Waratah Capital Advisors Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Waratah Capital Advisors Ltd. reported 128 stock positions worth $1.9 billion. Its top holding was Sun Communities (SUI) at 5.6% of the portfolio, followed by Graphic Packaging (GPK, 4.5%) and Cedar Fair (4.0%). Compared with Q4 2023, it opened 54 new positions, sold out of 58, added to 39 and reduced 32. The biggest buy was a new position in Vistra (VST) and the biggest sale United Parks & Resorts (PRKS, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001539919
- Portfolio Value
- $1.9B (Q1 2024)
- SEC Filing
- 0001539919-24-000002 ↗ filed May 14, 2024
Holdings Value
Holdings 128 stocks · $1.9B
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 5.55% | 841,740 | $108.2M | Reduce -7.8% |
| GPK Graphic Packaging Holding Co. | 4.54% | 3,031,440 | $88.5M | Reduce -13.8% |
| CEDAR FAIR LP | 3.97% | 1,846,051 | $77.3M | No change |
| MSFT Microsoft Corp. | 3.57% | 165,397 | $69.6M | Add +6.6% |
| CNQ Canadian Natural Resources | 3.01% | 769,538 | $58.7M | Reduce -54.7% |
| CVE Cenovus Energy Inc. | 2.71% | 2,641,875 | $52.8M | Reduce -45.0% |
| NXE Nexgen Energy Ltd. | 2.61% | 6,532,326 | $50.8M | Add +36.5% |
| ROP Roper Technologies Inc. | 2.51% | 87,151 | $48.9M | Add +1.7% |
| MLM Martin Marietta Materials | 2.46% | 78,027 | $47.9M | Add +2.8% |
| AEM Agnico Eagle Mines Ltd. | 2.41% | 786,970 | $46.9M | Add +236.9% |
| STN Stantec Inc. | 2.26% | 530,950 | $44.1M | Add +11.7% |
| LPLA LPL Financial Holdings Inc. | 2.17% | 160,391 | $42.4M | Add +6.7% |
| SII Sprott Inc. | 2.13% | 1,123,774 | $41.5M | Add +0.7% |
| VST Vistra Corp. | 1.91% | 534,957 | $37.3M | New |
| AZEK The Azek Co. Inc. | 1.90% | 737,023 | $37.0M | Add +48.6% |
| CP Canadian Pacific Kansas City | 1.66% | 366,038 | $32.3M | Add +923.4% |
| V Visa Inc. Class A | 1.65% | 115,392 | $32.2M | Add +16.1% |
| LNG Cheniere Energy Inc. | 1.61% | 194,417 | $31.4M | Add +14.1% |
| WCN Waste Connections Inc. | 1.58% | 179,412 | $30.9M | Reduce -19.7% |
| CIGI Colliers Intl GR-Subord Vot | 1.58% | 252,346 | $30.8M | Add +277.7% |
| ELS Equity Lifestyle Properties | 1.53% | 464,091 | $29.9M | Add +1936.9% |
| AMZN Amazon.com Inc. | 1.53% | 164,746 | $29.7M | Add +85.4% |
| CEG Constellation Energy | 1.49% | 156,880 | $29.0M | New |
| CARR Carrier Global Corp. | 1.39% | 467,173 | $27.2M | Add +250.9% |
| CRH CRH PLC | 1.37% | 309,294 | $26.7M | Reduce -12.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.35% | 269,269 | $26.3M | Add +26.3% |
| UNP Union Pacific Corp. | 1.34% | 106,257 | $26.1M | Add +13.0% |
| RY Royal Bank of Canada | 1.30% | 250,759 | $25.3M | Reduce -12.1% |
| XYL Xylem Inc. | 1.30% | 195,296 | $25.2M | Reduce -38.9% |
| WFG West Fraser Timber Co. Ltd. | 1.28% | 287,868 | $24.9M | New |
| HCC Warrior Met Coal Inc. | 1.27% | 408,668 | $24.8M | Reduce -64.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.25% | 199,835 | $24.5M | New |
| ARMK Aramark | 1.23% | 737,543 | $24.0M | New |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 1.08% | 236,600 | $21.0M | New |
