Vault-13

EMERA INC EMA

COM · Common Stock · CUSIP 290876101

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

207 institutional holders +31 vs Q4 2025
153,044,254153.0m shares reported held*
$8.0bnreported value*
42 new 74 added 51 reduced 15 sold out net bought ≈ $205.8m (+3.9m 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 ($314.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.21. Options: 6 managers hold calls ($81.0m notional), 5 hold puts ($46.2m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 2Q4 22: 2Q1 23: 2Q2 23: 2Q3 23: 2Q4 23: 2Q1 24: 3Q2 24: 5Q3 24: 3Q4 24: 3Q1 25: 5Q2 25: 134Q3 25: 166Q4 25: 176Q1 26: 207207Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025166
Q4 2025176
Q1 2026207

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 2 bought or addedQ2 24: 1 cut or sold outQ3 24: 0 bought or addedQ3 24: 4 cut or sold outQ3 24Q4 24: 0 bought or addedQ4 24: 1 cut or sold outQ1 25: 2 bought or addedQ1 25: 1 cut or sold outQ1 25Q2 25: 129 bought or addedQ2 25: 3 cut or sold outQ3 25: 100 bought or addedQ3 25: 46 cut or sold outQ3 25Q4 25: 87 bought or addedQ4 25: 76 cut or sold outQ1 26: 116 bought or addedQ1 26: 66 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202421
Q3 202404
Q4 202401
Q1 202521
Q2 20251293
Q3 202510046
Q4 20258776
Q1 202611666

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ2 25 calls: $58.7mQ2 25 puts: $27.5mQ2 25P/C 0.47Q3 25 calls: $76.3mQ3 25 puts: $60.1mQ3 25P/C 0.79Q4 25 calls: $82.9mQ4 25 puts: $47.5mQ4 25P/C 0.57Q1 26 calls: $81.0mQ1 26 puts: $46.2mQ1 26P/C 0.57
Numbers
QuarterCallsPutsP/C
Q2 2025$58.7m$27.5m0.47
Q3 2025$76.3m$60.1m0.79
Q4 2025$82.9m$47.5m0.57
Q1 2026$81.0m$46.2m0.57

Biggest buyers

ATLAS Infrastructure Partners (UK) Ltd. Added +3,092,278+3.1m
TD Waterhouse Canada Inc. Added +2,574,963+2.6m
DUFF & PHELPS INVESTMENT MANAGEMENT CO New +1,349,450+1.3m
Point72 Asset Management, L.P. New +1,026,305+1.0m
INTACT INVESTMENT MANAGEMENT INC. Added +918,620+918.6k
CIBC WORLD MARKET INC. Added +566,149+566.1k
TORONTO DOMINION BANK Added +513,389+513.4k
BlackRock, Inc. Added +357,413+357.4k
Invesco Ltd. Added +334,830+334.8k
NATIONAL BANK OF CANADA /FI/ Added +300,233+300.2k

Biggest sellers

Clearbridge Investments, LLC Sold out -3,788,810-3.8m
ROYAL BANK OF CANADA Reduced -2,176,765-2.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -905,210-905.2k
CANADA PENSION PLAN INVESTMENT BOARD Reduced -387,337-387.3k
MACKENZIE FINANCIAL CORP Reduced -276,876-276.9k
ALLIANCEBERNSTEIN L.P. Reduced -187,002-187.0k
Alberta Investment Management Corp Reduced -160,873-160.9k
Connor, Clark & Lunn Investment Management Ltd. Reduced -146,300-146.3k
CITIGROUP INC Reduced -130,016-130.0k
NORTHERN TRUST CORP Sold out -118,320-118.3k

Biggest calls

TORONTO DOMINION BANK Reduced $37.0m714.5k shares
SIG North Trading, ULC Reduced $17.7m340.8k shares
NATIONAL BANK OF CANADA /FI/ Reduced $17.2m3.3k shares
BANK OF MONTREAL /CAN/ New $5.2m100.0k shares
D. E. Shaw & Co., Inc. Unchanged $3.9m75.0k shares
SIMPLEX TRADING, LLC Reduced $5.2k100 shares

Biggest puts

ROYAL BANK OF CANADA Unchanged $22.6m436.0k shares
D. E. Shaw & Co., Inc. Reduced $20.7m400.0k shares
SIG North Trading, ULC Reduced $1.4m27.5k shares
NATIONAL BANK OF CANADA /FI/ Added $870.5k168 shares
TORONTO DOMINION BANK Added $523.6k10.1k 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 Q1 2026

