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Enbridge

1,386 hedge funds and large institutions have $51.6B invested in Enbridge in 2025 Q2 according to their latest regulatory filings, with 114 funds opening new positions, 498 increasing their positions, 482 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more first-time investments, than exits

New positions opened: 114 | Existing positions closed: 83

1.62% more ownership

Funds ownership: 50.45%52.07% (+1.6%)

3% more repeat investments, than reductions

Existing positions increased: 498 | Existing positions reduced: 482

3% more capital invested

Capital invested by funds: $50.3B → $51.6B (+$1.29B)

1% more funds holding

Funds holding: 1,3741,386 (+12)

4% less funds holding in top 10

Funds holding in top 10: 4543 (-2)

12% less call options, than puts

Call options by funds: $466M | Put options by funds: $527M

Holders
1,386
Holders Change
+12
Holders Change %
+0.87%
% of All Funds
18.25%
Holding in Top 10
43
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-4.44%
% of All Funds
0.57%
New
114
Increased
498
Reduced
482
Closed
83
Calls
$466M
Puts
$527M
Net Calls
-$60.6M
Net Calls Change
+$77M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$6.15B +$863M +19,021,951 +16%
Vanguard Group
2
Vanguard Group
Pennsylvania
$4.37B +$146M +3,217,961 +3%
GQG Partners
3
GQG Partners
Florida
$3.42B +$10.5M +231,035 +0.3%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$2.5B -$35.1M -774,677 -1%
Goldman Sachs
5
Goldman Sachs
New York
$1.88B +$470M +10,361,854 +33%
TD Asset Management
6
TD Asset Management
Ontario, Canada
$1.8B +$28M +617,577 +2%
Deutsche Bank
7
Deutsche Bank
Germany
$1.65B +$48.4M +1,066,975 +3%
1832 Asset Management
8
1832 Asset Management
Ontario, Canada
$1.41B -$38.6M -851,591 -3%
CIBC World Market
9
CIBC World Market
Ontario, Canada
$1.2B -$136M -2,994,804 -10%
Norges Bank
10
Norges Bank
Norway
$1.11B +$117M +2,575,035 +12%
National Bank of Canada
11
National Bank of Canada
Quebec, Canada
$969M +$379M +8,357,026 +64%
Legal & General Group
12
Legal & General Group
United Kingdom
$854M +$9.4M +207,243 +1%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$819M +$136M +2,989,992 +20%
ClearBridge Investments
14
ClearBridge Investments
New York
$811M +$1.86M +41,126 +0.2%
CIBC Asset Management
15
CIBC Asset Management
Ontario, Canada
$798M -$287M -6,328,832 -26%
JP Morgan Chase
16
JP Morgan Chase
New York
$797M -$2.5M -55,164 -0.3%
Mackenzie Financial
17
Mackenzie Financial
Ontario, Canada
$794M -$36.6M -807,402 -4%
Fidelity International
18
Fidelity International
Bermuda
$746M -$136M -2,988,636 -15%
Manulife (Manufacturers Life Insurance)
19
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$725M +$1.55M +34,231 +0.2%
Blackstone Inc
20
Blackstone Inc
New York
$648M +$211M +4,661,345 +48%
Toronto Dominion Bank
21
Toronto Dominion Bank
Ontario, Canada
$636M -$1.32M -29,002 -0.2%
SC
22
Scotia Capital
Ontario, Canada
$636M +$1.7M +37,589 +0.3%
Canada Pension Plan Investment Board
23
Canada Pension Plan Investment Board
Ontario, Canada
$600M +$167M +3,687,334 +39%
Bank of America
24
Bank of America
North Carolina
$521M +$223M +4,925,798 +75%
Morgan Stanley
25
Morgan Stanley
New York
$449M +$3.06M +67,584 +0.7%

ENB Hedge Fund Activity: Q2 2025 in Review

1,386 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Enbridge (ENB) for Q2 2025, worth a combined $51.6B — up 2.6% from $50.3B a quarter earlier.

Buyers outnumbered sellers: 114 funds opened new ENB positions and 83 closed out — a net gain of 31 holders — while 498 added to existing stakes and 482 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $863M. The largest seller was CIBC Asset Management, cutting an estimated $287M.

  • 1,386 institutional investors held Enbridge (ENB) as of Q2 2025, up from 1,374 in Q1 2025.
  • Funds reported $51.6B of Enbridge stock for Q2 2025, up 2.6% quarter-over-quarter.
  • 114 funds opened new Enbridge positions in Q2 2025 and 83 closed out, a net change of +31 holders.
  • The largest Enbridge buyer in Q2 2025 was Royal Bank of Canada, an estimated $863M added.
  • The largest Enbridge seller in Q2 2025 was CIBC Asset Management, an estimated $287M sold.

Based on aggregated 13F filings for Q2 2025.