WC

Waratah Capital Advisors Ltd.

Diversified strategyHigh-turnover traderContrarian

Total reported value

$2.6B

Reporting period: 2026-03-31 · Number of holdings: 127

Waratah Capital Advisors Ltd. disclosed 127 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.6B and a quarterly turnover rate of 120.0%.

Personality snowflake

Concentration
20.71
Portfolio Stability
100
Momentum/Contrarian
0
Sector conviction
49.04
Diversification
100
Sizing Uniformity
77.42

Recent moves

  • Trim GLD

    -82.5%　-$548.3M

  • Add HYG

    +61.6%　$92.9M

  • Trim QQQ

    -35.4%　-$111.3M

  • Add DSGX

    +969.1%　$75.4M

  • Add IWM

    +497.8%　$68.3M

  • Trim ROP

    -95.0%　-$73.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 117 holdings (of 127 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1TLTIshares 20+ Year Treasury BdETF-Gov Bonds13.26%+13.26%NEW
2SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth10.23%+10.23%NEW
3HYGIshr Ibx Usd Hiyld Cb Etf-uiETF-High Yield9.49%+4.23%+61.62%
4QQQInvesco Qqq Trust Series 1ETF-Tech6.55%-2.99%-35.36%
5GLDSpdr Gold SharesETF-Commodities4.90%-17.89%-82.50%
6LQDIshr Ibx Usd Invgd Cb Etf-uiETF-Corp Bonds4.48%+4.48%NEW
7DSGXDescartes Systems Grp/theStock-Tech3.24%+2.91%+969.11%
8IWMIshares Russell 2000 ETFETF-Small Cap3.12%+2.66%+497.83%
9AGIAlamos Gold Inc-class AStock-Materials2.33%+1.11%+46.59%
10KGCKinross Gold CORPStock-Materials1.73%-0.27%-29.45%
11CGAUCenterra Gold INCStock-Other1.53%-0.26%-39.14%
12IAGIamgold CORPStock-Other1.39%—-25.48%
13LULULululemon Athletica INCStock-Consumer Disc1.35%+0.91%+272.74%
14SKESkeena Resources LTDStock-Other1.28%—-26.15%
15SUSuncor Energy INCStock-Energy1.27%+1.27%NEW
16SPXCSpx Technologies INCStock-Industrials1.19%+0.95%+336.56%
17WELLWelltower INCStock-Real Estate1.15%+0.66%+96.76%
18CVECenovus Energy INCStock-Energy1.14%+1.14%NEW
19AEMAgnico Eagle Mines LTDStock-Materials1.13%—-12.43%
20BGSITHE Boyd Group INCStock-Other1.13%-0.44%-20.55%
21CNICanadian Natl Railway CoStock-Industrials1.05%—+46.04%
22CRCrane CoStock-Industrials1.05%—+7.79%
23NVTnVent Electric plcStock-Industrials0.98%+0.97%+6502.67%
24MLMMartin Marietta MaterialsStock-Materials0.98%—+95.83%
25CAECae INCStock-Other0.88%—+115.44%
26SNSharkNinja, Inc.Stock-Consumer Disc0.86%—+37.33%
27FNVFranco-nevada CORPStock-Materials0.81%—+54.25%
28TDYTeledyne Technologies INCStock-Tech0.77%—+64.01%
29NXENexgen Energy LTDStock-Other0.77%—+8.53%
30TDToronto-dominion BankStock-Financials0.76%—-28.85%
31LNGCheniere Energy INCStock-Energy0.75%+0.75%NEW
32EAElectronic Arts INCStock-Comm Services0.70%+0.70%NEW
33SIISprott INCStock-Other0.70%—-14.82%
34NINisource INCStock-Utilities0.67%+0.67%NEW
35AMEAmetek INCStock-Industrials0.63%—+65.05%
36BEPBrookfield Renewable Partners L.P.Stock-Other0.61%+0.61%NEW
37FIXComfort Systems USA INCStock-Industrials0.56%-0.83%-75.70%
38CPCanadian Pacific Kansas CityStock-Industrials0.56%—-30.60%
39DOOBrp Inc/ca- Sub VotingStock-Other0.52%—-42.55%
40RYRoyal Bank Of CanadaStock-Financials0.51%-1.28%-73.27%
41SXTSensient Technologies CORPStock-Materials0.50%—+3.02%
42IBITIshares Bitcoin Trust ETFETF-Crypto0.44%—+252.53%
43FXIIshares China Large-cap ETFETF-Emerging Markets0.41%——
44MODModine Manufacturing CoStock-Consumer Disc0.41%——
45AMATApplied Materials INCStock-Tech0.40%——
46XLESs Energy Select SectorETF-Other0.40%——
47RRXRegal Rexnord CORPStock-Industrials0.39%—+2049.86%
48ASAmer Sports, Inc.Stock-Consumer Disc0.39%——
49PWRQuanta Services INCStock-Industrials0.38%—-26.15%
50COPConocophillipsStock-Energy0.38%——
1–50 of 117

Holding changes this quarter

Waratah Capital Advisors Ltd.'s most significant position changes for 2026-03-31: New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Ishr Ibx Usd Invgd Cb Etf-ui (LQD); Sold out: Ishares Silver Trust (SLV); Sold out: Barrick Mining CORP (B).

