Waratah Capital Advisors Ltd.

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK

1539919

Reported value

$2.9B

Positions

124

Top 10 weight

54.7%

Filed

2026-08-11

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
INVESCO QQQ TR OPT	QQQ	$514.1M	options only	17.48%	+10.92pp	22q	OPTIONS
STATE STR SPDR S&P 500 ETF T OPT	SPY	$309.4M	options only	10.52%	+0.29pp	2q	OPTIONS
ISHARES TR OPT	HYG	$240.5M	options only	8.18%	-1.31pp	10q	OPTIONS
ISHARES TR OPT	LQD	$163.6M	options only	5.56%	+1.08pp	2q	OPTIONS
DESCARTES SYS GROUP INC	DSGX	$100.2M	1,447,678	3.41%	+0.17pp	3q	+21.7%+$17.9M
ISHARES TR OPT	TLT	$83.0M	options only	2.82%	-10.44pp	2q	OPTIONS
BANK MONTREAL MEDIUM OPT	BMO	$56.5M	options only	1.92%	-	new	OPTIONS
ASML HLDG NV OPT	ASML	$49.1M	13,292	1.67%	+1.60pp	2q	+900.2%+$44.2M
TELEDYNE TECHNOLOGIES INC	TDY	$47.3M	70,874	1.61%	+0.83pp	23q	+111.1%+$24.9M
FEDERAL SIGNAL CORP	FSS	$46.3M	360,200	1.57%	-	new	NEW
AMAZON COM INC OPT	AMZN	$42.4M	107,937	1.44%	-	new	NEW
ALAMOS GOLD INC	AGI	$38.7M	1,274,296	1.31%	-1.02pp	3q	-7.5%-$3.1M
BROADCOM INC OPT	AVGO	$38.6M	77,197	1.31%	-	new	NEW
NVENT ELEC PLC OPT	NVT	$34.9M	103,121	1.19%	+0.20pp	4q	-52.7%-$38.8M
STANTEC INC	STN	$30.4M	441,245	1.03%	+0.82pp	7q	+582.0%+$25.9M
SENSIENT TECHNOLOGIES CORP	SXT	$29.7M	241,237	1.01%	+0.51pp	6q	+60.0%+$11.2M
NVIDIA CORPORATION OPT	NVDA	$29.7M	103,208	1.01%	+0.71pp	5q	HELD
NISOURCE INC	NI	$29.3M	616,779	1.00%	+0.33pp	2q	+63.9%+$11.4M
CENOVUS ENERGY INC	CVE	$27.6M	1,110,707	0.94%	-0.21pp	2q	+3.6%+$956.9K
AMETEK INC	AME	$26.6M	109,913	0.90%	+0.27pp	3q	+42.4%+$7.9M
CHIPOTLE MEXICAN GRILL INC	CMG	$26.5M	779,976	0.90%	+0.72pp	2q	HELD
ISHARES TR OPT	MTUM	$25.7M	options only	0.87%	-	new	OPTIONS
WELLTOWER INC	WELL	$25.1M	110,586	0.85%	-0.30pp	5q	-27.7%-$9.6M
TORONTO DOMINION BK ONT	TD	$24.7M	203,254	0.84%	+0.08pp	6q	-4.3%-$1.1M
MARTIN MARIETTA MATLS INC	MLM	$23.1M	40,094	0.79%	-0.19pp	17q	-8.1%-$2.0M
TEXAS INSTRS INC OPT	TXN	$22.4M	50,303	0.76%	+0.64pp	2q	+206.4%+$15.1M
ISHARES TR OPT	SOXX	$22.0M	options only	0.75%	-	new	OPTIONS
SKEENA RES LTD NEW	SKE	$21.9M	820,459	0.74%	-0.53pp	5q	-27.2%-$8.2M
AGNICO EAGLE MINES LTD OPT	AEM	$21.8M	120,423	0.74%	-0.39pp	11q	-0.6%-$124.8K
CHENIERE ENERGY INC	LNG	$21.5M	90,018	0.73%	-0.02pp	2q	+29.9%+$4.9M
QUANTA SVCS INC	PWR	$21.3M	29,599	0.72%	+0.34pp	6q	+61.3%+$8.1M
ARAMARK	ARMK	$21.1M	370,785	0.72%	-	new	NEW
MODINE MFG CO	MOD	$20.0M	75,084	0.68%	+0.27pp	2q	+51.9%+$6.9M
CRANE COMPANY	CR	$20.0M	89,767	0.68%	-0.37pp	4q	-44.3%-$16.0M
MAGNA INTL INC OPT	MGA	$19.7M	options only	0.67%	-	new	OPTIONS
C H ROBINSON WORLDWIDE IN	CHRW	$19.3M	102,215	0.65%	-	new	NEW
