Q2 2025 · 13F-HR
LM Asset Management Inc.holdings as filed
Filed 2025-08-14 · accession 0000935836-25-000504
$107.7M
Reported value
11
Positions
2025-06-30
Period end
The Brief · LM Asset Management Inc. · Q2 2025
AI · grounded in 13F
LM Asset Management Inc. established a new position in LUMN valued at $45.56M. The fund also initiated new stakes in VET for $20.33M and TSAT for $11.32M. Additional new positions include GTE, STNG, and ASTL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $45.4M | 42.2% | 10,367,000 | Common | SOLE |
| 923725105 | VET | VERMILION ENERGY INC | $20.3M | 18.9% | 2,790,000 | Common | SOLE |
| 879512309 | TSAT | TELESAT CORP | $11.3M | 10.5% | 466,450 | Common | SOLE |
| 38500T200 | GTE | GRAN TIERRA ENERGY INC | $9.3M | 8.62% | 1,945,800 | Common | SOLE |
| Y7542C130 | STNG | SCORPIO TANKERS INC | $6.7M | 6.18% | 170,000 | Common | SOLE |
| 015658107 | ASTL | ALGOMA STL GROUP INC | $6.1M | 5.69% | 890,000 | Common | SOLE |
| 85207K107 | PSLV | SPROTT PHYSICAL SILVER TR | $4.0M | 3.75% | 330,000 | Common | SOLE |
| 04040Y109 | ARIS | ARIS MNG CORP | $3.2M | 2.93% | 470,000 | Common | SOLE |
| 44862P208 | HYMC | HYCROFT MINING HOLDING CORP | $1.2M | 1.10% | 380,000 | Common | SOLE |
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $157,200 | 0.15% | 12,200 | CALL | SOLE |
| 023139884 | OSG | AMBAC FINL GROUP INC | $42,600 | 0.04% | 6,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.