Who owns Enbridge Inc. (ENB)
Which tracked institutional funds hold ENB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ENB company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
The tracked-fund tape on ENB is one-sided between 2025-Q4 and 2026-Q1: 421 added or opened and 128 trimmed or exited — on balance accumulating.
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
ENB’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 0.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ENB 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 2025-Q4 and 2026-Q1, across 1484 tracked filers holding ENB, 644 increased or opened the position and 661 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 ENB between the 2025-Q4 and 2026-Q1 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 35
- VANGUARD CAPITAL MANAGEMENT LLC$3.4B
- VANGUARD FIDUCIARY TRUST CO$1.0B
- Vanguard Global Advisers, LLC$831M
- VANGUARD ASSET MANAGEMENT, Ltd$222M
- Vanguard Investments Australia, Ltd.$115M
- NEOS Investment Management LLC$45M
Full exits 34
- VANGUARD GROUP INC$4.8B
- Quadrature Capital Ltd$106M
- RNC CAPITAL MANAGEMENT LLC$69M
- Thomasville National Bank$42M
- St. James Investment Company, LLC$23M
- Aberdeen Group plc$22M
Largest adds
- TD Waterhouse Canada Inc.$503M
- Connor, Clark & Lunn Investment Management Ltd.$472M
- BANK OF MONTREAL /CAN/$447M
- GOLDMAN SACHS GROUP INC$292M
- GQG Partners LLC$281M
- TD Asset Management Inc$262M
Largest trims
- Clearbridge Investments, LLC$275M
- NORGES BANK$223M
- FIL Ltd$148M
- OMERS ADMINISTRATION Corp$87M
- Alberta Investment Management Corp$75M
- UBS Group AG$47M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ROYAL BANK OF CANADA trimmed | 102,663,447 | $5.6B | 9.6% | 2026-Q1 |
| GQG Partners LLC trimmed | 76,426,780 | $4.1B | 7.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 61,911,585 | $3.4B | 5.8% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 57,204,190 | $3.1B | 5.4% | 2026-Q1 |
| TD Asset Management Inc added | 39,677,169 | $2.1B | 3.7% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 34,578,351 | $1.9B | 3.2% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 29,071,069 | $1.6B | 2.7% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 25,325,643 | $1.4B | 2.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 22,203,436 | $1.2B | 2.1% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 20,429,369 | $1.1B | 1.9% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 19,496,834 | $1.1B | 1.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 19,179,800 | $1.0B | 1.8% | 2026-Q1 |
| Legal & General Group Plc trimmed | 18,969,741 | $1.0B | 1.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 18,714,174 | $1.0B | 1.8% | 2026-Q1 |
| NORGES BANK trimmed | 21,961,936 | $972M | 1.7% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 17,419,225 | $944M | 1.6% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 16,281,116 | $883M | 1.5% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 16,024,864 | $854M | 1.5% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 15,326,783 | $831M | 1.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 14,623,305 | $794M | 1.4% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 14,599,455 | $789M | 1.4% | 2026-Q1 |
| CIBC Asset Management Inc added | 14,527,566 | $787M | 1.4% | 2026-Q1 |
| Blackstone Inc. trimmed | 14,104,409 | $764M | 1.3% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 13,796,294 | $748M | 1.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 12,001,433 | $650M | 1.1% | 2026-Q1 |
| FIL Ltd trimmed | 11,470,160 | $622M | 1.1% | 2026-Q1 |
| Amundi added | 11,012,062 | $596M | 1.0% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 10,810,669 | $585M | 1.0% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 8,570,330 | $464M | 0.8% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 8,332,847 | $449M | 0.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 8,277,329 | $448M | 0.8% | 2026-Q1 |
| Morgan Stanley Institutional Investment Advisors LLC trimmed | 7,437,023 | $403M | 0.7% | 2026-Q1 |
| Swiss National Bank added | 7,342,431 | $397M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp added | 6,782,732 | $367M | 0.6% | 2026-Q1 |
| TORTOISE CAPITAL ADVISORS, L.L.C. trimmed | 6,696,559 | $363M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 6,661,237 | $360M | 0.6% | 2026-Q1 |
| KAYNE ANDERSON CAPITAL ADVISORS LP added | 6,095,939 | $330M | 0.6% | 2026-Q1 |
| BANK OF NOVA SCOTIA trimmed | 5,652,712 | $306M | 0.5% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 5,265,617 | $285M | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 5,206,213 | $282M | 0.5% | 2026-Q1 |
