MondegarAI
SIG North Trading, ULC

Q1 2025 · 13F-HR

SIG North Trading, ULCholdings as filed

Filed 2025-05-14 · accession 0001868643-25-000003

$3.16B
Reported value
257
Positions
2025-03-31
Period end
View analyzed profile →PRO

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
05534B760BCEBCE INC$169.7M5.36%7,389,600PUTSOLE
780087102RYROYAL BK CDA$151.1M4.78%1,340,300PUTSOLE
136069101CMCANADIAN IMPERIAL BK COMM$139.6M4.41%2,479,600PUTSOLE
063671101BMOBANK MONTREAL QUE$136.8M4.32%1,432,200PUTSOLE
775109200RCIROGERS COMMUNICATIONS INC$129.7M4.10%4,852,600PUTSOLE
87971M103TUTELUS CORPORATION$128.7M4.07%8,971,500PUTSOLE
87807B107TRPTC ENERGY CORP$122.3M3.87%2,590,900PUTSOLE
064149107BNSBANK NOVA SCOTIA HALIFAX$116.7M3.69%2,460,400PUTSOLE
780087102RYROYAL BK CDA$115.9M3.66%1,028,400CALLSOLE
891160509TDTORONTO DOMINION BK ONT$111.9M3.54%1,866,500PUTSOLE
891160509TDTORONTO DOMINION BK ONT$85.9M2.72%1,433,800CALLSOLE
867224107SUSUNCOR ENERGY INC NEW$85.0M2.69%2,195,500PUTSOLE
05534B760BCEBCE INC$81.3M2.57%3,542,016CommonSOLE
136385101CNQCANADIAN NAT RES LTD$77.1M2.44%2,501,900PUTSOLE
706327103PBAPEMBINA PIPELINE CORP$70.7M2.24%1,767,000PUTSOLE
87971M103TUTELUS CORPORATION$64.6M2.04%4,507,300CALLSOLE
56501R106MFCMANULIFE FINL CORP$57.1M1.81%1,833,600PUTSOLE
05534B760BCEBCE INC$55.6M1.76%2,422,100CALLSOLE
775109200RCIROGERS COMMUNICATIONS INC$52.1M1.65%1,949,107CommonSOLE
29250N105ENBENBRIDGE INC$52.0M1.64%1,172,600PUTSOLE
063671101BMOBANK MONTREAL QUE$51.6M1.63%540,600CALLSOLE
064149107BNSBANK NOVA SCOTIA HALIFAX$47.2M1.49%994,399CommonSOLE
87971M103TUTELUS CORPORATION$46.1M1.46%3,216,510CommonSOLE
775109200RCIROGERS COMMUNICATIONS INC$39.1M1.24%1,462,300CALLSOLE
866796105SLFSUN LIFE FINANCIAL INC.$38.0M1.20%663,400PUTSOLE
29250N105ENBENBRIDGE INC$37.4M1.18%844,600CALLSOLE
136385101CNQCANADIAN NAT RES LTD$36.1M1.14%1,173,000CALLSOLE
136069101CMCANADIAN IMPERIAL BK COMM$33.1M1.05%588,500CALLSOLE
15135U109CVECENOVUS ENERGY INC$28.7M0.91%2,064,400PUTSOLE
780087102RYROYAL BK CDA$26.2M0.83%232,479CommonSOLE
064149107BNSBANK NOVA SCOTIA HALIFAX$23.9M0.76%504,400CALLSOLE
67077M108NTRNUTRIEN LTD$22.9M0.73%461,800CALLSOLE
87807B107TRPTC ENERGY CORP$22.2M0.70%469,600CALLSOLE
136385101CNQCANADIAN NAT RES LTD$22.0M0.70%714,856CommonSOLE
706327103PBAPEMBINA PIPELINE CORP$21.3M0.67%533,200CALLSOLE
867224107SUSUNCOR ENERGY INC NEW$19.9M0.63%512,921CommonSOLE
063671101BMOBANK MONTREAL QUE$18.0M0.57%188,630CommonSOLE
136375102CNICANADIAN NATL RY CO$17.9M0.57%183,900PUTSOLE
