Who owns 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-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 MFC is one-sided between 2026-Q1 and 2026-Q2: 253 added or opened and 74 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
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 2026-Q1 and 2026-Q2, across 765 tracked filers holding MFC, 364 increased or opened the position and 308 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 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 19
- MUFG Securities EMEA plc$101M
- Polar Asset Management Partners Inc.$78M
- Nykredit A/S$13M
- Caldwell Investment Management Ltd.$10M
- Jupiter Topco LLC$7M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$6M
Full exits 36
- Beutel, Goodman & Co Ltd.$347M
- Amundi$136M
- DekaBank Deutsche Girozentrale$72M
- CANADA LIFE ASSURANCE Co$63M
- Achmea Investment Management B.V.$31M
- TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY$26M
Largest adds
- MACKENZIE FINANCIAL CORP$668M
- ROYAL BANK OF CANADA$554M
- BANK OF MONTREAL /CAN/$326M
- VANGUARD CAPITAL MANAGEMENT LLC$309M
- CIBC Asset Management Inc$228M
- BANK OF NOVA SCOTIA$203M
Largest trims
- TORONTO DOMINION BANK$349M
- TD Asset Management Inc$129M
- Man Group plc$69M
- Quadrature Capital Ltd$54M
- TWO SIGMA INVESTMENTS, LP$47M
- AGF MANAGEMENT LTD$47M
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 | 108,016,896 | $4.4B | 14.9% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 56,769,350 | $2.3B | 7.8% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 48,447,152 | $2.0B | 6.7% | 2026-Q2 |
| TD Asset Management Inc trimmed | 31,322,803 | $1.3B | 4.3% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 29,507,839 | $1.7B | 5.8% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 26,549,435 | $1.1B | 3.7% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 25,779,357 | $1.0B | 3.6% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 19,580,036 | $821M | 2.8% | 2026-Q2 |
| CIBC Asset Management Inc added | 17,576,615 | $715M | 2.4% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 16,757,547 | $684M | 2.3% | 2026-Q2 |
| NORGES BANK trimmed | 16,213,714 | $657M | 2.2% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 16,160,243 | $655M | 2.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 14,823,945 | $601M | 2.1% | 2026-Q2 |
| BANK OF NOVA SCOTIA added | 14,667,624 | $595M | 2.0% | 2026-Q2 |
| MORGAN STANLEY added | 12,975,847 | $526M | 1.8% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 12,949,086 | $525M | 1.8% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 12,238,033 | $496M | 1.7% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 11,868,564 | $479M | 1.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 10,938,262 | $445M | 1.5% | 2026-Q2 |
| Legal & General Group Plc trimmed | 10,607,073 | $430M | 1.5% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 10,550,628 | $427M | 1.5% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 10,422,730 | $422M | 1.4% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 8,839,805 | $358M | 1.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 8,317,286 | $337M | 1.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 6,721,908 | $272M | 0.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 5,951,406 | $241M | 0.8% | 2026-Q2 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 5,945,857 | $241M | 0.8% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 5,687,844 | $230M | 0.8% | 2026-Q2 |
| Harding Loevner LP added | 5,575,714 | $237M | 0.8% | 2026-Q2 |
| Swiss National Bank trimmed | 5,419,400 | $219M | 0.7% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 5,268,602 | $240M | 0.8% | 2026-Q2 |
| Cardinal Capital Management, Inc. added | 4,679,180 | $189M | 0.6% | 2026-Q2 |
| AustralianSuper Pty Ltd added | 4,513,841 | $183M | 0.6% | 2026-Q2 |
| Caisse de depot et placement du Quebec trimmed | 4,466,755 | $181M | 0.6% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 3,848,035 | $156M | 0.5% | 2026-Q2 |
| UBS Group AG added | 3,840,935 | $156M | 0.5% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 3,782,353 | $153M | 0.5% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. added | 3,657,057 | $148M | 0.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 3,619,502 | $147M | 0.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 3,583,735 | $145M | 0.5% | 2026-Q2 |
