Who Owns Enbridge and How to Divest Your Portfolio

October 11, 2021

By Star Ames

Enbridge is a huge and powerful corporation which is tearing through more than 330 miles of natural habitat to install new pipelines in Minnesota and Wisconsin. Despite overwhelming opposition at public hearings, permits were issued for this mega-corporation to move forward. This pipeline system currently averages an oil spill, leak, rupture, or explosion every 20 days, which releases tar sands oil onto our lands, surface water, wetlands, and ground water. At best, only 30% of oil is recovered after a spill. 

How can we stop their destructive process?  MOVE YOUR MONEY.

The Enbridge conglomerate consists of the following companies: 

Enbridge Employee Services, Inc.
Enbridge Energy, L.P.
Enbridge Energy Company, Inc.
Enbridge Energy Management, L.L.C.
Enbridge Energy Partners, L.P.
Enbridge Operational Services, Inc., and
Enbridge Pipelines (“Lakehead”) L.L.C.

Each company has a certain percentage of shares traded on the open market. These shares are largely held by trust funds, retirement funds, mutual funds, and banks. Some of them are part of 401(k)s and insurance investments. In general, Enbridge is held by people who value security over action. But you may not even be aware that you are funding Enbridge. For example, the State of Wisconsin Investment Board has $2.1M invested; Vanguard Group has $63M. Do you know where your money is being used?

As the world moves away from oil, every dollar invested in Enbridge loses value. Ask yourself what is more important to you, a clean environment, or a stable investment?  

We can change the future by moving our money to an ESG (environment, social, governance) fund. There may be a fee charged to divest your portfolio of these funds but ask your broker to apply an environmental filter on all your investments.  Find a broker that is sensitive to environmental issues. There are many who will be happy to assist you.

This list of the top Enbridge stockholders is alphabetized so you can easily compare it against your portfolio.

DOWNLOAD A PDF HERE

Enbridge List of Investors

As of December 2020

WHO SOLD OUT OF ENBRIDGE

Clark Capital Management Group$1.6M
Morgan Stanley$3.7M
Norges Bank Investment$18M

