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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
+10.79%
1 Year Est. Return
+140.76%
3 Year Est. Return
+390.96%
5 Year Est. Return
+454.65%
10 Year Est. Return
–
AUM
$201M
AUM Growth
-$29.3M
Cap. Flow
-$42.7M
Cap. Flow %
-21.28%
Top 10 Hldgs %
68.95%
Holding
41
New
12
Increased
7
Reduced
6
Closed
12

Top Buys

Rank Stock Value
1
KGC icon
Kinross Gold
KGC
+$11M
2
BEP icon
Brookfield Renewable
BEP
+$6.5M
3
CLS icon
Celestica
CLS
+$6.48M
4
ATS icon
ATS Corp
ATS
+$5.78M
5
ASTL icon
Algoma Steel
ASTL
+$4.87M

Top Sells

Rank Stock Value
1
HUBS icon
HubSpot
HUBS
+$12.7M
2
QCOM icon
Qualcomm
QCOM
+$5.3M
3
TECK icon
Teck Resources
TECK
+$4.97M
4
HBM icon
Hudbay
HBM
+$4.53M
5
RY icon
Royal Bank of Canada
RY
+$3.72M

Sector Composition

Rank Sector Weight
1 Materials 41.36%
2 Energy 17.12%
3 Technology 12.79%
4 Utilities 7.15%
5 Industrials 6.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXE icon
26
NexGen Energy
NXE
$6.99B
$1.63M 0.81%
+250,000
New +$1.55M
GFR icon
27
Greenfire Resources
GFR
$771M
$969K 0.48%
130,000
– –
ASTS icon
28
AST SpaceMobile
ASTS
$21.5B
– –
-250,000
Closed -$2.9M
BMO icon
29
CALL
Bank of Montreal
BMO
$127B
– –
-100,000
Closed -$8.38M
CCJ icon
30
Cameco
CCJ
$42.4B
– –
-45,000
Closed -$2.21M
HBM icon
31
Hudbay
HBM
$12.3B
– –
-500,000
Closed -$4.53M
HUBS icon
32
HubSpot
HUBS
$10.5B
– –
-21,500
Closed -$12.7M
IAUX
33
i-80 Gold Corp
IAUX
$1.4B
– –
-1,669,800
Closed -$1.8M
QCOM icon
34
Qualcomm
QCOM
$176B
– –
-26,600
Closed -$5.3M
RY icon
35
Royal Bank of Canada
RY
$293B
– –
-35,000
Closed -$3.72M
SPY icon
36
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
– –
-100,000
Closed -$54.4M
TFII icon
37
TFI International
TFII
$11.5B
– –
-20,000
Closed -$2.9M
XLF icon
38
PUT
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
– –
-2,500
Closed -$141K
1
2

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TC
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MCA
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JFG
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BOC
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FAFN
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KC
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NewGen Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, NewGen Asset Management held 41 positions worth $201M, down 13% from $230M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

NewGen Asset Management withdrew a net $42.7M in Q3 2024, closing 12 positions and reducing 6 holdings. Its most notable exit was HubSpot, an estimated $12.7M position sold in full.

By sector, the portfolio is most concentrated in Materials at 41% of assets, up from 25% a quarter earlier, followed by Energy and Technology.

Against the trend, NewGen Asset Management opened a new position in Kinross Gold worth $11.5M.

  • NewGen Asset Management's largest Q3 2024 buy was Kinross Gold: 1,225,000 shares worth $11.5M.
  • NewGen Asset Management added most to Brookfield Renewable in Q3 2024, an estimated $6.5M increase.
  • NewGen Asset Management's biggest Q3 2024 reduction was Teck Resources, cutting an estimated $4.97M.
  • NewGen Asset Management fully exited HubSpot in Q3 2024, selling an estimated $12.7M.
  • NewGen Asset Management's ten largest holdings make up 69% of its $201M portfolio in Q3 2024.
  • NewGen Asset Management opened 12 new positions and closed 12 in Q3 2024.
  • NewGen Asset Management's portfolio value fell 13% quarter-over-quarter to $201M.

Based on NewGen Asset Management's 13F filing for Q3 2024, filed 4 Nov 2024.