Waratah Capital Advisors Ltd.
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| INVESCO QQQ TR PUT | QQQ | $514.1M | options only | +10.92pp | 22q | OPTIONS | |
| STATE STR SPDR S&P 500 ETF T CALL+PUT | SPY | $309.4M | options only | +0.29pp | 2q | OPTIONS | |
| ISHARES TR PUT | HYG | $240.5M | options only | -1.31pp | 10q | OPTIONS | |
| ISHARES TR PUT | LQD | $163.6M | options only | +1.08pp | 2q | OPTIONS | |
| DESCARTES SYS GROUP INC | DSGX | $100.2M | 1,447,678 | +0.17pp | 3q | +21.7%+$17.9M | |
| ISHARES TR CALL+PUT | TLT | $83.0M | options only | -10.44pp | 2q | OPTIONS | |
| BANK MONTREAL MEDIUM CALL | BMO | $56.5M | options only | - | new | OPTIONS | |
| ASML HLDG NV PUT | ASML | $49.1M | 13,292 | +1.60pp | 2q | +900.2%+$44.2M | |
| TELEDYNE TECHNOLOGIES INC | TDY | $47.3M | 70,874 | +0.83pp | 23q | +111.1%+$24.9M | |
| FEDERAL SIGNAL CORP | FSS | $46.3M | 360,200 | - | new | NEW | |
| AMAZON COM INC CALL | AMZN | $42.4M | 107,937 | - | new | NEW | |
| ALAMOS GOLD INC | AGI | $38.7M | 1,274,296 | -1.02pp | 3q | -7.5%-$3.1M | |
| BROADCOM INC CALL | AVGO | $38.6M | 77,197 | - | new | NEW | |
| NVENT ELEC PLC PUT | NVT | $34.9M | 103,121 | +0.20pp | 4q | -52.7%-$38.8M | |
| STANTEC INC | STN | $30.4M | 441,245 | +0.82pp | 7q | +582.0%+$25.9M | |
| SENSIENT TECHNOLOGIES CORP | SXT | $29.7M | 241,237 | +0.51pp | 6q | +60.0%+$11.2M | |
| NVIDIA CORPORATION PUT | NVDA | $29.7M | 103,208 | +0.71pp | 5q | HELD | |
| NISOURCE INC | NI | $29.3M | 616,779 | +0.33pp | 2q | +63.9%+$11.4M | |
| CENOVUS ENERGY INC | CVE | $27.6M | 1,110,707 | -0.21pp | 2q | +3.6%+$956.9K | |
| AMETEK INC | AME | $26.6M | 109,913 | +0.27pp | 3q | +42.4%+$7.9M | |
| CHIPOTLE MEXICAN GRILL INC | CMG | $26.5M | 779,976 | +0.72pp | 2q | HELD | |
| ISHARES TR PUT | MTUM | $25.7M | options only | - | new | OPTIONS | |
| WELLTOWER INC | WELL | $25.1M | 110,586 | -0.30pp | 5q | -27.7%-$9.6M | |
| TORONTO DOMINION BK ONT | TD | $24.7M | 203,254 | +0.08pp | 6q | -4.3%-$1.1M | |
| MARTIN MARIETTA MATLS INC | MLM | $23.1M | 40,094 | -0.19pp | 17q | -8.1%-$2.0M | |
| TEXAS INSTRS INC PUT | TXN | $22.4M | 50,303 | +0.64pp | 2q | +206.4%+$15.1M | |
| ISHARES TR PUT | SOXX | $22.0M | options only | - | new | OPTIONS | |
| SKEENA RES LTD NEW | SKE | $21.9M | 820,459 | -0.53pp | 5q | -27.2%-$8.2M | |
| AGNICO EAGLE MINES LTD CALL | AEM | $21.8M | 120,423 | -0.39pp | 11q | -0.6%-$124.8K | |
| CHENIERE ENERGY INC | LNG | $21.5M | 90,018 | -0.02pp | 2q | +29.9%+$4.9M | |
| QUANTA SVCS INC | PWR | $21.3M | 29,599 | +0.34pp | 6q | +61.3%+$8.1M | |
| ARAMARK | ARMK | $21.1M | 370,785 | - | new | NEW | |
| MODINE MFG CO | MOD | $20.0M | 75,084 | +0.27pp | 2q | +51.9%+$6.9M | |
| CRANE COMPANY | CR | $20.0M | 89,767 | -0.37pp | 4q | -44.3%-$16.0M | |
| MAGNA INTL INC CALL | MGA | $19.7M | options only | - | new | OPTIONS | |
| C H ROBINSON WORLDWIDE IN | CHRW | $19.3M | 102,215 | - | new | NEW | |
| SPX TECHNOLOGIES INC | SPXC | $19.2M | 78,488 | -0.53pp | 4q | -49.6%-$18.9M | |
| CANADIAN NATL RY CO CALL | CNI | $17.9M | 90,425 | -0.44pp | 3q | -66.4%-$35.5M | |
| SUNCOR ENERGY INC NEW | SU | $17.0M | 315,916 | -0.69pp | 2q | -37.2%-$10.0M | |
