NewGen Asset Management Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), NewGen Asset Management Ltd reported 26 stock positions worth $183.3 million. Its top holding was Coeur Mining (CDE) at 29.0% of the portfolio, followed by Brookfield Renewable Partner (BEP, 7.8%) and Celestica (CLS, 7.4%). Compared with Q2 2024, it opened 10 new positions, sold out of 9, added to 6 and reduced 6. The biggest buy was a new position in Kinross Gold (KGC) and the biggest sale an exit from HubSpot (HUBS).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001845012
Portfolio Value
$183.3M (Q3 2024)
SEC Filing
0001845012-24-000007 ↗ filed Nov 4, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $186.2M Q1 2024 Q2 2024: $163.3M Q2 2024 Q3 2024: $183.3M $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 26 stocks · $183.3M
CDE Coeur Mining Inc. 28.95% 7,713,117 $53.1M Add +0.1%
BEP Brookfield Renewable Partner 7.83% 508,500 $14.4M Add +103.4%
CLS Celestica Inc. 7.40% 265,300 $13.6M Add +89.5%
LSPD Lightspeed Commerce Inc. 6.61% 735,000 $12.1M Add +8.9%
KGC Kinross Gold Corp. 6.26% 1,225,000 $11.5M New
EFXT Enerflex Ltd. 4.54% 1,395,355 $8.3M Add +1.1%
SPIR Spire Global Inc. 3.54% 650,000 $6.5M Add +60.5%
ATS Ats Corp. 3.17% 200,000 $5.8M New
ASTL Algoma Steel Group Inc. 2.95% 528,900 $5.4M New
CVE Cenovus Energy Inc. 2.74% 300,000 $5.0M Reduce -6.3%
ENB Enbridge Inc. 2.55% 115,000 $4.7M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 2.46% 50,000 $4.5M New
MEOH Methanex Corp. 2.37% 105,000 $4.3M New
BCE Bce Inc. 2.18% 115,000 $4.0M Reduce -17.9%
TECK Teck Resources Ltd.-CLS B 2.14% 75,000 $3.9M Reduce -58.2%
NOA North American Construction 2.13% 209,180 $3.9M Reduce -44.6%
VRN Veren Inc. 1.82% 543,015 $3.3M Reduce -39.8%
PBA Pembina Pipeline Corp. 1.78% 78,900 $3.3M No change
PDS Precision Drilling Corp. 1.78% 52,770 $3.3M No change
SILV Silvercrest Metals Inc. 1.72% 340,000 $3.1M New
BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) 1.11% 1,700,000 $2.0M New
RDNT Radnet Inc. 1.10% 29,070 $2.0M Reduce -27.3%
SKE Skeena Resources Ltd. 0.92% 200,000 $1.7M New
NXE Nexgen Energy Ltd. 0.89% 250,000 $1.6M New
GFR Greenfire Resources Ltd. 0.53% 130,000 $969K No change
CHEGG INC (CHGG 0.125 03/15/25) 0.52% 1,000,000 $958K New

Options reported separately and not counted above: BCE calls ($7.0M), SU calls ($6.3M), SLV calls ($4.3M).

Portfolio Sells Q2 2024 → Q3 2024
HUBS HubSpot Inc. Sold out 0.00% −7.77
QCOM Qualcomm Inc. Sold out 0.00% −3.24
TECK Teck Resources Ltd.-CLS B Reduce -58.2% 2.14% −3.12
HBM Hudbay Minerals Inc. Sold out 0.00% −2.77
VRN Veren Inc. Reduce -39.8% 1.82% −2.52
NOA North American Construction Reduce -44.6% 2.13% −2.33
RY Royal Bank of Canada Sold out 0.00% −2.28
TFII Tfi International Inc. Sold out 0.00% −1.78
ASTS Ast Spacemobile Inc. Sold out 0.00% −1.78
CCJ Cameco Corp. Sold out 0.00% −1.36
CVE Cenovus Energy Inc. Reduce -6.3% 2.74% −1.11
IAUX I-80 Gold Corp. Sold out 0.00% −1.10
BCE Bce Inc. Reduce -17.9% 2.18% −0.59
CABLE ONE INC (CABO 1.125 03/15/28) Sold out 0.00% −0.46
RDNT Radnet Inc. Reduce -27.3% 1.10% −0.43

Portfolio Buys Q2 2024 → Q3 2024
KGC Kinross Gold Corp. New 6.26% +6.26
BEP Brookfield Renewable Partner Add +103.4% 7.83% +4.04
ATS Ats Corp. New 3.17% +3.17
ASTL Algoma Steel Group Inc. New 2.95% +2.95
CLS Celestica Inc. Add +89.5% 7.40% +2.48
BMO Bank of Montreal New 2.46% +2.46
CDE Coeur Mining Inc. Add +0.1% 28.95% +2.44
MEOH Methanex Corp. New 2.37% +2.37
SILV Silvercrest Metals Inc. New 1.72% +1.72
BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) New 1.11% +1.11
LSPD Lightspeed Commerce Inc. Add +8.9% 6.61% +0.95
SKE Skeena Resources Ltd. New 0.92% +0.92
NXE Nexgen Energy Ltd. New 0.89% +0.89
SPIR Spire Global Inc. Add +60.5% 3.54% +0.85
CHEGG INC (CHGG 0.125 03/15/25) New 0.52% +0.52
EFXT Enerflex Ltd. Add +1.1% 4.54% −0.02

Options Activity Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 100,000 $54.4Mbefore exit
BMO Bank of Montreal call Sold out 100,000 $8.4Mbefore exit
BCE Bce Inc. call New 200,000 $7.0M
SU Suncor Energy Inc. call Add +70.0% 170,000 $6.3M
SLV iShares Silver Trust call New 150,000 $4.3M
XLF SS Financial Select Sector put Sold out 2,500 $141Kbefore exit

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