In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), SIG North Trading, ULC reported 54 stock positions worth $322.7 million . Its top holding was TC Energy (TRP) at 17.9% of the portfolio, followed by Bce (BCE, 14.1% ) and Can Imperial BK of Commerce (CM, 8.8% ). Compared with Q2 2024, it opened 7 new positions, sold out of 32, added to 23 and reduced 23. The biggest buy was TC Energy (TRP, shares +40% ) and the biggest sale Toronto-Dominion Bank (TD, shares −95% ).
Location Bala Cynwyd, PA
CIK 0001868643
Portfolio Value $322.7M (Q3 2024) Holdings 54 stocks · $322.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 TRP TC Energy Corp. 1,214,751 $57.8M Add +40.2% BCE Bce Inc. 1,303,591 $45.4M Reduce -16.8% CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 463,782 $28.4M Add +25.9% BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 489,183 $26.7M Reduce -20.2% TU Telus Corp. 1,004,493 $16.9M Reduce -44.0% CNQ Canadian Natural Resources 468,883 $15.6M Add +99.4% RCI Rogers Communications Inc. Class B 358,698 $14.4M Reduce -15.1% CVE Cenovus Energy Inc. 763,260 $12.8M Add +1067.5% PBA Pembina Pipeline Corp. 304,401 $12.6M Add +170.7% BMO Bank of Montreal filed as BANK MONTREAL QUE 106,670 $9.6M Reduce -16.5% NTR Nutrien Ltd. 172,221 $8.3M Add +24.6% CP Canadian Pacific Kansas City 91,766 $7.8M Add +65.8% SHOP Shopify Inc. Class A 96,231 $7.7M Reduce -36.2% VRN Veren Inc. 896,793 $5.5M Add +0.6% SLF Sun Life Financial Inc. 91,195 $5.3M Reduce -65.8% NEM Newmont Corp. 91,820 $4.9M Reduce -34.3% BTE Baytex Energy Corp. 1,425,468 $4.2M Reduce -8.6% TFII Tfi International Inc. 29,617 $4.1M Add +159.4% QSR Restaurant Brands Intern 46,365 $3.3M Add +53.5% PAAS Pan American Silver Corp. 159,935 $3.3M Reduce -7.9% RY Royal Bank of Canada 25,313 $3.2M New OVV Ovintiv Inc. 80,147 $3.1M Add +14.3% VET Vermilion Energy Inc. 206,894 $2.0M Reduce -53.1% TD Toronto-Dominion Bank 31,398 $2.0M Reduce -95.0% CCJ Cameco Corp. 35,338 $1.7M New PDS Precision Drilling Corp. 23,437 $1.4M Add +9.8% AG First Majestic Silver Corp. 188,896 $1.1M Reduce -26.3% B Barrick Gold Corp. 56,260 $1.1M Reduce -76.7% BTG B2GOLD Corp. 342,408 $1.1M Add +17.0% WPM Wheaton Precious Metals Corp. 17,071 $1.0M Reduce -52.9% FTS Fortis Inc. 21,323 $969K Add +310.5% SU Suncor Energy Inc. 26,125 $965K Add +4.2% EQX Equinox Gold Corp. 156,202 $951K Reduce -10.4% AQN Algonquin Power & Utilities 168,930 $921K Add +390.4% MAG Mag Silver Corp. 62,173 $873K Reduce -39.3% SSRM SSR Mining Inc. 135,099 $767K Add +0.3% FSM Fortuna Mining Corp. 104,200 $482K New BB Blackberry Ltd. 175,175 $459K Reduce -23.2% ASTL Algoma Steel Group Inc. 43,702 $447K Reduce -52.2% OBE Obsidian Energy Ltd. 78,379 $434K Add +165.3% GRP.U Granite Real Estate Investme 6,500 $397K New OTEX Open Text Corp. 11,137 $371K Add +1.6% AGI Alamos Gold Inc. Class A 18,561 $370K Reduce -73.2% CNI Canadian Natl Railway Co. 2,917 $342K New KGC Kinross Gold Corp. 32,699 $306K New UUUU Energy Fuels Inc. 55,667 $306K Add +41.4% LAC Lithium Americas Corp. 90,901 $245K Add +252.5% GOOS Canada Goose Holdings Inc. 18,191 $228K Reduce -65.9% SILV Silvercrest Metals Inc. 14,986 $139K Reduce -90.6% STKL Sunopta Inc. 21,722 $139K Add +16.6% TLRY Tilray Brands Inc. 57,471 $101K Add +86.4% ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 23,660 $95K New ACB Aurora Cannabis Inc. 16,017 $94K Reduce -65.6% VFF Village Farms International 16,189 $15K No change
Options reported separately and not counted above: BMO puts ($162.8M), BCE puts ($160.7M), RY puts ($147.4M), TRP puts ($139.9M), CM puts ($136.5M), RY calls ($105.5M), PBA puts ($98.5M), TU puts ($93.6M), BNS puts ($72.3M), RCI puts ($69.0M), TD puts ($63.4M), BMO calls ($61.0M), and 173 more.
