SOBO Institutional Ownership
South Bow Corporation
1W: +2.9%
1M: +5.8%
3M: -5.0%
YTD: +27.2%
1Y: +35.7%
$35.48
-0.21 (-0.59%)
Weekly Expected Move ±2.9%
$33
$34
$35
$36
$37
Credit Risk of going bust: lower than 72% of companies Debt: 43.7% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $1.19 (down 97%), South Bow Corporation would be worth roughly what it owes.
Total debt $5.73B against a stock market value of $7.40B.
Distance to default 7.95 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.87B (short-term plus half of long-term), stock volatility 22.3%; Altman Z'' 1.27. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Total debt $5.73B against a stock market value of $7.40B.
Distance to default 7.95 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.87B (short-term plus half of long-term), stock volatility 22.3%; Altman Z'' 1.27. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
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ETF Exposure
Dark Pool
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Institutional Ownership — SOBO
335
Institutional Holders
+7 vs prior quarter
0.0%
Ownership
+0.00pp
$4B
Total Invested
37
New Positions
90
Increased
123
Reduced
30
Closed
0.78
Put/Call Ratio
Ownership Trends
Top Institutional Holders (356 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | FMR LLC | 21,894,771 | $777M | +12,223,172 | +126.4% | 7Q | SEC ↗ |
| 2 | ROYAL BANK OF CANADA | 14,568,342 | $517M | -1,835,032 | -11.2% | 7Q | SEC ↗ |
| 3 | Clearbridge Investments, LLC | 8,855,108 | $314M | +185,151 | +2.1% | 5Q | SEC ↗ |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 6,048,601 | $215M | +80,602 | +1.4% | 2Q | SEC ↗ |
| 5 | BANK OF MONTREAL /CAN | 5,554,724 | $197M | -1,038,025 | -15.7% | 7Q | SEC ↗ |
| 6 | PRICE T ROWE ASSOCIATES INC /MD | 5,244,591 | $186M | +7,481 | +0.1% | 7Q | SEC ↗ |
| 7 | THORNBURG INVESTMENT MANAGEMENT INC | 3,721,332 | $132M | +88,457 | +2.4% | 6Q | SEC ↗ |
| 8 | CIBC WORLD MARKET INC. | 3,403,902 | $121M | -35,358 | -1.0% | 7Q | SEC ↗ |
| 9 | DIMENSIONAL FUND ADVISORS LP | 3,043,017 | $108M | +128,403 | +4.4% | 7Q | SEC ↗ |
| 10 | Connor, Clark & Lunn Investment Manage | 2,779,943 | $99M | -13,614 | -0.5% | 7Q | SEC ↗ |
| 11 | BANK OF AMERICA CORP /DE | 2,757,560 | $98M | +763,792 | +38.3% | 7Q | SEC ↗ |
| 12 | MACKENZIE FINANCIAL CORP | 2,535,573 | $90M | +2,039,298 | +410.9% | 7Q | SEC ↗ |
| 13 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,157,673 | $77M | -76,732 | -3.4% | 7Q | SEC ↗ |
| 14 | AMERICAN CENTURY COMPANIES INC | 2,132,078 | $76M | +1,222,336 | +134.4% | 7Q | SEC ↗ |
| 15 | TD Waterhouse Canada Inc. | 1,946,786 | $69M | +16,097 | +0.8% | 7Q | SEC ↗ |
| 16 | VANGUARD FIDUCIARY TRUST CO | 1,844,124 | $65M | +21,847 | +1.2% | 2Q | SEC ↗ |
| 17 | Legal & General Group Plc | 1,784,790 | $63M | +23,605 | +1.3% | 7Q | SEC ↗ |
| 18 | GOLDMAN SACHS GROUP INC | 1,781,923 | $63M | +372,004 | +26.4% | 7Q | SEC ↗ |
| 19 | SCOTIA CAPITAL INC. | 1,753,475 | $62M | -35,383 | -2.0% | 7Q | SEC ↗ |
| 20 | TD Asset Management Inc | 1,648,279 | $58M | -726,848 | -30.6% | 7Q | SEC ↗ |
| 21 | MORGAN STANLEY | 1,626,299 | $58M | +291,504 | +21.8% | 7Q | SEC ↗ |
| 22 | Vanguard Global Advisers, LLC | 1,405,526 | $50M | +135,001 | +10.6% | 2Q | SEC ↗ |
| 23 | Invesco Ltd. | 1,289,008 | $46M | -233,651 | -15.3% | 7Q | SEC ↗ |
