Filed: 2/13/2026ACC: 0000935836-26-000089
📋 What this filing means
LM ASSET MANAGEMENT INC. filed this quarterly 13F‑HR report disclosing 10 equity positions with a total reported market value of $126.41M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
10
Positions
$126.41M
Total AUM (reported)
18.39M
Total Shares
Allocation by class
COM$86.82M68.7%
ORD SHS$15.65M12.4%
CL A & CL B SHS$9.52M7.5%
SH BEN INT NEW$7.83M6.2%
PHYSICAL SILVER$4.97M3.9%
COMMON STOCK$1.63M1.3%
Portfolio Concentration
Top 3$77.58M61.4%
4–10$48.83M38.6%
Top 3 weight
61.4%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 18.39M
Sole
Full voting authority
18.39M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole10
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings10
Rows:
VERMILION ENERGY INC
SOLEShares3.77M
TypeSH
Market value$31.43M
24.87%
Sole
3.77M
Shared
0.00
None
0.00
LUMEN TECHNOLOGIES INC
SOLEShares3.77M
TypeSH
Market value$30.50M
24.13%
Sole
3.77M
Shared
0.00
None
0.00
GRAN TIERRA ENERGY INC
SOLEShares3.69M
TypeSH
Market value$15.65M
12.38%
Sole
3.69M
Shared
0.00
None
0.00
GOODYEAR TIRE & RUBR CO
SOLEShares1.68M
TypeSH
Market value$14.72M
11.64%
Sole
1.68M
Shared
0.00
None
0.00
TELESAT CORP
SOLEShares329.45K
TypeSH
Market value$9.52M
7.53%
Sole
329.45K
Shared
0.00
None
0.00
BRANDYWINE RLTY TR
SOLEShares2.68M
TypeSH
Market value$7.83M
6.19%
Sole
2.68M
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares1.47M
TypeSH
Market value$6.03M
4.77%
Sole
1.47M
Shared
0.00
None
0.00
SPROTT ASSET MANAGEMENT LP
SOLEShares210K
TypeSH
Market value$4.97M
3.93%
Sole
210K
Shared
0.00
None
0.00
ARIS MNG CORP
SOLEShares255K
TypeSH
Market value$4.14M
3.28%
Sole
255K
Shared
0.00
None
0.00
CLAROS MTG TR INC
SOLEShares534K
TypeSH
Market value$1.63M
1.29%
Sole
534K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VERMILION ENERGY INCSOLE | COM | 3.77M | SH | $31.43M 24.87% | 3.77M | 0.00 | 0.00 |
LUMEN TECHNOLOGIES INCSOLE | COM | 3.77M | SH | $30.50M 24.13% | 3.77M | 0.00 | 0.00 |
GRAN TIERRA ENERGY INCSOLE | ORD SHS | 3.69M | SH | $15.65M 12.38% | 3.69M | 0.00 | 0.00 |
GOODYEAR TIRE & RUBR COSOLE | COM | 1.68M | SH | $14.72M 11.64% | 1.68M | 0.00 | 0.00 |
TELESAT CORPSOLE | CL A & CL B SHS | 329.45K | SH | $9.52M 7.53% | 329.45K | 0.00 | 0.00 |
BRANDYWINE RLTY TRSOLE | SH BEN INT NEW | 2.68M | SH | $7.83M 6.19% | 2.68M | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 1.47M | SH | $6.03M 4.77% | 1.47M | 0.00 | 0.00 |
SPROTT ASSET MANAGEMENT LPSOLE | PHYSICAL SILVER | 210K | SH | $4.97M 3.93% | 210K | 0.00 | 0.00 |
ARIS MNG CORPSOLE | COM | 255K | SH | $4.14M 3.28% | 255K | 0.00 | 0.00 |
CLAROS MTG TR INCSOLE | COMMON STOCK | 534K | SH | $1.63M 1.29% | 534K | 0.00 | 0.00 |