Waratah Capital Advisors Ltd. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Waratah Capital Advisors Ltd. disclosed 104 US equity positions worth $1.3bn in its Q4 2025 13F filing. The largest position was KGC at 4.5% of the reported book, followed by CGAU and BGSI. Against the Q3 2025 filing, it opened 13 new positions, added to 25 and reduced 11 among the top 50 holdings.
What did Waratah Capital Advisors Ltd. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | KGC KINROSS GOLD CORP | Basic Materials | 4.5% | $59.6m | 2,114,712 | 13% | added |
| 2 | CGAU CENTERRA GOLD INC | Basic Materials | 4.0% | $53.2m | 3,703,468 | -47% | reduced |
| 3 | BGSI BOYD GROUP SERVICES INC | 3.5% | $46.5m | 291,886 | – | new | |
| 4 | B BARRICK MNG CORP | Basic Materials | 3.4% | $44.5m | 1,022,153 | 1944% | added |
| 5 | IAG IAMGOLD CORP | Basic Materials | 3.3% | $42.9m | 2,603,269 | 23% | added |
| 6 | AGI ALAMOS GOLD INC NEW | Basic Materials | 2.8% | $36.3m | 939,614 | – | new |
| 7 | SKE SKEENA RES LTD NEW | 2.8% | $36.2m | 1,526,799 | 24% | added | |
| 8 | EXK ENDEAVOUR SILVER CORP | Basic Materials | 2.7% | $35.1m | 3,737,025 | – | new |
| 9 | VZLA VIZSLA SILVER CORP | 2.6% | $34.7m | 6,343,121 | -3% | reduced | |
| 10 | AMZN AMAZON COM INC | Consumer Cyclical | 2.5% | $33.3m | 144,186 | – | new |
| 11 | DHR DANAHER CORPORATION | Healthcare | 2.5% | $32.3m | 141,082 | -30% | reduced |
| 12 | ROP ROPER TECHNOLOGIES INC | Technology | 2.2% | $28.7m | 64,540 | 66% | added |
| 13 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 2.2% | $28.3m | 166,852 | 0% | held |
| 14 | FIX COMFORT SYS USA INC | Industrials | 2.1% | $28.1m | 30,161 | 12% | added |
| 15 | TD TORONTO DOMINION BK ONT | Financial Services | 2.1% | $28.1m | 298,574 | 23% | added |
| 16 | CR CRANE COMPANY | Industrials | 2.1% | $27.6m | 149,641 | 657% | added |
| 17 | EXE EXPAND ENERGY CORPORATION | Energy | 2.0% | $26.2m | 237,000 | 64% | added |
| 18 | APH AMPHENOL CORP NEW | Technology | 1.9% | $24.8m | 183,546 | 159% | added |
| 19 | GIL GILDAN ACTIVEWEAR INC | Consumer Cyclical | 1.8% | $24.2m | 387,109 | 393% | added |
| 20 | DOO BRP INC | Consumer Cyclical | 1.8% | $23.6m | 332,953 | 129% | added |
| 21 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 1.6% | $21.7m | 355,818 | -38% | reduced |
| 22 | CW CURTISS WRIGHT CORP | Industrials | 1.6% | $21.3m | 38,688 | 256% | added |
| 23 | MTN VAIL RESORTS INC | Consumer Cyclical | 1.6% | $20.8m | 156,622 | -31% | reduced |
| 24 | AR ANTERO RESOURCES CORP | Energy | 1.5% | $20.3m | 590,000 | – | new |
| 25 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 1.5% | $19.9m | 270,599 | 149% | added |
| 26 | RY ROYAL BK CDA | Financial Services | 1.4% | $18.9m | 111,008 | 3% | added |
| 27 | WCC WESCO INTL INC | Industrials | 1.4% | $18.8m | 77,040 | – | new |
| 28 | CNI CANADIAN NATL RY CO | Industrials | 1.4% | $18.2m | 184,374 | – | new |
| 29 | CM CANADIAN IMPERIAL BANK OF CO | Financial Services | 1.4% | $18.2m | 200,809 | 80% | added |
| 30 | SN SHARKNINJA INC | Consumer Cyclical | 1.3% | $17.5m | 156,016 | -49% | reduced |
| 31 | CAT CATERPILLAR INC | Industrials | 1.3% | $16.5m | 28,811 | 13% | added |
| 32 | BROS DUTCH BROS INC | Consumer Cyclical | 1.2% | $16.1m | 262,741 | – | new |
| 33 | BAC BANK AMERICA CORP | Financial Services | 1.1% | $14.9m | 271,035 | 41% | added |
| 34 | SII SPROTT INC | Financial Services | 1.1% | $14.7m | 150,137 | 41% | added |
| 35 | WELL WELLTOWER INC | Real Estate | 1.1% | $14.4m | 77,730 | -8% | reduced |
| 36 | NXE NEXGEN ENERGY LTD | Energy | 1.1% | $14.1m | 1,535,236 | -56% | reduced |
| 37 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 1.1% | $13.9m | 22,274 | -42% | reduced |
| 38 | SXT SENSIENT TECHNOLOGIES CORP | Basic Materials | 1.0% | $13.7m | 146,311 | 84% | added |
| 39 | UAL UNITED AIRLS HLDGS INC | Industrials | 1.0% | $13.2m | 117,625 | 207% | added |
| 40 | CNQ CANADIAN NAT RES LTD | Energy | 1.0% | $13.0m | 383,028 | -49% | reduced |
| 41 | LULU LULULEMON ATHLETICA INC | Consumer Cyclical | 1.0% | $12.9m | 62,266 | – | new |
| 42 | MGA MAGNA INTL INC | Consumer Cyclical | 0.9% | $11.7m | 220,000 | 214% | added |
| 43 | FNV FRANCO NEV CORP | Basic Materials | 0.9% | $11.6m | 55,773 | 14% | added |
| 44 | OIH VANECK ETF TRUST | 0.8% | $10.5m | 37,000 | – | new | |
| 45 | FANG DIAMONDBACK ENERGY INC | Energy | 0.8% | $10.5m | 70,000 | – | new |
| 46 | PWR QUANTA SVCS INC | Industrials | 0.8% | $10.5m | 24,846 | 917% | added |
| 47 | TDY TELEDYNE TECHNOLOGIES INC | Technology | 0.8% | $10.5m | 20,471 | -75% | reduced |
| 48 | CHRW C H ROBINSON WORLDWIDE INC | Industrials | 0.8% | $9.9m | 61,767 | 125% | added |
| 49 | DSGX DESCARTES SYS GROUP INC | Technology | 0.7% | $9.8m | 111,259 | – | new |
| 50 | AME AMETEK INC | Industrials | 0.7% | $9.6m | 46,771 | – | 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.