Waratah Capital Advisors Ltd.

Q4 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
151
Total value ($000)
$2,970,402
Net value change ($000)
-2,690,902 (-47.5%)
New positions
31
Sold out positions
65
Turnover %
64.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
BGSI 46,497 NEW
B 42,876 2616.0%
AGI 36,250 NEW
EXK 35,128 NEW
AMZN 33,281 NEW
CR 23,958 658.2%
AR 20,331 NEW
GIL 19,642 432.9%
WCC 18,847 NEW
CNI 18,225 NEW
Top Reduces (Value $000, Stocks/ETFs)
PAAS -43,935 -84.6%
EQX -39,564 -100.0%
TDY -37,950 -78.4%
TT -29,108 -100.0%
CVE -28,515 -100.0%
LNG -23,373 -100.0%
POOL -22,291 -100.0%
CGAU -21,402 -28.7%
RCI -21,003 -100.0%
MKC -20,972 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,655,287 (55.7% 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