Vault-13

ROYAL BK CDA RY

COM · Common Stock · CUSIP 780087102 · ISIN CA7800871021

Financial institution in Canada

662 institutional holders +4 vs Q4 2022
614,154,980614.2m shares reported held*
$61.4bnreported value*
55 new 211 added 204 reduced 57 sold out net bought ≈ $1.5bn (+15.6m shares)

* 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. Implied quarter-end price ≈ $100.25. Options: 23 managers hold calls ($552.3m notional), 25 hold puts ($425.4m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 612Q4 22: 658Q1 23: 662662Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022612
Q4 2022658
Q1 2023662

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 250 bought or addedQ4 22: 240 cut or sold outQ4 22Q1 23: 266 bought or addedQ1 23: 261 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022250240
Q1 2023266261

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$250m$500m$750m$1bnQ3 22 calls: $436.9mQ3 22 puts: $479.3mQ3 22P/C 1.10Q4 22 calls: $579.0mQ4 22 puts: $802.2mQ4 22P/C 1.39Q1 23 calls: $552.3mQ1 23 puts: $425.4mQ1 23P/C 0.77
Numbers
QuarterCallsPutsP/C
Q3 2022$436.9m$479.3m1.10
Q4 2022$579.0m$802.2m1.39
Q1 2023$552.3m$425.4m0.77

Biggest buyers

FMR LLC Added +16,894,550+16.9m
BANK OF MONTREAL /CAN/ Added +3,318,697+3.3m
BANK OF NOVA SCOTIA Added +2,420,889+2.4m
TORONTO DOMINION BANK Added +2,029,807+2.0m
CIBC WORLD MARKET INC. Added +1,519,919+1.5m
NATIONAL BANK OF CANADA /FI/ Added +890,328+890.3k
NORGES BANK Added +840,614+840.6k
Public Sector Pension Investment Board Added +656,078+656.1k
BANK OF AMERICA CORP /DE/ Added +564,542+564.5k
MORGAN STANLEY Added +318,989+319.0k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -3,756,904-3.8m
ROYAL BANK OF CANADA Reduced -3,260,587-3.3m
FIL Ltd Reduced -1,200,957-1.2m
Connor, Clark & Lunn Investment Management Ltd. Reduced -1,121,143-1.1m
CANADA PENSION PLAN INVESTMENT BOARD Reduced -982,160-982.2k
Alberta Investment Management Corp Reduced -784,220-784.2k
TD Asset Management Inc Reduced -637,168-637.2k
Invesco Ltd. Reduced -515,628-515.6k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -376,481-376.5k
MILLENNIUM MANAGEMENT LLC Reduced -375,647-375.6k

Biggest calls

SIG North Trading, ULC Added $99.5m1.0m shares
CIBC WORLD MARKET INC. Added $92.7m969.8k shares
D. E. Shaw & Co., Inc. Added $83.8m876.2k shares
ROYAL BANK OF CANADA Added $81.2m850.0k shares
MILLENNIUM MANAGEMENT LLC Added $67.9m525.0k shares
BANK OF MONTREAL /CAN/ Reduced $25.9m196.3k shares
JANE STREET GROUP, LLC Added $21.5m225.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $21.1m220.3k shares
CITADEL ADVISORS LLC Reduced $19.5m204.5k shares
NewGen Asset Management Ltd New $6.7m70.0k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Reduced $80.8m625.0k shares
SIG North Trading, ULC Reduced $66.2m693.0k shares
CIBC WORLD MARKET INC. Added $50.7m530.3k shares
Polar Asset Management Partners Inc. New $48.1m500.0k shares
ROYAL BANK OF CANADA Added $40.6m425.0k shares
BANK OF MONTREAL /CAN/ Added $39.1m297.0k shares
CITADEL ADVISORS LLC Reduced $16.8m176.0k shares
D. E. Shaw & Co., Inc. Added $15.0m156.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $13.1m137.0k shares
JANE STREET GROUP, LLC Added $12.9m135.2k 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 Q1 2023