WHO OWNS ENBRIDGE

Addenda Capital$2M
Advisor Group Holdings$608K
AGF Investments$3.6M
Alberta Investment Corporation$1.4M
Allianz Asset Management$624K
Ameriprise Financial$999K
AMF Pensionsforsaking AB$1.9M
AMP Capital Investors$5.5M
APG All Persona Group NV$398K
Atlantic Trust$1.5M
Aviva$674M
B.S. Pension Fund Trustee Ltd acting for the Brisith Steel Pension Fund$577K
Bank of America Corporation$5.9M
Bank of Montreal$50M
Bank of New York Mellon$6.7M
Bank of Nova Scotia$22M
Bank of Nova Scotia Trust Company$756K
Barrow, Hanley, Mewhinney & Strauss$1.2M
Bartlett & Co.$1.6M
Berkley WR$2M
BlackRock$989K
Blackstone Group$19M
Bollard$571K
Bradley, Foster & Sargent$707K
Branch Banking & Trust Company$1.8M
British Columbia Investment Management Corporation$1.7M
Brookfield Asset Management$8M
Burgundy Asset Management$2.7M
Caisse de depot et placement du Quebec$21M
Capital Research Global Investors$15M
Capital World lnvestore$7M
Capitol Research and Management Company Division 3$67M
Cardinal Capftal Management$2.5M
Chicksaw Capital Management$299K
Cl Investments$835K
CIBC Global Asset Management$20M
CIBC World Markets$25M
Cincinnati Insurance Company$1.8M
Citadel Advisors$1.2M
Citigroup$826K
ClearBridge Advisors$9.8M
Commonwealth Equity Services$528K
Commonwealth of Pennsylvania$1.6M
Connor, Clark & Lunn Investment Management$8.8M
Credit Suisse$5.2M
Cryrill Wipfi$748K
Cushing MLP Asset Management$1.4M
D.E. Shaw & Co$42K
Davenport & Co.$1.7M
David Vaughan Investments$735K
Delta Asset Management$475K
Deutsche Bank Aktiengesellschaft$15M
Dimensional Fund Advisors$1.3M
Donaldson Capital Management$31K
Duff & Phelps Investment Management$2M
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main$950K
Eagle Global Advisors$671K
Energy Income Partners$3.2M
Envestment Asset Management$2M
Federated Investors$3.5M
Fiera Capital Corporation$850K
Fil$6.8M
Financial Counselors$628K
First Foundation Advisors$558K
First Manhattan$1.6M
First Republic Investment Management$872K
First Trust Advisors$1.6M
FMR$7.6M
Franklin Resources$5.7M
Gabelli Funds$818K
Geode Capital Management$4.3M
Gluskin Sheff & Associates$2M
Goldman Sachs Group$5.4M
Goodman & Company, Investment Counsel$18M
Great-West Life Assurance Company$14M
GSB Wealth Management$530K
Guardian Capital$1.4M
Guardian Capital Advisors$535K
Henderson Group$1.7M
Hennessy Advisors$715K
High Tower Advisors$27K
Holocene Advisors$10K
leq Capital$650K
llmarinen Mutual Pension Insurance$3.7M
Intact Investment Management$4.5M
Invesco$592K
Investment Management Corp of Ontario$26M
Jarislowsky, Fraser$26M
Jennison Associates$2.4M
JP Morgan Chase & Co$8.3M
Kayne Anderson Capital Advisors, L.p$2.5M
Korea Investment Corporation$1.3M
Legal & General Group$19M
Lincluden Management$1.4M
LPL Financial$1.3M
M&g Investment Management$1.1M
Mackenzie Financial$22M
Manufacturers Life Insurance Company$20M
Marshall Wace$1M
Massachusetts Financial Services$1.9M
Miller/Howard Investments$113K
Mirae Asset Global Investments$1.7M
Mml Investors Services$491K
Mn Services Vermogensbeheer B.V.$699K
Montrusco Bolton Investment$1.5M
Morningstar Investment Services$5.9M
Mufg Securities$1.1M
Neuberger Berman Group$3.7M
Nexus Investment Management$675K
Nicola Wealth Management$528K
Northern Trust$3M
Nuveen Asset Management$1.8M
OMERS Administration Corporation$7.6M
O’shaughnessy Asset Management$682K
Pictet Asset Management$894K
Pioneer Investment Management$6M
Polar Securities$534K
Premier Fund Managers$560K
Public Sector Pension Investment Board$2.2M
Qci Asset Management$547K
Quadrature Capital$673K
QV Investors$1.7M
Rare Infrastructure$5.4M
Raymond James & Associates$2.9M
Raymond James Financial Services Advisors$624K
Renaissance Technologies$239K
Rnc Capital Management$614K
Russell Investments$3.6M
Salient Capital Advisors$3.5M
Scheer, Rowlett & Associates Investment Management$1.1M
Schonfield Strategic Advisors$701K
Scotia Capital$12M
St. James Investment Company$1.1M
Standard Life Aberdeen$601K
State Farm Mutual Automotive Insurance Company$2.2M
State of Wisconsin Investment Board$2.1M
State Street Corporation$1.2M
Stifel Financial$2.6M
Sumitomo Mitsui Trust Holdins$5.8M
Susquehanna International$1M
Swiss National Bank$8.2M
T. Rowe Price Associates$2.8M
TD Account Management$31M
TNB Financial$492K
Toron Capital Markets$2M
Toronto-Dominion Bank$14M
Tortoise Capital Advisors$862K
Tortoise Index Solutions$862K
UBS Group$2.3M
Us Bankcorp$472K
Vanguard Group$63M
Vident Investment Advisory$902K
Wellington Management Company$8.6M
Wells Fargo & Company$3.5M
Zurcher Kantonalbank$711K

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