Vault-13

PEMBINA PIPELINE CORP PBA

COM · Common Stock · CUSIP 706327103 · ISIN CA7063271034

Transportation, midstream and gas service provider

393 institutional holders +24 vs Q4 2023
319,046,982319.0m shares reported held*
58.1% of all shares outstanding*
$11.3bnreported value*
49 new 138 added 129 reduced 26 sold out net bought ≈ $380.7m (+10.8m 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 ($215.3m 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 ≈ $35.47. Options: 11 managers hold calls ($192.3m notional), 11 hold puts ($268.8m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 364Q4 22: 373Q1 23: 372Q2 23: 370Q3 23: 352Q4 23: 369Q1 24: 393393Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022364
Q4 2022373
Q1 2023372
Q2 2023370
Q3 2023352
Q4 2023369
Q1 2024393

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 23Q1 24: 187 bought or addedQ1 24: 155 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022160143
Q1 2023155156
Q2 2023157170
Q3 2023152160
Q4 2023165158
Q1 2024187155

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ2 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 3.36Q1 24 calls: $192.3mQ1 24 puts: $268.8mQ1 24P/C 1.40
Numbers
QuarterCallsPutsP/C
Q2 2023$74.5m$345.5m4.63
Q3 2023$88.3m$361.4m4.09
Q4 2023$128.9m$433.4m3.36
Q1 2024$192.3m$268.8m1.40

Biggest buyers

MORGAN STANLEY Added +4,556,819+4.6m
CANADA PENSION PLAN INVESTMENT BOARD Added +2,480,570+2.5m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +1,720,864+1.7m
BANK OF MONTREAL /CAN/ Added +1,632,942+1.6m
DEUTSCHE BANK AG\ Added +1,530,677+1.5m
BANK OF AMERICA CORP /DE/ Added +1,397,224+1.4m
GOLDMAN SACHS GROUP INC Added +1,256,323+1.3m
TWO SIGMA INVESTMENTS, LP Added +1,206,200+1.2m
Point72 Asset Management, L.P. New +901,700+901.7k
ClearBridge Investments Ltd Added +784,814+784.8k

Biggest sellers

BANK OF NOVA SCOTIA Reduced -3,009,462-3.0m
TORONTO DOMINION BANK Reduced -2,916,739-2.9m
NATIONAL BANK OF CANADA /FI/ Reduced -2,066,936-2.1m
CANADA LIFE ASSURANCE Co Reduced -1,773,955-1.8m
ROYAL BANK OF CANADA Reduced -1,069,862-1.1m
HITE Hedge Asset Management LLC Reduced -769,364-769.4k
TORTOISE CAPITAL ADVISORS, L.L.C. Reduced -655,760-655.8k
CIBC Asset Management Inc Reduced -551,725-551.7k
Brookfield Corp /ON/ Reduced -416,774-416.8k
MACKENZIE FINANCIAL CORP Reduced -393,972-394.0k

Biggest calls

SIG North Trading, ULC First filing $66.2m1.9m shares
ROYAL BANK OF CANADA Added $37.6m1.1m shares
JANE STREET GROUP, LLC Reduced $29.2m827.3k shares
D. E. Shaw & Co., Inc. Reduced $22.0m622.5k shares
BANK OF AMERICA CORP /DE/ Added $17.0m480.0k shares
BANK OF MONTREAL /CAN/ Reduced $11.3m320.3k shares
CITADEL ADVISORS LLC Added $5.7m162.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.8m50.4k shares
SIMPLEX TRADING, LLC Added $1.3m37.1k shares
GROUP ONE TRADING LLC Reduced $229.7k6.5k shares

