Vault-13

ROYAL BK CDA RY

COM · Common Stock · CUSIP 780087102 · ISIN CA7800871021

Financial institution in Canada

677 institutional holders +11 vs Q1 2024
653,897,718653.9m shares reported held*
$69.8bnreported value*
70 new 225 added 212 reduced 57 sold out net bought ≈ $989.6m (+10.3m 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 ($1.6bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.76. Options: 22 managers hold calls ($611.3m notional), 22 hold puts ($425.4m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 612Q4 22: 658Q1 23: 662Q2 23: 651Q3 23: 644Q4 23: 679Q1 24: 666Q2 24: 677677Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022612
Q4 2022658
Q1 2023662
Q2 2023651
Q3 2023644
Q4 2023679
Q1 2024666
Q2 2024677

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 outQ2 23: 246 bought or addedQ2 23: 277 cut or sold outQ2 23Q3 23: 237 bought or addedQ3 23: 285 cut or sold outQ4 23: 277 bought or addedQ4 23: 273 cut or sold outQ4 23Q1 24: 253 bought or addedQ1 24: 283 cut or sold outQ2 24: 295 bought or addedQ2 24: 269 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022250240
Q1 2023266261
Q2 2023246277
Q3 2023237285
Q4 2023277273
Q1 2024253283
Q2 2024295269

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 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 0.45Q2 24 calls: $611.3mQ2 24 puts: $425.4mQ2 24P/C 0.70
Numbers
QuarterCallsPutsP/C
Q3 2023$599.0m$451.3m0.75
Q4 2023$763.7m$540.2m0.71
Q1 2024$751.0m$334.8m0.45
Q2 2024$611.3m$425.4m0.70

Biggest buyers

Federation des caisses Desjardins du Quebec Added +7,397,181+7.4m
FIL Ltd Added +4,053,126+4.1m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC New +3,361,280+3.4m
NATIONAL BANK OF CANADA /FI/ Added +2,901,033+2.9m
Capital World Investors Added +2,453,559+2.5m
FRANKLIN RESOURCES INC Added +2,032,194+2.0m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +2,011,548+2.0m
GOLDMAN SACHS GROUP INC Added +1,908,047+1.9m
VANGUARD GROUP INC Added +1,271,375+1.3m
Connor, Clark & Lunn Investment Management Ltd. Added +1,236,405+1.2m

Biggest sellers

MORGAN STANLEY Reduced -7,433,451-7.4m
Sumitomo Mitsui Trust Group, Inc. Sold out -3,249,227-3.2m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -2,056,975-2.1m
Beutel, Goodman & Co Ltd. Reduced -1,370,280-1.4m
ROYAL BANK OF CANADA Reduced -1,365,642-1.4m
HSBC HOLDINGS PLC Reduced -1,242,504-1.2m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,078,423-1.1m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -855,305-855.3k
MACKENZIE FINANCIAL CORP Reduced -828,830-828.8k
CIBC WORLD MARKET INC. Reduced -672,189-672.2k

