Hillsdale Investment Management Inc.
Registered adviserFiling Date
Global Rank
#968
/ 8,818
▲ 8
Top Industry
Banks - Diversified
15.5%
Period ended 4 months ago
Filed Aug 12, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$7,769,548,706
Main clients
Pooled investment vehicles
(86% of AUM)
Private funds
6 funds
· Hedge funds
Focus by fund count, roster of Oct 1, 2026
$1,240,802,422 gross assets
LEI
549300KFIUFNDF5RLX60
Private funds on Schedule D 7.B.(1)
As filed Mar 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.
$769,923,522 gross assets in 7 funds
Hedge funds
$760,698,696
(6)
Other private funds
$9,224,826
(1)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $7,769,548,706 | Pooled investment vehicles (86%) |
| Apr 2025 to Mar 2026 | $4,460,003,433 | Pooled investment vehicles (84%) |
| Apr 2024 to Mar 2025 | $2,785,603,810 | Pooled investment vehicles (83%) |
| May 2023 to Mar 2024 | $2,699,105,296 | Pooled investment vehicles (82%) |
| Apr 2023 | $2,699,105,296 | Pooled investment vehicles (82%) |
| Apr 2022 to Mar 2023 | $3,165,941,835 | Pooled investment vehicles (83%) |
3 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 23.7%, 102.0 effective positions, active share 84.1% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Medium turnover
64.9% over the last four quarters (30% to under 100%)
Horizon
Long horizon
Value-weighted holding period 12.8 quarters (12+), a floor since 34.6% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 84.1%; sector active share 31.9% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
645 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
4.7%
+0.1 pts
Top 5
15.2%
−0.4 pts
Top 10
23.7%
−0.9 pts
HHI
98
Diversified−8
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 22.5% | $987,353,727 |
| Technology | 18.6% | $815,790,573 |
| Energy | 13.4% | $588,190,135 |
| Basic Materials | 11.5% | $505,870,136 |
| Consumer Cyclical | 9.1% | $398,936,428 |
| Industrials | 8.6% | $375,320,961 |
| Healthcare | 7.1% | $312,941,354 |
| Communication Services | 4.0% | $176,616,614 |
| Utilities | 1.9% | $83,686,007 |
| Consumer Defensive | 1.7% | $74,122,464 |
| Unclassified | 1.0% | $42,218,410 |
| Real Estate | 0.6% | $26,681,806 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CNQ | CANADIAN NATURAL RESOURCES Ltd | +1,162,542 | 1,938,131 | $76,556,174 | |
| CVE | Cenovus Energy Inc. | +1,143,494 | 2,387,412 | $59,231,691 | |
| SU | Suncor Energy Inc | +875,272 | 1,582,117 | $84,928,040 | |
| ALTO | Alto Ingredients, Inc. | +703,000 | 1,703,703 | $9,711,107 | |
| PBA | Pembina Pipeline Corp | +694,796 | 1,030,460 | $47,658,775 | |
| ENB | Enbridge Inc | +500,500 | 1,384,813 | $75,070,712 | |
| NTR | Nutrien Ltd. | +408,988 | 585,713 | $36,870,633 | |
| BCE | Bce Inc | +387,690 | 2,007,737 | $43,186,422 | |
| AUPH | Aurinia Pharmaceuticals Inc. | +341,000 | 550,900 | $9,348,773 | |
| LXU | Lsb Industries, Inc. | +260,140 | 556,520 | $6,015,981 | |
| BVS | Bioventus Inc. | +236,600 | 907,739 | $8,569,056 | |
| WOOF | Petco Health & Wellness Company, Inc. | +231,700 | 1,628,423 | $4,429,310 | |
| GLRE | Greenlight Capital Re, Ltd. | +214,234 | 278,832 | $4,511,501 | |
| EGHT | 8X8 Inc | +207,600 | 1,860,797 | $3,181,962 | |
| FSTR | Foster L B Co | +205,450 | 218,150 | $9,853,835 | |
