Bastion Asset Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Bastion Asset Management Inc. reported 54 stock positions worth $213.5 million. Its top holding was PayPal (PYPL) at 8.1% of the portfolio, followed by Iamgold (IAG, 5.0%) and Angiodynamics (ANGO, 4.6%). Compared with Q1 2025, it opened 30 new positions, sold out of 29, added to 12 and reduced 12. The biggest buy was a new position in PayPal (PYPL) and the biggest sale an exit from Faro Technologies (FARO).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, Z4
- CIK
- 0001977794
- Portfolio Value
- $213.5M (Q2 2025)
- SEC Filing
- 0001977794-25-000007 ↗ filed Aug 6, 2025
Holdings Value
Holdings 54 stocks · $213.5M
| PYPL PayPal Holdings Inc. | 8.11% | 236,290 | $17.3M | New |
| IAG Iamgold Corp. | 5.02% | 1,493,108 | $10.7M | New |
| ANGO Angiodynamics Inc. | 4.60% | 959,043 | $9.8M | Add +46.5% |
| COO The Cooper Cos Inc. | 4.11% | 123,497 | $8.8M | New |
| APEI American Public Education | 3.89% | 312,729 | $8.3M | Reduce -35.6% |
| MNRO Monro Inc. | 3.42% | 481,084 | $7.3M | New |
| KWR Quaker Chemical Corporation | 3.07% | 57,294 | $6.6M | New |
| RNG Ringcentral Inc. Class A | 2.87% | 224,555 | $6.1M | Reduce -27.9% |
| NX Quanex Building Products | 2.85% | 314,601 | $6.1M | Add +161.3% |
| FNB FNB Corp. | 2.79% | 409,903 | $6.0M | Reduce -0.7% |
| PSN Parsons Corp. | 2.69% | 81,848 | $5.7M | New |
| EXK Endeavour Silver Corp. | 2.63% | 1,171,507 | $5.6M | New |
| IP International Paper Co. | 2.50% | 113,170 | $5.3M | Add +238.9% |
| GT Goodyear Tire & Rubber Co. | 2.47% | 509,257 | $5.3M | New |
| ADBE Adobe Inc. | 2.38% | 13,010 | $5.1M | Add +98.0% |
| THRM Gentherm Inc. | 2.36% | 181,519 | $5.0M | New |
| VTRS Viatris Inc. | 2.32% | 552,576 | $4.9M | Add +19.2% |
| XRAY Dentsply Sirona Inc. | 2.26% | 303,817 | $4.8M | New |
| PVH PVH Corp. | 2.05% | 64,396 | $4.4M | Add +1347.1% |
| ACIC American Coastal Insurance C | 2.03% | 373,073 | $4.3M | Add +24.5% |
| CENX Century Aluminum Company | 1.99% | 239,486 | $4.3M | Add +48.4% |
| WLY Wiley (john) & Sons Class A | 1.99% | 97,541 | $4.2M | New |
| CFG Citizens Financial Group | 1.96% | 97,586 | $4.2M | Add +30.6% |
| GXO Gxo Logistics Inc. | 1.80% | 82,557 | $3.8M | New |
| EXP Eagle Materials Inc. | 1.61% | 17,009 | $3.4M | New |
| JAKK Jakks Pacific Inc. | 1.52% | 146,128 | $3.2M | Reduce -25.3% |
| DAC Danaos Corp. | 1.51% | 37,514 | $3.2M | Add +50.6% |
| HTLD Heartland Express Inc. | 1.46% | 344,058 | $3.1M | Add +123.3% |
| KALU Kaiser Aluminum Corp. | 1.40% | 38,818 | $3.0M | New |
| VIRC Virco MFG Corporation | 1.36% | 290,885 | $2.9M | Add +12.7% |
| BEN Franklin Templeton Inc. | 1.33% | 119,307 | $2.8M | Reduce -46.8% |
| EZPW Ezcorp Inc. Class A | 1.26% | 197,923 | $2.7M | Reduce -13.1% |
| CERT Certara Inc. | 1.20% | 218,544 | $2.6M | New |
| HLMN Hillman Solutions Corp. | 1.19% | 362,223 | $2.5M | New |
| ZETA Zeta Global Holdings Corp. Class A | 1.11% | 166,035 | $2.4M | Reduce -18.4% |
