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 ($289.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.95. Options: 15 managers hold calls ($217.5m notional), 10 hold puts ($202.5m).
Trends to Q2 2026
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 |
| Q1 2025 | 420 |
| Q2 2025 | 407 |
| Q3 2025 | 401 |
| Q4 2025 | 394 |
| Q1 2026 | 432 |
| Q2 2026 | 433 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 174 | 167 |
| Q4 2024 | 166 | 168 |
| Q1 2025 | 206 | 162 |
| Q2 2025 | 188 | 183 |
| Q3 2025 | 182 | 167 |
| Q4 2025 | 171 | 169 |
| Q1 2026 | 204 | 157 |
| Q2 2026 | 189 | 187 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $146.7m | $339.5m | 2.31 |
| Q4 2025 | $158.9m | $332.9m | 2.09 |
| Q1 2026 | $227.2m | $207.3m | 0.91 |
| Q2 2026 | $217.5m | $202.5m | 0.93 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +6.7m |
| Clearbridge Investments, LLC | Added | +4.9m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +4.5m |
| ONTARIO TEACHERS PENSION PLAN BOARD | New | +2.3m |
| GOLDMAN SACHS GROUP INC | Added | +2.1m |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Added | +1.0m |
| FMR LLC | Added | +716.6k |
| Hillsdale Investment Management Inc. | Added | +694.8k |
| CIBC WORLD MARKET INC. | Added | +680.4k |
| MORGAN STANLEY | Added | +650.8k |
Biggest sellers
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -2.7m |
| CIBC Asset Management Inc | Reduced | -2.3m |
| Alberta Investment Management Corp | Reduced | -2.0m |
| 1832 Asset Management L.P. | Reduced | -1.8m |
| MACKENZIE FINANCIAL CORP | Reduced | -1.1m |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | Sold out | -999.5k |
| FIL Ltd | Reduced | -733.9k |
| Invesco Ltd. | Reduced | -684.8k |
| Nuveen, LLC | Reduced | -645.1k |
| D. E. Shaw & Co., Inc. | Reduced | -447.8k |
Biggest calls
| Periscope Capital Inc. | Reduced | $46.5m1.0m shares |
| TORONTO DOMINION BANK | Added | $44.3m958.5k shares |
| SIG North Trading, ULC | Added | $29.2m630.6k shares |
| ROYAL BANK OF CANADA | Reduced | $29.1m628.8k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $19.8m4.3k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $12.7m275.0k shares |
| CITADEL ADVISORS LLC | Added | $11.2m242.7k shares |
| JANE STREET GROUP, LLC | Added | $8.6m186.0k shares |
| PEAK6 LLC | Added | $7.4m160.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m111.8k shares |
Biggest puts
| TORONTO DOMINION BANK | Reduced | $72.9m1.6m shares |
| ROYAL BANK OF CANADA | Added | $68.7m1.5m shares |
| SIG North Trading, ULC | Reduced | $40.4m874.5k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $9.2m200.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $6.7m1.5k shares |
| CIBC WORLD MARKET INC. | New | $2.3m50.0k shares |
| Twin Tree Management, LP | Unchanged | $1.6m34.5k shares |
| JANE STREET GROUP, LLC | Added | $282.1k6.1k shares |
| IMC-Chicago, LLC | New | $245.1k5.3k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $120.2k2.6k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.36% of their portfolio | 45.4m $2.1bn | Added +6.7m |
| BANK OF MONTREAL /CAN/ 0.36% of their portfolio | 21.6m $998.9m | Added +532.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 16.7m $774.4m | Added +203.8k |
| Clearbridge Investments, LLC 0.51% of their portfolio | 13.3m $615.8m | Added +4.9m |
| CIBC WORLD MARKET INC. 1.01% of their portfolio | 13.0m $599.2m | Added +680.4k |
| 1832 Asset Management L.P. 0.56% of their portfolio | 10.0m $460.3m | Reduced -1.8m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 7.3m $336.0m | Added +2.1m |
| MACKENZIE FINANCIAL CORP 0.46% of their portfolio | 7.1m $468.1m | Reduced -1.1m |
| FIL Ltd 0.23% of their portfolio | 7.1m $326.3m | Reduced -733.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 6.5m $307.3m | Added +649.2k |
