Timelo Investment Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Timelo Investment Management Inc. reported 44 stock positions worth $94.2 million. Its top holding was Telus (TU) at 10.1% of the portfolio, followed by Profound Medical (PROF, 8.2%) and Enerflex (EFXT, 6.6%). Compared with Q3 2025, it opened 18 new positions, sold out of 13, added to 10 and reduced 6. The biggest buy was a new position in Telus (TU) and the biggest sale Iren (IREN, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- Aurora, A6
- CIK
- 0001851296
- Portfolio Value
- $94.2M (Q4 2025)
- SEC Filing
- 0000919574-26-000846 ↗ filed Feb 13, 2026
Holdings Value
Holdings 44 stocks · $94.2M
| TU Telus Corp. | 10.13% | 725,000 | $9.5M | New |
| PROF Profound Medical Corp. | 8.18% | 979,967 | $7.7M | Add +62.4% |
| EFXT Enerflex Ltd. | 6.60% | 403,200 | $6.2M | Add +125.6% |
| ELV Elevance Health Inc. | 5.95% | 16,000 | $5.6M | Add +14.3% |
| ITRN Ituran Location and Control | 5.61% | 123,000 | $5.3M | No change |
| MOH Molina Healthcare Inc. | 4.05% | 22,000 | $3.8M | New |
| GIB Cgi Inc. | 3.92% | 40,000 | $3.7M | Add +166.7% |
| BTI British American Tob-SP ADR | 3.91% | 65,000 | $3.7M | Reduce -20.7% |
| CMG Chipotle Mexican Grill Inc. | 3.65% | 93,000 | $3.4M | Add +210.0% |
| WFG West Fraser Timber Co. Ltd. | 3.64% | 56,200 | $3.4M | New |
| FSV Firstservice Corp. | 3.30% | 20,000 | $3.1M | New |
| EAT Brinker International Inc. | 3.05% | 20,000 | $2.9M | Add +100.0% |
| BROS Dutch Bros Inc. Class A | 2.92% | 45,000 | $2.8M | Add +60.7% |
| BAX Baxter International Inc. | 2.88% | 142,000 | $2.7M | Add +39.2% |
| DECK Deckers Outdoor Corp. | 2.64% | 24,000 | $2.5M | Add +50.0% |
| MSFT Microsoft Corp. | 2.57% | 5,000 | $2.4M | New |
| SHY iShares 1-3 Year Treasury Bo | 2.38% | 27,100 | $2.2M | No change |
| CNQ Canadian Natural Resources | 2.33% | 65,000 | $2.2M | Add +225.0% |
| QSR Restaurant Brands Intern | 2.17% | 30,000 | $2.0M | New |
| NOA North American Construction | 2.14% | 140,156 | $2.0M | Reduce -49.1% |
| CALM Cal-Maine Foods Inc. | 2.11% | 25,000 | $2.0M | New |
| BCE Bce Inc. | 2.02% | 80,000 | $1.9M | Reduce -15.8% |
| IREN Iren Ltd. filed as IREN LIMITED | 1.76% | 44,000 | $1.7M | Reduce -65.3% |
| TRI Thomson Reuters Corp. | 1.68% | 12,000 | $1.6M | New |
| CNI Canadian Natl Railway Co. | 1.57% | 15,000 | $1.5M | New |
| MOS The Mosaic Co. | 1.41% | 55,000 | $1.3M | New |
| FURY Fury Gold Mines Ltd. | 1.29% | 2,066,500 | $1.2M | New |
| AMZN Amazon.com Inc. | 1.22% | 5,000 | $1.2M | New |
| CP Canadian Pacific Kansas City | 0.78% | 10,000 | $736K | No change |
| PACHU Pioneer Acquisition I Corp. | 0.65% | 60,000 | $613K | No change |
| CRCL Circle Internet Group Inc. | 0.59% | 7,000 | $555K | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.54% | 50,000 | $511K | No change |
| TFII Tfi International Inc. | 0.31% | 2,800 | $289K | Reduce -60.0% |
| BGSI Boyd Group Services Inc. | 0.30% | 1,800 | $287K | New |
| FIGXU Figx Capital Acquisition Cor | 0.27% | 25,000 | $255K | No change |
| CNH CNH Industrial NV | 0.24% | 25,000 | $231K | No change |
| VET Vermilion Energy Inc. | 0.22% | 25,000 | $209K | Reduce -50.0% |
| NFGC New Found Gold Corp. | 0.22% | 70,000 | $208K | New |
| FIGR Figure Technology Solut Class A | 0.22% | 5,000 | $204K | New |
| CEPV Cantor Equity Partners Class A | 0.11% | 10,000 | $103K | New |
| FCRS.U Futurecrest Acquisition Corp. | 0.11% | 10,000 | $102K | No change |
| CAEP Cantor Equity Partners III-A | 0.11% | 10,000 | $102K | No change |
| MBVIU M3-Brigade Acquisition Vi Co. | 0.11% | 10,000 | $101K | No change |
| MESHU Meshflow Acquisition Corp. | 0.11% | 10,000 | $100K | New |
Options reported separately and not counted above: SPY puts ($184.1M), PLTR puts ($3.6M).
