HILLSDALE INVESTMENT MANAGEMENT INC
Q4 2024 Form 13-F

TORONTO, ONTARIO, CANADA
CIK 0001368465 · CRD 137883 · SEC-registered investment adviser
$2.0B 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
$2.0B
Quarter over quarter
+2.2%
Holdings
575
Top-10 concentration
31.0%

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
Q3 2024
Q1 2025
Go to latest

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

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Q4 2024 13F filing summary

Period of report December 31, 2024
Filed February 11, 2025
Form 13F-HR
Reported value $2.0B
Positions 575
Change in reported value +52.3%
New positions 120
Exited positions 130
Position turnover 35.5%
Top-10 concentration 31.0%

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 · Q4 2024

# Holding Reported value % of portfolio
1 RY Royal Bank of Canada $106.1M 5.37%
2 MFC Manulife Financial Corp $78.1M 3.95%
3 ENB Enbridge Inc $65.5M 3.31%
4 SHOP SHOPIFY INC $64.0M 3.24%
5 CM Canadian Imperial Bank of Commerce $60.8M 3.07%
6 AEM Agnico Eagle Mines Ltd $55.4M 2.8%
7 EFXT Enerflex Ltd $48.7M 2.46%
8 PBA Pembina Pipeline Corp $47.6M 2.41%
9 BNS The Bank of Nova Scotia $47.4M 2.4%
10 BMO Bank of Montreal $40.2M 2.04%
11 WCN Waste Connections Inc. $39.9M 2.02%
12 MEOH Methanex Corp $38.3M 1.94%
13 KGC Kinross Gold Corp $30.1M 1.52%
14 DCBO Docebo Inc $27.4M 1.38%
15 SU Suncor Energy Inc. $27.3M 1.38%
16 TD Toronto-Dominion Bank (The) $24.3M 1.23%
17 GIL Gildan Activewear Inc $23.8M 1.2%
18 EGO Eldorado Gold Corp $23.8M 1.2%
19 NGD New Gold Inc $23.7M 1.2%
20 TRI Thomson Reuters Corp $20.2M 1.02%

Values as reported on the Q4 2024 Form 13F. Every position is in the holdings table below.

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