Institutional Manager · CIK 0002057190
LM Asset (IM) Inc.
Vancouver, A1 · File #028-25386
Latest AUM
$126.4M
Positions
11
Top-10 Concentration
98.8%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | GOODYEAR TIRE & RUBR CO | 382550101 | +1,170,000 | +$10.2M | +$652,800 |
| NEW | BRANDYWINE RLTY TR | 105368203 | +2,680,000 | +$7.8M | $0 |
| ADD | VERMILION ENERGY INC | VET | +830,600 | +$6.9M | +$1.5M |
| ADD | GRAN TIERRA ENERGY INC | GTE | +899,620 | +$3.8M | -$307,098 |
| REDUCE | TELESAT CORP | TSAT | -123,000 | -$3.6M | +$1.2M |
| REDUCE | ARIS MNG CORP | 04040Y109 | -200,000 | -$3.2M | +$2.9M |
| REDUCE | SPROTT ASSET MANAGEMENT LP | SII | -120,000 | -$2.8M | +$2.6M |
| EXITED | JAMES HARDIE INDS PLC | G4253H101 | -140,000 | -$2.7M | $0 |
| NEW | CLAROS MTG TR INC | 18270D106 | +534,000 | +$1.6M | $0 |
| EXITED | HYCROFT MINING HOLDING CORP | 44862P208 | -254,000 | -$1.6M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202511 pos · $126.4M
- 13F HOLDINGS REPORTQ/E Sep 202511 pos · $132.2M
- 13F HOLDINGS REPORTQ/E Jun 202511 pos · $107.7M
- 13F HOLDINGS REPORTQ/E Mar 202510 pos · $97.5M
- 13F HOLDINGS REPORTQ/E Dec 202410 pos · $109.1M
Top 11 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VERMILION ENERGY INC | VET | 3,772,600 | $31.4M | 24.87% |
| 2 | LUMEN TECHNOLOGIES INC | LUMN | 3,737,000 | $29.0M | 22.97% |
| 3 | GRAN TIERRA ENERGY INC | GTE | 3,691,420 | $15.7M | 12.38% |
| 4 | GOODYEAR TIRE & RUBR CO | 382550101 | 1,680,000 | $14.7M | 11.64% |
| 5 | TELESAT CORP | TSAT | 329,450 | $9.5M | 7.53% |
| 6 | BRANDYWINE RLTY TR | 105368203 | 2,680,000 | $7.8M | 6.19% |
| 7 | ALGOMA STL GROUP INC | 015658107 | 1,470,000 | $6.0M | 4.77% |
| 8 | SPROTT ASSET MANAGEMENT LP | SII | 210,000 | $5.0M | 3.93% |
| 9 | ARIS MNG CORP | 04040Y109 | 255,000 | $4.1M | 3.28% |
| 10 | CLAROS MTG TR INC | 18270D106 | 534,000 | $1.6M | 1.29% |
| 11 | LUMEN TECHNOLOGIES INC | LUMN | 29,000 | $1.5M | 1.15% |