Q3 2025 · 13F-HR
Waratah Capital Advisors Ltd.holdings as filed
Filed 2025-11-10 · accession 0002060757-25-000005
$5.66B
Reported value
183
Positions
2025-09-30
Period end
The Brief · Waratah Capital Advisors Ltd. · Q3 2025
AI · grounded in 13F
Waratah Capital Advisors Ltd. initiated a new position in QQQ valued at $1.37B. The fund also established new holdings in GLD for $1.17B and HYG for $350M. Additional new positions include GDX at $293M and TLT at $277M. Total assets under management stand at $5.66B across 158 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46090E103 | QQQ | INVESCO QQQ TR | $1.37B | 24.2% | 2,279,300 | PUT | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $1.01B | 17.8% | 2,827,400 | PUT | SOLE |
| 464288513 | HYG | ISHARES TR | $349.9M | 6.18% | 4,310,000 | PUT | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $292.8M | 5.17% | 3,832,700 | PUT | SOLE |
| 464287432 | TLT | ISHARES TR | $277.1M | 4.89% | 3,100,200 | CALL | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $168.5M | 2.98% | 474,000 | CALL | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $119.5M | 2.11% | 1,370,000 | CALL | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $104.3M | 1.84% | 550,000 | CALL | SOLE |
| 152006102 | CGAU | CENTERRA GOLD INC | $74.6M | 1.32% | 6,954,407 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $67.6M | 1.19% | 279,200 | PUT | SOLE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $51.9M | 0.92% | 1,340,842 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $50.0M | 0.88% | 1,450,000 | CALL | SOLE |
| 879360105 | TDY | TELEDYNE TECHNOLOGIES INC | $48.4M | 0.86% | 82,596 | Common | SOLE |
| 496902404 | KGC | KINROSS GOLD CORP | $46.4M | 0.82% | 1,869,033 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $44.2M | 0.78% | 1,042,500 | CALL | SOLE |
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $42.2M | 0.75% | 572,801 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $40.0M | 0.71% | 201,578 | Common | SOLE |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $39.6M | 0.70% | 3,526,159 | Common | SOLE |
| 91879Q109 | MTN | VAIL RESORTS INC | $34.2M | 0.60% | 228,388 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $31.6M | 0.56% | 306,133 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $30.9M | 0.55% | 3,453,329 | Common | SOLE |
| 29472R108 | ELS | EQUITY LIFESTYLE PPTYS INC | $29.2M | 0.52% | 480,572 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $29.1M | 0.51% | 68,982 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $28.5M | 0.50% | 1,678,336 | Common | SOLE |
| 92859G608 | VZLA | VIZSLA SILVER CORP | $28.3M | 0.50% | 6,554,415 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $28.1M | 0.50% | 166,852 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $27.3M | 0.48% | 2,113,558 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $24.4M | 0.43% | 38,681 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $24.2M | 0.43% | 757,028 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $24.0M | 0.42% | 25,900 | PUT | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $23.4M | 0.41% | 99,468 | Common | SOLE |
| 83056P715 | SKE | SKEENA RES LTD NEW | $22.6M | 0.40% | 1,227,900 | Common | SOLE |
| 73278L105 | POOL | POOL CORP | $22.3M | 0.39% | 71,891 | Common | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $22.2M | 0.39% | 26,852 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $21.0M | 0.37% | 609,300 | Common | SOLE |
| 579780206 | MKC | MCCORMICK & CO INC | $21.0M | 0.37% | 313,439 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $20.7M | 0.37% | 40,000 | CALL | SOLE |
