SIG North Trading, ULC
Follow13F filer, CIK 1868643, Bala Cynwyd, PA
SIG North Trading, ULC reported $5,480,235,555 across 274 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 69.96% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001868643-26-000001
- Period
- 2025-12-31
- Reported value
- $5.48B
- Holdings
- 274
- Top 10 weight
- 69.96%
- New
- 27
- Sold out
- 19
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| CMnew | +503,924 | $45.7M |
| TUadded | +2,798,174 | $36.9M |
| ENBadded | +476,058 | $22.8M |
| PAASadded | +146,110 | $7.57M |
| BEPadded | +243,402 | $6.56M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BNSreduced | -950,237 | -$70M |
| RCIreduced | -1,200,321 | -$45.3M |
| BCEreduced | -1,153,105 | -$27.5M |
| TDreduced | -252,182 | -$23.8M |
| SLFreduced | -216,370 | -$13.5M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 81 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| RCIROGERS COMMUNICATIONS INC Stock | put | 8,078,800 | $305M | +530,300 |
| BMOBANK OF MONTREAL Stock | put | 2,214,400 | $287M | +95,700 |
| RYROYAL BK CDA Stock | put | 1,401,100 | $239M | +101,600 |
| RYROYAL BK CDA Stock | call | 1,280,300 | $218M | +49,300 |
| CMCANADIAN IMPERIAL BANK OF CO Stock | put | 2,195,900 | $199M | +47,600 |
| BNSBANK NOVA SCOTIA B C Stock | put | 2,618,500 | $193M | -86,600 |
| TRPTC ENERGY CORP COM | put | 3,412,600 | $188M | +71,600 |
| TDTORONTO DOMINION BK ONT Stock | put | 1,925,000 | $181M | +189,000 |
| ENBENBRIDGE INC Stock | put | 3,194,900 | $153M | +265,700 |
| BNSBANK NOVA SCOTIA B C Stock | call | 2,042,800 | $151M | +124,900 |
| TUTELUS CORPORATION Stock | put | 11,409,100 | $150M | +167,500 |
| CMCANADIAN IMPERIAL BANK OF CO Stock | call | 1,653,400 | $150M | -144,500 |
| SUSUNCOR ENERGY INC NEW Stock | put | 3,330,700 | $148M | -48,000 |
| BCEBCE INC Stock | call | 5,898,100 | $140M | +1,744,300 |
| BCEBCE INC Stock | put | 5,091,600 | $121M | -1,636,600 |
| BMOBANK OF MONTREAL Stock | call | 925,300 | $120M | +365,300 |
| CNQCANADIAN NAT RES LTD MED TER Stock | put | 3,280,100 | $111M | -1,129,600 |
| MFCMANULIFE FINL CORP COM | put | 2,752,000 | $99.8M | +419,300 |
| SLFSUN LIFE FINANCIAL INC. Stock | put | 1,597,400 | $99.7M | -6,500 |
| TDTORONTO DOMINION BK ONT Stock | call | 965,000 | $90.9M | +96,600 |
| ENBENBRIDGE INC Stock | call | 1,832,900 | $87.7M | +166,700 |
| PBAPEMBINA PIPELINE CORP Stock | put | 2,060,300 | $78.4M | -286,800 |
| TUTELUS CORPORATION Stock | call | 5,787,900 | $76.2M | +618,600 |
| RCIROGERS COMMUNICATIONS INC Stock | call | 1,996,500 | $75.3M | +72,600 |
| AEMAGNICO EAGLE MINES LTD Stock | call | 363,600 | $61.6M | +122,700 |
| TRPTC ENERGY CORP COM | call | 915,700 | $50.4M | +504,000 |
| AEMAGNICO EAGLE MINES LTD Stock | put | 289,300 | $49M | +59,100 |
| CVECENOVUS ENERGY INC COM | put | 2,763,300 | $46.8M | +597,000 |
| CCJCAMECO CORP Stock | call | 495,000 | $45.3M | -337,500 |
| BBARRICK MNG CORP COM SHS | call | 930,500 | $40.5M | +7,600 |
