Forge First Asset Management Inc.
CIK
1963062
Location
TORONTO, ONTARIO, Z4
Portfolio Value
Micro
$16,554,805
Diversification
Diversified
Filing Date
Global Rank
#4,338
/ 7,976
▼ 662
Top Industry
Waste Management
18.9%
3Y Alpha vs SPY
+1.4%
Period ended 9 months ago
Filed Nov 12, 2025 · 7mo
12 quarters · since Dec 2022
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+81.7%
SPY
+74.2%
Annualised alpha
+1.7%
Max drawdown
−22.7%
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
27 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
10.6%
−1.8 pts
Top 5
40.6%
−0.6 pts
Top 10
63.0%
−1.5 pts
HHI
535
Diversified−25
Portfolio Trend
12 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 34.5% | $63,831,486 |
| Technology | 23.8% | $44,138,499 |
| Consumer Cyclical | 17.3% | $31,987,312 |
| Basic Materials | 13.0% | $24,165,418 |
| Communication Services | 8.9% | $16,554,805 |
| Financial Services | 2.5% | $4,572,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GFL | GFL Environmental Inc. | +124,900 | 416,100 | $19,714,818 | |
| ITRI | Itron, Inc. | +32,970 | 53,625 | $6,679,530 | |
| AMZN | Amazon Com Inc | +7,600 | 41,650 | $9,145,090 | |
| PANW | Palo Alto Networks Inc | +5,300 | 16,500 | $3,359,730 | |
| META | Meta Platforms, Inc. | +4,886 | 8,786 | $6,452,262 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
8 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CP | Canadian Pacific Kansas City Ltd/Cn | −316,500 | 54,411 | $4,053,075 | |
| GIL | Gildan Activewear Inc. | −204,800 | 253,500 | $14,652,300 | |
| AGI | Alamos Gold Inc | −189,059 | 153,300 | $5,344,038 | |
| NVDA | Nvidia Corp | −57,100 | 25,270 | $4,714,876 | |
| STN | Stantec Inc | −36,900 | 49,679 | $5,355,396 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | −25,100 | 44,170 | $12,336,239 | |
| UAL | United Airlines Holdings, Inc. | −10,600 | 47,400 | $4,574,100 | |
| FIX | Comfort Systems USA Inc | −5,053 | 3,545 | $2,925,263 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
13 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CWST | Casella Waste Systems Inc | 161,722 | $15,344,183 | |
| HPE | Hewlett Packard Enterprise Co | 536,100 | $13,166,616 | |
| DOO | BRP Inc. | 134,747 | $8,189,922 | |
| BTG | B2gold Corp | 1,652,400 | $8,179,380 | |
| SKE | Skeena Resources Ltd | 400,000 | $7,372,000 | |
| CAE | Cae Inc | 191,700 | $5,681,988 | |
| BLD | TopBuild Corp | 13,431 | $5,249,640 | |
| BN | BROOKFIELD Corp /ON/ | 100,000 | $4,572,000 | |
| CWAN | Clearwater Analytics Holdings, Inc. | 215,400 | $3,881,508 | |
| GAU | Galiano Gold Inc. | 1,000,000 | $2,190,000 | |
| PINS | Pinterest, Inc. | 48,400 | $1,557,028 | |
| ORLA | Orla Mining Ltd. | 100,000 | $1,080,000 | |
| POWL | Powell Industries Inc | 3,061 | $933,023 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
16 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| JPM | Jpmorgan Chase & Co | 51,350 | $14,886,878 | |
| CNI | Canadian National Railway Co | 131,900 | $13,722,876 | |
| VZLA | Vizsla Silver Corp. | 3,300,000 | $9,702,000 | |
| MRVL | Marvell Technology, Inc. | 103,800 | $8,034,120 | |
| XPO | XPO, Inc. | 48,100 | $6,074,549 | |
| CHKP | Check Point Software Technologies Ltd | 25,900 | $5,730,375 | |
| AMD | Advanced Micro Devices Inc | 38,000 | $5,392,200 | |
| BAC | Bank Of America Corp /De/ | 103,000 | $4,873,960 | |
| IAUX | i-80 Gold Corp. | 7,910,800 | $4,730,658 | |
| GRND | Grindr Inc. | 152,799 | $3,468,537 | |
| MSFT | Microsoft Corp | 6,540 | $3,253,061 | |
| BIPH | Brookfield Infrastructure Partners L.P. | 80,398 | $2,693,333 | |
| SITM | SITIME Corp | 11,670 | $2,486,643 | |
| OR | OR Royalties Inc. | 92,900 | $2,388,459 | |
| MYRG | Myr Group Inc. | 5,815 | $1,055,131 | |
| CLS | Celestica Inc | 5,906 | $921,985 | |
| No positions match the current search. | ||||
3 positions ·
$16,554,805 total
· Communication Services only
· as of Sep 30, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Financial Services
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| TTWO |
Take Two Interactive Software Inc
Communication Services
|
Held | 33,076 | $8,545,515 | 51.62% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 8,786 | $6,452,262 | 38.98% | |
| PINS |
Pinterest, Inc.
Communication Services
|
NEW | 48,400 | $1,557,028 | 9.41% |