Viking Fund Management’s Pembina Pipeline PBA Stock Holding History

Viking Fund 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 Q4	–	Sell	-70,000	Closed	-$2.83M	–	142
2025 Q3	$2.83M	Hold	70,000	–	–	0.34%	83
2025 Q2	$2.63M	Sell	70,000 -20,000	-22%	-$755K	0.36%	83
2025 Q1	$3.6M	Sell	90,000 -1,400	-2%	-$52.5K	0.52%	68
2024 Q4	$3.38M	Hold	91,400	–	–	0.53%	65
2024 Q3	$3.77M	Hold	91,400	–	–	0.61%	60
2024 Q2	$3.39M	Hold	91,400	–	–	0.61%	57
2024 Q1	$3.23M	Buy	91,400 +800	+0.9%	+$27.6K	0.58%	58
2023 Q4	$3.12M	Hold	90,600	–	–	0.61%	61
2023 Q3	$2.72M	Buy	90,600 +30,270	+50%	+$933K	0.55%	65
2023 Q2	$1.9M	Buy	60,330 +330	+0.6%	+$10.5K	0.36%	88
2023 Q1	$1.94M	Hold	60,000	–	–	0.37%	85
2022 Q4	$2.04M	Buy	60,000 +20,000	+50%	+$670K	0.4%	84
2022 Q3	$1.22M	Hold	40,000	–	–	0.29%	99
2022 Q2	$1.41M	Buy	40,000 +10,000	+33%	+$385K	0.33%	102
2022 Q1	$1.13M	Buy	+30,000	New	+$1.01M	0.26%	107
2021 Q2	–	Sell	-76,040	Closed	-$2.19M	–	121
2021 Q1	$2.19M	Sell	76,040 -22,360	-23%	-$621K	0.65%	55
2020 Q4	$2.33M	Buy	98,400 +400	+0.4%	+$9.4K	0.75%	51
2020 Q3	$2.08M	Buy	98,000 +40,000	+69%	+$983K	0.77%	49
2020 Q2	$1.45M	Buy	58,000 +55,300	+2,048%	+$1.28M	0.54%	63
2020 Q1	$51K	Sell	2,700 -1,000	-27%	-$32.9K	0.02%	116
2019 Q4	$137K	Hold	3,700	–	–	0.04%	111
2019 Q3	$137K	Hold	3,700	–	–	0.04%	114
2019 Q2	$138K	Sell	3,700 -21,000	-85%	-$765K	0.04%	114
2019 Q1	$908K	Hold	24,700	–	–	0.23%	89
2018 Q4	$733K	Buy	24,700 +16,200	+191%	+$537K	0.2%	91
2018 Q3	$289K	Buy	8,500 +1,500	+21%	+$52.1K	0.06%	124
2018 Q2	$242K	Hold	7,000	–	–	0.05%	123
2018 Q1	$219K	Buy	7,000 +1,000	+17%	+$33.1K	0.04%	118
2017 Q4	$217K	Buy	6,000 +4,400	+275%	+$152K	0.04%	117
2017 Q3	$56K	Sell	1,600 -1,000	-38%	-$33.4K	0.01%	120
2017 Q2	$86K	Buy	2,600 +100	+4%	+$3.24K	0.01%	122
2017 Q1	$79K	Buy	+2,500	New	+$79.5K	0.01%	124

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

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

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

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

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

CIBC Asset Management Toronto, Ontario, Canada $40.9B AUM 35.96% 1-Year Est. Return

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

Viking Fund Management's PBA Position: Q4 2025 in Review

Viking Fund Management sold out of Pembina Pipeline (PBA) in Q4 2025, closing a stake of 70,000 shares — an estimated $2.83M sold.

Viking Fund Management first reported a position in PBA in Q1 2017 and held it in 32 quarters. The position peaked at $3.77M in Q3 2024. 391 funds tracked by Wall St. Rank hold PBA as of Q4 2025.

Viking Fund Management reported no remaining Pembina Pipeline position as of Q4 2025 after selling out during the quarter.
Viking Fund Management sold 70,000 Pembina Pipeline shares in Q4 2025, an estimated $2.83M.
Viking Fund Management first reported a position in Pembina Pipeline in Q1 2017 and held it in 32 quarters.
Viking Fund Management's Pembina Pipeline position peaked at $3.77M in Q3 2024.
391 funds tracked by Wall St. Rank held Pembina Pipeline as of Q4 2025.

Based on Viking Fund Management's 13F filing for Q4 2025, filed 12 Jan 2026.