Who owns MFC (MFC)
Which tracked institutional funds hold MFC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MFC company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
81 tracked funds added or opened MFC while 179 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
MFC’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MFC 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 763 tracked filers holding MFC, 340 increased or opened the position and 319 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 MFC 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 15
- VANGUARD CAPITAL MANAGEMENT LLC$1.7B
- VANGUARD FIDUCIARY TRUST CO$509M
- Vanguard Global Advisers, LLC$411M
- VANGUARD ASSET MANAGEMENT, Ltd$117M
- SEB Asset Management AB$34M
- Vanguard Investments Australia, Ltd.$29M
Full exits 27
- VANGUARD GROUP INC$2.8B
- Zurich Insurance Group Ltd/FI$29M
- Capital World Investors$24M
- Jefferies Financial Group Inc.$17M
- FORSTA AP-FONDEN$15M
- Skandinaviska Enskilda Banken AB (publ)$11M
Largest adds
- TD Waterhouse Canada Inc.$331M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$253M
- NATIONAL BANK OF CANADA /FI/$105M
- Caisse de depot et placement du Quebec$70M
- CANADA PENSION PLAN INVESTMENT BOARD$47M
- JPMORGAN CHASE & CO$43M
Largest trims
- ROYAL BANK OF CANADA$994M
- CIBC WORLD MARKET INC.$338M
- GOLDMAN SACHS GROUP INC$180M
- JANUS HENDERSON GROUP PLC$140M
- CIBC Asset Management Inc$129M
- NORGES BANK$115M
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 | 110,979,590 | $3.8B | 13.4% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 57,296,687 | $2.0B | 6.9% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 48,056,110 | $1.7B | 5.8% | 2026-Q1 |
| TD Asset Management Inc added | 40,746,302 | $1.4B | 4.9% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 29,894,048 | $1.0B | 3.6% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 28,248,714 | $973M | 3.4% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 26,160,388 | $900M | 3.1% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 20,515,970 | $707M | 2.5% | 2026-Q1 |
| NORGES BANK trimmed | 21,258,231 | $663M | 2.3% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 17,545,184 | $623M | 2.2% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 16,675,574 | $580M | 2.0% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 16,811,222 | $579M | 2.0% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 14,772,184 | $509M | 1.8% | 2026-Q1 |
| CIBC Asset Management Inc trimmed | 14,114,546 | $488M | 1.7% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 12,990,620 | $448M | 1.6% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 11,920,832 | $411M | 1.4% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 11,702,230 | $403M | 1.4% | 2026-Q1 |
| BANK OF NOVA SCOTIA trimmed | 11,370,691 | $392M | 1.4% | 2026-Q1 |
| Legal & General Group Plc added | 11,376,566 | $391M | 1.4% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 10,873,355 | $373M | 1.3% | 2026-Q1 |
| MORGAN STANLEY added | 10,429,680 | $359M | 1.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 10,350,002 | $348M | 1.2% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 10,117,802 | $347M | 1.2% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 9,161,534 | $314M | 1.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 8,257,487 | $284M | 1.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 7,060,548 | $243M | 0.9% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 5,759,073 | $219M | 0.8% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 6,133,150 | $211M | 0.7% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 6,038,452 | $207M | 0.7% | 2026-Q1 |
| Man Group plc trimmed | 5,658,350 | $194M | 0.7% | 2026-Q1 |
| Swiss National Bank added | 5,645,600 | $194M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 4,687,316 | $161M | 0.6% | 2026-Q1 |
| Cardinal Capital Management, Inc. added | 4,675,188 | $161M | 0.6% | 2026-Q1 |
| Harding Loevner LP trimmed | 4,479,701 | $154M | 0.5% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 4,487,458 | $154M | 0.5% | 2026-Q1 |
| Amundi trimmed | 3,870,403 | $136M | 0.5% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 3,446,160 | $133M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 3,772,871 | $130M | 0.5% | 2026-Q1 |
| AustralianSuper Pty Ltd added | 3,754,341 | $129M | 0.5% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 3,466,430 | $119M | 0.4% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 3,394,634 | $117M | 0.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 2,762,312 | $94M | 0.3% | 2026-Q1 |
