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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

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

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

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
CDE icon
1
Coeur Mining
CDE
$15B
$53.1M 26.43%
7,713,117
+8,392
+0.1% +$52.3K
BEP icon
2
Brookfield Renewable
BEP
$9.67B
$14.4M 7.15%
508,500
+258,500
+103% +$6.5M
CLS icon
3
Celestica
CLS
$34.5B
$13.6M 6.76%
265,300
+125,300
+90% +$6.48M
LSPD icon
4
Lightspeed Commerce
LSPD
$1.34B
$12.1M 6.04%
735,000
+60,000
+9% +$802K
KGC icon
5
Kinross Gold
KGC
$27.3B
$11.5M 5.71%
+1,225,000
New +$11M
EFXT
6
Enerflex
EFXT
$2.86B
$8.33M 4.15%
1,395,355
+15,455
+1% +$86.7K
BCE icon
7
CALL
BCE
BCE
$20.6B
$6.96M 3.47%
+200,000
New +$6.83M
SPIR icon
8
Spire Global
SPIR
$479M
$6.49M 3.23%
650,000
+245,000
+60% +$2.56M
SU icon
9
CALL
Suncor Energy
SU
$73B
$6.28M 3.13%
170,000
+70,000
+70% +$2.7M
ATS icon
10
ATS Corp
ATS
$2.69B
$5.81M 2.89%
+200,000
New +$5.78M
ASTL icon
11
Algoma Steel
ASTL
$399M
$5.41M 2.69%
+528,900
New +$4.87M
CVE icon
12
Cenovus Energy
CVE
$51.6B
$5.02M 2.5%
300,000
-20,000
-6% -$371K
ENB icon
13
Enbridge
ENB
$124B
$4.67M 2.33%
115,000
– –
BMO icon
14
Bank of Montreal
BMO
$129B
$4.51M 2.25%
+50,000
New +$4.27M
MEOH icon
15
Methanex
MEOH
$4.24B
$4.34M 2.16%
+105,000
New +$4.7M
SLV icon
16
CALL
iShares Silver Trust
SLV
$27.1B
$4.26M 2.12%
+150,000
New +$4.03M
BCE icon
17
BCE
BCE
$20.6B
$4M 1.99%
115,000
-25,000
-18% -$854K
TECK icon
18
Teck Resources
TECK
$27.4B
$3.92M 1.95%
75,000
-104,306
-58% -$4.97M
NOA
19
North American Construction
NOA
$361M
$3.91M 1.95%
209,180
-168,727
-45% -$3.19M
VRN
20
DELISTED
Veren
VRN
$3.34M 1.66%
543,015
-358,785
-40% -$2.56M
PBA icon
21
Pembina Pipeline
PBA
$29.8B
$3.25M 1.62%
78,900
– –
PDS
22
Precision Drilling
PDS
$1.07B
$3.25M 1.62%
52,770
– –
SILV
23
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
$3.15M 1.57%
+340,000
New +$3.01M
RDNT icon
24
RadNet
RDNT
$4.81B
$2.02M 1%
29,070
-10,930
-27% -$689K
SKE
25
Skeena Resources
SKE
$3.18B
$1.69M 0.84%
+200,000
New +$1.45M
1
2

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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.