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NewGen Asset Management Portfolio holdings

AUM $243M
1-Year Est. Return 86.06%
This Fund
S&P 500
This Quarter Est. Return
+19.89%
1 Year Est. Return
+86.06%
3 Year Est. Return
+401.85%
5 Year Est. Return
+425.12%
10 Year Est. Return
–
AUM
$230M
AUM Growth
-$3.7M
Cap. Flow
-$40.3M
Cap. Flow %
-17.53%
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 Miscellaneous 29.34%
2 Materials 25.31%
3 Energy 18.23%
4 Technology 16.58%
5 Industrials 3.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$54.4M 23.66%
100,000
+45,000
+82% +$23.6M
CDE icon
2
Coeur Mining
CDE
$21.7B
$43.3M 18.82%
7,704,725
– –
HUBS icon
3
HubSpot
HUBS
$13B
$12.7M 5.51%
+21,500
New +$13.2M
LSPD icon
4
Lightspeed Commerce
LSPD
$1.37B
$9.24M 4.02%
+675,000
New +$9.45M
TECK icon
5
Teck Resources
TECK
$34B
$8.59M 3.73%
179,306
-112,200
-38% -$5.52M
BMO icon
6
CALL
Bank of Montreal
BMO
$120B
$8.38M 3.64%
+100,000
New +$9.08M
CLS icon
7
Celestica
CLS
$37.7B
$8.03M 3.49%
140,000
-142,500
-50% -$7.19M
EFXT
8
Enerflex
EFXT
$2.44B
$7.45M 3.24%
1,379,900
-400,000
-22% -$2.17M
NOA
9
North American Construction
NOA
$353M
$7.29M 3.17%
377,907
-25,000
-6% -$520K
VRN
10
DELISTED
Veren
VRN
$7.1M 3.09%
901,800
+175,000
+24% +$1.47M
CVE icon
11
Cenovus Energy
CVE
$58.2B
$6.29M 2.73%
320,000
+5,000
+2% +$101K
BEP icon
12
Brookfield Renewable
BEP
$9.52B
$6.19M 2.69%
+250,000
New +$6.22M
QCOM icon
13
Qualcomm
QCOM
$175B
$5.3M 2.3%
+26,600
New +$5.02M
BCE icon
14
BCE
BCE
$21.9B
$4.53M 1.97%
140,000
– –
HBM icon
15
Hudbay
HBM
$13B
$4.53M 1.97%
+500,000
New +$4.34M
SPIR icon
16
Spire Global
SPIR
$535M
$4.39M 1.91%
405,000
+325,000
+406% +$3.36M
ENB icon
17
Enbridge
ENB
$110B
$4.09M 1.78%
115,000
– –
SU icon
18
CALL
Suncor Energy
SU
$76.5B
$3.81M 1.66%
+100,000
New +$3.86M
RY icon
19
Royal Bank of Canada
RY
$283B
$3.72M 1.62%
35,000
-15,000
-30% -$1.54M
PDS
20
Precision Drilling
PDS
$1.16B
$3.71M 1.61%
52,770
– –
PBA icon
21
Pembina Pipeline
PBA
$27.9B
$2.93M 1.27%
+78,900
New +$2.85M
TFII icon
22
TFI International
TFII
$11B
$2.9M 1.26%
20,000
+1,000
+5% +$141K
ASTS icon
23
AST SpaceMobile
ASTS
$17.4B
$2.9M 1.26%
+250,000
New +$1.31M
RDNT icon
24
RadNet
RDNT
$5.87B
$2.5M 1.09%
40,000
-25,000
-38% -$1.36M
CCJ icon
25
Cameco
CCJ
$43.6B
$2.21M 0.96%
45,000
-15,500
-26% -$786K
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 $40.3M 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 Miscellaneous at 29% of assets, up from 22% a quarter earlier, followed by Materials and Energy.

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.