SIG North Trading, ULC

Reported holdings as of Q2 2026, from 18 quarterly filings.

CIK

1868643

Reported value

$5.4B

Positions

115

Top 10 weight

62.0%

Filed

2026-08-14

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ROYAL BK CDA OPT	RY	$557.9M	options only	10.29%	+2.83pp	18q	OPTIONS
CANADIAN IMPERIAL BANK OF CO OPT	CM	$496.5M	899,155	9.16%	+2.57pp	18q	HELD
BANK NOVA SCOTIA B C OPT	BNS	$469.4M	1,284,517	8.65%	+2.27pp	18q	+33.1%+$116.8M
BANK MONTREAL MEDIUM OPT	BMO	$349.1M	48,961	6.44%	+0.57pp	18q	HELD
TORONTO DOMINION BK ONT OPT	TD	$338.7M	217,667	6.24%	+2.52pp	18q	-26.7%-$123.3M
ROGERS COMMUNICATIONS INC OPT	RCI	$263.0M	1,459,384	4.85%	-2.98pp	18q	+33.0%+$65.2M
ENBRIDGE INC OPT	ENB	$258.4M	97,348	4.76%	-0.19pp	18q	-60.5%-$396.4M
TELUS CORPORATION OPT	TU	$221.4M	6,627,536	4.08%	-2.78pp	18q	-23.3%-$67.2M
TC ENERGY CORP OPT	TRP	$218.8M	297,615	4.03%	-0.15pp	18q	+41.4%+$64.1M
BCE INC OPT	BCE	$191.3M	2,280,098	3.53%	-0.70pp	18q	+53.2%+$66.4M
SUNCOR ENERGY INC NEW OPT	SU	$167.2M	options only	3.08%	-1.85pp	18q	OPTIONS
CANADIAN NAT RES LTD MED TER OPT	CNQ	$143.9M	119,875	2.65%	-1.45pp	18q	HELD
SUN LIFE FINANCIAL INC. OPT	SLF	$136.3M	options only	2.51%	+0.12pp	18q	OPTIONS
CAMECO CORP OPT	CCJ	$132.1M	options only	2.44%	+0.48pp	18q	OPTIONS
MANULIFE FINL CORP OPT	MFC	$119.1M	options only	2.20%	+0.07pp	18q	OPTIONS
AGNICO EAGLE MINES LTD OPT	AEM	$102.4M	options only	1.89%	-0.13pp	18q	OPTIONS
CENOVUS ENERGY INC OPT	CVE	$94.5M	options only	1.74%	-0.34pp	18q	OPTIONS
SHOPIFY INC OPT	SHOP	$94.0M	options only	1.73%	+0.94pp	18q	OPTIONS
BARRICK MNG CORP OPT	B	$71.6M	412,239	1.32%	+0.34pp	5q	+17.5%+$10.7M
PEMBINA PIPELINE CORP OPT	PBA	$71.6M	43,546	1.32%	-0.08pp	18q	+21.8%+$12.8M
CANADIAN NATL RY CO OPT	CNI	$47.6M	options only	0.88%	+0.06pp	18q	OPTIONS
CELESTICA INC OPT	CLS	$47.2M	options only	0.87%	flat	9q	OPTIONS
BROOKFIELD INFRASTRUCTURE PA OPT	BIP	$37.9M	options only	0.70%	-0.38pp	8q	OPTIONS
BROOKFIELD CORP OPT	BN	$37.9M	options only	0.70%	-0.06pp	14q	OPTIONS
BROOKFIELD RENEWABLE ENERGY OPT	BEP	$31.6M	38,878	0.58%	-0.18pp	5q	-82.2%-$146.2M
NUTRIEN LTD OPT	NTR	$31.4M	17,344	0.58%	-0.76pp	18q	-91.3%-$329.2M
TFI INTERNATIONAL INC OPT	TFII	$31.2M	65,082	0.58%	+0.28pp	18q	+103.0%+$15.8M
TECK RESOURCES LTD OPT	TECK	$30.4M	30,415	0.56%	-0.37pp	18q	-37.6%-$18.3M
CANADIAN PACIFIC KANSAS CITY OPT	CP	$26.7M	options only	0.49%	-0.05pp	12q	OPTIONS
BROOKFIELD ASSET MANAGMT LTD OPT	BAM	$26.2M	options only	0.48%	+0.09pp	13q	OPTIONS
FORTIS INC OPT	FTS	$25.4M	options only	0.47%	+0.35pp	18q	OPTIONS
EMERA INC OPT	EMA	$23.3M	options only	0.43%	+0.05pp	5q	OPTIONS
FRANCO NEV CORP OPT	FNV	$23.0M	1,219	0.42%	-0.24pp	18q	-78.5%-$83.7M
WASTE CONNECTIONS INC OPT	WCN	$22.8M	8,115	0.42%	+0.11pp	18q	HELD
THOMSON REUTERS CORP OPT	TRI	$22.3M	49,633	0.41%	-	new	NEW