| FOA Finance of America Cos Inc. Class A | 1.08% | 99,351 | $2.3M | Reduce -54.7% |
| AVNW Aviat Networks Inc. | 1.01% | 93,834 | $2.1M | Reduce -34.0% |
| OSK Oshkosh Corp. | 1.00% | 19,274 | $2.1M | New |
| LEG Leggett & Platt Inc. | 1.00% | 235,475 | $2.1M | New |
| WCC Wesco International Inc. | 0.99% | 11,700 | $2.1M | Reduce -47.9% |
| VZLA Vizsla Silver Corp. | 0.93% | 668,192 | $2.0M | New |
| APTV Aptiv PLC | 0.88% | 27,418 | $1.9M | New |
| AMG Affiliated Managers Group | 0.86% | 9,808 | $1.8M | New |
| PTLO Portillo's Inc. Class A | 0.78% | 140,772 | $1.7M | New |
| PAL Proficient Auto Logistics Inc. | 0.76% | 196,329 | $1.6M | Reduce -52.4% |
| NEO Neogenomics Inc. | 0.66% | 187,536 | $1.4M | New |
| ZD Ziff Davis Inc. | 0.48% | 33,271 | $1.0M | New |
| HY Hyster-Yale Inc. | 0.48% | 25,186 | $1.0M | New |
| ANGI Angi Inc. | 0.44% | 61,154 | $932K | New |
| ORN Orion Group Holdings Inc. | 0.41% | 96,552 | $884K | New |
| DOCN Digitalocean Holdings Inc. | 0.41% | 30,312 | $867K | New |
| CRON Cronos Group Inc. | 0.29% | 310,544 | $619K | New |
| GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED | 0.27% | 45,886 | $566K | Reduce -30.8% |
| OFIX Orthofix Medical Inc. | 0.16% | 31,399 | $349K | New |
Portfolio Sells Q1 2025 → Q2 2025
| FARO Faro Technologies Inc. | Sold out | 0.00% | −5.10 |
| CGAU Centerra Gold Inc. | Sold out | 0.00% | −3.51 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −3.01 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −2.63 |
| TPC Tutor Perini Corp. | Sold out | 0.00% | −2.55 |
| OPLN Openlane Inc. | Sold out | 0.00% | −2.51 |
| MOS The Mosaic Co. | Sold out | 0.00% | −2.48 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −2.36 |
| ABX Abacus Global Management Inc. | Sold out | 0.00% | −2.34 |
| SII Sprott Inc. | Sold out | 0.00% | −2.27 |
| ALLY Ally Financial Inc. | Sold out | 0.00% | −2.27 |
| KD Kyndryl Holdings Inc. | Sold out | 0.00% | −2.27 |
| STRA Strategic Education Inc. | Sold out | 0.00% | −2.03 |
| KEX Kirby Corp. | Sold out | 0.00% | −1.94 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −1.93 |
| RNG Ringcentral Inc. Class A | Reduce -27.9% | 2.87% | −1.85 |
| FOA Finance of America Cos Inc. Class A | Reduce -54.7% | 1.08% | −1.57 |
| AIOT Powerfleet Inc. | Sold out | 0.00% | −1.55 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −1.45 |
| APEI American Public Education | Reduce -35.6% | 3.89% | −1.40 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −1.36 |
| PAL Proficient Auto Logistics Inc. | Reduce -52.4% | 0.76% | −1.33 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −1.22 |
| SIRI Sirius XM Holdings Inc. | Sold out | 0.00% | −1.10 |
| JAKK Jakks Pacific Inc. | Reduce -25.3% | 1.52% | −1.10 |
| BEN Franklin Templeton Inc. | Reduce -46.8% | 1.33% | −1.03 |
| WCC Wesco International Inc. | Reduce -47.9% | 0.99% | −1.02 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.97 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.84 |