| AR Antero Resources Corp. | 1.07% | 719,696 | $20.9M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 47,480 | $20.0M | Reduce -18.7% |
| ICLR Icon PLC | 1.02% | 59,335 | $19.9M | Add +467.3% |
| XPO Xpo Inc. | 1.02% | 163,133 | $19.9M | Add +47.8% |
| TMUS T-Mobile US Inc. | 1.02% | 121,592 | $19.8M | Reduce -25.9% |
| BLDR Builders Firstsource Inc. | 0.99% | 92,389 | $19.3M | Add +43.1% |
| PDS Precision Drilling Corp. | 0.95% | 275,530 | $18.5M | New |
| RGLD Royal Gold Inc. | 0.92% | 147,688 | $18.0M | New |
| TMO Thermo Fisher Scientific Inc. | 0.86% | 28,819 | $16.7M | Add +24.2% |
| FSV Firstservice Corp. | 0.85% | 99,438 | $16.5M | Reduce -0.8% |
| RCI Rogers Communications Inc. Class B | 0.84% | 401,368 | $16.4M | Reduce -19.2% |
| OVV Ovintiv Inc. | 0.81% | 302,500 | $15.7M | New |
| WMS Advanced Drainage Systems Inc. | 0.76% | 85,966 | $14.8M | Reduce -64.3% |
| PRKS United Parks & Resorts Inc. | 0.75% | 260,633 | $14.7M | Reduce -81.4% |
| JPM JPMorgan Chase & Co. | 0.73% | 70,958 | $14.2M | Add +23.9% |
| SLF Sun Life Financial Inc. | 0.70% | 248,691 | $13.6M | Add +107.6% |
| TECK Teck Resources Ltd.-CLS B | 0.65% | 278,443 | $12.7M | Reduce -53.9% |
| MFC Manulife Financial Corp. | 0.65% | 508,407 | $12.7M | New |
| ATLX Atlas Lithium Inc. | 0.60% | 661,158 | $11.8M | No change |
| STE Steris PLC | 0.58% | 50,210 | $11.3M | Add +56.3% |
| DPZ Domino's Pizza Inc. | 0.57% | 22,268 | $11.1M | Reduce -20.1% |
| FANG Diamondback Energy Inc. | 0.56% | 55,000 | $10.9M | Reduce -10.4% |
| PNR Pentair PLC | 0.55% | 126,326 | $10.8M | Add +92.4% |
| TTEK Tetra Tech Inc. | 0.52% | 55,143 | $10.2M | Add +216.6% |
| SHW The Sherwin-Williams Co. | 0.52% | 29,197 | $10.1M | Reduce -29.6% |
| GMS GMS Inc. | 0.51% | 101,779 | $9.9M | New |
| AMT American Tower Corp. | 0.51% | 50,090 | $9.9M | Add +3936.3% |
| VMC Vulcan Materials Co. | 0.48% | 33,979 | $9.3M | New |
| TT Trane Technologies PLC | 0.42% | 27,173 | $8.2M | Add +154.4% |
| PR Permian Resources Corp. Class A | 0.41% | 450,000 | $7.9M | Reduce -46.3% |
| ACA Arcosa Inc. | 0.39% | 87,616 | $7.5M | New |
| DXCM Dexcom Inc. | 0.37% | 52,579 | $7.3M | Reduce -50.7% |
| FNV Franco-Nevada Corp. | 0.33% | 53,407 | $6.4M | Reduce -66.3% |
| IR Ingersoll-Rand Inc. | 0.32% | 66,436 | $6.3M | Reduce -13.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 0.32% | 123,581 | $6.3M | Add +1974.9% |
| GOOGL Alphabet Inc. Class A | 0.32% | 41,169 | $6.2M | Reduce -67.2% |
| DFIN Donnelley Financial Solution | 0.30% | 95,109 | $5.9M | Add +145.1% |
| LAMR Lamar Advertising Co. Class A | 0.28% | 45,425 | $5.4M | New |
| RRX Regal Rexnord Corp. | 0.27% | 28,709 | $5.2M | New |
| TD Toronto-Dominion Bank | 0.26% | 84,300 | $5.1M | Add +1880.7% |
| KKR KKR & Co. Inc. | 0.26% | 49,742 | $5.0M | New |
| NEE Nextera Energy Inc. | 0.25% | 77,150 | $4.9M | New |
| WY Weyerhaeuser Co. | 0.25% | 135,880 | $4.9M | New |
| GDXJ Vaneck Junior Gold Miners | 0.25% | 124,433 | $4.8M | New |
