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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 $217,911,620 across 38 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 59.15% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-25-016242

Period
2025-09-30
Reported value
$218M
Holdings
38
Top 10 weight
59.15%
New
21
Sold out
19

Part of the filer group CI INVESTMENTS INC.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CWSTnew+161,722$15.4M
HPEnew+536,100$13.2M
DOOnew+134,747$8.19M
BTGnew+1,652,400$8.17M
SKEnew+400,000$7.37M

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
CPreduced-316,500-$23.6M
JPMexited-51,350-$14.9M
CNIexited-131,900-$13.7M
GILreduced-204,800-$11.8M
NVDAreduced-57,100-$10.7M

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, Q3 2025

Share positions as resolved from 13F-HR 0001214659-25-016242, largest first. % of portfolio is the value over $217,911,620, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GFLGFL ENVIRONMENTAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,775 shares; 2024Q4: 67,775 shares; 2025Q1: 372,000 shares; 2025Q2: 291,200 shares; 2025Q3: 416,100 shares 416,100$19.7M9.05%+124,900Timeline
BKLNINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,854,100 shares; 2024Q4: 1,854,100 shares; 2025Q1: 963,300 shares; 2025Q2: 963,300 shares; 2025Q3: 939,600 shares 939,600$19.7M9.02%-23,700Timeline
CWSTCASELLA WASTE SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 161,722 shares 161,722$15.4M7.05%newTimeline
GILGILDAN ACTIVEWEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,400 shares; 2024Q4: 46,600 shares; 2025Q1: 379,200 shares; 2025Q2: 458,300 shares; 2025Q3: 253,500 shares 253,500$14.6M6.72%-204,800Timeline
HPEHEWLETT PACKARD ENTERPRISE CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 536,100 shares 536,100$13.2M6.04%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,470 shares; 2024Q4: 76,370 shares; 2025Q1: 73,370 shares; 2025Q2: 69,270 shares; 2025Q3: 44,170 shares 44,170$12.3M5.66%-25,100Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,000 shares; 2024Q4: 39,500 shares; 2025Q1: 40,650 shares; 2025Q2: 34,050 shares; 2025Q3: 41,650 shares 41,650$9.14M4.2%+7,600Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWARQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 33,076 shares; 2025Q2: 33,076 shares; 2025Q3: 33,076 shares 33,076$8.55M3.92%0Timeline
DOOBRP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 134,747 shares 134,747$8.19M3.76%newTimeline
BTGB2GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,652,400 shares 1,652,400$8.17M3.75%newTimeline
SKESKEENA RES LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 400,000 shares 400,000$7.37M3.38%newTimeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,000 shares 100,000$6.86M3.15%newTimeline
ITRIITRON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,655 shares; 2025Q3: 53,625 shares 53,625$6.68M3.07%+32,970Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,700 shares; 2024Q4: 21,070 shares; 2025Q1: 15,523 shares; 2025Q2: 3,900 shares; 2025Q3: 8,786 shares 8,786$6.45M2.96%+4,886Timeline
CAECAE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 191,700 shares 191,700$5.67M2.6%newTimeline
STNSTANTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 44,579 shares; 2025Q2: 86,579 shares; 2025Q3: 49,679 shares 49,679$5.36M2.46%-36,900Timeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 167,600 shares; 2024Q4: 223,200 shares; 2025Q1: 33,924 shares; 2025Q2: 342,359 shares; 2025Q3: 153,300 shares 153,300$5.34M2.45%-189,059Timeline
BLDTOPBUILD CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,970 shares; 2024Q4: 10,587 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 13,431 shares 13,431$5.25M2.41%newTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,410 shares; 2024Q4: 7,710 shares; 2025Q1: 82,370 shares; 2025Q2: 82,370 shares; 2025Q3: 25,270 shares 25,270$4.71M2.16%-57,100Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 58,000 shares; 2025Q3: 47,400 shares 47,400$4.57M2.1%-10,600Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 208,300 shares; 2024Q4: 271,000 shares; 2025Q1: 315,911 shares; 2025Q2: 370,911 shares; 2025Q3: 54,411 shares 54,411$4.05M1.86%-316,500Timeline
CWANCLEARWATER ANALYTICS HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 215,400 shares 215,400$3.88M1.78%newTimeline
PANWPALO ALTO NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 10,100 shares; 2025Q2: 11,200 shares; 2025Q3: 16,500 shares 16,500$3.36M1.54%+5,300Timeline
IAUX/WSI-80 GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 7,000,000 shares 7,000,000$3.15M1.45%newTimeline
FIXCOMFORT SYS USA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,598 shares; 2025Q3: 3,545 shares 3,545$2.93M1.34%-5,053Timeline
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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 2,000 shares; 2025Q1: 5,050 shares; 2025Q2: 6,500 shares; 2025Q3: 3,200 shares 3,200$2.28M1.05%-3,300
GAUGALIANO GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,000,000 shares 1,000,000$2.18M1%newTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,010 shares; 2024Q4: not reported; 2025Q1: 23,000 shares; 2025Q2: 35,800 shares; 2025Q3: 6,565 shares 6,565$1.6M0.73%-29,235Timeline
PINSPINTEREST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 48,400 shares 48,400$1.56M0.71%newTimeline
ORLAORLA MNG LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,000 shares 100,000$1.08M0.5%newTimeline
POWLPOWELL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,061 shares 3,061$933K0.43%newTimeline
BROADCOM INCBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 750 shares 750$917K0.42%new
HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,000 shares 4,000$736K0.34%new
VANECK ETF TRUSTVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,000 shares 1,000$670K0.31%new
GILDAN ACTIVEWEAR INCGILDAN ACTIVEWEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,000 shares 2,000$571K0.26%new
INSTALLED BLDG PRODS INCINSTALLED BLDG PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 300 shares 300$353K0.16%new
BROOKFIELD CORPBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,500 shares 1,500$260K0.12%new
ALPHABET INCALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 500 shares 500$235K0.11%new

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
JPMJPMORGAN CHASE & CO51,350$14.9Mshares
CNICANADIAN NATL RY CO131,900$13.7Mshares
VZLAVIZSLA SILVER CORP3,300,000$9.68Mshares
BBUBROOKFIELD BUSINESS PARTNERS L357,465$9.33Mshares
MRVLMARVELL TECHNOLOGY INC103,800$8.03Mshares
XPOXPO INC48,100$6.08Mshares
CHKPCHECK POINT SOFTWARE TECH LT25,900$5.73Mshares
AMDADVANCED MICRO DEVICES INC38,000$5.39Mshares
IAUXI-80 GOLD CORP7,910,800$4.87Mshares
BACBANK OF AMER CORP103,000$4.87Mshares
GRNDGRINDR INC152,799$3.47Mshares
MSFTMICROSOFT CORP6,540$3.25Mshares
BIPBROOKFIELD INFRASTRUCTURE PA80,398$2.69Mshares
SITMSITIME CORP11,670$2.49Mshares
OROR ROYALTIES INC.92,900$2.38Mshares
ISHARES TRISHARES TR8,000$1.82Mshares
MYRGMYR GROUP INC5,815$1.06Mshares
CLSCELESTICA INC5,906$921Kshares
META PLATFORMS INCMETA PLATFORMS INC400$502Kshares

How Q3 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 0001214659-25-016242 base2025-11-12acceptance time not in the bulk data set