# LM Asset Management Inc.: Form 13F holdings

An institutional investment manager in VANCOUVER. SEC CIK 2057190.

- Quarter ended: 2026-06-30
- Filed: 2026-08-11
- Reported value: $161.3m
- Positions: 10 (10 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/2057190/000093583626000383/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [VERMILION ENERGY INC (VET)](/companies/vet.md) | COM | $34.5m | 21.4% | 3,691,000 |  | Added +533,400 |
| [LUMEN TECHNOLOGIES INC (LUMN)](/companies/lumn.md) | COM | $32.3m | 20.0% | 4,202,000 |  | Reduced −755,000 |
| [GRAN TIERRA ENERGY INC (GTE)](/companies/gte.md) | COM | $27.3m | 16.9% | 4,365,420 |  | Added +320,000 |
| [LUMEN TECHNOLOGIES INC (LUMN)](/companies/lumn.md) | COM | $16.8m | 10.4% | 2,190,000 | Call | Reduced −1,620,000 |
| [TELESAT CORP (TSAT)](/companies/tsat.md) | CL A & CL B SHS | $13.5m | 8.4% | 266,350 |  | Reduced −116,300 |
| [BRANDYWINE RLTY TR (BDN)](/companies/bdn.md) | SH BEN INT NEW | $10.7m | 6.6% | 3,369,000 |  | Reduced −371,000 |
| [GOODYEAR TIRE & RUBR CO (GT)](/companies/gt.md) | COM | $9.6m | 5.9% | 1,450,000 |  | Reduced −590,000 |
| [GRAPHIC PACKAGING HLDG CO (GPK)](/companies/gpk.md) | COM | $8.3m | 5.1% | 783,000 |  | Added +423,000 |
| [CLAROS MTG TR INC (CMTG)](/companies/cmtg.md) | COMMON STOCK | $4.3m | 2.7% | 1,846,000 |  | Added +446,000 |
| [ALGOMA STL GROUP INC (ASTL)](/companies/astl.md) | COM | $4.1m | 2.6% | 1,016,000 |  | Reduced −749,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0000935836-26-000383. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.