Who owns BIP
Which tracked institutional funds hold BIP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BIP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
53 tracked funds added or opened BIP while 51 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BIP’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BIP divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 336 tracked filers holding BIP, 137 increased or opened the position and 136 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BIP between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 7
- NICOLA WEALTH MANAGEMENT LTD.$24M
- Ramirez Asset Management, Inc.$8M
- CREDIT INDUSTRIEL ET COMMERCIAL$5M
- TritonPoint Partners, LLC$4M
- MRP Capital Investments, LLC$1M
- Alpine Global Management, LLC$697K
Full exits 16
- LINCLUDEN MANAGEMENT LTD$23M
- HRT FINANCIAL LP$22M
- Baskin Financial Services Inc.$11M
- HighTower Advisors, LLC$4M
- ACADIAN ASSET MANAGEMENT LLC$3M
- GSA CAPITAL PARTNERS LLP$3M
Largest adds
- MORGAN STANLEY$75M
- ROYAL BANK OF CANADA$69M
- UBS Group AG$62M
- MACKENZIE FINANCIAL CORP$39M
- BANK OF MONTREAL /CAN/$24M
- TORONTO DOMINION BANK$20M
Largest trims
- PRINCIPAL FINANCIAL GROUP INC$107M
- CIBC Asset Management Inc$46M
- STATE OF WISCONSIN INVESTMENT BOARD$40M
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$38M
- Invesco Ltd.$31M
- NEUBERGER BERMAN GROUP LLC$20M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ROYAL BANK OF CANADA added | 51,100,221 | $1.9B | 20.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 26,790,302 | $978M | 10.5% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 23,776,567 | $868M | 9.4% | 2026-Q2 |
| Capital World Investors added | 20,169,917 | $737M | 7.9% | 2026-Q2 |
| Capital International Investors added | 13,310,744 | $486M | 5.2% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 7,311,207 | $267M | 2.9% | 2026-Q2 |
| TD Asset Management Inc trimmed | 7,082,905 | $259M | 2.8% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 7,067,911 | $258M | 2.8% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 6,805,105 | $247M | 2.7% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 6,255,127 | $228M | 2.5% | 2026-Q2 |
| MORGAN STANLEY added | 5,702,233 | $208M | 2.2% | 2026-Q2 |
| CIBC Asset Management Inc trimmed | 5,367,611 | $196M | 2.1% | 2026-Q2 |
| Brookfield Corp /ON/ | 4,686,497 | $171M | 1.8% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 4,681,241 | $170M | 1.8% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 4,077,153 | $149M | 1.6% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 3,409,065 | $124M | 1.3% | 2026-Q2 |
| TORONTO DOMINION BANK added | 3,037,434 | $111M | 1.2% | 2026-Q2 |
| CI INVESTMENTS INC. added | 3,023,335 | $110M | 1.2% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 2,894,539 | $150M | 1.6% | 2026-Q2 |
| FIL Ltd added | 2,735,023 | $100M | 1.1% | 2026-Q2 |
| Dixon Mitchell Investment Counsel Inc. added | 2,502,674 | $91M | 1.0% | 2026-Q2 |
| BANK OF NOVA SCOTIA trimmed | 2,476,058 | $90M | 1.0% | 2026-Q2 |
| UBS Group AG added | 2,447,529 | $89M | 1.0% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 2,421,744 | $91M | 1.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,160,825 | $79M | 0.8% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 1,979,119 | $71M | 0.8% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. trimmed | 1,797,215 | $66M | 0.7% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 1,684,736 | $61M | 0.7% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 1,408,457 | $51M | 0.6% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 1,293,520 | $47M | 0.5% | 2026-Q2 |
| AGF MANAGEMENT LTD trimmed | 1,179,257 | $43M | 0.5% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed | 1,081,780 | $39M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 956,541 | $35M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 950,037 | $35M | 0.4% | 2026-Q2 |
| Addenda Capital Inc. added | 777,392 | $40M | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 753,632 | $28M | 0.3% | 2026-Q2 |
| Invesco Ltd. trimmed | 747,931 | $27M | 0.3% | 2026-Q2 |
| BOWEN HANES & CO INC | 731,836 | $26M | 0.3% | 2026-Q2 |
| GUARDIAN CAPITAL LP trimmed | 699,776 | $26M | 0.3% | 2026-Q2 |
