Vault-13

PEMBINA PIPELINE CORP PBA

COM · Common Stock · CUSIP 706327103 · ISIN CA7063271034

Transportation, midstream and gas service provider

370 institutional holders -2 vs Q1 2023
306,074,800306.1m shares reported held*
$9.7bnreported value*
36 new 121 added 130 reduced 40 sold out net sold ≈ $50.1m (-1.4m 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 ($202.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.67. Options: 11 managers hold calls ($74.5m notional), 13 hold puts ($345.5m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 364Q4 22: 373Q1 23: 372Q2 23: 370370Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022364
Q4 2022373
Q1 2023372
Q2 2023370

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 160 bought or addedQ4 22: 143 cut or sold outQ4 22Q1 23: 155 bought or addedQ1 23: 156 cut or sold outQ1 23Q2 23: 157 bought or addedQ2 23: 170 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022160143
Q1 2023155156
Q2 2023157170

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 22 calls: $40.8mQ3 22 puts: $423.0mQ3 22P/C 10.37Q4 22 calls: $56.2mQ4 22 puts: $471.1mQ4 22P/C 8.38Q1 23 calls: $70.0mQ1 23 puts: $354.7mQ1 23P/C 5.07Q2 23 calls: $74.5mQ2 23 puts: $345.5mQ2 23P/C 4.63
Numbers
QuarterCallsPutsP/C
Q3 2022$40.8m$423.0m10.37
Q4 2022$56.2m$471.1m8.38
Q1 2023$70.0m$354.7m5.07
Q2 2023$74.5m$345.5m4.63

Biggest buyers

TORONTO DOMINION BANK Added +6,918,556+6.9m
ROYAL BANK OF CANADA Added +1,971,022+2.0m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +1,273,847+1.3m
CIBC WORLD MARKET INC. Added +757,386+757.4k
MILLENNIUM MANAGEMENT LLC New +731,167+731.2k
BANK OF AMERICA CORP /DE/ Added +686,724+686.7k
DIMENSIONAL FUND ADVISORS LP Added +650,315+650.3k
ClearBridge Investments Ltd Added +493,637+493.6k
VANGUARD GROUP INC Added +429,273+429.3k
CANADA PENSION PLAN INVESTMENT BOARD Added +426,500+426.5k

Biggest sellers

WELLINGTON MANAGEMENT GROUP LLP Reduced -4,200,952-4.2m
FIL Ltd Reduced -3,321,290-3.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -2,588,000-2.6m
DEUTSCHE BANK AG\ Reduced -2,115,593-2.1m
NATIONAL BANK OF CANADA /FI/ Reduced -1,407,599-1.4m
CIBC Asset Management Inc Reduced -727,135-727.1k
WESTWOOD HOLDINGS GROUP INC Reduced -618,206-618.2k
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -592,308-592.3k
TWO SIGMA INVESTMENTS, LP Reduced -582,300-582.3k
HITE Hedge Asset Management LLC Reduced -580,704-580.7k

Biggest calls

JANE STREET GROUP, LLC Added $25.6m813.7k shares
SIG North Trading, ULC Added $15.3m487.3k shares
D. E. Shaw & Co., Inc. Unchanged $13.5m430.0k shares
CIBC WORLD MARKET INC. Unchanged $7.9m250.0k shares
BANK OF MONTREAL /CAN/ New $4.4m140.0k shares
ROYAL BANK OF CANADA Reduced $3.9m124.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.2m70.5k shares
CITADEL ADVISORS LLC Reduced $1.2m36.7k shares
SIMPLEX TRADING, LLC Reduced $421.0k13.4k shares
GROUP ONE TRADING LLC Added $144.6k4.6k shares

Biggest puts

ROYAL BANK OF CANADA Added $173.5m5.5m shares
CIBC WORLD MARKET INC. Unchanged $57.5m1.8m shares
BANK OF MONTREAL /CAN/ Unchanged $48.9m1.6m shares
SIG North Trading, ULC Added $36.3m1.2m shares
MILLENNIUM MANAGEMENT LLC Reduced $17.7m425.0k shares
JANE STREET GROUP, LLC Unchanged $7.1m225.0k shares
D. E. Shaw & Co., Inc. Unchanged $2.5m80.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $565.9k18.0k shares
CITADEL ADVISORS LLC Reduced $534.5k17.0k shares
SIMPLEX TRADING, LLC Added $415.0k13.2k 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.