| TOL Toll Brothers Inc. | 0.24% | 36,164 | $4.7M | New |
| LPX Louisiana-Pacific Corp. | 0.24% | 55,129 | $4.6M | New |
| LEN Lennar Corp. Class A | 0.24% | 26,861 | $4.6M | New |
| DHI D.R. Horton Inc. | 0.21% | 24,593 | $4.0M | New |
| PH Parker Hannifin Corp. | 0.19% | 6,586 | $3.7M | Add +90.7% |
| VLO Valero Energy Corp. | 0.18% | 20,000 | $3.4M | New |
| NVR NVR Inc. | 0.14% | 342 | $2.8M | Reduce -3.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.13% | 8,043 | $2.6M | Reduce -3.6% |
| MDU Mdu Resources Group Inc. | 0.13% | 100,722 | $2.5M | New |
| CHE Chemed Corp. | 0.10% | 3,135 | $2.0M | Reduce -3.5% |
| SPGI S&P Global Inc. | 0.10% | 4,687 | $2.0M | Reduce -3.6% |
| DHR Danaher Corp. | 0.09% | 7,097 | $1.8M | Reduce -10.9% |
| PLD Prologis Inc. | 0.09% | 13,262 | $1.7M | Reduce -89.9% |
| MA Mastercard Inc. Class A | 0.08% | 3,300 | $1.6M | New |
| TDY Teledyne Technologies Inc. | 0.08% | 3,678 | $1.6M | Reduce -3.8% |
| HP Helmerich & Payne | 0.08% | 36,436 | $1.5M | New |
| AON Aon PLC Class A | 0.07% | 4,317 | $1.4M | New |
| POOL Pool Corp. | 0.07% | 3,519 | $1.4M | Reduce -17.3% |
| DE Deere & Co. | 0.06% | 3,025 | $1.2M | New |
| GIS General Mills Inc. | 0.06% | 17,336 | $1.2M | New |
| HAL Halliburton Co. | 0.06% | 27,458 | $1.1M | New |
| AEE Ameren Corporation | 0.04% | 11,510 | $851K | New |
| HSY The Hershey Co. | 0.04% | 4,012 | $780K | New |
| BMY Bristol-Myers Squibb Co. | 0.04% | 14,237 | $772K | New |
| HRL Hormel Foods Corp. | 0.04% | 21,866 | $763K | New |
| FMC FMC Corp. | 0.04% | 11,780 | $750K | New |
| MAA Mid-America Apartment Comm | 0.04% | 5,253 | $691K | New |
| KVUE Kenvue Inc. | 0.04% | 32,057 | $688K | New |
| PFE Pfizer Inc. | 0.03% | 24,093 | $669K | Add +168.5% |
| ES Eversource Energy | 0.03% | 10,984 | $657K | New |
| PAYC Paycom Software Inc. | 0.03% | 3,278 | $652K | Add +144.3% |
| IEX Idex Corp. | 0.03% | 2,563 | $625K | New |
| TXN Texas Instruments Inc. | 0.03% | 3,393 | $591K | New |
| CPT Camden Property Trust | 0.03% | 5,945 | $585K | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.03% | 3,661 | $564K | Add +92.3% |
| GPC Genuine Parts Co. | 0.03% | 3,636 | $563K | New |
| EXC Exelon Corp. | 0.03% | 14,112 | $530K | New |
| BF.B Brown-Forman Corp. Class B | 0.03% | 9,780 | $505K | New |
| SBUX Starbucks Corp. | 0.02% | 5,126 | $468K | New |
| HBM Hudbay Minerals Inc. | 0.02% | 66,554 | $466K | New |
| DG Dollar General Corp. | 0.02% | 2,948 | $460K | Add +44.7% |
| AGI Alamos Gold Inc. Class A | 0.02% | 30,314 | $447K | Add +56.7% |
| CTVA Corteva Inc. | 0.02% | 7,665 | $442K | New |
| KEYS Keysight Technologies Inc. | 0.02% | 2,820 | $441K | New |
| BIO Bio-Rad Laboratories-A | 0.02% | 1,271 | $440K | New |
| LUV Southwest Airlines Co. | 0.02% | 13,159 | $384K | New |
| NKE Nike Inc. Class B | 0.02% | 3,923 | $369K | New |
| ALB Albemarle Corp. | 0.02% | 2,604 | $343K | Add +26.5% |
| CHD Church & Dwight Co. Inc. | 0.01% | 2,335 | $244K | No change |
| MUX McEwen Inc. | 0.01% | 20,452 | $201K | New |
