13F Insight
DOSSIER · 13F-HR · Q2 2026

Waratah Capital Advisors Ltd.

$2.9B in tracked AUM across 142 positions as of Q2 2026.

WC
CIK 0001539919 · last filed Jun 30, 2026
Total AUM
$2.9B
as of Q2 2026
Holdings
142
—
positions
Whale Score
63
63
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of SEC 13F Filing: Waratah Capital Advisors Ltd.
1. Portfolio Overview

Waratah Capital Advisors Ltd. has undergone a significant transformation in its portfolio composition during the quarter ending September 30, 2025. The total portfolio value contracted sharply by 31.5%, decreasing from $3.76 billion to $2.57 billion. This reduction in assets under management (AUM) is driven not only by market movements but by a substantial reallocation of capital. The firm ma...

The most striking feature of the current portfolio is its extreme concentration in defensive assets and exchange-traded funds (ETFs). The portfolio is heavily skewed, with the top three positions accounting for approximately 61.6% of the total value. This indicates a pivot away from a diversified stock-picking strategy toward a macro-driven, asset allocation approach focused on capital preservation and specific thematic bets, particularly in the commodities and utilities sectors.

2. Key Holdings
Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
QQQ
INVESCO QQQ TR
$514M698K17.5%02
SPY
STATE STR SPDR S&P 500 ETF T
$309M414K10.5%03
HYG
ISHARES TR
$241M3.0M8.2%04
LQD
ISHARES TR
$164M1.5M5.6%05
DSGX
DESCARTES SYS GROUP INC
$100M1.4M3.4%06
TLT
ISHARES TR
$83M960K2.8%07
BMO
BANK MONTREAL MEDIUM
$57M320K1.9%08
N07059210
ASML HLDG NV
$49M25K1.7%09
TDY
TELEDYNE TECHNOLOGIES INC
$47M71K1.6%10
FSS
FEDERAL SIGNAL CORP
$46M360K1.6%

Filing history

2026Q2Jun 30
$2.9B▲ 12.0%
142 positionsView →2026Q1Mar 31
$2.6B▼ 11.6%
127 positionsView →2025Q4Dec 31
$3.0B▲ 15.4%
152 positionsView →2025Q3Sep 30
$2.6B▼ 31.5%
100 positionsView →2025Q2Jun 30
$3.8B▲ 1.0%
155 positionsLocked2025Q1Mar 31
$3.7B▲ 24.9%
171 positionsLocked2024Q4Dec 31
$3.0B▼ 41.3%
146 positionsLocked2024Q3Sep 30
$5.1B▲ 86.0%
137 positionsLocked2024Q2Jun 30
$2.7B▼ 18.4%
115 positionsLocked2024Q1Mar 31
$3.3B▼ 33.6%
146 positionsLocked2023Q4Dec 31
$5.0B▼ 28.1%
153 positionsLocked2023Q3Sep 30
$7.0B▲ 33.3%
155 positionsLocked
Showing 12 of 50