Waratah Capital Advisors Ltd. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Waratah Capital Advisors Ltd. disclosed 138 US equity positions worth $1.5bn in its Q3 2025 13F filing. The largest position was CGAU at 5.1% of the reported book, followed by PAAS and TDY. Against the Q2 2025 filing, it opened 14 new positions, added to 22 and reduced 13 among the top 50 holdings.
What did Waratah Capital Advisors Ltd. own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CGAU CENTERRA GOLD INC | Basic Materials | 5.1% | $74.6m | 6,954,407 | 4% | added |
| 2 | PAAS PAN AMERN SILVER CORP | Basic Materials | 3.5% | $51.9m | 1,340,842 | 114% | added |
| 3 | TDY TELEDYNE TECHNOLOGIES INC | Technology | 3.3% | $48.4m | 82,596 | 790% | added |
| 4 | KGC KINROSS GOLD CORP | Basic Materials | 3.2% | $46.4m | 1,869,033 | -9% | reduced |
| 5 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 2.9% | $42.2m | 572,801 | 32% | added |
| 6 | DHR DANAHER CORPORATION | Healthcare | 2.7% | $40.0m | 201,578 | 56% | added |
| 7 | EQX EQUINOX GOLD CORP | Basic Materials | 2.7% | $39.6m | 3,526,159 | 718% | added |
| 8 | MTN VAIL RESORTS INC | Consumer Cyclical | 2.3% | $34.2m | 228,388 | 32% | added |
| 9 | SN SHARKNINJA INC | Consumer Cyclical | 2.1% | $31.6m | 306,133 | 84% | added |
| 10 | NXE NEXGEN ENERGY LTD | Energy | 2.1% | $30.9m | 3,453,329 | -2% | reduced |
| 11 | ELS EQUITY LIFESTYLE PPTYS INC | Real Estate | 2.0% | $29.2m | 480,572 | 73% | added |
| 12 | TT TRANE TECHNOLOGIES PLC | Industrials | 2.0% | $29.1m | 68,982 | 774% | added |
| 13 | CVE CENOVUS ENERGY INC | Energy | 1.9% | $28.5m | 1,678,336 | – | new |
| 14 | VZLA VIZSLA SILVER CORP | 1.9% | $28.3m | 6,554,415 | 26% | added | |
| 15 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 1.9% | $28.1m | 166,852 | -38% | reduced |
| 16 | IAG IAMGOLD CORP | Basic Materials | 1.9% | $27.3m | 2,113,558 | 732% | added |
| 17 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 1.7% | $24.4m | 38,681 | -12% | reduced |
| 18 | CNQ CANADIAN NAT RES LTD | Energy | 1.6% | $24.2m | 757,028 | -46% | reduced |
| 19 | LNG CHENIERE ENERGY INC | Energy | 1.6% | $23.4m | 99,468 | -33% | reduced |
| 20 | SKE SKEENA RES LTD NEW | 1.5% | $22.6m | 1,227,900 | 115% | added | |
| 21 | POOL POOL CORP | Industrials | 1.5% | $22.3m | 71,891 | 461% | added |
| 22 | FIX COMFORT SYS USA INC | Industrials | 1.5% | $22.2m | 26,852 | -39% | reduced |
| 23 | RCI ROGERS COMMUNICATIONS INC | Communication Services | 1.4% | $21.0m | 609,300 | – | new |
| 24 | MKC MCCORMICK & CO INC | Consumer Defensive | 1.4% | $21.0m | 313,439 | 147% | added |
| 25 | ETR ENTERGY CORP NEW | Utilities | 1.4% | $20.2m | 216,584 | – | new |
| 26 | ROP ROPER TECHNOLOGIES INC | Technology | 1.3% | $19.4m | 38,892 | 14% | added |
| 27 | TD TORONTO DOMINION BK ONT | Financial Services | 1.3% | $19.3m | 241,926 | 85% | added |
| 28 | ANET ARISTA NETWORKS INC | Technology | 1.3% | $18.4m | 126,492 | – | new |
| 29 | VST VISTRA CORP | Utilities | 1.2% | $17.0m | 86,521 | 34% | added |
| 30 | RY ROYAL BK CDA | Financial Services | 1.1% | $15.8m | 107,588 | 21% | added |
| 31 | AVGO BROADCOM INC | Technology | 1.1% | $15.8m | 47,807 | – | new |
| 32 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 1.1% | $15.6m | 398,934 | -18% | reduced |
| 33 | EXE EXPAND ENERGY CORPORATION | Energy | 1.0% | $15.3m | 144,396 | -20% | reduced |
| 34 | PLD PROLOGIS INC. | Real Estate | 1.0% | $15.3m | 133,259 | 79% | added |
| 35 | WELL WELLTOWER INC | Real Estate | 1.0% | $15.1m | 84,837 | -38% | reduced |
| 36 | VRT VERTIV HOLDINGS CO | Industrials | 0.9% | $13.6m | 90,341 | – | new |
| 37 | XPO XPO INC | Industrials | 0.9% | $13.4m | 103,353 | -25% | reduced |
| 38 | ORLA MNG LTD NEW | 0.9% | $12.6m | 1,170,554 | – | new | |
| 39 | CEG CONSTELLATION ENERGY CORP | Utilities | 0.9% | $12.6m | 38,143 | -27% | reduced |
| 40 | JPM JPMORGAN CHASE & CO. | Financial Services | 0.8% | $12.3m | 39,115 | 7% | added |
| 41 | CAT CATERPILLAR INC | Industrials | 0.8% | $12.2m | 25,584 | – | new |
| 42 | SUI SUN CMNTYS INC | Real Estate | 0.8% | $12.1m | 94,028 | -27% | reduced |
| 43 | CMI CUMMINS INC | Industrials | 0.8% | $11.8m | 28,019 | – | new |
| 44 | BMO BANK MONTREAL QUE | Financial Services | 0.8% | $11.8m | 90,548 | – | new |
| 45 | BTG B2GOLD CORP | Basic Materials | 0.8% | $11.1m | 2,250,259 | 459% | added |
| 46 | FNV FRANCO NEV CORP | Basic Materials | 0.7% | $10.9m | 48,956 | 0% | held |
| 47 | DVN DEVON ENERGY CORP NEW | Energy | 0.7% | $10.8m | 308,207 | – | new |
| 48 | NVT NVENT ELECTRIC PLC | Industrials | 0.7% | $10.8m | 109,140 | – | new |
| 49 | TLN TALEN ENERGY CORP | Utilities | 0.7% | $10.8m | 25,294 | – | new |
| 50 | BAC BANK AMERICA CORP | Financial Services | 0.7% | $9.9m | 191,681 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.