South Bow Corp
SOBO- Exchange
- NYSE
- Industry
- Pipe Lines (No Natural Gas)
- SEC CIK
- 0002019061
No open-market purchases or sales by South Bow Corp insiders were filed in the last 90 days; 305 institutions reported holding it in 13F filings for Q2 2026, worth $4.59B in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in South Bow Corp 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
- 281
- −6 vs. Q3 2025
- Shares held
- 127.5M
- −12.0M (−8.6%) vs. Q3 2025
- Total value
- $3.51B
- −$391.8M (−10.1%) vs. Q3 2025
- New holders
- 35
- 91 more added
- Sold out
- 41
- 86 more reduced
5 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 SOBO 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 305 | $4.59B |
| Q1 2026 | 302 | $4.40B |
| Q4 2025 | 281 | $3.51B |
| Q3 2025 | 292 | $3.90B |
| Q2 2025 | 288 | $3.90B |
| Q1 2025 | 300 | $3.97B |
| Q4 2024 | 285 | $3.28B |
| Q3 2024 | 0 | $0 |
| Q2 2024 | 0 | $0 |
| Q1 2024 | 0 | $0 |
| Q4 2023 | 0 | $0 |
| Q3 2023 | 0 | $0 |
| Q2 2023 | 0 | $0 |
| Q1 2023 | 0 | $0 |
| Q4 2022 | 0 | $0 |
| Q3 2022 | 0 | $0 |
| Q2 2022 | 0 | $0 |
| Q1 2022 | 0 | $0 |
| Q4 2021 | 0 | $0 |
| Q3 2021 | 0 | $0 |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding South Bow Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Royal Bank of Canada | 16,592,199 | $455.8M | 0.08% | −5,994,200−26.5% | Reduced |
| Capital International Investors | 15,483,085 | $425.8M | 0.07% | +94,772+0.6% | Added |
| FMR LLC | 10,082,858 | $277.3M | 0.01% | −3,570,347−26.2% | Reduced |
| Vanguard Group Inc | 8,667,365 | $238.4M | 0.00% | +118,147+1.4% | Added |
| Clearbridge Investments, LLC | 7,262,965 | $199.5M | 0.16% | +209,864+3.0% | Added |
| Price T Rowe Associates Inc | 6,456,032 | $177.3M | 0.02% | −2,676,370−29.3% | Reduced |
| Bank of Montreal | 6,145,325 | $169.0M | 0.07% | −13,055−0.2% | Reduced |
| CIBC World Markets Inc. | 3,571,092 | $98.2M | 0.18% | +376,514+11.8% | Added |
| Thornburg Investment Management Inc | 2,829,875 | $77.8M | 0.98% | +832,574+41.7% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 2,391,584 | $65.7M | 0.10% | +212,978+9.8% | Added |
| Dimensional Fund Advisors LP | 2,348,827 | $64.5M | 0.01% | +799,707+51.6% | Added |
| TD Asset Management Inc | 2,055,635 | $56.6M | 0.05% | +359,108+21.2% | Added |
| Scotia Capital Inc. | 2,053,500 | $56.4M | 0.23% | +256,246+14.3% | Added |
| Legal & General Group Plc | 1,855,728 | $51.1M | 0.01% | −197,784−9.6% | Reduced |
| Canada Pension Plan Investment Board | 1,650,000 | $45.4M | 0.03% | +315,000+23.6% | Added |
| Bank of America Corp | 1,617,660 | $44.4M | 0.00% | −734,745−31.2% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 1,612,433 | $44.3M | 0.12% | +493,801+44.1% | Added |
| American Century Companies Inc | 1,529,980 | $42.1M | 0.02% | +570,949+59.5% | Added |
| Invesco Ltd. | 1,523,169 | $41.8M | 0.00% | +16,230+1.1% | Added |
| Morgan Stanley | 1,511,797 | $41.5M | 0.00% | −37,243−2.4% | Reduced |
| Cushing Asset Management, LP | 1,490,500 | $40.9M | 2.35% | −40,000−2.6% | Reduced |
| Manufacturers Life Insurance Company, The | 1,373,600 | $37.9M | 0.03% | −35,670−2.5% | Reduced |
