Caldwell Investment Management Ltd.

Q4 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
29
Total value ($000)
$162,649
Net value change ($000)
+10,291 (6.8%)
New positions
9
Sold out positions
6
Turnover %
50.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/27/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
KKR 25,711 NEW
MIAX 6,670 24.7%
EFXT 6,438 NEW
MFC 3,835 NEW
CLS 2,663 NEW
TFII 1,484 NEW
J 1,472 NEW
AVGO 1,433 NEW
CCJ 1,083 40.7%
CBOE 968 3.3%
Top Reduces (Value $000, Stocks/ETFs)
BANK OF AMERICA INC -18,342 -100.0%
STN -6,118 -100.0%
RBA -5,889 -100.0%
AGI -5,818 -100.0%
AEM -1,689 -17.2%
BKNG -1,227 -100.0%
ORLY -968 -100.0%
V -929 -53.6%
META -862 -55.2%
BABA -652 -18.1%
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