| TRANSALTA CORP CALL | TAC | $16.6M | options only | +0.39pp | 2q | OPTIONS | |
| ROYAL BK CDA | RY | $16.4M | 79,399 | +0.05pp | 14q | -4.5%-$775.1K | |
| STERLING INFRASTRUCTURE INC | STRL | $16.3M | 19,370 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $16.2M | 43,433 | - | new | NEW | |
| ISHARES TR CALL | ITB | $15.7M | options only | - | new | OPTIONS | |
| IMPERIAL OIL LTD | IMO | $15.5M | 138,623 | - | new | NEW | |
| MONSTER BEVERAGE CORP NEW | MNST | $15.2M | 157,783 | - | new | NEW | |
| TFI INTERNATIONAL INC | TFII | $14.8M | 103,433 | - | new | NEW | |
| REGAL REXNORD CORPORATION | RRX | $14.6M | 61,469 | +0.10pp | 7q | +11.5%+$1.5M | |
| KINROSS GOLD CORP CALL | KGC | $14.6M | 539,646 | -1.24pp | 9q | -58.5%-$20.7M | |
| CENTERRA GOLD INC CALL | CGAU | $14.3M | 752,615 | -1.04pp | 6q | -65.9%-$27.6M | |
| NEXGEN ENERGY LTD CALL | NXE | $14.2M | 1,464,523 | -0.29pp | 23q | -13.5%-$2.2M | |
| PROPETRO HLDG CORP | PUMP | $13.8M | 963,358 | - | new | NEW | |
| FIRSTSERVICE CORP NEW CALL | FSV | $13.5M | 45,179 | +0.29pp | 29q | +38.3%+$3.7M | |
| BROOKFIELD RENEWABLE ENERGY | BEP | $13.5M | 388,000 | -0.15pp | 2q | -20.5%-$3.5M | |
| IAMGOLD CORP | IAG | $13.5M | 849,801 | -0.93pp | 5q | -56.2%-$17.3M | |
| SERVICENOW INC CALL | NOW | $13.4M | 4,504 | - | new | NEW | |
| PAYCHEX INC | PAYX | $13.2M | 134,023 | - | new | NEW | |
| CAE INC | CAE | $11.9M | 476,531 | -0.48pp | 3q | -46.4%-$10.3M | |
| FLOOR & DECOR HLDGS INC | FND | $11.3M | 190,568 | +0.37pp | 5q | +1892.3%+$10.7M | |
| AMER SPORTS INC | AS | $11.3M | 334,093 | -0.01pp | 2q | +6.9%+$730.3K | |
| CURTISS WRIGHT CORP | CW | $10.8M | 14,316 | +0.02pp | 4q | +7.6%+$762.3K | |
| ARM HOLDINGS PLC | ARM | $10.7M | 30,070 | - | new | NEW | |
| SPROTT INC | SII | $10.3M | 92,015 | -0.34pp | 22q | -28.1%-$4.0M | |
| BUILDERS FIRSTSOURCE INC CALL | BLDR | $10.3M | 14,970 | - | new | NEW | |
| LOUISIANA PAC CORP | LPX | $10.3M | 130,743 | - | new | NEW | |
| COMFORT SYS USA INC | FIX | $10.2M | 5,136 | -0.22pp | 6q | -52.1%-$11.1M | |
| ATS CORPORATION | ATS | $9.6M | 334,923 | +0.09pp | 2q | +49.5%+$3.2M | |
| KILROY REALTY CORP CALL | KRC | $9.4M | options only | - | new | OPTIONS | |
| EQUITY LIFESTYLE PROPERTIES | ELS | $8.4M | 130,438 | - | new | NEW | |
| PROLOGIS INC. | PLD | $8.3M | 60,944 | +0.05pp | 17q | +30.5%+$1.9M | |
| EVERCORE INC | EVR | $8.0M | 23,408 | +0.08pp | 6q | +41.2%+$2.3M | |
| OVINTIV INC | OVV | $7.8M | 148,671 | +0.04pp | 2q | +48.7%+$2.6M | |
| SHARKNINJA INC | SN | $7.8M | 51,247 | -0.60pp | 7q | -76.1%-$24.8M | |
| CANADIAN PACIFIC KANSAS CITY CALL | CP | $7.8M | options only | -0.30pp | 13q | OPTIONS | |
| FRANCO NEV CORP | FNV | $7.5M | 35,858 | -0.56pp | 28q | -36.0%-$4.2M | |
| WASTE CONNECTIONS INC | WCN | $7.4M | 44,122 | - | new | NEW | |
| KRANESHARES TRUST CALL | KWEB | $7.3M | options only | - | new | OPTIONS | |
| THOMSON REUTERS CORP | TRI | $7.0M | 85,099 | - | new | NEW | |
| IDEXX LABS INC | IDXX | $6.6M | 12,474 | +0.21pp | 6q | +1637.3%+$6.2M | |
| APOLLO GLOBAL MGMT INC CALL | APO | $6.3M | 26,443 | - | new | NEW | |
