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 ($562.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.86. Options: 19 managers hold calls ($131.9m notional), 22 hold puts ($664.0m).
Trends to Q4 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 |
| Q4 2024 | 705 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 257 | 296 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $232.8m | $420.1m | 1.80 |
| Q2 2024 | $197.3m | $538.7m | 2.73 |
| Q3 2024 | $145.9m | $504.2m | 3.46 |
| Q4 2024 | $131.9m | $664.0m | 5.03 |
Biggest buyers
| MACKENZIE FINANCIAL CORP | Added | +49.5m |
| FIL Ltd | Added | +7.1m |
| UBS Group AG | Added | +3.3m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +2.2m |
| Hillsdale Investment Management Inc. | Added | +1.7m |
| MUFG Securities EMEA plc | Added | +1.6m |
| Focus Partners Wealth | Added | +1.5m |
| MUFG SECURITIES (CANADA), LTD. | Added | +1.1m |
| APG Asset Management N.V. | New | +972.0k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -9.0m |
| Federation des caisses Desjardins du Quebec | Reduced | -6.0m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -4.4m |
| BANK OF MONTREAL /CAN/ | Reduced | -3.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.5m |
| BANK OF NOVA SCOTIA | Reduced | -3.4m |
| TORONTO DOMINION BANK | Reduced | -2.5m |
| CIBC Asset Management Inc | Reduced | -2.3m |
| Harding Loevner LP | Reduced | -1.6m |
| 1832 Asset Management L.P. | Reduced | -1.5m |
Biggest calls
| TORONTO DOMINION BANK | New | $32.8m1.1m shares |
| D. E. Shaw & Co., Inc. | Added | $15.4m500.0k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $14.8m4.8k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $11.0m250.0k shares |
| SIG North Trading, ULC | Reduced | $9.9m322.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.4m305.2k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $9.2m300.0k shares |
| JANE STREET GROUP, LLC | Reduced | $8.3m268.7k shares |
| CITADEL ADVISORS LLC | Added | $5.5m178.3k shares |
| SIMPLEX TRADING, LLC | Added | $4.4m143.5k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $186.6m6.1m shares |
| JANE STREET GROUP, LLC | Added | $98.3m3.2m shares |
| TORONTO DOMINION BANK | New | $72.6m2.4m shares |
| CIBC WORLD MARKET INC. | Added | $67.0m2.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $62.2m1.4m shares |
| SIG North Trading, ULC | Added | $53.4m1.7m shares |
| D. E. Shaw & Co., Inc. | Unchanged | $44.1m1.4m shares |
| NATIONAL BANK OF CANADA /FI/ | New | $25.6m8.3k shares |
| DeepCurrents Investment Group LLC | Unchanged | $16.3m5.3k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $15.3m500.0k 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 Q4 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.99% of their portfolio | 149.8m $4.6bn | Added +724.0k |
| VANGUARD GROUP INC 0.04% of their portfolio | 74.0m $2.3bn | Reduced -534.9k |
| MACKENZIE FINANCIAL CORP 1.03% of their portfolio | 73.8m $2.3bn | Added +49.5m |
| BANK OF MONTREAL /CAN/ 0.68% of their portfolio | 44.4m $1.4bn | Reduced -3.6m |
| FIL Ltd 1.14% of their portfolio | 39.6m $1.2bn | Added +7.1m |
| TD Asset Management Inc 0.95% of their portfolio | 34.8m $1.1bn | Added +228.9k |
| NATIONAL BANK OF CANADA /FI/ 1.08% of their portfolio | 27.3m $838.0m | Reduced -813.0k |
| 1832 Asset Management L.P. 1.25% of their portfolio | 22.8m $699.1m | Reduced -1.5m |
| CIBC WORLD MARKET INC. 1.54% of their portfolio | 21.7m $667.0m | Reduced -1.3m |
| NORGES BANK 0.09% of their portfolio | 21.3m $654.8m | Reduced -231.0k |
| CIBC Asset Management Inc 2.01% of their portfolio | 19.9m $612.2m | Reduced -2.3m |
| TORONTO DOMINION BANK 1.13% of their portfolio | 19.4m $594.5m | Reduced -2.5m |
