SIG North Trading, ULC

CIK 0001868643 · Q2 2026

13F Equity AUM

$5.4B

+8.8% QoQ

Positions

115

+4 QoQ

AUM Rank

#1,455

Top 12%

Skill Alpha (FF)

+0.9%/yr^ns

No Clear Edge

Rank #1,650 · Top 20%

vs S&P +6.0%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 40.8%Top 10: 62.0%Top 20: 82.9%

RY10.3%

CM9.2%

BNS8.7%

BMO6.4%

TD6.2%

RCI/B4.8%

ENB4.8%

T4.1%

TRP4.0%

BCE3.5%

Others (105)38.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services47.6%

Energy20.7%

Communication Services12.5%

Basic Materials7.4%

Utilities4.0%

Technology3.4%

Industrials2.3%

Other2.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 115Median: 0.14%Avg: 0.87%

0–0.5%

87(11.6%)

0.5–1%

8(5.4%)

1–3%

9(17.8%)

3–5%

6(24.3%)

5%+

5(40.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 115vs 20 funds

0%Low

115

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New10Increased51Decreased50Exited6

New Positions

THOMSON REUTERS CORP0.4%

+273K

BYD0.1%

+86K

AYA0.1%

+433K

GDX0.1%

+50K

SEABRIDGE GOLD INC0.0%

+72K

OGC0.0%

+36K

SKE0.0%

+45K

ELVA0.0%

+58K

ARIS0.0%

+15K

KEEL INFRASTRUCTURE …0.0%

+34K

Increased

CM9.2%

+853K(+25%)

BNS8.7%

+811K(+18%)

TD6.2%

+800K(+40%)

B1.3%

+757K(+63%)

BCE3.5%

+547K(+7%)

SHOP1.7%

+492K(+149%)

BHC0.1%

+424K(+67%)

RY10.3%

+399K(+17%)

CCO2.4%

+397K(+44%)

FTS0.5%

+335K(+309%)

Decreased

T4.1%

-5,730,610(-21%)

RCI/B4.8%

-2,053,897(-20%)

SU3.1%

-606,800(-16%)

CRC2.6%

-557,025(-13%)

BIP0.7%

-449,935(-30%)

NTR0.6%

-382,790(-43%)

TECK/B0.6%

-382,698(-43%)

BTO0.2%

-334,752(-13%)

AG0.3%

-309,388(-28%)

PSLV/U0.1%

-263,498(-42%)

Exited

-220,144

-134,529

-10,201

-43,622

-22,200

-81,400

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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