SIG North Trading, ULC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 15, 2024), SIG North Trading, ULC reported 79 stock positions worth $384.8 million. Its top holding was Bce (BCE) at 13.2% of the portfolio, followed by Toronto-Dominion Bank (TD, 9.0%) and TC Energy (TRP, 8.5%). Compared with Q1 2024, it opened 20 new positions, sold out of 10, added to 39 and reduced 19. The biggest buy was Bce (BCE, shares +250%) and the biggest sale an exit from Royal Bank of Canada (RY).

Most Recent 13F
Q2 2026
Location
Bala Cynwyd, PA
CIK
0001868643
Portfolio Value
$384.8M (Q2 2024)
SEC Filing
0001868643-24-000003 ↗ filed Aug 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $273.5M Q1 2024 Q2 2024: $384.8M $384.8M Q2 2024 Q3 2024: $322.7M Q3 2024 Q4 2024: $437.2M Q4 2024 Q1 2025: $490.4M Q1 2025 Q2 2025: $456.1M Q2 2025 Q3 2025: $649.3M Q3 2025 Q4 2025: $571.1M Q4 2025 Q1 2026: $498.5M Q1 2026 Q2 2026: $547.2M Q2 2026

Holdings 79 stocks · $384.8M
BCE Bce Inc. 13.17% 1,565,898 $50.7M Add +250.2%
TD Toronto-Dominion Bank 8.96% 627,407 $34.5M Add +74.7%
TRP TC Energy Corp. 8.53% 866,447 $32.8M Add +717.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 7.28% 612,931 $28.0M Add +37.0%
TU Telus Corp. 7.05% 1,792,399 $27.1M Add +139.3%
SPY SS SPDR S&P 500 ETF Trust-US 6.17% 43,600 $23.7M New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 4.55% 368,324 $17.5M Add +11.2%
RCI Rogers Communications Inc. Class B 4.06% 422,231 $15.6M Add +23.0%
SLF Sun Life Financial Inc. 3.39% 266,378 $13.0M Add +68.4%
BMO Bank of Montreal filed as BANK MONTREAL QUE 2.79% 127,817 $10.7M New
SHOP Shopify Inc. Class A 2.59% 150,874 $10.0M Add +572.7%
CNQ Canadian Natural Resources 2.18% 235,186 $8.4M Add +36.9%
CLS Celestica Inc. 2.05% 137,531 $7.9M Reduce -21.5%
WCN Waste Connections Inc. 1.98% 43,469 $7.6M Reduce -27.3%
NTR Nutrien Ltd. 1.83% 138,187 $7.0M Reduce -22.6%
VRN Veren Inc. 1.82% 891,276 $7.0M Reduce -25.0%
NEM Newmont Corp. 1.52% 139,788 $5.9M Add +140.7%
BTE Baytex Energy Corp. 1.41% 1,559,953 $5.4M Reduce -13.5%
VET Vermilion Energy Inc. 1.26% 441,294 $4.9M Add +39.0%
CP Canadian Pacific Kansas City 1.13% 55,340 $4.4M Reduce -60.8%
PBA Pembina Pipeline Corp. 1.08% 112,460 $4.2M Add +315.8%
B Barrick Gold Corp. 1.05% 241,925 $4.0M Add +1.5%
ENB Enbridge Inc. 0.97% 104,863 $3.7M New
PAAS Pan American Silver Corp. 0.90% 173,638 $3.5M Add +439.8%
OVV Ovintiv Inc. 0.85% 70,147 $3.3M Add +79.5%
MFC Manulife Financial Corp. 0.67% 97,458 $2.6M Reduce -50.9%
QSR Restaurant Brands Intern 0.55% 30,200 $2.1M New
NXE Nexgen Energy Ltd. 0.55% 300,514 $2.1M Add +148.3%
IMO Imperial Oil Ltd. 0.54% 30,343 $2.1M Add +81.9%
WPM Wheaton Precious Metals Corp. 0.49% 36,261 $1.9M Add +54.0%
BITO Proshares Bitcoin ETF-Usd 0.48% 82,512 $1.9M New
LSPD Lightspeed Commerce Inc. 0.45% 125,431 $1.7M Add +96.9%
