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Forge First Asset Management Portfolio holdings
AUM
$218M
Turnover
70.18%
1-Year Est. Return
29.22%
This Fund
S&P 500
This Quarter Est. Return
+10.13%
1 Year Est. Return
+29.22%
3 Year Est. Return
+111.74%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$218M
AUM Growth
-$58.6M
(-21%)
Cap. Flow
-$75.9M
Cap. Flow % of AUM
Cap. Flow %
-34.85%
Top 10 Holdings %
Top 10 Hldgs %
59.15%
Holding
57
New
21
Increased
5
Reduced
11
Closed
19
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.4
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Casella Waste Systems
CWST
|
+$16.3M |
| 2 |
Hewlett Packard
HPE
|
+$11.9M |
| 3 |
Bombardier Recreational Products
DOO
|
+$7.58M |
| 4 |
Brookfield
BN
|
+$6.65M |
| 5 |
Skeena Resources
SKE
|
+$6.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Pacific Kansas City
CP
|
+$24.2M |
| 2 |
JPMorgan Chase
JPM
|
+$14.9M |
| 3 |
Canadian National Railway
CNI
|
+$13.7M |
| 4 |
Gildan
GIL
|
+$11M |
| 5 |
NVIDIA
NVDA
|
+$10M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 29.29% |
| 2 | Technology | 20.25% |
| 3 | Consumer Discretionary | 14.67% |
| 4 | Miscellaneous | 13.23% |
| 5 | Materials | 11.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $2.28M | 1.05% |
3,200
-3,300
| -51% | -$2.12M |
2022 Q4
11 quarters
|
|
27
Galiano Gold
GAU
$523M
| $2.18M | 1% |
+1,000,000
| New | +$1.87M |
2025 Q3
0 quarters
|
|
28
Alphabet (Google) Class C
GOOG
$3.88T
| $1.6M | 0.73% |
6,565
-29,235
| -82% | -$6.15M |
2025 Q1
2 quarters
|
|
29
Pinterest
PINS
$12.6B
| $1.56M | 0.71% |
+48,400
| New | +$1.76M |
2025 Q3
0 quarters
|
|
|
ORLA
30
DELISTED
Orla Mining
ORLA
| $1.08M | 0.5% |
+100,000
| New | +$1.07M |
2025 Q3
0 quarters
|
|
31
Powell Industries
POWL
$5.5B
| $933K | 0.43% |
+9,183
| New | +$779K |
2025 Q3
0 quarters
|
|
32
CALL
Broadcom
AVGO
$1.54T
| $917K | 0.42% |
+750
| New | +$230K |
2025 Q3
0 quarters
|
|
|
33
CALL
Hewlett Packard
HPE
$75.3B
| $736K | 0.34% |
+4,000
| New | +$88.4K |
2025 Q3
0 quarters
|
|
34
PUT
VanEck Gold Miners ETF
GDX
$24.4B
| $670K | 0.31% |
+1,000
| New | +$60.2K |
2025 Q3
0 quarters
|
|
|
35
CALL
Gildan
GIL
$7.5B
| $571K | 0.26% |
+2,000
| New | +$107K |
2025 Q3
0 quarters
|
|
36
PUT
Installed Building Products
IBP
$5.29B
| $353K | 0.16% |
+300
| New | +$71.2K |
2025 Q3
0 quarters
|
|
|
37
CALL
Brookfield
BN
$84.8B
| $260K | 0.12% |
+2,250
| New | +$100K |
2025 Q3
0 quarters
|
|
|
38
CALL
Alphabet (Google) Class C
GOOG
$3.88T
| $235K | 0.11% |
+500
| New | +$105K |
2025 Q3
0 quarters
|
|
39
Advanced Micro Devices
AMD
$844B
| – | – |
-38,000
| Closed | -$5.39M | – |
|
40
Bank of America
BAC
$350B
| – | – |
-103,000
| Closed | -$4.87M | – |
|
|
BBU
41
DELISTED
Brookfield Business Partners
BBU
| – | – |
-357,465
| Closed | -$9.33M | – |
|
42
Brookfield Infrastructure Partners
BIP
$17B
| – | – |
-80,398
| Closed | -$2.69M | – |
|
43
Check Point Software Technologies
CHKP
$16.2B
| – | – |
-25,900
| Closed | -$5.73M | – |
|
44
Celestica
CLS
$32.8B
| – | – |
-5,906
| Closed | -$921K | – |
|
|
45
Canadian National Railway
CNI
$74.4B
| – | – |
-131,900
| Closed | -$13.7M | – |
|
46
Grindr
GRND
$2.38B
| – | – |
-152,799
| Closed | -$3.47M | – |
|
47
i-80 Gold Corp
IAUX
$1.26B
| – | – |
-7,910,800
| Closed | -$4.87M | – |
|
|
48
JPMorgan Chase
JPM
$881B
| – | – |
-51,350
| Closed | -$14.9M | – |
|
49
CALL
Meta Platforms (Facebook)
META
$1.64T
| – | – |
-400
| Closed | -$502K | – |
|
50
Marvell Technology
MRVL
$205B
| – | – |
-103,800
| Closed | -$8.03M | – |
|
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Forge First Asset Management's Q3 2025 Portfolio in Review
As of Q3 2025, Forge First Asset Management held 57 positions worth $218M, down 21% from $277M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Forge First Asset Management withdrew a net $75.9M in Q3 2025, closing 19 positions and reducing 11 holdings. Its most notable exit was JPMorgan Chase, an estimated $14.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 29% of assets, down from 34% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Forge First Asset Management opened a new position in Casella Waste Systems worth $15.4M.
- Forge First Asset Management's largest Q3 2025 buy was Casella Waste Systems: 161,722 shares worth $15.4M.
- Forge First Asset Management added most to GFL Environmental in Q3 2025, an estimated $6.05M increase.
- Forge First Asset Management's biggest Q3 2025 reduction was Canadian Pacific Kansas City, cutting an estimated $24.2M.
- Forge First Asset Management fully exited JPMorgan Chase in Q3 2025, selling an estimated $14.9M.
- Forge First Asset Management's ten largest holdings make up 59% of its $218M portfolio in Q3 2025.
- Forge First Asset Management opened 21 new positions and closed 19 in Q3 2025.
- Forge First Asset Management's portfolio value fell 21% quarter-over-quarter to $218M.
Based on Forge First Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.