NewGen Asset Management
TORONTO, A6files as NewGen Asset Management Ltd
$182m in 29 US stocks at the end of 30 June 2026. The top 10 are 72.7% of the money. It changed about 40.7% of the portfolio this quarter.
Value
$182m
Stocks
29
Top 10 share
72.7%
Turnover
40.7%
What changed this quarter
New
Bought for the first time this quarter.
- TransaltaTAC4.2% of the fund
- Agnico Eagle MinesAEM3.8% of the fund
- ShopifySHOP3.4% of the fund
- CamecoCCJ2.8% of the fund
- IamgoldIAG2.6% of the fund
- Progress Software2.6% of the fund
- Solaris ResourcesSLSR2.5% of the fund
- ATS Corp /ATSATS2.4% of the fund
- Vistance NetworksVISN1.4% of the fund
- Trulieve CannabisTRLV1.1% of the fund
- Winnebago Inds1.0% of the fund
- SLR InvestmentSLRC0.7% of the fund
Added
Bought more of a stock they already held.
- MDA SpaceMDA16.4% of the fund+16%
- Gildan ActivewearGIL8.5% of the fund+48%
- Boyd Group ServicesBGSI4.1% of the fund+14%
- Apollo Commercial Real Estate FinanceARI3.7% of the fund+109%
- CAECAE3.5% of the fund+63%
- Palmer Square Capital BDCPSBD0.9% of the fund+110%
- Elme CommunitiesELME0.8% of the fund+81%
- Oaktree Specialty LendingOCSL0.5% of the fund+82%
- Morgan Stanley Direct Lending FundMSDL0.3% of the fund+41%
- Golub Capital BDCGBDC0.3% of the fund+56%
- MidCap Financial InvestmentMFIC0.2% of the fund+29%
Cut
Sold some of their stake.
- Highlander SilverHSLV10.7% of the fund-15%
- Americas Gold & SilverUSAS9.1% of the fund-21%
- EnerflexEFXT8.6% of the fund-14%
- Vizsla SilverVZLA1.1% of the fund-34%
Sold out
Sold their entire stake.
- Coeur MiningCDE-100%
- SSR MiningSSRM-100%
- Brookfield Renewable EnergyBEP-100%
- West Fraser TimberWFG-100%
- Brookfield Asset ManagementBAM-100%
- Ziff DavisZD-100%
- DoceboDCBO-100%
- TrimasTRS-100%
- Nuveen Churchill Direct LendingNCDL-100%
Holdings
- MDA SpaceMDA
- Share
- 16.4%
- Value
- $30m
- Shares
- 725,000
+16%
- Highlander SilverHSLV
- Share
- 10.7%
- Value
- $19m
- Shares
- 4,180,000
-15%
- Americas Gold & SilverUSAS
- Share
- 9.1%
- Value
- $17m
- Shares
- 3,500,000
-21%
- EnerflexEFXT
- Share
- 8.6%
- Value
- $16m
- Shares
- 636,744
-14%
- Gildan ActivewearGIL
- Share
- 8.5%
- Value
- $15m
- Shares
- 300,000
+48%
- TransaltaTAC
- Share
- 4.2%
- Value
- $8m
- Shares
- 550,000
New
- Boyd Group ServicesBGSI
- Share
- 4.1%
- Value
- $8m
- Shares
- 79,800
+14%
- Agnico Eagle MinesAEM
- Share
- 3.8%
- Value
- $7m
- Shares
- 45,000
New
- CAECAE
- Share
- 3.5%
- Value
- $6m
- Shares
- 257,600
+63%
- CamecoCCJ
- Share
- 2.8%
- Value
- $5m
- Shares
- 50,000
New
- IamgoldIAG
- Share
- 2.6%
- Value
- $5m
- Shares
- 300,000
New
- Progress Software
- Share
- 2.6%
- Value
- $5m
- Shares
- 4,885,000
New
- Solaris ResourcesSLSR
- Share
- 2.5%
- Value
- $5m
- Shares
- 550,000
New
- ATS Corp /ATSATS
- Share
