Timelo Investment Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Timelo Investment Management Inc. reported 39 stock positions worth $60.3 million. Its top holding was Iren (IREN) at 9.9% of the portfolio, followed by Ituran Location and Control (ITRN, 7.3%) and British American Tob-SP ADR (BTI, 7.2%). Compared with Q2 2025, it opened 28 new positions, sold out of 8, added to 3 and reduced 4. The biggest buy was a new position in Iren (IREN) and the biggest sale an exit from iShares 20+ Year Treasury BD (TLT).
- Most Recent 13F
- Q2 2026
- Location
- Aurora, A6
- CIK
- 0001851296
- Portfolio Value
- $60.3M (Q3 2025)
- SEC Filing
- 0000919574-25-006607 ↗ filed Nov 13, 2025
Holdings Value
Holdings 39 stocks · $60.3M
| IREN Iren Ltd. filed as IREN LIMITED | 9.89% | 127,000 | $6.0M | New |
| ITRN Ituran Location and Control | 7.29% | 123,000 | $4.4M | New |
| BTI British American Tob-SP ADR | 7.22% | 82,000 | $4.4M | New |
| ELV Elevance Health Inc. | 7.06% | 14,000 | $4.3M | New |
| NOA North American Construction | 6.49% | 275,456 | $3.9M | Add +1682.2% |
| PROF Profound Medical Corp. | 4.90% | 603,539 | $3.0M | Reduce -28.2% |
| PTON Peloton Interactive Inc. Class A | 4.85% | 325,000 | $2.9M | New |
| RGLD Royal Gold Inc. | 3.99% | 12,000 | $2.4M | New |
| BAX Baxter International Inc. | 3.85% | 102,000 | $2.3M | New |
| GIL Gildan Activewear Inc. | 3.84% | 40,000 | $2.3M | New |
| SHY iShares 1-3 Year Treasury Bo | 3.73% | 27,100 | $2.2M | Reduce -48.0% |
| BCE Bce Inc. | 3.69% | 95,000 | $2.2M | Add +90.0% |
| EFXT Enerflex Ltd. | 3.20% | 178,700 | $1.9M | Reduce -30.9% |
| DECK Deckers Outdoor Corp. | 2.69% | 16,000 | $1.6M | Add +100.0% |
| BROS Dutch Bros Inc. Class A | 2.43% | 28,000 | $1.5M | New |
| LULU Lululemon Athletica Inc. | 2.36% | 8,000 | $1.4M | New |
| GIB Cgi Inc. | 2.22% | 15,000 | $1.3M | New |
| AZ A2Z CUST2MATE Solutions Corp. | 2.19% | 165,000 | $1.3M | New |
| EAT Brinker International Inc. | 2.10% | 10,000 | $1.3M | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.04% | 12,000 | $1.2M | New |
| RCI Rogers Communications Inc. Class B | 2.00% | 35,000 | $1.2M | Reduce -5.4% |
| CMG Chipotle Mexican Grill Inc. | 1.95% | 30,000 | $1.2M | New |
| CP Canadian Pacific Kansas City | 1.24% | 10,000 | $745K | New |
| CNQ Canadian Natural Resources | 1.06% | 20,000 | $639K | New |
| CIFR Cipher Digital Inc. | 1.04% | 50,000 | $630K | New |
| TFII Tfi International Inc. | 1.02% | 7,000 | $616K | New |
| PACHU Pioneer Acquisition I Corp. | 1.00% | 60,000 | $603K | No change |
| WING Wingstop Inc. | 0.84% | 2,000 | $503K | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.83% | 50,000 | $502K | No change |
| VET Vermilion Energy Inc. | 0.65% | 50,000 | $391K | New |
| GAU Galiano Gold Inc. | 0.45% | 125,000 | $274K | New |
| CNH CNH Industrial NV | 0.45% | 25,000 | $271K | New |
| FIGXU Figx Capital Acquisition Cor | 0.42% | 25,000 | $252K | No change |
| SPT Sprout Social Inc. Class A | 0.21% | 10,000 | $129K | New |
| FCRS.U Futurecrest Acquisition Corp. | 0.18% | 10,000 | $106K | New |
| CAEP Cantor Equity Partners III-A | 0.17% | 10,000 | $103K | No change |
| MBVIU M3-Brigade Acquisition Vi Co. | 0.17% | 10,000 | $101K | New |
| ETHZILLA CORPORATION | 0.16% | 40,000 | $96K | New |
| VFF Village Farms International | 0.10% | 20,000 | $63K | New |
Options reported separately and not counted above: SPY puts ($206.5M).