| 24 | TWO SIGMA INVESTMENTS, LP | 1,222,942 | $43M | -166,446 | -12.0% | 7Q | SEC ↗ |
| 25 | MANUFACTURERS LIFE INSURANCE COMPANY, | 1,170,452 | $42M | -122,033 | -9.4% | 7Q | SEC ↗ |
| 26 | Recurrent Investment Advisors LLC | 1,158,738 | $41M | -2,278 | -0.2% | 5Q | SEC ↗ |
| 27 | BARCLAYS PLC | 1,129,454 | $40M | +193,423 | +20.7% | 7Q | SEC ↗ |
| 28 | D. E. Shaw & Co., Inc. | 1,127,006 | $40M | +684,232 | +154.5% | 7Q | SEC ↗ |
| 29 | INTACT INVESTMENT MANAGEMENT INC. | 1,015,860 | $36M | -50,000 | -4.7% | 7Q | SEC ↗ |
| 30 | WESTWOOD HOLDINGS GROUP INC | 1,004,618 | $36M | -187,317 | -15.7% | 7Q | SEC ↗ |
| 31 | TORONTO DOMINION BANK | 999,798 | $35M | -115,262 | -10.3% | 7Q | SEC ↗ |
| 32 | PORTLAND INVESTMENT COUNSEL INC. | 951,824 | $34M | -18,237 | -1.9% | 7Q | SEC ↗ |
| 33 | TORTOISE CAPITAL ADVISORS, L.L.C. | 943,552 | $33M | -16,532 | -1.7% | 7Q | SEC ↗ |
| 34 | CUSHING ASSET MANAGEMENT, LP dba NXG I | 855,500 | $30M | -10,000 | -1.2% | 7Q | SEC ↗ |
| 35 | Capital International Investors | 854,458 | $30M | -3,459,141 | -80.2% | 7Q | SEC ↗ |
| 36 | GEODE CAPITAL MANAGEMENT, LLC | 849,366 | $30M | -29,759 | -3.4% | 7Q | SEC ↗ |
| 37 | Brookfield Corp /ON | 833,871 | $30M | +316,666 | +61.2% | 7Q | SEC ↗ |
| 38 | NORGES BANK NEW | 759,445 | $27M | — | +0.0% | 1Q | SEC ↗ |
| 39 | Boston Partners | 753,936 | $27M | -485,003 | -39.1% | 6Q | SEC ↗ |
| 40 | Blackstone Inc. | 666,481 | $24M | -30,695 | -4.4% | 7Q | SEC ↗ |
| 41 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 540,885 | $19M | +56,505 | +11.7% | 7Q | SEC ↗ |
| 42 | Sixth Street Partners Management Compa NEW | 540,885 | $19M | — | +0.0% | 1Q | SEC ↗ |
| 43 | NATIONAL BANK OF CANADA /FI | 536,100 | $19M | +44,600 | +9.1% | 7Q | SEC ↗ |
| 44 | MILLER HOWARD INVESTMENTS INC /NY | 496,936 | $18M | -30,853 | -5.8% | 7Q | SEC ↗ |
| 45 | BlackRock, Inc. | 486,641 | $17M | +286,471 | +143.1% | 7Q | SEC ↗ |
| 46 | JPMORGAN CHASE & CO | 442,837 | $16M | -327,268 | -42.5% | 7Q | SEC ↗ |
| 47 | Swiss National Bank | 420,520 | $15M | +8,200 | +2.0% | 7Q | SEC ↗ |
| 48 | CIBC Asset Management Inc | 379,616 | $13M | +39,513 | +11.6% | 7Q | SEC ↗ |
| 49 | Heathbridge Capital Management Ltd. | 338,000 | $12M | +800 | +0.2% | 5Q | SEC ↗ |
| 50 | CITADEL ADVISORS LLC | 318,459 | $11M | -84,066 | -20.9% | 5Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| NORGES BANK | 759,445 | $27M |
| Sixth Street Partners Management Co | 540,885 | $19M |
| HITE Hedge Asset Management LLC | 255,184 | $9M |
| Qube Research & Technologies Ltd | 220,419 | $8M |
| Trexquant Investment LP | 205,082 | $7M |
| Treasurer of the State of North Car | 196,169 | $7M |
| Ruffer LLP | 179,920 | $6M |
| XTX Topco Ltd | 98,168 | $3M |
| Entropy Technologies, LP | 29,776 | $1M |
| Spark Investment Management LLC | 17,000 | $603K |
| DV Trading LLC | 12,600 | $447K |
| Dynamic Technology Lab Private Ltd | 9,483 | $336K |
| Y-Intercept (Hong Kong) Ltd | 8,847 | $314K |
| Fieldview Capital Management, LLC | 8,570 | $304K |
| Headlands Technologies LLC | 8,070 | $286K |
| Hazelview Securities Inc. | 7,347 | $261K |
| OLD MISSION CAPITAL LLC | 7,154 | $254K |
| Caitong International Asset Managem | 6,201 | $220K |
| Nykredit A/S | 3,900 | $138K |
| Fulcrum Asset Management LLP | 3,466 | $123K |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| Capital Research Global Investors | 10,278,370 | $365M |