136069101CMCANADIAN IMPERIAL BK COMM$17.6M0.56%312,302CommonSOLE
008474108AEMAGNICO EAGLE MINES LTD$17.1M0.54%157,800CALLSOLE
867224107SUSUNCOR ENERGY INC NEW$16.8M0.53%434,900CALLSOLE
13646K108CPCANADIAN PACIFIC KANSAS CITY$16.4M0.52%233,300CALLSOLE
13321L108CCJCAMECO CORP$15.6M0.49%378,600CALLSOLE
56501R106MFCMANULIFE FINL CORP$15.5M0.49%499,131CommonSOLE
891160509TDTORONTO DOMINION BK ONT$14.3M0.45%238,002CommonSOLE
136375102CNICANADIAN NATL RY CO$13.8M0.44%142,100CALLSOLE
008474108AEMAGNICO EAGLE MINES LTD$13.3M0.42%122,400PUTSOLE
82509L107SHOPSHOPIFY INC$13.2M0.42%138,300CALLSOLE
13321L108CCJCAMECO CORP$13.2M0.42%320,800PUTSOLE
351858105FNVFRANCO NEV CORP$13.1M0.41%83,300PUTSOLE
351858105FNVFRANCO NEV CORP$12.3M0.39%78,300CALLSOLE
67077M108NTRNUTRIEN LTD$12.2M0.38%244,715CommonSOLE
15135U109CVECENOVUS ENERGY INC$12.0M0.38%864,500CALLSOLE
866796105SLFSUN LIFE FINANCIAL INC.$11.3M0.36%197,434CommonSOLE
067901108ABXBARRICK GOLD CORP$10.3M0.32%528,100CALLSOLE
11271J107BNBROOKFIELD CORP$9.6M0.30%183,000CALLSOLE
706327103PBAPEMBINA PIPELINE CORP$9.0M0.29%225,469CommonSOLE
56501R106MFCMANULIFE FINL CORP$9.0M0.28%289,300CALLSOLE
15101Q207CLSCELESTICA INC$8.4M0.27%107,100CALLSOLE
651639106NEMNEWMONT CORP$7.9M0.25%162,904CommonSOLE
349553107FTSFORTIS INC$7.4M0.23%162,100PUTSOLE
87807B107TRPTC ENERGY CORP$7.3M0.23%155,004CommonSOLE
94106B101WCNWASTE CONNECTIONS INC$7.0M0.22%36,000CALLSOLE
559222401MGAMAGNA INTL INC$6.5M0.20%190,200CALLSOLE
83671M105SOBOSOUTH BOW CORP$6.4M0.20%250,670CommonSOLE
82509L107SHOPSHOPIFY INC$6.3M0.20%66,000PUTSOLE
878742204TECKTECK RESOURCES LTD$6.0M0.19%165,300PUTSOLE
76131D103QSRRESTAURANT BRANDS INTL INC$6.0M0.19%89,700CALLSOLE
136375102CNICANADIAN NATL RY CO$5.8M0.18%59,801CommonSOLE
878742204TECKTECK RESOURCES LTD$5.7M0.18%156,200CALLSOLE
G16252101BIPBROOKFIELD INFRAST PARTNERS$5.6M0.18%186,400CALLSOLE
13646K108CPCANADIAN PACIFIC KANSAS CITY$5.3M0.17%75,300PUTSOLE
12532H104GIBCGI INC$5.0M0.16%50,300CALLSOLE
113004105BAMBROOKFIELD ASSET MANAGMT LTD$4.7M0.15%98,000CALLSOLE
67077M108NTRNUTRIEN LTD$4.7M0.15%95,500PUTSOLE
15101Q207CLSCELESTICA INC$4.7M0.15%59,100PUTSOLE
349553107FTSFORTIS INC$4.6M0.15%101,500CALLSOLE
15135U109CVECENOVUS ENERGY INC$4.6M0.15%332,592CommonSOLE
76131D103QSRRESTAURANT BRANDS INTL INC$4.6M0.15%69,100PUTSOLE
74935Q107RBARB GLOBAL INC$4.5M0.14%45,100CALLSOLE
697900108PAASPAN AMERN SILVER CORP$4.4M0.14%169,589CommonSOLE
92340V107016VEREN INC$4.1M0.13%612,600CALLSOLE
44812J104HUTHUT 8 CORP$4.0M0.13%343,900PUTSOLE
