South Bow Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:R8M Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
30 Dec 24	Buy€130,970	Richard Prior	Individual	5,700	€23.03
18 Dec 24	Buy€13,224	Blaine Trout	Individual	595	€22.22
17 Dec 24	Buy€156,686	Lori Muratta	Individual	7,000	€22.38
17 Dec 24	Buy€55,721	Lori Muratta	Individual	2,500	€22.29
16 Dec 24	Buy€110,590	Harold Kvisle	Individual	5,000	€22.12
16 Dec 24	Buy€57,715	Richard Prior	Individual	2,500	€23.09
16 Dec 24	Buy€133,789	P. Van Dafoe	Individual	6,000	€22.30
12 Dec 24	Buy€91,669	Harold Kvisle	Individual	4,000	€22.92
12 Dec 24	Buy€33,666	Blaine Trout	Individual	1,466	€22.96
12 Dec 24	Buy€80,328	Harold Kvisle	Individual	3,500	€22.95
11 Dec 24	Buy€173,140	Harold Kvisle	Individual	7,500	€23.13
10 Dec 24	Buy€57,703	Richard Prior	Individual	2,500	€23.08
09 Dec 24	Buy€26,966	Richard Prior	Individual	1,185	€22.76
04 Dec 24	Buy€16,843	Blaine Trout	Individual	715	€23.56
02 Dec 24	Buy€259,176	Bevin Wirzba	Individual	11,000	€23.56
26 Nov 24	Buy€85,764	Richard Prior	Individual	3,600	€23.88

Insider Trading Volume

Insider Buying: R8M insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of R8M?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	174,930	0.0843%
Institutions	65,816,049	31.7%
General Public	141,579,430	68.2%

Dilution of Shares: R8M only recently listed within the past 12 months

Top Shareholders

Top 25 shareholders own 30.49% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.9%	Capital Research and Management Company	18,469,288	€428.3m	0%	0.02%
6.59%	FMR LLC	13,683,818	€317.3m	2,840%	0.02%
3.67%	The Vanguard Group, Inc.	7,617,386	€176.6m	0%	no data
2.49%	T. Rowe Price Group, Inc.	5,177,820	€120.1m	0%	0.01%
1.42%	BlackRock, Inc.	2,952,572	€68.5m	0%	no data
1.13%	Mirae Asset Global Investments Co., Ltd.	2,352,454	€54.6m	0%	0.05%
0.97%	Canadian Imperial Bank of Commerce, Asset Management Arm	2,015,095	€46.7m	0%	0.1%
0.7%	ClearBridge Investments Limited	1,454,282	€33.7m	0%	0.69%
0.51%	Recurrent Investment Advisors LLC	1,049,878	€24.3m	0%	2.09%
0.5%	Manulife Asset Management	1,036,856	€24.0m	0%	0.02%
0.36%	Thornburg Investment Management, Inc.	740,490	€17.2m	0%	0.1%
0.34%	Tortoise Capital Advisors, L.L.C.	703,425	€16.3m	0%	0.19%
0.34%	BMO Asset Management Corp.	695,669	€16.1m	-30.1%	0.01%
0.33%	Jennison Associates LLC	676,968	€15.7m	0%	0.01%
0.31%	Invesco Ltd.	648,587	€15.0m	420%	no data
0.31%	Dimensional Fund Advisors LP	648,058	€15.0m	0%	no data
0.26%	Charles Schwab Investment Management, Inc.	543,235	€12.6m	1.84%	no data
0.21%	Energy Income Partners LLC	441,745	€10.2m	0%	0.2%
0.21%	Miller Howard Investments, Inc.	435,282	€10.1m	0%	0.33%
0.19%	Franklin Resources, Inc.	386,834	€9.0m	0%	no data
0.17%	ALPS Advisors, Inc.	356,199	€8.3m	0%	0.04%
0.15%	CIBC Asset Management Inc.	316,540	€7.3m	0%	0.01%
0.15%	Westwood Management Corp.	302,713	€7.0m	0%	0.05%
0.15%	State Street Global Advisors, Inc.	301,893	€7.0m	0%	no data
0.14%	Cushing Asset Management, LP	287,953	€6.7m	0%	0.43%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/03 04:50
End of Day Share Price	2025/02/03 00:00
Earnings	N/A
Annual Earnings	N/A

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

South Bow Corporation is covered by 17 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nathan Heywood	ATB Capital Markets
Benjamin Pham	BMO Capital Markets Equity Research
Robert Catellier	CIBC Capital Markets