Heathbridge Capital Management Ltd.

CIK

1503269

Location

TORONTO, A6

Portfolio Value

Small $275,447,858

Diversification

Diversified

Filing Date

Global Rank

#3,559 / 8,605 ▲ 215 · as of Mar 2026

Top Industry

Telecom Services 14.1%

3Y Alpha vs SPY

-2.7%

Period ended 3 months ago

Filed May 14, 2026 · 56d

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

+66.7%

SPY

+76.5%

Annualised alpha

-2.3%

Max drawdown

−12.4%

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

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

Top Position

8.7%

−0.1 pts

Top 5

38.8%

−0.5 pts

Top 10

64.0%

−2.3 pts

HHI

560

Diversified−23

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	19.0%	$52,319,280	4
Communication Services	18.0%	$49,592,163	3
Energy	16.3%	$44,800,114	6
Basic Materials	12.7%	$34,951,289	4
Industrials	11.5%	$31,595,063	5
Utilities	8.3%	$22,906,230	1
Technology	7.9%	$21,894,694	2
Consumer Defensive	3.7%	$10,172,761	1
Healthcare	2.6%	$7,216,264	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
ADP	Automatic Data Processing Inc	+26,375	56,465	$11,472,558
VRSK	Verisk Analytics, Inc.	+740	2,950	$559,762
No positions match the current search.

Trimmed

Positions the filer reduced

22 positions

Ticker	Company	Δ Shares	Shares	Value
TRP	Tc Energy Corp	−92,325	292,775	$18,327,715
SOBO	South Bow Corp	−82,750	337,200	$11,235,504
CNQ	CANADIAN NATURAL RESOURCES Ltd	−57,025	281,075	$13,696,784
VZ	Verizon Communications Inc	−51,850	479,950	$24,093,490
HBM	Hudbay Minerals Inc.	−28,860	183,050	$3,825,745
TECK	Teck Resources Ltd	−6,650	225,650	$11,677,387
TU	Telus Corp	−4,600	1,155,900	$14,830,197
MFC	Manulife Financial Corp	−2,850	456,500	$15,721,860
TD	Toronto Dominion Bank	−1,750	243,350	$22,706,988
NEM	NEWMONT Corp /DE/	−1,500	5,350	$579,137
CAE	Cae Inc	−1,250	376,350	$9,803,917
AEP	American Electric Power Co Inc	−1,050	174,750	$22,906,230
CP	Canadian Pacific Kansas City Ltd/Cn	−850	116,825	$9,189,454
FITB	Fifth Third Bancorp	−350	11,700	$543,582
GOOGL	Alphabet Inc.	−300	37,100	$10,668,476
OKE	Oneok Inc /New/	−250	8,300	$750,237
ZTS	Zoetis Inc.	−250	59,175	$6,995,076
MSFT	Microsoft Corp	−225	28,155	$10,422,136
AEM	Agnico Eagle Mines Ltd	−175	92,960	$18,869,020
XOM	Exxon Mobil Corp	−100	2,575	$436,874
TMO	Thermo Fisher Scientific Inc.	−25	450	$221,188
UNP	Union Pacific Corp	−25	975	$236,554
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
TRI	Thomson Reuters Corp /Can/	131,200	$11,805,376
KMB	Kimberly Clark Corp	105,450	$10,172,761
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
HLN	Haleon plc	1,050,050	$10,616,005
MA	Mastercard Inc	400	$228,352
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 positions · $275,447,858 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VZ	Verizon Communications Inc Communication Services	Reduced	479,950	-51,850	$24,093,490	+11.2%	8.75%
AEP	American Electric Power Co Inc Utilities	Reduced	174,750	-1,050	$22,906,230	+13.0%	8.32%
TD	Toronto Dominion Bank Financial Services	Reduced	243,350	-1,750	$22,706,988	−1.7%	8.24%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	92,960	-175	$18,869,020	+19.5%	6.85%
TRP	Tc Energy Corp Energy	Reduced	292,775	-92,325	$18,327,715	−13.5%	6.65%
MFC	Manulife Financial Corp Financial Services	Reduced	456,500	-2,850	$15,721,860	−5.7%	5.71%
TU	Telus Corp Communication Services	Reduced	1,155,900	-4,600	$14,830,197	−3.0%	5.38%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	281,075	-57,025	$13,696,784	+19.7%	4.97%
RY	Royal Bank Of Canada Financial Services	Held	82,500	0	$13,346,850	−5.1%	4.85%
TRI	Thomson Reuters Corp /Can/ Industrials	NEW	131,200	NEW	$11,805,376	NEW	4.29%
TECK	Teck Resources Ltd Basic Materials	Reduced	225,650	-6,650	$11,677,387	+5.0%	4.24%
ADP	Automatic Data Processing Inc Technology	Added	56,465	+26,375	$11,472,558	+48.2%	4.17%
SOBO	South Bow Corp Energy	Reduced	337,200	-82,750	$11,235,504	−2.6%	4.08%
GOOGL	Alphabet Inc. Communication Services	Reduced	37,100	-300	$10,668,476	−8.9%	3.87%
MSFT	Microsoft Corp Technology	Reduced	28,155	-225	$10,422,136	−24.1%	3.78%
KMB	Kimberly Clark Corp Consumer Defensive	NEW	105,450	NEW	$10,172,761	NEW	3.69%
CAE	Cae Inc Industrials	Reduced	376,350	-1,250	$9,803,917	−14.6%	3.56%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	116,825	-850	$9,189,454	+6.1%	3.34%
ZTS	Zoetis Inc. Healthcare	Reduced	59,175	-250	$6,995,076	−6.4%	2.54%
HBM	Hudbay Minerals Inc. Basic Materials	Reduced	183,050	-28,860	$3,825,745	−9.0%	1.39%
OKE	Oneok Inc /New/ Energy	Reduced	8,300	-250	$750,237	+19.4%	0.27%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	5,350	-1,500	$579,137	−15.3%	0.21%
VRSK	Verisk Analytics, Inc. Industrials	Added	2,950	+740	$559,762	+13.2%	0.20%
FITB	Fifth Third Bancorp Financial Services	Reduced	11,700	-350	$543,582	−3.6%	0.20%
XOM	Exxon Mobil Corp Energy	Reduced	2,575	-100	$436,874	+35.7%	0.16%
DNN	Denison Mines Corp. Energy	Held	100,000	0	$353,000	+32.7%	0.13%
UNP	Union Pacific Corp Industrials	Reduced	975	-25	$236,554	+2.3%	0.09%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	450	-25	$221,188	−19.6%	0.08%