Hillsdale Investment Management Inc.

CIK

1368465

Location

Toronto, A6

Portfolio Value

Mid $3,620,003,552

Diversification

Diversified

Filing Date

Global Rank

#824 / 8,622 ▲ 29 · as of Mar 2026

Top Industry

Banks - Diversified 16.2%

3Y Alpha vs SPY

+3.2%

Period ended 4 months ago

Filed May 11, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+90.2%

SPY

+67.9%

Annualised alpha

+5.1%

Max drawdown

−17.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

626 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.8%

+0.1 pts

Top 5

15.8%

+0.4 pts

Top 10

25.0%

+0.8 pts

HHI

109

Diversified+7

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	24.8%	$898,659,651	108
Technology	16.9%	$610,853,497	137
Basic Materials	14.7%	$531,532,122	37
Energy	11.0%	$399,145,790	26
Consumer Cyclical	9.8%	$353,633,846	83
Industrials	6.9%	$250,967,841	87
Healthcare	6.3%	$227,143,552	75
Communication Services	4.9%	$178,854,712	29
Utilities	2.6%	$94,856,286	5
Consumer Defensive	1.4%	$48,988,657	18
Real Estate	0.7%	$25,300,548	16
Unclassified	0.0%	$67,050	5

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MFC	Manulife Financial Corp	+1,153,792	1,866,622	$64,286,461
IAG	Iamgold Corp	+924,140	1,993,050	$37,509,201
ALTO	Alto Ingredients, Inc.	+855,703	1,000,703	$4,843,402
NMRK	Newmark Group, Inc.	+518,990	519,440	$7,786,405
BVS	Bioventus Inc.	+401,230	671,139	$6,127,499
CDE	Coeur Mining, Inc.	+311,820	312,320	$5,862,246
FTS	Fortis Inc.	+305,450	1,088,628	$60,734,556
CNQ	CANADIAN NATURAL RESOURCES Ltd	+287,300	775,589	$37,794,451
DAKT	Daktronics Inc /Sd/	+241,969	392,089	$7,665,339
COMP	Compass, Inc.	+205,500	878,100	$6,418,911
PDS	PRECISION DRILLING Corp	+195,598	487,434	$47,963,505
GNTX	Gentex Corp	+187,700	188,450	$4,117,632
THRM	Gentherm Inc	+178,521	206,446	$5,735,069
B	Barrick Mining Corp	+161,641	1,327,142	$54,134,122
KGC	Kinross Gold Corp	+151,971	1,501,773	$45,834,111
EGHT	8X8 Inc /De/	+149,800	1,653,197	$2,744,307
JRVR	James River Group Holdings, Inc.	+140,400	448,860	$2,827,818
TRP	Tc Energy Corp	+139,552	152,977	$9,576,360
BNS	Bank Of Nova Scotia	+139,371	1,293,232	$89,633,909
MTCH	Match Group, Inc.	+128,550	152,450	$4,681,739
LASR	Nlight, Inc.	+114,612	114,892	$6,551,141
ZYME	Zymeworks Inc.	+107,700	345,622	$8,654,374
MGA	Magna International Inc	+107,150	832,575	$46,466,010
RY	Royal Bank Of Canada	+99,583	1,065,340	$172,350,705
CVE	Cenovus Energy Inc.	+98,803	1,243,918	$33,001,144
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
EWCZ	European Wax Center, Inc.	−1,404,861	1,800	$10,404
MDXG	Mimedx Group, Inc.	−1,052,400	1,400	$5,530
ERO	Ero Copper Corp.	−991,365	694,080	$18,511,113
ARIS	Aris Mining Corp	−975,965	1,039,776	$19,308,640
EFXT	Enerflex Ltd.	−854,595	3,831,659	$80,158,306
PBA	Pembina Pipeline Corp	−581,461	335,664	$15,024,320
ADTN	ADTRAN Holdings, Inc.	−471,350	22,900	$288,082
TRX	TRX GOLD Corp	−420,100	1,397,681	$2,096,521
ADT	ADT Inc.	−327,100	142,900	$938,853
LSPD	Lightspeed Commerce Inc.	−323,288	3,800	$34,048
ENB	Enbridge Inc	−288,754	884,313	$47,876,705
CGAU	Centerra Gold Inc.	−285,940	3,227,935	$57,424,963
SSRM	Ssr Mining Inc.	−277,660	639,352	$18,796,948
