Who owns TRP (TRP)
Which tracked institutional funds hold TRP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TRP 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
The tracked-fund tape on TRP is one-sided between 2025-Q4 and 2026-Q1: 242 added or opened and 66 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
TRP’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 0.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TRP 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 680 tracked filers holding TRP, 333 increased or opened the position and 259 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 TRP 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 37
- VANGUARD CAPITAL MANAGEMENT LLC$1.8B
- VANGUARD FIDUCIARY TRUST CO$572M
- Vanguard Global Advisers, LLC$457M
- VANGUARD ASSET MANAGEMENT, Ltd$122M
- Vontobel Holding Ltd.$63M
- Vanguard Investments Australia, Ltd.$63M
Full exits 16
- VANGUARD GROUP INC$2.6B
- NICOLA WEALTH MANAGEMENT LTD.$110M
- Murchinson Ltd.$54M
- CIBC Private Wealth Group LLC$21M
- Turas Capital Management LP$13M
- Susquehanna Portfolio Strategies, LLC$11M
Largest adds
- Capital Research Global Investors$1.0B
- BANK OF MONTREAL /CAN/$682M
- ROYAL BANK OF CANADA$389M
- TD Waterhouse Canada Inc.$372M
- Connor, Clark & Lunn Investment Management Ltd.$285M
- GOLDMAN SACHS GROUP INC$280M
Largest trims
- Capital International Investors$1.2B
- CIBC WORLD MARKET INC.$341M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$174M
- NORGES BANK$152M
- Beutel, Goodman & Co Ltd.$98M
- MUFG SECURITIES (CANADA), LTD.$96M
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 | 89,106,183 | $5.6B | 11.7% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 54,319,175 | $3.4B | 7.2% | 2026-Q1 |
| Capital Research Global Investors added | 44,847,288 | $2.8B | 5.9% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 29,502,215 | $1.8B | 3.9% | 2026-Q1 |
| FIL Ltd trimmed | 27,007,850 | $1.7B | 3.6% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 22,038,036 | $1.4B | 2.9% | 2026-Q1 |
| TD Asset Management Inc added | 21,682,113 | $1.4B | 2.8% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 17,519,449 | $1.1B | 2.3% | 2026-Q1 |
| GQG Partners LLC added | 16,946,570 | $1.1B | 2.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 16,074,897 | $1.0B | 2.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 15,624,978 | $978M | 2.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 15,298,592 | $958M | 2.0% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 13,608,378 | $852M | 1.8% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 13,054,490 | $816M | 1.7% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 12,774,832 | $800M | 1.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 10,405,501 | $663M | 1.4% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 10,335,091 | $641M | 1.3% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 10,307,909 | $635M | 1.3% | 2026-Q1 |
| CIBC Asset Management Inc added | 9,298,849 | $582M | 1.2% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 9,247,515 | $574M | 1.2% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 9,131,941 | $572M | 1.2% | 2026-Q1 |
| Clearbridge Investments, LLC added | 8,945,134 | $560M | 1.2% | 2026-Q1 |
| DODGE & COX trimmed | 8,892,400 | $557M | 1.2% | 2026-Q1 |
| MORGAN STANLEY added | 8,626,094 | $540M | 1.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 8,644,969 | $540M | 1.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 8,380,992 | $525M | 1.1% | 2026-Q1 |
| TORTOISE CAPITAL ADVISORS, L.L.C. trimmed | 8,007,666 | $501M | 1.1% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 8,038,058 | $497M | 1.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 7,848,298 | $495M | 1.0% | 2026-Q1 |
| Capital World Investors added | 7,608,584 | $476M | 1.0% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 7,295,642 | $457M | 1.0% | 2026-Q1 |
| NORGES BANK trimmed | 9,133,133 | $431M | 0.9% | 2026-Q1 |
| Blackstone Inc. added | 6,415,297 | $402M | 0.8% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 5,706,795 | $357M | 0.8% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 5,654,803 | $354M | 0.7% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 5,039,536 | $315M | 0.7% | 2026-Q1 |
| KAYNE ANDERSON CAPITAL ADVISORS LP trimmed | 4,817,663 | $302M | 0.6% | 2026-Q1 |
| THORNBURG INVESTMENT MANAGEMENT INC added | 4,720,722 | $295M | 0.6% | 2026-Q1 |
| Amundi added | 4,608,330 | $288M | 0.6% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 4,445,810 | $278M | 0.6% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 4,121,843 | $257M | 0.5% | 2026-Q1 |
