SIG North Trading, ULC

Diversified strategyMomentum followerSector-focused

Total reported value

$5.0B

Reporting period: 2026-03-31 · Number of holdings: 286

SIG North Trading, ULC disclosed 286 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.0B and a quarterly turnover rate of 25.3%.

Personality snowflake

Concentration: 17.36
Portfolio Stability: 25.33
Momentum/Contrarian: 100
Sector conviction: 96.21
Diversification: 100
Sizing Uniformity: 80.37

Recent moves

Add SU
-6.4%　$69.7M
Trim BMO
-31.6%　-$117.4M
Trim TD
-33.6%　-$96.7M
Add TU
+14.8%　$36.2M
Trim RY
-15.2%　-$90.2M
Trim BNS
-15.4%　-$81.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 111 holdings (of 286 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	RCI	Rogers Communications Inc-b	Stock-Other	7.83%	-0.23%	-13.36%
2	RY	Royal Bank Of Canada	Stock-Financials	7.45%	-0.97%	-15.20%
3	TU	Telus CORP	Stock-Other	6.87%	+1.28%	+14.79%
4	CM	Can Imperial Bk Of Commerce	Stock-Financials	6.59%	-0.61%	-20.42%
5	BNS	Bank Of Nova Scotia	Stock-Financials	6.39%	-0.91%	-15.36%
6	BMO	Bank Of Montreal	Stock-Financials	5.87%	-1.61%	-31.57%
7	ENB	Enbridge INC	Stock-Energy	4.95%	-0.35%	-24.92%
8	SU	Suncor Energy INC	Stock-Energy	4.94%	+1.71%	-6.36%
9	BCE	Bce INC	Stock-Comm Services	4.23%	-0.60%	-24.85%
10	TRP	Tc Energy CORP	Stock-Energy	4.18%	-0.26%	-24.65%
11	CNQ	Canadian Natural Resources	Stock-Energy	4.11%	+0.69%	-24.04%
12	TD	Toronto-dominion Bank	Stock-Financials	3.72%	-1.43%	-33.62%
13	SLF	Sun Life Financial INC	Stock-Financials	2.40%	-0.35%	-20.94%
14	MFC	Manulife Financial CORP	Stock-Financials	2.13%	-0.14%	-10.13%
15	CVE	Cenovus Energy INC	Stock-Energy	2.08%	+0.68%	-13.78%
16	AEM	Agnico Eagle Mines LTD	Stock-Materials	2.02%	—	-23.99%
17	CCJ	Cameco CORP	Stock-Energy	1.96%	+0.73%	+22.43%
18	PBA	Pembina Pipeline CORP	Stock-Energy	1.40%	-0.73%	-49.18%
19	NTR	Nutrien LTD	Stock-Materials	1.33%	+0.74%	+69.33%
