Pason Systems Inc.
US ˙ OTCPK ˙ CA7029251088

SecurityPSYTF / Pason Systems Inc.
InstitutionSprott Focus Trust Inc.
Latest Disclosed Ownership1,200,000 shares
Latest Disclosed Value $ 10,821,369
Sprott Focus Trust Inc. reports 7.14% increase in ownership of PSYTF / Pason Systems Inc.

On August 27, 2025 - Sprott Focus Trust Inc. filed a NPORT-P form disclosing ownership of 1,200,000 shares of Pason Systems Inc. (US:PSYTF) valued at $10,821,369 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 27, 2025 disclosing 1,120,000 shares of Pason Systems Inc.. This represents a change in shares of 7.14% during the quarter. The current value of the position is $15,048,000 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-27 2025-06-30 NP Pason Systems EC CA7029251088 1,200,000 80,000 7.14 10,821 5.74 4.3468
2025-05-27 2025-03-31 NP Pason Systems EC CA7029251088 1,120,000 40,000 3.70 10,235 0.09 4.1174
2025-02-24 2024-12-31 NP Pason Systems EC CA7029251088 1,080,000 0 0.00 10,226 -3.94 4.0743
2024-11-26 2024-09-30 NP Pason Systems EC CA7029251088 1,080,000 120,000 12.50 10,645 -17.69 3.9881
2024-08-21 2024-06-30 NP Pason Systems EC CA7029251088 960,000 -120,000 -11.11 12,933 3.71 5.0717
2024-05-29 2024-03-31 NP Pason Systems EC CA7029251088 1,080,000 0 0.00 12,470 -5.39 4.6454
2024-02-26 2023-12-31 NP Pason Systems EC CA7029251088 1,080,000 -80,000 -6.90 13,180 14.48 4.9555
2023-11-21 2023-09-30 NP Pason Systems EC CA7029251088 1,160,000 -40,000 -3.33 11,512 10.61 4.6862
2023-08-25 2023-06-30 NP Pason Systems EC CA7029251088 1,200,000 20,000 1.69 10,408 -1.72 4.1194
2023-05-30 2023-03-31 NP Pason Systems EC CA7029251088 1,180,000 200,000 20.41 10,591 -8.21 4.1162
2023-02-28 2022-12-31 NP Pason Systems EC CA7029251088 980,000 0 0.00 11,537 23.02 4.5387
2022-11-28 2022-09-30 NP Pason Systems EC CA7029251088 980,000 0 0.00 9,379 -15.57 4.2549
2022-08-17 2022-06-30 NP Pason Systems EC CA7029251088 980,000 -160,000 -14.04 11,108 -20.44 4.7244
2022-05-25 2022-03-31 NP Pason Systems EC CA7029251088 1,140,000 -340,000 -22.97 13,961 3.41 4.8859
2022-02-25 2021-12-31 NP Pason Systems EC CA7029251088 1,480,000 -220,000 -12.94 13,502 16.70 5.0236
2021-11-29 2021-09-30 NP Pason Systems EC CA7029251088 1,700,000 80,000 4.94 11,570 -0.87 4.4058
2021-08-25 2021-06-30 NP Pason Systems EC CA7029251088 1,620,000 0 0.00 11,670 1.95 4.2357
2021-05-28 2021-03-31 NP Pason Systems EC CA7029251088 1,620,000 -100,000 -5.81 11,447 7.51 4.3682
2021-02-22 2020-12-31 NP Pason Systems EC CA7029251088 1,720,000 60,000 3.61 10,648 61.46 4.3831
2020-11-20 2020-09-30 NP Pason Systems EC CA7029251088 1,660,000 410,000 32.80 6,595 -3.47 3.1566
2020-08-06 2020-06-30 NP Pason Systems EC CA7029251088 1,250,000 50,000 4.17 6,832 28.19 3.3764
2020-05-29 2020-03-31 NP Pason Systems EC CA7029251088 1,200,000 1,200,000 5,329 3.2072
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.