Portfolio Sells Q3 2025 → Q4 2025
| IREN Iren Ltd. | Reduce -65.3% | 1.76% | −8.13 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −4.85 |
| NOA North American Construction | Reduce -49.1% | 2.14% | −4.35 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −3.99 |
| GIL Gildan Activewear Inc. | Sold out | 0.00% | −3.84 |
| BTI British American Tob-SP ADR | Reduce -20.7% | 3.91% | −3.32 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −2.36 |
| AZ A2Z CUST2MATE Solutions Corp. | Sold out | 0.00% | −2.19 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −2.04 |
| RCI Rogers Communications Inc. Class B | Sold out | 0.00% | −2.00 |
| BCE Bce Inc. | Reduce -15.8% | 2.02% | −1.67 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −1.04 |
| WING Wingstop Inc. | Sold out | 0.00% | −0.84 |
| TFII Tfi International Inc. | Reduce -60.0% | 0.31% | −0.72 |
| GAU Galiano Gold Inc. | Sold out | 0.00% | −0.45 |
| VET Vermilion Energy Inc. | Reduce -50.0% | 0.22% | −0.43 |
| SPT Sprout Social Inc. Class A | Sold out | 0.00% | −0.21 |
| ETHZILLA CORPORATION | Sold out | 0.00% | −0.16 |
| VFF Village Farms International | Sold out | 0.00% | −0.10 |
Portfolio Buys Q3 2025 → Q4 2025
| TU Telus Corp. | New | 10.13% | +10.13 |
| MOH Molina Healthcare Inc. | New | 4.05% | +4.05 |
| WFG West Fraser Timber Co. Ltd. | New | 3.64% | +3.64 |
| EFXT Enerflex Ltd. | Add +125.6% | 6.60% | +3.41 |
| FSV Firstservice Corp. | New | 3.30% | +3.30 |
| PROF Profound Medical Corp. | Add +62.4% | 8.18% | +3.29 |
| MSFT Microsoft Corp. | New | 2.57% | +2.57 |
| QSR Restaurant Brands Intern | New | 2.17% | +2.17 |
| CALM Cal-Maine Foods Inc. | New | 2.11% | +2.11 |
| CMG Chipotle Mexican Grill Inc. | Add +210.0% | 3.65% | +1.70 |
| GIB Cgi Inc. | Add +166.7% | 3.92% | +1.70 |
| TRI Thomson Reuters Corp. | New | 1.68% | +1.68 |
| CNI Canadian Natl Railway Co. | New | 1.57% | +1.57 |
| MOS The Mosaic Co. | New | 1.41% | +1.41 |
| FURY Fury Gold Mines Ltd. | New | 1.29% | +1.29 |
| CNQ Canadian Natural Resources | Add +225.0% | 2.33% | +1.27 |
| AMZN Amazon.com Inc. | New | 1.22% | +1.22 |
| EAT Brinker International Inc. | Add +100.0% | 3.05% | +0.94 |
| CRCL Circle Internet Group Inc. | New | 0.59% | +0.59 |
| BROS Dutch Bros Inc. Class A | Add +60.7% | 2.92% | +0.49 |
| BGSI Boyd Group Services Inc. | New | 0.30% | +0.30 |
| NFGC New Found Gold Corp. | New | 0.22% | +0.22 |
| FIGR Figure Technology Solut Class A | New | 0.22% | +0.22 |
| CEPV Cantor Equity Partners Class A | New | 0.11% | +0.11 |
| MESHU Meshflow Acquisition Corp. | New | 0.11% | +0.11 |
| DECK Deckers Outdoor Corp. | Add +50.0% | 2.64% | −0.05 |
| BAX Baxter International Inc. | Add +39.2% | 2.88% | −0.97 |
| ELV Elevance Health Inc. | Add +14.3% | 5.95% | −1.11 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -12.9% | 270,000 | $184.1M |
| PLTR Palantir Technologies Inc. Class A | put | New | 20,000 | $3.6M |
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 |