SOBO
South Bow Corporation · Energy · Oil & Gas Midstream
Momentum inputs (comparable managers): holder breadth 0.0% · share flow -0.2% · net new positions 0.0% — formula
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 90 | -2 | 107.66M | $3.83B | +3 | −4 |
| Q1 2026 | 92 | +11 | 108.67M | $3.62B | +13 | −3 |
| Q4 2025 | 82 | -2 | 109.58M | $3.01B | +1 | −2 |
| Q3 2025 | 14 | +1 | 37.25M | $1.05B | +1 | −1 |
| Q2 2025 | 11 | 0 | 36.32M | $942.29M | +2 | −2 |
| Q1 2025 | 8 | 0 | 14.50M | $370.21M | +2 | −2 |
| Q4 2024 | 8 | +8 | 15.39M | $363.37M | +8 | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Fidelity (FMR) ✦ | 13.39M | — | $347.61M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | Fidelity (FMR) ✦ | 13.39M | — | $347.61M | 0.0% | n/c | 1 | SEC ↗ |
| 3 | Fidelity (FMR) ✦ | 13.39M | — | $347.61M | 0.0% | n/c | 1 | SEC ↗ |
| 4 | Fidelity (FMR) ✦ | 13.39M | — | $347.61M | 0.0% | n/c | 1 | SEC ↗ |
| 5 | Fidelity (FMR) ✦ | 13.39M | — | $347.61M | 0.0% | n/c | 1 | SEC ↗ |
| 6 | Fidelity (FMR) ✦ | 13.39M | — | $347.61M | 0.0% | n/c | 1 | SEC ↗ |
| 7 | T. Rowe Price ✦ | 12.82M | +1.6% | $332.07M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 8 | The Vanguard Group ✦ (passive) | 8.34M | — | $216.50M | 0.0% | n/c | 1 | SEC ↗ |
| 9 | The Vanguard Group ✦ (passive) | 8.34M | — | $216.50M | 0.0% | n/c | 1 | SEC ↗ |
| 10 | The Vanguard Group ✦ (passive) | 8.34M | — | $216.50M | 0.0% | n/c | 1 | SEC ↗ |
| 11 | The Vanguard Group ✦ (passive) | 8.34M | — | $216.50M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | The Vanguard Group ✦ (passive) | 8.34M | — | $216.50M | 0.0% | n/c | 1 | SEC ↗ |
| 13 | Norges Bank ✦ (passive) | 1.01M | -14.5% | $26.25M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 14 | Geode Capital Management ✦ (passive) | 172.49K | +7.5% | $4.50M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 15 | Geode Capital Management ✦ (passive) | 172.49K | +7.5% | $4.50M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 16 | Renaissance Technologies ✦ | 163.88K | +268.3% | $4.25M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 160.04K | — | $4.15M | 0.0% | n/c | 1 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 160.04K | — | $4.15M | 0.0% | n/c | 1 | SEC ↗ |
| 19 | BlackRock ✦ (passive) | 160.04K | — | $4.15M | 0.0% | n/c | 1 | SEC ↗ |
| 20 | BlackRock ✦ (passive) | 160.04K | — | $4.15M | 0.0% | n/c | 1 | SEC ↗ |
| 21 | Two Sigma Investments ✦ | 147.72K | -65.2% | $3.83M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 22 | D. E. Shaw & Co. ✦ | 62.63K | +46.6% | $1.63M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 23 | Millennium Management ✦ | 42.43K | New | $1.10M | 0.0% | New | 1 | SEC ↗ |
| 24 | Citadel Advisors ✦ | 15.74K | New | $407,746 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Millennium Management | $1.10M | 0.0% |
| Citadel Advisors | $407,746 | 0.0% |
Exited
| Point72 Asset Management | $545,847 | was 0.0% |
| Arrowstreet Capital | $291,641 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 297 holders, 131.13M shares, $4.18B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.