Who owns SLF (SLF)
Which tracked institutional funds hold SLF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SLF 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
91 tracked funds added or opened SLF while 74 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
SLF’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SLF 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 448 tracked filers holding SLF, 225 increased or opened the position and 154 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 SLF 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 18
- VANGUARD CAPITAL MANAGEMENT LLC$1.0B
- VANGUARD FIDUCIARY TRUST CO$308M
- Vanguard Global Advisers, LLC$248M
- PICTON MAHONEY ASSET MANAGEMENT$86M
- VANGUARD ASSET MANAGEMENT, Ltd$70M
- JUPITER ASSET MANAGEMENT LTD$53M
Full exits 15
- VANGUARD GROUP INC$1.6B
- TWO SIGMA ADVISERS, LP$25M
- FORSTA AP-FONDEN$19M
- Jefferies Financial Group Inc.$8M
- Skandinaviska Enskilda Banken AB (publ)$5M
- MERITAGE PORTFOLIO MANAGEMENT$4M
Largest adds
- TD Waterhouse Canada Inc.$209M
- CIBC WORLD MARKET INC.$165M
- Fiera Capital Corp$102M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$96M
- BANK OF NOVA SCOTIA$56M
- TORONTO DOMINION BANK$52M
Largest trims
- ROYAL BANK OF CANADA$221M
- INTACT INVESTMENT MANAGEMENT INC.$100M
- TD Asset Management Inc$83M
- Connor, Clark & Lunn Investment Management Ltd.$79M
- 1832 Asset Management L.P.$70M
- CANADA PENSION PLAN INVESTMENT BOARD$61M
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 | 41,647,668 | $2.6B | 15.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 15,974,651 | $1.0B | 5.8% | 2026-Q1 |
| TD Asset Management Inc trimmed | 14,022,998 | $876M | 5.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 10,383,850 | $651M | 3.8% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 9,316,439 | $583M | 3.4% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 9,063,878 | $567M | 3.3% | 2026-Q1 |
| TORONTO DOMINION BANK added | 7,050,377 | $442M | 2.6% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 6,945,264 | $435M | 2.5% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 6,869,280 | $430M | 2.5% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 6,679,041 | $417M | 2.4% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 6,102,537 | $382M | 2.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 5,786,056 | $375M | 2.2% | 2026-Q1 |
| NORGES BANK added | 6,377,880 | $365M | 2.1% | 2026-Q1 |
| FMR LLC added | 5,749,419 | $360M | 2.1% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 5,528,134 | $346M | 2.0% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 5,482,153 | $341M | 2.0% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 4,910,508 | $308M | 1.8% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 3,991,930 | $250M | 1.4% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 3,953,128 | $248M | 1.4% | 2026-Q1 |
| Legal & General Group Plc trimmed | 3,829,736 | $239M | 1.4% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC added | 3,264,408 | $204M | 1.2% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 3,262,998 | $204M | 1.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,986,394 | $187M | 1.1% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 2,907,092 | $182M | 1.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,765,802 | $171M | 1.0% | 2026-Q1 |
| Fiera Capital Corp added | 2,301,995 | $144M | 0.8% | 2026-Q1 |
| Cardinal Capital Management, Inc. added | 2,231,424 | $139M | 0.8% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 2,123,904 | $133M | 0.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,118,954 | $133M | 0.8% | 2026-Q1 |
| Swiss National Bank added | 1,864,200 | $117M | 0.7% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,746,871 | $109M | 0.6% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,701,928 | $106M | 0.6% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 1,601,200 | $100M | 0.6% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 1,485,780 | $93M | 0.5% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 1,374,917 | $86M | 0.5% | 2026-Q1 |
| CIBC Asset Management Inc added | 1,358,872 | $85M | 0.5% | 2026-Q1 |
| Amundi trimmed | 1,176,481 | $74M | 0.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,130,209 | $71M | 0.4% | 2026-Q1 |
