Waratah Capital Advisors Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Waratah Capital Advisors Ltd. reported 112 stock positions worth $1.8 billion. Its top holding was Transalta (TAC) at 4.3% of the portfolio, followed by Agnico Eagle Mines (AEM, 3.6%) and Kinross Gold (KGC, 3.3%). Compared with Q3 2024, it opened 46 new positions, sold out of 32, added to 32 and reduced 32. The biggest buy was Alphabet Class A (GOOGL, shares +1822%) and the biggest sale Graphic Packaging (GPK, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001539919
- Portfolio Value
- $1.8B (Q4 2024)
- SEC Filing
- 0001539919-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 112 stocks · $1.8B
| TAC Transalta Corp. | 4.26% | 5,380,875 | $76.1M | Add +2.6% |
| AEM Agnico Eagle Mines Ltd. | 3.63% | 829,989 | $64.9M | Reduce -6.2% |
| KGC Kinross Gold Corp. | 3.25% | 6,270,068 | $58.1M | Reduce -29.7% |
| MLM Martin Marietta Materials | 3.04% | 105,152 | $54.3M | Add +122.0% |
| GPK Graphic Packaging Holding Co. | 3.01% | 1,976,920 | $53.7M | Reduce -43.3% |
| CNQ Canadian Natural Resources | 2.98% | 1,725,641 | $53.3M | Reduce -23.9% |
| MFC Manulife Financial Corp. | 2.92% | 1,698,319 | $52.2M | Add +86.6% |
| EXE Expand Energy Corp. | 2.88% | 517,195 | $51.5M | Reduce -22.0% |
| GOOGL Alphabet Inc. Class A | 2.40% | 226,559 | $42.9M | Add +1822.4% |
| MSFT Microsoft Corp. | 2.27% | 96,246 | $40.6M | Add +274.0% |
| META Meta Platforms Inc. Class A | 2.24% | 68,184 | $39.9M | New |
| NXE Nexgen Energy Ltd. | 2.18% | 5,889,906 | $38.9M | Add +55.9% |
| LNG Cheniere Energy Inc. | 2.16% | 179,844 | $38.6M | Add +16.6% |
| TRI Thomson Reuters Corp. | 2.16% | 240,118 | $38.5M | New |
| RGLD Royal Gold Inc. | 2.08% | 281,232 | $37.1M | Reduce -2.3% |
| CARR Carrier Global Corp. | 2.03% | 530,572 | $36.2M | Add +24.1% |
| ROP Roper Technologies Inc. | 1.90% | 65,162 | $33.9M | Reduce -36.6% |
| HBM Hudbay Minerals Inc. | 1.77% | 3,900,316 | $31.6M | Reduce -44.8% |
| EOG EOG Resources Inc. | 1.72% | 250,000 | $30.6M | New |
| CP Canadian Pacific Kansas City | 1.71% | 421,727 | $30.5M | Reduce -46.3% |
| AAPL Apple Inc. | 1.70% | 121,364 | $30.4M | New |
| AZEK The Azek Co. Inc. | 1.68% | 631,745 | $30.0M | Reduce -14.5% |
| FSV Firstservice Corp. | 1.67% | 164,947 | $29.9M | Add +107.4% |
| TDY Teledyne Technologies Inc. | 1.61% | 61,827 | $28.7M | Add +1673.1% |
| SLF Sun Life Financial Inc. | 1.42% | 427,161 | $25.3M | New |
| SII Sprott Inc. | 1.32% | 560,862 | $23.7M | Reduce -27.5% |
| CIGI Colliers Intl GR-Subord Vot | 1.27% | 167,324 | $22.8M | Add +0.7% |
| ASML ASML Holding NV-NY Reg SHS | 1.19% | 30,631 | $21.2M | New |
| PLD Prologis Inc. | 1.13% | 191,119 | $20.2M | Add +1443.2% |
| PH Parker Hannifin Corp. | 1.12% | 31,341 | $19.9M | Reduce -34.5% |
