Newgen Asset Management Ltd 13F annual report

Newgen Asset Management Ltd is an investment fund managing more than $163 billion ran by David Dattels. There are currently 25 companies in Mr. Dattels’s portfolio. The largest investments include Coeur Mining Inc and HubSpot Inc, together worth $56 billion.

$163 billion Assets Under Management (AUM)

As of 24th July 2024, Newgen Asset Management Ltd’s top holding is 7,704,725 shares of Coeur Mining Inc currently worth over $43.3 billion and making up 26.5% of the portfolio value. Relative to the number of outstanding shares of Coeur Mining Inc, Newgen Asset Management Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 21,500 shares of HubSpot Inc worth $12.7 billion, whose value fell 20.9% in the past six months. The third-largest holding is Lightspeed Commerce Inc worth $9.24 billion and the next is Teck Resources Ltd-cls B worth $8.59 billion, with 179,306 shares owned.

Currently, Newgen Asset Management Ltd's portfolio is worth at least $163 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Newgen Asset Management Ltd

The Newgen Asset Management Ltd office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, David Dattels serves as the President at Newgen Asset Management Ltd.

Recent trades

In the most recent 13F filing, Newgen Asset Management Ltd revealed that it had opened a new position in HubSpot Inc and bought 21,500 shares worth $12.7 billion. This means they effectively own approximately 0.1% of the company. HubSpot Inc makes up 48.8% of the fund's Technology sector allocation and has decreased its share price by 16.8% in the past year.

The investment fund also strengthened its position in Cenovus Inc by buying 5,000 additional shares. This makes their stake in Cenovus Inc total 320,000 shares worth $6.29 billion. Cenovus Inc soared 5.1% in the past year.

On the other hand, there are companies that Newgen Asset Management Ltd is getting rid of from its portfolio. Newgen Asset Management Ltd closed its position in Brookfield Renewable on 31st July 2024. It sold the previously owned 762,800 shares for $18.7 billion. David Dattels also disclosed a decreased stake in Teck Resources Ltd-cls B by 0.4%. This leaves the value of the investment at $8.59 billion and 179,306 shares.

One of the smallest hedge funds

The two most similar investment funds to Newgen Asset Management Ltd are Carsonallaria Wealth Management and Viewpoint Capital Management. They manage $163 billion and $163 billion respectively.

David Dattels investment strategy

Newgen Asset Management Ltd’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Materials — making up 30.6% of the total portfolio value. The fund focuses on investments in the United States as 20.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 28% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $30.9 billion.

The complete list of Newgen Asset Management Ltd trades based on 13F SEC filings

These positions were updated on July 31st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Coeur Mining Inc	No change 7,704,725	$43,300,555,000	26.52%
Brookfield Renewable Corporation	Closed 762,800	$18,741,996,000
Franco-Nevada Corporation	Closed 129,400	$15,419,304,000
Celestica, Inc.	Closed 282,500	$12,695,550,000
HubSpot Inc	Opened 21,500	$12,680,485,000	7.77%
Open Text Corp	Closed 285,345	$11,079,946,000
Lightspeed Commerce Inc	Opened 675,000	$9,240,750,000	5.66%
Nuvei Corp	Closed 275,980	$8,726,488,000
Teck Resources Ltd-cls B	38.49% 179,306	$8,588,757,000	5.26%
Celestica, Inc.	Opened 140,000	$8,026,200,000	4.92%
Enerflex Ltd	22.47% 1,379,900	$7,451,460,000	4.56%
North American Construction	6.20% 377,907	$7,286,047,000	4.46%
Veren Inc.	Opened 901,800	$7,097,166,000	4.35%
Cenovus Energy Inc	1.59% 320,000	$6,291,200,000	3.85%
Brookfield Renewable Partner	Opened 250,000	$6,188,300,000	3.79%
Crescent Point Energy Corp	Closed 726,800	$5,952,492,000
Qualcomm, Inc.	Opened 26,600	$5,298,188,000	3.24%
BCE Inc	No change 140,000	$4,531,800,000	2.78%
Hudbay Minerals Inc.	Opened 500,000	$4,525,000,000	2.77%
Spire Global Inc	406.25% 405,000	$4,390,200,000	2.69%
Quipt Home Medical Corp	Closed 955,700	$4,176,409,000
Enbridge Inc	No change 115,000	$4,092,850,000	2.51%
Primo Water Corp	Closed 215,000	$3,915,150,000
Royal Bank Of Canada	30.00% 35,000	$3,723,300,000	2.28%
Precision Drilling Corp	No change 52,770	$3,712,230,000	2.27%
Pembina Pipeline Corporation	Opened 78,900	$2,925,612,000	1.79%
TFI International Inc	5.26% 20,000	$2,903,200,000	1.78%
Ast Spacemobile Inc	Opened 250,000	$2,902,500,000	1.78%
Gildan Activewear Inc	Closed 77,400	$2,873,862,000
Atlantica Jersey Ltd	Closed 2,950,000	$2,839,523,000
Radnet Inc	38.46% 40,000	$2,502,000,000	1.53%
Cameco Corp.	25.62% 45,000	$2,214,000,000	1.36%
Etsy Inc	Closed 29,700	$2,040,984,000
I-80 Gold Corp	Opened 1,669,800	$1,803,384,000	1.10%
OrganiGram Holdings Inc.	Closed 575,000	$1,236,250,000
Greenfire Resources Ltd	Opened 130,000	$877,500,000	0.54%
Cable One Inc	Opened 1,000,000	$745,970,000	0.46%
Boundless Bio Inc	Closed 50,000	$712,500,000
Telesat Corp	Closed 50,000	$426,000,000
No transactions found
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