| Murchinson Ltd. | 1,725,100 | $61M |
| OMERS ADMINISTRATION Corp | 330,000 | $12M |
| Quadrature Capital Ltd | 119,700 | $4M |
| Pacer Advisors, Inc. | 75,155 | $3M |
| CAPITAL INTERNATIONAL LTD /CA | 67,471 | $2M |
| Heronetta Management, L.P. | 46,497 | $2M |
| Capital International, Inc./CA | 40,959 | $1M |
| Aquatic Capital Management LLC | 37,793 | $1M |
| AXQ CAPITAL, LP | 22,336 | $792K |
| Centiva Capital, LP | 18,862 | $669K |
| SIMPLEX TRADING, LLC | 15,182 | $539K |
| CAPITAL GROUP INVESTMENT MANAGEMENT | 15,099 | $536K |
| ARROWSTREET CAPITAL, LIMITED PARTNE | 12,038 | $427K |
| STATE OF WISCONSIN INVESTMENT BOARD | 11,720 | $416K |
| Fiera Capital Corp | 10,842 | $385K |
| Equitable Holdings, Inc. | 9,020 | $320K |
| GTS SECURITIES LLC | 8,928 | $317K |
| CenterBook Partners LP | 6,255 | $222K |
| Sageworth Trust Co | 6,242 | $221K |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| FMR LLC | +12,223,172 | +126.4% | 21,894,771 |
| MACKENZIE FINANCIAL CORP | +2,039,298 | +410.9% | 2,535,573 |
| AMERICAN CENTURY COMPANIES INC | +1,222,336 | +134.4% | 2,132,078 |
| BANK OF AMERICA CORP /DE | +763,792 | +38.3% | 2,757,560 |
| D. E. Shaw & Co., Inc. | +684,232 | +154.5% | 1,127,006 |
| GOLDMAN SACHS GROUP INC | +372,004 | +26.4% | 1,781,923 |
| Brookfield Corp /ON | +316,666 | +61.2% | 833,871 |
| MORGAN STANLEY | +291,504 | +21.8% | 1,626,299 |
| BlackRock, Inc. | +286,471 | +143.1% | 486,641 |
| BARCLAYS PLC | +193,423 | +20.7% | 1,129,454 |
| Clearbridge Investments, LLC | +185,151 | +2.1% | 8,855,108 |
| JANE STREET GROUP, LLC | +148,796 | +95.2% | 305,104 |
| Vanguard Global Advisers, LLC | +135,001 | +10.6% | 1,405,526 |
| DIMENSIONAL FUND ADVISORS LP | +128,403 | +4.4% | 3,043,017 |
| UBS Group AG | +93,750 | +55.2% | 263,468 |
| THORNBURG INVESTMENT MANAGEMENT INC | +88,457 | +2.4% | 3,721,332 |
| VANGUARD CAPITAL MANAGEMENT LLC | +80,602 | +1.4% | 6,048,601 |
| BRITISH COLUMBIA INVESTMENT MANAGEM | +78,979 | +44.4% | 257,021 |
| Amundi | +61,988 | +696.5% | 70,888 |
| HRT FINANCIAL LP | +58,352 | +70.8% | 140,734 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| Capital International Investors | -3,459,141 | -80.2% | 854,458 |
| CANADA PENSION PLAN INVESTMENT BOAR | -2,144,600 | -93.3% | 154,400 |
| ROYAL BANK OF CANADA | -1,835,032 | -11.2% | 14,568,342 |
| BANK OF MONTREAL /CAN | -1,038,025 | -15.7% | 5,554,724 |
| TD Asset Management Inc | -726,848 | -30.6% | 1,648,279 |
| Alberta Investment Management Corp | -530,000 | -71.3% | 212,851 |
| Boston Partners | -485,003 | -39.1% | 753,936 |
| JPMORGAN CHASE & CO | -327,268 | -42.5% | 442,837 |
| Invesco Ltd. | -233,651 | -15.3% | 1,289,008 |
| WESTWOOD HOLDINGS GROUP INC | -187,317 | -15.7% | 1,004,618 |
| TWO SIGMA INVESTMENTS, LP | -166,446 | -12.0% | 1,222,942 |
| MANUFACTURERS LIFE INSURANCE COMPAN | -122,033 | -9.4% | 1,170,452 |
| TORONTO DOMINION BANK | -115,262 | -10.3% | 999,798 |
| Man Group plc | -112,146 | -47.3% | 124,726 |
| MILLENNIUM MANAGEMENT LLC | -110,530 | -49.7% | 111,843 |
| CAPITAL INTERNATIONAL SARL | -95,532 | -76.0% | 30,096 |
| CITADEL ADVISORS LLC | -84,066 | -20.9% | 318,459 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Lt | -76,732 | -3.4% | 2,157,673 |
| SIG North Trading, ULC | -76,037 | -55.4% | 61,171 |
| Ninepoint Partners LP | -75,000 | -30.0% | 175,000 |