SEC 13F Intelligence

Managers / Q3 2023 · 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
$1.1B
Q3 2023
Positions
1,547
Filings on Record
30
2019–present window
Filed
Nov 9, 2023
original filing

Summary

Hillsdale Investment Management Inc. reported $1.1B in U.S.-listed holdings across 1,547 positions for Q3 2023.

Its largest position, CLSEUR, represents 1.4% of the portfolio.

Compared with Q2 2023, the fund opened 117 new positions and exited 107.

Portfolio Metrics

Turnover
+30.3%
vs prior filed quarter
Top-10 Concentration
+7.2%
share of reported value
Largest Position
+1.4%
Celestica Inc Sub Vtg Shs
New / Exited
117 / 107
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: 95.3%Other: 3.7%REIT: 0.8%ETP: 0.2%ADR: 0.0%Other: 0.0%
  • Common Stock · 95.3% · $1.0B
  • Other · 3.7% · $40M
  • REIT · 0.8% · $8M
  • ETP · 0.2% · $2M
  • ADR · 0.0% · $18,459
  • Other · 0.0% · $13,405

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PDSPRECISION DRILLING CORP COM NEWNEW+378.7K378.7K+$25M$25M
BBBLACKBERRY LTD COMNEW+1.37M1.37M+$6M$6M
EQXEQUINOX GOLD CORPNEW+1.40M1.40M+$6M$6M
LZLEGALZOOM COM INCNEW+412.9K412.9K+$5M$5M
DAKTDAKTRONICS INCNEW+492.7K492.7K+$4M$4M
COURCOURSERA INCNEW+235.1K235.1K+$4M$4M
GHGUARDANT HEALTH INCNEW+146.1K146.1K+$4M$4M
ANFABERCROMBIE & FITCH CONEW+75.7K75.7K+$4M$4M

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

Holdings — Q3 2023

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CLSEURCELESTICA INC SUB VTG SHShistory →COM3.30%$36M1.47M
2SHOPSHOPIFY INChistory →COM1.69%$19M339.4K
3RYROYAL BK CDA COMhistory →COM1.24%$14M154.9K
4NOANORTH AMERN CONSTR GROUP LTDhistory →COM1.21%$13M608.4K
5DCBODOCEBO INChistory →COM1.09%$12M294.9K
6MFCMANULIFE FINL CORP COMhistory →COM0.99%$11M593.5K
7PDSPRECISION DRILLING CORP COM NEWhistory →COM0.98%$11M159.8K
8IMOIMPERIAL OIL LTDhistory →COM0.95%$10M167.7K
9LIESUN LIFE FINANCIAL INC. COMhistory →COM0.94%$10M210.9K
10TDTORONTO DOMINION BK ONTCOM0.67%$7M121.3K
11FSVFIRSTSERVICE CORP NEWCOM0.59%$6M44.0K
12STNSTANTEC INCCOM0.51%$6M86.5K
13KGCKINROSS GOLD CORP COMCOM0.50%$5M1.19M
14AGIALAMOS GOLD INC NEWCOM0.47%$5M458.4K
15HURNHURON CONSULTING GROUP INCCOM0.46%$5M48.1K
16MGAMAGNA INTL INC COMCOM0.46%$5M93.3K
17RELYREMITLY GLOBAL INCCOM0.45%$5M197.0K
18PRDOPERDOCEO ED CORPCOM0.45%$5M284.9K
198TGTHERMON GROUP HLDGS INCCOM0.44%$5M176.7K
20BBWBUILD-A-BEAR WORKSHOP INCCOM0.44%$5M164.1K
21TACTRANSALTA CORPCOM0.44%$5M548.3K
22POWLPOWELL INDS INCCOM0.43%$5M57.1K
23GFLGFL ENVIRONMENTAL INCCOM0.43%$5M148.4K
24NMIHNMI HLDGS INCCOM0.43%$5M172.0K
25WCNWASTE CONNECTIONS INC NEW COMCOM0.42%$5M33.9K
26ENBENBRIDGE INC COMCOM0.41%$4M134.3K
27SPSCSPS COMM INCCOM0.41%$4M26.0K
28CPCANADIAN PACIFIC KANSAS CITYCOM0.40%$4M58.6K
29QSRRESTAURANT BRANDS INTL INCCOM0.40%$4M65.4K
30GIB/ACGI INC CL A SUB VTGCOM0.40%$4M44.1K
31OTXOPEN TEXT CORP COMCOM0.40%$4M123.1K
32TEEKAY TANKERS LTDCOM0.40%$4M103.7K
33BDCBELDEN INC COMCOM0.39%$4M44.4K
34DUOLDUOLINGO INCCOM0.39%$4M25.8K
35CVLTCOMMVAULT SYS INCCOM0.39%$4M63.1K
36L1SLIQUIDITY SVCS INCCOM0.38%$4M238.5K
37LAURLAUREATE EDUCATION INC COMMON STOCKCOM0.38%$4M296.2K

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 ↗.