Vault-13

ROYAL BK CDA RY

COM · Common Stock · CUSIP 780087102 · ISIN CA7800871021

Financial institution in Canada

666 institutional holders -13 vs Q4 2023
645,414,804645.4m shares reported held*
$65.3bnreported value*
40 new 213 added 227 reduced 56 sold out net bought ≈ $881.8m (+7.5m 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 ($1.7bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $101.48. Options: 23 managers hold calls ($751.0m notional), 23 hold puts ($334.8m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 612Q4 22: 658Q1 23: 662Q2 23: 651Q3 23: 644Q4 23: 679Q1 24: 666666Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022612
Q4 2022658
Q1 2023662
Q2 2023651
Q3 2023644
Q4 2023679
Q1 2024666

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 23Q3 23: 237 bought or addedQ3 23: 285 cut or sold outQ3 23Q4 23: 277 bought or addedQ4 23: 273 cut or sold outQ4 23Q1 24: 253 bought or addedQ1 24: 283 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022250240
Q1 2023266261
Q2 2023246277
Q3 2023237285
Q4 2023277273
Q1 2024253283

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ2 23 calls: $542.0mQ2 23 puts: $365.1mQ2 23P/C 0.67Q3 23 calls: $599.0mQ3 23 puts: $451.3mQ3 23P/C 0.75Q4 23 calls: $763.7mQ4 23 puts: $540.2mQ4 23P/C 0.71Q1 24 calls: $751.0mQ1 24 puts: $334.8mQ1 24P/C 0.45
Numbers
QuarterCallsPutsP/C
Q2 2023$542.0m$365.1m0.67
Q3 2023$599.0m$451.3m0.75
Q4 2023$763.7m$540.2m0.71
Q1 2024$751.0m$334.8m0.45

Biggest buyers

CIBC WORLD MARKET INC. Added +6,067,410+6.1m
MORGAN STANLEY Added +5,756,294+5.8m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +2,800,649+2.8m
Capital World Investors Added +2,708,534+2.7m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +2,120,095+2.1m
GOLDMAN SACHS GROUP INC Added +1,586,261+1.6m
WELLINGTON MANAGEMENT GROUP LLP Added +1,536,995+1.5m
CANADA PENSION PLAN INVESTMENT BOARD Added +1,452,127+1.5m
BANK OF AMERICA CORP /DE/ Added +971,694+971.7k
VANGUARD GROUP INC Added +964,898+964.9k

Biggest sellers

BANK OF NOVA SCOTIA Reduced -4,839,124-4.8m
TORONTO DOMINION BANK Reduced -3,549,639-3.5m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -3,367,243-3.4m
NATIONAL BANK OF CANADA /FI/ Reduced -1,878,453-1.9m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -1,698,258-1.7m
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Sold out -1,220,441-1.2m
BANK OF MONTREAL /CAN/ Reduced -1,207,740-1.2m
CIDEL ASSET MANAGEMENT INC Reduced -909,548-909.5k
MACKENZIE FINANCIAL CORP Reduced -871,882-871.9k
TWO SIGMA INVESTMENTS, LP Sold out -865,120-865.1k

