Who owns TFC (TFC)
Which tracked institutional funds hold TFC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TFC 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
195 tracked funds added or opened TFC while 439 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
TFC’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes TFC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in TFC 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 1635 tracked filers holding TFC, 781 increased or opened the position and 833 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 TFC 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 54
- VANGUARD CAPITAL MANAGEMENT LLC$3.7B
- VANGUARD PORTFOLIO MANAGEMENT LLC$1.1B
- Capital Research Global Investors$467M
- VANGUARD FIDUCIARY TRUST CO$326M
- Vanguard Global Advisers, LLC$132M
- SEB Asset Management AB$124M
Full exits 72
- VANGUARD GROUP INC$5.9B
- Skandinaviska Enskilda Banken AB (publ)$169M
- Alyeska Investment Group, L.P.$81M
- North Reef Capital Management LP$38M
- Interval Partners, LP$26M
- Brandywine Global Investment Management, LLC$22M
Largest adds
- GOLDMAN SACHS GROUP INC$104M
- SG Americas Securities, LLC$94M
- TWO SIGMA INVESTMENTS, LP$93M
- CITADEL ADVISORS LLC$78M
- NEUBERGER BERMAN GROUP LLC$71M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$66M
Largest trims
- Capital International Investors$1.4B
- BlackRock, Inc.$1.0B
- VICTORY CAPITAL MANAGEMENT INC$335M
- JPMORGAN CHASE & CO$296M
- FMR LLC$259M
- STATE STREET CORP$243M
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 |
|---|---|---|---|---|
| Capital International Investors trimmed | 84,512,937 | $3.9B | 9.0% | 2026-Q1 |
| BlackRock, Inc. trimmed | 82,612,041 | $3.8B | 8.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 81,496,408 | $3.7B | 8.7% | 2026-Q1 |
| STATE STREET CORP trimmed | 58,191,593 | $2.7B | 6.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 37,921,435 | $1.7B | 4.0% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 31,848,304 | $1.5B | 3.4% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 26,936,449 | $1.2B | 2.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 24,096,665 | $1.1B | 2.6% | 2026-Q1 |
| MORGAN STANLEY added | 21,597,973 | $993M | 2.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 17,700,985 | $815M | 1.9% | 2026-Q1 |
| FMR LLC trimmed | 15,945,173 | $733M | 1.7% | 2026-Q1 |
| Invesco Ltd. trimmed | 13,943,425 | $641M | 1.5% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 12,684,088 | $583M | 1.4% | 2026-Q1 |
| Bank of New York Mellon Corp added | 11,289,721 | $519M | 1.2% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 10,627,732 | $489M | 1.1% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 10,358,097 | $476M | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 10,228,497 | $470M | 1.1% | 2026-Q1 |
| Capital Research Global Investors added | 10,174,835 | $467M | 1.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 9,106,421 | $419M | 1.0% | 2026-Q1 |
| NORGES BANK trimmed | 10,124,217 | $417M | 1.0% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 8,934,302 | $411M | 1.0% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 8,608,268 | $396M | 0.9% | 2026-Q1 |
| Legal & General Group Plc trimmed | 7,809,672 | $359M | 0.8% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added | 7,537,029 | $346M | 0.8% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 7,270,200 | $334M | 0.8% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 7,373,307 | $329M | 0.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 7,092,849 | $326M | 0.8% | 2026-Q1 |
| UBS Group AG added | 6,415,455 | $295M | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 4,954,471 | $228M | 0.5% | 2026-Q1 |
| LPL Financial LLC added | 4,940,887 | $227M | 0.5% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 4,847,865 | $223M | 0.5% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 4,520,788 | $208M | 0.5% | 2026-Q1 |
| Cullen Capital Management, LLC added | 4,454,809 | $205M | 0.5% | 2026-Q1 |
| Amundi trimmed | 4,413,228 | $203M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 4,348,169 | $200M | 0.5% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 4,099,225 | $188M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 4,049,913 | $186M | 0.4% | 2026-Q1 |
| JENNISON ASSOCIATES LLC added | 4,024,305 | $185M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 3,923,187 | $180M | 0.4% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 3,880,226 | $178M | 0.4% | 2026-Q1 |