Portfolio Sells Q2 2025 → Q3 2025
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −28.96 |
| PROF Profound Medical Corp. | Reduce -28.2% | 4.90% | −12.24 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -48.0% | 3.73% | −11.18 |
| EFXT Enerflex Ltd. | Reduce -30.9% | 3.20% | −3.85 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −3.72 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −3.23 |
| TAC Transalta Corp. | Sold out | 0.00% | −2.24 |
| GAP The Gap Inc. | Sold out | 0.00% | −2.18 |
| RCI Rogers Communications Inc. Class B | Reduce -5.4% | 2.00% | −1.79 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −1.71 |
| HYMC Hycroft Mining Holding Co. Class A | Sold out | 0.00% | −1.62 |
| NFGC New Found Gold Corp. | Sold out | 0.00% | −0.88 |
Portfolio Buys Q2 2025 → Q3 2025
| IREN Iren Ltd. | New | 9.89% | +9.89 |
| ITRN Ituran Location and Control | New | 7.29% | +7.29 |
| BTI British American Tob-SP ADR | New | 7.22% | +7.22 |
| ELV Elevance Health Inc. | New | 7.06% | +7.06 |
| NOA North American Construction | Add +1682.2% | 6.49% | +5.64 |
| PTON Peloton Interactive Inc. Class A | New | 4.85% | +4.85 |
| RGLD Royal Gold Inc. | New | 3.99% | +3.99 |
| BAX Baxter International Inc. | New | 3.85% | +3.85 |
| GIL Gildan Activewear Inc. | New | 3.84% | +3.84 |
| BROS Dutch Bros Inc. Class A | New | 2.43% | +2.43 |
| LULU Lululemon Athletica Inc. | New | 2.36% | +2.36 |
| GIB Cgi Inc. | New | 2.22% | +2.22 |
| AZ A2Z CUST2MATE Solutions Corp. | New | 2.19% | +2.19 |
| EAT Brinker International Inc. | New | 2.10% | +2.10 |
| TROW T Rowe Price Group Inc. | New | 2.04% | +2.04 |
| CMG Chipotle Mexican Grill Inc. | New | 1.95% | +1.95 |
| CP Canadian Pacific Kansas City | New | 1.24% | +1.24 |
| CNQ Canadian Natural Resources | New | 1.06% | +1.06 |
| CIFR Cipher Digital Inc. | New | 1.04% | +1.04 |
| TFII Tfi International Inc. | New | 1.02% | +1.02 |
| WING Wingstop Inc. | New | 0.84% | +0.84 |
| VET Vermilion Energy Inc. | New | 0.65% | +0.65 |
| GAU Galiano Gold Inc. | New | 0.45% | +0.45 |
| CNH CNH Industrial NV | New | 0.45% | +0.45 |
| SPT Sprout Social Inc. Class A | New | 0.21% | +0.21 |
| FCRS.U Futurecrest Acquisition Corp. | New | 0.18% | +0.18 |
| MBVIU M3-Brigade Acquisition Vi Co. | New | 0.17% | +0.17 |
| ETHZILLA CORPORATION | New | 0.16% | +0.16 |
| VFF Village Farms International | New | 0.10% | +0.10 |
| BCE Bce Inc. | Add +90.0% | 3.69% | −0.14 |
| DECK Deckers Outdoor Corp. | Add +100.0% | 2.69% | −0.16 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +342.9% | 310,000 | $206.5M |
| AAPL Apple Inc. | put | Sold out | 10,000 | $2.1Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| HYMCL Hycroft Mining Holding -CW25 | *W EXP 10/06/202 | Sold out | 150,000 | $0before exit |
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 |