SPX TECHNOLOGIES INC	SPXC	$19.2M	78,488	0.65%	-0.53pp	4q	-49.6%-$18.9M
CANADIAN NATL RY CO OPT	CNI	$17.9M	90,425	0.61%	-0.44pp	3q	-66.4%-$35.5M
SUNCOR ENERGY INC NEW	SU	$17.0M	315,916	0.58%	-0.69pp	2q	-37.2%-$10.0M
TRANSALTA CORP OPT	TAC	$16.6M	options only	0.56%	+0.39pp	2q	OPTIONS
ROYAL BK CDA	RY	$16.4M	79,399	0.56%	+0.05pp	14q	-4.5%-$775.1K
STERLING INFRASTRUCTURE INC	STRL	$16.3M	19,370	0.55%	-	new	NEW
MICROSOFT CORP	MSFT	$16.2M	43,433	0.55%	-	new	NEW
ISHARES TR OPT	ITB	$15.7M	options only	0.53%	-	new	OPTIONS
IMPERIAL OIL LTD	IMO	$15.5M	138,623	0.53%	-	new	NEW
MONSTER BEVERAGE CORP NEW	MNST	$15.2M	157,783	0.52%	-	new	NEW
TFI INTERNATIONAL INC	TFII	$14.8M	103,433	0.50%	-	new	NEW
REGAL REXNORD CORPORATION	RRX	$14.6M	61,469	0.50%	+0.10pp	7q	+11.5%+$1.5M
KINROSS GOLD CORP OPT	KGC	$14.6M	539,646	0.50%	-1.24pp	9q	-58.5%-$20.7M
CENTERRA GOLD INC OPT	CGAU	$14.3M	752,615	0.49%	-1.04pp	6q	-65.9%-$27.6M
NEXGEN ENERGY LTD OPT	NXE	$14.2M	1,464,523	0.48%	-0.29pp	23q	-13.5%-$2.2M
PROPETRO HLDG CORP	PUMP	$13.8M	963,358	0.47%	-	new	NEW
FIRSTSERVICE CORP NEW OPT	FSV	$13.5M	45,179	0.46%	+0.29pp	29q	+38.3%+$3.7M
BROOKFIELD RENEWABLE ENERGY	BEP	$13.5M	388,000	0.46%	-0.15pp	2q	-20.5%-$3.5M
IAMGOLD CORP	IAG	$13.5M	849,801	0.46%	-0.93pp	5q	-56.2%-$17.3M
SERVICENOW INC OPT	NOW	$13.4M	4,504	0.45%	-	new	NEW
PAYCHEX INC	PAYX	$13.2M	134,023	0.45%	-	new	NEW
CAE INC	CAE	$11.9M	476,531	0.41%	-0.48pp	3q	-46.4%-$10.3M
FLOOR & DECOR HLDGS INC	FND	$11.3M	190,568	0.38%	+0.37pp	5q	+1892.3%+$10.7M
AMER SPORTS INC	AS	$11.3M	334,093	0.38%	-0.01pp	2q	+6.9%+$730.3K
CURTISS WRIGHT CORP	CW	$10.8M	14,316	0.37%	+0.02pp	4q	+7.6%+$762.3K
ARM HOLDINGS PLC	ARM	$10.7M	30,070	0.36%	-	new	NEW
SPROTT INC	SII	$10.3M	92,015	0.35%	-0.34pp	22q	-28.1%-$4.0M
BUILDERS FIRSTSOURCE INC OPT	BLDR	$10.3M	14,970	0.35%	-	new	NEW
LOUISIANA PAC CORP	LPX	$10.3M	130,743	0.35%	-	new	NEW
COMFORT SYS USA INC	FIX	$10.2M	5,136	0.35%	-0.22pp	6q	-52.1%-$11.1M
ATS CORPORATION	ATS	$9.6M	334,923	0.33%	+0.09pp	2q	+49.5%+$3.2M
KILROY REALTY CORP OPT	KRC	$9.4M	options only	0.32%	-	new	OPTIONS
EQUITY LIFESTYLE PROPERTIES	ELS	$8.4M	130,438	0.29%	-	new	NEW
PROLOGIS INC.	PLD	$8.3M	60,944	0.28%	+0.05pp	17q	+30.5%+$1.9M
EVERCORE INC	EVR	$8.0M	23,408	0.27%	+0.08pp	6q	+41.2%+$2.3M
OVINTIV INC	OVV	$7.8M	148,671	0.27%	+0.04pp	2q	+48.7%+$2.6M
SHARKNINJA INC	SN	$7.8M	51,247	0.27%	-0.60pp	7q	-76.1%-$24.8M
CANADIAN PACIFIC KANSAS CITY OPT	CP	$7.8M	options only	0.27%	-0.30pp	13q	OPTIONS
FRANCO NEV CORP	FNV	$7.5M	35,858	0.25%	-0.56pp	28q	-36.0%-$4.2M
WASTE CONNECTIONS INC	WCN	$7.4M	44,122	0.25%	-	new	NEW
KRANESHARES TRUST OPT	KWEB	$7.3M	options only	0.25%	-	new	OPTIONS
