Vault-13

PEMBINA PIPELINE CORP PBA

COM · Common Stock · CUSIP 706327103 · ISIN CA7063271034

Transportation, midstream and gas service provider

369 institutional holders +17 vs Q3 2023
307,915,180307.9m shares reported held*
56.0% of all shares outstanding*
$10.6bnreported value*
45 new 120 added 122 reduced 36 sold out net bought ≈ $71.8m (+2.5m 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 ($214.2m 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 ≈ $34.52. Options: 12 managers hold calls ($128.9m notional), 12 hold puts ($433.4m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 364Q4 22: 373Q1 23: 372Q2 23: 370Q3 23: 352Q4 23: 369369Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022364
Q4 2022373
Q1 2023372
Q2 2023370
Q3 2023352
Q4 2023369

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 23Q4 23: 165 bought or addedQ4 23: 158 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022160143
Q1 2023155156
Q2 2023157170
Q3 2023152160
Q4 2023165158

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 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 4.09Q4 23 calls: $128.9mQ4 23 puts: $433.4mQ4 23P/C 3.36
Numbers
QuarterCallsPutsP/C
Q1 2023$70.0m$354.7m5.07
Q2 2023$74.5m$345.5m4.63
Q3 2023$88.3m$361.4m4.09
Q4 2023$128.9m$433.4m3.36

Biggest buyers

JPMORGAN CHASE & CO Added +3,719,889+3.7m
MORGAN STANLEY Added +2,659,658+2.7m
CIBC WORLD MARKET INC. Added +2,006,430+2.0m
Nuveen Asset Management, LLC New +1,877,311+1.9m
GOLDMAN SACHS GROUP INC Added +1,860,151+1.9m
Capital World Investors New +945,154+945.2k
CANADA PENSION PLAN INVESTMENT BOARD Added +873,100+873.1k
MACKENZIE FINANCIAL CORP Added +680,945+680.9k
Amundi Added +589,343+589.3k
DEUTSCHE BANK AG\ Added +516,602+516.6k

Biggest sellers

TORONTO DOMINION BANK Reduced -7,949,781-7.9m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -2,260,000-2.3m
FIL Ltd Reduced -1,704,953-1.7m
BANK OF MONTREAL /CAN/ Reduced -1,687,763-1.7m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -1,283,212-1.3m
ROYAL BANK OF CANADA Reduced -857,265-857.3k
Balyasny Asset Management L.P. Reduced -557,664-557.7k
Man Group plc Sold out -416,579-416.6k
NORGES BANK Reduced -391,953-392.0k
D. E. Shaw & Co., Inc. Reduced -329,300-329.3k

Biggest calls

JANE STREET GROUP, LLC Added $30.4m884.2k shares
D. E. Shaw & Co., Inc. Added $29.0m842.5k shares
BANK OF MONTREAL /CAN/ Added $21.7m630.0k shares
ROYAL BANK OF CANADA Added $17.9m519.4k shares
MILLENNIUM MANAGEMENT LLC Unchanged $13.7m300.0k shares
BANK OF AMERICA CORP /DE/ New $11.4m330.0k shares
CITADEL ADVISORS LLC Added $3.1m89.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $874.3k25.4k shares
SIMPLEX TRADING, LLC Added $626.0k18.2k shares
GROUP ONE TRADING LLC Added $320.1k9.3k shares