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 Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF MONTREAL /CAN/ 0.38% of their portfolio TORONTO, A6 17,854,80417.9m $925.7m $925.7m 0.38% Reduced -100.3k -100,319
2 ROYAL BANK OF CANADA 0.17% of their portfolio TORONTO, A6 17,598,88617.6m $912.9m $912.9m 0.17% Reduced -2.2m -2,176,765
3 FIL Ltd 0.52% of their portfolio HAMILTON, D0 12,811,94412.8m $664.1m $664.1m 0.52% Reduced -27.1k -27,103
4 CIBC WORLD MARKET INC. 1.13% of their portfolio TORONTO, A6 12,377,60112.4m $641.5m $641.5m 1.13% Added +566.1k +566,149
5 ATLAS Infrastructure Partners (UK) Ltd. 16.38% of their portfolio LONDON, X0 8,967,4309.0m $465.1m $465.1m 16.38% Added +3.1m +3,092,278
6 VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio MALVERN, PA 8,540,8318.5m $442.7m $442.7m 0.01% First filing
7 TD Asset Management Inc 0.32% of their portfolio Toronto, A6 7,621,4667.6m $393.8m $393.8m 0.32% Reduced -78.7k -78,717
8 SCOTIA CAPITAL INC. 0.99% of their portfolio TORONTO, A6 4,670,0784.7m $240.5m $240.5m 0.99% Added +36.1k +36,081
9 TD Waterhouse Canada Inc. 0.70% of their portfolio TORONTO, A6 4,575,9654.6m $235.3m $235.3m 0.70% Added +2.6m +2,574,963
10 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 4,349,4264.3m $242.9m $242.9m 0.02% Added +197.2k +197,168
11 MACKENZIE FINANCIAL CORP 0.25% of their portfolio TORONTO ONTARIO, A6 4,084,5244.1m $211.7m $211.7m 0.25% Reduced -276.9k -276,876
12 Legal & General Group Plc 0.04% of their portfolio London, X0 3,718,5553.7m $192.1m $192.1m 0.04% Reduced -112.3k -112,301
13 NATIONAL BANK OF CANADA /FI/ 0.19% of their portfolio MONTREAL, A8 3,650,8823.7m $188.5m $188.5m 0.19% Added +300.2k +300,233
14 BANK OF NOVA SCOTIA 0.30% of their portfolio TORONTO, A6 3,349,6403.3m $173.6m $173.6m 0.30% Reduced -54.2k -54,216
15 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 3,299,2463.3m $171.1m $171.1m 0.02% Reduced -76.8k -76,821
16 TORONTO DOMINION BANK 0.27% of their portfolio TORONTO, ONTARIO, A6 2,701,5152.7m $140.1m $140.1m 0.27% Added +513.4k +513,389
17 VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio MALVERN, PA 2,650,9532.7m $137.4m $137.4m 0.03% First filing
18 CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio TORONTO ONTARIO, A6 2,483,0202.5m $128.7m $128.7m 0.08% Reduced -387.3k -387,337
19 Vanguard Global Advisers, LLC 0.06% of their portfolio MALVERN, PA 2,122,3842.1m $110.0m $110.0m 0.06% First filing
20 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,904,3291.9m $98.8m $98.8m 0.01% Added +75.3k +75,284
21 INTACT INVESTMENT MANAGEMENT INC. 2.65% of their portfolio MONTREAL, A8 1,794,5251.8m $93.0m $93.0m 2.65% Added +918.6k +918,620
22 Connor, Clark & Lunn Investment Management Ltd. 0.17% of their portfolio VANCOUVER, A1 1,443,9851.4m $74.9m $74.9m 0.17% Reduced -146.3k -146,300
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,417,4271.4m $73.5m $73.5m 0.00% Added +273.6k +273,575
24 DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.01% of their portfolio CHICAGO, IL 1,349,4501.3m $97.3m $97.3m 1.01% New
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,309,7551.3m $67.9m $67.9m 0.00% Added +32.1k +32,053
26 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,176,6251.2m $61.0m $61.0m 0.01% Added +334.8k +334,830
27 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 1,161,6671.2m $60.2m $60.2m 0.05% Added +38.6k +38,611
28 Federation des caisses Desjardins du Quebec 0.19% of their portfolio LEVIS, A8 1,029,7861.0m $52.9m $52.9m 0.19% Reduced -14.4k -14,374
29 Point72 Asset Management, L.P. 0.09% of their portfolio STAMFORD, CT 1,026,3051.0m $53.1m $53.1m 0.09% New
30 Swiss National Bank 0.03% of their portfolio ZURICH, V8 1,015,6001.0m $52.6m $52.6m 0.03% Added +222.3k +222,300
31 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 923,892923.9k $47.7m $47.7m 0.01% Added +47.0k +47,015
