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Asset Manager ← All Institutions

Waratah Capital Advisors Ltd.

Q4 2025 · Filed 2026-02-09
Market Value
$1.2B
-15.1%
Holdings
160
-13
New Purchases
30
Added To
30
Closed
62
Reduced
27
Top 10 Concentration
33.3%
Turnover
57.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
B 3.69% 0.12% +3.57% $45M
AGI 3.00% 0.00% +3.00% $36M
EXK 2.91% 0.00% +2.91% $35M
AMZN 2.76% 0.00% +2.76% $33M
CR 2.29% 0.26% +2.03% $28M
AR 1.69% 0.00% +1.69% $20M
GIL 2.00% 0.32% +1.68% $24M
KGC 4.94% 3.27% +1.67% $60M
IAG 3.56% 1.92% +1.64% $43M
WCC 1.56% 0.00% +1.56% $19M
CNI 1.51% 0.00% +1.51% $18M
APH 2.06% 0.62% +1.44% $25M
SKE.TO 3.00% 1.59% +1.41% $36M
CW 1.77% 0.41% +1.35% $21M
BROS 1.33% 0.00% +1.33% $16M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PAAS 0.66% 3.65% -2.99% $8M
EQX 0.00% 2.78% -2.78% $0
TDY 0.87% 3.41% -2.54% $10M
TT 0.00% 2.05% -2.05% $0
CVE 0.00% 2.01% -2.01% $0
LNG 0.00% 1.64% -1.64% $0
POOL 0.00% 1.57% -1.57% $0
RCI 0.00% 1.48% -1.48% $0
MKC 0.00% 1.48% -1.48% $0
ETR 0.00% 1.42% -1.42% $0
ELS 0.79% 2.05% -1.27% $9M
VST 0.00% 1.19% -1.19% $0
FND 1.80% 2.97% -1.17% $22M
CMG 0.00% 1.10% -1.10% $0
NXE 1.17% 2.17% -1.00% $14M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 19 $96M 7.9%
Large Cap 96 $721M 59.8%
Mid Cap 31 $359M 29.8%
Small Cap 10 $25M 2.1%
Micro Cap 4 $5M 0.4%

Portfolio Analytics

Avg Market Cap
$168.2B
Median Market Cap
$23.6B
Avg P/E
37.5
Median P/E
29.4
Avg Dividend Yield
0.01%
Avg Beta
1.18
# Stocks
154
# ETFs / Funds
6

