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NewGen Asset Management Portfolio holdings

AUM $259M
1-Year Est. Return 140.76%
This Fund
S&P 500
This Quarter Est. Return
+19.89%
1 Year Est. Return
+140.76%
3 Year Est. Return
+390.96%
5 Year Est. Return
+454.65%
10 Year Est. Return
–
AUM
$230M
AUM Growth
-$3.7M
Cap. Flow
-$22.5M
Cap. Flow %
-9.8%
Top 10 Hldgs %
72.36%
Holding
43
New
12
Increased
5
Reduced
7
Closed
14

Top Buys

Rank Stock Value
1
HUBS icon
HubSpot
HUBS
+$13.2M
2
LSPD icon
Lightspeed Commerce
LSPD
+$9.45M
3
BEP icon
Brookfield Renewable
BEP
+$6.22M
4
QCOM icon
Qualcomm
QCOM
+$5.02M
5
HBM icon
Hudbay
HBM
+$4.34M

Top Sells

Rank Stock Value
1
BEPC icon
Brookfield Renewable
BEPC
+$18.7M
2
FNV icon
Franco-Nevada
FNV
+$15.4M
3
OTEX icon
Open Text
OTEX
+$11.1M
4
NVEI
Nuvei Corporation Subordinate Voting Shares
NVEI
+$8.73M
5
CLS icon
Celestica
CLS
+$7.19M

Sector Composition

Rank Sector Weight
1 Materials 25.31%
2 Energy 18.23%
3 Technology 16.58%
4 Industrials 3.17%
5 Utilities 2.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IAUX
26
i-80 Gold Corp
IAUX
$1.3B
$1.8M 0.78%
+1,669,800
New +$1.96M
GFR icon
27
Greenfire Resources
GFR
$734M
$878K 0.38%
+130,000
New +$786K
XLF icon
28
PUT
State Street Financial Select Sector SPDR ETF
XLF
$58.6B
$141K 0.06%
2,500
– –
BCE icon
29
CALL
BCE
BCE
$20.6B
– –
-200,000
Closed -$6.8M
BEPC icon
30
Brookfield Renewable
BEPC
$6.18B
– –
-762,800
Closed -$18.7M
ETSY icon
31
Etsy
ETSY
$8.15B
– –
-29,700
Closed -$2.04M
FNV icon
32
CALL
Franco-Nevada
FNV
$43.7B
– –
-100,000
Closed -$11.9M
FNV icon
33
Franco-Nevada
FNV
$43.7B
– –
-129,400
Closed -$15.4M
GIL icon
34
Gildan
GIL
$10.8B
– –
-77,400
Closed -$2.87M
OGI
35
Organigram Holdings
OGI
$137M
– –
-575,000
Closed -$1.24M
OTEX icon
36
Open Text
OTEX
$6.22B
– –
-285,345
Closed -$11.1M
QIPT
37
DELISTED
Quipt Home Medical
QIPT
– –
-955,700
Closed -$4.18M
TSAT icon
38
Telesat
TSAT
$780M
– –
-50,000
Closed -$426K
BOLD
39
Boundless Bio
BOLD
$62.9M
– –
-50,000
Closed -$713K
NVEI
40
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
– –
-275,980
Closed -$8.73M
PRMW
41
DELISTED
Primo Water Corporation
PRMW
– –
-215,000
Closed -$3.92M
1
2

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NewGen Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, NewGen Asset Management held 43 positions worth $230M, down 1.6% from $234M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

NewGen Asset Management withdrew a net $22.5M in Q2 2024, closing 14 positions and reducing 7 holdings. Its most notable exit was Brookfield Renewable, an estimated $18.7M position sold in full.

By sector, the portfolio is most concentrated in Materials at 25% of assets, up from 25% a quarter earlier, followed by Energy and Technology.

Against the trend, NewGen Asset Management opened a new position in HubSpot worth $12.7M.

  • NewGen Asset Management's largest Q2 2024 buy was HubSpot: 21,500 shares worth $12.7M.
  • NewGen Asset Management added most to Spire Global in Q2 2024, an estimated $3.36M increase.
  • NewGen Asset Management's biggest Q2 2024 reduction was Celestica, cutting an estimated $7.19M.
  • NewGen Asset Management fully exited Brookfield Renewable in Q2 2024, selling an estimated $18.7M.
  • NewGen Asset Management's ten largest holdings make up 72% of its $230M portfolio in Q2 2024.
  • NewGen Asset Management opened 12 new positions and closed 14 in Q2 2024.
  • NewGen Asset Management's portfolio value fell 1.6% quarter-over-quarter to $230M.

Based on NewGen Asset Management's 13F filing for Q2 2024, filed 31 Jul 2024.