Vault-13

PEMBINA PIPELINE CORP PBA

COM · Common Stock · CUSIP 706327103 · ISIN CA7063271034

Transportation, midstream and gas service provider

352 institutional holders -18 vs Q2 2023
305,115,632305.1m shares reported held*
55.5% of all shares outstanding*
$9.2bnreported value*
24 new 128 added 120 reduced 40 sold out net sold ≈ $7.5m (-714.3k 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 ($199.2m this quarter). Holder counts are more reliable. Shares outstanding: 549.4m as of 2023-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $30.25. Options: 14 managers hold calls ($88.3m notional), 13 hold puts ($361.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 364Q4 22: 373Q1 23: 372Q2 23: 370Q3 23: 352352Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022364
Q4 2022373
Q1 2023372
Q2 2023370
Q3 2023352

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 23Q3 23: 152 bought or addedQ3 23: 160 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022160143
Q1 2023155156
Q2 2023157170
Q3 2023152160

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ4 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 4.63Q3 23 calls: $88.3mQ3 23 puts: $361.4mQ3 23P/C 4.09
Numbers
QuarterCallsPutsP/C
Q4 2022$56.2m$471.1m8.38
Q1 2023$70.0m$354.7m5.07
Q2 2023$74.5m$345.5m4.63
Q3 2023$88.3m$361.4m4.09

Biggest buyers

ROYAL BANK OF CANADA Added +3,377,166+3.4m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +2,040,000+2.0m
CIBC WORLD MARKET INC. Added +1,957,884+2.0m
TORONTO DOMINION BANK Added +1,186,122+1.2m
Brookfield Corp /ON/ Added +1,005,608+1.0m
MACKENZIE FINANCIAL CORP Added +534,743+534.7k
MILLENNIUM MANAGEMENT LLC Added +446,098+446.1k
BANK OF NOVA SCOTIA Added +445,262+445.3k
UniSuper Management Pty Ltd Added +443,519+443.5k
Man Group plc New +416,579+416.6k

Biggest sellers

Blackstone Inc. Reduced -2,418,360-2.4m
CANADA PENSION PLAN INVESTMENT BOARD Reduced -2,114,200-2.1m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -1,642,125-1.6m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -1,369,415-1.4m
DUFF & PHELPS INVESTMENT MANAGEMENT CO Reduced -1,107,992-1.1m
FIL Ltd Reduced -1,061,840-1.1m
CIBC Asset Management Inc Reduced -1,028,499-1.0m
GOLDMAN SACHS GROUP INC Reduced -890,239-890.2k
Triasima Portfolio Management inc. Sold out -661,473-661.5k
CITADEL ADVISORS LLC Reduced -564,955-565.0k

Biggest calls

JANE STREET GROUP, LLC Reduced $17.8m592.5k shares
SIG North Trading, ULC Added $16.1m535.0k shares
MILLENNIUM MANAGEMENT LLC New $12.3m300.0k shares
ROYAL BANK OF CANADA Added $12.1m403.1k shares
BANK OF MONTREAL /CAN/ Added $9.6m310.0k shares
D. E. Shaw & Co., Inc. Reduced $8.4m280.0k shares
CIBC WORLD MARKET INC. Unchanged $7.5m250.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.0m65.5k shares
CITADEL ADVISORS LLC Added $1.8m59.3k shares
WOLVERINE TRADING, LLC New $402.8k13.4k shares

