Silver Heights Capital Management Inc

CIK

1705712

Location

TORONTO, A6

Portfolio Value

Small $218,127,977

Diversification

Highly concentrated

Filing Date

Global Rank

#3,684 / 8,232 ▲ 730

Top Industry

Telecom Services 65.4%

3Y Alpha vs SPY

-33.2%

Period ended 2 months ago

Filed May 13, 2026 · 32d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

-32.7%

SPY

+76.3%

Annualised alpha

-33.2%

Max drawdown

−69.5%

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

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

Top Position

65.4%

+13.2 pts

Top 5

100.0%

0.0 pts

Top 10

100.0%

0.0 pts

HHI

4,879

Highly concentrated+1,288

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Communication Services	65.4%	$142,735,587	1
Consumer Cyclical	17.5%	$38,157,882	1
Technology	17.1%	$37,234,508	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
ADBE	Adobe Inc.	+55,341	153,178	$37,234,508
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
IRDM	Iridium Communications Inc.	−105,654	5,145,479	$142,735,587
KMX	Carmax Inc	−13,470	917,698	$38,157,882
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
PII	Polaris Inc.	210,272	$13,299,704
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

3 positions · $218,127,977 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IRDM	Iridium Communications Inc. Communication Services	Reduced	5,145,479	-5,356,787	$142,735,587	−21.8%	65.44%
KMX	Carmax Inc Consumer Cyclical	Reduced	917,698	-13,470	$38,157,882	+6.1%	17.49%
ADBE	Adobe Inc. Technology	Added	153,178	+55,341	$37,234,508	+8.7%	17.07%