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NELSF
NewGen Equity Long/Short Fund Portfolio holdings
AUM
$374M
Turnover
73.17%
This Fund
S&P 500
This Quarter Est. Return
+45.65%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$374M
AUM Growth
+$203M
(+119%)
Cap. Flow
-$35.8M
Cap. Flow % of AUM
Cap. Flow %
-9.58%
Top 10 Holdings %
Top 10 Hldgs %
80.19%
Holding
41
New
17
Increased
3
Reduced
5
Closed
13
Avg Time Held
Equity + Options
0.1
years
Top 10 Avg Time Held
Equity + Options
0.1
years
Top 20 Avg Time Held
Equity + Options
0.1
years
Avg Time Held Equity only
0.1
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Barrick Mining
B
|
+$10.8M |
| 2 |
Brookfield Asset Management
BAM
|
+$4.46M |
| 3 |
North American Construction
NOA
|
+$4.41M |
| 4 |
Uranium Energy
UEC
|
+$4M |
| 5 |
Netskope Inc
NTSK
|
+$3.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Celestica
CLS
|
+$14M |
| 2 |
Sandstorm Gold
SAND
|
+$9.4M |
| 3 |
Americas Gold and Silver
USAS
|
+$9.29M |
| 4 |
NexGen Energy
NXE
|
+$8.33M |
| 5 |
Primo Brands
PRMB
|
+$6.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 60.05% |
| 2 | Materials | 21.47% |
| 3 | Energy | 9.96% |
| 4 | Technology | 4.63% |
| 5 | Utilities | 1.96% |
| 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
$802B
| $68.2M | 18.23% |
+100,000
| New | +$64.1M |
2025 Q3
0 quarters
|
|
2
PUT
Invesco QQQ Trust
QQQ
$467B
| $62.9M | 16.82% |
+100,000
| New | +$57.3M |
2025 Q3
0 quarters
|
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $48.5M | 12.96% |
600,000
+400,000
| +200% | +$32.2M |
2025 Q2
1 quarter
|
|
|
4
Americas Gold and Silver
USAS
$1B
| $36.9M | 9.86% |
9,285,312
-3,554,688
| -28% | -$9.29M |
2025 Q2
1 quarter
|
|
5
CALL
iShares Silver Trust
SLV
$24.7B
| $22M | 5.88% |
+500,000
| New | +$18M |
2025 Q3
0 quarters
|
|
|
6
Barrick Mining
B
$62.8B
| $13.9M | 3.73% |
+425,000
| New | +$10.8M |
2025 Q3
0 quarters
|
|
7
BlackBerry
BB
$4.9B
| $13.7M | 3.65% |
2,800,000
+100,000
| +4% | +$397K |
2025 Q2
1 quarter
|
|
8
Cameco
CCJ
$32.7B
| $13.2M | 3.54% |
129,400
-62,600
| -33% | -$4.85M |
2025 Q2
1 quarter
|
|
9
Solaris Resources
SLSR
$1.13B
| $10.9M | 2.92% |
1,648,200
+148,200
| +10% | +$787K |
2025 Q2
1 quarter
|
|
10
i-80 Gold Corp Warrants
IAUX.WS
$120M
| $9.7M | 2.6% |
+10,000,000
| New | +$2.91M |
2025 Q3
0 quarters
|
|
11
IAMGOLD
IAG
$9.2B
| $9.03M | 2.41% |
780,000
-146,200
| -16% | -$1.28M |
2025 Q2
1 quarter
|
|
12
Enerflex
EFXT
$2.81B
| $8.98M | 2.4% |
713,344
| – | – |
2025 Q2
1 quarter
|
|
13
Brookfield Renewable
BEP
$8.9B
| $7.31M | 1.96% |
239,500
-2,400
| -1% | -$61.8K |
2025 Q2
1 quarter
|
|
14
CALL
Centerra Gold
CGAU
$4.01B
| $7.03M | 1.88% |
+600,000
| New | +$4.79M |
2025 Q3
0 quarters
|
|
|
15
Uranium Energy
UEC
$3.8B
| $6.05M | 1.62% |
+400,000
| New | +$4M |
2025 Q3
0 quarters
|
|
16
Perpetua Resources
PPTA
$2.05B
| $5.89M | 1.57% |
245,000
-30,000
| -11% | -$507K |
2025 Q2
1 quarter
|
|
|
17
CALL
Uranium Energy
UEC
$3.8B
| $5.37M | 1.44% |
+354,900
| New | +$3.55M |
2025 Q3
0 quarters
|
|
|
18
North American Construction
NOA
$324M
| $4.72M | 1.26% |
+302,908
| New | +$4.41M |
2025 Q3
0 quarters
|
|
19
Enbridge
ENB
$110B
| $4.2M | 1.12% |
90,000
| – | – |
2025 Q2
1 quarter
|
|
|
20
Brookfield Asset Management
BAM
$82.8B
| $3.98M | 1.06% |
+75,000
| New | +$4.46M |
2025 Q3
0 quarters
|
|
|
21
Netskope Inc
NTSK
$9.44B
| $3.55M | 0.95% |
+150,000
| New | +$3.57M |
2025 Q3
0 quarters
|
|
22
Vox Royalty Corp
VOXR
$325M
| $2.64M | 0.7% |
+617,500
| New | +$2.12M |
2025 Q3
0 quarters
|
|
23
Defi Technologies
DEFT
$141M
| $2.62M | 0.7% |
+1,369,864
| New | +$3.55M |
2025 Q3
0 quarters
|
|
24
Algoma Steel
ASTL
$529M
| $1.03M | 0.27% |
+246,097
| New | +$1.31M |
2025 Q3
0 quarters
|
|
25
Lite Strategy Inc
LITS
$30M
| $627K | 0.17% |
+300,000
| New | +$1.24M |
2025 Q3
0 quarters
|
|
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MFGP
NewGen Equity Long/Short Fund's Q3 2025 Portfolio in Review
As of Q3 2025, NewGen Equity Long/Short Fund held 41 positions worth $374M, up 119% from $171M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
NewGen Equity Long/Short Fund withdrew a net $35.8M in Q3 2025, closing 13 positions and reducing 5 holdings. Its most notable exit was Celestica, an estimated $14M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 60% of assets, up from 19% a quarter earlier, followed by Materials and Energy.
Against the trend, NewGen Equity Long/Short Fund opened a new position in Barrick Mining worth $13.9M.
- NewGen Equity Long/Short Fund's largest Q3 2025 buy was Barrick Mining: 425,000 shares worth $13.9M.
- NewGen Equity Long/Short Fund added most to Solaris Resources in Q3 2025, an estimated $787K increase.
- NewGen Equity Long/Short Fund's biggest Q3 2025 reduction was Americas Gold and Silver, cutting an estimated $9.29M.
- NewGen Equity Long/Short Fund fully exited Celestica in Q3 2025, selling an estimated $14M.
- NewGen Equity Long/Short Fund's ten largest holdings make up 80% of its $374M portfolio in Q3 2025.
- NewGen Equity Long/Short Fund opened 17 new positions and closed 13 in Q3 2025.
- NewGen Equity Long/Short Fund's portfolio value rose 119% quarter-over-quarter to $374M.
Based on NewGen Equity Long/Short Fund's 13F filing for Q3 2025, filed 13 Nov 2025.