Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

Ballard Power Systems Inc.

CIK 0001453015BLDP· quarter ending 2026-06-30

Shares outstanding

300,784,816

as of 2025-12-31 · 40-F cover page, filed 2026-03-12

Held by 13F filers

104,359,032

34.7% of shares outstanding

Holders

167

+18 vs 2026-03-31 · 41 new, 23 exited

Value

$406.3M

shares +16.5% vs prior quarter

Share classes (cover page of the 40-F filed 2026-03-12, as of 2025-12-31)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	BLDP · NASDAQ	300,784,816	104,359,032	34.7%	167	058586108

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	058586108	COM	167	104,359,032	300,784,816	34.7%	$406.3M	10 call / 6 put	13DG	holders →
	058586959	EQUITYnot common	1	92,597	—	—	$361K	—	prefix	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (167 of 167 · 058586108)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	MORGAN STANLEY	12,391,499	4.12%	$48.2M	+305,120 (+2.5%)
2	TWO SIGMA INVESTMENTS, LP	10,830,028	3.60%	$42.1M	-1,513,124 (-12.3%)
3	D. E. Shaw & Co., Inc.	9,804,394	3.26%	$38.1M	+1,521,542 (+18.4%)
4	Legal & General Group Plc	7,221,949	2.40%	$28.1M	+827,698 (+12.9%)
5	ACADIAN ASSET MANAGEMENT LLC	4,495,854	1.49%	$17.5M	NEW
6	RENAISSANCE TECHNOLOGIES LLC	4,344,197	1.44%	$16.9M	+3,781,303 (+671.8%)
7	STATE STREET CORP	4,288,578	1.43%	$16.7M	-677,752 (-13.6%)
8	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	3,145,643	1.05%	$12.2M	+363,059 (+13.0%)
9	UBS Group AG	2,936,009	0.98%	$11.4M	-2,910,771 (-49.8%)
10	JANE STREET GROUP, LLC	2,930,645	0.97%	$11.4M	+2,112,603 (+258.3%)
11	CITADEL ADVISORS LLC	2,758,179	0.92%	$10.7M	-130,854 (-4.5%)
12	Invesco Ltd.	2,662,109	0.89%	$10.4M	-1,276,683 (-32.4%)
13	DIMENSIONAL FUND ADVISORS LP	1,999,388	0.66%	$7.8M	+167,839 (+9.2%)
14	BNP PARIBAS FINANCIAL MARKETS	1,854,187	0.62%	$7.2M	-1,924,133 (-50.9%)
15	VAN ECK ASSOCIATES CORP	1,738,171	0.58%	$6.8M	-803,569 (-31.6%)
16	Hillsdale Investment Management Inc.	1,692,500	0.56%	$6.6M	NEW
17	MILLENNIUM MANAGEMENT LLC	1,663,694	0.55%	$6.5M	-316,545 (-16.0%)
18	Qube Research & Technologies Ltd	1,617,912	0.54%	$6.3M	-491,606 (-23.3%)
19	SG Americas Securities, LLC	1,417,870	0.47%	$5.5M	+1,360,770 (+2383.1%)
20	CANADA LIFE ASSURANCE Co	1,314,317	0.44%	$5.1M	-613,475 (-31.8%)
21	Nuveen, LLC	1,225,650	0.41%	$4.8M	+1,045,012 (+578.5%)
22	Zurcher Kantonalbank (Zurich Cantonalbank)	1,193,380	0.40%	$4.7M	+30,881 (+2.7%)
23	Man Group plc	1,190,069	0.40%	$4.6M	NEW
24	GOLDMAN SACHS GROUP INC	1,157,356	0.38%	$4.5M	+999,671 (+634.0%)
25	VOLORIDGE INVESTMENT MANAGEMENT, LLC	909,440	0.30%	$3.5M	NEW
26	Mitsubishi UFJ Asset Management Co., Ltd.	872,044	0.29%	$3.4M	+241,099 (+38.2%)
27	BANK OF AMERICA CORP /DE/	830,551	0.28%	$3.2M	+254,644 (+44.2%)
28	FIRST TRUST ADVISORS LP	808,832	0.27%	$3.1M	+149,358 (+22.6%)
29	Trexquant Investment LP	649,892	0.22%	$2.5M	NEW
30	Aquatic Capital Management LLC	588,397	0.20%	$2.3M	NEW
31	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	531,170	0.18%	$2.1M	+465,495 (+708.8%)
32	Swiss National Bank	515,900	0.17%	$2.0M	+9,800 (+1.9%)
33	JPMORGAN CHASE & CO	476,642	0.16%	$1.8M	-726,050 (-60.4%)
34	AMERICAN CENTURY COMPANIES INC	449,530	0.15%	$1.8M	+360,108 (+402.7%)
35	STOREBRAND ASSET MANAGEMENT AS	443,173	0.15%	$1.7M	-240,351 (-35.2%)
36	Cambridge Investment Research Advisors, Inc.	416,448	0.14%	$1.6M	+186,769 (+81.3%)
37	TD Asset Management Inc	405,924	0.13%	$1.6M	+7,687 (+1.9%)
38	ALPS ADVISORS INC	404,924	0.13%	$1.6M	+20,943 (+5.5%)
39	OCCUDO QUANTITATIVE STRATEGIES LP	398,984	0.13%	$1.6M	+152,322 (+61.8%)
40	GEODE CAPITAL MANAGEMENT, LLC	388,681	0.13%	$1.5M	+8,312 (+2.2%)
41	BOOTHBAY FUND MANAGEMENT, LLC	387,996	0.13%	$1.5M	NEW
