Waratah Capital Advisors Ltd.

Registered adviser

CIK

1539919

Location

TORONTO, A6

Portfolio Value

Mid $2,941,254,299

Diversification

Diversified

Filing Date

Global Rank

#1,264 / 8,818 ▼ 9

Top Industry

Software - Application 8.6%

Period ended 4 months ago

Filed Aug 11, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 173867

Roster of Oct 1, 2026

Regulatory AUM

$2,270,964,911

Main clients

Pooled investment vehicles (94% of AUM)

Private funds

6 funds · Private equity funds

Focus by fund count, roster of Oct 1, 2026

$112,960,000 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 26, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$112,960,000 gross assets in 6 funds Private equity funds $65,200,000 (4) Hedge funds $47,760,000 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$2,270,964,911	Pooled investment vehicles (94%)
Apr 2025 to Mar 2026	$2,770,131,066	Pooled investment vehicles (96%)
Apr 2024 to Mar 2025	$3,246,998,414	Pooled investment vehicles (97%)
May 2023 to Mar 2024	$2,948,050,000	Pooled investment vehicles (96%)
Apr 2023	$2,948,050,000	Pooled investment vehicles (96%)
Apr 2022 to Mar 2023	$2,649,000,000	Pooled investment vehicles (94%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 31.1%, 48.7 effective positions, active share 88.8% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

159.6% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 4.8 quarters, but 1.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 88.8%; sector active share 42.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

124 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.8%

−12.3 pts

Top 5

52.2%

−3.9 pts

Top 10

59.8%

−4.7 pts

HHI

823

Diversified−370

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	47.5%	$1,398,277,710	14
Industrials	13.8%	$407,211,744	33
Technology	12.0%	$352,339,253	14
Basic Materials	7.1%	$210,236,409	16
Consumer Cyclical	5.1%	$149,777,392	11
Financial Services	4.6%	$134,030,999	10
Energy	4.5%	$131,441,257	11
Real Estate	2.3%	$66,607,917	6
Utilities	2.0%	$59,399,081	3
Consumer Defensive	0.6%	$18,885,422	2
Healthcare	0.2%	$6,566,812	1
Communication Services	0.2%	$6,480,303	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