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ TD Toronto-Dominion Bank Reduce -95.0% 0.62% −8.34 SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −6.17 CLS Celestica Inc. Sold out 0.00% −2.05 WCN Waste Connections Inc. Sold out 0.00% −1.98 TU Telus Corp. Reduce -44.0% 5.22% −1.83 SLF Sun Life Financial Inc. Reduce -65.8% 1.64% −1.75 ENB Enbridge Inc. Sold out 0.00% −0.97 B Barrick Gold Corp. Reduce -76.7% 0.35% −0.70 MFC Manulife Financial Corp. Sold out 0.00% −0.67 VET Vermilion Energy Inc. Reduce -53.1% 0.63% −0.64 NXE Nexgen Energy Ltd. Sold out 0.00% −0.55 IMO Imperial Oil Ltd. Sold out 0.00% −0.54 BITO Proshares Bitcoin ETF-Usd Sold out 0.00% −0.48 LSPD Lightspeed Commerce Inc. Sold out 0.00% −0.45 RBA RB Global Inc. Sold out 0.00% −0.38 BAM Brookfield Asset Mgmt-A Sold out 0.00% −0.34 FNV Franco-Nevada Corp. Sold out 0.00% −0.34 STN Stantec Inc. Sold out 0.00% −0.33 SILV Silvercrest Metals Inc. Reduce -90.6% 0.04% −0.29 HUT Hut 8 Corp. Sold out 0.00% −0.28 TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.24 SHOP Shopify Inc. Class A Reduce -36.2% 2.39% −0.20 DOO BRP Inc./Ca- Sub Voting Sold out 0.00% −0.19 CAE Cae Inc. Sold out 0.00% −0.19 IAG Iamgold Corp. Sold out 0.00% −0.17 WPM Wheaton Precious Metals Corp. Reduce -52.9% 0.32% −0.17 AGI Alamos Gold Inc. Class A Reduce -73.2% 0.11% −0.17 ATS Ats Corp. Sold out 0.00% −0.12 EGO Eldorado Gold Corp. Sold out 0.00% −0.12 GOOS Canada Goose Holdings Inc. Reduce -65.9% 0.07% −0.11 NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −0.11 BTE Baytex Energy Corp. Reduce -8.6% 1.31% −0.10 CGC Canopy Growth Corp. Sold out 0.00% −0.09 MGA Magna International Inc. Sold out 0.00% −0.09 PRMW Primo Water Corp. Sold out 0.00% −0.07 TAC Transalta Corp. Sold out 0.00% −0.07 SA Seabridge Gold Inc. Sold out 0.00% −0.06 NG Novagold Resources Inc. Sold out 0.00% −0.06 GFL GFL Environmental Inc.-Sub VT Sold out 0.00% −0.05 AG First Majestic Silver Corp. Reduce -26.3% 0.35% −0.04 SVM Silvercorp Metals Inc. Sold out 0.00% −0.04 MAG Mag Silver Corp. Reduce -39.3% 0.27% −0.04 CRON Cronos Group Inc. Sold out 0.00% −0.04 SAND Sandstorm Gold Ltd. Sold out 0.00% −0.03 ASTL Algoma Steel Group Inc. Reduce -52.2% 0.14% −0.03 ACB Aurora Cannabis Inc. Reduce -65.6% 0.03% −0.03 BLDP Ballard Power Systems Inc. Sold out 0.00% −0.02 BB Blackberry Ltd. Reduce -23.2% 0.14% −0.00 NEM Newmont Corp. Reduce -34.3% 1.52% 0.00 EQX Equinox Gold Corp. Reduce -10.4% 0.29% +0.06
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ TRP TC Energy Corp. Add +40.2% 17.90% +9.37 CM Can Imperial BK of Commerce Add +25.9% 8.82% +4.27 CVE Cenovus Energy Inc. Add +1067.5% 3.96% +3.62 PBA Pembina Pipeline Corp. Add +170.7% 3.89% +2.81 CNQ Canadian Natural Resources Add +99.4% 4.83% +2.65 CP Canadian Pacific Kansas City Add +65.8% 2.43% +1.30 RY Royal Bank of Canada New 0.98% +0.98 TFII Tfi International Inc. Add +159.4% 1.26% +0.83 NTR Nutrien Ltd. Add +24.6% 2.57% +0.74 CCJ Cameco Corp. New 0.52% +0.52 QSR Restaurant Brands Intern Add +53.5% 1.04% +0.48 FTS Fortis Inc. Add +310.5% 0.30% +0.25 AQN Algonquin Power & Utilities Add +390.4% 0.29% +0.23 FSM Fortuna Mining Corp. New 0.15% +0.15 GRP.U Granite Real Estate Investme New 0.12% +0.12 BTG B2GOLD Corp. Add +17.0% 0.33% +0.12 CNI Canadian Natl Railway Co. New 0.11% +0.11 OVV Ovintiv Inc. Add +14.3% 0.95% +0.10 KGC Kinross Gold Corp. New 0.09% +0.09 SSRM SSR Mining Inc. Add +0.3% 0.24% +0.08 OBE Obsidian Energy Ltd. Add +165.3% 0.13% +0.08 LAC Lithium Americas Corp. Add +252.5% 0.08% +0.06 PDS Precision Drilling Corp. Add +9.8% 0.45% +0.06 SU Suncor Energy Inc. Add +4.2% 0.30% +0.05 UUUU Energy Fuels Inc. Add +41.4% 0.09% +0.03 OTEX Open Text Corp. Add +1.6% 0.11% +0.03 ORLA Orla Mining Ltd. New 0.03% +0.03 TLRY Tilray Brands Inc. Add +86.4% 0.03% +0.02 STKL Sunopta Inc. Add +16.6% 0.04% +0.02 VRN Veren Inc. Add +0.6% 1.71% −0.11
