Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

South Bow Corp (SOBO)

293 + 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
↑ +19
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — SOBO

Based on 294 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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
294 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SOBO is almost the same as a year ago (+2 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 54% buying

137 buying118 selling
Last quarter: 137 funds bought or added vs 118 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 (+16 vs last Q)

new funds entering per quarter
Funds opening a new SOBO position: 35 → 37 → 36 → 52. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 25% entered in last year

■ 5% conviction (2yr+) ■ 70% medium ■ 25% 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.
💰

Value +24% but shares only +1% — price-driven

Value
+23%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +24%, but actual share count only changed +1%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

71 → 35 → 37 → 36 → 52 new funds/Q
New funds entering each quarter: 35 → 37 → 36 → 52. 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, 38% new entrants

■ 4% veterans ■ 59% 1-2yr ■ 38% new
Of 308 current holders: 11 (4%) held 2+ years, 181 held 1–2 years, 116 (38%) 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
50 of 292 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.
3.6
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.

Institutional Sentiment Summary — SOBO

In 2026 Q1, 137 hedge funds were net buyers of SOBO (52 opened a new position, 85 added to an existing one), while 118 reduced or exited (85 trimmed, 33 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 64% of total institutional value in SOBO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +19 funds (more new holders than closures). Total institutional holders: 294.

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.

Is It Too Late to Buy South Bow Corp (SOBO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SOBO has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
SOBO
nan%
XLE
-10.8%

SOBO outperformed XLE by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
SOBO
nan%
XLE
-8.0%

Since the filing became public, SOBO outperformed XLE by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 3 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: SOBO
293 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 293 275 6.55%
13F Shares 131M 130M 1.38%
Total Value $4.19B $3.39B 23.75%
New Positions 52 36 +16
Increased Positions 85 92 -7
Closed Positions 34 44 -10
Reduced Positions 80 84 -4
Total Calls 9 4 125.0%
Total Puts 7 4 75.0%
PUT/CALL Ratio 0.78 1.0 Neutral

Statistics: SOBO

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Valuation Measures Data as of: --

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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 Q1)

293 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Portland Investment Counsel INC. 10.36% 970,061 $32.3M
2 Murchinson Ltd. 7.27% 1,725,100 $57.5M
3 Heathbridge Capital Management Ltd. 4.07% 337,200 $11.2M
4 Viewpoint Investment Partners Corp 2.33% 159,518 $5.0M
5 Recurrent Investment Advisors LLC 2.33% 1,161,016 $38.7M
6 Ausbil Investment Management Ltd 1.72% 106,483 $3.5M
7 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 1.43% 865,500 $28.8M
8 Thornburg Investment Management Inc 1.25% 3,632,875 $120.7M
9 Sl Advisors, LLC 1.20% 21,318 $710K
10 Intact Investment Management INC. 1.01% 1,065,860 $35.4M
11 Steadtrust LLC 0.64% 33,620 $1.1M
12 Triasima Portfolio Management inc. 0.57% 113,460 $3.8M
13 Timelo Investment Management Inc. 0.53% 20,000 $666K
14 Miller Howard Investments Inc /Ny 0.48% 527,789 $17.6M
15 Tortoise Capital Advisors, L.L.C. 0.33% 960,084 $32.0M
16 Westwood Holdings Group Inc 0.29% 1,191,935 $39.7M
17 Purpose Unlimited Inc. 0.27% 195,794 $6.5M
18 Clearbridge Investments, LLC 0.25% 8,669,957 $288.9M
19 apricus wealth, LLC 0.25% 15,180 $506K
20 Scotia Capital INC. 0.24% 1,788,858 $59.3M
21 Connor, Clark & Lunn Investment Management Ltd. 0.21% 2,793,557 $92.8M
22 Cibc World Market INC. 0.19% 3,439,260 $114.4M
23 TD Waterhouse Canada Inc. 0.18% 1,930,689 $61.9M
24 Moors & Cabot, Inc. 0.18% 127,026 $4.2M
25 Greenline Partners, LLC 0.18% 49,462 $1.6M
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 — 1 quarter in a row: For 1 consecutive quarter, 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 — 54% buying: Last quarter: 137 funds bought or added vs 118 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: 50 of 292 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 — 25% 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.

Is it too late to buy South Bow Corp (SOBO) following the 2026 Q1 hedge fund 13F filings?

As of today, SOBO has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to -8.0% for the XLE sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), SOBO has gained nan% vs -10.8% 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.

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.

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