| CNQCANADIAN NAT RES LTD MED TER Stock | call | 1,188,900 | $40.2M | -442,400 |
| CNICANADIAN NATL RY CO STOK | call | 392,800 | $38.8M | +265,200 |
| BNBROOKFIELD CORP Stock | call | 766,500 | $35.2M | -371,600 |
| SLFSUN LIFE FINANCIAL INC. Stock | call | 557,300 | $34.8M | -25,500 |
| CVECENOVUS ENERGY INC COM | call | 1,657,700 | $28M | +696,400 |
| BIPBROOKFIELD INFRASTRUCTURE PA LP INT UNIT | put | 797,100 | $27.7M | -27,200 |
| FNVFRANCO NEV CORP Stock | call | 118,700 | $24.6M | +33,900 |
| BIPBROOKFIELD INFRASTRUCTURE PA LP INT UNIT | call | 705,400 | $24.5M | +324,500 |
| VETVERMILION ENERGY INC Stock | put | 2,898,000 | $24.2M | +2,398,900 |
| NTRNUTRIEN LTD Stock | call | 364,300 | $22.5M | -18,600 |
| CCJCAMECO CORP Stock | put | 239,700 | $21.9M | +2,300 |
| BBARRICK MNG CORP COM SHS | put | 487,300 | $21.2M | +244,800 |
| SHOPSHOPIFY INC CL A SUB VTG SHS | call | 130,400 | $21M | -27,100 |
| CLSCELESTICA INC Stock | call | 70,300 | $20.8M | -24,900 |
| FTSFORTIS INC COM | call | 376,100 | $19.5M | +118,500 |
| BEPBROOKFIELD RENEWABLE ENERGY PARTNERSHIP UNIT | put | 714,900 | $19.3M | +649,900 |
| SUSUNCOR ENERGY INC NEW Stock | call | 424,900 | $18.8M | -114,000 |
| CPCANADIAN PACIFIC KANSAS CITY Stock | call | 251,000 | $18.5M | +55,900 |
| EMAEMERA INC COM | call | 359,600 | $17.7M | +45,100 |
| KGCKINROSS GOLD CORP COM | call | 620,100 | $17.5M | +293,400 |
| WPMWHEATON PRECIOUS METALS CORP Stock | call | 144,700 | $17M | +42,700 |
| CLSCELESTICA INC Stock | put | 56,200 | $16.6M | -32,500 |
| PAASPAN AMERN SILVER CORP COM | call | 317,900 | $16.5M | +136,600 |
| TECKTECK RESOURCES LTD Stock | call | 340,900 | $16.3M | +18,300 |
| CNICANADIAN NATL RY CO STOK | put | 152,700 | $15.1M | -141,800 |
| TECKTECK RESOURCES LTD Stock | put | 308,500 | $14.8M | +114,300 |
| WCNWASTE CONNECTIONS INC Stock | call | 71,200 | $12.5M | +57,500 |
| WPMWHEATON PRECIOUS METALS CORP Stock | put | 105,900 | $12.4M | +63,400 |
| HUTHUT 8 CORP COM | call | 263,500 | $12.1M | +33,900 |
| PBAPEMBINA PIPELINE CORP Stock | call | 307,000 | $11.7M | -335,400 |
| MGAMAGNA INTL INC Stock | call | 215,400 | $11.5M | -27,800 |
| TACTRANSALTA CORP COM | call | 865,700 | $10.9M | +332,800 |
| MFCMANULIFE FINL CORP COM | call | 295,700 | $10.7M | -154,600 |
| SHOPSHOPIFY INC CL A SUB VTG SHS | put | 63,000 | $10.1M | -28,100 |
| IMOIMPERIAL OIL LTD Stock | call | 105,300 | $9.09M | +74,300 |
| FTSFORTIS INC COM | put | 163,900 | $8.51M | +2,300 |
| HBMHUDBAY MINERALS INC Stock | call | 331,400 | $6.58M | -12,500 |
| CPCANADIAN PACIFIC KANSAS CITY Stock | put | 89,300 | $6.58M | +8,800 |
| KGCKINROSS GOLD CORP COM | put | 230,200 | $6.48M | -6,100 |
| NTRNUTRIEN LTD Stock | put | 104,800 | $6.47M | -13,000 |
| BNBROOKFIELD CORP Stock | put | 138,850 | $6.37M | +45,650 |
| WFGWEST FRASER TIMBER CO LTD Stock | call | 97,400 | $5.95M | +88,900 |
| RBARB GLOBAL INC Stock | call | 57,700 | $5.94M | +23,200 |
| MGAMAGNA INTL INC Stock | put | 108,200 | $5.77M | +49,800 |
| HUTHUT 8 CORP COM | put | 124,000 | $5.7M | +13,500 |