Biggest puts

ROYAL BANK OF CANADA Reduced $106.9m3.0m shares
JANE STREET GROUP, LLC Reduced $55.1m1.6m shares
CIBC WORLD MARKET INC. Reduced $47.3m1.3m shares
SIG North Trading, ULC First filing $28.9m818.3k shares
MILLENNIUM MANAGEMENT LLC Added $12.0m250.0k shares
BANK OF AMERICA CORP /DE/ Added $8.1m230.0k shares
CITADEL ADVISORS LLC Added $6.0m170.9k shares
D. E. Shaw & Co., Inc. Reduced $4.0m112.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $516.0k14.6k shares
SIMPLEX TRADING, LLC Reduced $42.0k1.2k 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 Q1 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.40% of their portfolio TORONTO, A6 46,416,83346.4m $1.6bn $1.6bn 0.40% Reduced -1.1m -1,069,862
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 22,053,53122.1m $779.4m $779.4m 0.02% Added +460.8k +460,761
3 BANK OF MONTREAL /CAN/ 0.24% of their portfolio TORONTO, A6 21,859,32821.9m $769.8m $769.8m 0.24% Added +1.6m +1,632,942
4 DEUTSCHE BANK AG\ 0.25% of their portfolio FRANKFURT AM MAIN, 2M 15,438,41915.4m $545.6m $545.6m 0.25% Added +1.5m +1,530,677
5 CIBC WORLD MARKET INC. 1.37% of their portfolio TORONTO, A6 15,137,29115.1m $535.0m $535.0m 1.37% Added +193.6k +193,593
6 MACKENZIE FINANCIAL CORP 0.63% of their portfolio TORONTO ONTARIO, A6 12,258,14312.3m $432.8m $432.8m 0.63% Reduced -394.0k -393,972
7 BANK OF NOVA SCOTIA 0.84% of their portfolio TORONTO, A6 11,828,08211.8m $417.6m $417.6m 0.84% Reduced -3.0m -3,009,462
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 9,482,9439.5m $335.1m $335.1m 0.01% Added +4.6m +4,556,819
9 FIL Ltd 0.29% of their portfolio HAMILTON, D0 8,391,9408.4m $296.2m $296.2m 0.29% Added +541.9k +541,938
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 8,147,8148.1m $287.9m $287.9m 0.01% Added +655.1k +655,096
11 Blackstone Inc. 1.18% of their portfolio NEW YORK, NY 7,769,6317.8m $274.6m $274.6m 1.18% Reduced -71.9k -71,892
12 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 7,347,2047.3m $259.7m $259.7m 0.05% Added +1.3m +1,256,323
13 ClearBridge Investments Ltd 7.22% of their portfolio SYDNEY, C3 7,173,0597.2m $253.5m $253.5m 7.22% Added +784.8k +784,814
14 Connor, Clark & Lunn Investment Management Ltd. 0.91% of their portfolio VANCOUVER, A1 5,975,2186.0m $211.0m $211.0m 0.91% Reduced -179.7k -179,666
15 CIBC Asset Management Inc 0.68% of their portfolio TORONTO, Z4 5,510,2875.5m $194.5m $194.5m 0.68% Reduced -551.7k -551,725
16 CANADA PENSION PLAN INVESTMENT BOARD 0.20% of their portfolio TORONTO ONTARIO, A6 5,344,3255.3m $188.8m $188.8m 0.20% Added +2.5m +2,480,570
17 Legal & General Group Plc 0.05% of their portfolio London, X0 5,248,2075.2m $185.3m $185.3m 0.05% Reduced -51.8k -51,809
18 SCOTIA CAPITAL INC. 1.03% of their portfolio TORONTO, A6 4,904,3494.9m $172.8m $172.8m 1.03% Reduced -49.8k -49,830
19 TD Asset Management Inc 0.15% of their portfolio Toronto, A6 4,715,4284.7m $166.6m $166.6m 0.15% Added +2.5k +2,459
20 TORONTO DOMINION BANK 0.25% of their portfolio TORONTO, ONTARIO, A6 4,532,6964.5m $160.2m $160.2m 0.25% Reduced -2.9m -2,916,739
21 TORTOISE CAPITAL ADVISORS, L.L.C. 2.10% of their portfolio OVERLAND PARK, KS 4,251,5114.3m $150.1m $150.1m 2.10% Reduced -655.8k -655,760
