NAM
NewGen Asset Management Portfolio holdings
AUM
$243M
Turnover
63.83%
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
(-1.6%)
Cap. Flow
-$40.3M
Cap. Flow
% of AUM
-17.53%
Top 10 Holdings %
Top 10 Hldgs %
72.36%
Holding
43
New
12
Increased
5
Reduced
7
Closed
14
Avg Time Held Equity + Options
0.4
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.5
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HubSpot
HUBS
|
+$13.2M |
| 2 |
Lightspeed Commerce
LSPD
|
+$9.45M |
| 3 |
Brookfield Renewable
BEP
|
+$6.22M |
| 4 |
Qualcomm
QCOM
|
+$5.02M |
| 5 |
Hudbay
HBM
|
+$4.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield Renewable
BEPC
|
+$18.7M |
| 2 |
Franco-Nevada
FNV
|
+$15.4M |
| 3 |
Open Text
OTEX
|
+$11.1M |
| 4 |
Nuvei Corporation Subordinate Voting Shares
NVEI
|
+$8.73M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $54.4M | 23.66% |
100,000
+45,000
| +82% | +$23.6M |
2024 Q1
1 quarter
|
|
2
Coeur Mining
CDE
$15.4B
| $43.3M | 18.82% |
7,704,725
| – | – |
2024 Q1
1 quarter
|
|
|
3
HubSpot
HUBS
$11.3B
| $12.7M | 5.51% |
+21,500
| New | +$13.2M |
2024 Q2
0 quarters
|
|
|
4
Lightspeed Commerce
LSPD
$1.33B
| $9.24M | 4.02% |
+675,000
| New | +$9.45M |
2024 Q2
0 quarters
|
|
5
Teck Resources
TECK
$31.8B
| $8.59M | 3.73% |
179,306
-112,200
| -38% | -$5.52M |
2022 Q1
9 quarters
|
|
6
CALL
Bank of Montreal
BMO
$114B
| $8.38M | 3.64% |
+100,000
| New | +$9.08M |
2024 Q2
0 quarters
|
|
|
7
Celestica
CLS
$40.8B
| $8.03M | 3.49% |
140,000
-142,500
| -50% | -$7.19M |
2023 Q1
5 quarters
|
|
8
Enerflex
EFXT
$3.15B
| $7.45M | 3.24% |
1,379,900
-400,000
| -22% | -$2.17M |
2023 Q3
3 quarters
|
|
9
North American Construction
NOA
$315M
| $7.29M | 3.17% |
377,907
-25,000
| -6% | -$520K |
2023 Q4
2 quarters
|
|
10
DELISTED
Veren
VRN
| $7.1M | 3.09% |
901,800
+175,000
| +24% | +$1.47M |
2023 Q4
2 quarters
|
|
11
Cenovus Energy
CVE
$60.2B
| $6.29M | 2.73% |
320,000
+5,000
| +2% | +$101K |
2024 Q1
1 quarter
|
|
|
12
Brookfield Renewable
BEP
$8.37B
| $6.19M | 2.69% |
+250,000
| New | +$6.22M |
2024 Q2
0 quarters
|
|
|
13
Qualcomm
QCOM
$184B
| $5.3M | 2.3% |
+26,600
| New | +$5.02M |
2024 Q2
0 quarters
|
|
14
BCE
BCE
$18.3B
| $4.53M | 1.97% |
140,000
| – | – |
2024 Q1
1 quarter
|
|
|
15
Hudbay
HBM
$10.8B
| $4.53M | 1.97% |
+500,000
| New | +$4.34M |
2024 Q2
0 quarters
|
|
16
Spire Global
SPIR
$362M
| $4.39M | 1.91% |
405,000
+325,000
| +406% | +$3.36M |
2024 Q1
1 quarter
|
|
17
Enbridge
ENB
$106B
| $4.09M | 1.78% |
115,000
| – | – |
2023 Q1
5 quarters
|
|
18
CALL
Suncor Energy
SU
$88.8B
| $3.81M | 1.66% |
+100,000
| New | +$3.86M |
2024 Q2
0 quarters
|
|
19
Royal Bank of Canada
RY
$268B
| $3.72M | 1.62% |
35,000
-15,000
| -30% | -$1.54M |
2024 Q1
1 quarter
|
|
20
Precision Drilling
PDS
$1.07B
| $3.71M | 1.61% |
52,770
| – | – |
2023 Q1
5 quarters
|
|
21
Pembina Pipeline
PBA
$28.2B
| $2.93M | 1.27% |
+78,900
| New | +$2.85M |
2024 Q2
0 quarters
|
|
22
TFI International
TFII
$9.25B
| $2.9M | 1.26% |
20,000
+1,000
| +5% | +$141K |
2024 Q1
1 quarter
|
|
23
AST SpaceMobile
ASTS
$12.6B
| $2.9M | 1.26% |
+250,000
| New | +$1.31M |
2024 Q2
0 quarters
|
|
24
RadNet
RDNT
$5.44B
| $2.5M | 1.09% |
40,000
-25,000
| -38% | -$1.36M |
2024 Q1
1 quarter
|
|
25
Cameco
CCJ
$35.5B
| $2.21M | 0.96% |
45,000
-15,500
| -26% | -$786K |
2023 Q2
4 quarters
|
|
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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.