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 ($222.8m 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 ≈ $36.86. Options: 14 managers hold calls ($89.9m notional), 13 hold puts ($471.1m).
Trends to Q4 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 |
| Q4 2024 | 397 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 166 | 168 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $192.3m | $268.8m | 1.40 |
| Q2 2024 | $135.0m | $336.2m | 2.49 |
| Q3 2024 | $83.3m | $421.5m | 5.06 |
| Q4 2024 | $89.9m | $471.1m | 5.24 |
Biggest buyers
| MACKENZIE FINANCIAL CORP | Added | +29.2m |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Added | +3.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +2.0m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.5m |
| MORGAN STANLEY | Added | +1.3m |
| BANK OF AMERICA CORP /DE/ | Added | +1.2m |
| GOLDMAN SACHS GROUP INC | Added | +997.0k |
| Hillsdale Investment Management Inc. | Added | +995.7k |
| ROYAL BANK OF CANADA | Added | +947.1k |
| AGF MANAGEMENT LTD | Added | +929.2k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -4.4m |
| TORONTO DOMINION BANK | Reduced | -3.9m |
| Blackstone Inc. | Reduced | -2.9m |
| BANK OF MONTREAL /CAN/ | Reduced | -2.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.5m |
| BANK OF NOVA SCOTIA | Reduced | -1.2m |
| FIL Ltd | Reduced | -1.0m |
| ClearBridge Investments Ltd | Reduced | -973.8k |
| 1832 Asset Management L.P. | Reduced | -714.9k |
| MUFG SECURITIES (CANADA), LTD. | Reduced | -678.4k |
Biggest calls
| ROYAL BANK OF CANADA | Added | $21.2m573.0k shares |
| SIG North Trading, ULC | Reduced | $17.9m483.6k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $12.2m330.0k shares |
| TORONTO DOMINION BANK | New | $10.3m280.1k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $10.2m2.8k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $9.2m250.0k shares |
| JANE STREET GROUP, LLC | Added | $3.3m90.0k shares |
| WOLVERINE TRADING, LLC | Added | $2.1m57.8k shares |
| CITADEL ADVISORS LLC | Added | $1.5m40.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m38.6k shares |
Biggest puts
| ROYAL BANK OF CANADA | Reduced | $145.9m3.9m shares |
| SIG North Trading, ULC | Added | $88.5m2.4m shares |
| TORONTO DOMINION BANK | New | $83.4m2.3m shares |
| JANE STREET GROUP, LLC | Unchanged | $53.3m1.4m shares |
| NATIONAL BANK OF CANADA /FI/ | New | $26.9m7.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $22.9m432.0k shares |
| CIBC WORLD MARKET INC. | Unchanged | $21.8m590.0k shares |
| D. E. Shaw & Co., Inc. | Added | $12.2m330.0k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $8.5m230.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $7.4m200.0k 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 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.35% of their portfolio | 44.0m $1.6bn | Added +947.1k |
| MACKENZIE FINANCIAL CORP 0.67% of their portfolio | 41.8m $1.5bn | Added +29.2m |
| VANGUARD GROUP INC 0.02% of their portfolio | 24.9m $919.5m | Added +770.7k |
| BANK OF MONTREAL /CAN/ 0.45% of their portfolio | 24.4m $901.5m | Reduced -2.1m |
| FIL Ltd 0.64% of their portfolio | 18.4m $679.3m | Reduced -1.0m |
| DEUTSCHE BANK AG\ 0.21% of their portfolio | 14.2m $526.5m | Added +413.4k |
| CIBC WORLD MARKET INC. 0.93% of their portfolio | 10.9m $402.0m | Reduced -128.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.29% of their portfolio | 8.4m $309.5m | Unchanged |
| BANK OF NOVA SCOTIA 0.46% of their portfolio | 7.1m $262.5m | Reduced -1.2m |
| TD Asset Management Inc 0.22% of their portfolio | 6.8m $250.7m | Added +347.9k |
| Connor, Clark & Lunn Investment Management Ltd. 1.04% of their portfolio | 6.2m $230.6m | Added +32.5k |
