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LM Asset Management Inc.

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13F filer, CIK 2057190, VANCOUVER, British Columbia, Canada

LM Asset Management Inc. reported $192,308,567 across 10 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-11.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000935836-26-000236

Period
2026-03-31
Reported value
$192M
Holdings
10
Top 10 weight
100%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LUMNadded+1,220,000$8.48M
GPKnew+360,000$3.58M
GTEadded+354,000$3.18M
BDNadded+1,060,000$2.87M
GTadded+360,000$2.39M

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
VETreduced-615,000-$8.46M
PSLVexited-210,000-$4.97M
ARISexited-255,000-$4.14M

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 2026

Share positions as resolved from 13F-HR 0000935836-26-000236, largest first. % of portfolio is the value over $165,829,067, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VETVERMILION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 2,000,000 shares; 2025Q1: 2,440,000 shares; 2025Q2: 2,790,000 shares; 2025Q3: 2,942,000 shares; 2025Q4: 3,772,600 shares; 2026Q1: 3,157,600 shares 3,157,600$43.4M26.19%-615,000Timeline
GTEGRAN TIERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,096,589 shares; 2025Q1: 1,716,600 shares; 2025Q2: 1,945,800 shares; 2025Q3: 2,791,800 shares; 2025Q4: 3,691,420 shares; 2026Q1: 4,045,420 shares 4,045,420$36.3M21.88%+354,000Timeline
LUMNLUMEN TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 8,807,000 shares; 2025Q1: 9,803,900 shares; 2025Q2: 10,367,000 shares; 2025Q3: 10,187,000 shares; 2025Q4: 3,737,000 shares; 2026Q1: 4,957,000 shares 4,957,000$34.5M20.78%+1,220,000Timeline
TSATTELESAT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 809,200 shares; 2025Q1: 531,450 shares; 2025Q2: 466,450 shares; 2025Q3: 452,450 shares; 2025Q4: 329,450 shares; 2026Q1: 382,650 shares 382,650$13.8M8.32%+53,200Timeline
GTGOODYEAR TIRE & RUBR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 510,000 shares; 2025Q4: 1,680,000 shares; 2026Q1: 2,040,000 shares 2,040,000$13.5M8.16%+360,000Timeline
BDNBRANDYWINE RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,680,000 shares; 2026Q1: 3,740,000 shares 3,740,000$10.1M6.11%+1,060,000Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 910,000 shares; 2025Q2: 890,000 shares; 2025Q3: 1,150,000 shares; 2025Q4: 1,470,000 shares; 2026Q1: 1,765,000 shares 1,765,000$7.29M4.4%+295,000Timeline
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 360,000 shares 360,000$3.58M2.16%newTimeline
CMTGCLAROS MTG TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 534,000 shares; 2026Q1: 1,400,000 shares 1,400,000$3.33M2.01%+866,000Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
LUMNLUMEN TECHNOLOGIES INC COMcall3,810,000$26.5M+3,781,000

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
PSLVSPROTT ASSET MANAGEMENT LP210,000$4.97Mshares
ARISARIS MINING CORPORATION255,000$4.14Mshares

How Q1 2026 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 0000935836-26-000236 base2026-05-11acceptance time not in the bulk data set