Shell Asset Management’s Pembina Pipeline PBA Stock Holding History

Shell Asset Management’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
2025 Q3	$894K	Sell	22,118 -12,140	-35%	-$458K	0.09%	250
2025 Q2	$1.28M	Buy	34,258 +18,570	+118%	+$701K	0.04%	336
2025 Q1	$627K	Sell	15,688 -19,991	-56%	-$750K	0.03%	401
2024 Q4	$1.32M	Sell	35,679 -800	-2%	-$32.6K	0.06%	266
2024 Q3	$1.5M	Buy	+36,479	New	+$1.43M	0.07%	243
2024 Q1	$612K	Sell	16,488 -13,400	-45%	-$462K	0.03%	410
2023 Q4	$1.03M	Buy	29,888 +17,740	+146%	+$568K	0.05%	323
2023 Q3	$367K	Sell	12,148 -200	-2%	-$6.16K	0.02%	690
2023 Q2	$389K	Sell	12,348 -1,900	-13%	-$60.7K	0.02%	676
2023 Q1	$461K	Hold	14,248	–	–	0.02%	589
2022 Q4	$483K	Sell	14,248 -2,200	-13%	-$73.8K	0.02%	552
2022 Q3	$502K	Sell	16,448 -5,500	-25%	-$196K	0.02%	565
2022 Q2	$774K	Sell	21,948 -13,700	-38%	-$528K	0.02%	507
2022 Q1	$1.34M	Sell	35,648 -700	-2%	-$23.6K	0.03%	413
2021 Q4	$1.1M	Buy	36,348 +10,800	+42%	+$344K	0.02%	522
2021 Q3	$810K	Sell	25,548 -800	-3%	-$25.2K	0.02%	608
2021 Q2	$838K	Sell	26,348 -3,953	-13%	-$124K	0.02%	651
2021 Q1	$875K	Buy	30,301 +291	+1%	+$8.09K	0.02%	589
2020 Q4	$709K	Sell	30,010 -6,812	-18%	-$160K	0.01%	628
2020 Q3	$779K	Buy	36,822 +2,200	+6%	+$54K	0.02%	516
2020 Q2	$863K	Sell	34,622 -58,400	-63%	-$1.35M	0.02%	477
2020 Q1	$1.73M	Sell	93,022 -12,400	-12%	-$407K	0.05%	329
2019 Q4	$3.91M	Buy	105,422 +64,524	+158%	+$2.31M	0.08%	270
2019 Q3	$1.52M	Sell	40,898 -1,000	-2%	-$37.1K	0.03%	407
2019 Q2	$1.56M	Sell	41,898 -1,645	-4%	-$59.9K	0.03%	413
2019 Q1	$1.6M	Buy	43,543 +600	+1%	+$21.2K	0.04%	394
2018 Q4	$1.27M	Sell	42,943 -8,000	-16%	-$265K	0.03%	428
2018 Q3	$1.73M	Sell	50,943 -1,200	-2%	-$41.7K	0.03%	429
2018 Q2	$1.8M	Buy	52,143 +4,000	+8%	+$134K	0.04%	428
2018 Q1	$1.5M	Hold	48,143	–	–	0.03%	483
2017 Q4	$1.75M	Buy	48,143 +12,239	+34%	+$423K	0.03%	427
2017 Q3	$1.57M	Buy	35,904 +1,900	+6%	+$63.4K	0.04%	433
2017 Q2	$1.47M	Hold	34,004	–	–	0.03%	478
2017 Q1	$1.43M	Sell	34,004 -5,200	-13%	-$165K	0.03%	483
2016 Q4	$1.65M	Sell	39,204 -1,600	-4%	-$48.4K	0.04%	454
2016 Q3	$1.63M	Buy	40,804 +400	+1%	+$12K	0.03%	480
2016 Q2	$1.59M	Buy	40,404 +3,774	+10%	+$110K	0.04%	450
2016 Q1	$1.29M	Sell	36,630 -500	-1%	-$11.7K	0.03%	489
2015 Q4	$1.12M	Sell	37,130 -85,056	-70%	-$2.04M	0.03%	520
2015 Q3	$5.76M	Buy	122,186 +68,556	+128%	+$1.92M	0.09%	198
2015 Q2	$2.17M	Sell	53,630 -10,331	-16%	-$346K	0.04%	405
2015 Q1	$2.56M	Sell	63,961 -7,800	-11%	-$251K	0.04%	383
2014 Q4	$3.04M	Sell	71,761 -50,425	-41%	-$1.91M	0.05%	352
2014 Q3	$5.76M	Sell	122,186 -1,500	-1%	-$66.1K	0.09%	205
2014 Q2	$5.68M	Sell	123,686 -74,808	-38%	-$3M	0.09%	215
2014 Q1	$8.33M	Buy	198,494 +14,036	+8%	+$496K	0.14%	156
2013 Q4	$6.9M	Sell	184,458 -5,297	-3%	-$174K	0.12%	175
2013 Q3	$6.48M	Sell	189,755 -2,167	-1%	-$68.1K	0.12%	195
2013 Q2	$6.18M	Buy	+191,922	New	+$6.13M	0.12%	192

Other funds holding PBA

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

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

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

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

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

JFL

Jarislowsky, Fraser Ltd Montreal, Quebec, Canada $18.2B AUM 22.04% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Shell Asset Management's PBA Position: Q3 2025 in Review

Shell Asset Management reduced its Pembina Pipeline (PBA) stake by 35% in Q3 2025, selling an estimated $458K and leaving 22,118 shares worth $894K. The position accounts for 0.09% of the portfolio, ranked #250.

Shell Asset Management first reported a position in PBA in Q2 2013 and has held it in 49 quarters since. The position peaked at $8.33M in Q1 2014. 401 funds tracked by Wall St. Rank hold PBA as of Q3 2025.

Shell Asset Management held 22,118 shares of Pembina Pipeline worth $894K as of Q3 2025.
Shell Asset Management sold 12,140 Pembina Pipeline shares in Q3 2025, an estimated $458K.
Pembina Pipeline made up 0.09% of Shell Asset Management's portfolio in Q3 2025, its #250 holding.
Shell Asset Management first reported a position in Pembina Pipeline in Q2 2013 and has held it in 49 quarters since.
Shell Asset Management's Pembina Pipeline position peaked at $8.33M in Q1 2014.
401 funds tracked by Wall St. Rank held Pembina Pipeline as of Q3 2025.

Based on Shell Asset Management's 13F filing for Q3 2025, filed 7 Nov 2025.