Biggest calls

CIBC WORLD MARKET INC. Added $146.1m1.4m shares
SIG North Trading, ULC Added $106.7m1.0m shares
MILLENNIUM MANAGEMENT LLC Unchanged $91.1m625.5k shares
JANE STREET GROUP, LLC Reduced $74.3m698.4k shares
ROYAL BANK OF CANADA Reduced $58.6m551.3k shares
D. E. Shaw & Co., Inc. Reduced $33.5m315.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $30.1m283.3k shares
CITADEL ADVISORS LLC Added $24.2m227.5k shares
BANK OF MONTREAL /CAN/ Reduced $16.2m150.0k shares
SIMPLEX TRADING, LLC Reduced $8.6m80.8k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Added $80.2m550.5k shares
CIBC WORLD MARKET INC. Added $63.9m600.9k shares
SIG North Trading, ULC Added $61.5m577.7k shares
BANK OF MONTREAL /CAN/ Added $53.3m493.0k shares
ROYAL BANK OF CANADA Added $34.1m320.1k shares
D. E. Shaw & Co., Inc. Added $33.5m315.0k shares
JANE STREET GROUP, LLC Reduced $33.5m315.0k shares
Genus Capital Management Inc. New $16.8m157.7k shares
Walleye Capital LLC Reduced $11.9m112.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.5m89.3k 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 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 Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 1.94% of their portfolio TORONTO, A6 75,506,40375.5m $8.0bn $8.0bn 1.94% Reduced -1.4m -1,365,642
2 BANK OF MONTREAL /CAN/ 2.46% of their portfolio TORONTO, A6 75,448,86575.4m $8.2bn $8.2bn 2.46% Added +1.1m +1,092,951
3 VANGUARD GROUP INC 0.12% of their portfolio Valley Forge, PA 56,966,91957.0m $6.1bn $6.1bn 0.12% Added +1.3m +1,271,375
4 CIBC WORLD MARKET INC. 9.20% of their portfolio TORONTO, A6 34,840,80334.8m $3.7bn $3.7bn 9.20% Reduced -672.2k -672,189
5 TD Asset Management Inc 3.19% of their portfolio Toronto, A6 32,155,77232.2m $3.4bn $3.4bn 3.19% Reduced -327.4k -327,419
6 MACKENZIE FINANCIAL CORP 3.98% of their portfolio TORONTO ONTARIO, A6 25,169,09725.2m $2.7bn $2.7bn 3.98% Reduced -828.8k -828,830
7 FIL Ltd 2.44% of their portfolio HAMILTON, D0 23,208,27523.2m $2.5bn $2.5bn 2.44% Added +4.1m +4,053,126
8 BANK OF NOVA SCOTIA 4.75% of their portfolio TORONTO, A6 22,723,77922.7m $2.4bn $2.4bn 4.75% Reduced -462.0k -462,014
9 NATIONAL BANK OF CANADA /FI/ 3.33% of their portfolio MONTREAL, A8 20,232,20420.2m $2.1bn $2.1bn 3.33% Added +2.9m +2,901,033
10 NORGES BANK 0.32% of their portfolio OSLO, Q8 19,913,06919.9m $2.1bn $2.1bn 0.32% Added +632.7k +632,651
11 1832 Asset Management L.P. 3.47% of their portfolio TORONTO, A6 18,040,09218.0m $1.9bn $1.9bn 3.47% Reduced -458.1k -458,138
12 TORONTO DOMINION BANK 2.80% of their portfolio TORONTO, ONTARIO, A6 16,405,25516.4m $1.7bn $1.7bn 2.80% Reduced -502.4k -502,419
13 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 13,874,08613.9m $1.5bn $1.5bn 0.06% Added +850.1k +850,080
14 CIBC Asset Management Inc 5.11% of their portfolio TORONTO, Z4 13,498,12413.5m $1.4bn $1.4bn 5.11% Reduced -494.2k -494,228
15 MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.20% of their portfolio Toronto, A6 12,127,50612.1m $1.3bn $1.3bn 1.20% Added +256.0k +256,023
16 Federation des caisses Desjardins du Quebec 6.64% of their portfolio LEVIS, A8 11,533,67311.5m $1.2bn $1.2bn 6.64% Added +7.4m +7,397,181
17 WELLINGTON MANAGEMENT GROUP LLP 0.22% of their portfolio Boston, MA 11,464,77911.5m $1.2bn $1.2bn 0.22% Reduced -1.1m -1,078,423
18 GOLDMAN SACHS GROUP INC 0.22% of their portfolio NEW YORK, NY 10,471,48210.5m $1.1bn $1.1bn 0.22% Added +1.9m +1,908,047
