Who owns CM
Which tracked institutional funds hold CM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CM company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
127 tracked funds added or opened CM while 95 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
CM’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 1.2% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CM 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 2025-Q4 and 2026-Q1, across 514 tracked filers holding CM, 245 increased or opened the position and 221 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 CM between the 2025-Q4 and 2026-Q1 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 12
- VANGUARD CAPITAL MANAGEMENT LLC$2.7B
- VANGUARD FIDUCIARY TRUST CO$783M
- Vanguard Global Advisers, LLC$627M
- VANGUARD ASSET MANAGEMENT, Ltd$180M
- AustralianSuper Pty Ltd$72M
- Vanguard Investments Australia, Ltd.$44M
Full exits 28
- VANGUARD GROUP INC$3.9B
- SIG North Trading, ULC$46M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$32M
- Skandinaviska Enskilda Banken AB (publ)$22M
- FORSTA AP-FONDEN$19M
- Waratah Capital Advisors Ltd.$18M
Largest adds
- TD Waterhouse Canada Inc.$472M
- ACADIAN ASSET MANAGEMENT LLC$429M
- ROYAL BANK OF CANADA$281M
- CANADA PENSION PLAN INVESTMENT BOARD$202M
- Alberta Investment Management Corp$180M
- GEODE CAPITAL MANAGEMENT, LLC$109M
Largest trims
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$445M
- NORGES BANK$388M
- MORGAN STANLEY$123M
- OMERS ADMINISTRATION Corp$111M
- CIBC Asset Management Inc$74M
- PICTON MAHONEY ASSET MANAGEMENT$73M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ROYAL BANK OF CANADA added | 66,241,847 | $6.3B | 14.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 40,932,860 | $3.9B | 8.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 28,394,941 | $2.7B | 6.1% | 2026-Q1 |
| TD Asset Management Inc trimmed | 22,617,569 | $2.1B | 4.8% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 20,225,283 | $1.9B | 4.3% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 12,952,062 | $1.2B | 2.8% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 12,683,488 | $1.2B | 2.7% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 12,136,889 | $1.2B | 2.6% | 2026-Q1 |
| FIL Ltd trimmed | 11,739,778 | $1.1B | 2.5% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 10,257,007 | $972M | 2.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 9,566,294 | $934M | 2.1% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 9,134,241 | $864M | 2.0% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 9,002,513 | $853M | 1.9% | 2026-Q1 |
| CIBC Asset Management Inc trimmed | 8,493,467 | $802M | 1.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 8,261,378 | $783M | 1.8% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 8,137,749 | $777M | 1.8% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 8,123,678 | $769M | 1.7% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 6,828,789 | $645M | 1.5% | 2026-Q1 |
| Legal & General Group Plc added | 6,762,827 | $639M | 1.4% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 6,619,005 | $627M | 1.4% | 2026-Q1 |
| Public Sector Pension Investment Board added | 6,242,590 | $592M | 1.3% | 2026-Q1 |
| NORGES BANK trimmed | 10,134,397 | $570M | 1.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 4,825,229 | $457M | 1.0% | 2026-Q1 |
| SCOTIA CAPITAL INC. added | 4,380,269 | $414M | 0.9% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 4,393,395 | $403M | 0.9% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 3,817,955 | $362M | 0.8% | 2026-Q1 |
| Capital International Investors trimmed | 3,696,076 | $350M | 0.8% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 3,604,567 | $340M | 0.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,477,669 | $330M | 0.7% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 3,389,515 | $321M | 0.7% | 2026-Q1 |
| Amundi added | 3,045,890 | $289M | 0.7% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,978,994 | $282M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,726,487 | $258M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,685,484 | $254M | 0.6% | 2026-Q1 |
| Fisher Asset Management, LLC added | 2,542,650 | $241M | 0.5% | 2026-Q1 |
| Invesco Ltd. added | 2,228,428 | $211M | 0.5% | 2026-Q1 |
| Alberta Investment Management Corp added | 2,143,585 | $203M | 0.5% | 2026-Q1 |