| JARISLOWSKY, FRASER Ltd 2.89% of their portfolio | 16.2m $494.7m | Reduced -571.1k |
| BANK OF NOVA SCOTIA 0.70% of their portfolio | 13.1m $400.9m | Reduced -3.4m |
| Beutel, Goodman & Co Ltd. 2.11% of their portfolio | 12.6m $387.0m | Reduced -1.4m |
| Connor, Clark & Lunn Investment Management Ltd. 1.57% of their portfolio | 11.3m $347.8m | Added +190.7k |
| Legal & General Group Plc 0.09% of their portfolio | 10.9m $333.8m | Reduced -1.1m |
| SCOTIA CAPITAL INC. 1.75% of their portfolio | 10.8m $332.4m | Reduced -493.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 10.7m $333.3m | Added +2.4m |
| Federation des caisses Desjardins du Quebec 1.57% of their portfolio | 10.1m $307.9m | Reduced -6.0m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 9.0m $275.8m | Reduced -9.0m |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 8.6m $264.1m | Reduced -893.4k |
| MORGAN STANLEY 0.02% of their portfolio | 8.0m $245.8m | Reduced -15.3k |
| Harding Loevner LP 1.62% of their portfolio | 7.8m $239.1m | Reduced -1.6m |
| Capital World Investors 0.03% of their portfolio | 7.4m $228.8m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 7.4m $227.9m | Added +2.2m |
| LETKO, BROSSEAU & ASSOCIATES INC 4.38% of their portfolio | 7.4m $226.5m | Reduced -707.7k |
| TD Waterhouse Canada Inc. 1.74% of their portfolio | 7.0m $215.5m | Reduced -53.2k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 6.8m $209.6m | Reduced -945.3k |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 6.3m $194.8m | Added +534.3k |
| Amundi 0.08% of their portfolio | 6.3m $225.8m | Reduced -439.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 6.1m $188.6m | Reduced -1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 5.1m $157.9m | Reduced -43.4k |
| Swiss National Bank 0.10% of their portfolio | 5.1m $156.8m | Reduced -290.5k |
| AustralianSuper Pty Ltd 0.72% of their portfolio | 5.0m $152.2m | Reduced -584.3k |
| Cardinal Capital Management, Inc. 5.13% of their portfolio | 4.9m $150.9m | Reduced -130.2k |
| Alberta Investment Management Corp 1.00% of their portfolio | 4.9m $150.3m | Added +236.8k |
| UBS Group AG 0.03% of their portfolio | 4.6m $141.9m | Added +3.3m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.38% of their portfolio | 3.9m $118.2m | Reduced -467.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.8m $116.4m | Added +351.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 3.6m $110.7m | Added +360.6k |
| LORD, ABBETT & CO. LLC 0.35% of their portfolio | 3.6m $110.2m | Reduced -528.9k |
| CANADA LIFE ASSURANCE Co 0.17% of their portfolio | 3.3m $100.4m | Added +75.7k |
| Invesco Ltd. 0.02% of their portfolio | 3.2m $97.2m | Reduced -431.5k |
| MUFG SECURITIES (CANADA), LTD. 2.97% of their portfolio | 2.7m $82.1m | Added +1.1m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 2.6m $80.2m | Reduced -27.8k |
| Hillsdale Investment Management Inc. 3.95% of their portfolio | 2.5m $78.1m | Added +1.7m |
| M&G PLC 0.44% of their portfolio | 2.3m $71.1m | Reduced -291.9k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 2.3m $69.5m | Reduced -12.9k |
| INTACT INVESTMENT MANAGEMENT INC. 2.31% of their portfolio | 2.2m $66.3m | Reduced -945.6k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 2.1m $65.9m | Added +160.2k |
| MUFG Securities EMEA plc 1.73% of their portfolio | 2.1m $92.7m | Added +1.6m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.1m $64.2m | Added +420.7k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 2.1m $62.2m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 2.0m $62.2m | Reduced -798.7k |
| AVIVA PLC 0.16% of their portfolio | 2.0m $61.5m | Reduced -105.6k |
| BlackRock, Inc. 0.00% of their portfolio | 2.0m $61.3m | Added +604.4k |