TFII Tfi International Inc. 0.43% 11,419 $1.7M New
AG First Majestic Silver Corp. 0.39% 256,196 $1.5M Add +140.8%
PDS Precision Drilling Corp. 0.39% 21,353 $1.5M Reduce -11.4%
RBA RB Global Inc. 0.38% 19,335 $1.5M New
SILV Silvercrest Metals Inc. 0.34% 159,175 $1.3M Add +47.0%
BAM Brookfield Asset Mgmt-A 0.34% 34,020 $1.3M Reduce -26.6%
FNV Franco-Nevada Corp. 0.34% 10,904 $1.3M Reduce -22.7%
STN Stantec Inc. 0.33% 15,402 $1.3M Reduce -14.8%
CVE Cenovus Energy Inc. 0.33% 65,375 $1.3M Add +81.0%
MAG Mag Silver Corp. 0.31% 102,404 $1.2M Add +318.1%
AGI Alamos Gold Inc. Class A 0.28% 69,117 $1.1M New
HUT Hut 8 Corp. 0.28% 71,030 $1.1M Add +135.3%
SU Suncor Energy Inc. 0.25% 25,081 $956K New
TECK Teck Resources Ltd.-CLS B 0.24% 19,472 $933K Reduce -89.1%
EQX Equinox Gold Corp. 0.24% 174,431 $912K Add +174.3%
BTG B2GOLD Corp. 0.21% 292,554 $790K Add +23.7%
DOO BRP Inc./Ca- Sub Voting 0.19% 11,677 $748K Add +171.6%
CAE Cae Inc. 0.19% 40,069 $744K New
GOOS Canada Goose Holdings Inc. 0.18% 53,333 $690K Reduce -30.6%
IAG Iamgold Corp. 0.17% 177,182 $664K New
ASTL Algoma Steel Group Inc. 0.17% 91,500 $637K Add +10.6%
SSRM SSR Mining Inc. 0.16% 134,717 $608K Add +199.0%
BB Blackberry Ltd. 0.15% 228,115 $566K Add +136.3%
ATS Ats Corp. 0.12% 14,288 $462K Add +90.9%
EGO Eldorado Gold Corp. 0.12% 30,958 $458K Add +108.4%
NVEI Nuvei Corp.-Subordinate VTG 0.11% 12,536 $406K Reduce -52.6%
CGC Canopy Growth Corp. 0.09% 55,314 $357K Add +415.8%
MGA Magna International Inc. 0.09% 8,125 $340K New
OTEX Open Text Corp. 0.09% 10,963 $329K New
PRMW Primo Water Corp. 0.07% 12,957 $283K New
TAC Transalta Corp. 0.07% 35,613 $252K Reduce -52.1%
SA Seabridge Gold Inc. 0.06% 18,174 $249K New
UUUU Energy Fuels Inc. 0.06% 39,367 $239K Add +111.3%
NG Novagold Resources Inc. 0.06% 66,931 $232K Add +4.7%
OBE Obsidian Energy Ltd. 0.06% 29,547 $221K New
ACB Aurora Cannabis Inc. 0.06% 46,530 $215K Add +17.8%
GFL GFL Environmental Inc.-Sub VT 0.05% 5,341 $208K New
AQN Algonquin Power & Utilities 0.05% 34,447 $202K Reduce -57.1%
FTS Fortis Inc. 0.05% 5,194 $202K New
SVM Silvercorp Metals Inc. 0.04% 47,756 $160K Add +6.9%
CRON Cronos Group Inc. 0.04% 64,689 $151K Reduce -37.3%
SAND Sandstorm Gold Ltd. 0.03% 23,898 $130K Reduce -44.1%
STKL Sunopta Inc. 0.03% 18,622 $101K Add +6.5%
BLDP Ballard Power Systems Inc. 0.02% 33,939 $76K New
LAC Lithium Americas Corp. 0.02% 25,790 $69K New
TLRY Tilray Brands Inc. 0.01% 30,831 $51K Reduce -72.3%
VFF Village Farms International 0.00% 16,189 $17K No change

Options reported separately and not counted above: BMO puts ($117.9M), BCE puts ($117.1M), RY calls ($106.7M), TRP puts ($83.7M), BMO calls ($76.4M), TU puts ($72.6M), BNS puts ($65.2M), TD puts ($63.4M), PBA puts ($62.0M), RY puts ($61.5M), TD calls ($53.6M), SLF puts ($51.9M), and 173 more.

