SIG North Trading, ULC

CIK

1868643

Location

Bala Cynwyd, PA

Portfolio Value

Mid $4,973,363,627

Diversification

Diversified

Filing Date

Global Rank

#672 / 8,622 ▼ 25 · as of Mar 2026

Top Industry

Banks - Diversified 30.1%

3Y Alpha vs SPY

-1.3%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

17 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of SIG North Trading, ULC's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 12% that is ordinary stock — as little as 9% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+66.7%

SPY

+67.9%

Annualised alpha

-0.3%

Max drawdown

−16.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 12% of reported value on average across 12 quarters. Past performance does not predict future results.

Portfolio Concentration

110 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.8%

−0.6 pts

Top 5

35.2%

−3.3 pts

Top 10

59.4%

−4.4 pts

HHI

436

Diversified−47

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	36.5%	$1,816,692,388	13
Energy	25.6%	$1,271,816,232	19
Communication Services	19.0%	$943,011,452	3
Basic Materials	9.8%	$488,658,127	35
Industrials	2.9%	$143,942,394	12
Utilities	2.9%	$142,421,228	7
Technology	2.1%	$105,223,280	8
Consumer Cyclical	1.1%	$53,321,304	5
Healthcare	0.1%	$7,021,067	5
Consumer Defensive	0.0%	$1,256,155	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TU	Telus Corp	+3,436,890	26,680,546	$342,311,405
BTG	B2gold Corp	+972,470	2,666,182	$12,077,804
NTR	Nutrien Ltd.	+361,006	881,734	$66,535,647
AAUC	Allied Gold Corp	+358,400	377,000	$11,702,080
BB	BLACKBERRY Ltd	+313,100	779,600	$2,525,904
PSLV	Sprott Physical Silver Trust	+279,990	620,276	$15,128,531
TECK	Teck Resources Ltd	+244,613	894,013	$46,265,172
QSR	Restaurant Brands International Inc.	+217,900	331,200	$24,475,680
BHC	Bausch Health Companies Inc.	+195,300	633,600	$3,421,440
BAM	Brookfield Asset Management Ltd.	+194,404	446,175	$19,832,478
TRI	Thomson Reuters Corp /Can/	+183,644	220,144	$19,808,557
SOBO	South Bow Corp	+165,910	437,108	$14,564,438
CCJ	Cameco Corp	+164,800	899,500	$97,694,695
OVV	Ovintiv Inc.	+126,000	228,300	$13,551,888
SHOP	Shopify Inc.	+122,650	331,213	$39,288,486
ASTL	Algoma Steel Group Inc.	+114,200	469,917	$1,940,757
MEOH	Methanex Corp	+102,838	194,900	$11,604,346
UUUU	Energy Fuels Inc	+101,722	349,431	$6,377,115
BLDP	Ballard Power Systems Inc.	+96,900	297,038	$718,831
OTEX	Open Text Corp	+95,100	219,600	$4,883,904
BEP	Brookfield Renewable Partners L.P.	+91,919	1,163,348	$37,971,678
EXK	Endeavour Silver Corp	+89,521	454,094	$4,227,615
SVM	Silvercorp Metals Inc	+86,989	418,428	$4,493,916
TLRY	Tilray Brands, Inc.	+74,670	229,717	$1,486,268
HBM	Hudbay Minerals Inc.	+65,435	491,635	$10,275,171
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VET	Vermilion Energy Inc.	−2,946,305	963,324	$13,274,604
BCE	Bce Inc	−2,760,078	8,345,367	$210,637,063
RCI	Rogers Communications Inc	−1,564,166	10,144,681	$390,062,984
ENB	Enbridge Inc	−1,513,687	4,560,700	$246,916,298
PBA	Pembina Pipeline Corp	−1,511,168	1,561,564	$69,895,604
CNQ	CANADIAN NATURAL RESOURCES Ltd	−1,329,126	4,199,700	$204,651,381
TRP	Tc Energy Corp	−1,089,752	3,331,944	$208,579,694
TD	Toronto Dominion Bank	−1,007,309	1,988,997	$185,593,310
BMO	Bank Of Montreal /Can/	−997,248	2,161,900	$292,591,546
CM	Canadian Imperial Bank Of Commerce /Can/	−888,824	3,464,400	$328,251,900
BNS	Bank Of Nova Scotia	−833,539	4,593,546	$318,378,673
CVE	Cenovus Energy Inc.	−624,457	3,906,459	$103,638,357
EQX	Equinox Gold Corp.	−602,740	565,689	$8,179,862
KGC	Kinross Gold Corp	−579,581	482,464	$14,724,801
B	Barrick Mining Corp	−533,243	1,193,352	$48,676,828
SLF	Sun Life Financial Inc	−505,601	1,909,041	$119,429,604
FTS	Fortis Inc.	−431,700	108,300	$6,042,057
RY	Royal Bank Of Canada	−411,548	2,296,486	$371,525,505
CGC	Canopy Growth Corp	−410,830	1,228,993	$1,166,313
MFC	Manulife Financial Corp	−347,040	3,078,903	$106,037,419
PAAS	Pan American Silver Corp	−293,303	320,692	$17,519,403
SU	Suncor Energy Inc	−252,843	3,720,800	$245,982,088
CNI	Canadian National Railway Co	−212,785	399,016	$41,006,874
BTE	Baytex Energy Corp.	−198,190	842,760	$3,767,137
NXE	NexGen Energy Ltd.	−189,695	464,677	$5,390,253
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
MDA	MDA Space Ltd.	338,969	$8,582,695
PHYS	Sprott Physical Gold Trust	95,851	$3,396,959
EFXT	Enerflex Ltd.	87,600	$1,832,592
DNN	Denison Mines Corp.	69,900	$246,747
TMQ	Trilogy Metals Inc.	16,400	$58,876
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
GRTUF	Granite Real Estate Investment Trust	20,500	$1,213,395
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

