ALGONQUIN POWER & UTILITIES CORP. - Common shares (AQN) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common shares
Symbol
AQN on NYSE
Shares outstanding
768,114,521
Price per share
$6.34
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
250,843,905
Total reported value
$1,547,541,929
% of total 13F portfolios
0%
Share change
+18,686,425
Value change
+$117,423,251
Number of holders
172
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of ALGONQUIN POWER & UTILITIES CORP. - Common shares (AQN) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
EdgePoint Investment Group Inc. 11% +46% $502,623,418 +$153,522,106 81,727,385 +44% EdgePoint Investment Group Inc. 31 Dec 2025
Starboard Value LP 8.7% $351,430,570 66,433,000 Starboard Value LP 13 Mar 2025
FIL Ltd 6.5% +70% $268,086,526 +$114,837,439 49,923,003 +75% FIL Limited 30 Sep 2025
BlackRock, Inc. 4.4% -16% $179,400,251 -$32,067,827 33,913,091 -15% BlackRock, Inc. 31 Mar 2025

As of 31 Dec 2025, 172 institutional investors reported holding 250,843,905 shares of ALGONQUIN POWER & UTILITIES CORP. - Common shares (AQN). This represents 33% of the company’s total 768,114,521 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of ALGONQUIN POWER & UTILITIES CORP. - Common shares (AQN) together control 27% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 4.5% 34,456,155 +2.1% 0% $211,870,898
BANK OF MONTREAL /CAN/ 2.7% 20,717,144 +23% 0.05% $127,395,188
ARIEL INVESTMENTS, LLC 2.1% 15,920,654 -2.6% 1.1% $97,912,022
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 1.7% 13,084,592 -0.23% 0.43% $80,460,609
PRINCIPAL FINANCIAL GROUP INC 1.6% 12,069,980 0.04% $74,262,754
NORGES BANK 1.4% 10,906,124 0.01% $67,064,635
BANK OF NOVA SCOTIA 1.3% 10,276,178 +1% 0.09% $63,187,383
DIMENSIONAL FUND ADVISORS LP 0.99% 7,572,396 +3.6% 0.01% $46,571,538
Legal & General Group Plc 0.9% 6,939,528 -9.2% 0.01% $42,727,836
FIRST TRUST ADVISORS LP 0.89% 6,858,330 +1.3% 0.03% $42,178,729
PRIVATE MANAGEMENT GROUP INC 0.84% 6,432,155 -1.1% 1.2% $39,557,753
Callodine Capital Management, LP 0.75% 5,749,636 +3% 2.8% $35,360,261
GOLDMAN SACHS GROUP INC 0.74% 5,711,454 -42% 0.01% $35,125,442
Connor, Clark & Lunn Investment Management Ltd. 0.64% 4,943,308 +49% 0.08% $30,397,953
BlackRock, Inc. 0.6% 4,630,028 +2.8% 0% $28,474,674
NEUBERGER BERMAN GROUP LLC 0.59% 4,540,036 +8.6% 0.02% $27,921,221
Packer & Co Ltd 0.59% 4,513,113 0% 7.4% $27,756,000
MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.58% 4,447,495 -17% 0.02% $27,361,178
MORGAN STANLEY 0.53% 4,093,675 -1% 0% $25,176,102
INTACT INVESTMENT MANAGEMENT INC. 0.53% 4,066,619 -13% 0.72% $25,005,292
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.51% 3,944,942 +6.1% 0.01% $24,258,894
CIBC WORLD MARKET INC. 0.48% 3,700,005 -43% 0.04% $22,755,031
