SIG North Trading, ULC
Sector Allocation
- Financials46.5%$254.1M
- Communication Services31.2%$170.6M
- Materials9.1%$49.7M
- Energy7.9%$43.2M
- Industrials2.1%$11.6M
- Utilities1.6%$8.5M
- Technology1.0%$5.2M
- Healthcare0.3%$1.6M
- Other0.2%$1.3M
- Consumer Staples0.2%$1.2M
AUM History
13fpro.ai/research/fund/sig-north-trading-ulc-1868643
Conviction and streaks
Concentrating · top 10 = 84.2%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
BNS
$111.5MCM
$103.4MTU
$70.1MBCE
$49.0MRCI
$47.4MTD
$26.4MTRP
$19.7MB
$15.1MTFII
$9.3MBMO
$8.7MENB
$5.3MCNQ
$4.7MBTG
$4.4MTRI
$4.1MVET
$3.8MAG
$3.6MPSLV
$3.1MBTE
$3.0MKGC
$2.4MWPM
$2.3M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/sig-north-trading-ulc-1868643
SIG North Trading, ULC 13F holdings — Q2 2026
$5.4B portfolio (+8.8% QoQ) · 286 holdings · Q2 2026 13F · top 10 are 84% of the stock portfolio
Includes $4.9B of put/call options ($2.6B puts, $2.2B calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $547.2M. Weights use the stock portfolio.
$111.5M
20.4% of stocks
+33%This quarter—Since Q-end—HeldAIQuality71.1#173Est. buy—$103.4M
18.9% of stocks
NewThis quarter—Since Q-endNew this quarterHeldAIQuality76.4#46Est. buy—$70.1M
12.8% of stocks
-23%This quarter—Since Q-end—HeldAIQuality55.5#1,233Est. buy—$49.0M
9.0% of stocks
+53%This quarter—Since Q-end—HeldAIQuality62.9#662Est. buy—$47.4M
8.7% of stocks
+33%This quarter—Since Q-end—HeldAIQuality—Est. buy—$26.4M
4.8% of stocks
-27%This quarter—Since Q-end—Held$19.7M
3.6% of stocks
+41%This quarter—Since Q-end—HeldAIQuality—Est. buy—$15.1M
2.8% of stocks
+17%This quarter—Since Q-end—Held$9.3M
1.7% of stocks
+103%This quarter—Since Q-end—HeldAIQuality—Est. buy—$8.7M
1.6% of stocks
NewThis quarter—Since Q-endNew this quarterHeld
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $111.5M | 20.4% | +33% | — | — | 71.1#173 | — | ||
| 2 | $103.4M | 18.9% | New | — | New this quarter | 76.4#46 | — | ||
| 3 | $70.1M | 12.8% | -23% | — | — | 55.5#1,233 | — | ||
| 4 | $49.0M | 9.0% | +53% | — | — | 62.9#662 | — | ||
| 5 | $47.4M | 8.7% | +33% | — | — | — | — | ||
| 6 | $26.4M | 4.8% | -27% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 7 | $19.7M | 3.6% | +41% | — | — | — | — | ||
| 8 | $15.1M | 2.8% | +17% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $9.3M | 1.7% | +103% | — | — | — | — | ||
| 10 | $8.7M | 1.6% | New | — | New this quarter | AI quality score is Pro: unlock with a free trial | — |
All holdings — SIG North Trading, ULC (Q2 2026)
286 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | ROYAL BANK OF CANADA | Financials | $311.2M | — | 1.50M | +23% | — | — | 13F | |
| 12 | ROYAL BANK OF CANADA | Financials | $246.7M | — | 1.19M | +12% | — | — | 13F | |