Insider purchases and sales in Q2 2023

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 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.39% of their portfolio TORONTO, A6 44,966,79445.0m $1.4bn $1.4bn 0.39% Added +2.0m +1,971,022
2 BANK OF MONTREAL /CAN/ 0.25% of their portfolio TORONTO, A6 21,686,87621.7m $684.4m $684.4m 0.25% Added +105.1k +105,059
3 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 20,871,27020.9m $656.2m $656.2m 0.02% Added +429.3k +429,273
4 BANK OF NOVA SCOTIA 1.17% of their portfolio TORONTO, A6 14,220,32214.2m $447.1m $447.1m 1.17% Added +41.0k +40,983
5 TORONTO DOMINION BANK 0.35% of their portfolio TORONTO, ONTARIO, A6 14,213,09414.2m $473.4m $473.4m 0.35% Added +6.9m +6,918,556
6 DEUTSCHE BANK AG\ 0.22% of their portfolio FRANKFURT AM MAIN, 2M 13,259,65313.3m $416.9m $416.9m 0.22% Reduced -2.1m -2,115,593
7 MACKENZIE FINANCIAL CORP 0.55% of their portfolio TORONTO ONTARIO, A6 11,436,42711.4m $359.5m $359.5m 0.55% Added +160.8k +160,750
8 CIBC WORLD MARKET INC. 1.19% of their portfolio TORONTO, A6 10,979,38411.0m $345.5m $345.5m 1.19% Added +757.4k +757,386
9 FIL Ltd 0.38% of their portfolio HAMILTON, D0 10,616,79510.6m $333.8m $333.8m 0.38% Reduced -3.3m -3,321,290
10 Blackstone Inc. 1.44% of their portfolio NEW YORK, NY 10,488,16210.5m $329.7m $329.7m 1.44% Added +27.2k +27,179
11 ClearBridge Investments Ltd 6.03% of their portfolio SYDNEY, C3 6,795,8166.8m $213.7m $213.7m 6.03% Added +493.6k +493,637
12 CIBC Asset Management Inc 0.82% of their portfolio TORONTO, Z4 6,657,2996.7m $209.5m $209.5m 0.82% Reduced -727.1k -727,135
13 NATIONAL BANK OF CANADA /FI/ 0.40% of their portfolio MONTREAL, A8 6,337,4146.3m $199.2m $199.2m 0.40% Reduced -1.4m -1,407,599
14 Connor, Clark & Lunn Investment Management Ltd. 0.88% of their portfolio VANCOUVER, A1 5,576,5335.6m $175.3m $175.3m 0.88% Added +287.7k +287,669
15 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 5,120,9695.1m $161.0m $161.0m 0.04% Reduced -269.0k -269,044
16 SCOTIA CAPITAL INC. 1.06% of their portfolio TORONTO, A6 4,899,9334.9m $153.9m $153.9m 1.06% Added +5.4k +5,375
17 TD Asset Management Inc 0.17% of their portfolio Toronto, A6 4,727,9124.7m $148.8m $148.8m 0.17% Reduced -21.7k -21,710
18 Legal & General Group Plc 0.05% of their portfolio London, X0 4,700,1064.7m $147.9m $147.9m 0.05% Added +235.4k +235,375
19 TORTOISE CAPITAL ADVISORS, L.L.C. 2.21% of their portfolio OVERLAND PARK, KS 4,605,7214.6m $144.8m $144.8m 2.21% Reduced -101.6k -101,587
20 NORGES BANK 0.03% of their portfolio OSLO, Q8 4,194,9424.2m $131.9m $131.9m 0.03% Added +205.5k +205,537
21 CANADA PENSION PLAN INVESTMENT BOARD 0.20% of their portfolio TORONTO ONTARIO, A6 4,104,8554.1m $129.2m $129.2m 0.20% Added +426.5k +426,500
22 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,625,6073.6m $114.0m $114.0m 0.01% Added +220.5k +220,478
23 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 1.01% of their portfolio VICTORIA, A1 3,441,1393.4m $108.2m $108.2m 1.01% Added +1.3m +1,273,847
