Waratah Capital Advisors Ltd. — 13F Holdings & Portfolio
CIK 1539919 · latest 13F-HR filed 2026-05-11
Waratah Capital Advisors Ltd. manages $2.63B in 13F-reported U.S. long-equity assets across 127 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are TLT (13.26%), SPY (10.10%), HYG (9.49%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 33 new positions, exited 39, added to 23, and trimmed 36.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$2.63B
Long-equity book
127
Distinct positions
2026-03-31
Filed 2026-05-11
+33 / −39 / ↑23 / ↓36
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- DESCARTES SYS GROUP INC$75.4M +772.8%
- NVENT ELEC PLC$25.4M +7558.8%
- ALAMOS GOLD INC$24.9M +68.8%
- SPX TECHNOLOGIES INC$24.0M +336.3%
- WELLTOWER INC$15.8M +109.6%
Top Trims
- FLOOR & DECOR HLDGS INC-$21.2M -97.8%
- KINROSS GOLD CORP-$19.8M -33.3%
- WESCO INTL INC-$18.4M -97.6%
- GILDAN ACTIVEWEAR INC-$17.3M -71.4%
- BOYD GROUP SERVICES INC-$16.8M -36.2%
New Positions
- SUNCOR ENERGY INC NEW$33.3M
- CENOVUS ENERGY INC$28.4M
- CHENIERE ENERGY INC$19.7M
- NISOURCE INC$17.6M
- BROOKFIELD RENEWABLE ENERGY$15.9M
Exited Positions
- BARRICK MNG CORP$44.5M
- ENDEAVOUR SILVER CORP$35.1M
- VIZSLA SILVER CORP$34.7M
- AMAZON COM INC$33.3M
- DANAHER CORPORATION$32.3M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR Call | TLT | 464287432 | $348.2M | 13.26% | 4,016,100 | SH |
| 2 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $265.2M | 10.10% | 407,800 | SH |
| 3 | ISHARES TR Put | HYG | 464288513 | $249.0M | 9.49% | 3,130,000 | SH |
| 4 | INVESCO QQQ TR Put | QQQ | 46090E103 | $172.1M | 6.55% | 298,100 | SH |
| 5 | ISHARES TR Put | LQD | 464287242 | $117.7M | 4.48% | 1,080,000 | SH |
| 6 | SPDR GOLD TR Put | GLD | 78463V107 | $85.6M | 3.26% | 199,000 | SH |
| 7 | DESCARTES SYS GROUP INC | DSGX | 249906108 | $85.1M | 3.24% | 1,189,482 | SH |
| 8 | ISHARES TR Call | IWM | 464287655 | $81.8M | 3.12% | 330,000 | SH |
| 9 | ALAMOS GOLD INC | AGI | 011532108 | $61.2M | 2.33% | 1,377,338 | SH |
| 10 | SPDR GOLD TR Call | GLD | 78463V107 | $43.0M | 1.64% | 100,000 | SH |
| 11 | KINROSS GOLD CORP | KGC | 496902404 | $39.7M | 1.51% | 1,301,904 | SH |
| 12 | CENTERRA GOLD INC | CGAU | 152006102 | $39.2M | 1.49% | 2,204,049 | SH |
| 13 | IAMGOLD CORP | IAG | 450913108 | $36.5M | 1.39% | 1,939,936 | SH |
| 14 | SKEENA RES LTD NEW | SKE | 83056P715 | $33.5M | 1.28% | 1,127,480 | SH |
| 15 | SUNCOR ENERGY INC NEW | SU | 867224107 | $33.3M | 1.27% | 503,049 | SH |
| 16 | SPX TECHNOLOGIES INC | SPXC | 78473E103 | $31.1M | 1.19% | 155,631 | SH |
| 17 | WELLTOWER INC | WELL | 95040Q104 | $30.2M | 1.15% | 152,943 | SH |
| 18 | BOYD GROUP SERVICES INC | BGSI | 103310108 | $29.7M | 1.13% | 231,905 | SH |