| 13 | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | Financials | $237.0M | — | 2.06M | -3% | — | — | 13F | |
| 14 | BANK OF MONTREAL /CAN/ | Financials | $208.8M | — | 1.18M | -29% | — | — | 13F | |
| 15 | BANK OF NOVA SCOTIA | Financials | $189.8M | — | 2.19M | +11% | — | — | 13F | |
| 16 | TORONTO DOMINION BANK | Financials | $170.8M | — | 1.41M | +8% | — | — | 13F | |
| 17 | BANK OF NOVA SCOTIA | Financials | $168.1M | — | 1.94M | +17% | — | — | 13F | |
| 18 | ROGERS COMMUNICATIONS INC | Communication Services | $167.8M | — | 5.16M | -27% | — | — | 13F | |
| 19 | ENBRIDGE INC | Energy | $157.1M | — | 2.90M | +0.5% | — | — | 13F | |
| 20 | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | Financials | $156.1M | — | 1.36M | +2% | — | — | 13F | |
| 21 | SUNCOR ENERGY INC | Energy | $142.6M | — | 2.66M | -11% | — | — | 13F | |
| 22 | TORONTO DOMINION BANK | Financials | $141.4M | — | 1.16M | +203% | — | — | 13F | |
| 23 | TC ENERGY CORP | Energy | $138.7M | — | 2.09M | -6% | — | — | 13F | |
| 24 | BANK OF MONTREAL /CAN/ | Financials | $131.7M | — | 745K | +52% | — | — | 13F | |
| 25 | TELUS CORP | Communication Services | $109.2M | — | 10.34M | -22% | — | — | 13F | |
| 26 | $CNQ PUT | CANADIAN NATURAL RESOURCES Ltd | Energy | $99.4M | — | 2.52M | -18% | |||
| 27 | $ENB CALL | ENBRIDGE INC | Energy | $96.0M | — | 1.77M | +24% | |||
| 28 | $BCE PUT | BCE INC | Communication Services | $86.3M | — | 4.01M | -15% | |||
| 29 | $CCJ CALL | CAMECO CORP | Materials | $85.9M | — | 844K | +46% | |||
| 30 | $MFC PUT | MANULIFE FINANCIAL CORP | Financials | $81.6M | — | 2.01M | -8% | |||
| 31 | $SLF PUT | SUN LIFE FINANCIAL INC | Financials | $80.9M | — | 1.03M | -9% | |||
| 32 | $AEM CALL | AGNICO EAGLE MINES LTD | Materials | $68.7M | — | 443K | +62% | |||
| 33 | $CVE PUT | CENOVUS ENERGY INC. | Energy | $65.5M | — | 2.64M | +5% | |||
| 34 | $TRP CALL | TC ENERGY CORP | Energy | $60.4M | — | 911K | +1% | |||
| 35 | $BCE CALL | BCE INC | Communication Services | $55.9M | — | 2.60M | +23% | |||
| 36 | $SLF CALL | SUN LIFE FINANCIAL INC | Financials | $55.4M | — | 706K | +22% | |||
| 37 | $SHOP CALL | SHOPIFY INC. | Technology | $51.9M | — | 455K | +126% | |||
| 38 | $RCI CALL | ROGERS COMMUNICATIONS INC | Communication Services | $47.8M | — | 1.47M | -26% | |||
| 39 | $CCJ PUT | CAMECO CORP | Materials | $46.2M | — | 453K | +41% | |||
| 40 | $TU CALL | TELUS CORP | Communication Services | $42.1M | — | 3.99M | -16% | |||
| 41 | $SHOP PUT | SHOPIFY INC. | Technology | $42.1M | — | 368K | +267% | |||
| 42 | $PBA PUT | PEMBINA PIPELINE CORP | Energy | $40.4M | — | 875K | -5% | |||
| 43 | $CNQ CALL | CANADIAN NATURAL RESOURCES Ltd | Energy | $39.7M | — | 1.01M | -12% | |||
