0.66% | 215,908 | $8.3M | Reduce -70.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.66% | 182,117 | $8.3M | Reduce -7.3% |
| WPM Wheaton Precious Metals Corp. | 0.58% | 140,300 | $7.4M | New |
| PNTG The Pennant Group Inc. | 0.52% | 287,062 | $6.7M | Reduce -18.5% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.51% | 106,566 | $6.4M | Reduce -18.3% |
| VITL Vital Farms Inc. | 0.50% | 136,580 | $6.4M | New |
| APPF Appfolio Inc. Class A | 0.50% | 25,990 | $6.4M | Reduce -7.0% |
| ADMA Adma Biologics Inc. | 0.50% | 566,930 | $6.3M | Reduce -10.0% |
| SKYW Skywest Inc. | 0.50% | 77,050 | $6.3M | Reduce -20.1% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.50% | 185,016 | $6.3M | Reduce -8.6% |
| CVLT Commvault Systems Inc. | 0.49% | 51,640 | $6.3M | Reduce -25.6% |
| MEDP Medpace Holdings Inc. | 0.49% | 15,085 | $6.2M | Reduce -3.6% |
| ANF Abercrombie & Fitch Co. Class A | 0.49% | 34,840 | $6.2M | Reduce -27.5% |
| COOP Mr Cooper Group Inc. | 0.48% | 75,420 | $6.1M | Reduce -7.5% |
| BLBD Blue Bird Corp. | 0.48% | 112,200 | $6.0M | Reduce -22.0% |
| TFPM Triple Flag Precious Met | 0.48% | 388,900 | $6.0M | New |
| BV Brightview Holdings Inc. | 0.47% | 448,800 | $6.0M | Reduce -5.7% |
| APOG Apogee Enterprises Inc. | 0.47% | 94,436 | $5.9M | Reduce -4.0% |
| OVV Ovintiv Inc. | 0.47% | 126,100 | $5.9M | Add +870.0% |
| BCO The Brink's Co. | 0.47% | 57,670 | $5.9M | Reduce -3.5% |
| AGYS Agilysys Inc. | 0.46% | 56,038 | $5.8M | Reduce -3.5% |
| ACIW Aci Worldwide Inc. | 0.46% | 147,340 | $5.8M | Reduce -3.9% |
| SPSC SPS Commerce Inc. | 0.45% | 30,230 | $5.7M | Reduce -3.5% |
| HALO Halozyme Therapeutics Inc. | 0.45% | 108,400 | $5.7M | Reduce -4.0% |
| DUOL Duolingo | 0.43% | 26,230 | $5.5M | Reduce -3.6% |
| BPMC Blueprint Medicines Corp. | 0.43% | 50,270 | $5.4M | Reduce -6.0% |
| EPAC Enerpac Tool Group Corp. | 0.42% | 140,600 | $5.4M | Reduce -4.2% |
| BBSI Barrett Business SVCS Inc. | 0.42% | 163,680 | $5.4M | Reduce -3.6% |
| USAP Universal Stainless & Alloy | 0.42% | 195,240 | $5.3M | Reduce -5.1% |
| HIMS Hims & Hers Health Inc. | 0.42% | 263,300 | $5.3M | Reduce -6.8% |
| CRDO Credo Technology Group Holdi | 0.41% | 163,800 | $5.2M | Reduce -3.5% |
| LNTH Lantheus Holdings Inc. | 0.41% | 64,800 | $5.2M | Reduce -2.9% |
| URBN Urban Outfitters Inc. | 0.41% | 126,120 | $5.2M | Reduce -3.8% |
| JILL J. Jill Inc. | 0.40% | 146,500 | $5.1M | Add +8.8% |
| HSTM Healthstream Inc. | 0.40% | 180,881 | $5.0M | Reduce -4.2% |
| SPNS Sapiens International Corp. | 0.39% | 147,300 | $5.0M | Reduce -4.0% |
| VERX Vertex Inc. Class A | 0.39% | 137,982 | $5.0M | Reduce -3.3% |
| LAUR Laureate Education Inc. | 0.39% | 332,621 | $5.0M | Reduce -13.9% |