24 KAYNE ANDERSON CAPITAL ADVISORS LP 2.52% of their portfolio LOS ANGELES, CA 2,656,2912.7m $83.5m $83.5m 2.52% Added +271.1k +271,057
25 Cardinal Capital Management, Inc. 4.15% of their portfolio WINNIPEG, A2 2,633,3022.6m $82.9m $82.9m 4.15% Added +46.0k +45,959
26 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.12% of their portfolio FRANKFURT AM MAIN, 2M 2,424,6432.4m $76.3m $76.3m 0.12% Reduced -592.3k -592,308
27 CANADA LIFE ASSURANCE Co 0.18% of their portfolio WINNIPEG, A2 2,398,4802.4m $75.8m $75.8m 0.18% Reduced -110.9k -110,934
28 Amundi 0.04% of their portfolio Paris, I0 2,300,1072.3m $72.5m $72.5m 0.04% Added +280.8k +280,807
29 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.84% of their portfolio CHICAGO, IL 2,182,5632.2m $68.7m $68.7m 0.84% Reduced -842 -842
30 DekaBank Deutsche Girozentrale 0.15% of their portfolio FRANKFURT, 2M 2,083,7012.1m $65.0m $65.0m 0.15% Added +5.0k +4,950
31 Swiss National Bank 0.04% of their portfolio ZURICH, V8 2,070,9962.1m $65.2m $65.2m 0.04% Reduced -144.3k -144,300
32 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,012,5752.0m $63.9m $63.9m 0.01% Added +97.0k +96,974
33 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,009,7052.0m $63.2m $63.2m 0.01% Reduced -430.6k -430,573
34 WESTWOOD HOLDINGS GROUP INC 0.54% of their portfolio DALLAS, TX 1,906,6041.9m $59.9m $59.9m 0.54% Reduced -618.2k -618,206
35 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,752,0891.8m $55.1m $55.1m 0.01% Reduced -4.2m -4,200,952
36 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,718,1861.7m $54.0m $54.0m 0.01% Added +686.7k +686,724
37 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,700,9971.7m $53.5m $53.5m 0.02% Added +650.3k +650,315
38 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 1,599,5501.6m $50.3m $50.3m 0.03% Added +4.6k +4,568
39 Alberta Investment Management Corp 0.47% of their portfolio EDMONTON, A0 1,565,2951.6m $49.3m $49.3m 0.47% Reduced -68.1k -68,090
40 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.04% of their portfolio DALLAS, TX 1,327,1721.3m $41.7m $41.7m 4.04% Reduced -85.6k -85,640
41 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 1,284,7551.3m $40.4m $40.4m 0.09% Added +41.0k +41,033
42 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 1,278,4151.3m $40.2m $40.2m 0.04% Added +98.0k +98,025
43 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,207,0091.2m $37.9m $37.9m 0.01% Reduced -86.0k -86,009
44 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 1,150,3351.2m $36.2m $36.2m 0.03% Reduced -233.6k -233,577
45 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 1,113,1351.1m $35.0m $35.0m 0.03% Added +97.5k +97,488
46 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 1,083,2651.1m $34.1m $34.1m 0.03% Reduced -7.6k -7,638
47 TD Waterhouse Canada Inc. 0.45% of their portfolio TORONTO, A6 1,078,6641.1m $45.0m $45.0m 0.45% Added +63.7k +63,692
48 Recurrent Investment Advisors LLC 5.72% of their portfolio HOUSTON, TX 1,062,9401.1m $33.8m $33.8m 5.72% Added +97.2k +97,244
49 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.82% of their portfolio MISSISSAUGA, A6 1,055,2221.1m $33.2m $33.2m 3.82% Added +93.5k +93,472
