TFI INTL INC TFII
COM · Common Stock · CUSIP 87241L109 · ISIN CA87241L1094
- SectorIndustrials
- IndustryTrucking & Courier Services (No Air)
- FilingsSEC EDGAR
* 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 ($49.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $145.04. Options: 9 managers hold calls ($27.8m notional), 10 hold puts ($17.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 215 |
| Q4 2022 | 228 |
| Q1 2023 | 250 |
| Q2 2023 | 250 |
| Q3 2023 | 262 |
| Q4 2023 | 257 |
| Q1 2024 | 289 |
| Q2 2024 | 273 |
| Q3 2024 | 291 |
| Q4 2024 | 296 |
| Q1 2025 | 258 |
| Q2 2025 | 256 |
| Q3 2025 | 236 |
| Q4 2025 | 234 |
| Q1 2026 | 250 |
| Q2 2026 | 292 |
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 | 139 | 118 |
| Q4 2024 | 133 | 135 |
| Q1 2025 | 135 | 156 |
| Q2 2025 | 141 | 112 |
| Q3 2025 | 106 | 138 |
| Q4 2025 | 110 | 119 |
| Q1 2026 | 124 | 106 |
| Q2 2026 | 170 | 109 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $26.4m | $18.9m | 0.72 |
| Q4 2025 | $38.8m | $14.9m | 0.39 |
| Q1 2026 | $19.9m | $22.2m | 1.12 |
| Q2 2026 | $27.8m | $17.2m | 0.62 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +864.8k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +720.2k |
| MACKENZIE FINANCIAL CORP | Added | +582.0k |
| ROYAL BANK OF CANADA | Added | +383.6k |
| BESSEMER GROUP INC | Added | +354.5k |
| CITADEL ADVISORS LLC | Added | +335.9k |
| BCV Asset Management Inc. | Added | +258.4k |
| Qube Research & Technologies Ltd | New | +243.9k |
| Hood River Capital Management LLC | New | +230.8k |
| D. E. Shaw & Co., Inc. | Added | +226.1k |
Biggest sellers
| 1832 Asset Management L.P. | Reduced | -1.8m |
| TURTLE CREEK ASSET MANAGEMENT INC. | Reduced | -901.6k |
| Caisse de depot et placement du Quebec | Reduced | -825.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -723.0k |
| Clearbridge Investments, LLC | Reduced | -575.1k |
| Federation des caisses Desjardins du Quebec | Reduced | -364.8k |
| Turas Capital Management LP | Reduced | -335.1k |
| BAILLIE GIFFORD & CO | Reduced | -324.0k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -299.0k |
| FIL Ltd | Reduced | -202.8k |
Biggest calls
| SIG North Trading, ULC | Added | $19.5m135.6k shares |
| ROYAL BANK OF CANADA | Reduced | $3.3m23.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.9m13.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.9m12.9k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $460.6k32 shares |
| JANE STREET GROUP, LLC | Reduced | $330.8k2.3k shares |
| IMC-Chicago, LLC | Reduced | $244.1k1.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $86.1k600 shares |
| BANK OF MONTREAL /CAN/ | Reduced | $43.1k300 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.9m20.0k shares |
| SIG North Trading, ULC | Reduced | $2.4m16.7k shares |
| CIBC WORLD MARKET INC. | Reduced | $2.3m16.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.3m16.2k shares |
| CITADEL ADVISORS LLC | Added | $2.1m14.5k shares |
| JANE STREET GROUP, LLC | Added | $2.0m13.7k shares |
| ROYAL BANK OF CANADA | New | $1.4m10.0k shares |
| Walleye Trading LLC | New | $789.6k5.5k shares |
| IMC-Chicago, LLC | New | $660.4k4.6k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $331.0k23 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 13G · passive investor +1.7 pts · filed 2026-02-13 | 8.6% |
| FIL Ltd 13G · institution -1.1 pts · filed 2026-05-06 | 5.8% |
Fell to 5% or below in the last year: 1832 Asset Management L.P. (2.7%, 2026-08-12)
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 |
|---|---|---|
| Caisse de depot et placement du Quebec 1.30% of their portfolio | 6.3m $911.0m | Reduced -825.5k |
| FIL Ltd 0.47% of their portfolio | 4.6m $659.2m | Reduced -202.8k |
| Jupiter Topco LLC 0.21% of their portfolio | 3.6m $515.3m | First filing |
| FMR LLC 0.02% of their portfolio | 3.5m $509.3m | Reduced -113.8k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 3.5m $496.2m | Added +383.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 2.3m $325.2m | Reduced -10.7k |
