Who owns BCE
Which tracked institutional funds hold BCE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BCE company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
60 tracked funds added or opened BCE while 127 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BCE’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BCE divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 367 tracked filers holding BCE, 173 increased or opened the position and 205 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BCE between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 14
- VIKING GLOBAL INVESTORS LP$181M
- AGF MANAGEMENT LTD$52M
- Munich Reinsurance Co Stock Corp in Munich$4M
- DeepCurrents Investment Group LLC$4M
- Timelo Investment Management Inc.$2M
- Nykredit A/S$2M
Full exits 31
- JUPITER ASSET MANAGEMENT LTD$84M
- Quadrature Capital Ltd$82M
- BESSEMER GROUP INC$48M
- LINCLUDEN MANAGEMENT LTD$47M
- Amundi$20M
- Janney Montgomery Scott LLC$11M
Largest adds
- MORGAN STANLEY$92M
- GOLDMAN SACHS GROUP INC$89M
- GEODE CAPITAL MANAGEMENT, LLC$48M
- Connor, Clark & Lunn Investment Management Ltd.$33M
- MACKENZIE FINANCIAL CORP$31M
- CITADEL ADVISORS LLC$24M
Largest trims
- Federation des caisses Desjardins du Quebec$186M
- CIBC WORLD MARKET INC.$125M
- Caisse de depot et placement du Quebec$123M
- ROYAL BANK OF CANADA$117M
- FIL Ltd$111M
- TWO SIGMA INVESTMENTS, LP$100M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ROYAL BANK OF CANADA added | 64,047,598 | $1.4B | 14.6% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 39,617,898 | $853M | 9.1% | 2026-Q2 |
| FIL Ltd added | 38,658,448 | $833M | 8.8% | 2026-Q2 |
| Caisse de depot et placement du Quebec | 34,107,306 | $734M | 7.8% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 23,165,717 | $499M | 5.3% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 21,563,415 | $464M | 4.9% | 2026-Q2 |
| BANK OF NOVA SCOTIA added | 17,954,428 | $387M | 4.1% | 2026-Q2 |
| MORGAN STANLEY added | 11,356,023 | $244M | 2.6% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 10,758,101 | $231M | 2.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 8,995,995 | $194M | 2.1% | 2026-Q2 |
| VIKING GLOBAL INVESTORS LP new | 8,383,278 | $181M | 1.9% | 2026-Q2 |
| LETKO, BROSSEAU & ASSOCIATES INC added | 7,626,060 | $164M | 1.7% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 7,104,381 | $153M | 1.6% | 2026-Q2 |
| TD Asset Management Inc trimmed | 7,020,162 | $151M | 1.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 6,556,210 | $141M | 1.5% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 5,488,833 | $118M | 1.3% | 2026-Q2 |
| TORONTO DOMINION BANK added | 5,371,279 | $116M | 1.2% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 5,216,019 | $112M | 1.2% | 2026-Q2 |
| Cullen Capital Management, LLC trimmed | 4,975,496 | $107M | 1.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,744,780 | $115M | 1.2% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 4,211,386 | $129M | 1.4% | 2026-Q2 |
| NORGES BANK added | 4,163,985 | $90M | 1.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 3,790,198 | $82M | 0.9% | 2026-Q2 |
| UBS Group AG added | 3,679,846 | $79M | 0.8% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 3,578,737 | $77M | 0.8% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 3,322,214 | $72M | 0.8% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 3,103,638 | $67M | 0.7% | 2026-Q2 |
| Legal & General Group Plc added | 3,060,150 | $66M | 0.7% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main trimmed | 2,963,785 | $64M | 0.7% | 2026-Q2 |
| 1832 Asset Management L.P. added | 2,833,204 | $61M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 2,761,432 | $59M | 0.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,734,541 | $59M | 0.6% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 2,650,560 | $57M | 0.6% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 2,634,020 | $57M | 0.6% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 2,595,093 | $55M | 0.6% | 2026-Q2 |
| SIG North Trading, ULC added | 2,280,098 | $49M | 0.5% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 2,232,807 | $48M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 2,192,646 | $49M | 0.5% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 2,141,166 | $46M | 0.5% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 2,089,691 | $45M | 0.5% | 2026-Q2 |
