NewGen Asset Management Ltd In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), NewGen Asset Management Ltd reported 27 stock positions worth $186.2 million . Its top holding was Coeur Mining (CDE) at 15.6% of the portfolio, followed by Brookfield Renewable Cor-A (BEPC, 10.1% ) and Franco-Nevada (FNV, 8.3% ). Compared with Q4 2023, it opened 13 new positions, sold out of 7, added to 5 and reduced 9. The biggest buy was a new position in Coeur Mining (CDE) and the biggest sale an exit from Brookfield Infrastructure-A (BIPC).
Location TORONTO, A6
CIK 0001845012
Portfolio Value $186.2M (Q1 2024) Holdings 27 stocks · $186.2M 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 Q4 2023 CDE Coeur Mining Inc. 7,704,725 $29.0M New BEPC Brookfield Renewable Cor-A 762,800 $18.7M Add +269.6% FNV Franco-Nevada Corp. 129,400 $15.4M Add +33.8% TECK Teck Resources Ltd.-CLS B 291,506 $13.3M Reduce -10.8% CLS Celestica Inc. 282,500 $12.7M Reduce -29.4% OTEX Open Text Corp. 285,345 $11.1M Reduce -32.4% EFXT Enerflex Ltd. 1,779,900 $10.4M Reduce -18.6% NOA North American Construction 402,907 $9.0M Add +101.5% NVEI Nuvei Corp.-Subordinate VTG 275,980 $8.7M Reduce -35.1% CVE Cenovus Energy Inc. 315,000 $6.3M New CRESCENT PT ENERGY CORP 726,800 $6.0M Reduce -56.6% RY Royal Bank of Canada 50,000 $5.0M New BCE Bce Inc. 140,000 $4.8M New QIPT Quipt Home Medical Corp. 955,700 $4.2M Add +15.7% ENB Enbridge Inc. 115,000 $4.2M Reduce -62.5% PRMW Primo Water Corp. 215,000 $3.9M New PDS Precision Drilling Corp. 52,770 $3.6M Reduce -57.4% RDNT Radnet Inc. 65,000 $3.2M New TFII Tfi International Inc. 19,000 $3.0M New GIL Gildan Activewear Inc. 77,400 $2.9M New ATLANTICA JERSEY LTD (AY 4 07/15/25) 2,950,000 $2.8M Add +293.3% CCJ Cameco Corp. 60,500 $2.6M Reduce -68.5% ETSY Etsy Inc. 29,700 $2.0M New OGI Organigram Holdings Inc. 575,000 $1.2M New SPIR Spire Global Inc. 80,000 $960K New BOLD Boundless Bio Inc. 50,000 $713K New TSAT Telesat Corp. 50,000 $426K New
Options reported separately and not counted above: SPY puts ($28.8M), FNV calls ($11.9M), BCE calls ($6.8M), XLF puts ($105K).
Portfolio Sells Q4 2023 → Q1 2024 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 Q4 2023 % Of Portfolio Change To Portfolio ▲ BIPC Brookfield Infrastructure-A Sold out 0.00% −12.48 RBA RB Global Inc. Sold out 0.00% −5.85 OTEX Open Text Corp. Reduce -32.4% 5.95% −4.38 ENB Enbridge Inc. Reduce -62.5% 2.23% −4.20 CRESCENT PT ENERGY CORP Reduce -56.6% 3.20% −3.57 CCJ Cameco Corp. Reduce -68.5% 1.41% −3.41 ORLA Orla Mining Ltd. Sold out 0.00% −2.75 TAC Transalta Corp. Sold out 0.00% −2.31 PDS Precision Drilling Corp. Reduce -57.4% 1.91% −2.02 NVEI Nuvei Corp.-Subordinate VTG Reduce -35.1% 4.69% −1.82 UEC Uranium Energy Corp. Sold out 0.00% −1.68 TECK Teck Resources Ltd.-CLS B Reduce -10.8% 7.17% −0.89 EFXT Enerflex Ltd. Reduce -18.6% 5.57% −0.38 ELBM Electra Battery Materials Co. Sold out 0.00% −0.31 CLS Celestica Inc. Reduce -29.4% 6.82% −0.01 DCBO Docebo Inc. Sold out 0.00% −0.00
Portfolio Buys Q4 2023 → Q1 2024 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 Q4 2023 % Of Portfolio Change To Portfolio ▼ CDE Coeur Mining Inc. New 15.60% +15.60 BEPC Brookfield Renewable Cor-A Add +269.6% 10.07% +6.60 CVE Cenovus Energy Inc. New 3.38% +3.38 RY Royal Bank of Canada New 2.71% +2.71 BCE Bce Inc. New 2.56% +2.56 NOA North American Construction Add +101.5% 4.82% +2.39 PRMW Primo Water Corp. New 2.10% +2.10 FNV Franco-Nevada Corp. Add +33.8% 8.28% +2.04 RDNT Radnet Inc. New 1.70% +1.70 TFII Tfi International Inc. New 1.63% +1.63 GIL Gildan Activewear Inc. New 1.54% +1.54 ATLANTICA JERSEY LTD (AY 4 07/15/25) Add +293.3% 1.53% +1.11 ETSY Etsy Inc. New 1.10% +1.10 OGI Organigram Holdings Inc. New 0.66% +0.66 SPIR Spire Global Inc. New 0.52% +0.52 BOLD Boundless Bio Inc. New 0.38% +0.38 TSAT Telesat Corp. New 0.23% +0.23 QIPT Quipt Home Medical Corp. Add +15.7% 2.24% −0.21
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 55,000 $28.8M FNV Franco-Nevada Corp. call Add +25.0% 100,000 $11.9M BCE Bce Inc. call New 200,000 $6.8M CCJ Cameco Corp. call Sold out 150,000 $6.5Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 57,500 $4.4Mbefore exit BB Blackberry Ltd. put Sold out 1,000,000 $3.5Mbefore exit XLF SS Financial Select Sector put New 2,500 $105K XLF SS Financial Select Sector call Sold out 2,500 $94Kbefore 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