ROYAL BK CDA RY
COM · Common Stock · CUSIP 780087102 · ISIN CA7800871021
Financial institution in Canada
* 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 ($1.5bn this quarter). Holder counts are more reliable. Shares outstanding: 1.4bn as of 2022-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $94.81. Options: 25 managers hold calls ($579.0m notional), 23 hold puts ($802.2m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 612 |
| Q4 2022 | 658 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $436.9m | $479.3m | 1.10 |
| Q4 2022 | $579.0m | $802.2m | 1.39 |
Biggest buyers
| NATIONAL BANK OF CANADA /FI/ | Added | +12.6m |
| GOLDMAN SACHS GROUP INC | Added | +4.7m |
| BANK OF NOVA SCOTIA | Added | +2.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.3m |
| VANGUARD GROUP INC | Added | +1.0m |
| NORGES BANK | Added | +874.3k |
| MORGAN STANLEY | Added | +758.2k |
| ROYAL BANK OF CANADA | Added | +702.8k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +691.6k |
| TORONTO DOMINION BANK | Added | +683.4k |
Biggest sellers
| BANK OF MONTREAL /CAN/ | Reduced | -6.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -4.3m |
| MACKENZIE FINANCIAL CORP | Reduced | -829.9k |
| FRANKLIN RESOURCES INC | Reduced | -816.6k |
| Legal & General Group Plc | Reduced | -590.5k |
| INTACT INVESTMENT MANAGEMENT INC. | Reduced | -545.3k |
| TD Asset Management Inc | Reduced | -470.9k |
| FMR LLC | Reduced | -445.7k |
| OMERS ADMINISTRATION Corp | Reduced | -440.5k |
| AXA S.A. | Reduced | -327.7k |
Biggest calls
| ROYAL BANK OF CANADA | Added | $74.7m795.0k shares |
| D. E. Shaw & Co., Inc. | Added | $66.2m704.9k shares |
| BANK OF MONTREAL /CAN/ | New | $58.2m597.5k shares |
| SIG North Trading, ULC | Reduced | $58.1m617.7k shares |
| CITADEL ADVISORS LLC | Added | $52.6m559.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $47.7m375.0k shares |
| CIBC WORLD MARKET INC. | Reduced | $47.1m501.6k shares |
| GROUP ONE TRADING LLC | Added | $37.0m394.0k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $31.5m335.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $25.7m273.7k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | New | $428.2m4.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $96.7m825.0k shares |
| SIG North Trading, ULC | Reduced | $94.1m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $41.9m445.6k shares |
| CIBC WORLD MARKET INC. | Reduced | $36.6m390.0k shares |
| ROYAL BANK OF CANADA | Added | $30.6m325.0k shares |
| CITADEL ADVISORS LLC | Reduced | $22.0m234.0k shares |
| BANK OF MONTREAL /CAN/ | Added | $14.1m145.0k shares |
| Walleye Trading LLC | Added | $11.0m117.5k shares |
| Squarepoint Ops LLC | Added | $5.2m55.5k 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.
Insider purchases and sales in Q4 2022
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 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 2.20% of their portfolio | 77.1m $7.3bn | Added +702.8k |
| BANK OF MONTREAL /CAN/ 3.20% of their portfolio | 69.4m $6.8bn | Reduced -6.0m |
| VANGUARD GROUP INC 0.13% of their portfolio | 51.7m $4.9bn | Added +1.0m |
| TD Asset Management Inc 3.19% of their portfolio | 27.6m $2.6bn | Reduced -470.9k |
| MACKENZIE FINANCIAL CORP 4.30% of their portfolio | 27.1m $2.5bn | Reduced -829.9k |
| BANK OF NOVA SCOTIA 5.88% of their portfolio | 24.1m $2.3bn | Added +2.4m |
| FIL Ltd 2.68% of their portfolio | 23.7m $2.2bn | Reduced -67.8k |
| CIBC WORLD MARKET INC. 7.78% of their portfolio | 21.0m $2.0bn | Added +351.1k |
| TORONTO DOMINION BANK 2.70% of their portfolio | 19.1m $1.8bn | Added +683.4k |
| 1832 Asset Management L.P. 3.56% of their portfolio | 18.4m $1.7bn | Reduced -277.5k |
| NATIONAL BANK OF CANADA /FI/ 4.39% of their portfolio | 17.3m $1.6bn | Added +12.6m |
| NORGES BANK 0.38% of their portfolio | 16.8m $1.6bn | Added +874.3k |
