| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Capital International Investors | 7.6% | -11% | $415,064,627 | -$55,395,936 | 15,836,117 | -12% | Capital International Investors | 30 Jun 2025 |
| FMR LLC | 4.8% | -27% | $276,991,222 | -$89,558,546 | 10,082,858 | -24% | FMR LLC | 31 Dec 2025 |
| GOLDMAN SACHS GROUP INC | 1.3% | -75% | $78,661,991 | -$260,869,445 | 2,780,558 | -77% | THE GOLDMAN SACHS GROUP, INC. | 30 Sep 2025 |
As of 31 Dec 2025, 270 institutional investors reported holding 127,190,623 shares of South Bow Corp - COMMON STOCK (SOBO). This represents 61% of the company’s total 210,059,533 outstanding shares.
The largest institutional shareholders of South Bow Corp - COMMON STOCK (SOBO) together control 50% 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 |
|---|---|---|---|---|---|
| ROYAL BANK OF CANADA | 7.9% | 16,592,190 | -27% | 0.08% | $455,787,000 |
| Capital International Investors | 7.4% | 15,483,085 | +0.62% | 0.07% | $425,840,316 |
| FMR LLC | 4.8% | 10,082,858 | -26% | 0.01% | $277,314,358 |
| VANGUARD GROUP INC | 4.1% | 8,667,365 | +1.4% | 0% | $238,387,207 |
| Clearbridge Investments, LLC | 3.5% | 7,262,965 | +3% | 0.16% | $199,513,650 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 3.1% | 6,456,032 | -29% | 0.02% | $177,348,000 |
| BANK OF MONTREAL /CAN/ | 2.9% | 6,145,325 | -0.21% | 0.07% | $169,021,714 |
| CIBC WORLD MARKET INC. | 1.7% | 3,571,092 | +12% | 0.18% | $98,240,741 |
| THORNBURG INVESTMENT MANAGEMENT INC | 1.3% | 2,829,875 | +42% | 0.98% | $77,840,120 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.1% | 2,391,584 | +9.8% | 0.1% | $65,696,812 |
| DIMENSIONAL FUND ADVISORS LP | 1.1% | 2,348,827 | +52% | 0.01% | $64,541,359 |
| TD Asset Management Inc | 0.98% | 2,055,635 | +21% | 0.05% | $56,611,506 |
| SCOTIA CAPITAL INC. | 0.98% | 2,053,500 | +14% | 0.23% | $56,401,895 |
| Legal & General Group Plc | 0.88% | 1,855,728 | -9.6% | 0.01% | $51,105,605 |
| CANADA PENSION PLAN INVESTMENT BOARD | 0.79% | 1,650,000 | +24% | 0.03% | $45,381,786 |
| BANK OF AMERICA CORP /DE/ | 0.77% | 1,617,660 | -31% | 0% | $44,437,120 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.77% | 1,612,433 | +44% | 0.12% | $44,348,539 |
| AMERICAN CENTURY COMPANIES INC | 0.73% | 1,529,980 | +60% | 0.02% | $42,079,884 |
| Invesco Ltd. | 0.73% | 1,523,169 | +1.1% | 0.01% | $41,841,453 |
| MORGAN STANLEY | 0.72% | 1,511,797 | -2.4% | 0% | $41,529,109 |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT | 0.71% | 1,490,500 | -2.6% | 2.3% | $40,944,035 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 0.65% | 1,373,600 | -2.5% | 0.03% | $37,889,534 |
| Recurrent Investment Advisors LLC | 0.65% | 1,370,635 | -15% | 3% | $37,787,068 |
| TD Waterhouse Canada Inc. | 0.64% | 1,336,103 | +7.6% | 0.23% | $36,700,116 |
| Boston Partners | 0.62% | 1,311,881 | -1.4% | 0.04% | $35,844,628 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 127,190,623 | $3,497,278,565 | -$339,710,932 | $27.47 | 270 |
| 2025 Q3 | 139,521,052 | $3,897,851,376 | -$146,720,133 | $28.29 | 287 |
| 2025 Q2 | 150,077,591 | $3,892,661,985 | -$48,993,977 | $25.91 | 282 |
| 2025 Q1 | 150,813,330 | $3,856,588,436 | +$330,239,893 | $25.52 | 289 |
| 2024 Q4 | 137,990,768 | $3,254,209,980 | +$3,252,855,470 | $23.57 | 275 |