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 ($3.4bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $210.14. Options: 29 managers hold calls ($1.7bn notional), 27 hold puts ($969.4m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 612 |
| Q4 2022 | 658 |
| Q1 2023 | 662 |
| Q2 2023 | 651 |
| Q3 2023 | 644 |
| Q4 2023 | 679 |
| Q1 2024 | 666 |
| Q2 2024 | 677 |
| Q3 2024 | 724 |
| Q4 2024 | 778 |
| Q1 2025 | 768 |
| Q2 2025 | 801 |
| Q3 2025 | 832 |
| Q4 2025 | 915 |
| Q1 2026 | 947 |
| Q2 2026 | 983 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 306 | 265 |
| Q4 2024 | 316 | 277 |
| Q1 2025 | 341 | 308 |
| Q2 2025 | 359 | 304 |
| Q3 2025 | 389 | 298 |
| Q4 2025 | 415 | 299 |
| Q1 2026 | 422 | 351 |
| Q2 2026 | 434 | 397 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.1bn | $876.7m | 0.76 |
| Q4 2025 | $1.5bn | $1.2bn | 0.77 |
| Q1 2026 | $1.2bn | $726.6m | 0.59 |
| Q2 2026 | $1.7bn | $969.4m | 0.57 |
Biggest buyers
| FMR LLC | Added | +3.9m |
| BAILLIE GIFFORD & CO | Added | +3.6m |
| Assenagon Asset Management S.A. | Added | +3.1m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.7m |
| OMERS ADMINISTRATION Corp | Added | +1.4m |
| FIL Ltd | Added | +1.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.0m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +1.0m |
| Vanguard Global Advisers, LLC | Added | +894.9k |
| PICTON MAHONEY ASSET MANAGEMENT | Added | +660.7k |
Biggest sellers
| TD Asset Management Inc | Reduced | -7.5m |
| TORONTO DOMINION BANK | Reduced | -3.4m |
| Blue Sparrow, LLC /DE | Sold out | -3.3m |
| CIBC WORLD MARKET INC. | Reduced | -1.6m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.6m |
| Beutel, Goodman & Co Ltd. | Reduced | -1.4m |
| Invesco Ltd. | Reduced | -1.3m |
| MORGAN STANLEY | Reduced | -1.2m |
| ROYAL BANK OF CANADA | Reduced | -1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.0m |
Biggest calls
| TORONTO DOMINION BANK | Added | $319.8m1.5m shares |
| ROYAL BANK OF CANADA | Reduced | $281.5m1.4m shares |
| SIG North Trading, ULC | Added | $246.7m1.2m shares |
| BANK OF MONTREAL /CAN/ | Added | $186.3m900.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $169.6m820.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $86.4m4.2k shares |
| CIBC WORLD MARKET INC. | Reduced | $82.3m397.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $72.0m348.1k shares |
| Periscope Capital Inc. | Reduced | $50.8m245.5k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $41.4m200.0k shares |
Biggest puts
| SIG North Trading, ULC | Added | $311.2m1.5m shares |
| D. E. Shaw & Co., Inc. | Added | $134.9m652.1k shares |
| BANK OF MONTREAL /CAN/ | Added | $95.2m460.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $85.8m414.7k shares |
| Flat Footed LLC | Added | $79.7m385.0k shares |
| Monaco Asset Management SAM | Added | $51.8m250.1k shares |
| CITADEL ADVISORS LLC | Added | $42.8m206.9k shares |
| Murchinson Ltd. | Reduced | $27.6m133.2k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $27.0m92.0k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $22.4m1.1k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 2.46% of their portfolio | 70.2m $14.5bn | Reduced -1.1m |
| BANK OF MONTREAL /CAN/ 4.55% of their portfolio | 60.6m $12.5bn | Reduced -1.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 42.7m $8.8bn | Added +456.4k |
| FIL Ltd 3.49% of their portfolio | 23.5m $4.9bn | Added +1.4m |
| TD Asset Management Inc 4.12% of their portfolio | 23.0m $4.8bn | Reduced -7.5m |
| NORGES BANK 0.41% of their portfolio | 19.9m $4.1bn | Not comparable |
| MACKENZIE FINANCIAL CORP 5.41% of their portfolio | 18.6m $5.5bn | Reduced -840.9k |
| CIBC WORLD MARKET INC. 6.37% of their portfolio | 18.3m $3.8bn | Reduced -1.6m |
| FMR LLC 0.16% of their portfolio | 17.8m $3.7bn | Added +3.9m |
| 1832 Asset Management L.P. 4.32% of their portfolio | 17.0m $3.5bn | Added +530.9k |