| INVESCO DB MULTI-SECTOR COMM CALL | DBB | $6.0M | options only | - | new | OPTIONS | |
| CARRIER GLOBAL CORPORATION | CARR | $6.0M | 81,468 | - | new | NEW | |
| VULCAN MATLS CO | VMC | $6.0M | 20,203 | - | new | NEW | |
| WESTERN COPPER & GOLD CORP | WRN | $5.8M | 2,588,763 | -0.10pp | 2q | -17.3%-$1.2M | |
| SLB LIMITED | SLB | $5.3M | 115,000 | -0.01pp | 2q | +15.0%+$697.4K | |
| PROGRESSIVE CORP | PGR | $5.3M | 24,367 | - | new | NEW | |
| EQT CORP | EQT | $5.3M | 100,057 | -0.13pp | 3q | -23.0%-$1.6M | |
| ELASTIC N V | ESTC | $5.2M | 92,053 | - | new | NEW | |
| CORNING INC PUT | GLW | $5.2M | 257 | -0.08pp | 4q | -99.5%-$975.6M | |
| BROWN & BROWN INC | BRO | $5.0M | 77,951 | - | new | NEW | |
| STARBUCKS CORP | SBUX | $4.9M | 47,853 | - | new | NEW | |
| SIRIUSXM HOLDINGS INC | SIRI | $4.8M | 160,836 | - | new | NEW | |
| SIGMA LITHIUM CORPORATION | SGML | $4.7M | 367,775 | +0.03pp | 7q | +36.7%+$1.2M | |
| SPDR GOLD TR CALL | GLD | $4.6M | options only | -4.74pp | 6q | OPTIONS | |
| COCA COLA CO | KO | $3.7M | 45,765 | - | new | NEW | |
| PAN AMERN SILVER CORP | PAAS | $3.5M | 78,962 | - | new | NEW | |
| ISHARES TR CALL | ICLN | $3.4M | options only | - | new | OPTIONS | |
| APA CORPORATION | APA | $3.1M | 95,000 | - | new | NEW | |
| ATLAS LITHIUM CORP | ATLX | $2.8M | 749,217 | -0.03pp | 13q | HELD | |
| LIONSGATE STUDIOS CORP | LION | $2.7M | 178,624 | +0.03pp | 2q | HELD | |
| HOME DEPOT INC | HD | $2.6M | 7,373 | - | new | NEW | |
| TOLL BROTHERS INC | TOL | $2.6M | 15,668 | - | new | NEW | |
| PARK AEROSPACE CORP | PKE | $2.3M | 60,416 | - | new | NEW | |
| SUN CMNTYS INC | SUI | $2.0M | 16,279 | - | new | NEW | |
| BWX TECHNOLOGIES INC | BWXT | $1.8M | 9,310 | - | new | NEW | |
| KARMAN HLDGS INC | KRMN | $1.8M | 35,413 | - | new | NEW | |
| ECHOSTAR CORP | ECHO | $1.5M | 14,751 | - | new | NEW | |
| MERCURY SYS INC | MRCY | $1.5M | 12,222 | - | new | NEW | |
| ALBEMARLE CORP | ALB | $1.3M | 9,732 | -0.17pp | 3q | -68.7%-$2.9M | |
| RTX CORPORATION | RTX | $1.3M | 6,640 | - | new | NEW | |
| S&P GLOBAL INC | SPGI | $1.2M | 2,951 | - | new | NEW | |
| VERISK ANALYTICS INC | VRSK | $1.2M | 6,664 | - | new | NEW | |
| EAGLE MATLS INC | EXP | $1.1M | 5,064 | - | new | NEW | |
| DUCOMMUN INC DEL | DCO | $1.1M | 5,687 | - | new | NEW | |
| HUNTINGTON INGALLS INDS INC | HII | $1.0M | 3,721 | - | new | NEW | |
| IES HOLDINGS INC | IESC | $864.7K | 1,177 | - | new | NEW | |
| AUTOMATIC DATA PROCESSING IN | ADP | $739.3K | 3,301 | - | new | NEW | |
| VAIL RESORTS INC | MTN | $608.9K | 4,472 | -0.26pp | 6q | -92.1%-$7.1M | |
| AMPHENOL CORP | APH | $449.8K | 2,551 | - | new | NEW | |
| MOOG INC | MOGA | $385.7K | 910 | - | new | NEW | |
| SPDR SERIES TRUST | KRE | $267.4K | 3,573 | -0.04pp | 5q | -80.1%-$1.1M | |
| JPMORGAN CHASE & CO | JPM | $265.1K | 810 | flat | 7q | -1.6%-$4.3K | |
| VENTURE GLOBAL INC | VG | $258.5K | 23,227 | - | new | NEW | |
| NEBIUS GROUP N.V. | NBIS | $232.0K | 840 | - | 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% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
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.