Biggest puts

ROYAL BANK OF CANADA Added $175.5m5.8m shares
CIBC WORLD MARKET INC. Unchanged $55.0m1.8m shares
BANK OF MONTREAL /CAN/ Unchanged $47.9m1.6m shares
JANE STREET GROUP, LLC Added $37.0m1.2m shares
SIG North Trading, ULC Reduced $34.6m1.1m shares
MILLENNIUM MANAGEMENT LLC Reduced $5.1m125.0k shares
D. E. Shaw & Co., Inc. Unchanged $2.4m80.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m61.6k shares
CITADEL ADVISORS LLC Added $778.6k25.9k shares
WOLVERINE TRADING, LLC New $640.3k21.3k 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 Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.43% of their portfolio TORONTO, A6 48,343,96048.3m $1.5bn $1.5bn 0.43% Added +3.4m +3,377,166
2 BANK OF MONTREAL /CAN/ 0.25% of their portfolio TORONTO, A6 21,914,14921.9m $677.6m $677.6m 0.25% Added +227.3k +227,273
3 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 21,222,53621.2m $637.9m $637.9m 0.02% Added +351.3k +351,266
4 TORONTO DOMINION BANK 0.38% of their portfolio TORONTO, ONTARIO, A6 15,399,21615.4m $462.9m $462.9m 0.38% Added +1.2m +1,186,122
5 BANK OF NOVA SCOTIA 1.16% of their portfolio TORONTO, A6 14,665,58414.7m $441.0m $441.0m 1.16% Added +445.3k +445,262
6 DEUTSCHE BANK AG\ 0.26% of their portfolio FRANKFURT AM MAIN, 2M 13,391,14013.4m $402.5m $402.5m 0.26% Added +131.5k +131,487
7 CIBC WORLD MARKET INC. 1.40% of their portfolio TORONTO, A6 12,937,26812.9m $389.2m $389.2m 1.40% Added +2.0m +1,957,884
8 MACKENZIE FINANCIAL CORP 0.58% of their portfolio TORONTO ONTARIO, A6 11,971,17012.0m $344.2m $344.2m 0.58% Added +534.7k +534,743
9 FIL Ltd 0.34% of their portfolio HAMILTON, D0 9,554,9559.6m $287.3m $287.3m 0.34% Reduced -1.1m -1,061,840
10 Blackstone Inc. 1.04% of their portfolio NEW YORK, NY 8,069,8028.1m $242.6m $242.6m 1.04% Reduced -2.4m -2,418,360
11 ClearBridge Investments Ltd 6.40% of their portfolio SYDNEY, C3 6,566,5546.6m $197.4m $197.4m 6.40% Reduced -229.3k -229,262
12 NATIONAL BANK OF CANADA /FI/ 0.34% of their portfolio MONTREAL, A8 6,371,8896.4m $186.1m $186.1m 0.34% Added +34.5k +34,475
13 Connor, Clark & Lunn Investment Management Ltd. 0.93% of their portfolio VANCOUVER, A1 5,909,1985.9m $177.7m $177.7m 0.93% Added +332.7k +332,665
14 CIBC Asset Management Inc 0.70% of their portfolio TORONTO, Z4 5,628,8005.6m $169.8m $169.8m 0.70% Reduced -1.0m -1,028,499
15 SCOTIA CAPITAL INC. 1.07% of their portfolio TORONTO, A6 4,946,8454.9m $148.5m $148.5m 1.07% Added +46.9k +46,912
16 Legal & General Group Plc 0.05% of their portfolio London, X0 4,880,9044.9m $147.4m $147.4m 0.05% Added +180.8k +180,798
17 TD Asset Management Inc 0.17% of their portfolio Toronto, A6 4,630,1174.6m $139.9m $139.9m 0.17% Reduced -97.8k -97,795
18 TORTOISE CAPITAL ADVISORS, L.L.C. 2.06% of their portfolio OVERLAND PARK, KS 4,506,9874.5m $135.5m $135.5m 2.06% Reduced -98.7k -98,734
19 NORGES BANK 0.03% of their portfolio OSLO, Q8 4,281,4344.3m $128.7m $128.7m 0.03% Added +86.5k +86,492
20 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 4,230,7304.2m $127.2m $127.2m 0.03% Reduced -890.2k -890,239
21 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,772,8293.8m $113.4m $113.4m 0.01% Added +147.2k +147,222
22 Cardinal Capital Management, Inc. 4.22% of their portfolio WINNIPEG, A2 2,684,6612.7m $81.0m $81.0m 4.22% Added +51.4k +51,359
23 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.36% of their portfolio TORONTO, A6 2,640,0002.6m $79.4m $79.4m 0.36% Added +2.0m +2,040,000
24 KAYNE ANDERSON CAPITAL ADVISORS LP 2.33% of their portfolio LOS ANGELES, CA 2,493,4912.5m $75.0m $75.0m 2.33% Reduced -162.8k -162,800
25 CANADA LIFE ASSURANCE Co 0.17% of their portfolio WINNIPEG, A2 2,349,0352.3m $70.8m $70.8m 0.17% Reduced -49.4k -49,445
26 Amundi 0.03% of their portfolio Paris, I0 2,322,3882.3m $70.8m $70.8m 0.03% Added +22.3k +22,281
27 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,266,4662.3m $68.1m $68.1m 0.01% Added +256.8k +256,761
28 WESTWOOD HOLDINGS GROUP INC 0.63% of their portfolio DALLAS, TX 2,254,1292.3m $67.8m $67.8m 0.63% Added +347.5k +347,525
29 DekaBank Deutsche Girozentrale 0.14% of their portfolio FRANKFURT, 2M 2,075,7732.1m $62.4m $62.4m 0.14% Reduced -7.9k -7,928
