LM Asset Management Inc.

VANCOUVER, A1 · CIK 2057190 · 13F filing filed 2026-08-11

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityLM ASSET MANAGEMENT INC. (CA)

Others nearbyVancouver

$144.5m reported value -12.9% vs Q1 2026

9positions

100.0%in top 10

0 new 4 added 5 reduced 0 sold out vs Q1 2026

Options: 1 call positions ($16.8m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VERMILION ENERGY INC COM VET	VET	3,691,000	$34.5m23.86%	23.86%	Added +533.4k	+533,400 16.9%
2	LUMEN TECHNOLOGIES INC COM LUMN	LUMN	4,202,000	$32.3m22.34%	22.34%	Reduced -755.0k	-755,000 -15.2%
3	GRAN TIERRA ENERGY INC COM GTE	GTE	4,365,420	$27.3m18.88%	18.88%	Added +320.0k	+320,000 7.9%
4	TELESAT CORP CL A & CL B SHS TSAT	TSAT	266,350	$13.5m9.33%	9.33%	Reduced -116.3k	-116,300 -30.4%
5	BRANDYWINE RLTY TR SH BEN INT NEW BDN	BDN	3,369,000	$10.7m7.39%	7.39%	Reduced -371.0k	-371,000 -9.9%
6	GOODYEAR TIRE & RUBR CO COM GT	GT	1,450,000	$9.6m6.62%	6.62%	Reduced -590.0k	-590,000 -28.9%
7	GRAPHIC PACKAGING HLDG CO COM GPK	GPK	783,000	$8.3m5.73%	5.73%	Added +423.0k	+423,000 117.5%
8	CLAROS MTG TR INC COMMON STOCK CMTG	CMTG	1,846,000	$4.3m3.00%	3.00%	Added +446.0k	+446,000 31.9%
9	ALGOMA STL GROUP INC COM ASTL	ASTL	1,016,000	$4.1m2.85%	2.85%	Reduced -749.0k	-749,000 -42.4%

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
LUMEN TECHNOLOGIES INC LUMN · Call	LUMN	Call	2,190,000	$16.8m2.2m shares	Reduced

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-08-04	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	34,000	$233.9k34.0k shares	+1%
2026-08-03	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	24,000	$165.4k24.0k shares	+1%
2026-06-25	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	32,000	$193.3k32.0k shares	+1%
2026-06-09	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	51,000	$368.2k51.0k shares	+1%
2026-06-05	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	35,000	$266.7k35.0k shares	+1%
2026-05-26	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	41,000	$335.4k41.0k shares	+1%
2026-05-22	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	34,000	$288.3k34.0k shares	+1%
2026-05-11	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	12,000	$106.6k12.0k shares	+<1%
2026-05-07	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	18,000	$149.4k18.0k shares	+<1%
2026-05-05	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	45,000	$418.5k45.0k shares	+1%
2026-05-01	GRAN TIERRA ENERGY INC 10% owner · See Note	GTE	Bought	52,000	$473.2k52.0k shares	+1%