Hillsdale Investment Management Inc.

CIK

1368465

Location

Toronto, A6

Portfolio Value

Mid $3,624,222,597

Diversification

Diversified

Filing Date

Global Rank

#821 / 8,614 ▲ 31 · as of Mar 2026

Top Industry

Banks - Diversified 16.1%

3Y Alpha vs SPY

+3.1%

Period ended 4 months ago

Filed May 11, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+87.8%

SPY

+73.9%

Annualised alpha

+3.1%

Max drawdown

−17.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

626 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

108

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	16.8%	$609,635,667	137
Basic Materials	14.7%	$531,532,122	37
Energy	11.0%	$399,145,790	26
Consumer Cyclical	9.7%	$352,647,620	83
Industrials	6.9%	$250,967,841	87
Healthcare	6.4%	$233,566,653	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 positions · $3,624,222,597 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%	3.09%
BNS	Bank Of Nova Scotia Financial Services	Added	1,293,232	+139,371	$89,633,909	+5.4%	2.47%
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%	1.77%
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%	1.58%
B	Barrick Mining Corp Basic Materials	Added	1,327,142	+161,641	$54,134,122	+6.7%	1.49%
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%	1.26%
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%	1.03%
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%	0.41%
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%