Biggest calls

D. E. Shaw & Co., Inc. Added $156.4m1.6m shares
ROYAL BANK OF CANADA Reduced $114.9m1.1m shares
CIBC WORLD MARKET INC. Reduced $108.3m1.1m shares
MILLENNIUM MANAGEMENT LLC Reduced $85.4m625.5k shares
JANE STREET GROUP, LLC Added $80.9m801.8k shares
SIG North Trading, ULC First filing $71.0m703.5k shares
BANK OF MONTREAL /CAN/ Added $34.2m340.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $30.9m306.0k shares
CITADEL ADVISORS LLC Reduced $18.6m184.4k shares
SIMPLEX TRADING, LLC Reduced $10.0m99.2k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Added $75.1m550.0k shares
CIBC WORLD MARKET INC. Reduced $58.3m578.0k shares
SIG North Trading, ULC First filing $54.3m538.5k shares
JANE STREET GROUP, LLC Reduced $50.9m504.4k shares
D. E. Shaw & Co., Inc. Reduced $20.2m200.0k shares
BANK OF MONTREAL /CAN/ Reduced $13.6m135.0k shares
Walleye Capital LLC Added $13.1m130.2k shares
Murchinson Ltd. New $7.5m74.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $6.7m66.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.6m65.6k 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 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 Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 1.89% of their portfolio TORONTO, A6 76,872,04576.9m $7.8bn $7.8bn 1.89% Added +81.4k +81,371
2 BANK OF MONTREAL /CAN/ 2.36% of their portfolio TORONTO, A6 74,355,91474.4m $7.5bn $7.5bn 2.36% Reduced -1.2m -1,207,740
3 VANGUARD GROUP INC 0.11% of their portfolio Valley Forge, PA 55,695,54455.7m $5.6bn $5.6bn 0.11% Added +964.9k +964,898
4 CIBC WORLD MARKET INC. 9.19% of their portfolio TORONTO, A6 35,512,99235.5m $3.6bn $3.6bn 9.19% Added +6.1m +6,067,410
5 TD Asset Management Inc 3.05% of their portfolio Toronto, A6 32,483,19132.5m $3.3bn $3.3bn 3.05% Reduced -88.3k -88,300
6 MACKENZIE FINANCIAL CORP 3.79% of their portfolio TORONTO ONTARIO, A6 25,997,92726.0m $2.6bn $2.6bn 3.79% Reduced -871.9k -871,882
7 BANK OF NOVA SCOTIA 4.72% of their portfolio TORONTO, A6 23,185,79323.2m $2.3bn $2.3bn 4.72% Reduced -4.8m -4,839,124
8 NORGES BANK 0.31% of their portfolio OSLO, Q8 19,280,41819.3m $1.9bn $1.9bn 0.31% Added +503.4k +503,426
9 FIL Ltd 1.92% of their portfolio HAMILTON, D0 19,155,14919.2m $1.9bn $1.9bn 1.92% Added +365.0k +364,985
10 1832 Asset Management L.P. 3.41% of their portfolio TORONTO, A6 18,498,23018.5m $1.9bn $1.9bn 3.41% Added +35.5k +35,523
11 NATIONAL BANK OF CANADA /FI/ 3.09% of their portfolio MONTREAL, A8 17,331,17117.3m $1.8bn $1.8bn 3.09% Reduced -1.9m -1,878,453
12 TORONTO DOMINION BANK 2.67% of their portfolio TORONTO, ONTARIO, A6 16,907,67416.9m $1.7bn $1.7bn 2.67% Reduced -3.5m -3,549,639
13 CIBC Asset Management Inc 4.90% of their portfolio TORONTO, Z4 13,992,35214.0m $1.4bn $1.4bn 4.90% Added +501.9k +501,933
14 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 13,024,00613.0m $1.3bn $1.3bn 0.06% Added +892.7k +892,688
15 WELLINGTON MANAGEMENT GROUP LLP 0.22% of their portfolio Boston, MA 12,543,20212.5m $1.3bn $1.3bn 0.22% Added +1.5m +1,536,995
16 MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.11% of their portfolio Toronto, A6 11,871,48311.9m $1.2bn $1.2bn 1.11% Added +2.1m +2,120,095
17 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 11,260,00811.3m $1.1bn $1.1bn 0.03% Added +5.8m +5,756,294
18 Beutel, Goodman & Co Ltd. 5.67% of their portfolio TORONTO, A6 10,909,53910.9m $1.1bn $1.1bn 5.67% Reduced -143.9k -143,915