| UBS Group AG trimmed | 2,552,877 | $88M | 0.3% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 2,487,122 | $86M | 0.3% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 2,480,713 | $85M | 0.3% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. added | 2,467,191 | $85M | 0.3% | 2026-Q1 |
| Quadrature Capital Ltd added | 2,373,200 | $81M | 0.3% | 2026-Q1 |
| Alberta Investment Management Corp trimmed | 2,323,084 | $80M | 0.3% | 2026-Q1 |
| Invesco Ltd. added | 2,226,947 | $77M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 2,137,641 | $74M | 0.3% | 2026-Q1 |
| Bridgewater Associates, LP trimmed | 2,113,648 | $73M | 0.3% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 2,057,848 | $72M | 0.3% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 2,065,147 | $71M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 1,903,648 | $66M | 0.2% | 2026-Q1 |
| FIL Ltd trimmed | 1,884,698 | $65M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 1,882,609 | $64M | 0.2% | 2026-Q1 |
| Hillsdale Investment Management Inc. added | 1,866,622 | $64M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 1,848,199 | $63M | 0.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 1,830,796 | $63M | 0.2% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 1,827,380 | $63M | 0.2% | 2026-Q1 |
| Korea Investment CORP added | 1,809,717 | $62M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp added | 1,756,926 | $61M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 1,716,532 | $59M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 1,686,870 | $58M | 0.2% | 2026-Q1 |
| Clearbridge Investments, LLC added | 1,538,713 | $53M | 0.2% | 2026-Q1 |
| Value Partners Investments Inc. trimmed | 1,518,899 | $52M | 0.2% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 1,465,476 | $50M | 0.2% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 1,379,725 | $47M | 0.2% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC trimmed | 1,371,676 | $47M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,355,879 | $47M | 0.2% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 1,362,884 | $46M | 0.2% | 2026-Q1 |
| TODD ASSET MANAGEMENT LLC added | 1,252,508 | $43M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 1,175,854 | $40M | 0.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 1,125,424 | $39M | 0.1% | 2026-Q1 |
| CANERECTOR INC added | 800,000 | $38M | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,096,834 | $38M | 0.1% | 2026-Q1 |
| Scheer, Rowlett & Associates Investment Management Ltd. trimmed | 1,094,428 | $38M | 0.1% | 2026-Q1 |
| Addenda Capital Inc. trimmed | 764,467 | $37M | 0.1% | 2026-Q1 |
| Public Sector Pension Investment Board added | 1,058,887 | $36M | 0.1% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT trimmed | 1,058,547 | $36M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 1,010,344 | $35M | 0.1% | 2026-Q1 |
| SEB Asset Management AB new | 976,488 | $34M | 0.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 985,085 | $33M | 0.1% | 2026-Q1 |
| BARCLAYS PLC trimmed | 961,748 | $33M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury trimmed | 960,491 | $33M | 0.1% | 2026-Q1 |
| Achmea Investment Management B.V. trimmed | 910,146 | $31M | 0.1% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 909,682 | $31M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 835,325 | $29M | 0.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA TRUST CO added | 817,126 | $28M | 0.1% | 2026-Q1 |
| Focus Partners Wealth added | 815,597 | $28M | 0.1% | 2026-Q1 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | 753,560 | $26M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 754,016 | $26M | 0.1% | 2026-Q1 |
| APG Asset Management N.V. trimmed | 859,620 | $26M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 78,317,788 | $2.8B | 9.9% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd trimmed | 3,273,476 | $102M | 0.4% | 2025-Q3 stale |
| MUFG Securities EMEA plc trimmed | 2,300,000 | $72M | 0.3% | 2025-Q3 stale |
| LORD, ABBETT & CO. LLC trimmed | 2,015,434 | $64M | 0.2% | 2025-Q2 stale |
| JUPITER ASSET MANAGEMENT LTD added | 2,023,966 | $63M | 0.2% | 2025-Q1 stale |
| Nearwater Capital Markets, Ltd new | 1,900,000 | $59M | 0.2% | 2025-Q3 stale |
| Zurich Insurance Group Ltd/FI added | 805,289 | $29M | 0.1% | 2025-Q4 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.