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-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
The tracked-fund tape on CM is one-sided between 2026-Q1 and 2026-Q2: 201 added or opened and 64 trimmed or exited — on balance accumulating.
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 0.2% of theirs — a 1.1pp 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 2026-Q1 and 2026-Q2, across 532 tracked filers holding CM, 277 increased or opened the position and 235 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 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 26
- SIG North Trading, ULC$103M
- Nykredit A/S$26M
- PRUDENTIAL PLC$14M
- Murchinson Ltd.$13M
- Jupiter Topco LLC$11M
- RENAISSANCE TECHNOLOGIES LLC$10M
Full exits 32
- ACADIAN ASSET MANAGEMENT LLC$645M
- Amundi$289M
- VAN ECK ASSOCIATES CORP$81M
- CANADA LIFE ASSURANCE Co$44M
- Blue Sparrow, LLC /DE$37M
- LINCLUDEN MANAGEMENT LTD$28M
Largest adds
- ROYAL BANK OF CANADA$1.0B
- BANK OF MONTREAL /CAN/$1.0B
- MACKENZIE FINANCIAL CORP$814M
- NORGES BANK$568M
- VANGUARD CAPITAL MANAGEMENT LLC$550M
- GEODE CAPITAL MANAGEMENT, LLC$330M
Largest trims
- TORONTO DOMINION BANK$250M
- DEUTSCHE BANK AG\$124M
- Alberta Investment Management Corp$111M
- FIL Ltd$87M
- BCV Asset Management Inc.$33M
- PICTON MAHONEY ASSET MANAGEMENT$15M
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 trimmed | 63,563,007 | $7.3B | 15.6% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 42,547,730 | $4.9B | 10.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 28,143,239 | $3.2B | 6.9% | 2026-Q2 |
| TD Asset Management Inc trimmed | 19,907,518 | $2.3B | 4.9% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 14,495,923 | $1.7B | 3.6% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 13,539,141 | $1.6B | 3.3% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 11,569,311 | $1.3B | 2.9% | 2026-Q2 |
| BANK OF NOVA SCOTIA trimmed | 11,268,708 | $1.3B | 2.8% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 10,936,865 | $1.8B | 3.8% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 10,622,956 | $1.3B | 2.7% | 2026-Q2 |
| NORGES BANK trimmed | 9,895,019 | $1.1B | 2.4% | 2026-Q2 |
| FIL Ltd trimmed | 8,904,437 | $1.0B | 2.2% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 8,475,369 | $985M | 2.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 8,145,741 | $938M | 2.0% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 8,059,922 | $927M | 2.0% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 7,969,186 | $917M | 2.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 7,877,897 | $905M | 1.9% | 2026-Q2 |
| CIBC Asset Management Inc trimmed | 7,342,841 | $844M | 1.8% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 7,069,571 | $814M | 1.7% | 2026-Q2 |
| Legal & General Group Plc trimmed | 6,720,968 | $774M | 1.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 6,621,096 | $761M | 1.6% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 5,844,333 | $672M | 1.4% | 2026-Q2 |
| MORGAN STANLEY added | 4,624,364 | $532M | 1.1% | 2026-Q2 |
| SCOTIA CAPITAL INC. added | 4,517,328 | $519M | 1.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 4,275,451 | $486M | 1.0% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 4,138,717 | $476M | 1.0% | 2026-Q2 |
| Capital International Investors added | 3,705,856 | $427M | 0.9% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 3,536,266 | $405M | 0.9% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,811,352 | $323M | 0.7% | 2026-Q2 |
| Fisher Asset Management, LLC added | 2,810,100 | $323M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,723,954 | $314M | 0.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,378,121 | $273M | 0.6% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 2,090,763 | $241M | 0.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 2,066,458 | $238M | 0.5% | 2026-Q2 |
| Nuveen, LLC trimmed | 1,987,253 | $229M | 0.5% | 2026-Q2 |
| Invesco Ltd. trimmed | 1,817,748 | $209M | 0.4% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) trimmed | 1,732,752 | $199M | 0.4% | 2026-Q2 |
| Cardinal Capital Management, Inc. trimmed | 1,533,246 | $176M | 0.4% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed | 1,497,645 | $172M | 0.4% | 2026-Q2 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 1,475,569 | $170M | 0.4% | 2026-Q2 |