42	ROYAL BANK OF CANADA	376,485	0.13%	$1.5M	-260,583 (-40.9%)
43	Gotham Asset Management, LLC	365,265	0.12%	$1.4M	NEW
44	CIBC WORLD MARKET INC.	348,431	0.12%	$1.4M	+313,141 (+887.3%)
45	Y-Intercept (Hong Kong) Ltd	339,421	0.11%	$1.3M	NEW
46	RAYMOND JAMES FINANCIAL INC	309,823	0.10%	$1.2M	+295,227 (+2022.7%)
47	Counterpoint Mutual Funds LLC	303,520	0.10%	$1.2M	+76,989 (+34.0%)
48	XTX Topco Ltd	300,248	0.10%	$1.2M	+111,714 (+59.3%)
49	MACKENZIE FINANCIAL CORP	283,462	0.09%	$1.6M	+22,729 (+8.7%)
50	SUSQUEHANNA INTERNATIONAL GROUP, LLP	281,813	0.09%	$1.1M	+245,010 (+665.7%)
51	Schonfeld Strategic Advisors LLC	265,669	0.09%	$1.0M	-30,779 (-10.4%)
52	Walleye Trading LLC	265,389	0.09%	$1.0M	NEW
53	GSA CAPITAL PARTNERS LLP	265,320	0.09%	$1.0M	-752,455 (-73.9%)
54	HSBC HOLDINGS PLC	254,913	0.08%	$992K	+194,768 (+323.8%)
55	Amundi	247,105	0.08%	$961K	-9,439 (-3.7%)
56	ExodusPoint Capital Management, LP	239,681	0.08%	$932K	NEW
57	MYDA Advisors LLC	210,000	0.07%	$817K	NEW
58	Headlands Technologies LLC	190,618	0.06%	$742K	+45,774 (+31.6%)
59	HRT FINANCIAL LP	173,191	0.06%	$673K	+30,347 (+21.2%)
60	VANGUARD ASSET MANAGEMENT, Ltd	170,791	0.06%	$666K	—
61	Lighthouse Investment Partners, LLC	170,000	0.06%	$661K	NEW
62	Engineers Gate Manager LP	161,674	0.05%	$629K	-33,936 (-17.3%)
63	Walleye Capital LLC	138,860	0.05%	$540K	NEW
64	AQR CAPITAL MANAGEMENT LLC	137,957	0.05%	$537K	NEW
65	BENJAMIN EDWARDS INC	132,904	0.04%	$517K	+24,114 (+22.2%)
66	BANK OF MONTREAL /CAN/	131,982	0.04%	$514K	+85,082 (+181.4%)
67	BRUNI J V & CO /CO	129,818	0.04%	$505K	-4,547 (-3.4%)
68	Marex Group Ltd	122,447	0.04%	$476K	-30,314 (-19.8%)
69	Squarepoint Ops LLC	111,181	0.04%	$432K	+92,277 (+488.1%)
70	Quadrature Capital Ltd	109,505	0.04%	$426K	NEW
71	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	98,568	0.03%	$383K	+67,265 (+214.9%)
72	INTACT INVESTMENT MANAGEMENT INC.	95,200	0.03%	$371K	NEW
73	Jump Financial, LLC	90,230	0.03%	$351K	NEW
74	BlackRock, Inc.	84,980	0.03%	$331K	+15,709 (+22.7%)
75	LPL Financial LLC	80,105	0.03%	$312K	-928 (-1.1%)
76	Vanguard Investments Australia, Ltd.	73,528	0.02%	$287K	—
77	BARCLAYS PLC	72,099	0.02%	$280K	+71,922 (+40633.9%)
78	Russell Investments Group, Ltd.	72,038	0.02%	$280K	+55,038 (+323.8%)
79	FOX RUN MANAGEMENT, L.L.C.	67,658	0.02%	$263K	NEW
80	Graham Capital Management, L.P.	67,637	0.02%	$263K	NEW
81	DEUTSCHE BANK AG\	66,931	0.02%	$260K	+56,512 (+542.4%)
82	Federation des caisses Desjardins du Quebec	64,454	0.02%	$251K	-1,621 (-2.5%)
83	Leonteq Securities AG	63,472	0.02%	$266K	-25,109 (-28.3%)
84	COMMONWEALTH EQUITY SERVICES, LLC	60,588	0.02%	$236K	+1,395 (+2.4%)
85	MILLER HOWARD INVESTMENTS INC /NY	59,216	0.02%	$230K	+30,191 (+104.0%)
86	Caitong International Asset Management Co., Ltd	56,083	0.02%	$218K	+31,378 (+127.0%)
87	ProShare Advisors LLC	54,125	0.02%	$211K	-12,135 (-18.3%)
88	Vontobel Holding Ltd.	53,597	0.02%	$209K	+7,500 (+16.3%)
89	Pictet Asset Management Holding SA	51,661	0.02%	$201K	-1,026 (-1.9%)
90	NATIONAL BANK OF CANADA /FI/	50,030	0.02%	$157K	-73 (-0.1%)
91	STIFEL FINANCIAL CORP	45,490	0.02%	$177K	—
92	ALLIANCEBERNSTEIN L.P.	43,160	0.01%	$104K	NEW
93	Virtu Financial LLC	42,454	0.01%	$165K	-51,701 (-54.9%)
94	J. Derek Lewis & Associates Inc.	42,000	0.01%	$163K	-9,000 (-17.6%)
95	CIBC Asset Management Inc	41,779	0.01%	$163K	+3,836 (+10.1%)
96	Manatuck Hill Partners, LLC	41,500	0.01%	$161K	NEW
97	Tower Research Capital LLC (TRC)	41,166	0.01%	$160K	+32,217 (+360.0%)
98	Blueshift Asset Management, LLC	39,965	0.01%	$155K	NEW
99	CITIGROUP INC	39,366	0.01%	$153K	+10,506 (+36.4%)
100	TUDOR INVESTMENT CORP ET AL	36,639	0.01%	$143K	NEW
