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 ($794.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.33. Options: 19 managers hold calls ($267.4m notional), 17 hold puts ($492.7m).
Trends to Q2 2026
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 |
| Q1 2025 | 721 |
| Q2 2025 | 736 |
| Q3 2025 | 707 |
| Q4 2025 | 768 |
| Q1 2026 | 773 |
| Q2 2026 | 810 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 268 | 257 |
| Q4 2024 | 257 | 296 |
| Q1 2025 | 309 | 278 |
| Q2 2025 | 338 | 273 |
| Q3 2025 | 290 | 323 |
| Q4 2025 | 329 | 279 |
| Q1 2026 | 322 | 302 |
| Q2 2026 | 374 | 269 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $184.4m | $556.3m | 3.02 |
| Q4 2025 | $189.3m | $734.8m | 3.88 |
| Q1 2026 | $157.9m | $429.6m | 2.72 |
| Q2 2026 | $267.4m | $492.7m | 1.84 |
Biggest buyers
| CIBC Asset Management Inc | Added | +3.5m |
| BANK OF NOVA SCOTIA | Added | +3.3m |
| Federation des caisses Desjardins du Quebec | Added | +2.7m |
| MORGAN STANLEY | Added | +2.5m |
| MUFG Securities EMEA plc | New | +2.5m |
| OMERS ADMINISTRATION Corp | Added | +2.4m |
| Public Sector Pension Investment Board | Added | +2.3m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.0m |
| Polar Asset Management Partners Inc. | New | +1.9m |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Added | +1.4m |
Biggest sellers
| TORONTO DOMINION BANK | Reduced | -11.7m |
| TD Asset Management Inc | Reduced | -9.4m |
| Beutel, Goodman & Co Ltd. | Reduced | -4.2m |
| ROYAL BANK OF CANADA | Reduced | -3.0m |
| Man Group plc | Reduced | -2.6m |
| 1832 Asset Management L.P. | Reduced | -2.5m |
| AGF MANAGEMENT LTD | Reduced | -1.8m |
| Quadrature Capital Ltd | Reduced | -1.7m |
| Invesco Ltd. | Reduced | -1.6m |
| Bridgewater Associates, LP | Reduced | -1.4m |
Biggest calls
| NATIONAL BANK OF CANADA /FI/ | Added | $60.6m14.9k shares |
| CIBC WORLD MARKET INC. | Added | $53.8m1.3m shares |
| TORONTO DOMINION BANK | Added | $42.4m1.0m shares |
| SIG North Trading, ULC | Added | $37.5m924.7k shares |
| GOLDMAN SACHS GROUP INC | New | $23.7m583.9k shares |
| ROYAL BANK OF CANADA | Unchanged | $20.3m500.0k shares |
| Twin Tree Management, LP | Added | $6.5m161.1k shares |
| CITADEL ADVISORS LLC | Added | $5.1m125.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $4.3m75.0k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $3.0m75.0k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $238.7m5.9m shares |
| SIG North Trading, ULC | Reduced | $81.6m2.0m shares |
| TORONTO DOMINION BANK | Reduced | $75.4m1.9m shares |
| D. E. Shaw & Co., Inc. | Unchanged | $39.0m962.5k shares |
| CIBC WORLD MARKET INC. | Added | $25.8m637.5k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $12.1m3.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $5.8m100.0k shares |
| Twin Tree Management, LP | Added | $3.1m77.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.9m72.8k shares |
| Walleye Trading LLC | Reduced | $2.4m58.9k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.74% of their portfolio | 108.0m $4.4bn | Reduced -3.0m |
| BANK OF MONTREAL /CAN/ 0.84% of their portfolio | 56.8m $2.3bn | Reduced -527.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 48.4m $2.0bn | Added +391.0k |
| TD Asset Management Inc 1.10% of their portfolio | 31.3m $1.3bn | Reduced -9.4m |
| MACKENZIE FINANCIAL CORP 1.68% of their portfolio | 29.5m $1.7bn | Reduced -386.2k |
| NATIONAL BANK OF CANADA /FI/ 0.94% of their portfolio | 26.5m $1.1bn | Added +389.0k |
| 1832 Asset Management L.P. 1.28% of their portfolio | 25.8m $1.0bn | Reduced -2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 19.6m $821.3m | Added +2.0m |
| CIBC Asset Management Inc 1.57% of their portfolio | 17.6m $715.5m | Added +3.5m |
| TD Waterhouse Canada Inc. 1.80% of their portfolio | 16.8m $683.6m | Added +82.0k |
