Forge First Asset Management Inc.
13F Reported Value
ⓘ$217.9M
Holdings
38
Latest Filing
2025-09-30
Filing Quarter
Q3 2025
Portfolio Overview
Forge First Asset Management Inc. disclosed 38 positions worth $217.9M in its Form 13F-HR for Q3 2025, led by $GFL (GFL Environmental Inc.) at 9.1% of the equity portfolio. During the quarter the fund opened 18 new positions and exited 17 — including a new stake in $CWST and a full exit from $JPM. The portfolio is most concentrated in Technology (22.9% of disclosed assets). All figures are sourced directly from Forge First Asset Management Inc.’s Form 13F-HR filing with the SEC under CIK 1963062.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q3 2025
Click any card to unlockTop Holdings
- —
Quality
$19.7M416,100 sh INVESCO EXCH TRADED FD TR II
—Quality
$19.7M939,600 sh- 48.6#1,546
Quality
$15.4M161,722 sh - —
Quality
$14.6M253,500 sh - 52.5
Quality
$13.2M536,100 sh - $12.3M44,170 sh
- 74.6
Quality
$9.1M41,650 sh TAKE-TWO INTERACTIVE SOFTWAR
—Quality
$8.5M33,076 sh- —
Quality
$8.2M134,747 sh - —
Quality
$8.2M1,652,400 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 GFL Environmental Inc.$GFL | — | $19.7M | 416,100 |
| INVESCO EXCH TRADED FD TR II | — | $19.7M | 939,600 |
 CASELLA WASTE SYSTEMS INC$CWST | 48.6#1,546 | $15.4M | 161,722 |
 Gildan Activewear Inc.$GIL | — | $14.6M | 253,500 |
 Hewlett Packard Enterprise Co$HPE | 52.5 | $13.2M | 536,100 |
 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM | — | $12.3M | 44,170 |
 AMAZON COM INC$AMZN | 74.6 | $9.1M | 41,650 |
| TAKE-TWO INTERACTIVE SOFTWAR | — | $8.5M | 33,076 |
 BRP Inc.$DOO | — | $8.2M | 134,747 |
 B2GOLD CORP$BTG | — | $8.2M | 1,652,400 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Forge First Asset Management Inc.'s 38 positions.
Showing top 10 of 38 holdings.
Sector Allocation
Technology
$49.8M
Industrials
$38.1M
Other
$36.1M
Utilities
$35.1M
Materials
$27.3M
Consumer Discretionary
$24.4M
Real Estate
$7.1M
Full Holdings — Forge First Asset Management Inc. (Q3 2025)
All 38 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $GFL | GFL Environmental Inc. | $19.7M | 9.1% | +43% | — |
| 2 | — | INVESCO EXCH TRADED FD TR II | $19.7M | 9.0% | -2% | — |
| 3 | $CWST | CASELLA WASTE SYSTEMS INC | $15.4M | 7.0% | NEW | 48.6 |
| 4 | $GIL | Gildan Activewear Inc. | $14.6M | 6.7% | -45% | — |
| 5 | $HPE | Hewlett Packard Enterprise Co | $13.2M | 6.0% | NEW | 52.5 |
| 6 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $12.3M | 5.7% | -36% | — |
| 7 | $AMZN | AMAZON COM INC | $9.1M | 4.2% | +22% | 74.6 |
| 8 | — | TAKE-TWO INTERACTIVE SOFTWAR | $8.5M | 3.9% | +0% | — |
| 9 | $DOO | BRP Inc. | $8.2M | 3.8% | NEW | — |