19 FMR LLC 0.07% of their portfolio BOSTON, MA 9,891,0209.9m $997.6m $997.6m 0.07% Added +750.0k +750,046
20 Connor, Clark & Lunn Investment Management Ltd. 3.88% of their portfolio VANCOUVER, A1 8,940,1178.9m $902.1m $902.1m 3.88% Added +389.7k +389,681
21 SCOTIA CAPITAL INC. 5.28% of their portfolio TORONTO, A6 8,804,8458.8m $887.6m $887.6m 5.28% Added +123.0k +122,982
22 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 8,563,4358.6m $863.9m $863.9m 0.18% Added +1.6m +1,586,261
23 Legal & General Group Plc 0.23% of their portfolio London, X0 7,942,2027.9m $801.4m $801.4m 0.23% Added +37.8k +37,828
24 Capital World Investors 0.11% of their portfolio LOS ANGELES, CA 6,320,2466.3m $637.5m $637.5m 0.11% Added +2.7m +2,708,534
25 TD Waterhouse Canada Inc. 5.87% of their portfolio TORONTO, A6 5,819,4475.8m $783.4m $783.4m 5.87% Added +49.7k +49,659
26 GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio BOSTON, MA 5,571,7025.6m $566.3m $566.3m 0.05% Added +332.7k +332,672
27 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.52% of their portfolio VICTORIA, A1 5,044,4055.0m $509.0m $509.0m 3.52% Added +2.8m +2,800,649
28 CANADA PENSION PLAN INVESTMENT BOARD 0.53% of their portfolio TORONTO ONTARIO, A6 5,039,1715.0m $508.7m $508.7m 0.53% Added +1.5m +1,452,127
29 Fiera Capital Corp 1.32% of their portfolio MONTREAL, A8 4,501,4504.5m $454.3m $454.3m 1.32% Added +9.9k +9,880
30 Federation des caisses Desjardins du Quebec 4.07% of their portfolio LEVIS, A8 4,136,4924.1m $563.4m $563.4m 4.07% Added +27.4k +27,407
31 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 3,641,5983.6m $367.4m $367.4m 0.08% Added +399.3k +399,305
32 Alberta Investment Management Corp 3.57% of their portfolio EDMONTON, A0 3,491,4783.5m $352.5m $352.5m 3.57% Added +127.4k +127,400
33 Sumitomo Mitsui Trust Group, Inc. 0.23% of their portfolio CHIYODA-KU, TOKYO, M0 3,249,2273.2m $327.9m $327.9m 0.23% Added +25.9k +25,866
34 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.13% of their portfolio TORONTO, A6 3,169,7083.2m $319.8m $319.8m 1.13% Reduced -3.4m -3,367,243
35 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 2,922,1772.9m $294.8m $294.8m 0.03% Added +971.7k +971,694
36 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio Boston, MA 2,773,5852.8m $279.8m $279.8m 0.08% Added +26.6k +26,558
37 AGF MANAGEMENT LTD 1.40% of their portfolio TORONTO, A6 2,750,9262.8m $253.4m $253.4m 1.40% Reduced -47.6k -47,576
38 JARISLOWSKY, FRASER Ltd 1.29% of their portfolio MONTREAL, A8 2,235,4292.2m $225.7m $225.7m 1.29% Reduced -22.4k -22,378
39 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 2,158,6072.2m $217.8m $217.8m 0.06% Reduced -23.7k -23,669
40 CREDIT SUISSE AG/ 0.20% of their portfolio ZURICH, V8 2,089,5612.1m $210.8m $210.8m 0.20% Reduced -13.2k -13,190
41 LETKO, BROSSEAU & ASSOCIATES INC 3.63% of their portfolio MONTREAL, A8 2,068,0762.1m $208.8m $208.8m 3.63% Reduced -7.1k -7,112
42 Caisse de depot et placement du Quebec 0.48% of their portfolio Montreal, A8 1,977,3242.0m $199.6m $199.6m 0.48% Reduced -592.0k -591,968
43 GUARDIAN CAPITAL LP 6.48% of their portfolio TORONTO, A6 1,841,5971.8m $185.9m $185.9m 6.48% Reduced -15.2k -15,247
44 Clearbridge Investments, LLC 0.14% of their portfolio NEW YORK, NY 1,769,3821.8m $178.5m $178.5m 0.14% Reduced -21.8k -21,783
45 Nuveen Asset Management, LLC 0.05% of their portfolio CHICAGO, IL 1,625,2341.6m $164.1m $164.1m 0.05% Added +293.5k +293,479
