Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
413 institutional managers reported holding PBA for the quarter ended Mar 31, 2026. Together they hold about 50% of shares outstanding; the top 10 hold 26%. 58 opened new positions; 31 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| Royal Bank OF Canada | 38.73M | 6.67% | $1.73B | trimmed -8.4% | ≤2013 |
| Vanguard Group | 27.88M | 4.80% | $1.25B | added +2.3% | 2015 Q1 |
| Bank OF Montreal /CAN/ | 21.08M | 3.63% | $943.1M | trimmed -17.7% | ≤2013 |
| Cibc World Market INC. | 12.28M | 2.11% | $549.4M | added +12.7% | ≤2013 |
| 1832 Asset Management L.p. | 11.73M | 2.02% | $524.7M | unchanged | ≤2013 |
| Manufacturers Life Insurance Company, THE | 8.92M | 1.54% | $399.3M | trimmed -9.2% | ≤2013 |
| Clearbridge Investments, LLC | 8.45M | 1.45% | $377.8M | added +416.4% | 2021 Q1 |
| Mackenzie Financial CORP | 8.28M | 1.43% | $370.5M | trimmed -24.1% | ≤2013 |
| FIL LTD | 7.79M | 1.34% | $348.3M | trimmed -44.3% | 2018 Q2 |
| Scotia Capital INC. | 6.75M | 1.16% | $301.8M | trimmed -1.9% | ≤2013 |
| TD Asset Management INC | 6.33M | 1.09% | $283.3M | added +0.7% | ≤2013 |
| Geode Capital | 5.87M | 1.01% | $262.6M | added +1.5% | 2017 Q2 |
| National Bank OF Canada /FI/ | 5.75M | 0.99% | $257.4M | added +11.6% | 2021 Q4 |
| Deutsche Bank AG\ | 5.73M | 0.99% | $256.2M | added +95.9% | ≤2013 |
| Cibc Asset Management INC | 5.67M | 0.97% | $253.5M | trimmed -34.3% | ≤2013 |
| Goldman Sachs | 5.15M | 0.89% | $230.6M | added +28.6% | ≤2013 |
| Legal & General Group PLC | 4.44M | 0.76% | $198.6M | trimmed -0.5% | ≤2013 |
| Bank OF Nova Scotia | 4.30M | 0.74% | $192.3M | trimmed -5.5% | ≤2013 |
| Tortoise Capital Advisors, L.l.c. | 3.98M | 0.69% | $178.2M | added +3.4% | ≤2013 |
| Morgan Stanley | 3.92M | 0.67% | $175.2M | trimmed -17.1% | ≤2013 |
| Cardinal Capital Management, INC. | 3.56M | 0.61% | $159.1M | added +8.6% | 2019 Q3 |
| Amundi | 3.38M | 0.58% | $151.1M | added +15.1% | 2017 Q4 |
| Dimensional Fund Advisors | 3.33M | 0.57% | $148.9M | added +15.4% | ≤2013 |
| Mirae Asset Global Etfs Holdings LTD. | 3.13M | 0.54% | $139.9M | added +2.3% | 2019 Q1 |
| Bank OF America CORP /DE/ | 2.91M | 0.50% | $130.0M | trimmed -53.1% | ≤2013 |
| Toronto Dominion Bank | 2.66M | 0.46% | $119.0M | trimmed -21.1% | ≤2013 |
| TD Waterhouse Canada INC. | 2.47M | 0.42% | $110.5M | added +45% | 2021 Q4 |
| Invesco | 2.28M | 0.39% | $101.9M | trimmed -4.2% | ≤2013 |
| DekaBank Deutsche Girozentrale | 2.19M | 0.38% | $97.8M | unchanged | ≤2013 |
| Alberta Investment Management CORP | 2.16M | 0.37% | $96.5M | added +374.3% | 2025 Q4 |
| Swiss National Bank | 1.96M | 0.34% | $87.5M | added +27% | ≤2013 |
| Charles Schwab Investment Management | 1.83M | 0.31% | $81.7M | added +4% | 2024 Q2 |
| FMR (Fidelity) | 1.72M | 0.30% | $77.1M | trimmed -27% | ≤2013 |
| Intact Investment Management INC. | 1.70M | 0.29% | $76.1M | trimmed -21.6% | ≤2013 |
| Kayne Anderson Capital Advisors LP (focused) | 1.61M | 0.28% | $71.9M | trimmed -9% | 2017 Q1 |
| BCV Asset Management INC. | 1.59M | 0.27% | $71.2M | trimmed -1.3% | 2025 Q4 |
| Nuveen | 1.58M | 0.27% | $70.6M | trimmed -8.2% | 2023 Q4 |
| UniSuper Management Pty LTD | 1.57M | 0.27% | $70.1M | added +4.4% | 2023 Q3 |
| Recurrent Investment Advisors LLC | 1.49M | 0.26% | $66.9M | unchanged | 2019 Q4 |
| Westwood Holdings Group INC | 1.47M | 0.25% | $65.6M | trimmed -6.4% | 2022 Q4 |
| Cushing Asset Management, LP dba NXG Investment Management | 1.36M | 0.23% | $60.7M | added +0.7% | 2018 Q1 |
| Federation des caisses Desjardins du Quebec | 1.35M | 0.23% | $60.4M | trimmed -11% | 2017 Q1 |
| Franklin Resources | 1.31M | 0.23% | $58.4M | added +10% | ≤2013 |
| Neuberger Berman Group LLC | 1.30M | 0.22% | $58.2M | trimmed -3.3% | 2017 Q2 |
| D. E. Shaw | 1.27M | 0.22% | $56.8M | added +12728.7% | 2020 Q3 |
| CPP Investment Board | 1.26M | 0.22% | $56.4M | trimmed -78.9% | ≤2013 |
| Healthcare OF Ontario Pension Plan Trust Fund | 1.22M | 0.21% | $54.5M | opened | 2025 Q1 |
| Lincluden Management LTD | 999.5k | 0.17% | $44.7M | added +11.8% | 2021 Q3 |
| First Trust Advisors LP | 982.9k | 0.17% | $44.0M | trimmed -15.9% | 2021 Q3 |
| Blackstone | 952.9k | 0.16% | $42.6M | trimmed -1.2% | 2020 Q2 |
Largest 50 of 413 shown; the full ranked, searchable register is at boothcheck.com/holders/PBA. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.