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Institutional Ownership · SEC Form 13F

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.

448
Institutional holders
254,733,686
Shares held (tracked funds)

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).

FundSharesReported value% of valueQuarter
ROYAL BANK OF CANADA trimmed41,647,668$2.6B15.1%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new15,974,651$1.0B5.8%2026-Q1
TD Asset Management Inc trimmed14,022,998$876M5.1%2026-Q1
BANK OF MONTREAL /CAN/ added10,383,850$651M3.8%2026-Q1
CIBC WORLD MARKET INC. added9,316,439$583M3.4%2026-Q1
1832 Asset Management L.P. trimmed9,063,878$567M3.3%2026-Q1
TORONTO DOMINION BANK added7,050,377$442M2.6%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed6,945,264$435M2.5%2026-Q1
BANK OF NOVA SCOTIA added6,869,280$430M2.5%2026-Q1
NATIONAL BANK OF CANADA /FI/ added6,679,041$417M2.4%2026-Q1
MACKENZIE FINANCIAL CORP trimmed6,102,537$382M2.2%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added5,786,056$375M2.2%2026-Q1
NORGES BANK added6,377,880$365M2.1%2026-Q1
FMR LLC added5,749,419$360M2.1%2026-Q1
TD Waterhouse Canada Inc. added5,528,134$346M2.0%2026-Q1
Federation des caisses Desjardins du Quebec trimmed5,482,153$341M2.0%2026-Q1
VANGUARD FIDUCIARY TRUST CO new4,910,508$308M1.8%2026-Q1
CANADA PENSION PLAN INVESTMENT BOARD trimmed3,991,930$250M1.4%2026-Q1
Vanguard Global Advisers, LLC new3,953,128$248M1.4%2026-Q1
Legal & General Group Plc trimmed3,829,736$239M1.4%2026-Q1
LETKO, BROSSEAU & ASSOCIATES INC added3,264,408$204M1.2%2026-Q1
SCOTIA CAPITAL INC. trimmed3,262,998$204M1.2%2026-Q1
MORGAN STANLEY trimmed2,986,394$187M1.1%2026-Q1
Beutel, Goodman & Co Ltd. trimmed2,907,092$182M1.1%2026-Q1
JPMORGAN CHASE & CO added2,765,802$171M1.0%2026-Q1
Fiera Capital Corp added2,301,995$144M0.8%2026-Q1
Cardinal Capital Management, Inc. added2,231,424$139M0.8%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed2,123,904$133M0.8%2026-Q1
GOLDMAN SACHS GROUP INC added2,118,954$133M0.8%2026-Q1
Swiss National Bank added1,864,200$117M0.7%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added1,746,871$109M0.6%2026-Q1
DIMENSIONAL FUND ADVISORS LP added1,701,928$106M0.6%2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added1,601,200$100M0.6%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. trimmed1,485,780$93M0.5%2026-Q1
PICTON MAHONEY ASSET MANAGEMENT added1,374,917$86M0.5%2026-Q1
CIBC Asset Management Inc added1,358,872$85M0.5%2026-Q1
Amundi trimmed1,176,481$74M0.4%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed1,130,209$71M0.4%2026-Q1
Value Partners Investments Inc. added1,126,224$70M0.4%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new1,115,506$70M0.4%2026-Q1
DekaBank Deutsche Girozentrale1,049,330$67M0.4%2026-Q1
Invesco Ltd. trimmed1,062,116$66M0.4%2026-Q1
DEUTSCHE BANK AG\ trimmed1,005,742$63M0.4%2026-Q1
BNP PARIBAS ASSET MANAGEMENT Holding S.A. added1,001,312$63M0.4%2026-Q1
AGF MANAGEMENT LTD added712,939$62M0.4%2026-Q1
Alberta Investment Management Corp added981,353$61M0.4%2026-Q1
Caisse de depot et placement du Quebec added957,032$60M0.3%2026-Q1
