Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

South Bow Corp (SOBO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
50%

Smart Money Signals — SOBO

Based on 301 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 SOBO 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
301 hedge funds hold SOBO 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
+21 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 — 50% buying

131 buying131 selling
Last quarter: 131 funds bought or added vs 131 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 (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 37 → 37 → 53 → 40. 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.
🔄

Mostly new holders — 26% entered in last year

■ 5% conviction (2yr+) ■ 70% medium ■ 26% new
Only 14 funds (5%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📈

Growing discovery — still being found

36 → 37 → 37 → 53 → 40 new funds/Q
New funds entering each quarter: 37 → 37 → 53 → 40. A growing number of institutions are discovering SOBO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 4% veterans, 31% new entrants

■ 4% veterans ■ 66% 1-2yr ■ 31% new
Of 312 current holders: 11 (4%) held 2+ years, 205 held 1–2 years, 96 (31%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
49 of 299 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in SOBO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — SOBO

In 2026 Q2, 131 hedge funds were net buyers of SOBO (40 opened a new position, 91 added to an existing one), while 131 reduced or exited (95 trimmed, 36 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 64% of total institutional value in SOBO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 301.

Hedge Fund Ownership: SOBO

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

Market Analysis: SOBO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SOBO

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 2 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: SOBO
296 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 296 297 -0.34%
13F Shares 128M 133M -3.63%
Total Value $4.35B $4.22B 3.0%
New Positions 39 53 -14
Increased Positions 85 86 -1
Closed Positions 38 32 +6
Reduced Positions 91 80 +11
Total Calls 8 9 -11.11%
Total Puts 5 7 -28.57%
PUT/CALL Ratio 0.62 0.78 Bullish

Statistics: SOBO

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

296 + investors

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

QUARTER:
Top 25 SOBO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Portland Investment Counsel INC. 9.37% 951,824 $33.5M
2 Heathbridge Capital Management Ltd. 4.06% 338,000 $11.9M
3 Recurrent Investment Advisors LLC 2.53% 1,158,738 $40.8M
4 Viewpoint Investment Partners Corp 1.82% 159,522 $5.3M
5 Ausbil Investment Management Ltd 1.48% 92,771 $3.3M
6 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 1.35% 855,500 $30.1M
7 Sl Advisors, LLC 1.31% 21,224 $748K
8 Thornburg Investment Management Inc 1.25% 3,721,332 $131.0M
9 Spark Investment Management LLC 1.17% 17,000 $598K
10 Intact Investment Management INC. 1.02% 1,015,860 $35.8M
11 Triasima Portfolio Management inc. 0.60% 127,160 $4.5M
12 Steadtrust LLC 0.60% 33,920 $1.2M
13 HITE Hedge Asset Management LLC 0.49% 255,184 $9.0M
14 Ninepoint Partners LP 0.47% 175,000 $6.2M
15 Miller Howard Investments Inc /Ny 0.46% 496,936 $17.5M
16 Tortoise Capital Advisors, L.L.C. 0.34% 943,552 $33.3M
17 Westwood Holdings Group Inc 0.27% 1,004,618 $35.4M
18 apricus wealth, LLC 0.26% 15,350 $541K
19 Clearbridge Investments, LLC 0.26% 8,855,108 $312.1M
20 Purpose Unlimited Inc. 0.24% 177,796 $6.3M
21 Scotia Capital INC. 0.23% 1,753,475 $61.7M
22 Ruffer LLP 0.22% 179,920 $6.3M
23 Timelo Investment Management Inc. 0.20% 20,000 $705K
24 Cibc World Market INC. 0.19% 3,403,902 $119.8M
25 Connor, Clark & Lunn Investment Management Ltd. 0.19% 2,779,943 $97.8M
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 — South Bow Corp (SOBO)

What does the Smart Money Trend signal show for SOBO?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added SOBO 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 SOBO?

Slight buying edge — 50% buying: Last quarter: 131 funds bought or added vs 131 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 SOBO holders?

Elite ownership — 64% AUM from top-100 funds: 49 of 299 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in SOBO. 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 SOBO?

Mostly new holders — 26% entered in last year: Only 14 funds (5%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.

Full history →