| CIBC Asset Management Inc 0.71% of their portfolio | 5.9m $217.1m | Reduced -520.4k |
| ClearBridge Investments Ltd 5.08% of their portfolio | 5.2m $193.6m | Reduced -973.8k |
| NATIONAL BANK OF CANADA /FI/ 0.24% of their portfolio | 5.0m $186.1m | Added +1.5m |
| SCOTIA CAPITAL INC. 0.97% of their portfolio | 5.0m $183.6m | Added +85.1k |
| MORGAN STANLEY 0.01% of their portfolio | 4.8m $176.6m | Added +1.3m |
| Blackstone Inc. 0.83% of their portfolio | 4.7m $175.4m | Reduced -2.9m |
| NORGES BANK 0.02% of their portfolio | 4.7m $171.9m | Added +690.8k |
| Legal & General Group Plc 0.04% of their portfolio | 4.5m $167.5m | Reduced -358.0k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 4.4m $162.7m | Added +1.2m |
| TORONTO DOMINION BANK 0.30% of their portfolio | 4.2m $156.6m | Reduced -3.9m |
| TORTOISE CAPITAL ADVISORS, L.L.C. 2.01% of their portfolio | 4.2m $156.6m | Added +80.1k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 4.2m $154.5m | Added +997.0k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 3.54% of their portfolio | 4.1m $150.1m | Reduced -92.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.7m $138.3m | Reduced -4.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.5m $133.4m | Added +824.2k |
| Capital World Investors 0.02% of their portfolio | 3.2m $116.9m | Added +2.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.69% of their portfolio | 3.2m $116.4m | Added +3.0m |
| Cardinal Capital Management, Inc. 3.66% of their portfolio | 2.9m $107.7m | Added +37.6k |
| Federation des caisses Desjardins du Quebec 0.50% of their portfolio | 2.6m $97.5m | Added +40.1k |
| Amundi 0.03% of their portfolio | 2.6m $97.0m | Added +44.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.20% of their portfolio | 2.6m $96.7m | Added +460.6k |
| DekaBank Deutsche Girozentrale 0.15% of their portfolio | 2.2m $79.4m | Unchanged |
| 1832 Asset Management L.P. 0.14% of their portfolio | 2.1m $78.6m | Reduced -714.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 2.0m $73.1m | New |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.9m $71.8m | Added +435.8k |
| Alberta Investment Management Corp 0.43% of their portfolio | 1.7m $64.6m | Reduced -86.0k |
| INTACT INVESTMENT MANAGEMENT INC. 2.22% of their portfolio | 1.7m $63.6m | Reduced -255.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 1.7m $62.4m | Reduced -1.5m |
| Swiss National Bank 0.04% of their portfolio | 1.7m $62.2m | Reduced -68.2k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.11% of their portfolio | 1.7m $61.9m | Added +269.1k |
| Invesco Ltd. 0.01% of their portfolio | 1.6m $60.0m | Added +128.2k |
| Recurrent Investment Advisors LLC 5.52% of their portfolio | 1.6m $60.2m | Reduced -16.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.5m $57.1m | Added +38.6k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.64% of their portfolio | 1.4m $53.1m | Reduced -132.5k |
| Hillsdale Investment Management Inc. 2.41% of their portfolio | 1.3m $47.6m | Added +995.7k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 1.3m $47.3m | Added +643.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.2m $45.4m | Added +206.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.2m $43.4m | Reduced -9.3k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 1.1m $42.1m | Added +29.4k |
| WESTWOOD HOLDINGS GROUP INC 0.32% of their portfolio | 1.1m $42.2m | Reduced -405.7k |
| Fiera Capital Corp 0.13% of their portfolio | 1.1m $41.2m | Reduced -80.6k |
| AGF MANAGEMENT LTD 0.20% of their portfolio | 1.1m $40.0m | Added +929.2k |
| TD Waterhouse Canada Inc. 0.31% of their portfolio | 1.0m $38.6m | Reduced -79.0k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 1.0m $37.3m | Added +194.3k |