32 CIBC Asset Management Inc 0.10% of their portfolio TORONTO, Z4 820,275820.3k $42.4m $42.4m 0.10% Reduced -7.6k -7,613
33 QV Investors Inc. 3.27% of their portfolio CALGARY, A0 782,886782.9k $40.5m $40.5m 3.27% Reduced -16.5k -16,495
34 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 707,673707.7k $36.7m $36.7m 0.03% Reduced -70.4k -70,398
35 Hillsdale Investment Management Inc. 0.90% of their portfolio Toronto, A6 640,280640.3k $33.2m $33.2m 0.90% Reduced -20.9k -20,880
36 Woodbridge Co Ltd 0.12% of their portfolio Toronto, A6 631,641631.6k $32.8m $32.8m 0.12% Unchanged
37 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 592,785592.8k $30.7m $30.7m 0.01% Added +17.8k +17,752
38 VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio London, EC4N 8AF, X0 555,144555.1k $28.8m $28.8m 0.02% First filing
39 MUFG SECURITIES (CANADA), LTD. 0.67% of their portfolio NEW YORK, NY 447,593447.6k $23.2m $23.2m 0.67% Reduced -10.1k -10,099
40 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 429,893429.9k $31.0m $31.0m 0.01% Reduced -60.8k -60,770
41 Addenda Capital Inc. 0.86% of their portfolio MONTREAL, A8 421,545421.5k $30.4m $30.4m 0.86% Reduced -40.4k -40,410
42 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 371,641371.6k $19.3m $19.3m 0.01% Added +45.5k +45,455
43 BlackRock, Inc. 0.00% of their portfolio New York, NY 362,853362.9k $18.8m $18.8m 0.00% Added +357.4k +357,413
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 350,889350.9k $18.2m $18.2m 0.00% Added +193.7k +193,738
45 Northwest & Ethical Investments L.P. 0.41% of their portfolio TORONTO, A6 346,135346.1k $17.9m $17.9m 0.41% Reduced -8.8k -8,820
46 Harvest Portfolios Group Inc. 0.28% of their portfolio Oakville, A6 330,841330.8k $17.1m $17.1m 0.28% Added +55.0k +54,982
47 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 327,561327.6k $17.0m $17.0m 0.01% Added +78.0k +78,040
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 316,172316.2k $16.4m $16.4m 0.00% Reduced -4.7k -4,690
49 Purpose Unlimited Inc. 0.64% of their portfolio TORONTO, A6 298,031298.0k $15.4m $15.4m 0.64% Added +33.6k +33,557
50 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 296,865296.9k $15.4m $15.4m 0.05% Reduced -46.2k -46,212
51 Vanguard Investments Australia, Ltd. 0.04% of their portfolio Victoria, C3 294,813294.8k $15.3m $15.3m 0.04% First filing
52 Beutel, Goodman & Co Ltd. 0.10% of their portfolio TORONTO, A6 275,963276.0k $14.3m $14.3m 0.10% Reduced -12.4k -12,450
53 Aviso Financial Inc. 0.50% of their portfolio TORONTO, A6 272,520272.5k $14.1m $14.1m 0.50% Added +4.7k +4,725
54 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.08% of their portfolio VICTORIA, A1 255,860255.9k $13.3m $13.3m 0.08% Added +98.4k +98,428
55 Amundi 0.00% of their portfolio Paris, I0 253,004253.0k $13.1m $13.1m 0.00% Added +32.3k +32,267
56 GABELLI FUNDS LLC 0.09% of their portfolio Rye, NY 249,000249.0k $12.9m $12.9m 0.09% Unchanged
57 AGF MANAGEMENT LTD 0.06% of their portfolio TORONTO, A6 241,071241.1k $12.7m $12.7m 0.06% Added +42.8k +42,847
58 Cardinal Capital Management, Inc. 0.31% of their portfolio WINNIPEG, A2 221,785221.8k $11.5m $11.5m 0.31% Added +4.0k +3,960
59 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 211,756211.8k $10.9m $10.9m 0.00% Added +2.4k +2,375
60 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 206,313206.3k $10.7m $10.7m 0.02% Reduced -27.4k -27,392
61 Guardian Partners Inc. 0.81% of their portfolio TORONTO, Z4 186,438186.4k $9.7m $9.7m 0.81% Reduced -1.1k -1,084
62 Quantinno Capital Management LP 0.02% of their portfolio NEW YORK, NY 182,311182.3k $9.4m $9.4m 0.02% Added +68.8k +68,791
63 State of Tennessee, Department of Treasury 0.03% of their portfolio NASHVILLE, TN 174,324174.3k $9.0m $9.0m 0.03% Unchanged
64 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 171,732171.7k $8.9m $8.9m 0.00% Added +35.2k +35,244
65 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 169,146169.1k $8.8m $8.8m 0.01% Added +95.5k +95,491