| FMR LLC 0.14% of their portfolio | 14.5m $1.4bn | Reduced -445.7k |
| CIBC Asset Management Inc 5.08% of their portfolio | 12.7m $1.2bn | Added +135.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.21% of their portfolio | 11.3m $1.1bn | Reduced -4.3m |
| Beutel, Goodman & Co Ltd. 6.23% of their portfolio | 10.9m $1.0bn | Reduced -123.8k |
| Connor, Clark & Lunn Investment Management Ltd. 4.73% of their portfolio | 8.7m $822.2m | Added +18.5k |
| SCOTIA CAPITAL INC. 5.88% of their portfolio | 8.2m $765.6m | Added +104.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.47% of their portfolio | 7.9m $739.0m | Reduced -247.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 1.25% of their portfolio | 7.5m $705.7m | Added +1.3m |
| Legal & General Group Plc 0.27% of their portfolio | 7.4m $693.2m | Reduced -590.5k |
| GOLDMAN SACHS GROUP INC 0.19% of their portfolio | 6.9m $651.6m | Added +4.7m |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 5.7m $535.5m | Reduced -92.2k |
| TD Waterhouse Canada Inc. 7.43% of their portfolio | 5.3m $677.4m | Added +64.0k |
| Fiera Capital Corp 1.31% of their portfolio | 4.5m $420.6m | Reduced -77.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.5m $422.7m | Reduced -102.7k |
| Alberta Investment Management Corp 3.65% of their portfolio | 4.4m $412.0m | Reduced -108.7k |
| Federation des caisses Desjardins du Quebec 4.58% of their portfolio | 4.0m $386.5m | Reduced -47.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.71% of their portfolio | 3.6m $339.4m | Added +33.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.26% of their portfolio | 3.5m $329.5m | Reduced -107.9k |
| Invesco Ltd. 0.10% of their portfolio | 3.5m $327.3m | Reduced -65.0k |
| MORGAN STANLEY 0.03% of their portfolio | 3.0m $283.6m | Added +758.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 2.8m $262.7m | Added +112.5k |
| Caisse de depot et placement du Quebec 0.75% of their portfolio | 2.6m $243.5m | Unchanged |
| FRANKLIN RESOURCES INC 0.13% of their portfolio | 2.6m $242.2m | Reduced -816.6k |
| JARISLOWSKY, FRASER Ltd 1.43% of their portfolio | 2.3m $218.2m | Reduced -42.7k |
| GUARDIAN CAPITAL LP 7.08% of their portfolio | 2.3m $214.7m | Reduced -244.8k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 2.3m $214.8m | Reduced -23.0k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.2m $211.4m | Added +235.4k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 2.28% of their portfolio | 2.2m $208.0m | Added +81.3k |
| CREDIT SUISSE AG/ 0.22% of their portfolio | 2.2m $202.8m | Reduced -115.4k |
| LETKO, BROSSEAU & ASSOCIATES INC 3.47% of their portfolio | 2.0m $192.5m | Reduced -51.3k |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 2.0m $192.4m | Reduced -49.7k |
| AGF MANAGEMENT LTD 1.30% of their portfolio | 1.9m $178.6m | First filing |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.7m $157.5m | Reduced -7 |
| OMERS ADMINISTRATION Corp 2.38% of their portfolio | 1.6m $148.5m | Reduced -440.5k |
| CIDEL ASSET MANAGEMENT INC 6.87% of their portfolio | 1.6m $146.9m | Reduced -92.3k |
| MONTRUSCO BOLTON INVESTMENTS INC. 3.13% of their portfolio | 1.4m $134.6m | Added +63.6k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 1.2m $117.5m | Added +18.3k |
| Triasima Portfolio Management inc. 8.95% of their portfolio | 1.2m $117.1m | Reduced -5.2k |
| Cardinal Capital Management, Inc. 6.46% of their portfolio | 1.2m $114.5m | Added +9.4k |
| Korea Investment CORP 0.35% of their portfolio | 1.2m $112.6m | Added +64.8k |
| BANK OF NOVA SCOTIA TRUST CO 11.42% of their portfolio | 1.1m $105.4m | Reduced -10.1k |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 1.1m $103.2m | Added +196.0k |
| Russell Investments Group, Ltd. 0.20% of their portfolio | 1.0m $97.3m | Reduced -72.2k |
| Amundi 0.05% of their portfolio | 986.9k $97.6m | Added +81.0k |
| DekaBank Deutsche Girozentrale 0.24% of their portfolio | 947.1k $90.3m | Reduced -11.5k |
