SIG North Trading, ULC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), SIG North Trading, ULC reported 79 stock positions worth $547.2 million. Its top holding was Bank of Nova Scotia (BNS) at 20.4% of the portfolio, followed by Can Imperial BK of Commerce (CM, 18.9%) and Telus (TU, 12.8%). Compared with Q1 2026, it opened 16 new positions, sold out of 18, added to 23 and reduced 34. The biggest buy was a new position in Can Imperial BK of Commerce (CM) and the biggest sale Telus (TU, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- Bala Cynwyd, PA
- CIK
- 0001868643
- Portfolio Value
- $547.2M (Q2 2026)
- SEC Filing
- 0001868643-26-000008 ↗ filed Aug 14, 2026
Holdings Value
Holdings 79 stocks · $547.2M
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 20.39% | 1,284,517 | $111.5M | Add +33.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 18.90% | 899,155 | $103.4M | New |
| TU Telus Corp. | 12.80% | 6,627,536 | $70.1M | Reduce -23.3% |
| BCE Bce Inc. | 8.96% | 2,280,098 | $49.0M | Add +53.2% |
| RCI Rogers Communications Inc. Class B | 8.67% | 1,459,384 | $47.4M | Add +33.0% |
| TD Toronto-Dominion Bank | 4.83% | 217,667 | $26.4M | Reduce -26.7% |
| TRP TC Energy Corp. | 3.61% | 297,615 | $19.7M | Add +41.4% |
| B Barrick Mining Corp. | 2.77% | 412,239 | $15.1M | Add +17.5% |
| TFII Tfi International Inc. | 1.71% | 65,082 | $9.3M | Add +103.0% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 1.58% | 48,961 | $8.7M | New |
| ENB Enbridge Inc. | 0.96% | 97,348 | $5.3M | Reduce -60.5% |
| CNQ Canadian Natural Resources | 0.87% | 119,875 | $4.7M | New |
| BTG B2GOLD Corp. | 0.80% | 1,171,530 | $4.4M | Reduce -14.9% |
| TRI Thomson Reuters Corp. | 0.74% | 49,633 | $4.1M | Add +0.2% |
| VET Vermilion Energy Inc. | 0.70% | 406,820 | $3.8M | Add +0.4% |
| AG First Majestic Silver Corp. | 0.66% | 214,459 | $3.6M | Reduce -46.1% |
| PSLV Sprott Physical Silver Trust | 0.56% | 161,678 | $3.1M | Reduce -28.8% |
| BTE Baytex Energy Corp. | 0.55% | 758,706 | $3.0M | Add +137.7% |
| KGC Kinross Gold Corp. | 0.44% | 102,740 | $2.4M | Reduce -11.9% |
| WPM Wheaton Precious Metals Corp. | 0.42% | 20,340 | $2.3M | Reduce -14.4% |
| SOBO South Bow Corp. | 0.39% | 61,171 | $2.2M | Reduce -55.4% |
| PBA Pembina Pipeline Corp. | 0.37% | 43,546 | $2.0M | Add +21.8% |
| BEPC Brookfield Renewable Corp. | 0.36% | 53,628 | $2.0M | Add +158.8% |
| EQX Equinox Gold Corp. | 0.36% | 200,599 | $1.9M | Reduce -18.1% |
| GFL GFL Environmental Inc.-Sub VT | 0.36% | 52,867 | $1.9M | Add +18.5% |
| TECK Teck Resources Ltd.-CLS B | 0.33% | 30,415 | $1.8M | Reduce -37.6% |
| IMO Imperial Oil Ltd. | 0.33% | 16,058 | $1.8M | Add +16.8% |
| AAUC Allied Gold Corp. | 0.31% | 71,177 | $1.7M | New |
| DSGX The Descartes Systems Grp | 0.29% | 22,806 | $1.6M | Add +29.5% |
| AGI Alamos Gold Inc. Class A | 0.25% | 45,334 | $1.4M | Add +214.9% |
| SVM Silvercorp Metals Inc. | 0.25% | 135,632 | $1.4M | Reduce -38.3% |
| PAAS Pan American Silver Corp. | 0.25% | 30,306 | $1.4M | Add +507.1% |
| WCN Waste Connections Inc. | 0.25% | 8,115 | $1.4M | New |
| BEP Brookfield Renewable Partner | 0.25% | 38,878 | $1.4M | Reduce -82.2% |
| AYA Aya Gold & Silver Inc. | 0.24% | 69,627 | $1.3M | New |
