Silver Heights Capital Management Inc

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Silver Heights Capital Management Inc reported 4 stock positions worth $262.2 million. Its top holding was Iridium Communications (IRDM) at 48.7% of the portfolio, followed by Heico Class A (HEI.A, 31.1%) and Carmax (KMX, 17.0%). Compared with Q1 2025, it added to 3 and reduced 1. The biggest buy was Iridium Communications (IRDM, shares +13%) and the biggest sale Polaris (PII, shares −0%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001705712
Portfolio Value
$262.2M (Q2 2025)
SEC Filing
0001705712-25-000007 ↗ filed Aug 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 Q1 2025 Q2 2025: $262.2M $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 · $262.2M
IRDM Iridium Communications Inc. 48.65% 4,228,263 $127.6M Add +13.4%
HEI.A Heico Corp. Class A 31.07% 314,837 $81.5M Add +0.4%
KMX Carmax Inc. 17.01% 663,689 $44.6M Add +18.9%
PII Polaris Inc. 3.26% 210,575 $8.6M Reduce -0.0%

Portfolio Sells Q1 2025 → Q2 2025
PII Polaris Inc. Reduce -0.0% 3.26% −0.65

Portfolio Buys Q1 2025 → Q2 2025
IRDM Iridium Communications Inc. Add +13.4% 48.65% +2.39
HEI.A Heico Corp. Class A Add +0.4% 31.07% +1.01
KMX Carmax Inc. Add +18.9% 17.01% −2.75

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