NewGen Asset Management Ltd

CIK

1845012

Location

TORONTO, A6

Portfolio Value

Small $234,810,142

Diversification

Diversified

Filing Date

Global Rank

#3,878 / 8,623 ▲ 1192 · as of Mar 2026

Top Industry

Other Industrial Metals & Mining 18.3%

3Y Alpha vs SPY

+2.5%

Period ended 4 months ago

Filed May 8, 2026 · 3mo

22 quarters · since Dec 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of NewGen Asset Management Ltd's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 78% that is ordinary stock — as little as 47% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+76.4%

SPY

+67.9%

Annualised alpha

+2.0%

Max drawdown

−36.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 78% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

28 tracked 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 tracked positions · $234,810,142 total · filing declares 30 positions · $258,631,100 · 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 PUT	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 CALL + SHARES 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. CALL 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%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.