# Grayhawk Investment Strategies Inc.

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1684956. Source: https://holderbook.com/funds/1684956-grayhawk-investment-strategies-inc/

- Reported value: $43.9M
- Positions: 120
- Weight of the ten largest: 85.1%
- Filed: 2025-05-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $6.4M | 108,050 | 14.5% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.5M | 9,706 | 12.4% | 2 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $5.1M | 27,730 | 11.6% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $4.2M | 41,950 | 9.6% | 3 |
| HARBOR ETF TRUST | [HGER](https://holderbook.com/stocks/HGER/) | $3.9M | 162,782 | 8.9% | 4 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $3.6M | 38,914 | 8.3% | 2 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $3.6M | 6,706 | 8.3% | 3 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $2.5M | 7,600 | 5.8% | 3 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $1.3M | 25,930 | 2.9% | 2 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $1.2M | 16,370 | 2.7% | 8 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $583.5K | 18,810 | 1.3% | 8 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $541.4K | 3,586 | 1.2% | 3 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $522.3K | 2,044 | 1.2% | 3 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $416.6K | 5,097 | 0.9% | 2 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $310.0K | 2,752 | 0.7% | 2 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $289.2K | 3,712 | 0.7% | 2 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $264.2K | 4,409 | 0.6% | 2 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $184.3K | 3,221 | 0.4% | 2 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $146.4K | 2,797 | 0.3% | 2 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $137.2K | 3,101 | 0.3% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $130.6K | 588 | 0.3% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $118.2K | 315 | 0.3% | 12 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $116.7K | 599 | 0.3% | 2 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $116.3K | 3,004 | 0.3% | 2 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $111.7K | 4,866 | 0.3% | 2 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $96.0K | 3,081 | 0.2% | 2 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $95.1K | 1,355 | 0.2% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $90.5K | 170 | 0.2% | 9 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $86.7K | 6,044 | 0.2% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $86.6K | 560 | 0.2% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $83.0K | 144 | 0.2% | 12 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $78.1K | 1,100 | 0.2% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $75.0K | 631 | 0.2% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $69.4K | 640 | 0.2% | 12 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $69.0K | 416 | 0.2% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $68.5K | 360 | 0.2% | 12 |
| COLLIERS INTL GROUP INC | [CIGI](https://holderbook.com/stocks/CIGI/) | $67.8K | 560 | 0.2% | 2 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $60.2K | 1,956 | 0.1% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $57.9K | 114 | 0.1% | 12 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $56.7K | 142 | 0.1% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $54.5K | 222 | 0.1% | 12 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $50.1K | 35 | 0.1% | 12 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $49.3K | 1,656 | 0.1% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $49.2K | 94 | 0.1% | 12 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $46.9K | 280 | 0.1% | 9 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $44.5K | 942 | 0.1% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $44.1K | 362 | 0.1% | 12 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $40.1K | 66 | 0.1% | 12 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $37.4K | 897 | 0.1% | 12 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $37.3K | 1,472 | 0.1% | 12 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $35.6K | 65 | 0.1% | 12 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $34.4K | 710 | 0.1% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $34.3K | 145 | 0.1% | 12 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $33.4K | 1,720 | 0.1% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $30.5K | 87 | 0.1% | 12 |
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $30.4K | 10,680 | 0.1% | 2 |
| IGM FINANCIAL IN | [IGIFF](https://holderbook.com/stocks/IGIFF/) | $30.0K | 977 | 0.1% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $29.3K | 80 | 0.1% | 12 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $29.1K | 250 | 0.1% | 6 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $28.9K | 109 | 0.1% | 9 |
| BRP INC | [DOO](https://holderbook.com/stocks/DOO/) | $28.5K | 845 | 0.1% | 2 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $25.9K | 114 | 0.1% | 12 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $25.6K | 1,015 | 0.1% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $24.1K | 69 | 0.1% | 12 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.7K | 24 | 0.1% | 9 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $22.1K | 36 | 0.1% | 12 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $21.0K | 41 | 0.0% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $20.8K | 122 | 0.0% | 12 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $20.7K | 54 | 0.0% | 12 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $20.1K | 61 | 0.0% | 9 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $19.5K | 122 | 0.0% | 9 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $18.5K | 103 | 0.0% | 12 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $18.4K | 37 | 0.0% | 12 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $17.4K | 105 | 0.0% | 12 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $16.9K | 46 | 0.0% | 12 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $16.7K | 93 | 0.0% | 12 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $16.6K | 53 | 0.0% | 12 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $16.2K | 81 | 0.0% | 12 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $15.1K | 98 | 0.0% | 12 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $14.9K | 171 | 0.0% | 12 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $14.4K | 423 | 0.0% | 2 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $13.5K | 181 | 0.0% | 12 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $12.9K | 82 | 0.0% | 12 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $12.4K | 111 | 0.0% | 12 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $12.3K | 144 | 0.0% | 12 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $12.1K | 91 | 0.0% | 12 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $12.0K | 134 | 0.0% | 12 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $11.4K | 127 | 0.0% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $11.0K | 154 | 0.0% | 9 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $10.4K | 95 | 0.0% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $10.1K | 39 | 0.0% | 12 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $9.6K | 42 | 0.0% | 9 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $9.2K | 30 | 0.0% | 12 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $8.8K | 43 | 0.0% | 9 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $8.6K | 87 | 0.0% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $8.1K | 49 | 0.0% | 12 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $7.6K | 46 | 0.0% | 12 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $7.3K | 199 | 0.0% | 9 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $7.2K | 102 | 0.0% | 12 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $6.6K | 101 | 0.0% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2025 | +0.6% | -4.6% | +5.2% | 100% |
| Q4 2024 | -3.5% | +2.1% | -5.7% | 100% |
| Q3 2024 | +6.9% | +5.4% | +1.5% | 93% |
| Q2 2024 | +1.7% | +4.0% | -2.4% | 98% |
| Q1 2024 | +7.2% | +10.0% | -2.8% | 99% |
| Q4 2023 | +9.7% | +11.2% | -1.5% | 99% |
| Q3 2023 | -4.4% | -3.6% | -0.8% | 99% |
| Q1 2023 | +4.7% | +7.0% | -2.4% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $43.9M | 120 |
| Q4 2024 | $52.5M | 120 |
| Q3 2024 | $64.0M | 101 |
| Q2 2024 | $22.0M | 124 |
| Q1 2024 | $113.5M | 165 |
| Q4 2023 | $194.2M | 241 |
| Q3 2023 | $149.0M | 142 |
| Q2 2023 | $153.7M | 146 |
| Q1 2023 | $208.6M | 145 |
| Q4 2022 | $134.3M | 132 |
| Q3 2022 | $147.5M | 147 |
| Q2 2022 | $227.9M | 146 |