30 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.59% of their portfolio VICTORIA, A1 2,071,7242.1m $62.3m $62.3m 0.59% Reduced -1.4m -1,369,415
31 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,047,7192.0m $62.1m $62.1m 0.01% Added +35.1k +35,144
32 CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio TORONTO ONTARIO, A6 1,990,6552.0m $60.1m $60.1m 0.09% Reduced -2.1m -2,114,200
33 Swiss National Bank 0.04% of their portfolio ZURICH, V8 1,843,6961.8m $55.9m $55.9m 0.04% Reduced -227.3k -227,300
34 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,797,9171.8m $54.3m $54.3m 0.01% Added +45.8k +45,828
35 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,675,3111.7m $50.4m $50.4m 0.02% Reduced -25.7k -25,686
36 Alberta Investment Management Corp 0.51% of their portfolio EDMONTON, A0 1,585,0951.6m $47.9m $47.9m 0.51% Added +19.8k +19,800
37 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 1,524,8831.5m $46.2m $46.2m 0.03% Reduced -74.7k -74,667
38 UniSuper Management Pty Ltd 0.71% of their portfolio Melbourne, Victoria, C3 1,424,9691.4m $58.2m $58.2m 0.71% Added +443.5k +443,519
39 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 1,403,2631.4m $42.2m $42.2m 0.09% Added +118.5k +118,508
40 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.11% of their portfolio DALLAS, TX 1,350,0021.4m $40.6m $40.6m 4.11% Added +22.8k +22,830
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,330,0591.3m $40.0m $40.0m 0.00% Reduced -388.1k -388,127
42 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,289,6211.3m $38.8m $38.8m 0.01% Added +82.6k +82,612
43 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 1,264,8801.3m $38.1m $38.1m 0.03% Added +114.5k +114,545
44 Recurrent Investment Advisors LLC 5.41% of their portfolio HOUSTON, TX 1,212,9781.2m $36.9m $36.9m 5.41% Added +150.0k +150,038
45 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 1,177,2651.2m $35.5m $35.5m 0.04% Added +446.1k +446,098
46 HITE Hedge Asset Management LLC 3.63% of their portfolio BRAINTREE, MA 1,124,3171.1m $33.8m $33.8m 3.63% Added +298.2k +298,152
47 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 1,117,1511.1m $33.6m $33.6m 0.04% Reduced -161.3k -161,264
48 TD Waterhouse Canada Inc. 0.46% of their portfolio TORONTO, A6 1,111,0691.1m $44.5m $44.5m 0.46% Added +32.4k +32,405
49 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.43% of their portfolio CHICAGO, IL 1,074,5711.1m $32.5m $32.5m 0.43% Reduced -1.1m -1,107,992
50 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.76% of their portfolio MISSISSAUGA, A6 1,033,5971.0m $31.1m $31.1m 3.76% Reduced -21.6k -21,625
51 Brookfield Corp /ON/ 0.19% of their portfolio TORONTO, A6 1,017,4881.0m $30.6m $30.6m 0.19% Added +1.0m +1,005,608
52 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 947,889947.9k $28.5m $28.5m 0.03% Reduced -135.4k -135,376
53 Fiera Capital Corp 0.09% of their portfolio MONTREAL, A8 911,400911.4k $27.5m $27.5m 0.09% Reduced -55.0k -55,021
54 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 879,916879.9k $26.5m $26.5m 0.01% Added +74.7k +74,723
55 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 839,246839.2k $25.2m $25.2m 0.03% Reduced -273.9k -273,889
56 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 782,518782.5k $23.6m $23.6m 0.03% Reduced -1.6m -1,642,125
57 Federation des caisses Desjardins du Quebec 0.27% of their portfolio LEVIS, A8 774,950775.0k $26.6m $26.6m 0.27% Reduced -9.0k -9,017
58 Maryland State Retirement & Pension System 0.51% of their portfolio BALTIMORE, MD 736,089736.1k $22.1m $22.1m 0.51% Reduced -108.2k -108,173
59 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 724,183724.2k $21.8m $21.8m 0.01% Added +128.5k +128,486
60 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 721,092721.1k $21.8m $21.8m 0.04% Added +42.1k +42,112
61 Addenda Capital Inc. 1.17% of their portfolio MONTREAL, A8 656,035656.0k $26.8m $26.8m 1.17% Reduced -10.9k -10,920
62 Tortoise Index Solutions, LLC 4.01% of their portfolio OVERLAND PARK, KS 641,202641.2k $19.3m $19.3m 4.01% Added +41.1k +41,076
63 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 627,350627.4k $18.9m $18.9m 0.00% Reduced -11.8k -11,751
64 INTACT INVESTMENT MANAGEMENT INC. 0.81% of their portfolio MONTREAL, A8 623,364623.4k $18.7m $18.7m 0.81% Reduced -246.0k -246,020