| TACTRANSALTA CORP COM | put | 448,600 | $5.67M | +177,600 |
| BAMBROOKFIELD ASSET MANAGMT LTD Stock | call | 104,800 | $5.49M | +39,300 |
| AGFIRST MAJESTIC SILVER CORP COM | call | 328,100 | $5.47M | +137,100 |
| AGFIRST MAJESTIC SILVER CORP COM | put | 310,000 | $5.16M | +124,600 |
| AGIALAMOS GOLD INC Stock | call | 128,600 | $4.96M | +87,000 |
| BAMBROOKFIELD ASSET MANAGMT LTD Stock | put | 86,900 | $4.55M | -35,300 |
| XLESELECT SECTOR SPDR TR SHS | put | 100,000 | $4.47M | new |
| IAGIAMGOLD CORP Stock | call | 265,800 | $4.38M | -45,500 |
| BTGB2GOLD CORP Stock | call | 967,100 | $4.36M | +233,600 |
| SOBOSOUTH BOW CORP Stock | call | 157,800 | $4.33M | -41,800 |
| GLXYGALAXY DIGITAL INC. Stock | call | 189,600 | $4.24M | -162,700 |
| QSRRESTAURANT BRANDS INTL INC Stock | call | 61,700 | $4.21M | +2,700 |
| PSLVSPROTT ASSET MANAGEMENT LP TR UNIT | call | 176,300 | $4.17M | new |
| OTEXOPEN TEXT CORP Stock | call | 124,500 | $4.06M | -131,100 |
| ORLAORLA MNG LTD NEW COM | call | 291,600 | $3.93M | +94,200 |
| PAASPAN AMERN SILVER CORP COM | put | 75,800 | $3.93M | -50,900 |
| QSRRESTAURANT BRANDS INTL INC Stock | put | 51,600 | $3.52M | +18,900 |
| TFIITFI INTERNATIONAL INC Stock | call | 33,800 | $3.49M | +7,600 |
| PDSPRECISION DRILLING CORP Stock | call | 48,300 | $3.47M | -33,200 |
| EQXEQUINOX GOLD CORP COM | call | 245,300 | $3.44M | +123,700 |
| FNVFRANCO NEV CORP Stock | put | 16,200 | $3.36M | -33,800 |
| OVVOVINTIV INC COM | call | 81,600 | $3.2M | -7,300 |
| WFGWEST FRASER TIMBER CO LTD Stock | put | 48,900 | $2.99M | +28,800 |
| TRITHOMSON REUTERS CORP Stock | call | 20,600 | $2.72M | +3,300 |
| BEPBROOKFIELD RENEWABLE ENERGY PARTNERSHIP UNIT | call | 100,100 | $2.7M | +45,500 |
| NXENEXGEN ENERGY LTD Stock | call | 280,000 | $2.58M | -127,800 |
| PDSPRECISION DRILLING CORP Stock | put | 35,600 | $2.56M | -33,400 |
| GIBCGI INC Stock | call | 27,000 | $2.49M | +11,700 |
| IMOIMPERIAL OIL LTD Stock | put | 28,500 | $2.46M | -19,300 |
| NEMNEWMONT CORP COM | call | 23,800 | $2.38M | -23,400 |
| TFIITFI INTERNATIONAL INC Stock | put | 22,800 | $2.36M | -50,100 |
| OROR ROYALTIES INC. Stock | put | 63,300 | $2.24M | new |
| MEOHMETHANEX CORP Stock | call | 55,800 | $2.22M | +27,600 |
| GILGILDAN ACTIVEWEAR INC Stock | put | 35,200 | $2.2M | +26,800 |
| TRITHOMSON REUTERS CORP Stock | put | 15,900 | $2.1M | -2,400 |
| EQXEQUINOX GOLD CORP COM | put | 143,100 | $2.01M | -14,700 |
| LSPDLIGHTSPEED COMMERCE INC SUB VTG SHS | call | 160,500 | $1.94M | +68,500 |
| BHCBAUSCH HEALTH COS INC Stock | call | 277,900 | $1.93M | +90,100 |
| HBMHUDBAY MINERALS INC Stock | put | 94,800 | $1.88M | -40,500 |
| PSLVSPROTT ASSET MANAGEMENT LP TR UNIT | put | 76,800 | $1.82M | new |
| GIBCGI INC Stock | put | 18,800 | $1.74M | +8,400 |
| BTGB2GOLD CORP Stock | put | 383,800 | $1.73M | +63,700 |
| DSGXDESCARTES SYS GROUP INC Stock | call | 19,100 | $1.67M | +9,500 |
| OROR ROYALTIES INC. Stock | call | 47,200 | $1.67M | +25,100 |