Position changes disclosed by Waratah Capital Advisors Ltd. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1HYGIshr Ibx Usd Hiyld Cb Etf-ui+4.2%+61.62%Add
2DSGXDescartes Systems Grp/the+2.9%+969.11%Add
3IWMIshares Russell 2000 ETF+2.7%+497.83%Add
4AGIAlamos Gold Inc-class A+1.1%+46.59%Add
5NVTnVent Electric plc+1%+6502.67%Add
6SPXCSpx Technologies INC+1%+336.56%Add
7LULULululemon Athletica INC+0.9%+272.74%Add
8WELLWelltower INC+0.7%+96.76%Add
9CGAUCenterra Gold INC-0.3%-39.14%Trim
10KGCKinross Gold CORP-0.3%-29.45%Trim
11BGSITHE Boyd Group INC-0.4%-20.55%Trim
12IEXIdex CORP-0.5%-91.68%Trim
13CATCaterpillar INC-0.5%-93.31%Trim
14GILGildan Activewear INC-0.6%-67.93%Trim
15WCCWesco International INC-0.6%-97.87%Trim
16MTNVail Resorts INC-0.7%-73.58%Trim
17FIXComfort Systems USA INC-0.8%-75.70%Trim
18FNDFloor & Decor Holdings Inc-a-0.9%-97.82%Trim
19RYRoyal Bank Of Canada-1.3%-73.27%Trim
20ROPRoper Technologies INC-2.5%-95.00%Trim
21QQQInvesco Qqq Trust Series 1-3%-35.36%Trim
22GLDSpdr Gold Shares-17.9%-82.50%Trim
23TLTIshares 20+ Year Treasury Bd—NEWNew buy
24SPYSs Spdr S&p 500 ETF Trust-us—NEWNew buy
25LQDIshr Ibx Usd Invgd Cb Etf-ui—NEWNew buy
26SLVIshares Silver Trust—EXITSold out
27BBarrick Mining CORP—EXITSold out
28USOUnited States Oil Fund LP—EXITSold out
29EXKEndeavour Silver CORP—EXITSold out
30VZLAVizsla Silver CORP—EXITSold out
31AMZNAmazon.com INC—EXITSold out
32SUSuncor Energy INC—NEWNew buy
33DHRDanaher CORP—EXITSold out
34CMCan Imperial Bk Of Commerce—EXITSold out
35CVECenovus Energy INC—NEWNew buy
36RSPInvesco S&p 500 Equal Weight—EXITSold out
37EXEExpand Energy CORP—EXITSold out
38APHAmphenol Corp-cl A—EXITSold out
39ELSEquity Lifestyle Properties—EXITSold out
40ARAntero Resources CORP—EXITSold out
41LNGCheniere Energy INC—NEWNew buy
42AMLPAlerian Mlp ETF—EXITSold out
43EAElectronic Arts INC—NEWNew buy
44NINisource INC—NEWNew buy
45BROSDutch Bros Inc-class A—EXITSold out
46BEPBrookfield Renewable Partners L.P.—NEWNew buy
47ETHAIshares Ethereum Trust ETF—EXITSold out
48BACBank Of America CORP—EXITSold out
49CCJCameco CORP—EXITSold out
50CNQCanadian Natural Resources—EXITSold out

FAQ

What is Waratah Capital Advisors Ltd. and what type of investor is it?
Waratah Capital Advisors Ltd. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.6B, spread across 127 disclosed positions.
What are Waratah Capital Advisors Ltd.'s largest equity positions?
Based on the latest 13F filing, Waratah Capital Advisors Ltd.'s top holdings by market value are: 1. Ishares 20+ Year Treasury Bd (TLT) — $348.2M (13.3%) 2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $268.5M (10.2%) 3. Ishr Ibx Usd Hiyld Cb Etf-ui (HYG) — $249.0M (9.5%) 4. Invesco Qqq Trust Series 1 (QQQ) — $172.1M (6.5%) 5. Spdr Gold Shares (GLD) — $128.7M (4.9%)
What changes did Waratah Capital Advisors Ltd. make in its most recent portfolio filing?
In the latest reported quarter, Waratah Capital Advisors Ltd. made 50 notable position adjustments: 9 new positions were initiated, 8 existing holdings were added to, 14 positions were partially reduced, and 19 were completely exited. The largest of these moves: New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Ishr Ibx Usd Invgd Cb Etf-ui (LQD); Sold out: Ishares Silver Trust (SLV); Sold out: Barrick Mining CORP (B)
What sectors does Waratah Capital Advisors Ltd. focus on?
Waratah Capital Advisors Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 23.0% • Materials: 21.9% • Information Technology: 16.6% • Energy: 12.5% • Consumer Discretionary: 11.7% • Financials: 4.9%