| 1832 Asset Management L.P. 0.39% of their portfolio | 2.2m $315.5m | Reduced -1.8m |
| Federation des caisses Desjardins du Quebec 0.80% of their portfolio | 1.8m $262.5m | Reduced -364.8k |
| Maple Rock Capital Partners Inc. 3.99% of their portfolio | 1.4m $203.6m | Added +56.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio | 1.3m $189.3m | Reduced -723.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 1.3m $188.9m | Added +864.8k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 1.3m $183.6m | Added +86.8k |
| MACKENZIE FINANCIAL CORP 0.23% of their portfolio | 1.1m $234.7m | Added +582.0k |
| NATIONAL BANK OF CANADA /FI/ 0.14% of their portfolio | 1.1m $158.3m | Reduced -299.0k |
| NORGES BANK 0.01% of their portfolio | 1.0m $149.9m | Not comparable |
| Connor, Clark & Lunn Investment Management Ltd. 0.26% of their portfolio | 950.3k $136.7m | Added +720.2k |
| Dixon Mitchell Investment Counsel Inc. 3.90% of their portfolio | 833.7k $120.0m | Reduced -50.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 814.8k $116.8m | Added +84.2k |
| MORGAN STANLEY 0.01% of their portfolio | 704.9k $101.2m | Added +184.3k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 683.0k $98.3m | Reduced -2.1k |
| CIBC Asset Management Inc 0.21% of their portfolio | 648.8k $93.6m | Added +213.8k |
| CIBC WORLD MARKET INC. 0.16% of their portfolio | 643.2k $92.5m | Added +13.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 610.5k $87.6m | Added +219.7k |
| BAILLIE GIFFORD & CO 0.07% of their portfolio | 572.3k $82.3m | Reduced -324.0k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 570.5k $81.7m | Added +4.9k |
| TD Asset Management Inc 0.07% of their portfolio | 547.9k $78.8m | Added +11.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 426.5k $61.3m | Reduced -31.3k |
| Legal & General Group Plc 0.01% of their portfolio | 419.9k $60.4m | Reduced -33.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 400.4k $57.5m | Added +113.1k |
| Baskin Financial Services Inc. 4.49% of their portfolio | 397.1k $57.1m | Reduced -24.1k |
| BESSEMER GROUP INC 0.08% of their portfolio | 379.6k $54.6m | Added +354.5k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 373.9k $53.7m | Added +335.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 350.4k $50.6m | Added +10.6k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 330.1k $47.5m | Added +15.9k |
| TORONTO DOMINION BANK 0.08% of their portfolio | 326.3k $46.9m | Added +178.8k |
| Hauser Brothers GmbH 54.71% of their portfolio | 316.4k $45.4m | Reduced -10.5k |
| QV Investors Inc. 3.50% of their portfolio | 316.0k $45.5m | Reduced -85.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 302.1k $43.4m | Added +113.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 288.5k $41.5m | Added +8.3k |
| Schonfeld Strategic Advisors LLC 0.20% of their portfolio | 268.7k $38.6m | Added +213.0k |
| BCV Asset Management Inc. 1.16% of their portfolio | 266.4k $38.5m | Added +258.4k |
| CDAM (UK) Ltd 9.43% of their portfolio | 254.6k $36.5m | Reduced -140.0k |
| Swiss National Bank 0.02% of their portfolio | 252.3k $36.2m | Reduced -10.8k |
| TD Waterhouse Canada Inc. 0.09% of their portfolio | 250.0k $34.2m | Added +23.6k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 243.9k $35.0m | New |
| SCOTIA CAPITAL INC. 0.13% of their portfolio | 239.0k $34.1m | Reduced -110.8k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 238.7k $34.3m | Added +226.1k |
| Hood River Capital Management LLC 0.24% of their portfolio | 230.8k $33.1m | New |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 225.0k $32.3m | Reduced -6.8k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.47% of their portfolio | 211.3k $30.4m | Reduced -26.9k |
| Scheer, Rowlett & Associates Investment Management Ltd. 2.15% of their portfolio | 208.4k $30.0m | Reduced -33.8k |
| PICTON MAHONEY ASSET MANAGEMENT 0.24% of their portfolio | 182.5k $26.2m | New |