| 10 | $BTG | B2GOLD CORP | $8.2M | 3.8% | NEW | — |
| 11 |  $SKE | Skeena Resources Ltd | $7.4M | 3.4% | NEW | — |
| 12 |  $BN | BROOKFIELD Corp /ON/ | $6.9M | 3.1% | NEW | — |
| 13 |  $ITRI | ITRON, INC. | $6.7M | 3.1% | +160% | 64.4 |
| 14 |  $META | Meta Platforms, Inc. | $6.5M | 3.0% | +125% | 80.9 |
| 15 |  $CAE | CAE INC | $5.7M | 2.6% | NEW | — |
| 16 |  $STN | STANTEC INC | $5.4M | 2.5% | -43% | — |
| 17 |  $AGI | ALAMOS GOLD INC | $5.3M | 2.5% | -55% | — |
| 18 |  $BLD | QXO Insulation, LLC | $5.3M | 2.4% | NEW | 62 |
| 19 |  $NVDA | NVIDIA CORP | $4.7M | 2.2% | -69% | 90.2 |
| 20 |  $UAL | United Airlines Holdings, Inc. | $4.6M | 2.1% | -18% | 61.3 |
| 21 |  $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | $4.1M | 1.9% | -85% | — |
| 22 | — | CLEARWATER ANALYTICS HLDGS I | $3.9M | 1.8% | NEW | — |
| 23 |  $PANW | Palo Alto Networks Inc | $3.4M | 1.5% | +47% | 66.5 |
| 24 |  $IAUX | i-80 Gold Corp. | $3.1M | 1.4% | -12% | — |
| 25 |  $FIX | COMFORT SYSTEMS USA INC | $2.9M | 1.3% | -59% | 79.5 |
| 26 | — | SPDR S&P 500 ETF TR | $2.3M | 1.1% | -51% | — |
| 27 |  $GAU | Galiano Gold Inc. | $2.2M | 1.0% | NEW | — |
| 28 |  $GOOGL | Alphabet Inc. | $1.6M | 0.7% | -82% | 80.2 |
| 29 |  $PINS | PINTEREST, INC. | $1.6M | 0.7% | NEW | 62 |
| 30 |  $ORLA | Orla Mining Ltd. | $1.1M | 0.5% | NEW | — |
| 31 |  $POWL | POWELL INDUSTRIES INC | $933,023 | 0.4% | NEW | 69.5 |
| 32 |  $AVGO | Broadcom Inc. | $917,250 | 0.4% | NEW | 86.4 |
| 33 | — | HEWLETT PACKARD ENTERPRISE C | $736,000 | 0.3% | NEW | — |
| 34 | — | VANECK ETF TRUST | $670,000 | 0.3% | NEW | — |
| 35 | $GIL | Gildan Activewear Inc. | $571,080 | 0.3% | NEW | — |
| 36 | — | INSTALLED BLDG PRODS INC | $352,800 | 0.2% | NEW | — |
| 37 | $BN | BROOKFIELD Corp /ON/ | $259,680 | 0.1% | NEW | — |
| 38 |  $GOOG | Alphabet Inc. | $235,000 | 0.1% | NEW | 80.2 |
New Positions (18)
$CWST CASELLA WASTE SYSTEMS INC$15.4M$HPE Hewlett Packard Enterprise Co$13.2M$DOO BRP Inc.$8.2M$BTG B2GOLD CORP$8.2M$SKE Skeena Resources Ltd$7.4M$BN BROOKFIELD Corp /ON/$6.9M$CAE CAE INC$5.7M$BLD QXO Insulation, LLC$5.3M$GAU Galiano Gold Inc.$2.2M$PINS PINTEREST, INC.$1.6M$ORLA Orla Mining Ltd.$1.1M$POWL POWELL INDUSTRIES INC$933,023$AVGO Broadcom Inc.$917,250Exited Positions (17)
$JPM JPMORGAN CHASE & CO
$CNI CANADIAN NATIONAL RAILWAY CO
$VZLA Vizsla Silver Corp.
$MRVL Marvell Technology, Inc.
$XPO XPO, Inc.
$AMD ADVANCED MICRO DEVICES INC
$BAC BANK OF AMERICA CORP /DE/
$GRND Grindr Inc.
$MSFT MICROSOFT CORP
$SITM SITIME Corp
$OR OR Royalties Inc.Browse Top Institutional Investors
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Every holding in Forge First Asset Management Inc.'s portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.