067901108ABXBARRICK GOLD CORP$3.8M0.12%196,400PUTSOLE
69047Q102OVVOVINTIV INC$3.8M0.12%88,800CALLSOLE
74347G440BITOPROSHARES TR$3.7M0.12%204,270CommonSOLE
89346D107TACTRANSALTA CORP$3.7M0.12%391,600CALLSOLE
923725105VETVERMILION ENERGY INC$3.6M0.12%449,500PUTSOLE
067901108ABXBARRICK GOLD CORP$3.6M0.11%184,450CommonSOLE
83671M105SOBOSOUTH BOW CORP$3.5M0.11%137,000CALLSOLE
496902404KGCKINROSS GOLD CORP$3.4M0.11%272,100PUTSOLE
453038408IMOIMPERIAL OIL LTD$3.3M0.10%45,700CALLSOLE
866796105SLFSUN LIFE FINANCIAL INC.$3.3M0.10%57,100CALLSOLE
00217Y104ATSATS CORPORATION$3.2M0.10%128,200CALLSOLE
92340V107016VEREN INC$3.2M0.10%482,454CommonSOLE
87241L109TFIITFI INTL INC$3.1M0.10%40,420CommonSOLE
29250N105ENBENBRIDGE INC$3.1M0.10%70,292CommonSOLE
651639106NEMNEWMONT CORP$3.1M0.10%64,300CALLSOLE
11777Q209BTGB2GOLD CORP$3.1M0.10%1,085,500CALLSOLE
962879102WPMWHEATON PRECIOUS METALS CORP$3.1M0.10%39,500CALLSOLE
651639106NEMNEWMONT CORP$3.0M0.10%62,700PUTSOLE
923725105VETVERMILION ENERGY INC$3.0M0.10%371,410CommonSOLE
13321L108CCJCAMECO CORP$2.9M0.09%70,972CommonSOLE
29446Y502EQXEQUINOX GOLD CORP$2.9M0.09%420,887CommonSOLE
962879102WPMWHEATON PRECIOUS METALS CORP$2.8M0.09%35,900PUTSOLE
74022D407PDSPRECISION DRILLING CORP$2.7M0.08%57,000PUTSOLE
87241L109TFIITFI INTL INC$2.6M0.08%34,100PUTSOLE
496902404KGCKINROSS GOLD CORP$2.6M0.08%209,200CALLSOLE
884903808TRI4EURTHOMSON REUTERS CORP$2.6M0.08%14,800CALLSOLE
11271J107BNBROOKFIELD CORP$2.5M0.08%48,600PUTSOLE
55903Q104MQ8MAG SILVER CORP$2.5M0.08%161,400PUTSOLE
87241L109TFIITFI INTL INC$2.5M0.08%31,800CALLSOLE
496902404KGCKINROSS GOLD CORP$2.4M0.07%187,066CommonSOLE
559222401MGAMAGNA INTL INC$2.3M0.07%68,100PUTSOLE
92340V107016VEREN INC$2.2M0.07%332,800PUTSOLE
011532108AGIALAMOS GOLD INC NEW$2.2M0.07%80,700CALLSOLE
07317Q105BTEBAYTEX ENERGY CORP$2.1M0.07%941,550CommonSOLE
884903808TRI4EURTHOMSON REUTERS CORP$2.1M0.07%12,100PUTSOLE
44812J104HUTHUT 8 CORP$2.1M0.07%179,300CALLSOLE
351858105FNVFRANCO NEV CORP$2.1M0.07%13,189CommonSOLE
697900108PAASPAN AMERN SILVER CORP$2.1M0.07%80,300PUTSOLE
32076V103AGFIRST MAJESTIC SILVER CORP$2.0M0.06%302,910CommonSOLE
453038408IMOIMPERIAL OIL LTD$2.0M0.06%27,700PUTSOLE
697900108PAASPAN AMERN SILVER CORP$1.9M0.06%74,500CALLSOLE
878742204TECKTECK RESOURCES LTD$1.8M0.06%50,115CommonSOLE
387437205GRTUFGRANITE REAL ESTATE INVT TR$1.8M0.06%37,800PUTSOLE
741623102PRMBPRIMO BRANDS CORPORATION$1.7M0.06%49,157CommonSOLE
74022D407PDSPRECISION DRILLING CORP$1.7M0.05%36,900CALLSOLE
68827L101OREUROSISKO GOLD ROYALTIES LTD$1.5M0.05%72,300CALLSOLE
