SIG North Trading, ULC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$5.1B

Holdings

102

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (102 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	RCI/BROGERS COMMUNICATIONS INC	12,306,268	$424.2M	8.30%	Put
2	BNSBANK NOVA SCOTIA HALIFAX	6,339,022	$409.8M	8.01%	Put
3	RYROYAL BK CDA	2,540,086	$374.2M	7.32%	Put
4	BMOBANK MONTREAL QUE	2,678,700	$348.9M	6.82%	Put
5	CMCANADIAN IMPERIAL BANK OF CO	3,946,200	$315.3M	6.16%	Put
6	TTELUS CORPORATION	19,659,382	$310.0M	6.06%	Put
7	BCEBCE INC	12,150,850	$284.2M	5.56%	Put
8	ENBENBRIDGE INC	5,165,929	$260.7M	5.10%	Put
9	TDTORONTO DOMINION BK ONT	2,962,888	$236.9M	4.63%	Put
10	CRCCANADIAN NAT RES LTD	7,372,735	$235.6M	4.61%	Put
11	TRPTC ENERGY CORP	4,059,453	$220.9M	4.32%	Put
12	SUSUNCOR ENERGY INC NEW	4,262,593	$178.2M	3.49%	Put
13	LIESUN LIFE FINANCIAL INC.	2,663,012	$159.9M	3.13%	Put
14	PPLPEMBINA PIPELINE CORP	3,664,869	$148.3M	2.90%	Put
15	MFCMANULIFE FINL CORP	3,456,298	$107.7M	2.11%	Put
16	CCOCAMECO CORP	1,069,900	$89.7M	1.75%	Put
17	BNBROOKFIELD CORP	1,231,300	$84.4M	1.65%	Put
18	AEMAGNICO EAGLE MINES LTD	471,100	$79.4M	1.55%	Put
19	CVECENOVUS ENERGY INC	3,937,950	$66.9M	1.31%	Put
20	CNRCANADIAN NATL RY CO	578,570	$54.6M	1.07%	Put
21	BIPBROOKFIELD INFRAST PARTNERS	1,470,642	$48.4M	0.95%	Put
22	CLSCELESTICA INC	186,554	$46.0M	0.90%	Put
23	BBARRICK MNG CORP	1,383,101	$45.3M	0.89%	Put
24	SHOPSHOPIFY INC	248,600	$36.9M	0.72%	Put
25	NTRNUTRIEN LTD	596,884	$35.0M	0.69%	Put
26	FNVFRANCO NEV CORP	134,800	$30.0M	0.59%	Put
27	EMAEMERA INC	595,800	$28.6M	0.56%	Put
28	TECK/BTECK RESOURCES LTD	516,800	$22.7M	0.44%	Put
29	CPCANADIAN PACIFIC KANSAS CITY	291,414	$21.7M	0.42%	Put
30	FTSFORTIS INC	419,200	$21.3M	0.42%	Put
31	EQXEQUINOX GOLD CORP	1,855,424	$20.8M	0.41%	Put
32	NEMNEWMONT CORP	236,964	$20.0M	0.39%	Put
33	GLXYGALAXY DIGITAL INC.	486,891	$16.5M	0.32%	Put
34	WPMWHEATON PRECIOUS METALS CORP	144,500	$16.2M	0.32%	Put
35	PAASPAN AMERN SILVER CORP	382,185	$14.8M	0.29%	Put
36	KGCKINROSS GOLD CORP	579,676	$14.4M	0.28%	Put
37	MGAMAGNA INTL INC	301,600	$14.3M	0.28%	Put
38	IMOIMPERIAL OIL LTD	142,505	$12.9M	0.25%	Put
39	TACTRANSALTA CORP	919,423	$12.6M	0.25%	Put
40	HUTHUT 8 CORP	340,100	$11.8M	0.23%	Put
41	BAMBROOKFIELD ASSET MANAGMT LTD	194,923	$11.1M	0.22%	Put
42	OTXOPEN TEXT CORP	285,100	$10.7M	0.21%	Put
43	DOOBRP INC	168,802	$10.3M	0.20%	Put
44	AGFIRST MAJESTIC SILVER CORP	802,039	$9.9M	0.19%	Put
45	TFIITFI INTL INC	103,166	$9.1M	0.18%	Put
46	TRITHOMSON REUTERS CORP	58,377	$9.1M	0.18%	Put
47	VETVERMILION ENERGY INC	1,092,597	$8.5M	0.17%	Put
48	PDSPRECISION DRILLING CORP	150,500	$8.5M	0.17%	Put
