National Bank of Canada’s Pembina Pipeline PBA Stock Holding History

National Bank of Canada’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	$256M	Buy	5,754,268 +597,009	+12%	+$25.3M	0.23%	77
2025 Q4	$196M	Buy	5,157,259 +1,886,120	+58%	+$72.5M	0.18%	107
2025 Q3	$132M	Sell	3,271,139 -2,853,663	-47%	-$108M	0.13%	138
2025 Q2	$230M	Buy	6,124,802 +170,931	+3%	+$6.45M	0.22%	91
2025 Q1	$238M	Buy	5,953,871 +917,921	+18%	+$34.4M	0.25%	85
2024 Q4	$186M	Buy	5,035,950 +1,490,078	+42%	+$60.8M	0.2%	100
2024 Q3	$146M	Sell	3,545,872 -157,930	-4%	-$6.17M	0.17%	121
2024 Q2	$136M	Sell	3,703,802 -291,836	-7%	-$10.6M	0.19%	98
2024 Q1	$147M	Sell	3,995,638 -2,066,936	-34%	-$71.3M	0.22%	82
2023 Q4	$207M	Sell	6,062,574 -309,315	-5%	-$9.91M	0.33%	65
2023 Q3	$186M	Buy	6,371,889 +34,475	+0.5%	+$1.06M	0.28%	84
2023 Q2	$199M	Sell	6,337,414 -1,407,599	-18%	-$44.9M	0.36%	58
2023 Q1	$251M	Buy	7,745,013 +371,913	+5%	+$12.5M	0.62%	34
2022 Q4	$250M	Buy	7,373,100 +5,424,965	+278%	+$182M	0.64%	29
2022 Q3	$59.2M	Buy	1,948,135 +8,056	+0.4%	+$287K	0.32%	70
2022 Q2	$68.4M	Buy	1,940,079 +74,651	+4%	+$2.87M	0.31%	79
2022 Q1	$70.5M	Buy	1,865,428 +158,195	+9%	+$5.34M	0.21%	99
2021 Q4	$51.7M	Buy	+1,707,233	New	+$54.4M	0.18%	106

Other funds holding PBA

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

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 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

National Bank of Canada's PBA Position: Q1 2026 in Review

National Bank of Canada increased its Pembina Pipeline (PBA) stake by 12% in Q1 2026, buying an estimated $25.3M and bringing the position to 5,754,268 shares worth $256M. The position accounts for 0.23% of the portfolio, ranked #77.

National Bank of Canada first reported a position in PBA in Q4 2021 and has held it in 18 quarters since. 429 funds tracked by Wall St. Rank hold PBA as of Q1 2026.

National Bank of Canada held 5,754,268 shares of Pembina Pipeline worth $256M as of Q1 2026.
National Bank of Canada bought 597,009 Pembina Pipeline shares in Q1 2026, an estimated $25.3M.
Pembina Pipeline made up 0.23% of National Bank of Canada's portfolio in Q1 2026, its #77 holding.
National Bank of Canada first reported a position in Pembina Pipeline in Q4 2021 and has held it in 18 quarters since.
429 funds tracked by Wall St. Rank held Pembina Pipeline as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.