113004105BAMBROOKFIELD ASSET MANAGMT LTD$1.5M0.05%31,200PUTSOLE
952845105WFGWEST FRASER TIMBER CO LTD$1.5M0.05%19,300CALLSOLE
09228F103BBBLACKBERRY LTD$1.5M0.05%388,400CALLSOLE
683715106OTEXOPEN TEXT CORP$1.5M0.05%57,600CALLSOLE
443628102HBMHUDBAY MINERALS INC$1.4M0.05%190,500CALLSOLE
884903808TRI4EURTHOMSON REUTERS CORP$1.4M0.05%8,286CommonSOLE
89346D107TACTRANSALTA CORP$1.4M0.05%152,800PUTSOLE
12532H104GIBCGI INC$1.4M0.04%14,200PUTSOLE
11777Q209BTGB2GOLD CORP$1.4M0.04%481,900PUTSOLE
071734107BHCBAUSCH HEALTH COS INC$1.3M0.04%206,600CALLSOLE
G16252101BIPBROOKFIELD INFRAST PARTNERS$1.3M0.04%44,700PUTSOLE
69047Q102OVVOVINTIV INC$1.3M0.04%30,100PUTSOLE
387437205GRTUFGRANITE REAL ESTATE INVT TR$1.3M0.04%27,500CALLSOLE
11285B108BEPCBROOKFIELD RENEWABLE CORP$1.3M0.04%45,900PUTSOLE
349553107FTSFORTIS INC$1.3M0.04%28,103CommonSOLE
44812J104HUTHUT 8 CORP$1.2M0.04%107,365CommonSOLE
55903Q104MQ8MAG SILVER CORP$1.2M0.04%78,854CommonSOLE
124765108CAECAE INC$1.2M0.04%47,800CALLSOLE
83671M105SOBOSOUTH BOW CORP$1.2M0.04%45,800PUTSOLE
85472N109STNSTANTEC INC$1.2M0.04%14,000CALLSOLE
249906108DSGXDESCARTES SYS GROUP INC$1.1M0.04%11,300PUTSOLE
36168Q104GFLGFL ENVIRONMENTAL INC$1.1M0.04%23,000CALLSOLE
249906108DSGXDESCARTES SYS GROUP INC$1.0M0.03%10,373CommonSOLE
387437205GRTUFGRANITE REAL ESTATE INVT TR$1.0M0.03%21,532CommonSOLE
36168Q104GFLGFL ENVIRONMENTAL INC$994,7030.03%20,590CommonSOLE
015857105AQNALGONQUIN PWR UTILS CORP$972,4880.03%189,200PUTSOLE
284902509EGOELDORADO GOLD CORP NEW$935,7980.03%55,636CommonSOLE
923725105VETVERMILION ENERGY INC$915,3000.03%113,000CALLSOLE
349942102FSMFORTUNA MNG CORP$896,3460.03%146,942CommonSOLE
68634K106ORLAORLA MNG LTD NEW$886,1930.03%94,780CommonSOLE
07317Q105BTEBAYTEX ENERGY CORP$882,4110.03%395,700PUTSOLE
015857105AQNALGONQUIN PWR UTILS CORP$877,9120.03%170,800CALLSOLE
11271J107BNBROOKFIELD CORP$871,0540.03%16,620CommonSOLE
85472N109STNSTANTEC INC$853,2520.03%10,300PUTSOLE
05577W200DOOBRP INC$852,0120.03%25,200CALLSOLE
65340P106NXENEXGEN ENERGY LTD$821,6700.03%183,000PUTSOLE
249906108DSGXDESCARTES SYS GROUP INC$806,6400.03%8,000CALLSOLE
32076V103AGFIRST MAJESTIC SILVER CORP$791,4270.03%118,300CALLSOLE
59151K108MEOHMETHANEX CORP$786,0160.02%22,400CALLSOLE
559222401MGAMAGNA INTL INC$773,5780.02%22,759CommonSOLE
11777Q209BTGB2GOLD CORP$772,0620.02%270,899CommonSOLE
015857105AQNALGONQUIN PWR UTILS CORP$766,9600.02%149,214CommonSOLE
11285B108BEPCBROOKFIELD RENEWABLE CORP$745,4640.02%26,700CALLSOLE
32076V103AGFIRST MAJESTIC SILVER CORP$735,2310.02%109,900PUTSOLE