| Recurrent Investment Advisors LLC | 1,370,635 | $37.8M | 2.79% | −235,329−14.7% | Reduced |
| TD Waterhouse Canada Inc. | 1,336,103 | $36.7M | 0.23% | +93,805+7.6% | Added |
| Boston Partners | 1,311,881 | $35.8M | 0.04% | −18,481−1.4% | Reduced |
| Brookfield Asset Management Inc. | 1,212,156 | $33.3M | 0.04% | −88,002−6.8% | Reduced |
| Toronto Dominion Bank | 1,194,847 | $32.9M | 0.06% | +499,094+71.7% | Added |
| Westwood Holdings Group Inc. | 1,077,286 | $29.6M | 0.24% | +34,247+3.3% | Added |
| Goldman Sachs Group Inc | 1,050,023 | $28.8M | 0.00% | −1,246,885−54.3% | Reduced |
| Intact Investment Management Inc. | 964,360 | $26.5M | 0.76% | +158,100+19.6% | Added |
| Tortoise Capital Advisors, L.L.C. | 942,091 | $25.9M | 0.33% | −737−0.1% | Reduced |
| Norges Bank | 893,176 | $24.6M | 0.00% | +893,176 | New |
| Miller Howard Investments Inc | 798,348 | $21.9M | 0.66% | +35,331+4.6% | Added |
| Two Sigma Investments, LP | 765,932 | $21.0M | 0.03% | −4,978−0.6% | Reduced |
| Portland Investment Counsel Inc. | 751,044 | $20.7M | 6.22% | 00.0% | Unchanged |
| Barclays PLC | 748,859 | $20.6M | 0.01% | −29,567−3.8% | Reduced |
| Blackstone Group Inc. | 709,098 | $19.5M | 0.08% | −1,461,311−67.3% | Reduced |
| Citadel Advisors LLC | 700,200 | $19.2M | 0.01% | +677,279+2,954.8% | Added |
| Geode Capital Management, LLC | 692,541 | $19.1M | 0.00% | +487,904+238.4% | Added |
| National Bank of Canada | 696,794 | $19.0M | 0.02% | +178,495+34.4% | Added |
| Qube Research & Technologies Ltd | 532,722 | $14.6M | 0.02% | −251,843−32.1% | Reduced |
| Mackenzie Financial Corp | 463,475 | $13.1M | 0.02% | +177,016+61.8% | Added |
| Charles Schwab Investment Management Inc | 441,204 | $12.2M | 0.00% | −783−0.2% | Reduced |
| Heathbridge Capital Management Ltd. | 419,950 | $11.6M | 4.42% | +214,150+104.1% | Added |
| Swiss National Bank | 412,320 | $11.4M | 0.01% | +5,200+1.3% | Added |
| Bank of Nova Scotia | 385,197 | $10.6M | 0.02% | +134,155+53.4% | Added |
| Omers Administration Corp | 330,000 | $9.09M | 0.06% | +320,500+3,373.7% | Added |
| CIBC Asset Management Inc | 315,155 | $8.67M | 0.02% | +2,593+0.8% | Added |
| Federation des caisses Desjardins du Quebec | 306,731 | $8.43M | 0.03% | −729−0.2% | Reduced |
| FIL Ltd | 293,627 | $8.08M | 0.01% | +23,000+8.5% | Added |
| BlackRock, Inc. | 279,356 | $7.67M | 0.00% | +92,120+49.2% | Added |
| Two Sigma Advisers, LP | 253,100 | $6.95M | 0.01% | −162,400−39.1% | Reduced |
| Ninepoint Partners LP | 250,000 | $6.87M | 0.82% | −25,600−9.3% | Reduced |
| Millennium Management LLC | 240,475 | $6.61M | 0.00% | +195,978+440.4% | Added |
| Maryland State Retirement & Pension System | 237,732 | $6.54M | 0.13% | −14,682−5.8% | Reduced |
| Purpose Unlimited Inc. | 222,293 | $6.11M | 0.28% | +222,293 | New |
| Exchange Traded Concepts, LLC | 178,575 | $4.91M | 0.04% | −30,884−14.7% | Reduced |
| Catalyst Capital Advisors LLC | 161,679 | $4.44M | 0.09% | −42,290−20.7% | Reduced |
| Nuveen, LLC | 155,622 | $4.29M | 0.00% | 00.0% | Unchanged |
| Capital International Sarl | 145,403 | $4.00M | 0.06% | −687−0.5% | Reduced |