46 OMERS ADMINISTRATION Corp 1.66% of their portfolio TORONTO, A6 1,434,3061.4m $144.8m $144.8m 1.66% Unchanged
47 MONTRUSCO BOLTON INVESTMENTS INC. 1.46% of their portfolio MONTREAL, A8 1,356,9921.4m $137.0m $137.0m 1.46% Added +5.2k +5,202
48 HSBC HOLDINGS PLC 0.09% of their portfolio LONDON, X0 1,321,8551.3m $133.3m $133.3m 0.09% Added +37.0k +37,050
49 Canoe Financial LP 2.15% of their portfolio CALGARY, A0 1,291,0121.3m $130.3m $130.3m 2.15% Reduced -19.6k -19,591
50 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,285,9461.3m $129.7m $129.7m 0.02% Reduced -318.6k -318,595
51 ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio NASHVILLE, TN 1,274,7111.3m $128.6m $128.6m 0.05% Reduced -243.9k -243,890
52 Scheer, Rowlett & Associates Investment Management Ltd. 9.34% of their portfolio TORONTO, A6 1,251,5761.3m $126.3m $126.3m 9.34% Added +164.8k +164,776
53 Cardinal Capital Management, Inc. 5.29% of their portfolio WINNIPEG, A2 1,180,5301.2m $119.2m $119.2m 5.29% Added +872 +872
54 Amundi 0.05% of their portfolio Paris, I0 1,148,9921.1m $111.3m $111.3m 0.05% Added +45.8k +45,774
55 BlackRock Inc. 0.00% of their portfolio New York, NY 1,147,5111.1m $115.8m $115.8m 0.00% Added +68.5k +68,504
56 Korea Investment CORP 0.28% of their portfolio SEOUL, M5 1,108,4021.1m $111.9m $111.9m 0.28% Reduced -12.2k -12,178
57 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 1,084,0211.1m $109.4m $109.4m 0.05% Reduced -85.7k -85,749
58 Russell Investments Group, Ltd. 0.16% of their portfolio Seattle, WA 992,728992.7k $100.2m $100.2m 0.16% Added +37.0k +36,982
59 DekaBank Deutsche Girozentrale 0.18% of their portfolio FRANKFURT, 2M 949,599949.6k $95.3m $95.3m 0.18% Added +100.9k +100,900
60 CANADA LIFE ASSURANCE Co 0.18% of their portfolio WINNIPEG, A2 887,647887.6k $89.7m $89.7m 0.18% Reduced -12.7k -12,739
61 Triasima Portfolio Management inc. 7.12% of their portfolio MONTREAL, A8 839,462839.5k $84.7m $84.7m 7.12% Reduced -145.4k -145,429
62 Addenda Capital Inc. 4.26% of their portfolio MONTREAL, A8 821,206821.2k $112.2m $112.2m 4.26% Reduced -14.8k -14,813
63 REGIONS FINANCIAL CORP 0.61% of their portfolio BIRMINGHAM, AL 794,601794.6k $80.2m $80.2m 0.61% Reduced -20 -20
64 State of Tennessee, Department of Treasury 0.30% of their portfolio NASHVILLE, TN 794,392794.4k $80.2m $80.2m 0.30% Unchanged
65 AXA S.A. 0.24% of their portfolio PARIS, I0 788,736788.7k $79.6m $79.6m 0.24% Added +22.5k +22,476
66 Dixon Mitchell Investment Counsel Inc. 3.95% of their portfolio VANCOUVER, A1 785,633785.6k $79.3m $79.3m 3.95% Added +11.1k +11,081
67 Value Partners Investments Inc. 6.18% of their portfolio WINNIPEG, A2 749,824749.8k $75.6m $75.6m 6.18% Reduced -684.5k -684,453
68 Burgundy Asset Management Ltd. 0.70% of their portfolio Toronto, A6 673,064673.1k $67.9m $67.9m 0.70% Reduced -9.7k -9,687
69 BANK OF NOVA SCOTIA TRUST CO 7.29% of their portfolio TORONTO, A6 671,200671.2k $67.7m $67.7m 7.29% Reduced -1.4k -1,389
70 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 656,095656.1k $66.2m $66.2m 0.01% Added +5.8k +5,841
71 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 656,030656.0k $66.2m $66.2m 0.02% Added +5.4k +5,433
72 INTACT INVESTMENT MANAGEMENT INC. 2.51% of their portfolio MONTREAL, A8 632,010632.0k $63.7m $63.7m 2.51% Added +179.1k +179,060
