Bastion Asset Management Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Bastion Asset Management Inc. reported 53 stock positions worth $185.7 million. Its top holding was American Public Education (APEI) at 5.3% of the portfolio, followed by Faro Technologies (FARO, 5.1%) and Ringcentral Class A (RNG, 4.7%). Compared with Q4 2024, it opened 26 new positions, sold out of 19, added to 13 and reduced 14. The biggest buy was a new position in Angiodynamics (ANGO) and the biggest sale Viatris (VTRS, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, Z4
- CIK
- 0001977794
- Portfolio Value
- $185.7M (Q1 2025)
- SEC Filing
- 0001977794-25-000005 ↗ filed May 7, 2025
Holdings Value
Holdings 53 stocks · $185.7M
| APEI American Public Education | 5.29% | 485,901 | $9.8M | Add +9.6% |
| FARO Faro Technologies Inc. | 5.10% | 347,263 | $9.5M | Add +50.0% |
| RNG Ringcentral Inc. Class A | 4.72% | 311,236 | $8.8M | Add +189.0% |
| ANGO Angiodynamics Inc. | 3.56% | 654,826 | $6.6M | New |
| CGAU Centerra Gold Inc. | 3.51% | 818,173 | $6.5M | Add +1.5% |
| FNB FNB Corp. | 3.22% | 412,772 | $6.0M | Add +45.5% |
| RRX Regal Rexnord Corp. | 3.01% | 45,966 | $5.6M | New |
| FOA Finance of America Cos Inc. Class A | 2.65% | 219,379 | $4.9M | Add +17.3% |
| MIR Mirion Technologies Inc. | 2.63% | 326,580 | $4.9M | New |
| JAKK Jakks Pacific Inc. | 2.62% | 195,498 | $4.9M | Reduce -26.9% |
| TPC Tutor Perini Corp. | 2.55% | 198,386 | $4.7M | New |
| OPLN Openlane Inc. | 2.51% | 247,120 | $4.7M | Add +18.8% |
| MOS The Mosaic Co. | 2.48% | 166,979 | $4.6M | New |
| VTRS Viatris Inc. | 2.38% | 463,680 | $4.4M | Reduce -60.4% |
| BEN Franklin Templeton Inc. | 2.37% | 224,418 | $4.4M | Add +77.9% |
| BIDU Baidu Inc. - Spon ADR | 2.36% | 46,495 | $4.4M | New |
| ABX Abacus Global Management Inc. | 2.34% | 577,479 | $4.4M | New |
| SII Sprott Inc. | 2.27% | 94,168 | $4.2M | New |
| ALLY Ally Financial Inc. | 2.27% | 114,998 | $4.2M | New |
| KD Kyndryl Holdings Inc. | 2.27% | 129,009 | $4.2M | Reduce -57.4% |
| PAL Proficient Auto Logistics Inc. | 2.09% | 412,767 | $3.9M | New |
| STRA Strategic Education Inc. | 2.03% | 45,914 | $3.8M | Add +286.9% |
| WCC Wesco International Inc. | 2.01% | 22,457 | $3.7M | Reduce -42.2% |
| KEX Kirby Corp. | 1.94% | 35,849 | $3.6M | New |
| ACIC American Coastal Insurance C | 1.93% | 299,684 | $3.6M | Add +42.4% |
| DLTR Dollar Tree Inc. | 1.93% | 47,964 | $3.6M | New |
| EZPW Ezcorp Inc. Class A | 1.70% | 227,849 | $3.2M | Reduce -14.6% |
| CFG Citizens Financial Group | 1.65% | 74,693 | $3.1M | New |
| CENX Century Aluminum Company | 1.61% | 161,437 | $3.0M | New |
| ZETA Zeta Global Holdings Corp. Class A | 1.55% | 203,456 | $2.9M | New |
| AIOT Powerfleet Inc. | 1.55% | 496,825 | $2.9M | New |
| VIRC Virco MFG Corporation | 1.52% | 258,229 | $2.8M | Add +65.1% |
| AVNW Aviat Networks Inc. | 1.49% | 142,087 | $2.8M | Reduce -19.5% |
