PEMBINA PIPELINE CORP PBA
COM · Common Stock · CUSIP 706327103 · ISIN CA7063271034
Transportation, midstream and gas service provider
- SectorEnergy
- IndustryOil & Gas Field Exploration Services
- HeadquartersCalgary, Canada
- Founded1954
- Websitepembina.com
- FilingsSEC EDGAR
* 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 ($283.9m this quarter). Holder counts are more reliable. Shares outstanding: 580.6m as of 2024-12-31, 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 ≈ $41.36. Options: 13 managers hold calls ($83.3m notional), 14 hold puts ($421.5m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 364 |
| Q4 2022 | 373 |
| Q1 2023 | 372 |
| Q2 2023 | 370 |
| Q3 2023 | 352 |
| Q4 2023 | 369 |
| Q1 2024 | 393 |
| Q2 2024 | 384 |
| Q3 2024 | 393 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 160 | 143 |
| Q1 2023 | 155 | 156 |
| Q2 2023 | 157 | 170 |
| Q3 2023 | 152 | 160 |
| Q4 2023 | 165 | 158 |
| Q1 2024 | 187 | 155 |
| Q2 2024 | 171 | 159 |
| Q3 2024 | 174 | 167 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $128.9m | $433.4m | 3.36 |
| Q1 2024 | $192.3m | $268.8m | 1.40 |
| Q2 2024 | $135.0m | $336.2m | 2.49 |
| Q3 2024 | $83.3m | $421.5m | 5.06 |
Biggest buyers
| FIL Ltd | Added | +7.7m |
| TD Asset Management Inc | Added | +1.7m |
| VANGUARD GROUP INC | Added | +1.7m |
| BANK OF AMERICA CORP /DE/ | Added | +1.6m |
| Federation des caisses Desjardins du Quebec | Added | +1.3m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +1.3m |
| MUFG SECURITIES (CANADA), LTD. | Added | +1.3m |
| JPMORGAN CHASE & CO | Added | +1.2m |
| 1832 Asset Management L.P. | Added | +1.2m |
| MACKENZIE FINANCIAL CORP | Added | +1.2m |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -6.0m |
| BANK OF NOVA SCOTIA | Reduced | -4.9m |
| CIBC WORLD MARKET INC. | Reduced | -4.8m |
| ROYAL BANK OF CANADA | Reduced | -4.7m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -1.6m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -1.5m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.4m |
| DEUTSCHE BANK AG\ | Reduced | -1.4m |
| TORONTO DOMINION BANK | Reduced | -769.6k |
| Quadrature Capital Ltd | Sold out | -713.0k |
Biggest calls
| SIG North Trading, ULC | Reduced | $20.0m485.2k shares |
| D. E. Shaw & Co., Inc. | Added | $13.6m330.0k shares |
| BANK OF MONTREAL /CAN/ | Added | $12.1m293.3k shares |
| ROYAL BANK OF CANADA | Reduced | $10.7m259.5k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $10.3m250.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $8.2m200.0k shares |
| JANE STREET GROUP, LLC | Reduced | $3.4m83.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.0m48.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m36.6k shares |
| WOLVERINE TRADING, LLC | New | $777.9k18.9k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $185.8m4.5m shares |
| SIG North Trading, ULC | Added | $98.5m2.4m shares |
| JANE STREET GROUP, LLC | Reduced | $59.5m1.4m shares |
| CIBC WORLD MARKET INC. | Reduced | $24.3m590.0k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $20.9m375.0k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $9.5m230.0k shares |
| D. E. Shaw & Co., Inc. | Added | $9.5m230.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $8.2m200.0k shares |
| CITADEL ADVISORS LLC | Added | $2.6m63.8k shares |
| Genus Capital Management Inc. | Reduced | $2.0m48.6k 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 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.39% of their portfolio | 43.0m $1.8bn | Reduced -4.7m |
| BANK OF MONTREAL /CAN/ 0.51% of their portfolio | 26.5m $1.1bn | Added +1.1m |
| VANGUARD GROUP INC 0.02% of their portfolio | 24.1m $994.1m | Added +1.7m |
| FIL Ltd 0.73% of their portfolio | 19.4m $799.6m | Added +7.7m |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 13.8m $570.5m | Reduced -1.4m |
| MACKENZIE FINANCIAL CORP 0.72% of their portfolio | 12.6m $519.4m | Added +1.2m |