| TURTLE CREEK ASSET MANAGEMENT INC. 1.02% of their portfolio | 181.4k $26.0m | Reduced -901.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 167.6k $24.1m | Added +130.9k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 161.9k $23.3m | Added +157.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio | 155.6k $22.4m | Added +15.1k |
| BARCLAYS PLC 0.01% of their portfolio | 151.9k $21.8m | Added +49.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 149.7k $21.5m | Added +15.2k |
| Hill City Capital, LP 0.49% of their portfolio | 145.0k $20.8m | Unchanged |
| Nicholas Investment Partners, LP 1.14% of their portfolio | 141.2k $20.3m | Added +7.6k |
| Baird Financial Group, Inc. 0.03% of their portfolio | 141.1k $20.3m | New |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 1.17% of their portfolio | 136.6k $17.2m | Added +68.4k |
| Northwest & Ethical Investments L.P. 0.45% of their portfolio | 135.7k $19.5m | Reduced -42.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 129.3k $26.4m | Reduced -26.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 123.8k $17.8m | Added +8.8k |
| Addenda Capital Inc. 0.66% of their portfolio | 118.5k $24.3m | Reduced -16.8k |
| Waratah Capital Advisors Ltd. 1.14% of their portfolio | 103.4k $14.8m | New |
| BlackRock, Inc. 0.00% of their portfolio | 99.9k $14.3m | Added +1.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 97.2k $14.0m | Added +20.7k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 95.5k $13.8m | Reduced -14.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.09% of their portfolio | 95.2k $13.7m | Added +29.2k |
| Invesco Ltd. 0.00% of their portfolio | 94.8k $13.6m | Reduced -36.6k |
| INTACT INVESTMENT MANAGEMENT INC. 0.39% of their portfolio | 94.6k $13.6m | Added +19.0k |
| Nuveen, LLC 0.00% of their portfolio | 85.5k $12.3m | Added +2.3k |
| River Road Asset Management, LLC 0.13% of their portfolio | 81.7k $11.7m | Added +4.1k |
| Polar Capital Holdings Plc 0.03% of their portfolio | 77.8k $10.0m | New |
| Aviso Financial Inc. 0.38% of their portfolio | 76.5k $11.0m | Reduced -6.1k |
| Triasima Portfolio Management inc. 1.41% of their portfolio | 72.8k $10.5m | Added +4.0k |
| Amundi 0.00% of their portfolio | 70.1k $10.1m | Added +1.8k |
| 4D Advisors, LLC 3.86% of their portfolio | 70.0k $10.0m | New |
| KENNEDY CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 66.9k $9.6m | Reduced -11.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 65.2k $9.4m | Reduced -8.4k |
| SIG North Trading, ULC 1.71% of their portfolio | 65.1k $9.3m | Added +33.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 62.6k $9.0m | Added +53.8k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 61.4k $8.8m | New |
| Korea Investment CORP 0.02% of their portfolio | 60.3k $8.7m | Added +52.1k |
| Turas Capital Management LP 3.91% of their portfolio | 59.3k $8.5m | Reduced -335.1k |
| Norwood Investment Partners, LP 11.44% of their portfolio | 57.7k $8.3m | Reduced -6.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 57.3k $8.2m | Added +30.0k |
| K.J. Harrison & Partners Inc 1.14% of their portfolio | 55.9k $8.0m | Reduced -2.4k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 55.5k $8.0m | Reduced -575.1k |
| Purpose Unlimited Inc. 0.30% of their portfolio | 53.6k $7.7m | Added +2.6k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 49.9k $7.2m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 49.8k $7.1m | New |
| CIDEL ASSET MANAGEMENT INC 0.34% of their portfolio | 49.1k $7.1m | Added +1.0k |
| NICOLA WEALTH MANAGEMENT LTD. 0.77% of their portfolio | 46.7k $6.7m | Reduced -64.9k |
| Quantinno Capital Management LP 0.01% of their portfolio | 45.9k $6.6m | Added +5.8k |
| AVIVA PLC 0.01% of their portfolio | 44.0k $6.3m | Added +575 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 43.3k $6.2m | Added +3.3k |
| Quantbot Technologies LP 0.24% of their portfolio | 42.7k $6.1m | Added +42.1k |