Top Holdings (160 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KGC 4.94% 2,114,712 $60M $28.16 $13M +245,679 +13.1%
2 CGAU 4.41% 3,703,468 $53M $14.37 -$21M -3,250,939 -46.8%
3 B 3.69% 1,022,153 $45M $43.55 $43M +972,153 +1944.3%
4 IAG 3.56% 2,603,269 $43M $16.49 $16M +489,711 +23.2%
5 AGI 3.00% 939,614 $36M $38.58 +939,614 NEW
6 SKE.TO 3.00% 1,526,799 $36M $23.73 $14M +298,899 +24.3%
7 EXK 2.91% 3,737,025 $35M $9.40 +3,737,025 NEW
8 AMZN 2.76% 144,186 $33M $230.82 +144,186 NEW
9 DHR 2.68% 141,082 $32M $228.92 -$8M -60,496 -30.0%
10 ROP 2.38% 64,540 $29M $445.13 $9M +25,648 +66.0%
11 AEM 2.34% 166,852 $28M $169.53 $162K
12 FIX 2.33% 30,161 $28M $933.29 $6M +3,309 +12.3%
13 TD 2.33% 298,574 $28M $94.20 $9M +56,648 +23.4%
14 CR 2.29% 149,641 $28M $184.43 $24M +129,873 +657.0%
15 EXE 2.17% 237,000 $26M $110.36 $11M +92,604 +64.1%
16 APH 2.06% 183,546 $25M $135.14 $16M +112,612 +158.8%
17 GIL 2.00% 387,109 $24M $62.46 $20M +308,622 +393.2%
18 DOOO 1.95% 332,953 $24M $70.76 $15M +187,625 +129.1%
19 FND 1.80% 355,818 $22M $60.89 -$21M -216,983 -37.9%
20 CW 1.77% 38,688 $21M $551.27 $15M +27,830 +256.3%
21 MTN 1.72% 156,622 $21M $132.80 -$13M -71,766 -31.4%
22 AR 1.69% 590,000 $20M $34.46 +590,000 NEW
23 RY 1.57% 111,008 $19M $170.49 $3M +3,420 +3.2%
24 WCC 1.56% 77,040 $19M $244.64 +77,040 NEW
25 CNI 1.51% 184,374 $18M $98.85 +184,374 NEW
26 CM 1.51% 200,809 $18M $90.61 $9M +89,000 +79.6%
27 SN 1.45% 156,016 $17M $111.90 -$14M -150,117 -49.0%
28 CAT 1.37% 28,811 $17M $572.87 $4M +3,227 +12.6%
29 BROS 1.33% 262,741 $16M $61.22 +262,741 NEW
30 BAC 1.24% 271,035 $15M $55.00 $5M +79,354 +41.4%
31 SII 1.22% 150,137 $15M $97.92 $6M +43,678 +41.0%
32 WELL 1.20% 77,730 $14M $185.61 -$685K -7,107 -8.4%
33 NXE 1.17% 1,535,236 $14M $9.20 -$17M -1,918,093 -55.5%
34 MLM 1.15% 22,274 $14M $622.66 -$11M -16,407 -42.4%
35 SXT 1.14% 146,311 $14M $93.95 $6M +66,825 +84.1%
36 UAL 1.09% 117,625 $13M $111.82 $9M +79,265 +206.6%
37 CNQ 1.07% 383,028 $13M $33.85 -$11M -374,000 -49.4%
38 LULU 1.07% 62,266 $13M $207.81 +62,266 NEW
39 MGA 0.97% 220,000 $12M $53.30 $8M +150,000 +214.3%
40 FNV 0.96% 55,773 $12M $207.28 $648K +6,817 +13.9%
41 OIH 0.87% 37,000 $11M $284.77 +37,000 NEW
42 FANG 0.87% 70,000 $11M $150.33 +70,000 NEW
43 PWR 0.87% 24,846 $10M $422.06 $9M +22,404 +917.4%
44 TDY 0.87% 20,471 $10M $510.73 -$38M -62,125 -75.2%
45 CHRW 0.82% 61,767 $10M $160.76 $6M +34,255 +124.5%
46 DSGX 0.81% 111,259 $10M $87.66 +111,259 NEW
47 AME 0.80% 46,771 $10M $205.31 +46,771 NEW
48 CAE 0.79% 312,748 $10M $30.42 +312,748 NEW
49 ELS 0.79% 156,639 $9M $60.61 -$20M -323,933 -67.4%
50 ODFL 0.76% 58,736 $9M $156.80 +58,736 NEW
51 EVR 0.76% 27,010 $9M $340.25 $6M +16,109 +147.8%
52 STE 0.71% 33,628 $9M $253.52 +33,628 NEW
53 PAAS 0.66% 154,335 $8M $51.81 -$44M -1,186,507 -88.5%
54 SPXC 0.59% 35,649 $7M $200.06 $424K -265 -0.7%
55 STN 0.50% 64,541 $6M $94.36 -$1M -1,551 -2.4%
56 BRK-B 0.48% 11,640 $6M $502.65 +11,640 NEW
57 ANET 0.48% 44,500 $6M $131.03 -$13M -81,992 -64.8%
58 AVGO 0.46% 15,911 $6M $346.10 -$10M -31,896 -66.7%
59 ALB 0.43% 37,011 $5M $141.44 +37,011 NEW
60 GD 0.43% 15,254 $5M $336.66 +15,254 NEW
61 FSV 0.41% 31,677 $5M $155.53 -$1M
62 ULS 0.40% 61,827 $5M $78.86 +61,827 NEW
63 IEX 0.37% 25,308 $5M $177.94 +25,308 NEW
64 SGML 0.32% 296,330 $4M $13.19 $2M
65 LGN 0.31% 85,602 $4M $43.04 +85,602 NEW
66 SILJ 0.30% 131,400 $4M $27.67 +131,400 NEW
67 HST 0.29% 196,133 $3M $17.73 +196,133 NEW
68 CEPT 0.29% 307,474 $3M $11.26 +307,474 NEW
69 BMO 0.28% 25,894 $3M $129.79 -$8M -64,654 -71.4%
70 TVA 0.27% 303,607 $3M $10.65 +303,607 NEW
71 ATLX 0.26% 749,217 $3M $4.23 $1M +300,000 +66.8%
72 VICR 0.26% 28,798 $3M $109.60 +28,798 NEW
73 CIGI 0.25% 20,108 $3M $147.01 -$185K
74 HCC 0.17% 23,774 $2M $88.17 -$2M -33,588 -58.5%
75 GLW 0.15% 20,962 $2M $87.56 -$5M -57,072 -73.1%
76 AEXA 0.15% 160,124 $2M $11.39 $649K +52,604 +48.9%
77 PLD 0.14% 13,187 $2M $127.66 -$14M -120,072 -90.1%
78 CMI 0.14% 3,279 $2M $510.45 -$10M -24,740 -88.3%
79 TGT 0.14% 17,027 $2M $97.75 +17,027 NEW
80 CEPF 0.12% 143,442 $1M $10.28 $19K +558 +0.4%
81 DAAQU 0.12% 142,881 $1M $10.16 $1K +557 +0.4%
82 FOXA 0.12% 19,474 $1M $73.07 -$8M -122,552 -86.3%
83 VHCPU 0.08% 100,000 $1M $10.02 +100,000 NEW
84 ADI 0.06% 2,748 $745K $271.20 +2,748 NEW
85 IDXX 0.06% 1,034 $700K $676.53 $39K
86 PSLV 0.05% 27,777 $657K $23.65 $221K
87 TER 0.05% 3,135 $607K $193.56 $175K
88 NVDA 0.04% 2,302 $429K $186.50 -$4M -20,337 -89.8%
89 FLEX 0.03% 6,917 $418K $60.42 $17K
90 RBC 0.03% 924 $414K $448.43 $54K
91 KOID 0.03% 12,525 $399K $31.85 -$3K
92 RRX 0.03% 2,565 $360K $140.32 $10K +128 +5.2%
93 AIT 0.03% 1,385 $356K $256.77 -$6K
94 SHW 0.03% 1,072 $347K $324.03 -$2M -4,341 -80.2%
95 JPM 0.03% 1,071 $345K $322.22 -$12M -38,044 -97.3%
96 NVT 0.03% 3,300 $337K $101.97 -$10M -105,840 -97.0%
97 XPO 0.03% 2,433 $331K $135.91 -$13M -100,920 -97.7%
98 CEPV 0.01% 10,000 $102K $10.25 +10,000 NEW
99 KKR —% -$3M -20,000 -100.0% SOLD
100 SLF —% -$6M -96,701 -100.0% SOLD