THOMSON REUTERS CORP	TRI	$7.0M	85,099	0.24%	-	new	NEW
IDEXX LABS INC	IDXX	$6.6M	12,474	0.22%	+0.21pp	6q	+1637.3%+$6.2M
APOLLO GLOBAL MGMT INC OPT	APO	$6.3M	26,443	0.21%	-	new	NEW
INVESCO DB MULTI-SECTOR COMM OPT	DBB	$6.0M	options only	0.20%	-	new	OPTIONS
CARRIER GLOBAL CORPORATION	CARR	$6.0M	81,468	0.20%	-	new	NEW
VULCAN MATLS CO	VMC	$6.0M	20,203	0.20%	-	new	NEW
WESTERN COPPER & GOLD CORP	WRN	$5.8M	2,588,763	0.20%	-0.10pp	2q	-17.3%-$1.2M
SLB LIMITED	SLB	$5.3M	115,000	0.18%	-0.01pp	2q	+15.0%+$697.4K
PROGRESSIVE CORP	PGR	$5.3M	24,367	0.18%	-	new	NEW
EQT CORP	EQT	$5.3M	100,057	0.18%	-0.13pp	3q	-23.0%-$1.6M
ELASTIC N V	ESTC	$5.2M	92,053	0.18%	-	new	NEW
CORNING INC OPT	GLW	$5.2M	257	0.18%	-0.08pp	4q	-99.5%-$975.6M
BROWN & BROWN INC	BRO	$5.0M	77,951	0.17%	-	new	NEW
STARBUCKS CORP	SBUX	$4.9M	47,853	0.17%	-	new	NEW
SIRIUSXM HOLDINGS INC	SIRI	$4.8M	160,836	0.16%	-	new	NEW
SIGMA LITHIUM CORPORATION	SGML	$4.7M	367,775	0.16%	+0.03pp	7q	+36.7%+$1.2M
SPDR GOLD TR OPT	GLD	$4.6M	options only	0.16%	-4.74pp	6q	OPTIONS
COCA COLA CO	KO	$3.7M	45,765	0.13%	-	new	NEW
PAN AMERN SILVER CORP	PAAS	$3.5M	78,962	0.12%	-	new	NEW
ISHARES TR OPT	ICLN	$3.4M	options only	0.11%	-	new	OPTIONS
APA CORPORATION	APA	$3.1M	95,000	0.11%	-	new	NEW
ATLAS LITHIUM CORP	ATLX	$2.8M	749,217	0.09%	-0.03pp	13q	HELD
LIONSGATE STUDIOS CORP	LION	$2.7M	178,624	0.09%	+0.03pp	2q	HELD
HOME DEPOT INC	HD	$2.6M	7,373	0.09%	-	new	NEW
TOLL BROTHERS INC	TOL	$2.6M	15,668	0.09%	-	new	NEW
PARK AEROSPACE CORP	PKE	$2.3M	60,416	0.08%	-	new	NEW
SUN CMNTYS INC	SUI	$2.0M	16,279	0.07%	-	new	NEW
BWX TECHNOLOGIES INC	BWXT	$1.8M	9,310	0.06%	-	new	NEW
KARMAN HLDGS INC	KRMN	$1.8M	35,413	0.06%	-	new	NEW
ECHOSTAR CORP	ECHO	$1.5M	14,751	0.05%	-	new	NEW
MERCURY SYS INC	MRCY	$1.5M	12,222	0.05%	-	new	NEW
ALBEMARLE CORP	ALB	$1.3M	9,732	0.04%	-0.17pp	3q	-68.7%-$2.9M
RTX CORPORATION	RTX	$1.3M	6,640	0.04%	-	new	NEW
S&P GLOBAL INC	SPGI	$1.2M	2,951	0.04%	-	new	NEW
VERISK ANALYTICS INC	VRSK	$1.2M	6,664	0.04%	-	new	NEW
EAGLE MATLS INC	EXP	$1.1M	5,064	0.04%	-	new	NEW
DUCOMMUN INC DEL	DCO	$1.1M	5,687	0.04%	-	new	NEW
HUNTINGTON INGALLS INDS INC	HII	$1.0M	3,721	0.04%	-	new	NEW
IES HOLDINGS INC	IESC	$864.7K	1,177	0.03%	-	new	NEW
AUTOMATIC DATA PROCESSING IN	ADP	$739.3K	3,301	0.03%	-	new	NEW
VAIL RESORTS INC	MTN	$608.9K	4,472	0.02%	-0.26pp	6q	-92.1%-$7.1M
AMPHENOL CORP	APH	$449.8K	2,551	0.02%	-	new	NEW
MOOG INC	MOGA	$385.7K	910	0.01%	-	new	NEW
SPDR SERIES TRUST	KRE	$267.4K	3,573	0.01%	-0.04pp	5q	-80.1%-$1.1M
JPMORGAN CHASE & CO	JPM	$265.1K	810	0.01%	flat	7q	-1.6%-$4.3K
VENTURE GLOBAL INC	VG	$258.5K	23,227	0.01%	-	new	NEW
NEBIUS GROUP N.V.	NBIS	$232.0K	840	0.01%	-	new	NEW