| OVV | Ovintiv Inc. | +201,100 | 213,100 | $11,219,715 | |
| STTK | Shattuck Labs, Inc. | +198,018 | 263,418 | $1,828,120 | |
| TECK | Teck Resources Ltd | +193,900 | 194,600 | $11,570,916 | |
| ARLO | Arlo Technologies, Inc. | +190,300 | 525,882 | $7,088,889 | |
| EMA | Emera Inc | +181,496 | 821,776 | $43,570,563 | |
| OUT | OUTFRONT Media Inc. | +172,400 | 183,700 | $6,018,012 | |
| SSRM | Ssr Mining Inc. | +141,805 | 781,157 | $22,091,119 | |
| III | Information Services Group Inc. | +139,100 | 984,303 | $4,045,485 | |
| WLY | John Wiley & Sons, Inc. | +136,830 | 212,980 | $10,331,659 | |
| ZWS | Zurn Elkay Water Solutions Corp | +128,600 | 135,480 | $6,845,804 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MFC | Manulife Financial Corp | −1,325,784 | 540,838 | $21,909,347 | |
| KGC | Kinross Gold Corp | −681,123 | 820,650 | $19,383,753 | |
| CGAU | Centerra Gold Inc. | −673,595 | 2,554,340 | $40,511,832 | |
| SGHC | Super Group (SGHC) Ltd | −617,900 | 27,030 | $366,256 | |
| RCI | Rogers Communications Inc | −596,004 | 395,361 | $12,849,232 | |
| FTS | Fortis Inc. | −399,589 | 689,039 | $39,433,701 | |
| RAMP | LiveRamp Holdings, Inc. | −284,450 | 300 | $11,292 | |
| AG | First Majestic Silver Corp | −284,100 | 1,399,725 | $23,739,336 | |
| ERO | Ero Copper Corp. | −279,085 | 414,995 | $11,101,116 | |
| MGA | Magna International Inc | −230,671 | 601,904 | $39,521,016 | |
| EGAN | EGAIN Corp | −225,205 | 35,000 | $220,500 | |
| PAAS | Pan American Silver Corp | −224,580 | 190,690 | $8,541,005 | |
| EFXT | Enerflex Ltd. | −216,280 | 3,615,379 | $88,612,939 | |
| GTM | ZoomInfo Technologies Inc. | −215,100 | 526,715 | $1,543,274 | |
| FSM | Fortuna Mining Corp. | −208,430 | 1,096,125 | $9,262,256 | |
| LYFT | Lyft, Inc. | −198,700 | 1,400 | $20,454 | |
| TD | Toronto Dominion Bank | −182,328 | 1,019,172 | $123,758,055 | |
| HBM | Hudbay Minerals Inc. | −176,000 | 414,200 | $9,779,262 | |
| GTX | Garrett Motion Inc. | −140,060 | 457,397 | $16,571,493 | |
| QSR | Restaurant Brands International Inc. | −139,027 | 254,553 | $18,457,638 | |
| CM | Canadian Imperial Bank Of Commerce | −134,897 | 1,106,970 | $127,301,550 | |
| — | −122,370 | 306,410 | $2,999,753 | ||
| CCJ | Cameco Corp | −112,566 | 33,077 | $3,369,223 | |
| MITK | Mitek Systems Inc | −112,000 | 400,900 | $8,070,117 | |
| TCBX | Third Coast Bancshares, Inc. | −110,000 | 38,600 | $1,559,440 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BB | BLACKBERRY Ltd | 3,246,381 | $41,066,719 | |
| OGC | OceanaGold Corp | 1,586,525 | $39,790,047 | |
| IMO | Imperial Oil Ltd | 160,774 | $18,009,903 | |
| MXL | Maxlinear, Inc | 97,670 | $12,504,690 | |
| LFST | LifeStance Health Group, Inc. | 1,147,200 | $12,286,512 | |
| MRVI | Maravai Lifesciences Holdings, Inc. | 1,682,878 | $10,501,158 | |
| MEOH | Methanex Corp | 221,310 | $10,213,456 | |
| AMN | Amn Healthcare Services Inc | 312,490 | $10,115,301 | |
| ARCB | Arcbest Corp | 66,070 | $9,483,687 | |
| MDA | MDA Space Ltd. | 225,800 | $9,321,024 | |
| OFG | Ofg Bancorp | 187,600 | $9,205,532 | |
| CARE | Carter Bankshares, Inc. | 263,657 | $8,966,974 | |
| NPO | Enpro Inc. | 22,880 | $8,624,158 | |
| TXG | 10x Genomics, Inc. | 216,200 | $8,289,108 | |
| PRM | Perimeter Solutions, Inc. | 223,012 | $7,950,377 | |
