Who owns TFII
Which tracked institutional funds hold TFII, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TFII 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 TFII is one-sided between 2026-Q1 and 2026-Q2: 149 added or opened and 41 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
TFII’s largest tracked holder by dollar value, Caisse de depot et placement du Quebec, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 1.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TFII 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 280 tracked filers holding TFII, 167 increased or opened the position and 118 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 TFII 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 34
- Jupiter Topco LLC$515M
- Qube Research & Technologies Ltd$35M
- Hood River Capital Management LLC$33M
- PICTON MAHONEY ASSET MANAGEMENT$26M
- Baird Financial Group, Inc.$20M
- Waratah Capital Advisors Ltd.$15M
Full exits 21
- JANUS HENDERSON GROUP PLC$402M
- Baskin Financial Services Inc.$46M
- QV Investors Inc.$44M
- Walleye Capital LLC$9M
- AYAL Capital Advisors Ltd$9M
- Amundi$7M
Largest adds
- MACKENZIE FINANCIAL CORP$173M
- ROYAL BANK OF CANADA$162M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$140M
- FIL Ltd$139M
- Caisse de depot et placement du Quebec$134M
- FMR LLC$116M
Largest trims
- 1832 Asset Management L.P.$117M
- TURTLE CREEK ASSET MANAGEMENT INC.$92M
- Clearbridge Investments, LLC$61M
- Turas Capital Management LP$34M
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$33M
- BAILLIE GIFFORD & CO$15M
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 |
|---|---|---|---|---|
| Caisse de depot et placement du Quebec trimmed | 6,331,000 | $911M | 11.4% | 2026-Q2 |
| FIL Ltd trimmed | 4,579,712 | $659M | 8.3% | 2026-Q2 |
| Jupiter Topco LLC new | 3,588,905 | $515M | 6.5% | 2026-Q2 |
| FMR LLC trimmed | 3,538,405 | $509M | 6.4% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 3,456,271 | $496M | 6.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 2,259,113 | $325M | 4.1% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 2,197,429 | $315M | 4.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec trimmed | 1,845,849 | $262M | 3.3% | 2026-Q2 |
| Maple Rock Capital Partners Inc. added | 1,418,409 | $204M | 2.6% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 1,317,515 | $189M | 2.4% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 1,313,926 | $189M | 2.4% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 1,276,521 | $184M | 2.3% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 1,149,794 | $235M | 2.9% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 1,110,175 | $158M | 2.0% | 2026-Q2 |
| NORGES BANK added | 1,042,239 | $150M | 1.9% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 950,314 | $137M | 1.7% | 2026-Q2 |
| Dixon Mitchell Investment Counsel Inc. trimmed | 833,692 | $120M | 1.5% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 814,760 | $117M | 1.5% | 2026-Q2 |
| MORGAN STANLEY added | 704,922 | $101M | 1.3% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 682,988 | $98M | 1.2% | 2026-Q2 |
| CIBC Asset Management Inc added | 648,769 | $94M | 1.2% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 643,158 | $92M | 1.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 610,471 | $88M | 1.1% | 2026-Q2 |
| BAILLIE GIFFORD & CO trimmed | 572,278 | $82M | 1.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 570,537 | $82M | 1.0% | 2026-Q2 |
| TD Asset Management Inc added | 547,892 | $79M | 1.0% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 426,489 | $61M | 0.8% | 2026-Q2 |
| Legal & General Group Plc trimmed | 419,869 | $60M | 0.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 400,412 | $57M | 0.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 373,916 | $54M | 0.7% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 350,443 | $51M | 0.6% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 330,135 | $48M | 0.6% | 2026-Q2 |
| TORONTO DOMINION BANK added | 326,261 | $47M | 0.6% | 2026-Q2 |
| Hauser Brothers GmbH trimmed | 316,400 | $45M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 302,122 | $43M | 0.5% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 288,501 | $42M | 0.5% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 268,733 | $39M | 0.5% | 2026-Q2 |
| BCV Asset Management Inc. added | 266,364 | $39M | 0.5% | 2026-Q2 |