110 tracked positions · $4,973,363,627 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 110 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RCI	Rogers Communications Inc PUT CALL + SHARES Communication Services	Reduced	10,144,681	-1,564,166	$390,062,984	−11.7%	7.84%
RY	Royal Bank Of Canada PUT CALL + SHARES Financial Services	Reduced	2,296,486	-411,548	$371,525,505	−19.5%	7.47%
TU	Telus Corp PUT CALL + SHARES Communication Services	Added	26,680,546	+3,436,890	$342,311,405	+11.8%	6.88%
CM	Canadian Imperial Bank Of Commerce /Can/ PUT CALL Financial Services	Reduced	3,464,400	-888,824	$328,251,900	−16.8%	6.60%
BNS	Bank Of Nova Scotia PUT CALL + SHARES Financial Services	Reduced	4,593,546	-833,539	$318,378,673	−20.4%	6.40%
BMO	Bank Of Montreal /Can/ PUT CALL Financial Services	Reduced	2,161,900	-997,248	$292,591,546	−28.6%	5.88%
ENB	Enbridge Inc PUT CALL + SHARES Energy	Reduced	4,560,700	-1,513,687	$246,916,298	−15.0%	4.96%
SU	Suncor Energy Inc PUT CALL Energy	Reduced	3,720,800	-252,843	$245,982,088	+39.5%	4.95%
BCE	Bce Inc PUT CALL + SHARES Communication Services	Reduced	8,345,367	-2,760,078	$210,637,063	−20.4%	4.24%
TRP	Tc Energy Corp PUT CALL + SHARES Energy	Reduced	3,331,944	-1,089,752	$208,579,694	−14.2%	4.19%
CNQ	CANADIAN NATURAL RESOURCES Ltd PUT CALL Energy	Reduced	4,199,700	-1,329,126	$204,651,381	+9.4%	4.11%
TD	Toronto Dominion Bank PUT CALL + SHARES Financial Services	Reduced	1,988,997	-1,007,309	$185,593,310	−34.2%	3.73%
SLF	Sun Life Financial Inc PUT CALL + SHARES Financial Services	Reduced	1,909,041	-505,601	$119,429,604	−20.7%	2.40%
MFC	Manulife Financial Corp PUT CALL + SHARES Financial Services	Reduced	3,078,903	-347,040	$106,037,419	−14.7%	2.13%
CVE	Cenovus Energy Inc. PUT CALL + SHARES Energy	Reduced	3,906,459	-624,457	$103,638,357	+35.2%	2.08%
AEM	Agnico Eagle Mines Ltd PUT CALL + SHARES Basic Materials	Reduced	496,257	-156,643	$100,730,245	−9.0%	2.03%
CCJ	Cameco Corp PUT CALL Energy	Added	899,500	+164,800	$97,694,695	+45.3%	1.96%
PBA	Pembina Pipeline Corp PUT CALL + SHARES Energy	Reduced	1,561,564	-1,511,168	$69,895,604	−40.2%	1.41%
NTR	Nutrien Ltd. PUT CALL + SHARES Basic Materials	Added	881,734	+361,006	$66,535,647	+107.0%	1.34%
BIPH	Brookfield Infrastructure Partners L.P. PUT CALL + SHARES Utilities	Reduced	1,489,135	-59,229	$53,787,556	−0.0%	1.08%
B	Barrick Mining Corp PUT CALL + SHARES Basic Materials	Reduced	1,193,352	-533,243	$48,676,828	−35.3%	0.98%
TECK	Teck Resources Ltd PUT CALL + SHARES Basic Materials	Added	894,013	+244,613	$46,265,172	+48.8%	0.93%
CLS	Celestica Inc PUT CALL Technology	Added	154,600	+28,100	$43,547,728	+16.5%	0.88%
CNI	Canadian National Railway Co PUT CALL + SHARES Industrials	Reduced	399,016	-212,785	$41,006,874	−32.2%	0.82%