| NORGES BANK 0.07% of their portfolio | 16.2m $656.9m | Not comparable |
| CIBC WORLD MARKET INC. 1.10% of their portfolio | 16.2m $654.8m | Reduced -651.0k |
| VANGUARD FIDUCIARY TRUST CO 0.13% of their portfolio | 14.8m $601.2m | Added +51.8k |
| BANK OF NOVA SCOTIA 0.90% of their portfolio | 14.7m $594.8m | Added +3.3m |
| MORGAN STANLEY 0.03% of their portfolio | 13.0m $525.7m | Added +2.5m |
| Vanguard Global Advisers, LLC 0.24% of their portfolio | 12.9m $525.2m | Added +1.0m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.27% of their portfolio | 12.2m $495.8m | Reduced -752.6k |
| Federation des caisses Desjardins du Quebec 1.46% of their portfolio | 11.9m $479.2m | Added +2.7m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 10.9m $445.0m | Added +588.3k |
| Legal & General Group Plc 0.09% of their portfolio | 10.6m $430.0m | Reduced -769.5k |
| SCOTIA CAPITAL INC. 1.60% of their portfolio | 10.6m $426.8m | Reduced -322.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.60% of their portfolio | 10.4m $422.3m | Reduced -1.3m |
| TORONTO DOMINION BANK 0.60% of their portfolio | 8.8m $358.1m | Reduced -11.7m |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 8.3m $336.9m | Added +59.8k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 6.7m $272.3m | Reduced -338.6k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 6.0m $241.1m | Added +1.3m |
| LETKO, BROSSEAU & ASSOCIATES INC 3.56% of their portfolio | 5.9m $241.1m | Reduced -92.6k |
| Beutel, Goodman & Co Ltd. 1.76% of their portfolio | 5.9m $239.5m | Reduced -4.2m |
| Connor, Clark & Lunn Investment Management Ltd. 0.44% of their portfolio | 5.7m $230.5m | Reduced -445.3k |
| Harding Loevner LP 2.23% of their portfolio | 5.6m $236.7m | Added +1.1m |
| Swiss National Bank 0.11% of their portfolio | 5.4m $219.2m | Reduced -226.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 5.3m $239.5m | Reduced -490.5k |
| Cardinal Capital Management, Inc. 4.58% of their portfolio | 4.7m $189.4m | Added +4.0k |
| AustralianSuper Pty Ltd 0.79% of their portfolio | 4.5m $182.9m | Added +759.5k |
| Caisse de depot et placement du Quebec 0.26% of their portfolio | 4.5m $181.1m | Reduced -20.7k |
| Amundi 0.04% of their portfolio | 4.0m $166.5m | Added +154.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.98% of their portfolio | 3.8m $155.9m | Added +1.4m |
| UBS Group AG 0.02% of their portfolio | 3.8m $155.6m | Added +1.3m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.10% of their portfolio | 3.8m $153.4m | Added +387.7k |
| INTACT INVESTMENT MANAGEMENT INC. 4.21% of their portfolio | 3.7m $148.3m | Added +1.2m |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 3.6m $146.6m | Added +153.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.6m $145.2m | Reduced -189.1k |
| Public Sector Pension Investment Board 0.36% of their portfolio | 3.3m $135.7m | Added +2.3m |
| Man Group plc 0.23% of their portfolio | 3.1m $125.8m | Reduced -2.6m |
| OMERS ADMINISTRATION Corp 0.73% of their portfolio | 3.0m $122.6m | Added +2.4m |
| MUFG Securities EMEA plc 1.06% of their portfolio | 2.5m $101.2m | New |
| BlackRock, Inc. 0.00% of their portfolio | 2.4m $98.8m | Added +300.9k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 2.4m $97.4m | Reduced -361.6k |
| MUFG SECURITIES (CANADA), LTD. 2.58% of their portfolio | 2.4m $95.6m | Reduced -126.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 2.3m $92.8m | Added +226.6k |
| Alberta Investment Management Corp 0.53% of their portfolio | 2.3m $92.0m | Reduced -53.5k |
| DekaBank Deutsche Girozentrale 0.12% of their portfolio | 2.1m $70.5m | Unchanged |
| FIL Ltd 0.06% of their portfolio | 2.0m $81.1m | Added +114.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.0m $80.9m | Added +94.1k |
