Q2 2026 13F · SEC CIK 1368465

Hillsdale Investment Management Inc.

Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $4.4B
Reported positions: 646
Top holdings a year, 3 yrs: +41.8%
Assets under management: $7.8B

Hillsdale Investment Management Inc. is a hedge fund that reported 646 positions worth $4.4B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Royal Bk Cda (RY, 4.7%), Canadian Imperial Bank of Co (CM, 2.9%), Toronto Dominion Bk Ont (TD, 2.8%). A portfolio copying its top holdings returned 41.8% a year over the last 3 years, against 20.4% for the S&P 500.

Hillsdale Investment Management Inc. holdings largest 50 of 646 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Hillsdale Investment Management Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
RYRoyal Bk Cda	4.7%	4.7%	1,005,143	-5.7%	$207.9M
CMCanadian Imperial Bank of Co	2.9%	3.2%	1,106,970	-10.9%	$127.3M
TDToronto Dominion Bk Ont	2.8%	3.1%	1,019,172	-15.2%	$123.8M
BNSBank Nova Scotia B C	2.7%	2.4%	1,349,041	+4.3%	$117.1M
EFXTEnerflex Ltd	2.0%	2.2%	3,615,379	-5.6%	$88.7M
SUSuncor Energy Inc New	1.9%	1.3%	1,582,117	+123.8%	$85.0M
BMOBank of Montreal	1.9%	2.0%	460,739	-15.3%	$81.3M
CNQCanadian Nat Res Ltd Med Ter	1.7%	1.0%	1,938,131	+149.9%	$76.6M
ENBEnbridge Inc	1.7%	1.3%	1,384,813	+56.6%	$75.0M
AEMAgnico Eagle Mines Ltd	1.4%	2.1%	381,603	-0.4%	$59.2M
CVECenovus Energy Inc	1.3%	0.9%	2,387,412	+91.9%	$59.2M
NVDANvidia Corporation	1.3%	1.3%	280,626	+2.9%	$56.2M
SHOPShopify Inc	1.2%	1.3%	451,724	+16.3%	$51.6M
AAPLApple Inc	1.1%	1.1%	168,004	+3.3%	$48.6M
BBarrick Mng Corp	1.1%	1.5%	1,304,301	-1.7%	$47.9M
PBAPembina Pipeline Corp	1.1%	0.4%	1,030,460	+207.0%	$47.6M
CLSCelestica Inc	1.0%	1.0%	119,713	-9.7%	$43.6M
EMAEmera Inc	1.0%	0.9%	821,776	+28.3%	$43.5M
BCEBce Inc	1.0%	1.1%	2,007,737	+23.9%	$43.2M
GOOGLAlphabet Inc	1.0%	1.0%	120,162	-8.2%	$42.9M
BBBlackberry Ltd	0.9%	—	3,246,381	—	$41.0M
CGAUCenterra Gold Incorporated (canada)	0.9%	1.6%	2,554,340	-20.9%	$40.5M
OCANFOceanagold Corporation Com New (canada)	0.9%	—	1,586,525	—	$39.7M
MGAMagna Intl Inc	0.9%	1.3%	601,904	-27.7%	$39.5M
FTSFortis Inc	0.9%	1.7%	689,039	-36.7%	$39.4M
PDSPrecision Drilling Corp Com New	0.9%	1.3%	512,747	+5.2%	$39.3M
NTRNutrien Ltd	0.8%	0.4%	585,713	+231.4%	$36.9M
WPMWheaton Precious Metals Corp	0.8%	1.0%	310,136	+6.9%	$34.9M
SMINIshares Tr	0.8%	0.8%	471,671	-8.3%	$33.4M
MSFTMicrosoft Corp	0.7%	0.8%	85,782	+2.6%	$32.0M
IAGIamgold Corp	0.7%	1.0%	1,980,950	-0.6%	$31.4M
SNDKSandisk Corp	0.7%	—	13,570	—	$30.9M
AMZNAmazon Com Inc	0.6%	0.6%	104,909	+4.3%	$25.0M
AGFirst Majestic	0.5%	1.0%	1,399,725	-16.9%	$23.7M
SSRMSsr Mng Inc	0.5%	0.5%	781,157	+22.2%	$22.1M
MFCManulife Finl Corp	0.5%	1.7%	540,838	-71.0%	$21.9M
KGCKinross Gold Corp	0.4%	1.2%	820,650	-45.4%	$19.4M
BNBrookfield Corp	0.4%	0.5%	446,735	+3.5%	$19.0M
QSRRestaurant Brands Intl Inc	0.4%	0.8%	254,553	-35.3%	$18.4M
RBARb Global Inc	0.4%	0.3%	155,900	+21.7%	$18.1M
IMOImperial Oil Ltd	0.4%	—	160,774	—	$18.0M
TRPTc Energy Corp	0.4%	—	267,708	—	$17.7M
METAMeta Platforms Inc	0.4%	0.4%	30,715	+8.0%	$17.3M
GHGuardant Health Inc	0.4%	0.3%	114,384	-8.0%	$17.2M
CPCanadian Pacific Kansas City	0.4%	—	197,670	—	$17.1M
MUMicron Technology Inc	0.4%	—	14,810	—	$17.1M
CNICanadian Natl Ry Co	0.4%	—	141,546	—	$16.9M
GTXGarrett Motion Inc	0.4%	—	457,397	—	$16.6M
KLICKulicke & Soffa Industries Inc	0.4%	—	122,200	—	$16.3M
SANMSanmina Corp	0.4%	—	62,863	—	$15.9M