65 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 617,856617.9k $18.6m $18.6m 0.05% Added +359.2k +359,221
66 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 587,119587.1k $17.7m $17.7m 0.03% Added +273.1k +273,100
67 JARISLOWSKY, FRASER Ltd 0.11% of their portfolio MONTREAL, A8 580,302580.3k $17.5m $17.5m 0.11% Reduced -10.0k -10,014
68 Korea Investment CORP 0.05% of their portfolio SEOUL, M5 559,961560.0k $16.9m $16.9m 0.05% Added +210.7k +210,666
69 1832 Asset Management L.P. 0.03% of their portfolio TORONTO, A6 507,847507.8k $15.3m $15.3m 0.03% Added +53.0k +52,986
70 GUARDIAN CAPITAL LP 0.57% of their portfolio TORONTO, A6 504,397504.4k $15.2m $15.2m 0.57% Reduced -19.4k -19,356
71 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 478,499478.5k $14.4m $14.4m 0.01% Reduced -1.8k -1,820
72 J.P. Morgan Private Wealth Advisors LLC 0.04% of their portfolio SAN FRANCISCO, CA 476,774476.8k $14.3m $14.3m 0.04% Reduced -48.3k -48,274
73 Quadrature Capital Ltd 0.29% of their portfolio LONDON, X0 464,000464.0k $14.0m $14.0m 0.29% Added +365.2k +365,200
74 Man Group plc 0.04% of their portfolio LONDON, X0 416,579416.6k $12.6m $12.6m 0.04% New
75 BlackRock Inc. 0.00% of their portfolio New York, NY 403,145403.1k $12.1m $12.1m 0.00% Reduced -21.7k -21,739
76 MILLER HOWARD INVESTMENTS INC /NY 0.39% of their portfolio KINGSTON, NY 354,405354.4k $10.7m $10.7m 0.39% Added +76.0k +75,970
77 Onex Canada Asset Management Inc. 0.80% of their portfolio TORONTO, A6 345,826345.8k $10.4m $10.4m 0.80% Reduced -46.9k -46,916
78 Catalyst Capital Advisors LLC 0.27% of their portfolio San Juan, PR 322,296322.3k $9.7m $9.7m 0.27% Added +10.5k +10,500
79 State of Tennessee, Department of Treasury 0.04% of their portfolio NASHVILLE, TN 314,331314.3k $9.5m $9.5m 0.04% Unchanged
80 MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 2.85% of their portfolio MILWAUKEE, WI 304,701304.7k $9.2m $9.2m 2.85% Added +16.4k +16,393
81 UBS Group AG 0.00% of their portfolio ZURICH, V8 304,639304.6k $9.2m $9.2m 0.00% Added +20.3k +20,314
82 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 282,000282.0k $8.5m $8.5m 0.03% New
83 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio JUPITER, FL 272,188272.2k $8.2m $8.2m 0.04% Added +205.2k +205,163
84 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 272,096272.1k $8.2m $8.2m 0.00% Added +65.6k +65,580
85 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 270,284270.3k $8.1m $8.1m 0.00% Reduced -5.4k -5,384
86 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 269,488269.5k $8.1m $8.1m 0.01% New
87 Harvest Portfolios Group Inc. 0.38% of their portfolio Oakville, A6 268,917268.9k $8.1m $8.1m 0.38% Added +3.1k +3,091
88 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 251,649251.6k $7.6m $7.6m 0.01% First filing
89 CIDEL ASSET MANAGEMENT INC 0.38% of their portfolio TORONTO, A6 250,151250.2k $7.6m $7.6m 0.38% Added +1.8k +1,766
90 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 242,287242.3k $7.3m $7.3m 0.02% Reduced -18.4k -18,398
91 CIBC Private Wealth Group LLC 0.02% of their portfolio ATLANTA, GA 241,152241.2k $7.3m $7.3m 0.02% Reduced -229.6k -229,638
92 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 225,664225.7k $6.8m $6.8m 0.01% Reduced -352.6k -352,648
93 GUARDIAN CAPITAL ADVISORS LP 0.71% of their portfolio TORONTO, A6 208,339208.3k $6.4m $6.4m 0.71% Reduced -2.8k -2,814
94 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 193,568193.6k $5.8m $5.8m 0.01% Reduced -5.9k -5,880
95 Heronetta Management, L.P. 5.60% of their portfolio NEW YORK, NY 191,698191.7k $7.6m $7.6m 5.60% Unchanged
96 Baskin Financial Services Inc. 0.57% of their portfolio TORONTO, A6 186,802186.8k $5.6m $5.6m 0.57% Reduced -4.2k -4,246
97 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 184,269184.3k $5.5m $5.5m 0.00% Added +7.2k +7,158
98 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 183,396183.4k $5.5m $5.5m 0.01% Added +7.7k +7,711
99 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 177,688177.7k $5.4m $5.4m 0.02% Added +11.1k +11,100
100 Cubist Systematic Strategies, LLC 0.06% of their portfolio STAMFORD, CT 174,310174.3k $5.3m $5.3m 0.06% Added +108.0k +107,958