NewGen Asset Management Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), NewGen Asset Management Ltd reported 25 stock positions worth $163.3 million. Its top holding was Coeur Mining (CDE) at 26.5% of the portfolio, followed by HubSpot (HUBS, 7.8%) and Lightspeed Commerce (LSPD, 5.7%). Compared with Q1 2024, it opened 10 new positions, sold out of 12, added to 4 and reduced 7. The biggest buy was a new position in HubSpot (HUBS) and the biggest sale an exit from Brookfield Renewable Cor-A (BEPC).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001845012
Portfolio Value
$163.3M (Q2 2024)
SEC Filing
0001845012-24-000004 ↗ filed Jul 31, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $186.2M Q1 2024 Q2 2024: $163.3M $163.3M Q2 2024 Q3 2024: $183.3M Q3 2024 Q4 2024: $94.2M Q4 2024 Q1 2025: $102.8M Q1 2025 Q2 2025: $152.9M Q2 2025 Q3 2025: $149.4M Q3 2025 Q4 2025: $141.8M Q4 2025 Q1 2026: $164.5M Q1 2026 Q2 2026: $182.2M Q2 2026

Holdings 25 stocks · $163.3M
CDE Coeur Mining Inc. 26.52% 7,704,725 $43.3M No change
HUBS HubSpot Inc. 7.77% 21,500 $12.7M New
LSPD Lightspeed Commerce Inc. 5.66% 675,000 $9.2M New
TECK Teck Resources Ltd.-CLS B 5.26% 179,306 $8.6M Reduce -38.5%
CLS Celestica Inc. 4.92% 140,000 $8.0M Reduce -50.4%
EFXT Enerflex Ltd. 4.56% 1,379,900 $7.5M Reduce -22.5%
NOA North American Construction 4.46% 377,907 $7.3M Reduce -6.2%
VRN Veren Inc. 4.35% 901,800 $7.1M Add +24.1%
CVE Cenovus Energy Inc. 3.85% 320,000 $6.3M Add +1.6%
BEP Brookfield Renewable Partner 3.79% 250,000 $6.2M New
QCOM Qualcomm Inc. 3.24% 26,600 $5.3M New
BCE Bce Inc. 2.78% 140,000 $4.5M No change
HBM Hudbay Minerals Inc. 2.77% 500,000 $4.5M New
SPIR Spire Global Inc. 2.69% 405,000 $4.4M Add +406.3%
ENB Enbridge Inc. 2.51% 115,000 $4.1M No change
RY Royal Bank of Canada 2.28% 35,000 $3.7M Reduce -30.0%
PDS Precision Drilling Corp. 2.27% 52,770 $3.7M No change
PBA Pembina Pipeline Corp. 1.79% 78,900 $2.9M New
TFII Tfi International Inc. 1.78% 20,000 $2.9M Add +5.3%
ASTS Ast Spacemobile Inc. 1.78% 250,000 $2.9M New
RDNT Radnet Inc. 1.53% 40,000 $2.5M Reduce -38.5%
CCJ Cameco Corp. 1.36% 45,000 $2.2M Reduce -25.6%
IAUX I-80 Gold Corp. 1.10% 1,669,800 $1.8M New
GFR Greenfire Resources Ltd. 0.54% 130,000 $878K New
CABLE ONE INC (CABO 1.125 03/15/28) 0.46% 1,000,000 $746K New

Options reported separately and not counted above: SPY puts ($54.4M), BMO calls ($8.4M), SU calls ($3.8M), XLF puts ($141K).

Portfolio Sells Q1 2024 → Q2 2024
BEPC Brookfield Renewable Cor-A Sold out 0.00% −10.07
FNV Franco-Nevada Corp. Sold out 0.00% −8.28
OTEX Open Text Corp. Sold out 0.00% −5.95
NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −4.69
QIPT Quipt Home Medical Corp. Sold out 0.00% −2.24
PRMW Primo Water Corp. Sold out 0.00% −2.10
TECK Teck Resources Ltd.-CLS B Reduce -38.5% 5.26% −1.91
CLS Celestica Inc. Reduce -50.4% 4.92% −1.90
GIL Gildan Activewear Inc. Sold out 0.00% −1.54
ATLANTICA JERSEY LTD (AY 4 07/15/25) Sold out 0.00% −1.53
ETSY Etsy Inc. Sold out 0.00% −1.10
EFXT Enerflex Ltd. Reduce -22.5% 4.56% −1.01
OGI Organigram Holdings Inc. Sold out 0.00% −0.66
RY Royal Bank of Canada Reduce -30.0% 2.28% −0.43
BOLD Boundless Bio Inc. Sold out 0.00% −0.38
NOA North American Construction Reduce -6.2% 4.46% −0.36
TSAT Telesat Corp. Sold out 0.00% −0.23
RDNT Radnet Inc. Reduce -38.5% 1.53% −0.17
CCJ Cameco Corp. Reduce -25.6% 1.36% −0.05

Portfolio Buys Q1 2024 → Q2 2024
HUBS HubSpot Inc. New 7.77% +7.77
LSPD Lightspeed Commerce Inc. New 5.66% +5.66
BEP Brookfield Renewable Partner New 3.79% +3.79
QCOM Qualcomm Inc. New 3.24% +3.24
HBM Hudbay Minerals Inc. New 2.77% +2.77
SPIR Spire Global Inc. Add +406.3% 2.69% +2.17
PBA Pembina Pipeline Corp. New 1.79% +1.79
ASTS Ast Spacemobile Inc. New 1.78% +1.78
VRN Veren Inc. Add +24.1% 4.35% +1.15
IAUX I-80 Gold Corp. New 1.10% +1.10
GFR Greenfire Resources Ltd. New 0.54% +0.54
CVE Cenovus Energy Inc. Add +1.6% 3.85% +0.47
CABLE ONE INC (CABO 1.125 03/15/28) New 0.46% +0.46
TFII Tfi International Inc. Add +5.3% 1.78% +0.15

Options Activity Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US put Add +81.8% 100,000 $54.4M
FNV Franco-Nevada Corp. call Sold out 100,000 $11.9Mbefore exit
BMO Bank of Montreal call New 100,000 $8.4M
BCE Bce Inc. call Sold out 200,000 $6.8Mbefore exit
SU Suncor Energy Inc. call New 100,000 $3.8M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 29$182.2MMDA, HSLV, USAS, EFXT, GIL
Q1 2026 26$164.5MHSLV, USAS, MDA, EFXT, CDE
Q4 2025 21$141.8MUSAS, CDE, EFXT, CCJ, BB
Q3 2025 21$149.4MUSAS, B, BB, CCJ, SLSR
Q2 2025Amended 23$152.9MUSAS, CCJ, CLS, BB, SAND
Q1 2025 25$102.8MUSAS, IAG, CDE, PRMB, BB
Q4 2024 26$94.2MBB, LSPD, EFXT, ASTL, DNN
Q3 2024 26$183.3MCDE, BEP, CLS, LSPD, KGC
Q2 2024 25$163.3MCDE, HUBS, LSPD, TECK, CLS
Q1 2024 27$186.2MCDE, BEPC, FNV, TECK, CLS