Biggest puts

ROYAL BANK OF CANADA Added $218.1m6.3m shares
JANE STREET GROUP, LLC Added $84.5m2.5m shares
CIBC WORLD MARKET INC. Unchanged $62.9m1.8m shares
BANK OF MONTREAL /CAN/ Unchanged $53.4m1.6m shares
MILLENNIUM MANAGEMENT LLC Unchanged $5.7m125.0k shares
D. E. Shaw & Co., Inc. Added $4.9m142.5k shares
BANK OF AMERICA CORP /DE/ New $2.8m80.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $561.0k16.3k shares
CITADEL ADVISORS LLC Reduced $385.5k11.2k shares
GROUP ONE TRADING LLC Reduced $75.7k2.2k 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 Q4 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 Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.41% of their portfolio TORONTO, A6 47,486,69547.5m $1.6bn $1.6bn 0.41% Reduced -857.3k -857,265
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 21,592,77021.6m $743.2m $743.2m 0.02% Added +370.2k +370,234
3 BANK OF MONTREAL /CAN/ 0.23% of their portfolio TORONTO, A6 20,226,38620.2m $696.4m $696.4m 0.23% Reduced -1.7m -1,687,763
4 CIBC WORLD MARKET INC. 1.46% of their portfolio TORONTO, A6 14,943,69814.9m $514.4m $514.4m 1.46% Added +2.0m +2,006,430
5 BANK OF NOVA SCOTIA 0.96% of their portfolio TORONTO, A6 14,837,54414.8m $510.9m $510.9m 0.96% Added +172.0k +171,960
6 DEUTSCHE BANK AG\ 0.24% of their portfolio FRANKFURT AM MAIN, 2M 13,907,74213.9m $478.7m $478.7m 0.24% Added +516.6k +516,602
7 MACKENZIE FINANCIAL CORP 0.66% of their portfolio TORONTO ONTARIO, A6 12,652,11512.7m $435.8m $435.8m 0.66% Added +680.9k +680,945
8 FIL Ltd 0.28% of their portfolio HAMILTON, D0 7,850,0027.9m $270.3m $270.3m 0.28% Reduced -1.7m -1,704,953
9 Blackstone Inc. 1.25% of their portfolio NEW YORK, NY 7,841,5237.8m $269.9m $269.9m 1.25% Reduced -228.3k -228,279
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,492,7187.5m $257.9m $257.9m 0.01% Added +3.7m +3,719,889
11 TORONTO DOMINION BANK 0.37% of their portfolio TORONTO, ONTARIO, A6 7,449,4357.4m $256.4m $256.4m 0.37% Reduced -7.9m -7,949,781
12 ClearBridge Investments Ltd 6.16% of their portfolio SYDNEY, C3 6,388,2456.4m $219.9m $219.9m 6.16% Reduced -178.3k -178,309
13 Connor, Clark & Lunn Investment Management Ltd. 0.99% of their portfolio VANCOUVER, A1 6,154,8846.2m $211.9m $211.9m 0.99% Added +245.7k +245,686
14 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 6,090,8816.1m $209.6m $209.6m 0.05% Added +1.9m +1,860,151
15 NATIONAL BANK OF CANADA /FI/ 0.38% of their portfolio MONTREAL, A8 6,062,5746.1m $207.4m $207.4m 0.38% Reduced -309.3k -309,315
16 CIBC Asset Management Inc 0.78% of their portfolio TORONTO, Z4 6,062,0126.1m $209.4m $209.4m 0.78% Added +433.2k +433,212
17 Legal & General Group Plc 0.06% of their portfolio London, X0 5,300,0165.3m $183.4m $183.4m 0.06% Added +419.1k +419,112
18 SCOTIA CAPITAL INC. 1.10% of their portfolio TORONTO, A6 4,954,1795.0m $170.5m $170.5m 1.10% Added +7.3k +7,334
19 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,926,1244.9m $169.6m $169.6m 0.01% Added +2.7m +2,659,658
20 TORTOISE CAPITAL ADVISORS, L.L.C. 2.36% of their portfolio OVERLAND PARK, KS 4,907,2714.9m $153.1m $153.1m 2.36% Added +400.3k +400,284
21 TD Asset Management Inc 0.16% of their portfolio Toronto, A6 4,712,9694.7m $163.1m $163.1m 0.16% Added +82.9k +82,852
22 NORGES BANK 0.02% of their portfolio OSLO, Q8 3,889,4813.9m $133.9m $133.9m 0.02% Reduced -392.0k -391,953
23 Amundi 0.04% of their portfolio Paris, I0 2,911,7312.9m $98.6m $98.6m 0.04% Added +589.3k +589,343
24 CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio TORONTO ONTARIO, A6 2,863,7552.9m $99.1m $99.1m 0.13% Added +873.1k +873,100
25 Cardinal Capital Management, Inc. 4.31% of their portfolio WINNIPEG, A2 2,636,0842.6m $91.0m $91.0m 4.31% Reduced -48.6k -48,577
26 CANADA LIFE ASSURANCE Co 0.19% of their portfolio WINNIPEG, A2 2,455,8172.5m $84.5m $84.5m 0.19% Added +106.8k +106,782
27 WESTWOOD HOLDINGS GROUP INC 0.69% of their portfolio DALLAS, TX 2,359,9522.4m $81.3m $81.3m 0.69% Added +105.8k +105,823
28 KAYNE ANDERSON CAPITAL ADVISORS LP 2.42% of their portfolio LOS ANGELES, CA 2,265,1912.3m $78.0m $78.0m 2.42% Reduced -228.3k -228,300
29 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,109,2242.1m $73.1m $73.1m 0.01% Added +61.5k +61,505