GILDAN ACTIVEWEAR INC OPT	GIL	$21.3M	options only	0.39%	+0.28pp	18q	OPTIONS
MAGNA INTL INC OPT	MGA	$21.3M	15,566	0.39%	-0.03pp	18q	HELD
TRANSALTA CORP OPT	TAC	$19.7M	90,847	0.36%	-0.03pp	16q	-71.9%-$50.4M
KINROSS GOLD CORP OPT	KGC	$18.9M	102,740	0.35%	+0.05pp	18q	-11.9%-$2.5M
HUT 8 CORP OPT	HUT	$17.2M	options only	0.32%	flat	10q	OPTIONS
HUDBAY MINERALS INC OPT	HBM	$14.8M	options only	0.27%	+0.07pp	18q	OPTIONS
IMPERIAL OIL LTD OPT	IMO	$14.6M	16,058	0.27%	-0.28pp	18q	+16.8%+$2.1M
MDA SPACE LTD OPT	MDA	$14.6M	options only	0.27%	+0.10pp	2q	OPTIONS
ALLIED GOLD CORP OPT	AAUC	$14.6M	71,177	0.27%	+0.03pp	3q	HELD
FIRST MAJESTIC SILVER CORP OPT	AG	$13.4M	214,459	0.25%	-0.23pp	18q	-46.1%-$11.4M
BLACKBERRY LTD OPT	BB	$13.3M	options only	0.24%	+0.19pp	18q	OPTIONS
WHEATON PRECIOUS METALS CORP OPT	WPM	$13.2M	20,340	0.24%	-0.18pp	18q	-14.4%-$2.2M
PAN AMERN SILVER CORP OPT	PAAS	$11.9M	30,306	0.22%	-0.13pp	18q	+507.1%+$9.9M
OVINTIV INC OPT	OVV	$10.0M	options only	0.18%	-0.09pp	18q	OPTIONS
RB GLOBAL INC OPT	RBA	$9.8M	options only	0.18%	+0.04pp	12q	OPTIONS
SOUTH BOW CORP OPT	SOBO	$9.7M	61,171	0.18%	-0.11pp	7q	-55.4%-$12.1M
SELECT SECTOR SPDR TR OPT	XLE	$9.6M	options only	0.18%	-0.04pp	3q	OPTIONS
CGI INC OPT	GIB	$9.4M	14,881	0.17%	-0.01pp	18q	-42.5%-$6.9M
B2GOLD CORP OPT	BTG	$8.7M	1,171,530	0.16%	-0.08pp	18q	-14.9%-$1.5M
AYA GOLD & SILVER INC OPT	AYA	$8.2M	69,627	0.15%	-	new	NEW
BOYD GROUP SERVICES INC OPT	BGSI	$8.2M	options only	0.15%	-	new	OPTIONS
VERMILION ENERGY INC OPT	VET	$7.9M	406,820	0.14%	-0.12pp	18q	HELD
OPEN TEXT CORP OPT	OTEX	$7.7M	10,939	0.14%	+0.04pp	18q	HELD
ELDORADO GOLD CORP NEW OPT	EGO	$7.5M	40,826	0.14%	+0.04pp	18q	-39.2%-$4.8M
PRECISION DRILLING CORP OPT	PDS	$7.4M	options only	0.14%	-0.01pp	18q	OPTIONS
RESTAURANT BRANDS INTL INC OPT	QSR	$7.3M	options only	0.13%	-0.36pp	18q	OPTIONS
ALAMOS GOLD INC OPT	AGI	$6.8M	45,334	0.12%	-0.01pp	18q	+214.9%+$4.6M
SPROTT ASSET MANAGEMENT LP OPT	PSLV	$6.7M	161,678	0.12%	-0.18pp	3q	-28.8%-$2.7M
CAE INC OPT	CAE	$6.6M	17,906	0.12%	+0.10pp	18q	-39.3%-$4.2M
WEST FRASER TIMBER CO LTD OPT	WFG	$6.2M	options only	0.12%	-0.03pp	18q	OPTIONS
EQUINOX GOLD CORP OPT	EQX	$6.2M	200,599	0.11%	-0.05pp	18q	-18.1%-$1.4M
METHANEX CORP OPT	MEOH	$6.1M	13,133	0.11%	-0.12pp	18q	HELD
ATS CORPORATION OPT	ATS	$6.1M	22,575	0.11%	+0.07pp	10q	-14.1%-$993.8K
DESCARTES SYS GROUP INC OPT	DSGX	$5.9M	22,806	0.11%	+0.02pp	18q	+29.5%+$1.4M
GFL ENVIRONMENTAL INC OPT	GFL	$5.8M	52,867	0.11%	+0.04pp	18q	+18.5%+$899.8K
BAUSCH HEALTH COS INC OPT	BHC	$5.2M	56,225	0.10%	+0.03pp	18q	HELD
ENERGY FUELS INC OPT	UUUU	$5.1M	45,710	0.09%	-0.03pp	18q	-45.1%-$4.2M
BROOKFIELD RENEWABLE CORP OPT	BEPC	$4.8M	53,628	0.09%	+0.03pp	7q	+158.8%+$3.0M
BRP INC OPT	DOO	$4.3M	9,911	0.08%	+0.05pp	18q	HELD