66 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.10% of their portfolio AMSTERDAM, P7 162,903162.9k $11.7m $11.7m 0.10% Reduced -3.5k -3,494
67 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 161,037161.0k $8.3m $8.3m 0.01% Added +29.2k +29,185
68 Zimmer Partners, LP 0.19% of their portfolio NEW YORK, NY 150,436150.4k $7.8m $7.8m 0.19% New
69 APG Asset Management N.V. 0.02% of their portfolio Amsterdam, P7 147,922147.9k $6.6m $6.6m 0.02% Reduced -3.1k -3,097
70 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 142,450142.4k $7.4m $7.4m 0.01% Reduced -7.9k -7,856
71 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 131,784131.8k $6.8m $6.8m 0.00% Reduced -110.9k -110,925
72 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 126,208126.2k $6.5m $6.5m 0.01% Reduced -24.6k -24,586
73 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 125,605125.6k $6.5m $6.5m 0.01% Added +33.1k +33,110
74 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 122,383122.4k $6.3m $6.3m 0.00% Added +6.7k +6,670
75 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 117,800117.8k $6.1m $6.1m 0.01% Added +400 +400
76 Lombard Odier Asset Management (Switzerland) SA 0.22% of their portfolio PETIT-LANCY, V8 113,000113.0k $5.9m $5.9m 0.22% Added +20.2k +20,200
77 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 106,174106.2k $5.5m $5.5m 0.01% Added +41.1k +41,059
78 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 105,455105.5k $5.4m $5.4m 0.01% Added +14.9k +14,870
79 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 104,323104.3k $5.4m $5.4m 0.00% Reduced -50.7k -50,681
80 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 95,01495.0k $4.9m $4.9m 0.01% Reduced -27.4k -27,393
81 Alberta Investment Management Corp 0.03% of their portfolio EDMONTON, A0 80,92780.9k $4.2m $4.2m 0.03% Reduced -160.9k -160,873
82 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 80,28780.3k $4.1m $4.1m 0.01% Added +1.4k +1,440
83 BANK OF NOVA SCOTIA TRUST CO 0.31% of their portfolio TORONTO, A6 69,15369.2k $3.6m $3.6m 0.31% Added +1.8k +1,780
84 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 68,79568.8k $3.6m $3.6m 0.01% New
85 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 66,11966.1k $3.4m $3.4m 0.00% Reduced -130.0k -130,016
86 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 65,47565.5k $3.4m $3.4m 0.00% Added +49.3k +49,264
87 1832 Asset Management L.P. 0.00% of their portfolio TORONTO, A6 64,84164.8k $3.4m $3.4m 0.00% Reduced -4.1k -4,076
88 Tacita Capital Inc 1.75% of their portfolio TORONTO, A6 57,08657.1k $2.9m $2.9m 1.75% Unchanged
89 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 56,12456.1k $2.9m $2.9m 0.03% New
90 Sky Investment Group LLC 0.48% of their portfolio HARTFORD, CT 54,37554.4k $2.8m $2.8m 0.48% Reduced -150 -150
91 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 48,52248.5k $2.5m $2.5m 0.00% New
92 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 47,15347.2k $2.4m $2.4m 0.00% Added +26.1k +26,145
93 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 46,68146.7k $2.4m $2.4m 0.00% Unchanged
94 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 46,19546.2k $2.4m $2.4m 0.00% Added +21.1k +21,087
95 Investment Management Corp of Ontario 0.03% of their portfolio Toronto, Z4 42,92642.9k $2.2m $2.2m 0.03% Added +6.1k +6,110
96 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 37,11837.1k $2.0m $2.0m 0.00% Unchanged
97 NATIXIS 0.01% of their portfolio PARIS, I0 35,01035.0k $1.8m $1.8m 0.01% Added +2.4k +2,392
98 Utah Retirement Systems 0.02% of their portfolio SALT LAKE CITY, UT 32,63632.6k $1.7m $1.7m 0.02% Reduced -805 -805
99 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 32,07132.1k $1.7m $1.7m 0.03% Added +21.3k +21,281
100 USS Investment Management Ltd 0.01% of their portfolio London, X0 30,92830.9k $1.6m $1.6m 0.01% Unchanged