AQN ALGONQUIN PWR UTILS CORP
COM
CUSIP: 015857105
FIGI: BBG000BLZFL5
Institutional Holders245
Total Institutional Value$3,191,156,228
Total Shares Held524,841,289
Avg Position$13,025,127
Top 5 Holders %48.1%
Alpha-Weighted Score71.9
New Positions+29
Exited Positions-28
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| EDGEPOINT INVESTMENT MANAGEMENT INC | Elite Conviction | Low Flow | $502,563,259 (15.7%) | 81,727,385 | 51.7% |
| STARBOARD VALUE LP | Elite Conviction | Low Flow | $390,459,933 (12.2%) | 63,489,420 | 14.5% |
| FIL LTD | High Conviction | Significant Flow | $301,307,190 (9.4%) | 48,999,903 | 12.3% |
| VANGUARD GROUP INC | High Conviction | Market Mover | $211,870,898 (6.6%) | 34,456,155 | 16.8% |
| BANK OF MONTREAL /CAN/ | High Conviction | Market Mover | $127,395,188 (4.0%) | 20,717,144 | 40.9% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $114,262,000 (3.6%) | 18,578,906 | -75.5% |
| ARIEL INVESTMENTS, LLC | High Conviction | Moderate Flow | $97,912,022 (3.1%) | 15,920,654 | 11.6% |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP | High Conviction | Moderate Flow | $80,460,609 (2.5%) | 13,084,592 | 14.2% |
| PRINCIPAL FINANCIAL GROUP INC | High Conviction | Market Mover | $74,262,754 (2.3%) | 12,069,980 | NEW |
| NORGES BANK | High Conviction | Market Mover | $67,064,635 (2.1%) | 10,906,124 | 87.9% |
| BANK OF NOVA SCOTIA | High Conviction | Significant Flow | $63,187,383 (2.0%) | 10,276,178 | 15.6% |
| TORONTO DOMINION BANK | High Conviction | Significant Flow | $52,196,090 (1.6%) | 8,488,158 | 45.9% |
| DIMENSIONAL FUND ADVISORS LP | High Conviction | Market Mover | $46,571,538 (1.5%) | 7,572,396 | 18.7% |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $42,727,836 (1.3%) | 6,939,528 | 4.0% |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $42,178,729 (1.3%) | 6,858,330 | 16.0% |
| PRIVATE MANAGEMENT GROUP INC | High Conviction | Low Flow | $39,557,753 (1.2%) | 6,432,155 | 13.3% |
| CORVEX MANAGEMENT LP | Elite Conviction | Low Flow | $38,030,708 (1.2%) | 6,183,855 | 14.5% |
| CALLODINE CAPITAL MANAGEMENT, LP | Elite Conviction | Low Flow | $35,360,261 (1.1%) | 5,749,636 | 18.0% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $35,125,442 (1.1%) | 5,711,454 | -33.8% |
| NATIONAL BANK OF CANADA /FI/ | Moderate Conviction | Market Mover | $33,313,347 (1.0%) | 5,423,404 | -37.4% |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $32,895,976 (1.0%) | 5,349,003 | 74.8% |
| HER MAJESTY THE QUEEN IN RIGHT OF THE PROVINCE OF ALBERTA AS REPRESENTED BY ALBERTA INVESTMENT MANAGEMENT CORP | High Conviction | Significant Flow | $31,404,360 (1.0%) | 5,106,400 | 14.5% |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | High Conviction | Significant Flow | $30,397,953 (1.0%) | 4,943,308 | 70.1% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $28,474,674 (0.9%) | 4,630,028 | 17.7% |
| NEUBERGER BERMAN GROUP LLC | High Conviction | Market Mover | $27,921,221 (0.9%) | 4,540,036 | 24.4% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | High Conviction | Market Mover | $27,361,178 (0.9%) | 4,447,495 | -4.7% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $25,176,114 (0.8%) | 4,093,676 | 13.4% |
| INTACT INVESTMENT MANAGEMENT INC. | High Conviction | Low Flow | $25,005,292 (0.8%) | 4,066,619 | - |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | High Conviction | Market Mover | $24,258,894 (0.8%) | 3,944,942 | 21.5% |
| CIBC WORLD MARKETS INC. | High Conviction | Significant Flow | $22,755,031 (0.7%) | 3,700,005 | -34.6% |
| PICTON MAHONEY ASSET MANAGEMENT | High Conviction | Significant Flow | $21,669,875 (0.7%) | 3,519,080 | 336,023.4% |
