Pembina Pipeline
406 hedge funds and large institutions have $12.8B invested in Pembina Pipeline in 2025 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 156 increasing their positions, 137 reducing their positions, and 46 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 137
1.66% more ownership
Funds ownership: 57.09% → 58.75% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
3% less capital invested
Capital invested by funds: $13.3B → $12.8B (-$460M)
3% less funds holding
Funds holding: 419 → 406 (-13)
17% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 46
55% less call options, than puts
Call options by funds: $116M | Put options by funds: $259M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$508M |
| 2 |
Goldman Sachs
New York
|
+$239M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$91.6M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$71.2M |
| 5 |
MSE
MUFG Securities EMEA
London,
United Kingdom
|
+$52.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$221M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$117M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$83.5M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$79.8M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$76.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
451
Optiver Holding
Amsterdam,
Netherlands
| – | -$640 | -16 | Closed |
|
|
NC
452
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$280 | -7 | Closed |
|
PBA Hedge Fund Activity: Q2 2025 in Review
406 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Pembina Pipeline (PBA) for Q2 2025, worth a combined $12.8B — down 3.5% from $13.3B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of PBA and 38 opened new positions — a net loss of 8 holders — while 137 trimmed existing stakes and 156 added.
The largest buyer was Royal Bank of Canada, adding an estimated $508M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $221M.
- 406 institutional investors held Pembina Pipeline (PBA) as of Q2 2025, down from 419 in Q1 2025.
- Funds reported $12.8B of Pembina Pipeline stock for Q2 2025, down 3.5% quarter-over-quarter.
- 38 funds opened new Pembina Pipeline positions in Q2 2025 and 46 closed out, a net change of -8 holders.
- The largest Pembina Pipeline buyer in Q2 2025 was Royal Bank of Canada, an estimated $508M added.
- The largest Pembina Pipeline seller in Q2 2025 was Canada Pension Plan Investment Board, an estimated $221M sold.
Based on aggregated 13F filings for Q2 2025.