# Signition LP

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1663490. Source: https://holderbook.com/funds/1663490-signition-lp/

- Reported value: $20.0M
- Positions: 72
- Weight of the ten largest: 33.0%
- Filed: 2020-02-03

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $1.0M | 13,300 | 5.1% | 1 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $987.0K | 21,300 | 4.9% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $935.0K | 4,974 | 4.7% | 1 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $611.0K | 6,621 | 3.0% | 1 |
| BAYTEX ENERGY CORP | [BTE](https://holderbook.com/stocks/BTE/) | $574.0K | 396,108 | 2.9% | 4 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $552.0K | 6,100 | 2.8% | 2 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $497.0K | 7,800 | 2.5% | 3 |
| CANADIAN PAC RY LTD | [CPXXXX](https://holderbook.com/stocks/CPXXXX/) | $484.0K | 1,900 | 2.4% | 5 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $468.0K | 4,449 | 2.3% | 2 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $465.0K | 4,500 | 2.3% | 2 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $452.0K | 12,200 | 2.3% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $446.0K | 1,842 | 2.2% | 1 |
| COMMERCE BANCSHARES INC | [CBSH](https://holderbook.com/stocks/CBSH/) | $412.0K | 6,065 | 2.1% | 2 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $410.0K | 8,800 | 2.0% | 5 |
| ALGONQUIN POWER & UTILITIES | [AQN](https://holderbook.com/stocks/AQN/) | $372.0K | 26,300 | 1.9% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $368.0K | 199 | 1.8% | 5 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $363.0K | 6,800 | 1.8% | 1 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $362.0K | 6,435 | 1.8% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $355.0K | 912 | 1.8% | 1 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $337.0K | 8,700 | 1.7% | 1 |
| VERMILION ENERGY INC | [VET](https://holderbook.com/stocks/VET/) | $312.0K | 19,088 | 1.6% | 4 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $301.0K | 3,918 | 1.5% | 1 |
| AUDENTES THERAPEUTICS INC | [BOLD](https://holderbook.com/stocks/BOLD/) | $285.0K | 4,762 | 1.4% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $273.0K | 915 | 1.4% | 1 |
| L BRANDS INC | [LB](https://holderbook.com/stocks/LB/) | $266.0K | 14,686 | 1.3% | 1 |
| SHAW COMMUNICATIONS INC | [SJR](https://holderbook.com/stocks/SJR/) | $264.0K | 13,000 | 1.3% | 5 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $262.0K | 3,082 | 1.3% | 1 |
| HAWAIIAN ELEC INDS INC MTN B | [HE](https://holderbook.com/stocks/HE/) | $257.0K | 5,491 | 1.3% | 1 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $254.0K | 3,056 | 1.3% | 5 |
| CGI INC | [GIB](https://holderbook.com/stocks/GIB/) | $243.0K | 2,900 | 1.2% | 1 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $236.0K | 4,227 | 1.2% | 1 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $233.0K | 2,808 | 1.2% | 1 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $230.0K | 1,876 | 1.1% | 1 |
| BANK HAWAII CORP | [BOH](https://holderbook.com/stocks/BOH/) | $230.0K | 2,418 | 1.1% | 1 |
| UNITED BANKSHARES INC WEST V | [UBSI](https://holderbook.com/stocks/UBSI/) | $230.0K | 5,962 | 1.1% | 1 |
| SPIRIT AEROSYSTEMS HLDGS INC | [SPR](https://holderbook.com/stocks/SPR/) | $229.0K | 3,143 | 1.1% | 1 |
| ANAPLAN INC | [PLAN](https://holderbook.com/stocks/PLAN/) | $226.0K | 4,316 | 1.1% | 1 |
| PRETIUM RES INC | [PVG](https://holderbook.com/stocks/PVG/) | $226.0K | 20,300 | 1.1% | 3 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $223.0K | 971 | 1.1% | 1 |
