# EDGAR Filing Document

**Accession Number:** 0001977794
**File Stem:** 0001977794-26-000005
**Filing Date:** 2026-5
**Character Count:** 9958
**Document Hash:** ff5e4b328881195ff73a81f18c9f2cf2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001977794-26-000005.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001977794-26-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**EFFECTIVENESS DATE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bastion Asset Management Inc.
- **CENTRAL INDEX KEY:** 0001977794

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25205
- **FILM NUMBER:** 26943046

**BUSINESS ADDRESS:**
- **STREET 1:** 1470 PEEL STREET
- **STREET 2:** SUITE 480
- **CITY:** MONTREAL
- **STATE:** Z4
- **ZIP:** H3A 1T1
- **BUSINESS PHONE:** (514) 316-0231

**MAIL ADDRESS:**
- **STREET 1:** 1470 PEEL STREET
- **STREET 2:** SUITE 480
- **CITY:** MONTREAL
- **STATE:** Z4
- **ZIP:** H3A 1T1

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Bastion Asset Management Inc.<br>**Address:** 1470 Peel Street<br>Suite 480<br>Montreal, Z4 H3A 1T1

**Form 13F File Number:** 028-25205

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mathieu Boisvert<br>**Title:** Chief Executive Officer<br>**Phone:** 02125738148

**Signature, Place, and Date of Signing:**

Mathieu Boisvert  Montreal, A8  5-5-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 65

**Form 13F Information Table Value Total:** $327959622

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADAPTHEALTH CORP | COMMON STOCK | 00653Q102 |  | 6156962 | 555764 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| AFFILIATED MANAGERS GROUP | COM | 008252108 |  | 1702992 | 6101 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| ANGIODYNAMICS INC | COM | 03475V101 |  | 14106715 | 1313002 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| BANDWIDTH INC | COM CL A | 05988J103 |  | 6592361 | 393263 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| BRAZIL POTASH CORP | COMMON SHARES | 10586A108 |  | 2267826 | 891033 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 777253 | 21471 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 3144887 | 102941 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| CARDINAL INFRASTRUCTURE GROU | CL A | 14154A102 |  | 4015679 | 109080 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| CERTARA INC | COM | 15687V109 |  | 1137210 | 191105 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 2733018 | 29073 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1620796 | 27213 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| COGNYTE SOFTWARE LTD | ORD SHS | M25133105 |  | 1614834 | 197238 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 5421976 | 76187 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 3769687 | 20116 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 2722160 | 39438 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| FERROGLOBE PLC | SHS | G33856108 |  | 4154546 | 909547 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| FLAGSTAR BANK NATIONAL ASSOC | COM NEW | 649445400 |  | 1846015 | 139902 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 6667261 | 272892 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| GENTHERM INC | COM | 37253A103 |  | 6213191 | 210206 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 16978415 | 158009 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 2733594 | 406847 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| GRID DYNAMICS HLDGS INC | CL A | 39813G109 |  | 6899417 | 1134450 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| GROCERY OUTLET HLDG CORP | COM | 39874R101 |  | 525156 | 74596 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GRP I | COM | 42330P107 |  | 8581310 | 893824 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 6338591 | 351333 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| ICF INTL INC | COM | 44925C103 |  | 9709621 | 133781 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1156221 | 25768 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 8720654 | 238971 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| JBT MAREL CORPORATION | COM | 477839104 |  | 8560873 | 67067 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| KLARNA GROUP PLC | SHS | G5279N105 |  | 5318067 | 391024 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| LEGALZOOM COM INC | COM | 52466B103 |  | 1239084 | 192838 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| LOVESAC COMPANY | COM | 54738L109 |  | 5290204 | 356097 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| MARCUS CORP DEL | COM | 566330106 |  | 3946473 | 243132 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| MDA SPACE LTD | COM | 55293N109 |  | 1732883 | 68527 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| METALLUS INC | COM | 887399103 |  | 1449965 | 83391 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 6212418 | 169054 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 7290251 | 389158 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| MONRO INC | COM | 610236101 |  | 4846222 | 306200 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| NATURAL RESOURCE PARTNERS LP | COM UNIT LTD PAR | 63900P608 |  | 2363122 | 19330 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| NORTH AMERN CONSTR GROUP LTD | COM | 656811106 |  | 6420688 | 401076 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| OMNICELL COM | COM | 68213N109 |  | 4638337 | 131647 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| OUSTER INC | COM NEW | 68989M202 |  | 5270631 | 274101 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1091173 | 24230 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 7019818 | 1655100 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| PHOENIX ED PARTNERS INC | COM | 718968100 |  | 2084597 | 67817 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| POWERFLEET INC | COM | 73931J109 |  | 7049551 | 1943380 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| PROTO LABS INC | COM | 743713109 |  | 1604956 | 28270 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| PVH CORPORATION | COM | 693656100 |  | 1086995 | 15780 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| QUAKER HOUGHTON | COM | 747316107 |  | 5560099 | 44266 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 11105705 | 59369 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 8347809 | 232921 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1643403 | 15901 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 2663480 | 5508 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| STRATEGIC ED INC | COM | 86272C103 |  | 2332493 | 28627 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 5877781 | 67686 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 1605853 | 18306 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 3480832 | 38658 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| TRANSFORCE INC | COM | 87241L109 |  | 5356985 | 49672 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 6102938 | 55463 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| UNDER ARMOUR INC | CL C | 904311206 |  | 1604537 | 278045 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| V2X INC | COM | 92242T101 |  | 8370866 | 122261 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 20956852 | 1588476 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| VISHAY PRECISION GROUP INC | COM | 92835K103 |  | 9813077 | 224196 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| VIZSLA SILVER CORP | COM NEW | 92859G608 |  | 8657757 | 2542937 | SH |  | SOLE | N/A | 0 | 0 | 0 |
| ZETA GLOBAL HOLDINGS CORP | CL A | 98956A105 |  | 1654499 | 105603 | SH |  | SOLE | N/A | 0 | 0 | 0 |

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