Silver Heights Capital Management Inc

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Silver Heights Capital Management Inc reported 4 stock positions worth $260.2 million. Its top holding was Iridium Communications (IRDM) at 54.9% of the portfolio, followed by Heico Class A (HEI.A, 16.2%) and Carmax (KMX, 14.7%). Compared with Q4 2025, it sold out of 1, added to 1 and reduced 3. The biggest buy was Adobe (ADBE, shares +57%) and the biggest sale Heico Class A (HEI.A, shares −35%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001705712
Portfolio Value
$260.2M (Q1 2026)
SEC Filing
0001705712-26-000010 ↗ filed May 13, 2026

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 Q2 2025 Q3 2025: $223.0M Q3 2025 Q4 2025: $252.1M Q4 2025 Q1 2026: $260.2M $260.2M Q1 2026 Q2 2026: $324.1M Q2 2026

Holdings 4 stocks · $260.2M
IRDM Iridium Communications Inc. 54.85% 5,145,479 $142.7M Reduce -2.0%
HEI.A Heico Corp. Class A 16.17% 199,351 $42.1M Reduce -34.9%
KMX Carmax Inc. 14.66% 917,698 $38.2M Reduce -1.4%
ADBE Adobe Inc. 14.31% 153,178 $37.2M Add +56.6%

Portfolio Sells Q4 2025 → Q1 2026
HEI.A Heico Corp. Class A Reduce -34.9% 16.17% −14.48
PII Polaris Inc. Sold out 0.00% −5.28
KMX Carmax Inc. Reduce -1.4% 14.66% +0.39
IRDM Iridium Communications Inc. Reduce -2.0% 54.85% +18.65

Portfolio Buys Q4 2025 → Q1 2026
ADBE Adobe Inc. Add +56.6% 14.31% +0.72

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