| OMERS ADMINISTRATION Corp added | 1,471,188 | $169M | 0.4% | 2026-Q2 |
| BlackRock, Inc. added | 1,372,030 | $158M | 0.3% | 2026-Q2 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 1,301,918 | $150M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 1,277,058 | $147M | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 1,229,857 | $140M | 0.3% | 2026-Q2 |
| AGF MANAGEMENT LTD added | 1,204,189 | $140M | 0.3% | 2026-Q2 |
| UBS Group AG added | 1,193,384 | $137M | 0.3% | 2026-Q2 |
| AustralianSuper Pty Ltd added | 1,159,585 | $133M | 0.3% | 2026-Q2 |
| Hillsdale Investment Management Inc. trimmed | 1,106,970 | $127M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 937,692 | $108M | 0.2% | 2026-Q2 |
| SIG North Trading, ULC added | 899,155 | $103M | 0.2% | 2026-Q2 |
| AVIVA PLC added | 825,286 | $95M | 0.2% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 818,025 | $94M | 0.2% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 815,015 | $94M | 0.2% | 2026-Q2 |
| Alberta Investment Management Corp trimmed | 799,146 | $92M | 0.2% | 2026-Q2 |
| GUARDIAN CAPITAL LP trimmed | 786,905 | $91M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 738,712 | $85M | 0.2% | 2026-Q2 |
| Caisse de depot et placement du Quebec trimmed | 694,141 | $80M | 0.2% | 2026-Q2 |
| Aviso Financial Inc. trimmed | 675,677 | $78M | 0.2% | 2026-Q2 |
| APG Asset Management N.V. added | 666,066 | $67M | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 663,251 | $76M | 0.2% | 2026-Q2 |
| Korea Investment CORP added | 657,044 | $76M | 0.2% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. added | 560,550 | $65M | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 536,067 | $62M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury trimmed | 522,083 | $60M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 487,384 | $56M | 0.1% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 480,915 | $55M | 0.1% | 2026-Q2 |
| Value Partners Investments Inc. trimmed | 474,658 | $55M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 472,593 | $54M | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. added | 467,777 | $54M | 0.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 450,147 | $52M | 0.1% | 2026-Q2 |
| CITIGROUP INC trimmed | 393,821 | $45M | 0.1% | 2026-Q2 |
| BCV Asset Management Inc. trimmed | 386,903 | $44M | 0.1% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC added | 385,937 | $44M | 0.1% | 2026-Q2 |
| CIDEL ASSET MANAGEMENT INC trimmed | 380,736 | $44M | 0.1% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 373,033 | $43M | 0.1% | 2026-Q2 |
| Guardian Partners Inc. trimmed | 338,582 | $39M | 0.1% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 311,300 | $36M | 0.1% | 2026-Q2 |
| ASSETMARK, INC added | 303,379 | $35M | 0.1% | 2026-Q2 |
| Addenda Capital Inc. trimmed | 295,989 | $49M | 0.1% | 2026-Q2 |
| Purpose Unlimited Inc. added | 290,557 | $33M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 290,240 | $33M | 0.1% | 2026-Q2 |
| Candriam S.C.A. trimmed | 285,895 | $33M | 0.1% | 2026-Q2 |
| SEB Asset Management AB added | 282,047 | $32M | 0.1% | 2026-Q2 |
| Fiera Capital Corp added | 271,571 | $31M | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Trust & Banking Corp trimmed | 263,988 | $30M | 0.1% | 2026-Q2 |
| Triasima Portfolio Management inc. added | 243,652 | $28M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 241,415 | $28M | 0.1% | 2026-Q2 |
| Investment Management Corp of Ontario trimmed | 238,291 | $27M | 0.1% | 2026-Q2 |
| Nykredit A/S new | 227,303 | $26M | 0.1% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 224,302 | $26M | 0.1% | 2026-Q2 |
| PensionDanmark Pensionsforsikringsaktieselskab added | 222,010 | $26M | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 214,171 | $25M | 0.1% | 2026-Q2 |
| Lansforsakringar Fondforvaltning AB (publ) trimmed | 213,631 | $25M | 0.1% | 2026-Q2 |
| Northwest & Ethical Investments L.P. added | 210,159 | $24M | 0.1% | 2026-Q2 |
| CANERECTOR INC | 200,000 | $23M | 0.0% | 2026-Q2 |
| Varma Mutual Pension Insurance Co added | 196,411 | $23M | 0.0% | 2026-Q2 |
| Swiss Life Asset Management Ltd added | 195,112 | $22M | 0.0% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 166,107 | $19M | 0.0% | 2026-Q2 |
| Kepler Cheuvreux (Suisse) SA trimmed | 158,322 | $26M | 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.