| HOS | Hornbeck Offshore Services, Inc. | 899,000 | $7,857,260 | |
| PANL | Pangaea Logistics Solutions Ltd. | 1,185,300 | $7,704,450 | |
| STNG | Scorpio Tankers Inc. | 105,400 | $7,300,004 | |
| BLDP | Ballard Power Systems Inc. | 1,692,500 | $6,583,825 | |
| ARVN | Arvinas, Inc. | 750,900 | $6,239,979 | |
| OMCL | Omnicell, Inc. | 148,920 | $6,183,158 | |
| MOV | Movado Group Inc | 137,989 | $5,424,347 | |
| MUSA | Murphy USA Inc. | 9,555 | $5,148,902 | |
| ADNT | Adient plc | 278,100 | $5,111,478 | |
| LEA | Lear Corp | 37,130 | $4,977,647 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| ALNT | Allient Inc | 134,490 | $7,947,014 | |
| KTB | Kontoor Brands, Inc. | 107,700 | $7,570,233 | |
| SKYW | Skywest Inc | 74,860 | $6,874,393 | |
| ZUMZ | Zumiez Inc | 296,500 | $6,570,440 | |
| COMP | Compass, Inc. | 878,100 | $6,418,911 | |
| RCKY | Rocky Brands, Inc. | 158,645 | $6,142,734 | |
| BCRX | Biocryst Pharmaceuticals Inc | 639,100 | $6,084,232 | |
| ACIW | Aci Worldwide, Inc. | 146,250 | $5,997,712 | |
| CDE | Coeur Mining, Inc. | 312,320 | $5,862,246 | |
| RNGR | Ranger Energy Services, Inc. | 329,148 | $5,641,596 | |
| FLS | Flowserve Corp | 75,350 | $5,538,978 | |
| GPOR | Gulfport Energy Corp | 25,640 | $5,424,654 | |
| HAFC | Hanmi Financial Corp | 205,665 | $5,421,329 | |
| CMCO | Columbus Mckinnon Corp | 370,728 | $5,386,677 | |
| DXC | DXC Technology Co | 422,000 | $5,304,540 | |
| BLX | Bladex, Inc. | 96,064 | $4,906,949 | |
| RUN | Sunrun Inc. | 352,715 | $4,782,815 | |
| TCBI | Texas Capital Bancshares Inc | 49,690 | $4,714,587 | |
| YELP | Yelp Inc | 187,516 | $4,639,145 | |
| BDC | Belden Inc. | 40,100 | $4,604,683 | |
| ITT | Itt Inc. | 23,300 | $4,439,349 | |
| ARQT | Arcutis Biotherapeutics, Inc. | 188,220 | $4,434,463 | |
| APG | APi Group Corp | 105,550 | $4,276,886 | |
| INNV | InnovAge Holding Corp. | 529,984 | $4,250,471 | |
| IRTC | iRhythm Holdings, Inc. | 34,950 | $4,124,799 | |
| No positions match the current search. | ||||
645 tracked positions ·
$4,387,728,615 total
· filing declares
647 positions · $4,387,475,258
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 645 positions by value
· page 1 of 13
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| RY |
Royal Bank Of Canada
Financial Services
|
Reduced | 1,005,143 | $208,034,446 | 4.74% | |
| CM |
Canadian Imperial Bank Of Commerce
Financial Services
|
Reduced | 1,106,970 | $127,301,550 | 2.90% | |
| TD |
Toronto Dominion Bank
Financial Services
|
Reduced | 1,019,172 | $123,758,055 | 2.82% | |
| BNS |
Bank Of Nova Scotia
Financial Services
|
Added | 1,349,041 | $117,150,720 | 2.67% | |
| EFXT |
Enerflex Ltd.
Energy
|
Reduced | 3,615,379 | $88,612,939 | 2.02% | |
| SU |
Suncor Energy Inc
Energy
|
Added | 1,582,117 | $84,928,040 | 1.94% | |
| BMO |
Bank Of Montreal
Financial Services
|
Reduced | 460,739 | $81,412,581 | 1.86% | |
| CNQ |
CANADIAN NATURAL RESOURCES Ltd
Energy
|
Added | 1,938,131 | $76,556,174 | 1.74% | |
| ENB |
Enbridge Inc
Energy
|
Added | 1,384,813 | $75,070,712 | 1.71% | |
| CVE |
Cenovus Energy Inc.
Energy
|
Added | 2,387,412 | $59,231,691 | 1.35% | |
| AEM |
Agnico Eagle Mines Ltd
Basic Materials
|
Reduced | 381,603 | $59,198,073 | 1.35% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 280,626 | $56,150,456 | 1.28% | |
| SHOP |
Shopify Inc.