| Value Partners Investments Inc. added | 1,126,224 | $70M | 0.4% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 1,115,506 | $70M | 0.4% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 1,049,330 | $67M | 0.4% | 2026-Q1 |
| Invesco Ltd. trimmed | 1,062,116 | $66M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 1,005,742 | $63M | 0.4% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 1,001,312 | $63M | 0.4% | 2026-Q1 |
| AGF MANAGEMENT LTD added | 712,939 | $62M | 0.4% | 2026-Q1 |
| Alberta Investment Management Corp added | 981,353 | $61M | 0.4% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 957,032 | $60M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 914,083 | $57M | 0.3% | 2026-Q1 |
| BCV Asset Management Inc. added | 879,984 | $55M | 0.3% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 852,474 | $53M | 0.3% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 821,562 | $51M | 0.3% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 740,277 | $46M | 0.3% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 712,130 | $45M | 0.3% | 2026-Q1 |
| UBS Group AG added | 705,808 | $44M | 0.3% | 2026-Q1 |
| TODD ASSET MANAGEMENT LLC added | 662,058 | $41M | 0.2% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 637,630 | $40M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp added | 624,703 | $39M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 585,303 | $37M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 580,306 | $36M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 555,013 | $35M | 0.2% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 553,663 | $35M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 541,414 | $34M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 540,795 | $34M | 0.2% | 2026-Q1 |
| Public Sector Pension Investment Board added | 520,747 | $33M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 522,077 | $32M | 0.2% | 2026-Q1 |
| QV Investors Inc. trimmed | 516,510 | $32M | 0.2% | 2026-Q1 |
| GUARDIAN CAPITAL LP added | 470,211 | $29M | 0.2% | 2026-Q1 |
| Korea Investment CORP trimmed | 428,328 | $27M | 0.2% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 420,144 | $26M | 0.2% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 407,711 | $26M | 0.1% | 2026-Q1 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | 403,750 | $25M | 0.1% | 2026-Q1 |
| NICOLA WEALTH MANAGEMENT LTD. added | 394,400 | $25M | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 388,494 | $24M | 0.1% | 2026-Q1 |
| Nuveen, LLC trimmed | 389,014 | $24M | 0.1% | 2026-Q1 |
| Purpose Unlimited Inc. added | 383,668 | $24M | 0.1% | 2026-Q1 |
| Northwest & Ethical Investments L.P. trimmed | 374,296 | $23M | 0.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA TRUST CO added | 353,727 | $22M | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 330,836 | $21M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury trimmed | 319,778 | $20M | 0.1% | 2026-Q1 |
| OMERS ADMINISTRATION Corp added | 317,537 | $20M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 280,090 | $18M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 274,246 | $17M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 265,057 | $17M | 0.1% | 2026-Q1 |
| Munich Reinsurance Co Stock Corp in Munich added | 259,903 | $16M | 0.1% | 2026-Q1 |
| APG Asset Management N.V. | 299,208 | $16M | 0.1% | 2026-Q1 |
| Man Group plc trimmed | 253,454 | $16M | 0.1% | 2026-Q1 |
| Systematic Alpha Investments, LLC | 250,808 | $16M | 0.1% | 2026-Q1 |
| Bridgewater Associates, LP trimmed | 250,635 | $16M | 0.1% | 2026-Q1 |
| Kepler Cheuvreux (Suisse) SA | 170,360 | $15M | 0.1% | 2026-Q1 |
| Mn Services Vermogensbeheer B.V. | 219,593 | $14M | 0.1% | 2026-Q1 |
| MONTRUSCO BOLTON INVESTMENTS INC. trimmed | 200,841 | $13M | 0.1% | 2026-Q1 |
| SIG North Trading, ULC trimmed | 194,641 | $12M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 25,620,398 | $1.6B | 9.3% | 2025-Q4 stale |
| HSBC HOLDINGS PLC added | 1,953,362 | $117M | 0.7% | 2025-Q3 stale |
| Nearwater Capital Markets, Ltd new | 490,000 | $29M | 0.2% | 2025-Q3 stale |
| TWO SIGMA ADVISERS, LP added | 397,732 | $25M | 0.1% | 2025-Q4 stale |
| Unigestion Holding SA added | 349,270 | $20M | 0.1% | 2025-Q1 stale |
| FORSTA AP-FONDEN trimmed | 296,300 | $19M | 0.1% | 2025-Q4 stale |
| AXA S.A. trimmed | 276,528 | $18M | 0.1% | 2025-Q2 stale |
| AXA Investment Managers S.A. new | 250,961 | $15M | 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.