| Quadrature Capital Ltd | 141,500 | $3.90M | 0.04% | −325,500−69.7% | Reduced |
| Van Eck Associates Corp | 137,289 | $3.77M | 0.00% | +5,855+4.5% | Added |
| Franklin Resources Inc | 132,887 | $3.65M | 0.00% | +11,841+9.8% | Added |
| Russell Investments Group, Ltd. | 128,345 | $3.53M | 0.00% | +14,019+12.3% | Added |
| UBS Group AG | 125,364 | $3.44M | 0.00% | +7,384+6.3% | Added |
| Moors & Cabot, Inc. | 124,151 | $3.41M | 0.15% | +1,700+1.4% | Added |
| TCW Group Inc | 123,700 | $3.40M | 0.02% | 00.0% | Unchanged |
| Triasima Portfolio Management inc. | 118,400 | $3.26M | 0.49% | +5,815+5.2% | Added |
| Man Group plc | 117,671 | $3.23M | 0.01% | +117,671 | New |
| British Columbia Investment Management Corp | 110,620 | $3.04M | 0.02% | −10,730−8.8% | Reduced |
| Ausbil Investment Management Ltd | 106,483 | $2.93M | 1.67% | 00.0% | Unchanged |
| Capital Group Private Client Services, Inc. | 106,354 | $2.93M | 0.05% | −10,953−9.3% | Reduced |
| Deutsche Bank AG | 103,476 | $2.84M | 0.00% | +3,059+3.0% | Added |
| Trexquant Investment LP | 99,351 | $2.73M | 0.02% | −58,290−37.0% | Reduced |
| Northern Trust Corp | 98,697 | $2.71M | 0.00% | −10,859−9.9% | Reduced |
| 1832 Asset Management L.P. | 98,363 | $2.70M | 0.00% | +141+0.1% | Added |
| Alberta Investment Management Corp | 77,528 | $2.13M | 0.01% | −104,500−57.4% | Reduced |
| Pacer Advisors, Inc. | 75,155 | $2.06M | 0.01% | +75,155 | New |
| Quantbot Technologies LP | 71,811 | $1.97M | 0.07% | −25,349−26.1% | Reduced |
| Commonwealth Equity Services, LLC | 71,693 | $1.97M | 0.00% | +656+0.9% | Added |
| Envestnet Asset Management Inc | 71,510 | $1.96M | 0.00% | +49,152+219.8% | Added |
| HighTower Advisors, LLC | 70,328 | $1.93M | 0.00% | +2,466+3.6% | Added |
| Wiley Bros.-Aintree Capital, LLC | 67,030 | $1.85M | 0.01% | +53,690+402.5% | Added |
| Public Employees Retirement System of Ohio | 66,718 | $1.84M | 0.01% | +5,284+8.6% | Added |
| Capital International Ltd | 66,555 | $1.83M | 0.06% | +11,138+20.1% | Added |
| Heronetta Management, L.P. | 46,497 | $1.73M | 1.00% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 57,607 | $1.58M | 0.00% | −61,384−51.6% | Reduced |
| Vident Advisory, LLC | 55,465 | $1.53M | 0.01% | −2,811−4.8% | Reduced |
| Raymond James Financial Inc | 55,319 | $1.52M | 0.00% | +300+0.5% | Added |
| SIG North Trading, ULC | 53,498 | $1.47M | 0.26% | +53,498 | New |
| Pictet Asset Management Holding SA | 49,916 | $1.37M | 0.00% | −548,953−91.7% | Reduced |
| Greenline Partners, LLC | 49,867 | $1.37M | 0.16% | −216−0.4% | Reduced |
| Jane Street Group, LLC | 46,495 | $1.28M | 0.00% | −267,072−85.2% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 44,490 | $1.23M | 0.00% | +4,700+11.8% | Added |
| Alps Advisors Inc | 41,498 | $1.14M | 0.01% | +9,905+31.4% | Added |
| LPL Financial LLC | 38,499 | $1.06M | 0.00% | +615+1.6% | Added |
| Oppenheimer & Co Inc | 37,858 | $1.04M | 0.01% | −1,737−4.4% | Reduced |
| Aquatic Capital Management LLC | 37,793 | $1.04M | 0.03% | +37,793 | New |
| Investment Management Corp of Ontario | 37,341 | $1.03M | 0.01% | +17,823+91.3% | Added |
| Steadtrust LLC | 34,320 | $942.8K | 0.58% | −170−0.5% | Reduced |