Waratah Capital Advisors LTD.
Waratah Capital Advisors Ltd. is an alternative asset manager headquartered in Toronto, Ontario, Canada. Founded in 2010, the firm manages over $4 billion in assets and specializes in alternative investment strategies including equity market neutral, equity long/short, ESG, credit, thematic private equity, and income equity. Waratah serves institutional investors and accredited clients, employing around 44 professionals focused on delivering innovative, risk-managed solutions in the Canadian and global markets.
Investment Strategy
Waratah Capital Advisors employs a multi-strategy approach with a particular emphasis on alternative strategies such as equity market neutral, equity long/short, ESG-focused investments, income-oriented equities, credit, and thematic private equity. The firm seeks to generate superior risk-adjusted returns through disciplined portfolio construction, rigorous risk management, and opportunistic allocation across asset classes and geographies. Waratah's funds are structured to provide performance through active management, capitalizing on inefficiencies in liquid and private markets for accredited and institutional investors.
Latest 13F Filing Activity
Waratah Capital Advisors LTD. filed their most recent 13F report on Jun 30, 2025 disclosing 120 equity positions and 34 options positions with a total 13F market value of $4B. The fund increased holdings in Nvidia Corporation, Microsoft Corp., Floor & Decor HLDGS Inc. among other positions. Waratah Capital Advisors LTD. reduced exposure to Mccormick & Co. Inc., Idexx Labs Inc., Teledyne Technologies Inc. among others.
Top Holdings
Equity Positions (120)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 1.57% | $59.1M | 374,017 | $157.99 | $157.99 | +$59.1M |
C CGAU | CENTERRA GOLD INC | 1.28% | $48.2M | 6,678,897 | $6.58 | $7.21 | +$16.8M |
S STN | STANTEC INC | 1.19% | $44.6M | 410,497 | $81.80 | $108.68 | +$12.7M |
C CNQ | CANADIAN NAT RES LTD | 1.17% | $43.9M | 1,397,570 | $26.32 | $31.40 | -$6.5M |
H HBM | HUDBAY MINERALS INC | 0.99% | $37.4M | 3,522,351 | $9.11 | $10.61 | +$10.2M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Bought | Put | $562.6M | 9,106 | $617.85 | $608.80 | +7,582 | +$477.4M |
Q QQQ | INVESCO QQQ TR | Bought | Put | $449.9M | 8,156 | $551.64 | $540.43 | +6,264 | +$361.2M |
G GLD | SPDR GOLD TR | Sold | Put | $257.9M | 8,462 | $304.83 | $288.14 | -7,174 | -$192.6M |
C COST | COSTCO WHSL CORP NEW | Bought | Put | $165.7M | 1,674 | $989.94 | $989.94 | +1,674 | +$165.7M |
I IWM | ISHARES TR | New | Put | $145.8M | 6,758 | $215.79 | $215.79 | +6,758 | +$145.8M |
Industry Allocation
Investment Team (1)
| Name | Role | Location | |
|---|---|---|---|
 | Investment Analyst | New York, NY , United States |