Waratah Capital Advisors’ Return, AUM, and Holdings

Let’s start with the largest two positions Waratah Capital Advisors held at the end of the Q3. The largest one is, without doubt, Roper Technologies, Inc. (NYSE:ROP), a technology company dealing with software developing and designing, which occupies 6.13% of its portfolio. The fund increased its stake in the company by 2%, holding 206,345 shares valued at $61.12 million. The other one is a real estate investment trust Sun Communities, Inc. (NYSE:SUI), with an interest in manufactured housing and  recreational vehicle communities, in which the fund raised its stake by 34%, holding 363,003 shares valued at $36.86 million what is 3.69% of its portfolio.

As for the biggest newcomers during the Q3, the most prominent new position is Xylem, Inc. (NYSE:XYL) a large American water technology provider, in which the fund acquired 337,502 shares valued at $26.96 million. The second one is Brookfield Property Partners L.p. (NASDAQ:BPY) a company which owns, operates and invests in commercial property. As of September 30th, the fund holds 842,574 shares of the company valued at $17.6 million.

When it comes to the fund increasing and lowering its stake in companies, the significant changes during the third quarter are evident. It seems the fund is quite optimistic regarding Diamondback Energy, Inc. (NASDAQ:FANG) and ServiceNow, Inc. (NYSE:NOW) since it raised its stakes in these companies by 3280% to 127,493 shares and 2720% to 53,854 shares, respectively. Quite the opposite is with Devon Energy Corp (NYSE:DVN) and Umh Properties, Inc. (NYSE:UMH), in which the fund actually lowered its stake by 99% to 5,307 shares and 89% to 36,609 shares respectively.

The biggest positions Waratah Capital Advisors Ltd. decided to completely sell during the third quarter were in Lexington Realty Trust (NYSE:LXP), and Kimco Realty Corp (NYSE:KIM) with 22,121 and 12,897 shares, respectively.