| 44 | $B CALL | BARRICK MINING CORP | Materials | $37.8M | — | 1.03M | +96% | |||
| 45 | $MFC CALL | MANULIFE FINANCIAL CORP | Financials | $37.5M | — | 925K | +124% | |||
| 46 | $AEM PUT | AGNICO EAGLE MINES LTD | Materials | $33.6M | — | 217K | +4% | |||
| 47 | $CNI CALL | CANADIAN NATIONAL RAILWAY CO | Industrials | $32.2M | — | 270K | +33% | |||
| 48 | $BN CALL | BROOKFIELD Corp /ON/ | Real Estate | $29.3M | — | 688K | -8% | |||
| 49 | $PBA CALL | PEMBINA PIPELINE CORP | Energy | $29.2M | — | 631K | +4% | |||
| 50 | $CVE CALL | CENOVUS ENERGY INC. | Energy | $29.0M | — | 1.17M | -12% | |||
| 51 | $BEPC PUT | Brookfield Renewable Corp | Utilities | $25.8M | — | 743K | -5% | |||
| 52 | $CLS CALL | CELESTICA INC | Technology | $25.0M | — | 68K | -21% | |||
| 53 | $SU CALL | SUNCOR ENERGY INC | Energy | $24.6M | — | 458K | -39% | |||
| 54 | $CP CALL | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $24.2M | — | 280K | +11% | |||
| 55 | $FTS CALL | Fortis Inc. | Utilities | $23.0M | — | 401K | +401% | |||
| 56 | $BIP PUT | Brookfield Infrastructure Partners L.P. | Industrials | $22.4M | — | 614K | -23% | |||
| 57 | $CLS PUT | CELESTICA INC | Technology | $22.2M | — | 61K | -10% | |||
| 58 | $EMA CALL | EMERA INC | Utilities | $21.6M | — | 408K | +20% | |||
| 59 | $TFII CALL | TFI International Inc. | Industrials | $19.5M | — | 136K | +210% | |||
| 60 | $BAM CALL | Brookfield Asset Management Ltd. | Financials | $19.3M | — | 430K | +65% | |||
| 61 | $NTR CALL | Nutrien Ltd. | Materials | $19.0M | — | 303K | -45% | |||
| 62 | $B PUT | BARRICK MINING CORP | Materials | $18.7M | — | 510K | +61% | |||
| 63 | $TECK CALL | TECK RESOURCES LTD | Materials | $17.7M | — | 298K | -22% | |||
| 64 | $WCN CALL | Waste Connections, Inc. | Utilities | $17.0M | — | 102K | +30% | |||
| 65 | $FNV CALL | FRANCO NEVADA Corp | Materials | $15.5M | — | 75K | -31% | |||
| 66 | $BIP CALL | Brookfield Infrastructure Partners L.P. | Industrials | $15.5M | — | 425K | -38% | |||
| 67 | $CNI PUT | CANADIAN NATIONAL RAILWAY CO | Industrials | $15.5M | — | 130K | -26% | |||
| 68 | $KGC CALL | KINROSS GOLD CORP | Materials | $14.4M | — | 610K | +112% | |||
| 69 | $MGA CALL | MAGNA INTERNATIONAL INC | Industrials | $13.4M | — | 204K | -13% | |||
| 70 | $TAC CALL | TRANSALTA CORP | Utilities | $13.0M | — | 940K | +19% | |||
| 71 | $HUT CALL | Hut 8 Corp. | Financials | $11.8M | — | 102K | -55% | |||
| 72 | $NTR PUT | Nutrien Ltd. | Materials | $11.3M | — | 179K | +39% | |||
| 73 | $IMO CALL | IMPERIAL OIL LTD | Energy | $11.2M | — | 100K | -2% | |||
| 74 | $BB CALL | BLACKBERRY Ltd | Technology | $10.9M | — | 865K | +31% | |||
| 75 | $GIL CALL | Gildan Activewear Inc. | Consumer Discretionary | $10.9M | — | 211K | +1910% | |||