BAYTEX ENERGY CORP OPT	BTE	$4.2M	758,706	0.08%	flat	13q	+137.7%+$2.5M
OR ROYALTIES INC. OPT	OR	$4.2M	34,308	0.08%	-0.03pp	5q	+116.2%+$2.3M
NEXGEN ENERGY LTD OPT	NXE	$3.9M	14,158	0.07%	-0.04pp	18q	-76.5%-$12.7M
VANECK ETF TRUST OPT	GDX	$3.8M	options only	0.07%	-	new	OPTIONS
ENDEAVOUR SILVER CORP OPT	EXK	$3.4M	132,506	0.06%	-0.02pp	18q	-49.6%-$3.4M
ALGONQUIN POWER & UTILITIES OPT	AQN	$3.4M	102,322	0.06%	flat	18q	-59.2%-$4.9M
IAMGOLD CORP OPT	IAG	$3.3M	63,537	0.06%	-0.04pp	18q	-60.1%-$4.9M
STANTEC INC OPT	STN	$3.2M	16,766	0.06%	flat	13q	+499.9%+$2.7M
ERO COPPER CORP OPT	ERO	$2.5M	options only	0.05%	flat	4q	OPTIONS
LIGHTSPEED COMMERCE INC OPT	LSPD	$2.5M	31,698	0.05%	+0.03pp	18q	HELD
SILVERCORP METALS INC OPT	SVM	$2.4M	135,632	0.04%	-0.05pp	18q	-38.3%-$1.5M
GALAXY DIGITAL INC. OPT	GLXY	$2.1M	options only	0.04%	-0.02pp	5q	OPTIONS
SEABRIDGE GOLD INC OPT		$1.9M	21,337	0.03%	-	new	NEW
SPROTT ASSET MANAGEMENT LP OPT	PHYS	$1.8M	25,177	0.03%	-0.04pp	2q	-34.9%-$961.9K
SSR MINING IN OPT	SSRM	$1.4M	options only	0.03%	-0.01pp	18q	OPTIONS
BALLARD PWR SYS INC NEW OPT	BLDP	$1.4M	24,316	0.03%	+0.01pp	18q	-1.3%-$18.0K
ORLA MNG LTD NEW OPT	ORLA	$1.4M	63,832	0.03%	-0.07pp	6q	-46.9%-$1.2M
CANOPY GROWTH CORPORATION OPT	CGC	$1.3M	465,493	0.02%	flat	10q	HELD
COEUR MNG INC	CDE	$1.2M	74,058	0.02%	-0.01pp	6q	HELD
SKEENA RES LTD NEW OPT	SKE	$1.2M	15,756	0.02%	-	new	NEW
PRIMO BRANDS CORPORATION	PRMB	$1.2M	49,257	0.02%	flat	7q	HELD
TRIPLE FLAG PRECIOUS METAL OPT	TFPM	$1.2M	10,185	0.02%	-0.01pp	3q	-67.1%-$2.4M
CENTERRA GOLD INC OPT	CGAU	$1.1M	21,781	0.02%	-0.04pp	15q	-73.9%-$3.2M
ALGOMA STL GROUP INC OPT	ASTL	$1.1M	96,117	0.02%	-0.02pp	13q	-44.1%-$879.8K
FORTUNA MNG CORP OPT	FSM	$1.1M	84,230	0.02%	-0.02pp	9q	+4.5%+$47.9K
TILRAY BRANDS INC OPT	TLRY	$1.1M	100,407	0.02%	-0.01pp	3q	+39.9%+$307.3K
OCEANAGOLD CORP OPT	OGC	$905.7K	10,911	0.02%	-	new	NEW
OBSIDIAN ENERGY LTD OPT	OBE	$895.5K	11,548	0.02%	flat	14q	-68.5%-$1.9M
NOVAGOLD RESOURCES INC OPT	NG	$863.8K	37,284	0.02%	+0.01pp	5q	HELD
LITHIUM AMERS CORP NEW OPT	LAC	$834.7K	options only	0.02%	flat	10q	OPTIONS
ENERFLEX LTD OPT	EFXT	$826.0K	options only	0.02%	-0.02pp	2q	OPTIONS
CANADA GOOSE HLDGS INC OPT	GOOS	$700.9K	options only	0.01%	flat	18q	OPTIONS
ELECTROVAYA INC OPT	ELVA	$604.8K	39,500	0.01%	-	new	NEW
SUNOCOCORP LLC	SUNC	$565.9K	8,362	0.01%	flat	3q	+39.7%+$160.9K
CRONOS GROUP INC OPT	CRON	$496.7K	129,668	0.01%	flat	18q	+10.4%+$46.7K
AURORA CANNABIS INC OPT	ACB	$394.3K	21,634	0.01%	flat	10q	-48.5%-$371.8K
DENISON MINES CORP OPT	DNN	$380.7K	29,100	0.01%	flat	2q	+65.3%+$150.4K
ARIS MINING CORPORATION	ARIS	$217.0K	14,552	0.00%	-	new	NEW
KEEL INFRASTRUCTURE CORP OPT	KEEL	$195.7K	options only	0.00%	-	new	OPTIONS
TRILOGY METALS INC NEW	TMQ	$41.1K	11,700	0.00%	flat	2q	HELD
VILLAGE FARMS INTL INC	VFF	$32.4K	16,189	0.00%	flat	16q	HELD