| STN Stantec Inc. | 1.08% | 244,933 | $19.2M | New |
| EQX Equinox Gold Corp. | 1.07% | 3,822,516 | $19.2M | Add +549.0% |
| FANG Diamondback Energy Inc. | 1.03% | 112,212 | $18.4M | Reduce -52.3% |
| SHW The Sherwin-Williams Co. | 1.03% | 53,910 | $18.3M | Add +130.7% |
| XPO Xpo Inc. | 1.01% | 137,396 | $18.0M | Reduce -10.8% |
| WCN Waste Connections Inc. | 1.01% | 104,940 | $18.0M | Add +1.4% |
| HON Honeywell International Inc. | 0.99% | 78,518 | $17.7M | New |
| BN Brookfield Corp. | 0.97% | 301,664 | $17.3M | Add +3050.5% |
| PR Permian Resources Corp. Class A | 0.96% | 1,196,435 | $17.2M | Add +70.9% |
| SN Sharkninja Inc. | 0.92% | 168,921 | $16.4M | New |
| T AT&T Inc. | 0.92% | 718,095 | $16.4M | New |
| ETR Entergy Corp. | 0.91% | 215,209 | $16.3M | Add +7.8% |
| CNI Canadian Natl Railway Co. | 0.87% | 153,548 | $15.6M | New |
| PCG P G & E Corp. | 0.81% | 719,318 | $14.5M | New |
| RY Royal Bank of Canada | 0.81% | 119,571 | $14.4M | Add +92.0% |
| TRP TC Energy Corp. | 0.79% | 305,099 | $14.2M | Add +131.1% |
| VLO Valero Energy Corp. | 0.77% | 111,842 | $13.7M | New |
| SPXC SPX Technologies Inc. | 0.75% | 92,497 | $13.5M | Reduce -59.3% |
| FXI iShares China Large-Cap ETF | 0.70% | 410,733 | $12.5M | New |
| BA The Boeing Co. | 0.69% | 69,526 | $12.3M | New |
| SHAK Shake Shack Inc. Class A | 0.68% | 94,109 | $12.2M | New |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.68% | 225,137 | $12.1M | Reduce -16.4% |
| WAB Wabtec Corp. | 0.68% | 63,744 | $12.1M | New |
| ECG Everus Construction Group | 0.66% | 178,792 | $11.8M | Reduce -12.6% |
| OR Osisko Gold Royalties Ltd. | 0.64% | 629,115 | $11.4M | New |
| AGI Alamos Gold Inc. Class A | 0.64% | 616,370 | $11.4M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.63% | 32,928 | $11.3M | Add +318.4% |
| OVV Ovintiv Inc. | 0.62% | 275,000 | $11.1M | Add +17.0% |
| DTM DT Midstream Inc. | 0.61% | 110,000 | $10.9M | New |
| INTU Intuit Inc. | 0.59% | 16,794 | $10.6M | New |
| AR Antero Resources Corp. | 0.59% | 300,916 | $10.5M | Reduce -69.9% |
| RRX Regal Rexnord Corp. | 0.57% | 65,303 | $10.1M | New |
| WMS Advanced Drainage Systems Inc. | 0.54% | 83,418 | $9.6M | New |
| WFG West Fraser Timber Co. Ltd. | 0.52% | 106,956 | $9.3M | Add +18.0% |
| VST Vistra Corp. | 0.52% | 66,703 | $9.2M | New |
| CEG Constellation Energy | 0.49% | 39,347 | $8.8M | Reduce -70.7% |
| IBIT iShares Bitcoin Trust ETF | 0.48% | 162,016 | $8.6M | New |
| V Visa Inc. Class A | 0.47% | 26,804 | $8.5M | Add +266.3% |
| KKR KKR & Co. Inc. | 0.46% | 55,276 | $8.2M | Reduce -13.7% |
| TTEK Tetra Tech Inc. | 0.45% | 203,913 | $8.1M | Reduce -48.2% |
| CSX CSX Corp. | 0.45% | 247,164 | $8.0M | New |
| NOW ServiceNow Inc. | 0.44% | 7,493 | $7.9M | New |