20	BIP	Brookfield Infrastructure Partners L.P.	Stock-Utilities	1.08%	—	-3.83%
21	B	Barrick Mining CORP	Stock-Materials	0.98%	-0.39%	-30.88%
22	TECK	Teck Resources Ltd-cls B	Stock-Materials	0.93%	+0.36%	+37.67%
23	CLS	Celestica INC	Stock-Tech	0.87%	+0.19%	+22.21%
24	CNI	Canadian Natl Railway Co	Stock-Industrials	0.82%	-0.28%	-34.78%
25	SHOP	Shopify INC - Class A	Stock-Tech	0.79%	+0.18%	+58.81%
26	BEP	Brookfield Renewable Partners L.P.	Stock-Other	0.76%	+0.23%	+8.58%
27	BN	Brookfield CORP	Stock-Financials	0.76%	—	+3.58%
28	FNV	Franco-nevada CORP	Stock-Materials	0.66%	+0.15%	-0.70%
29	IMO	Imperial Oil LTD	Stock-Energy	0.55%	+0.31%	+35.31%
30	CP	Canadian Pacific Kansas City	Stock-Industrials	0.54%	—	-2.63%
31	QSR	Restaurant Brands Intern	Stock-Consumer Disc	0.49%	+0.35%	+192.32%
32	AG	First Majestic Silver CORP	Stock-Materials	0.47%	+0.11%	-7.03%
33	WPM	Wheaton Precious Metals CORP	Stock-Materials	0.43%	-0.11%	-35.41%
34	MGA	Magna International INC	Stock-Consumer Disc	0.42%	—	+13.21%
35	BAM	Brookfield Asset Mgmt-a	Stock-Financials	0.40%	+0.16%	+77.21%
36	TRI4EUR	Thomson Reuters CORP	Stock-Other	0.40%	+0.31%	+503.13%
37	TAC	Transalta CORP	Stock-Other	0.40%	—	+3.14%
38	EMA	Emera INC	Stock-Other	0.38%	—	-6.38%
39	PAAS	Pan American Silver CORP	Stock-Materials	0.35%	-0.23%	-47.77%
40	HUT	Hut 8 CORP	Stock-Financials	0.32%	—	-14.61%
41	WCN	Waste Connections INC	Stock-Industrials	0.31%	—	+19.15%
42	PSLV	Sprott Physical Silver Trust	Stock-Other	0.30%	+0.15%	+82.28%
43	TFII	Tfi International INC	Stock-Other	0.30%	+0.11%	+36.62%
44	KGC	Kinross Gold CORP	Stock-Materials	0.30%	-0.25%	-54.57%
45	SOBO	South Bow CORP	Stock-Other	0.29%	+0.15%	+61.18%
46	OVV	Ovintiv INC	Stock-Energy	0.27%	+0.20%	+123.17%
47	VET	Vermilion Energy INC	Stock-Other	0.27%	-0.33%	-75.36%
48	BTG	B2gold CORP	Stock-Other	0.24%	+0.10%	+57.42%
49	AAUC	Allied Gold CORP	Stock-Other	0.23%	+0.22%	+1926.88%
50	MEOH	Methanex CORP	Stock-Other	0.23%	+0.16%	+111.71%

