HILLSDALE INVESTMENT MANAGEMENT INC
Q2 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
-1.0%
Holdings
574
Top-10 concentration
21.4%

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
Q1 2024
Q3 2024
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q2 2024 13F filing summary

Period of report June 30, 2024
Filed August 13, 2024
Form 13F-HR
Reported value $1.3B
Positions 574
Change in reported value +0.4%
New positions 139
Exited positions 148
Position turnover 39.8%
Top-10 concentration 21.4%

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 · Q2 2024

# Holding Reported value % of portfolio
1 CLS CELESTICA INC COM $48.2M 3.79%
2 EGO ELDORADO GOLD CORP NEW $38.9M 3.06%
3 PRMW PRIMO WATER CORPORATION COM $36.1M 2.84%
4 FSM FORTUNA MNG CORP $25.8M 2.03%
5 CGAU CENTERRA GOLD INC $25.3M 1.99%
6 CM CANADIAN IMPERIAL BK COMM TO $21.4M 1.68%
7 SU SUNCOR ENERGY INC NEW $20.3M 1.6%
8 RY ROYAL BK CDA COM $19.8M 1.56%
9 MFC MANULIFE FINL CORP COM $18.0M 1.42%
10 TGB TASEKO MINES LTD $17.7M 1.4%
11 LSPD LIGHTSPEED COMMERCE INC $15.7M 1.24%
12 WCN WASTE CONNECTIONS INC NEW COM $14.2M 1.12%
13 SILV SILVERCREST METALS INC $13.7M 1.08%
14 AEM AGNICO EAGLE MINES LTD COM $12.2M 0.96%
15 IAG IAMGOLD CORP COM $12.1M 0.95%
16 CNQ CANADIAN NAT RES LTD $11.6M 0.91%
17 AGI ALAMOS GOLD INC NEW $11.5M 0.91%
18 HBM HUDBAY MINERALS INC $11.4M 0.9%
19 KGC KINROSS GOLD CORP COM $11.2M 0.88%
20 TRI THOMSON REUTERS CORP. COM $11.0M 0.86%

Values as reported on the Q2 2024 Form 13F. Every position is in the holdings table below.

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