| 29364G103 | ETR | ENTERGY CORP NEW | $20.2M | 0.36% | 216,584 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $19.4M | 0.34% | 38,892 | Common | SOLE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $19.3M | 0.34% | 241,926 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $19.0M | 0.34% | 300,000 | CALL | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $18.4M | 0.33% | 126,492 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $18.3M | 0.32% | 400,000 | CALL | SOLE |
| 172908105 | CTAS | CINTAS CORP | $17.2M | 0.30% | 84,000 | PUT | SOLE |
| 92840M102 | VST | VISTRA CORP | $17.0M | 0.30% | 86,521 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $15.8M | 0.28% | 107,588 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $15.8M | 0.28% | 47,807 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $15.7M | 0.28% | 400,000 | CALL | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $15.6M | 0.28% | 398,934 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $15.3M | 0.27% | 144,396 | Common | SOLE |
| 74340W103 | PLD | PROLOGIS INC. | $15.3M | 0.27% | 133,259 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC | $15.1M | 0.27% | 84,837 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $13.6M | 0.24% | 90,341 | Common | SOLE |
| 983793100 | XPO | XPO INC | $13.4M | 0.24% | 103,353 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $12.7M | 0.22% | 200,000 | PUT | SOLE |
| 68634K106 | ORLA | ORLA MNG LTD NEW | $12.6M | 0.22% | 1,170,554 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $12.6M | 0.22% | 100,000 | CALL | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $12.6M | 0.22% | 300,000 | CALL | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $12.6M | 0.22% | 38,143 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $12.3M | 0.22% | 39,115 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $12.2M | 0.22% | 25,584 | Common | SOLE |
| 866674104 | SUI | SUN CMNTYS INC | $12.1M | 0.21% | 94,028 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $11.8M | 0.21% | 28,019 | Common | SOLE |
| 063671101 | BMO | BANK MONTREAL QUE | $11.8M | 0.21% | 90,548 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $11.7M | 0.21% | 180,500 | CALL | SOLE |
| 464287515 | IGV | ISHARES TR | $11.5M | 0.20% | 100,000 | PUT | SOLE |
| 78464A714 | XRT | SPDR SERIES TRUST | $11.2M | 0.20% | 130,000 | PUT | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $11.2M | 0.20% | 235,500 | CALL | SOLE |
| 11777Q209 | BTG | B2GOLD CORP | $11.1M | 0.20% | 2,250,259 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $10.9M | 0.19% | 75,000 | PUT | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $10.9M | 0.19% | 48,956 | Common | SOLE |
| 25179M103 | DVN | DEVON ENERGY CORP NEW | $10.8M | 0.19% | 308,207 | Common | SOLE |
| G6700G107 | NVT | NVENT ELECTRIC PLC | $10.8M | 0.19% | 109,140 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $10.8M | 0.19% | 25,294 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $10.6M | 0.19% | 100,000 | CALL | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $10.0M | 0.18% | 60,000 | PUT | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $9.9M | 0.17% | 30,000 | PUT | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $9.9M | 0.17% | 191,681 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $9.9M | 0.17% | 45,000 | CALL | SOLE |
| 192108504 | CDE | COEUR MNG INC | $9.9M | 0.17% | 525,785 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $9.9M | 0.17% | 14,800 | PUT | SOLE |
| 29084Q100 | EME | EMCOR GROUP INC | $9.6M | 0.17% | 14,822 | Common | SOLE |
| 453038408 | IMO | IMPERIAL OIL LTD | $9.1M | 0.16% | 100,000 | Common | SOLE |
| 35137L105 | FOXA | FOX CORP | $9.0M | 0.16% | 142,026 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $9.0M | 0.16% | 22,095 | Common | SOLE |
| 136069101 | CM | CANADIAN IMPERIAL BANK OF CO | $8.9M | 0.16% | 111,809 | Common | SOLE |
| 852066208 | SII | SPROTT INC | $8.9M | 0.16% | 106,459 | Common | SOLE |
| 05577W200 | DOO | BRP INC | $8.8M | 0.16% | 145,328 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $8.8M | 0.16% | 70,934 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $8.7M | 0.15% | 25,000 | CALL | SOLE |