SHOP	Shopify Inc. PUT CALL + SHARES Technology	Added	331,213	+122,650	$39,288,486	+17.0%	0.79%
BEP	Brookfield Renewable Partners L.P. PUT CALL + SHARES Utilities	Added	1,163,348	+91,919	$37,971,678	+31.4%	0.76%
BN	BROOKFIELD Corp /ON/ PUT CALL Financial Services	Added	937,800	+32,450	$37,952,766	−8.6%	0.76%
FNV	FRANCO NEVADA Corp PUT CALL + SHARES Basic Materials	Reduced	133,959	-941	$33,094,570	+18.4%	0.67%
IMO	Imperial Oil Ltd PUT CALL + SHARES Energy	Added	207,749	+54,213	$27,177,724	+105.1%	0.55%
CP	Canadian Pacific Kansas City Ltd/Cn PUT CALL + SHARES Industrials	Reduced	344,955	-9,307	$27,134,160	+4.0%	0.55%
QSR	Restaurant Brands International Inc. PUT CALL Consumer Cyclical	Added	331,200	+217,900	$24,475,680	+216.6%	0.49%
AG	First Majestic Silver Corp PUT CALL + SHARES Basic Materials	Reduced	1,097,147	-82,912	$23,566,717	+19.9%	0.47%
WPM	Wheaton Precious Metals Corp. PUT CALL + SHARES Basic Materials	Reduced	161,874	-88,726	$21,207,112	−28.0%	0.43%
MGA	Magna International Inc PUT CALL + SHARES Consumer Cyclical	Added	375,066	+43,770	$20,932,433	+18.5%	0.42%
BAM	Brookfield Asset Management Ltd. PUT CALL + SHARES Financial Services	Added	446,175	+194,404	$19,832,478	+50.4%	0.40%
TRI	Thomson Reuters Corp /Can/ PUT CALL + SHARES Industrials	Added	220,144	+183,644	$19,808,557	+311.5%	0.40%
TAC	Transalta Corp PUT CALL + SHARES Utilities	Added	1,510,152	+45,937	$19,782,991	+6.9%	0.40%
EMA	Emera Inc PUT CALL Utilities	Reduced	368,300	-25,100	$19,103,721	−1.4%	0.38%
PAAS	Pan American Silver Corp PUT CALL + SHARES Basic Materials	Reduced	320,692	-293,303	$17,519,403	−44.9%	0.35%
HUT	Hut 8 Corp. PUT CALL Financial Services	Reduced	336,200	-57,502	$15,771,142	−12.8%	0.32%
WCN	Waste Connections, Inc. PUT CALL Industrials	Added	95,200	+15,300	$15,464,288	+10.4%	0.31%
PSLV	Sprott Physical Silver Trust PUT CALL + SHARES Financial Services	Added	620,276	+279,990	$15,128,531	+88.0%	0.30%
TFII	TFI International Inc. PUT CALL + SHARES Industrials	Added	137,058	+36,738	$14,888,610	+43.6%	0.30%
KGC	Kinross Gold Corp PUT CALL + SHARES Basic Materials	Reduced	482,464	-579,581	$14,724,801	−50.8%	0.30%
SOBO	South Bow Corp PUT CALL + SHARES Energy	Added	437,108	+165,910	$14,564,438	+95.5%	0.29%
OVV	Ovintiv Inc. PUT CALL Energy	Added	228,300	+126,000	$13,551,888	+238.0%	0.27%
VET	Vermilion Energy Inc. PUT CALL + SHARES Energy	Reduced	963,324	-2,946,305	$13,274,604	−59.3%	0.27%
BTG	B2gold Corp PUT CALL + SHARES Basic Materials	Added	2,666,182	+972,470	$12,077,804	+58.1%	0.24%
AAUC	Allied Gold Corp PUT CALL Basic Materials	Added	377,000	+358,400	$11,702,080	+2649.8%	0.24%
MEOH	Methanex Corp PUT CALL Basic Materials	Added	194,900	+102,838	$11,604,346	+217.3%	0.23%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.