| NATIONAL BANK OF CANADA /FI/ 2.96% of their portfolio | 16.4m $3.4bn | Added +173.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 16.0m $3.4bn | Added +1.7m |
| Federation des caisses Desjardins du Quebec 8.24% of their portfolio | 13.1m $2.7bn | Reduced -374.5k |
| VANGUARD FIDUCIARY TRUST CO 0.57% of their portfolio | 12.4m $2.6bn | Added +88.8k |
| BANK OF NOVA SCOTIA 3.86% of their portfolio | 12.3m $2.5bn | Reduced -450.1k |
| TD Waterhouse Canada Inc. 6.39% of their portfolio | 11.6m $2.4bn | Reduced -238.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.79% of their portfolio | 11.1m $2.3bn | Reduced -1.0m |
| CANADA PENSION PLAN INVESTMENT BOARD 1.26% of their portfolio | 11.0m $2.3bn | Added +1.0m |
| Connor, Clark & Lunn Investment Management Ltd. 4.28% of their portfolio | 10.9m $2.3bn | Added +94.3k |
| Vanguard Global Advisers, LLC 1.04% of their portfolio | 10.7m $2.2bn | Added +894.9k |
| CIBC Asset Management Inc 4.64% of their portfolio | 10.2m $2.1bn | Reduced -265.0k |
| SCOTIA CAPITAL INC. 6.57% of their portfolio | 8.5m $1.8bn | Reduced -386.9k |
| Legal & General Group Plc 0.34% of their portfolio | 8.0m $1.6bn | Reduced -695.0k |
| TORONTO DOMINION BANK 2.72% of their portfolio | 7.9m $1.6bn | Reduced -3.4m |
| Fisher Asset Management, LLC 0.44% of their portfolio | 7.1m $1.5bn | Added +350.8k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 6.9m $1.4bn | Added +3.6k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 5.3m $1.1bn | Added +591.3k |
| MORGAN STANLEY 0.04% of their portfolio | 4.0m $824.8m | Reduced -1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 3.9m $815.3m | Added +127.7k |
| Fiera Capital Corp 2.90% of their portfolio | 3.9m $800.5m | Reduced -347.2k |
| BAILLIE GIFFORD & CO 0.67% of their portfolio | 3.6m $740.2m | Added +3.6m |
| PICTON MAHONEY ASSET MANAGEMENT 6.32% of their portfolio | 3.3m $684.8m | Added +660.7k |
| Assenagon Asset Management S.A. 0.43% of their portfolio | 3.2m $658.0m | Added +3.1m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.44% of their portfolio | 3.2m $653.2m | Added +328.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.91% of their portfolio | 3.1m $635.8m | Reduced -660.8k |
| Public Sector Pension Investment Board 1.64% of their portfolio | 3.0m $625.1m | Added +625.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.69% of their portfolio | 2.8m $588.3m | Added +433.7k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 2.6m $540.5m | Added +35.2k |
| DEUTSCHE BANK AG\ 0.16% of their portfolio | 2.6m $540.0m | Added +193.0k |
| Amundi 0.13% of their portfolio | 2.6m $535.5m | Reduced -221.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio | 2.6m $528.6m | Reduced -92.4k |
| AGF MANAGEMENT LTD 2.03% of their portfolio | 2.2m $522.8m | Reduced -207.2k |
| Beutel, Goodman & Co Ltd. 3.32% of their portfolio | 2.2m $451.3m | Reduced -1.4m |
| OMERS ADMINISTRATION Corp 2.58% of their portfolio | 2.1m $430.7m | Added +1.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.18% of their portfolio | 2.0m $577.1m | Reduced -156.5k |
| FRANKLIN RESOURCES INC 0.09% of their portfolio | 2.0m $412.6m | Reduced -409.1k |
| MUFG SECURITIES (CANADA), LTD. 11.02% of their portfolio | 2.0m $408.8m | Reduced -96.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.48% of their portfolio | 2.0m $405.4m | Added +1.0m |
| Caisse de depot et placement du Quebec 0.51% of their portfolio | 1.7m $360.4m | Reduced -107.9k |
| Invesco Ltd. 0.03% of their portfolio | 1.6m $331.3m | Reduced -1.3m |
| GUARDIAN CAPITAL LP 8.04% of their portfolio | 1.6m $330.4m | Reduced -110.8k |
| Alberta Investment Management Corp 1.87% of their portfolio | 1.6m $323.9m | Reduced -634.8k |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $303.8m | Added +17.1k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.4m $281.1m | Added +88.0k |
| LETKO, BROSSEAU & ASSOCIATES INC 4.15% of their portfolio | 1.4m $280.7m | Reduced -66.9k |
| UBS Group AG 0.04% of their portfolio | 1.3m $264.9m | Added +249.5k |
