SIG North Trading, ULC
CIK 1868643 · View on SEC EDGAR ↗
- Portfolio value
- $5.4B
- Positions
- 286
- As of
- June 30, 2026
#757 of 9,443 by 13F value · top 8.0%
Portfolio value QoQ: +8.8% 13F does not disclose cash
- Top 10 holdings weight
- 37.12%
- Top 25 holdings weight
- 65.66%
- Positions above 1%
- 29
- Effective number of positions
- 45.3
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 11.62% Est. buys $903,318,050 · sells $604,748,049
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 80.1% still held
- New positions
- 33
- Increased
- 122
- Decreased
- 124
- Closed
- 6
Put-notional exposure: 48.8% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +29.4% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 96.1% · Options excluded: 88.0%
Sector breakdown
Financials
45.5%
Energy
20.9%
Telecommunication
12.5%
Materials
7.2%
Industrials
4.0%
Technology
2.8%
Utilities
2.7%
Financial Services
1.2%
Consumer Discretionary
1.0%
Healthcare
0.2%
Paper & Forest
0.1%
Consumer Staples
0.0%
Other/Unmapped
2.0%
Full portfolio 286 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| RY Royal Bank Of Canada Common Stock | $311,200,092 | 5.74% | 1,503,600 | Put option | $113,084,304 | Up ×1 | |
| RY Royal Bank Of Canada Common Stock | $246,728,937 | 4.55% | 1,192,100 | Call option | $74,870,043 | Up ×1 | |
| CM Canadian Imperial Bank of Commerce Common Stock | $236,957,500 | 4.37% | 2,060,500 | Call option | $34,988,400 | Down ×1 | |
| BMO Bank Of Montreal Common Stock | $208,788,720 | 3.85% | 1,181,600 | Put option | $-17,486,226 | Down ×2 | |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $189,754,084 | 3.50% | 2,185,100 | Put option | $53,324,280 | Up ×1 | |
| TD Toronto Dominion Bank (The) Common Stock | $170,839,867 | 3.15% | 1,406,900 | Put option | $48,799,718 | Up ×1 | |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $168,052,768 | 3.10% | 1,935,200 | Call option | $52,970,444 | Up ×1 | |
| RCI Rogers Communication, Inc. Common Stock | $167,761,750 | 3.09% | 5,161,900 | Put option | $-103,641,420 | Down ×2 | |
| ENB Enbridge Inc Common Stock | $157,078,896 | 2.90% | 2,897,600 | Put option | $982,448 | Up ×1 | |
| CM Canadian Imperial Bank of Commerce Common Stock | $156,124,000 | 2.88% | 1,357,600 | Put option | $29,841,200 | Up ×1 | |
| SU Suncor Energy Inc. Common Stock | $142,584,816 | 2.63% | 2,656,200 | Put option | $-53,933,770 | Down ×3 | |
| TD Toronto Dominion Bank (The) Common Stock | $141,380,949 | 2.61% | 1,164,300 | Call option | $105,531,247 | Up ×1 | |
| TRP TC Energy Corporation Common Stock | $138,665,422 | 2.56% | 2,091,800 | Put option | $-294,058 | Down ×2 | |
| BMO Bank Of Montreal Common Stock | $131,659,170 | 2.43% | 745,100 | Call option | $65,342,570 | Up ×1 | |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $111,547,456 | 2.06% | 1,284,517 | $44,680,911 | Up ×2 | ||
| TU Telus Corporation Ordinary Shares | $109,249,406 | 2.01% | 10,335,800 | Put option | $-61,461,442 | Down ×1 | |
| CM Canadian Imperial Bank of Commerce Common Stock | $103,402,825 | 1.91% | 899,155 | ||||
