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Pembina Pipeline

401 hedge funds and large institutions have $13B invested in Pembina Pipeline in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 155 increasing their positions, 133 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 155 | Existing positions reduced: 133

2% more capital invested

Capital invested by funds: $12.8B → $13B (+$205M)

3% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 34

1% less funds holding

Funds holding: 406401 (-5)

3.34% less ownership

Funds ownership: 58.75%55.4% (-3.3%)

10% less funds holding in top 10

Funds holding in top 10: 109 (-1)

57% less call options, than puts

Call options by funds: $147M | Put options by funds: $339M

Holders
401
Holders Change
-5
Holders Change %
-1.23%
% of All Funds
5.26%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.12%
New
33
Increased
155
Reduced
133
Closed
34
Calls
$147M
Puts
$339M
Net Calls
-$193M
Net Calls Change
-$49.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Two Sigma Advisers
101
Two Sigma Advisers
New York
$8.76M -$1.66M -44,000 -17%
Qube Research & Technologies (QRT)
102
Qube Research & Technologies (QRT)
United Kingdom
$8.51M -$21.1M -558,166 -73%
Commonwealth Equity Services
103
Commonwealth Equity Services
Massachusetts
$8.48M +$552K +14,636 +8%
BFS
104
Baskin Financial Services
Ontario, Canada
$7.84M +$142K +3,750 +2%
LI
105
Louisbourg Investments
New Brunswick, Canada
$7.3M +$355K +9,398 +5%
MDCM
106
Morgan Dempsey Capital Management
Wisconsin
$6.63M -$824K -21,836 -12%
Lord, Abbett & Co
107
Lord, Abbett & Co
New Jersey
$6.55M +$261K +6,927 +4%
KJHP
108
K.J. Harrison & Partners
Ontario, Canada
$6.47M +$4.53M +120,000 +279%
VA
109
Vident Advisory
Georgia
$6.47M -$1.34M -35,555 -18%
WCA
110
Waratah Capital Advisors
Ontario, Canada
$6.07M +$5.66M +150,109 New
Zurich Cantonal Bank
111
Zurich Cantonal Bank
Switzerland
$6.01M -$1.65M -43,767 -23%
CP
112
Cumberland Partners
Ontario, Canada
$5.62M +$1.16M +30,781 +28%
LF
113
Lansforsakringar Fondforvaltning
Sweden
$5.42M +$627K +16,623 +14%
AV
114
ASR Vermogensbeheer
Netherlands
$5.22M +$78.6K +2,083 +2%
PIC
115
PCJ Investment Counsel
Ontario, Canada
$5.17M -$2.43M -64,340 -33%
GAM
116
Generali Asset Management
Italy
$5.07M +$85.7K +2,270 +3%
Two Sigma Investments
117
Two Sigma Investments
New York
$4.82M +$1.87M +49,683 +72%
DR
118
Davis Rea
Ontario, Canada
$4.54M +$37.1K +982 +0.9%
M&T Bank
119
M&T Bank
New York
$4.48M -$8.76K -232 -0.2%
UIM
120
USS Investment Management
United Kingdom
$4.47M
Marshall Wace
121
Marshall Wace
United Kingdom
$4.24M +$3.7M +98,168 +1,457%
LPL Financial
122
LPL Financial
California
$4.21M +$437K +11,568 +12%
QT
123
Quantbot Technologies
New York
$3.97M +$811K +21,491 +28%
Barclays
124
Barclays
United Kingdom
$3.86M -$1.17M -31,037 -25%
OSAM
125
O'Shaughnessy Asset Management
Connecticut
$3.86M +$619K +16,391 +21%

PBA Hedge Fund Activity: Q3 2025 in Review

401 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Pembina Pipeline (PBA) for Q3 2025, worth a combined $13B — up 1.6% from $12.8B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of PBA and 33 opened new positions — a net loss of 1 holder — while 133 trimmed existing stakes and 155 added.

The largest buyer was Jarislowsky, Fraser Ltd, adding an estimated $316M. The largest seller was Goldman Sachs, cutting an estimated $269M.

  • 401 institutional investors held Pembina Pipeline (PBA) as of Q3 2025, down from 406 in Q2 2025.
  • Funds reported $13B of Pembina Pipeline stock for Q3 2025, up 1.6% quarter-over-quarter.
  • 33 funds opened new Pembina Pipeline positions in Q3 2025 and 34 closed out, a net change of -1 holder.
  • The largest Pembina Pipeline buyer in Q3 2025 was Jarislowsky, Fraser Ltd, an estimated $316M added.
  • The largest Pembina Pipeline seller in Q3 2025 was Goldman Sachs, an estimated $269M sold.

Based on aggregated 13F filings for Q3 2025.