HILLSDALE INVESTMENT MANAGEMENT INC
Q1 2024 Form 13-F

TORONTO, ONTARIO, CANADA
CIK 0001368465 · CRD 137883 · SEC-registered investment adviser
$1.3B Reported Value Total

HILLSDALE INVESTMENT MANAGEMENT INC. reports 177 total accounts under management (AUM). There are 177 discretionary accounts valued at $2,785,603,810, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
11 funds · $1.4B gross asset value
Hedge Fund: $1.4B · Other: $9.2M
Source: Form ADV filed 2026-08-19
Reported value
$1.3B
Quarter over quarter
+6.4%
Holdings
583
Top-10 concentration
21.8%

Filing Structure

Reports holdings for

Key People

Form ADV owners & control persons
Albert Christopher Guthrie
CHIEF EXECUTIVE OFFICER
Harry Samuel Marmer
EXECUTIVE VICE-PRESIDENT
Theodore (tai-Chun) Chen
CO-CHIEF INVESTMENT OFFICER
Q4 2023
Q2 2024
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

Loading 13F Metrics

Q1 2024 13F filing summary

Period of report March 31, 2024
Filed May 10, 2024
Form 13F-HR
Reported value $1.3B
Positions 583
Change in reported value +3.2%
New positions 141
Exited positions 118
Position turnover 37.0%
Top-10 concentration 21.8%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 12, 2026
 646 $4.4B
Q1 2026 13F
Filed May 4, 2026
 654 $3.7B
Q4 2025 13F
Filed Feb 10, 2026
 652 $3.6B
Q3 2025 13F
Filed Nov 10, 2025
 635 $3.3B
Q2 2025 13F
Filed Aug 12, 2025
 612 $2.7B
Q1 2025 13F
Filed May 9, 2025
 592 $2.0B
Q4 2024 13F
Filed Feb 11, 2025
 575 $2.0B
Q3 2024 13F
Filed Nov 12, 2024
 585 $1.3B
Q2 2024 13F
Filed Aug 13, 2024
 574 $1.3B
Q1 2024 13F
Filed May 10, 2024
 583 $1.3B
Q4 2023 13F
Filed Feb 9, 2024
 560 $1.2B
Q3 2023 13F
Filed Nov 9, 2023
 560 $1.1B
Q2 2023 13F
Filed Aug 11, 2023
 551 $1.1B
Q1 2023 13F
Filed May 10, 2023
 551 $1.2B
Q4 2022 13F
Filed Feb 13, 2023
 545 $1.2B
Q3 2022 13F
Filed Nov 10, 2022
 534 $1.1B
Q2 2022 13F
Filed Aug 12, 2022
 534 $1.2B
Q1 2022 13F
Filed Apr 28, 2022
 545 $1.5B
Q4 2021 13F
Filed Feb 7, 2022
 552 $1.5B
Q3 2021 13F
Filed Oct 21, 2021
 550 $1.3B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q1 2024

# Holding Reported value % of portfolio
1 CLS CELESTICA INC COM $44.1M 3.49%
2 BHC BAUSCH HEALTH COS INC COM $36.1M 2.86%
3 DCBO DOCEBO INC $36.1M 2.86%
4 EGO ELDORADO GOLD CORP NEW $30.1M 2.38%
5 MFC MANULIFE FINL CORP COM $28.3M 2.24%
6 CM CANADIAN IMPERIAL BK COMM TO $24.0M 1.9%
7 RY ROYAL BK CDA COM $22.2M 1.76%
8 SHOP SHOPIFY INC $19.2M 1.52%
9 NOA NORTH AMERN CONSTR GROUP LTD $18.7M 1.48%
10 STN STANTEC INC $16.3M 1.29%
11 WCN WASTE CONNECTIONS INC NEW COM $14.0M 1.11%
12 CNQ CANADIAN NAT RES LTD $13.0M 1.03%
13 EEMS ISHARES INC EM MKT SM-CP ETF $12.4M 0.98%
14 BN BROOKFIELD CORP CL A LTD VT SH $12.1M 0.96%
15 SLF SUN LIFE FINANCIAL INC. COM $11.0M 0.87%
16 QSR RESTAURANT BRANDS INTL INC $10.5M 0.83%
17 GIB CGI INC CL A SUB VTG $10.5M 0.83%
18 CP CANADIAN PACIFIC KANSAS CITY $10.4M 0.82%
19 BNS BANK NOVA SCOTIA HALIFAX $10.2M 0.8%
20 RBA RB GLOBAL INC $10.1M 0.8%

Values as reported on the Q1 2024 Form 13F. Every position is in the holdings table below.

Loading Activities
Loading Sector Allocation
Crunching numbers
Loading Performance
Finding Potential New Buys
Building table
Loading SEC filing data
Loading Form 4 Filings
Loading 13D/G filings