| EMAEMERA INC COM | put | 33,800 | $1.66M | -247,500 |
| SOBOSOUTH BOW CORP Stock | put | 59,900 | $1.65M | +2,600 |
| SASEABRIDGE GOLD INC COM *D* | put | 51,700 | $1.53M | +39,900 |
| WCNWASTE CONNECTIONS INC Stock | put | 8,700 | $1.53M | -4,200 |
| BBBLACKBERRY LTD Stock | call | 396,300 | $1.5M | -108,700 |
| DOOBRP INC Stock | call | 20,400 | $1.44M | -72,200 |
| GOOSCANADA GOOSE HLDGS INC Stock | call | 103,900 | $1.35M | -11,700 |
| SASEABRIDGE GOLD INC COM *D* | call | 44,700 | $1.32M | -20,300 |
| DSGXDESCARTES SYS GROUP INC Stock | put | 14,700 | $1.29M | -4,300 |
| UUUUENERGY FUELS INC COM NEW | put | 85,800 | $1.25M | +42,600 |
| MEOHMETHANEX CORP Stock | put | 30,600 | $1.22M | -2,600 |
| GRTUFGRANITE REAL ESTATE INVESTME TR UNIT NEW | call | 20,500 | $1.21M | -4,200 |
| ORLAORLA MNG LTD NEW COM | put | 90,000 | $1.21M | +46,600 |
| GILGILDAN ACTIVEWEAR INC Stock | call | 19,100 | $1.19M | -6,900 |
| NEMNEWMONT CORP COM | put | 11,300 | $1.13M | -61,000 |
| BHCBAUSCH HEALTH COS INC Stock | put | 160,400 | $1.11M | +39,800 |
| RBARB GLOBAL INC Stock | put | 10,300 | $1.06M | new |
| EROERO COPPER CORP Stock | call | 36,600 | $1.04M | -1,300 |
| UUUUENERGY FUELS INC COM NEW | call | 69,700 | $1.01M | -104,700 |
| FSMFORTUNA MNG CORP Stock | put | 91,000 | $893K | -39,400 |
| EGOELDORADO GOLD CORP NEW Stock | call | 24,500 | $880K | -14,600 |
| AQNALGONQUIN POWER & UTILITIES Stock | put | 138,600 | $852K | -38,800 |
| STNSTANTEC INC Stock | call | 8,600 | $811K | -4,200 |
| OVVOVINTIV INC COM | put | 20,700 | $811K | -6,000 |
| BEPCBROOKFIELD RENEWABLE CORP CL A EX SUB VTG | call | 20,800 | $797K | +11,400 |
| IAGIAMGOLD CORP Stock | put | 47,800 | $788K | +34,000 |
| NXENEXGEN ENERGY LTD Stock | put | 82,700 | $761K | -78,700 |
| CGAUCENTERRA GOLD INC Stock | call | 52,000 | $747K | -3,700 |
| VETVERMILION ENERGY INC Stock | call | 88,800 | $741K | +3,600 |
| CGCCANOPY GROWTH CORPORATION Stock | put | 637,040 | $726K | +73,500 |
| ATSATS CORPORATION COM | call | 26,300 | $724K | -9,700 |
| TLRYTILRAY BRANDS INC COM | call | 79,790 | $721K | new |
| CAECAE INC Stock | call | 22,800 | $694K | -8,100 |
| GLXYGALAXY DIGITAL INC. Stock | put | 28,400 | $635K | -83,000 |
| ASTLALGOMA STL GROUP INC COM | call | 154,400 | $633K | +26,800 |
| GFLGFL ENVIRONMENTAL INC Stock | call | 14,500 | $623K | -3,800 |
| CGCCANOPY GROWTH CORPORATION Stock | call | 537,290 | $613K | +75,400 |
| LSPDLIGHTSPEED COMMERCE INC SUB VTG SHS | put | 50,700 | $612K | -8,400 |
| EXKENDEAVOUR SILVER CORP COM | call | 63,800 | $600K | -33,700 |
| BTEBAYTEX ENERGY CORP Stock | call | 184,100 | $595K | +31,000 |
| EXKENDEAVOUR SILVER CORP COM | put | 63,100 | $593K | +26,800 |
| GOOSCANADA GOOSE HLDGS INC Stock | put | 44,600 | $578K | +33,200 |
| SVMSILVERCORP METALS INC EQUITY | call | 67,700 | $565K | -113,800 |
| GFLGFL ENVIRONMENTAL INC Stock | put | 11,700 | $503K | -7,800 |
| BEPCBROOKFIELD RENEWABLE CORP CL A EX SUB VTG | put | 13,100 | $502K | -14,400 |
| AGIALAMOS GOLD INC Stock | put | 12,900 | $498K | +2,100 |
