Forge First Asset Management Inc.
CIK 1963062 · View on SEC EDGAR ↗
- Portfolio value
- $217.9M
- Positions
- 38
- As of
- Sept. 30, 2025 Data as of Q3 2025
#6,159 of 9,443 by 13F value · top 65.2%
Portfolio value QoQ: -21.2% 13F does not disclose cash
- Top 10 holdings weight
- 59.15%
- Top 25 holdings weight
- 93.86%
- Positions above 1%
- 27
- Effective number of positions
- 20.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q3 2025: 41.62% Est. buys $102,896,359 · sells $177,604,801
Median holding: 1.0 quarters Tracked Q4 2024–Q3 2025 · 44.7% still held
- New positions
- 21
- Increased
- 5
- Decreased
- 11
- Closed
- 17
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Industrials
29.9%
Technology
17.2%
Consumer Discretionary
10.5%
Communication Services
8.3%
Materials
5.8%
Retail
4.2%
Financial Services
3.1%
Consumer products
2.4%
Other/Unmapped
18.5%
Full portfolio 38 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GFL GFL Environmental Inc. Subordinate voting shares, no par value | $19,712,517 | 9.05% | 416,100 | $5,036,191 | Up ×1 | ||
| BKLN | $19,661,130 | 9.02% | 939,600 | $-491,010 | Down ×1 | ||
| CWST Casella Waste Systems, Inc. - Class A Common Stock | $15,353,078 | 7.05% | 161,722 | Up ×1 | |||
| GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock | $14,641,669 | 6.72% | 253,500 | $-7,895,417 | Down ×1 | ||
| HPE Hewlett Packard Enterprise Company Common Stock | $13,161,255 | 6.04% | 536,100 | Up ×1 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $12,329,614 | 5.66% | 44,170 | $-3,351,729 | Down ×3 | ||
| AMZN Amazon.com, Inc. - Common Stock | $9,144,674 | 4.20% | 41,650 | $1,674,104 | Up ×1 | ||
| TTWO Take-Two Interactive Software, Inc. - Common Stock | $8,546,508 | 3.92% | 33,076 | $514,994 | |||
| DOO BRP Inc. - Common Subordinate Voting Shares | $8,187,809 | 3.76% | 134,747 | Up ×1 | |||
| BTG | $8,166,448 | 3.75% | 1,652,400 | Up ×1 | |||
| SKE Skeena Resources Limited Common Shares | $7,370,160 | 3.38% | 400,000 | Up ×1 | |||
| BN Brookfield Corporation Class A Limited Voting Shares | $6,855,111 | 3.15% | 100,000 | Up ×1 | |||
| ITRI Itron, Inc. - Common Stock | $6,679,530 | 3.07% | 53,625 | $3,962,571 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $6,452,351 | 2.96% | 8,786 | $3,574,112 | Up ×1 | ||
| CAE CAE Inc. Ordinary Shares | $5,673,472 | 2.60% | 191,700 | Up ×1 | |||
| STN Stantec Inc Common Stock | $5,357,595 | 2.46% | 49,679 | $-4,043,426 | Down ×1 | ||
| AGI Alamos Gold Inc. Class A Common Shares | $5,343,090 | 2.45% | 153,300 | $-3,743,489 | Down ×1 | ||
| BLD TopBuild Corp. Common Stock | $5,250,984 | 2.41% | 13,431 | ||||
| NVDA NVIDIA Corporation - Common Stock | $4,714,877 | 2.16% | 25,270 | $-8,288,875 | Down ×1 | ||
| UAL United Airlines Holdings, Inc. - Common Stock | $4,572,204 | 2.10% | 47,400 | $-44,596 | Down ×1 | ||
| CP Canadian Pacific Kansas City Limited Common Shares | $4,050,436 | 1.86% | 54,411 | $-25,322,301 | Down ×1 | ||
| CWAN Clearwater Analytics Holdings, Inc. Class A Common Stock | $3,881,508 | 1.78% | 215,400 | Up ×1 | |||
| PANW Palo Alto Networks, Inc. - Common Stock | $3,359,730 | 1.54% | 16,500 | $1,068,210 | Up ×2 | ||
| IAUXWS | $3,150,000 | 1.45% | 7,000,000 | Up ×1 | |||
| FIX Comfort Systems USA, Inc. Common Stock | $2,925,582 | 1.34% | 3,545 | $-1,684,666 | Down ×1 | ||
| Unknown issuer (CUSIP: 78462F953) | $2,284,800 | 1.05% | 3,200 | $-204,700 | Down ×1 | ||
| GAU | $2,176,568 | 1.00% | 1,000,000 | Up ×1 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $1,598,840 | 0.73% | 6,565 | $-4,749,932 | Down ×1 | ||
| PINS Pinterest, Inc. Class A Common Stock | $1,556,302 | 0.71% | 48,400 | Up ×1 | |||
| ORLA | $1,078,945 | 0.50% | 100,000 | Up ×1 | |||
| POWL Powell Industries, Inc. - Common Stock | $933,023 | 0.43% | 3,061 | Up ×1 | |||
| Unknown issuer (CUSIP: 11135F901) | $917,250 | 0.42% | 750 | Up ×1 | |||
| Unknown issuer (CUSIP: 42824C909) | $736,000 | 0.34% | 4,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 92189F956) | $670,000 | 0.31% | 1,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 375916903) | $571,080 | 0.26% | 2,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 45780R951) | $352,800 | 0.16% | 300 | Up ×1 | |||