22 NATIONAL BANK OF CANADA /FI/ 0.25% of their portfolio MONTREAL, A8 3,995,6384.0m $147.0m $147.0m 0.25% Reduced -2.1m -2,066,936
23 NORGES BANK 0.02% of their portfolio OSLO, Q8 3,649,3493.6m $128.9m $128.9m 0.02% Reduced -240.1k -240,132
24 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,018,4093.0m $106.7m $106.7m 0.01% Added +1.4m +1,397,224
25 KAYNE ANDERSON CAPITAL ADVISORS LP 2.95% of their portfolio LOS ANGELES, CA 2,969,4403.0m $104.9m $104.9m 2.95% Added +704.2k +704,249
26 Cardinal Capital Management, Inc. 4.18% of their portfolio WINNIPEG, A2 2,666,1862.7m $94.2m $94.2m 4.18% Added +30.1k +30,102
27 Amundi 0.04% of their portfolio Paris, I0 2,579,6602.6m $88.5m $88.5m 0.04% Reduced -332.1k -332,071
28 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.61% of their portfolio VICTORIA, A1 2,509,3762.5m $88.6m $88.6m 0.61% Added +1.7m +1,720,864
29 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,247,7282.2m $80.4m $80.4m 0.01% Added +138.5k +138,504
30 WESTWOOD HOLDINGS GROUP INC 0.62% of their portfolio DALLAS, TX 2,225,9162.2m $78.7m $78.7m 0.62% Reduced -134.0k -134,036
31 DekaBank Deutsche Girozentrale 0.14% of their portfolio FRANKFURT, 2M 2,182,8892.2m $76.3m $76.3m 0.14% Added +116.1k +116,089
32 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,972,6422.0m $74.4m $74.4m 0.02% Added +95.3k +95,331
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 1,956,8762.0m $69.1m $69.1m 0.06% Added +495.9k +495,860
34 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.79% of their portfolio CHICAGO, IL 1,868,2761.9m $66.0m $66.0m 0.79% Added +311.6k +311,638
35 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,724,4731.7m $60.9m $60.9m 0.02% Reduced -71.0k -71,029
36 Swiss National Bank 0.04% of their portfolio ZURICH, V8 1,659,3961.7m $58.6m $58.6m 0.04% Reduced -126.3k -126,300
37 Alberta Investment Management Corp 0.59% of their portfolio EDMONTON, A0 1,652,1951.7m $58.4m $58.4m 0.59% Unchanged
38 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 1,526,3461.5m $53.8m $53.8m 0.04% Added +26.6k +26,597
39 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 1,518,2961.5m $53.7m $53.7m 0.13% Added +1.2m +1,206,200
40 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.36% of their portfolio DALLAS, TX 1,456,8051.5m $51.5m $51.5m 4.36% Added +31.0k +31,000
41 UniSuper Management Pty Ltd 0.65% of their portfolio Melbourne, Victoria, C3 1,428,7691.4m $68.3m $68.3m 0.65% Added +3.8k +3,800
42 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 1,424,3491.4m $50.3m $50.3m 0.04% Added +318.0k +317,996
43 Recurrent Investment Advisors LLC 5.87% of their portfolio HOUSTON, TX 1,421,0351.4m $50.6m $50.6m 5.87% Added +76.0k +76,024
44 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,399,9501.4m $49.5m $49.5m 0.01% Reduced -139.2k -139,213
45 1832 Asset Management L.P. 0.09% of their portfolio TORONTO, A6 1,374,3591.4m $48.6m $48.6m 0.09% Added +664.8k +664,843
46 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,351,3441.4m $47.8m $47.8m 0.01% Added +3.6k +3,611
47 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 1,284,3261.3m $45.4m $45.4m 0.03% Added +29.7k +29,743
