Who owns Canadian Pacific Kansas City Ltd. (CP)
Which tracked institutional funds hold CP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CP 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
The tracked-fund tape on CP is one-sided between 2026-Q1 and 2026-Q2: 0 added or opened and 552 trimmed or exited — on balance reducing.
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
CP’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.8% of its own reported 13F book, while the median holder sizes it at 0.6% 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 CP 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 949 tracked filers holding CP, 398 increased or opened the position and 453 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 CP 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.
Full exits 552
- ROYAL BANK OF CANADA$4.2B
- TCI FUND MANAGEMENT LTD$3.7B
- VANGUARD CAPITAL MANAGEMENT LLC$1.9B
- Invesco Ltd.$1.7B
- FIL Ltd$1.7B
- FMR LLC$1.6B
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 trimmed | 52,952,459 | $4.2B | 8.4% | 2026-Q1 |
| TCI FUND MANAGEMENT LTD trimmed | 46,521,923 | $3.7B | 7.4% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 24,666,695 | $1.9B | 3.9% | 2026-Q1 |
| Invesco Ltd. trimmed | 22,040,141 | $1.7B | 3.5% | 2026-Q1 |
| FIL Ltd added | 21,001,067 | $1.7B | 3.3% | 2026-Q1 |
| FMR LLC added | 20,158,705 | $1.6B | 3.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 19,679,674 | $1.5B | 3.1% | 2026-Q1 |
| TD Asset Management Inc added | 18,829,813 | $1.5B | 3.0% | 2026-Q1 |
| WCM INVESTMENT MANAGEMENT, LLC trimmed | 16,084,320 | $1.2B | 2.5% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 15,625,962 | $1.2B | 2.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 15,744,456 | $1.2B | 2.5% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 14,142,830 | $1.1B | 2.2% | 2026-Q1 |
| NORGES BANK trimmed | 12,287,733 | $863M | 1.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 8,804,476 | $701M | 1.4% | 2026-Q1 |
| CAUSEWAY CAPITAL MANAGEMENT LLC trimmed | 8,792,381 | $690M | 1.4% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 8,103,143 | $637M | 1.3% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 7,938,210 | $625M | 1.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 7,921,836 | $623M | 1.3% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 7,797,187 | $613M | 1.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 7,147,286 | $561M | 1.1% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 7,077,878 | $557M | 1.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 7,080,217 | $555M | 1.1% | 2026-Q1 |
| Veritas Asset Management LLP trimmed | 6,854,361 | $539M | 1.1% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 6,749,527 | $531M | 1.1% | 2026-Q1 |
| CIBC Asset Management Inc trimmed | 6,612,973 | $522M | 1.1% | 2026-Q1 |
| Fisher Asset Management, LLC added | 6,202,848 | $488M | 1.0% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 6,181,934 | $478M | 1.0% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main trimmed | 6,025,005 | $473M | 1.0% | 2026-Q1 |
| Fiera Capital Corp trimmed | 5,905,413 | $464M | 0.9% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 4,838,509 | $460M | 0.9% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 5,493,273 | $432M | 0.9% | 2026-Q1 |
| Rothschild & Co Wealth Management UK Ltd trimmed | 5,264,204 | $414M | 0.8% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 5,299,197 | $413M | 0.8% | 2026-Q1 |
| Sustainable Growth Advisers, LP trimmed | 5,210,330 | $410M | 0.8% | 2026-Q1 |
| Select Equity Group, L.P. added | 4,956,024 | $389M | 0.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 4,929,409 | $388M | 0.8% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 4,692,880 | $369M | 0.7% | 2026-Q1 |
| Fayez Sarofim & Co trimmed | 4,621,108 | $363M | 0.7% | 2026-Q1 |
| Cantillon Capital Management LLC added | 4,344,435 | $342M | 0.7% | 2026-Q1 |
| BARCLAYS PLC added | 4,186,942 | $329M | 0.7% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 4,111,721 | $323M | 0.7% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 3,811,690 | $297M | 0.6% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 3,691,285 | $288M | 0.6% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 3,618,261 | $285M | 0.6% | 2026-Q1 |
