Pembina Pipeline
419 hedge funds and large institutions have $13.3B invested in Pembina Pipeline in 2025 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 152 increasing their positions, 132 reducing their positions, and 32 closing their positions.
78% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 32
15% more repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 132
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
9% more capital invested
Capital invested by funds: $12.2B → $13.3B (+$1.11B)
6% more funds holding
Funds holding: 396 → 419 (+23)
0.37% more ownership
Funds ownership: 56.72% → 57.09% (+0.37%)
45% less call options, than puts
Call options by funds: $146M | Put options by funds: $266M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$141M |
| 2 |
Goldman Sachs
New York
|
+$109M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$88.8M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$86.6M |
| 5 |
Millennium Management
New York
|
+$37.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$143M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$121M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$119M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$104M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$62.5M |
PBA Hedge Fund Activity: Q1 2025 in Review
419 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Pembina Pipeline (PBA) for Q1 2025, worth a combined $13.3B — up 9.1% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new PBA positions and 32 closed out — a net gain of 25 holders — while 152 added to existing stakes and 132 trimmed.
The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, opening a new position worth an estimated $141M. The largest seller was Blackstone Inc, cutting an estimated $143M.
- 419 institutional investors held Pembina Pipeline (PBA) as of Q1 2025, up from 396 in Q4 2024.
- Funds reported $13.3B of Pembina Pipeline stock for Q1 2025, up 9.1% quarter-over-quarter.
- 57 funds opened new Pembina Pipeline positions in Q1 2025 and 32 closed out, a net change of +25 holders.
- The largest Pembina Pipeline buyer in Q1 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $141M added.
- The largest Pembina Pipeline seller in Q1 2025 was Blackstone Inc, an estimated $143M sold.
Based on aggregated 13F filings for Q1 2025.