Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PEMBINA PIPELINE CORP (PBA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
3Q ▼
Buyers last Q
51%

Smart Money Signals — PBA

Based on 389 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their PBA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
389 funds currently hold this stock — 94% of the 3.0-year high of 414 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PBA is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

190 buying183 selling
Last quarter: 190 funds bought or added vs 183 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.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new PBA position: 58 → 35 → 34 → 47. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 21% medium ■ 11% new
266 out of 389 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.
➡️

Steady discovery — ~47 new funds/quarter

45 → 58 → 35 → 34 → 47 new funds/Q
New funds entering each quarter: 58 → 35 → 34 → 47. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 11% 1-2yr ■ 18% new
Of 403 current holders: 288 (71%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
57 of 389 holders are among the 100 largest funds by AUM, controlling 61% 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.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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.

Institutional Sentiment Summary — PBA

In 2025 Q4, 190 hedge funds were net buyers of PBA (47 opened a new position, 143 added to an existing one), while 183 reduced or exited (130 trimmed, 53 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 61% of total institutional value in PBA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 389.

Hedge Fund Ownership: PBA

How many hedge funds hold PBA — quarterly history vs. share price
Quarterly hedge fund ownership of PBA vs. share price

Market Analysis: PBA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PBA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

45 top-rated funds 3 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: PBA
2026 Q1 Stats Unlock in 4 days 387 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 387 398 -2.76%
13F Shares 323M 330M -1.89%
Total Value $12.45B $13.36B -6.81%
New Positions 46 33 +13
Increased Positions 159 175 -16
Closed Positions 51 33 +18
Reduced Positions 152 157 -5
Total Calls 9 12 -25.0%
Total Puts 7 9 -22.22%
PUT/CALL Ratio 0.78 0.75 Neutral

Statistics: PBA

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Financial Highlights

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Institutional Holders (2026 Q1)

387 + 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:
Top 25 institutional holders of PBA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PERISCOPE CAPITAL INC. 7.65% 1,542,600 $69.0M
2 LINCLUDEN MANAGEMENT LTD 4.84% 999,523 $45K
3 PJT Investments Corp. 4.69% 264,237 $11.8M
4 Cardinal Capital Management, Inc. 4.27% 3,555,001 $158.6M
5 Recurrent Investment Advisors LLC 4.04% 1,494,250 $67.2M
6 NICOLA WEALTH MANAGEMENT LTD. 3.57% 664,500 $29.7M
7 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 3.01% 1,357,100 $60.7M
8 MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 2.93% 143,916 $6.4M
9 A. D. Beadell Investment Counsel, Inc. 2.46% 86,255 $4K
10 BCV Asset Management Inc. 2.44% 1,592,388 $71.1M
11 INTACT INVESTMENT MANAGEMENT INC. 2.17% 1,701,464 $76.1M
12 KRAEMATON INVESTMENT ADVISORS, INC 2.15% 59,035 $2.6M
13 BANK OF NOVA SCOTIA TRUST CO 2.04% 530,819 $23.8M
14 TORTOISE CAPITAL ADVISORS, L.L.C. 1.85% 3,982,948 $177.8M
15 CASCADE INVESTMENT GROUP, INC. 1.67% 56,834 $2.5M
16 SL ADVISORS, LLC 1.54% 20,294 $908K
17 Silver Lake Advisory, LLC 1.41% 79,346 $3.6M
18 KAYNE ANDERSON CAPITAL ADVISORS LP 1.38% 1,606,533 $71.9M
19 Tacita Capital Inc 1.37% 51,774 $2.3M
20 DAVIS-REA LTD. 1.36% 116,582 $5.2M
21 PCJ Investment Counsel Ltd. 1.27% 99,545 $4.5M
22 SCOTIA CAPITAL INC. 1.23% 6,746,275 $299.3M
23 K.J. Harrison & Partners Inc 1.19% 162,606 $7.3M
24 ALBERT D MASON INC 1.16% 40,098 $1.8M
25 MUFG SECURITIES (CANADA), LTD. 1.11% 861,940 $38.5M
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?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their PBA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PBA?

Slight buying edge — 51% buying: Last quarter: 190 funds bought or added vs 183 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 — 61% AUM from top-100 funds: 57 of 389 holders are among the 100 largest funds by AUM, controlling 61% 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?

68% of holders stayed for 2+ years: 266 out of 389 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.