| Hillsdale Investment Management Inc. added | 2,007,737 | $43M | 0.5% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 1,886,101 | $58M | 0.6% | 2026-Q2 |
| Harvest Portfolios Group Inc. added | 1,806,122 | $39M | 0.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,747,138 | $38M | 0.4% | 2026-Q2 |
| AGF MANAGEMENT LTD added | 1,710,846 | $52M | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,578,596 | $34M | 0.4% | 2026-Q2 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 1,319,114 | $28M | 0.3% | 2026-Q2 |
| CIBC Asset Management Inc trimmed | 1,309,245 | $28M | 0.3% | 2026-Q2 |
| BlackRock, Inc. added | 1,275,177 | $27M | 0.3% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 1,147,978 | $25M | 0.3% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 1,142,696 | $25M | 0.3% | 2026-Q2 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1,127,288 | $24M | 0.3% | 2026-Q2 |
| Public Sector Pension Investment Board added | 1,034,047 | $22M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 1,003,609 | $22M | 0.2% | 2026-Q2 |
| Purpose Unlimited Inc. trimmed | 931,493 | $20M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 796,825 | $17M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 776,378 | $17M | 0.2% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 772,604 | $17M | 0.2% | 2026-Q2 |
| Allianz Asset Management GmbH added | 765,026 | $16M | 0.2% | 2026-Q2 |
| GABELLI FUNDS LLC trimmed | 764,000 | $16M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 758,176 | $16M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 731,141 | $16M | 0.2% | 2026-Q2 |
| NICOLA WEALTH MANAGEMENT LTD. | 729,000 | $16M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 682,754 | $15M | 0.2% | 2026-Q2 |
| Ninepoint Partners LP added | 675,161 | $15M | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 662,980 | $14M | 0.2% | 2026-Q2 |
| NATIXIS added | 586,699 | $13M | 0.1% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 586,026 | $13M | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 536,253 | $12M | 0.1% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 512,388 | $11M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury added | 501,246 | $11M | 0.1% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 496,837 | $11M | 0.1% | 2026-Q2 |
| Invesco Ltd. added | 492,825 | $11M | 0.1% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. trimmed | 485,021 | $10M | 0.1% | 2026-Q2 |
| Addenda Capital Inc. trimmed | 465,393 | $14M | 0.2% | 2026-Q2 |
| Northwest & Ethical Investments L.P. added | 450,644 | $10M | 0.1% | 2026-Q2 |
| APG Asset Management N.V. added | 444,281 | $8M | 0.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 424,273 | $9M | 0.1% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 414,568 | $9M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 412,578 | $9M | 0.1% | 2026-Q2 |
| Korea Investment CORP added | 384,861 | $8M | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 383,687 | $8M | 0.1% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 370,944 | $8M | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 339,681 | $7M | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 334,542 | $7M | 0.1% | 2026-Q2 |
| Ruffer LLP added | 329,790 | $7M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 326,949 | $7M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 325,253 | $7M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 295,625 | $6M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 282,875 | $6M | 0.1% | 2026-Q2 |
| AVIVA PLC added | 260,816 | $6M | 0.1% | 2026-Q2 |
| AustralianSuper Pty Ltd added | 256,206 | $6M | 0.1% | 2026-Q2 |
| K.J. Harrison & Partners Inc added | 254,812 | $5M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 253,976 | $5M | 0.1% | 2026-Q2 |
| Alberta Investment Management Corp | 250,093 | $5M | 0.1% | 2026-Q2 |
| Nuveen, LLC added | 248,337 | $5M | 0.1% | 2026-Q2 |
| JOHN G ULLMAN & ASSOCIATES INC added | 243,677 | $5M | 0.1% | 2026-Q2 |
| FMR LLC added | 221,440 | $5M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 216,758 | $5M | 0.0% | 2026-Q2 |
| FLAX POND CAPITAL, LLC | 196,569 | $5M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.