| CIBC WORLD MARKET INC. 1.02% of their portfolio | 11.0m $453.8m | Reduced -4.8m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.33% of their portfolio | 8.4m $346.1m | Unchanged |
| BANK OF NOVA SCOTIA 0.69% of their portfolio | 8.3m $340.5m | Reduced -4.9m |
| TORONTO DOMINION BANK 0.60% of their portfolio | 8.2m $336.9m | Reduced -769.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 8.1m $334.0m | Added +1.2m |
| Blackstone Inc. 1.43% of their portfolio | 7.6m $314.4m | Reduced -122.5k |
| TD Asset Management Inc 0.23% of their portfolio | 6.4m $266.0m | Added +1.7m |
| CIBC Asset Management Inc 0.86% of their portfolio | 6.4m $264.3m | Added +481.3k |
| Connor, Clark & Lunn Investment Management Ltd. 1.24% of their portfolio | 6.2m $256.2m | Reduced -1.5m |
| ClearBridge Investments Ltd 6.41% of their portfolio | 6.2m $256.2m | Reduced -343.0k |
| Legal & General Group Plc 0.05% of their portfolio | 4.9m $201.9m | Reduced -26.4k |
| SCOTIA CAPITAL INC. 1.08% of their portfolio | 4.9m $201.2m | Added +24.7k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 2.21% of their portfolio | 4.2m $171.5m | Reduced -383.0k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 4.37% of their portfolio | 4.2m $171.4m | Added +550.5k |
| NORGES BANK 0.02% of their portfolio | 4.0m $163.5m | Added +358.8k |
| NATIONAL BANK OF CANADA /FI/ 0.19% of their portfolio | 3.5m $146.2m | Reduced -157.9k |
| MORGAN STANLEY 0.01% of their portfolio | 3.5m $143.6m | Reduced -274.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.2m $134.0m | Added +1.6m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 3.2m $131.3m | Reduced -6.0m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio | 3.2m $130.5m | Added +1.3m |
| Capital World Investors 0.02% of their portfolio | 3.2m $130.4m | Added +5.0k |
| Cardinal Capital Management, Inc. 4.90% of their portfolio | 2.9m $119.0m | Reduced -1.8k |
| 1832 Asset Management L.P. 0.20% of their portfolio | 2.8m $117.2m | Added +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.7m $113.5m | Added +252.0k |
| Federation des caisses Desjardins du Quebec 0.53% of their portfolio | 2.6m $107.4m | Added +1.3m |
| Amundi 0.04% of their portfolio | 2.6m $108.9m | Reduced -3.7k |
| DekaBank Deutsche Girozentrale 0.17% of their portfolio | 2.2m $89.9m | Reduced -1.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.20% of their portfolio | 2.2m $88.9m | Added +277.9k |
| INTACT INVESTMENT MANAGEMENT INC. 2.71% of their portfolio | 2.0m $81.5m | Added +897.9k |
| Alberta Investment Management Corp 0.65% of their portfolio | 1.8m $75.7m | Added +182.1k |
| Swiss National Bank 0.05% of their portfolio | 1.8m $72.4m | Added +13.8k |
| Recurrent Investment Advisors LLC 6.76% of their portfolio | 1.6m $68.0m | Added +41.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.74% of their portfolio | 1.6m $64.8m | Reduced -264.7k |
| MUFG SECURITIES (CANADA), LTD. 2.89% of their portfolio | 1.6m $64.6m | Added +1.3m |
| WESTWOOD HOLDINGS GROUP INC 0.27% of their portfolio | 1.5m $63.8m | Reduced -180.5k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.5m $66.3m | Reduced -293.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.5m $62.2m | Added +121.0k |
| Invesco Ltd. 0.01% of their portfolio | 1.5m $61.7m | Reduced -29.4k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.27% of their portfolio | 1.4m $58.0m | Reduced -23.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.3m $51.7m | Reduced -6.8k |
| UniSuper Management Pty Ltd 0.50% of their portfolio | 1.2m $66.8m | Unchanged |
| Fiera Capital Corp 0.15% of their portfolio | 1.2m $49.4m | Added +160.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.2m $48.9m | Reduced -523.8k |