| 74340W103 | PLD | PROLOGIS INC. | $8.6M | 0.15% | 75,000 | CALL | SOLE |
| 23345M107 | DTM | DT MIDSTREAM INC | $8.5M | 0.15% | 75,000 | Common | SOLE |
| 00206R102 | T | AT&T INC | $8.5M | 0.15% | 300,000 | CALL | SOLE |
| 00206R102 | T | AT&T INC | $8.3M | 0.15% | 293,201 | Common | SOLE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $8.1M | 0.14% | 108,819 | Common | SOLE |
| 194693107 | CIGI | COLLIERS INTL GROUP INC | $7.8M | 0.14% | 50,000 | CALL | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $7.6M | 0.13% | 180,000 | PUT | SOLE |
| 81725T100 | SXT | SENSIENT TECHNOLOGIES CORP | $7.5M | 0.13% | 79,486 | Common | SOLE |
| 91232N207 | USO | UNITED STS OIL FD LP | $7.4M | 0.13% | 100,000 | CALL | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $7.4M | 0.13% | 10,531 | Common | SOLE |
| 85472N109 | STN | STANTEC INC | $7.1M | 0.13% | 66,092 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $7.0M | 0.12% | 25,000 | CALL | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $7.0M | 0.12% | 45,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $6.7M | 0.12% | 36,000 | PUT | SOLE |
| 78473E103 | SPXC | SPX TECHNOLOGIES INC | $6.7M | 0.12% | 35,914 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $6.4M | 0.11% | 78,034 | Common | SOLE |
| 87971M103 | TU | TELUS CORPORATION | $6.3M | 0.11% | 396,669 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $6.2M | 0.11% | 33,392 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $6.1M | 0.11% | 150,109 | Common | SOLE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $6.0M | 0.11% | 31,677 | Common | SOLE |
| 231561101 | CW | CURTISS WRIGHT CORP | $5.9M | 0.10% | 10,858 | Common | SOLE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $5.8M | 0.10% | 96,701 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $5.4M | 0.10% | 83,529 | Common | SOLE |
| 25179M103 | DVN | DEVON ENERGY CORP NEW | $5.3M | 0.09% | 150,000 | CALL | SOLE |
| 884903808 | TRI4EUR | THOMSON REUTERS CORP | $5.0M | 0.09% | 32,130 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $5.0M | 0.09% | 50,000 | PUT | SOLE |
| 81282V100 | PRKS | UNITED PARKS & RESORTS INC | $4.8M | 0.08% | 92,022 | Common | SOLE |
| 89346D107 | TAC | TRANSALTA CORP | $4.6M | 0.08% | 334,994 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $4.5M | 0.08% | 78,487 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $4.5M | 0.08% | 25,087 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $4.2M | 0.07% | 22,639 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $4.0M | 0.07% | 120,500 | CALL | SOLE |
| G51502105 | JCI | JOHNSON CTLS INTL PLC | $3.9M | 0.07% | 35,238 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $3.8M | 0.07% | 37,924 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $3.8M | 0.07% | 30,230 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $3.8M | 0.07% | 23,106 | Common | SOLE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC | $3.7M | 0.07% | 38,360 | Common | SOLE |
| 29977A105 | EVR | EVERCORE INC | $3.7M | 0.06% | 10,901 | Common | SOLE |
| 93627C101 | HCC | WARRIOR MET COAL INC | $3.7M | 0.06% | 57,362 | Common | SOLE |
| 12541W209 | CHRW | C H ROBINSON WORLDWIDE INC | $3.6M | 0.06% | 27,512 | Common | SOLE |
| 224408104 | CR | CRANE COMPANY | $3.6M | 0.06% | 19,768 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $3.6M | 0.06% | 9,706 | Common | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $3.3M | 0.06% | 70,000 | Common | SOLE |
| G43658106 | IMSR | HCM II ACQUISITION CORP | $3.3M | 0.06% | 198,188 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $3.2M | 0.06% | 18,835 | Common | SOLE |
| 194693107 | CIGI | COLLIERS INTL GROUP INC | $3.1M | 0.06% | 20,108 | Common | SOLE |