| IIIN Insteel Industries Inc. | Sold out | 0.00% | −0.80 |
| HDSN Hudson Technologies Inc. | Sold out | 0.00% | −0.74 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −0.71 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −0.68 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.65 |
| AVNW Aviat Networks Inc. | Reduce -34.0% | 1.01% | −0.49 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -18.4% | 1.11% | −0.44 |
| EZPW Ezcorp Inc. Class A | Reduce -13.1% | 1.26% | −0.43 |
| FNB FNB Corp. | Reduce -0.7% | 2.79% | −0.43 |
| GRSD Grandstand Ltd. | Reduce -30.8% | 0.27% | −0.18 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.18 |
| OSISKO DEVELOPMENT CORP | Sold out | 0.00% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| PYPL PayPal Holdings Inc. | New | 8.11% | +8.11 |
| IAG Iamgold Corp. | New | 5.02% | +5.02 |
| COO The Cooper Cos Inc. | New | 4.11% | +4.11 |
| MNRO Monro Inc. | New | 3.42% | +3.42 |
| KWR Quaker Chemical Corporation | New | 3.07% | +3.07 |
| PSN Parsons Corp. | New | 2.69% | +2.69 |
| EXK Endeavour Silver Corp. | New | 2.63% | +2.63 |
| GT Goodyear Tire & Rubber Co. | New | 2.47% | +2.47 |
| THRM Gentherm Inc. | New | 2.36% | +2.36 |
| XRAY Dentsply Sirona Inc. | New | 2.26% | +2.26 |
| WLY Wiley (john) & Sons Class A | New | 1.99% | +1.99 |
| PVH PVH Corp. | Add +1347.1% | 2.05% | +1.89 |
| GXO Gxo Logistics Inc. | New | 1.80% | +1.80 |
| EXP Eagle Materials Inc. | New | 1.61% | +1.61 |
| IP International Paper Co. | Add +238.9% | 2.50% | +1.54 |
| NX Quanex Building Products | Add +161.3% | 2.85% | +1.53 |
| KALU Kaiser Aluminum Corp. | New | 1.40% | +1.40 |
| CERT Certara Inc. | New | 1.20% | +1.20 |
| HLMN Hillman Solutions Corp. | New | 1.19% | +1.19 |
| ANGO Angiodynamics Inc. | Add +46.5% | 4.60% | +1.04 |
| ADBE Adobe Inc. | Add +98.0% | 2.38% | +1.03 |
| OSK Oshkosh Corp. | New | 1.00% | +1.00 |
| LEG Leggett & Platt Inc. | New | 1.00% | +1.00 |
| VZLA Vizsla Silver Corp. | New | 0.93% | +0.93 |
| APTV Aptiv PLC | New | 0.88% | +0.88 |
| AMG Affiliated Managers Group | New | 0.86% | +0.86 |
| PTLO Portillo's Inc. Class A | New | 0.78% | +0.78 |
| NEO Neogenomics Inc. | New | 0.66% | +0.66 |
| HTLD Heartland Express Inc. | Add +123.3% | 1.46% | +0.63 |
| ZD Ziff Davis Inc. | New | 0.48% | +0.48 |
| HY Hyster-Yale Inc. | New | 0.48% | +0.48 |
| ANGI Angi Inc. | New | 0.44% | +0.44 |
| DAC Danaos Corp. | Add +50.6% | 1.51% | +0.42 |
| ORN Orion Group Holdings Inc. | New | 0.41% | +0.41 |
| DOCN Digitalocean Holdings Inc. | New | 0.41% | +0.41 |
| CENX Century Aluminum Company | Add +48.4% | 1.99% | +0.38 |
| CFG Citizens Financial Group | Add +30.6% | 1.96% | +0.32 |
| CRON Cronos Group Inc. | New | 0.29% | +0.29 |
| OFIX Orthofix Medical Inc. | New | 0.16% | +0.16 |
| ACIC American Coastal Insurance C | Add +24.5% | 2.03% | +0.10 |
| VTRS Viatris Inc. | Add +19.2% | 2.32% | −0.06 |
| VIRC Virco MFG Corporation | Add +12.7% | 1.36% | −0.16 |
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 |