| CNQ Canadian Natural Resources Limited Common Stock | $99,401,750 | 1.83% | 2,516,500 | Put option | $-49,346,575 | Down ×3 | |
| ENB Enbridge Inc Common Stock | $96,033,015 | 1.77% | 1,771,500 | Call option | $18,569,503 | Up ×1 | |
| BCE BCE, Inc. Common Stock | $86,349,744 | 1.59% | 4,014,400 | Put option | $-33,479,680 | Down ×3 | |
| CCJ Cameco Corporation Common Stock | $85,949,468 | 1.58% | 843,800 | Call option | $23,205,471 | Up ×2 | |
| MFC Manulife Financial Corporation Common Stock | $81,619,548 | 1.51% | 2,014,800 | Put option | $5,906,652 | Down ×2 | |
| SLF Sun Life Financial Inc. Common Stock | $80,937,282 | 1.49% | 1,032,100 | Put option | $9,981,730 | Down ×3 | |
| TU Telus Corporation Ordinary Shares | $70,053,056 | 1.29% | 6,627,536 | $-40,791,036 | Down ×1 | ||
| AEM Agnico Eagle Mines Limited Common Stock | $68,722,590 | 1.27% | 443,000 | Call option | $13,329,348 | Up ×1 | |
| CVE Cenovus Energy Inc Common Stock | $65,548,020 | 1.21% | 2,642,000 | Put option | $-1,437,577 | Up ×1 | |
| TRP TC Energy Corporation Common Stock | $60,383,561 | 1.11% | 910,900 | Call option | $3,937,141 | Up ×1 | |
| BCE BCE, Inc. Common Stock | $55,887,282 | 1.03% | 2,598,200 | Call option | $2,651,074 | Up ×1 | |
| SLF Sun Life Financial Inc. Common Stock | $55,364,520 | 1.02% | 706,000 | Call option | $19,067,208 | Up ×2 | |
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $51,940,482 | 0.96% | 454,900 | Call option | $28,050,414 | Up ×2 | |
| BCE BCE, Inc. Common Stock | $49,044,908 | 0.90% | 2,280,098 | $11,473,477 | Up ×2 | ||
| RCI Rogers Communication, Inc. Common Stock | $47,758,750 | 0.88% | 1,469,500 | Call option | $-28,706,765 | Down ×2 | |
| RCI Rogers Communication, Inc. Common Stock | $47,429,980 | 0.87% | 1,459,384 | $5,235,681 | Up ×1 | ||
| CCJ Cameco Corporation Common Stock | $46,152,766 | 0.85% | 453,100 | Put option | $11,202,068 | Up ×4 | |
| TU Telus Corporation Ordinary Shares | $42,138,362 | 0.78% | 3,986,600 | Call option | $-18,618,103 | Down ×2 | |
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $42,052,494 | 0.78% | 368,300 | Put option | $30,143,046 | Up ×2 | |
| PBA Pembina Pipeline Corp. Ordinary Shares (Canada) | $40,445,625 | 0.75% | 874,500 | Put option | $-836,523 | Down ×3 | |
| CNQ Canadian Natural Resources Limited Common Stock | $39,748,850 | 0.73% | 1,006,300 | Call option | $-16,154,206 | Down ×3 | |
| B Barrick Mining Corporation Common Shares | $37,765,786 | 0.70% | 1,028,200 | Call option | $16,326,562 | Up ×1 | |
| MFC Manulife Financial Corporation Common Stock | $37,459,597 | 0.69% | 924,700 | Call option | $23,249,653 | Up ×2 | |
| AEM Agnico Eagle Mines Limited Common Stock | $33,647,697 | 0.62% | 216,900 | Put option | $-8,856,315 | Up ×1 | |
| CNI Canadian National Railway Company Common Stock | $32,182,876 | 0.59% | 269,900 | Call option | $11,341,120 | Up ×1 | |
| BN Brookfield Corporation Class A Limited Voting Shares | $29,318,956 | 0.54% | 688,400 | Call option | $-952,604 | Down ×3 | |
