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Newgen Asset Management LTD

CIK:0001845012
Hedge Fund
$1B AUM
25 holdings
Toronto, ON, Canada
Founded:2019
13 employees
Latest filing:Jun 30, 2025

NewGen Asset Management Ltd is an employee-owned alternative investment manager based in Toronto, Ontario, Canada. Founded to offer an alternative to traditional long-only investment strategies, the firm specializes in absolute return strategies targeting consistent, uncorrelated returns and capital preservation. Registered with the Ontario Securities Commission as a Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer, NewGen serves institutions, family offices, retail advisors, and high net worth individuals. The firm is known for its disciplined risk management and fundamental research-driven approach. As of early 2025, NewGen employs approximately 13 people.

Investment Strategy

NewGen Asset Management Ltd focuses on absolute return strategies, aiming to provide consistent, uncorrelated returns with a strong emphasis on capital preservation and defensive market exposures. Their approach is rooted in active fund management driven by a rigorous fundamental research process to identify market inefficiencies. The firm consistently applies a disciplined risk management framework designed to minimize downside volatility and preserve capital, while maintaining low correlation with traditional asset classes. NewGen seeks to deliver alpha-driven returns with minimized market beta, serving a diverse client base of institutions, family offices, retail advisors, and high net worth individuals.

Latest 13F Filing Activity

Newgen Asset Management LTD filed their most recent 13F report on Jun 30, 2025 disclosing 17 equity positions and 2 options positions with a total 13F market value of $178M. The fund increased holdings in Cameco Corp., Sandstorm Gold LTD, Americas Gold and Silver Corp. among other positions. Newgen Asset Management LTD reduced exposure to Coeur Mining Inc., GFL Environmental Inc., Methanex Corp. among others.

Top Buys
C
CCJCAMECO CORP
+$14.3M
S
SANDSANDSTORM GOLD LTD
+$9.4M
U
USASAMERICAS GOLD AND SILVER CORP
+$9.3M
C
CLSCELESTICA INC
+$8.5M
N
NXENEXGEN ENERGY LTD
+$8.3M
Top Sells
C
CDECOEUR MINING INC
-$7.7M
G
GFLGFL ENVIRONMENTAL INC
-$4.0M
M
MEOHMETHANEX CORP
-$3.7M
T
TDTORONTO-DOMINION BANK
-$3.5M
P
PBAPEMBINA PIPELINE CORP
-$3.2M

Top Holdings

U
USASAMERICAS GOLD AND SILVER CORP
+14.5%$25.9M
C
CCJCAMECO CORP
+8.0%$14.3M
C
CLSCELESTICA INC
+7.9%$14.0M
B
BBBLACKBERRY LTD
+6.9%$12.4M
S
SANDSANDSTORM GOLD LTD
+5.3%$9.4M

Equity Positions (17)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
AMERICAS GOLD AND SILVER CORP14.53%$25.9M32,100,000$0.50$0.81+$9.3M
CAMECO CORP7.99%$14.3M192,000$74.23$74.23+$14.3M
CELESTICA INC7.87%$14.0M90,000$95.99$156.11+$8.5M
BLACKBERRY LTD6.93%$12.4M2,700,000$4.08$4.58+$6.0M
SANDSTORM GOLD LTD5.27%$9.4M1,000,000$9.40$9.40+$9.4M

Options Positions (2)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
ISHARES IBOXX HIGH YIELD CORPORATE BOND ETFSold
Put
$16.1M2,000$80.65$78.89-1,500-$11.5M
CANADIAN NATURAL RESOURCES INC
Call
$9.4M3,000$31.40$30.800+$180.0K

Industry Allocation

METAL MINING
+14.5%
GOLD AND SILVER ORES
+13.9%
MISCELLANEOUS METAL ORES
+12.7%
PRINTED CIRCUIT BOARDS
+7.9%
SERVICES-PREPACKAGED SOFTWARE
+6.9%