Vault-13

ROYAL BK CDA RY

COM · Common Stock · CUSIP 780087102 · ISIN CA7800871021

Financial institution in Canada

651 institutional holders -11 vs Q1 2023
622,852,184622.9m shares reported held*
$59.7bnreported value*
47 new 199 added 221 reduced 56 sold out net bought ≈ $361.4m (+8.8m 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 ≈ $96.11. Options: 23 managers hold calls ($542.0m notional), 25 hold puts ($365.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 612Q4 22: 658Q1 23: 662Q2 23: 651651Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022612
Q4 2022658
Q1 2023662
Q2 2023651

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 23Q2 23: 246 bought or addedQ2 23: 277 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022250240
Q1 2023266261
Q2 2023246277

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 0.77Q2 23 calls: $542.0mQ2 23 puts: $365.1mQ2 23P/C 0.67
Numbers
QuarterCallsPutsP/C
Q3 2022$436.9m$479.3m1.10
Q4 2022$579.0m$802.2m1.39
Q1 2023$552.3m$425.4m0.77
Q2 2023$542.0m$365.1m0.67

Biggest buyers

TORONTO DOMINION BANK Added +20,868,748+20.9m
BANK OF MONTREAL /CAN/ Added +4,806,038+4.8m
MUFG Securities EMEA plc New +2,568,889+2.6m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +2,097,125+2.1m
ROYAL BANK OF CANADA Added +1,124,651+1.1m
Connor, Clark & Lunn Investment Management Ltd. Added +840,661+840.7k
State of Tennessee, Department of Treasury New +794,392+794.4k
Quadrature Capital Ltd Added +711,200+711.2k
TWO SIGMA INVESTMENTS, LP New +698,620+698.6k
CIBC WORLD MARKET INC. Added +655,712+655.7k

Biggest sellers

FMR LLC Reduced -17,226,947-17.2m
BANK OF NOVA SCOTIA Reduced -2,960,332-3.0m
CANADA PENSION PLAN INVESTMENT BOARD Reduced -2,590,011-2.6m
FIL Ltd Reduced -2,540,136-2.5m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,218,557-1.2m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -725,830-725.8k
Sumitomo Mitsui Trust Group, Inc. Reduced -579,181-579.2k
Alberta Investment Management Corp Reduced -516,493-516.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -357,694-357.7k
Triasima Portfolio Management inc. Reduced -307,628-307.6k

Biggest calls

D. E. Shaw & Co., Inc. Added $113.8m1.2m shares
CIBC WORLD MARKET INC. Added $104.2m1.1m shares
SIG North Trading, ULC Reduced $82.5m863.7k shares
ROYAL BANK OF CANADA Reduced $52.5m550.0k shares
BANK OF MONTREAL /CAN/ Added $45.9m480.0k shares
MILLENNIUM MANAGEMENT LLC Reduced $41.1m325.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $26.2m274.8k shares
JANE STREET GROUP, LLC Reduced $19.6m205.5k shares
CITADEL ADVISORS LLC Reduced $14.8m155.3k shares
GROUP ONE TRADING LLC Added $8.0m83.6k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Unchanged $79.1m625.0k shares
SIG North Trading, ULC Added $77.1m807.7k shares
CIBC WORLD MARKET INC. Reduced $41.1m430.3k shares
BANK OF MONTREAL /CAN/ Added $40.4m422.5k shares
ROYAL BANK OF CANADA Reduced $31.0m325.0k shares
JANE STREET GROUP, LLC Added $18.3m191.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $13.0m136.4k shares
CITADEL ADVISORS LLC Reduced $12.1m126.9k shares
D. E. Shaw & Co., Inc. Reduced $12.1m126.2k shares
Monaco Asset Management SAM Reduced $8.1m85.0k 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.