Technology
|
Added | 451,724 | $51,577,846 | 1.18% | |
| AAPL |
Apple Inc.
Technology
|
Added | 168,004 | $48,613,637 | 1.11% | |
| B |
Barrick Mining Corp
Basic Materials
|
Reduced | 1,304,301 | $47,906,975 | 1.09% | |
| PBA |
Pembina Pipeline Corp
Energy
|
Added | 1,030,460 | $47,658,775 | 1.09% | |
| CLS |
Celestica Inc
Technology
|
Reduced | 119,713 | $43,671,302 | 1.00% | |
| EMA |
Emera Inc
Utilities
|
Added | 821,776 | $43,570,563 | 0.99% | |
| BCE |
Bce Inc
Communication Services
|
Added | 2,007,737 | $43,186,422 | 0.98% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 120,162 | $42,942,293 | 0.98% | |
| BB |
BLACKBERRY Ltd
Technology
|
NEW | 3,246,381 | $41,066,719 | 0.94% | |
| CGAU |
Centerra Gold Inc.
Basic Materials
|
Reduced | 2,554,340 | $40,511,832 | 0.92% | |
| OGC |
OceanaGold Corp
Basic Materials
|
NEW | 1,586,525 | $39,790,047 | 0.91% | |
| MGA |
Magna International Inc
Consumer Cyclical
|
Reduced | 601,904 | $39,521,016 | 0.90% | |
| FTS |
Fortis Inc.
Utilities
|
Reduced | 689,039 | $39,433,701 | 0.90% | |
| PDS |
PRECISION DRILLING Corp
Energy
|
Added | 512,747 | $39,307,185 | 0.90% | |
| NTR |
Nutrien Ltd.
Basic Materials
|
Added | 585,713 | $36,870,633 | 0.84% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
Added | 310,136 | $34,834,475 | 0.79% | |
| SMIN |
iShares MSCI India Small-Cap ETF
|
Reduced | 471,671 | $33,361,289 | 0.76% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 85,782 | $31,998,401 | 0.73% | |
| IAG |
Iamgold Corp
Basic Materials
|
Reduced | 1,980,950 | $31,378,248 | 0.72% | |
| SNDK |
Sandisk Corp
Technology
|
Reduced | 13,570 | $30,854,516 | 0.70% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 104,909 | $25,004,011 | 0.57% | |
| AG |
First Majestic Silver Corp
Basic Materials
|
Reduced | 1,399,725 | $23,739,336 | 0.54% | |
| SSRM |
Ssr Mining Inc.
Basic Materials
|
Added | 781,157 | $22,091,119 | 0.50% | |
| MFC |
Manulife Financial Corp
Financial Services
|
Reduced | 540,838 | $21,909,347 | 0.50% | |
| KGC |
Kinross Gold Corp
Basic Materials
|
Reduced | 820,650 | $19,383,753 | 0.44% | |
| BN |
BROOKFIELD Corp
Financial Services
|
Added | 446,735 | $19,026,443 | 0.43% | |
| QSR |
Restaurant Brands International Inc.
Consumer Cyclical
|
Reduced | 254,553 | $18,457,638 | 0.42% | |
| RBA |
Rb Global Inc.
Industrials
|
Added | 155,900 | $18,154,555 | 0.41% | |
| IMO |
Imperial Oil Ltd
Energy
|
NEW | 160,774 | $18,009,903 | 0.41% | |
| TRP |
Tc Energy Corp
Energy
|
Added | 267,708 | $17,746,363 | 0.40% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 30,715 | $17,301,452 | 0.39% | |
| GH |
Guardant Health, Inc.
Healthcare
|
Reduced | 114,384 | $17,161,031 | 0.39% | |
| CP |
Canadian Pacific Kansas City Ltd
Industrials
|
Added | 197,670 | $17,128,105 | 0.39% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 14,810 | $17,095,034 | 0.39% | |
| CNI |
Canadian National Railway Co
Industrials
|
Added | 141,546 | $16,877,945 | 0.38% | |
| GTX |
Garrett Motion Inc.
Consumer Cyclical
|
Reduced | 457,397 | $16,571,493 | 0.38% | |
| KLIC |
Kulicke & Soffa Industries Inc
Technology
|
Added | 122,200 | $16,345,472 | 0.37% | |
| SANM |
Sanmina Corp
Technology
|
Reduced | 62,863 | $15,909,368 | 0.36% |
Showing the top 50 of 645 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.