Options reported separately and not counted above: QQQ puts ($373.1M), HYG puts ($345.1M), SPY puts ($206.0M), TLT puts ($83.0M), XOP puts ($77.5M), IWM puts ($74.8M), HYG calls ($68.8M), IYR calls ($42.4M), WFG calls ($32.0M), AMZN calls ($27.1M), UNP calls ($14.8M), TFII calls ($14.4M), and 5 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $6.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 79,166,665 | $6.2M | New |
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q4 2023 → Q1 2024
| PRKS United Parks & Resorts Inc. | Reduce -81.4% | 0.75% | −3.48 |
| CNQ Canadian Natural Resources | Reduce -54.7% | 3.01% | −3.33 |
| HCC Warrior Met Coal Inc. | Reduce -64.8% | 1.27% | −2.77 |
| EQT Eqt Corp. | Sold out | 0.00% | −1.91 |
| CVE Cenovus Energy Inc. | Reduce -45.0% | 2.71% | −1.85 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −1.49 |
| SUI Sun Communities Inc. | Reduce -7.8% | 5.55% | −1.41 |
| WMS Advanced Drainage Systems Inc. | Reduce -64.3% | 0.76% | −1.17 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.94 |
| PLD Prologis Inc. | Reduce -89.9% | 0.09% | −0.91 |
| TECK Teck Resources Ltd.-CLS B | Reduce -53.9% | 0.65% | −0.80 |
| XYL Xylem Inc. | Reduce -38.9% | 1.30% | −0.79 |
| GOOGL Alphabet Inc. Class A | Reduce -67.2% | 0.32% | −0.68 |
| FNV Franco-Nevada Corp. | Reduce -66.3% | 0.33% | −0.67 |
| FIVE Five Below | Sold out | 0.00% | −0.62 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.60 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.55 |
| IMO Imperial Oil Ltd. | Sold out | 0.00% | −0.54 |
| ERF Enerplus Corp. | Sold out | 0.00% | −0.54 |
| RCI Rogers Communications Inc. Class B | Reduce -19.2% | 0.84% | −0.48 |
| TMUS T-Mobile US Inc. | Reduce -25.9% | 1.02% | −0.48 |
| VSTS Vestis Corp. | Sold out | 0.00% | −0.42 |
| ATS Ats Corp. | Sold out | 0.00% | −0.41 |
| GPK Graphic Packaging Holding Co. | Reduce -13.8% | 4.54% | −0.40 |
| DXCM Dexcom Inc. | Reduce -50.7% | 0.37% | −0.38 |
| RY Royal Bank of Canada | Reduce -12.1% | 1.30% | −0.35 |
| WCN Waste Connections Inc. | Reduce -19.7% | 1.58% | −0.32 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.29 |
| PR Permian Resources Corp. Class A | Reduce -46.3% | 0.41% | −0.24 |
| HUM Humana Inc. | Sold out | 0.00% | −0.23 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.22 |
| SHW The Sherwin-Williams Co. | Reduce -29.6% | 0.52% | −0.22 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -18.7% | 1.02% | −0.16 |
| CHDN Churchill Downs Inc. | Sold out | 0.00% | −0.15 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.14 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.14 |
| SHAK Shake Shack Inc. Class A | Sold out | 0.00% | −0.11 |
| MTDR Matador Resources Co. | Sold out | 0.00% | −0.11 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.11 |
| BLD Topbuild Corp. | Sold out | 0.00% | −0.11 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.11 |
| CSX CSX Corp. | Sold out | 0.00% | −0.10 |
| MTZ Mastec Inc. | Sold out | 0.00% | −0.09 |
| DPZ Domino's Pizza Inc. | Reduce -20.1% | 0.57% | −0.09 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.08 |
