SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Hillsdale Investment Management Inc.

CIK 0001368465 · 1 FIRST CANADIAN PLACE, 100 KING ST WEST, SUITE 5900 P.O. 477, TORONTO, A6, M5X 1E4 · 416-913-3900

Reported Value
$1.5B
Q4 2021
Positions
1,485
Filings on Record
30
2019–present window
Filed
Feb 7, 2022
original filing

Summary

Hillsdale Investment Management Inc. reported $1.5B in U.S.-listed holdings across 1,485 positions for Q4 2021.

Compared with Q3 2021, the fund opened 102 new positions and exited 100.

Portfolio Metrics

Turnover
+18.0%
vs prior filed quarter
Top-10 Concentration
+6.2%
share of reported value
Largest Position
+0.8%
Shopify
New / Exited
102 / 100
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $843MQ4 ’18Q1 ’19: $1.1BQ2 ’19: $1.0BQ3 ’19: $1.1BQ4 ’19: $1.1BQ4 ’19Q1 ’20: $831MQ2 ’20: $1.1BQ3 ’20: $1.0BQ4 ’20: $1.1BQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.3BQ3 ’21: $1.3BQ4 ’21: $1.5BQ4 ’21Q1 ’22: $1.5BQ2 ’22: $1.2BQ3 ’22: $1.1BQ4 ’22: $1.2BQ4 ’22Q1 ’23: $1.2BQ2 ’23: $1.1BQ3 ’23: $1.1BQ4 ’23: $1.2BQ4 ’23Q1 ’24: $1.3BQ2 ’24: $1.3BQ3 ’24: $1.3BQ4 ’24: $2.0BQ4 ’24Q1 ’25: $2.0BQ2 ’25: $2.7BQ3 ’25: $3.3BQ4 ’25: $3.6BQ4 ’25Q1 ’26: $3.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.5%Other: 9.7%REIT: 1.4%ETP: 0.4%MLP: 0.0%Other: 0.0%
  • Common Stock · 88.5% · $1.3B
  • Other · 9.7% · $145M
  • REIT · 1.4% · $20M
  • ETP · 0.4% · $6M
  • MLP · 0.0% · $142,000
  • Other · 0.0% · $25,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VETVERMILION ENERGY INC COMNEW+2.06M2.06M+$26M$26M
BROOKFIELD BUSINESS PARTNERSNEW+470.4K470.4K+$22M$22M
GFLGFL ENVIRONMENTAL INCNEW+214.8K214.8K+$8M$8M
ACLSAXCELIS TECHNOLOGIES INCNEW+94.1K94.1K+$7M$7M
2662247DITEOS THERAPEUTICS INCNEW+146.5K146.5K+$7M$7M
FORRFORRESTER RESH INCNEW+103.5K103.5K+$6M$6M
AMRALPHA METALLURGICAL RESOUR INEW+99.1K99.1K+$6M$6M
TNETTRINET GROUP INCNEW+62.3K62.3K+$6M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDTORONTO DOMINION BK ONThistory →COM2.22%$33M431.1K
2RYROYAL BK CDA COMhistory →COM1.74%$26M244.3K
3CRCCANADIAN NAT RES LTDhistory →COM1.28%$19M450.5K
4CMCANADIAN IMP BK COMMhistory →COM1.26%$19M161.0K
5BROOKFIELD ASSET MGMT INC CL A LTD VT SHCOM1.26%$19M310.8K
6SHOPSHOPIFY INChistory →COM1.12%$17M12.1K
7BMOBANK MONTREAL QUEhistory →COM1.06%$16M146.4K
8NTRNUTRIEN LTDhistory →COM0.97%$15M193.2K
9BNSBANK NOVA SCOTIA B Chistory →COM0.90%$13M188.9K
10ERFGBPENERPLUS CORP COMhistory →COM0.69%$10M976.0K
11WFGWEST FRASER TIMBER CO LTD COMCOM0.59%$9M91.6K
12SUSUNCOR ENERGY INC NEWCOM0.58%$9M345.1K
13CI FINL CORP COMCOM0.56%$8M402.8K
14BROOKFIELD BUSINESS PARTNERSCOM0.55%$8M178.7K
15VETVERMILION ENERGY INC COMCOM0.54%$8M642.4K
16CLSEURCELESTICA INC SUB VTG SHSCOM0.49%$7M657.9K
17LIESUN LIFE FINANCIAL INC. COMCOM0.49%$7M130.7K
18MFCMANULIFE FINL CORPCOM0.49%$7M381.0K
19OVVOVINTIV INC COMCOM0.48%$7M211.8K
20CLFDCLEARFIELD INCCOM0.45%$7M80.4K
21BXCBLUELINX HLDGS INCCOM0.45%$7M69.7K
22BTEBAYTEX ENERGY CORP COMCOM0.44%$7M2.13M
23ARCBARCBEST CORP COMCOM0.44%$7M54.4K
24ALPHA & OMEGA SEMICONDUCTORCOM0.43%$6M106.4K
25LPXLOUISIANA PAC CORPCOM0.40%$6M76.0K
26XXYCROSS CTRY HEALTHCARE INCCOM0.39%$6M209.2K
27DFINDONNELLEY FINL SOLUTIONS INCCOM0.38%$6M121.2K
28ROFKFORCE INCCOM0.38%$6M74.7K
29CVECENOVUS ENERGY INC COMCOM0.37%$6M452.8K
30CIGIEURCOLLIERS INTL GROUP INC SUB VTG SHSCOM0.37%$6M37.1K
31STCSTEWART INFORMATION SVCS CORPCOM0.37%$5M68.7K
32THCTENET HEALTHCARE CORPCOM0.37%$5M67.0K
33CNRCANADIAN NATL RY CO COMCOM0.37%$5M44.4K
34CCSCENTURY CMNTYS INCCOM0.36%$5M65.7K
35GILGILDAN ACTIVEWEAR INC COMCOM0.36%$5M126.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.7B655May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.6B653Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.3B636Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.7B613Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.0B598May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.0B2,108Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.3B1,903Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.3B1,922Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B1,809May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B1,551Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.1B1,547Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B1,497Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.2B1,490May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B1,450Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.1B1,439Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.2B1,485Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.5B1,499Apr 28, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.5B1,485Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.3B1,490Oct 21, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.3B1,476Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B1,560Apr 22, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.1B1,565Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.0B1,574Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.1B1,566Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$831M1,600May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.1B1,506Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.1B1,440Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.0B1,311Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.1B1,326May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$843M1,240Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.