| C Citigroup Inc. | 0.36% | 91,150 | $6.4M | New |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.35% | 64,983 | $6.3M | New |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.34% | 95,195 | $6.0M | Reduce -52.3% |
| FNV Franco-Nevada Corp. | 0.34% | 51,140 | $6.0M | Reduce -3.0% |
| SPGI S&P Global Inc. | 0.32% | 11,309 | $5.6M | Add +147.0% |
| AMZN Amazon.com Inc. | 0.26% | 21,488 | $4.7M | Reduce -86.5% |
| TT Trane Technologies PLC | 0.21% | 10,060 | $3.7M | Add +0.6% |
| MORN Morningstar Inc. | 0.21% | 10,896 | $3.7M | New |
| GMS GMS Inc. | 0.20% | 42,939 | $3.6M | Reduce -53.8% |
| ATLX Atlas Lithium Inc. | 0.20% | 568,893 | $3.6M | Reduce -14.0% |
| GIL Gildan Activewear Inc. | 0.16% | 62,030 | $2.9M | Reduce -87.5% |
| NVR NVR Inc. | 0.16% | 341 | $2.8M | Add +0.3% |
| VNOM Viper Energy Inc. | 0.14% | 50,000 | $2.5M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 8,702 | $1.9M | New |
| HOOD Robinhood Markets Inc. Class A | 0.10% | 48,028 | $1.8M | New |
| ASTL Algoma Steel Group Inc. | 0.10% | 182,242 | $1.8M | Add +264.5% |
| QXO Qxo Inc. | 0.10% | 109,410 | $1.7M | No change |
| CHE Chemed Corp. | 0.09% | 3,122 | $1.7M | Add +0.3% |
| TMO Thermo Fisher Scientific Inc. | 0.08% | 2,867 | $1.5M | Reduce -90.9% |
| UNP Union Pacific Corp. | 0.08% | 6,297 | $1.4M | Add +0.2% |
| DHR Danaher Corp. | 0.08% | 6,052 | $1.4M | Add +0.2% |
| STE Steris PLC | 0.08% | 6,718 | $1.4M | Reduce -89.0% |
| ARGT Global X MSCI Argentina ETF | 0.08% | 16,401 | $1.4M | New |
| ELS Equity Lifestyle Properties | 0.08% | 20,276 | $1.4M | Add +3.5% |
| SGML Sigma Lithium Corp. | 0.07% | 117,800 | $1.3M | New |
| POOL Pool Corp. | 0.07% | 3,515 | $1.2M | Reduce -24.8% |
| BABA Alibaba Group Holding-SP ADR | 0.05% | 11,332 | $961K | Reduce -61.6% |
| TECK Teck Resources Ltd.-CLS B | 0.05% | 23,341 | $946K | New |
| FCX Freeport-McMoran Inc. | 0.05% | 24,622 | $938K | New |
| TBRG Trubridge Inc. | 0.05% | 42,050 | $829K | New |
| HCC Warrior Met Coal Inc. | 0.04% | 13,564 | $736K | Reduce -95.9% |
| GNRC Generac Holdings Inc. | 0.03% | 3,259 | $505K | New |
| JPM JPMorgan Chase & Co. | 0.03% | 1,924 | $461K | New |
| BLDR Builders Firstsource Inc. | 0.03% | 3,182 | $455K | New |
| HP Helmerich & Payne | 0.02% | 13,738 | $440K | New |
| VAL Valaris Ltd. | 0.02% | 9,941 | $440K | New |
| AAON Aaon Inc. | 0.02% | 3,690 | $434K | New |
| COLOMBIER ACQUISITION CORP | 0.01% | 20,517 | $241K | New |
| CEP Cantor Equity Partners Inc. | 0.01% | 23,000 | $239K | New |
| CNL Collective Mining Ltd. | 0.01% | 32,354 | $135K | No change |
Options reported separately and not counted above: COST puts ($440.3M), SLV calls ($118.7M), HYG puts ($108.8M), QQQ puts ($78.6M), RSP calls ($52.6M), USO puts ($45.3M), XLE calls ($30.8M), WYNN calls ($28.4M), FICO puts ($27.9M), CNQ calls ($27.8M), XLY puts ($25.9M), XLF calls ($24.2M), and 22 more.
