1y return+92.8%S&P 500 +20.9%
3y return+199.1%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2023: $299 against $168 in the S&P 500.2
NewGen Asset Management LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MDAMda Space Ltd | $29.9M | 16.4% | +16.0% |
| HSLVHighlander Silver Corp | $19.5M | 10.7% | −14.7% |
| USASAmericas Gold And Silver Cor | $16.5M | 9.1% | −21.3% |
| EFXTEnerflex Ltd | $15.6M | 8.6% | −13.6% |
| GILGildan Activewear Inc | $15.5M | 8.5% | +48.1% |
| TACTransalta Corp | $7.6M | 4.2% | New |
| BGSIBoyd Group Services Inc | $7.6M | 4.1% | +14.3% |
| AEMAgnico Eagle Mines Ltd | $7.0M | 3.8% | New |
| ARIApollo Coml Real Estate Fin | $6.8M | 3.7% | +108.5% |
| CAECae Inc | $6.5M | 3.5% | +62.8% |
| SHOPShopify Inc | $6.1M | 3.4% | New |
| CCJCameco Corp | $5.1M | 2.8% | New |
| ENBEnbridge Inc | $4.9M | 2.7% | |
| IAGIamgold Corp | $4.8M | 2.6% | New |
| Progress Software CorpCUSIP 743312AD2 | $4.7M | 2.6% | New |
| SLSRSolaris Res Inc | $4.6M | 2.5% | New |
| ATSAts Corporation | $4.3M | 2.4% | New |
| VISNVistance Networks Inc | $2.6M | 1.4% | New |
| Trulieve Cannabis CorpCUSIP 89788C104 | $2.0M | 1.1% | New |
| VZLAVizsla Silver Corp | $2.0M | 1.1% | −33.6% |
| Winnebago Inds IncCUSIP 974637AF7 | $1.9M | 1.0% | New |
| PSBDPalmer Square Capital Bdc In | $1.6M | 0.9% | +109.7% |
| ELMEElme Communities | $1.5M | 0.8% | +80.6% |
| SLRCSlr Investment Corp | $1.3M | 0.7% | New |
| OCSLOaktree Specialty Lending | $881K | 0.5% | +82.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| EFXTEnerflex Ltd | September 30, 2023 | +327.7% | $15.6M |
| MDAMda Space Ltd | March 31, 2026 | +63.0% | $29.9M |
| ENBEnbridge Inc | March 31, 2023 | +42.1% | $4.9M |
| USASAmericas Gold And Silver Cor | September 30, 2025 | +26.9% | $16.5M |
| MSDLMorgan Stanley Direct Lendin | March 31, 2026 | +8.3% | $519K |
| PSBDPalmer Square Capital Bdc In | March 31, 2026 | +6.7% | $1.6M |
| OCSLOaktree Specialty Lending | March 31, 2026 | +5.7% | $881K |
| GBDCGolub Cap Bdc Inc | March 31, 2026 | +1.7% | $515K |
| ARIApollo Coml Real Estate Fin | March 31, 2026 | +1.1% | $6.8M |
| CAECae Inc | March 31, 2026 | −3.8% | $6.5M |
Sold off last quarter
- CDECoeur Mining Inc was $11.7M
- SSRMSsr Mining Inc was $8.2M
- Brookfield Renewable Partners L.pCUSIP G16258108 was $7.8M
- WFGWest Fraser Timber Co Ltd was $6.5M
- BAMBrookfield Asset Management Ltd. was $2.4M
- ZDZiff Davis Inc was $2.2M
- DCBODocebo Inc was $1.6M
- TRSTrimas Corp was $1.4M
- NCDLNuveen Churchill Direct Lending Corp. was $355K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +0.5% | +14.8% |
| March 31, 2026 | +4.4% | −4.6% |
| December 31, 2025 | +18.1% | +2.4% |
| September 30, 2025 | +55.6% | +7.8% |
| June 30, 2025 | +24.8% | +10.5% |
| March 31, 2025 | −15.5% | −4.6% |
| December 31, 2024 | +2.7% | +2.1% |
| September 30, 2024 | +8.4% | +5.4% |
| June 30, 2024 | +9.2% | +4.0% |
| March 31, 2024 | +9.6% | +10.0% |
| December 31, 2023 | +4.6% | +11.2% |
| September 30, 2023 | +5.7% | −3.6% |
| March 31, 2023 | +4.7% | +7.0% |
| December 31, 2022 | +3.8% | +7.1% |
| September 30, 2022 | −11.5% | −5.3% |
| June 30, 2022 | −17.4% | −16.5% |
| March 31, 2022 | +0.1% | −4.9% |
| December 31, 2021 | −3.8% | +10.7% |
| September 30, 2021 | −3.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: NewGen Asset Management Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1845012&type=13F-HR&dateb=&owner=include&count=40CIK 1845012
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1845012/000091957426005082/Filed August 13, 2026 · accession 0000919574-26-005082