SIG North Trading, ULC

CIK

1868643

Location

Bala Cynwyd, PA

Portfolio Value

Mid $4,973,363,627

Diversification

Diversified

Filing Date

Global Rank

#526 / 8,232 ▲ 7

Top Industry

Banks - Diversified 30.1%

3Y Alpha vs SPY

+0.5%

Period ended 2 months ago

Filed May 15, 2026 · 30d

17 quarters · since Dec 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+78.5%

SPY

+76.3%

Annualised alpha

+0.5%

Max drawdown

−16.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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