NewGen Asset Management Ltd In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), NewGen Asset Management Ltd reported 29 stock positions worth $182.2 million . Its top holding was Mda Space (MDA) at 16.4% of the portfolio, followed by Highlander Silver (HSLV, 10.7% ) and Americas Gold and Silver Cor (USAS, 9.1% ). Compared with Q1 2026, it opened 12 new positions, sold out of 9, added to 11 and reduced 4. The biggest buy was Mda Space (MDA, shares +16% ) and the biggest sale an exit from Coeur Mining (CDE).
Location TORONTO, A6
CIK 0001845012
Portfolio Value $182.2M (Q2 2026) Holdings 29 stocks · $182.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 MDA Mda Space Ltd. 725,000 $29.9M Add +16.0% HSLV Highlander Silver Corp. 4,180,000 $19.5M Reduce -14.7% USAS Americas Gold and Silver Cor 3,500,000 $16.5M Reduce -21.4% EFXT Enerflex Ltd. 636,744 $15.6M Reduce -13.6% GIL Gildan Activewear Inc. 300,000 $15.5M Add +48.1% TAC Transalta Corp. 550,000 $7.6M New BGSI Boyd Group Services Inc. 79,800 $7.6M Add +14.3% AEM Agnico Eagle Mines Ltd. 45,000 $7.0M New ARI Apollo Commercial Real Estat 637,325 $6.8M Add +108.5% CAE Cae Inc. 257,600 $6.5M Add +62.8% SHOP Shopify Inc. Class A 53,700 $6.1M New CCJ Cameco Corp. 50,000 $5.1M New ENB Enbridge Inc. 90,000 $4.9M No change IAG Iamgold Corp. 300,000 $4.8M New PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) 4,885,000 $4.7M New SLSR Solaris Resources Inc. 550,000 $4.6M New ATS Ats Corp. 150,000 $4.3M New VISN Vistance Networks Inc. 200,000 $2.6M New TRLV Trulieve Cannabis Corp. 200,000 $2.0M New VZLA Vizsla Silver Corp. 593,700 $2.0M Reduce -33.6% WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) 2,000,000 $1.9M New PSBD Palmer Square Capital BDC Inc. 154,539 $1.6M Add +109.7% ELME Elme Communities 1,041,833 $1.5M Add +80.6% SLRC SLR Investment Corp. 108,983 $1.3M New OCSL Oaktree Specialty Lending Co. 73,819 $881K Add +82.3% MSDL Morgan Stanley Direct Lendin 34,300 $519K Add +41.1% GBDC Golub Capital BDC Inc. 40,000 $515K Add +56.3% MFIC Midcap Financial Investment 45,000 $454K Add +28.6% ANNA Aleanna Inc. 28,283 $82K No change
Options reported separately and not counted above: SLV calls ($21.4M), SILJ calls ($13.0M), PDS calls ($10.2M), TRI calls ($8.2M), AEM calls ($7.8M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ CDE Coeur Mining Inc. Sold out 0.00% −7.13 HSLV Highlander Silver Corp. Reduce -14.7% 10.69% −6.83 USAS Americas Gold and Silver Cor Reduce -21.4% 9.07% −5.06 SSRM SSR Mining Inc. Sold out 0.00% −5.00 BEP Brookfield Renewable Partner Sold out 0.00% −4.74 WFG West Fraser Timber Co. Ltd. Sold out 0.00% −3.97 BAM Brookfield Asset Mgmt-A Sold out 0.00% −1.46 ZD Ziff Davis Inc. Sold out 0.00% −1.34 DCBO Docebo Inc. Sold out 0.00% −0.95 TRS Trimas Corp. Sold out 0.00% −0.87 EFXT Enerflex Ltd. Reduce -13.6% 8.56% −0.81 VZLA Vizsla Silver Corp. Reduce -33.6% 1.08% −0.72 NCDL Nuveen Churchill Direct Lend Sold out 0.00% −0.22
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ MDA Mda Space Ltd. Add +16.0% 16.42% +6.80 TAC Transalta Corp. New 4.17% +4.17 AEM Agnico Eagle Mines Ltd. New 3.83% +3.83 SHOP Shopify Inc. Class A New 3.36% +3.36 CCJ Cameco Corp. New 2.79% +2.79 IAG Iamgold Corp. New 2.61% +2.61 PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) New 2.58% +2.58 SLSR Solaris Resources Inc. New 2.53% +2.53 ATS Ats Corp. New 2.37% +2.37 ARI Apollo Commercial Real Estat Add +108.5% 3.74% +1.77 GIL Gildan Activewear Inc. Add +48.1% 8.50% +1.64 VISN Vistance Networks Inc. New 1.40% +1.40 TRLV Trulieve Cannabis Corp. New 1.08% +1.08 CAE Cae Inc. Add +62.8% 3.54% +1.04 WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) New 1.03% +1.03 SLRC SLR Investment Corp. New 0.74% +0.74 PSBD Palmer Square Capital BDC Inc. Add +109.7% 0.88% +0.45 OCSL Oaktree Specialty Lending Co. Add +82.3% 0.48% +0.21 ELME Elme Communities Add +80.6% 0.85% +0.14 GBDC Golub Capital BDC Inc. Add +56.3% 0.28% +0.09 MSDL Morgan Stanley Direct Lendin Add +41.1% 0.28% +0.08 MFIC Midcap Financial Investment Add +28.6% 0.25% +0.01 BGSI Boyd Group Services Inc. Add +14.3% 4.14% −1.26
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 100,000 $65.0Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 300,000 $23.9Mbefore exit SLV iShares Silver Trust call New 400,000 $21.4M SILJ Amplify Junior Silver Miners call New 500,000 $13.0M PDS Precision Drilling Corp. call New 133,600 $10.2M TRI Thomson Reuters Corp. call New 100,000 $8.2M AEM Agnico Eagle Mines Ltd. call New 50,000 $7.8M USAS Americas Gold and Silver Cor call Sold out 940,200 $4.9Mbefore exit BW Babcock & Wilcox Enterpr call Sold out 22,400 $329Kbefore exit
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 29 $182.2M MDA, HSLV, USAS, EFXT, GIL Q1 2026 26 $164.5M HSLV, USAS, MDA, EFXT, CDE Q4 2025 21 $141.8M USAS, CDE, EFXT, CCJ, BB Q3 2025 21 $149.4M USAS, B, BB, CCJ, SLSR Q2 2025 Amended 23 $152.9M USAS, CCJ, CLS, BB, SAND Q1 2025 25 $102.8M USAS, IAG, CDE, PRMB, BB Q4 2024 26 $94.2M BB, LSPD, EFXT, ASTL, DNN Q3 2024 26 $183.3M CDE, BEP, CLS, LSPD, KGC Q2 2024 25 $163.3M CDE, HUBS, LSPD, TECK, CLS Q1 2024 27 $186.2M CDE, BEPC, FNV, TECK, CLS