Who owns PBA
Which tracked institutional funds hold PBA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PBA 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
100 tracked funds added or opened PBA while 92 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
PBA’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.1% 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 PBA 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 406 tracked filers holding PBA, 188 increased or opened the position and 208 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 PBA 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 11
- ONTARIO TEACHERS PENSION PLAN BOARD$106M
- Nykredit A/S$14M
- Triasima Portfolio Management inc.$3M
- Equitable Holdings, Inc.$3M
- J. Goldman & Co LP$2M
- Jupiter Topco LLC$2M
Full exits 35
- Amundi$151M
- DekaBank Deutsche Girozentrale$100M
- LINCLUDEN MANAGEMENT LTD$45M
- CANADA LIFE ASSURANCE Co$29M
- MILLENNIUM MANAGEMENT LLC$19M
- JANUS HENDERSON GROUP PLC$11M
Largest adds
- ROYAL BANK OF CANADA$368M
- Clearbridge Investments, LLC$238M
- CANADA PENSION PLAN INVESTMENT BOARD$208M
- GOLDMAN SACHS GROUP INC$105M
- MACKENZIE FINANCIAL CORP$97M
- NORGES BANK$60M
Largest trims
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$113M
- CIBC Asset Management Inc$97M
- Alberta Investment Management Corp$89M
- 1832 Asset Management L.P.$65M
- Nuveen, LLC$27M
- FIL Ltd$22M
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 | 45,437,977 | $2.1B | 15.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 21,611,518 | $999M | 7.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 16,738,025 | $774M | 5.6% | 2026-Q2 |
| Clearbridge Investments, LLC added | 13,315,671 | $616M | 4.4% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 12,961,055 | $599M | 4.3% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 9,953,497 | $460M | 3.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 7,264,144 | $336M | 2.4% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 7,134,199 | $468M | 3.4% | 2026-Q2 |
| FIL Ltd trimmed | 7,051,474 | $326M | 2.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 6,517,821 | $307M | 2.2% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 6,336,302 | $293M | 2.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 6,187,904 | $286M | 2.1% | 2026-Q2 |
| TD Asset Management Inc trimmed | 5,945,976 | $275M | 2.0% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 5,810,105 | $268M | 1.9% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 5,731,205 | $265M | 1.9% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 5,669,902 | $262M | 1.9% | 2026-Q2 |
| NORGES BANK added | 5,456,805 | $252M | 1.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 5,157,084 | $239M | 1.7% | 2026-Q2 |
| TORTOISE CAPITAL ADVISORS, L.L.C. added | 4,623,490 | $214M | 1.5% | 2026-Q2 |
| MORGAN STANLEY added | 4,565,932 | $211M | 1.5% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 4,464,009 | $207M | 1.5% | 2026-Q2 |
| Legal & General Group Plc trimmed | 4,307,512 | $199M | 1.4% | 2026-Q2 |
| BANK OF NOVA SCOTIA trimmed | 3,763,790 | $174M | 1.3% | 2026-Q2 |
| Cardinal Capital Management, Inc. added | 3,634,579 | $168M | 1.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 3,467,774 | $160M | 1.2% | 2026-Q2 |
| CIBC Asset Management Inc trimmed | 3,381,439 | $157M | 1.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 3,316,430 | $153M | 1.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 3,206,989 | $150M | 1.1% | 2026-Q2 |
| TORONTO DOMINION BANK added | 2,753,013 | $127M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,577,487 | $119M | 0.9% | 2026-Q2 |
| FMR LLC added | 2,440,189 | $113M | 0.8% | 2026-Q2 |
| TD Waterhouse Canada Inc. trimmed | 2,419,798 | $111M | 0.8% | 2026-Q2 |
| ONTARIO TEACHERS PENSION PLAN BOARD added | 2,292,937 | $106M | 0.8% | 2026-Q2 |
| KAYNE ANDERSON CAPITAL ADVISORS LP added | 2,112,513 | $98M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,943,948 | $90M | 0.6% | 2026-Q2 |
| Swiss National Bank trimmed | 1,878,596 | $87M | 0.6% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. added | 1,802,664 | $83M | 0.6% | 2026-Q2 |
| UniSuper Management Pty Ltd added | 1,727,514 | $113M | 0.8% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 1,712,366 | $79M | 0.6% | 2026-Q2 |
| Invesco Ltd. trimmed | 1,593,373 | $74M | 0.5% | 2026-Q2 |