| 76 | $TECK PUT | TECK RESOURCES LTD | Materials | $10.9M | — | 183K | -61% | |||
| 77 | $GIL PUT | Gildan Activewear Inc. | Consumer Discretionary | $10.5M | — | 203K | +232% | |||
| 78 | $MDA CALL | MDA Space Ltd. | Industrials | $10.1M | — | 246K | +87% | |||
| 79 | — PUT | SELECT SECTOR SPDR TR - ST STR ENERG ETF | — | $9.6M | — | 180K | — | |||
| 80 | $HBM CALL | Hudbay Minerals Inc. | Materials | $9.5M | — | 402K | +11% | |||
| 81 | $TRI PUT | THOMSON REUTERS CORP /CAN/ | Communication Services | $9.2M | — | 113K | +13% | |||
| 82 | $TRI CALL | THOMSON REUTERS CORP /CAN/ | Communication Services | $9.0M | — | 111K | +59% | |||
| 83 | $BN PUT | BROOKFIELD Corp /ON/ | Real Estate | $8.6M | — | 201K | +6% | |||
| 84 | $AAUC CALL | Allied Gold Corp | Materials | $8.0M | — | 336K | +40% | |||
| 85 | $OVV CALL | Ovintiv Inc. | Energy | $7.7M | — | 146K | -16% | |||
| 86 | $BGSI PUT | Boyd Group Services Inc. | Consumer Discretionary | $7.6M | — | 81K | New | |||
| 87 | $FNV PUT | FRANCO NEVADA Corp | Materials | $7.2M | — | 35K | +67% | |||
| 88 | $RBA PUT | RB GLOBAL INC. | Industrials | $7.1M | — | 61K | +162% | |||
| 89 | $BAM PUT | Brookfield Asset Management Ltd. | Financials | $7.0M | — | 156K | +3% | |||
| 90 | $MGA PUT | MAGNA INTERNATIONAL INC | Industrials | $6.9M | — | 105K | -16% | |||
| 91 | $PAAS CALL | PAN AMERICAN SILVER CORP | Materials | $6.3M | — | 141K | -33% | |||
| 92 | $CAE CALL | CAE INC | Technology | $6.1M | — | 244K | +2394% | |||
| 93 | $GIB CALL | CGI INC | Technology | $6.1M | — | 94K | +18% | |||
| 94 | $WPM CALL | Wheaton Precious Metals Corp. | Materials | $5.8M | — | 52K | -20% | |||
| 95 | $OTEX CALL | OPEN TEXT CORP | Technology | $5.7M | — | 258K | +82% | |||
| 96 | $QSR CALL | Restaurant Brands International Inc. | Consumer Discretionary | $5.7M | — | 78K | -18% | |||
| 97 | $TAC PUT | TRANSALTA CORP | Utilities | $5.5M | — | 397K | -0.6% | |||
| 98 | $HUT PUT | Hut 8 Corp. | Financials | $5.4M | — | 47K | -58% | |||
| 99 | $SOBO CALL | South Bow Corp | Energy | $5.4M | — | 154K | -35% | |||
| 100 | $HBM PUT | Hudbay Minerals Inc. | Materials | $5.3M | — | 226K | +93% | |||
| 101 | $PDS CALL | PRECISION DRILLING Corp | Energy | $5.3M | — | 69K | +37% | |||
| 102 | $AG CALL | FIRST MAJESTIC SILVER CORP | Materials | $5.3M | — | 312K | -15% | |||
| 103 | $ENB | ENBRIDGE INC | Energy | $5.3M | 1.0% | 97K | -61% | |||
| 104 | $EGO CALL | ELDORADO GOLD CORP /FI | Materials | $5.3M | — | 169K | +270% | |||
| 105 | $WPM PUT | Wheaton Precious Metals Corp. | Materials | $5.2M | — | 46K | -37% | |||
| 106 | $AAUC PUT | Allied Gold Corp | Materials | $4.9M | — | 205K | +50% | |||
| 107 | $CNQ | CANADIAN NATURAL RESOURCES Ltd | Energy | $4.7M | 0.9% | 120K | New | |||
