HGC Investment Management Inc.

Q3 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
124
Total value ($000)
$410,524
Net value change ($000)
+50,596 (14.1%)
New positions
43
Sold out positions
32
Turnover %
84.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AACB 15,255 NEW
SOUL 13,151 NEW
CEPF 12,731 NEW
SIDDHI ACQUISITION CORP 12,688 NEW
DMII 11,934 NEW
PYROPHYTE ACQUISITION CORP. 8,611 NEW
MBVI 8,602 NEW
VRNA 7,885 NEW
AEXA 7,651 NEW
FCRS 7,420 NEW
Top Reduces (Value $000, Stocks/ETFs)
AACB -15,495 -100.0%
SOUL -13,266 -100.0%
SDHI -12,888 -100.0%
SKAA -10,283 -100.0%
IPCX -9,980 -100.0%
SZZL -6,688 -100.0%
AHC -6,276 -100.0%
IBIT -5,897 -67.9%
WENN -5,814 -100.0%
RDAG -5,434 -53.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type