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 Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 2.12% of their portfolio TORONTO, A6 73,883,27273.9m $7.1bn $7.1bn 2.12% Reduced -3.3m -3,260,587
2 BANK OF MONTREAL /CAN/ 4.04% of their portfolio TORONTO, A6 72,746,43672.7m $9.6bn $9.6bn 4.04% Added +3.3m +3,318,697
3 VANGUARD GROUP INC 0.13% of their portfolio Valley Forge, PA 51,959,28452.0m $5.0bn $5.0bn 0.13% Added +262.5k +262,504
4 FMR LLC 0.14% of their portfolio BOSTON, MA 31,366,53831.4m $3.0bn $3.0bn 0.14% Added +16.9m +16,894,550
5 TD Asset Management Inc 3.10% of their portfolio Toronto, A6 26,913,78626.9m $2.6bn $2.6bn 3.10% Reduced -637.2k -637,168
6 MACKENZIE FINANCIAL CORP 3.99% of their portfolio TORONTO ONTARIO, A6 26,726,27826.7m $2.6bn $2.6bn 3.99% Reduced -360.6k -360,566
7 BANK OF NOVA SCOTIA 7.53% of their portfolio TORONTO, A6 26,565,25526.6m $2.5bn $2.5bn 7.53% Added +2.4m +2,420,889
8 CIBC WORLD MARKET INC. 7.80% of their portfolio TORONTO, A6 22,562,41122.6m $2.2bn $2.2bn 7.80% Added +1.5m +1,519,919
9 FIL Ltd 2.47% of their portfolio HAMILTON, D0 22,509,47622.5m $2.2bn $2.2bn 2.47% Reduced -1.2m -1,200,957
10 TORONTO DOMINION BANK 3.30% of their portfolio TORONTO, ONTARIO, A6 21,119,04221.1m $2.0bn $2.0bn 3.30% Added +2.0m +2,029,807
11 NATIONAL BANK OF CANADA /FI/ 4.69% of their portfolio MONTREAL, A8 18,183,86618.2m $1.7bn $1.7bn 4.69% Added +890.3k +890,328
12 1832 Asset Management L.P. 3.56% of their portfolio TORONTO, A6 18,085,11318.1m $1.7bn $1.7bn 3.56% Reduced -342.7k -342,653
13 NORGES BANK 0.37% of their portfolio OSLO, Q8 17,683,72017.7m $1.7bn $1.7bn 0.37% Added +840.6k +840,614
14 CIBC Asset Management Inc 4.85% of their portfolio TORONTO, Z4 12,531,87612.5m $1.2bn $1.2bn 4.85% Reduced -208.0k -207,960
15 WELLINGTON MANAGEMENT GROUP LLP 0.22% of their portfolio Boston, MA 11,642,50311.6m $1.1bn $1.1bn 0.22% Added +310.2k +310,191
16 Beutel, Goodman & Co Ltd. 6.12% of their portfolio TORONTO, A6 10,909,01410.9m $1.0bn $1.0bn 6.12% Reduced -37.8k -37,795
17 SCOTIA CAPITAL INC. 5.71% of their portfolio TORONTO, A6 8,194,8388.2m $782.8m $782.8m 5.71% Added +42.8k +42,794
18 Connor, Clark & Lunn Investment Management Ltd. 3.95% of their portfolio VANCOUVER, A1 7,624,1767.6m $729.1m $729.1m 3.95% Reduced -1.1m -1,121,143
19 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.40% of their portfolio Toronto, A6 7,488,7927.5m $715.8m $715.8m 0.40% Reduced -376.5k -376,481
20 Legal & General Group Plc 0.25% of their portfolio London, X0 7,349,2847.3m $701.9m $701.9m 0.25% Reduced -29.3k -29,348
21 CANADA PENSION PLAN INVESTMENT BOARD 0.99% of their portfolio TORONTO ONTARIO, A6 6,529,4856.5m $623.6m $623.6m 0.99% Reduced -982.2k -982,160
22 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 5,775,1205.8m $552.0m $552.0m 0.07% Added +79.9k +79,863
23 TD Waterhouse Canada Inc. 6.99% of their portfolio TORONTO, A6 5,171,6045.2m $675.1m $675.1m 6.99% Reduced -147.6k -147,624
24 GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio BOSTON, MA 4,551,4854.6m $438.1m $438.1m 0.06% Added +85.2k +85,160