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Funds & ETFs	$823.5M	28.0%
Mining & Metals	$197.4M	6.7%
Industrials	$166.6M	5.7%
Autos & Aerospace	$140.7M	4.8%
Software & IT Services	$137.2M	4.7%
Retail & Consumer	$130.4M	4.4%
Semiconductors & Electronics	$123.1M	4.2%
Energy	$117.2M	4.0%
Banks & Lending	$108.3M	3.7%
Utilities	$66.8M	2.3%
Real Estate	$66.6M	2.3%
Construction & Building	$62.6M	2.1%
Other sectors	$239.5M	8.1%
Not classified	$561.4M	19.1%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$2.9B	124	59	24	30	52	54.7%	42
Q1 2026	$2.6B	117	42	23	40	61	59.3%	41
Q4 2025	$3.0B	136	46	30	34	68	52.3%	40
Q3 2025	$5.7B	158	66	29	44	54	68.9%	41
Q2 2025	$3.8B	146	48	34	54	56	57.0%	42
Q1 2025	$3.7B	154	70	20	48	50	55.6%	43
Q4 2024	$3.0B	134	54	28	32	42	38.4%	43
Q3 2024	$5.1B	122	48	22	36	27	65.2%	43
Q2 2024	$2.7B	101	24	33	36	61	46.4%	43
Q1 2024	$3.3B	138	58	39	34	62	47.1%	44
Q4 2023	$5.0B	142	50	36	46	49	66.8%	43
Q3 2023	$7.0B	141	38	50	41	38	69.1%	44
Q2 2023	$5.3B	141	36	38	53	46	69.9%	45
Q1 2023	$4.5B	151	45	51	38	71	61.1%	41
Q4 2022	$6.1B	177	70	36	54	43	69.3%	41
Q3 2022	$6.6B	150	35	47	57	36	67.2%	38
Q2 2022	$4.5B	151	38	50	45	64	61.6%	46
Q1 2022	$7.6B	177	62	50	54	119	67.9%	39
Q4 2021	$5.9B	234	59	58	107	62	67.3%	45
Q3 2021	$6.6B	237	53	112	61	59	69.5%	33
Q2 2021	$7.1B	243	65	75	91	87	73.1%	34
Q1 2021	$4.4B	265	145	59	60	87	68.2%	41
Q4 2020	$1.5B	207	99	72	27	56	35.4%	39
Q3 2020	$937.4M	164	78	33	42	54	41.9%	43
Q2 2020	$1.2B	140	97	32	9	36	37.8%	45
Q1 2020	$562.2M	79	42	18	18	107	54.9%	35
Q4 2019	$944.5M	144	48	46	41	71	38.0%	44
Q3 2019	$888.7M	167	96	27	34	63	36.8%	60
Q2 2019	$899.0M	134	61	28	39	38	42.2%	23
Q1 2019	$947.5M	111	53	21	35	34	39.5%	37
Q4 2018	$807.5M	92	0	0	0	0	45.6%	38

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.