# Waratah Capital Advisors Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1539919. Source: https://holderbook.com/funds/1539919-waratah-capital-advisors-ltd/

- Reported value: $2.9B
- Positions: 124
- Weight of the ten largest: 54.7%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $514.1M | 0 | 17.5% | 22 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $309.4M | 0 | 10.5% | 2 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $240.5M | 0 | 8.2% | 10 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $163.6M | 0 | 5.6% | 2 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $100.2M | 1,447,678 | 3.4% | 3 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $83.0M | 0 | 2.8% | 2 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $56.5M | 0 | 1.9% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $49.1M | 13,292 | 1.7% | 2 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $47.3M | 70,874 | 1.6% | 23 |
| FEDERAL SIGNAL CORP | [FSS](https://holderbook.com/stocks/FSS/) | $46.3M | 360,200 | 1.6% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $42.4M | 107,937 | 1.4% | 1 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $38.7M | 1,274,296 | 1.3% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $38.6M | 77,197 | 1.3% | 1 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $34.9M | 103,121 | 1.2% | 4 |
| STANTEC INC | [STN](https://holderbook.com/stocks/STN/) | $30.4M | 441,245 | 1.0% | 7 |
| SENSIENT TECHNOLOGIES CORP | [SXT](https://holderbook.com/stocks/SXT/) | $29.7M | 241,237 | 1.0% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $29.7M | 103,208 | 1.0% | 5 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $29.3M | 616,779 | 1.0% | 2 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $27.6M | 1,110,707 | 0.9% | 2 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $26.6M | 109,913 | 0.9% | 3 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $26.5M | 779,976 | 0.9% | 2 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $25.7M | 0 | 0.9% | 1 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $25.1M | 110,586 | 0.9% | 5 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $24.7M | 203,254 | 0.8% | 6 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $23.1M | 40,094 | 0.8% | 17 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $22.4M | 50,303 | 0.8% | 2 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $22.0M | 0 | 0.7% | 1 |
| SKEENA RES LTD NEW | [SKE](https://holderbook.com/stocks/SKE/) | $21.9M | 820,459 | 0.7% | 5 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $21.8M | 120,423 | 0.7% | 11 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $21.5M | 90,018 | 0.7% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $21.3M | 29,599 | 0.7% | 6 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $21.1M | 370,785 | 0.7% | 1 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $20.0M | 75,084 | 0.7% | 2 |
| CRANE COMPANY | [CR](https://holderbook.com/stocks/CR/) | $20.0M | 89,767 | 0.7% | 4 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $19.7M | 0 | 0.7% | 1 |
| C H ROBINSON WORLDWIDE IN | [CHRW](https://holderbook.com/stocks/CHRW/) | $19.3M | 102,215 | 0.7% | 1 |
| SPX TECHNOLOGIES INC | [SPXC](https://holderbook.com/stocks/SPXC/) | $19.2M | 78,488 | 0.7% | 4 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $17.9M | 90,425 | 0.6% | 3 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $17.0M | 315,916 | 0.6% | 2 |
| TRANSALTA CORP | [TAC](https://holderbook.com/stocks/TAC/) | $16.6M | 0 | 0.6% | 2 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $16.4M | 79,399 | 0.6% | 14 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $16.3M | 19,370 | 0.6% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $16.2M | 43,433 | 0.6% | 1 |
| ISHARES TR | [ITB](https://holderbook.com/stocks/ITB/) | $15.7M | 0 | 0.5% | 1 |
| IMPERIAL OIL LTD | [IMO](https://holderbook.com/stocks/IMO/) | $15.5M | 138,623 | 0.5% | 1 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $15.2M | 157,783 | 0.5% | 1 |
| TFI INTERNATIONAL INC | [TFII](https://holderbook.com/stocks/TFII/) | $14.8M | 103,433 | 0.5% | 1 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $14.6M | 61,469 | 0.5% | 7 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $14.6M | 539,646 | 0.5% | 9 |
| CENTERRA GOLD INC | [CGAU](https://holderbook.com/stocks/CGAU/) | $14.3M | 752,615 | 0.5% | 6 |
| NEXGEN ENERGY LTD | [NXE](https://holderbook.com/stocks/NXE/) | $14.2M | 1,464,523 | 0.5% | 23 |
| PROPETRO HLDG CORP | [PUMP](https://holderbook.com/stocks/PUMP/) | $13.8M | 963,358 | 0.5% | 1 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $13.5M | 45,179 | 0.5% | 29 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $13.5M | 388,000 | 0.5% | 2 |
