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

Q: Is it too late to buy Pembina Pipeline Corp (PBA) following the 2026 Q3 hedge fund 13F filings?

As of today, PBA has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLE sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), PBA gained +12.9% vs +5.6% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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 434 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

434 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 — +9% more funds vs a year ago

fund count last 6Q

+36 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 51% buying

204 buying196 selling

Last quarter: 204 funds bought or added vs 196 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 (-18 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 34 → 47 → 69 → 51. 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 434 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 → 51 new funds/Q

New funds entering each quarter: 34 → 47 → 69 → 51. 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 449 holders: 313 (70%) are 2+ year veterans, 50 entered 1–2 years ago, and 86 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds

55 of 431 holders are among the 100 largest funds by AUM, controlling 52% 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 Q3)

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:

2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

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	Cardinal Capital Management, Inc.	7.47%	7,356,398	$329.2M
2	Nicola Wealth Management LTD.	3.17%	636,200	$28.4M
3	Morgan Dempsey Capital Management LLC	2.93%	143,279	$6.4M
4	Periscope Capital INC.	2.80%	619,800	$27.7M
5	CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT	2.37%	1,158,100	$51.6M
6	BCV Asset Management Inc.	2.14%	1,559,667	$70.1M
7	Kraematon Investment Advisors, Inc	1.98%	59,602	$2.7M
8	Bank of Nova Scotia Trust Co	1.87%	508,498	$22.7M
9	Tortoise Capital Advisors, L.L.C.	1.86%	3,944,326	$176.1M
10	Kayne Anderson Capital Advisors LP	1.73%	2,119,389	$94.5M
11	Sl Advisors, LLC	1.59%	18,303	$816K
12	Hillsdale Investment Management Inc.	1.59%	1,571,169	$70.1M
13	Cascade Investment Group, INC.	1.33%	53,881	$2.4M
14	Intact Investment Management INC.	1.29%	957,264	$42.7M
15	Silver Lake Advisory, LLC	1.28%	77,891	$3.5M
16	Tacita Capital Inc	1.19%	47,958	$2.1M
17	Walter Public Investments Inc.	1.12%	98,292	$4.4M
18	Ontario Teachers Pension Plan Board	1.08%	2,731,991	$122.0M
19	Mufg Securities (canada), LTD.	1.06%	921,275	$41.1M
20	Scotia Capital INC.	1.03%	6,677,141	$296.8M
21	Addenda Capital Inc.	1.02%	608,147	$38.6M
22	Louisbourg Investments INC.	1.01%	123,229	$5.5M
23	Purpose Unlimited Inc.	0.89%	560,199	$25.0M
24	K.J. Harrison & Partners Inc	0.83%	135,551	$6.1M
25	Columbus Macro, LLC	0.76%	176,054	$7.8M

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: 204 funds bought or added vs 196 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 — 52% AUM from top-100 funds: 55 of 431 holders are among the 100 largest funds by AUM, controlling 52% 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 434 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.

Is it too late to buy Pembina Pipeline Corp (PBA) following the 2026 Q3 hedge fund 13F filings?

As of today, PBA has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLE sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), PBA has gained +12.9% vs +5.6% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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 — +9% more funds vs a year ago

Slight buying edge — 51% buying

Fewer new buyers each quarter (-18 vs last Q)

66% of holders stayed for 2+ years

Growing discovery — still being found

Veteran-anchored — 70% veterans vs 19% newcomers

Elite ownership — 52% 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

Is It Too Late to Buy Pembina Pipeline Corp (PBA) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: PBA

Statistics: PBA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q3)

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Frequently Asked Questions — Pembina Pipeline Corp (PBA)

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