Heathbridge Capital Management
TORONTO, A6files as Heathbridge Capital Management Ltd.
$292m in 28 US stocks at the end of 30 June 2026. The top 10 are 60.0% of the money. It changed about 13.1% of the portfolio this quarter.
Value
$292m
Stocks
28
Top 10 share
60.0%
Turnover
13.1%
What changed this quarter
New
Bought for the first time this quarter.
- Thomson Reuters Corp /canTRI5.3% of the fund
- Gold RoyaltyGROY<0.1% of the fund
Added
Bought more of a stock they already held.
- TelusTU5.3% of the fund+27%
- CAECAE4.1% of the fund+27%
- Verisk AnalyticsVRSK4.0% of the fund+2113%
- ZoetisZTS3.7% of the fund+155%
- Thermo Fisher ScientificTMO0.1% of the fund+47%
Cut
Sold some of their stake.
- Toronto Dominion BankTD8.8% of the fund-13%
- American Electric PowerAEP6.2% of the fund-25%
- Royal Bank of CanadaRY5.3% of the fund-10%
- AlphabetGOOGL3.8% of the fund-16%
- Teck ResourcesTECK3.4% of the fund-27%
- Hudbay MineralsHBM1.1% of the fund-24%
Sold out
Sold their entire stake.
- Thomson Reuters-100%
- Union PacificUNP-100%
- Origin Materials-100%
Holdings
- Toronto Dominion BankTD
- Share
- 8.8%
- Value
- $26m
- Shares
- 212,550
-13%
- TC EnergyTRP
- Share
- 6.6%
- Value
- $19m
- Shares
- 293,225
Held
- Manulife FinancialMFC
- Share
- 6.3%
- Value
- $18m
- Shares
- 456,800
Held
- Thomson Reuters Corp /canTRI
- Share
- 5.3%
- Value
- $16m
- Shares
- 190,743
New
- TelusTU
- Share
- 5.3%
- Value
- $15m
- Shares
- 1,466,100
+27%
- Royal Bank of CanadaRY
- Share
- 5.3%
- Value
- $15m
- Shares
- 74,500
-10%
- Agnico Eagle MinesAEM
- Share
- 4.9%
- Value
- $14m
- Shares
- 92,910
Held
- CAECAE
- Share
- 4.1%
- Value
- $12m
- Shares
- 476,800
+27%
- South BowSOBO
- Share
- 4.1%
- Value
- $12m
- Shares
- 338,000
Held
- Canadian Natural ResourcesCNQ
- Share
- 3.8%
- Value
- $11m
- Shares
- 281,325
Held
- Teck ResourcesTECK
- Share
- 3.4%
- Value
- $10m
- Shares
- 165,450
-27%
- Hudbay MineralsHBM
- Share
- 1.1%
- Value
- $3m
- Shares
- 139,250
-24%
- Denison MinesDNN
- Share
- 0.1%
- Value
- $306,122
- Shares
- 100,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Toronto Dominion BankTD | 8.8% | $26m | 212,550 | -13% |
| Verizon CommunicationsVZ | 7.0% | $20m | 480,050 | Held |
| TC EnergyTRP | 6.6% | $19m | 293,225 | Held |
| Manulife FinancialMFC | 6.3% | $18m | 456,800 | Held |
| American Electric PowerAEP | 6.2% | $18m | 131,600 | -25% |
| Thomson Reuters Corp /canTRI | 5.3% | $16m | 190,743 | New |
| TelusTU | 5.3% | $15m | 1,466,100 | +27% |
| Royal Bank of CanadaRY | 5.3% | $15m | 74,500 | -10% |
| Agnico Eagle MinesAEM | 4.9% | $14m | 92,910 | Held |
| Automatic Data ProcessingADP | 4.3% | $13m | 56,475 | Held |
| CAECAE | 4.1% | $12m | 476,800 | +27% |
| South BowSOBO | 4.1% | $12m | 338,000 | Held |
| Verisk AnalyticsVRSK | 4.0% | $12m | 65,275 | +2113% |
| Kimberly-ClarkKMB | 4.0% | $12m | 105,600 | Held |
| AlphabetGOOGL | 3.8% | $11m | 31,335 | -16% |
| Canadian Natural ResourcesCNQ | 3.8% | $11m | 281,325 | Held |
| ZoetisZTS | 3.7% | $11m | 150,725 | +155% |
| MicrosoftMSFT | 3.6% | $10m | 28,140 | Held |
| Canadian Pacific Kansas CityCP | 3.5% | $10m | 117,025 | Held |
| Teck ResourcesTECK | 3.4% | $10m | 165,450 | -27% |
| Hudbay MineralsHBM | 1.1% | $3m | 139,250 | -24% |
| OneokOKE | 0.2% | $721,602 | 8,300 | Held |
| Fifth Third BancorpFITB | 0.2% | $659,529 | 11,700 | Held |
| NewmontNEM | 0.2% | $499,690 | 5,350 | Held |
| ExxonMobil HoldingsXOM | 0.1% | $352,054 | 2,575 | Held |
| Thermo Fisher ScientificTMO | 0.1% | $330,898 | 660 | +47% |
| Denison MinesDNN | 0.1% | $306,122 | 100,000 | Held |
| Gold RoyaltyGROY | <0.1% | $55,200 | 20,000 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 17.5% since 30 June 2025.
Where the money is
Media & telecom21.4%
Financial services20.6%
Utilities12.8%
Industrials11.8%
Materials9.7%
Energy8.2%
Technology7.7%
Everyday goods4.0%
Health care3.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.