| SIMPLY GOOD FOODS CO | [SMPL](https://holderbook.com/stocks/SMPL/) | $223.0K | 7,803 | 1.1% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $223.0K | 2,850 | 1.1% | 1 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $223.0K | 200 | 1.1% | 3 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $222.0K | 1,449 | 1.1% | 1 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $222.0K | 5,200 | 1.1% | 1 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $222.0K | 4,227 | 1.1% | 1 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $219.0K | 1,970 | 1.1% | 1 |
| KIRKLAND LAKE GOLD LTD | [KL](https://holderbook.com/stocks/KL/) | $215.0K | 4,878 | 1.1% | 1 |
| NATERA INC | [NTRA](https://holderbook.com/stocks/NTRA/) | $215.0K | 6,375 | 1.1% | 1 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $210.0K | 6,400 | 1.0% | 1 |
| ZIONS BANCORPORATION NATL AS | [ZION](https://holderbook.com/stocks/ZION/) | $203.0K | 3,916 | 1.0% | 1 |
| HOME BANCSHARES INC | [HOMB](https://holderbook.com/stocks/HOMB/) | $197.0K | 10,024 | 1.0% | 1 |
| SANDSTORM GOLD LTD | [SAND](https://holderbook.com/stocks/SAND/) | $158.0K | 21,200 | 0.8% | 3 |
| TURQUOISE HILL RES LTD | [TRQ](https://holderbook.com/stocks/TRQ/) | $150.0K | 203,400 | 0.7% | 5 |
| UPWORK INC | [UPWK](https://holderbook.com/stocks/UPWK/) | $149.0K | 13,948 | 0.7% | 1 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $147.0K | 14,500 | 0.7% | 3 |
| YAMANA GOLD INC | [AUY](https://holderbook.com/stocks/AUY/) | $146.0K | 37,000 | 0.7% | 4 |
| AMKOR TECHNOLOGY INC | [AMKR](https://holderbook.com/stocks/AMKR/) | $145.0K | 11,153 | 0.7% | 1 |
| PATTERSON-UTI ENERGY INC | [PTEN](https://holderbook.com/stocks/PTEN/) | $128.0K | 12,153 | 0.6% | 1 |
| FIRST MAJESTIC SILVER CORP | [AG](https://holderbook.com/stocks/AG/) | $125.0K | 10,200 | 0.6% | 1 |
| VALLEY NATL BANCORP | [VLY](https://holderbook.com/stocks/VLY/) | $118.0K | 10,291 | 0.6% | 2 |
| KOSMOS ENERGY LTD | [KOS](https://holderbook.com/stocks/KOS/) | $115.0K | 20,223 | 0.6% | 1 |
| CISION LTD | [CISN](https://holderbook.com/stocks/CISN/) | $107.0K | 10,717 | 0.5% | 1 |
| INTELSAT S A | [INTEQ](https://holderbook.com/stocks/INTEQ/) | $107.0K | 15,163 | 0.5% | 1 |
| ARCHROCK INC | [AROC](https://holderbook.com/stocks/AROC/) | $105.0K | 10,443 | 0.5% | 1 |
| GROUPON INC | [GRPNXXXX](https://holderbook.com/stocks/GRPNXXXX/) | $105.0K | 44,126 | 0.5% | 1 |
| TRANSALTA CORP | [TAC](https://holderbook.com/stocks/TAC/) | $88.0K | 12,300 | 0.4% | 1 |
| FS KKR CAPITAL CORP | [FSKXXXX](https://holderbook.com/stocks/FSKXXXX/) | $78.0K | 12,790 | 0.4% | 5 |
| GENWORTH FINL INC | [GNW](https://holderbook.com/stocks/GNW/) | $59.0K | 13,382 | 0.3% | 1 |
| COLONY CAP INC NEW | [CLNY](https://holderbook.com/stocks/CLNY/) | $52.0K | 10,851 | 0.3% | 1 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $49.0K | 17,100 | 0.2% | 1 |
| NEW GOLD INC CDA | [NGD](https://holderbook.com/stocks/NGD/) | $42.0K | 48,100 | 0.2% | 5 |
| CHESAPEAKE ENERGY CORP | [CHKXXXX](https://holderbook.com/stocks/CHKXXXX/) | $12.0K | 14,900 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2019 | +6.6% | +8.5% | -1.9% | 99% |
| Q3 2019 | -2.9% | +1.3% | -4.2% | 97% |
| Q2 2019 | +4.1% | +3.7% | +0.4% | 97% |
| Q1 2019 | +14.3% | +13.0% | +1.3% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $20.0M | 72 |
| Q3 2019 | $24.9M | 82 |
| Q2 2019 | $152.1M | 170 |
| Q1 2019 | $147.7M | 166 |
| Q4 2018 | $156.7M | 247 |