AI Portfolio Summary
In 2025 Q4, Waratah Capital Advisors Ltd. maintained a portfolio of 247 distinct positions. The most significant new addition to the portfolio was ROPER TECHNOLOGIES I, which now represents 1.61% of the total fund value. They heavily accumulated shares in KINROSS GOLD CORP, increasing their position by 13.1%. The fund also reduced its exposure to INVESCO QQQ TR by 79.8%.
Total Positions
247
Quarter
2025 Q4
Top Holding
GLD (16.7%)
Top 10 Concentration
48.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 247
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
GLD
PUT
SPDR GOLD TR
|
PUT Option | 16.65% | 17.75% |
#1
1
Prev: #2
|
6.0 | -1,579,200 | -55.9% |
P
S
|
1,248,200 | $494,674,142 | 2018 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
QQQ
PUT
INVESCO QQQ TR
|
PUT Option | 9.54% | 24.17% |
#2
1
Prev: #1
|
5.3 | -1,818,100 | -79.8% |
P
S
|
461,200 | $283,319,772 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLD
CALL
SPDR GOLD TR
|
CALL Option | 6.14% | 2.98% |
#3
3
Prev: #6
|
4.0 | -14,000 | -3.0% |
P
S
|
460,000 | $182,302,600 | 2018 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HYG
PUT
ISHARES TR
|
PUT Option | 5.26% | 6.18% |
#4
1
Prev: #3
|
2.6 | -2,373,400 | -55.1% |
P
S
|
1,936,600 | $156,148,058 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KGC
KINROSS GOLD CO...
|
Basic Materials | 2.00% | 0.82% |
#5
9
Prev: #14
|
3.3 | 245,679 | 13.1% |
P
S
|
2,114,712 | $59,550,290 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SLV
PUT
ISHARES SILVER ...
|
PUT Option | 1.96% | 0.13% |
#6
91
Prev: #97
|
3.8 | 724,000 | 402.2% |
P
S
|
904,000 | $58,235,680 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CGAU
CENTERRA GOLD I...
|
Basic Materials | 1.79% | 1.32% |
#7
2
Prev: #9
|
0.7 | -3,250,939 | -46.7% |
P
S
|
3,703,468 | $53,218,835 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ROP
CALL
ROPER TECHNOLOG...
|
CALL Option | 1.61% | — |
#8
Prev: #—
|
4.1 | 107,300 | no change |
NEW
|
107,300 | $47,762,449 | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BYDGF
BOYD GROUP SERV...
|
Unknown | 1.57% | — |
#9
Prev: #—
|
4.1 | 291,886 | no change |
NEW
|
291,886 | $46,497,440 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
B
BARRICK MNG COR...
|
Basic Materials | 1.50% | 0.03% |
#10
140
Prev: #150
|
3.6 | 972,153 | 1944.3% |
P
S
|
1,022,153 | $44,514,763 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IAG
IAMGOLD CORP
|
Basic Materials | 1.45% | 0.48% |
#11
16
Prev: #27
|
3.1 | 489,711 | 23.2% |
P
S
|
2,603,269 | $42,927,906 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AGI
ALAMOS GOLD INC...
|
Basic Materials | 1.22% | — |
#12
Prev: #—
|
4.0 | 939,614 | no change |
NEW
|
939,614 | $36,250,308 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SKE
SKEENA RES LTD ...
|
Basic Materials | 1.22% | 0.40% |
#13
19
Prev: #32
|
3.0 | 298,899 | 24.3% |
P
S
|
1,526,799 | $36,230,940 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXK
ENDEAVOUR SILVE...
|
Basic Materials | 1.18% | — |
#14
Prev: #—
|
4.0 | 3,737,025 | no change |
NEW
|
3,737,025 | $35,128,035 | 2019 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VZLA
VIZSLA SILVER C...