| 086516101 | BBY | BEST BUY INC | $3.0M | 0.05% | 40,090 | Common | SOLE |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $3.0M | 0.05% | 233,975 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $2.6M | 0.05% | 40,000 | PUT | SOLE |
| 48251W104 | KKR | KKR & CO INC | $2.6M | 0.05% | 20,000 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $2.6M | 0.05% | 20,000 | CALL | SOLE |
| 502431109 | LHX | L3HARRIS TECHNOLOGIES INC | $2.2M | 0.04% | 7,114 | Common | SOLE |
| 105861306 | ATLX | ATLAS LITHIUM CORP | $2.1M | 0.04% | 449,217 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.1M | 0.04% | 2,839 | Common | SOLE |
| 826599102 | SGML | SIGMA LITHIUM CORPORATION | $1.9M | 0.03% | 296,330 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N V | $1.9M | 0.03% | 3,909 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $1.9M | 0.03% | 22,467 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $1.9M | 0.03% | 5,413 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $1.8M | 0.03% | 177,756 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $1.6M | 0.03% | 50,000 | Common | SOLE |
| G4365E129 | HCMAU | HCM III ACQUISITION CORP | $1.5M | 0.03% | 143,164 | Common | SOLE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $1.5M | 0.03% | 141,907 | Common | SOLE |
| G2003N105 | BEAG | BOLD EAGLE ACQUISITION CORP | $1.5M | 0.03% | 139,993 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $1.5M | 0.03% | 142,884 | Common | SOLE |
| G2868C103 | DAAQ | DIGITAL ASSET ACQUISITION CO | $1.5M | 0.03% | 142,324 | Common | SOLE |
| 89346D107 | TAC | TRANSALTA CORP | $1.4M | 0.02% | 100,000 | CALL | SOLE |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM ACQU ORD | $1.2M | 0.02% | 107,520 | Common | SOLE |
| 889478103 | TOL | TOLL BROTHERS INC | $1.1M | 0.02% | 8,195 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $1.0M | 0.02% | 2,442 | Common | SOLE |
| G7309T128 | PAII/U | PYROPHYTE ACQUISITION CORP. | $979,267 | 0.02% | 96,670 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $804,894 | 0.01% | 1,554 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $756,024 | 0.01% | 1,700 | PUT | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $755,978 | 0.01% | 2,240 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $735,799 | 0.01% | 11,624 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $730,774 | 0.01% | 6,027 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $660,612 | 0.01% | 1,034 | Common | SOLE |
| 03062D803 | USAS | AMERICAS GOLD AND SILVER COR | $645,453 | 0.01% | 173,509 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $436,099 | 0.01% | 27,777 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $431,501 | 0.01% | 3,135 | Common | SOLE |
| 500767751 | KOID | KRANESHARES TRUST | $401,802 | 0.01% | 12,525 | Common | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $400,978 | 0.01% | 6,917 | Common | SOLE |
| 117043109 | BC | BRUNSWICK CORP | $375,329 | 0.01% | 5,935 | Common | SOLE |
| 002896207 | ANF | ABERCROMBIE & FITCH CO | $366,924 | 0.01% | 4,289 | Common | SOLE |
| 03820C105 | AIT | APPLIED INDL TECHNOLOGIES IN | $361,554 | 0.01% | 1,385 | Common | SOLE |
| 75524B104 | RBC | RBC BEARINGS INC | $360,628 | 0.01% | 924 | Common | SOLE |
| 758750103 | RRX | REGAL REXNORD CORPORATION | $349,563 | 0.01% | 2,437 | Common | SOLE |
| G8060N102 | ST | SENSATA TECHNOLOGIES HLDG PL | $340,877 | 0.01% | 11,158 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $331,796 | 0.01% | 1,983 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $221,364 | 0.00% | 360 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $219,873 | 0.00% | 306 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $210,955 | 0.00% | 1,879 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $188,752 | 0.00% | 5,626 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $70,310 | 0.00% | 250 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.