Waratah Capital Advisors Ltd.

Q3 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
183
Total value ($000)
$5,661,304
Net value change ($000)
+1,902,578 (50.6%)
New positions
62
Sold out positions
45
Turnover %
44.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/11/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TDY 43,649 917.8%
EQX 37,085 1496.0%
PAAS 34,095 191.2%
CVE 28,515 NEW
CGAU 26,466 55.0%
TT 25,655 743.0%
IAG 25,460 1363.0%
RCI 21,003 NEW
ETR 20,183 NEW
POOL 18,554 496.5%
Top Reduces (Value $000, Stocks/ETFs)
NVDA -54,867 -92.9%
STN -37,488 -84.0%
HBM -37,372 -100.0%
MSFT -34,589 -97.7%
PG -24,233 -100.0%
META -23,587 -91.9%
TRI -21,919 -81.5%
CNQ -19,689 -44.9%
JCI -19,425 -83.4%
BR -19,368 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 4,190,738 (74.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type