| FSV Firstservice Corp. | Reduce -0.8% | 0.85% | −0.08 |
| DSGX The Descartes Systems Grp | Sold out | 0.00% | −0.06 |
| MCW Mister Car Wash Inc. | Sold out | 0.00% | −0.05 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| VST Vistra Corp. | New | 1.91% | +1.91 |
| AEM Agnico Eagle Mines Ltd. | Add +236.9% | 2.41% | +1.68 |
| CP Canadian Pacific Kansas City | Add +923.4% | 1.66% | +1.50 |
| CEG Constellation Energy | New | 1.49% | +1.49 |
| ELS Equity Lifestyle Properties | Add +1936.9% | 1.53% | +1.44 |
| WFG West Fraser Timber Co. Ltd. | New | 1.28% | +1.28 |
| DIS The Walt Disney Co. | New | 1.25% | +1.25 |
| ARMK Aramark | New | 1.23% | +1.23 |
| CIGI Colliers Intl GR-Subord Vot | Add +277.7% | 1.58% | +1.10 |
| EXE Expand Energy Corp. | New | 1.08% | +1.08 |
| AR Antero Resources Corp. | New | 1.07% | +1.07 |
| CARR Carrier Global Corp. | Add +250.9% | 1.39% | +0.96 |
| PDS Precision Drilling Corp. | New | 0.95% | +0.95 |
| RGLD Royal Gold Inc. | New | 0.92% | +0.92 |
| ICLR Icon PLC | Add +467.3% | 1.02% | +0.85 |
| AZEK The Azek Co. Inc. | Add +48.6% | 1.90% | +0.82 |
| OVV Ovintiv Inc. | New | 0.81% | +0.81 |
| AMZN Amazon.com Inc. | Add +85.4% | 1.53% | +0.76 |
| NXE Nexgen Energy Ltd. | Add +36.5% | 2.61% | +0.70 |
| MFC Manulife Financial Corp. | New | 0.65% | +0.65 |
| GMS GMS Inc. | New | 0.51% | +0.51 |
| AMT American Tower Corp. | Add +3936.3% | 0.51% | +0.49 |
| VMC Vulcan Materials Co. | New | 0.48% | +0.48 |
| XPO Xpo Inc. | Add +47.8% | 1.02% | +0.47 |
| ACA Arcosa Inc. | New | 0.39% | +0.39 |
| BLDR Builders Firstsource Inc. | Add +43.1% | 0.99% | +0.37 |
| TTEK Tetra Tech Inc. | Add +216.6% | 0.52% | +0.36 |
| SLF Sun Life Financial Inc. | Add +107.6% | 0.70% | +0.34 |
| CM Can Imperial BK of Commerce | Add +1974.9% | 0.32% | +0.31 |
| MLM Martin Marietta Materials | Add +2.8% | 2.46% | +0.30 |
| PNR Pentair PLC | Add +92.4% | 0.55% | +0.28 |
| LAMR Lamar Advertising Co. Class A | New | 0.28% | +0.28 |
| TT Trane Technologies PLC | Add +154.4% | 0.42% | +0.27 |
| RRX Regal Rexnord Corp. | New | 0.27% | +0.27 |
| KKR KKR & Co. Inc. | New | 0.26% | +0.26 |
| NEE Nextera Energy Inc. | New | 0.25% | +0.25 |
| WY Weyerhaeuser Co. | New | 0.25% | +0.25 |
| GDXJ Vaneck Junior Gold Miners | New | 0.25% | +0.25 |
| TD Toronto-Dominion Bank | Add +1880.7% | 0.26% | +0.25 |
| MSFT Microsoft Corp. | Add +6.6% | 3.57% | +0.24 |
| TOL Toll Brothers Inc. | New | 0.24% | +0.24 |
| LPX Louisiana-Pacific Corp. | New | 0.24% | +0.24 |
| LEN Lennar Corp. Class A | New | 0.24% | +0.24 |
| LPLA LPL Financial Holdings Inc. | Add +6.7% | 2.17% | +0.22 |
| DHI D.R. Horton Inc. | New | 0.21% | +0.21 |
| V Visa Inc. Class A | Add +16.1% | 1.65% | +0.18 |
| STE Steris PLC | Add +56.3% | 0.58% | +0.18 |
| VLO Valero Energy Corp. | New | 0.18% | +0.18 |
| JPM JPMorgan Chase & Co. | Add +23.9% | 0.73% | +0.17 |
| DFIN Donnelley Financial Solution | Add +145.1% | 0.30% | +0.16 |
Options Activity Q4 2023 → Q1 2024
