Q2 2026 13F · SEC CIK 1868643

SIG North Trading, ULC

Investment managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $547.2M
Reported positions: 79
Top holdings a year, 3 yrs: +16.4%
Average holding period: 2.3 yrs

SIG North Trading, ULC is an investment manager that reported 79 positions worth $547.2M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Bank Nova Scotia B C (BNS, 20.4%), Canadian Imperial Bank of Co (CM, 18.9%), Telus Corporation (TU, 12.8%). A portfolio copying its top holdings returned 16.4% a year over the last 3 years, against 20.4% for the S&P 500.

SIG North Trading, ULC holdings largest 50 of 79 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

SIG North Trading, ULC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BNSBank Nova Scotia B C	20.4%	13.4%	1,284,517	+33.1%	$111.5M
CMCanadian Imperial Bank of Co	18.9%	—	899,155	—	$103.4M
TUTelus Corporation	12.8%	22.2%	6,627,536	-23.3%	$70.1M
BCEBce Inc	9.0%	7.5%	2,280,098	+53.2%	$49.0M
RCIRogers Communications Inc	8.7%	8.5%	1,459,384	+33.0%	$47.4M
TDToronto Dominion Bk Ont	4.8%	5.6%	217,667	-26.7%	$26.4M
TRPTc Energy Corp	3.6%	2.6%	297,615	+41.4%	$19.7M
BBarrick Mng Corp	2.8%	2.9%	412,239	+17.5%	$15.1M
TFIITfi International Inc	1.7%	0.7%	65,082	+103.0%	$9.3M
BMOBank of Montreal	1.6%	—	48,961	—	$8.7M
ENBEnbridge Inc	1.0%	2.7%	97,348	-60.5%	$5.3M
CNQCanadian Nat Res Ltd Med Ter	0.9%	—	119,875	—	$4.7M
BTGB2gold Corp	0.8%	1.3%	1,171,530	-14.9%	$4.4M
TRIThomson Reuters Corp	0.7%	—	49,633	—	$4.1M
VETVermilion Energy Inc	0.7%	1.1%	406,820	+0.4%	$3.8M
AGFirst Majestic	0.7%	1.7%	214,459	-46.1%	$3.6M
PSLVSprott Physical	0.6%	1.1%	161,678	-28.8%	$3.1M
BTEBaytex Energy Corp	0.6%	0.3%	758,706	+137.7%	$3.0M
KGCKinross Gold Corp	0.4%	0.7%	102,740	-11.9%	$2.4M
WPMWheaton Precious Metals Corp	0.4%	0.6%	20,340	-14.4%	$2.3M
SOBOSouth Bow Corp	0.4%	0.9%	61,171	-55.4%	$2.2M
PBAPembina Pipeline Corp	0.4%	0.3%	43,546	+21.8%	$2.0M
BEPCBrookfield Renewable Corp Cl A Ex Sub Vt	0.4%	—	53,628	—	$2.0M
EQXEquinox Gold Corp	0.4%	0.7%	200,599	-18.1%	$1.9M
GFLGfl Environmental Inc	0.4%	0.4%	52,867	+18.5%	$1.9M
TECKTeck Resources Ltd	0.3%	0.5%	30,415	-37.6%	$1.8M
IMOImperial Oil Ltd	0.3%	0.4%	16,058	+16.8%	$1.8M
AAUCAllied Gold Corp	0.3%	—	71,177	—	$1.7M
DSGXDescartes Systems Group	0.3%	—	22,806	—	$1.6M
AGIAlamos Gold Inc	0.3%	—	45,334	—	$1.4M
SVMSilvercorp Metals Inc	0.3%	0.5%	135,632	-38.3%	$1.4M
PAASPan Amern Silver Corp	0.2%	—	30,306	—	$1.4M
WCNWaste Connections Inc	0.2%	—	8,115	—	$1.4M
BEPBrookfield Renewable Energy	0.2%	1.4%	38,878	-82.2%	$1.4M
AYASFAya Gold & Silve	0.2%	—	69,627	—	$1.3M
EGOEldorado Gold Corp	0.2%	0.5%	40,826	-39.2%	$1.3M
TACTransalta Corp	0.2%	0.8%	90,847	-71.9%	$1.3M
CDECoeur Mng Inc	0.2%	0.3%	74,058	+0.0%	$1.2M
PRMBPrimo Brands Corporation Class A Com Shs	0.2%	—	49,257	—	$1.2M
STNStantec Inc	0.2%	—	16,766	—	$1.2M
EXKEndeavour Silver Corp	0.2%	0.5%	132,506	-49.6%	$1.1M
NTRNutrien Ltd	0.2%	3.0%	17,344	-91.3%	$1.1M
OROr Royalties Inc.	0.2%	—	34,308	—	$1.1M
MGAMagna Intl Inc	0.2%	—	15,566	—	$1.0M
IAGIamgold Corp	0.2%	0.6%	63,537	-60.1%	$1.0M
GIBCgi Inc	0.2%	0.4%	14,881	-42.5%	$961K
PHYSSprott Asset Management LP	0.1%	0.3%	25,177	-34.9%	$760K
FSMFortuna Mng Corp	0.1%	—	84,230	—	$712K
UUUUEnergy Fuels Inc	0.1%	0.3%	45,710	-45.1%	$663K
ATSAts Corporation	0.1%	—	22,575	—	$650K

