Pembina Pipeline Corp: which funds bought and sold

Institutions that bought and sold Pembina Pipeline shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 189 institutions that filed 13F reports for both quarters added to or opened positions in Pembina Pipeline, and 187 cut or closed them. Together they added a net 12.9M shares, +4.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 3.7M shares (+13.6%); index fund managers were net buyers of 1.0M shares (+3.3%). 39 opened a new position and 39 sold out entirely.

Bought, Q2 2026 189 institutions, 39 of them new holders Sold, Q2 2026 187 institutions, 39 of them sold out

Net change, all compared +12.9M shares (+4.4%)

Net change, active managers +3.7M shares (+13.6%), 15 bought, 24 sold

Buyers versus sellers

institutions compared, 463

189 bought 87 187 sold

Active managers and hedge funds 15 bought · 24 sold · +3.7M

Index fund managers 7 bought · 3 sold · +1.0M

Other institutions 167 bought · 160 sold · +8.2M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Royal Bank Of Canada	+6.7M +17.3%	45.4M	$2.1B
Clearbridge Investments, LLC Active manager	+4.9M +57.7%	13.3M	$616M
Canada Pension Plan Investment Board	+4.5M +354.9%	5.7M	$265M
Ontario Teachers Pension Plan Board	+2.3M New position	2.3M	$106M
Goldman Sachs Group Inc	+2.1M +40.9%	7.3M	$336M
British Columbia Investment Management Corp	+1.0M +148.4%	1.7M	$79.1M
FMR LLC Active manager	+717K +41.6%	2.4M	$113M
Hillsdale Investment Management Inc.	+695K +207.0%	1.0M	$47.6M
CIBC World Market Inc.	+680K +5.5%	13.0M	$599M
Morgan Stanley	+651K +16.6%	4.6M	$211M
Geode Capital Management, LLC Index funds	+649K +11.1%	6.5M	$307M
Tortoise Capital Advisors, L.L.C.	+641K +16.1%	4.6M	$214M
Public Sector Pension Investment Board	+557K +993.8%	613K	$28.3M
Bank Of Montreal	+533K +2.5%	21.6M	$999M
Amundi	+515K +15.2%	3.9M	$180M
DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main	+510K +179.0%	796K	$36.8M
Kayne Anderson Capital Advisors LP	+506K +31.5%	2.1M	$97.7M
Vanguard Global Advisers, LLC	+383K +9.4%	4.5M	$207M
UBS Group AG	+323K +43.3%	1.1M	$49.5M
Neuberger Berman Group LLC Active manager	+253K +19.4%	1.6M	$71.9M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Clearbridge Investments, LLC Active manager	+4.9M +57.7%	13.3M	$616M
FMR LLC Active manager	+717K +41.6%	2.4M	$113M
Neuberger Berman Group LLC Active manager	+253K +19.4%	1.6M	$71.9M
AQR Capital Management LLC Hedge fund	+246K +93.4%	510K	$23.6M
American Century Companies Inc Active manager	+75K +20.8%	437K	$20.2M
J. Goldman & Co LP Hedge fund	+46K New position	46K	$2.1M
Gotham Asset Management, LLC Hedge fund	+41K +190.1%	63K	$2.9M
Capital World Investors Active manager	+22K +43.2%	73K	$3.4M
Acadian Asset Management LLC Active manager	+18K New position	18K	$841,000
Balyasny Asset Management L.P. Hedge fund	+15K New position	15K	$711,094

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Manufacturers Life Insurance Company, The	−2.7M −30.7%	6.2M	$286M
CIBC Asset Management Inc	−2.3M −40.3%	3.4M	$157M
Alberta Investment Management Corp	−2.0M −92.7%	157K	$7.3M
1832 Asset Management L.P.	−1.8M −15.1%	10.0M	$460M
Mackenzie Financial Corp	−1.1M −13.9%	7.1M	$468M
Morguard Lincluden Global Investments Ltd	−1000K Sold out	0	—
Fil Ltd Active manager	−734K −9.4%	7.1M	$326M
Invesco Ltd.	−685K −30.1%	1.6M	$73.7M
Nuveen, LLC	−645K −40.9%	932K	$43.1M
D. E. Shaw & Co., Inc. Hedge fund	−448K −35.3%	822K	$38M
Millennium Management LLC Hedge fund	−415K Sold out	0	—
Scotia Capital Inc.	−410K −6.1%	6.3M	$293M
TD Asset Management Inc	−387K −6.1%	5.9M	$275M
Bank Of America Corp	−329K −11.3%	2.6M	$119M
Jpmorgan Chase & Co	−290K −8.3%	3.2M	$150M
AGF Management Ltd	−286K −97.9%	6,279	$412,028
Healthcare Of Ontario Pension Plan Trust Fund	−258K −21.1%	961K	$44.4M
Cushing Asset Management, LP Dba Nxg Investment Management	−199K −14.7%	1.2M	$53.6M
Susquehanna International Group, LLP	−191K −82.5%	40K	$1.9M
Renaissance Technologies LLC Hedge fund	−175K −39.2%	271K	$12.5M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Fil Ltd Active manager	−734K −9.4%	7.1M	$326M
D. E. Shaw & Co., Inc. Hedge fund	−448K −35.3%	822K	$38M
Millennium Management LLC Hedge fund	−415K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−175K −39.2%	271K	$12.5M
Man Group PLC Hedge fund	−152K −43.1%	200K	$9.3M
Citadel Advisors LLC Hedge fund	−143K −28.5%	360K	$16.7M
Westwood Holdings Group Inc Active manager	−115K −7.8%	1.4M	$62.5M
Franklin Resources Inc Active manager	−106K −8.1%	1.2M	$55.4M
Hudson Bay Capital Management LP Hedge fund	−55K −68.6%	25K	$1.2M
Wellington Management Group LLP Active manager	−50K −38.2%	81K	$3.7M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Ontario Teachers Pension Plan Board	2.3M	$106M
Triasima Portfolio Management Inc.	66K	$3.1M
Equitable Holdings, Inc.	62K	$2.9M
J. Goldman & Co LPHedge fund	46K	$2.1M
Fideuram Asset Management (Ireland) Dac	21K	$1.4M
Murchinson Ltd.	25K	$1.2M
Xtx Topco Ltd	24K	$1.1M
Acadian Asset Management LLCActive manager	18K	$841,000
Balyasny Asset Management L.P.Hedge fund	15K	$711,094
Hazelview Securities Inc.	15K	$700,795

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Morguard Lincluden Global Investments Ltd	1000K	$45.4M
Millennium Management LLCHedge fund	415K	$18.6M
Davis-Rea Ltd.	117K	$5.2M
Campbell & Co Investment Adviser LLC	93K	$4.2M
Albert D Mason Inc	40K	$1.8M
Exoduspoint Capital Management, LPHedge fund	40K	$1.8M
Sciencast Management LP	30K	$1.3M
Gsa Capital Partners LLP	26K	$1.2M
Capstone Investment Advisors, LLCHedge fund	18K	$818,481
Walleye Capital LLCHedge fund	18K	$795,161

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 431
Ten largest holders: 47.5%
Index fund managers: 10.3%
Active managers and hedge funds: 10.0%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	15	24	3	7	+3.7M	+13.6%
Index fund managers	7	3	0	0	+1.0M	+3.3%
Other institutions	167	160	36	32	+8.2M	+3.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Pembina Pipeline.

Only managers that filed a holdings report for both quarters are compared (463 here). 13 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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