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Ballard Power Systems Inc.

BLDP
Exchange
Nasdaq
Industry
Electrical Industrial Apparatus
SEC CIK
0001453015

No open-market purchases or sales by Ballard Power Systems Inc. insiders were filed in the last 90 days; 166 institutions reported holding it in 13F filings for Q2 2026, worth $405.5M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Ballard Power Systems Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
135
−1 vs. Q3 2025
Shares held
87.7M
+11.5M (+15.1%) vs. Q3 2025
Total value
$223.0M
+$15.6M (+7.5%) vs. Q3 2025
New holders
27
40 more added
Sold out
28
39 more reduced

3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BLDP on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 135 institutions
Q1 2021: 252 institutionsQ2 2021: 241 institutionsQ3 2021: 248 institutionsQ4 2021: 246 institutionsQ1 2022: 233 institutionsQ2 2022: 225 institutionsQ3 2022: 198 institutionsQ4 2022: 190 institutionsQ1 2023: 187 institutionsQ2 2023: 197 institutionsQ3 2023: 175 institutionsQ4 2023: 183 institutionsQ1 2024: 164 institutionsQ2 2024: 174 institutionsQ3 2024: 146 institutionsQ4 2024: 155 institutionsQ1 2025: 148 institutionsQ2 2025: 132 institutionsQ3 2025: 139 institutionsQ4 2025: 135 institutionsQ1 2026: 149 institutionsQ2 2026: 166 institutions
Value heldQ4 2025: $223.0M
Q1 2021: $2.08BQ2 2021: $1.37BQ3 2021: $1.20BQ4 2021: $1.13BQ1 2022: $986.4MQ2 2022: $532.1MQ3 2022: $536.8MQ4 2022: $403.7MQ1 2023: $426.3MQ2 2023: $326.4MQ3 2023: $269.4MQ4 2023: $245.2MQ1 2024: $189.6MQ2 2024: $164.5MQ3 2024: $110.8MQ4 2024: $107.3MQ1 2025: $63.4MQ2 2025: $120.1MQ3 2025: $207.5MQ4 2025: $223.0MQ1 2026: $216.6MQ2 2026: $405.5M
Institutions holding BLDP and their total value by quarter
QuarterHoldersValue
Q2 2026166$405.5M
Q1 2026149$216.6M
Q4 2025135$223.0M
Q3 2025139$207.5M
Q2 2025132$120.1M
Q1 2025148$63.4M
Q4 2024155$107.3M
Q3 2024146$110.8M
Q2 2024174$164.5M
Q1 2024164$189.6M
Q4 2023183$245.2M
Q3 2023175$269.4M
Q2 2023197$326.4M
Q1 2023187$426.3M
Q4 2022190$403.7M
Q3 2022198$536.8M
Q2 2022225$532.1M
Q1 2022233$986.4M
Q4 2021246$1.13B
Q3 2021248$1.20B
Q2 2021241$1.37B
Q1 2021252$2.08B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Ballard Power Systems Inc.; share changes are against Q3 2025.

