NewGen Asset Management Ltd
Long book
$164.5M
Q1 2026
Positions
26
Top-10 weight
84%
concentration
Last quarter
+2.0%
SPY +14.8%
Turnover
70%
of book per quarter
Strategy in plain words
auto-generated from filingsNewGen Asset Management Ltd is a concentrated fundamental stock-picker, running a $164.5M US long book across 26 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: HIGHLANDER SILVER CORP, AMERICAS GOLD AND SILVER COR, MDA SPACE LTD, ENERFLEX LTD, COEUR MINING INC.
Over the last 9 quarters its long book ran on average 4pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+11.0%
Q2 2024
+9.9%
Q3 2024
+5.4%
Q4 2024
-17.2%
Q1 2025
+20.3%
Q2 2025
+25.1%
Q3 2025
+16.4%
Q4 2025
+3.5%
Q1 2026
+2.0%
Sector allocation
Materials 44%
Industrials 21%
Other 13%
Financials 7%
Services media 6%
Technology 4%
Energy 3%
Communications 1%
Long book by quarter
What does NewGen Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HSLV HIGHLANDER SILVER CORP | Materials | 4.9M | $28.8M | 17.5% | New |
| USAS AMERICAS GOLD AND SILVER COR | Materials | 4.4M | $23.2M | 14.1% | -28.2% |
| MDA MDA SPACE LTD | Industrials | 625.0K | $15.8M | 9.6% | New |
| EFXT ENERFLEX LTD | Industrials | 736.7K | $15.4M | 9.4% | -6.4% |
| CDE COEUR MINING INC | Materials | 625.0K | $11.7M | 7.1% | -12.9% |
| GIL GILDAN ACTIVEWEAR INC | Other | 202.6K | $11.3M | 6.9% | +105.1% |
| BGSI THE BOYD GROUP INC | Services media | 69.8K | $8.9M | 5.4% | +155.7% |
| SSRM SSR MINING INC | Financials | 280.0K | $8.2M | 5.0% | New |
| WFG WEST FRASER TIMBER CO LTD | Other | 100.0K | $6.5M | 4.0% | New |
| ENB ENBRIDGE INC | Energy | 90.0K | $4.9M | 3.0% | Held |
| CAE CAE INC | Technology | 158.2K | $4.1M | 2.5% | New |
| VZLA VIZSLA SILVER CORP | Materials | 893.7K | $2.9M | 1.8% | -0.7% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 54.0K | $2.4M | 1.5% | -46.0% |
| ZD ZIFF DAVIS INC | Communications | 52.5K | $2.2M | 1.3% | New |
| DCBO DOCEBO INC | Technology | 89.2K | $1.6M | 0.9% | New |
| TRS TRIMAS CORP | Industrials | 40.0K | $1.4M | 0.9% | -59.8% |
| PSBD PALMER SQUARE CAPITAL BDC IN | — | 73.7K | $720K | 0.4% | New |
| OCSL OAKTREE SPECIALTY LENDING CO | — | 40.5K | $458K | 0.3% | New |
| MFIC MIDCAP FINANCIAL INVESTMENT | — | 35.0K | $393K | 0.2% | New |
| NCDL NUVEEN CHURCHILL DIRECT LEND | — | 27.9K | $355K | 0.2% | New |
| MSDL MORGAN STANLEY DIRECT LENDIN | — | 24.3K | $339K | 0.2% | New |
| GBDC GOLUB CAPITAL BDC INC | — | 25.6K | $324K | 0.2% | New |
| ANNA ALEANNA INC | Energy | 28.3K | $234K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 30 | $258.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 23 | $162.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 17, 2025 | 29 | $374.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ANEW HOLDINGS | Aug 25, 2025 | 25 | $178.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 19, 2025 | 24 | $170.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 30 | $154.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 30 | $110.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 29 | $200.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 29 | $230.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 31 | $233.8M | canonical | SEC ↗ |
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