SIG North Trading, ULC

CIK

1868643

Location

Bala Cynwyd, PA

Portfolio Value

Mid $1,271,816,232

Diversification

Diversified

Filing Date

Global Rank

#526 / 8,232 ▲ 7

Top Industry

Banks - Diversified 30.1%

3Y Alpha vs SPY

+0.5%

Period ended 3 months ago

Filed May 15, 2026 · 31d

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

+76.5%

SPY

+74.2%

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

19 positions · $1,271,816,232 total · Energy only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ENB	Enbridge Inc Energy	Reduced	4,560,700	-1,513,687	$246,916,298	−15.0%	19.41%
SU	Suncor Energy Inc Energy	Reduced	3,720,800	-252,843	$245,982,088	+39.5%	19.34%
TRP	Tc Energy Corp Energy	Reduced	3,331,944	-1,089,752	$208,579,694	−14.2%	16.40%
CNQ	Canadian Natural Resources Ltd Energy	Reduced	4,199,700	-1,329,126	$204,651,381	+9.4%	16.09%
CVE	Cenovus Energy Inc. Energy	Reduced	3,906,459	-624,457	$103,638,357	+35.2%	8.15%
CCJ	Cameco Corp Energy	Added	899,500	+164,800	$97,694,695	+45.3%	7.68%
PBA	Pembina Pipeline Corp Energy	Reduced	1,561,564	-1,511,168	$69,895,604	−40.2%	5.50%
IMO	Imperial Oil Ltd Energy	Added	207,749	+54,213	$27,177,724	+105.1%	2.14%
SOBO	South Bow Corp Energy	Added	437,108	+165,910	$14,564,438	+95.5%	1.15%
OVV	Ovintiv Inc. Energy	Added	228,300	+126,000	$13,551,888	+238.0%	1.07%
VET	Vermilion Energy Inc. Energy	Reduced	963,324	-2,946,305	$13,274,604	−59.3%	1.04%
PDS	PRECISION DRILLING Corp Energy	Reduced	73,900	-19,948	$7,271,760	+7.8%	0.57%
UUUU	Energy Fuels Inc Energy	Added	349,431	+101,722	$6,377,115	+77.1%	0.50%
NXE	NexGen Energy Ltd. Energy	Reduced	464,677	-189,695	$5,390,253	−10.5%	0.42%
BTE	Baytex Energy Corp. Energy	Reduced	842,760	-198,190	$3,767,137	+12.0%	0.30%
EFXT	Enerflex Ltd. Energy	NEW	87,600	NEW	$1,832,592	NEW	0.14%
OBE	Obsidian Energy Ltd. Energy	Added	67,048	+10,600	$634,944	+83.5%	0.05%
SUNC	SunocoCorp LLC Energy	Added	5,984	+1,218	$368,913	+57.1%	0.03%
DNN	Denison Mines Corp. Energy	NEW	69,900	NEW	$246,747	NEW	0.02%