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Institutional Investment Manager
Hillsdale Investment Management Inc.
Hillsdale Investment Management Inc. (CIK: 0001368465), located at 1 First Canadian Place, Toronto, A6. Institutional holdings reported to the SEC.

Institutional Holdings (2017Q1)
Portfolio Summary: 471 holdings with a total value of $503,425,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 GREEN BANCORP INC 56,700 1,009,000 0.20%
102 DYNEX CAP INC 142,260 1,009,000 0.20%
103 BLUCORA INC 58,100 1,005,000 0.20%
104 NMI HLDGS INC CL A 87,800 1,001,000 0.20%
105 GLOBAL X FDS 46,500 997,000 0.20%
106 PREFERRED BK LOS ANGELES CA 18,500 993,000 0.20%
107 CUTERA INC COM 47,800 989,000 0.20%
108 CHILDRENS PL INC 8,200 984,000 0.20%
109 CHARTER FINL CORP MD 49,900 982,000 0.20%
110 OLD LINE BANCSHARES INC COM 34,460 981,000 0.19%
111 EXFO INC 187,000 980,000 0.19%
112 WEST PHARMACEUTICAL SVSC INC 12,000 979,000 0.19%
113 HANCOCK WHITNEY CORPORATION 21,400 975,000 0.19%
114 VanEck Vectors International High Yield Bond ETF 39,550 972,000 0.19%
115 STATE NATL COS INC COM 67,500 972,000 0.19%
116 PHIBRO ANIMAL HEALTH CORP CL A COM 34,500 969,000 0.19%
117 ALPHA AND OMEGA SEMICONDUCTOR SHS 56,300 968,000 0.19%
118 FAIR ISAAC CORP 7,500 967,000 0.19%
119 TECH DATA CORP 10,300 967,000 0.19%
120 BARRACUDA NETWORKS INC 41,800 966,000 0.19%
121 EVOLUTION PETE CORP 120,800 966,000 0.19%
122 XCERRA CORP 107,300 954,000 0.19%
123 EMPLOYERS HOLDINGS INC 25,100 953,000 0.19%
124 INPHI CORPORATION 19,500 952,000 0.19%
125 Silicon Laboratories Inc 12,900 949,000 0.19%
126 INDEPENDENT BK CORP MICH 45,800 948,000 0.19%
127 FIRST MERCHANTS CORP COM 24,100 948,000 0.19%
128 TRINSEO S A 14,100 946,000 0.19%
129 SANDY SPRING BANCORP INC COM 23,000 943,000 0.19%
130 HACKETT GROUP INC 48,400 943,000 0.19%
131 KFORCE INC COM 39,700 943,000 0.19%
132 SYNNEX CORP 8,400 940,000 0.19%
133 MAGELLAN HEALTH INC COM NEW 13,500 932,000 0.19%
134 HALLADOR ENERGY COMPANY 116,100 930,000 0.18%
135 UBS AG JERSEY BRH 31,600 922,000 0.18%
136 ALPS ETF TR 71,600 910,000 0.18%
137 HOOKER FURNITURE CORP 29,200 907,000 0.18%
138 RUSH ENTERPRISES INC CL A 27,300 903,000 0.18%
139 PZENA INVESTMENT MGMT INC CLASS A 91,300 899,000 0.18%
140 PROSHARES ULTRASHORT FTSE EUROPE 20,145 877,000 0.17%
141 HERITAGE CRYSTAL CLEAN INC COM 63,980 876,000 0.17%
142 APOLLO GLOBAL MGMT LLC 35,860 872,000 0.17%
143 ARCBEST CORP COM 33,000 858,000 0.17%
144 ULTRATECH INC COM 28,800 853,000 0.17%
145 FORTUNA SILVER MINES INC 161,000 836,000 0.17%
146 FONAR CORP 47,300 830,000 0.16%
147 FIRST FINANCIAL NORTHWEST IN COM 46,200 816,000 0.16%
148 ARGAN INC 12,300 814,000 0.16%
149 FRANCO NEVADA CORP 12,050 789,000 0.16%
150 NEFF CORP COM CL A 39,100 760,000 0.15%
Page 3 of 10

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-17-004090, filed 2017.05.09).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.