48 Mirae Asset Global Investments Co., Ltd. 0.08% of their portfolio SEOUL, M5 1,242,6541.2m $39.0m $39.0m 0.08% Reduced -88.5k -88,483
49 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.13% of their portfolio TORONTO, A6 1,030,0001.0m $36.4m $36.4m 0.13% Added +650.0k +650,000
50 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 945,154945.2k $33.4m $33.4m 0.01% Unchanged
51 Point72 Asset Management, L.P. 0.09% of their portfolio STAMFORD, CT 901,700901.7k $31.8m $31.8m 0.09% New
52 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 877,402877.4k $31.0m $31.0m 0.03% Added +73.7k +73,675
53 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 869,446869.4k $30.7m $30.7m 0.03% Reduced -67.1k -67,053
54 TD Waterhouse Canada Inc. 0.31% of their portfolio TORONTO, A6 867,265867.3k $41.4m $41.4m 0.31% Reduced -67.4k -67,371
55 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 848,692848.7k $30.0m $30.0m 0.01% Added +106.0k +106,021
56 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 844,732844.7k $29.8m $29.8m 0.05% Added +80.6k +80,596
57 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 840,998841.0k $29.7m $29.7m 0.01% Reduced -15.1k -15,101
58 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.46% of their portfolio MISSISSAUGA, A6 827,495827.5k $29.2m $29.2m 3.46% Reduced -15.8k -15,758
59 Fiera Capital Corp 0.08% of their portfolio MONTREAL, A8 806,614806.6k $28.5m $28.5m 0.08% Reduced -82.8k -82,812
60 Federation des caisses Desjardins du Quebec 0.27% of their portfolio LEVIS, A8 790,435790.4k $37.0m $37.0m 0.27% Added +1.6k +1,584
61 Maryland State Retirement & Pension System 0.49% of their portfolio BALTIMORE, MD 724,987725.0k $24.6m $24.6m 0.49% Added +4.5k +4,480
62 TWO SIGMA ADVISERS, LP 0.06% of their portfolio NEW YORK, NY 711,983712.0k $25.2m $25.2m 0.06% Added +359.0k +359,000
63 Man Group plc 0.07% of their portfolio LONDON, X0 687,863687.9k $24.3m $24.3m 0.07% Added +291.9k +291,933
64 CANADA LIFE ASSURANCE Co 0.05% of their portfolio WINNIPEG, A2 681,862681.9k $24.1m $24.1m 0.05% Reduced -1.8m -1,773,955
65 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 679,481679.5k $24.0m $24.0m 0.02% New
66 JENNISON ASSOCIATES LLC 0.02% of their portfolio NEW YORK, NY 662,544662.5k $23.4m $23.4m 0.02% Added +33.5k +33,495
67 Addenda Capital Inc. 1.15% of their portfolio MONTREAL, A8 635,252635.3k $30.4m $30.4m 1.15% Reduced -25.1k -25,150
68 Zimmer Partners, LP 0.48% of their portfolio NEW YORK, NY 625,000625.0k $22.1m $22.1m 0.48% Added +400.0k +400,000
69 INTACT INVESTMENT MANAGEMENT INC. 0.86% of their portfolio MONTREAL, A8 617,564617.6k $21.8m $21.8m 0.86% Reduced -307.5k -307,500
70 SIR Capital Management, L.P. 2.03% of their portfolio NEW YORK, NY 570,900570.9k $20.2m $20.2m 2.03% Added +159.3k +159,300
71 Tortoise Index Solutions, LLC 3.79% of their portfolio OVERLAND PARK, KS 533,672533.7k $18.8m $18.8m 3.79% Reduced -101.0k -100,974
72 Triasima Portfolio Management inc. 1.56% of their portfolio MONTREAL, A8 525,941525.9k $18.6m $18.6m 1.56% Added +24.8k +24,821
73 Zurcher Kantonalbank (Zurich Cantonalbank) 0.06% of their portfolio ZURICH, V8 515,332515.3k $18.2m $18.2m 0.06% Added +394.4k +394,437
