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Livermore
Livermore
ZHEN

Waratah Capital Advisors Ltd.

SEC CIK
0001539919
Latest filing
Aug 11, 2026

The latest 13F from Waratah Capital Advisors Ltd. covers Q2 2026 (filed Aug 11, 2026): 107 long positions worth $1.30B. The top 10 holdings make up 31.1% of the portfolio, and the largest is Descartes Systems Group Inc (DSGX) at 7.7%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
52
Est. +$415.6M
Added
24
Est. +$187.6M
Reduced
29
Est. −$255.3M
Sold out
43
Est. −$177.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. DSGXDescartes Systems Group Inc
    7.7%$100.2MHistory
  2. TDYTeledyne Technologies Inc
    3.6%$47.3MHistory
  3. FSSFederal Signal Corp
    3.6%$46.3MHistory
  4. AGIAlamos Gold Inc
    3.0%$38.7MHistory
  5. STNStantec Inc
    2.3%$30.4MHistory

Share of portfolio

Top 5 holdings and the other 102 positions, by share of portfolio value

  1. DSGX7.7%
  2. TDY3.6%
  3. FSS3.6%
  4. AGI3.0%
  5. STN2.3%
  6. Other 102 positions79.8%

Biggest buys

New and added positions, by estimated amount bought

  1. FSSFederal Signal Corp
    +$46.3MNewHistory
  2. AVGOBroadcom Inc.
    +$29.2MNewHistory
  3. CMGChipotle Mexican Grill Inc
    +$26.5MNewHistory
  4. STNStantec Inc
    +$25.9MAddedHistory
  5. AMZNAmazon Com Inc
    +$25.7MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. FSSFederal Signal Corp
    +3.56 pp0.0% → 3.6%History
  2. AVGOBroadcom Inc.
    +2.24 pp0.0% → 2.2%History
  3. CMGChipotle Mexican Grill Inc
    +2.04 pp0.0% → 2.0%History
  4. AMZNAmazon Com Inc
    +1.98 pp0.0% → 2.0%History
  5. ASMLASML Holding NV
    +1.88 pp0.2% → 2.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BGSIBoyd Group Services Inc.
    −$29.7MSold outHistory
  2. SNSharkNinja, Inc.
    −$24.8MReducedHistory
  3. CGAUCenterra Gold Inc.
    −$23.0MReducedHistory
  4. CNICanadian National Railway Co
    −$21.3MReducedHistory
  5. NVTnVent Electric plc
    −$19.5MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. BGSIBoyd Group Services Inc.
    −2.66 pp2.7% → 0.0%History
  2. CGAUCenterra Gold Inc.
    −2.59 pp3.5% → 0.9%History
  3. KGCKinross Gold Corp
    −2.58 pp3.6% → 1.0%History
  4. AGIAlamos Gold Inc
    −2.51 pp5.5% → 3.0%History
  5. IAGIamgold Corp
    −2.24 pp3.3% → 1.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.30B
+$184.6M (+16.5%) vs. prior quarter
Positions
107
+9 vs. prior quarter
Top 10 concentration
31.1%
Top 10 as share of value
Turnover
35.8%
Q2 2026, one quarter
Average holding period
4.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.18B (Q3 2023)

Q1 2021: $1.70BQ2 2021: $1.76BQ3 2021: $1.95BQ4 2021: $2.16BQ1 2022: $2.16BQ2 2022: $1.89BQ3 2022: $1.51BQ4 2022: $1.59BQ1 2023: $2.02BQ2 2023: $1.98BQ3 2023: $2.18BQ4 2023: $1.75BQ1 2024: $1.95BQ2 2024: $1.65BQ3 2024: $1.68BQ4 2024: $1.79BQ1 2025: $1.47BQ2 2025: $1.47BQ3 2025: $1.47BQ4 2025: $1.32BQ1 2026: $1.12BQ2 2026: $1.30B
Q1 2021Q2 2026
13F filings of Waratah Capital Advisors Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026107$1.30BDSGXTDYFSSvs. Q1 2026SEC
Q1 2026May 11, 202698$1.12BDSGXAGIKGCvs. Q4 2025SEC
Q4 2025Feb 9, 2026104$1.32BKGCCGAUBGSIvs. Q3 2025SEC
Q3 2025Nov 10, 2025138$1.47BCGAUPAASTDYvs. Q2 2025SEC
Q2 2025Aug 11, 2025121$1.47BNVDACGAUSTNvs. Q1 2025SEC
Q1 2025May 13, 2025137$1.47BMKCIDXXCNQvs. Q4 2024SEC
Q4 2024Feb 12, 2025112$1.79BTACAEMKGCvs. Q3 2024SEC
Q3 2024Nov 12, 202498$1.68BGPKKGCCNQvs. Q2 2024SEC
Q2 2024Aug 12, 202478$1.65BCNQBROSGPKvs. Q1 2024SEC
Q1 2024May 14, 2024129$1.95BSUIGPKFUNvs. Q4 2023SEC
Q4 2023Feb 12, 2024132$1.75BSUICNQGPKvs. Q3 2023SEC
Q3 2023Nov 13, 2023126$2.18BCNQSUITECKvs. Q2 2023SEC
Q2 2023Aug 14, 2023130$1.98BCNQTECKSUIvs. Q1 2023SEC
Q1 2023May 11, 2023142$2.02BCNQGPKPRKSvs. Q4 2022SEC
Q4 2022Feb 10, 2023160$1.59BCNQGPKCVEvs. Q3 2022SEC
Q3 2022Nov 7, 2022125$1.51BCNQFUNSUIvs. Q2 2022SEC
Q2 2022Aug 15, 2022141$1.89BSUIPAYCFUNvs. Q1 2022SEC
Q1 2022May 9, 2022159$2.16BFUNSUICNQvs. Q4 2021SEC
Q4 2021Feb 14, 2022223$2.16BSUILAMRCVEvs. Q3 2021SEC
Q3 2021Nov 2, 2021223$1.95BSUICVEGPKvs. Q2 2021SEC
Q2 2021Aug 3, 2021228$1.76BSUIWFGGPKvs. Q1 2021SEC
Q1 2021May 11, 2021256$1.70BSUIWFGGPK–SEC

13D and 13G filings

Companies where Waratah Capital Advisors Ltd. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Waratah Capital Advisors Ltd. does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by Waratah Capital Advisors Ltd. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Waratah Capital Advisors Ltd.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ATLXAtlas Lithium CorpJan 13, 20256:08 PM ET13G/A3.73%568.9K shares–Below 5%Dec 31, 2024SEC
ATLXAtlas Lithium CorpJan 31, 202413GOld format–New–SEC