Options Breakdown

55 Calls $592M Call Value 23 Puts $1.1B Put Value 1.8 P/C Ratio

Top Calls

SymbolSharesValueStatus
GLD 460,000 $182M
ROP 107,300 $48M NEW
RY 200,000 $34M NEW
RSP 150,000 $29M
B 644,500 $28M NEW
AMLP 400,000 $19M NEW
SLV 264,200 $17M
ETHA 700,000 $16M NEW
USO 200,000 $14M
CCJ 150,000 $14M NEW

Top Puts

SymbolSharesValueStatus
GLD 1,248,200 $495M
QQQ 461,200 $283M
HYG 1,936,600 $156M
SLV 904,000 $58M
USO 310,000 $21M NEW
FIX 14,000 $13M NEW
GOOGL 40,000 $13M NEW
JBHT 50,000 $10M NEW
GDX 100,000 $9M
GDXJ 50,000 $6M

New Positions

SymbolValue% Port
AGI $36M 3.00%
EXK $35M 2.91%
AMZN $33M 2.76%
AR $20M 1.69%
WCC $19M 1.56%
CNI $18M 1.51%
BROS $16M 1.33%
LULU $13M 1.07%
OIH $11M 0.87%
FANG $11M 0.87%
DSGX $10M 0.81%
AME $10M 0.80%
CAE $10M 0.79%
ODFL $9M 0.76%
STE $9M 0.71%

Sold Out Positions

SymbolValue% Port
T —%
CVX —%
LYV —%
CDE —%
LHX —%
CMG —%
BC —%
CVE —%
SPOT —%
HD —%
BLDR —%
DVN —%
BBY —%
VST —%
GEV —%
View SEC EDGAR Filings for Waratah Capital Advisors Ltd. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms