Enbridge

ENB • NYSE

Enbridge is a oil & gas midstream company in the energy sector on NYSE, led by Gregory Lorne Ebel, with a market cap of $102.19B. As of Q3 2025, 49% of shares are held by 1,367 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 6.13%.

CEOGregory Lorne Ebel

Market Cap$102.19B

Oil & Gas Midstream

Energy

Employees11.5K

Websiteenbridge.com

Country

United States of America

Overview

Overview of institutional ownership in ENB as of Q3 2025 with a market cap of $110.03B

All Institutions

Institutions: 1,367
Value Held: $54.4B
Shares Held: 1.08B
Avg Position: $39.8M
Median Position: $717.8K

Hedge Funds

Hedge Funds: 43
Value Held: $336.0M
Shares Held: 6.6M
Avg Position: $7.8M
Median Position: $965.8K

Ownership Breakdown

Institutional (non-HF)

49.15%

$54.1B

Hedge Funds

0.305%

$336.0M

Retail & Other

50.54%

$55.6B

Based on market cap of $110.03B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ENB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$6.7B 1.24% of portfolio	6.13% 133.7M shares	≤ Q2 2013 Held for 12y 6m+	$542.04B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$5.0B 0.07% of portfolio	4.51% 98.3M shares	Q1 2015 Held for 10y 9m	$6.69T
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$4.2B 6.48% of portfolio	3.83% 83.6M shares	Q2 2024 Held for 1y 6m	$65.1B
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$2.9B 1.29% of portfolio	2.66% 58.0M shares	≤ Q2 2013 Held for 12y 6m+	$227.19B
T TD ASSET MANAGEMENT INC Institution	-	$2.0B 1.64% of portfolio	1.84% 40.0M shares	≤ Q2 2013 Held for 12y 6m+	$123.48B
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	Kevin G. Burke CEO	$2.0B 0.67% of portfolio	1.81% 39.6M shares	Q1 2014 Held for 11y 9m	$298.07B
G GCIC Ltd. Institution	-	$1.5B 2.54% of portfolio	1.36% 29.6M shares	≤ Q2 2013 Held for 12y 6m+	$58.8B
C CIBC World Markets Inc. Institution	-	$1.1B 2.36% of portfolio	1.04% 22.8M shares	≤ Q2 2013 Held for 12y 6m+	$48.7B
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$1.1B 0.93% of portfolio	1.01% 22.1M shares	≤ Q2 2013 Held for 12y 6m+	$120.17B
Clearbridge Investments, LLC Long Only Manager	Terrence James Murphy President	$1.1B 0.82% of portfolio	0.99% 21.6M shares	≤ Q2 2013 Held for 12y 6m+	$132.87B

Net Capital Flow

Institutional buying and selling activity for ENB in Q3 2025

Traded: −$672.4M
Buyers: 601
Sellers: 575
Total Bought: +$2.8B
Total Sold: −$3.5B
Avg Position: $37.5M

Biggest Buyers

Institution	Net Bought	Current Position
GQG Partners LLC Long Only Manager	+$398.2M +7.9M shares	$4.2B 83.6M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$302.5M +6.0M shares	$1.1B 22.1M shares
BANK OF NOVA SCOTIA / Institution	+$260.1M +5.2M shares	$480.5M 9.5M shares
Clearbridge Investments, LLC Long Only Manager	+$187.9M +3.7M shares	$1.1B 21.6M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$154.8M +3.1M shares	$2.0B 39.6M shares
BANK OF MONTREAL /CAN/ Institution	+$142.0M +2.8M shares	$2.9B 58.0M shares
MORGAN STANLEY RIA/Wealth	+$124.6M +2.5M shares	$624.7M 12.4M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$113.9M +2.2M shares	$1.0B 20.0M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$101.8M +2.0M shares	$334.7M 6.6M shares
VANGUARD GROUP INC Institution	+$95.5M +1.9M shares	$5.0B 98.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$1.6B −31.3M shares	$516.5M 10.2M shares
C CIBC World Markets Inc. Institution	−$191.8M −3.8M shares	$1.1B 22.8M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$160.7M −3.2M shares	$126.4M 2.5M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	−$159.9M −3.2M shares	$506.6M 10.0M shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$140.4M −2.8M shares	$938.2M 18.6M shares
CIBC Global Asset Management Inc Long Only Manager	−$126.0M −2.5M shares	$761.4M 15.1M shares
R ROYAL BANK OF CANADA Institution	−$97.2M −1.9M shares	$6.7B 133.7M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$77.9M −1.5M shares	$364.1M 7.2M shares
BANK OF AMERICA CORP /DE/ Institution	−$77.9M −1.5M shares	$502.1M 10.0M shares
G GCIC Ltd. Institution	−$73.3M −1.5M shares	$1.5B 29.6M shares

Entry and Exit Activity

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

New Positions: 41
New Value: $111.0M
Exited Positions: 86
Exited Value: $179.7M

New Positions

Institution	Position Value
A ANTIPODES PARTNERS Ltd Hedge Fund•Long/Short	$88.4M 1.8M shares
C CAXTON ASSOCIATES LLP Institution	$12.6M 249.1K shares
M Maxi Investments CY Ltd Institution	$1.0M 20.2K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$726.0K 14.4K shares
J. Safra Sarasin Holding AG Fund of Funds	$658.7K 13.1K shares
S SIH Partners, LLLP Institution	$458.3K 9.1K shares
WNY Asset Management, LLC RIA/Wealth	$456.6K 9.0K shares
Investment Research Partners LLC Hedge Fund•Multi-Strategy	$410.2K 8.8K shares
MOODY ALDRICH PARTNERS LLC Long Only Manager	$346.8K 6.9K shares
Knights of Columbus Asset Advisors LLC Long Only Manager	$335.6K 6.7K shares

Exited Positions

Institution	Previous Position
JENNISON ASSOCIATES LLC Long Only Manager	$59.1M 1.3M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$39.5M 871.6K shares
Artisan Partners Limited Partnership Long Only Manager	$30.8M 678.1K shares
A AXA Institution	$5.2M 113.9K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$4.1M 89.7K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$3.9M 85.9K shares
WHITTIER TRUST CO OF NEVADA INC RIA/Wealth	$3.7M 80.9K shares
BCJ Capital Management, LLC RIA/Wealth	$3.3M 71.7K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$2.5M 55.4K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	$2.4M 53.3K shares

Options Activity

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

Call Positions: 27
Call Value: $515.6M
Put Positions: 22
Put Value: $894.4M

Call Positions

Institution	Position Value
S SIG North Trading, ULC Institution	$84.1M 16.7K contracts
R ROYAL BANK OF CANADA Institution	$77.0M 15.3K contracts
D D. E. Shaw & Co., Inc. Institution	$57.9M 11.5K contracts
TORONTO DOMINION BANK Institution	$43.6M 8.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$41.6M 8.2K contracts
BANK OF MONTREAL /CAN/ Institution	$38.9M 7.7K contracts
J JANE STREET GROUP, LLC Institution	$37.9M 7.5K contracts
PERISCOPE CAPITAL INC. Institution	$25.2M 5.0K contracts
BANK OF AMERICA CORP /DE/ Institution	$20.8M 4.1K contracts
GOLDMAN SACHS GROUP INC Institution	$16.8M 3.3K contracts

Put Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$340.6M 67.5K contracts
S SIG North Trading, ULC Institution	$147.8M 29.3K contracts
TORONTO DOMINION BANK Institution	$130.8M 25.9K contracts
D D. E. Shaw & Co., Inc. Institution	$106.9M 21.2K contracts
GOLDMAN SACHS GROUP INC Institution	$55.4M 11.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$33.0M 6.5K contracts
J JANE STREET GROUP, LLC Institution	$17.5M 3.5K contracts
C CIBC World Markets Inc. Institution	$16.9M 3.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$11.3M 2.2K contracts
Walleye Trading LLC RIA/Wealth	$7.4M 1.5K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Morgan Stanley Institutional Investment Advisors LLC Pension/Endowment	Brian Hale Weinstein President	46.99% $391.0M	0.36% 7.7M shares	Q2 2024 Held for 1y 6m	$832.0M
G Galibier Capital Management Ltd. Institution	-	8.40% $25.2M	0.02% 499.6K shares	Q4 2018 Held for 7 years	$300.1M
Amplify Investments, LLC ETF Provider	William Belden President	8.16% $314.4K	0.00% 6.2K shares	Q2 2025 Held for 6 months	$3.9M
C CINCINNATI CASUALTY CO Institution	-	7.94% $15.6M	0.01% 309.4K shares	Q1 2017 Held for 8y 9m	$196.7M
H Heronetta Management, L.P. Hedge Fund•Sector	Henry Reynolds Breck Managing Partner	7.09% $13.3M	0.01% 193.3K shares	Q4 2012 Held for 13 years	$187.0M
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	6.48% $4.2B	3.83% 83.6M shares	Q2 2024 Held for 1y 6m	$65.1B
Dupree Financial Group, LLC RIA/Wealth	William Martin Ambrose CFO	6.07% $15.6M	0.01% 309.8K shares	Q4 2023 Held for 2 years	$257.5M
C CINCINNATI INDEMNITY CO Institution	-	6.01% $2.5M	0.00% 49.2K shares	Q1 2017 Held for 8y 9m	$41.3M
Q QV Investors Inc. Institution	-	5.54% $59.5M	0.05% 1.2M shares	Q4 2017 Held for 8 years	$1.1B
St. James Investment Company, LLC Long Only Manager	Robert Joseph Mark Manager	5.30% $33.7M	0.03% 668.5K shares	Q3 2016 Held for 9y 3m	$636.7M

Hedge Fund Spotlight

Discover hedge funds investing in ENB

Knuff & Co LLC

Hedge Fund • Event Driven

Portfolio ManagerHeather B Knuff

Portfolio Value: $345.1M
Positions: 122
Last Reported: Q3 2025

Sector Allocation

Position in Enbridge

Market Value: $113.6K
Shares Held: 2.3K
Portfolio Weight: 0.03%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$39.7M	11.51%
2 Microsoft MSFT	Software - Infrastructure Technology	$30.7M	8.90%
3 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$20.6M	5.97%