MANULIFE FINL CORP MFC
COM · Common Stock · CUSIP 56501R106 · ISIN CA56501R1064
- SectorFinancials
- IndustryLife Insurance
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($575.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.64. Options: 19 managers hold calls ($145.9m notional), 19 hold puts ($504.2m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 499 |
| Q4 2022 | 507 |
| Q1 2023 | 529 |
| Q2 2023 | 538 |
| Q3 2023 | 542 |
| Q4 2023 | 595 |
| Q1 2024 | 633 |
| Q2 2024 | 641 |
| Q3 2024 | 669 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 193 | 221 |
| Q1 2023 | 237 | 178 |
| Q2 2023 | 243 | 201 |
| Q3 2023 | 234 | 211 |
| Q4 2023 | 244 | 213 |
| Q1 2024 | 278 | 237 |
| Q2 2024 | 262 | 259 |
| Q3 2024 | 268 | 257 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $225.3m | $405.8m | 1.80 |
| Q1 2024 | $232.8m | $420.1m | 1.80 |
| Q2 2024 | $197.3m | $538.7m | 2.73 |
| Q3 2024 | $145.9m | $504.2m | 3.46 |
Biggest buyers
| HSBC HOLDINGS PLC | Added | +5.7m |
| 1832 Asset Management L.P. | Added | +4.6m |
| FIL Ltd | Added | +3.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +3.6m |
| NATIONAL BANK OF CANADA /FI/ | Added | +3.3m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.1m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +1.8m |
| VANGUARD GROUP INC | Added | +1.2m |
| Bridgewater Associates, LP | Added | +883.6k |
| BANK OF AMERICA CORP /DE/ | Added | +876.9k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -11.7m |
| GOLDMAN SACHS GROUP INC | Reduced | -9.2m |
| Beutel, Goodman & Co Ltd. | Reduced | -7.4m |
| BANK OF MONTREAL /CAN/ | Reduced | -5.0m |
| LORD, ABBETT & CO. LLC | Reduced | -4.9m |
| CIBC WORLD MARKET INC. | Reduced | -2.6m |
| Amundi | Reduced | -2.5m |
| TORONTO DOMINION BANK | Reduced | -2.1m |
| Skandinaviska Enskilda Banken AB (publ) | Reduced | -2.0m |
| CIBC Asset Management Inc | Reduced | -2.0m |
Biggest calls
| BANK OF AMERICA CORP /DE/ | Unchanged | $31.0m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $21.1m712.5k shares |
| CIBC WORLD MARKET INC. | Reduced | $17.8m603.0k shares |
| SIG North Trading, ULC | Reduced | $12.7m430.1k shares |
| D. E. Shaw & Co., Inc. | Reduced | $11.8m400.0k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $10.0m339.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $10.0m250.0k shares |
| UBS Group AG | Unchanged | $8.9m300.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m169.7k shares |
| ROYAL BANK OF CANADA | Reduced | $4.2m142.5k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $178.0m6.0m shares |
| JANE STREET GROUP, LLC | Reduced | $83.1m2.8m shares |
| CIBC WORLD MARKET INC. | Reduced | $62.3m2.1m shares |
| D. E. Shaw & Co., Inc. | Reduced | $42.5m1.4m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $42.0m1.1m shares |
| SIG North Trading, ULC | Reduced | $41.3m1.4m shares |
| BANK OF MONTREAL /CAN/ | Added | $18.0m610.0k shares |
| DeepCurrents Investment Group LLC | Unchanged | $15.8m5.3k shares |
| UBS Group AG | Unchanged | $8.9m300.0k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $4.4m150.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-29 | 6.5% |
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.98% of their portfolio | 149.0m $4.4bn | Reduced -11.7m |
| VANGUARD GROUP INC 0.04% of their portfolio | 74.5m $2.2bn | Added +1.2m |
| BANK OF MONTREAL /CAN/ 0.66% of their portfolio | 48.0m $1.4bn | Reduced -5.0m |
| TD Asset Management Inc 0.90% of their portfolio | 34.6m $1.0bn | Added +404.0k |
| FIL Ltd 0.87% of their portfolio | 32.6m $962.2m | Added +3.7m |
| NATIONAL BANK OF CANADA /FI/ 1.10% of their portfolio | 28.1m $829.4m | Added +3.3m |
| MACKENZIE FINANCIAL CORP 1.00% of their portfolio | 24.4m $720.6m | Reduced -1.1m |
| 1832 Asset Management L.P. 1.21% of their portfolio | 24.3m $718.2m | Added +4.6m |
| CIBC WORLD MARKET INC. 1.53% of their portfolio | 23.0m $679.3m | Reduced -2.6m |