| MSFT Microsoft Corp. | 0.39% | 11,055 | $4.9M | Add +8.6% |
| VCEL Vericel Corp. | 0.38% | 106,389 | $4.9M | Reduce -11.1% |
| ARLO Arlo Technologies Inc. | 0.38% | 367,682 | $4.8M | Reduce -3.9% |
| LYTS Lsi Industries Inc. | 0.38% | 330,053 | $4.8M | Reduce -3.9% |
| AAPL Apple Inc. | 0.37% | 22,469 | $4.7M | Add +0.7% |
| POWL Powell Industries Inc. | 0.37% | 32,764 | $4.7M | Reduce -13.8% |
| OSCR Oscar Health Inc. Class A | 0.37% | 296,560 | $4.7M | Reduce -23.4% |
| BOX Box Inc. Class A | 0.37% | 176,650 | $4.7M | Reduce -4.2% |
| SFM Sprouts Farmers Market Inc. | 0.37% | 55,400 | $4.6M | New |
| ADUS Addus Homecare Corp. | 0.36% | 39,586 | $4.6M | Reduce -3.9% |
| RAMP Liveramp Holdings Inc. | 0.36% | 148,480 | $4.6M | Reduce -3.8% |
| YELP Yelp Inc. | 0.36% | 122,626 | $4.5M | Reduce -4.1% |
| NVDA Nvidia Corp. | 0.36% | 36,510 | $4.5M | Add +1.3% |
| SHOP Shopify Inc. Class A | 0.35% | 67,550 | $4.5M | Reduce -72.8% |
| AMSC American Superconductor Corp. | 0.35% | 190,250 | $4.4M | Add +1583.6% |
| MMS Maximus Inc. | 0.35% | 51,870 | $4.4M | Reduce -3.8% |
| ABM Abm Industries Inc. | 0.35% | 87,500 | $4.4M | Reduce -3.3% |
| VRN Veren Inc. | 0.34% | 553,400 | $4.4M | Add +214.3% |
| KBH KB Home | 0.34% | 62,100 | $4.4M | New |
| ZETA Zeta Global Holdings Corp. Class A | 0.34% | 245,650 | $4.3M | New |
| BECN Beacon Roofing Supply Inc. | 0.34% | 47,770 | $4.3M | Reduce -9.3% |
| LOCO El Pollo Loco Holdings Inc. | 0.34% | 382,196 | $4.3M | New |
| ENB Enbridge Inc. | 0.34% | 120,727 | $4.3M | Add +1.3% |
| MTX Minerals Technologies Inc. | 0.34% | 51,480 | $4.3M | Add +64250.0% |
| RXST Rxsight Inc. | 0.33% | 70,030 | $4.2M | Reduce -8.0% |
| SM SM Energy Co. | 0.33% | 96,600 | $4.2M | Reduce -4.1% |
| MUR Murphy Oil Corp. | 0.33% | 100,700 | $4.2M | New |
| ZIMV Zimvie Inc. | 0.33% | 227,100 | $4.1M | New |
| EEMS iShares MSCI Emerging MKT SM | 0.33% | 67,640 | $4.1M | Reduce -67.8% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.32% | 59,300 | $4.0M | New |
| SMPL The Simply Good Foods Co. | 0.32% | 111,900 | $4.0M | Reduce -5.9% |
| TNK Teekay Tankers Ltd. Class A | 0.32% | 58,227 | $4.0M | Reduce -36.9% |
| GOOGL Alphabet Inc. Class A | 0.31% | 21,840 | $4.0M | Add +11.3% |
| REZI Resideo Technologies Inc. | 0.31% | 202,800 | $4.0M | Reduce -3.9% |
| ACA Arcosa Inc. | 0.31% | 47,370 | $4.0M | Add +67571.4% |
| GHM Graham Corp. | 0.31% | 140,172 | $3.9M | Reduce -5.3% |
Portfolio Sells Q1 2024 → Q2 2024
| BHC Bausch Health Cos Inc. | Reduce -86.4% | 0.25% | −2.60 |
| DCBO Docebo Inc. | Reduce -70.8% | 0.66% | −2.20 |
| NOA North American Construction | Sold out | 0.00% | −1.48 |
| SHOP Shopify Inc. Class A | Reduce -72.8% | 0.35% | −1.17 |
| QSR Restaurant Brands Intern | Reduce -99.9% | 0.00% | −0.83 |