PICTON MAHONEY ASSET MANAGEMENT 0.46% 3,519,080 +193% 0.24% $21,669,875
GAMCO INVESTORS, INC. ET AL 0.43% 3,286,322 +8.5% 0.19% $20,210,878
Federation des caisses Desjardins du Quebec 0.39% 3,028,957 -52% 0.07% $18,614,472

Institutional Holders of ALGONQUIN POWER & UTILITIES CORP. - Common shares (AQN) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 250,843,905 $1,547,541,929 +$117,423,251 $6.15 172
2025 Q3 505,506,604 $2,719,162,775 +$151,210,046 $5.37 241
2025 Q2 471,024,738 $2,699,668,696 +$148,215,423 $5.73 231
2025 Q1 452,297,109 $2,326,567,168 +$154,867,116 $5.14 226
2024 Q4 426,194,981 $1,894,929,264 +$42,906,127 $4.45 219
2024 Q3 410,902,061 $2,244,783,425 +$33,246,526 $5.45 232
2024 Q2 402,631,122 $2,362,732,320 +$155,283,525 $5.86 253
2024 Q1 364,195,265 $2,303,409,807 -$14,922,941 $6.32 228
2023 Q4 375,223,618 $2,376,387,761 +$83,511,415 $6.32 248
2023 Q3 338,896,878 $2,005,611,312 +$37,891,529 $5.92 253
2023 Q2 367,763,610 $3,055,964,965 +$99,206,614 $8.26 270
2023 Q1 359,418,996 $3,023,481,166 +$429,921,223 $8.40 268
2022 Q4 308,410,546 $2,049,575,045 +$85,735,573 $6.52 254
2022 Q3 287,200,654 $3,151,780,025 +$33,145,077 $10.91 244
2022 Q2 235,811,131 $3,165,418,809 +$205,498,688 $13.43 249
2022 Q1 259,456,044 $4,024,748,416 +$57,876,841 $15.52 236
2021 Q4 256,010,190 $3,703,690,626 +$7,399,769 $14.45 238
2021 Q3 247,841,498 $3,637,055,785 -$149,679,404 $14.66 222
2021 Q2 258,330,649 $3,878,881,954 -$106,054,264 $14.89 227
2021 Q1 264,180,524 $4,204,002,179 -$45,210,094 $15.84 217
2020 Q4 268,023,237 $4,424,884,870 -$171,608,604 $16.46 220
2020 Q3 275,306,404 $4,025,163,906 +$729,883,502 $14.53 202
2020 Q2 226,287,188 $2,908,032,776 -$78,933,353 $12.93 199
2020 Q1 231,394,608 $3,065,167,944 +$136,873,993 $13.40 180
2019 Q4 226,185,525 $3,213,671,746 +$24,516,424 $14.15 166
2019 Q3 225,328,984 $3,087,271,114 -$27,262,082 $13.70 148
2019 Q2 228,389,201 $2,752,147,571 +$37,981,770 $12.12 141
2019 Q1 223,782,615 $2,520,300,436 +$59,447,578 $11.26 127
2018 Q4 219,461,853 $2,206,246,983 +$147,848,685 $10.05 122
2018 Q3 204,693,447 $2,118,343,601 +$128,629,363 $10.35 102
2018 Q2 192,373,633 $1,859,584,818 +$134,078,427 $9.67 95
2018 Q1 178,436,216 $1,768,781,426 +$173,121,429 $9.91 98
2017 Q4 160,870,579 $1,798,798,235 +$314,804,019 $11.17 89
2017 Q3 135,706,034 $1,433,156,798 -$46,549,598 $10.57 81
2017 Q2 140,079,633 $1,474,347,048 +$22,313,064 $10.53 77
2017 Q1 137,986,619 $1,318,775,833 +$273,603,544 $9.55 71
2016 Q4 105,640,225 $894,387,351 +$890,446,135 $8.48 64
2016 Q3 463,121 $4,141,000 +$4,033 $8.94 1
2016 Q2 462,670 $4,236,000 +$4,236,000 $9.16 1
2015 Q2 0 $0 -$16,000 $6.34 0
2015 Q1 2,200 $16,000 $7.27 1
2014 Q4 2,200 $18,000 $8.18 1
2014 Q3 2,200 $17,000 $7.73 1
2014 Q2 2,200 $17,000 $7.73 1
2014 Q1 2,200 $16,000 -$17,000 $7.27 1