Insider purchases and sales in Q2 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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF MONTREAL /CAN/ 2.71% of their portfolio TORONTO, A6 77,552,47477.6m $7.4bn $7.4bn 2.71% Added +4.8m +4,806,038
2 ROYAL BANK OF CANADA 2.00% of their portfolio TORONTO, A6 75,007,92375.0m $7.2bn $7.2bn 2.00% Added +1.1m +1,124,651
3 VANGUARD GROUP INC 0.12% of their portfolio Valley Forge, PA 52,409,24852.4m $5.0bn $5.0bn 0.12% Added +450.0k +449,964
4 TORONTO DOMINION BANK 2.99% of their portfolio TORONTO, ONTARIO, A6 41,987,79042.0m $4.0bn $4.0bn 2.99% Added +20.9m +20,868,748
5 TD Asset Management Inc 2.91% of their portfolio Toronto, A6 26,741,62526.7m $2.6bn $2.6bn 2.91% Reduced -172.2k -172,161
6 MACKENZIE FINANCIAL CORP 3.87% of their portfolio TORONTO ONTARIO, A6 26,473,99826.5m $2.5bn $2.5bn 3.87% Reduced -252.3k -252,280
7 BANK OF NOVA SCOTIA 5.96% of their portfolio TORONTO, A6 23,604,92323.6m $2.3bn $2.3bn 5.96% Reduced -3.0m -2,960,332
8 CIBC WORLD MARKET INC. 7.63% of their portfolio TORONTO, A6 23,218,12323.2m $2.2bn $2.2bn 7.63% Added +655.7k +655,712
9 FIL Ltd 2.14% of their portfolio HAMILTON, D0 19,969,34020.0m $1.9bn $1.9bn 2.14% Reduced -2.5m -2,540,136
10 NATIONAL BANK OF CANADA /FI/ 3.58% of their portfolio MONTREAL, A8 18,804,91218.8m $1.8bn $1.8bn 3.58% Added +621.0k +621,046
11 NORGES BANK 0.34% of their portfolio OSLO, Q8 17,863,46817.9m $1.7bn $1.7bn 0.34% Added +179.7k +179,748
12 1832 Asset Management L.P. 3.31% of their portfolio TORONTO, A6 17,802,74717.8m $1.7bn $1.7bn 3.31% Reduced -282.4k -282,366
13 FMR LLC 0.11% of their portfolio BOSTON, MA 14,139,59114.1m $1.4bn $1.4bn 0.11% Reduced -17.2m -17,226,947
14 CIBC Asset Management Inc 4.61% of their portfolio TORONTO, Z4 12,306,68812.3m $1.2bn $1.2bn 4.61% Reduced -225.2k -225,188
15 Beutel, Goodman & Co Ltd. 5.88% of their portfolio TORONTO, A6 10,961,98911.0m $1.0bn $1.0bn 5.88% Added +53.0k +52,975
16 WELLINGTON MANAGEMENT GROUP LLP 0.19% of their portfolio Boston, MA 10,423,94610.4m $996.7m $996.7m 0.19% Reduced -1.2m -1,218,557
17 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.51% of their portfolio Toronto, A6 9,585,9179.6m $915.2m $915.2m 0.51% Added +2.1m +2,097,125
18 Connor, Clark & Lunn Investment Management Ltd. 4.04% of their portfolio VANCOUVER, A1 8,464,8378.5m $808.3m $808.3m 4.04% Added +840.7k +840,661
19 SCOTIA CAPITAL INC. 5.51% of their portfolio TORONTO, A6 8,404,7588.4m $802.3m $802.3m 5.51% Added +209.9k +209,920
20 Legal & General Group Plc 0.23% of their portfolio London, X0 7,445,2267.4m $711.8m $711.8m 0.23% Added +95.9k +95,942
21 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 5,797,9765.8m $553.8m $553.8m 0.06% Added +22.9k +22,856
22 TD Waterhouse Canada Inc. 6.80% of their portfolio TORONTO, A6 5,375,5675.4m $681.9m $681.9m 6.80% Added +204.0k +203,963
23 GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio BOSTON, MA 4,836,9854.8m $464.2m $464.2m 0.05% Added +285.5k +285,500
24 Federation des caisses Desjardins du Quebec 4.02% of their portfolio LEVIS, A8 4,170,7794.2m $409.5m $409.5m 4.02% Added +322.8k +322,817
