Who owns EMA
Which tracked institutional funds hold EMA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See EMA 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
84 tracked funds added or opened EMA while 37 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
EMA’s largest tracked holder by dollar value, BANK OF MONTREAL /CAN/, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in EMA 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 208 tracked filers holding EMA, 138 increased or opened the position and 74 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 EMA 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 12
- Covalis Capital LLP$39M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$4M
- WELLINGTON MANAGEMENT GROUP LLP$3M
- Greenland Capital Management LP$3M
- ALPS ADVISORS INC$2M
- 111 Capital$2M
Full exits 18
- Point72 Asset Management, L.P.$53M
- QV Investors Inc.$40M
- Beutel, Goodman & Co Ltd.$14M
- Amundi$13M
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.$12M
- Zimmer Partners, LP$8M
Largest adds
- MORGAN STANLEY$146M
- MACKENZIE FINANCIAL CORP$81M
- CANADA PENSION PLAN INVESTMENT BOARD$80M
- GOLDMAN SACHS GROUP INC$63M
- ROYAL BANK OF CANADA$44M
- BANK OF MONTREAL /CAN/$41M
Largest trims
- TD Asset Management Inc$124M
- ATLAS Infrastructure Partners (UK) Ltd.$90M
- BANK OF AMERICA CORP /DE/$55M
- TORONTO DOMINION BANK$38M
- FIL Ltd$26M
- Invesco Ltd.$12M
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 |
|---|---|---|---|---|
| BANK OF MONTREAL /CAN/ added | 18,233,933 | $966M | 11.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 18,043,306 | $957M | 11.2% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 12,825,938 | $680M | 7.9% | 2026-Q2 |
| FIL Ltd trimmed | 12,029,504 | $638M | 7.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 8,743,912 | $464M | 5.4% | 2026-Q2 |
| ATLAS Infrastructure Partners (UK) Ltd. trimmed | 7,069,271 | $375M | 4.4% | 2026-Q2 |
| TD Asset Management Inc trimmed | 5,087,963 | $270M | 3.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,687,423 | $269M | 3.1% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 4,633,493 | $243M | 2.8% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 4,599,834 | $243M | 2.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 4,417,803 | $234M | 2.7% | 2026-Q2 |
| MORGAN STANLEY added | 4,138,546 | $219M | 2.6% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 3,937,892 | $209M | 2.4% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 3,894,059 | $293M | 3.4% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 3,812,208 | $202M | 2.4% | 2026-Q2 |
| Legal & General Group Plc trimmed | 3,652,929 | $194M | 2.3% | 2026-Q2 |
| BANK OF NOVA SCOTIA trimmed | 3,317,241 | $176M | 2.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 2,701,295 | $143M | 1.7% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 2,339,355 | $124M | 1.4% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. added | 1,968,235 | $104M | 1.2% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 1,932,111 | $102M | 1.2% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 1,437,360 | $76M | 0.9% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,381,341 | $74M | 0.9% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 1,232,687 | $65M | 0.8% | 2026-Q2 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO trimmed | 1,161,790 | $87M | 1.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 1,007,826 | $53M | 0.6% | 2026-Q2 |
| Swiss National Bank trimmed | 979,400 | $52M | 0.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 973,134 | $52M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 832,107 | $44M | 0.5% | 2026-Q2 |
| Hillsdale Investment Management Inc. added | 821,776 | $44M | 0.5% | 2026-Q2 |
| Invesco Ltd. trimmed | 797,572 | $42M | 0.5% | 2026-Q2 |
| Covalis Capital LLP new | 734,477 | $39M | 0.5% | 2026-Q2 |
| CIBC Asset Management Inc trimmed | 656,214 | $35M | 0.4% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 647,005 | $34M | 0.4% | 2026-Q2 |
| Woodbridge Co Ltd | 631,641 | $33M | 0.4% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 617,218 | $33M | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 615,175 | $33M | 0.4% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 608,283 | $32M | 0.4% | 2026-Q2 |