| IAMGOLD CORP | [IAG](https://holderbook.com/stocks/IAG/) | $13.5M | 849,801 | 0.5% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $13.4M | 4,504 | 0.5% | 1 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $13.2M | 134,023 | 0.4% | 1 |
| CAE INC | [CAE](https://holderbook.com/stocks/CAE/) | $11.9M | 476,531 | 0.4% | 3 |
| FLOOR & DECOR HLDGS INC | [FND](https://holderbook.com/stocks/FND/) | $11.3M | 190,568 | 0.4% | 5 |
| AMER SPORTS INC | [AS](https://holderbook.com/stocks/AS/) | $11.3M | 334,093 | 0.4% | 2 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $10.8M | 14,316 | 0.4% | 4 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $10.7M | 30,070 | 0.4% | 1 |
| SPROTT INC | [SII](https://holderbook.com/stocks/SII/) | $10.3M | 92,015 | 0.4% | 22 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $10.3M | 14,970 | 0.3% | 1 |
| LOUISIANA PAC CORP | [LPX](https://holderbook.com/stocks/LPX/) | $10.3M | 130,743 | 0.3% | 1 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $10.2M | 5,136 | 0.3% | 6 |
| ATS CORPORATION | [ATS](https://holderbook.com/stocks/ATS/) | $9.6M | 334,923 | 0.3% | 2 |
| KILROY REALTY CORP | [KRC](https://holderbook.com/stocks/KRC/) | $9.4M | 0 | 0.3% | 1 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $8.4M | 130,438 | 0.3% | 1 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $8.3M | 60,944 | 0.3% | 17 |
| EVERCORE INC | [EVR](https://holderbook.com/stocks/EVR/) | $8.0M | 23,408 | 0.3% | 6 |
| OVINTIV INC | [OVV](https://holderbook.com/stocks/OVV/) | $7.8M | 148,671 | 0.3% | 2 |
| SHARKNINJA INC | [SN](https://holderbook.com/stocks/SN/) | $7.8M | 51,247 | 0.3% | 7 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $7.8M | 0 | 0.3% | 13 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $7.5M | 35,858 | 0.3% | 28 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $7.4M | 44,122 | 0.3% | 1 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $7.3M | 0 | 0.2% | 1 |
| THOMSON REUTERS CORP | [TRI](https://holderbook.com/stocks/TRI/) | $7.0M | 85,099 | 0.2% | 1 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $6.6M | 12,474 | 0.2% | 6 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $6.3M | 26,443 | 0.2% | 1 |
| INVESCO DB MULTI-SECTOR COMM | [DBB](https://holderbook.com/stocks/DBB/) | $6.0M | 0 | 0.2% | 1 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $6.0M | 81,468 | 0.2% | 1 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $6.0M | 20,203 | 0.2% | 1 |
| WESTERN COPPER & GOLD CORP | [WRN](https://holderbook.com/stocks/WRN/) | $5.8M | 2,588,763 | 0.2% | 2 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $5.3M | 115,000 | 0.2% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $5.3M | 24,367 | 0.2% | 1 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $5.3M | 100,057 | 0.2% | 3 |
| ELASTIC N V | [ESTC](https://holderbook.com/stocks/ESTC/) | $5.2M | 92,053 | 0.2% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $5.2M | 257 | 0.2% | 4 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $5.0M | 77,951 | 0.2% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $4.9M | 47,853 | 0.2% | 1 |
| SIRIUSXM HOLDINGS INC | [SIRI](https://holderbook.com/stocks/SIRI/) | $4.8M | 160,836 | 0.2% | 1 |
| SIGMA LITHIUM CORPORATION | [SGML](https://holderbook.com/stocks/SGML/) | $4.7M | 367,775 | 0.2% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.6M | 0 | 0.2% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.7M | 45,765 | 0.1% | 1 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $3.5M | 78,962 | 0.1% | 1 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $3.4M | 0 | 0.1% | 1 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $3.1M | 95,000 | 0.1% | 1 |
| ATLAS LITHIUM CORP | [ATLX](https://holderbook.com/stocks/ATLX/) | $2.8M | 749,217 | 0.1% | 13 |
| LIONSGATE STUDIOS CORP | [LION](https://holderbook.com/stocks/LION/) | $2.7M | 178,624 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.2% | +14.8% | -12.7% | 96% |
| Q1 2026 | +3.5% | -4.6% | +8.1% | 88% |
| Q4 2025 | +5.3% | +2.4% | +2.9% | 85% |
| Q3 2025 | +9.2% | +7.8% | +1.4% | 98% |
| Q2 2025 | +10.3% | +10.5% | -0.2% | 89% |
| Q1 2025 | -0.4% | -4.6% | +4.2% | 93% |
| Q4 2024 | -2.5% | +2.1% | -4.6% | 88% |
| Q3 2024 | +4.3% | +5.4% | -1.1% | 89% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.9B | 124 |
| Q1 2026 | $2.6B | 117 |
| Q4 2025 | $3.0B | 136 |
| Q3 2025 | $5.7B | 158 |
| Q2 2025 | $3.8B | 146 |
| Q1 2025 | $3.7B | 154 |
| Q4 2024 | $3.0B | 134 |
| Q3 2024 | $5.1B | 122 |
| Q2 2024 | $2.7B | 101 |
| Q1 2024 | $3.3B | 138 |
| Q4 2023 | $5.0B | 142 |
| Q3 2023 | $7.0B | 141 |