| PBA Pembina Pipeline Corp. Ordinary Shares (Canada) | $29,165,250 | 0.54% | 630,600 | Call option | $2,152,590 | Up ×2 | |
| CVE Cenovus Energy Inc Common Stock | $28,997,928 | 0.53% | 1,168,800 | Call option | $-6,135,751 | Down ×2 | |
| TD Toronto Dominion Bank (The) Common Stock | $26,431,304 | 0.49% | 217,667 | $-1,272,155 | Down ×1 | ||
| BEP Brookfield Renewable Partners L.P. Limited Partnership Units | $25,807,863 | 0.48% | 743,100 | Put option | $169,143 | Down ×1 | |
| CLS Celestica, Inc. Common Stock | $24,952,320 | 0.46% | 68,400 | Call option | $417,992 | Down ×1 | |
| SU Suncor Energy Inc. Common Stock | $24,574,704 | 0.45% | 457,800 | Call option | $-24,888,798 | Down ×1 | |
| CP Canadian Pacific Kansas City Limited Common Shares | $24,244,670 | 0.45% | 279,800 | Call option | $4,351,556 | Up ×3 | |
| FTS Fortis Inc. Common Shares | $22,966,399 | 0.42% | 401,300 | Call option | $18,497,620 | Up ×1 | |
| BIP Brookfield Infrastructure Partners LP Limited Partnership Units | $22,401,211 | 0.41% | 613,900 | Put option | $-6,491,177 | Down ×1 | |
| CLS Celestica, Inc. Common Stock | $22,216,320 | 0.41% | 60,900 | Put option | $3,202,920 | Down ×1 | |
| EMA Emera Incorporated Common Shares | $21,610,952 | 0.40% | 407,600 | Call option | $3,933,656 | Up ×1 | |
| TRP TC Energy Corporation Common Stock | $19,728,898 | 0.36% | 297,615 | $6,555,104 | Up ×2 | ||
| TFII TFI International Inc. Common Shares | $19,468,092 | 0.36% | 135,600 | Call option | $14,710,098 | Up ×4 | |
| BAM Brookfield Asset Management Inc Class A Limited Voting Shares | $19,263,075 | 0.36% | 429,500 | Call option | $7,706,075 | Up ×3 | |
| NTR Nutrien Ltd. Common Shares | $19,042,375 | 0.35% | 302,500 | Call option | $-22,762,465 | Down ×1 | |
| B Barrick Mining Corporation Common Shares | $18,732,300 | 0.35% | 510,000 | Put option | $5,805,949 | Up ×1 | |
| TECK Teck Resources Ltd Ordinary Shares | $17,730,972 | 0.33% | 298,200 | Call option | $-2,053,053 | Down ×1 | |
| WCN Waste Connections, Inc. Common Shares | $16,952,373 | 0.31% | 101,700 | Call option | $4,282,053 | Up ×3 | |
| FNV Franco-Nevada Corporation | $15,528,780 | 0.29% | 74,500 | Call option | $-11,078,505 | Down ×2 | |
| BIP Brookfield Infrastructure Partners LP Limited Partnership Units | $15,519,197 | 0.29% | 425,300 | Call option | $-9,067,687 | Down ×2 | |
| CNI Canadian National Railway Company Common Stock | $15,453,504 | 0.28% | 129,600 | Put option | $-2,490,138 | Down ×1 | |
| B Barrick Mining Corporation Common Shares | $15,141,538 | 0.28% | 412,239 | $830,285 | Up ×4 | ||
| KGC Kinross Gold Corporation Common Stock | $14,398,752 | 0.27% | 609,600 | Call option | $5,633,408 | Up ×1 | |
| MGA Magna International, Inc. Common Stock | $13,381,508 | 0.25% | 203,800 | Call option | $260,577 | Down ×1 | |
| TAC TransAlta Corporation Ordinary Shares | $12,997,434 | 0.24% | 939,800 | Call option | $2,675,944 | Up ×1 | |
| HUT Hut 8 Corp. - Common Stock | $11,752,810 | 0.22% | 101,800 | Call option | $1,183,987 | Down ×2 | |