30 DekaBank Deutsche Girozentrale 0.14% of their portfolio FRANKFURT, 2M 2,066,8002.1m $70.6m $70.6m 0.14% Reduced -9.0k -8,973
31 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,877,3111.9m $69.0m $69.0m 0.02% New
32 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,795,5021.8m $61.8m $61.8m 0.02% Added +120.2k +120,191
33 Swiss National Bank 0.05% of their portfolio ZURICH, V8 1,785,6961.8m $61.6m $61.6m 0.05% Reduced -58.0k -58,000
34 Alberta Investment Management Corp 0.54% of their portfolio EDMONTON, A0 1,652,1951.7m $57.2m $57.2m 0.54% Added +67.1k +67,100
35 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,621,1851.6m $55.8m $55.8m 0.01% Added +291.1k +291,126
36 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.65% of their portfolio CHICAGO, IL 1,556,6381.6m $53.8m $53.8m 0.65% Added +482.1k +482,067
37 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,539,1631.5m $53.3m $53.3m 0.01% Reduced -258.8k -258,754
38 HSBC HOLDINGS PLC 0.05% of their portfolio LONDON, X0 1,499,7491.5m $51.6m $51.6m 0.05% Added +382.6k +382,598
39 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 1,461,0161.5m $50.4m $50.4m 0.03% Reduced -63.9k -63,867
40 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.51% of their portfolio DALLAS, TX 1,425,8051.4m $49.1m $49.1m 4.51% Added +75.8k +75,803
41 UniSuper Management Pty Ltd 0.72% of their portfolio Melbourne, Victoria, C3 1,424,9691.4m $65.0m $65.0m 0.72% Unchanged
42 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,347,7331.3m $46.4m $46.4m 0.01% Added +58.1k +58,112
43 Recurrent Investment Advisors LLC 6.79% of their portfolio HOUSTON, TX 1,345,0111.3m $46.3m $46.3m 6.79% Added +132.0k +132,033
44 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 1,331,1371.3m $45.8m $45.8m 0.09% Reduced -72.1k -72,126
45 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 1,254,5831.3m $43.3m $43.3m 0.03% Reduced -10.3k -10,297
46 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 1,106,3531.1m $38.1m $38.1m 0.04% Reduced -70.9k -70,912
47 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 945,154945.2k $32.5m $32.5m 0.01% New
48 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 936,499936.5k $32.3m $32.3m 0.03% Reduced -11.4k -11,390
49 TD Waterhouse Canada Inc. 0.40% of their portfolio TORONTO, A6 934,636934.6k $42.9m $42.9m 0.40% Reduced -176.4k -176,433
50 HITE Hedge Asset Management LLC 3.37% of their portfolio BRAINTREE, MA 932,498932.5k $32.1m $32.1m 3.37% Reduced -191.8k -191,819
51 Brookfield Corp /ON/ 0.18% of their portfolio TORONTO, A6 925,985926.0k $31.9m $31.9m 0.18% Reduced -91.5k -91,503
52 INTACT INVESTMENT MANAGEMENT INC. 1.29% of their portfolio MONTREAL, A8 925,064925.1k $31.9m $31.9m 1.29% Added +301.7k +301,700
53 Fiera Capital Corp 0.09% of their portfolio MONTREAL, A8 889,426889.4k $30.7m $30.7m 0.09% Reduced -22.0k -21,974
54 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 856,099856.1k $29.5m $29.5m 0.01% Reduced -23.8k -23,817
55 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.52% of their portfolio MISSISSAUGA, A6 843,253843.3k $29.0m $29.0m 3.52% Reduced -190.3k -190,344
56 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 803,727803.7k $27.7m $27.7m 0.03% Reduced -35.5k -35,519
57 Federation des caisses Desjardins du Quebec 0.29% of their portfolio LEVIS, A8 788,851788.9k $31.0m $31.0m 0.29% Added +13.9k +13,901
58 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.22% of their portfolio VICTORIA, A1 788,512788.5k $27.3m $27.3m 0.22% Reduced -1.3m -1,283,212
59 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 764,136764.1k $26.4m $26.4m 0.05% Added +43.0k +43,044
60 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 742,671742.7k $25.6m $25.6m 0.01% Added +18.5k +18,488
61 Maryland State Retirement & Pension System 0.51% of their portfolio BALTIMORE, MD 720,507720.5k $24.8m $24.8m 0.51% Reduced -15.6k -15,582
62 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 709,516709.5k $24.4m $24.4m 0.05% Added +201.7k +201,669
63 Addenda Capital Inc. 1.18% of their portfolio MONTREAL, A8 660,402660.4k $30.1m $30.1m 1.18% Added +4.4k +4,367
64 Tortoise Index Solutions, LLC 4.06% of their portfolio OVERLAND PARK, KS 634,646634.6k $21.9m $21.9m 4.06% Reduced -6.6k -6,556