| Public Sector Pension Investment Board added | 586,986 | $31M | 0.4% | 2026-Q2 |
| BlackRock, Inc. added | 574,221 | $30M | 0.4% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 504,036 | $27M | 0.3% | 2026-Q2 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 432,773 | $23M | 0.3% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 425,732 | $32M | 0.4% | 2026-Q2 |
| Addenda Capital Inc. added | 421,793 | $32M | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 404,741 | $21M | 0.3% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 374,894 | $20M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 374,377 | $20M | 0.2% | 2026-Q2 |
| Harvest Portfolios Group Inc. added | 356,449 | $19M | 0.2% | 2026-Q2 |
| Northwest & Ethical Investments L.P. added | 350,465 | $19M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 337,353 | $18M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 310,420 | $16M | 0.2% | 2026-Q2 |
| Purpose Unlimited Inc. added | 308,000 | $16M | 0.2% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. added | 302,550 | $16M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 299,438 | $16M | 0.2% | 2026-Q2 |
| UBS Group AG trimmed | 293,583 | $16M | 0.2% | 2026-Q2 |
| Aviso Financial Inc. added | 274,692 | $15M | 0.2% | 2026-Q2 |
| GABELLI FUNDS LLC | 249,000 | $13M | 0.2% | 2026-Q2 |
| AGF MANAGEMENT LTD added | 244,719 | $13M | 0.2% | 2026-Q2 |
| Cardinal Capital Management, Inc. added | 223,815 | $12M | 0.1% | 2026-Q2 |
| Nuveen, LLC added | 222,070 | $12M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 207,077 | $11M | 0.1% | 2026-Q2 |
| APG Asset Management N.V. added | 206,754 | $10M | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd added | 182,573 | $10M | 0.1% | 2026-Q2 |
| BARCLAYS PLC added | 180,149 | $10M | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 177,922 | $9M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury trimmed | 169,747 | $9M | 0.1% | 2026-Q2 |
| Guardian Partners Inc. trimmed | 160,710 | $9M | 0.1% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 151,218 | $8M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 150,965 | $8M | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 147,469 | $8M | 0.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 143,041 | $8M | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 130,088 | $7M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA trimmed | 120,518 | $6M | 0.1% | 2026-Q2 |
| Lombard Odier Asset Management (Switzerland) SA added | 116,700 | $6M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 115,953 | $6M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 115,080 | $6M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 114,074 | $6M | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 99,046 | $5M | 0.1% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 83,900 | $4M | 0.1% | 2026-Q2 |
| Alberta Investment Management Corp added | 82,818 | $4M | 0.1% | 2026-Q2 |
| BANK OF NOVA SCOTIA TRUST CO added | 70,359 | $4M | 0.0% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 62,414 | $3M | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 60,605 | $3M | 0.0% | 2026-Q2 |
| Rathbones Group PLC | 58,900 | $3M | 0.0% | 2026-Q2 |
| Tacita Capital Inc | 57,086 | $3M | 0.0% | 2026-Q2 |
| Creative Planning added | 56,964 | $3M | 0.0% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 56,901 | $3M | 0.0% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 55,176 | $3M | 0.0% | 2026-Q2 |
| Sky Investment Group LLC trimmed | 53,975 | $3M | 0.0% | 2026-Q2 |
| Greenland Capital Management LP new | 48,310 | $3M | 0.0% | 2026-Q2 |
| Capital World Investors | 46,681 | $2M | 0.0% | 2026-Q2 |
| Investment Management Corp of Ontario added | 43,673 | $2M | 0.0% | 2026-Q2 |
| NATIXIS added | 42,787 | $2M | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 40,039 | $2M | 0.0% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 35,494 | $2M | 0.0% | 2026-Q2 |
| ALPS ADVISORS INC new | 32,804 | $2M | 0.0% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 31,679 | $2M | 0.0% | 2026-Q2 |
| 111 Capital added | 30,797 | $2M | 0.0% | 2026-Q2 |
| Utah Retirement Systems trimmed | 30,423 | $2M | 0.0% | 2026-Q2 |
| Jupiter Topco LLC new | 29,540 | $2M | 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.