Latest NewGen Asset Management Ltd Stock Portfolio
NewGen Asset Management Ltd Performance:
2024 Q3: 7.83%YTD: 29.93%2023: 5.17%
Performance for 2024 Q3 is 7.83%, and YTD is 29.93%, and 2023 is 5.17%.
About NewGen Asset Management Ltd and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, NewGen Asset Management Ltd reported an equity portfolio of $200.8 Millions as of 30 Sep, 2024.
The top stock holdings of NewGen Asset Management Ltd are CDE, , . The fund has invested 26.4% of it's portfolio in COEUR MINING INC and 7.2% of portfolio in BROOKFIELD RENEWABLE PARTNER.
The fund managers got completely rid off HUBSPOT INC (HUBS), QUALCOMM INC (QCOM) and HUDBAY MINERALS INC stocks. They significantly reduced their stock positions in TECK RESOURCES LTD-CLS B and RADNET INC (RDNT). NewGen Asset Management Ltd opened new stock positions in KINROSS GOLD CORP, ALGOMA STEEL GROUP INC (ASTL) and SKEENA RESOURCES LTD (SKE). The fund showed a lot of confidence in some stocks as they added substantially to BROOKFIELD RENEWABLE PARTNER, SPIRE GLOBAL INC (SPIR) and LIGHTSPEED COMMERCE INC (LSPD).
The top stock holdings of NewGen Asset Management Ltd are CDE, , . The fund has invested 26.4% of it's portfolio in COEUR MINING INC and 7.2% of portfolio in BROOKFIELD RENEWABLE PARTNER.
The fund managers got completely rid off HUBSPOT INC (HUBS), QUALCOMM INC (QCOM) and HUDBAY MINERALS INC stocks. They significantly reduced their stock positions in TECK RESOURCES LTD-CLS B and RADNET INC (RDNT). NewGen Asset Management Ltd opened new stock positions in KINROSS GOLD CORP, ALGOMA STEEL GROUP INC (ASTL) and SKEENA RESOURCES LTD (SKE). The fund showed a lot of confidence in some stocks as they added substantially to BROOKFIELD RENEWABLE PARTNER, SPIRE GLOBAL INC (SPIR) and LIGHTSPEED COMMERCE INC (LSPD).
NewGen Asset Management Ltd Annual Return Estimates Vs S&P 500
Our best estimate is that NewGen Asset Management Ltd made a return of 7.83% in the last quarter. In trailing 12 months, it's portfolio return was 35.87%.
New Buys
| Ticker | $ Bought |
|---|---|
| kinross gold corp | 11,466,000 |
| ats corp | 5,810,000 |
| algoma steel group inc | 5,410,650 |
| bank of montreal | 4,510,000 |
| methanex corp | 4,340,700 |
| silvercrest metals inc | 3,145,000 |
| bitdeer technologies grp | 2,027,560 |
| skeena resources ltd | 1,692,000 |
New stocks bought by NewGen Asset Management Ltd
Additions
| Ticker | % Inc. |
|---|---|
| brookfield renewable partner | 103 |
| celestica inc | 89.5 |
| spire global inc | 60.49 |
| lightspeed commerce inc | 8.89 |
| enerflex ltd | 1.12 |
| coeur mining inc | 0.11 |
Additions to existing portfolio by NewGen Asset Management Ltd
Reductions
| Ticker | % Reduced |
|---|---|
| teck resources ltd-cls b | -58.17 |
| north american construction | -44.65 |
| veren inc | -39.79 |
| radnet inc | -27.32 |
| bce inc | -17.86 |
| cenovus energy inc | -6.25 |
NewGen Asset Management Ltd reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| i-80 gold corp | -1,803,380 |
| cable one inc | -745,970 |
| hudbay minerals inc | -4,525,000 |
| ast spacemobile inc | -2,902,500 |
| cameco corp | -2,214,000 |
| royal bank of canada | -3,723,300 |
| qualcomm inc | -5,298,190 |
| hubspot inc | -12,680,500 |
NewGen Asset Management Ltd got rid off the above stocks
Sector Distribution
NewGen Asset Management Ltd has about 63.3% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 63.3 |
| Basic Materials | 29.4 |
| Industrials | 3.6 |
| Energy | 2.6 |
| Healthcare | 1.1 |
Market Cap. Distribution
NewGen Asset Management Ltd has about 2.6% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| UNALLOCATED | 63.3 |
| MID-CAP | 30.6 |
| MICRO-CAP | 3.6 |
| LARGE-CAP | 2.6 |
Stocks belong to which Index?
About 30.6% of the stocks held by NewGen Asset Management Ltd either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 69.4 |
| RUSSELL 2000 | 30.6 |
NewGen Asset Management Ltd Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of NewGen Asset Management Ltd
NewGen Asset Management Ltd has 24 stocks in it's portfolio. About 67.6% of the portfolio is in top 10 stocks. SPIR proved to be the most loss making stock for the portfolio. CDE was the most profitable stock for NewGen Asset Management Ltd last quarter.
Last Reported on: 04 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ASTL | algoma steel group inc | 2.69 | 528,900 | 5,410,650 | new | |||
| ASTS | ast spacemobile inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CABO | cable one inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CDE | coeur mining inc | 26.43 | 7,713,120 | 53,066,200 | added | 0.11 | ||
| CHGG | chegg inc | 0.48 | 1,000,000 | 957,500 | new | |||
| ENB | enbridge inc | 2.33 | 115,000 | 4,670,150 | unchanged | 0.00 | ||
| HUBS | hubspot inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| LSPD | lightspeed commerce inc | 6.04 | 735,000 | 12,120,200 | added | 8.89 | ||
| QCOM | qualcomm inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| RDNT | radnet inc | 1.00 | 29,070 | 2,017,170 | reduced | -27.32 | ||
| SKE | skeena resources ltd | 0.84 | 200,000 | 1,692,000 | new | |||
| SPIR | spire global inc | 3.23 | 650,000 | 6,493,500 | added | 60.49 | ||
| brookfield renewable partner | 7.15 | 508,500 | 14,358,600 | added | 103 | |||
| celestica inc | 6.76 | 265,300 | 13,562,100 | added | 89.5 | |||
| kinross gold corp | 5.71 | 1,225,000 | 11,466,000 | new | ||||
| enerflex ltd | 4.15 | 1,395,360 | 8,326,470 | added | 1.12 | |||
| ats corp | 2.89 | 200,000 | 5,810,000 | new | ||||
| cenovus energy inc | 2.50 | 300,000 | 5,019,000 | reduced | -6.25 | |||
| bank of montreal | 2.25 | 50,000 | 4,510,000 | new | ||||
| methanex corp | 2.16 | 105,000 | 4,340,700 | new | ||||