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NELSF
NewGen Equity Long/Short Fund Portfolio holdings
AUM
$374M
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
-9.58%
Top 10 Holdings %
Top 10 Hldgs %
80.19%
Holding
41
New
17
Increased
3
Reduced
5
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$10.8M |
| 2 |
Brookfield Asset Management
BAM
|
+$4.46M |
| 3 |
NOA
North American Construction
NOA
|
+$4.41M |
| 4 |
Uranium Energy
UEC
|
+$4M |
| 5 |
NTSK
Netskope Inc
NTSK
|
+$3.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Celestica
CLS
|
+$14M |
| 2 |
SAND
Sandstorm Gold
SAND
|
+$9.4M |
| 3 |
USAS
Americas Gold and Silver
USAS
|
+$9.29M |
| 4 |
NexGen Energy
NXE
|
+$8.33M |
| 5 |
PRMB
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 | |
|---|---|---|---|---|---|---|
26
POET Technologies
POET
$1.38B
| $122K | 0.03% |
+18,900
| New | +$107K |
|
|
ANNA
27
AleAnna Inc
ANNA
$143M
| $91.9K | 0.02% |
28,283
| – | – |
|
|
SUIG
28
Sui Group Holdings
SUIG
$76.1M
| $3.87K | ﹤0.01% |
+1,300
| New | +$5.87K |
|
|
29
Celestica
CLS
$43.7B
| – | – |
-90,000
| Closed | -$14M |
|
30
CALL
Canadian Natural Resources
CNQ
$103B
| – | – |
-300,000
| Closed | -$9.42M |
|
|
IAUX
31
i-80 Gold Corp
IAUX
$1.52B
| – | – |
-8,699,284
| Closed | -$5.21M |
|
|
32
NexGen Energy
NXE
$6.6B
| – | – |
-1,200,000
| Closed | -$8.33M |
|
33
RB Global
RBA
$15.5B
| – | – |
-25,000
| Closed | -$2.65M |
|
|
SAND
34
DELISTED
Sandstorm Gold
SAND
| – | – |
-1,000,000
| Closed | -$9.4M |
|
|
SQNS
35
Sequans Communications SA
SQNS
$42.9M
| – | – |
-315,526
| Closed | -$4.64M |
|
36
Upexi
UPXI
$76.4M
| – | – |
-577,193
| Closed | -$1.72M |
|
|
PRMB
37
Primo Brands
PRMB
$7.51B
| – | – |
-235,200
| Closed | -$6.97M |
|
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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.