- 2.4%
- Value
- $4m
- Shares
- 150,000
New
- Vizsla SilverVZLA
- Share
- 1.1%
- Value
- $2m
- Shares
- 593,700
-34%
- Winnebago Inds
- Share
- 1.0%
- Value
- $2m
- Shares
- 2,000,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MDA SpaceMDA | 16.4% | $30m | 725,000 | +16% |
| Highlander SilverHSLV | 10.7% | $19m | 4,180,000 | -15% |
| Americas Gold & SilverUSAS | 9.1% | $17m | 3,500,000 | -21% |
| EnerflexEFXT | 8.6% | $16m | 636,744 | -14% |
| Gildan ActivewearGIL | 8.5% | $15m | 300,000 | +48% |
| TransaltaTAC | 4.2% | $8m | 550,000 | New |
| Boyd Group ServicesBGSI | 4.1% | $8m | 79,800 | +14% |
| Agnico Eagle MinesAEM | 3.8% | $7m | 45,000 | New |
| Apollo Commercial Real Estate FinanceARI | 3.7% | $7m | 637,325 | +109% |
| CAECAE | 3.5% | $6m | 257,600 | +63% |
| ShopifySHOP | 3.4% | $6m | 53,700 | New |
| CamecoCCJ | 2.8% | $5m | 50,000 | New |
| EnbridgeENB | 2.7% | $5m | 90,000 | Held |
| IamgoldIAG | 2.6% | $5m | 300,000 | New |
| Progress Software | 2.6% | $5m | 4,885,000 | New |
| Solaris ResourcesSLSR | 2.5% | $5m | 550,000 | New |
| ATS Corp /ATSATS | 2.4% | $4m | 150,000 | New |
| Vistance NetworksVISN | 1.4% | $3m | 200,000 | New |
| Trulieve CannabisTRLV | 1.1% | $2m | 200,000 | New |
| Vizsla SilverVZLA | 1.1% | $2m | 593,700 | -34% |
| Winnebago Inds | 1.0% | $2m | 2,000,000 | New |
| Palmer Square Capital BDCPSBD | 0.9% | $2m | 154,539 | +110% |
| Elme CommunitiesELME | 0.8% | $2m | 1,041,833 | +81% |
| SLR InvestmentSLRC | 0.7% | $1m | 108,983 | New |
| Oaktree Specialty LendingOCSL | 0.5% | $881,399 | 73,819 | +82% |
| Morgan Stanley Direct Lending FundMSDL | 0.3% | $518,616 | 34,300 | +41% |
| Golub Capital BDCGBDC | 0.3% | $515,200 | 40,000 | +56% |
| MidCap Financial InvestmentMFIC | 0.2% | $453,600 | 45,000 | +29% |
| AleAnnaANNA | <0.1% | $82,021 | 28,283 | Held |
Options (5)
- Ishares Silver TRSLV
- Type
- Call
- Value
- $21m
- Contracts
- 400,000
- Amplify ETF TRSILJ
- Type
- Call
- Value
- $13m
- Contracts
- 500,000
- Precision DrillingPDS
- Type
- Call
- Value
- $10m
- Contracts
- 133,600
- Thomson Reuters Corp /canTRI
- Type
- Call
- Value
- $8m
- Contracts
- 100,000
- Agnico Eagle MinesAEM
- Type
- Call
- Value
- $8m
- Contracts
- 50,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares Silver TRSLV | Call | $21m | 400,000 |
| Amplify ETF TRSILJ | Call | $13m | 500,000 |
| Precision DrillingPDS | Call | $10m | 133,600 |
| Thomson Reuters Corp /canTRI | Call | $8m | 100,000 |
| Agnico Eagle MinesAEM | Call | $8m | 50,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 38.9% since 30 June 2025.
Where the money is
Materials32.6%
Industrials27.4%
Retail & consumer12.6%
Technology8.3%
Real estate4.6%
Utilities4.2%
Energy2.7%
Health care1.1%
Other6.5%
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.