SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Heathbridge Capital Management Ltd.

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

Reported Value
$261M
Q3 2025
Positions
28
Filings on Record
30
2019–present window
Filed
Oct 15, 2025
original filing

Summary

Heathbridge Capital Management Ltd. reported $261M in U.S.-listed holdings across 28 positions for Q3 2025.

Its largest position, AEP, represents 9.5% of the portfolio.

Compared with Q2 2025, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+3.5%
vs prior filed quarter
Top-10 Concentration
+66.6%
share of reported value
Largest Position
+9.5%
Amercian Elec Pwr

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: 96.3%ADR: 3.7%Other: 0.0%
  • Common Stock · 96.3% · $251M
  • ADR · 3.7% · $10M
  • Other · 0.0% · $242

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EXMOCEXXON MOBIL CORPNEW+2.7K2.7K+$301,606$301,606
TMOTHERMO FISHER SCIENTIFIC INC.NEW+475475+$230,385$230,385
TECK/BTECK RESOURCES LTDADDED+91.5K234.1K+$5M$10M
MSFTMICROSOFT CORPTRIMMED−7.2K29.0K−$3M$15M
AEMAGNICO EAGLE MINES LTDTRIMMED−28.0K116.5K+$2M$20M
NEMNEWMONT CORPTRIMMED−1.9K8.3K+$103,911$703,989
TDTORONTO DOMINION BK ONTTRIMMED−45.3K249.6K−$2M$20M
CRCCANADIAN NAT RES LTDADDED+36.6K342.3K+$1M$11M

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

Holdings — Q3 2025

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEPAMERCIAN ELEC PWR CO INChistory →COM9.50%$25M220.1K
2TRPTC ENERGY CORPhistory →COM8.41%$22M403.4K
3BACVERIZON COMMUNICATIONS INChistory →COM8.00%$21M474.0K
4TDTORONTO DOMINION BK ONThistory →COM NEW7.65%$20M249.6K
5AEMAGNICO EAGLE MINES LTDhistory →COM7.53%$20M116.5K
6MSFTMICROSOFT CORPhistory →COM5.77%$15M29.0K
7MFCMANULIFE FINL CORPhistory →COM5.59%$15M467.6K
8GOOGLALPHABET INChistory →CAP STK CL A4.83%$13M51.8K
9TTELUS CORPORATIONhistory →COM4.67%$12M772.8K
10RYROYAL BK CDAhistory →COM4.66%$12M82.5K
11CAECAE INChistory →COM4.36%$11M383.4K
12CRCCANADIAN NAT RES LTDhistory →COM4.20%$11M342.3K
13TECK/BTECK RESOURCES LTDhistory →CL B3.94%$10M234.1K
14HLNHALEON PLChistory →SPON ADS3.66%$10M1.06M
15CPCANADIAN PACIFIC KANSAS CITYhistory →COM3.41%$9M119.5K
16ZTSZOETIS INChistory →CL A3.37%$9M60.0K
17ADPAUTOMATIC DATA PROCESSING INhistory →COM3.08%$8M27.4K
18MGAMAGNA INTL INChistory →COM2.63%$7M144.8K
19SOBOSOUTH BOW CORPhistory →COM2.23%$6M205.8K
20HBMHUDBAY MINERALS INChistory →COM1.53%$4M263.0K
21NEMNEWMONT CORPCOM0.27%$703,9898.3K
22FITBFIFTH THIRD BANCORPCOM0.21%$536,82812.1K
23EXMOCEXXON MOBIL CORPCOM0.12%$301,6062.7K
24DMLDENISON MINES CORPCOM0.11%$275,045100.0K
25UNPUNION PAC CORPCOM0.09%$236,3701.0K
26TMOTHERMO FISHER SCIENTIFIC INC.COM0.09%$230,385475
27MAMASTERCARD INCORPORATEDCL A0.09%$227,524400
28ORIGIN MATERIALS INC*W EXP 06/25/2020.00%$24216.6K

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 ↗.