Portfolio Sells Q1 2024 → Q2 2024
RY Royal Bank of Canada Sold out 0.00% −12.86
CP Canadian Pacific Kansas City Reduce -60.8% 1.13% −3.42
TECK Teck Resources Ltd.-CLS B Reduce -89.1% 0.24% −2.74
WCN Waste Connections Inc. Reduce -27.3% 1.98% −1.78
VRN Veren Inc. Reduce -25.0% 1.82% −1.74
NTR Nutrien Ltd. Reduce -22.6% 1.83% −1.72
WFG West Fraser Timber Co. Ltd. Sold out 0.00% −1.14
MFC Manulife Financial Corp. Reduce -50.9% 0.67% −1.14
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −1.00
BTE Baytex Energy Corp. Reduce -13.5% 1.41% −0.98
CLS Celestica Inc. Reduce -21.5% 2.05% −0.83
CNI Canadian Natl Railway Co. Sold out 0.00% −0.48
BAM Brookfield Asset Mgmt-A Reduce -26.6% 0.34% −0.38
TRI Thomson Reuters Corp. Sold out 0.00% −0.31
FNV Franco-Nevada Corp. Reduce -22.7% 0.34% −0.28
HBM Hudbay Minerals Inc. Sold out 0.00% −0.27
BEPC Brookfield Renewable Cor-A Sold out 0.00% −0.23
STN Stantec Inc. Reduce -14.8% 0.33% −0.21
PDS Precision Drilling Corp. Reduce -11.4% 0.39% −0.20
NVEI Nuvei Corp.-Subordinate VTG Reduce -52.6% 0.11% −0.20
OR Osisko Gold Royalties Ltd. Sold out 0.00% −0.17
GOOS Canada Goose Holdings Inc. Reduce -30.6% 0.18% −0.16
AQN Algonquin Power & Utilities Reduce -57.1% 0.05% −0.13
TAC Transalta Corp. Reduce -52.1% 0.07% −0.11
TLRY Tilray Brands Inc. Reduce -72.3% 0.01% −0.09
GIL Gildan Activewear Inc. Sold out 0.00% −0.08
CRON Cronos Group Inc. Reduce -37.3% 0.04% −0.06
FSM Fortuna Mining Corp. Sold out 0.00% −0.06
SAND Sandstorm Gold Ltd. Reduce -44.1% 0.03% −0.05

Portfolio Buys Q1 2024 → Q2 2024
BCE Bce Inc. Add +250.2% 13.17% +7.61
TRP TC Energy Corp. Add +717.6% 8.53% +6.98
SPY SS SPDR S&P 500 ETF Trust-US New 6.17% +6.17
BMO Bank of Montreal New 2.79% +2.79
TU Telus Corp. Add +139.3% 7.05% +2.67
SHOP Shopify Inc. Class A Add +572.7% 2.59% +1.96
TD Toronto-Dominion Bank Add +74.7% 8.96% +1.03
ENB Enbridge Inc. New 0.97% +0.97
NEM Newmont Corp. Add +140.7% 1.52% +0.76
PBA Pembina Pipeline Corp. Add +315.8% 1.08% +0.73
PAAS Pan American Silver Corp. Add +439.8% 0.90% +0.72
QSR Restaurant Brands Intern New 0.55% +0.55
BITO Proshares Bitcoin ETF-Usd New 0.48% +0.48
TFII Tfi International Inc. New 0.43% +0.43
RBA RB Global Inc. New 0.38% +0.38
AGI Alamos Gold Inc. Class A New 0.28% +0.28
SU Suncor Energy Inc. New 0.25% +0.25
SLF Sun Life Financial Inc. Add +68.4% 3.39% +0.23
MAG Mag Silver Corp. Add +318.1% 0.31% +0.22