BAM	Brookfield Asset Management Ltd.	−180,425	75,870	$3,372,421
OVV	Ovintiv Inc.	−175,800	12,000	$712,320
DXC	DXC Technology Co	−165,300	422,000	$5,304,540
SU	Suncor Energy Inc	−119,772	706,845	$46,729,522
THFF	First Financial Corp /In/	−110,025	4,210	$266,072
CAE	Cae Inc	−102,885	1,300	$33,865
SHOP	Shopify Inc.	−91,133	388,301	$46,060,264
WPM	Wheaton Precious Metals Corp.	−90,189	290,075	$38,002,725
BBWI	Bath & Body Works, Inc.	−72,200	48,000	$896,160
WGO	Winnebago Industries Inc	−68,792	60,908	$1,887,538
HAFC	Hanmi Financial Corp	−63,535	205,665	$5,421,329
DINO	HF Sinclair Corp	−62,300	21,700	$1,353,863
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SNDK	Sandisk Corp	14,400	$9,148,896
AXSM	Axsome Therapeutics, Inc.	53,363	$9,019,414
PBF	PBF Energy Inc.	179,070	$8,527,313
RSI	Rush Street Interactive, Inc.	361,900	$7,871,325
CSTM	Constellium SE	316,700	$7,784,486
FET	Forum Energy Technologies, Inc.	130,950	$7,681,527
KLIC	Kulicke & Soffa Industries Inc	115,620	$7,598,546
BCO	Brinks Co	72,000	$7,461,360
SPB	Spectrum Brands Holdings, Inc.	100,600	$7,414,220
FISI	Financial Institutions Inc	233,080	$7,390,966
PLGO	Pelagos Insurance Capital Ltd	385,500	$7,366,905
TMP	Tompkins Financial Corp	93,100	$7,340,004
HLIO	Helios Technologies, Inc.	113,020	$7,313,524
WWW	Wolverine World Wide Inc /De/	445,800	$7,275,456
FIGS	FIGS, Inc.	475,860	$7,028,452
ORLA	Orla Mining Ltd.	428,780	$6,916,221
OOMA	Ooma Inc	401,889	$5,847,484
SNX	Td Synnex Corp	33,220	$5,604,546
AEO	American Eagle Outfitters Inc	328,720	$5,489,624
HST	Host Hotels & Resorts, Inc.	269,400	$5,161,704
BHE	Benchmark Electronics Inc	84,550	$4,739,873
NWPX	NWPX Infrastructure, Inc.	59,200	$4,609,312
GPRE	Green Plains Inc.	279,375	$4,595,718
LXU	Lsb Industries, Inc.	296,380	$4,416,062
INNV	InnovAge Holding Corp.	529,984	$4,250,471
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
NGD	New Gold Inc. /FI	3,378,411	$29,425,959
GIL	Gildan Activewear Inc.	209,150	$13,063,509
ARWR	Arrowhead Pharmaceuticals, Inc.	193,850	$12,869,701
RIGL	Rigel Pharmaceuticals Inc	282,584	$12,103,072
DOCN	DigitalOcean Holdings, Inc.	198,900	$9,571,068
KNSA	Kiniksa Pharmaceuticals International, plc	224,074	$9,243,052
RMBS	Rambus Inc	88,990	$8,177,291
PRIM	Primoris Services Corp	64,370	$7,990,891
CSGS	Csg Systems International Inc	103,700	$7,952,753
EHAB	Enhabit, Inc.	820,670	$7,566,577
HNI	Hni Corp	179,600	$7,550,384
BBW	Build-A-Bear Workshop Inc	118,500	$7,260,495
GLXY	Galaxy Digital Inc.	311,400	$6,962,904
TRIP	TripAdvisor, Inc.	465,900	$6,783,504
YEXT	Yext, Inc.	826,430	$6,661,025
DNOW	DNOW Inc.	496,600	$6,579,950
OMCL	Omnicell, Inc.	144,627	$6,551,603
KE	Kimball Electronics, Inc.	231,670	$6,445,059
NUS	Nu Skin Enterprises, Inc.	665,560	$6,402,687
KFY	Korn Ferry	95,380	$6,296,987
NFBK	Northfield Bancorp, Inc.	540,020	$6,172,428
UBER	Uber Technologies, Inc	73,950	$6,042,454
MEOH	Methanex Corp	151,560	$6,019,963
BHF	Brighthouse Financial, Inc.	91,400	$5,921,806
TBPH	Theravance Biopharma, Inc.	308,600	$5,773,906
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

626 tracked positions · $3,620,003,552 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 626 positions by value · page 1 of 13