| AVIVA PLC 0.39% of their portfolio | 1.3m $261.8m | Added +50.8k |
| Clearbridge Investments, LLC 0.21% of their portfolio | 1.3m $259.8m | Reduced -117.5k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 1.2m $252.1m | Added +10.6k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.2m $251.3m | Reduced -852.3k |
| APG Asset Management N.V. 0.52% of their portfolio | 1.2m $212.6m | Added +305.3k |
| Russell Investments Group, Ltd. 0.21% of their portfolio | 1.2m $239.9m | Added +138.1k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 1.0m $215.5m | Added +355.9k |
| Nuveen, LLC 0.05% of their portfolio | 1.0m $210.3m | Added +16.7k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 1.0m $162.9m | Reduced -9.6k |
| Hillsdale Investment Management Inc. 4.74% of their portfolio | 1.0m $207.9m | Reduced -60.2k |
| Scheer, Rowlett & Associates Investment Management Ltd. 14.83% of their portfolio | 997.1k $206.3m | Reduced -43.6k |
| DekaBank Deutsche Girozentrale 0.25% of their portfolio | 945.2k $148.5m | Unchanged |
| Cardinal Capital Management, Inc. 4.46% of their portfolio | 892.5k $184.5m | Reduced -3.2k |
| Dixon Mitchell Investment Counsel Inc. 5.80% of their portfolio | 861.0k $178.3m | Added +48.8k |
| Korea Investment CORP 0.33% of their portfolio | 847.8k $175.5m | Reduced -102.2k |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 819.6k $169.6m | Added +88.0k |
| State of Tennessee, Department of Treasury 0.49% of their portfolio | 796.8k $164.9m | Reduced -1.3k |
| REGIONS FINANCIAL CORP 0.98% of their portfolio | 792.3k $164.0m | Added +26 |
| BCV Asset Management Inc. 4.83% of their portfolio | 780.2k $160.0m | Reduced -14.5k |
| Addenda Capital Inc. 5.99% of their portfolio | 750.8k $220.5m | Added +5.1k |
| CANADA LIFE ASSURANCE Co 0.24% of their portfolio | 742.2k $153.0m | Reduced -28.5k |
| Vanguard Investments Australia, Ltd. 0.37% of their portfolio | 711.2k $147.3m | Added +14.9k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 700.2k $144.9m | Added +628.6k |
| Canoe Financial LP 1.79% of their portfolio | 698.8k $144.6m | Added +5.3k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 689.4k $146.9m | Reduced -37.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.27% of their portfolio | 684.6k $141.7m | Added +50.6k |
| Pictet Asset Management Holding SA 0.12% of their portfolio | 627.6k $129.9m | Reduced -1.2k |
| BANK OF NOVA SCOTIA TRUST CO 9.75% of their portfolio | 568.0k $117.6m | Reduced -45.6k |
| AustralianSuper Pty Ltd 0.50% of their portfolio | 561.7k $116.2m | Added +393.5k |
| INTACT INVESTMENT MANAGEMENT INC. 3.24% of their portfolio | 550.7k $114.0m | Reduced -547.9k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 546.6k $113.2m | Added +88.1k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 535.2k $110.8m | Added +13.1k |
| CIDEL ASSET MANAGEMENT INC 5.19% of their portfolio | 521.1k $107.9m | Reduced -32.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio | 488.7k $101.0m | Reduced -137.5k |
| Capital World Investors 0.01% of their portfolio | 481.5k $99.7m | Reduced -213.4k |
| LAZARD ASSET MANAGEMENT LLC 0.15% of their portfolio | 469.4k $97.1m | Added +123.5k |
| Northwest & Ethical Investments L.P. 2.24% of their portfolio | 464.6k $96.0m | Reduced -30.2k |
| UniSuper Management Pty Ltd 0.67% of their portfolio | 441.8k $129.7m | Added +49.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.18% of their portfolio | 440.3k $91.1m | Reduced -1.8k |
| Clark Capital Management Group, Inc. 0.49% of their portfolio | 432.9k $89.6m | Added +6.5k |
| Guardian Partners Inc. 7.81% of their portfolio | 418.1k $86.6m | Reduced -85.7k |
| J. Safra Sarasin Holding AG 0.99% of their portfolio | 414.3k $68.9m | Reduced -6.1k |
| Rockefeller Capital Management L.P. 0.13% of their portfolio | 410.2k $84.9m | Added +6.2k |
| Mn Services Vermogensbeheer B.V. 0.63% of their portfolio | 407.3k $84.3m | Added +85.0k |