25 Fiera Capital Corp 1.15% of their portfolio MONTREAL, A8 4,170,2064.2m $399.1m $399.1m 1.15% Reduced -117.2k -117,214
26 CANADA PENSION PLAN INVESTMENT BOARD 0.57% of their portfolio TORONTO ONTARIO, A6 3,939,4743.9m $376.7m $376.7m 0.57% Reduced -2.6m -2,590,011
27 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.57% of their portfolio TORONTO, A6 3,674,0893.7m $351.0m $351.0m 1.57% Added +62.3k +62,325
28 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,575,5243.6m $341.5m $341.5m 0.03% Added +239.8k +239,828
29 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 3,247,4993.2m $310.2m $310.2m 0.08% Added +74.1k +74,080
30 Alberta Investment Management Corp 2.84% of their portfolio EDMONTON, A0 3,084,9433.1m $295.0m $295.0m 2.84% Reduced -516.5k -516,493
31 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 3,080,3423.1m $294.2m $294.2m 0.08% Added +115.0k +114,975
32 Sumitomo Mitsui Trust Group, Inc. 0.21% of their portfolio CHIYODA-KU, TOKYO, M0 2,879,7172.9m $275.6m $275.6m 0.21% Reduced -579.2k -579,181
33 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 2,810,3222.8m $268.4m $268.4m 0.03% Reduced -2.6k -2,610
34 Caisse de depot et placement du Quebec 0.71% of their portfolio Montreal, A8 2,775,2272.8m $265.3m $265.3m 0.71% Added +24.8k +24,753
35 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio Boston, MA 2,775,2002.8m $265.1m $265.1m 0.09% Reduced -12.6k -12,596
36 MUFG Securities EMEA plc 2.07% of their portfolio LONDON, X0 2,568,8892.6m $325.2m $325.2m 2.07% New
37 FRANKLIN RESOURCES INC 0.11% of their portfolio San Mateo, CA 2,529,4642.5m $241.5m $241.5m 0.11% Reduced -34.5k -34,544
38 JARISLOWSKY, FRASER Ltd 1.29% of their portfolio MONTREAL, A8 2,269,0002.3m $216.9m $216.9m 1.29% Reduced -25.9k -25,906
39 DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio AUSTIN, TX 2,245,2502.2m $214.4m $214.4m 0.07% Reduced -16.5k -16,544
40 AGF MANAGEMENT LTD 1.55% of their portfolio TORONTO, A6 2,241,7042.2m $214.1m $214.1m 1.55% Added +287.5k +287,518
41 CREDIT SUISSE AG/ 0.21% of their portfolio ZURICH, V8 2,219,6302.2m $212.0m $212.0m 0.21% Reduced -10.3k -10,316
42 LETKO, BROSSEAU & ASSOCIATES INC 3.54% of their portfolio MONTREAL, A8 1,985,1912.0m $189.8m $189.8m 3.54% Reduced -45.4k -45,405
43 GUARDIAN CAPITAL LP 6.07% of their portfolio TORONTO, A6 1,981,8992.0m $189.5m $189.5m 6.07% Reduced -235.2k -235,157
44 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 1,733,3461.7m $165.6m $165.6m 0.07% Reduced -27.8k -27,750
45 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,714,6541.7m $163.8m $163.8m 0.03% Added +37.8k +37,826
46 OMERS ADMINISTRATION Corp 2.35% of their portfolio TORONTO, A6 1,580,9391.6m $151.2m $151.2m 2.35% Unchanged
47 Canoe Financial LP 3.08% of their portfolio CALGARY, A0 1,540,7601.5m $147.2m $147.2m 3.08% Reduced -63.4k -63,378
48 CIDEL ASSET MANAGEMENT INC 6.63% of their portfolio TORONTO, A6 1,531,0061.5m $146.4m $146.4m 6.63% Reduced -27.4k -27,422
49 MONTRUSCO BOLTON INVESTMENTS INC. 2.05% of their portfolio MONTREAL, A8 1,383,3641.4m $132.3m $132.3m 2.05% Reduced -21.8k -21,784
