Silver Heights Capital Management Inc

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Silver Heights Capital Management Inc reported 4 stock positions worth $220.1 million. Its top holding was Iridium Communications (IRDM) at 46.3% of the portfolio, followed by Heico Class A (HEI.A, 30.1%) and Carmax (KMX, 19.8%). Compared with Q4 2024, it added to 2 and reduced 2. The biggest buy was Polaris (PII, shares +1%) and the biggest sale Carmax (KMX, shares −1%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001705712
Portfolio Value
$220.1M (Q1 2025)
SEC Filing
0001705712-25-000004 ↗ filed May 14, 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 Q4 2024 Q1 2025: $220.1M $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 · $220.1M
IRDM Iridium Communications Inc. 46.26% 3,726,863 $101.8M Add +0.3%
HEI.A Heico Corp. Class A 30.06% 313,589 $66.2M Reduce -0.7%
KMX Carmax Inc. 19.76% 558,265 $43.5M Reduce -1.3%
PII Polaris Inc. 3.92% 210,591 $8.6M Add +0.8%

Portfolio Sells Q4 2024 → Q1 2025
KMX Carmax Inc. Reduce -1.3% 19.76% −0.80
HEI.A Heico Corp. Class A Reduce -0.7% 30.06% +3.92

Portfolio Buys Q4 2024 → Q1 2025
PII Polaris Inc. Add +0.8% 3.92% −1.44
IRDM Iridium Communications Inc. Add +0.3% 46.26% −1.68

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