Enbridge Inc.
US ˙ NYSE ˙ CA29250N1050

SecurityENB / Enbridge Inc.
InstitutionMarathon Capital Management
Latest Disclosed Ownership18,525 shares
Latest Disclosed Value $ 1,002,944
Marathon Capital Management reports 0.27% decrease in ownership of ENB / Enbridge Inc.

On May 14, 2026 - Marathon Capital Management filed a 13F-HR form disclosing ownership of 18,525 shares of Enbridge Inc. (US:ENB) valued at $1,002,944 USD as of March 31, 2026. The current value of the position is $1,043,143 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F ENBRIDGE COM 29250N105 18,525 -50 -0.27 1,003 12.84 0.2253
2026-01-29 2025-12-31 13F ENBRIDGE COM 29250N105 18,575 1,000 5.69 888 0.23 0.1912
2025-11-14 2025-09-30 13F ENBRIDGE COM 29250N105 17,575 -425 -2.36 887 8.71 0.2029
2025-08-14 2025-06-30 13F ENBRIDGE COM 29250N105 18,000 -125 -0.69 816 1.49 0.2078
2025-05-15 2025-03-31 13F ENBRIDGE COM 29250N105 18,125 -125 -0.68 803 3.75 0.2139
2025-02-14 2024-12-31 13F ENBRIDGE COM 29250N105 18,250 0 0.00 774 4.45 0.1934
2024-11-14 2024-09-30 13F ENBRIDGE COM 29250N105 18,250 11,475 169.37 741 207.47 0.1797
2024-08-14 2024-06-30 13F ENBRIDGE COM 29250N105 6,775 200 3.04 241 1.69 0.0614
2024-05-15 2024-03-31 13F ENBRIDGE COM 29250N105 6,575 0 0.00 238 0.42 0.0568
2024-02-14 2023-12-31 13F/A-1 ENBRIDGE COM 29250N105 6,575 -2,902 -30.62 237 -25.55 0.0595
2024-02-08 2023-12-31 13F ENBRIDGE COM 29250N105 6,575 -2,902 237 0.0595
2023-11-14 2023-09-30 13F ENBRIDGE COM 29250N105 9,477 0 0.00 318 -9.94 0.0800
2023-08-15 2023-06-30 13F/A-1 ENBRIDGE COM 29250N105 9,477 0 0.00 352 -2.49 0.0869
2023-08-14 2023-06-30 13F ENBRIDGE COM 29250N105 9,477 0 352 0.0853
2023-05-12 2023-03-31 13F ENBRIDGE COM 29250N105 9,477 0 0.00 362 -2.43 0.0890
2023-02-14 2022-12-31 13F ENBRIDGE COM 29250N105 9,477 -448 -4.51 371 0.54 0.1021
2022-11-14 2022-09-30 13F Enbridge COM 29250N105 9,925 9,925 368 0.1051
2022-05-13 2022-03-31 13F Enbridge COM 29250N105 0 -9,998 -100.00 0 -100.00
2022-02-09 2021-12-31 13F Enbridge COM 29250N105 9,998 0 0.00 391 -1.76 0.0916
2021-11-15 2021-09-30 13F Enbridge COM 29250N105 9,998 -288 -2.80 398 -3.16 0.0904
2021-08-16 2021-06-30 13F Enbridge COM 29250N105 10,286 -183 -1.75 411 7.87 0.0951
2021-05-14 2021-03-31 13F Enbridge COM 29250N105 10,469 954 10.03 381 25.33 0.1004
2021-02-08 2020-12-31 13F Enbridge COM 29250N105 9,515 -850 -8.20 304 0.66 0.0896
2020-11-16 2020-09-30 13F Enbridge COM 29250N105 10,365 -1,150 -9.99 302 -13.71 0.1099
2020-08-14 2020-06-30 13F Enbridge COM 29250N105 11,515 516 4.69 350 9.72 0.1344
2020-05-15 2020-03-31 13F Enbridge COM 29250N105 10,999 227 2.11 319 -25.47 0.1465
2020-02-14 2019-12-31 13F Enbridge COM 29250N105 10,772 -86 -0.79 428 12.34 0.1456
2019-11-13 2019-09-30 13F Enbridge COM 29250N105 10,858 532 5.15 381 2.42 0.1537
2019-07-25 2019-06-30 13F Enbridge COM 29250N105 10,326 -50 -0.48 372 -1.06 0.1517
2019-05-15 2019-03-31 13F Enbridge COM 29250N105 10,376 0 0.00 376 16.77 0.1679
2019-02-07 2018-12-31 13F Enbridge COM 29250N105 10,376 10,376 322 0.1598
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.