Vault-13

EMERA INC EMA

COM · Common Stock · CUSIP 290876101

Publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia

134 institutional holders +129 vs Q1 2025
166,599,993166.6m shares reported held*
$7.8bnreported value*
129 new 0 added 2 reduced 1 sold out net bought ≈ $7.9bn (+172.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($298.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.54. Options: 5 managers hold calls ($58.7m notional), 5 hold puts ($27.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 2Q4 22: 2Q1 23: 2Q2 23: 2Q3 23: 2Q4 23: 2Q1 24: 3Q2 24: 5Q3 24: 3Q4 24: 3Q1 25: 5Q2 25: 134134Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20222
Q4 20222
Q1 20232
Q2 20232
Q3 20232
Q4 20232
Q1 20243
Q2 20245
Q3 20243
Q4 20243
Q1 20255
Q2 2025134

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 1 bought or addedQ3 23: 0 cut or sold outQ4 23: 1 bought or addedQ4 23: 0 cut or sold outQ4 23Q1 24: 1 bought or addedQ1 24: 1 cut or sold outQ2 24: 2 bought or addedQ2 24: 1 cut or sold outQ2 24Q3 24: 0 bought or addedQ3 24: 4 cut or sold outQ4 24: 0 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 2 bought or addedQ1 25: 1 cut or sold outQ2 25: 129 bought or addedQ2 25: 3 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202310
Q4 202310
Q1 202411
Q2 202421
Q3 202404
Q4 202401
Q1 202521
Q2 20251293

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $58.7mQ2 25 puts: $27.5mQ2 25P/C 0.47
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$58.7m$27.5m0.47

Biggest buyers

ROYAL BANK OF CANADA New +41,970,990+42.0m
BANK OF MONTREAL /CAN/ New +16,537,422+16.5m
FIL Ltd New +12,940,736+12.9m
VANGUARD GROUP INC New +12,639,951+12.6m
CIBC WORLD MARKET INC. New +10,845,968+10.8m
TD Asset Management Inc New +7,757,918+7.8m
ClearBridge Investments Ltd New +6,872,575+6.9m
GOLDMAN SACHS GROUP INC New +5,401,728+5.4m
MACKENZIE FINANCIAL CORP New +5,154,300+5.2m
BANK OF NOVA SCOTIA New +4,568,030+4.6m

Biggest sellers

Cardinal Capital Management, Inc. Sold out -223,575-223.6k
Coston, McIsaac & Partners Reduced -500-500
Sky Investment Group LLC Reduced -445-445

Biggest calls

TORONTO DOMINION BANK New $35.8m781.7k shares
SIG North Trading, ULC New $14.1m308.2k shares
NATIONAL BANK OF CANADA /FI/ New $5.3m1.2k shares
D. E. Shaw & Co., Inc. New $3.4m75.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 shares

Biggest puts

SIG North Trading, ULC New $17.4m380.1k shares
D. E. Shaw & Co., Inc. New $6.9m150.0k shares
TORONTO DOMINION BANK New $2.7m59.4k shares
NATIONAL BANK OF CANADA /FI/ New $499.1k109 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-10-27 8.0% +1.1 pts 24.5m≈ $1.3bn 2026-10-27
BANK OF MONTREAL /CAN/ 13G · institution new · filed 2025-08-06 5.3% new 15.8m≈ $837.0m 2025-08-06

