Timelo Investment Management Inc. In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Timelo Investment Management Inc. reported 19 stock positions worth $28.9 million . Its top holding was iShares 20+ Year Treasury BD (TLT) at 29.0% of the portfolio, followed by Profound Medical (PROF, 17.1% ) and iShares 1-3 Year Treasury Bo (SHY, 14.9% ). Compared with Q1 2025, it opened 16 new positions, sold out of 3, added to 1 and reduced 1. The biggest buy was a new position in Enerflex (EFXT) and the biggest sale an exit from Uber Technologies (UBER).
Location Aurora, A6
CIK 0001851296
Portfolio Value $28.9M (Q2 2025) Holdings 19 stocks · $28.9M 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 Q1 2025 TLT iShares 20+ Year Treasury BD 95,000 $8.4M Add +5.6% PROF Profound Medical Corp. 840,656 $5.0M Reduce -15.2% SHY iShares 1-3 Year Treasury Bo 52,100 $4.3M No change EFXT Enerflex Ltd. 258,700 $2.0M New BCE Bce Inc. 50,000 $1.1M New RCI Rogers Communications Inc. Class B 37,000 $1.1M New ANF Abercrombie & Fitch Co. Class A 13,000 $1.1M New UNH Unitedhealth Group Inc. 3,000 $936K New DECK Deckers Outdoor Corp. 8,000 $825K New TAC Transalta Corp. 60,000 $647K New GAP The Gap Inc. 29,000 $632K New PACHU Pioneer Acquisition I Corp. 60,000 $600K New OBAWU Oxley Bridge Acquisition Ltd. 50,000 $501K New PENG Penguin Solutions Inc. 25,000 $495K New HYMC Hycroft Mining Holding Co. Class A 150,258 $470K New NFGC New Found Gold Corp. 179,000 $254K New FIGXU Figx Capital Acquisition Cor 25,000 $250K New NOA North American Construction 15,456 $247K New CAEP Cantor Equity Partners III-A 10,000 $106K New
Options reported separately and not counted above: SPY puts ($43.2M), AAPL puts ($2.1M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $0 (not counted above) Security Class Shares / Principal Value Change HYMCL Hycroft Mining Holding -CW25 *W EXP 10/06/202 150,000 $0 New
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ UBER Uber Technologies Inc. Sold out 0.00% −11.82 PROF Profound Medical Corp. Reduce -15.2% 17.13% −8.16 INTC Intel Corp. Sold out 0.00% −4.98 ROKU Roku Inc. Sold out 0.00% −3.09
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ EFXT Enerflex Ltd. New 7.05% +7.05 BCE Bce Inc. New 3.83% +3.83 RCI Rogers Communications Inc. Class B New 3.79% +3.79 ANF Abercrombie & Fitch Co. Class A New 3.72% +3.72 UNH Unitedhealth Group Inc. New 3.23% +3.23 DECK Deckers Outdoor Corp. New 2.85% +2.85 TAC Transalta Corp. New 2.24% +2.24 GAP The Gap Inc. New 2.18% +2.18 PACHU Pioneer Acquisition I Corp. New 2.07% +2.07 OBAWU Oxley Bridge Acquisition Ltd. New 1.73% +1.73 PENG Penguin Solutions Inc. New 1.71% +1.71 HYMC Hycroft Mining Holding Co. Class A New 1.62% +1.62 NFGC New Found Gold Corp. New 0.88% +0.88 FIGXU Figx Capital Acquisition Cor New 0.86% +0.86 NOA North American Construction New 0.85% +0.85 CAEP Cantor Equity Partners III-A New 0.36% +0.36 TLT iShares 20+ Year Treasury BD Add +5.6% 28.96% −6.96
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +250.0% 70,000 $43.2M AAPL Apple Inc. put New 10,000 $2.1M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ HYMCL Hycroft Mining Holding -CW25 *W EXP 10/06/202 New 150,000 $0
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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