Portfolio Sells Q3 2024 → Q4 2024
| GPK Graphic Packaging Holding Co. | Reduce -43.3% | 3.01% | −3.16 |
| CP Canadian Pacific Kansas City | Reduce -46.3% | 1.71% | −2.31 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −2.22 |
| HBM Hudbay Minerals Inc. | Reduce -44.8% | 1.77% | −2.12 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −2.06 |
| KGC Kinross Gold Corp. | Reduce -29.7% | 3.25% | −1.74 |
| CEG Constellation Energy | Reduce -70.7% | 0.49% | −1.60 |
| ROP Roper Technologies Inc. | Reduce -36.6% | 1.90% | −1.52 |
| CNQ Canadian Natural Resources | Reduce -23.9% | 2.98% | −1.52 |
| AMZN Amazon.com Inc. | Reduce -86.5% | 0.26% | −1.51 |
| SPXC SPX Technologies Inc. | Reduce -59.3% | 0.75% | −1.42 |
| FANG Diamondback Energy Inc. | Reduce -52.3% | 1.03% | −1.39 |
| MDU Mdu Resources Group Inc. | Sold out | 0.00% | −1.34 |
| GIL Gildan Activewear Inc. | Reduce -87.5% | 0.16% | −1.23 |
| HCC Warrior Met Coal Inc. | Reduce -95.9% | 0.04% | −1.23 |
| AR Antero Resources Corp. | Reduce -69.9% | 0.59% | −1.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -90.9% | 0.08% | −1.08 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −1.08 |
| ICLR Icon PLC | Sold out | 0.00% | −1.04 |
| COP Conocophillips | Sold out | 0.00% | −0.94 |
| BURL Burlington Stores Inc. | Sold out | 0.00% | −0.83 |
| STE Steris PLC | Reduce -89.0% | 0.08% | −0.81 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.73 |
| PH Parker Hannifin Corp. | Reduce -34.5% | 1.12% | −0.69 |
| SII Sprott Inc. | Reduce -27.5% | 1.32% | −0.68 |
| TTEK Tetra Tech Inc. | Reduce -48.2% | 0.45% | −0.65 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −0.65 |
| AEM Agnico Eagle Mines Ltd. | Reduce -6.2% | 3.63% | −0.63 |
| LAMR Lamar Advertising Co. Class A | Sold out | 0.00% | −0.61 |
| TU Telus Corp. | Sold out | 0.00% | −0.61 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.47 |
| CM Can Imperial BK of Commerce | Reduce -52.3% | 0.34% | −0.39 |
| AZEK The Azek Co. Inc. | Reduce -14.5% | 1.68% | −0.39 |
| BLD Topbuild Corp. | Sold out | 0.00% | −0.38 |
| EXE Expand Energy Corp. | Reduce -22.0% | 2.88% | −0.38 |
| RGLD Royal Gold Inc. | Reduce -2.3% | 2.08% | −0.34 |
| GMS GMS Inc. | Reduce -53.8% | 0.20% | −0.30 |
| RCI Rogers Communications Inc. Class B | Sold out | 0.00% | −0.29 |
| ATS Ats Corp. | Sold out | 0.00% | −0.29 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.26 |
| OUT Outfront Media Inc. | Sold out | 0.00% | −0.25 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −0.24 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.23 |
| BNS Bank of Nova Scotia | Reduce -16.4% | 0.68% | −0.20 |
| WYNN WYNN Resorts Ltd. | Sold out | 0.00% | −0.18 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.16 |
| ECG Everus Construction Group | Reduce -12.6% | 0.66% | −0.15 |
| GEO The Geo Group Inc. | Sold out | 0.00% | −0.14 |
| BABA Alibaba Group Holding-SP ADR | Reduce -61.6% | 0.05% | −0.13 |
| ATLX Atlas Lithium Inc. | Reduce -14.0% | 0.20% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOGL Alphabet Inc. Class A | Add +1822.4% | 2.40% | +2.28 |