| Bridgewater Associates, LP 0.28% of their portfolio | 2.0m $60.0m | Added +549.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 1.9m $59.9m | Reduced -88.6k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 1.9m $57.2m | Added +104.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.8m $55.6m | Added +81.8k |
| Waratah Capital Advisors Ltd. 2.92% of their portfolio | 1.7m $52.2m | Added +788.2k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 1.7m $50.7m | Reduced -347.9k |
| Focus Partners Wealth 0.06% of their portfolio | 1.5m $47.2m | Added +1.5m |
| AGF MANAGEMENT LTD 0.30% of their portfolio | 1.5m $60.5m | Reduced -26.4k |
| Korea Investment CORP 0.11% of their portfolio | 1.5m $45.0m | Reduced -256.0k |
| Addenda Capital Inc. 2.22% of their portfolio | 1.4m $62.9m | Reduced -22.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.12% of their portfolio | 1.4m $43.2m | Added +6.8k |
| Man Group plc 0.13% of their portfolio | 1.4m $42.9m | Reduced -948.2k |
| Skandinaviska Enskilda Banken AB (publ) 0.19% of their portfolio | 1.4m $42.7m | Reduced -198.0k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 1.4m $42.0m | Added +2.3k |
| Scheer, Rowlett & Associates Investment Management Ltd. 2.94% of their portfolio | 1.3m $40.3m | Reduced -69.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.12% of their portfolio | 1.3m $39.9m | Reduced -4.4m |
| Caisse de depot et placement du Quebec 0.07% of their portfolio | 1.2m $36.0m | Unchanged |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.21% of their portfolio | 1.2m $35.7m | Added +590.6k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 4.29% of their portfolio | 1.2m $35.4m | Reduced -194.5k |
| CITIGROUP INC 0.03% of their portfolio | 1.1m $34.9m | Added +343.1k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.29% of their portfolio | 1.1m $34.0m | Reduced -50.2k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 1.1m $33.8m | Reduced -571.8k |
| GUARDIAN CAPITAL LP 1.23% of their portfolio | 1.1m $33.1m | Reduced -151.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.1m $32.8m | Reduced -181.1k |
| State of Tennessee, Department of Treasury 0.11% of their portfolio | 1.0m $31.3m | Added +3.1k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 994.1k $30.5m | Reduced -43.9k |
| TODD ASSET MANAGEMENT LLC 0.72% of their portfolio | 982.2k $30.2m | Added +251.4k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 974.2k $29.9m | Reduced -1.2m |
| APG Asset Management N.V. 0.08% of their portfolio | 972.0k $28.8m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.45% of their portfolio | 874.7k $26.9m | First filing |
| Achmea Investment Management B.V. 0.43% of their portfolio | 852.6k $26.2m | Reduced -44.8k |
| BANK OF NOVA SCOTIA TRUST CO 2.61% of their portfolio | 803.7k $24.7m | Reduced -11.1k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 803.5k $24.7m | Added +650.9k |
| Galibier Capital Management Ltd. 6.85% of their portfolio | 781.6k $24.0m | Reduced -113.8k |
| BARCLAYS PLC 0.01% of their portfolio | 779.9k $23.9m | Added +38.1k |
| Lansforsakringar Fondforvaltning AB (publ) 0.09% of their portfolio | 760.0k $23.3m | First filing |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 737.8k $22.7m | Reduced -43.0k |
| Mn Services Vermogensbeheer B.V. 0.15% of their portfolio | 713.6k $21.9m | Added +13.2k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 686.4k $21.1m | Added +627.6k |
| Candriam S.C.A. 0.12% of their portfolio | 659.7k $20.3m | Added +194.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 659.3k $20.3m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 652.7k $20.0m | Added +8.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.17% of their portfolio | 621.7k $19.1m | Added +171.0k |