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Heathbridge Capital Management Ltd.

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13F filer, CIK 1503269, TORONTO, Ontario, Canada

Heathbridge Capital Management Ltd. reported $248,943,750 across 26 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-23. Its ten largest share positions make up 68.43% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001062993-25-013083

Period
2025-06-30
Reported value
$249M
Holdings
26
Top 10 weight
68.43%
New
1
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SOBOnew+207,600$5.38M
MFCadded+4,000$128K
CNQadded+50$1.57K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NVOexited-117,950-$8.19M
ATSexited-323,300-$8.07M
ADPreduced-5,575-$1.72M
AEPreduced-3,050-$316K
VZreduced-6,100-$264K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001062993-25-013083, largest first. % of portfolio is the value over $248,943,750, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AEPAMERICAN ELEC PWR CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 232,500 shares; 2024Q4: 230,750 shares; 2025Q1: 225,400 shares; 2025Q2: 222,350 shares 222,350$23.1M9.27%-3,050Timeline
TDTORONTO DOMINION BK ONTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 253,580 shares; 2024Q4: 302,200 shares; 2025Q1: 297,050 shares; 2025Q2: 294,800 shares 294,800$21.6M8.69%-2,250Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 489,400 shares; 2024Q4: 493,100 shares; 2025Q1: 484,700 shares; 2025Q2: 478,600 shares 478,600$20.7M8.32%-6,100Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 514,575 shares; 2024Q4: 416,062 shares; 2025Q1: 409,100 shares; 2025Q2: 406,600 shares 406,600$19.8M7.96%-2,500Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,645 shares; 2024Q4: 37,170 shares; 2025Q1: 36,645 shares; 2025Q2: 36,220 shares 36,220$18M7.24%-425Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,800 shares; 2024Q4: 187,800 shares; 2025Q1: 146,300 shares; 2025Q2: 144,550 shares 144,550$17.2M6.91%-1,750Timeline
MFCMANULIFE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 643,550 shares; 2024Q4: 474,950 shares; 2025Q1: 466,850 shares; 2025Q2: 470,850 shares 470,850$15M6.04%+4,000Timeline
TUTELUS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 808,000 shares; 2024Q4: 800,600 shares; 2025Q1: 784,500 shares; 2025Q2: 778,400 shares 778,400$12.5M5.01%-6,100Timeline
CAECAE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 454,800 shares; 2024Q4: 450,700 shares; 2025Q1: 388,300 shares; 2025Q2: 386,050 shares 386,050$11.3M4.54%-2,250Timeline
HLNHALEON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,125,400 shares; 2024Q4: 1,109,300 shares; 2025Q1: 1,084,800 shares; 2025Q2: 1,071,500 shares 1,071,500$11.1M4.46%-13,300Timeline
RYROYAL BK CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,500 shares; 2024Q4: 91,300 shares; 2025Q1: 82,500 shares; 2025Q2: 82,500 shares 82,500$10.9M4.36%0Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 315,100 shares; 2024Q4: 310,750 shares; 2025Q1: 305,650 shares; 2025Q2: 305,700 shares 305,700$9.59M3.85%+50Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,025 shares; 2024Q4: 123,875 shares; 2025Q1: 121,725 shares; 2025Q2: 120,725 shares 120,725$9.57M3.85%-1,000Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,850 shares; 2024Q4: 62,550 shares; 2025Q1: 61,325 shares; 2025Q2: 60,700 shares 60,700$9.47M3.8%-625Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 55,050 shares; 2025Q1: 52,975 shares; 2025Q2: 52,400 shares 52,400$9.23M3.71%-575Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,773 shares; 2024Q4: 34,175 shares; 2025Q1: 33,300 shares; 2025Q2: 27,725 shares 27,725$8.55M3.43%-5,575Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,200 shares; 2024Q4: 143,800 shares; 2025Q1: 143,050 shares; 2025Q2: 142,600 shares 142,600$5.76M2.31%-450Timeline
MGAMAGNA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,325 shares; 2024Q4: 150,325 shares; 2025Q1: 146,975 shares; 2025Q2: 145,925 shares 145,925$5.63M2.26%-1,050Timeline
SOBOSOUTH BOW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 207,600 shares 207,600$5.38M2.16%newTimeline
HBMHUDBAY MINERALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 319,515 shares; 2024Q4: 294,615 shares; 2025Q1: 271,525 shares; 2025Q2: 263,825 shares 263,825$2.79M1.12%-7,700Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,300 shares; 2024Q4: 8,600 shares; 2025Q1: 10,300 shares; 2025Q2: 10,300 shares 10,300$600K0.24%0Timeline
FITBFIFTH THIRD BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,900 shares; 2024Q4: 13,350 shares; 2025Q1: 12,200 shares; 2025Q2: 12,200 shares 12,200$502K0.2%0Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,150 shares; 2024Q4: 1,150 shares; 2025Q1: 1,050 shares; 2025Q2: 1,050 shares 1,050$242K0.1%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 475 shares; 2024Q4: 475 shares; 2025Q1: 425 shares; 2025Q2: 425 shares 425$239K0.1%0Timeline
DNNDENISON MINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,300 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares 100,000$183K0.07%0Timeline
ORGNWORIGIN MATERIALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,600 shares; 2024Q4: 16,600 shares; 2025Q1: 16,600 shares; 2025Q2: 16,600 shares 16,600$319<0.01%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NVONOVO-NORDISK A S117,950$8.19Mshares
ATSATS CORPORATION323,300$8.07Mshares
SLFSUN LIFE FINANCIAL INC.4,000$229Kshares
VRSKVERISK ANALYTICS INC750$223Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001062993-25-013083 base2025-07-23acceptance time not in the bulk data set