NXE Nexgen Energy Ltd. Add +148.3% 0.55% +0.20
CAE Cae Inc. New 0.19% +0.19
IAG Iamgold Corp. New 0.17% +0.17
AG First Majestic Silver Corp. Add +140.8% 0.39% +0.17
HUT Hut 8 Corp. Add +135.3% 0.28% +0.15
LSPD Lightspeed Commerce Inc. Add +96.9% 0.45% +0.12
IMO Imperial Oil Ltd. Add +81.9% 0.54% +0.12
OVV Ovintiv Inc. Add +79.5% 0.85% +0.11
EQX Equinox Gold Corp. Add +174.3% 0.24% +0.10
DOO BRP Inc./Ca- Sub Voting Add +171.6% 0.19% +0.09
MGA Magna International Inc. New 0.09% +0.09
WPM Wheaton Precious Metals Corp. Add +54.0% 0.49% +0.09
OTEX Open Text Corp. New 0.09% +0.09
SSRM SSR Mining Inc. Add +199.0% 0.16% +0.08
PRMW Primo Water Corp. New 0.07% +0.07
SILV Silvercrest Metals Inc. Add +47.0% 0.34% +0.07
CVE Cenovus Energy Inc. Add +81.0% 0.33% +0.07
SA Seabridge Gold Inc. New 0.06% +0.06
CGC Canopy Growth Corp. Add +415.8% 0.09% +0.06
OBE Obsidian Energy Ltd. New 0.06% +0.06
GFL GFL Environmental Inc.-Sub VT New 0.05% +0.05
FTS Fortis Inc. New 0.05% +0.05
BB Blackberry Ltd. Add +136.3% 0.15% +0.05
EGO Eldorado Gold Corp. Add +108.4% 0.12% +0.04
ATS Ats Corp. Add +90.9% 0.12% +0.03
BLDP Ballard Power Systems Inc. New 0.02% +0.02
UUUU Energy Fuels Inc. Add +111.3% 0.06% +0.02
LAC Lithium Americas Corp. New 0.02% +0.02
ACB Aurora Cannabis Inc. Add +17.8% 0.06% −0.01
NG Novagold Resources Inc. Add +4.7% 0.06% −0.01
SVM Silvercorp Metals Inc. Add +6.9% 0.04% −0.01

Options Activity Q1 2024 → Q2 2024
BMO Bank of Montreal put Add +13.4% 1,405,800 $117.9M
BCE Bce Inc. put Add +253.4% 3,618,600 $117.1M
RY Royal Bank of Canada call Add +42.6% 1,003,200 $106.7M
TRP TC Energy Corp. put Add +217.3% 2,208,700 $83.7M
BMO Bank of Montreal call Reduce -13.0% 911,500 $76.4M
TU Telus Corp. put Add +232.3% 4,793,200 $72.6M
BNS Bank of Nova Scotia put Add +8.6% 1,425,100 $65.2M
TD Toronto-Dominion Bank put Add +53.4% 1,152,700 $63.4M
PBA Pembina Pipeline Corp. put Add +104.3% 1,671,800 $62.0M
RY Royal Bank of Canada put Add +7.3% 577,700 $61.5M
TD Toronto-Dominion Bank call Add +109.8% 975,600 $53.6M
SLF Sun Life Financial Inc. put Add +135.4% 1,058,700 $51.9M
CM Can Imperial BK of Commerce put Add +49.1% 1,063,200 $50.5M
RCI Rogers Communications Inc. Class B put Add +135.7% 1,322,400 $48.9M
TRP TC Energy Corp. call Add +98.3% 1,226,600 $46.5M
MFC Manulife Financial Corp. put Add +63.3% 1,500,300 $39.9M
