Timelo Investment Management Inc. In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Timelo Investment Management Inc. reported 29 stock positions worth $64.5 million . Its top holding was Profound Medical (PROF) at 11.3% of the portfolio, followed by Keurig Dr Pepper (KDP, 9.0% ) and Enerflex (EFXT, 7.7% ). Compared with Q4 2023, it opened 16 new positions, sold out of 8, added to 8 and reduced 3. The biggest buy was a new position in Keurig Dr Pepper (KDP) and the biggest sale Altimmune (ALT, shares −64% ).
Location Aurora, A6
CIK 0001851296
Portfolio Value $64.5M (Q1 2024) Holdings 29 stocks · $64.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 PROF Profound Medical Corp. 855,846 $7.3M Add +39.9% KDP Keurig Dr Pepper Inc. 190,000 $5.8M New EFXT Enerflex Ltd. 853,790 $5.0M New RCI Rogers Communications Inc. Class B 100,000 $4.1M Add +20.5% BTE Baytex Energy Corp. 870,000 $3.2M Add +135.1% TRP TC Energy Corp. 75,000 $3.0M Add +36.4% VET Vermilion Energy Inc. 241,400 $3.0M Add +59.5% ALT Altimmune Inc. 294,095 $3.0M Reduce -63.6% NTR Nutrien Ltd. 55,000 $3.0M Add +37.5% CVE Cenovus Energy Inc. 140,000 $2.8M New TD Toronto-Dominion Bank 45,000 $2.7M New CROX Crocs Inc. 15,000 $2.2M Add +114.3% CNC Centene Corp. 25,000 $2.0M No change TU Telus Corp. 120,000 $1.9M New ADM Archer-Daniels-Midland Co. 30,000 $1.9M New JBHT Hunt (jb) Transprt SVCS Inc. 9,000 $1.8M New CTVA Corteva Inc. 31,000 $1.8M New GRP.U Granite Real Estate Investme 28,991 $1.7M New CRON Cronos Group Inc. 530,000 $1.4M New BBUC Brookfield Business Class A 42,800 $1.0M Add +85.3% ERF Enerplus Corp. 49,800 $979K New IPWR Ideal Power Inc. 100,000 $890K New CGTX Cognition Therapeutics Inc. 480,681 $875K New MO Altria Group Inc. 20,000 $872K No change BCE Bce Inc. 20,000 $680K Reduce -63.6% ZETA Zeta Global Holdings Corp. Class A 50,000 $547K New ALB Albemarle Corp. 4,000 $527K New MIDD Middleby Corp. 3,000 $482K Reduce -86.4% MODULAR MED INC 124,500 $230K New
Options reported separately and not counted above: SPY puts ($141.2M), QQQ puts ($26.6M), WMT puts ($22.3M), NVO puts ($5.1M), AAPL puts ($3.4M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ ALT Altimmune Inc. Reduce -63.6% 4.64% −14.85 WGHTQ WW International Inc. Sold out 0.00% −14.05 MIDD Middleby Corp. Reduce -86.4% 0.75% −6.18 BCE Bce Inc. Reduce -63.6% 1.05% −3.58 CRESCENT PT ENERGY CORP Sold out 0.00% −2.52 TFII Tfi International Inc. Sold out 0.00% −2.33 ERO Ero Copper Corp. Sold out 0.00% −2.11 UBER Uber Technologies Inc. Sold out 0.00% −1.75 ABNB Airbnb Inc. Class A Sold out 0.00% −1.46 BIPC Brookfield Infrastructure-A Sold out 0.00% −0.98 OSISKO DEVELOPMENT CORP Sold out 0.00% −0.08
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ KDP Keurig Dr Pepper Inc. New 9.03% +9.03 EFXT Enerflex Ltd. New 7.71% +7.71 CVE Cenovus Energy Inc. New 4.34% +4.34 TD Toronto-Dominion Bank New 4.21% +4.21 TU Telus Corp. New 2.98% +2.98 ADM Archer-Daniels-Midland Co. New 2.92% +2.92 JBHT Hunt (jb) Transprt SVCS Inc. New 2.78% +2.78 CTVA Corteva Inc. New 2.77% +2.77 GRP.U Granite Real Estate Investme New 2.57% +2.57 BTE Baytex Energy Corp. Add +135.1% 4.89% +2.26 CRON Cronos Group Inc. New 2.14% +2.14 CROX Crocs Inc. Add +114.3% 3.34% +1.94 ERF Enerplus Corp. New 1.52% +1.52 IPWR Ideal Power Inc. New 1.38% +1.38 CGTX Cognition Therapeutics Inc. New 1.36% +1.36 ZETA Zeta Global Holdings Corp. Class A New 0.85% +0.85 ALB Albemarle Corp. New 0.82% +0.82 VET Vermilion Energy Inc. Add +59.5% 4.65% +0.74 BBUC Brookfield Business Class A Add +85.3% 1.60% +0.45 MODULAR MED INC New 0.36% +0.36 PROF Profound Medical Corp. Add +39.9% 11.31% +0.19 TRP TC Energy Corp. Add +36.4% 4.67% +0.07 NTR Nutrien Ltd. Add +37.5% 4.63% −0.20 RCI Rogers Communications Inc. Class B Add +20.5% 6.35% −1.97
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 270,000 $141.2M APPLE INC put Sold out 180,000 $34.7Mbefore exit QQQ Invesco QQQ Trust Series 1 put New 60,000 $26.6M STATE STR SPDR S&P 500 ETF T put Sold out 50,000 $23.8Mbefore exit WMT Walmart Inc. put New 370,000 $22.3M CANADIAN NAT RES LTD put Sold out 120,000 $7.9Mbefore exit NVO Novo-Nordisk A/S-Spons ADR put New 40,000 $5.1M AAPL Apple Inc. put New 20,000 $3.4M WALMART INC put Sold out 10,000 $1.6Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 44 $80.0M PROF, CIGI, MOH, BAX, CAE Q1 2026 45 $73.0M PROF, TLT, WMT, BKD, MSFT Q4 2025 44 $94.2M TU, PROF, EFXT, ELV, ITRN Q3 2025 39 $60.3M IREN, ITRN, BTI, ELV, NOA Q2 2025 19 $28.9M TLT, PROF, SHY, EFXT, BCE Q1 2025 6 $22.8M TLT, PROF, SHY, UBER, INTC Q4 2024 11 $44.5M SHY, TLT, PROF, TAC, RCI Q3 2024 10 $40.5M SHY, TAC, PROF, CVE, CROX Q2 2024 21 $49.7M SHY, PROF, BTE, XPOF, RCI Q1 2024 29 $64.5M PROF, KDP, EFXT, RCI, BTE