FF

Forge First Asset Management Inc.

High-turnover traderMomentum followerDiversified strategy

Total reported value

$217.9M

Reporting period: 2025-09-30 · Number of holdings: 38

Forge First Asset Management Inc. disclosed 38 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $217.9M and a quarterly turnover rate of 96.5%.

Personality snowflake

Concentration
19.11
Portfolio Stability
96.53
Momentum/Contrarian
100
Sector conviction
77.85
Diversification
76
Sizing Uniformity
90.85

Recent moves

  • Trim CP

    -85.3%　-$18.2M

  • Add AGI

    -55.2%　$4.4M

  • Trim NVDA

    -69.3%　-$4.2M

  • Add GFL

    +42.9%　$1.7M

  • Trim META

    +125.3%　-$2.5M

  • Add TTWO

    0.0%　$1.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1GFLGfl Environmental Inc-sub VtStock-Other9.05%+1.22%+42.89%
2BKLNInvesco Senior Loan ETFETF-Other9.02%—-2.46%
3CWSTCasella Waste Systems Inc-aStock-Industrials7.05%+7.05%NEW
4GILGildan Activewear INCStock-Consumer Disc6.72%-0.59%-44.69%
5HPEHewlett Packard EnterpriseStock-Tech6.04%+6.04%NEW
6TSMTaiwan Semiconductor-sp AdrStock-Tech5.66%—-36.23%
7AMZNAmazon.com INCStock-Consumer Disc4.20%+0.83%+22.32%
8TTWOTake-two Interactive SoftwreStock-Comm Services3.92%+0.94%—
9DOOBrp Inc/ca- Sub VotingStock-Other3.76%+3.76%NEW
10BTGB2gold CORPStock-Other3.75%+3.75%NEW
11SKESkeena Resources LTDStock-Other3.38%+3.38%NEW
12BNBrookfield CORPStock-Financials3.15%+3.15%NEW
13ITRIItron INCStock-Tech3.07%+3.07%NEW
14METAMeta Platforms Inc-class AStock-Comm Services2.96%-0.94%+125.28%
15CAECae INCStock-Other2.60%+2.60%NEW
16STNStantec INCStock-Other2.46%+0.85%-42.62%
17AGIAlamos Gold Inc-class AStock-Materials2.45%+2.05%-55.22%
18BLDTopbuild CORPStock-Industrials2.41%+2.41%NEW
19NVDANvidia CORPStock-Tech2.16%-1.74%-69.32%
20UALUnited Airlines Holdings INCStock-Industrials2.10%+2.10%NEW
21CPCanadian Pacific Kansas CityStock-Industrials1.86%-7.81%-85.33%
22CWANClearwater Analytics Holdings, Inc.Stock-Tech1.78%+1.78%NEW
23PANWPalo Alto Networks INCStock-Tech1.54%+0.79%+47.32%
24IAUX-WSI-80 Gold CORP -26Stock-Other1.45%+1.45%NEW
25FIXComfort Systems USA INCStock-Industrials1.34%+1.34%NEW
26✓ Spdr S&p 500 ETF TrETF-Large Cap & Growth1.05%-0.57%-50.77%
27GAUGaliano Gold INCStock-Other1.00%+1.00%NEW
28GOOGAlphabet Inc-cl CStock-Comm Services0.73%-0.83%-81.66%
29PINSPinterest Inc- Class AStock-Comm Services0.71%+0.71%NEW
30ORLAOrla Mining LTDStock-Other0.50%+0.50%NEW
31POWLPowell Industries INCStock-Industrials0.43%+0.43%NEW
32AVGOBroadcom Inc.Stock-Tech0.42%+0.42%NEW
33✓ Hewlett Packard Enterprise CStock-Other0.34%+0.34%NEW
34SMHCVanEck China Semiconductor ETFETF-Emerging Markets0.31%+0.31%NEW
35✓ Gildan Activewear INCStock-Other0.26%+0.26%NEW
36✓ Stock-Other0.16%——
37✓ Brookfield CORPStock-Other0.12%——
38✓ Alphabet INCStock-Other0.11%——

Holding changes this quarter

Forge First Asset Management Inc.'s most significant position changes for 2025-09-30: Sold out: Canadian Natl Railway Co (CNI); New buy: Casella Waste Systems Inc-a (CWST); New buy: Hewlett Packard Enterprise (HPE); Sold out: Telus CORP (TU); Sold out: Brookfield Business Corporation (BBUC).