| SLF Sun Life Financial Inc. | Reduce -94.5% | 0.04% | −0.83 |
| MFC Manulife Financial Corp. | Reduce -40.3% | 1.42% | −0.82 |
| GIB Cgi Inc. | Reduce -96.4% | 0.03% | −0.81 |
| BN Brookfield Corp. | Reduce -76.0% | 0.23% | −0.73 |
| RCI Rogers Communications Inc. Class B | Reduce -99.4% | 0.00% | −0.73 |
| EEMS iShares MSCI Emerging MKT SM | Reduce -67.8% | 0.33% | −0.65 |
| FSV Firstservice Corp. | Reduce -99.9% | 0.00% | −0.65 |
| OTEX Open Text Corp. | Reduce -99.4% | 0.00% | −0.64 |
| CP Canadian Pacific Kansas City | Reduce -74.0% | 0.19% | −0.63 |
| ENSG The Ensign Group Inc. | Sold out | 0.00% | −0.53 |
| PBH Prestige Consumer Healthcare | Sold out | 0.00% | −0.48 |
| OPCH Option Care Health Inc. | Reduce -99.9% | 0.00% | −0.43 |
| STN Stantec Inc. | Reduce -33.3% | 0.86% | −0.42 |
| ALPN Alpine Immune Sciences Inc. | Sold out | 0.00% | −0.42 |
| SQSP Squarespace Inc. Class A | Sold out | 0.00% | −0.42 |
| OVERSEAS SHIPHOLDING GROUP-A | Sold out | 0.00% | −0.41 |
| MYE Myers Industries Inc. | Reduce -99.0% | 0.00% | −0.40 |
| ALKS Alkermes PLC | Sold out | 0.00% | −0.40 |
| PRDO Perdoceo Education Corp. | Sold out | 0.00% | −0.39 |
| OSIS Osi Systems Inc. | Reduce -99.9% | 0.00% | −0.38 |
| COCO The Vita Coco Co. Inc. | Sold out | 0.00% | −0.38 |
| INVA Innoviva Inc. | Sold out | 0.00% | −0.38 |
| CVNA Carvana Co. | Reduce -99.8% | 0.00% | −0.37 |
| ANIP Ani Pharmaceuticals Inc. | Reduce -99.9% | 0.00% | −0.37 |
| NATR Natures Sunshine Prods Inc. | Sold out | 0.00% | −0.35 |
| IRMD Iradimed Corp. | Sold out | 0.00% | −0.34 |
| CNI Canadian Natl Railway Co. | Reduce -59.8% | 0.19% | −0.34 |
| AHCO Adapthealth Corp. | Sold out | 0.00% | −0.34 |
| AMRX Amneal Pharmaceuticals Inc. | Sold out | 0.00% | −0.34 |
| CMPR Cimpress PLC | Sold out | 0.00% | −0.34 |
| ACH Accendra Health Inc. | Sold out | 0.00% | −0.33 |
| AGS Playags Inc. | Reduce -99.7% | 0.00% | −0.32 |
| FRSH Freshworks Inc. Class A | Sold out | 0.00% | −0.31 |
| TRS Trimas Corp. | Sold out | 0.00% | −0.31 |
| BRZE Braze Inc. Class A | Sold out | 0.00% | −0.31 |
| RPD RAPID7 Inc. | Sold out | 0.00% | −0.30 |
| CMCO Columbus McKinnon Corp. | Sold out | 0.00% | −0.30 |
| SPOK Spok Holdings Inc. | Sold out | 0.00% | −0.30 |
| VRA Vera Bradley Inc. | Sold out | 0.00% | −0.30 |
| MDXG Mimedx Group Inc. | Reduce -99.8% | 0.00% | −0.30 |
| SLCA US Silica Holdings Inc. | Reduce -99.8% | 0.00% | −0.29 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.29 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.28 |
| CRVL Corvel Corp. | Sold out | 0.00% | −0.28 |
| BBW Build-A-Bear Workshop Inc. | Sold out | 0.00% | −0.27 |
Portfolio Buys Q1 2024 → Q2 2024
| PRMW Primo Water Corp. | Add +237.4% | 2.84% | +2.14 |