| NICOLA WEALTH MANAGEMENT LTD. new | 664,700 | $24M | 0.3% | 2026-Q2 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 647,312 | $24M | 0.3% | 2026-Q2 |
| Rathbones Group PLC added | 626,183 | $23M | 0.2% | 2026-Q2 |
| Clearbridge Investments, LLC added | 552,140 | $20M | 0.2% | 2026-Q2 |
| Aviso Financial Inc. added | 547,989 | $20M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 520,731 | $19M | 0.2% | 2026-Q2 |
| Public Sector Pension Investment Board added | 507,435 | $19M | 0.2% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 493,300 | $18M | 0.2% | 2026-Q2 |
| Chicago Partners Investment Group LLC trimmed | 482,284 | $20M | 0.2% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 472,764 | $17M | 0.2% | 2026-Q2 |
| CIBC Bancorp USA Inc. trimmed | 460,569 | $17M | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 456,438 | $17M | 0.2% | 2026-Q2 |
| Munro Partners trimmed | 428,502 | $16M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 414,387 | $15M | 0.2% | 2026-Q2 |
| NATIXIS added | 410,913 | $15M | 0.2% | 2026-Q2 |
| BROWN ADVISORY INC added | 390,275 | $14M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 352,564 | $13M | 0.1% | 2026-Q2 |
| Leith Wheeler Investment Counsel Ltd. trimmed | 344,572 | $13M | 0.1% | 2026-Q2 |
| Purpose Unlimited Inc. trimmed | 340,175 | $12M | 0.1% | 2026-Q2 |
| PCJ Investment Counsel Ltd. added | 295,980 | $11M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 293,356 | $11M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury added | 267,745 | $10M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 252,166 | $9M | 0.1% | 2026-Q2 |
| HARBOR ADVISORY CORP /MA/ added | 239,446 | $9M | 0.1% | 2026-Q2 |
| Summerhill Capital Management lnc. added | 236,081 | $9M | 0.1% | 2026-Q2 |
| Voleon Capital Management LP trimmed | 235,860 | $9M | 0.1% | 2026-Q2 |
| Ramirez Asset Management, Inc. new | 221,085 | $8M | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 209,727 | $8M | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 208,604 | $8M | 0.1% | 2026-Q2 |
| Cerity Partners LLC trimmed | 204,496 | $7M | 0.1% | 2026-Q2 |
| BARCLAYS PLC added | 191,664 | $7M | 0.1% | 2026-Q2 |
| Avalon Trust Co trimmed | 182,083 | $7M | 0.1% | 2026-Q2 |
| Gold Investment Management Ltd. added | 180,236 | $8M | 0.1% | 2026-Q2 |
| ArrowMark Colorado Holdings LLC trimmed | 180,000 | $7M | 0.1% | 2026-Q2 |
| Cannell & Spears LLC added | 176,136 | $6M | 0.1% | 2026-Q2 |
| DAVENPORT & Co LLC trimmed | 148,916 | $5M | 0.1% | 2026-Q2 |
| Tacita Capital Inc | 140,927 | $5M | 0.1% | 2026-Q2 |
| MAI Capital Management added | 132,755 | $5M | 0.1% | 2026-Q2 |
| CREDIT INDUSTRIEL ET COMMERCIAL trimmed | 129,126 | $5M | 0.1% | 2026-Q2 |
| Alberta Investment Management Corp | 123,499 | $5M | 0.0% | 2026-Q2 |
| CITIGROUP INC trimmed | 123,384 | $5M | 0.0% | 2026-Q2 |
| Waverly Advisors, LLC added | 117,668 | $4M | 0.0% | 2026-Q2 |
| TritonPoint Partners, LLC new | 110,304 | $4M | 0.0% | 2026-Q2 |
| TRITONPOINT WEALTH, LLC trimmed | 110,304 | $4M | 0.0% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 108,746 | $4M | 0.0% | 2026-Q2 |
| Northwest & Ethical Investments L.P. trimmed | 104,094 | $4M | 0.0% | 2026-Q2 |
| WALNUT PRIVATE EQUITY PARTNERS, LLC | 102,000 | $4M | 0.0% | 2026-Q2 |
| Florida Trust Wealth Management Co trimmed | 100,682 | $4M | 0.0% | 2026-Q2 |
| Hyperion Capital Advisors LP | 96,019 | $4M | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 91,860 | $3M | 0.0% | 2026-Q2 |
| Herold Advisors, Inc. trimmed | 90,061 | $3M | 0.0% | 2026-Q2 |
| BANK OF NOVA SCOTIA TRUST CO trimmed | 86,270 | $3M | 0.0% | 2026-Q2 |
| Tranquility Partners, LLC added | 84,034 | $3M | 0.0% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 82,292 | $3M | 0.0% | 2026-Q2 |
| EPIQ PARTNERS, LLC trimmed | 80,104 | $3M | 0.0% | 2026-Q2 |
| Clearstead Advisors, LLC trimmed | 74,692 | $3M | 0.0% | 2026-Q2 |
| HUSSMAN STRATEGIC ADVISORS, INC. trimmed | 73,500 | $3M | 0.0% | 2026-Q2 |
| CAHILL FINANCIAL ADVISORS INC trimmed | 72,449 | $3M | 0.0% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 71,794 | $3M | 0.0% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL trimmed | 71,751 | $3M | 0.0% | 2026-Q2 |
| HERBST GROUP, LLC added | 71,740 | $3M | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.