| Polar Asset Management Partners Inc. 1.42% of their portfolio | 1.9m $77.9m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.9m $75.6m | Added +110.1k |
| VAN ECK ASSOCIATES CORP 0.05% of their portfolio | 1.9m $75.4m | Added +30.2k |
| AVIVA PLC 0.11% of their portfolio | 1.8m $72.4m | Reduced -58.9k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.7m $70.6m | Added +24.8k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 1.7m $69.9m | Reduced -160.5k |
| Korea Investment CORP 0.13% of their portfolio | 1.7m $69.2m | Reduced -102.6k |
| AGF MANAGEMENT LTD 0.33% of their portfolio | 1.7m $85.7m | Reduced -1.8m |
| Clearbridge Investments, LLC 0.05% of their portfolio | 1.5m $62.8m | Added +10.3k |
| Value Partners Investments Inc. 4.29% of their portfolio | 1.5m $61.4m | Reduced -1.5k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 1.5m $58.9m | Added +90.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.11% of their portfolio | 1.4m $57.5m | Added +39.5k |
| Nuveen, LLC 0.01% of their portfolio | 1.4m $56.1m | Added +28.3k |
| GUARDIAN CAPITAL LP 1.36% of their portfolio | 1.4m $56.0m | Reduced -84.7k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 1.4m $55.4m | Reduced -455.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.12% of their portfolio | 1.3m $54.1m | Reduced -37.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.3m $50.9m | Added +158.6k |
| TODD ASSET MANAGEMENT LLC 0.89% of their portfolio | 1.2m $50.3m | Reduced -10.0k |
| APG Asset Management N.V. 0.10% of their portfolio | 1.2m $42.0m | Added +325.5k |
| Scheer, Rowlett & Associates Investment Management Ltd. 3.18% of their portfolio | 1.1m $44.3m | Reduced -1.3k |
| JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio | 1.0m $40.6m | Added +22.7k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 971.9k $39.4m | Reduced -204.0k |
| State of Tennessee, Department of Treasury 0.12% of their portfolio | 960.5k $38.9m | Unchanged |
| SEB Asset Management AB 0.15% of their portfolio | 958.1k $38.8m | Reduced -18.3k |
| Addenda Capital Inc. 1.49% of their portfolio | 953.4k $54.8m | Added +189.0k |
| Invesco Ltd. 0.00% of their portfolio | 944.9k $38.3m | Reduced -1.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 876.9k $35.6m | Reduced -32.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 865.8k $35.1m | Reduced -144.5k |
| Vanguard Investments Australia, Ltd. 0.09% of their portfolio | 855.4k $34.7m | Added +20.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 828.6k $33.6m | Reduced -296.8k |
| CIDEL ASSET MANAGEMENT INC 1.61% of their portfolio | 827.6k $33.6m | Added +411.4k |
| Achmea Investment Management B.V. 0.84% of their portfolio | 825.9k $33.5m | Reduced -84.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 823.5k $33.4m | Added +130.1k |
| CANERECTOR INC 14.77% of their portfolio | 800.0k $32.4m | Unchanged |
| BARCLAYS PLC 0.01% of their portfolio | 786.0k $31.8m | Reduced -175.7k |
| Purpose Unlimited Inc. 1.17% of their portfolio | 755.7k $30.7m | Added +141.3k |
| BANK OF NOVA SCOTIA TRUST CO 2.54% of their portfolio | 755.0k $30.6m | Reduced -62.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.21% of their portfolio | 753.6k $30.5m | Unchanged |
| Focus Partners Wealth 0.03% of their portfolio | 750.5k $30.4m | Reduced -65.1k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 728.6k $29.5m | Added +310.3k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 703.8k $28.7m | Added +16.4k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 692.3k $28.0m | Added +607.2k |
| Bridgewater Associates, LP 0.11% of their portfolio | 684.9k $27.8m | Reduced -1.4m |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 673.9k $27.3m | Added +19.9k |
| Quadrature Capital Ltd 0.23% of their portfolio | 669.0k $27.1m | Reduced -1.7m |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 665.5k $27.0m | Reduced -2.7k |