| 108 | $ATS PUT | ATS Corp /ATS | Industrials | $4.6M | — | 161K | +640% | |||
| 109 | $WCN PUT | Waste Connections, Inc. | Utilities | $4.5M | — | 27K | +58% | |||
| 110 | $BEPC CALL | Brookfield Renewable Corp | Utilities | $4.5M | — | 129K | -19% | |||
| 111 | $MDA PUT | MDA Space Ltd. | Industrials | $4.4M | — | 108K | -11% | |||
| 112 | $AG PUT | FIRST MAJESTIC SILVER CORP | Materials | $4.4M | — | 262K | -21% | |||
| 113 | $BTG | B2GOLD CORP | Materials | $4.4M | 0.8% | 1.17M | -15% | |||
| 114 | $BHC CALL | Bausch Health Companies Inc. | Healthcare | $4.4M | — | 885K | +81% | |||
| 115 | $PAAS PUT | PAN AMERICAN SILVER CORP | Materials | $4.2M | — | 94K | -10% | |||
| 116 | $TRI | THOMSON REUTERS CORP /CAN/ | Communication Services | $4.1M | 0.7% | 50K | -1% | |||
| 117 | — CALL | AYA GOLD & SILVER INC - COM | — | $3.9M | — | 204K | New | |||
| 118 | $VET | VERMILION ENERGY INC. | Energy | $3.8M | 0.7% | 407K | +0.4% | |||
| 119 | $WFG CALL | WEST FRASER TIMBER CO., LTD | Industrials | $3.8M | — | 56K | +13% | |||
| 120 | $MEOH CALL | METHANEX CORP | Materials | $3.8M | — | 82K | -34% | |||
| 121 | — PUT | VANECK ETF TRUST - GOLD MINERS ETF | — | $3.8M | — | 50K | New | |||
| 122 | $AG | FIRST MAJESTIC SILVER CORP | Materials | $3.6M | 0.7% | 214K | -46% | |||
| 123 | $AGI CALL | ALAMOS GOLD INC | Materials | $3.5M | — | 116K | +63% | |||
| 124 | $VET PUT | VERMILION ENERGY INC. | Energy | $3.2M | — | 343K | -18% | |||
| 125 | $PSLV | Sprott Physical Silver Trust | Financials | $3.1M | 0.6% | 162K | -29% | |||
| 126 | $BTE | BAYTEX ENERGY CORP. | Energy | $3.0M | 0.6% | 759K | +138% | |||
| 127 | $EQX CALL | Equinox Gold Corp. | Materials | $3.0M | — | 312K | +29% | |||
| 128 | — PUT | AYA GOLD & SILVER INC - COM | — | $3.0M | — | 159K | New | |||
| 129 | $UUUU CALL | ENERGY FUELS INC | Materials | $2.7M | — | 190K | +16% | |||
| 130 | $RBA CALL | RB GLOBAL INC. | Industrials | $2.7M | — | 23K | -54% | |||
| 131 | $BTG PUT | B2GOLD CORP | Materials | $2.7M | — | 722K | -30% | |||
| 132 | $OR CALL | OR Royalties Inc. | Materials | $2.7M | — | 85K | +26% | |||
| 133 | $DSGX PUT | DESCARTES SYSTEMS GROUP INC | Technology | $2.7M | — | 39K | +34% | |||
| 134 | $NXE CALL | NexGen Energy Ltd. | Materials | $2.6M | — | 275K | -9% | |||
| 135 | $WFG PUT | WEST FRASER TIMBER CO., LTD | Industrials | $2.5M | — | 36K | -34% | |||
| 136 | $KGC | KINROSS GOLD CORP | Materials | $2.4M | 0.4% | 103K | -12% | |||
| 137 | $CP PUT | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $2.4M | — | 28K | -49% | |||
| 138 | $BEPC CALL | Brookfield Renewable Corp | Utilities | $2.4M | — | 65K | +87% | |||
| 139 | $FTS PUT | Fortis Inc. | Utilities | $2.4M | — | 42K | +49% | |||
| 140 | $TFII PUT | TFI International Inc. | Industrials | $2.4M | — | 17K | -73% | |||