| CANADA LIFE ASSURANCE Co 0.23% of their portfolio | 928.7k $87.6m | Reduced -39.3k |
| BlackRock Inc. 0.00% of their portfolio | 903.6k $85.0m | Reduced -28.2k |
| Scheer, Rowlett & Associates Investment Management Ltd. 6.92% of their portfolio | 882.4k $83.0m | Added +32.7k |
| Addenda Capital Inc. 4.77% of their portfolio | 864.0k $110.0m | Reduced -27.8k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 800.8k $75.3m | Added +86.3k |
| REGIONS FINANCIAL CORP 0.69% of their portfolio | 796.6k $74.9m | Unchanged |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 8.86% of their portfolio | 794.7k $74.7m | Reduced -21.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.23% of their portfolio | 755.7k $71.0m | Reduced -321.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 706.9k $66.5m | Added +691.6k |
| Dixon Mitchell Investment Counsel Inc. 4.43% of their portfolio | 703.1k $66.1m | Added +17.5k |
| Value Partners Investments Inc. 5.51% of their portfolio | 675.0k $63.4m | Added +333 |
| QV Investors Inc. 5.67% of their portfolio | 630.5k $59.2m | Reduced -20.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 629.6k $59.2m | Reduced -39.9k |
| Candriam S.C.A. 0.40% of their portfolio | 624.6k $58.7m | Reduced -88.6k |
| Burgundy Asset Management Ltd. 0.71% of their portfolio | 580.3k $54.5m | Reduced -27.2k |
| Onex Canada Asset Management Inc. 2.92% of their portfolio | 553.5k $52.0m | Reduced -17.6k |
| PICTET ASSET MANAGEMENT SA 0.07% of their portfolio | 533.4k $50.1m | Added +68.0k |
| GUARDIAN CAPITAL ADVISORS LP 5.82% of their portfolio | 520.6k $51.3m | Reduced -3.3k |
| Nexus Investment Management ULC 5.40% of their portfolio | 508.9k $47.9m | Added +4.5k |
| Northwest & Ethical Investments L.P. 1.64% of their portfolio | 504.2k $47.4m | Reduced -18.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.24% of their portfolio | 485.1k $45.6m | Added +139.8k |
| Skandinaviska Enskilda Banken AB (publ) 0.33% of their portfolio | 472.3k $44.4m | Reduced -76.7k |
| UBS Group AG 0.02% of their portfolio | 468.7k $44.1m | Added +54.7k |
| AVIVA PLC 0.20% of their portfolio | 424.6k $39.9m | Added +25.6k |
| Ilmarinen Mutual Pension Insurance Co 0.60% of their portfolio | 420.6k $39.5m | Added +267.1k |
| Cumberland Partners Ltd 3.97% of their portfolio | 400.9k $37.7m | Reduced -11.5k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 394.0k $37.0m | Added +236.5k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 1.44% of their portfolio | 387.0k $49.3m | Added +147.1k |
| Hillsdale Investment Management Inc. 3.05% of their portfolio | 384.1k $36.1m | Added +135.0k |
| Public Sector Pension Investment Board 0.28% of their portfolio | 372.6k $35.0m | Added +24.7k |
| AXA S.A. 0.13% of their portfolio | 371.1k $34.9m | Reduced -327.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 370.6k $36.6m | Reduced -35.0k |
| FORSTA AP-FONDEN 0.37% of their portfolio | 347.4k $32.6m | Added +44.9k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.53% of their portfolio | 343.2k $32.3m | Added +5.2k |
| Unigestion Holding SA 1.73% of their portfolio | 342.6k $32.6m | Added +12.7k |
| CAPTRUST FINANCIAL ADVISORS 0.16% of their portfolio | 335.6k $31.5m | Reduced -1.7k |
| Manitou Investment Management Ltd. 5.51% of their portfolio | 331.1k $31.1m | Added +324 |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 322.8k $30.3m | Reduced -48.3k |
| INTACT INVESTMENT MANAGEMENT INC. 1.27% of their portfolio | 311.5k $29.3m | Reduced -545.3k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 306.6k $28.8m | Reduced -20.6k |
| APG Asset Management N.V. 0.07% of their portfolio | 295.4k $37.6m | Added +200.4k |
| CITIGROUP INC 0.04% of their portfolio | 286.4k $26.9m | Added +26.9k |
| USS Investment Management Ltd 0.38% of their portfolio | 282.1k $26.5m | Unchanged |