25 Fiera Capital Corp 1.23% of their portfolio MONTREAL, A8 4,287,4204.3m $412.7m $412.7m 1.23% Reduced -182.4k -182,386
26 Federation des caisses Desjardins du Quebec 4.18% of their portfolio LEVIS, A8 3,847,9623.8m $379.7m $379.7m 4.18% Reduced -104.9k -104,865
27 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.96% of their portfolio TORONTO, A6 3,611,7643.6m $345.4m $345.4m 1.96% Reduced -1.9k -1,918
28 Alberta Investment Management Corp 3.34% of their portfolio EDMONTON, A0 3,601,4363.6m $344.0m $344.0m 3.34% Reduced -784.2k -784,220
29 Sumitomo Mitsui Trust Group, Inc. 0.25% of their portfolio CHIYODA-KU, TOKYO, M0 3,458,8983.5m $332.9m $332.9m 0.25% Reduced -43.2k -43,228
30 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,335,6963.3m $318.8m $318.8m 0.03% Added +319.0k +318,989
31 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 3,173,4193.2m $303.3m $303.3m 0.08% Reduced -3.8m -3,756,904
32 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 2,965,3673.0m $283.4m $283.4m 0.08% Reduced -515.6k -515,628
33 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 2,812,9322.8m $268.9m $268.9m 0.03% Added +564.5k +564,542
34 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio Boston, MA 2,787,7962.8m $266.5m $266.5m 0.09% Reduced -6.1k -6,083
35 Caisse de depot et placement du Quebec 0.75% of their portfolio Montreal, A8 2,750,4742.8m $262.7m $262.7m 0.75% Added +158.4k +158,374
36 FRANKLIN RESOURCES INC 0.12% of their portfolio San Mateo, CA 2,564,0082.6m $245.2m $245.2m 0.12% Reduced -12.1k -12,137
37 JARISLOWSKY, FRASER Ltd 1.35% of their portfolio MONTREAL, A8 2,294,9062.3m $219.2m $219.2m 1.35% Reduced -27.3k -27,292
38 DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio AUSTIN, TX 2,261,7942.3m $216.2m $216.2m 0.07% Reduced -22.7k -22,664
39 CREDIT SUISSE AG/ 0.22% of their portfolio ZURICH, V8 2,229,9462.2m $213.1m $213.1m 0.22% Added +72.8k +72,809
40 GUARDIAN CAPITAL LP 6.75% of their portfolio TORONTO, A6 2,217,0562.2m $211.7m $211.7m 6.75% Reduced -68.6k -68,641
41 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 2.06% of their portfolio VICTORIA, A1 2,062,1042.1m $197.2m $197.2m 2.06% Reduced -150.5k -150,543
42 LETKO, BROSSEAU & ASSOCIATES INC 3.63% of their portfolio MONTREAL, A8 2,030,5962.0m $193.9m $193.9m 3.63% Reduced -18.0k -17,958
43 AGF MANAGEMENT LTD 1.28% of their portfolio TORONTO, A6 1,954,1862.0m $186.9m $186.9m 1.28% Added +54.7k +54,682
44 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 1,761,0961.8m $168.3m $168.3m 0.07% Reduced -285.5k -285,523
45 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,676,8281.7m $160.3m $160.3m 0.04% Added +1.6k +1,558
46 Canoe Financial LP 2.14% of their portfolio CALGARY, A0 1,604,1381.6m $153.4m $153.4m 2.14% First filing
47 OMERS ADMINISTRATION Corp 2.33% of their portfolio TORONTO, A6 1,580,9391.6m $151.0m $151.0m 2.33% Unchanged
48 CIDEL ASSET MANAGEMENT INC 6.83% of their portfolio TORONTO, A6 1,558,4281.6m $148.8m $148.8m 6.83% Reduced -5.5k -5,452
49 MONTRUSCO BOLTON INVESTMENTS INC. 2.77% of their portfolio MONTREAL, A8 1,405,1481.4m $134.2m $134.2m 2.77% Reduced -27.7k -27,748