1–50 of 111

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	286	$5.0B	25	1RCI 2RY 3TU Top holdings2026-03-31 1.RCI 2.RY 3.TU 4.CM 5.BNS 6.BMO 7.ENB 8.SU 9.BCE 10.TRP
2025-12-31	274	$5.5B	18	1RY 2RCI 3BMO Top holdings2025-12-31 1.RY 2.RCI 3.BMO 4.BNS 5.CM 6.TU 7.ENB 8.TD 9.BCE 10.TRP
2025-09-30	266	$5.1B	46	1RCI 2BNS 3RY Top holdings2025-09-30 1.RCI 2.BNS 3.RY 4.BMO 5.CM 6.TU 7.BCE 8.ENB 9.TD 10.CNQ
2025-06-30	266	$4.1B	0	1RY 2TD 3BMO Top holdings2025-06-30 1.RY 2.TD 3.BMO 4.BNS 5.RCI 6.CM 7.TU 8.BCE 9.CNQ 10.TRP
2025-03-31	257	$3.2B	0	1BCE 2RY 3TU Top holdings2025-03-31 1.BCE 2.RY 3.TU 4.RCI 5.TD 6.BMO 7.CM 8.BNS 9.TRP 10.CNQ
2024-12-31	243	$3.0B	0	1BCE 2RY 3BMO Top holdings2024-12-31 1.BCE 2.RY 3.BMO 4.TU 5.TD 6.CM 7.RCI 8.TRP 9.SU 10.CNQ
2024-09-30	239	$2.7B	0	1RY 2BCE 3BMO Top holdings2024-09-30 1.RY 2.BCE 3.BMO 4.TRP 5.CM 6.TU 7.BNS 8.PBA 9.RCI 10.TD
2024-06-30	264	$2.4B	0	1BMO 2BCE 3RY Top holdings2024-06-30 1.BMO 2.BCE 3.RY 4.TRP 5.TD 6.TU 7.BNS 8.RCI 9.PBA 10.CM
2024-03-31	262	$1.9B	0	1BMO 2RY 3BNS Top holdings2024-03-31 1.BMO 2.RY 3.BNS 4.PBA 5.TD 6.CM 7.CNQ 8.BCE 9.TRP 10.TU
2023-09-30	244	$2.1B	0	1SPY 2RY 3CNQ Top holdings2023-09-30 1.SPY 2.RY 3.CNQ 4.BMO 5.SU 6.TRP 7.TD 8.CM 9.NTR 10.BNS
2023-06-30	241	$2.0B	0	1SPY 2RY 3BMO Top holdings2023-06-30 1.SPY 2.RY 3.BMO 4.TRP 5.CNQ 6.TD 7.SLF 8.BNS 9.CM 10.SU
2023-03-31	253	$2.2B	0	1SPY 2RY 3BMO Top holdings2023-03-31 1.SPY 2.RY 3.BMO 4.SU 5.CNQ 6.CM 7.TRP 8.TD 9.BNS 10.PBA
2022-12-31	262	$2.1B	0	1SPY 2BMO 3RY Top holdings2022-12-31 1.SPY 2.BMO 3.RY 4.TD 5.XLE 6.CNQ 7.PBA 8.ENB 9.SU 10.MFC
2022-09-30	257	$2.4B	0	1SPY 2RY 3TD Top holdings2022-09-30 1.SPY 2.RY 3.TD 4.TRP 5.BMO 6.ENB 7.PBA 8.CM 9.SU 10.BNS
2022-06-30	249	$2.0B	0	1SPY 2TRP 3RY Top holdings2022-06-30 1.SPY 2.TRP 3.RY 4.BMO 5.PBA 6.TD 7.ENB 8.CM 9.BCE 10.SU
2022-03-31	240	$2.3B	0	1SPY 2RY 3BMO Top holdings2022-03-31 1.SPY 2.RY 3.BMO 4.TRP 5.CM 6.PBA 7.ENB 8.TD 9.BCE 10.CNQ
2021-12-31	264	$2.0B	0	1TRP 2RY 3PBA Top holdings2021-12-31 1.TRP 2.RY 3.PBA 4.BMO 5.TD 6.BCE 7.SHOP 8.MFC 9.ABX 10.CM

Holding changes this quarter

SIG North Trading, ULC's most significant position changes for 2026-03-31: New buy: Mda Space LTD (MDA); New buy: Sprott Physical Gold Trust (PHYS); Trim: Suncor Energy INC (SU) — shares -6.36%; Trim: Bank Of Montreal (BMO) — shares -31.57%; Trim: Toronto-dominion Bank (TD) — shares -33.62%.