284902509EGOELDORADO GOLD CORP NEW$728,3060.02%43,300PUTSOLE
05577W200DOOBRP INC$713,3910.02%21,100PUTSOLE
94106B101WCNWASTE CONNECTIONS INC$683,1650.02%3,500PUTSOLE
76131D103QSRRESTAURANT BRANDS INTL INC$679,6610.02%10,199CommonSOLE
82509L107SHOPSHOPIFY INC$672,3700.02%7,042CommonSOLE
00217Y104ATSATS CORPORATION$670,6170.02%26,900PUTSOLE
292671708UUUUENERGY FUELS INC$667,5620.02%178,971CommonSOLE
008474108AEMAGNICO EAGLE MINES LTD$639,1850.02%5,896CommonSOLE
55903Q104MQ8MAG SILVER CORP$612,7280.02%40,100CALLSOLE
53229C107LSPDLIGHTSPEED COMMERCE INC$599,3750.02%68,500PUTSOLE
65340P106NXENEXGEN ENERGY LTD$591,0950.02%131,647CommonSOLE
135086106GOOSCANADA GOOSE HLDGS INC$586,7100.02%73,800CALLSOLE
284902509EGOELDORADO GOLD CORP NEW$585,3360.02%34,800CALLSOLE
349942102FSMFORTUNA MNG CORP$573,4000.02%94,000PUTSOLE
53229C107LSPDLIGHTSPEED COMMERCE INC$565,0310.02%64,575CommonSOLE
952845105WFGWEST FRASER TIMBER CO LTD$561,6620.02%7,300PUTSOLE
82835P103SVMSILVERCORP METALS INC$559,7800.02%144,646CommonSOLE
74935Q107RBARB GLOBAL INC$556,3640.02%5,547CommonSOLE
674482203OBEOBSIDIAN ENERGY LTD$554,7080.02%94,660CommonSOLE
09228F103BBBLACKBERRY LTD$545,1420.02%144,600PUTSOLE
192108504CDECOEUR MNG INC$536,0970.02%90,557CommonSOLE
683715106OTEXOPEN TEXT CORP$527,9340.02%20,900PUTSOLE
962879102WPMWHEATON PRECIOUS METALS CORP$527,8060.02%6,799CommonSOLE
443628102HBMHUDBAY MINERALS INC$520,6740.02%68,600PUTSOLE
375916103GILGILDAN ACTIVEWEAR INC$477,5760.02%10,800CALLSOLE
29446Y502EQXEQUINOX GOLD CORP$473,3440.01%68,800CALLSOLE
53229C107LSPDLIGHTSPEED COMMERCE INC$469,0000.01%53,600CALLSOLE
784730103SSRMSSR MINING IN$459,3740.01%45,800CALLSOLE
450913108IAGIAMGOLD CORP$454,3750.01%72,700CALLSOLE
80013R206AYS1SANDSTORM GOLD LTD$451,7090.01%59,829CommonSOLE
071734107BHCBAUSCH HEALTH COS INC$433,4900.01%67,000PUTSOLE
29446Y502EQXEQUINOX GOLD CORP$405,2320.01%58,900PUTSOLE
349942102FSMFORTUNA MNG CORP$405,0400.01%66,400CALLSOLE
65340P106NXENEXGEN ENERGY LTD$404,5490.01%90,100CALLSOLE
29258Y103EXKENDEAVOUR SILVER CORP$403,0880.01%94,400CALLSOLE
292671708UUUUENERGY FUELS INC$385,6820.01%103,400PUTSOLE
05156X850ACBAURORA CANNABIS INC$384,1250.01%87,500CALLSOLE
811916105SASEABRIDGE GOLD INC$374,6070.01%32,100PUTSOLE
36168Q104GFLGFL ENVIRONMENTAL INC$371,9870.01%7,700PUTSOLE
59151K108MEOHMETHANEX CORP$357,9180.01%10,200PUTSOLE
82835P103SVMSILVERCORP METALS INC$354,4920.01%91,600CALLSOLE
811916105SASEABRIDGE GOLD INC$350,1000.01%30,000CALLSOLE
