Sprott Asset Management’s 13F Portfolio Posts 10.77% Gain in Q1

Nr. of Shares (as of December 31): 811,550

Value of Holding (as of December 31): $32.49 million

Canadian technology and software provider CGI Group Inc (NYSE:GIB) ended the first quarter 19.3% in the green, the largest advance among Eric Sprott’s top stock picks. The company reported strong results for the 2015 fourth quarter, having topped analysts’ estimates. Revenues came in at $2.01 billion, while adjusted earnings stood at $0.63 per share, while analysts had projected $1.86 billion in revenues and a profit of $0.59 per share. During the first quarter, CGI Group Inc (NYSE:GIB) reported several agreements and contracts with a number of parties, including the U.S. Navy and Swedish carmaker Volvo, to provide data management and support services. Although it’s not a very popular stock among top hedge funds, their interest towards CGI Group Inc (NYSE:GIB) picked up during the fourth quarter, with the number of long positions increasing to 14 from 11 positions reported three months earlier. Arrowstreet Capital decided it was a good time to buy CGI shares and have provided a 724% boost to its holding to 1.42 million shares. AQR Capital was also among those buying the stock, having increased his investment by 23% to 940,643 shares.

Nr. of Shares (as of December 31): 898,800

Value of Holding (as of December 31): $23.19 million

Suncor Energy Inc. (USA) (NYSE:SU) is another Canadian company Eric Sprott is betting on, having tripled his holding during the fourth quarter. The move has paid off, as the energy company ended the first quarter up by 8.7%. With oil prices having finally found a bottom, energy stocks have breathed a sigh of relief and geared up for a comeback. Being a leading oil producer allowed Suncor Energy Inc. (USA) (NYSE:SU) not only to survive the oil glut but also fight to increase its market share, as its CEO had vowed to increase oil production even if prices would have continued their slide. Not only that, but the company proceeded with the takeover of Canadian Oil Sands Limited for roughly $10.17 per share. Hedge fund sentiment towards Suncor Energy Inc. (USA) (NYSE:SU) has improved slightly over the fourth quarter, with the total number of long positions reported by top hedge funds having inched up to 29 or 3.7% of all the funds tracked by Insider Monkey. Legendary investor, Warren Buffett holds a sizable stake in the energy company, with Berkshire Hathaway having reported ownership of exactly 30 million shares in its latest 13F filing. Jean-Marie Eveillard is also bullish on the company, having stepped up his interest during the fourth quarter. At the end of December, his fund, First Eagle Investment Management, reportedly held 4.98 million shares of Suncor Energy.

Disclosure: none.