| BARCLAYS PLC added | 3,740,353 | $172M | 0.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 3,447,981 | $156M | 0.4% | 2026-Q1 |
| National Pension Service added | 3,400,742 | $156M | 0.4% | 2026-Q1 |
| California Public Employees Retirement System added | 3,162,378 | $145M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 3,076,140 | $141M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 2,976,656 | $137M | 0.3% | 2026-Q1 |
| Prana Capital Management, LP added | 2,944,468 | $135M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 2,888,457 | $133M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 2,870,281 | $132M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 2,861,612 | $132M | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 2,826,310 | $130M | 0.3% | 2026-Q1 |
| SEB Asset Management AB new | 2,700,556 | $124M | 0.3% | 2026-Q1 |
| Nuveen, LLC trimmed | 2,650,904 | $122M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 2,547,122 | $117M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 2,538,238 | $117M | 0.3% | 2026-Q1 |
| BESSEMER GROUP INC added | 2,382,131 | $110M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 2,335,339 | $107M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 2,330,586 | $107M | 0.2% | 2026-Q1 |
| EQUITY INVESTMENT CORP added | 2,281,845 | $105M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 2,229,307 | $102M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 2,219,940 | $102M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 2,192,885 | $101M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 2,165,765 | $96M | 0.2% | 2026-Q1 |
| Sanders Capital, LLC trimmed | 2,037,822 | $94M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 2,025,032 | $93M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,961,276 | $90M | 0.2% | 2026-Q1 |
| Capital International, Inc./CA/ added | 1,888,621 | $87M | 0.2% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 1,819,295 | $84M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 1,574,542 | $72M | 0.2% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 1,567,796 | $72M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 1,492,970 | $69M | 0.2% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 1,468,947 | $68M | 0.2% | 2026-Q1 |
| Artemis Investment Management LLP added | 1,465,689 | $67M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 1,447,116 | $67M | 0.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,429,998 | $66M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 1,332,478 | $66M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 1,401,234 | $64M | 0.1% | 2026-Q1 |
| MACQUARIE GROUP LTD added | 1,366,352 | $63M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,331,090 | $61M | 0.1% | 2026-Q1 |
| Welch Group, LLC added | 1,329,163 | $61M | 0.1% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 1,288,733 | $59M | 0.1% | 2026-Q1 |
| SHAPIRO CAPITAL MANAGEMENT LLC trimmed | 1,271,838 | $58M | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 1,249,369 | $57M | 0.1% | 2026-Q1 |
| PARNASSUS INVESTMENTS, LLC trimmed | 1,248,037 | $57M | 0.1% | 2026-Q1 |
| Epoch Investment Partners, Inc. added | 1,240,988 | $57M | 0.1% | 2026-Q1 |
| LSV ASSET MANAGEMENT added | 1,234,900 | $57M | 0.1% | 2026-Q1 |
| Douglas Lane & Associates, LLC added | 1,199,645 | $55M | 0.1% | 2026-Q1 |
| Regal Partners Ltd added | 1,194,516 | $55M | 0.1% | 2026-Q1 |
| ROYAL LONDON ASSET MANAGEMENT LTD trimmed | 1,184,039 | $54M | 0.1% | 2026-Q1 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 1,162,558 | $53M | 0.1% | 2026-Q1 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC added | 1,148,137 | $53M | 0.1% | 2026-Q1 |
| AVIVA PLC added | 1,082,744 | $50M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 119,708,610 | $5.9B | 13.7% | 2025-Q4 stale |
| Skandinaviska Enskilda Banken AB (publ) added | 3,428,488 | $169M | 0.4% | 2025-Q4 stale |
| Azora Capital LP added | 2,524,440 | $115M | 0.3% | 2025-Q3 stale |
| Burgundy Asset Management Ltd. trimmed | 2,006,383 | $94M | 0.2% | 2025-Q3 stale |
| Alyeska Investment Group, L.P. trimmed | 1,649,165 | $81M | 0.2% | 2025-Q4 stale |
| Appaloosa LP new | 1,387,500 | $63M | 0.1% | 2025-Q3 stale |
| SAMLYN CAPITAL, LLC trimmed | 1,514,502 | $62M | 0.1% | 2025-Q1 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.