|
Basic Materials | 1.17% | 0.50% |
#15
10
Prev: #25
|
1.0 | -211,294 | -3.2% |
P
S
|
6,343,121 | $34,696,872 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RY
CALL
ROYAL BK CDA
|
CALL Option | 1.15% | — |
#16
Prev: #—
|
4.0 | 200,000 | no change |
NEW
|
200,000 | $34,098,000 | 2013 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 1.12% | — |
#17
Prev: #—
|
3.9 | 144,186 | no change |
NEW
|
144,186 | $33,281,013 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DHR
DANAHER CORPORA...
|
Healthcare | 1.09% | 0.71% |
#18
1
Prev: #17
|
0.4 | -60,496 | -30.0% |
P
S
|
141,082 | $32,296,491 | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RSP
CALL
INVESCO EXCHANG...
|
CALL Option | 0.97% | 1.84% |
#19
11
Prev: #8
|
0.4 | -400,000 | -72.7% |
P
S
|
150,000 | $28,734,000 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ROP
ROPER TECHNOLOG...
|
Technology | 0.97% | 0.34% |
#20
19
Prev: #39
|
3.4 | 25,648 | 65.9% |
P
S
|
64,540 | $28,728,690 | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AEM
AGNICO EAGLE MI...
|
Basic Materials | 0.95% | 0.50% |
#21
5
Prev: #26
|
1.4 | no change | no change |
P
S
|
166,852 | $28,286,420 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FIX
COMFORT SYS USA...
|
Industrials | 0.95% | 0.39% |
#22
12
Prev: #34
|
2.4 | 3,309 | 12.3% |
P
S
|
30,161 | $28,148,960 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TD
TORONTO DOMINIO...
|
Financial Services | 0.95% | 0.34% |
#23
17
Prev: #40
|
2.9 | 56,648 | 23.4% |
P
S
|
298,574 | $28,125,671 | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
B
CALL
BARRICK MNG COR...
|
CALL Option | 0.94% | — |
#24
Prev: #—
|
3.9 | 644,500 | no change |
NEW
|
644,500 | $28,067,975 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CR
CRANE COMPANY
|
Industrials | 0.93% | 0.06% |
#25
106
Prev: #131
|
3.4 | 129,873 | 657.0% |
P
S
|
149,641 | $27,598,290 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXE
EXPAND ENERGY C...
|
Energy | 0.88% | 0.27% |
#26
24
Prev: #50
|
3.4 | 92,604 | 64.1% |
P
S
|
237,000 | $26,155,320 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APH
AMPHENOL CORP N...
|
Technology | 0.84% | 0.16% |
#27
62
Prev: #89
|
3.3 | 112,612 | 158.8% |
P
S
|
183,546 | $24,804,406 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GIL
GILDAN ACTIVEWE...
|
Consumer Cyclical | 0.81% | 0.08% |
#28
91
Prev: #119
|
3.3 | 308,622 | 393.2% |
P
S
|
387,109 | $24,178,828 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DOOO
BRP INC
|
Consumer Cyclical | 0.79% | 0.16% |
#29
59
Prev: #88
|
3.3 | 187,625 | 129.1% |
P
S
|
332,953 | $23,559,754 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FND
FLOOR & DECOR H...
|
Consumer Cyclical | 0.73% | 0.75% |
#30
14
Prev: #16
|
0.3 | -216,983 | -37.9% |
P
S
|
355,818 | $21,665,758 | 2019 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
USO
PUT
UNITED STS OIL ...
|
PUT Option | 0.72% | — |
#31
Prev: #—
|
3.8 | 310,000 | no change |
NEW
|
310,000 | $21,439,600 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CW
CURTISS WRIGHT ...
|
Industrials | 0.72% | 0.10% |
#32
79
Prev: #111
|
3.3 | 27,830 | 256.3% |
P
S
|
38,688 | $21,327,534 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MTN
VAIL RESORTS IN...