| 19 | CENOVUS ENERGY INC | CVE | 15135U109 | $28.4M | 1.08% | 1,072,139 | SH |
| 20 | CANADIAN NATL RY CO | CNI | 136375102 | $27.7M | 1.05% | 269,267 | SH |
| 21 | CRANE COMPANY | CR | 224408104 | $27.6M | 1.05% | 161,298 | SH |
| 22 | NVENT ELEC PLC | NVT | G6700G107 | $25.8M | 0.98% | 217,888 | SH |
| 23 | MARTIN MARIETTA MATLS INC | MLM | 573284106 | $25.7M | 0.98% | 43,620 | SH |
| 24 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $24.6M | 0.94% | 121,113 | SH |
| 25 | CAE INC | CAE | 124765108 | $23.2M | 0.88% | 889,234 | SH |
| 26 | SHARKNINJA INC | SN | G8068L108 | $22.7M | 0.86% | 214,249 | SH |
| 27 | LULULEMON ATHLETICA INC Call | LULU | 550021109 | $20.7M | 0.79% | 135,000 | SH |
| 28 | TELEDYNE TECHNOLOGIES INC | TDY | 879360105 | $20.3M | 0.77% | 33,574 | SH |
| 29 | TORONTO DOMINION BK ONT | TD | 891160509 | $19.8M | 0.76% | 212,432 | SH |
| 30 | CHENIERE ENERGY INC | LNG | 16411R208 | $19.7M | 0.75% | 69,319 | SH |
| 31 | NEXGEN ENERGY LTD | NXE | 65340P106 | $19.6M | 0.75% | 1,692,223 | SH |
| 32 | ELECTRONIC ARTS INC Put | EA | 285512109 | $18.3M | 0.70% | 90,000 | SH |
| 33 | SPROTT INC | SII | 852066208 | $18.3M | 0.70% | 127,893 | SH |
| 34 | NISOURCE INC | NI | 65473P105 | $17.6M | 0.67% | 376,424 | SH |
| 35 | AMETEK INC | AME | 031100100 | $16.5M | 0.63% | 77,196 | SH |
| 36 | BROOKFIELD RENEWABLE ENERGY | BEP | G16258108 | $15.9M | 0.61% | 488,000 | SH |
| 37 | LULULEMON ATHLETICA INC | LULU | 550021109 | $14.9M | 0.57% | 97,093 | SH |
| 38 | COMFORT SYS USA INC | FIX | 199908104 | $14.8M | 0.56% | 10,729 | SH |
| 39 | FRANCO NEV CORP | FNV | 351858105 | $13.8M | 0.53% | 56,029 | SH |
| 40 | BRP INC | DOO | 05577W200 | $13.7M | 0.52% | 191,290 | SH |
| 41 | ROYAL BK CDA | RY | 780087102 | $13.5M | 0.51% | 83,144 | SH |
| 42 | SENSIENT TECHNOLOGIES CORP | SXT | 81725T100 | $13.0M | 0.50% | 150,732 | SH |
| 43 | ISHARES BITCOIN TRUST ETF Call | IBIT | 46438F101 | $11.5M | 0.44% | 300,000 | SH |
| 44 | ISHARES TR Call | FXI | 464287184 | $10.8M | 0.41% | 300,000 | SH |
| 45 | MODINE MFG CO | MOD | 607828100 | $10.7M | 0.41% | 49,422 | SH |
| 46 | APPLIED MATLS INC | AMAT | 038222105 | $10.5M | 0.40% | 30,664 | SH |
| 47 | SELECT SECTOR SPDR TR Put | XLE | 81369Y506 | $10.4M | 0.40% | 170,000 | SH |
| 48 | REGAL REXNORD CORPORATION | RRX | 758750103 | $10.3M | 0.39% | 55,144 | SH |
| 49 | AMER SPORTS INC | AS | G0260P102 | $10.3M | 0.39% | 312,511 | SH |
| 50 | QUANTA SVCS INC | PWR | 74762E102 | $10.1M | 0.38% | 18,349 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-11 | $2.63B | 127 | 0002060757-26-000028 |
| 2025-12-31 | 2026-02-09 | $2.97B | 152 | 0002060757-26-000003 |
| 2025-09-30 | 2025-11-10 | $5.66B | 183 | 0002060757-25-000005 |