24 positions

Ticker	Company	Δ Shares	Shares	Value
STN	Stantec Inc	+376,545	441,245	$30,406,192
DSGX	Descartes Systems Group Inc	+258,196	1,447,678	$100,237,224
NI	Nisource Inc.	+240,355	616,779	$29,327,841
FND	Floor & Decor Holdings, Inc.	+181,003	190,568	$11,312,116
ATS	ATS Corp	+110,940	334,923	$9,639,083
SGML	Sigma Lithium Corp	+98,661	367,775	$4,652,353
SXT	Sensient Technologies Corp	+90,505	241,237	$29,742,109
OVV	Ovintiv Inc.	+48,671	148,671	$7,827,528
CVE	Cenovus Energy Inc.	+38,568	1,110,707	$27,556,640
TDY	Teledyne Technologies Inc	+37,300	70,874	$47,265,870
TXN	Texas Instruments Inc	+33,884	50,303	$14,993,815
AME	Ametek Inc	+32,717	109,913	$26,592,351
MOD	Modine Manufacturing Co	+25,662	75,084	$20,048,929
AS	Amer Sports, Inc.	+21,582	334,093	$11,305,707
LNG	Cheniere Energy, Inc.	+20,699	90,018	$21,515,202
SLB	Slb Limited	+15,000	115,000	$5,346,350
PLD	Prologis, Inc.	+14,251	60,944	$8,256,083
FSV	FirstService Corp	+12,508	45,179	$6,420,387
ASML	Asml Holding NV	+11,963	13,292	$26,443,635
IDXX	Idexx Laboratories Inc	+11,756	12,474	$6,566,812
PWR	Quanta Services, Inc.	+11,250	29,599	$21,312,463
EVR	Evercore Inc.	+6,827	23,408	$7,992,427
RRX	Regal Rexnord Corp	+6,325	61,469	$14,641,301
CW	Curtiss Wright Corp	+1,006	14,316	$10,848,092
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CGAU	Centerra Gold Inc.	−1,451,434	752,615	$11,936,473
IAG	Iamgold Corp	−1,090,135	849,801	$13,460,847
KGC	Kinross Gold Corp	−762,258	539,646	$12,746,438
WRN	Western Copper & Gold Corp	−541,851	2,588,763	$5,798,829
CAE	Cae Inc	−412,703	476,531	$11,941,866
SKE	Skeena Resources Ltd	−307,021	820,459	$21,873,436
NXE	NexGen Energy Ltd.	−227,700	1,464,523	$13,751,870
SU	Suncor Energy Inc	−187,133	315,916	$16,958,370
CNI	Canadian National Railway Co	−178,842	90,425	$10,782,277
SN	SharkNinja, Inc.	−163,002	51,247	$7,803,380
NVT	nVent Electric plc	−114,767	103,121	$17,490,352
AGI	Alamos Gold Inc	−103,042	1,274,296	$38,662,140
BEP	Brookfield Renewable Partners L.P.	−100,000	388,000	$13,475,240
SPXC	SPX Technologies, Inc.	−77,143	78,488	$19,242,902
CR	Crane Co	−71,531	89,767	$20,024,324
MTN	Vail Resorts Inc	−52,238	4,472	$608,862
GLW	Corning Inc	−48,456	257	$65,645
WELL	Welltower Inc.	−42,357	110,586	$25,099,704
SII	Sprott Inc.	−35,878	92,015	$10,337,885
EQT	EQT Corp	−29,943	100,057	$5,320,030
ALB	Albemarle Corp	−21,402	9,732	$1,314,111
FNV	FRANCO NEVADA Corp	−20,171	35,858	$7,474,241
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	−14,416	3,573	$267,439
TD	Toronto Dominion Bank	−9,178	203,254	$24,681,133
FIX	Comfort Systems USA Inc	−5,593	5,136	$10,179,295
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
FSS	Federal Signal Corp	360,200	$46,282,098
AVGO	Broadcom Inc.	77,197	$29,161,166
CMG	Chipotle Mexican Grill Inc	779,976	$26,519,184
AMZN	Amazon Com Inc	107,937	$25,725,704
ARMK	Aramark	370,785	$21,097,666
NVDA	Nvidia Corp	103,208	$20,650,888
CHRW	C. H. Robinson Worldwide, Inc.	102,215	$19,251,173
STRL	Sterling Infrastructure, Inc.	19,370	$16,258,403
MSFT	Microsoft Corp	43,433	$16,201,377
IMO	Imperial Oil Ltd	138,623	$15,528,548
MNST	Monster Beverage Corp	157,783	$15,166,101
TFII	TFI International Inc.	103,433	$14,849,875
PUMP	ProPetro Holding Corp.	963,358	$13,814,553
PAYX	Paychex Inc	134,023	$13,178,481
ARM	Arm Holdings PLC	30,070	$10,661,919
LPX	Louisiana-Pacific Corp	130,743	$10,284,244
ELS	Equity Lifestyle Properties Inc	130,438	$8,406,729
WCN	Waste Connections, Inc.	44,122	$7,354,696
TRI	Thomson Reuters Corp	85,099	$6,950,035
CARR	CARRIER GLOBAL Corp	81,468	$5,975,677
VMC	Vulcan Materials CO	20,203	$5,960,087
PGR	Progressive Corp	24,367	$5,322,971
ESTC	Elastic N.V.	92,053	$5,248,862
BRO	Brown & Brown, Inc.	77,951	$5,000,556
SBUX	Starbucks Corp	47,853	$4,890,098
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BGSI	Boyd Group Services Inc.	231,905	$29,651,373
LULU	lululemon athletica inc.	97,093	$14,864,938
DOO	BRP Inc.	191,290	$13,736,534
AMAT	Applied Materials Inc	30,664	$10,480,648
COP	Conocophillips	75,000	$9,900,000
ETR	Entergy Corp	80,708	$9,068,350
BC	Brunswick Corp	97,877	$7,121,530
AAPL	Apple Inc.	27,664	$7,020,846
GIL	Gildan Activewear Inc.	124,157	$6,909,337
CP	Canadian Pacific Kansas City Ltd	87,807	$6,906,898
XPO	XPO, Inc.	28,046	$5,456,349
GD	General Dynamics Corp	13,734	$4,713,783
BNO	United States Brent Oil Fund, LP	79,322	$4,125,537
LGN	Legence Corp.	68,315	$3,857,064
EME	EMCOR Group, Inc.	5,224	$3,856,931
META	Meta Platforms, Inc.	5,678	$3,248,554
PR	Permian Resources Corp	150,000	$3,198,000
TER	Teradyne, Inc	10,340	$3,065,396
VICR	Vicor Corp	17,156	$2,762,116
—		246,240	$2,681,554
GEV	GE Vernova Inc.	3,057	$2,668,455
ITA	iShares U.S. Aerospace & Defense ETF	11,970	$2,618,437
TGT	Target Corp	20,119	$2,438,422
GFUZ	General Fusion Group Ltd.	167,010	$1,696,821
TVA	Texas Ventures Acquisition III Corp	151,804	$1,577,243
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