50 DEUTSCHE BANK AG\ 0.07% of their portfolio FRANKFURT AM MAIN, 2M 1,224,4581.2m $117.0m $117.0m 0.07% Reduced -25.4k -25,396
51 Triasima Portfolio Management inc. 9.53% of their portfolio MONTREAL, A8 1,206,5081.2m $115.2m $115.2m 9.53% Reduced -39.2k -39,234
52 Cardinal Capital Management, Inc. 6.15% of their portfolio WINNIPEG, A2 1,184,3801.2m $113.2m $113.2m 6.15% Reduced -33.1k -33,148
53 Korea Investment CORP 0.32% of their portfolio SEOUL, M5 1,129,1761.1m $108.6m $108.6m 0.32% Reduced -69.5k -69,467
54 BANK OF NOVA SCOTIA TRUST CO 11.57% of their portfolio TORONTO, A6 1,101,8331.1m $105.3m $105.3m 11.57% Reduced -18.8k -18,782
55 Amundi 0.06% of their portfolio Paris, I0 1,077,1611.1m $104.3m $104.3m 0.06% Added +90.3k +90,271
56 HSBC HOLDINGS PLC 0.13% of their portfolio LONDON, X0 1,031,6191.0m $98.6m $98.6m 0.13% Reduced -66.4k -66,389
57 Public Sector Pension Investment Board 0.74% of their portfolio MONTREAL, A8 1,028,6811.0m $98.2m $98.2m 0.74% Added +656.1k +656,078
58 BlackRock Inc. 0.00% of their portfolio New York, NY 993,767993.8k $95.0m $95.0m 0.00% Added +90.1k +90,123
59 Russell Investments Group, Ltd. 0.18% of their portfolio Seattle, WA 967,872967.9k $92.4m $92.4m 0.18% Reduced -67.9k -67,885
60 CANADA LIFE ASSURANCE Co 0.22% of their portfolio WINNIPEG, A2 937,562937.6k $89.6m $89.6m 0.22% Added +8.9k +8,892
61 DekaBank Deutsche Girozentrale 0.21% of their portfolio FRANKFURT, 2M 892,005892.0k $84.1m $84.1m 0.21% Reduced -55.1k -55,140
62 Addenda Capital Inc. 4.48% of their portfolio MONTREAL, A8 842,812842.8k $108.9m $108.9m 4.48% Reduced -21.2k -21,234
63 Scheer, Rowlett & Associates Investment Management Ltd. 6.64% of their portfolio TORONTO, A6 837,425837.4k $80.1m $80.1m 6.64% Reduced -45.0k -45,009
64 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 8.98% of their portfolio MISSISSAUGA, A6 806,853806.9k $77.0m $77.0m 8.98% Added +12.2k +12,159
65 FIRST TRUST ADVISORS LP 0.09% of their portfolio Wheaton, IL 802,453802.5k $76.7m $76.7m 0.09% Added +1.6k +1,627
66 REGIONS FINANCIAL CORP 0.68% of their portfolio BIRMINGHAM, AL 795,436795.4k $76.0m $76.0m 0.68% Reduced -1.2k -1,207
67 Candriam S.C.A. 0.44% of their portfolio STRASSEN, N4 723,267723.3k $63.6m $63.6m 0.44% Added +98.6k +98,638
68 Dixon Mitchell Investment Counsel Inc. 4.27% of their portfolio VANCOUVER, A1 714,937714.9k $68.3m $68.3m 4.27% Added +11.8k +11,787
69 STATE OF WISCONSIN INVESTMENT BOARD 0.20% of their portfolio MADISON, WI 686,125686.1k $65.5m $65.5m 0.20% Reduced -69.6k -69,598
70 Value Partners Investments Inc. 5.26% of their portfolio WINNIPEG, A2 671,589671.6k $64.1m $64.1m 5.26% Reduced -3.5k -3,456
71 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 640,196640.2k $61.2m $61.2m 0.01% Added +10.5k +10,546
72 QV Investors Inc. 5.45% of their portfolio CALGARY, A0 611,463611.5k $58.4m $58.4m 5.45% Reduced -19.1k -19,058
73 Burgundy Asset Management Ltd. 0.67% of their portfolio Toronto, A6 563,279563.3k $53.8m $53.8m 0.67% Reduced -17.0k -17,039
74 INTACT INVESTMENT MANAGEMENT INC. 2.18% of their portfolio MONTREAL, A8 552,236552.2k $52.8m $52.8m 2.18% Added +240.8k +240,765
