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Heathbridge Capital Management Ltd.

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

Heathbridge Capital Management Ltd. reported $261,737,488 across 29 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-05. Its ten largest share positions make up 66.35% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001062993-26-000635

Period
2025-12-31
Reported value
$262M
Holdings
29
Top 10 weight
66.35%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SOBOadded+214,150$5.9M
TUadded+387,700$5.12M
VZadded+57,800$2.35M
ADPadded+2,715$698K
OKEnew+8,550$628K

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
MGAexited-144,775-$6.86M
AEPreduced-44,250-$5.1M
GOOGLreduced-14,375-$4.5M
AEMreduced-23,415-$3.98M
HBMreduced-51,090-$1.02M

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, Q4 2025

Share positions as resolved from 13F-HR 0001062993-26-000635, largest first. % of portfolio is the value over $261,737,488, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TDTORONTO DOMINION BK ONTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 253,580 shares; 2024Q4: 302,200 shares; 2025Q1: 297,050 shares; 2025Q2: 294,800 shares; 2025Q3: 249,550 shares; 2025Q4: 245,100 shares 245,100$23.1M8.84%-4,450Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 489,400 shares; 2024Q4: 493,100 shares; 2025Q1: 484,700 shares; 2025Q2: 478,600 shares; 2025Q3: 474,000 shares; 2025Q4: 531,800 shares 531,800$21.7M8.28%+57,800Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 514,575 shares; 2024Q4: 416,062 shares; 2025Q1: 409,100 shares; 2025Q2: 406,600 shares; 2025Q3: 403,400 shares; 2025Q4: 385,100 shares 385,100$21.2M8.11%-18,300Timeline
AEPAMERICAN ELEC PWR CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 232,500 shares; 2024Q4: 230,750 shares; 2025Q1: 225,400 shares; 2025Q2: 222,350 shares; 2025Q3: 220,050 shares; 2025Q4: 175,800 shares 175,800$20.3M7.74%-44,250Timeline
MFCMANULIFE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 643,550 shares; 2024Q4: 474,950 shares; 2025Q1: 466,850 shares; 2025Q2: 470,850 shares; 2025Q3: 467,550 shares; 2025Q4: 459,350 shares 459,350$16.7M6.38%-8,200Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,800 shares; 2024Q4: 187,800 shares; 2025Q1: 146,300 shares; 2025Q2: 144,550 shares; 2025Q3: 116,550 shares; 2025Q4: 93,135 shares 93,135$15.8M6.04%-23,415Timeline
TUTELUS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 808,000 shares; 2024Q4: 800,600 shares; 2025Q1: 784,500 shares; 2025Q2: 778,400 shares; 2025Q3: 772,800 shares; 2025Q4: 1,160,500 shares 1,160,500$15.3M5.85%+387,700Timeline
RYROYAL BK CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,500 shares; 2024Q4: 91,300 shares; 2025Q1: 82,500 shares; 2025Q2: 82,500 shares; 2025Q3: 82,500 shares; 2025Q4: 82,500 shares 82,500$14.1M5.38%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,645 shares; 2024Q4: 37,170 shares; 2025Q1: 36,645 shares; 2025Q2: 36,220 shares; 2025Q3: 29,025 shares; 2025Q4: 28,380 shares 28,380$13.7M5.24%-645Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 55,050 shares; 2025Q1: 52,975 shares; 2025Q2: 52,400 shares; 2025Q3: 51,775 shares; 2025Q4: 37,400 shares 37,400$11.7M4.47%-14,375Timeline
SOBOSOUTH BOW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 207,600 shares; 2025Q3: 205,800 shares; 2025Q4: 419,950 shares 419,950$11.6M4.42%+214,150Timeline
