NewGen Asset Management Ltd

CIK

1845012

Location

TORONTO, A6

Portfolio Value

Small $234,810,142

Diversification

Diversified

Filing Date

Global Rank

#3,546 / 8,232 ▲ 1295

Top Industry

Other Industrial Metals & Mining 18.3%

3Y Alpha vs SPY

+6.1%

Period ended 2 months ago

Filed May 8, 2026 · 37d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+104.3%

SPY

+76.3%

Annualised alpha

+6.1%

Max drawdown

−36.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

28 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

27.7%

+5.9 pts

Top 5

65.3%

+10.3 pts

Top 10

85.7%

+4.8 pts

HHI

1,257

Diversified+313

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	36.8%	$86,389,782	6
Unclassified	27.7%	$65,034,000	1
Consumer Cyclical	9.2%	$21,636,806	3
Energy	8.7%	$20,519,750	3
Industrials	8.6%	$20,275,166	3
Utilities	3.3%	$7,817,280	1
Financial Services	2.1%	$4,989,454	7
Real Estate	1.9%	$4,387,170	2
Communication Services	0.9%	$2,202,900	1
Technology	0.7%	$1,557,834	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
BGSI	Boyd Group Services Inc.	+42,500	69,800	$8,924,628
GIL	Gildan Activewear Inc.	+14,200	202,598	$11,274,578
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
USAS	Americas Gold & Silver Corp	−809,900	5,390,100	$28,136,322
CDE	Coeur Mining, Inc.	−92,800	625,000	$11,731,250
TRS	Trimas Corp	−59,500	40,000	$1,437,600
EFXT	Enerflex Ltd.	−50,000	736,744	$15,412,684
BAM	Brookfield Asset Management Ltd.	−46,000	54,000	$2,400,300
VZLA	Vizsla Silver Corp.	−6,300	893,700	$2,949,210
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	100,000	$65,034,000
HSLV	Highlander Silver Corp.	4,900,000	$28,812,000
MDA	MDA Space Ltd.	625,000	$15,825,000
SSRM	Ssr Mining Inc.	280,000	$8,232,000
WFG	West Fraser Timber Co., Ltd	100,000	$6,529,000
CAE	Cae Inc	158,200	$4,121,110
ARI	Apollo Commercial Real Estate Finance, Inc.	305,670	$3,227,875
ZD	Ziff Davis, Inc.	52,500	$2,202,900
DCBO	Docebo Inc.	89,172	$1,557,834
ELME	Elme Communities	576,764	$1,159,295
PSBD	Palmer Square Capital BDC Inc.	73,684	$719,892
OCSL	Oaktree Specialty Lending Corp	40,500	$457,650
MFIC	MidCap Financial Investment Corp	35,000	$393,400
NCDL	Nuveen Churchill Direct Lending Corp.	27,900	$354,888
MSDL	Morgan Stanley Direct Lending Fund	24,300	$339,228
BW	Babcock & Wilcox Enterprises, Inc.	22,400	$329,056
GBDC	GOLUB CAPITAL BDC, Inc.	25,600	$324,096
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
CCJ	Cameco Corp	124,900	$11,427,101
BB	BLACKBERRY Ltd	2,689,000	$10,191,310
SLSR	Solaris Resources Inc.	1,219,657	$9,720,666
DSGX	Descartes Systems Group Inc	70,000	$6,136,200
CVE	Cenovus Energy Inc.	290,500	$4,915,260
RDNT	RadNet, Inc.	25,000	$1,783,750
USAU	U.S. Gold Corp.	80,000	$1,552,800
NOA	North American Construction Group Ltd.	87,699	$1,260,234
TII	Titan Mining Corp	374,858	$1,109,579
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 positions · $234,810,142 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	NEW	100,000	NEW	$65,034,000	NEW	27.70%
HSLV	Highlander Silver Corp. Basic Materials	NEW	4,900,000	NEW	$28,812,000	NEW	12.27%
USAS	Americas Gold & Silver Corp Basic Materials	Reduced	5,390,100	-809,900	$28,136,322	−11.2%	11.98%
MDA	MDA Space Ltd. Industrials	NEW	625,000	NEW	$15,825,000	NEW	6.74%
EFXT	Enerflex Ltd. Energy	Reduced	736,744	-50,000	$15,412,684	+27.0%	6.56%
CDE	Coeur Mining, Inc. Basic Materials	Reduced	625,000	-92,800	$11,731,250	−8.3%	5.00%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	202,598	+14,200	$11,274,578	−4.2%	4.80%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	69,800	+42,500	$8,924,628	+105.2%	3.80%
SSRM	Ssr Mining Inc. Basic Materials	NEW	280,000	NEW	$8,232,000	NEW	3.51%
BEP	Brookfield Renewable Partners L.P. Utilities	Held	239,500	0	$7,817,280	+21.0%	3.33%
WFG	West Fraser Timber Co., Ltd Basic Materials	NEW	100,000	NEW	$6,529,000	NEW	2.78%
ENB	Enbridge Inc Energy	Held	90,000	0	$4,872,600	+13.2%	2.08%
CAE	Cae Inc Industrials	NEW	158,200	NEW	$4,121,110	NEW	1.76%
ARI	Apollo Commercial Real Estate Finance, Inc. Real Estate	NEW	305,670	NEW	$3,227,875	NEW	1.37%
VZLA	Vizsla Silver Corp. Basic Materials	Reduced	893,700	-6,300	$2,949,210	−40.1%	1.26%
BAM	Brookfield Asset Management Ltd. Financial Services	Reduced	54,000	-46,000	$2,400,300	−54.2%	1.02%
ZD	Ziff Davis, Inc. Communication Services	NEW	52,500	NEW	$2,202,900	NEW	0.94%
DCBO	Docebo Inc. Technology	NEW	89,172	NEW	$1,557,834	NEW	0.66%
TRS	Trimas Corp Consumer Cyclical	Reduced	40,000	-59,500	$1,437,600	−59.2%	0.61%
ELME	Elme Communities Real Estate	NEW	576,764	NEW	$1,159,295	NEW	0.49%
PSBD	Palmer Square Capital BDC Inc. Financial Services	NEW	73,684	NEW	$719,892	NEW	0.31%
OCSL	Oaktree Specialty Lending Corp Financial Services	NEW	40,500	NEW	$457,650	NEW	0.19%
MFIC	MidCap Financial Investment Corp Financial Services	NEW	35,000	NEW	$393,400	NEW	0.17%
NCDL	Nuveen Churchill Direct Lending Corp. Financial Services	NEW	27,900	NEW	$354,888	NEW	0.15%
MSDL	Morgan Stanley Direct Lending Fund Financial Services	NEW	24,300	NEW	$339,228	NEW	0.14%
BW	Babcock & Wilcox Enterprises, Inc. Industrials	NEW	22,400	NEW	$329,056	NEW	0.14%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	NEW	25,600	NEW	$324,096	NEW	0.14%
ANNA	AleAnna, Inc. Energy	Held	28,283	0	$234,466	+188.3%	0.10%