| GPC Genuine Parts Co. | 1.45% | 22,594 | $2.7M | Reduce -20.9% |
| NOK Nokia Corp.-Spon ADR | 1.36% | 477,009 | $2.5M | New |
| ADBE Adobe Inc. | 1.35% | 6,570 | $2.5M | New |
| NX Quanex Building Products | 1.33% | 120,396 | $2.5M | New |
| EQH Equitable Holdings Inc. | 1.22% | 43,845 | $2.3M | Add +2.1% |
| SIRI Sirius XM Holdings Inc. | 1.10% | 88,415 | $2.0M | Reduce -49.6% |
| DAC Danaos Corp. | 1.09% | 24,908 | $2.0M | Reduce -45.4% |
| JBTM JBT Marel Corp. | 0.97% | 14,683 | $1.8M | Reduce -47.2% |
| IP International Paper Co. | 0.95% | 33,397 | $1.8M | Add +69.8% |
| GLD SPDR Gold Shares | 0.84% | 5,421 | $1.6M | New |
| HTLD Heartland Express Inc. | 0.83% | 154,047 | $1.5M | New |
| IIIN Insteel Industries Inc. | 0.80% | 53,263 | $1.5M | New |
| HDSN Hudson Technologies Inc. | 0.74% | 200,888 | $1.4M | Reduce -24.6% |
| PENG Penguin Solutions Inc. | 0.71% | 69,301 | $1.3M | New |
| VRNT Verint Systems Inc. | 0.68% | 64,116 | $1.3M | Reduce -55.6% |
| DKNG Draftkings Inc. Class A | 0.65% | 33,367 | $1.2M | New |
| GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED | 0.45% | 66,267 | $833K | New |
| TMDX Transmedics Group Inc. | 0.18% | 4,740 | $330K | Reduce -87.6% |
| PVH PVH Corp. | 0.16% | 4,450 | $303K | New |
| OSISKO DEVELOPMENT CORP | 0.05% | 59,203 | $88K | Reduce -70.4% |
Portfolio Sells Q4 2024 → Q1 2025
| VTRS Viatris Inc. | Reduce -60.4% | 2.38% | −7.30 |
| KD Kyndryl Holdings Inc. | Reduce -57.4% | 2.27% | −3.73 |
| WCC Wesco International Inc. | Reduce -42.2% | 2.01% | −2.94 |
| HOG Harley-Davidson Inc. | Sold out | 0.00% | −2.49 |
| AAP Advance Auto Parts Inc. | Sold out | 0.00% | −2.36 |
| WOR Worthington Enterprises Inc. | Sold out | 0.00% | −2.29 |
| CX Cemex Sab-Spons ADR Part Cer | Sold out | 0.00% | −2.18 |
| LEG Leggett & Platt Inc. | Sold out | 0.00% | −2.03 |
| VRNT Verint Systems Inc. | Reduce -55.6% | 0.68% | −1.87 |
| XRAY Dentsply Sirona Inc. | Sold out | 0.00% | −1.76 |
| SIRI Sirius XM Holdings Inc. | Reduce -49.6% | 1.10% | −1.76 |
| JAKK Jakks Pacific Inc. | Reduce -26.9% | 2.62% | −1.69 |
| TMDX Transmedics Group Inc. | Reduce -87.6% | 0.18% | −1.41 |
| DAC Danaos Corp. | Reduce -45.4% | 1.09% | −1.39 |
| JBTM JBT Marel Corp. | Reduce -47.2% | 0.97% | −1.36 |
| ASTL Algoma Steel Group Inc. | Sold out | 0.00% | −1.25 |
| KALU Kaiser Aluminum Corp. | Sold out | 0.00% | −1.25 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −1.21 |
| FL Foot Locker Inc. | Sold out | 0.00% | −0.92 |
| AB Alliancebernstein Holding LP | Sold out | 0.00% | −0.91 |
| W Wayfair Inc. Class A | Sold out | 0.00% | −0.89 |
| IIIV I3 Verticals Inc. Class A | Sold out | 0.00% | −0.82 |
| GPC Genuine Parts Co. | Reduce -20.9% | 1.45% | −0.80 |
| PZZA Papa John's Intl Inc. | Sold out | 0.00% | −0.72 |
| EPR Epr Properties | Sold out | 0.00% | −0.64 |
| PGNY Progyny Inc. | Sold out | 0.00% | −0.56 |
| AVNW Aviat Networks Inc. | Reduce -19.5% | 1.49% | −0.55 |
