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Pembina Pipeline

333 hedge funds and large institutions have $10.1B invested in Pembina Pipeline in 2019 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 123 increasing their positions, 107 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

568% more call options, than puts

Call options by funds: $20M | Put options by funds: $3M

15% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 107

1.06% more ownership

Funds ownership: 53%54.07% (+1.1%)

2% more capital invested

Capital invested by funds: $9.94B → $10.1B (+$204M)

3% less funds holding

Funds holding: 345333 (-12)

24% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 45

30% less funds holding in top 10

Funds holding in top 10: 107 (-3)

Holders
333
Holders Change
-12
Holders Change %
-3.48%
% of All Funds
7.23%
Holding in Top 10
7
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-30%
% of All Funds
0.15%
New
34
Increased
123
Reduced
107
Closed
45
Calls
$20M
Puts
$3M
Net Calls
+$17M
Net Calls Change
+$13.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$1.81B +$340M +9,348,557 +24%
Vanguard Group
2
Vanguard Group
Pennsylvania
$582M +$13.9M +380,762 +2%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$560M -$101M -2,780,652 -16%
1832 Asset Management
4
1832 Asset Management
Ontario, Canada
$443M +$21.7M +594,584 +5%
JFL
5
Jarislowsky, Fraser Ltd
Quebec, Canada
$423M -$9.52M -261,276 -2%
Fidelity International
6
Fidelity International
Bermuda
$383M -$79.2M -2,174,278 -17%
Caisse de Depot et Placement du Quebec (CDPQ)
7
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$312M
SCA
8
Salient Capital Advisors
Texas
$300M +$58.3M +1,601,103 +25%
TD Asset Management
9
TD Asset Management
Ontario, Canada
$287M +$38.6M +1,058,770 +16%
CIBC World Market
10
CIBC World Market
Ontario, Canada
$271M +$510K +13,996 +0.2%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$216M +$9.98M +274,003 +5%
Deutsche Bank
12
Deutsche Bank
Germany
$192M -$140M -3,834,248 -43%
Connor, Clark & Lunn Investment Management (CC&L)
13
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$182M +$984K +27,027 +0.6%
BC
14
Brookfield Corp
Ontario, Canada
$175M +$73.5M +2,017,068 +75%
Bank of Nova Scotia
15
Bank of Nova Scotia
Ontario, Canada
$166M +$3.89M +106,752 +2%
CIBC Asset Management
16
CIBC Asset Management
Ontario, Canada
$166M -$6.55M -179,917 -4%
KACA
17
Kayne Anderson Capital Advisors
California
$163M +$7.05M +193,700 +5%
Norges Bank
18
Norges Bank
Norway
$159M +$25.8M +707,986 +20%
GCC
19
Guardian Capital (Canada)
Ontario, Canada
$146M -$22.5M -618,210 -14%
Canada Life
20
Canada Life
Manitoba, Canada
$136M +$12M +329,902 +10%
SC
21
Scotia Capital
Ontario, Canada
$132M +$4.07M +111,687 +3%
Toronto Dominion Bank
22
Toronto Dominion Bank
Ontario, Canada
$127M +$126M +3,457,104 +103%
Legal & General Group
23
Legal & General Group
United Kingdom
$120M +$9.46M +259,821 +9%
Manulife (Manufacturers Life Insurance)
24
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$110M -$41.4M -1,137,039 -28%
NIM
25
NXG Investment Management
Texas
$101M -$10.8M -297,258 -10%

PBA Hedge Fund Activity: Q2 2019 in Review

333 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Pembina Pipeline (PBA) for Q2 2019, worth a combined $10.1B — up 2.1% from $9.94B a quarter earlier.

Sellers outnumbered buyers: 45 funds closed out of PBA and 34 opened new positions — a net loss of 11 holders — while 107 trimmed existing stakes and 123 added.

The largest buyer was Royal Bank of Canada, adding an estimated $340M. The largest seller was Tortoise Capital Advisors, cutting an estimated $208M.

  • 333 institutional investors held Pembina Pipeline (PBA) as of Q2 2019, down from 345 in Q1 2019.
  • Funds reported $10.1B of Pembina Pipeline stock for Q2 2019, up 2.1% quarter-over-quarter.
  • 34 funds opened new Pembina Pipeline positions in Q2 2019 and 45 closed out, a net change of -11 holders.
  • The largest Pembina Pipeline buyer in Q2 2019 was Royal Bank of Canada, an estimated $340M added.
  • The largest Pembina Pipeline seller in Q2 2019 was Tortoise Capital Advisors, an estimated $208M sold.

Based on aggregated 13F filings for Q2 2019.