| Unknown issuer (CUSIP: 11271J907) | $259,680 | 0.12% | 1,500 | Up ×1 | |||
| Unknown issuer (CUSIP: 02079K907) | $235,000 | 0.11% | 500 | Up ×1 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| CWST | $15,353,078 | 161,722 | 7.05% |
| HPE | $13,161,255 | 536,100 | 6.04% |
| DOO | $8,187,809 | 134,747 | 3.76% |
| BTG | $8,166,448 | 1,652,400 | 3.75% |
| SKE | $7,370,160 | 400,000 | 3.38% |
| BN | $6,855,111 | 100,000 | 3.15% |
| CAE | $5,673,472 | 191,700 | 2.60% |
| BLD | $5,250,984 | 13,431 | 2.41% |
| CWAN | $3,881,508 | 215,400 | 1.78% |
| IAUXWS | $3,150,000 | 7,000,000 | 1.45% |
| GAU | $2,176,568 | 1,000,000 | 1.00% |
| PINS | $1,556,302 | 48,400 | 0.71% |
| ORLA | $1,078,945 | 100,000 | 0.50% |
| POWL | $933,023 | 3,061 | 0.43% |
| Unknown issuer (CUSIP: 11135F901) | $917,250 | 750 | 0.42% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| NVDA | Trimmed | -57K | -$8.3M |
| GIL | Trimmed | -205K | -$7.9M |
| GFL | Bought more | +125K | +$5.0M |
| GOOG | Trimmed | -29K | -$4.7M |
| STN | Trimmed | -37K | -$4.0M |
| ITRI | Bought more | +33K | +$4.0M |
| AGI | Trimmed | -189K | -$3.7M |
| META | Bought more | +5K | +$3.6M |
| TSM | Trimmed | -25K | -$3.4M |
| FIX | Trimmed | -5K | -$1.7M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IJH | March 31, 2025 | 389,200 | $24,247,160 | No longer tracked |
| JPM | Sept. 30, 2025 | 51,350 | $14,879,690 | 12.6% |
| AVGO | March 31, 2025 | 59,363 | $13,759,156 | 117.5% |
| CNI | Sept. 30, 2025 | 131,900 | $13,701,435 | 35.3% |
| MRVL | March 31, 2025 | 117,921 | $13,024,374 | 295.1% |
| VZLA | Sept. 30, 2025 | 3,300,000 | $9,675,291 | No longer tracked |
| BBU | Sept. 30, 2025 | 357,465 | $9,332,920 | No longer tracked |
| AAPL | March 31, 2025 | 36,200 | $9,063,756 | 43.0% |
| TU | June 30, 2025 | 622,200 | $8,937,417 | -37.1% |
| CBOE | March 31, 2025 | 43,303 | $8,461,406 | No longer tracked |
| MRVL | Sept. 30, 2025 | 103,800 | $8,029,968 | 189.3% |
| TD | March 31, 2025 | 127,100 | $6,760,883 | 96.1% |
| XYZ | June 30, 2025 | 117,500 | $6,386,125 | 19.1% |
| XPO | Sept. 30, 2025 | 48,100 | $6,078,878 | 51.6% |
| GPN | June 30, 2025 | 59,300 | $5,811,400 | 15.6% |
| CHKP | Sept. 30, 2025 | 25,900 | $5,730,116 | -35.9% |
| HLX | March 31, 2025 | 597,100 | $5,564,972 | 27.9% |
| CHKP | March 31, 2025 | 29,004 | $5,417,657 | -41.8% |
| AMD | Sept. 30, 2025 | 38,000 | $5,391,820 | 188.0% |
| IAUX | Sept. 30, 2025 | 7,910,800 | $4,870,682 | No longer tracked |
| BAC | Sept. 30, 2025 | 103,000 | $4,869,840 | 21.9% |
| GRTUF | June 30, 2025 | 95,800 | $4,468,468 | No longer tracked |
| V | June 30, 2025 | 12,100 | $4,239,235 | 3.5% |
| MA | June 30, 2025 | 7,300 | $3,999,451 | 2.7% |
| PBA | June 30, 2025 | 96,200 | $3,853,755 | 31.5% |
| GRND | Sept. 30, 2025 | 152,799 | $3,471,593 | 4.6% |
| BLD | March 31, 2025 | 10,587 | $3,292,028 | No longer tracked |
| MSFT | Sept. 30, 2025 | 6,540 | $3,251,426 | -6.7% |
| DDOG | March 31, 2025 | 22,200 | $3,170,160 | 134.6% |
| NTR | March 31, 2025 | 62,000 | $2,773,880 | 48.0% |
| BIP | Sept. 30, 2025 | 80,398 | $2,688,380 | 19.5% |
| SITM | Sept. 30, 2025 | 11,670 | $2,488,861 | 102.5% |
| TTD | March 31, 2025 | 21,000 | $2,467,080 | -75.4% |
| GTLB | March 31, 2025 | 43,600 | $2,455,988 | -10.7% |
| OR | Sept. 30, 2025 | 92,900 | $2,384,635 | -12.1% |
| DSGX | June 30, 2025 | 22,200 | $2,237,913 | -23.3% |
| ORCL | March 31, 2025 | 12,600 | $2,100,294 | 2.0% |
| LAD | March 31, 2025 | 5,320 | $1,901,262 | 26.6% |
| CGNX | March 31, 2025 | 43,700 | $1,567,082 | 99.7% |
| S | March 31, 2025 | 56,400 | $1,250,952 | 16.6% |
| MYRG | Sept. 30, 2025 | 5,815 | $1,055,364 | 54.9% |
| PTON | June 30, 2025 | 149,300 | $943,576 | -20.4% |
| CLS | Sept. 30, 2025 | 5,906 | $920,726 | 22.3% |
| NBIS | June 30, 2025 | 29,950 | $632,394 | 290.4% |
| PATK | March 31, 2025 | 7,600 | $631,636 | 0.6% |
| IESC | March 31, 2025 | 2,253 | $453,304 | 316.7% |