19 Connor, Clark & Lunn Investment Management Ltd. 4.55% of their portfolio VANCOUVER, A1 10,176,52210.2m $1.1bn $1.1bn 4.55% Added +1.2m +1,236,405
20 FMR LLC 0.07% of their portfolio BOSTON, MA 10,163,43610.2m $1.1bn $1.1bn 0.07% Added +272.4k +272,416
21 Beutel, Goodman & Co Ltd. 5.40% of their portfolio TORONTO, A6 9,539,2599.5m $1.0bn $1.0bn 5.40% Reduced -1.4m -1,370,280
22 Capital World Investors 0.15% of their portfolio LOS ANGELES, CA 8,773,8058.8m $934.1m $934.1m 0.15% Added +2.5m +2,453,559
23 SCOTIA CAPITAL INC. 5.43% of their portfolio TORONTO, A6 8,736,1808.7m $927.9m $927.9m 5.43% Reduced -68.7k -68,665
24 Legal & General Group Plc 0.24% of their portfolio London, X0 8,076,3418.1m $859.7m $859.7m 0.24% Added +134.1k +134,139
25 GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio BOSTON, MA 5,849,1545.8m $628.9m $628.9m 0.06% Added +277.5k +277,452
26 TD Waterhouse Canada Inc. 5.31% of their portfolio TORONTO, A6 5,557,3235.6m $592.3m $592.3m 5.31% Reduced -262.1k -262,124
27 CANADA PENSION PLAN INVESTMENT BOARD 0.49% of their portfolio TORONTO ONTARIO, A6 4,663,7714.7m $496.4m $496.4m 0.49% Reduced -375.4k -375,400
28 Fiera Capital Corp 1.51% of their portfolio MONTREAL, A8 4,588,2604.6m $488.7m $488.7m 1.51% Added +86.8k +86,810
29 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 2.69% of their portfolio VICTORIA, A1 4,189,1004.2m $446.1m $446.1m 2.69% Reduced -855.3k -855,305
30 Alberta Investment Management Corp 4.37% of their portfolio EDMONTON, A0 3,878,3513.9m $412.8m $412.8m 4.37% Added +386.9k +386,873
31 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,826,5573.8m $407.1m $407.1m 0.03% Reduced -7.4m -7,433,451
32 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 3,520,2903.5m $374.5m $374.5m 0.08% Reduced -121.3k -121,308
33 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 3,361,2803.4m $357.8m $357.8m 0.07% New
34 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,250,6153.3m $345.8m $345.8m 0.03% Added +328.4k +328,438
35 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio Boston, MA 2,779,8942.8m $295.7m $295.7m 0.09% Added +6.3k +6,309
36 FRANKLIN RESOURCES INC 0.09% of their portfolio San Mateo, CA 2,688,2242.7m $286.2m $286.2m 0.09% Added +2.0m +2,032,194
37 AGF MANAGEMENT LTD 1.61% of their portfolio TORONTO, A6 2,431,2642.4m $290.1m $290.1m 1.61% Reduced -319.7k -319,662
38 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 2,162,6692.2m $230.1m $230.1m 0.06% Added +4.1k +4,062
39 JARISLOWSKY, FRASER Ltd 1.35% of their portfolio MONTREAL, A8 2,089,7562.1m $222.4m $222.4m 1.35% Reduced -145.7k -145,673
40 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio NEW YORK, NY 2,011,5482.0m $214.0m $214.0m 0.06% New
41 Caisse de depot et placement du Quebec 0.51% of their portfolio Montreal, A8 1,976,6352.0m $210.4m $210.4m 0.51% Reduced -689 -689
42 LETKO, BROSSEAU & ASSOCIATES INC 3.92% of their portfolio MONTREAL, A8 1,940,6071.9m $206.6m $206.6m 3.92% Reduced -127.5k -127,469
43 GUARDIAN CAPITAL LP 7.34% of their portfolio TORONTO, A6 1,829,3091.8m $194.7m $194.7m 7.34% Reduced -12.3k -12,288
44 Clearbridge Investments, LLC 0.15% of their portfolio NEW YORK, NY 1,734,1611.7m $184.5m $184.5m 0.15% Reduced -35.2k -35,221
45 Nuveen Asset Management, LLC 0.05% of their portfolio CHICAGO, IL 1,647,2481.6m $175.3m $175.3m 0.05% Added +22.0k +22,014