| GAMCO INVESTORS, INC. ET AL | High Conviction | Moderate Flow | $20,210,878 (0.6%) | 3,286,322 | 24.2% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $18,779,235 (0.6%) | 3,053,534 | 15.0% |
| FEDERATION DES CAISSES DESJARDINS DU QUEBEC | High Conviction | Significant Flow | $18,614,472 (0.6%) | 3,028,957 | -45.4% |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | High Conviction | Significant Flow | $18,066,059 (0.6%) | 2,936,911 | 16.9% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $16,901,347 (0.5%) | 2,744,967 | -36.6% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $16,647,121 (0.5%) | 2,706,849 | -62.4% |
| QUBE RESEARCH & TECHNOLOGIES LTD | Moderate Conviction | Market Mover | $16,105,816 (0.5%) | 2,618,838 | 192.6% |
| STATE STREET CORP | High Conviction | Market Mover | $15,855,087 (0.5%) | 2,551,100 | 32.2% |
| TORON CAPITAL MARKETS INC. | High Conviction | Low Flow | $15,318,140 (0.5%) | 2,487,838 | -12.4% |
| TD ASSET MANAGEMENT INC | High Conviction | Significant Flow | $14,982,402 (0.5%) | 2,433,309 | 19.8% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $14,529,102 (0.5%) | 1,919,900 | 23.1% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $14,517,496 (0.5%) | 2,360,297 | -21.0% |
| RWC ASSET MANAGEMENT LLP | High Conviction | Low Flow | $14,336,234 (0.4%) | 2,331,095 | -12.3% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $14,207,896 (0.4%) | 2,310,227 | -40.5% |
| GABELLI FUNDS LLC | High Conviction | Moderate Flow | $13,444,650 (0.4%) | 2,186,122 | 16.1% |
| UBS Group AG | Moderate Conviction | Market Mover | $13,336,805 (0.4%) | 2,168,586 | -16.1% |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $11,434,969 (0.4%) | 1,859,307 | 650.3% |
| MAN GROUP PLC | High Conviction | Significant Flow | $11,266,960 (0.4%) | 1,832,026 | 95.8% |
| KRILOGY FINANCIAL LLC | High Conviction | Low Flow | $10,285,743 (0.3%) | 1,597,165 | 6.6% |
| DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN | High Conviction | Market Mover | $9,547,801 (0.3%) | 1,552,488 | 10.8% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $8,904,285 (0.3%) | 1,445,100 | 16.1% |
| MANNING & NAPIER ADVISORS LLC | High Conviction | Moderate Flow | $8,456,250 (0.3%) | 1,375,000 | 14.5% |
| TD WATERHOUSE CANADA INC. | High Conviction | Significant Flow | $7,730,470 (0.2%) | 1,258,625 | 3.2% |
| RENAISSANCE TECHNOLOGIES LLC | High Conviction | Significant Flow | $7,595,201 (0.2%) | 1,234,992 | -33.8% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $7,043,313 (0.2%) | 1,145,029 | 772.6% |
| TREXQUANT INVESTMENT LP | High Conviction | Significant Flow | $6,838,037 (0.2%) | 1,111,876 | 157.9% |
| NORTHWEST & ETHICAL INVESTMENTS L.P. | High Conviction | Moderate Flow | $5,757,122 (0.2%) | 935,263 | -8.4% |
| JUPITER ASSET MANAGEMENT LTD | High Conviction | Significant Flow | $5,657,087 (0.2%) | 918,774 | 5,357.8% |
| MACKENZIE FINANCIAL CORP | High Conviction | Significant Flow | $5,478,735 (0.2%) | 885,632 | 61.8% |
| Y-INTERCEPT (HONG KONG) LTD | High Conviction | Moderate Flow | $5,353,237 (0.2%) | 870,445 | NEW |
| PDT PARTNERS, LLC | High Conviction | Low Flow | $5,337,813 (0.2%) | 867,937 | - |
| YAUPON CAPITAL MANAGEMENT LP | High Conviction | Low Flow | $5,330,426 (0.2%) | 866,736 | -83.1% |
| SCHMEIDLER A R & CO INC | High Conviction | Low Flow | $5,311,509 (0.2%) | 863,660 | 48.5% |
| KAYNE ANDERSON CAPITAL ADVISORS LP | Elite Conviction | Low Flow | $4,740,900 (0.1%) | 770,878 | 13.2% |
| TAL INVESTMENT COUNSEL LTD | High Conviction | Significant Flow | $4,634,831 (0.1%) | 753,293 | 28.5% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $4,415,940 (0.1%) | 718,039 | 63.9% |
| SCOTIA CAPITAL INC. | High Conviction | Moderate Flow | $4,207,030 (0.1%) | 684,990 | - |