| 141 | $GIB PUT | CGI INC | Technology | $2.4M | — | 37K | +82% | |||
| 142 | $BB PUT | BLACKBERRY Ltd | Technology | $2.3M | — | 185K | +54% | |||
| 143 | $OVV PUT | Ovintiv Inc. | Energy | $2.3M | — | 44K | -22% | |||
| 144 | $WPM | Wheaton Precious Metals Corp. | Materials | $2.3M | 0.4% | 20K | -14% | |||
| 145 | $SOBO | South Bow Corp | Energy | $2.2M | 0.4% | 61K | -55% | |||
| 146 | $SOBO PUT | South Bow Corp | Energy | $2.2M | — | 61K | -6% | |||
| 147 | $DOO PUT | BRP Inc. | Industrials | $2.1M | — | 34K | +420% | |||
| 148 | $KGC PUT | KINROSS GOLD CORP | Materials | $2.1M | — | 88K | +12% | |||
| 149 | $PDS PUT | PRECISION DRILLING Corp | Energy | $2.1M | — | 27K | +17% | |||
| 150 | $PSLV CALL | Sprott Physical Silver Trust | Financials | $2.1M | — | 109K | -60% |
What changed in Q2 2026
Against the previous quarter's 13F: 27 new, 124 added to, 128 trimmed, 27 sold out. Share-count changes; largest moves by dollar size first.
New positions (27)
first bought this quarter
first bought this quarter
$BGSIPUTBoyd Group Services Inc.$7.6M
first bought this quarter
first bought this quarter
- CALLAYA GOLD & SILVER INC - COM$3.9M
first bought this quarter
- PUTVANECK ETF TRUST - GOLD MINERS ETF$3.8M
first bought this quarter
+21 more in the Excel export
Added to (124)
now $141.4M
$RYPUTROYAL BANK OF CANADA+23%
now $311.2M
now $131.7M
$SHOPPUTSHOPIFY INC.+267%
now $42.1M
now $51.9M
now $111.5M
+118 more in the Excel export
Trimmed (128)
now $208.8M
now $167.8M
now $109.2M
now $70.1M
now $99.4M
$SUPUTSUNCOR ENERGY INC-11%
now $142.6M
+122 more in the Excel export
Sold out (27)
$MFCMANULIFE FINANCIAL CORPwas $16.1M
held 6 qtrs
$SLFSUN LIFE FINANCIAL INCwas $12.2M
held 9+ qtrs
held 2 qtrs
$CPCANADIAN PACIFIC KANSAS CITY LTD/CNwas $3.0M
held 4 qtrs
$AEMAGNICO EAGLE MINES LTDwas $2.8M
$CNICANADIAN NATIONAL RAILWAY COwas $2.2M
+21 more in the Excel export
Holdings by quarter
Every 13F SIG North Trading, ULC has filed, 17 earlier quarters. Pick one to see what it held then.
Portfolio Overview
SIG North Trading, ULC disclosed 286 positions worth $5.4B in its Form 13F-HR for Q2 2026 — $547.2M in common stock plus $4.9B of put/call option positions (reported at underlying notional value, not premium at risk), led by $BNS (BANK OF NOVA SCOTIA) at 20.4% of the equity portfolio, followed by $CM and $TU. During the quarter the fund opened 27 new positions and exited 27 — including a new stake in $CM and a full exit from $MFC. The portfolio is most concentrated in Financials (46.5% of disclosed assets). All figures are sourced directly from SIG North Trading, ULC’s Form 13F-HR filing with the SEC under CIK 1868643.
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