| EGO Eldorado Gold Corp. | 0.23% | 40,826 | $1.3M | Reduce -39.2% |
| TAC Transalta Corp. | 0.23% | 90,847 | $1.3M | Reduce -71.8% |
| CDE Coeur Mining Inc. | 0.22% | 74,058 | $1.2M | No change |
| PRMB Primo Brands Corp. | 0.22% | 49,257 | $1.2M | No change |
| STN Stantec Inc. | 0.21% | 16,766 | $1.2M | Add +499.9% |
| EXK Endeavour Silver Corp. | 0.20% | 132,506 | $1.1M | Reduce -49.6% |
| NTR Nutrien Ltd. | 0.20% | 17,344 | $1.1M | Reduce -91.3% |
| OR Or Royalties Inc. | 0.20% | 34,308 | $1.1M | Add +116.2% |
| MGA Magna International Inc. | 0.19% | 15,566 | $1.0M | No change |
| IAG Iamgold Corp. | 0.18% | 63,537 | $1.0M | Reduce -60.1% |
| GIB Cgi Inc. | 0.18% | 14,881 | $961K | Reduce -42.5% |
| PHYS Sprott Physical Gold Trust | 0.14% | 25,177 | $760K | Reduce -34.9% |
| FSM Fortuna Mining Corp. | 0.13% | 84,230 | $712K | Add +4.5% |
| UUUU Energy Fuels Inc. | 0.12% | 45,710 | $663K | Reduce -45.1% |
| ATS Ats Corp. | 0.12% | 22,575 | $650K | Reduce -14.1% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.11% | 63,832 | $625K | Reduce -47.0% |
| MEOH Methanex Corp. | 0.11% | 13,133 | $606K | New |
| DOO BRP Inc./Ca- Sub Voting | 0.11% | 9,911 | $605K | New |
| AQN Algonquin Power & Utilities | 0.11% | 102,322 | $600K | Reduce -59.2% |
| SUNC Sunococorp LLC | 0.10% | 8,362 | $566K | Add +39.7% |
| SA Seabridge Gold Inc. | 0.10% | 21,337 | $549K | Reduce -59.4% |
| TLRY Tilray Brands Inc. | 0.08% | 100,407 | $451K | Add +40.0% |
| CAE Cae Inc. | 0.08% | 17,906 | $449K | Reduce -39.3% |
| CGC Canopy Growth Corp. | 0.08% | 465,493 | $442K | No change |
| SKE Skeena Resources Ltd. | 0.08% | 15,756 | $420K | New |
| ELVA Electrovaya Inc. | 0.08% | 39,500 | $415K | New |
| ASTL Algoma Steel Group Inc. | 0.07% | 96,117 | $389K | Reduce -44.1% |
| CRON Cronos Group Inc. | 0.07% | 129,668 | $360K | Add +10.4% |
| CGAU Centerra Gold Inc. | 0.06% | 21,781 | $345K | Reduce -73.9% |
| LSPD Lightspeed Commerce Inc. | 0.06% | 31,698 | $333K | No change |
| TFPM Triple Flag Precious Met | 0.06% | 10,185 | $305K | Reduce -67.1% |
| BHC Bausch Health Cos Inc. | 0.05% | 56,225 | $277K | New |
| OGC Oceanagold Corp. | 0.05% | 10,911 | $274K | New |
| FNV Franco-Nevada Corp. | 0.05% | 1,219 | $254K | Reduce -78.5% |
| OTEX Open Text Corp. | 0.04% | 10,939 | $242K | New |
| NG Novagold Resources Inc. | 0.04% | 37,284 | $223K | New |
| ARIS Aris Mining Corp. | 0.04% | 14,552 | $217K | New |
| NXE Nexgen Energy Ltd. | 0.02% | 14,158 | $133K | Reduce -76.5% |
| BLDP Ballard Power Systems Inc. | 0.02% | 24,316 | $95K | Reduce -1.3% |
| OBE Obsidian Energy Ltd. | 0.02% | 11,548 | $94K | Reduce -68.5% |
| DNN Denison Mines Corp. | 0.02% | 29,100 | $89K | Add +65.3% |
| ACB Aurora Cannabis Inc. | 0.01% | 21,634 | $60K | Reduce -48.5% |
| TMQ Trilogy Metals Inc. | 0.01% | 11,700 | $41K | New |
| VFF Village Farms International | 0.01% | 16,189 | $32K | No change |
Options reported separately and not counted above: RY puts ($311.2M), RY calls ($246.7M), CM calls ($237.0M), BMO puts ($208.8M), BNS puts ($189.8M), TD puts ($170.8M), BNS calls ($168.1M), RCI puts ($167.8M), ENB puts ($157.1M), CM puts ($156.1M), SU puts ($142.6M), TD calls ($141.4M), and 195 more.