| META Meta Platforms Inc. Class A | New | 2.24% | +2.24 |
| TRI Thomson Reuters Corp. | New | 2.16% | +2.16 |
| EOG EOG Resources Inc. | New | 1.72% | +1.72 |
| AAPL Apple Inc. | New | 1.70% | +1.70 |
| MSFT Microsoft Corp. | Add +274.0% | 2.27% | +1.61 |
| MLM Martin Marietta Materials | Add +122.0% | 3.04% | +1.52 |
| TDY Teledyne Technologies Inc. | Add +1673.1% | 1.61% | +1.52 |
| SLF Sun Life Financial Inc. | New | 1.42% | +1.42 |
| MFC Manulife Financial Corp. | Add +86.6% | 2.92% | +1.31 |
| ASML ASML Holding NV-NY Reg SHS | New | 1.19% | +1.19 |
| STN Stantec Inc. | New | 1.08% | +1.08 |
| PLD Prologis Inc. | Add +1443.2% | 1.13% | +1.04 |
| TAC Transalta Corp. | Add +2.6% | 4.26% | +1.01 |
| HON Honeywell International Inc. | New | 0.99% | +0.99 |
| BN Brookfield Corp. | Add +3050.5% | 0.97% | +0.94 |
| SN Sharkninja Inc. | New | 0.92% | +0.92 |
| T AT&T Inc. | New | 0.92% | +0.92 |
| CNI Canadian Natl Railway Co. | New | 0.87% | +0.87 |
| EQX Equinox Gold Corp. | Add +549.0% | 1.07% | +0.86 |
| PCG P G & E Corp. | New | 0.81% | +0.81 |
| FSV Firstservice Corp. | Add +107.4% | 1.67% | +0.80 |
| VLO Valero Energy Corp. | New | 0.77% | +0.77 |
| NXE Nexgen Energy Ltd. | Add +55.9% | 2.18% | +0.70 |
| FXI iShares China Large-Cap ETF | New | 0.70% | +0.70 |
| BA The Boeing Co. | New | 0.69% | +0.69 |
| SHAK Shake Shack Inc. Class A | New | 0.68% | +0.68 |
| WAB Wabtec Corp. | New | 0.68% | +0.68 |
| OR Osisko Gold Royalties Ltd. | New | 0.64% | +0.64 |
| AGI Alamos Gold Inc. Class A | New | 0.64% | +0.64 |
| DTM DT Midstream Inc. | New | 0.61% | +0.61 |
| INTU Intuit Inc. | New | 0.59% | +0.59 |
| RRX Regal Rexnord Corp. | New | 0.57% | +0.57 |
| WMS Advanced Drainage Systems Inc. | New | 0.54% | +0.54 |
| VST Vistra Corp. | New | 0.52% | +0.52 |
| LNG Cheniere Energy Inc. | Add +16.6% | 2.16% | +0.50 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +318.4% | 0.63% | +0.50 |
| SHW The Sherwin-Williams Co. | Add +130.7% | 1.03% | +0.49 |
| IBIT iShares Bitcoin Trust ETF | New | 0.48% | +0.48 |
| CSX CSX Corp. | New | 0.45% | +0.45 |
| NOW ServiceNow Inc. | New | 0.44% | +0.44 |
| TRP TC Energy Corp. | Add +131.1% | 0.79% | +0.42 |
| PR Permian Resources Corp. Class A | Add +70.9% | 0.96% | +0.39 |
| C Citigroup Inc. | New | 0.36% | +0.36 |
| V Visa Inc. Class A | Add +266.3% | 0.47% | +0.35 |
| BMO Bank of Montreal | New | 0.35% | +0.35 |
| RY Royal Bank of Canada | Add +92.0% | 0.81% | +0.34 |
| MORN Morningstar Inc. | New | 0.21% | +0.21 |
| SPGI S&P Global Inc. | Add +147.0% | 0.32% | +0.17 |
| VNOM Viper Energy Inc. | New | 0.14% | +0.14 |
Options Activity Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 1,799,700 | $878.4Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 1,343,400 | $770.8Mbefore exit |
| GLD SPDR Gold Shares | call | Sold out | 2,398,900 | $583.1Mbefore exit |
| COST Costco Wholesale Corp. | put | New | 480,500 | $440.3M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Sold out | 3,522,800 | $282.9Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 1,214,000 | $119.1Mbefore exit |
