How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to Waratah Advisors Ltd.

13F Portfolio OverlapQ2 2026Waratah Advisors Ltd. portfolio →

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Most similar hedge funds by 13F overlap

Waratah Capital Advisors Ltd. is an institutional investor managing $2.9B across 142 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to Waratah Advisors Ltd. are Scheer, Rowlett & Associates Investment Ltd., INTACT INVESTMENT, SIG North Trading, ULC, with shared positions in $BMO, $CVE, $TD, $AEM, $CNI, $SU. The full ranking of 25 similar funds is below.

#1Scheer, Rowlett & Associates Investment Management Ltd.Active

Notable overlap · 10 shared positions

$BMO $CVE $TD $AEM $CNI $SU

$1.4B

30 positions

#2INTACT INVESTMENT MANAGEMENT INC.Passive

Notable overlap · 9 shared positions

$BMO $CVE $TD $AEM $MGA $CNI

$3.5B

274 positions

#3SIG North Trading, ULCActive

Notable overlap · 11 shared positions

$BMO $TD $AEM $CNI $RY $CVE

$5.4B

286 positions

#4Guardian Partners Inc.Passive

Notable overlap · 9 shared positions

$BMO $TD $MGA $CNI $SU $RY

$1.1B

391 positions

#5PCJ Investment Counsel Ltd.Passive

Notable overlap · 9 shared positions

$BMO $CVE $TD $AEM $CNI $SU

$348M

62 positions

#6MUFG SECURITIES (CANADA), LTD.Active

Notable overlap · 9 shared positions

$BMO $TD $AEM $CVE $CNI $SU

$3.7B

43 positions

#7BCV Asset Management Inc.Active

Notable overlap · 8 shared positions

$BMO $STN $ASML $MGA $RY $CNI

$3.3B

116 positions

#8Triasima Portfolio Management inc.Passive

Notable overlap · 8 shared positions

$BMO $TD $WELL $CNI $MGA $CVE

$740M

127 positions

#9Addenda Capital Inc.Active

Notable overlap · 8 shared positions

$BMO $TD $AEM $CNI $SU $RY

$3.7B

128 positions

#10GUARDIAN CAPITAL LPActive

Notable overlap · 7 shared positions

$BMO $ASML $TD $AEM $CNI $SU

$4.1B

174 positions

#11LETKO, BROSSEAU & ASSOCIATES INCActive

Notable overlap · 6 shared positions

$BMO $CVE $TD $MGA $CNI $RY

$6.8B

112 positions

#12TD Waterhouse Canada Inc.Passive

Notable overlap · 7 shared positions

$BMO $TD $AEM $CNI $SU $RY

$38.0B

2,405 positions

#13FIL LtdPassive

Notable overlap · 9 shared positions

$TD $BMO $CNI $SU $RY $TXN

$139.3B

1,144 positions

#14CIBC Asset Management IncPassive

Notable overlap · 7 shared positions

$BMO $TD $AEM $CNI $SU $RY

$45.6B

1,428 positions

#15Genus Capital Management Inc.Passive

Notable overlap · 7 shared positions

$BMO $TD $MGA $AEM $RY $SU

$1.0B

204 positions

#16Hillsdale Investment Management Inc.Passive

Notable overlap · 8 shared positions

$BMO $TD $AEM $CVE $SU $RY

$4.4B

647 positions

#17Murchinson Ltd.Passive

Notable overlap · 6 shared positions

$BMO $TD $CNI $SU $RY $IMO

$725M

125 positions

#18CIDEL ASSET MANAGEMENT INCPassive

Notable overlap · 7 shared positions

$BMO $TD $ASML $CNI $RY $SU

$2.1B

480 positions

#19CIBC WORLD MARKET INC.Passive

Notable overlap · 6 shared positions

$BMO $TD $AEM $RY $SU $CNI

$62.3B

1,540 positions

#20Cardinal Point Capital Management, ULCPassive

Notable overlap · 6 shared positions

$BMO $TD $AEM $CNI $SU $RY

$1.8B

294 positions

#21VIEWPOINT INVESTMENT PARTNERS CORPPassive

Notable overlap · 8 shared positions

$ASML $TD $LNG $CNI $RY $SU

$290M

127 positions

#22Connor, Clark & Lunn Investment Management Ltd.Passive

Notable overlap · 8 shared positions

$TD $AEM $BMO $CNI $SU $RY

$52.8B

1,622 positions

#23Burkett Asset Management LtdPassive

Notable overlap · 5 shared positions

$BMO $ASML $TD $CNI $RY

$107M

59 positions

#24MACKENZIE FINANCIAL CORPPassive

Notable overlap · 7 shared positions

$BMO $TD $AEM $CNI $SU $RY

$101.2B

1,554 positions

#25QV Investors Inc.Active

Notable overlap · 7 shared positions

$STN $TD $MGA $CNI $RY $IMO

$1.3B

68 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.