| SCOTIA CAPITAL INC. 1.09% of their portfolio | 6.3m $292.8m | Reduced -410.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio | 6.2m $285.7m | Reduced -2.7m |
| TD Asset Management Inc 0.24% of their portfolio | 5.9m $275.0m | Reduced -386.5k |
| NATIONAL BANK OF CANADA /FI/ 0.24% of their portfolio | 5.8m $268.4m | Added +55.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.15% of their portfolio | 5.7m $264.9m | Added +4.5m |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 5.7m $262.2m | Reduced -55.9k |
| NORGES BANK 0.03% of their portfolio | 5.5m $252.2m | Not comparable |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 5.2m $238.6m | Added +39.0k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 2.17% of their portfolio | 4.6m $213.9m | Added +640.5k |
| MORGAN STANLEY 0.01% of their portfolio | 4.6m $211.2m | Added +650.8k |
| Vanguard Global Advisers, LLC 0.10% of their portfolio | 4.5m $206.5m | Added +382.9k |
| Legal & General Group Plc 0.04% of their portfolio | 4.3m $199.2m | Reduced -131.0k |
| Amundi 0.04% of their portfolio | 3.9m $180.0m | Added +514.8k |
| BANK OF NOVA SCOTIA 0.26% of their portfolio | 3.8m $174.1m | Reduced -2.6k |
| Cardinal Capital Management, Inc. 4.06% of their portfolio | 3.6m $167.8m | Added +79.6k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 3.5m $160.4m | Added +139.0k |
| CIBC Asset Management Inc 0.34% of their portfolio | 3.4m $156.5m | Reduced -2.3m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.18% of their portfolio | 3.3m $153.4m | Added +188.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.2m $149.8m | Reduced -290.3k |
| TORONTO DOMINION BANK 0.21% of their portfolio | 2.8m $127.2m | Added +92.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.6m $119.2m | Reduced -328.7k |
| FMR LLC 0.00% of their portfolio | 2.4m $112.9m | Added +716.6k |
| TD Waterhouse Canada Inc. 0.29% of their portfolio | 2.4m $111.0m | Reduced -49.7k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.67% of their portfolio | 2.3m $106.0m | New |
| DekaBank Deutsche Girozentrale 0.17% of their portfolio | 2.2m $98.4m | Unchanged |
| KAYNE ANDERSON CAPITAL ADVISORS LP 1.92% of their portfolio | 2.1m $97.7m | Added +506.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.9m $89.9m | Added +117.8k |
| Swiss National Bank 0.05% of their portfolio | 1.9m $86.7m | Reduced -77.3k |
| INTACT INVESTMENT MANAGEMENT INC. 2.37% of their portfolio | 1.8m $83.4m | Added +101.2k |
| UniSuper Management Pty Ltd 0.59% of their portfolio | 1.7m $113.4m | Added +161.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.50% of their portfolio | 1.7m $79.1m | Added +1.0m |
| Invesco Ltd. 0.01% of their portfolio | 1.6m $73.7m | Reduced -684.8k |
| BCV Asset Management Inc. 2.23% of their portfolio | 1.6m $73.7m | Reduced -15.4k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 1.6m $71.9m | Added +252.7k |
| Recurrent Investment Advisors LLC 4.32% of their portfolio | 1.5m $69.6m | Added +4.0k |
| WESTWOOD HOLDINGS GROUP INC 0.47% of their portfolio | 1.4m $62.5m | Reduced -114.7k |
| Federation des caisses Desjardins du Quebec 0.19% of their portfolio | 1.3m $62.2m | Reduced -3.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.04% of their portfolio | 1.2m $56.7m | Added +138.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.2m $55.4m | Reduced -105.8k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 2.40% of their portfolio | 1.2m $53.6m | Reduced -199.0k |
| UBS Group AG 0.01% of their portfolio | 1.1m $49.5m | Added +323.3k |
| Hillsdale Investment Management Inc. 1.09% of their portfolio | 1.0m $47.6m | Added +694.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 961.4k $44.4m | Reduced -257.7k |
| BlackRock, Inc. 0.00% of their portfolio | 949.7k $43.9m | Added +149.8k |
