Emera Incorporated

EMA • NYSE

Emera Incorporated is a publicly traded company on NYSE, led by Scott Carlyle Balfour. As of Q3 2025, 146 institutional investors hold shares in this company, with total holdings valued at $6.3B. BANK OF MONTREAL /CAN/ is the largest holder with a position valued at $811.8M.

CEOScott Carlyle Balfour

Employees7.6K

Websiteemera.com

Overview

Overview of institutional ownership in EMA as of Q3 2025

All Institutions

Institutions: 146
Value Held: $6.3B
Shares Held: 131.1M
Avg Position: $43.2M
Median Position: $2.7M

Hedge Funds

Hedge Funds: 8
Value Held: $97.9M
Shares Held: 2.0M
Avg Position: $12.2M
Median Position: $3.0M

Biggest Investors

Institutions with the largest positions in EMA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$811.8M 0.36% of portfolio	0.00% 16.9M shares	Q2 2025 Held for 6 months	$227.19B
F FIL Ltd Institution	-	$632.0M 0.49% of portfolio	0.00% 13.2M shares	Q2 2025 Held for 6 months	$127.75B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$628.6M 0.01% of portfolio	0.00% 13.1M shares	Q2 2025 Held for 6 months	$6.69T
C CIBC World Markets Inc. Institution	-	$494.1M 1.01% of portfolio	0.00% 10.3M shares	Q2 2025 Held for 6 months	$48.7B
T TD ASSET MANAGEMENT INC Institution	-	$370.4M 0.30% of portfolio	0.00% 7.7M shares	Q2 2025 Held for 6 months	$123.48B
Clearbridge Investments, LLC Long Only Manager	Terrence James Murphy President	$329.3M 0.25% of portfolio	0.00% 6.9M shares	Q3 2025 Held for 3 months	$132.87B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$248.5M 0.30% of portfolio	0.00% 5.2M shares	Q2 2025 Held for 6 months	$82.7B
S SCOTIA CAPITAL INC. Institution	-	$216.8M 0.91% of portfolio	0.00% 4.6M shares	Q2 2025 Held for 6 months	$23.7B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$195.2M 0.01% of portfolio	0.00% 3.8M shares	Q2 2025 Held for 6 months	$1.57T
L LEGAL & GENERAL GROUP PLC Institution	-	$190.3M 0.04% of portfolio	0.00% 4.0M shares	Q2 2025 Held for 6 months	$445.99B

Net Capital Flow

Institutional buying and selling activity for EMA in Q3 2025

Traded: +$418.1M
Buyers: 93
Sellers: 42
Total Bought: +$844.5M
Total Sold: −$426.4M
Avg Position: $40.4M

Biggest Buyers

Institution	Net Bought	Current Position
Clearbridge Investments, LLC Long Only Manager	+$329.3M +6.9M shares	$329.3M 6.9M shares
ATLAS Infrastructure Partners Ltd. Real Assets	+$175.4M +3.7M shares	$175.4M 3.7M shares
UBS Group AG Institution	+$40.1M +836.0K shares	$59.6M 1.2M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$31.5M +620.6K shares	$195.2M 3.8M shares
VANGUARD GROUP INC Institution	+$22.2M +463.1K shares	$628.6M 13.1M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$21.2M +441.6K shares	$54.3M 1.1M shares
BANK OF MONTREAL /CAN/ Institution	+$18.6M +387.3K shares	$811.8M 16.9M shares
L LEGAL & GENERAL GROUP PLC Institution	+$17.8M +370.5K shares	$190.3M 4.0M shares
BANK OF AMERICA CORP /DE/ Institution	+$15.6M +324.9K shares	$76.6M 1.6M shares
Federation des caisses Desjardins du Quebec Fund of Funds	+$12.8M +269.6K shares	$49.8M 1.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$102.5M −2.1M shares	$156.5M 3.3M shares
BANK OF NOVA SCOTIA / Institution	−$66.0M −1.4M shares	$153.1M 3.2M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$65.3M −1.4M shares	$74.3M 1.5M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	−$42.7M −889.4K shares	$43.7M 911.4K shares
C CIBC World Markets Inc. Institution	−$26.1M −545.2K shares	$494.1M 10.3M shares
INTACT INVESTMENT MANAGEMENT INC. Private Equity	−$25.7M −535.2K shares	$55.3M 1.2M shares
CIBC Global Asset Management Inc Long Only Manager	−$20.3M −423.2K shares	$74.1M 1.5M shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$11.5M −240.2K shares	$179.6M 3.8M shares
Hillsdale Investment Management Inc. Long Only Manager	−$11.0M −229.7K shares	$34.4M 716.8K shares
M MACQUARIE GROUP LTD Institution	−$10.7M −172.0K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited EMA in Q3 2025