|
Consumer Cyclical | 0.70% | 0.60% |
#33
14
Prev: #19
|
0.3 | -71,766 | -31.4% |
P
S
|
156,622 | $20,799,402 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AR
ANTERO RESOURCE...
|
Energy | 0.68% | — |
#34
Prev: #—
|
3.8 | 590,000 | no change |
NEW
|
590,000 | $20,331,400 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CP
CANADIAN PACIFI...
|
Industrials | 0.67% | 0.14% |
#35
60
Prev: #95
|
3.3 | 161,780 | 148.7% |
P
S
|
270,599 | $19,924,204 | 2014 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RY
ROYAL BK CDA
|
Financial Services | 0.64% | 0.28% |
#36
10
Prev: #46
|
0.8 | 3,420 | 3.2% |
P
S
|
111,008 | $18,925,754 | 2013 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WCC
WESCO INTL INC
|
Industrials | 0.63% | — |
#37
Prev: #—
|
3.8 | 77,040 | no change |
NEW
|
77,040 | $18,847,066 | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMLP
CALL
ALPS ETF TR
|
CALL Option | 0.63% | — |
#38
Prev: #—
|
3.8 | 400,000 | no change |
NEW
|
400,000 | $18,808,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNI
CANADIAN NATL R...
|
Industrials | 0.61% | — |
#39
Prev: #—
|
3.7 | 184,374 | no change |
NEW
|
184,374 | $18,225,370 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CM
CANADIAN IMPERI...
|
Financial Services | 0.61% | 0.16% |
#40
46
Prev: #86
|
3.2 | 89,000 | 79.6% |
P
S
|
200,809 | $18,195,303 | 2016 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SN
SHARKNINJA INC
|
Consumer Cyclical | 0.59% | 0.56% |
#41
21
Prev: #20
|
0.2 | -150,117 | -49.0% |
P
S
|
156,016 | $17,458,190 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SLV
CALL
ISHARES SILVER ...
|
CALL Option | 0.57% | 0.78% |
#42
27
Prev: #15
|
0.2 | -778,300 | -74.7% |
P
S
|
264,200 | $17,019,764 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CAT
CATERPILLAR INC
|
Industrials | 0.56% | 0.22% |
#43
18
Prev: #61
|
2.2 | 3,227 | 12.6% |
P
S
|
28,811 | $16,504,958 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BROS
DUTCH BROS INC
|
Consumer Cyclical | 0.54% | — |
#44
Prev: #—
|
3.7 | 262,741 | no change |
NEW
|
262,741 | $16,085,004 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ETHA
CALL
ISHARES ETHEREU...
|
CALL Option | 0.53% | — |
#45
Prev: #—
|
3.7 | 700,000 | no change |
NEW
|
700,000 | $15,701,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAC
BANK AMERICA CO...
|
Financial Services | 0.50% | 0.17% |
#46
32
Prev: #78
|
2.7 | 79,354 | 41.4% |
P
S
|
271,035 | $14,906,925 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SII
SPROTT INC
|
Financial Services | 0.49% | 0.16% |
#47
40
Prev: #87
|
2.7 | 43,678 | 41.0% |
P
S
|
150,137 | $14,701,415 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WELL
WELLTOWER INC
|
Real Estate | 0.49% | 0.27% |
#48
4
Prev: #52
|
0.7 | -7,107 | -8.4% |
P
S
|
77,730 | $14,427,465 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NXE
NEXGEN ENERGY L...
|
Energy | 0.48% | 0.55% |
#49
28
Prev: #21
|
0.2 | -1,918,093 | -55.5% |
P
S
|
1,535,236 | $14,124,171 | 2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MLM
MARTIN MARIETTA...
|
Basic Materials | 0.47% | 0.43% |
#50
22
Prev: #28
|
0.2 | -16,407 | -42.4% |
P
S
|
22,274 | $13,869,129 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 247 holdings