Portfolio Sells Q1 2026 → Q2 2026
| TU Telus Corp. | Reduce -23.3% | 12.80% | −9.43 |
| MFC Manulife Financial Corp. | Sold out | 0.00% | −3.23 |
| NTR Nutrien Ltd. | Reduce -91.3% | 0.20% | −2.81 |
| SLF Sun Life Financial Inc. | Sold out | 0.00% | −2.44 |
| ENB Enbridge Inc. | Reduce -60.5% | 0.96% | −1.71 |
| BEP Brookfield Renewable Partner | Reduce -82.2% | 0.25% | −1.18 |
| AG First Majestic Silver Corp. | Reduce -46.1% | 0.66% | −1.05 |
| TD Toronto-Dominion Bank | Reduce -26.7% | 4.83% | −0.73 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.70 |
| TAC Transalta Corp. | Reduce -71.8% | 0.23% | −0.62 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.60 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.57 |
| PSLV Sprott Physical Silver Trust | Reduce -28.8% | 0.56% | −0.55 |
| SOBO South Bow Corp. | Reduce -55.4% | 0.39% | −0.52 |
| BTG B2GOLD Corp. | Reduce -14.9% | 0.80% | −0.45 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.45 |
| MDA Mda Space Ltd. | Sold out | 0.00% | −0.44 |
| IAG Iamgold Corp. | Reduce -60.1% | 0.18% | −0.42 |
| EQX Equinox Gold Corp. | Reduce -18.1% | 0.36% | −0.35 |
| GIL Gildan Activewear Inc. | Sold out | 0.00% | −0.31 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.31 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.31 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.30 |
| EXK Endeavour Silver Corp. | Reduce -49.6% | 0.20% | −0.29 |
| ORLA Orla Mining Ltd. | Reduce -47.0% | 0.11% | −0.28 |
| KGC Kinross Gold Corp. | Reduce -11.9% | 0.44% | −0.27 |
| CGAU Centerra Gold Inc. | Reduce -73.9% | 0.06% | −0.24 |
| FNV Franco-Nevada Corp. | Reduce -78.5% | 0.05% | −0.23 |
| EGO Eldorado Gold Corp. | Reduce -39.2% | 0.23% | −0.23 |
| SVM Silvercorp Metals Inc. | Reduce -38.3% | 0.25% | −0.22 |
| WPM Wheaton Precious Metals Corp. | Reduce -14.4% | 0.42% | −0.21 |
| GIB Cgi Inc. | Reduce -42.5% | 0.18% | −0.20 |
| AQN Algonquin Power & Utilities | Reduce -59.2% | 0.11% | −0.20 |
| SA Seabridge Gold Inc. | Reduce -59.4% | 0.10% | −0.20 |
| UUUU Energy Fuels Inc. | Reduce -45.1% | 0.12% | −0.18 |
| TECK Teck Resources Ltd.-CLS B | Reduce -37.6% | 0.33% | −0.18 |
| TFPM Triple Flag Precious Met | Reduce -67.1% | 0.06% | −0.16 |
| PHYS Sprott Physical Gold Trust | Reduce -34.9% | 0.14% | −0.14 |
| ERO Ero Copper Corp. | Sold out | 0.00% | −0.13 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.13 |
| SSRM SSR Mining Inc. | Sold out | 0.00% | −0.12 |
| NXE Nexgen Energy Ltd. | Reduce -76.5% | 0.02% | −0.12 |
| CAE Cae Inc. | Reduce -39.3% | 0.08% | −0.07 |
| ASTL Algoma Steel Group Inc. | Reduce -44.1% | 0.07% | −0.07 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −0.06 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.06 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.06 |
| OBE Obsidian Energy Ltd. | Reduce -68.5% | 0.02% | −0.05 |
| STKL Sunopta Inc. | Sold out | 0.00% | −0.04 |
| ATS Ats Corp. | Reduce -14.1% | 0.12% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| CM Can Imperial BK of Commerce | New | 18.90% | +18.90 |