50 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 1.20% of their portfolio VICTORIA, A1 1,336,2741.3m $127.6m $127.6m 1.20% Reduced -725.8k -725,830
51 DEUTSCHE BANK AG\ 0.06% of their portfolio FRANKFURT AM MAIN, 2M 1,278,3091.3m $122.1m $122.1m 0.06% Added +53.9k +53,851
52 Korea Investment CORP 0.34% of their portfolio SEOUL, M5 1,271,2091.3m $121.6m $121.6m 0.34% Added +142.0k +142,033
53 Cardinal Capital Management, Inc. 5.69% of their portfolio WINNIPEG, A2 1,187,1721.2m $113.5m $113.5m 5.69% Added +2.8k +2,792
54 BANK OF NOVA SCOTIA TRUST CO 10.96% of their portfolio TORONTO, A6 1,099,8951.1m $105.1m $105.1m 10.96% Reduced -1.9k -1,938
55 Public Sector Pension Investment Board 0.71% of their portfolio MONTREAL, A8 1,031,9231.0m $98.7m $98.7m 0.71% Added +3.2k +3,242
56 BlackRock Inc. 0.00% of their portfolio New York, NY 1,023,6811.0m $97.8m $97.8m 0.00% Added +29.9k +29,914
57 Amundi 0.05% of their portfolio Paris, I0 1,004,8191.0m $96.6m $96.6m 0.05% Reduced -72.3k -72,342
58 HSBC HOLDINGS PLC 0.10% of their portfolio LONDON, X0 969,112969.1k $92.6m $92.6m 0.10% Reduced -62.5k -62,507
59 CANADA LIFE ASSURANCE Co 0.22% of their portfolio WINNIPEG, A2 955,159955.2k $91.8m $91.8m 0.22% Added +17.6k +17,597
60 Russell Investments Group, Ltd. 0.17% of their portfolio Seattle, WA 928,422928.4k $88.8m $88.8m 0.17% Reduced -39.5k -39,450
61 Quadrature Capital Ltd 1.92% of their portfolio LONDON, X0 918,200918.2k $87.7m $87.7m 1.92% Added +711.2k +711,200
62 DekaBank Deutsche Girozentrale 0.19% of their portfolio FRANKFURT, 2M 904,020904.0k $85.6m $85.6m 0.19% Added +12.0k +12,015
63 Triasima Portfolio Management inc. 7.19% of their portfolio MONTREAL, A8 898,880898.9k $113.7m $113.7m 7.19% Reduced -307.6k -307,628
64 Addenda Capital Inc. 4.39% of their portfolio MONTREAL, A8 827,158827.2k $104.7m $104.7m 4.39% Reduced -15.7k -15,654
65 Scheer, Rowlett & Associates Investment Management Ltd. 6.10% of their portfolio TORONTO, A6 798,275798.3k $76.2m $76.2m 6.10% Reduced -39.1k -39,150
66 State of Tennessee, Department of Treasury 0.32% of their portfolio NASHVILLE, TN 794,392794.4k $76.0m $76.0m 0.32% New
67 REGIONS FINANCIAL CORP 0.65% of their portfolio BIRMINGHAM, AL 793,671793.7k $75.8m $75.8m 0.65% Reduced -1.8k -1,765
68 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 8.65% of their portfolio MISSISSAUGA, A6 785,880785.9k $75.1m $75.1m 8.65% Reduced -21.0k -20,973
69 FIRST TRUST ADVISORS LP 0.08% of their portfolio Wheaton, IL 775,907775.9k $74.1m $74.1m 0.08% Reduced -26.5k -26,546
70 Dixon Mitchell Investment Counsel Inc. 3.95% of their portfolio VANCOUVER, A1 721,173721.2k $68.9m $68.9m 3.95% Added +6.2k +6,236
71 TWO SIGMA INVESTMENTS, LP 0.18% of their portfolio NEW YORK, NY 698,620698.6k $66.7m $66.7m 0.18% New
72 STATE OF WISCONSIN INVESTMENT BOARD 0.18% of their portfolio MADISON, WI 675,887675.9k $64.6m $64.6m 0.18% Reduced -10.2k -10,238
73 Value Partners Investments Inc. 5.15% of their portfolio WINNIPEG, A2 670,469670.5k $64.1m $64.1m 5.15% Reduced -1.1k -1,120
74 Candriam S.C.A. 0.46% of their portfolio STRASSEN, N4 669,592669.6k $64.0m $64.0m 0.46% Reduced -53.7k -53,675
