Pembina Pipeline Corp (PBA) Hedge Fund Ownership (Q2 2026)

Pembina Pipeline Corp (PBA)

427 + Investors. Track Smart Money conviction in PBA. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — PBA

Based on 431 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added PBA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

431 hedge funds hold PBA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q

+33 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 51% buying

202 buying197 selling

Last quarter: 202 funds bought or added vs 197 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

⚠️

Fewer new buyers each quarter (-20 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 34 → 47 → 69 → 49. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 16% medium ■ 18% new

285 out of 431 hedge funds have held PBA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📈

Growing discovery — still being found

36 → 34 → 47 → 69 → 49 new funds/Q

New funds entering each quarter: 34 → 47 → 69 → 49. A growing number of institutions are discovering PBA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 70% veterans vs 19% newcomers

■ 70% veterans ■ 11% 1-2yr ■ 19% new

Entry-cohort mix of 446 holders: 313 (70%) are 2+ year veterans, 50 entered 1–2 years ago, and 83 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds

54 of 428 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in PBA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	427	428	-0.23%
13F Shares	314M	298M	5.15%
Total Value	$14.55B	$13.17B	10.55%
New Positions	49	69	-20
Increased Positions	151	150	+1
Closed Positions	47	31	+16
Reduced Positions	144	129	+15
Total Calls	11	11	-
Total Puts	7	8	-12.5%
PUT/CALL Ratio	0.64	0.73	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

427

428

-0.23%

13F Shares

314M

298M

5.15%

Total Value

$14.55B

$13.17B

10.55%

New Positions

-20

Increased Positions

151

150

Closed Positions

+16

Reduced Positions

144

129

+15

Total Calls

Total Puts

-12.5%

PUT/CALL Ratio

0.64

0.73

Bullish

Institutional Holders (2026 Q2)

427 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PBA. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 PBA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Recurrent Investment Advisors LLC	4.32%	1,498,252	$69.6M
2	PJT Investments Corp.	4.18%	267,146	$12.4M
3	Periscope Capital INC.	4.08%	1,004,800	$46.5M
4	Cardinal Capital Management, Inc.	4.06%	3,634,579	$167.8M
5	Nicola Wealth Management LTD.	3.54%	664,500	$30.7M
6	Morgan Dempsey Capital Management LLC	2.94%	148,296	$6.9M
7	CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT	2.40%	1,158,100	$53.6M
8	Intact Investment Management INC.	2.37%	1,802,664	$83.4M
9	BCV Asset Management Inc.	2.23%	1,577,026	$73.7M
10	Tortoise Capital Advisors, L.L.C.	2.17%	4,623,490	$213.9M
11	Kraematon Investment Advisors, Inc	2.04%	59,286	$2.7M
12	Kayne Anderson Capital Advisors LP	1.92%	2,112,513	$97.7M
13	Bank of Nova Scotia Trust Co	1.91%	498,501	$23.1M
14	Sl Advisors, LLC	1.63%	20,161	$932K
15	Cascade Investment Group, INC.	1.43%	55,300	$2.6M
16	Silver Lake Advisory, LLC	1.31%	79,281	$3.7M
17	PCJ Investment Counsel Ltd.	1.30%	97,870	$4.5M
18	Tacita Capital Inc	1.30%	51,774	$2.4M
19	Louisbourg Investments INC.	1.21%	141,477	$6.5M
20	Scotia Capital INC.	1.09%	6,336,302	$292.8M
21	Hillsdale Investment Management Inc.	1.09%	1,030,460	$47.6M
22	Addenda Capital Inc.	1.08%	606,697	$39.8M
23	Mufg Securities (canada), LTD.	1.02%	822,347	$38.0M
24	Cibc World Market INC.	0.96%	12,961,055	$599.2M
25	Purpose Unlimited Inc.	0.95%	537,262	$24.9M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Pembina Pipeline Corp (PBA)

What does the Smart Money Trend signal show for PBA?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added PBA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PBA?

Slight buying edge — 51% buying: Last quarter: 202 funds bought or added vs 197 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PBA holders?

Elite ownership — 56% AUM from top-100 funds: 54 of 428 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in PBA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PBA?

66% of holders stayed for 2+ years: 285 out of 431 hedge funds have held PBA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Pembina Pipeline Corp (PBA)

Smart Money Signals — PBA

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Steady growth — +8% more funds vs a year ago

Slight buying edge — 51% buying

Fewer new buyers each quarter (-20 vs last Q)

66% of holders stayed for 2+ years

Growing discovery — still being found

Veteran-anchored — 70% veterans vs 19% newcomers

Elite ownership — 56% AUM from top-100 funds

Institutional Sentiment Summary — PBA

Hedge Fund Ownership: PBA

Market Analysis: PBA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: PBA

Hedge Fund Positioning: PBA

Statistics: PBA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Pembina Pipeline Corp (PBA)

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