LM Asset Management
VANCOUVER, A1files as LM Asset Management Inc.
$144m in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 8.4% of the portfolio this quarter.
Value
$144m
Stocks
9
Top 10 share
100.0%
Turnover
8.4%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Vermilion EnergyVET23.9% of the fund+17%
- Gran Tierra EnergyGTE18.9% of the fund+8%
- Graphic Packaging HoldingGPK5.7% of the fund+118%
- Claros Mortgage TrustCMTG3.0% of the fund+32%
Cut
Sold some of their stake.
- Lumen TechnologiesLUMN22.3% of the fund-15%
- TelesatTSAT9.3% of the fund-30%
- Brandywine Realty TrustBDN7.4% of the fund-10%
- Goodyear Tire & RubberGT6.6% of the fund-29%
- Algoma Steel GroupASTL2.8% of the fund-42%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Vermilion EnergyVET
- Share
- 23.9%
- Value
- $34m
- Shares
- 3,691,000
+17%
- Algoma Steel GroupASTL
- Share
- 2.8%
- Value
- $4m
- Shares
- 1,016,000
-42%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Vermilion EnergyVET | 23.9% | $34m | 3,691,000 | +17% |
| Lumen TechnologiesLUMN | 22.3% | $32m | 4,202,000 | -15% |
| Gran Tierra EnergyGTE | 18.9% | $27m | 4,365,420 | +8% |
| TelesatTSAT | 9.3% | $13m | 266,350 | -30% |
| Brandywine Realty TrustBDN | 7.4% | $11m | 3,369,000 | -10% |
| Goodyear Tire & RubberGT | 6.6% | $10m | 1,450,000 | -29% |
| Graphic Packaging HoldingGPK | 5.7% | $8m | 783,000 | +118% |
| Claros Mortgage TrustCMTG | 3.0% | $4m | 1,846,000 | +32% |
| Algoma Steel GroupASTL | 2.8% | $4m | 1,016,000 | -42% |
Options (1)
- Lumen TechnologiesLUMN
- Type
- Call
- Value
- $17m
- Contracts
- 2,190,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Lumen TechnologiesLUMN | Call | $17m | 2,190,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 34.3% since 30 June 2025.
Where the money is
Energy42.7%
Media & telecom31.7%
Materials15.2%
Real estate10.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.