101	SCOTIA CAPITAL INC.	35,606	0.01%	$139K	+25,398 (+248.8%)
102	Vanguard Personalized Indexing Management, LLC	33,441	0.01%	$130K	+12,965 (+63.3%)
103	J. Safra Sarasin Holding AG	30,160	0.01%	$117K	NEW
104	Freemont Management S.A.	30,000	0.01%	$117K	—
105	TD Waterhouse Canada Inc.	29,937	0.01%	$114K	+10,850 (+56.8%)
106	Centiva Capital, LP	28,010	0.01%	$109K	+12,637 (+82.2%)
107	JUPITER ASSET MANAGEMENT LTD	27,285	0.01%	$106K	NEW
108	TWO SIGMA SECURITIES, LLC	26,509	0.01%	$103K	-2,983 (-10.1%)
109	Northwest & Ethical Investments L.P.	26,070	0.01%	$102K	-10,010 (-27.7%)
110	State of Wyoming	24,956	0.01%	$97K	NEW
111	SIG North Trading, ULC	24,316	0.01%	$95K	-322 (-1.3%)
112	Farther Finance Advisors, LLC	23,859	0.01%	$93K	+23,659 (+11829.5%)
113	Dynamic Technology Lab Private Ltd	21,746	0.01%	$85K	-93,123 (-81.1%)
114	Mariner, LLC	21,707	0.01%	$84K	-1,099 (-4.8%)
115	PEAK6 LLC	19,980	0.01%	$78K	NEW
116	NEW YORK STATE COMMON RETIREMENT FUND	18,309	0.01%	$71K	NEW
117	Swiss Life Asset Management Ltd	17,266	0.01%	$67K	+7,119 (+70.2%)
118	Sovran Advisors, LLC	16,016	0.01%	$43K	NEW
119	Global IMC LLC	15,791	0.01%	$62K	NEW
120	DekaBank Deutsche Girozentrale	15,071	0.01%	$36K	—
121	First Commonwealth Financial Corp /PA/	14,881	0.00%	$58K	—
122	OXFORD ASSET MANAGEMENT LLP	13,956	0.00%	$54K	-11,333 (-44.8%)
123	Cetera Investment Advisers	13,748	0.00%	$53K	+239 (+1.8%)
124	Aigen Investment Management, LP	12,963	0.00%	$50K	NEW
125	Sigma Planning Corp	11,664	0.00%	$45K	-3,440 (-22.8%)
126	Intesa Sanpaolo S.p.A.	11,150	0.00%	$43K	—
127	Douglass Winthrop Advisors, LLC	11,000	0.00%	$43K	—
128	Farringdon Capital, Ltd.	10,615	0.00%	$41K	NEW
129	MARSHALL WACE, LLP	10,500	0.00%	$41K	-250,070 (-96.0%)
130	WELLS FARGO & COMPANY/MN	9,786	0.00%	$38K	+4,375 (+80.9%)
131	VSM Wealth Advisory, LLC	8,000	0.00%	$31K	—
132	SBI Securities Co., Ltd.	6,968	0.00%	$27K	-5,893 (-45.8%)
133	OSAIC HOLDINGS, INC.	6,417	0.00%	$25K	+171 (+2.7%)
134	TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH PZU SA	5,600	0.00%	$22K	NEW
135	SUMMIT SECURITIES GROUP LLC	5,330	0.00%	$21K	NEW
136	PNC Financial Services Group, Inc.	5,000	0.00%	$19K	+2,000 (+66.7%)
137	JONES FINANCIAL COMPANIES LLLP	3,774	0.00%	$14K	-232 (-5.8%)
138	HARBOUR INVESTMENTS, INC.	3,635	0.00%	$14K	—
139	SALEM INVESTMENT COUNSELORS INC	3,007	0.00%	$12K	—
140	HUNTINGTON NATIONAL BANK	2,301	0.00%	$9K	—
141	Westside Investment Management, Inc.	2,000	0.00%	$8K	—
142	Continuum Advisory, LLC	2,000	0.00%	$8K	NEW
143	GAMMA Investing LLC	1,790	0.00%	$7K	—
144	Clearstead Advisors, LLC	1,603	0.00%	$6K	NEW
145	REYL & Cie S.A.	1,500	0.00%	$4K	NEW
146	NewEdge Advisors, LLC	1,400	0.00%	$5K	-500 (-26.3%)
147	EverSource Wealth Advisors, LLC	1,004	0.00%	$4K	-414 (-29.2%)
148	CoreCap Advisors, LLC	1,000	0.00%	$4K	—
149	FMR LLC	702	0.00%	$3K	—
150	Banque Transatlantique SA	665	0.00%	$3K	—
151	Fairscale Capital, LLC	500	0.00%	$2K	—
152	HOEY INVESTMENTS, INC	500	0.00%	$2K	—
153	Aviso Financial Inc.	450	0.00%	$2K	NEW
154	WPG Advisers, LLC	418	0.00%	$2K	—
155	Cornerstone Financial Management LLC	330	0.00%	$1K	+97 (+41.6%)
156	Leo H. Evart, Inc.	325	0.00%	$1K	—
157	Allworth Financial LP	325	0.00%	$1K	—
158	Bell Investment Advisors, Inc	255	0.00%	$992	—
159	AMERIFLEX GROUP, INC.	149	0.00%	$580	—
160	GS Investments, Inc.	125	0.00%	$486	—
161	FINANCIAL CONSULATE, INC	100	0.00%	$389	—
162	US BANCORP \DE\	77	0.00%	$300	—
163	HOLLENCREST CAPITAL MANAGEMENT	50	0.00%	$195	NEW
164	Crewe Advisors LLC	50	0.00%	$195	—
165	Steward Partners Investment Advisory, LLC	36	0.00%	$140	-1,823 (-98.1%)
166	Stone House Investment Management, LLC	35	0.00%	$136	NEW
167	Quaker Wealth Management, LLC	15	0.00%	$59	—