New Positions: 41
New Value: $570.7M
Exited Positions: 10
Exited Value: $28.6M

New Positions

Institution	Position Value
Clearbridge Investments, LLC Long Only Manager	$329.3M 6.9M shares
ATLAS Infrastructure Partners Ltd. Real Assets	$175.4M 3.7M shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$11.4M 237.5K shares
Cardinal Capital Management, Inc. RIA/Wealth	$10.5M 218.8K shares
C Cardinal Point Capital Management, ULC Hedge Fund•Value	$10.2M 213.0K shares
A Amundi Institution	$8.1M 168.8K shares
BARCLAYS PLC Institution	$5.9M 123.3K shares
J JANE STREET GROUP, LLC Institution	$3.2M 66.9K shares
G GCIC Ltd. Institution	$3.2M 66.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.9M 61.0K shares

Exited Positions

Institution	Previous Position
M MACQUARIE GROUP LTD Institution	$10.7M 172.0K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$6.1M 133.6K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$4.5M 98.1K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$2.3M 49.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.8M 39.7K shares
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$1.6M 35.6K shares
D DRW Securities, LLC Institution	$1.2M 20.0K shares
YOUSIF CAPITAL MANAGEMENT, LLC Long Only Manager	$209.4K 4.6K shares
T Tower Research Capital LLC Institution	$27.5K 600.0 shares
TWIN PEAKS WEALTH ADVISORS, LLC RIA/Wealth	$1.0K 22.0 shares

Options Activity

Institutions with the largest Call and Put options positions in EMA as of Q3 2025

Call Positions: 3
Call Value: $42.0M
Put Positions: 3
Put Value: $40.0M

Call Positions

Institution	Position Value
TORONTO DOMINION BANK Institution	$23.3M 4.9K contracts
S SIG North Trading, ULC Institution	$15.1M 3.1K contracts
D D. E. Shaw & Co., Inc. Institution	$3.6M 750.0 contracts

Put Positions

Institution	Position Value
D D. E. Shaw & Co., Inc. Institution	$26.4M 5.5K contracts
S SIG North Trading, ULC Institution	$13.5M 2.8K contracts
TORONTO DOMINION BANK Institution	$143.9K 30.0 contracts

Most Committed Institutions

Institutions with EMA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ATLAS Infrastructure Partners Ltd. Real Assets	Clinton Leigh Joyner COO	8.62% $175.4M	0.00% 3.7M shares	Q3 2025 Held for 3 months	$2.0B
H Heronetta Management, L.P. Hedge Fund•Sector	Henry Reynolds Breck Managing Partner	2.37% $4.4M	0.00% 66.5K shares	Q2 2025 Held for 6 months	$187.0M
INTACT INVESTMENT MANAGEMENT INC. Private Equity	Edward Joseph Keefe CFO	1.68% $55.3M	0.00% 1.2M shares	Q2 2025 Held for 6 months	$3.3B
Tacita Capital Inc Private Equity	Edward Joseph Keefe CFO	1.66% $2.7M	0.00% 57.1K shares	Q2 2025 Held for 6 months	$165.2M
Hillsdale Investment Management Inc. Long Only Manager	Albert Christopher Guthrie CEO	1.03% $34.4M	0.00% 716.8K shares	Q2 2025 Held for 6 months	$3.3B
C CIBC World Markets Inc. Institution	-	1.01% $494.1M	0.00% 10.3M shares	Q2 2025 Held for 6 months	$48.7B
A Addenda Capital Inc. Long Only Manager	Roger Jean Beauchemin CEO	0.94% $32.0M	0.00% 478.7K shares	Q2 2025 Held for 6 months	$3.4B
S SCOTIA CAPITAL INC. Institution	-	0.91% $216.8M	0.00% 4.6M shares	Q2 2025 Held for 6 months	$23.7B
Guardian Partners Inc. RIA/Wealth	Mark Benedetti Member	0.71% $8.5M	0.00% 177.4K shares	Q2 2025 Held for 6 months	$1.2B
C Cardinal Point Capital Management, ULC Hedge Fund•Value	Michelle Lynn Yarwood CCO	0.71% $10.2M	0.00% 213.0K shares	Q3 2025 Held for 3 months	$1.4B

Hedge Fund Spotlight

Discover hedge funds investing in EMA

Heronetta Management, L.P.

Hedge Fund • Sector

Portfolio ManagerHenry Reynolds Breck

Portfolio Value: $187.0M
Positions: 26
Last Reported: Q3 2025

Sector Allocation

Position in Emera Incorporated

Market Value: $4.4M
Shares Held: 66.5K
Portfolio Weight: 2.37%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 MPLX MPLX	Oil & Gas Midstream Energy	$17.8M	9.51%
2 Williams Companies WMB	Oil & Gas Midstream Energy	$17.5M	9.36%
3 Enterprise Products Partners EPD	Oil & Gas Midstream Energy	$17.2M	9.18%