| UniSuper Management Pty Ltd 0.37% of their portfolio | 972.9k $51.7m | Reduced -225.1k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 898.5k $33.2m | Added +126.2k |
| MUFG SECURITIES (CANADA), LTD. 1.18% of their portfolio | 886.5k $32.7m | Reduced -678.4k |
| UBS Group AG 0.01% of their portfolio | 877.5k $32.4m | Added +301.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 858.5k $31.7m | Added +378.3k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 820.9k $30.3m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 805.0k $29.7m | Reduced -14.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 789.7k $29.2m | Reduced -462.1k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 3.45% of their portfolio | 771.5k $28.5m | Reduced -22.0k |
| Maryland State Retirement & Pension System 0.58% of their portfolio | 730.9k $27.0m | Added +9.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 712.2k $26.3m | Reduced -47.3k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 691.5k $25.5m | Added +20.5k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 617.0k $22.8m | Added +150.7k |
| Addenda Capital Inc. 1.13% of their portfolio | 604.4k $32.1m | Reduced -17.5k |
| BlackRock, Inc. 0.00% of their portfolio | 591.7k $21.9m | Added +59.0k |
| MILLER HOWARD INVESTMENTS INC /NY 0.67% of their portfolio | 552.1k $20.4m | Added +112.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 496.1k $18.3m | Added +38.1k |
| GUARDIAN CAPITAL LP 0.64% of their portfolio | 469.2k $17.3m | Reduced -13.7k |
| JARISLOWSKY, FRASER Ltd 0.10% of their portfolio | 456.6k $16.9m | Reduced -5.0k |
| Korea Investment CORP 0.04% of their portfolio | 440.8k $16.3m | Added +108.5k |
| HITE Hedge Asset Management LLC 1.17% of their portfolio | 433.8k $16.0m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 425.7k $15.7m | Added +135.2k |
| Achmea Investment Management B.V. 0.26% of their portfolio | 422.8k $15.6m | Added +89.4k |
| Man Group plc 0.05% of their portfolio | 401.6k $14.8m | Reduced -205.1k |
| Point72 Europe (London) LLP 0.83% of their portfolio | 388.9k $14.4m | Reduced -85.7k |
| Catalyst Capital Advisors LLC 0.30% of their portfolio | 377.3k $13.9m | Added +27.9k |
| AVIVA PLC 0.03% of their portfolio | 347.2k $12.8m | Added +26.2k |
| Quadrature Capital Ltd 0.26% of their portfolio | 346.4k $12.8m | New |
| BANK OF NOVA SCOTIA TRUST CO 1.32% of their portfolio | 337.4k $12.5m | Added +58.4k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 332.7k $12.3m | Added +691 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 308.9k $11.4m | Added +15.0k |
| CIBC Private Wealth Group LLC 0.02% of their portfolio | 284.8k $10.5m | Added +3.3k |
| Triasima Portfolio Management inc. 1.95% of their portfolio | 272.0k $10.0m | Reduced -77.5k |
| Varma Mutual Pension Insurance Co 0.08% of their portfolio | 271.0k $10.0m | Reduced -149.2k |
| Harvest Portfolios Group Inc. 0.33% of their portfolio | 270.5k $10.0m | Added +9.1k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 269.1k $9.9m | Added +3.1k |
| CIDEL ASSET MANAGEMENT INC 0.63% of their portfolio | 253.7k $9.4m | Added +2.2k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 250.1k $9.2m | Reduced -17.1k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.15% of their portfolio | 245.8k $9.1m | First filing |
| Yaupon Capital Management LP 0.57% of their portfolio | 244.3k $9.0m | New |
| FMR LLC 0.00% of their portfolio | 244.0k $9.0m | Reduced -303.4k |
| Guardian Partners Inc. 0.86% of their portfolio | 228.0k $8.4m | First filing |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 225.7k $8.3m | Added +16.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 215.1k $7.9m | Added +9.3k |
| CITIGROUP INC 0.01% of their portfolio | 213.8k $7.9m | Added +58.9k |