Waratah Capital Advisors Ltd.'s Q3 vs. Q4 2022 Holdings: A Closer Look

Waratah Capital Advisors Ltd. recently released their Q3 and Q4 2022 13F holdings, revealing some interesting changes in their investment portfolio. In this blog post, we'll take a closer look at these changes and what they mean for the company.

Introduction:

Waratah Capital Advisors Ltd. is a reputable hedge fund based in Canada that specializes in long-short equity investments. The company manages over CAD 2 billion and has been in operation for over 20 years. In their Q3 and Q4 2022 13F holdings report, the company disclosed their current financial positions, revealing some notable changes in their investments.

Main Body:

Let's delve into some of the major takeaways from the report, starting with the increase in holdings of the "INVESCO QQQ TR" stock. Waratah Capital Advisors Ltd. increased their shares of this stock significantly from 4.2 million in Q3 to 8.4 million in Q4, representing an increase of 96.7%. This is a notable shift towards the technology sector as the "INVESCO QQQ TR" is an exchange-traded fund (ETF) that tracks the performance of the Nasdaq-100 Index.

On the other hand, Waratah Capital Advisors Ltd. made some major decreases in their holdings of the "SPDR S&P 500 ETF TR" (SPY) and the "ISHARES TR" (TLT), with a decrease in shares of 63.7% and 56.3%, respectively. These are significant moves away from these two stocks, which could potentially indicate a shift in the company's investment strategy.

Another interesting change was the addition of 1.8 million shares of "SELECT SECTOR SPDR TR" (XLE), representing an increase of 1186% from Q3. This fund tracks the performance of energy stocks in the S&P 500 Index, indicating that Waratah Capital Advisors Ltd. may be leaning towards a more bullish stance on energy.

Waratah Capital Advisors Ltd. also added 400,000 shares of "APPLE INC" (AAPL) and 139,000 shares of "TELEDYNE TECHNOLOGIES INC" (TDY). Meanwhile, they sold all of their shares in "HESS CORP" (HES), "NETFLIX INC" (NFLX), and "SPDR GOLD TR" (GLD) stocks.

Conclusion:

In conclusion, the Q3 and Q4 2022 13F holdings report from Waratah Capital Advisors Ltd. reveals some interesting moves in their investment positions. The increase in technology and energy-related stocks and decrease in bond-related stocks suggest a potential shift towards more aggressive and optimistic investments. It remains to be seen whether these changes will pay off for the hedge fund in the long term, but it's clear that investors should keep a close eye on Waratah Capital Advisors Ltd. in the coming months.