11285B108BEPCBROOKFIELD RENEWABLE CORP$343,3600.01%12,298CommonSOLE
05156X850ACBAURORA CANNABIS INC$321,5540.01%73,247CommonSOLE
74935Q107RBARB GLOBAL INC$300,9000.01%3,000PUTSOLE
07317Q105BTEBAYTEX ENERGY CORP$296,5900.01%133,000CALLSOLE
29258Y103EXKENDEAVOUR SILVER CORP$292,0680.01%68,400PUTSOLE
88688T100TLRYEURTILRAY BRANDS INC$282,2160.01%427,600CALLSOLE
G16252101BIPBROOKFIELD INFRAST PARTNERS$254,2580.01%8,535CommonSOLE
443628102HBMHUDBAY MINERALS INC$250,3410.01%32,983CommonSOLE
12532H104GIBCGI INC$223,9190.01%2,243CommonSOLE
784730103SSRMSSR MINING IN$207,6210.01%20,700PUTSOLE
82835P103SVMSILVERCORP METALS INC$206,2710.01%53,300PUTSOLE
138035704CGCCANOPY GROWTH CORP$182,5370.01%200,590CALLSOLE
89346D107TACTRANSALTA CORP$179,3330.01%19,180CommonSOLE
53681J103LACLITHIUM AMERS CORP NEW$175,3370.01%64,700PUTSOLE
138035704CGCCANOPY GROWTH CORP$171,3890.01%188,340PUTSOLE
80013R206AYS1SANDSTORM GOLD LTD$157,7950.00%20,900CALLSOLE
8676EP108STKLSUNOPTA INC$151,2530.00%31,122CommonSOLE
811916105SASEABRIDGE GOLD INC$148,4070.00%12,717CommonSOLE
015658107ASTLALGOMA STL GROUP INC$143,6300.00%26,500CALLSOLE
152006102CGAUCENTERRA GOLD INC$141,6050.00%22,300CALLSOLE
674482203OBEOBSIDIAN ENERGY LTD$137,7100.00%23,500PUTSOLE
80013R206AYS1SANDSTORM GOLD LTD$134,3900.00%17,800PUTSOLE
53681J103LACLITHIUM AMERS CORP NEW$127,4270.00%47,021CommonSOLE
784730103SSRMSSR MINING IN$116,1370.00%11,579CommonSOLE
135086106GOOSCANADA GOOSE HLDGS INC$116,0700.00%14,600PUTSOLE
29258Y103EXKENDEAVOUR SILVER CORP$114,7220.00%26,867CommonSOLE
53681J103LACLITHIUM AMERS CORP NEW$108,1290.00%39,900CALLSOLE
674482203OBEOBSIDIAN ENERGY LTD$101,9640.00%17,400CALLSOLE
68634K106ORLAORLA MNG LTD NEW$99,1100.00%10,600CALLSOLE
22717L101CRONCRONOS GROUP INC$94,4240.00%52,168CommonSOLE
292671708UUUUENERGY FUELS INC$92,1310.00%24,700CALLSOLE
152006102CGAUCENTERRA GOLD INC$89,5350.00%14,100PUTSOLE
058586108BLDPBALLARD PWR SYS INC NEW$83,0500.00%75,500CALLSOLE
88688T100TLRYEURTILRAY BRANDS INC$79,0680.00%119,800PUTSOLE
05156X850ACBAURORA CANNABIS INC$77,7030.00%17,700PUTSOLE
138035704CGCCANOPY GROWTH CORP$69,1110.00%75,946CommonSOLE
8676EP108STKLSUNOPTA INC$61,2360.00%12,600CALLSOLE
058586108BLDPBALLARD PWR SYS INC NEW$53,0200.00%48,200PUTSOLE
058586108BLDPBALLARD PWR SYS INC NEW$25,5110.00%23,192CommonSOLE
22717L101CRONCRONOS GROUP INC$24,0730.00%13,300CALLSOLE
88688T100TLRYEURTILRAY BRANDS INC$12,4730.00%18,971CommonSOLE
92707Y108VFFVILLAGE FARMS INTL INC$9,7930.00%16,189CommonSOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.