HILLSDALE INVESTMENT MANAGEMENT INC
Q3 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 204 total accounts under management (AUM). There are 204 discretionary accounts valued at $4,460,003,433, 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
+8.3%
Holdings
585
Top-10 concentration
20.0%

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
Q2 2024
Q4 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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Q3 2024 13F filing summary

Period of report September 30, 2024
Filed November 12, 2024
Form 13F-HR
Reported value $1.3B
Positions 585
Change in reported value +2.3%
New positions 150
Exited positions 139
Position turnover 39.9%
Top-10 concentration 20.0%

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 · Q3 2024

# Holding Reported value % of portfolio
1 EGO ELDORADO GOLD CORP NEW $45.3M 3.49%
2 CGAU CENTERRA GOLD INC $38.9M 3.0%
3 CLS CELESTICA INC COM $31.0M 2.39%
4 PRMW PRIMO WATER CORPORATION COM $24.9M 1.92%
5 CM CANADIAN IMPERIAL BK COMM $24.8M 1.91%
6 RY ROYAL BK CDA COM $23.9M 1.84%
7 MFC MANULIFE FINL CORP COM $23.8M 1.83%
8 IAG IAMGOLD CORP COM $16.9M 1.3%
9 AEM AGNICO EAGLE MINES LTD COM $15.2M 1.17%
10 AGI ALAMOS GOLD INC NEW $14.8M 1.14%
11 WCN WASTE CONNECTIONS INC NEW COM $14.5M 1.12%
12 NGD NEW GOLD INC CDA $13.9M 1.07%
13 SU SUNCOR ENERGY INC NEW $13.3M 1.03%
14 PBA PEMBINA PIPELINE CORP COM $12.1M 0.93%
15 GIL GILDAN ACTIVEWEAR INC COM $11.1M 0.86%
16 KGC KINROSS GOLD CORP COM $11.1M 0.85%
17 BNS BANK NOVA SCOTIA HALIFAX $10.2M 0.79%
18 NEM NEWMONT CORP COM $9.1M 0.7%
19 LSPD LIGHTSPEED COMMERCE INC $8.9M 0.69%
20 FSM FORTUNA MNG CORP $8.8M 0.68%

Values as reported on the Q3 2024 Form 13F. Every position is in the holdings table below.

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