Q3 2025 · 13F-HR
LM Asset Management Inc.holdings as filed
Filed 2025-11-14 · accession 0000935836-25-000670
$132.2M
Reported value
11
Positions
2025-09-30
Period end
The Brief · LM Asset Management Inc. · Q3 2025
AI · grounded in 13F
LM Asset Management Inc. established a new position in LUMN valued at $63.5M. The fund also initiated new stakes in VET for $22.9M and GTE for $12.1M. Additional new positions include TSAT, PSLV, and ARIS.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $62.3M | 47.1% | 10,187,000 | Common | SOLE |
| 923725105 | VET | VERMILION ENERGY INC | $23.0M | 17.4% | 2,942,000 | Common | SOLE |
| 38500T200 | GTE | GRAN TIERRA ENERGY INC | $12.1M | 9.18% | 2,791,800 | Common | SOLE |
| 879512309 | TSAT | TELESAT CORP | $11.8M | 8.94% | 452,450 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $5.2M | 3.92% | 330,000 | CALL | SOLE |
| 04040Y109 | ARIS | ARIS MNG CORP | $4.5M | 3.37% | 455,000 | Common | SOLE |
| 015658107 | ASTL | ALGOMA STL GROUP INC | $4.1M | 3.09% | 1,150,000 | Common | SOLE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $3.8M | 2.88% | 510,000 | Common | SOLE |
| G4253H101 | JHX | JAMES HARDIE INDS PLC | $2.7M | 2.03% | 140,000 | Common | SOLE |
| 44862P208 | HYMC | HYCROFT MINING HOLDING CORP | $1.6M | 1.19% | 254,000 | Common | SOLE |
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $1.2M | 0.87% | 23,600 | CALL | 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.