75 PICTET ASSET MANAGEMENT SA 0.06% of their portfolio GENEVA 73, V8 526,584526.6k $50.3m $50.3m 0.06% Reduced -6.8k -6,768
76 GUARDIAN CAPITAL ADVISORS LP 5.80% of their portfolio TORONTO, A6 517,020517.0k $50.4m $50.4m 5.80% Reduced -3.6k -3,572
77 Zurcher Kantonalbank (Zurich Cantonalbank) 0.24% of their portfolio ZURICH, V8 514,382514.4k $49.1m $49.1m 0.24% Added +29.3k +29,254
78 Onex Canada Asset Management Inc. 2.66% of their portfolio TORONTO, A6 509,916509.9k $48.8m $48.8m 2.66% Reduced -43.5k -43,543
79 Nexus Investment Management ULC 5.33% of their portfolio TORONTO, A6 505,396505.4k $48.3m $48.3m 5.33% Reduced -3.5k -3,525
80 Northwest & Ethical Investments L.P. 1.57% of their portfolio TORONTO, A6 496,021496.0k $47.4m $47.4m 1.57% Reduced -8.2k -8,210
81 Skandinaviska Enskilda Banken AB (publ) 0.32% of their portfolio STOCKHOLM, V7 474,943474.9k $45.4m $45.4m 0.32% Added +2.7k +2,659
82 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 421,694421.7k $40.3m $40.3m 0.05% Reduced -285.2k -285,200
83 Ilmarinen Mutual Pension Insurance Co 0.55% of their portfolio HELSINKI, H9 420,573420.6k $40.4m $40.4m 0.55% Unchanged
84 UBS Group AG 0.02% of their portfolio ZURICH, V8 419,462419.5k $40.1m $40.1m 0.02% Reduced -49.2k -49,195
85 AVIVA PLC 0.18% of their portfolio LONDON, X0 410,083410.1k $39.2m $39.2m 0.18% Reduced -14.6k -14,564
86 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 407,714407.7k $41.4m $41.4m 0.01% Added +37.1k +37,142
87 Cumberland Partners Ltd 3.81% of their portfolio TORONTO, A6 406,887406.9k $38.9m $38.9m 3.81% Added +6.0k +5,967
88 AXA S.A. 0.13% of their portfolio PARIS, I0 403,036403.0k $38.5m $38.5m 0.13% Added +31.9k +31,930
89 FORSTA AP-FONDEN 0.44% of their portfolio STOCKHOLM, V7 393,900393.9k $37.6m $37.6m 0.44% Added +46.5k +46,500
90 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.95% of their portfolio AMSTERDAM, P7 383,990384.0k $50.0m $50.0m 0.95% Reduced -3.0k -2,990
91 Hillsdale Investment Management Inc. 2.86% of their portfolio Toronto, A6 350,169350.2k $33.5m $33.5m 2.86% Reduced -34.0k -33,954
92 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.51% of their portfolio Stamford, CT 341,680341.7k $32.7m $32.7m 0.51% Reduced -1.5k -1,478
93 Unigestion Holding SA 1.75% of their portfolio GENEVA, V8 339,991340.0k $32.3m $32.3m 1.75% Reduced -2.6k -2,628
94 CAPTRUST FINANCIAL ADVISORS 0.14% of their portfolio RALEIGH, NC 335,240335.2k $32.0m $32.0m 0.14% Reduced -311 -311
95 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 322,592322.6k $30.8m $30.8m 0.03% Reduced -256 -256
96 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio JUPITER, FL 316,387316.4k $30.2m $30.2m 0.15% Added +93.8k +93,780
97 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 302,964303.0k $29.0m $29.0m 0.03% Reduced -3.6k -3,605
98 USS Investment Management Ltd 0.37% of their portfolio London, X0 282,100282.1k $27.0m $27.0m 0.37% Unchanged
99 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 280,674280.7k $27.0m $27.0m 0.01% Added +2.5k +2,528
100 NICOLA WEALTH MANAGEMENT LTD. 2.60% of their portfolio VANCOUVER, A1 276,090276.1k $26.4m $26.4m 2.60% Unchanged