CAECAE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 454,800 shares; 2024Q4: 450,700 shares; 2025Q1: 388,300 shares; 2025Q2: 386,050 shares; 2025Q3: 383,450 shares; 2025Q4: 377,600 shares 377,600$11.5M4.39%-5,850Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 315,100 shares; 2024Q4: 310,750 shares; 2025Q1: 305,650 shares; 2025Q2: 305,700 shares; 2025Q3: 342,300 shares; 2025Q4: 338,100 shares 338,100$11.5M4.38%-4,200Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,200 shares; 2024Q4: 143,800 shares; 2025Q1: 143,050 shares; 2025Q2: 142,600 shares; 2025Q3: 234,050 shares; 2025Q4: 232,300 shares 232,300$11.1M4.26%-1,750Timeline
HLNHALEON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,125,400 shares; 2024Q4: 1,109,300 shares; 2025Q1: 1,084,800 shares; 2025Q2: 1,071,500 shares; 2025Q3: 1,064,000 shares; 2025Q4: 1,050,050 shares 1,050,050$10.6M4.06%-13,950Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,025 shares; 2024Q4: 123,875 shares; 2025Q1: 121,725 shares; 2025Q2: 120,725 shares; 2025Q3: 119,525 shares; 2025Q4: 117,675 shares 117,675$8.68M3.31%-1,850Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,773 shares; 2024Q4: 34,175 shares; 2025Q1: 33,300 shares; 2025Q2: 27,725 shares; 2025Q3: 27,375 shares; 2025Q4: 30,090 shares 30,090$7.74M2.96%+2,715Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,850 shares; 2024Q4: 62,550 shares; 2025Q1: 61,325 shares; 2025Q2: 60,700 shares; 2025Q3: 60,050 shares; 2025Q4: 59,425 shares 59,425$7.48M2.86%-625Timeline
HBMHUDBAY MINERALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 319,515 shares; 2024Q4: 294,615 shares; 2025Q1: 271,525 shares; 2025Q2: 263,825 shares; 2025Q3: 263,000 shares; 2025Q4: 211,910 shares 211,910$4.21M1.61%-51,090Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,300 shares; 2024Q4: 8,600 shares; 2025Q1: 10,300 shares; 2025Q2: 10,300 shares; 2025Q3: 8,350 shares; 2025Q4: 6,850 shares 6,850$684K0.26%-1,500Timeline
OKEONEOK INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,550 shares 8,550$628K0.24%newTimeline
FITBFIFTH THIRD BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,900 shares; 2024Q4: 13,350 shares; 2025Q1: 12,200 shares; 2025Q2: 12,200 shares; 2025Q3: 12,050 shares; 2025Q4: 12,050 shares 12,050$564K0.22%0Timeline
VRSKVERISK ANALYTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 925 shares; 2024Q4: 925 shares; 2025Q1: 750 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,210 shares 2,210$494K0.19%newTimeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,675 shares; 2025Q4: 2,675 shares 2,675$322K0.12%0Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 475 shares; 2025Q4: 475 shares 475$275K0.11%0Timeline
DNNDENISON MINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,300 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares; 2025Q4: 100,000 shares 100,000$266K0.1%0Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,150 shares; 2024Q4: 1,150 shares; 2025Q1: 1,050 shares; 2025Q2: 1,050 shares; 2025Q3: 1,000 shares; 2025Q4: 1,000 shares 1,000$231K0.09%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 475 shares; 2024Q4: 475 shares; 2025Q1: 425 shares; 2025Q2: 425 shares; 2025Q3: 400 shares; 2025Q4: 400 shares 400$228K0.09%0Timeline
ORGNWORIGIN MATERIALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,600 shares; 2024Q4: 16,600 shares; 2025Q1: 16,600 shares; 2025Q2: 16,600 shares; 2025Q3: 16,600 shares; 2025Q4: 16,600 shares 16,600$78<0.01%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
MGAMAGNA INTL INC144,775$6.86Mshares

How Q4 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 0001062993-26-000635 base2026-02-05acceptance time not in the bulk data set