Silver Heights Capital Management Inc

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Silver Heights Capital Management Inc reported 4 stock positions worth $224.9 million. Its top holding was Iridium Communications (IRDM) at 47.9% of the portfolio, followed by Heico Class A (HEI.A, 26.1%) and Carmax (KMX, 20.6%). Compared with Q3 2024, it sold out of 1, added to 1 and reduced 3. The biggest buy was Heico Class A (HEI.A, shares +0%) and the biggest sale Polaris (PII, shares −0%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001705712
Portfolio Value
$224.9M (Q4 2024)
SEC Filing
0001705712-25-000002 ↗ filed Feb 13, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $253.2M Q1 2024 Q2 2024: $236.9M Q2 2024 Q3 2024: $239.1M Q3 2024 Q4 2024: $224.9M $224.9M Q4 2024 Q1 2025: $220.1M Q1 2025 Q2 2025: $262.2M Q2 2025 Q3 2025: $223.0M Q3 2025 Q4 2025: $252.1M Q4 2025 Q1 2026: $260.2M Q1 2026 Q2 2026: $324.1M Q2 2026

Holdings 4 stocks · $224.9M
IRDM Iridium Communications Inc. 47.95% 3,715,471 $107.8M Reduce -0.3%
HEI.A Heico Corp. Class A 26.14% 315,888 $58.8M Add +0.3%
KMX Carmax Inc. 20.56% 565,597 $46.2M Reduce -0.3%
PII Polaris Inc. 5.35% 208,974 $12.0M Reduce -0.0%

Portfolio Sells Q3 2024 → Q4 2024
PII Polaris Inc. Reduce -0.0% 5.35% −1.92
SRCL Stericycle Inc. Sold out 0.00% −0.08
IRDM Iridium Communications Inc. Reduce -0.3% 47.95% +0.50
KMX Carmax Inc. Reduce -0.3% 20.56% +2.20

Portfolio Buys Q3 2024 → Q4 2024
HEI.A Heico Corp. Class A Add +0.3% 26.14% −0.70

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$324.1MIRDM, HEI.A, KMX, ADBE
Q1 2026 4$260.2MIRDM, HEI.A, KMX, ADBE
Q4 2025 5$252.1MIRDM, HEI.A, KMX, ADBE, PII
Q3 2025 4$223.0MIRDM, HEI.A, KMX, PII
Q2 2025 4$262.2MIRDM, HEI.A, KMX, PII
Q1 2025 4$220.1MIRDM, HEI.A, KMX, PII
Q4 2024 4$224.9MIRDM, HEI.A, KMX, PII
Q3 2024 5$239.1MIRDM, HEI.A, KMX, PII, SRCL
Q2 2024 5$236.9MIRDM, HEI.A, KMX, SRCL, PII
Q1 2024 5$253.2MIRDM, HEI.A, KMX, SRCL, PII