| BNS Bank of Nova Scotia | Add +33.1% | 20.39% | +6.97 |
| BMO Bank of Montreal | New | 1.58% | +1.58 |
| BCE Bce Inc. | Add +53.2% | 8.96% | +1.43 |
| TFII Tfi International Inc. | Add +103.0% | 1.71% | +1.01 |
| TRP TC Energy Corp. | Add +41.4% | 3.61% | +0.96 |
| CNQ Canadian Natural Resources | New | 0.87% | +0.87 |
| AAUC Allied Gold Corp. | New | 0.31% | +0.31 |
| BTE Baytex Energy Corp. | Add +137.7% | 0.55% | +0.27 |
| WCN Waste Connections Inc. | New | 0.25% | +0.25 |
| AYA Aya Gold & Silver Inc. | New | 0.24% | +0.24 |
| RCI Rogers Communications Inc. Class B | Add +33.0% | 8.67% | +0.20 |
| BEPC Brookfield Renewable Corp. | Add +158.8% | 0.36% | +0.20 |
| PAAS Pan American Silver Corp. | Add +507.1% | 0.25% | +0.19 |
| STN Stantec Inc. | Add +499.9% | 0.21% | +0.16 |
| AGI Alamos Gold Inc. Class A | Add +214.9% | 0.25% | +0.12 |
| MEOH Methanex Corp. | New | 0.11% | +0.11 |
| DOO BRP Inc./Ca- Sub Voting | New | 0.11% | +0.11 |
| OR Or Royalties Inc. | Add +116.2% | 0.20% | +0.08 |
| SKE Skeena Resources Ltd. | New | 0.08% | +0.08 |
| ELVA Electrovaya Inc. | New | 0.08% | +0.08 |
| BHC Bausch Health Cos Inc. | New | 0.05% | +0.05 |
| OGC Oceanagold Corp. | New | 0.05% | +0.05 |
| PBA Pembina Pipeline Corp. | Add +21.8% | 0.37% | +0.05 |
| OTEX Open Text Corp. | New | 0.04% | +0.04 |
| NG Novagold Resources Inc. | New | 0.04% | +0.04 |
| ARIS Aris Mining Corp. | New | 0.04% | +0.04 |
| DSGX The Descartes Systems Grp | Add +29.5% | 0.29% | +0.04 |
| SUNC Sunococorp LLC | Add +39.7% | 0.10% | +0.03 |
| TMQ Trilogy Metals Inc. | New | 0.01% | +0.01 |
| CRON Cronos Group Inc. | Add +10.4% | 0.07% | +0.01 |
| DNN Denison Mines Corp. | Add +65.3% | 0.02% | +0.00 |
| TLRY Tilray Brands Inc. | Add +40.0% | 0.08% | −0.01 |
| GFL GFL Environmental Inc.-Sub VT | Add +18.5% | 0.36% | −0.02 |
| FSM Fortuna Mining Corp. | Add +4.5% | 0.13% | −0.03 |
| IMO Imperial Oil Ltd. | Add +16.8% | 0.33% | −0.03 |
| B Barrick Mining Corp. | Add +17.5% | 2.77% | −0.10 |
| TRI Thomson Reuters Corp. | Add +0.2% | 0.74% | −0.17 |
| VET Vermilion Energy Inc. | Add +0.4% | 0.70% | −0.42 |
Options Activity Q1 2026 → Q2 2026
| RY Royal Bank of Canada | put | Add +22.8% | 1,503,600 | $311.2M |
| RY Royal Bank of Canada | call | Add +12.2% | 1,192,100 | $246.7M |
| CM Can Imperial BK of Commerce | call | Reduce -3.3% | 2,060,500 | $237.0M |
| BMO Bank of Montreal | put | Reduce -29.3% | 1,181,600 | $208.8M |
| BNS Bank of Nova Scotia | put | Add +11.0% | 2,185,100 | $189.8M |
| TD Toronto-Dominion Bank | put | Add +7.6% | 1,406,900 | $170.8M |
| BNS Bank of Nova Scotia | call | Add +16.6% | 1,935,200 | $168.1M |
| RCI Rogers Communications Inc. Class B | put | Reduce -26.9% | 5,161,900 | $167.8M |
| ENB Enbridge Inc. | put | Add +0.5% | 2,897,600 | $157.1M |
| CM Can Imperial BK of Commerce | put | Add +1.9% | 1,357,600 | $156.1M |
| SU Suncor Energy Inc. | put | Reduce -10.6% | 2,656,200 | $142.6M |
| TD Toronto-Dominion Bank | call | Add +203.1% | 1,164,300 | $141.4M |
| TRP TC Energy Corp. | put | Reduce -5.8% | 2,091,800 | $138.7M |
| BMO Bank of Montreal | call | Add +52.1% | 745,100 | $131.7M |