65 JENNISON ASSOCIATES LLC 0.02% of their portfolio NEW YORK, NY 629,049629.0k $21.7m $21.7m 0.02% Added +150.6k +150,550
66 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 598,437598.4k $20.6m $20.6m 0.00% Reduced -28.9k -28,913
67 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 581,411581.4k $20.1m $20.1m 0.03% Reduced -201.1k -201,107
68 JARISLOWSKY, FRASER Ltd 0.10% of their portfolio MONTREAL, A8 505,484505.5k $17.5m $17.5m 0.10% Reduced -74.8k -74,818
69 Triasima Portfolio Management inc. 1.43% of their portfolio MONTREAL, A8 501,120501.1k $17.3m $17.3m 1.43% New
70 GUARDIAN CAPITAL LP 0.61% of their portfolio TORONTO, A6 488,001488.0k $16.9m $16.9m 0.61% Reduced -16.4k -16,396
71 BlackRock Inc. 0.00% of their portfolio New York, NY 441,309441.3k $15.2m $15.2m 0.00% Added +38.2k +38,164
72 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 414,948414.9k $14.3m $14.3m 0.02% Added +189.3k +189,284
73 SIR Capital Management, L.P. 1.45% of their portfolio NEW YORK, NY 411,600411.6k $14.1m $14.1m 1.45% New
74 Man Group plc 0.04% of their portfolio LONDON, X0 395,930395.9k $13.7m $13.7m 0.04% New
75 Quadrature Capital Ltd 0.24% of their portfolio LONDON, X0 386,325386.3k $13.3m $13.3m 0.24% Reduced -77.7k -77,675
76 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio TORONTO, A6 380,000380.0k $13.1m $13.1m 0.05% Reduced -2.3m -2,260,000
77 UBS Group AG 0.01% of their portfolio ZURICH, V8 378,415378.4k $13.0m $13.0m 0.01% Added +73.8k +73,776
78 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 373,804373.8k $12.9m $12.9m 0.01% Added +101.7k +101,708
79 MILLER HOWARD INVESTMENTS INC /NY 0.43% of their portfolio KINGSTON, NY 360,162360.2k $12.4m $12.4m 0.43% Added +5.8k +5,757
80 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 352,983353.0k $12.1m $12.1m 0.03% Added +331.9k +331,900
81 Catalyst Capital Advisors LLC 0.29% of their portfolio San Juan, PR 318,551318.6k $11.0m $11.0m 0.29% Reduced -3.7k -3,745
82 State of Tennessee, Department of Treasury 0.04% of their portfolio NASHVILLE, TN 314,331314.3k $10.9m $10.9m 0.04% Unchanged
83 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 313,237313.2k $10.8m $10.8m 0.03% Reduced -246.7k -246,724
84 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 312,096312.1k $10.7m $10.7m 0.03% New
85 FEDERATED HERMES, INC. 0.03% of their portfolio PITTSBURGH, PA 297,423297.4k $10.2m $10.2m 0.03% Added +55.1k +55,136
86 MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 3.11% of their portfolio MILWAUKEE, WI 294,629294.6k $10.1m $10.1m 3.11% Reduced -10.1k -10,072
87 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 287,352287.4k $9.9m $9.9m 0.00% Added +17.1k +17,068
88 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 283,047283.0k $9.7m $9.7m 0.01% Added +269.6k +269,596
89 Harvest Portfolios Group Inc. 0.39% of their portfolio Oakville, A6 268,183268.2k $9.2m $9.2m 0.39% Reduced -734 -734
90 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 257,819257.8k $8.9m $8.9m 0.01% Reduced -329.3k -329,300
91 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 257,066257.1k $8.9m $8.9m 0.01% Added +5.4k +5,417
92 Onex Canada Asset Management Inc. 0.82% of their portfolio TORONTO, A6 241,609241.6k $8.3m $8.3m 0.82% Reduced -104.2k -104,217
93 CIDEL ASSET MANAGEMENT INC 0.36% of their portfolio TORONTO, A6 241,269241.3k $8.3m $8.3m 0.36% Reduced -8.9k -8,882
94 GUARDIAN CAPITAL ADVISORS LP 0.85% of their portfolio TORONTO, A6 235,105235.1k $8.2m $8.2m 0.85% Added +26.8k +26,766
95 Zimmer Partners, LP 0.28% of their portfolio NEW YORK, NY 225,000225.0k $7.7m $7.7m 0.28% New
96 CIBC Private Wealth Group LLC 0.02% of their portfolio ATLANTA, GA 223,517223.5k $7.7m $7.7m 0.02% Reduced -17.6k -17,635
97 Public Sector Pension Investment Board 0.06% of their portfolio MONTREAL, A8 219,446219.4k $7.6m $7.6m 0.06% Added +69.8k +69,834
98 Point72 Asia (Singapore) Pte. Ltd. 1.82% of their portfolio SINGAPORE, U0 216,400216.4k $7.5m $7.5m 1.82% First filing
99 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 216,037216.0k $7.5m $7.5m 0.01% Added +49.6k +49,650
100 Susquehanna Portfolio Strategies, LLC 0.13% of their portfolio Bala Cynwyd, PA 206,200206.2k $7.1m $7.1m 0.13% First filing