Position changes disclosed by Forge First Asset Management Inc. for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1AGIAlamos Gold Inc-class A+2.1%-55.22%Add
2GFLGfl Environmental Inc-sub Vt+1.2%+42.89%Add
3TTWOTake-two Interactive Softwre+0.9%—Unchanged
4STNStantec INC+0.9%-42.62%Add
5AMZNAmazon.com INC+0.8%+22.32%Add
6PANWPalo Alto Networks INC+0.8%+47.32%Add
7✓ Spdr S&p 500 ETF Tr-0.6%-50.77%Trim
8GILGildan Activewear INC-0.6%-44.69%Trim
9GOOGAlphabet Inc-cl C-0.8%-81.66%Trim
10METAMeta Platforms Inc-class A-0.9%+125.28%Trim
11NVDANvidia CORP-1.7%-69.32%Trim
12CPCanadian Pacific Kansas City-7.8%-85.33%Trim
13CNICanadian Natl Railway Co—EXITSold out
14CWSTCasella Waste Systems Inc-a—NEWNew buy
15HPEHewlett Packard Enterprise—NEWNew buy
16TUTelus CORP—EXITSold out
17BBUCBrookfield Business Corporation—EXITSold out
18DOOBrp Inc/ca- Sub Voting—NEWNew buy
19BTGB2gold CORP—NEWNew buy
20SKESkeena Resources LTD—NEWNew buy
21BNBrookfield CORP—NEWNew buy
22ITRIItron INC—NEWNew buy
23MSFTMicrosoft CORP—EXITSold out
24XYZBlock INC—EXITSold out
25GPNGlobal Payments INC—EXITSold out
26CAECae INC—NEWNew buy
27BLDTopbuild CORP—NEWNew buy
28UALUnited Airlines Holdings INC—NEWNew buy
29GRTUFGranite Real Estate Investme—EXITSold out
30BIPBrookfield Infrastructure Partners L.P.—EXITSold out
31VVisa Inc-class A Shares—EXITSold out
32SITMSitime CORP—EXITSold out
33MAMastercard INC - A—EXITSold out
34GRNDGrindr INC—EXITSold out
35CWANClearwater Analytics Holdings, Inc.—NEWNew buy
36PBAPembina Pipeline CORP—EXITSold out
37IAUX-WSI-80 Gold CORP -26—NEWNew buy
38FIXComfort Systems USA INC—NEWNew buy
39MYRGMyr Group Inc/delaware—EXITSold out
40DSGXDescartes Systems Grp/the—EXITSold out
41GAUGaliano Gold INC—NEWNew buy
42PINSPinterest Inc- Class A—NEWNew buy
43ORLAOrla Mining LTD—NEWNew buy
44PTONPeloton Interactive Inc-a—EXITSold out
45POWLPowell Industries INC—NEWNew buy
46AVGOBroadcom Inc.—NEWNew buy
47✓ Hewlett Packard Enterprise C—NEWNew buy
48SMHCVanEck China Semiconductor ETF—NEWNew buy
49✓ Nebius Group NV—EXITSold out
50✓ Gildan Activewear INC—NEWNew buy

FAQ

What is Forge First Asset Management Inc. and what type of investor is it?
Forge First Asset Management Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $217.9M, spread across 38 disclosed positions.
What are Forge First Asset Management Inc.'s largest equity positions?
Based on the latest 13F filing, Forge First Asset Management Inc.'s top holdings by market value are: 1. Gfl Environmental Inc-sub Vt (GFL) — $19.7M (9.1%) 2. Invesco Senior Loan ETF (BKLN) — $19.7M (9.0%) 3. Casella Waste Systems Inc-a (CWST) — $15.4M (7.0%) 4. Gildan Activewear INC (GIL) — $14.6M (6.7%) 5. Hewlett Packard Enterprise (HPE) — $13.2M (6.0%)
What changes did Forge First Asset Management Inc. make in its most recent portfolio filing?
In the latest reported quarter, Forge First Asset Management Inc. made 49 notable position adjustments: 21 new positions were initiated, 5 existing holdings were added to, 6 positions were partially reduced, and 17 were completely exited. The largest of these moves: Sold out: Canadian Natl Railway Co (CNI); New buy: Casella Waste Systems Inc-a (CWST); New buy: Hewlett Packard Enterprise (HPE); Sold out: Telus CORP (TU); Sold out: Brookfield Business Corporation (BBUC)
What sectors does Forge First Asset Management Inc. focus on?
Forge First Asset Management Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 35.5% • Communication Services: 30.2% • Consumer Discretionary: 15.2% • Financials: 11.4% • Industrials: 7.6%