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Forge First Asset Management Inc.

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13F filer, CIK 1963062, TORONTO, Canada

Forge First Asset Management Inc. reported $229,705,964 across 31 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-09. Its ten largest share positions make up 64.01% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-25-007224

Period
2025-03-31
Reported value
$230M
Holdings
31
Top 10 weight
64.01%
New
13
Sold out
21

Part of the filer group CI INVESTMENTS INC.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GILadded+332,600$14.7M
GFLadded+304,225$14.7M
TUnew+622,200$8.94M
NVDAadded+74,660$8.12M
TTWOnew+33,076$6.85M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
IJHexited-389,200-$24.2M
BKLNreduced-890,800-$18.4M
AVGOexited-59,363-$13.8M
MRVLexited-117,921-$13M
AAPLexited-36,200-$9.06M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001214659-25-007224, largest first. % of portfolio is the value over $229,705,964, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 176,800 shares; 2025Q1: 229,300 shares 229,300$22.3M9.73%+52,500Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 208,300 shares; 2024Q4: 271,000 shares; 2025Q1: 315,911 shares 315,911$22.2M9.67%+44,911Timeline
BKLNINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,854,100 shares; 2024Q4: 1,854,100 shares; 2025Q1: 963,300 shares 963,300$19.9M8.68%-890,800Timeline
GFLGFL ENVIRONMENTAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,775 shares; 2024Q4: 67,775 shares; 2025Q1: 372,000 shares 372,000$18M7.83%+304,225Timeline
GILGILDAN ACTIVEWEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,400 shares; 2024Q4: 46,600 shares; 2025Q1: 379,200 shares 379,200$16.8M7.31%+332,600Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,470 shares; 2024Q4: 76,370 shares; 2025Q1: 73,370 shares 73,370$12.2M5.3%-3,000Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,410 shares; 2024Q4: 7,710 shares; 2025Q1: 82,370 shares 82,370$8.96M3.9%+74,660Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,700 shares; 2024Q4: 21,070 shares; 2025Q1: 15,523 shares 15,523$8.95M3.9%-5,547Timeline
TUTELUS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 622,200 shares 622,200$8.94M3.89%newTimeline
BBUBROOKFIELD BUSINESS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,464 shares; 2024Q4: 532,964 shares; 2025Q1: 371,565 shares 371,565$8.73M3.8%-161,399Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,000 shares; 2024Q4: 39,500 shares; 2025Q1: 40,650 shares 40,650$7.74M3.37%+1,150Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWARQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 33,076 shares 33,076$6.85M2.98%newTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,975 shares; 2024Q4: not reported; 2025Q1: 17,340 shares 17,340$6.5M2.83%newTimeline
XYZBLOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 117,500 shares 117,500$6.39M2.78%newTimeline
GPNGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,278 shares; 2024Q4: 92,078 shares; 2025Q1: 59,300 shares 59,300$5.81M2.53%-32,778Timeline
GRTUFGRANITE REAL ESTATE INVESTMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 123,300 shares; 2025Q1: 95,800 shares 95,800$4.47M1.95%-27,500Timeline
BIPBROOKFIELD INFRASTRUCTURE PAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,298 shares; 2024Q4: 72,598 shares; 2025Q1: 148,898 shares 148,898$4.44M1.93%+76,300Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,100 shares; 2024Q4: 12,100 shares; 2025Q1: 12,100 shares 12,100$4.24M1.85%0Timeline
SITMSITIME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 27,700 shares 27,700$4.23M1.84%newTimeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,300 shares; 2024Q4: 7,300 shares; 2025Q1: 7,300 shares 7,300$4M1.74%0Timeline
GRNDGRINDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 219,763 shares 219,763$3.93M1.71%newTimeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 96,200 shares 96,200$3.85M1.68%newTimeline
STATE STR SPDR S&P 500 ETF TSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 2,000 shares; 2025Q1: 5,050 shares 5,050$3.73M1.62%+3,050
STNSTANTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 44,579 shares 44,579$3.7M1.61%newTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,010 shares; 2024Q4: not reported; 2025Q1: 23,000 shares 23,000$3.59M1.56%newTimeline
MYRGMYR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,979 shares; 2024Q4: 37,994 shares; 2025Q1: 24,515 shares 24,515$2.77M1.21%-13,479Timeline
DSGXDESCARTES SYS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 22,200 shares 22,200$2.24M0.97%newTimeline
PANWPALO ALTO NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 10,100 shares 10,100$1.72M0.75%newTimeline
PTONPELOTON INTERACTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 149,300 shares 149,300$944K0.41%newTimeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 167,600 shares; 2024Q4: 223,200 shares; 2025Q1: 33,924 shares 33,924$907K0.39%-189,276Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 29,950 shares 29,950$632K0.28%newTimeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IJHISHARES TR389,200$24.2Mshares
AVGOBROADCOM INC59,363$13.8Mshares
MRVLMARVELL TECHNOLOGY INC117,921$13Mshares
AAPLAPPLE INC36,200$9.06Mshares
CBOECBOE GLOBAL MKTS INC43,303$8.46Mshares
TDTORONTO DOMINION BK ONT127,100$6.76Mshares
HOSHORNBECK OFFSHORE SERVICES I597,100$5.56Mshares
CHKPCHECK POINT SOFTWARE TECH LT29,004$5.42Mshares
BLDTOPBUILD COR10,587$3.29Mshares
DDOGDATADOG INC22,200$3.17Mshares
NTRNUTRIEN LTD62,000$2.77Mshares
TTDTHE TRADE DESK INC21,000$2.47Mshares
GTLBGITLAB INC43,600$2.46Mshares
ORCLORACLE CORP12,600$2.1Mshares
LADLITHIA MTRS INC5,320$1.9Mshares
CGNXCOGNEX CORP43,700$1.57Mshares
SSENTINELONE INC56,400$1.25Mshares
PATKPATRICK INDS INC7,600$632Kshares
INVESCO QQQ TRINVESCO QQQ TR800$540Kshares
IESCIES HOLDINGS INC2,253$453Kshares
BCE INCBCE INC6,550$369Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001214659-25-007224 base2025-05-09acceptance time not in the bulk data set