BlackRock, Inc. added914,083$57M0.3%2026-Q1
BCV Asset Management Inc. added879,984$55M0.3%2026-Q1
JUPITER ASSET MANAGEMENT LTD added852,474$53M0.3%2026-Q1
MUFG SECURITIES (CANADA), LTD. trimmed821,562$51M0.3%2026-Q1
VAN ECK ASSOCIATES CORP added740,277$46M0.3%2026-Q1
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added712,130$45M0.3%2026-Q1
UBS Group AG added705,808$44M0.3%2026-Q1
TODD ASSET MANAGEMENT LLC added662,058$41M0.2%2026-Q1
Grantham, Mayo, Van Otterloo & Co. LLC added637,630$40M0.2%2026-Q1
Bank of New York Mellon Corp added624,703$39M0.2%2026-Q1
AVIVA PLC added585,303$37M0.2%2026-Q1
FIRST TRUST ADVISORS LP trimmed580,306$36M0.2%2026-Q1
TWO SIGMA INVESTMENTS, LP trimmed555,013$35M0.2%2026-Q1
CANADA LIFE ASSURANCE Co added553,663$35M0.2%2026-Q1
NORTHERN TRUST CORP added541,414$34M0.2%2026-Q1
Russell Investments Group, Ltd. trimmed540,795$34M0.2%2026-Q1
Public Sector Pension Investment Board added520,747$33M0.2%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed522,077$32M0.2%2026-Q1
QV Investors Inc. trimmed516,510$32M0.2%2026-Q1
GUARDIAN CAPITAL LP added470,211$29M0.2%2026-Q1
Korea Investment CORP trimmed428,328$27M0.2%2026-Q1
Pictet Asset Management Holding SA added420,144$26M0.2%2026-Q1
INTACT INVESTMENT MANAGEMENT INC. trimmed407,711$26M0.1%2026-Q1
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY403,750$25M0.1%2026-Q1
NICOLA WEALTH MANAGEMENT LTD. added394,400$25M0.1%2026-Q1
AMERICAN CENTURY COMPANIES INC added388,494$24M0.1%2026-Q1
Nuveen, LLC trimmed389,014$24M0.1%2026-Q1
Purpose Unlimited Inc. added383,668$24M0.1%2026-Q1
Northwest & Ethical Investments L.P. trimmed374,296$23M0.1%2026-Q1
BANK OF NOVA SCOTIA TRUST CO added353,727$22M0.1%2026-Q1
D. E. Shaw & Co., Inc. trimmed330,836$21M0.1%2026-Q1
State of Tennessee, Department of Treasury trimmed319,778$20M0.1%2026-Q1
OMERS ADMINISTRATION Corp added317,537$20M0.1%2026-Q1
FRANKLIN RESOURCES INC added280,090$18M0.1%2026-Q1
Vanguard Investments Australia, Ltd. new274,246$17M0.1%2026-Q1
NEUBERGER BERMAN GROUP LLC trimmed265,057$17M0.1%2026-Q1
Munich Reinsurance Co Stock Corp in Munich added259,903$16M0.1%2026-Q1
APG Asset Management N.V.299,208$16M0.1%2026-Q1
Man Group plc trimmed253,454$16M0.1%2026-Q1
Systematic Alpha Investments, LLC250,808$16M0.1%2026-Q1
Bridgewater Associates, LP trimmed250,635$16M0.1%2026-Q1
Kepler Cheuvreux (Suisse) SA170,360$15M0.1%2026-Q1
Mn Services Vermogensbeheer B.V.219,593$14M0.1%2026-Q1
MONTRUSCO BOLTON INVESTMENTS INC. trimmed200,841$13M0.1%2026-Q1
SIG North Trading, ULC trimmed194,641$12M0.1%2026-Q1
VANGUARD GROUP INC added25,620,398$1.6B9.3%2025-Q4 stale
HSBC HOLDINGS PLC added1,953,362$117M0.7%2025-Q3 stale
Nearwater Capital Markets, Ltd new490,000$29M0.2%2025-Q3 stale
TWO SIGMA ADVISERS, LP added397,732$25M0.1%2025-Q4 stale
Unigestion Holding SA added349,270$20M0.1%2025-Q1 stale
FORSTA AP-FONDEN trimmed296,300$19M0.1%2025-Q4 stale
AXA S.A. trimmed276,528$18M0.1%2025-Q2 stale
AXA Investment Managers S.A. new250,961$15M0.1%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.

HoldersTotal shares

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.

Learn how to read institutional ownership