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -78.4% | 840,300 | $373.1M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 4,439,300 | $345.1M |
| NVDA Nvidia Corp. | put | Sold out | 675,300 | $334.4Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -64.3% | 393,800 | $206.0M |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 1,094,200 | $108.2Mbefore exit |
| GDX Vaneck Gold Miners ETF | call | Sold out | 3,479,900 | $107.9Mbefore exit |
| GLD SPDR Gold Shares | call | Sold out | 507,900 | $97.4Mbefore exit |
| TLT iShares 20+ Year Treasury BD | put | New | 877,000 | $83.0M |
| XOP SS SPDR S&P Og Exp & Prod | put | New | 500,000 | $77.5M |
| IWM iShares Russell 2000 ETF | put | Reduce -69.6% | 355,700 | $74.8M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | New | 885,000 | $68.8M |
| USO United States Oil Fund LP | put | Sold out | 785,000 | $52.3Mbefore exit |
| RSP Invesco S&P 500 Equal Weight | call | Sold out | 300,000 | $47.3Mbefore exit |
| IYR iShares US Real Estate ETF | call | New | 472,000 | $42.4M |
| GOOGL Alphabet Inc. Class A | call | Sold out | 300,000 | $41.9Mbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 90,000 | $33.8Mbefore exit |
| WFG West Fraser Timber Co. Ltd. | call | New | 370,000 | $32.0M |
| COST Costco Wholesale Corp. | put | Sold out | 42,800 | $28.3Mbefore exit |
| AMZN Amazon.com Inc. | call | New | 150,000 | $27.1M |
| SUI Sun Communities Inc. | call | Sold out | 148,200 | $19.8Mbefore exit |
| CNQ Canadian Natural Resources | call | Sold out | 300,000 | $19.7Mbefore exit |
| UNP Union Pacific Corp. | call | New | 60,000 | $14.8M |
| TFII Tfi International Inc. | call | Reduce -25.0% | 90,000 | $14.4M |
| NEE Nextera Energy Inc. | call | New | 200,000 | $12.8M |
| CEDAR FAIR LP | call | Sold out | 211,800 | $8.4Mbefore exit |
| CIGI Colliers Intl GR-Subord Vot | call | New | 50,000 | $6.1M |
| CVE Cenovus Energy Inc. | call | Sold out | 360,000 | $6.0Mbefore exit |
| NXE Nexgen Energy Ltd. | call | New | 400,000 | $3.1M |
| AVTR Avantor Inc. | call | Sold out | 122,200 | $2.8Mbefore exit |
| AEM Agnico Eagle Mines Ltd. | call | Sold out | 50,000 | $2.7Mbefore exit |
| HUM Humana Inc. | call | New | 7,500 | $2.6M |
| MFC Manulife Financial Corp. | call | New | 100,000 | $2.5M |
| TECK Teck Resources Ltd.-CLS B | call | Sold out | 40,000 | $1.7Mbefore exit |
| PAYC Paycom Software Inc. | call | Sold out | 1,200 | $248Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | New | 79,166,665 | $6.2M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 107 | $1.3B | DSGX, TDY, FSS, AGI, STN |
| Q1 2026 | 98 | $1.1B | DSGX, AGI, KGC, CGAU, IAG |
| Q4 2025 | 104 | $1.3B | KGC, CGAU, BGSI, B, IAG |
| Q3 2025 | 138 | $1.5B | CGAU, PAAS, TDY, KGC, FND |
| Q2 2025 | 121 | $1.5B | NVDA, CGAU, STN, CNQ, HBM |
| Q1 2025 | 137 | $1.5B | MKC, IDXX, CNQ, AEM, KGC |
| Q4 2024 | 112 | $1.8B | TAC, AEM, KGC, MLM, GPK |
| Q3 2024 | 97 | $1.7B | GPK, KGC, CNQ, AEM, CP |
| Q2 2024 | 77 | $1.6B | CNQ, BROS, GPK, AEM, SUI |
| Q1 2024 | 128 | $1.9B | SUI, GPK, CEDAR FAIR LP, MSFT, CNQ |