| NTR Nutrien Ltd. Common Shares | $11,274,345 | 0.21% | 179,100 | Put option | $1,570,189 | Up ×2 | |
| IMO | $11,213,202 | 0.21% | 100,100 | Call option | $-2,208,930 | Down ×2 | |
| BB BlackBerry Limited Common Stock | $10,943,515 | 0.20% | 865,100 | Call option | $8,807,707 | Up ×2 | |
| GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock | $10,887,600 | 0.20% | 211,000 | Call option | $10,303,275 | Up ×1 | |
| TECK Teck Resources Ltd Ordinary Shares | $10,863,342 | 0.20% | 182,700 | Put option | $-13,096,908 | Down ×1 | |
| GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock | $10,459,320 | 0.19% | 202,700 | Put option | $7,064,670 | Up ×3 | |
| Unknown issuer (CUSIP: 55293N109) | $10,138,368 | 0.19% | 245,600 | Call option | $6,806,256 | Up ×1 | |
| XLE XLE | $9,559,800 | 0.18% | 180,000 | Put option | $-1,467,000 | ||
| HBM Hudbay Minerals Inc. Ordinary Shares (Canada) | $9,500,664 | 0.18% | 402,400 | Call option | $1,943,224 | Up ×2 | |
| TFII TFI International Inc. Common Shares | $9,343,823 | 0.17% | 65,082 | $5,861,362 | Up ×1 | ||
| Unknown issuer (CUSIP: 884903881) | $9,220,543 | 0.17% | 112,900 | Put option | Up ×1 | ||
| Unknown issuer (CUSIP: 884903881) | $9,040,869 | 0.17% | 110,700 | Call option | Up ×1 | ||
| BMO Bank Of Montreal Common Stock | $8,651,409 | 0.16% | 48,961 | ||||
| BN Brookfield Corporation Class A Limited Voting Shares | $8,562,720 | 0.16% | 201,050 | Put option | $881,514 | Up ×6 | |
| AAUC Allied Gold Corporation Common Shares | $7,980,568 | 0.15% | 335,600 | Call option | $537,176 | Up ×2 | |
| OVV Ovintiv Inc. (DE) | $7,671,105 | 0.14% | 145,700 | Call option | $-2,580,367 | Down ×1 | |
| BGSI Boyd Group Services Inc. Common Shares | $7,616,910 | 0.14% | 80,500 | Put option | Up ×1 | ||
| FNV Franco-Nevada Corporation | $7,191,180 | 0.13% | 34,500 | Put option | $2,101,950 | Up ×2 | |
| RBA RB Global, Inc. Common Stock | $7,068,515 | 0.13% | 60,700 | Put option | $4,844,795 | Up ×2 | |
| BAM Brookfield Asset Management Inc Class A Limited Voting Shares | $6,974,175 | 0.13% | 155,500 | Put option | $244,445 | Up ×2 | |
| MGA Magna International, Inc. Common Stock | $6,868,036 | 0.13% | 104,600 | Put option | $-74,728 | Down ×1 | |
| PAAS Pan American Silver Corp. Common Stock | $6,328,827 | 0.12% | 141,300 | Call option | $-5,187,177 | Down ×2 | |
| CAE CAE Inc. Ordinary Shares | $6,124,664 | 0.11% | 244,400 | Call option | $5,869,374 | Up ×1 | |
| GIB CGI Inc. Common Stock | $6,063,123 | 0.11% | 93,900 | Call option | $237,053 | Up ×3 | |
| WPM Wheaton Precious Metals Corp Common Shares (Canada) | $5,795,712 | 0.11% | 51,600 | Call option | $-2,667,534 | Down ×2 | |
| OTEX Open Text Corporation - Common Shares | $5,705,840 | 0.11% | 257,600 | Call option | $2,565,552 | Up ×2 | |
| QSR Restaurant Brands International Inc. Common Shares | $5,677,533 | 0.10% | 78,300 | Call option | $-1,365,137 | Down ×1 | |
| TAC TransAlta Corporation Ordinary Shares | $5,493,276 | 0.10% | 397,200 | Put option | $259,826 | Down ×2 | |
| HUT Hut 8 Corp. - Common Stock | $5,437,695 | 0.10% | 47,100 | Put option | $235,376 | Down ×2 | |