46 Amundi 0.06% of their portfolio Paris, I0 1,397,8361.4m $152.4m $152.4m 0.06% Added +248.8k +248,844
47 AXA S.A. 0.22% of their portfolio PARIS, I0 1,365,5281.4m $145.3m $145.3m 0.22% Added +576.8k +576,792
48 Canoe Financial LP 2.41% of their portfolio CALGARY, A0 1,291,0121.3m $130.3m $130.3m 2.41% Unchanged
49 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,252,2931.3m $133.2m $133.2m 0.03% Reduced -33.7k -33,653
50 Scheer, Rowlett & Associates Investment Management Ltd. 10.15% of their portfolio TORONTO, A6 1,244,5961.2m $132.5m $132.5m 10.15% Reduced -7.0k -6,980
51 Cardinal Capital Management, Inc. 4.84% of their portfolio WINNIPEG, A2 1,183,5711.2m $125.9m $125.9m 4.84% Added +3.0k +3,041
52 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 1,176,7511.2m $125.2m $125.2m 0.04% Reduced -98.0k -97,960
53 DEUTSCHE BANK AG\ 0.06% of their portfolio FRANKFURT AM MAIN, 2M 1,167,9711.2m $124.2m $124.2m 0.06% Added +84.0k +83,950
54 Korea Investment CORP 0.31% of their portfolio SEOUL, M5 1,152,0521.2m $122.6m $122.6m 0.31% Added +43.6k +43,650
55 BlackRock Inc. 0.00% of their portfolio New York, NY 1,137,4791.1m $121.0m $121.0m 0.00% Reduced -10.0k -10,032
56 OMERS ADMINISTRATION Corp 1.15% of their portfolio TORONTO, A6 1,126,1861.1m $119.9m $119.9m 1.15% Reduced -308.1k -308,120
57 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.35% of their portfolio TORONTO, A6 1,112,7331.1m $118.5m $118.5m 0.35% Reduced -2.1m -2,056,975
58 DekaBank Deutsche Girozentrale 0.20% of their portfolio FRANKFURT, 2M 1,050,8601.1m $111.2m $111.2m 0.20% Added +101.3k +101,261
59 MONTRUSCO BOLTON INVESTMENTS INC. 1.17% of their portfolio MONTREAL, A8 1,044,1171.0m $111.1m $111.1m 1.17% Reduced -312.9k -312,875
60 CANADA LIFE ASSURANCE Co 0.19% of their portfolio WINNIPEG, A2 946,041946.0k $100.6m $100.6m 0.19% Added +58.4k +58,394
61 Russell Investments Group, Ltd. 0.16% of their portfolio Seattle, WA 910,020910.0k $96.8m $96.8m 0.16% Reduced -82.7k -82,708
62 Triasima Portfolio Management inc. 8.48% of their portfolio MONTREAL, A8 871,119871.1k $92.7m $92.7m 8.48% Added +31.7k +31,657
63 State of Tennessee, Department of Treasury 0.32% of their portfolio NASHVILLE, TN 806,673806.7k $85.9m $85.9m 0.32% Added +12.3k +12,281
64 Dixon Mitchell Investment Counsel Inc. 4.27% of their portfolio VANCOUVER, A1 798,106798.1k $85.2m $85.2m 4.27% Added +12.5k +12,473
65 Addenda Capital Inc. 4.55% of their portfolio MONTREAL, A8 797,352797.4k $116.1m $116.1m 4.55% Reduced -23.9k -23,854
66 REGIONS FINANCIAL CORP 0.64% of their portfolio BIRMINGHAM, AL 793,651793.7k $84.4m $84.4m 0.64% Reduced -950 -950
67 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 758,927758.9k $80.7m $80.7m 0.09% Added +421.9k +421,923
68 MUFG SECURITIES (CANADA), LTD. 5.26% of their portfolio NEW YORK, NY 748,833748.8k $79.7m $79.7m 5.26% Added +748.1k +748,102
69 AVIVA PLC 0.21% of their portfolio LONDON, X0 724,122724.1k $77.1m $77.1m 0.21% Added +126.7k +126,718
70 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 669,783669.8k $71.3m $71.3m 0.01% Added +13.7k +13,688
71 BANK OF NOVA SCOTIA TRUST CO 7.91% of their portfolio TORONTO, A6 665,745665.7k $70.8m $70.8m 7.91% Reduced -5.5k -5,455
72 INTACT INVESTMENT MANAGEMENT INC. 2.64% of their portfolio MONTREAL, A8 662,150662.1k $70.5m $70.5m 2.64% Added +30.1k +30,140
