SOBO

South Bow Corp

278 hedge funds and large institutions have $3.5B invested in South Bow Corp in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 91 increasing their positions, 86 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more funds holding in top 10

Funds holding in top 10:

less funds holding

Funds holding:

less ownership

Funds ownership:

10% less capital invested

Capital invested by funds: $3.91B → $3.5B (-$404M)

24% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 41

52% less call options, than puts

Call options by funds: $22.9M | Put options by funds: $47.6M

Holders
278
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$22.9M
Puts
$47.6M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$456M
Capital International Investors
2
Capital International Investors
California
$426M
Fidelity Investments
3
Fidelity Investments
Massachusetts
$277M
Vanguard Group
4
Vanguard Group
Pennsylvania
$238M
ClearBridge Investments
5
ClearBridge Investments
New York
$200M
T. Rowe Price Associates
6
T. Rowe Price Associates
Maryland
$177M
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$169M
CIBC World Market
8
CIBC World Market
Ontario, Canada
$98.2M
TIM
9
Thornburg Investment Management
New Mexico
$77.8M
Mirae Asset Global ETFs Holdings
10
Mirae Asset Global ETFs Holdings
Hong Kong
$65.7M
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$64.5M
TD Asset Management
12
TD Asset Management
Ontario, Canada
$56.6M
SC
13
Scotia Capital
Ontario, Canada
$56.4M
Legal & General Group
14
Legal & General Group
United Kingdom
$51.1M
Canada Pension Plan Investment Board
15
Canada Pension Plan Investment Board
Ontario, Canada
$45.4M
Bank of America
16
Bank of America
North Carolina
$44.4M
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$44.3M
American Century Companies
18
American Century Companies
Missouri
$42.1M
Invesco
19
Invesco
Georgia
$41.8M
Morgan Stanley
20
Morgan Stanley
New York
$41.5M
NIM
21
NXG Investment Management
Texas
$40.9M
Manulife (Manufacturers Life Insurance)
22
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$37.9M
RIA
23
Recurrent Investment Advisors
Texas
$37.8M
TWC
24
TD Waterhouse Canada
Ontario, Canada
$36.7M
Boston Partners
25
Boston Partners
Massachusetts
$35.8M