| Alberta Investment Management Corp added | 4,004,271 | $251M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 3,909,668 | $245M | 0.5% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 3,778,289 | $236M | 0.5% | 2026-Q1 |
| Capital International Investors trimmed | 3,542,345 | $222M | 0.5% | 2026-Q1 |
| Swiss National Bank added | 3,502,801 | $219M | 0.5% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 3,243,522 | $203M | 0.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,976,289 | $186M | 0.4% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 2,888,715 | $181M | 0.4% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 2,834,942 | $177M | 0.4% | 2026-Q1 |
| BlackRock, Inc. added | 2,528,178 | $158M | 0.3% | 2026-Q1 |
| Cardinal Capital Management, Inc. added | 2,534,676 | $158M | 0.3% | 2026-Q1 |
| OMERS ADMINISTRATION Corp trimmed | 2,180,000 | $136M | 0.3% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC added | 2,143,297 | $134M | 0.3% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 2,064,368 | $129M | 0.3% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 2,018,598 | $126M | 0.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,954,036 | $122M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 1,949,012 | $122M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 1,932,360 | $121M | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 1,854,957 | $116M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,778,654 | $111M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,762,584 | $110M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 1,747,036 | $109M | 0.2% | 2026-Q1 |
| BROOKFIELD Corp /ON/ added | 1,735,576 | $109M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 1,711,380 | $107M | 0.2% | 2026-Q1 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO trimmed | 1,626,340 | $102M | 0.2% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 1,516,877 | $95M | 0.2% | 2026-Q1 |
| UBS Group AG trimmed | 1,464,688 | $92M | 0.2% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 1,428,100 | $89M | 0.2% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 1,133,745 | $88M | 0.2% | 2026-Q1 |
| Maryland State Retirement & Pension System added | 1,392,122 | $87M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 1,342,972 | $84M | 0.2% | 2026-Q1 |
| MILLER HOWARD INVESTMENTS INC /NY added | 1,294,518 | $81M | 0.2% | 2026-Q1 |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT trimmed | 1,280,600 | $80M | 0.2% | 2026-Q1 |
| Addenda Capital Inc. trimmed | 908,833 | $80M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,218,755 | $76M | 0.2% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 1,220,735 | $76M | 0.2% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 1,058,554 | $66M | 0.1% | 2026-Q1 |
| BARCLAYS PLC added | 1,056,636 | $66M | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,043,964 | $65M | 0.1% | 2026-Q1 |
| Vontobel Holding Ltd. added | 1,010,769 | $63M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 1,008,593 | $63M | 0.1% | 2026-Q1 |
| Public Sector Pension Investment Board added | 945,141 | $59M | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 933,699 | $58M | 0.1% | 2026-Q1 |
| M&G PLC trimmed | 911,849 | $57M | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 905,452 | $57M | 0.1% | 2026-Q1 |
| AVIVA PLC added | 897,488 | $56M | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 893,139 | $56M | 0.1% | 2026-Q1 |
| Energy Income Partners, LLC trimmed | 884,270 | $55M | 0.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA TRUST CO added | 877,577 | $55M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC added | 862,098 | $54M | 0.1% | 2026-Q1 |
| Scheer, Rowlett & Associates Investment Management Ltd. trimmed | 803,654 | $50M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 47,801,695 | $2.6B | 5.5% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd trimmed | 10,751,401 | $585M | 1.2% | 2025-Q3 stale |
| ClearBridge Investments Ltd added | 6,506,102 | $317M | 0.7% | 2025-Q2 stale |
| Mondrian Investment Partners LTD trimmed | 3,505,260 | $238M | 0.5% | 2025-Q1 stale |
| NICOLA WEALTH MANAGEMENT LTD. trimmed | 2,000,000 | $110M | 0.2% | 2025-Q4 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 2,114,419 | $100M | 0.2% | 2025-Q1 stale |
| Merewether Investment Management, LP trimmed | 1,624,808 | $77M | 0.2% | 2025-Q1 stale |
| Murchinson Ltd. trimmed | 984,068 | $54M | 0.1% | 2025-Q4 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.