73 Burgundy Asset Management Ltd. 0.73% of their portfolio Toronto, A6 651,784651.8k $69.4m $69.4m 0.73% Reduced -21.3k -21,280
74 MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 8.10% of their portfolio MISSISSAUGA, A6 626,165626.2k $66.7m $66.7m 8.10% Reduced -4.0k -4,008
75 J. Safra Sarasin Holding AG 1.18% of their portfolio BASEL, V8 609,238609.2k $64.8m $64.8m 1.18% First filing
76 QV Investors Inc. 5.88% of their portfolio CALGARY, A0 588,047588.0k $62.6m $62.6m 5.88% Reduced -5.6k -5,595
77 CIDEL ASSET MANAGEMENT INC 4.55% of their portfolio TORONTO, A6 553,589553.6k $58.9m $58.9m 4.55% Reduced -197 -197
78 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 541,569541.6k $57.7m $57.7m 0.05% New
79 Pictet Asset Management Holding SA 0.06% of their portfolio CAROUGE, V8 521,171521.2k $56.3m $56.3m 0.06% Added +4.9k +4,882
80 UBS Group AG 0.02% of their portfolio ZURICH, V8 506,480506.5k $53.9m $53.9m 0.02% Added +86.5k +86,473
81 GUARDIAN CAPITAL ADVISORS LP 5.94% of their portfolio TORONTO, A6 505,755505.8k $55.8m $55.8m 5.94% Reduced -62.7k -62,678
82 MILLER HOWARD INVESTMENTS INC /NY 1.78% of their portfolio KINGSTON, NY 504,388504.4k $53.7m $53.7m 1.78% Reduced -7.8k -7,796
83 Zurcher Kantonalbank (Zurich Cantonalbank) 0.17% of their portfolio ZURICH, V8 501,621501.6k $53.4m $53.4m 0.17% Added +19.8k +19,753
84 Value Partners Investments Inc. 4.52% of their portfolio WINNIPEG, A2 490,161490.2k $52.2m $52.2m 4.52% Reduced -259.7k -259,663
85 Nexus Investment Management ULC 5.41% of their portfolio TORONTO, A6 483,965484.0k $51.5m $51.5m 5.41% Reduced -25.0k -25,039
86 Northwest & Ethical Investments L.P. 1.46% of their portfolio TORONTO, A6 477,373477.4k $50.8m $50.8m 1.46% Reduced -7.7k -7,671
87 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 468,685468.7k $49.9m $49.9m 0.05% Reduced -140.8k -140,816
88 Focus Partners Wealth 0.16% of their portfolio ST LOUIS, MO 437,148437.1k $47.5m $47.5m 0.16% Added +219.8k +219,847
89 Cumberland Partners Ltd 3.12% of their portfolio TORONTO, A6 403,427403.4k $42.9m $42.9m 3.12% Added +7.6k +7,640
90 Clark Capital Management Group, Inc. 0.29% of their portfolio PHILADELPHIA, PA 365,309365.3k $38.9m $38.9m 0.29% New
91 LANARK FINANCIAL, INC. 3.50% of their portfolio BIRMINGHAM, AL 361,192361.2k $38.4m $38.4m 3.50% Reduced -438 -438
92 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.57% of their portfolio AMSTERDAM, P7 348,141348.1k $50.7m $50.7m 0.57% Added +35.6k +35,584
93 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 345,156345.2k $36.7m $36.7m 0.01% Unchanged
94 Skandinaviska Enskilda Banken AB (publ) 0.17% of their portfolio STOCKHOLM, V7 342,360342.4k $36.4m $36.4m 0.17% Reduced -14.1k -14,138
95 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 341,218341.2k $36.3m $36.3m 0.02% Reduced -254 -254
96 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 327,533327.5k $34.9m $34.9m 0.05% Added +291.7k +291,733
97 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 325,463325.5k $34.6m $34.6m 0.01% Added +75.4k +75,366
98 Mn Services Vermogensbeheer B.V. 0.24% of their portfolio THE HAGUE, P7 318,000318.0k $33.8m $33.8m 0.24% Reduced -14.0k -14,000
99 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 312,554312.6k $33.2m $33.2m 0.01% Reduced -7.5k -7,481
100 FORSTA AP-FONDEN 0.29% of their portfolio STOCKHOLM, V7 310,600310.6k $33.1m $33.1m 0.29% Reduced -45.6k -45,600