| Capital World Investors trimmed | 5,000,000 | $271M | 0.5% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 4,954,299 | $268M | 0.5% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 4,892,075 | $265M | 0.5% | 2026-Q1 |
| Nuveen, LLC added | 4,759,192 | $257M | 0.4% | 2026-Q1 |
| UBS Group AG trimmed | 4,627,420 | $251M | 0.4% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 4,471,686 | $242M | 0.4% | 2026-Q1 |
| Invesco Ltd. trimmed | 4,292,436 | $232M | 0.4% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 3,162,304 | $232M | 0.4% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 4,091,503 | $222M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 3,934,173 | $213M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 3,818,125 | $207M | 0.4% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC added | 3,754,855 | $203M | 0.4% | 2026-Q1 |
| THORNBURG INVESTMENT MANAGEMENT INC added | 3,641,034 | $197M | 0.3% | 2026-Q1 |
| LPL Financial LLC trimmed | 3,602,572 | $195M | 0.3% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 3,031,740 | $181M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 3,313,590 | $179M | 0.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 3,271,508 | $177M | 0.3% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 3,236,273 | $175M | 0.3% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 3,196,000 | $173M | 0.3% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 3,058,491 | $166M | 0.3% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 2,983,836 | $162M | 0.3% | 2026-Q1 |
| Maryland State Retirement & Pension System added | 2,919,694 | $158M | 0.3% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 2,780,513 | $151M | 0.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 2,696,635 | $147M | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 2,645,390 | $143M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 2,599,633 | $141M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 2,453,838 | $133M | 0.2% | 2026-Q1 |
| M&G PLC trimmed | 2,444,759 | $132M | 0.2% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 2,117,016 | $115M | 0.2% | 2026-Q1 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC trimmed | 2,095,152 | $113M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 2,064,211 | $112M | 0.2% | 2026-Q1 |
| LORD, ABBETT & CO. LLC trimmed | 2,008,987 | $109M | 0.2% | 2026-Q1 |
| Addenda Capital Inc. trimmed | 1,406,938 | $106M | 0.2% | 2026-Q1 |
| DAVENPORT & Co LLC trimmed | 1,946,387 | $105M | 0.2% | 2026-Q1 |
| ANTIPODES PARTNERS Ltd added | 1,895,722 | $102M | 0.2% | 2026-Q1 |
| BARCLAYS PLC added | 1,841,296 | $100M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,426,244 | $94M | 0.2% | 2026-Q1 |
| Orbis Allan Gray Ltd added | 1,671,788 | $91M | 0.2% | 2026-Q1 |
| CINCINNATI INSURANCE CO | 1,647,025 | $89M | 0.2% | 2026-Q1 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO added | 1,539,163 | $83M | 0.1% | 2026-Q1 |
| Aviso Financial Inc. added | 1,507,861 | $82M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,475,970 | $80M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 1,446,479 | $78M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 1,404,264 | $76M | 0.1% | 2026-Q1 |
| BROOKFIELD Corp /ON/ trimmed | 1,289,260 | $70M | 0.1% | 2026-Q1 |
| CAPITAL ADVISORS INC/OK added | 1,277,016 | $69M | 0.1% | 2026-Q1 |
| Korea Investment CORP trimmed | 1,273,931 | $69M | 0.1% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 1,240,899 | $67M | 0.1% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 1,233,258 | $67M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury | 1,228,082 | $66M | 0.1% | 2026-Q1 |
| MILLER HOWARD INVESTMENTS INC /NY added | 1,170,678 | $63M | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 1,158,048 | $63M | 0.1% | 2026-Q1 |
| Cullen Capital Management, LLC added | 1,122,777 | $61M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 100,362,828 | $4.8B | 8.3% | 2025-Q4 stale |
| ClearBridge Investments Ltd added | 3,615,519 | $164M | 0.3% | 2025-Q2 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 2,504,892 | $126M | 0.2% | 2025-Q3 stale |
| Quadrature Capital Ltd added | 2,206,300 | $106M | 0.2% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd trimmed | 1,671,318 | $84M | 0.1% | 2025-Q3 stale |
| Maple-Brown Abbott Ltd added | 1,761,951 | $78M | 0.1% | 2025-Q1 stale |
| RNC CAPITAL MANAGEMENT LLC added | 1,446,697 | $69M | 0.1% | 2025-Q4 stale |
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.