73 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 7.54% of their portfolio MISSISSAUGA, A6 630,173630.2k $63.5m $63.5m 7.54% Reduced -19.3k -19,299
74 FIRST TRUST ADVISORS LP 0.06% of their portfolio Wheaton, IL 609,501609.5k $61.5m $61.5m 0.06% Reduced -79.2k -79,210
75 AVIVA PLC 0.20% of their portfolio LONDON, X0 597,404597.4k $60.3m $60.3m 0.20% Added +10.6k +10,610
76 QV Investors Inc. 5.20% of their portfolio CALGARY, A0 593,642593.6k $59.9m $59.9m 5.20% Added +6.1k +6,089
77 GUARDIAN CAPITAL ADVISORS LP 6.01% of their portfolio TORONTO, A6 568,433568.4k $55.7m $55.7m 6.01% Reduced -9.2k -9,216
78 CIDEL ASSET MANAGEMENT INC 4.25% of their portfolio TORONTO, A6 553,786553.8k $55.9m $55.9m 4.25% Reduced -909.5k -909,548
79 Pictet Asset Management Holding SA 0.06% of their portfolio CAROUGE, V8 516,289516.3k $52.3m $52.3m 0.06% Reduced -3.8k -3,781
80 MILLER HOWARD INVESTMENTS INC /NY 1.70% of their portfolio KINGSTON, NY 512,184512.2k $51.7m $51.7m 1.70% Added +33.8k +33,792
81 Nexus Investment Management ULC 4.95% of their portfolio TORONTO, A6 509,004509.0k $51.4m $51.4m 4.95% Added +11.0k +11,015
82 Northwest & Ethical Investments L.P. 1.41% of their portfolio TORONTO, A6 485,044485.0k $48.9m $48.9m 1.41% Reduced -28.5k -28,504
83 Zurcher Kantonalbank (Zurich Cantonalbank) 0.17% of their portfolio ZURICH, V8 481,868481.9k $48.6m $48.6m 0.17% Added +1.0k +1,043
84 UBS Group AG 0.01% of their portfolio ZURICH, V8 420,007420.0k $42.4m $42.4m 0.01% Reduced -49.6k -49,625
85 Cumberland Partners Ltd 2.90% of their portfolio TORONTO, A6 395,787395.8k $39.9m $39.9m 2.90% Added +38.4k +38,359
86 LANARK FINANCIAL, INC. 3.42% of their portfolio BIRMINGHAM, AL 361,630361.6k $36.5m $36.5m 3.42% Reduced -544 -544
87 Skandinaviska Enskilda Banken AB (publ) 0.18% of their portfolio STOCKHOLM, V7 356,498356.5k $36.0m $36.0m 0.18% Reduced -7.5k -7,510
88 FORSTA AP-FONDEN 0.30% of their portfolio STOCKHOLM, V7 356,200356.2k $36.0m $36.0m 0.30% Reduced -43.9k -43,900
89 Varma Mutual Pension Insurance Co 0.31% of their portfolio Varma, H9 354,700354.7k $35.8m $35.8m 0.31% New
90 SIG North Trading, ULC 12.86% of their portfolio Bala Cynwyd, PA 348,529348.5k $35.2m $35.2m 12.86% First filing
91 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 345,156345.2k $34.8m $34.8m 0.01% Added +3.6k +3,639
92 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 341,472341.5k $34.4m $34.4m 0.02% Added +2.7k +2,747
93 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 337,004337.0k $34.0m $34.0m 0.04% Added +215.7k +215,728
94 Mn Services Vermogensbeheer B.V. 0.24% of their portfolio THE HAGUE, P7 332,000332.0k $33.5m $33.5m 0.24% New
95 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 320,035320.0k $32.3m $32.3m 0.01% Added +46.7k +46,699
96 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.53% of their portfolio AMSTERDAM, P7 312,557312.6k $42.7m $42.7m 0.53% Reduced -28.6k -28,605
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.32% of their portfolio Stamford, CT 288,824288.8k $29.1m $29.1m 0.32% Added +21.9k +21,923
98 Pathstone Holdings, LLC 0.13% of their portfolio ENGLEWOOD, NJ 266,224266.2k $26.9m $26.9m 0.13% Reduced -987 -987
99 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 259,736259.7k $26.2m $26.2m 0.03% Added +38.8k +38,784
100 Galibier Capital Management Ltd. 6.19% of their portfolio TORONTO, A6 256,254256.3k $25.9m $25.9m 6.19% Reduced -65.1k -65,122