Bank of Montreal’s Pembina Pipeline PBA Stock Holding History

Bank of Montreal’s Portfolio PBA Stock Details PBA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$6.52M	Buy	+145,600	New	+$6.17M	﹤0.01%	1222
2025 Q4	–	Sell	-900	Closed	-$36.4K	–	3778
2025 Q3	$36.4K	Buy	+900	New	+$34K	﹤0.01%	3188
2024 Q4	–	Sell	-5,600	Closed	-$231K	–	3845
2024 Q3	$231K	Buy	+5,600	New	+$219K	﹤0.01%	2952
2024 Q1	–	Sell	-1,550,000	Closed	-$53.4M	–	4216
2023 Q4	$53.4M	Hold	1,550,000	–	–	0.02%	457
2023 Q3	$47.9M	Hold	1,550,000	–	–	0.02%	432
2023 Q2	$48.9M	Hold	1,550,000	–	–	0.02%	418
2023 Q1	$50.2M	Hold	1,550,000	–	–	0.02%	382
2022 Q4	$53M	Hold	1,550,000	–	–	0.02%	367
2022 Q3	$55K	Sell	1,550,000 -10,000	-0.6%	-$357K	0.02%	344
2022 Q2	$61.2K	Buy	1,560,000 +1,360,000	+680%	+$52.4M	0.03%	342
2022 Q1	$7.56M	Buy	+200,000	New	+$6.75M	﹤0.01%	1277
2019 Q1	–	Sell	-898,968	Closed	-$26.7M	–	4626
2018 Q4	$26.7M	Hold	898,968	–	–	0.03%	484
2018 Q3	$30.6M	Hold	898,968	–	–	0.02%	514
2018 Q2	$31.1M	Hold	898,968	–	–	0.03%	477
2018 Q1	$28.1M	Hold	898,968	–	–	0.03%	509
2017 Q4	$32.5M	Buy	+898,968	New	+$31.1M	0.03%	469
2017 Q1	–	Sell	-2,500	Closed	-$74K	–	4146
2016 Q4	$74K	Buy	+2,500	New	+$75.6K	﹤0.01%	2968
2015 Q2	–	Sell	-4,000	Closed	-$127K	–	4065
2015 Q1	$127K	Hold	4,000	–	–	﹤0.01%	2536
2014 Q4	$146K	Sell	4,000 -94,000	-96%	-$3.57M	﹤0.01%	2603
2014 Q3	$4.13M	Buy	+98,000	New	+$4.32M	﹤0.01%	1158

Other funds holding PBA

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

CIBC World Market Toronto, Ontario, Canada $61.3B AUM 39.33% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Scotia Capital Toronto, Ontario, Canada $24.3B AUM 29.21% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $115B AUM 41.58% 1-Year Est. Return

Bank of Montreal's PBA Position: Q1 2026 in Review

Bank of Montreal reduced its Pembina Pipeline (PBA) stake by 18% in Q1 2026, selling an estimated $192M and leaving 21,078,687 shares worth $944M. The position accounts for 0.35% of the portfolio, ranked #62.

Bank of Montreal first reported a position in PBA in Q2 2013 and has held it in 52 quarters since. The position peaked at $1.09B in Q3 2024. 429 funds tracked by Wall St. Rank hold PBA as of Q1 2026.

Bank of Montreal held 21,078,687 shares of Pembina Pipeline worth $944M as of Q1 2026.
Bank of Montreal sold 4,530,196 Pembina Pipeline shares in Q1 2026, an estimated $192M.
Pembina Pipeline made up 0.35% of Bank of Montreal's portfolio in Q1 2026, its #62 holding.
Bank of Montreal first reported a position in Pembina Pipeline in Q2 2013 and has held it in 52 quarters since.
Bank of Montreal's Pembina Pipeline position peaked at $1.09B in Q3 2024.
429 funds tracked by Wall St. Rank held Pembina Pipeline as of Q1 2026.

Based on Bank of Montreal's 13F filing for Q1 2026, filed 13 May 2026.