| SOBO South Bow Corporation Common Shares | $5,412,864 | 0.10% | 153,600 | Call option | $-2,417,336 | Down ×1 | |
| HBM Hudbay Minerals Inc. Ordinary Shares (Canada) | $5,340,582 | 0.10% | 226,200 | Put option | $2,897,372 | Up ×2 | |
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| CCJ | $46,152,766 | 0.85% | up ×4 |
| CP | $24,244,670 | 0.45% | up ×3 |
| TFII | $19,468,092 | 0.36% | up ×4 |
| BAM | $19,263,075 | 0.36% | up ×3 |
| WCN | $16,952,373 | 0.31% | up ×3 |
| B | $15,141,538 | 0.28% | up ×4 |
| GIL | $10,459,320 | 0.19% | up ×3 |
| BN | $8,562,720 | 0.16% | up ×6 |
| GIB | $6,063,123 | 0.11% | up ×3 |
| BHC | $4,360,585 | 0.08% | up ×4 |
| OR | $2,688,550 | 0.05% | up ×3 |
| BEPC | $2,397,952 | 0.04% | up ×3 |
| GIB | $2,356,805 | 0.04% | up ×3 |
| BB | $2,342,780 | 0.04% | up ×3 |
| GFL | $1,944,977 | 0.04% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| CM | $103,402,825 | 899,155 | 1.91% |
| Unknown issuer (CUSIP: 884903881) | $9,220,543 | 112,900 | 0.17% |
| Unknown issuer (CUSIP: 884903881) | $9,040,869 | 110,700 | 0.17% |
| BMO | $8,651,409 | 48,961 | 0.16% |
| BGSI | $7,616,910 | 80,500 | 0.14% |
| CNQ | $4,735,063 | 119,875 | 0.09% |
| Unknown issuer (CUSIP: 884903881) | $4,053,527 | 49,633 | 0.07% |
| AYASF | $3,867,548 | 204,200 | 0.07% |
| GDX | $3,772,500 | 50,000 | 0.07% |
| AYASF | $3,007,672 | 158,800 | 0.06% |
| AAUC | $1,692,589 | 71,177 | 0.03% |
| WCN | $1,352,689 | 8,115 | 0.02% |
| AYASF | $1,318,735 | 69,627 | 0.02% |
| SKE | $783,804 | 29,400 | 0.01% |
| Unknown issuer (CUSIP: 811927102) | $697,554 | 27,100 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| RY | Bought more | +279K | +$113.1M |
| TD | Bought more | +780K | +$105.5M |
| RCI | Trimmed | -1.9M | -$103.6M |
| RY | Bought more | +130K | +$74.9M |
| BMO | Bought more | +255K | +$65.3M |
| TU | Trimmed | -3.0M | -$61.5M |
| SU | Trimmed | -316K | -$53.9M |
| BNS | Bought more | +217K | +$53.3M |
| BNS | Bought more | +275K | +$53.0M |
| CNQ | Trimmed | -536K | -$49.3M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| TRI | June 30, 2026 | 220,144 | $19,808,557 | 30.7% |
| GOLD | June 30, 2025 | 908,950 | $17,669,988 | 102.5% |
| VRN | June 30, 2025 | 1,427,854 | $9,452,393 | No longer tracked |
| MAG | Sept. 30, 2025 | 201,300 | $4,253,469 | No longer tracked |
| SA | June 30, 2026 | 134,529 | $3,812,552 | 30.1% |
| SAND | Dec. 31, 2025 | 136,429 | $1,708,091 | No longer tracked |
| BITO | Sept. 30, 2025 | 74,687 | $1,606,517 | No longer tracked |
| ORXXXX | June 30, 2025 | 72,300 | $1,526,976 | No longer tracked |
| GRTUF | March 31, 2026 | 20,500 | $1,213,395 | No longer tracked |
| NEM | June 30, 2026 | 10,201 | $1,104,258 | 35.8% |
| SILV | March 31, 2025 | 95,886 | $872,563 | No longer tracked |
| CNL | June 30, 2026 | 22,200 | $390,942 | |
| STKL | June 30, 2026 | 43,622 | $282,671 | No longer tracked |
| BITF | June 30, 2026 | 81,400 | $158,730 | No longer tracked |
| NG | March 31, 2025 | 11,300 | $37,629 | No longer tracked |