50 UniSuper Management Pty Ltd 0.46% of their portfolio Melbourne, Victoria, C3 981,450981.5k $40.9m $40.9m 0.46% First filing
51 Fiera Capital Corp 0.09% of their portfolio MONTREAL, A8 966,421966.4k $30.4m $30.4m 0.09% Reduced -16.7k -16,685
52 INTACT INVESTMENT MANAGEMENT INC. 1.11% of their portfolio MONTREAL, A8 869,384869.4k $27.3m $27.3m 1.11% Added +289.7k +289,700
53 Maryland State Retirement & Pension System 0.56% of their portfolio BALTIMORE, MD 844,262844.3k $26.6m $26.6m 0.56% Added +74.5k +74,483
54 HITE Hedge Asset Management LLC 3.00% of their portfolio BRAINTREE, MA 826,165826.2k $26.0m $26.0m 3.00% Reduced -580.7k -580,704
55 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 805,193805.2k $25.3m $25.3m 0.01% Reduced -15.9k -15,854
56 Federation des caisses Desjardins du Quebec 0.27% of their portfolio LEVIS, A8 783,967784.0k $27.8m $27.8m 0.27% Added +28.6k +28,563
57 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 731,167731.2k $23.0m $23.0m 0.02% New
58 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 678,980679.0k $21.3m $21.3m 0.04% Reduced -291.6k -291,605
59 Addenda Capital Inc. 1.17% of their portfolio MONTREAL, A8 666,955667.0k $27.8m $27.8m 1.17% Reduced -19.6k -19,610
60 Triasima Portfolio Management inc. 1.74% of their portfolio MONTREAL, A8 661,473661.5k $27.6m $27.6m 1.74% Reduced -9.7k -9,720
61 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 639,101639.1k $20.1m $20.1m 0.00% Added +26.3k +26,305
62 Tortoise Index Solutions, LLC 3.85% of their portfolio OVERLAND PARK, KS 600,126600.1k $18.9m $18.9m 3.85% Reduced -26.3k -26,325
63 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio TORONTO, A6 600,000600.0k $18.9m $18.9m 0.08% Reduced -2.6m -2,588,000
64 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 595,697595.7k $18.7m $18.7m 0.01% Added +31.0k +30,993
65 JARISLOWSKY, FRASER Ltd 0.11% of their portfolio MONTREAL, A8 590,316590.3k $18.6m $18.6m 0.11% Reduced -11.1k -11,125
66 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 578,406578.4k $18.2m $18.2m 0.02% Added +291.2k +291,163
67 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 578,312578.3k $18.2m $18.2m 0.03% Added +52.8k +52,800
68 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 559,584559.6k $17.6m $17.6m 0.04% Reduced -23.4k -23,376
69 J.P. Morgan Private Wealth Advisors LLC 0.09% of their portfolio SAN FRANCISCO, CA 525,048525.0k $16.5m $16.5m 0.09% Reduced -70.5k -70,548
70 GUARDIAN CAPITAL LP 0.53% of their portfolio TORONTO, A6 523,753523.8k $16.5m $16.5m 0.53% Reduced -130.2k -130,212
71 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 480,319480.3k $15.1m $15.1m 0.01% Reduced -181.8k -181,823
72 CIBC Private Wealth Group LLC 0.02% of their portfolio ATLANTA, GA 470,790470.8k $14.8m $14.8m 0.02% Reduced -892 -892
73 TWO SIGMA ADVISERS, LP 0.04% of their portfolio NEW YORK, NY 456,583456.6k $14.4m $14.4m 0.04% Reduced -55.5k -55,500
74 1832 Asset Management L.P. 0.03% of their portfolio TORONTO, A6 454,861454.9k $14.3m $14.3m 0.03% Reduced -850 -850
