Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in AQN held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | EdgePoint Investment Group Inc. | 81.5M | $499.1M | -0.3% | 10.599% | 4.00% |
| 2 | Starboard Value LP | 57.2M | $351.1M | -9.9% | 7.440% | 7.69% |
| 3 | FIL Ltd | 38.1M | $233.4M | -22.2% | 4.958% | 0.18% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 22.4M | $137.1M | — | 2.911% | 0.00% |
| 5 | ROYAL BANK OF CANADA | 20.7M | $127.4M | +11.7% | 2.699% | 0.02% |
| 6 | BANK OF MONTREAL /CAN/ | 20.2M | $123.5M | -2.7% | 2.622% | 0.05% |
| 7 | ARIEL INVESTMENTS, LLC | 19.6M | $120.6M | +23.4% | 2.555% | 1.35% |
| 8 | PRINCIPAL FINANCIAL GROUP INC | 13.6M | $83.5M | +13.0% | 1.774% | 0.04% |
| 9 | BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 13.3M | $81.5M | +1.7% | 1.732% | 0.48% |
| 10 | Clearbridge Investments, LLC | 12.8M | $78.8M | — | 1.670% | 0.07% |
| 11 | Mitsubishi UFJ Trust & Banking Corp | 12.7M | $76.5M | — | 1.646% | 0.19% |
| 12 | BANK OF NOVA SCOTIA | 7.9M | $48.6M | -22.8% | 1.032% | 0.08% |
| 13 | GOLDMAN SACHS GROUP INC | 7.8M | $47.8M | +36.4% | 1.013% | 0.01% |
| 14 | Neuberger Berman Group LLC | 7.7M | $47.6M | +70.4% | 1.006% | 0.04% |
| 15 | DIMENSIONAL FUND ADVISORS LP | 7.7M | $47.4M | +1.9% | 1.004% | 0.01% |
| 16 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 7.3M | $44.9M | +85.6% | 0.952% | 0.02% |
| 17 | MORGAN STANLEY | 7.1M | $43.5M | +73.3% | 0.923% | 0.00% |
| 18 | VANGUARD FIDUCIARY TRUST CO | 6.8M | $41.5M | — | 0.882% | 0.01% |
| 19 | Legal & General Group Plc | 6.6M | $40.1M | -5.2% | 0.856% | 0.01% |
| 20 | PRIVATE MANAGEMENT GROUP INC | 6.4M | $39.1M | -1.1% | 0.828% | 1.12% |
| 21 | FIRST TRUST ADVISORS LP | 5.6M | $34.5M | -18.0% | 0.731% | 0.02% |
| 22 | NATIONAL BANK OF CANADA /FI/ | 5.6M | $34.3M | +3.3% | 0.729% | 0.04% |
| 23 | PICTON MAHONEY ASSET MANAGEMENT | 4.9M | $29.9M | +38.7% | 0.635% | 0.30% |
| 24 | Man Group plc | 4.8M | $29.7M | +163.8% | 0.629% | 0.05% |
| 25 | Vanguard Global Advisers, LLC | 4.7M | $28.9M | — | 0.615% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in AQN — a direct measure of their conviction.
Filings activity in AQN during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 243 | +0.0% | 68.30% | 1.23 pp | $3.12B | 1.8% |
| Q4 2025 | 243 | +0.4% | 69.53% | +10.85 pp | $3.17B | +18% |
| Q3 2025 | 242 | +4.3% | 58.68% | 1.66 pp | $2.68B | 2.7% |
| Q2 2025 | 232 | +4.5% | 60.34% | +10.19 pp | $2.76B | +20% |
| Q1 2025 | 222 | +0.9% | 50.15% | +9.28 pp | $2.29B | +23% |
| Q4 2024 | 220 | 4.3% | 40.87% | 9.83 pp | $1.87B | 19% |
| Q3 2024 | 230 | 9.1% | 50.70% | 149.29 pp | $2.32B | 98% |
| Q2 2024 | 253 | — | 199.99% | — | $106.03B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying AQN stock.
Based on Q1 2026 13F filings, institutional ownership of Algonquin Power & Utilities Corp. stands at 68.3%, held across 243 reporting institutions.
EdgePoint Investment Group Inc. is the largest reported institutional holder of AQN, with approximately 81,472,394 shares worth $0.50B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of AQN.
Our composite Smart Money Score for AQN is 27 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
37 institutions opened new positions in AQN during Q1 2026, while 37 fully exited. 90 added to existing positions and 107 trimmed.
AQN institutional ownership fell by 1.23 percentage points quarter-over-quarter, with a net change of +0 holders.
The top 10 institutions account for 58.9% of all reported 13F value in AQN, and the top 25 account for 79.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Algonquin Power & Utilities Corp. (AQN) Institutional Ownership