| CAMPBELL & CO INVESTMENT ADVISER LLC | High Conviction | Moderate Flow | $4,077,235 (0.1%) | 662,965 | 1,398.7% |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $3,938,178 (0.1%) | 640,354 | 14.2% |
| FRANKLIN RESOURCES INC | High Conviction | Market Mover | $3,737,029 (0.1%) | 607,652 | 1,410.2% |
| Nuveen, LLC | High Conviction | Market Mover | $3,384,669 (0.1%) | 549,708 | 14.5% |
| GREENLAND CAPITAL MANAGEMENT LP | Moderate Conviction | Low Flow | $3,273,975 (0.1%) | 531,730 | -34.3% |
| HEARTLAND ADVISORS INC | High Conviction | Low Flow | $3,075,000 (0.1%) | 500,000 | NEW |
| CWA ASSET MANAGEMENT GROUP, LLC | High Conviction | Moderate Flow | $3,066,236 (0.1%) | 498,575 | 34.8% |
| WEDGE CAPITAL MANAGEMENT L L P/NC | High Conviction | Moderate Flow | $2,908,827 (0.1%) | 472,980 | NEW |
| SIG NORTH TRADING, ULC | High Conviction | Low Flow | $2,863,827 (0.1%) | 465,663 | 4.3% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $2,781,946 (0.1%) | 452,349 | -2.6% |
| BARCLAYS PLC | High Conviction | Market Mover | $2,675,410 (0.1%) | 435,026 | 8.7% |
| QUINN OPPORTUNITY PARTNERS LLC | High Conviction | Low Flow | $2,644,500 (0.1%) | 430,000 | 14.5% |
| SUSQUEHANNA ADVISORS GROUP, INC. | Moderate Conviction | Moderate Flow | $2,376,360 (0.1%) | 386,400 | 149.5% |
| CANADA PENSION PLAN INVESTMENT BOARD | High Conviction | Significant Flow | $2,221,729 (0.1%) | 361,300 | NEW |
| AQUATIC CAPITAL MANAGEMENT LLC | Moderate Conviction | Moderate Flow | $1,999,144 (0.1%) | 325,064 | -19.9% |
| EMPOWERED FUNDS, LLC | Moderate Conviction | Significant Flow | $1,817,417 (0.1%) | 295,515 | NEW |
| GOTHAM ASSET MANAGEMENT, LLC | High Conviction | Significant Flow | $1,803,149 (0.1%) | 293,195 | -42.5% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $1,607,266 (0.1%) | 261,344 | -44.9% |
| CREDIT AGRICOLE S A | High Conviction | Significant Flow | $1,579,769 (0.0%) | 256,873 | -28.9% |
| COMMONWEALTH EQUITY SERVICES, LLP | Moderate Conviction | Market Mover | $1,530,690 (0.0%) | 248,893 | 122,649.8% |
| HORIZON INVESTMENTS, LLC | High Conviction | Moderate Flow | $1,489,020 (0.0%) | 242,117 | 51.8% |
| ZURCHER KANTONALBANK | High Conviction | Significant Flow | $1,437,595 (0.0%) | 233,481 | 33.7% |
| CETERA INVESTMENT ADVISERS | High Conviction | Significant Flow | $1,421,100 (0.0%) | 230,833 | 22.2% |
| QUADRATURE CAPITAL LTD | Moderate Conviction | Significant Flow | $1,377,369 (0.0%) | 223,700 | 48.7% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $1,333,185 (0.0%) | 216,524 | -40.2% |
| JUMP FINANCIAL, LLC | High Conviction | Significant Flow | $1,253,579 (0.0%) | 203,834 | -54.9% |
| TRIASIMA PORTFOLIO MANAGEMENT INC. | High Conviction | Low Flow | $1,242,106 (0.0%) | 201,732 | 16.1% |
| HITE HEDGE ASSET MANAGEMENT LLC | High Conviction | Low Flow | $1,230,000 (0.0%) | 200,000 | NEW |
| K2 PRINCIPAL FUND, L.P. | Moderate Conviction | Low Flow | $1,230,000 (0.0%) | 200,000 | NEW |
| RUSSELL INVESTMENTS GROUP, LTD. | Moderate Conviction | Market Mover | $1,131,739 (0.0%) | 183,915 | 32.4% |
| DKRT Investments Corp. | High Conviction | Minimal Flow | $1,076,250 (0.0%) | 175,000 | - |
| NATIXIS | High Conviction | Significant Flow | $1,065,492 (0.0%) | 172,843 | 39.6% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 244 | $3.19B | 524,854,164 | $6.08 |
| Q3 25 | 245 | $3.07B | 578,893,399 | $5.31 |
| Q2 25 | 1 | $0.02B | 3,176,800 | $5.73 |
| Q1 25 | 228 | $2.40B | 473,958,889 | $5.07 |
| Q4 24 | 223 | $1.93B | 444,257,225 | $4.35 |
| Q3 24 | 236 | $2.56B | 481,499,416 | $5.32 |
| Q2 24 | 16 | $0.31B | 53,591,136 | $5.87 |
| Q1 24 | 9 | $0.22B | 34,124,636 | $6.32 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.