What SIG North Trading, ULC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BTE Baytex Energy Corp+137.7% shares
TFII Tfi International Inc+103.0% shares
BCE Bce Inc+53.2% shares
TRP Tc Energy Corp+41.4% shares
BNS Bank Nova Scotia B C+33.1% shares
RCI Rogers Communications Inc+33.0% shares
PBA Pembina Pipeline Corp+21.8% shares
GFL Gfl Environmental Inc+18.5% shares

Reduced

NTR Nutrien Ltd-91.3% shares
BEP Brookfield Renewable Energy-82.2% shares
TAC Transalta Corp-71.9% shares
ENB Enbridge Inc-60.5% shares
IAG Iamgold Corp-60.1% shares
SOBO South Bow Corp-55.4% shares
EXK Endeavour Silver Corp-49.6% shares
AG First Majestic-46.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +24.2% /yr; S&P 500 +20.1%
3 years: +16.4% /yr; S&P 500 +20.4%
5 years: +7.5% /yr; S&P 500 +13.0%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$547.2M	79
Q1 2026	$498.5M	81
Q4 2025	$571.1M	81
Q3 2025	$649.3M	77
Q2 2025	$456.1M	77
Q1 2025	$490.4M	76
Q4 2024	$437.2M	66
Q3 2024	$322.7M	54
Q2 2024	$384.8M	79
Q1 2024	$273.5M	69
Q3 2023	$221.7M	57
Q2 2023	$184.0M	57

Questions about SIG North Trading, ULC's portfolio

What stocks does SIG North Trading, ULC own?

SIG North Trading, ULC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 79 positions worth $547.2M. The largest are Bank Nova Scotia B C (BNS) at 20.4%, Canadian Imperial Bank of Co (CM) at 18.9%, Telus Corporation (TU) at 12.8%, Bce Inc (BCE) at 9.0% and Rogers Communications Inc (RCI) at 8.7%.

What did SIG North Trading, ULC buy last quarter?

In Q2 2026, SIG North Trading, ULC added Baytex Energy Corp (BTE) (+137.7% shares), Tfi International Inc (TFII) (+103.0% shares) and Bce Inc (BCE) (+53.2% shares), compared with its Q1 2026 filing.

What did SIG North Trading, ULC sell last quarter?

In Q2 2026, SIG North Trading, ULC cut from its top 50 Manulife Finl Corp (MFC), cut from its top 50 Sun Life Financial Inc. (SLF), cut from its top 50 Thomson Reuters Corp (TRI), cut from its top 50 Shopify Inc (SHOP), cut from its top 50 Canadian Pacific Kansas City (CP), Nutrien Ltd (NTR) (-91.3% shares), Brookfield Renewable Energy (BEP) (-82.2% shares) and Transalta Corp (TAC) (-71.9% shares), compared with its Q1 2026 filing.

How has SIG North Trading, ULC's portfolio performed?

A portfolio copying SIG North Trading, ULC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +24.2% against +20.1%. Over 5 years: +7.5% a year against +13.0%.

When is SIG North Trading, ULC's next 13F filing due?

13F filings are due 45 days after each quarter ends. SIG North Trading, ULC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.