74 GUARDIAN CAPITAL LP 0.63% of their portfolio TORONTO, A6 509,626509.6k $18.0m $18.0m 0.63% Added +21.6k +21,625
75 Brookfield Corp /ON/ 0.11% of their portfolio TORONTO, A6 509,211509.2k $18.0m $18.0m 0.11% Reduced -416.8k -416,774
76 Varma Mutual Pension Insurance Co 0.15% of their portfolio Varma, H9 498,300498.3k $17.6m $17.6m 0.15% New
77 JARISLOWSKY, FRASER Ltd 0.10% of their portfolio MONTREAL, A8 496,971497.0k $17.6m $17.6m 0.10% Reduced -8.5k -8,513
78 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 462,833462.8k $16.4m $16.4m 0.00% Reduced -135.6k -135,604
79 BlackRock Inc. 0.00% of their portfolio New York, NY 459,020459.0k $16.2m $16.2m 0.00% Added +17.7k +17,711
80 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 423,428423.4k $15.0m $15.0m 0.02% Reduced -158.0k -157,983
81 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 409,122409.1k $14.5m $14.5m 0.01% Added +35.3k +35,318
82 UBS Group AG 0.00% of their portfolio ZURICH, V8 395,110395.1k $14.0m $14.0m 0.00% Added +16.7k +16,695
83 MILLER HOWARD INVESTMENTS INC /NY 0.42% of their portfolio KINGSTON, NY 358,254358.3k $12.7m $12.7m 0.42% Reduced -1.9k -1,908
84 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 342,619342.6k $12.1m $12.1m 0.02% Added +84.8k +84,800
85 Quadrature Capital Ltd 0.21% of their portfolio LONDON, X0 341,300341.3k $12.0m $12.0m 0.21% Reduced -45.0k -45,025
86 Catalyst Capital Advisors LLC 0.27% of their portfolio San Juan, PR 319,837319.8k $11.3m $11.3m 0.27% Added +1.3k +1,286
87 State of Tennessee, Department of Treasury 0.04% of their portfolio NASHVILLE, TN 314,331314.3k $11.1m $11.1m 0.04% Unchanged
88 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 292,062292.1k $10.3m $10.3m 0.02% Reduced -5.4k -5,361
89 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 286,904286.9k $10.1m $10.1m 0.00% Reduced -448 -448
90 MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 3.03% of their portfolio MILWAUKEE, WI 267,679267.7k $9.5m $9.5m 3.03% Reduced -26.9k -26,950
91 CIBC Private Wealth Group LLC 0.02% of their portfolio ATLANTA, GA 257,831257.8k $9.1m $9.1m 0.02% Added +34.3k +34,314
92 Harvest Portfolios Group Inc. 0.35% of their portfolio Oakville, A6 253,117253.1k $8.9m $8.9m 0.35% Reduced -15.1k -15,066
93 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 246,907246.9k $8.8m $8.8m 0.01% Reduced -10.2k -10,159
94 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.41% of their portfolio BALA CYNWYD, PA 245,800245.8k $8.7m $8.7m 0.41% New
95 GUARDIAN CAPITAL ADVISORS LP 0.91% of their portfolio TORONTO, A6 244,427244.4k $8.5m $8.5m 0.91% Added +9.3k +9,322
96 CIDEL ASSET MANAGEMENT INC 0.65% of their portfolio TORONTO, A6 242,843242.8k $8.6m $8.6m 0.65% Added +1.6k +1,574
97 Onex Canada Asset Management Inc. 0.80% of their portfolio TORONTO, A6 226,034226.0k $8.0m $8.0m 0.80% Reduced -15.6k -15,575
98 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 225,757225.8k $8.0m $8.0m 0.01% New
99 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 216,483216.5k $7.6m $7.6m 0.01% Added +446 +446
100 Korea Investment CORP 0.02% of their portfolio SEOUL, M5 207,654207.7k $7.3m $7.3m 0.02% Reduced -105.6k -105,583