| Public Sector Pension Investment Board added | 3,348,257 | $136M | 0.5% | 2026-Q2 |
| Man Group plc trimmed | 3,102,637 | $126M | 0.4% | 2026-Q2 |
| OMERS ADMINISTRATION Corp added | 3,023,035 | $123M | 0.4% | 2026-Q2 |
| MUFG Securities EMEA plc added | 2,500,000 | $101M | 0.3% | 2026-Q2 |
| BlackRock, Inc. added | 2,438,510 | $99M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 2,404,786 | $97M | 0.3% | 2026-Q2 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 2,360,746 | $96M | 0.3% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 2,291,737 | $93M | 0.3% | 2026-Q2 |
| Alberta Investment Management Corp trimmed | 2,269,629 | $92M | 0.3% | 2026-Q2 |
| FIL Ltd added | 1,999,271 | $81M | 0.3% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,997,705 | $81M | 0.3% | 2026-Q2 |
| Polar Asset Management Partners Inc. new | 1,923,325 | $78M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 1,866,989 | $76M | 0.3% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 1,861,023 | $75M | 0.3% | 2026-Q2 |
| AVIVA PLC trimmed | 1,789,309 | $72M | 0.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 1,741,347 | $71M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 1,722,139 | $70M | 0.2% | 2026-Q2 |
| Korea Investment CORP trimmed | 1,707,125 | $69M | 0.2% | 2026-Q2 |
| AGF MANAGEMENT LTD trimmed | 1,687,076 | $86M | 0.3% | 2026-Q2 |
| Clearbridge Investments, LLC added | 1,549,051 | $63M | 0.2% | 2026-Q2 |
| Value Partners Investments Inc. trimmed | 1,517,412 | $61M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 1,453,656 | $59M | 0.2% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 1,419,203 | $58M | 0.2% | 2026-Q2 |
| Nuveen, LLC added | 1,384,166 | $56M | 0.2% | 2026-Q2 |
| GUARDIAN CAPITAL LP trimmed | 1,380,780 | $56M | 0.2% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC trimmed | 1,334,399 | $54M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 1,255,444 | $51M | 0.2% | 2026-Q2 |
| TODD ASSET MANAGEMENT LLC trimmed | 1,242,537 | $50M | 0.2% | 2026-Q2 |
| APG Asset Management N.V. added | 1,185,164 | $42M | 0.1% | 2026-Q2 |
| Scheer, Rowlett & Associates Investment Management Ltd. trimmed | 1,093,093 | $44M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,007,760 | $41M | 0.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 971,883 | $39M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury | 960,491 | $39M | 0.1% | 2026-Q2 |
| SEB Asset Management AB trimmed | 958,149 | $39M | 0.1% | 2026-Q2 |
| Addenda Capital Inc. added | 953,431 | $55M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 944,941 | $38M | 0.1% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 876,930 | $36M | 0.1% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 865,835 | $35M | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. added | 855,360 | $35M | 0.1% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 828,624 | $34M | 0.1% | 2026-Q2 |
| CIDEL ASSET MANAGEMENT INC added | 827,626 | $34M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 823,462 | $33M | 0.1% | 2026-Q2 |
| CANERECTOR INC | 800,000 | $32M | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 786,012 | $32M | 0.1% | 2026-Q2 |
| Purpose Unlimited Inc. added | 755,704 | $31M | 0.1% | 2026-Q2 |
| BANK OF NOVA SCOTIA TRUST CO trimmed | 755,004 | $31M | 0.1% | 2026-Q2 |
| Focus Partners Wealth trimmed | 750,468 | $30M | 0.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 728,603 | $30M | 0.1% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 703,846 | $29M | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 692,270 | $28M | 0.1% | 2026-Q2 |
| Bridgewater Associates, LP trimmed | 684,949 | $28M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 673,887 | $27M | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 669,049 | $27M | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 665,538 | $27M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 646,853 | $26M | 0.1% | 2026-Q2 |
| Promethos Capital, LLC added | 621,365 | $25M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 593,112 | $24M | 0.1% | 2026-Q2 |
| Creative Planning added | 582,389 | $24M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 580,558 | $24M | 0.1% | 2026-Q2 |
| Crestwood Advisors Group, LLC trimmed | 579,513 | $23M | 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.