Institutional Manager · CIK 0001904373
Caldwell Investment Management Ltd.
TORONTO, A6 · File #028-21806
Latest AUM
$162.6M
Positions
29
Top-10 Concentration
83.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | KKR & CO INC | KKRT | +200,000 | +$25.7M | $0 |
| EXITED | BANK OF AMERICA INC | 060606104 | -350,000 | -$18.3M | $0 |
| NEW | ENERFLEX LTD | EFXT | +411,000 | +$6.4M | $0 |
| EXITED | STANTEC INC | 85472N109 | -57,900 | -$6.1M | $0 |
| EXITED | RB GLOBAL INC | 74935Q107 | -54,800 | -$5.9M | $0 |
| EXITED | ALAMOS GOLD INC | 011532108 | -168,000 | -$5.8M | $0 |
| NEW | MANULIFE FINL CORP | 56501R106 | +105,000 | +$3.8M | $0 |
| ADD | MIAMI INTERNATIONAL INC | 59356Q108 | +75,000 | +$3.4M | +$3.2M |
| NEW | CELESTICA INC | CLS | +8,900 | +$2.7M | $0 |
| REDUCE | AGNICO EAGLE MINES LTD | AEM | -11,500 | -$2.0M | +$285,184 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202529 pos · $162.6M
- 13F HOLDINGS REPORTQ/E Sep 202526 pos · $152.4M
- 13F HOLDINGS REPORTQ/E Jun 202520 pos · $115.4M
- 13F HOLDINGS REPORTQ/E Mar 202531 pos · $134.8M
- 13F HOLDINGS REPORTQ/E Dec 202434 pos · $148.3M
- 13F HOLDINGS REPORTQ/E Sep 202432 pos · $142.6M
- 13F HOLDINGS REPORTQ/E Jun 202433 pos · $132.9M
- 13F HOLDINGS REPORTQ/E Mar 202434 pos · $134.4M
- 13F HOLDINGS REPORTQ/E Dec 202327 pos · $102.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MIAMI INTERNATIONAL INC | 59356Q108 | 738,810 | $33.7M | 20.74% |
| 2 | CBOE GLOBAL MKTS INC | 12503M108 | 118,000 | $30.0M | 18.45% |
| 3 | KKR & CO INC | KKRT | 200,000 | $25.7M | 15.81% |
| 4 | INTERCONTINENTAL EXCH INC. | 45866F104 | 100,000 | $16.3M | 10.02% |
| 5 | AGNICO EAGLE MINES LTD | AEM | 47,200 | $8.1M | 4.98% |
| 6 | ENERFLEX LTD | EFXT | 411,000 | $6.4M | 3.96% |
| 7 | JP MORGAN CHASE & CO | VYLD | 12,700 | $4.1M | 2.52% |
| 8 | MANULIFE FINL CORP | 56501R106 | 105,000 | $3.8M | 2.36% |
| 9 | CAMECO CORPORATION | CCJ | 41,000 | $3.7M | 2.30% |
| 10 | ELECTROVAYA INC | ELVA | 398,000 | $3.1M | 1.90% |
| 11 | ALIBABA GRP HLDG LTD | BBAAY | 20,000 | $2.9M | 1.81% |
| 12 | CELESTICA INC | CLS | 8,900 | $2.7M | 1.64% |
| 13 | AMAZON COM INC | AMZN | 9,300 | $2.2M | 1.33% |
| 14 | CENOVUS ENERGY INC | CVE | 110,800 | $1.9M | 1.16% |
| 15 | MCKESSON CORP | MCK | 2,200 | $1.8M | 1.12% |
| 16 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 27,100 | $1.8M | 1.08% |
| 17 | ATS CORP CDA | ATS | 60,800 | $1.7M | 1.04% |
| 18 | TFI INTERNATIONAL INC | 87241L109 | 14,200 | $1.5M | 0.91% |
| 19 | JACOBS SOLUTIONS INC | J | 11,000 | $1.5M | 0.91% |
| 20 | BROADCOM INC | AVGO | 4,100 | $1.4M | 0.88% |