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.19% of their portfolio TORONTO, A6 41,970,99042.0m $1.9bn $1.9bn 0.19% New
2 BANK OF MONTREAL /CAN/ 0.38% of their portfolio TORONTO, A6 16,537,42216.5m $758.0m $758.0m 0.38% New
3 FIL Ltd 0.51% of their portfolio HAMILTON, D0 12,940,73612.9m $592.8m $592.8m 0.51% New
4 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 12,639,95112.6m $579.0m $579.0m 0.01% New
5 CIBC WORLD MARKET INC. 1.10% of their portfolio TORONTO, A6 10,845,96810.8m $497.2m $497.2m 1.10% New
6 TD Asset Management Inc 0.30% of their portfolio Toronto, A6 7,757,9187.8m $354.7m $354.7m 0.30% New
7 ClearBridge Investments Ltd 9.29% of their portfolio SYDNEY, C3 6,872,5756.9m $423.9m $423.9m 9.29% New
8 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 5,401,7285.4m $247.5m $247.5m 0.04% New
9 MACKENZIE FINANCIAL CORP 0.31% of their portfolio TORONTO ONTARIO, A6 5,154,3005.2m $236.3m $236.3m 0.31% New
10 BANK OF NOVA SCOTIA 0.43% of their portfolio TORONTO, A6 4,568,0304.6m $209.2m $209.2m 0.43% New
11 SCOTIA CAPITAL INC. 0.97% of their portfolio TORONTO, A6 4,513,4084.5m $206.2m $206.2m 0.97% New
12 NATIONAL BANK OF CANADA /FI/ 0.20% of their portfolio MONTREAL, A8 3,995,6594.0m $182.8m $182.8m 0.20% New
13 Legal & General Group Plc 0.04% of their portfolio London, X0 3,594,8153.6m $164.4m $164.4m 0.04% New
14 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 3,219,4483.2m $152.1m $152.1m 0.01% New
15 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio BOSTON, MA 2,909,2322.9m $133.4m $133.4m 0.09% New
16 TORONTO DOMINION BANK 0.25% of their portfolio TORONTO, ONTARIO, A6 2,500,2272.5m $114.6m $114.6m 0.25% New
17 CIBC Asset Management Inc 0.28% of their portfolio TORONTO, Z4 1,968,6522.0m $90.2m $90.2m 0.28% New
18 TD Waterhouse Canada Inc. 0.64% of their portfolio TORONTO, A6 1,937,1531.9m $88.9m $88.9m 0.64% New
19 CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio TORONTO ONTARIO, A6 1,800,7201.8m $82.5m $82.5m 0.07% New
20 INTACT INVESTMENT MANAGEMENT INC. 2.61% of their portfolio MONTREAL, A8 1,687,3301.7m $77.1m $77.1m 2.61% New
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,271,9071.3m $58.3m $58.3m 0.00% New
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,263,2101.3m $57.9m $57.9m 0.00% New
23 QV Investors Inc. 4.30% of their portfolio CALGARY, A0 959,314959.3k $43.9m $43.9m 4.30% New
24 Hillsdale Investment Management Inc. 1.60% of their portfolio Toronto, A6 946,507946.5k $43.4m $43.4m 1.60% New
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 930,710930.7k $42.6m $42.6m 0.00% New
26 Connor, Clark & Lunn Investment Management Ltd. 0.15% of their portfolio VANCOUVER, A1 930,440930.4k $42.6m $42.6m 0.15% New
27 Swiss National Bank 0.02% of their portfolio ZURICH, V8 904,800904.8k $41.3m $41.3m 0.02% New
28 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 877,444877.4k $40.2m $40.2m 0.03% New
29 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 815,006815.0k $37.3m $37.3m 0.01% New
30 Federation des caisses Desjardins du Quebec 0.16% of their portfolio LEVIS, A8 775,953776.0k $35.4m $35.4m 0.16% New
31 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 729,444729.4k $33.4m $33.4m 0.01% New
32 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 702,831702.8k $32.2m $32.2m 0.01% New
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 689,590689.6k $31.4m $31.4m 0.03% New
34 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 506,142506.1k $23.2m $23.2m 0.01% New
35 MUFG SECURITIES (CANADA), LTD. 0.70% of their portfolio NEW YORK, NY 504,753504.8k $23.1m $23.1m 0.70% New
36 Addenda Capital Inc. 1.07% of their portfolio MONTREAL, A8 477,208477.2k $29.8m $29.8m 1.07% New
37 Northwest & Ethical Investments L.P. 0.49% of their portfolio TORONTO, A6 434,445434.4k $19.9m $19.9m 0.49% New
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 406,637406.6k $18.6m $18.6m 0.00% New
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 355,304355.3k $16.3m $16.3m 0.00% New
40 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 301,119301.1k $13.8m $13.8m 0.01% New
41 Beutel, Goodman & Co Ltd. 0.08% of their portfolio TORONTO, A6 299,288299.3k $13.7m $13.7m 0.08% New
42 Aviso Financial Inc. 0.53% of their portfolio TORONTO, A6 257,554257.6k $11.8m $11.8m 0.53% New
43 Harvest Portfolios Group Inc. 0.27% of their portfolio Oakville, A6 253,688253.7k $11.6m $11.6m 0.27% New
44 GABELLI FUNDS LLC 0.08% of their portfolio Rye, NY 249,700249.7k $11.4m $11.4m 0.08% New
45 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 207,765207.8k $9.5m $9.5m 0.00% New
46 APG Asset Management N.V. 0.02% of their portfolio Amsterdam, P7 180,548180.5k $7.0m $7.0m 0.02% New
47 Guardian Partners Inc. 0.73% of their portfolio TORONTO, Z4 178,034178.0k $8.1m $8.1m 0.73% New
48 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 172,006172.0k $10.7m $10.7m 0.01% New
49 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.10% of their portfolio AMSTERDAM, P7 171,336171.3k $10.7m $10.7m 0.10% New