| SLV iShares Silver Trust | call | Add +49.9% | 4,506,400 | $118.7M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 1,383,700 | $108.8M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 153,800 | $78.6M |
| RSP Invesco S&P 500 Equal Weight | call | New | 300,000 | $52.6M |
| IYR iShares US Real Estate ETF | call | Sold out | 455,900 | $46.4Mbefore exit |
| USO United States Oil Fund LP | put | New | 600,000 | $45.3M |
| MTUM iShares MSCI USA Momentum Fa | call | Sold out | 170,000 | $34.5Mbefore exit |
| RY Royal Bank of Canada | call | Sold out | 250,600 | $31.3Mbefore exit |
| XLE SS Energy Select Sector | call | New | 360,000 | $30.8M |
| WYNN WYNN Resorts Ltd. | call | New | 330,000 | $28.4M |
| FICO Fair Isaac Corp. | put | New | 14,000 | $27.9M |
| CNQ Canadian Natural Resources | call | New | 900,000 | $27.8M |
| XLY SS Consumer Disc Select Sect | put | New | 115,500 | $25.9M |
| XLF SS Financial Select Sector | call | New | 500,000 | $24.2M |
| SBUX Starbucks Corp. | call | New | 250,000 | $22.8M |
| GOOGL Alphabet Inc. Class A | put | New | 108,900 | $20.6M |
| WFG West Fraser Timber Co. Ltd. | call | Sold out | 150,000 | $19.8Mbefore exit |
| TT Trane Technologies PLC | put | New | 53,000 | $19.6M |
| TT Trane Technologies PLC | call | Sold out | 50,000 | $19.4Mbefore exit |
| FANG Diamondback Energy Inc. | call | Sold out | 100,000 | $17.2Mbefore exit |
| TMO Thermo Fisher Scientific Inc. | call | Sold out | 25,000 | $15.5Mbefore exit |
| XLU St Sr Utl SL SE SPDR ETF-Usd | call | Sold out | 189,300 | $15.3Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 25,000 | $14.7M |
| VLO Valero Energy Corp. | call | New | 100,000 | $12.3M |
| IYR iShares US Real Estate ETF | put | New | 130,000 | $12.1M |
| CSX CSX Corp. | call | New | 360,000 | $11.6M |
| TLT iShares 20+ Year Treasury BD | put | New | 120,000 | $10.5M |
| FXI iShares China Large-Cap ETF | call | New | 335,800 | $10.2M |
| EXE Expand Energy Corp. | call | Sold out | 120,000 | $9.9Mbefore exit |
| AMZN Amazon.com Inc. | put | New | 44,700 | $9.8M |
| VRT Vertiv Holdings Co. Class A | put | New | 83,500 | $9.5M |
| IRM Iron Mountain Inc. | call | Sold out | 78,200 | $9.3Mbefore exit |
| ATS Ats Corp. | call | Sold out | 200,000 | $7.8Mbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 17,700 | $7.6Mbefore exit |
| CTAS Cintas Corp. | call | Sold out | 33,600 | $6.9Mbefore exit |
| IWM iShares Russell 2000 ETF | call | Reduce -98.0% | 30,000 | $6.6M |
| RY Royal Bank of Canada | put | New | 51,000 | $6.1M |
| NVDA Nvidia Corp. | put | New | 43,600 | $5.9M |
| AR Antero Resources Corp. | call | Reduce -50.0% | 150,000 | $5.3M |
| AAPL Apple Inc. | call | Sold out | 22,100 | $5.1Mbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 20,600 | $3.8Mbefore exit |
| BN Brookfield Corp. | call | Reduce -91.7% | 50,000 | $2.9M |
| GDXJ Vaneck Junior Gold Miners | call | Sold out | 56,500 | $2.8Mbefore exit |
| NVDA Nvidia Corp. | call | Sold out | 14,600 | $1.8Mbefore exit |
Showing the first 50 of 65.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | Sold out | 79,166,665 | $6.6Mbefore exit |
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 |