Exited since 2026-03-31 (23 filers; largest 23 shown)

Point72 Asset Management, L.P.	−598,814
AXQ CAPITAL, LP	−123,161
Banque Cantonale Vaudoise	−50,217
Optiver Holding B.V.	−24,252
First Affirmative Financial Network	−22,917
Voleon Capital Management LP	−19,757
Scientech Research LLC	−19,273
Apollon Wealth Management, LLC	−14,450
STATE OF WISCONSIN INVESTMENT BOARD	−13,910
Tidal Investments LLC	−11,486
Connor, Clark & Lunn Investment Management Ltd.	−10,800
Ground Swell Capital, LLC	−10,555
GROUP ONE TRADING LLC	−8,109
Sound Income Strategies, LLC	−906
Clayton Financial Group LLC	−852
Kilter Group LLC	−500
CX Institutional	−300
Pacifica Partners Inc.	−100
CWM, LLC	−100
McIlrath & Eck, LLC	−96
Plante Moran Financial Advisors, LLC	−75
Vermillion Wealth Management, Inc.	−8
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	−7

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
Shandong Heavy Industry Group Co., Ltd.	SCHEDULE 13D/A	2026-05-19	2026-05-15	31,102,826	10.32%
Weichai Power Co., Ltd.	SCHEDULE 13D/A	2026-05-19	2026-05-15	31,102,826	10.32%
Weichai Power Hong Kong International Development Co., Limited	SCHEDULE 13D/A	2026-05-19	2026-05-15	31,102,826	10.32%
BlackRock, Inc.	SCHEDULE 13G/A	2025-04-24	2025-03-31	14,165,608	4.7%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.