Silver Heights Capital Management
TORONTO, A6files as Silver Heights Capital Management Inc
$324m in 4 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 0.8% of the portfolio this quarter.
Value
$324m
Stocks
4
Top 10 share
100.0%
Turnover
0.8%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- AdobeADBE14.0% of the fund+45%
Cut
Sold some of their stake.
- Iridium CommunicationsIRDM55.4% of the fund-36%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Iridium CommunicationsIRDM | 55.4% | $180m | 3,274,947 | -36% |
| HeicoHEI-A | 15.7% | $51m | 196,891 | Held |
| CarMaxKMX | 14.9% | $48m | 912,993 | Held |
| AdobeADBE | 14.0% | $45m | 221,426 | +45% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 23.6% since 30 June 2025.
Where the money is
Media & telecom55.4%
Industrials15.7%
Retail & consumer14.9%
Technology14.0%
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.