| FSM Fortuna Mining Corp. | New | 2.03% | +2.03 |
| CGAU Centerra Gold Inc. | New | 1.99% | +1.99 |
| SU Suncor Energy Inc. | Add +812.4% | 1.60% | +1.43 |
| TASEKO MINES LTD | New | 1.40% | +1.40 |
| LSPD Lightspeed Commerce Inc. | New | 1.24% | +1.24 |
| SILV Silvercrest Metals Inc. | New | 1.08% | +1.08 |
| IAG Iamgold Corp. | New | 0.95% | +0.95 |
| AEM Agnico Eagle Mines Ltd. | Add +1443.8% | 0.96% | +0.91 |
| HBM Hudbay Minerals Inc. | New | 0.90% | +0.90 |
| KGC Kinross Gold Corp. | New | 0.88% | +0.88 |
| TRI Thomson Reuters Corp. | Add +421.5% | 0.86% | +0.71 |
| CVE Cenovus Energy Inc. | New | 0.71% | +0.71 |
| GTE Gran Tierra Energy Inc. | Add +3177.0% | 0.71% | +0.69 |
| EGO Eldorado Gold Corp. | Add +23.1% | 3.06% | +0.69 |
| IMO Imperial Oil Ltd. | Add +1082.1% | 0.67% | +0.62 |
| WPM Wheaton Precious Metals Corp. | New | 0.58% | +0.58 |
| VITL Vital Farms Inc. | New | 0.50% | +0.50 |
| PBA Pembina Pipeline Corp. | Add +231.7% | 0.70% | +0.50 |
| TFPM Triple Flag Precious Met | New | 0.48% | +0.48 |
| OVV Ovintiv Inc. | Add +870.0% | 0.47% | +0.41 |
| SFM Sprouts Farmers Market Inc. | New | 0.37% | +0.37 |
| KBH KB Home | New | 0.34% | +0.34 |
| ZETA Zeta Global Holdings Corp. Class A | New | 0.34% | +0.34 |
| LOCO El Pollo Loco Holdings Inc. | New | 0.34% | +0.34 |
| AMSC American Superconductor Corp. | Add +1583.6% | 0.35% | +0.34 |
| MTX Minerals Technologies Inc. | Add +64250.0% | 0.34% | +0.34 |
| MUR Murphy Oil Corp. | New | 0.33% | +0.33 |
| ZIMV Zimvie Inc. | New | 0.33% | +0.33 |
| CVSA Covista Inc. | New | 0.32% | +0.32 |
| ACA Arcosa Inc. | Add +67571.4% | 0.31% | +0.31 |
| STNG Scorpio Tankers Inc. | New | 0.31% | +0.31 |
| AZZ Azz Inc. | New | 0.31% | +0.31 |
| STGW Stagwell Inc. | New | 0.31% | +0.31 |
| SHOE Shoe Station Group Inc. | New | 0.31% | +0.31 |
| KRYS Krystal Biotech Inc. | New | 0.30% | +0.30 |
| DBD Diebold Nixdorf Inc. | New | 0.30% | +0.30 |
| TWST Twist Bioscience Corp. | New | 0.30% | +0.30 |
| INSM Insmed Inc. | New | 0.30% | +0.30 |
| STRA Strategic Education Inc. | Add +57000.0% | 0.30% | +0.30 |
| APEI American Public Education | Add +2137.1% | 0.31% | +0.30 |
| OSG Octave Specialty Group Inc. | New | 0.29% | +0.29 |
| FTDR Frontdoor Inc. | Add +69093.8% | 0.29% | +0.29 |
| SMIN iShares MSCI India Small-Cap | New | 0.29% | +0.29 |
| MYGN Myriad Genetics Inc. | New | 0.29% | +0.29 |
| MWA Mueller Water Products Inc. Class A | New | 0.29% | +0.29 |
| TPH Tri Pointe Homes Inc. | New | 0.29% | +0.29 |
| ASPN Aspen Aerogels Inc. | New | 0.29% | +0.29 |
| VRNT Verint Systems Inc. | New | 0.29% | +0.29 |
| FUL H.B. Fuller Co. | Add +59000.0% | 0.29% | +0.29 |
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 |