NewGen Equity Long/Short Fund
CIK 1774035 · View on SEC EDGAR ↗
- Portfolio value
- $374.0M
- Positions
- 29
- As of
- Sept. 30, 2025 Data as of Q3 2025
#4,533 of 9,443 by 13F value · top 48.0%
Portfolio value QoQ: +119.2% 13F does not disclose cash
- Top 10 holdings weight
- 80.19%
- Top 25 holdings weight
- 99.77%
- Positions above 1%
- 20
- Effective number of positions
- 10.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q3 2025: 35.69% Est. buys $285,165,328 · sells $97,197,047
- New positions
- 18
- Increased
- 3
- Decreased
- 4
- Closed
- 10
Put-notional exposure: 48.0% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
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
Materials
10.6%
Energy
8.3%
Technology
4.6%
Utilities
2.0%
Financial Services
1.8%
Healthcare
0.2%
Other/Unmapped
72.6%
Full portfolio 29 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $68,206,000 | 18.23% | 100,000 | Put option | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $62,907,000 | 16.82% | 100,000 | Put option | Up ×1 | ||
| HYG | $48,480,000 | 12.96% | 600,000 | Put option | $32,350,000 | Up ×1 | |
| USAS | $36,862,689 | 9.86% | 9,285,312 | Up ×1 | |||
| SLV | $22,005,000 | 5.88% | 500,000 | Call option | Up ×1 | ||
| B Barrick Mining Corporation Common Shares | $13,940,000 | 3.73% | 425,000 | Up ×1 | |||
| BB BlackBerry Limited Common Stock | $13,664,000 | 3.65% | 2,800,000 | $1,298,000 | Up ×1 | ||
| CCJ Cameco Corporation Common Stock | $13,225,974 | 3.54% | 129,400 | $-1,026,186 | Down ×1 | ||
| SLSR | $10,911,084 | 2.92% | 1,648,200 | $4,041,864 | Up ×1 | ||
| IAUXWS | $9,728,000 | 2.60% | 10,000,000 | Up ×1 | |||
| IAG Iamgold Corporation Ordinary Shares | $9,032,400 | 2.41% | 780,000 | $2,214,707 | Down ×1 | ||
| EFXT Enerflex Ltd Common Shares | $8,981,001 | 2.40% | 713,344 | $3,352,717 | |||
| BEP Brookfield Renewable Partners L.P. Limited Partnership Units | $7,314,330 | 1.96% | 239,500 | $1,150,549 | Down ×1 | ||
| CGAU Centerra Gold Inc. Common Shares | $7,031,382 | 1.88% | 600,000 | Call option | Up ×1 | ||
| UEC | $6,052,000 | 1.62% | 400,000 | Up ×1 | |||
| PPTA Perpetua Resources Corp. - Common Shares | $5,887,350 | 1.57% | 245,000 | $2,548,850 | Down ×1 | ||
| UEC | $5,369,637 | 1.44% | 354,900 | Call option | Up ×1 | ||
| NOA North American Construction Group Ltd. Common Shares (no par) | $4,719,307 | 1.26% | 302,908 | Up ×1 | |||
| ENB Enbridge Inc Common Stock | $4,195,800 | 1.12% | 90,000 | $117,000 | |||
| BAM Brookfield Asset Management Inc Class A Limited Voting Shares | $3,977,250 | 1.06% | 75,000 | Up ×1 | |||
| NTSK Netskope, Inc. - Class A Common Stock | $3,546,000 | 0.95% | 150,000 | Up ×1 | |||
| VOXR Vox Royalty Corp. - common stock | $2,636,725 | 0.70% | 617,500 | Up ×1 | |||
| DEFT Defi Technologies, Inc. - Common Stock | $2,616,440 | 0.70% | 1,369,864 | Up ×1 | |||
| ASTL Algoma Steel Group Inc. - Common Shares | $1,026,224 | 0.27% | 246,097 | Up ×1 | |||
| Unknown issuer (CUSIP: 163092AF6) | $883,764 | 0.24% | 1,002,000 | $98,973 | |||
| LITS Lite Strategy, Inc. - Common Stock | $627,000 | 0.17% | 300,000 | Up ×1 | |||
| POET POET Technologies Inc. - Common Shares | $121,716 | 0.03% | 18,900 | Up ×1 | |||
| ANNA AleAnna, Inc. - Class A Common Stock | $91,920 | 0.02% | 28,283 | $-111,718 | |||
| SUIG Sui Group Holdings Limited - Common Stock | $3,874 | 0.00% | 1,300 | Up ×1 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| SPY | $68,206,000 | 100,000 | 18.23% |
| QQQ | $62,907,000 | 100,000 | 16.82% |
| USAS | $36,862,689 | 9,285,312 | 9.86% |
| SLV | $22,005,000 | 500,000 | 5.88% |
| B | $13,940,000 | 425,000 | 3.73% |
| IAUXWS | $9,728,000 | 10,000,000 | 2.60% |
| CGAU | $7,031,382 | 600,000 | 1.88% |
| UEC | $6,052,000 | 400,000 | 1.62% |
| UEC | $5,369,637 | 354,900 | 1.44% |
| NOA | $4,719,307 | 302,908 | 1.26% |
| BAM | $3,977,250 | 75,000 | 1.06% |
| NTSK | $3,546,000 | 150,000 | 0.95% |
| VOXR | $2,636,725 | 617,500 | 0.70% |
| DEFT | $2,616,440 | 1,369,864 | 0.70% |
| ASTL | $1,026,224 | 246,097 | 0.27% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| HYG | Bought more | +400K | +$32.4M |
| SLSR | Bought more | +148K | +$4.0M |
| EFXT | Price move only | +0 | +$3.4M |
| PPTA | Trimmed | -30K | +$2.5M |
| IAG | Trimmed | -146K | +$2.2M |
| BB | Bought more | +100K | +$1.3M |
| BEP | Trimmed | -2K | +$1.2M |
| CCJ | Trimmed | -63K | -$1.0M |
| ENB | Price move only | +0 | +$117K |
| ANNA | Price move only | +0 | -$112K |
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 |
|---|---|---|---|---|
| USASXXXX | Sept. 30, 2025 | 32,100,000 | $25,927,170 | No longer tracked |
| CLS | Sept. 30, 2025 | 90,000 | $14,049,900 | 23.1% |
| CNQ | Sept. 30, 2025 | 300,000 | $9,420,000 | 60.3% |
| SAND | Sept. 30, 2025 | 1,000,000 | $9,401,140 | No longer tracked |
| NXE | Sept. 30, 2025 | 1,200,000 | $8,328,000 | 19.7% |
| PRMB | Sept. 30, 2025 | 235,200 | $6,966,624 | 4.6% |
| IAUX | Sept. 30, 2025 | 8,699,284 | $5,205,652 | No longer tracked |
| SQNS | Sept. 30, 2025 | 3,155,264 | $4,638,238 | -67.2% |
| RBA | Sept. 30, 2025 | 25,000 | $2,654,750 | -18.2% |
| UPXI | Sept. 30, 2025 | 577,193 | $1,720,035 | -82.6% |