| Nuveen, LLC 0.01% of their portfolio | 931.8k $43.1m | Reduced -645.1k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 903.6k $41.8m | Reduced -79.2k |
| Fiera Capital Corp 0.15% of their portfolio | 893.0k $41.2m | Reduced -37.7k |
| Blackstone Inc. 0.13% of their portfolio | 883.1k $40.8m | Reduced -69.9k |
| MUFG SECURITIES (CANADA), LTD. 1.02% of their portfolio | 822.3k $38.0m | Reduced -39.6k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 822.2k $38.0m | Reduced -447.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.49% of their portfolio | 799.6k $51.8m | Reduced -60.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 795.7k $36.8m | Added +510.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 743.5k $48.8m | Reduced -615 |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 741.9k $34.2m | Added +80.7k |
| NICOLA WEALTH MANAGEMENT LTD. 3.54% of their portfolio | 664.5k $30.7m | Unchanged |
| NEOS Investment Management LLC 0.11% of their portfolio | 653.2k $30.2m | Added +45.3k |
| Maryland State Retirement & Pension System 0.50% of their portfolio | 628.6k $29.1m | Reduced -84.2k |
| Public Sector Pension Investment Board 0.07% of their portfolio | 612.6k $28.3m | Added +556.6k |
| Addenda Capital Inc. 1.08% of their portfolio | 606.7k $39.8m | Added +1.1k |
| Vanguard Investments Australia, Ltd. 0.07% of their portfolio | 579.5k $26.8m | Added +15.3k |
| Purpose Unlimited Inc. 0.95% of their portfolio | 537.3k $24.9m | Reduced -55.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 530.1k $24.5m | Added +35.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 510.2k $23.6m | Added +246.4k |
| BANK OF NOVA SCOTIA TRUST CO 1.91% of their portfolio | 498.5k $23.1m | Reduced -32.3k |
| AVIVA PLC 0.03% of their portfolio | 495.4k $22.9m | Added +8.0k |
| MILLER HOWARD INVESTMENTS INC /NY 0.57% of their portfolio | 465.2k $21.5m | Reduced -102.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 456.6k $21.1m | Reduced -16.8k |
| BARCLAYS PLC 0.01% of their portfolio | 442.5k $20.5m | Added +174.3k |
| Harvest Portfolios Group Inc. 0.29% of their portfolio | 437.8k $20.3m | Added +401 |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 437.2k $20.2m | Added +75.4k |
| GUARDIAN CAPITAL LP 0.49% of their portfolio | 436.9k $20.2m | Reduced -9.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 362.9k $16.8m | Reduced -173.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 360.1k $16.7m | Reduced -143.3k |
| Catalyst Capital Advisors LLC 0.26% of their portfolio | 342.2k $15.8m | Reduced -27.9k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 334.0k $15.4m | Reduced -24.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 334.0k $15.5m | Reduced -130.6k |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 330.6k $15.3m | Added +17.1k |
| CIDEL ASSET MANAGEMENT INC 0.68% of their portfolio | 307.1k $14.2m | Added +55.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 303.2k $14.0m | Reduced -19.3k |
| Nykredit A/S 0.04% of their portfolio | 296.8k $13.7m | First filing |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 270.9k $12.5m | Reduced -174.9k |
| PJT Investments Corp. 4.18% of their portfolio | 267.1k $12.4m | Added +2.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 265.9k $12.3m | Added +5.5k |
| CIBC Bancorp USA Inc. 0.01% of their portfolio | 252.9k $11.7m | Added +4.9k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 251.1k $11.6m | Reduced -1.1k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 247.5k $11.4m | Added +54.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 240.7k $11.1m | Added +73.1k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 238.3k $11.0m | Reduced -2.9k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.16% of their portfolio | 224.1k $10.4m | Reduced -274 |
| Beutel, Goodman & Co Ltd. 0.07% of their portfolio | 216.3k $10.0m | Reduced -6.9k |