49	NXENEXGEN ENERGY LTD	934,760	$8.4M	0.16%	Put
50	SOBOSOUTH BOW CORP	256,900	$7.3M	0.14%	Put
51	HBMHUDBAY MINERALS INC	479,200	$7.3M	0.14%	Put
52	WCNWASTE CONNECTIONS INC	40,830	$7.2M	0.14%	Put
53	BTOB2GOLD CORP	1,418,887	$7.0M	0.14%	Put
54	EFRENERGY FUELS INC	421,193	$6.5M	0.13%	Put
55	OVVOVINTIV INC	157,363	$6.4M	0.12%	Put
56	QSRRESTAURANT BRANDS INTL INC	97,855	$6.3M	0.12%	Put
57	IMGIAMGOLD CORP	343,494	$4.4M	0.09%	Put
58	GILGILDAN ACTIVEWEAR INC	70,804	$4.1M	0.08%	Put
59	BBBLACKBERRY LTD	832,338	$4.1M	0.08%	Put
60	WFGWEST FRASER TIMBER CO LTD	55,903	$3.8M	0.07%	Put
61	GIB/ACGI INC	42,002	$3.7M	0.07%	Put
62	RBARB GLOBAL INC	34,500	$3.7M	0.07%	Call
63	DSGDESCARTES SYS GROUP INC	37,021	$3.5M	0.07%	Put
64	CGCENTERRA GOLD INC	319,267	$3.4M	0.07%	Call
65	BEPBROOKFIELD RENEWABLE PARTNER	132,627	$3.4M	0.07%	Put
66	AGIALAMOS GOLD INC NEW	96,085	$3.3M	0.07%	Put
67	ELDELDORADO GOLD CORP NEW	114,688	$3.3M	0.06%	Put
68	OLAORLA MNG LTD NEW	264,194	$2.9M	0.06%	Put
69	STNSTANTEC INC	26,297	$2.8M	0.06%	Put
70	SEASEABRIDGE GOLD INC	116,717	$2.8M	0.06%	Put
71	AQN.TOALGONQUIN PWR UTILS CORP	511,363	$2.7M	0.05%	Put
72	FVIFORTUNA MNG CORP	305,476	$2.7M	0.05%	Put
73	GFLGFL ENVIRONMENTAL INC	57,077	$2.7M	0.05%	Put
74	SSRMSSR MINING IN	103,087	$2.5M	0.05%	Call
75	GRT-UGRANITE REAL ESTATE INVT TR	43,900	$2.4M	0.05%	Put
76	MEOHMETHANEX CORP	61,400	$2.4M	0.05%	Put
77	BTEBAYTEX ENERGY CORP	1,012,052	$2.4M	0.05%	Put
78	LSPDLIGHTSPEED COMMERCE INC	197,445	$2.3M	0.04%	Put
79	BHCBAUSCH HEALTH COS INC	335,882	$2.2M	0.04%	Put
80	EDRENDEAVOUR SILVER CORP	263,465	$2.1M	0.04%	Put
81	TLRYEURTILRAY BRANDS INC	1,182,376	$2.0M	0.04%	Put
82	BEPCBROOKFIELD RENEWABLE CORP	58,792	$2.0M	0.04%	Put
83	WEEDCANOPY GROWTH CORP	1,379,482	$2.0M	0.04%	Put
84	SVMSILVERCORP METALS INC	296,539	$1.9M	0.04%	Put
85	LACLITHIUM AMERS CORP NEW	323,309	$1.8M	0.04%	Put
86	GOOSCANADA GOOSE HLDGS INC	127,000	$1.8M	0.03%	Put
87	AYS1SANDSTORM GOLD LTD	136,429	$1.7M	0.03%	Put
88	ACBAURORA CANNABIS INC	284,634	$1.7M	0.03%	Put
89	ASTLALGOMA STL GROUP INC	426,317	$1.5M	0.03%	Put
90	OROR ROYALTIES INC.	36,495	$1.5M	0.03%	Call
91	CDECOEUR MNG INC	73,597	$1.4M	0.03%
92	CAECAE INC	43,900	$1.3M	0.03%	Put
93	EROERO COPPER CORP	54,800	$1.1M	0.02%	Put
94	PRMBPRIMO BRANDS CORPORATION	49,257	$1.1M	0.02%
95	ATSATS CORPORATION	36,000	$943K	0.02%	Call
96	BLDPBALLARD PWR SYS INC NEW	269,527	$733K	0.01%	Put
97	NGNOVAGOLD RES INC	62,685	$552K	0.01%	Put
98	SOYSUNOPTA INC	93,322	$547K	0.01%	Put
99	CRONCRONOS GROUP INC	189,668	$527K	0.01%	Call
100	BITFBITFARMS LTD	113,700	$321K	0.01%	Call

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