Mackenzie Financial
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Mackenzie Financial’s Pembina Pipeline PBA Stock Holding History

Mackenzie Financial’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 		$371M Sell
8,281,681
-2,631,884
-24% -$112M 0.44% 52
2025
Q4 		$416M Sell
10,913,565
-885,758
-8% -$34.1M 0.49% 44
2025
Q3 		$477M Sell
11,799,323
-987,986
-8% -$37.3M 0.58% 41
2025
Q2 		$480M Sell
12,787,309
-529,625
-4% -$20M 0.62% 41
2025
Q1 		$533M Sell
13,316,934
-613,913
-4% -$23M 0.76% 34
2024
Q4 		$514M Buy
13,930,847
+1,331,294
+11% +$54.3M 0.7% 37
2024
Q3 		$519M Buy
12,599,553
+1,215,167
+11% +$47.5M 0.72% 36
2024
Q2 		$422M Sell
11,384,386
-873,757
-7% -$31.6M 0.63% 40
2024
Q1 		$433M Sell
12,258,143
-393,972
-3% -$13.6M 0.62% 40
2023
Q4 		$436M Buy
12,652,115
+680,945
+6% +$21.8M 0.66% 38
2023
Q3 		$344M Buy
11,971,170
+534,743
+5% +$16.5M 0.58% 41
2023
Q2 		$360M Buy
11,436,427
+160,750
+1% +$5.13M 0.55% 45
2023
Q1 		$365M Buy
11,275,677
+440,185
+4% +$14.9M 0.56% 45
2022
Q4 		$367M Buy
10,835,492
+679,729
+7% +$22.8M 0.61% 39
2022
Q3 		$308M Buy
10,155,763
+42,367
+0.4% +$1.51M 0.53% 42
2022
Q2 		$357M Buy
10,113,396
+2,143,489
+27% +$82.5M 0.57% 40
2022
Q1 		$300M Buy
7,969,907
+501,938
+7% +$17M 0.4% 59
2021
Q4 		$227M Sell
7,467,969
-179,277
-2% -$5.71M 0.31% 83
2021
Q3 		$242M Sell
7,647,246
-758,553
-9% -$23.9M 0.34% 70
2021
Q2 		$267M Sell
8,405,799
-580,424
-6% -$18.2M 0.37% 71
2021
Q1 		$259M Buy
8,986,223
+2,582,865
+40% +$71.8M 0.4% 65
2020
Q4 		$151M Sell
6,403,358
-978,919
-13% -$23M 0.33% 96
2020
Q3 		$157M Buy
7,382,277
+141,523
+2% +$3.48M 0.39% 76
2020
Q2 		$180M Sell
7,240,754
-2,038,955
-22% -$47.2M 0.48% 57
2020
Q1 		$173M Buy
9,279,709
+415,679
+5% +$13.7M 0.56% 47
2019
Q4 		$329M Buy
8,864,030
+2,260,351
+34% +$80.9M 0.81% 29
2019
Q3 		$245M Buy
6,603,679
+790,091
+14% +$29.3M 0.64% 42
2019
Q2 		$216M Buy
5,813,588
+274,003
+5% +$9.98M 0.56% 50
2019
Q1 		$204M Sell
5,539,585
-1,165,876
-17% -$41.3M 0.49% 55
2018
Q4 		$199M Sell
6,705,461
-209,644
-3% -$6.95M 0.52% 51
2018
Q3 		$235M Sell
6,915,105
-1,044,367
-13% -$36.3M 0.57% 43
2018
Q2 		$275M Sell
7,959,472
-495,883
-6% -$16.6M 0.7% 36
2018
Q1 		$264M Sell
8,455,355
-439,172
-5% -$14.6M 0.67% 36
2017
Q4 		$322M Buy
8,894,527
+2,294,315
+35% +$79.4M 0.78% 32
2017
Q3 		$232M Buy
6,600,212
+340,957
+5% +$11.4M 1.25% 16
2017
Q2 		$207M Buy
6,259,255
+1,583,919
+34% +$51.3M 1.15% 19
2017
Q1 		$148M Buy
4,675,336
+107,282
+2% +$3.41M 0.87% 26
2016
Q4 		$143M Buy
4,568,054
+762,531
+20% +$23M 0.85% 29
2016
Q3 		$116M Sell
3,805,523
-271,872
-7% -$8.18M 0.72% 39
2016
Q2 		$124M Buy
+4,077,395
New +$119M 0.7% 37
2016
Q1 		– Sell
-2,699,801
Closed -$58.9M – 859
2015
Q4 		$58.9M Buy
2,699,801
+1,171,107
+77% +$28.1M 0.37% 68
2015
Q3 		$36.9M Buy
1,528,694
+76,350
+5% +$2.14M 0.22% 99
2015
Q2 		$47.2M Buy
1,452,344
+14,699
+1% +$492K 0.26% 93
2015
Q1 		$45.5M Buy
1,437,645
+23,007
+2% +$740K 0.24% 100
2014
Q4 		$51.5M Buy
1,414,638
+16,536
+1% +$627K 0.26% 90
2014
Q3 		$58.8M Sell
1,398,102
-2,609
-0.2% -$115K 0.29% 79
2014
Q2 		$60.3M Buy
1,400,711
+14,219
+1% +$570K 0.28% 85
2014
Q1 		$52.6M Buy
1,386,492
+696,900
+101% +$24.6M 0.26% 91
2013
Q4 		$24.3M Buy
689,592
+80,991
+13% +$2.66M 0.12% 167
2013
Q3 		$20.2M Buy
608,601
+7,317
+1% +$230K 0.1% 184
2013
Q2 		$18.4M Buy
+601,284
New +$19.2M 0.09% 200

Other funds holding PBA

Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
CIBC World Market
CIBC World Market Toronto, Ontario, Canada $61.3B AUM 39.33% 1-Year Est. Return
1832 Asset Management
1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return
ClearBridge Investments
ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
SC
Scotia Capital Toronto, Ontario, Canada $24.3B AUM 29.21% 1-Year Est. Return
TD Asset Management
TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

Mackenzie Financial's PBA Position: Q1 2026 in Review

Mackenzie Financial reduced its Pembina Pipeline (PBA) stake by 24% in Q1 2026, selling an estimated $112M and leaving 8,281,681 shares worth $371M. The position accounts for 0.44% of the portfolio, ranked #52.

Mackenzie Financial first reported a position in PBA in Q2 2013 and has held it in 51 quarters since. The position peaked at $533M in Q1 2025. 429 funds tracked by Wall St. Rank hold PBA as of Q1 2026.

  • Mackenzie Financial held 8,281,681 shares of Pembina Pipeline worth $371M as of Q1 2026.
  • Mackenzie Financial sold 2,631,884 Pembina Pipeline shares in Q1 2026, an estimated $112M.
  • Pembina Pipeline made up 0.44% of Mackenzie Financial's portfolio in Q1 2026, its #52 holding.
  • Mackenzie Financial first reported a position in Pembina Pipeline in Q2 2013 and has held it in 51 quarters since.
  • Mackenzie Financial's Pembina Pipeline position peaked at $533M in Q1 2025.
  • 429 funds tracked by Wall St. Rank held Pembina Pipeline as of Q1 2026.

Based on Mackenzie Financial's 13F filing for Q1 2026, filed 13 May 2026.