| CDAM (UK) Ltd trimmed | 254,560 | $37M | 0.5% | 2026-Q2 |
| Swiss National Bank trimmed | 252,300 | $36M | 0.5% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 250,009 | $34M | 0.4% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 243,852 | $35M | 0.4% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 238,984 | $34M | 0.4% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 238,717 | $34M | 0.4% | 2026-Q2 |
| Hood River Capital Management LLC added | 230,762 | $33M | 0.4% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 224,985 | $32M | 0.4% | 2026-Q2 |
| MONTRUSCO BOLTON INVESTMENTS INC. trimmed | 211,254 | $30M | 0.4% | 2026-Q2 |
| Scheer, Rowlett & Associates Investment Management Ltd. trimmed | 208,421 | $30M | 0.4% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT new | 182,513 | $26M | 0.3% | 2026-Q2 |
| TURTLE CREEK ASSET MANAGEMENT INC. trimmed | 181,390 | $26M | 0.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 167,577 | $24M | 0.3% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 161,894 | $23M | 0.3% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 155,634 | $22M | 0.3% | 2026-Q2 |
| BARCLAYS PLC added | 151,874 | $22M | 0.3% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 149,744 | $21M | 0.3% | 2026-Q2 |
| Hill City Capital, LP | 145,000 | $21M | 0.3% | 2026-Q2 |
| Nicholas Investment Partners, LP added | 141,226 | $20M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. new | 141,124 | $20M | 0.3% | 2026-Q2 |
| Northwest & Ethical Investments L.P. trimmed | 135,706 | $20M | 0.2% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 129,282 | $26M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 123,847 | $18M | 0.2% | 2026-Q2 |
| Addenda Capital Inc. trimmed | 118,534 | $24M | 0.3% | 2026-Q2 |
| Waratah Capital Advisors Ltd. new | 103,433 | $15M | 0.2% | 2026-Q2 |
| BlackRock, Inc. added | 99,888 | $14M | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 97,200 | $14M | 0.2% | 2026-Q2 |
| BANK OF NOVA SCOTIA trimmed | 95,544 | $14M | 0.2% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 95,199 | $14M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 94,788 | $14M | 0.2% | 2026-Q2 |
| INTACT INVESTMENT MANAGEMENT INC. added | 94,600 | $14M | 0.2% | 2026-Q2 |
| Nuveen, LLC added | 85,470 | $12M | 0.2% | 2026-Q2 |
| River Road Asset Management, LLC added | 81,655 | $12M | 0.1% | 2026-Q2 |
| Polar Capital Holdings Plc new | 77,840 | $10M | 0.1% | 2026-Q2 |
| Aviso Financial Inc. trimmed | 76,461 | $11M | 0.1% | 2026-Q2 |
| Triasima Portfolio Management inc. added | 72,751 | $10M | 0.1% | 2026-Q2 |
| 4D Advisors, LLC new | 70,000 | $10M | 0.1% | 2026-Q2 |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC added | 68,399 | $10M | 0.1% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 66,883 | $10M | 0.1% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 65,174 | $9M | 0.1% | 2026-Q2 |
| SIG North Trading, ULC added | 65,082 | $9M | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 61,426 | $9M | 0.1% | 2026-Q2 |
| Korea Investment CORP added | 60,337 | $9M | 0.1% | 2026-Q2 |
| Turas Capital Management LP trimmed | 59,300 | $9M | 0.1% | 2026-Q2 |
| Norwood Investment Partners, LP trimmed | 57,705 | $8M | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 57,265 | $8M | 0.1% | 2026-Q2 |
| K.J. Harrison & Partners Inc trimmed | 55,920 | $8M | 0.1% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 55,529 | $8M | 0.1% | 2026-Q2 |
| Purpose Unlimited Inc. added | 53,600 | $8M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC new | 49,876 | $7M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO added | 49,757 | $7M | 0.1% | 2026-Q2 |
| CIDEL ASSET MANAGEMENT INC added | 49,098 | $7M | 0.1% | 2026-Q2 |
| NICOLA WEALTH MANAGEMENT LTD. trimmed | 46,700 | $7M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 45,852 | $7M | 0.1% | 2026-Q2 |
| AVIVA PLC added | 43,966 | $6M | 0.1% | 2026-Q2 |
| Quantbot Technologies LP added | 42,689 | $6M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 41,700 | $6M | 0.1% | 2026-Q2 |
| UBS Group AG trimmed | 40,310 | $6M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 39,407 | $6M | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. trimmed | 39,230 | $6M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 38,299 | $5M | 0.1% | 2026-Q2 |
| Guardian Partners Inc. trimmed | 37,548 | $5M | 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.