Position changes disclosed by SIG North Trading, ULC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SU	Suncor Energy INC	+1.7%	-6.36%	Trim
2	TU	Telus CORP	+1.3%	+14.79%	Add
3	NTR	Nutrien LTD	+0.7%	+69.33%	Add
4	CCJ	Cameco CORP	+0.7%	+22.43%	Add
5	CNQ	Canadian Natural Resources	+0.7%	-24.04%	Trim
6	CVE	Cenovus Energy INC	+0.7%	-13.78%	Trim
7	TECK	Teck Resources Ltd-cls B	+0.4%	+37.67%	Add
8	QSR	Restaurant Brands Intern	+0.4%	+192.32%	Add
9	TRI4EUR	Thomson Reuters CORP	+0.3%	+503.13%	Add
10	IMO	Imperial Oil LTD	+0.3%	+35.31%	Add
11	BEP	Brookfield Renewable Partners L.P.	+0.2%	+8.58%	Add
12	AAUC	Allied Gold CORP	+0.2%	+1926.88%	Add
13	OVV	Ovintiv INC	+0.2%	+123.17%	Add
14	CLS	Celestica INC	+0.2%	+22.21%	Add
15	SHOP	Shopify INC - Class A	+0.2%	+58.81%	Add
16	MEOH	Methanex CORP	+0.2%	+111.71%	Add
17	BAM	Brookfield Asset Mgmt-a	+0.2%	+77.21%	Add
18	SOBO	South Bow CORP	+0.2%	+61.18%	Add
19	PSLV	Sprott Physical Silver Trust	+0.2%	+82.28%	Add
20	FNV	Franco-nevada CORP	+0.2%	-0.70%	Trim
21	XLE	Ss Energy Select Sector	+0.1%	+51.84%	Add
22	TFII	Tfi International INC	+0.1%	+36.62%	Add
23	AG	First Majestic Silver CORP	+0.1%	-7.03%	Trim
24	BTG	B2gold CORP	+0.1%	+57.42%	Add
25	AEM	Agnico Eagle Mines LTD	—	-23.99%	Trim
26	BN	Brookfield CORP	—	+3.58%	Add
27	WFG	West Fraser Timber Co LTD	-0.1%	-43.08%	Trim
28	WPM	Wheaton Precious Metals CORP	-0.1%	-35.41%	Trim
29	MFC	Manulife Financial CORP	-0.1%	-10.13%	Trim
30	EQX	Equinox Gold CORP	-0.1%	-51.59%	Trim
31	NEM	Newmont CORP	-0.1%	-88.38%	Trim
32	RCI	Rogers Communications Inc-b	-0.2%	-13.36%	Trim
33	PAAS	Pan American Silver CORP	-0.2%	-47.77%	Trim
34	KGC	Kinross Gold CORP	-0.3%	-54.57%	Trim
35	TRP	Tc Energy CORP	-0.3%	-24.65%	Trim
36	CNI	Canadian Natl Railway Co	-0.3%	-34.78%	Trim
37	VET	Vermilion Energy INC	-0.3%	-75.36%	Trim
38	ENB	Enbridge INC	-0.4%	-24.92%	Trim
39	SLF	Sun Life Financial INC	-0.4%	-20.94%	Trim
40	B	Barrick Mining CORP	-0.4%	-30.88%	Trim
41	FTS	Fortis INC	-0.4%	-79.94%	Trim
42	BCE	Bce INC	-0.6%	-24.85%	Trim
43	CM	Can Imperial Bk Of Commerce	-0.6%	-20.42%	Trim
44	PBA	Pembina Pipeline CORP	-0.7%	-49.18%	Trim
45	BNS	Bank Of Nova Scotia	-0.9%	-15.36%	Trim
46	RY	Royal Bank Of Canada	-1%	-15.20%	Trim
47	TD	Toronto-dominion Bank	-1.4%	-33.62%	Trim
48	BMO	Bank Of Montreal	-1.6%	-31.57%	Trim
49	MDA	Mda Space LTD	—	NEW	New buy
50	PHYS	Sprott Physical Gold Trust	—	NEW	New buy

FAQ

What is SIG North Trading, ULC and what type of investor is it?

SIG North Trading, ULC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $5.0B, spread across 286 disclosed positions.

What are SIG North Trading, ULC's largest equity positions?

Based on the latest 13F filing, SIG North Trading, ULC's top holdings by market value are: 1. Rogers Communications Inc-b (RCI) — $390.1M (7.8%) 2. Royal Bank Of Canada (RY) — $371.5M (7.5%) 3. Telus CORP (TU) — $342.3M (6.9%) 4. Can Imperial Bk Of Commerce (CM) — $328.3M (6.6%) 5. Bank Of Nova Scotia (BNS) — $318.4M (6.4%)

What changes did SIG North Trading, ULC make in its most recent portfolio filing?

In the latest reported quarter, SIG North Trading, ULC made 50 notable position adjustments: 2 new positions were initiated, 20 existing holdings were added to, 28 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Mda Space LTD (MDA); New buy: Sprott Physical Gold Trust (PHYS); Trim: Suncor Energy INC (SU) — shares -6.36%; Trim: Bank Of Montreal (BMO) — shares -31.57%; Trim: Toronto-dominion Bank (TD) — shares -33.62%

What sectors does SIG North Trading, ULC focus on?

SIG North Trading, ULC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 45.7% • Energy: 31.2% • Materials: 9.9% • Communication Services: 5.4% • Information Technology: 2.5% • Industrials: 2.3%