| CIBC Asset Management Inc 2.13% of their portfolio | 22.2m $657.8m | Reduced -2.0m |
| TORONTO DOMINION BANK 1.14% of their portfolio | 21.9m $647.5m | Reduced -2.1m |
| NORGES BANK 0.09% of their portfolio | 21.6m $637.4m | Added +184.7k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 18.0m $532.6m | Reduced -2.0m |
| JARISLOWSKY, FRASER Ltd 2.77% of their portfolio | 16.7m $495.0m | Reduced -1.8m |
| BANK OF NOVA SCOTIA 0.98% of their portfolio | 16.4m $485.6m | Added +250.0k |
| Federation des caisses Desjardins du Quebec 2.35% of their portfolio | 16.1m $474.5m | Reduced -159.6k |
| Beutel, Goodman & Co Ltd. 2.04% of their portfolio | 14.0m $413.2m | Reduced -7.4m |
| Legal & General Group Plc 0.09% of their portfolio | 12.0m $354.3m | Added +283.4k |
| SCOTIA CAPITAL INC. 1.79% of their portfolio | 11.3m $334.1m | Reduced -160.8k |
| Connor, Clark & Lunn Investment Management Ltd. 1.60% of their portfolio | 11.1m $329.3m | Reduced -1.4m |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 9.5m $280.5m | Reduced -452.9k |
| Harding Loevner LP 1.60% of their portfolio | 9.4m $277.0m | Reduced -314.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 8.3m $247.5m | Added +616.5k |
| LETKO, BROSSEAU & ASSOCIATES INC 4.34% of their portfolio | 8.1m $239.2m | Reduced -1.3m |
| MORGAN STANLEY 0.02% of their portfolio | 8.0m $236.9m | Added +377.5k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 7.8m $229.6m | Reduced -751.4k |
| Capital World Investors 0.03% of their portfolio | 7.4m $220.1m | Added +3.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 7.3m $216.5m | Reduced -460.4k |
| TD Waterhouse Canada Inc. 1.69% of their portfolio | 7.1m $207.9m | Reduced -20.4k |
| Amundi 0.08% of their portfolio | 6.7m $228.5m | Reduced -2.5m |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 5.8m $171.4m | Added +5.7m |
| ACADIAN ASSET MANAGEMENT LLC 0.53% of their portfolio | 5.7m $169.9m | Added +1.8m |
| AustralianSuper Pty Ltd 0.82% of their portfolio | 5.5m $163.8m | Reduced -157.5k |
| Swiss National Bank 0.10% of their portfolio | 5.4m $159.7m | Reduced -7.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.15% of their portfolio | 5.2m $154.7m | Reduced -145.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 5.2m $153.5m | Added +158.2k |
| Cardinal Capital Management, Inc. 6.16% of their portfolio | 5.1m $149.5m | Reduced -43.3k |
| Alberta Investment Management Corp 1.19% of their portfolio | 4.7m $137.9m | Reduced -483.3k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.40% of their portfolio | 4.3m $127.7m | Reduced -429.5k |
| LORD, ABBETT & CO. LLC 0.39% of their portfolio | 4.1m $121.7m | Reduced -4.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 3.6m $107.8m | New |
| Invesco Ltd. 0.02% of their portfolio | 3.6m $106.3m | Added +7.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.4m $101.6m | Added +876.9k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 3.2m $95.8m | Reduced -9.2m |
| CANADA LIFE ASSURANCE Co 0.16% of their portfolio | 3.2m $94.6m | Added +5.0k |
| INTACT INVESTMENT MANAGEMENT INC. 3.05% of their portfolio | 3.1m $91.7m | Reduced -425.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 2.8m $83.5m | Reduced -461.8k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 2.6m $77.9m | Reduced -254.9k |
| M&G PLC 0.40% of their portfolio | 2.6m $77.5m | Reduced -228.3k |
| Man Group plc 0.20% of their portfolio | 2.3m $69.3m | Reduced -572.8k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 2.3m $67.4m | Reduced -25.7k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 2.2m $65.2m | Added +2.1m |
