Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in EMA held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 18.0M | $935.5M | -10.8% | 5.952% | 0.16% |
| 2 | BANK OF MONTREAL /CAN/ | 18.0M | $930.9M | 0.0% | 5.926% | 0.35% |
| 3 | FIL Ltd | 12.8M | $664.1M | -0.2% | 4.228% | 0.52% |
| 4 | CIBC World Markets Inc. | 12.4M | $641.5M | +4.8% | 4.085% | 1.05% |
| 5 | ATLAS Infrastructure Partners (UK) Ltd. | 9.0M | $465.1M | +52.6% | 2.959% | 16.38% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 8.5M | $442.7M | β | 2.819% | 0.01% |
| 7 | TD ASSET MANAGEMENT INC | 7.6M | $393.8M | -1.0% | 2.515% | 0.32% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 4.3M | $242.9M | +4.8% | 1.435% | 0.02% |
| 9 | SCOTIA CAPITAL INC. | 4.7M | $240.5M | +0.8% | 1.541% | 0.99% |
| 10 | TD Waterhouse Canada Inc. | 4.6M | $235.3M | +128.7% | 1.510% | 0.70% |
| 11 | MACKENZIE FINANCIAL CORP | 4.1M | $211.7M | -6.3% | 1.348% | 0.25% |
| 12 | Legal & General Group Plc | 3.7M | $192.1M | -2.9% | 1.227% | 0.04% |
| 13 | NATIONAL BANK OF CANADA /FI/ | 3.7M | $188.5M | +9.0% | 1.205% | 0.19% |
| 14 | TORONTO DOMINION BANK | 3.4M | $177.6M | +15.8% | 1.131% | 0.26% |
| 15 | BANK OF NOVA SCOTIA | 3.3M | $173.6M | -1.6% | 1.106% | 0.30% |
| 16 | GOLDMAN SACHS GROUP INC | 3.3M | $171.1M | -2.3% | 1.089% | 0.02% |
| 17 | VANGUARD FIDUCIARY TRUST CO | 2.7M | $137.4M | β | 0.875% | 0.04% |
| 18 | CANADA PENSION PLAN INVESTMENT BOARD | 2.5M | $128.7M | -13.5% | 0.819% | 0.08% |
| 19 | Vanguard Global Advisers, LLC | 2.1M | $110.0M | β | 0.701% | 0.06% |
| 20 | BANK OF AMERICA CORP /DE/ | 1.9M | $98.8M | +4.1% | 0.628% | 0.01% |
| 21 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1.3M | $97.3M | β | 0.445% | 1.01% |
| 22 | INTACT INVESTMENT MANAGEMENT INC. | 1.8M | $93.0M | +104.9% | 0.592% | 2.65% |
| 23 | Connor, Clark & Lunn Investment Management Ltd. | 1.4M | $74.9M | -9.2% | 0.477% | 0.17% |
| 24 | MORGAN STANLEY | 1.4M | $73.5M | +23.9% | 0.468% | 0.00% |
| 25 | Invesco Ltd. | 1.2M | $61.0M | +39.8% | 0.388% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in EMA β a direct measure of their conviction.
Filings activity in EMA during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new EMA position in Q1 2026
Institutions that fully closed their EMA position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 205 | +18% | 51.82% | +3.82 pp | $8.25B | +8.0% |
| Q4 2025 | 174 | +6.7% | 48.00% | +1.29 pp | $7.64B | +2.8% |
| Q3 2025 | 163 | +25% | 46.71% | +2.38 pp | $7.44B | +5.4% |
| Q2 2025 | 130 | +2500% | 44.33% | +44.25 pp | $7.06B | +55935% |
| Q1 2025 | 5 | +67% | 0.08% | +0.06 pp | $13M | +361% |
| Q4 2024 | 3 | +0.0% | 0.02% | +0.00 pp | $3M | 11% |
| Q3 2024 | 3 | 40% | 0.02% | 0.03 pp | $3M | 61% |
| Q2 2024 | 5 | β | 0.05% | β | $8M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying EMA stock.
Based on Q1 2026 13F filings, institutional ownership of Emera Incorporated stands at 51.8%, held across 205 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of EMA, with approximately 18,034,886 shares worth $0.94B 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 EMA.
Our composite Smart Money Score for EMA is 58 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
48 institutions opened new positions in EMA during Q1 2026, while 17 fully exited. 127 added to existing positions and 30 trimmed.
EMA institutional ownership rose by 3.82 percentage points quarter-over-quarter, with a net change of +31 holders.
The top 10 institutions account for 62.9% of all reported 13F value in EMA, and the top 25 account for 87.0%.
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.
Emera Incorporated (EMA) Institutional Ownership