124 tracked positions · $2,941,254,299 total · filing declares 142 positions · $2,941,254,362 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 124 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1 PUT	Added	698,100	+400,000	$514,080,840	+198.8%	—	—	17.48%
SPY	Spdr S&P 500 ETF Trust PUT CALL	Added	414,300	+1,500	$309,386,811	+15.2%	—	—	10.52%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF PUT	Reduced	3,007,700	-122,300	$240,525,769	−3.4%	—	—	8.18%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF PUT	Added	1,500,000	+420,000	$163,605,000	+39.0%	—	—	5.56%
DSGX	Descartes Systems Group Inc Technology	Added	1,447,678	+258,196	$100,237,224	+17.8%	3	$74.58	3.41%
TLT	iShares 20+ Year Treasury Bond ETF PUT CALL	Reduced	960,000	-3,056,100	$82,963,200	−76.2%	—	—	2.82%
BMO	Bank Of Montreal CALL Financial Services	NEW	320,000	NEW	$56,544,000	NEW	—	—	1.92%
ASML	Asml Holding NV PUT + SHARES Technology	Added	24,692	+23,363	$49,123,249	+2698.4%	2	$1,569.59	1.67%
TDY	Teledyne Technologies Inc Technology	Added	70,874	+37,300	$47,265,870	+132.7%	23	$602.51	1.61%
FSS	Federal Signal Corp Industrials	NEW	360,200	NEW	$46,282,098	NEW	1	$114.68	1.57%
AMZN	Amazon Com Inc CALL + SHARES Consumer Cyclical	NEW	177,937	NEW	$42,409,504	NEW	1	$251.01	1.44%
AGI	Alamos Gold Inc Basic Materials	Reduced	1,274,296	-103,042	$38,662,140	−36.8%	3	$37.78	1.31%
AVGO	Broadcom Inc. CALL + SHARES Technology	NEW	102,197	NEW	$38,604,916	NEW	1	$400.96	1.31%
NVT	nVent Electric plc PUT + SHARES Industrials	Reduced	205,621	-12,267	$34,875,377	+35.3%	4	$113.13	1.19%
STN	Stantec Inc Industrials	Added	441,245	+376,545	$30,406,192	+443.9%	7	$80.94	1.03%
SXT	Sensient Technologies Corp Basic Materials	Added	241,237	+90,505	$29,742,109	+128.3%	6	$97.67	1.01%
NVDA	Nvidia Corp PUT + SHARES Technology	Added	148,208	+103,208	$29,654,938	+277.9%	1	$205.61	1.01%
NI	Nisource Inc. Utilities	Added	616,779	+240,355	$29,327,841	+67.0%	2	$45.94	1.00%
CVE	Cenovus Energy Inc. Energy	Reduced	1,110,707	-21,432	$27,556,640	−8.3%	2	$21.54	0.94%
AME	Ametek Inc Industrials	Added	109,913	+32,717	$26,592,351	+60.7%	3	$212.88	0.90%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Added	779,976	+629,976	$26,519,184	+452.3%	1	$32.67	0.90%
MTUM	iShares MSCI USA Momentum Factor ETF PUT	NEW	75,000	NEW	$25,712,250	NEW	—	—	0.87%
WELL	Welltower Inc. Real Estate	Reduced	110,586	-42,357	$25,099,704	−17.0%	5	$173.13	0.85%
TD	Toronto Dominion Bank Financial Services	Reduced	203,254	-9,178	$24,681,133	+24.5%	6	$70.21	0.84%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	40,094	-3,526	$23,122,209	−10.0%	17	$570.25	0.79%
