SIG North Trading, ULC

CIK 0001868643 · Q1 2026

13F Equity AUM

$5.0B

-9.1% QoQ

Positions

111

+4 QoQ

AUM Rank

#1,016

Top 8%

Skill Alpha (FF)

+0.9%/yr^ns

No Clear Edge

Rank #1,647 · Top 20%

vs S&P -1.3%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 35.1%Top 10: 59.3%Top 20: 81.5%

RCI/B7.8%

RY7.5%

T6.9%

CM6.6%

BNS6.4%

BMO5.9%

ENB5.0%

SU4.9%

BCE4.2%

TRP4.2%

Others (101)40.7%

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

Sector Allocation

Financial Services36.7%

Energy24.8%

Communication Services18.9%

Basic Materials9.4%

Utilities4.3%

Industrials2.1%

Technology2.1%

Other1.7%

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

Position Sizing

Positions: 111Median: 0.15%Avg: 0.90%

0–0.5%

81(10.8%)

0.5–1%

10(7.7%)

1–3%

8(14.4%)

3–5%

6(26.1%)

5%+

6(41.0%)

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

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Portfolio Overlap

Shared: 111Unique: 0vs 20 funds

1.5%Low

111

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

2.1%

BANK OF AMERICA CORP /DE/

2.2%

JPMORGAN CHASE & CO

GEODE CAPITAL MANAGEMENT, LLC

2.8%

VANGUARD CAPITAL MANAGEMENT LLC

2.7%

BlackRock, Inc.

FMR LLC

2.7%

STATE STREET CORP

VANGUARD PORTFOLIO MANAGEMENT LLC

0.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New5Increased52Decreased52Exited1

New Positions

MDA0.2%

+339K

PHYS/U0.1%

+96K

EFX0.0%

+88K

DML0.0%

+70K

TMQ0.0%

+16K

Increased

T6.9%

+3.4M(+15%)

BTO0.2%

+972K(+57%)

NTR1.3%

+361K(+69%)

AAUC0.2%

+358K(+1927%)

BB0.1%

+313K(+67%)

PSLV/U0.3%

+280K(+82%)

TECK/B0.9%

+245K(+38%)

QSR0.5%

+218K(+192%)

BHC0.1%

+195K(+45%)

BAM0.4%

+194K(+77%)

Decreased

VET0.3%

-2,946,305(-75%)

BCE4.2%

-2,760,078(-25%)

RCI/B7.8%

-1,564,166(-13%)

ENB5.0%

-1,513,687(-25%)

PPL1.4%

-1,511,168(-49%)

CRC4.1%

-1,329,126(-24%)

TRP4.2%

-1,089,752(-25%)

TD3.7%

-1,007,309(-34%)

BMO5.9%

-997,248(-32%)

CM6.6%

-888,824(-20%)

Exited

GRT-U

-20,500

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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