75 BlackRock Inc. 0.00% of their portfolio New York, NY 424,884424.9k $13.4m $13.4m 0.00% Added +110.2k +110,152
76 Onex Canada Asset Management Inc. 0.75% of their portfolio TORONTO, A6 392,742392.7k $12.3m $12.3m 0.75% Reduced -117.6k -117,606
77 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 349,295349.3k $11.0m $11.0m 0.03% Added +41.7k +41,707
78 State of Tennessee, Department of Treasury 0.04% of their portfolio NASHVILLE, TN 314,331314.3k $9.9m $9.9m 0.04% New
79 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 314,019314.0k $9.9m $9.9m 0.02% Reduced -73.8k -73,800
80 Catalyst Capital Advisors LLC 0.28% of their portfolio San Juan, PR 311,796311.8k $9.8m $9.8m 0.28% Added +13.2k +13,200
81 MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 2.59% of their portfolio MILWAUKEE, WI 288,308288.3k $9.1m $9.1m 2.59% Reduced -30.5k -30,504
82 UBS Group AG 0.00% of their portfolio ZURICH, V8 284,325284.3k $8.9m $8.9m 0.00% Reduced -14.0k -14,027
83 MILLER HOWARD INVESTMENTS INC /NY 0.31% of their portfolio KINGSTON, NY 278,435278.4k $8.8m $8.8m 0.31% Added +4.6k +4,617
84 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 275,668275.7k $8.7m $8.7m 0.00% Reduced -5.3k -5,261
85 Harvest Portfolios Group Inc. 0.38% of their portfolio Oakville, A6 265,826265.8k $8.4m $8.4m 0.38% Added +24.1k +24,128
86 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 260,685260.7k $8.2m $8.2m 0.02% Added +73.3k +73,255
87 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 258,635258.6k $8.1m $8.1m 0.02% Added +106.1k +106,094
88 CIDEL ASSET MANAGEMENT INC 0.35% of their portfolio TORONTO, A6 248,385248.4k $7.8m $7.8m 0.35% Reduced -54.1k -54,051
89 PICTET ASSET MANAGEMENT SA 0.01% of their portfolio GENEVA 73, V8 245,233245.2k $7.7m $7.7m 0.01% Added +8.4k +8,426
90 SIG North Trading, ULC 3.98% of their portfolio Bala Cynwyd, PA 233,012233.0k $7.3m $7.3m 3.98% Added +24.5k +24,533
91 GUARDIAN CAPITAL ADVISORS LP 0.72% of their portfolio TORONTO, A6 211,153211.2k $6.4m $6.4m 0.72% Added +329 +329
92 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 206,516206.5k $6.5m $6.5m 0.00% Added +4.4k +4,388
93 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 199,448199.4k $6.3m $6.3m 0.01% Added +144 +144
94 Heronetta Management, L.P. 5.71% of their portfolio NEW YORK, NY 191,698191.7k $7.8m $7.8m 5.71% Added +1.3k +1,278
95 Baskin Financial Services Inc. 0.58% of their portfolio TORONTO, A6 191,048191.0k $6.0m $6.0m 0.58% Added +3.1k +3,067
96 Cumberland Partners Ltd 0.52% of their portfolio TORONTO, A6 181,385181.4k $5.7m $5.7m 0.52% Reduced -2.4k -2,365
97 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 178,940178.9k $5.6m $5.6m 0.01% Added +17.4k +17,368
98 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 177,111177.1k $5.6m $5.6m 0.00% Added +49.2k +49,187
99 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 175,685175.7k $5.5m $5.5m 0.01% Added +16.1k +16,098
100 NewGen Asset Management Ltd 3.40% of their portfolio TORONTO, A6 170,000170.0k $4.5m $4.5m 3.40% Unchanged