| DOOBRP INC Stock | put | 6,900 | $488K | -36,700 |
| EGOELDORADO GOLD CORP NEW Stock | put | 13,400 | $481K | +6,200 |
| BTEBAYTEX ENERGY CORP Stock | put | 147,700 | $477K | -68,100 |
| STNSTANTEC INC Stock | put | 5,000 | $472K | -4,600 |
| LACLITHIUM AMERS CORP NEW Stock | call | 107,900 | $470K | +19,700 |
| SSRMSSR MINING IN COM | put | 20,700 | $454K | new |
| ACBAURORA CANNABIS INC Stock | call | 104,400 | $441K | -51,900 |
| AAUCALLIED GOLD CORP COM NEW | call | 18,600 | $426K | new |
| NGNOVAGOLD RESOURCES INC COM NEW | call | 45,100 | $420K | +15,600 |
| AQNALGONQUIN POWER & UTILITIES Stock | call | 66,400 | $408K | -134,200 |
| ASTLALGOMA STL GROUP INC COM | put | 99,400 | $408K | -57,400 |
| FSMFORTUNA MNG CORP Stock | call | 38,600 | $379K | -45,200 |
| NGNOVAGOLD RESOURCES INC COM NEW | put | 40,400 | $377K | +23,100 |
| LACLITHIUM AMERS CORP NEW Stock | put | 81,300 | $354K | +16,300 |
| SSRMSSR MINING IN COM | call | 14,200 | $311K | -63,000 |
| CAECAE INC Stock | put | 10,100 | $307K | -2,900 |
| SVMSILVERCORP METALS INC EQUITY | put | 36,600 | $305K | -11,500 |
| EROERO COPPER CORP Stock | put | 9,800 | $277K | -7,100 |
| BBBLACKBERRY LTD Stock | put | 70,200 | $266K | +600 |
| BLDPBALLARD PWR SYS INC NEW Stock | call | 100,800 | $256K | -50,000 |
| TLRYTILRAY BRANDS INC COM | put | 27,780 | $251K | new |
| TFPMTRIPLE FLAG PRECIOUS METAL Stock | call | 7,500 | $249K | new |
| CRONCRONOS GROUP INC COM | call | 75,800 | $199K | -27,900 |
| CNLCOLLECTIVE MINING LTD COM | call | 10,100 | $147K | new |
| BLDPBALLARD PWR SYS INC NEW Stock | put | 53,000 | $135K | -6,100 |
| BITFBITFARMS LTD Common Stock | call | 54,700 | $129K | -59,000 |
| ACBAURORA CANNABIS INC Stock | put | 29,000 | $122K | -21,700 |
| OBEOBSIDIAN ENERGY LTD COM | put | 16,500 | $101K | new |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| TRITHOMSON REUTERS CORP | 22,777 | $3.54M | shares |
| WCNWASTE CONNECTIONS INC | 14,230 | $2.5M | shares |
| DOOBRP INC | 32,602 | $1.98M | shares |
| OVVOVINTIV INC | 41,763 | $1.69M | shares |
| TILRAY INCTILRAY INC | 856,800 | $1.48M | call |
| BBBLACKBERRY LTD | 257,738 | $1.26M | shares |
| OTEXOPEN TEXT CORP | 29,500 | $1.1M | put |
| GRTUFGRANITE REAL ESTATE INVESTME | 19,200 | $1.07M | put |
| GLXYGALAXY DIGITAL INC. | 23,191 | $784K | shares |
| Sandstorm Gold LtdSandstorm Gold Ltd | 58,600 | $734K | put |
| CLSCELESTICA INC | 2,654 | $654K | shares |
| Sandstorm Gold LtdSandstorm Gold Ltd | 42,129 | $527K | shares |
| Sandstorm Gold LtdSandstorm Gold Ltd | 35,700 | $447K | call |
| QSRRESTAURANT BRANDS INTL INC | 6,155 | $395K | shares |
| TILRAY INCTILRAY INC | 211,176 | $365K | shares |
| TILRAY INCTILRAY INC | 114,400 | $198K | put |
| BHCBAUSCH HEALTH COS INC | 27,482 | $177K | shares |
| STKLSUNOPTA INC | 16,700 | $97.9K | put |
| STKLSUNOPTA INC | 11,700 | $68.6K | call |
How Q4 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001868643-26-000001 | base | 2026-02-17 | acceptance time not in the bulk data set |