75 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 609,123609.1k $58.2m $58.2m 0.01% Reduced -31.1k -31,073
76 QV Investors Inc. 5.14% of their portfolio CALGARY, A0 596,387596.4k $57.0m $57.0m 5.14% Reduced -15.1k -15,076
77 AVIVA PLC 0.23% of their portfolio LONDON, X0 583,396583.4k $55.8m $55.8m 0.23% Added +173.3k +173,313
78 Zurcher Kantonalbank (Zurich Cantonalbank) 0.24% of their portfolio ZURICH, V8 574,350574.4k $54.9m $54.9m 0.24% Added +60.0k +59,968
79 GUARDIAN CAPITAL ADVISORS LP 6.03% of their portfolio TORONTO, A6 570,068570.1k $53.0m $53.0m 6.03% Added +53.0k +53,048
80 Burgundy Asset Management Ltd. 0.61% of their portfolio Toronto, A6 545,806545.8k $52.2m $52.2m 0.61% Reduced -17.5k -17,473
81 Northwest & Ethical Investments L.P. 1.67% of their portfolio TORONTO, A6 544,688544.7k $52.0m $52.0m 1.67% Added +48.7k +48,667
82 INTACT INVESTMENT MANAGEMENT INC. 2.05% of their portfolio MONTREAL, A8 528,055528.1k $50.4m $50.4m 2.05% Reduced -24.2k -24,181
83 Nexus Investment Management ULC 5.26% of their portfolio TORONTO, A6 506,111506.1k $48.4m $48.4m 5.26% Added +715 +715
84 PICTET ASSET MANAGEMENT SA 0.06% of their portfolio GENEVA 73, V8 500,531500.5k $47.9m $47.9m 0.06% Reduced -26.1k -26,053
85 Assenagon Asset Management S.A. 0.18% of their portfolio SENNINGERBERG, N4 494,123494.1k $47.2m $47.2m 0.18% Added +455.0k +455,030
86 MILLER HOWARD INVESTMENTS INC /NY 1.63% of their portfolio KINGSTON, NY 478,049478.0k $45.7m $45.7m 1.63% New
87 Onex Canada Asset Management Inc. 2.62% of their portfolio TORONTO, A6 452,723452.7k $43.2m $43.2m 2.62% Reduced -57.2k -57,193
88 Ilmarinen Mutual Pension Insurance Co 0.55% of their portfolio HELSINKI, H9 450,573450.6k $43.0m $43.0m 0.55% Added +30.0k +30,000
89 Skandinaviska Enskilda Banken AB (publ) 0.28% of their portfolio STOCKHOLM, V7 448,798448.8k $43.0m $43.0m 0.28% Reduced -26.1k -26,145
90 AXA S.A. 0.13% of their portfolio PARIS, I0 419,221419.2k $40.0m $40.0m 0.13% Added +16.2k +16,185
91 UBS Group AG 0.02% of their portfolio ZURICH, V8 417,992418.0k $39.9m $39.9m 0.02% Reduced -1.5k -1,470
92 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.92% of their portfolio AMSTERDAM, P7 403,233403.2k $51.0m $51.0m 0.92% Added +19.2k +19,243
93 FORSTA AP-FONDEN 0.41% of their portfolio STOCKHOLM, V7 402,200402.2k $38.5m $38.5m 0.41% Added +8.3k +8,300
94 Cumberland Partners Ltd 3.49% of their portfolio TORONTO, A6 397,633397.6k $38.0m $38.0m 3.49% Reduced -9.3k -9,254
95 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 387,318387.3k $39.8m $39.8m 0.01% Reduced -20.4k -20,396
96 CAPTRUST FINANCIAL ADVISORS 0.13% of their portfolio RALEIGH, NC 332,887332.9k $31.8m $31.8m 0.13% Reduced -2.4k -2,353
97 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 330,214330.2k $31.5m $31.5m 0.03% Added +27.2k +27,250
98 SPROTT INC. 0.29% of their portfolio TORONTO, A6 322,386322.4k $3.2m $3.2m 0.29% New
99 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 317,531317.5k $30.4m $30.4m 0.03% Reduced -5.1k -5,061
100 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.44% of their portfolio Stamford, CT 313,306313.3k $29.9m $29.9m 0.44% Reduced -28.4k -28,374