Who owns TD
Which tracked institutional funds hold TD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TD 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
135 tracked funds added or opened TD while 141 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
TD’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 2.0% of its own reported 13F book, while the median holder sizes it at 0.5% of theirs — a 1.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TD 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 832 tracked filers holding TD, 367 increased or opened the position and 335 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 TD 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 32
- VANGUARD CAPITAL MANAGEMENT LLC$4.7B
- VANGUARD FIDUCIARY TRUST CO$1.4B
- Vanguard Global Advisers, LLC$1.1B
- VANGUARD ASSET MANAGEMENT, Ltd$287M
- SEB Asset Management AB$139M
- Alyeska Investment Group, L.P.$88M
Full exits 29
- VANGUARD GROUP INC$7.3B
- Skandinaviska Enskilda Banken AB (publ)$180M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$84M
- FORSTA AP-FONDEN$36M
- PRUDENTIAL FINANCIAL INC$17M
- ExodusPoint Capital Management, LP$11M
Largest adds
- TD Waterhouse Canada Inc.$1.1B
- BANK OF MONTREAL /CAN/$461M
- BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp$203M
- GOLDMAN SACHS GROUP INC$187M
- NATIONAL BANK OF CANADA /FI/$145M
- Connor, Clark & Lunn Investment Management Ltd.$133M
Largest trims
- NORGES BANK$914M
- ROYAL BANK OF CANADA$742M
- BANK OF NOVA SCOTIA$668M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$518M
- FIL Ltd$425M
- ACADIAN ASSET MANAGEMENT LLC$310M
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 | 114,542,618 | $10.7B | 13.0% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 75,336,464 | $7.0B | 8.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 50,497,120 | $4.7B | 5.7% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 39,319,985 | $3.7B | 4.5% | 2026-Q1 |
| TD Asset Management Inc added | 37,654,650 | $3.5B | 4.3% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 30,345,986 | $2.8B | 3.5% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 27,422,403 | $2.6B | 3.1% | 2026-Q1 |
| FIL Ltd trimmed | 26,709,671 | $2.5B | 3.0% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 24,114,490 | $2.3B | 2.7% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 20,650,959 | $1.9B | 2.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 17,537,781 | $1.7B | 2.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 16,927,399 | $1.6B | 1.9% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 14,219,093 | $1.4B | 1.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 14,777,316 | $1.4B | 1.7% | 2026-Q1 |
| NORGES BANK trimmed | 20,220,300 | $1.2B | 1.5% | 2026-Q1 |
| BANK OF NOVA SCOTIA trimmed | 12,511,563 | $1.2B | 1.4% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 12,476,893 | $1.2B | 1.4% | 2026-Q1 |
| CIBC Asset Management Inc trimmed | 11,954,710 | $1.1B | 1.4% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 11,821,337 | $1.1B | 1.3% | 2026-Q1 |
| FMR LLC trimmed | 11,007,256 | $1.0B | 1.3% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 10,640,443 | $993M | 1.2% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 10,586,822 | $987M | 1.2% | 2026-Q1 |
| Legal & General Group Plc added | 10,367,941 | $965M | 1.2% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 9,562,538 | $890M | 1.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 7,565,982 | $706M | 0.9% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 7,640,334 | $699M | 0.9% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 7,383,692 | $687M | 0.8% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 6,470,416 | $604M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 6,177,181 | $576M | 0.7% | 2026-Q1 |
| MORGAN STANLEY added | 5,989,805 | $559M | 0.7% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 5,480,221 | $510M | 0.6% | 2026-Q1 |
| Invesco Ltd. added | 5,214,441 | $487M | 0.6% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 5,031,656 | $470M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 5,031,324 | $468M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 4,967,545 | $464M | 0.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 4,643,057 | $433M | 0.5% | 2026-Q1 |
| Alberta Investment Management Corp added | 4,195,116 | $392M | 0.5% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 3,746,718 | $350M | 0.4% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 2,640,523 | $291M | 0.4% | 2026-Q1 |