Institutions holding BLDP in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
CWM, LLC100$00.00%00.0%Unchanged
Motiv8 Investments LLC100$00.00%+100New
Vermillion Wealth Management, Inc.8$200.00%00.0%Unchanged
Quaker Wealth Management, LLC15$390.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co46$1170.00%+46New
Crewe Advisors LLC50$1270.00%00.0%Unchanged
US Bancorp77$1960.00%00.0%Unchanged
McIlrath & Eck, LLC96$2440.00%00.0%Unchanged
Financial Consulate, Inc100$2540.00%00.0%Unchanged
Farther Finance Advisors, LLC100$2540.00%00.0%Unchanged
Signaturefd, LLC100$2540.00%+100New
Gs Investments, Inc.125$3180.00%00.0%Unchanged
Ameriflex Group, Inc.149$3780.00%−149−50.0%Reduced
Barclays PLC214$5440.00%−20,300−99.0%Reduced
Allworth Financial LP325$8260.00%00.0%Unchanged
Harbour Investments, Inc.397$1.01K0.00%00.0%Unchanged
WPG Advisers, LLC418$1.06K0.00%00.0%Unchanged
Kilter Group LLC500$1.27K0.00%−250−33.3%Reduced
Hoey Investments, Inc500$1.27K0.00%00.0%Unchanged
Fairscale Capital, LLC500$1.27K0.00%+500New
Banque Transatlantique SA665$1.78K0.00%00.0%Unchanged
FMR LLC702$1.79K0.00%00.0%Unchanged
Clayton Financial Group LLC852$2.17K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC942$2.39K0.00%+371+65.0%Added
Sound Income Strategies, LLC906$2.53K0.00%00.0%Unchanged
CoreCap Advisors, LLC1,000$2.54K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.1,600$4.06K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC1,859$4.72K0.00%00.0%Unchanged
GWM Advisors LLC1,900$4.83K0.00%00.0%Unchanged
Westside Investment Management, Inc.2,000$5.08K0.00%00.0%Unchanged
Huntington National Bank2,301$5.84K0.00%00.0%Unchanged
Jones Financial Companies LLLP3,605$9.16K0.00%−400−10.0%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main4,541$11.6K0.00%−38,889−89.5%Reduced
Wells Fargo & Company6,830$17.4K0.00%−1,291−15.9%Reduced
Deutsche Bank AG7,156$18.2K0.00%+7,156New
Russell Investments Group, Ltd.7,741$19.8K0.00%+7,741New
TD Waterhouse Canada Inc.8,185$20.8K0.00%−685−7.7%Reduced
Rockefeller Capital Management L.P.10,000$25.4K0.00%+6,952+228.1%Added
Swiss Life Asset Management Ltd10,147$25.9K0.00%+10,147New
Douglass Winthrop Advisors, LLC11,000$27.9K0.00%00.0%Unchanged
Intesa Sanpaolo S.p.A.11,150$28.3K0.00%+11,150New
Toroso Investments, LLC11,307$28.7K0.00%+11,307New
Advisor Group Holdings, Inc.11,577$29.4K0.00%+1,173+11.3%Added
HRT Financial LP12,240$31.0K0.00%−102,790−89.4%Reduced
SBI Securities Co., Ltd.12,672$32.2K0.00%−547−4.1%Reduced
Apollon Wealth Management, LLC14,450$36.7K0.00%00.0%Unchanged
Group One Trading, L.P.14,560$37.0K0.00%−259,014−94.7%Reduced
First Commonwealth Financial Corp14,881$37.8K0.01%00.0%Unchanged
Raymond James Financial Inc14,943$38.0K0.00%+2,094+16.3%Added
Caitong International Asset Management Co., Ltd15,024$38.2K0.01%+12,149+422.6%Added
Sigma Planning Corp15,093$38.3K0.00%−96−0.6%Reduced
DekaBank Deutsche Girozentrale15,071$44.0K0.00%00.0%Unchanged
Two Sigma Securities, LLC19,981$50.8K0.01%+7,704+62.8%Added
Tower Research Capital LLC (TRC)20,713$52.6K0.00%+12,257+145.0%Added
Aigen Investment Management, LP21,026$53.4K0.01%+21,026New
Citigroup Inc21,579$55.1K0.00%−706−3.2%Reduced
Mariner, LLC22,971$58.3K0.00%+1,208+5.6%Added
Daiwa Securities Group Inc.24,099$61.0K0.00%−9,481−28.2%Reduced
Toronto Dominion Bank23,940$61.0K0.00%−20,886−46.6%Reduced
JustInvest LLC24,107$61.2K0.00%−1,018−4.1%Reduced
CIBC World Markets Inc.29,556$75.4K0.00%+101+0.3%Added
Freemont Management S.A.30,000$76.2K0.02%00.0%Unchanged
CIBC Asset Management Inc34,749$88.6K0.00%+34,749New
Schonfeld Strategic Advisors LLC35,751$90.8K0.00%+35,751New
BlackRock, Inc.36,875$93.7K0.00%−1,666−4.3%Reduced
Jump Financial, LLC40,650$103.3K0.00%+40,650New
National Bank of Canada52,593$110.5K0.00%−613−1.2%Reduced
J. Derek Lewis & Associates Inc.46,000$116.8K0.03%+46,000New
Vontobel Holding Ltd.46,097$117.5K0.00%+10,000+27.7%Added
SIG North Trading, ULC46,338$117.7K0.02%−13,289−22.3%Reduced
Bank of Montreal49,374$125.9K0.00%+14,920+43.3%Added
Banque Cantonale Vaudoise51,384$131.0K0.00%−36,749−41.7%Reduced
Pictet Asset Management Holding SA52,687$134.5K0.00%+52,687New
Voleon Capital Management LP56,654$143.9K0.00%+56,654New
ProShare Advisors LLC56,784$144.2K0.00%+28,337+99.6%Added
Commonwealth Equity Services, LLC58,554$148.7K0.00%−2,229−3.7%Reduced
Public Employees Retirement System of Ohio65,675$167.7K0.00%+65,675New
Federation des caisses Desjardins du Quebec66,075$168.1K0.00%−4,000−5.7%Reduced
American Century Companies Inc68,831$175.5K0.00%+12,033+21.2%Added
Oxford Asset Management LLP79,142$201.0K0.07%+79,142New
LPL Financial LLC86,133$218.8K0.00%+2,080+2.5%Added
Stifel Financial Corp92,406$234.7K0.00%−2,432−2.6%Reduced
Scotia Capital Inc.95,344$242.2K0.00%+82,604+648.4%Added
Susquehanna International Group, LLP99,204$252.0K0.00%−256,182−72.1%Reduced
Occudo Quantitative Strategies LP100,023$254.1K0.02%+100,023New
Leonteq Securities AG120,936$319.2K0.02%−35,705−22.8%Reduced
Engineers Gate Manager LP125,995$320.0K0.00%+125,995New
Bruni J V & Co135,470$344.1K0.03%−67,297−33.2%Reduced
Squarepoint Ops LLC141,095$358.4K0.00%+141,095New
Graham Capital Management, L.P.144,145$366.1K0.01%+43,941+43.9%Added
HSBC Holdings PLC151,574$385.0K0.00%+29,699+24.4%Added
Marex Group plc152,761$388.0K0.00%00.0%Unchanged
SG Americas Securities, LLC154,188$392.0K0.00%−5,896−3.7%Reduced
Benjamin Edwards Inc167,550$425.6K0.00%+3,160+1.9%Added
Nuveen, LLC180,638$461.2K0.00%+180,638New
Amundi207,296$526.5K0.00%−14,474−6.5%Reduced
Mackenzie Financial Corp240,494$613.3K0.00%+93,835+64.0%Added
Vanguard Group Inc244,319$623.0K0.00%+244,319New
Quadrature Capital Ltd301,074$764.7K0.01%+261,486+660.5%Added
Royal Bank of Canada328,326$835.0K0.00%−2,330,186−87.7%Reduced