50 State of Tennessee, Department of Treasury 0.03% of their portfolio NASHVILLE, TN 169,499169.5k $7.7m $7.7m 0.03% New
51 Alberta Investment Management Corp 0.06% of their portfolio EDMONTON, A0 169,200169.2k $7.8m $7.8m 0.06% New
52 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.04% of their portfolio VICTORIA, A1 161,313161.3k $7.4m $7.4m 0.04% New
53 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 161,111161.1k $7.4m $7.4m 0.00% New
54 Korea Investment CORP 0.02% of their portfolio SEOUL, M5 152,570152.6k $7.0m $7.0m 0.02% New
55 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 152,510152.5k $7.0m $7.0m 0.00% New
56 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 133,644133.6k $6.1m $6.1m 0.00% New
57 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 127,077127.1k $5.8m $5.8m 0.01% New
58 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 125,647125.6k $5.7m $5.7m 0.00% New
59 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 119,914119.9k $5.5m $5.5m 0.01% New
60 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 116,857116.9k $5.3m $5.3m 0.00% New
61 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 101,769101.8k $4.7m $4.7m 0.01% New
62 ONTARIO TEACHERS PENSION PLAN BOARD 0.09% of their portfolio Toronto, A6 98,05798.1k $4.5m $4.5m 0.09% New
63 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 90,06090.1k $4.1m $4.1m 0.01% New
64 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 88,82488.8k $4.1m $4.1m 0.00% New
65 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 84,95785.0k $3.9m $3.9m 0.00% New
66 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 81,42781.4k $3.7m $3.7m 0.01% New
67 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 77,20577.2k $3.5m $3.5m 0.01% New
68 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 76,25376.3k $3.5m $3.5m 0.00% New
69 Heronetta Management, L.P. 2.31% of their portfolio NEW YORK, NY 66,50066.5k $4.1m $4.1m 2.31% New
70 BANK OF NOVA SCOTIA TRUST CO 0.30% of their portfolio TORONTO, A6 66,21866.2k $3.0m $3.0m 0.30% New
71 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 58,70058.7k $2.7m $2.7m 0.01% New
72 Tacita Capital Inc 1.68% of their portfolio TORONTO, A6 57,08657.1k $2.6m $2.6m 1.68% New
73 Sky Investment Group LLC 0.44% of their portfolio HARTFORD, CT 54,48054.5k $2.5m $2.5m 0.44% Reduced -445 -445
74 Jain Global LLC 0.04% of their portfolio NEW YORK, NY 49,50049.5k $2.3m $2.3m 0.04% New
75 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 45,97746.0k $2.1m $2.1m 0.01% New
76 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 45,35545.4k $2.1m $2.1m 0.00% New
77 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 43,22443.2k $2.0m $2.0m 0.01% New
78 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 40,32340.3k $1.8m $1.8m 0.00% New
79 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 39,67539.7k $1.8m $1.8m 0.00% New
80 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 37,11837.1k $1.7m $1.7m 0.00% New
81 PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio Toronto, A6 37,04837.0k $1.7m $1.7m 0.02% New
82 SUSQUEHANNA ADVISORS GROUP, INC. 0.06% of their portfolio BALA CYNWYD, PA 35,64735.6k $1.6m $1.6m 0.06% New
83 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 33,62233.6k $1.5m $1.5m 0.00% New
84 Utah Retirement Systems 0.02% of their portfolio SALT LAKE CITY, UT 32,80032.8k $1.5m $1.5m 0.02% New
85 USS Investment Management Ltd 0.01% of their portfolio London, X0 30,92830.9k $1.4m $1.4m 0.01% New
86 Versor Investments LP 0.23% of their portfolio New York, NY 28,93628.9k $1.3m $1.3m 0.23% New
87 Public Sector Pension Investment Board 0.01% of their portfolio MONTREAL, A8 28,60328.6k $1.3m $1.3m 0.01% New
88 FMR LLC 0.00% of their portfolio BOSTON, MA 25,93525.9k $1.2m $1.2m 0.00% New
89 A. D. Beadell Investment Counsel, Inc. 0.84% of their portfolio MEQUON, WI 24,05524.1k $1.1m $1.1m 0.84% New
90 INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio WEST PALM BEACH, FL 23,76623.8k $1.1m $1.1m 0.01% New
91 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 22,85422.9k $1.0m $1.0m 0.00% New
92 CIDEL ASSET MANAGEMENT INC 0.06% of their portfolio TORONTO, A6 22,84522.8k $1.0m $1.0m 0.06% New
93 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 22,84422.8k $1.0m $1.0m 0.00% New
94 BFSG, LLC 0.11% of their portfolio IRVINE, CA 21,13221.1k $968.3k $968.3k 0.11% New
95 DRW Securities, LLC 0.09% of their portfolio CHICAGO, IL 20,00020.0k $1.2m $1.2m 0.09% New
96 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 19,45819.5k $891.6k $891.6k 0.00% New
97 Swiss Life Asset Management Ltd 0.00% of their portfolio Zurich, V8 18,41518.4k $843.8k $843.8k 0.00% New
98 Westerkirk Capital Inc. 0.09% of their portfolio VICTORIA, A1 16,40016.4k $751.4k $751.4k 0.09% First filing
99 JOHN G ULLMAN & ASSOCIATES INC 0.11% of their portfolio CORNING, NY 15,80015.8k $723.4k $723.4k 0.11% Unchanged
100 NATIXIS 0.00% of their portfolio PARIS, I0 14,89414.9k $682.4k $682.4k 0.00% New