| Swiss National Bank added | 3,020,193 | $237M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,929,993 | $230M | 0.5% | 2026-Q1 |
| Clearbridge Investments, LLC added | 2,864,548 | $225M | 0.5% | 2026-Q1 |
| AKO CAPITAL LLP trimmed | 2,747,795 | $216M | 0.4% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 2,718,819 | $214M | 0.4% | 2026-Q1 |
| BESSEMER GROUP INC added | 2,545,049 | $200M | 0.4% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 2,479,436 | $195M | 0.4% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 2,411,476 | $190M | 0.4% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 2,394,073 | $188M | 0.4% | 2026-Q1 |
| Findlay Park Partners LLP trimmed | 2,309,096 | $182M | 0.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,312,479 | $181M | 0.4% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 2,242,557 | $176M | 0.4% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 2,098,097 | $165M | 0.3% | 2026-Q1 |
| Canoe Financial LP added | 2,032,478 | $160M | 0.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,029,606 | $160M | 0.3% | 2026-Q1 |
| THORNBURG INVESTMENT MANAGEMENT INC trimmed | 2,028,713 | $160M | 0.3% | 2026-Q1 |
| ALKEON CAPITAL MANAGEMENT LLC | 2,004,000 | $158M | 0.3% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 1,980,020 | $156M | 0.3% | 2026-Q1 |
| Mirova US LLC trimmed | 1,944,162 | $153M | 0.3% | 2026-Q1 |
| UBS Group AG added | 1,894,116 | $149M | 0.3% | 2026-Q1 |
| BRISTOL JOHN W & CO INC /NY/ trimmed | 1,832,183 | $144M | 0.3% | 2026-Q1 |
| Cardinal Capital Management, Inc. added | 1,669,924 | $131M | 0.3% | 2026-Q1 |
| Amundi added | 1,625,933 | $128M | 0.3% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 1,552,489 | $122M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,526,955 | $120M | 0.2% | 2026-Q1 |
| UniSuper Management Pty Ltd added | 1,042,440 | $114M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 1,444,881 | $114M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 1,430,095 | $113M | 0.2% | 2026-Q1 |
| Rathbones Group PLC trimmed | 1,407,840 | $111M | 0.2% | 2026-Q1 |
| Quilter Plc added | 991,422 | $109M | 0.2% | 2026-Q1 |
| Consulta Ltd trimmed | 1,350,000 | $106M | 0.2% | 2026-Q1 |
| Baird Financial Group, Inc. added | 1,330,716 | $105M | 0.2% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 1,331,643 | $105M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 1,293,528 | $102M | 0.2% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 1,222,910 | $96M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 1,209,281 | $95M | 0.2% | 2026-Q1 |
| Alberta Investment Management Corp added | 1,165,755 | $92M | 0.2% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed | 1,137,762 | $90M | 0.2% | 2026-Q1 |
| AVIVA PLC trimmed | 1,137,998 | $89M | 0.2% | 2026-Q1 |
| BCV Asset Management Inc. added | 1,122,468 | $88M | 0.2% | 2026-Q1 |
| Aviso Financial Inc. trimmed | 1,106,483 | $87M | 0.2% | 2026-Q1 |
| REAVES W H & CO INC added | 1,078,191 | $85M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,054,783 | $83M | 0.2% | 2026-Q1 |
| Maren Capital LLC trimmed | 1,047,986 | $82M | 0.2% | 2026-Q1 |
| State of Tennessee, Department of Treasury added | 987,588 | $78M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 983,079 | $77M | 0.2% | 2026-Q1 |
| Ninety One UK Ltd trimmed | 983,667 | $77M | 0.2% | 2026-Q1 |
| Holocene Advisors, LP trimmed | 976,278 | $77M | 0.2% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 38,029,414 | $2.8B | 5.7% | 2025-Q4 stale |
| Pershing Square Capital Management, L.P. trimmed | 14,799,796 | $1.0B | 2.1% | 2025-Q1 stale |
| NAYA CAPITAL MANAGEMENT UK LTD added | 4,063,480 | $285M | 0.6% | 2025-Q1 stale |
| Meritage Group LP | 3,773,482 | $265M | 0.5% | 2025-Q1 stale |
| D1 Capital Partners L.P. new | 2,327,000 | $163M | 0.3% | 2025-Q1 stale |
| Mitsubishi UFJ Trust & Banking Corp added | 1,935,337 | $154M | 0.3% | 2025-Q2 stale |
| Egerton Capital (UK) LLP trimmed | 2,026,311 | $151M | 0.3% | 2025-Q3 stale |
| RIVULET CAPITAL, LLC trimmed | 1,205,600 | $90M | 0.2% | 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.