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Banks & Lending	$2.2B	41.1%
Energy	$741.6M	13.7%
Telecom & Media	$698.0M	12.9%
Mining & Metals	$518.9M	9.6%
Transport & Logistics	$411.5M	7.6%
Insurance	$255.4M	4.7%
Utilities	$136.8M	2.5%
Software & IT Services	$123.4M	2.3%
Other sectors	$293.3M	5.4%
Not classified	$15.2M	0.3%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$5.4B	115	10	21	49	6	62.0%	45
Q1 2026	$5.0B	111	5	29	49	1	59.3%	45
Q4 2025	$5.5B	107	7	29	44	2	63.8%	48
Q3 2025	$5.1B	102	2	45	27	2	62.6%	45
Q2 2025	$4.1B	102	6	24	46	3	66.2%	45
Q1 2025	$3.2B	99	3	31	31	2	67.8%	44
Q4 2024	$3.0B	98	5	27	24	5	69.7%	45
Q3 2024	$2.7B	98	1	22	52	4	67.0%	45
Q2 2024	$2.4B	101	6	39	26	5	60.1%	46
Q1 2024	$1.9B	100	6	28	26	7	53.5%	37
Q3 2023	$2.1B	101	1	23	32	1	56.6%	45
Q2 2023	$2.0B	101	7	23	33	12	57.6%	42
Q1 2023	$2.2B	106	5	22	39	5	59.5%	46
Q4 2022	$2.1B	106	5	27	31	4	60.3%	45
Q3 2022	$2.4B	105	4	24	31	2	62.6%	45
Q2 2022	$2.0B	103	6	19	31	3	58.9%	46
Q1 2022	$2.3B	100	3	11	62	5	57.4%	46
Q4 2021	$2.0B	102	0	0	0	0	48.4%	45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.