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RY	Royal Bank Of Canada Financial Services	Added	1,065,340	+99,583	$172,350,705	+4.7%	4.76%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Added	1,241,867	+14,916	$117,666,898	+5.8%	3.25%
TD	Toronto Dominion Bank Financial Services	Added	1,201,500	+34,921	$112,111,965	+2.0%	3.10%
BNS	Bank Of Nova Scotia Financial Services	Added	1,293,232	+139,371	$89,633,909	+5.4%	2.48%
EFXT	Enerflex Ltd. Energy	Reduced	3,831,659	-854,595	$80,158,306	+10.9%	2.21%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	383,209	-31,734	$77,783,762	+10.6%	2.15%
BMO	Bank Of Montreal /Can/ Financial Services	Added	543,809	+65,689	$73,599,110	+18.6%	2.03%
MFC	Manulife Financial Corp Financial Services	Added	1,866,622	+1,153,792	$64,286,461	+148.6%	1.78%
FTS	Fortis Inc. Utilities	Added	1,088,628	+305,450	$60,734,556	+49.3%	1.68%
CGAU	Centerra Gold Inc. Basic Materials	Reduced	3,227,935	-285,940	$57,424,963	+13.7%	1.59%
B	Barrick Mining Corp Basic Materials	Added	1,327,142	+161,641	$54,134,122	+6.7%	1.50%
PDS	PRECISION DRILLING Corp Energy	Added	487,434	+195,598	$47,963,505	+128.6%	1.32%
ENB	Enbridge Inc Energy	Reduced	884,313	-288,754	$47,876,705	−14.7%	1.32%
NVDA	Nvidia Corp Technology	Added	272,626	+27,520	$47,545,974	+4.0%	1.31%
SU	Suncor Energy Inc Energy	Reduced	706,845	-119,772	$46,729,522	+27.4%	1.29%
MGA	Magna International Inc Consumer Cyclical	Added	832,575	+107,150	$46,466,010	+20.2%	1.28%
SHOP	Shopify Inc. Technology	Reduced	388,301	-91,133	$46,060,264	−40.3%	1.27%
KGC	Kinross Gold Corp Basic Materials	Added	1,501,773	+151,971	$45,834,111	+20.6%	1.27%
AAPL	Apple Inc. Technology	Added	162,694	+15,362	$41,290,110	+3.1%	1.14%
BCE	Bce Inc Communication Services	Reduced	1,620,047	-39,863	$40,889,986	+3.4%	1.13%
RCI	Rogers Communications Inc Communication Services	Added	991,365	+39,638	$38,117,984	+6.2%	1.05%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	290,075	-90,189	$38,002,725	−15.0%	1.05%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	775,589	+287,300	$37,794,451	+128.7%	1.04%
GOOGL	Alphabet Inc. Communication Services	Added	130,862	+12,680	$37,630,676	+1.7%	1.04%
IAG	Iamgold Corp Basic Materials	Added	1,993,050	+924,140	$37,509,201	+112.8%	1.04%
CLS	Celestica Inc Technology	Added	132,579	+83,799	$37,344,852	+159.0%	1.03%
AG	First Majestic Silver Corp Basic Materials	Added	1,683,825	+44,135	$36,168,561	+32.4%	1.00%
EMA	Emera Inc Utilities	Reduced	640,280	-20,880	$33,211,323	+2.0%	0.92%
CVE	Cenovus Energy Inc. Energy	Added	1,243,918	+98,803	$33,001,144	+70.3%	0.91%
MSFT	Microsoft Corp Technology	Added	83,612	+8,450	$30,950,654	−14.9%	0.85%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	393,580	+17,433	$29,085,562	+13.3%	0.80%
PAAS	Pan American Silver Corp Basic Materials	Reduced	415,270	-26,320	$22,686,200	−0.8%	0.63%
AMZN	Amazon Com Inc Consumer Cyclical	Added	100,609	+180	$20,953,836	−9.6%	0.58%
ARIS	Aris Mining Corp Basic Materials	Reduced	1,039,776	-975,965	$19,308,640	−41.0%	0.53%
SSRM	Ssr Mining Inc. Basic Materials	Reduced	639,352	-277,660	$18,796,948	−6.5%	0.52%
ERO	Ero Copper Corp. Basic Materials	Reduced	694,080	-991,365	$18,511,113	−61.2%	0.51%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	431,808	-58,556	$17,475,269	−22.3%	0.48%
META	Meta Platforms, Inc. Communication Services	Added	28,435	+2,190	$16,268,516	−6.1%	0.45%
CCJ	Cameco Corp Energy	Added	145,643	+78,990	$15,818,286	+159.4%	0.44%
PBA	Pembina Pipeline Corp Energy	Reduced	335,664	-581,461	$15,024,320	−57.0%	0.42%
NTR	Nutrien Ltd. Basic Materials	Reduced	176,725	-35,595	$13,335,668	+1.8%	0.37%
AVGO	Broadcom Inc. Technology	Added	42,304	+5,530	$13,093,511	+2.9%	0.36%
FSM	Fortuna Mining Corp. Basic Materials	Reduced	1,304,555	-57,080	$12,954,231	−3.0%	0.36%
PARR	Par Pacific Holdings, Inc. Energy	Added	199,016	+250	$12,466,362	+78.5%	0.34%
BBIO	BridgeBio Pharma, Inc. Healthcare	Added	167,742	+3,202	$12,456,520	−1.0%	0.34%
HBM	Hudbay Minerals Inc. Basic Materials	Reduced	590,200	-38,400	$12,335,180	−1.1%	0.34%
RBA	Rb Global Inc. Industrials	Added	128,100	+43,975	$12,278,385	+41.9%	0.34%
GH	Guardant Health, Inc. Healthcare	Added	124,384	+2,004	$11,489,350	−8.1%	0.32%
ENS	EnerSys Industrials	Added	64,921	+2,201	$11,278,076	+22.5%	0.31%
FNV	FRANCO NEVADA Corp Basic Materials	Added	45,296	+22,356	$11,190,376	+135.3%	0.31%

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.