| HDSN Hudson Technologies Inc. | Reduce -24.6% | 0.74% | −0.48 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −0.47 |
| EZPW Ezcorp Inc. Class A | Reduce -14.6% | 1.70% | −0.33 |
| MEI Methode Electronics Inc. | Sold out | 0.00% | −0.26 |
| EPRT Essential Properties Realty | Sold out | 0.00% | −0.22 |
| OSISKO DEVELOPMENT CORP | Reduce -70.4% | 0.05% | −0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| ANGO Angiodynamics Inc. | New | 3.56% | +3.56 |
| RRX Regal Rexnord Corp. | New | 3.01% | +3.01 |
| MIR Mirion Technologies Inc. | New | 2.63% | +2.63 |
| TPC Tutor Perini Corp. | New | 2.55% | +2.55 |
| MOS The Mosaic Co. | New | 2.48% | +2.48 |
| BIDU Baidu Inc. - Spon ADR | New | 2.36% | +2.36 |
| ABX Abacus Global Management Inc. | New | 2.34% | +2.34 |
| SII Sprott Inc. | New | 2.27% | +2.27 |
| ALLY Ally Financial Inc. | New | 2.27% | +2.27 |
| RNG Ringcentral Inc. Class A | Add +189.0% | 4.72% | +2.18 |
| PAL Proficient Auto Logistics Inc. | New | 2.09% | +2.09 |
| KEX Kirby Corp. | New | 1.94% | +1.94 |
| DLTR Dollar Tree Inc. | New | 1.93% | +1.93 |
| CFG Citizens Financial Group | New | 1.65% | +1.65 |
| CENX Century Aluminum Company | New | 1.61% | +1.61 |
| ZETA Zeta Global Holdings Corp. Class A | New | 1.55% | +1.55 |
| AIOT Powerfleet Inc. | New | 1.55% | +1.55 |
| NOK Nokia Corp.-Spon ADR | New | 1.36% | +1.36 |
| ADBE Adobe Inc. | New | 1.35% | +1.35 |
| NX Quanex Building Products | New | 1.33% | +1.33 |
| STRA Strategic Education Inc. | Add +286.9% | 2.03% | +1.30 |
| FARO Faro Technologies Inc. | Add +50.0% | 5.10% | +1.19 |
| GLD SPDR Gold Shares | New | 0.84% | +0.84 |
| HTLD Heartland Express Inc. | New | 0.83% | +0.83 |
| IIIN Insteel Industries Inc. | New | 0.80% | +0.80 |
| PENG Penguin Solutions Inc. | New | 0.71% | +0.71 |
| DKNG Draftkings Inc. Class A | New | 0.65% | +0.65 |
| BEN Franklin Templeton Inc. | Add +77.9% | 2.37% | +0.60 |
| GRSD Grandstand Ltd. | New | 0.45% | +0.45 |
| FNB FNB Corp. | Add +45.5% | 3.22% | +0.33 |
| VIRC Virco MFG Corporation | Add +65.1% | 1.52% | +0.26 |
| IP International Paper Co. | Add +69.8% | 0.95% | +0.25 |
| PVH PVH Corp. | New | 0.16% | +0.16 |
| ACIC American Coastal Insurance C | Add +42.4% | 1.93% | +0.12 |
| OPLN Openlane Inc. | Add +18.8% | 2.51% | −0.07 |
| EQH Equitable Holdings Inc. | Add +2.1% | 1.22% | −0.12 |
| CGAU Centerra Gold Inc. | Add +1.5% | 3.51% | −0.35 |
| APEI American Public Education | Add +9.6% | 5.29% | −0.40 |
| FOA Finance of America Cos Inc. Class A | Add +17.3% | 2.65% | −0.56 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 54 | $294.8M | HPE, VTRS, RNG, IAG, JBTM |
| Q1 2026 | 65 | $328.0M | VTRS, GPC, ANGO, RRX, VPG |
| Q4 2025 | 35 | $181.1M | VTRS, ANGO, NOA, KD, AIOT |
| Q3 2025 | 48 | $173.7M | ANGO, PYPL, GXO, IAG, KD |
| Q2 2025 | 54 | $213.5M | PYPL, IAG, ANGO, COO, APEI |
| Q1 2025 | 53 | $185.7M | APEI, FARO, RNG, ANGO, CGAU |
| Q4 2024 | 46 | $150.8M | VTRS, KD, APEI, WCC, JAKK |