RCI Rogers Communications Inc. Class B call Add +188.9% 1,025,500 $37.9M
ENB Enbridge Inc. call Add +12.6% 984,100 $35.0M
PBA Pembina Pipeline Corp. call Reduce -49.6% 943,000 $35.0M
TU Telus Corp. call Add +85.7% 2,153,600 $32.6M
BCE Bce Inc. call Add +270.8% 952,500 $30.8M
ENB Enbridge Inc. put Add +92.4% 824,900 $29.4M
SU Suncor Energy Inc. call Reduce -20.0% 738,100 $28.1M
AEM Agnico Eagle Mines Ltd. call Add +15.3% 402,900 $26.3M
CM Can Imperial BK of Commerce call Add +28.8% 542,000 $25.8M
CNQ Canadian Natural Resources put Reduce -2.9% 701,000 $25.0M
BNS Bank of Nova Scotia call Reduce -29.1% 514,000 $23.5M
CNI Canadian Natl Railway Co. call Add +69.5% 188,800 $22.3M
NTR Nutrien Ltd. call Reduce -16.7% 429,500 $21.9M
CVE Cenovus Energy Inc. call Add +17.7% 1,100,200 $21.6M
CCJ Cameco Corp. put Add +1.3% 435,900 $21.4M
SU Suncor Energy Inc. put Add +81.8% 509,900 $19.4M
CCJ Cameco Corp. call Reduce -18.7% 386,100 $19.0M
CP Canadian Pacific Kansas City call Add +29.9% 234,800 $18.5M
CNI Canadian Natl Railway Co. put Add +51.7% 139,600 $16.5M
SLF Sun Life Financial Inc. call Add +341.8% 331,800 $16.3M
AEM Agnico Eagle Mines Ltd. put Add +59.3% 222,500 $14.6M
B Barrick Gold Corp. call Add +12.4% 806,600 $13.5M
CNQ Canadian Natural Resources call Reduce -53.5% 367,700 $13.1M
MFC Manulife Financial Corp. call Reduce -0.3% 437,700 $11.7M
TECK Teck Resources Ltd.-CLS B call Reduce -9.1% 228,800 $11.0M
GIB Cgi Inc. call Add +23.4% 97,400 $9.7M
QSR Restaurant Brands Intern call Add +17.4% 135,900 $9.6M
CVE Cenovus Energy Inc. put Reduce -19.9% 475,500 $9.3M
SHOP Shopify Inc. Class A put Reduce -5.9% 137,800 $9.1M
BN Brookfield Corp. call Add +7.1% 205,800 $8.5M
SHOP Shopify Inc. Class A call Reduce -1.9% 125,700 $8.3M
FTS Fortis Inc. put Add +46.8% 201,400 $7.8M
MGA Magna International Inc. call Reduce -49.4% 186,000 $7.8M
FNV Franco-Nevada Corp. call Reduce -51.0% 60,800 $7.2M

Showing the first 50 of 195.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 79$547.2MBNS, CM, TU, BCE, RCI
Q1 2026 81$498.5MTU, BNS, RCI, BCE, TD
Q4 2025 81$571.1MTU, RCI, BNS, ENB, CM
Q3 2025 77$649.3MBNS, RCI, TU, CNQ, BCE
Q2 2025 77$456.1MRCI, BNS, SU, CNQ, TU
Q1 2025 76$490.4MBCE, RCI, BNS, TU, RY
Q4 2024 66$437.2MBCE, TD, TU, RY, RCI
Q3 2024 54$322.7MTRP, BCE, CM, BNS, TU
Q2 2024 79$384.8MBCE, TD, TRP, BNS, TU
Q1 2024 69$273.5MRY, BNS, TD, CM, BCE