TXN	Texas Instruments Inc PUT + SHARES Technology	Added	75,303	+58,884	$22,445,565	+604.2%	2	$252.96	0.76%
SOXX	iShares Semiconductor ETF PUT	NEW	34,300	NEW	$21,978,068	NEW	—	—	0.75%
SKE	Skeena Resources Ltd Basic Materials	Reduced	820,459	-307,021	$21,873,436	−34.7%	5	$15.61	0.74%
AEM	Agnico Eagle Mines Ltd CALL + SHARES Basic Materials	Reduced	140,423	-5,690	$21,783,819	−26.5%	11	$56.03	0.74%
LNG	Cheniere Energy, Inc. Energy	Added	90,018	+20,699	$21,515,202	+9.4%	2	$235.09	0.73%
PWR	Quanta Services, Inc. Industrials	Added	29,599	+11,250	$21,312,463	+111.6%	6	$523.01	0.72%
ARMK	Aramark Industrials	NEW	370,785	NEW	$21,097,666	NEW	1	$49.35	0.72%
MOD	Modine Manufacturing Co Consumer Cyclical	Added	75,084	+25,662	$20,048,929	+87.2%	2	$213.99	0.68%
CR	Crane Co Industrials	Reduced	89,767	-71,531	$20,024,324	−27.4%	4	$186.35	0.68%
MGA	Magna International Inc CALL Consumer Cyclical	NEW	300,000	NEW	$19,698,000	NEW	—	—	0.67%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	NEW	102,215	NEW	$19,251,173	NEW	1	$177.62	0.65%
SPXC	SPX Technologies, Inc. Industrials	Reduced	78,488	-77,143	$19,242,902	−38.2%	4	$207.96	0.65%
CNI	Canadian National Railway Co CALL + SHARES Industrials	Reduced	150,425	-118,842	$17,936,677	−35.2%	3	$98.35	0.61%
SU	Suncor Energy Inc Energy	Reduced	315,916	-187,133	$16,958,370	−49.0%	2	$55.27	0.58%
TAC	Transalta Corp CALL Utilities	Added	1,200,000	+860,000	$16,596,000	+272.6%	—	—	0.56%
RY	Royal Bank Of Canada Financial Services	Reduced	79,399	-3,745	$16,433,211	+22.2%	14	$114.30	0.56%
STRL	Sterling Infrastructure, Inc. Industrials	NEW	19,370	NEW	$16,258,403	NEW	1	$701.84	0.55%
MSFT	Microsoft Corp Technology	NEW	43,433	NEW	$16,201,377	NEW	1	$404.60	0.55%
ITB	iShares U.S. Home Construction ETF CALL	NEW	150,000	NEW	$15,672,000	NEW	—	—	0.53%
IMO	Imperial Oil Ltd Energy	NEW	138,623	NEW	$15,528,548	NEW	1	$125.29	0.53%
MNST	Monster Beverage Corp Consumer Defensive	NEW	157,783	NEW	$15,166,101	NEW	1	$84.04	0.52%
TFII	TFI International Inc. Industrials	NEW	103,433	NEW	$14,849,875	NEW	1	$141.18	0.50%
RRX	Regal Rexnord Corp Industrials	Added	61,469	+6,325	$14,641,301	+41.8%	7	$187.01	0.50%
KGC	Kinross Gold Corp CALL + SHARES Basic Materials	Reduced	619,646	-872,258	$14,636,038	−67.9%	9	$9.41	0.50%
CGAU	Centerra Gold Inc. CALL + SHARES Basic Materials	Reduced	902,615	-1,351,434	$14,315,473	−64.3%	6	$6.37	0.49%

Showing the top 50 of 124 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.