| BCV Asset Management Inc. trimmed | 1,577,026 | $74M | 0.5% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 1,554,572 | $72M | 0.5% | 2026-Q2 |
| Recurrent Investment Advisors LLC added | 1,498,252 | $70M | 0.5% | 2026-Q2 |
| WESTWOOD HOLDINGS GROUP INC trimmed | 1,350,792 | $62M | 0.4% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 1,347,712 | $62M | 0.4% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 1,225,725 | $57M | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 1,199,392 | $55M | 0.4% | 2026-Q2 |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT trimmed | 1,158,100 | $54M | 0.4% | 2026-Q2 |
| UBS Group AG added | 1,069,480 | $49M | 0.4% | 2026-Q2 |
| Hillsdale Investment Management Inc. added | 1,030,460 | $48M | 0.3% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 961,400 | $44M | 0.3% | 2026-Q2 |
| BlackRock, Inc. added | 949,728 | $44M | 0.3% | 2026-Q2 |
| Nuveen, LLC trimmed | 931,841 | $43M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 903,616 | $42M | 0.3% | 2026-Q2 |
| Fiera Capital Corp trimmed | 893,038 | $41M | 0.3% | 2026-Q2 |
| Blackstone Inc. trimmed | 883,068 | $41M | 0.3% | 2026-Q2 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 822,347 | $38M | 0.3% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 822,219 | $38M | 0.3% | 2026-Q2 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO trimmed | 799,602 | $52M | 0.4% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 795,659 | $37M | 0.3% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 743,522 | $49M | 0.4% | 2026-Q2 |
| NICOLA WEALTH MANAGEMENT LTD. | 664,500 | $31M | 0.2% | 2026-Q2 |
| NEOS Investment Management LLC added | 653,163 | $30M | 0.2% | 2026-Q2 |
| Maryland State Retirement & Pension System trimmed | 628,603 | $29M | 0.2% | 2026-Q2 |
| Public Sector Pension Investment Board added | 612,594 | $28M | 0.2% | 2026-Q2 |
| Addenda Capital Inc. added | 606,697 | $40M | 0.3% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. added | 579,452 | $27M | 0.2% | 2026-Q2 |
| Purpose Unlimited Inc. trimmed | 537,262 | $25M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 530,096 | $25M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 510,227 | $24M | 0.2% | 2026-Q2 |
| BANK OF NOVA SCOTIA TRUST CO trimmed | 498,501 | $23M | 0.2% | 2026-Q2 |
| AVIVA PLC added | 495,430 | $23M | 0.2% | 2026-Q2 |
| MILLER HOWARD INVESTMENTS INC /NY trimmed | 465,233 | $22M | 0.2% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 456,609 | $21M | 0.2% | 2026-Q2 |
| BARCLAYS PLC added | 442,536 | $20M | 0.1% | 2026-Q2 |
| Harvest Portfolios Group Inc. added | 437,828 | $20M | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 437,151 | $20M | 0.1% | 2026-Q2 |
| GUARDIAN CAPITAL LP trimmed | 436,901 | $20M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 362,908 | $17M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 360,062 | $17M | 0.1% | 2026-Q2 |
| Catalyst Capital Advisors LLC trimmed | 342,181 | $16M | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 334,019 | $15M | 0.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 333,973 | $15M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury added | 330,610 | $15M | 0.1% | 2026-Q2 |
| CIDEL ASSET MANAGEMENT INC added | 307,057 | $14M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 303,247 | $14M | 0.1% | 2026-Q2 |
| Nykredit A/S new | 296,833 | $14M | 0.1% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 270,864 | $13M | 0.1% | 2026-Q2 |
| PJT Investments Corp. added | 267,146 | $12M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 265,909 | $12M | 0.1% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 252,937 | $12M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA trimmed | 251,106 | $12M | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 247,466 | $11M | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 240,705 | $11M | 0.1% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 238,329 | $11M | 0.1% | 2026-Q2 |
| MONTRUSCO BOLTON INVESTMENTS INC. trimmed | 224,122 | $10M | 0.1% | 2026-Q2 |
| Investment Management Corp of Ontario added | 207,302 | $10M | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 202,497 | $9M | 0.1% | 2026-Q2 |
| Northwest & Ethical Investments L.P. trimmed | 202,103 | $9M | 0.1% | 2026-Q2 |
| Man Group plc trimmed | 200,403 | $9M | 0.1% | 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.