| TU Telus Corp. | put | Reduce -22.3% | 10,335,800 | $109.2M |
| CNQ Canadian Natural Resources | put | Reduce -17.6% | 2,516,500 | $99.4M |
| ENB Enbridge Inc. | call | Add +23.8% | 1,771,500 | $96.0M |
| BCE Bce Inc. | put | Reduce -15.4% | 4,014,400 | $86.3M |
| CCJ Cameco Corp. | call | Add +46.1% | 843,800 | $85.9M |
| MFC Manulife Financial Corp. | put | Reduce -8.3% | 2,014,800 | $81.6M |
| SLF Sun Life Financial Inc. | put | Reduce -9.0% | 1,032,100 | $80.9M |
| AEM Agnico Eagle Mines Ltd. | call | Add +62.3% | 443,000 | $68.7M |
| CVE Cenovus Energy Inc. | put | Add +4.6% | 2,642,000 | $65.5M |
| TRP TC Energy Corp. | call | Add +1.0% | 910,900 | $60.4M |
| BCE Bce Inc. | call | Add +23.2% | 2,598,200 | $55.9M |
| SLF Sun Life Financial Inc. | call | Add +21.7% | 706,000 | $55.4M |
| SHOP Shopify Inc. Class A | call | Add +125.9% | 454,900 | $51.9M |
| RCI Rogers Communications Inc. Class B | call | Reduce -26.1% | 1,469,500 | $47.8M |
| CCJ Cameco Corp. | put | Add +40.8% | 453,100 | $46.2M |
| TU Telus Corp. | call | Reduce -15.8% | 3,986,600 | $42.1M |
| SHOP Shopify Inc. Class A | put | Add +266.8% | 368,300 | $42.1M |
| PBA Pembina Pipeline Corp. | put | Reduce -5.2% | 874,500 | $40.4M |
| CNQ Canadian Natural Resources | call | Reduce -12.3% | 1,006,300 | $39.7M |
| B Barrick Mining Corp. | call | Add +95.6% | 1,028,200 | $37.8M |
| MFC Manulife Financial Corp. | call | Add +124.1% | 924,700 | $37.5M |
| AEM Agnico Eagle Mines Ltd. | put | Add +3.6% | 216,900 | $33.6M |
| CNI Canadian Natl Railway Co. | call | Add +33.1% | 269,900 | $32.2M |
| BN Brookfield Corp. | call | Reduce -8.0% | 688,400 | $29.3M |
| PBA Pembina Pipeline Corp. | call | Add +4.5% | 630,600 | $29.2M |
| CVE Cenovus Energy Inc. | call | Reduce -11.7% | 1,168,800 | $29.0M |
| BEP Brookfield Renewable Partner | put | Reduce -5.4% | 743,100 | $25.8M |
| CLS Celestica Inc. | call | Reduce -21.5% | 68,400 | $25.0M |
| SU Suncor Energy Inc. | call | Reduce -38.8% | 457,800 | $24.6M |
| CP Canadian Pacific Kansas City | call | Add +10.6% | 279,800 | $24.2M |
| FTS Fortis Inc. | call | Add +401.0% | 401,300 | $23.0M |
| BIP Brookfield Infrastructure Pa | put | Reduce -23.3% | 613,900 | $22.4M |
| CLS Celestica Inc. | put | Reduce -9.8% | 60,900 | $22.2M |
| EMA Emera Inc. | call | Add +19.6% | 407,600 | $21.6M |
| TFII Tfi International Inc. | call | Add +209.6% | 135,600 | $19.5M |
| BAM Brookfield Asset Mgmt-A | call | Add +65.2% | 429,500 | $19.3M |
Showing the first 50 of 214.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 79 | $547.2M | BNS, CM, TU, BCE, RCI |
| Q1 2026 | 81 | $498.5M | TU, BNS, RCI, BCE, TD |
| Q4 2025 | 81 | $571.1M | TU, RCI, BNS, ENB, CM |
| Q3 2025 | 77 | $649.3M | BNS, RCI, TU, CNQ, BCE |
| Q2 2025 | 77 | $456.1M | RCI, BNS, SU, CNQ, TU |
| Q1 2025 | 76 | $490.4M | BCE, RCI, BNS, TU, RY |
| Q4 2024 | 66 | $437.2M | BCE, TD, TU, RY, RCI |
| Q3 2024 | 54 | $322.7M | TRP, BCE, CM, BNS, TU |
| Q2 2024 | 79 | $384.8M | BCE, TD, TRP, BNS, TU |
| Q1 2024 | 69 | $273.5M | RY, BNS, TD, CM, BCE |