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ BMO Bank of Montreal put Add +28.4% 1,804,400 $162.8M BCE Bce Inc. put Add +27.6% 4,618,500 $160.7M RY Royal Bank of Canada put Add +104.5% 1,181,600 $147.4M TRP TC Energy Corp. put Add +33.2% 2,942,800 $139.9M CM Can Imperial BK of Commerce put Add +109.3% 2,224,700 $136.5M RY Royal Bank of Canada call Reduce -15.7% 845,600 $105.5M PBA Pembina Pipeline Corp. put Add +42.9% 2,388,100 $98.5M TU Telus Corp. put Add +16.3% 5,576,500 $93.6M BNS Bank of Nova Scotia put Reduce -6.9% 1,326,700 $72.3M RCI Rogers Communications Inc. Class B put Add +29.8% 1,716,600 $69.0M TD Toronto-Dominion Bank put Reduce -13.1% 1,001,500 $63.4M BMO Bank of Montreal call Reduce -25.8% 676,400 $61.0M TD Toronto-Dominion Bank call Reduce -15.1% 828,100 $52.4M BCE Bce Inc. call Add +48.0% 1,409,200 $49.0M TU Telus Corp. call Add +15.5% 2,486,900 $41.7M MFC Manulife Financial Corp. put Reduce -6.9% 1,397,400 $41.3M RCI Rogers Communications Inc. Class B call Reduce -0.5% 1,020,700 $41.0M SLF Sun Life Financial Inc. put Reduce -34.9% 689,700 $40.0M CM Can Imperial BK of Commerce call Add +19.8% 649,100 $39.8M CNQ Canadian Natural Resources put Add +59.7% 1,119,400 $37.2M BNS Bank of Nova Scotia call Add +30.9% 672,700 $36.7M ENB Enbridge Inc. call Reduce -13.6% 850,000 $34.5M ENB Enbridge Inc. put Reduce -13.6% 712,400 $28.9M TRP TC Energy Corp. call Reduce -52.1% 587,900 $28.0M AEM Agnico Eagle Mines Ltd. call Reduce -25.7% 299,300 $24.1M NTR Nutrien Ltd. call Add +11.0% 476,600 $22.9M CCJ Cameco Corp. put Add +7.0% 466,600 $22.3M PBA Pembina Pipeline Corp. call Reduce -48.5% 485,200 $20.0M SU Suncor Energy Inc. call Reduce -32.1% 501,500 $18.5M CP Canadian Pacific Kansas City call Reduce -11.1% 208,800 $17.9M CNI Canadian Natl Railway Co. put Add +6.5% 148,600 $17.4M CCJ Cameco Corp. call Reduce -7.1% 358,800 $17.1M SHOP Shopify Inc. Class A call Add +69.9% 213,600 $17.1M SU Suncor Energy Inc. put Reduce -13.5% 441,200 $16.3M CNQ Canadian Natural Resources call Add +28.3% 471,700 $15.7M AEM Agnico Eagle Mines Ltd. put Reduce -13.6% 192,300 $15.5M TECK Teck Resources Ltd.-CLS B call Add +25.7% 287,500 $15.0M B Barrick Gold Corp. call Reduce -6.4% 754,700 $15.0M CNI Canadian Natl Railway Co. call Reduce -35.3% 122,100 $14.3M BN Brookfield Corp. call Add +29.6% 266,800 $14.2M CVE Cenovus Energy Inc. call Reduce -26.4% 810,300 $13.6M MFC Manulife Financial Corp. call Reduce -1.7% 430,100 $12.7M CVE Cenovus Energy Inc. put Add +50.2% 714,100 $11.9M GIB Cgi Inc. call Add +1.4% 98,800 $11.4M FTS Fortis Inc. put Add +10.2% 222,000 $10.1M SHOP Shopify Inc. Class A put Reduce -9.8% 124,300 $10.0M TECK Teck Resources Ltd.-CLS B put Add +22.8% 182,800 $9.5M FNV Franco-Nevada Corp. call Add +20.1% 73,000 $9.1M SLF Sun Life Financial Inc. call Reduce -53.8% 153,300 $8.9M MGA Magna International Inc. call Reduce -6.3% 174,300 $7.2M
Showing the first 50 of 192.
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