What Hillsdale Investment Management Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

NTR Nutrien Ltd+231.4% shares
PBA Pembina Pipeline Corp+207.0% shares
CNQ Canadian Nat Res Ltd Med Ter+149.9% shares
SU Suncor Energy Inc New+123.8% shares
CVE Cenovus Energy Inc+91.9% shares
ENB Enbridge Inc+56.6% shares
EMA Emera Inc+28.3% shares
BCE Bce Inc+23.9% shares

Reduced

MFC Manulife Finl Corp-71.0% shares
KGC Kinross Gold Corp-45.4% shares
FTS Fortis Inc-36.7% shares
QSR Restaurant Brands Intl Inc-35.3% shares
MGA Magna Intl Inc-27.7% shares
CGAU Centerra Gold Incorporated (canada)-20.9% shares
AG First Majestic-16.9% shares
BMO Bank of Montreal-15.3% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +52.5% /yr; S&P 500 +20.1%
3 years: +41.8% /yr; S&P 500 +20.4%
5 years: +27.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$4.4B	646
Q1 2026	$3.7B	654
Q4 2025	$3.6B	652
Q3 2025	$3.3B	635
Q2 2025	$2.7B	612
Q1 2025	$2.0B	592
Q4 2024	$2.0B	575
Q3 2024	$1.3B	585
Q2 2024	$1.3B	574
Q1 2024	$1.3B	583
Q4 2023	$1.2B	560
Q3 2023	$1.1B	560

Questions about Hillsdale Investment Management Inc.'s portfolio

What stocks does Hillsdale Investment Management Inc. own?

Hillsdale Investment Management Inc.'s latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 646 positions worth $4.4B. The largest are Royal Bk Cda (RY) at 4.7%, Canadian Imperial Bank of Co (CM) at 2.9%, Toronto Dominion Bk Ont (TD) at 2.8%, Bank Nova Scotia B C (BNS) at 2.7% and Enerflex Ltd (EFXT) at 2.0%.

What did Hillsdale Investment Management Inc. buy last quarter?

In Q2 2026, Hillsdale Investment Management Inc. added Nutrien Ltd (NTR) (+231.4% shares), Pembina Pipeline Corp (PBA) (+207.0% shares) and Canadian Nat Res Ltd Med Ter (CNQ) (+149.9% shares), compared with its Q1 2026 filing.

What did Hillsdale Investment Management Inc. sell last quarter?

In Q2 2026, Hillsdale Investment Management Inc. cut from its top 50 Rogers Communications Inc (RCI), cut from its top 50 Pan Amern Silver Corp (PAAS), cut from its top 50 Aris Mining Corporation (ARIS), cut from its top 50 Ero Copper Corp (ERO), cut from its top 50 Cameco Corp (CCJ), Manulife Finl Corp (MFC) (-71.0% shares), Kinross Gold Corp (KGC) (-45.4% shares) and Fortis Inc (FTS) (-36.7% shares), compared with its Q1 2026 filing.

How has Hillsdale Investment Management Inc.'s portfolio performed?

A portfolio copying Hillsdale Investment Management Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +41.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +52.5% against +20.1%. Over 5 years: +27.1% a year against +11.6%.

When is Hillsdale Investment Management Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Hillsdale Investment Management Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Hillsdale Investment Management Inc. manage?

Hillsdale Investment Management Inc. reported $7.8B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $4.4B.