| AVIVA PLC 0.16% of their portfolio | 2.1m $62.4m | Added +51.4k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 2.1m $60.1m | Reduced -87.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 2.0m $60.2m | Added +36.8k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 2.0m $59.2m | Added +369.5k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 2.0m $61.4m | Added +279.4k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 1.8m $52.0m | Reduced -263.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $51.1m | Reduced -204.0k |
| Korea Investment CORP 0.12% of their portfolio | 1.7m $50.9m | Added +521.4k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 1.7m $49.5m | Reduced -339.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.7m $49.3m | Reduced -8.2k |
| Skandinaviska Enskilda Banken AB (publ) 0.16% of their portfolio | 1.6m $34.8m | Reduced -2.0m |
| MUFG SECURITIES (CANADA), LTD. 2.09% of their portfolio | 1.6m $46.7m | Added +627.8k |
| AGF MANAGEMENT LTD 0.29% of their portfolio | 1.5m $56.5m | Added +21.5k |
| Addenda Capital Inc. 2.06% of their portfolio | 1.4m $57.8m | Reduced -31.5k |
| Bridgewater Associates, LP 0.24% of their portfolio | 1.4m $41.6m | Added +883.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.12% of their portfolio | 1.4m $41.5m | Reduced -128.0k |
| BlackRock, Inc. 0.00% of their portfolio | 1.4m $41.1m | First filing |
| Scheer, Rowlett & Associates Investment Management Ltd. 2.85% of their portfolio | 1.4m $40.8m | Added +14.5k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 1.4m $40.4m | Reduced -13.8k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 4.35% of their portfolio | 1.3m $39.9m | Reduced -42.8k |
| UBS Group AG 0.01% of their portfolio | 1.3m $38.8m | Added +239.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.2m $36.9m | Reduced -5.4k |
| GUARDIAN CAPITAL LP 1.33% of their portfolio | 1.2m $36.4m | Reduced -76.4k |
| Caisse de depot et placement du Quebec 0.07% of their portfolio | 1.2m $34.7m | Unchanged |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.32% of their portfolio | 1.2m $35.6m | Reduced -27.6k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.0m $30.7m | Added +39.6k |
| State of Tennessee, Department of Treasury 0.11% of their portfolio | 1.0m $30.1m | Reduced -25.4k |
| Waratah Capital Advisors Ltd. 1.60% of their portfolio | 910.1k $26.9m | Added +321.1k |
| Achmea Investment Management B.V. 0.44% of their portfolio | 897.4k $26.6m | Reduced -24.6k |
| Galibier Capital Management Ltd. 5.98% of their portfolio | 895.4k $26.5m | Added +11.1k |
| BANK OF NOVA SCOTIA TRUST CO 2.44% of their portfolio | 814.8k $24.1m | Added +26.5k |
| Hillsdale Investment Management Inc. 1.83% of their portfolio | 805.5k $23.8m | Added +128.6k |
| CITIGROUP INC 0.02% of their portfolio | 792.7k $23.5m | Added +4.7k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 780.8k $23.2m | Reduced -107.5k |
| AXA S.A. 0.07% of their portfolio | 759.6k $22.4m | Reduced -633.4k |
| BARCLAYS PLC 0.01% of their portfolio | 741.8k $21.9m | Added +278.3k |
| TODD ASSET MANAGEMENT LLC 0.50% of their portfolio | 730.9k $21.6m | Added +693.4k |
| Mn Services Vermogensbeheer B.V. 0.15% of their portfolio | 700.4k $20.7m | Reduced -9.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 659.3k $19.5m | Reduced -6.2k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 654.6k $19.3m | Reduced -303.2k |
| Varma Mutual Pension Insurance Co 0.15% of their portfolio | 651.8k $19.0m | Reduced -29.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 644.6k $19.1m | Added +365.8k |
| Heathbridge Capital Management Ltd. 7.23% of their portfolio | 643.5k $19.0m | Reduced -6.8k |
| USS Investment Management Ltd 0.13% of their portfolio | 595.1k $17.6m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 589.2k $17.4m | New |
| ASSETMARK, INC 0.05% of their portfolio | 574.0k $17.0m | Added +3.0k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.10% of their portfolio | 572.0k $16.9m | Reduced -589.1k |
| FORSTA AP-FONDEN 0.13% of their portfolio | 566.3k $16.8m | Added +103.4k |