When determining whether a particular Canadian listed stock is suitable for my portfolio, I conduct due diligence by researching recent insider trading activity. In this article, I’ll demonstrate how to track changes in Canadian insider ownership by using a 7-step process on SEDI.ca (System for Electronic Disclosure by Insiders).
Step 1: Go to www.sedi.ca and select “English” to enter the website.
Step 2: Select “Access public filings” in the top right corner.
Step 3: Select “View summary reports” from the menu on the left.
Step 4: Select “Insider information by issuer” from the available “Report titles” and click on the “Next” button.
Step 5: Enter your search criteria and click on the “Search” button.
Step 6: Select the required issuer by clicking on the (blue) “View” link.
Step 7: Finally, you can view the “Insider information by Issuer” of the company of your choice.
While SEDI offers other possibilities at different steps in the widget, I mainly use the selections described to gain insight into the insider stock trading of a specific Canadian stock.
Cautionary Note: Although I recognize the importance of insider trading information, I am cautious when drawing conclusions about insider trading that occurs in (late) December due to the January Effect.
