LM Asset Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), LM Asset Management Inc. reported 9 stock positions worth $144.5 million. Its top holding was Vermilion Energy (VET) at 23.9% of the portfolio, followed by Lumen Technologies (LUMN, 22.3%) and Gran Tierra Energy (GTE, 18.9%). Compared with Q1 2026, it added to 4 and reduced 5. The biggest buy was Graphic Packaging (GPK, shares +118%) and the biggest sale Algoma Steel (ASTL, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0002057190
- Portfolio Value
- $144.5M (Q2 2026)
- SEC Filing
- 0000935836-26-000383 ↗ filed Aug 11, 2026
Holdings Value
Holdings 9 stocks · $144.5M
| VET Vermilion Energy Inc. | 23.86% | 3,691,000 | $34.5M | Add +16.9% |
| LUMN Lumen Technologies Inc. | 22.34% | 4,202,000 | $32.3M | Reduce -15.2% |
| GTE Gran Tierra Energy Inc. | 18.88% | 4,365,420 | $27.3M | Add +7.9% |
| TSAT Telesat Corp. | 9.33% | 266,350 | $13.5M | Reduce -30.4% |
| BDN Brandywine Realty Trust | 7.39% | 3,369,000 | $10.7M | Reduce -9.9% |
| GT Goodyear Tire & Rubber Co. | 6.62% | 1,450,000 | $9.6M | Reduce -28.9% |
| GPK Graphic Packaging Holding Co. | 5.73% | 783,000 | $8.3M | Add +117.5% |
| CMTG Claros Mortgage Trust Inc. | 3.00% | 1,846,000 | $4.3M | Add +31.9% |
| ASTL Algoma Steel Group Inc. | 2.85% | 1,016,000 | $4.1M | Reduce -42.4% |
Options reported separately and not counted above: LUMN calls ($16.8M).
Portfolio Sells Q1 2026 → Q2 2026
Portfolio Buys Q1 2026 → Q2 2026
Options Activity Q1 2026 → Q2 2026
| LUMN Lumen Technologies Inc. | call | Reduce -42.5% | 2,190,000 | $16.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $144.5M | VET, LUMN, GTE, TSAT, BDN |
| Q1 2026 | 9 | $165.8M | VET, GTE, LUMN, TSAT, GT |
| Q4 2025 | 10 | $125.0M | VET, LUMN, GTE, GT, TSAT |
| Q3 2025 | 9 | $125.9M | LUMN, VET, GTE, TSAT, ARIS |
| Q2 2025 | 10 | $107.6M | LUMN, VET, TSAT, GTE, STNG |
| Q1 2025 | 9 | $97.4M | LUMN, VET, TSAT, GTE, AQN |
| Q4 2024 | 9 | $106.0M | LUMN, VET, TSAT, AQN, GTE |