| Nuveen, LLC trimmed | 2,089,979 | $197M | 0.4% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 1,896,782 | $180M | 0.4% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 1,856,536 | $175M | 0.4% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 1,603,844 | $152M | 0.3% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 1,565,632 | $148M | 0.3% | 2026-Q1 |
| Cardinal Capital Management, Inc. trimmed | 1,557,036 | $147M | 0.3% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 1,377,647 | $130M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,333,526 | $126M | 0.3% | 2026-Q1 |
| Hillsdale Investment Management Inc. added | 1,241,867 | $118M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 1,236,875 | $117M | 0.3% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 1,127,955 | $107M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 955,972 | $89M | 0.2% | 2026-Q1 |
| Caisse de depot et placement du Quebec trimmed | 919,337 | $87M | 0.2% | 2026-Q1 |
| AGF MANAGEMENT LTD added | 886,485 | $85M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 894,249 | $85M | 0.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 859,604 | $81M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 824,712 | $78M | 0.2% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 823,115 | $78M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 818,294 | $77M | 0.2% | 2026-Q1 |
| BCV Asset Management Inc. trimmed | 813,623 | $77M | 0.2% | 2026-Q1 |
| AustralianSuper Pty Ltd new | 759,007 | $72M | 0.2% | 2026-Q1 |
| Aviso Financial Inc. added | 723,814 | $69M | 0.2% | 2026-Q1 |
| OMERS ADMINISTRATION Corp trimmed | 636,799 | $60M | 0.1% | 2026-Q1 |
| UBS Group AG added | 629,981 | $60M | 0.1% | 2026-Q1 |
| Value Partners Investments Inc. trimmed | 612,390 | $58M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 556,350 | $53M | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 543,902 | $52M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury added | 524,247 | $50M | 0.1% | 2026-Q1 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC added | 522,000 | $49M | 0.1% | 2026-Q1 |
| Korea Investment CORP trimmed | 503,377 | $48M | 0.1% | 2026-Q1 |
| CIDEL ASSET MANAGEMENT INC added | 489,753 | $46M | 0.1% | 2026-Q1 |
| CITIGROUP INC trimmed | 485,673 | $46M | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 475,371 | $45M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 463,458 | $44M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 463,010 | $44M | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 450,065 | $43M | 0.1% | 2026-Q1 |
| Addenda Capital Inc. trimmed | 315,186 | $42M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 444,996 | $41M | 0.1% | 2026-Q1 |
| APG Asset Management N.V. trimmed | 476,882 | $39M | 0.1% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 412,192 | $39M | 0.1% | 2026-Q1 |
| Kepler Cheuvreux (Suisse) SA | 287,239 | $38M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 396,026 | $37M | 0.1% | 2026-Q1 |
| Blue Sparrow, LLC /DE new | 390,000 | $37M | 0.1% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 379,527 | $36M | 0.1% | 2026-Q1 |
| Guardian Partners Inc. trimmed | 376,970 | $36M | 0.1% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 324,820 | $31M | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 305,540 | $29M | 0.1% | 2026-Q1 |
| LINCLUDEN MANAGEMENT LTD trimmed | 293,506 | $28M | 0.1% | 2026-Q1 |
| Candriam S.C.A. trimmed | 297,713 | $28M | 0.1% | 2026-Q1 |
| Purpose Unlimited Inc. added | 289,033 | $27M | 0.1% | 2026-Q1 |
| ASSETMARK, INC added | 284,477 | $27M | 0.1% | 2026-Q1 |
| CANERECTOR INC | 200,000 | $26M | 0.1% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 268,356 | $25M | 0.1% | 2026-Q1 |
| Andra AP-fonden trimmed | 192,844 | $25M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 43,097,841 | $3.9B | 8.8% | 2025-Q4 stale |
| HSBC HOLDINGS PLC added | 1,085,730 | $87M | 0.2% | 2025-Q3 stale |
| NICOLA WEALTH MANAGEMENT LTD. added | 950,000 | $76M | 0.2% | 2025-Q3 stale |
| AXA S.A. added | 913,458 | $65M | 0.1% | 2025-Q2 stale |
| SIG North Trading, ULC added | 503,924 | $46M | 0.1% | 2025-Q4 stale |
| Achmea Investment Management B.V. added | 442,573 | $35M | 0.1% | 2025-Q3 stale |
| Scheer, Rowlett & Associates Investment Management Ltd. trimmed | 411,706 | $33M | 0.1% | 2025-Q3 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 347,918 | $32M | 0.1% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 392,805 | $31M | 0.1% | 2025-Q3 stale |
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.