| TD Waterhouse Canada Inc. 0.38% of their portfolio | 1.1m $46.8m | Added +217.2k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 1.1m $45.8m | Added +1.0m |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.0m $44.5m | Added +127.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 819.2k $33.8m | Reduced -15.2k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 816.0k $33.7m | Reduced -23.3k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.57% of their portfolio | 793.5k $32.7m | Reduced -23.5k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 772.3k $31.9m | Reduced -127.9k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 765.3k $31.6m | Added +532.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 759.5k $31.3m | Reduced -131.4k |
| Maryland State Retirement & Pension System 0.62% of their portfolio | 721.3k $29.7m | Added +16.9k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 670.9k $27.7m | Added +6.0k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 635.8k $26.2m | Reduced -14.0k |
| Addenda Capital Inc. 1.24% of their portfolio | 621.9k $34.7m | Added +15.7k |
| Man Group plc 0.07% of their portfolio | 606.7k $25.0m | Reduced -30.2k |
| UBS Group AG 0.01% of their portfolio | 576.5k $23.8m | Added +61.7k |
| FMR LLC 0.00% of their portfolio | 547.4k $22.6m | Added +510.9k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 536.5k $22.1m | Added +286.3k |
| BlackRock, Inc. 0.00% of their portfolio | 532.7k $22.0m | First filing |
| GUARDIAN CAPITAL LP 0.73% of their portfolio | 482.8k $19.9m | Reduced -9.3k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 480.2k $19.8m | Added +52.4k |
| Point72 Europe (London) LLP 1.65% of their portfolio | 474.6k $19.6m | Added +155.0k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 466.3k $19.2m | Reduced -178.0k |
| JARISLOWSKY, FRASER Ltd 0.11% of their portfolio | 461.7k $19.1m | Reduced -3.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 457.9k $18.9m | Reduced -18.1k |
| MILLER HOWARD INVESTMENTS INC /NY 0.56% of their portfolio | 439.8k $18.1m | Added +13.8k |
| Varma Mutual Pension Insurance Co 0.14% of their portfolio | 420.2k $17.6m | New |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 384.7k $15.9m | Added +199.4k |
| Triasima Portfolio Management inc. 3.24% of their portfolio | 349.5k $14.4m | Reduced -435.0k |
| Catalyst Capital Advisors LLC 0.32% of their portfolio | 349.4k $14.4m | Added +19.5k |
| Achmea Investment Management B.V. 0.23% of their portfolio | 333.4k $13.8m | New |
| Korea Investment CORP 0.03% of their portfolio | 332.3k $13.7m | Reduced -306.9k |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 332.1k $13.7m | Added +13.6k |
| AVIVA PLC 0.03% of their portfolio | 321.0k $13.2m | Added +8.5k |
| SIG North Trading, ULC 3.89% of their portfolio | 304.4k $12.6m | Added +191.9k |
| Hillsdale Investment Management Inc. 0.93% of their portfolio | 294.0k $12.1m | Added +52.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 293.9k $12.1m | Reduced -106.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 290.6k $12.0m | Added +4.9k |
| CIBC Private Wealth Group LLC 0.02% of their portfolio | 281.6k $11.6m | Reduced -6.6k |
| BANK OF NOVA SCOTIA TRUST CO 1.17% of their portfolio | 279.0k $11.5m | Added +70.6k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 267.2k $11.0m | Reduced -10.4k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 266.0k $11.0m | Added +1.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 263.5k $10.9m | Added +237.4k |
| Harvest Portfolios Group Inc. 0.36% of their portfolio | 261.4k $10.8m | Added +2.6k |
| CIDEL ASSET MANAGEMENT INC 0.73% of their portfolio | 251.5k $10.4m | Added +1.9k |
| GUARDIAN CAPITAL ADVISORS LP 0.96% of their portfolio | 233.4k $9.8m | Reduced -9.4k |
| MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 3.27% of their portfolio | 230.8k $9.5m | Reduced -29.5k |
| Sienna Gestion 0.62% of their portfolio | 227.4k $9.4m | Added +35.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 213.3k $8.8m | Added +72.1k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 208.9k $8.9m | Added +25.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 205.8k $8.5m | Added +5.8k |
| BAROMETER CAPITAL MANAGEMENT INC. 3.26% of their portfolio | 202.4k $11.3m | New |