SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Heathbridge Capital Management Ltd.

CIK 0001503269 · 141 ADELAIDE ST WEST, SUITE 260, TORONTO, M5H 3L5 · 416 360-3900

Reported Value
$218M
Q3 2023
Positions
28
Filings on Record
30
2019–present window
Filed
Oct 26, 2023
original filing

Summary

Heathbridge Capital Management Ltd. reported $218M in U.S.-listed holdings across 28 positions for Q3 2023.

Its largest position, TRP, represents 10.4% of the portfolio.

Compared with Q2 2023, the fund opened 0 new positions and exited 2.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+65.9%
share of reported value
Largest Position
+10.4%
Tc Energy

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: $446MQ4 ’18Q1 ’19: $500MQ2 ’19: $491MQ3 ’19: $464MQ4 ’19: $490MQ4 ’19Q1 ’20: $373MQ2 ’20: $293MQ3 ’20: $256MQ4 ’20: $296MQ4 ’20Q1 ’21: $364MQ2 ’21: $372MQ3 ’21: $333MQ4 ’21: $349MQ4 ’21Q1 ’22: $314MQ2 ’22: $243MQ3 ’22: $221MQ4 ’22: $261MQ4 ’22Q1 ’23: $237MQ2 ’23: $230MQ3 ’23: $218MQ4 ’23: $233MQ4 ’23Q1 ’24: $259MQ2 ’24: $236MQ3 ’24: $263MQ4 ’24: $251MQ4 ’24Q1 ’25: $246MQ2 ’25: $249MQ3 ’25: $261MQ4 ’25: $262MQ4 ’25Q1 ’26: $275Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.1%ADR: 4.9%Other: 0.0%
  • Common Stock · 95.1% · $208M
  • ADR · 4.9% · $11M
  • Other · 0.0% · $59,774

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLWCORNING INCSOLD OUT−6.5K0−$226,008$0
MAMASTERCARD INCORPORATEDSOLD OUT−5250−$206,483$0
AEPAMERCIAN ELEC PWR CO INCADDED+50.5K176.6K+$3M$13M
DANIMER SCIENTIFIC INCTRIMMED−10.0K28.1K−$32,511$58,167
TRPTC ENERGY CORPADDED+94.2K655.4K−$52,134$23M
VRSKVERISK ANALYTICS INCHELD−501.1K+$185$265,770
UNPUNION PAC CORPHELD−501.2K−$11,419$244,356
FITBFIFTH THIRD BANCORPHELD−70020.7K−$36,563$524,331

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

Holdings — Q3 2023

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TRPTC ENERGY CORPhistory →COM10.37%$23M655.4K
2TDTORONTO DOMINION BK ONThistory →COM NEW8.02%$18M289.4K
3BACVERIZON COMMUNICATIONS INChistory →COM7.41%$16M499.1K
4MSFTMICROSOFT CORPhistory →COM6.20%$14M42.9K
5MFCMANULIFE FINL CORPhistory →COM6.18%$13M735.2K
6AEPAMERCIAN ELEC PWR CO INChistory →COM6.08%$13M176.6K
7NEMNEWMONT CORPhistory →COM5.99%$13M354.2K
8TTELUS CORPORATIONhistory →COM5.51%$12M733.7K
9CRCCANADIAN NAT RES LTDhistory →COM5.29%$12M177.9K
10HLNHALEON PLChistory →SPON ADS4.87%$11M1.28M
11CPCANADIAN PACIFIC KANSAS CITYhistory →COM4.82%$11M141.0K
12ADPAUTOMATIC DATA PROCESSING INhistory →COM4.22%$9M38.3K
13MGAMAGNA INTL INChistory →COM4.21%$9M170.7K
14HBMHUDBAY MINERALS INChistory →COM4.20%$9M1.88M
15KHCKRAFT HEINZ COhistory →COM4.16%$9M270.4K
16RYROYAL BK CDAhistory →COM3.70%$8M92.1K
17OTXOPEN TEXT CORPhistory →COM3.23%$7M199.9K
18TXNTEXAS INSTRS INChistory →COM2.75%$6M37.8K
19MRNAMODERNA INChistory →COM1.38%$3M29.1K
20TECK/BTECK RESOURCES LTDCL B0.57%$1M28.7K
21FITBFIFTH THIRD BANCORPCOM0.24%$524,33120.7K
22ERFGBPENERPLUS CORPCOM0.19%$412,29323.3K
23VRSKVERISK ANALYTICS INCCOM0.12%$265,7701.1K
24DMLDENISON MINES CORPCOM0.12%$264,400160.3K
25UNPUNION PAC CORPCOM0.11%$244,3561.2K
26DANIMER SCIENTIFIC INCCOM CL A0.03%$58,16728.1K
27NGDNNEW GOLD INC CDACOM0.01%$23,11425.0K
28ORIGIN MATERIALS INC*W EXP 06/25/2020.00%$1,60716.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$275M29May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$262M29Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$261M28Oct 15, 202513F-HRchanges · EDGAR ↗
Q2 2025$249M26Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$246M29May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$251M29Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$263M29Oct 16, 202413F-HRchanges · EDGAR ↗
Q2 2024$236M28Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$259M30Apr 26, 202413F-HRchanges · EDGAR ↗
Q4 2023$233M30Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$218M28Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$230M30Aug 16, 202313F-HRchanges · EDGAR ↗
Q1 2023$237M30May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$261M30Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$221M26Oct 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$243M25Jul 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$314M28Apr 18, 202213F-HRchanges · EDGAR ↗
Q4 2021$349M27Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$333M26Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$372M27Jul 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$364M24May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$296M24Feb 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$256M24Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$293M28Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$373M29May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$490M30Jan 23, 202013F-HRchanges · EDGAR ↗
Q3 2019$464M29Nov 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$491M30Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$500M27Apr 22, 201913F-HRchanges · EDGAR ↗
Q4 2018$446M28Jan 29, 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 ↗.