| Amundi trimmed | 3,103,758 | $290M | 0.4% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 3,072,950 | $287M | 0.3% | 2026-Q1 |
| Capital Research Global Investors trimmed | 2,955,734 | $276M | 0.3% | 2026-Q1 |
| Public Sector Pension Investment Board added | 2,931,884 | $274M | 0.3% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 2,941,415 | $274M | 0.3% | 2026-Q1 |
| STATE STREET CORP added | 2,875,154 | $268M | 0.3% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 2,516,065 | $234M | 0.3% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 2,489,513 | $232M | 0.3% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 1,960,719 | $183M | 0.2% | 2026-Q1 |
| UBS Group AG trimmed | 1,901,313 | $177M | 0.2% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 1,835,518 | $170M | 0.2% | 2026-Q1 |
| Addenda Capital Inc. trimmed | 1,300,447 | $169M | 0.2% | 2026-Q1 |
| BlackRock, Inc. trimmed | 1,735,694 | $162M | 0.2% | 2026-Q1 |
| Aviso Financial Inc. added | 1,693,349 | $158M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 1,632,379 | $154M | 0.2% | 2026-Q1 |
| OMERS ADMINISTRATION Corp trimmed | 1,617,955 | $151M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,595,513 | $149M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 1,506,462 | $140M | 0.2% | 2026-Q1 |
| Dixon Mitchell Investment Counsel Inc. trimmed | 1,499,333 | $139M | 0.2% | 2026-Q1 |
| SEB Asset Management AB new | 1,494,394 | $139M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,457,986 | $136M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 1,427,011 | $131M | 0.2% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 1,402,354 | $131M | 0.2% | 2026-Q1 |
| Scheer, Rowlett & Associates Investment Management Ltd. trimmed | 1,368,213 | $128M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,315,908 | $123M | 0.1% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 1,301,737 | $121M | 0.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,321,663 | $121M | 0.1% | 2026-Q1 |
| Quadrature Capital Ltd added | 1,288,100 | $120M | 0.1% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 1,256,136 | $117M | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 1,256,223 | $116M | 0.1% | 2026-Q1 |
| Hillsdale Investment Management Inc. added | 1,201,500 | $112M | 0.1% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 1,141,081 | $108M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,115,134 | $104M | 0.1% | 2026-Q1 |
| Korea Investment CORP added | 1,090,952 | $102M | 0.1% | 2026-Q1 |
| Clark Capital Management Group, Inc. trimmed | 1,064,277 | $99M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury trimmed | 952,292 | $89M | 0.1% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 941,992 | $88M | 0.1% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 923,081 | $86M | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 880,112 | $82M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 851,354 | $80M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 790,058 | $74M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 787,126 | $74M | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 766,560 | $71M | 0.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA TRUST CO trimmed | 746,266 | $70M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC added | 711,868 | $66M | 0.1% | 2026-Q1 |
| INTECH INVESTMENT MANAGEMENT LLC added | 708,006 | $66M | 0.1% | 2026-Q1 |
| Guardian Partners Inc. trimmed | 702,815 | $66M | 0.1% | 2026-Q1 |
| LINCLUDEN MANAGEMENT LTD trimmed | 690,433 | $65M | 0.1% | 2026-Q1 |
| Northwest & Ethical Investments L.P. trimmed | 688,491 | $65M | 0.1% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 665,884 | $62M | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 663,452 | $62M | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 645,872 | $60M | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 631,869 | $59M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 77,252,658 | $7.3B | 8.9% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd trimmed | 11,728,785 | $938M | 1.1% | 2025-Q3 stale |
| Skandinaviska Enskilda Banken AB (publ) added | 1,912,794 | $180M | 0.2% | 2025-Q4 stale |
| ONTARIO TEACHERS PENSION PLAN BOARD added | 2,446,307 | $180M | 0.2% | 2025-Q2 stale |
| Burgundy Asset Management Ltd. trimmed | 1,896,245 | $142M | 0.2% | 2025-Q3 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 892,099 | $84M | 0.1% | 2025-Q4 stale |
| MUFG Securities EMEA plc trimmed | 750,000 | $60M | 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.