South Bow CORP (SOBO) — Who's Buying and Selling (13F, Q2 2026)

SOBO ranks #2080 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

SOBO is a top-conviction position for Portland Investment Counsel Inc. — at 9.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in SOBO belongs to FMR LLC, but the position matters far more to Portland Investment Counsel Inc., who has 9.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Blue Trust, Inc. has added to its SOBO position for two straight quarters, increasing it by $227.0 to reach $1.2K today.

Ausbil Investment Management Ltd has trimmed its SOBO position for two straight quarters, cutting it by $374.2K while still holding $3.1M.

SOBO is down 1.8% today, but institutions show net buying of $329.9M this quarter — a divergence between today's price move and the underlying institutional flow.

SOBO closed its latest fiscal year with net income of $433.0M, and currently trades at a P/E of 16.0.

• Profitable — net income of $433.0M in the latest fiscal year
• Revenue declined 6.3% year over year
• Net income improved year over year, from $316.0M to $433.0M
• Generated $717.0M in positive operating cash flow
• Current ratio of 1.50x — enough short-term assets to cover short-term liabilities
• Liabilities run 3.13x equity — a highly leveraged balance sheet worth noting