TC ENERGY CORP TRP
COM · Common Stock · CUSIP 87807B107 · ISIN CA87807B1076
- SectorUtilities
- IndustryNatural Gas Transmission
- 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 ($569.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.53. Options: 18 managers hold calls ($144.4m notional), 17 hold puts ($299.7m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 529 |
| Q4 2022 | 541 |
| Q1 2023 | 515 |
| Q2 2023 | 514 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 231 | 241 |
| Q1 2023 | 275 | 197 |
| Q2 2023 | 263 | 194 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $123.4m | $554.6m | 4.49 |
| Q4 2022 | $256.0m | $414.8m | 1.62 |
| Q1 2023 | $104.3m | $289.0m | 2.77 |
| Q2 2023 | $144.4m | $299.7m | 2.08 |
Biggest buyers
| TORONTO DOMINION BANK | Added | +20.6m |
| BANK OF MONTREAL /CAN/ | Added | +6.0m |
| ROYAL BANK OF CANADA | Added | +5.3m |
| MUFG Securities EMEA plc | New | +4.2m |
| Murchinson Ltd. | Added | +3.8m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +3.0m |
| Mondrian Investment Partners LTD | Added | +2.1m |
| Dodge & Cox | Added | +1.8m |
| MACKENZIE FINANCIAL CORP | Added | +1.6m |
| MORGAN STANLEY | Added | +1.5m |
Biggest sellers
| NATIONAL BANK OF CANADA /FI/ | Reduced | -10.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -8.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -5.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -4.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.2m |
| NORGES BANK | Reduced | -2.2m |
| Capital World Investors | Reduced | -1.9m |
| ClearBridge Investments Ltd | Reduced | -1.8m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -1.4m |
| DEUTSCHE BANK AG\ | Reduced | -1.2m |
Biggest calls
| BANK OF AMERICA CORP /DE/ | Unchanged | $36.3m899.0k shares |
| SIG North Trading, ULC | Added | $34.9m864.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $21.4m400.0k shares |
| GOLDMAN SACHS GROUP INC | New | $20.2m500.0k shares |
| JANE STREET GROUP, LLC | Added | $14.4m355.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.3m107.5k shares |
| ROYAL BANK OF CANADA | New | $2.5m61.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m46.6k shares |
| GROUP ONE TRADING LLC | Added | $1.8m45.1k shares |
| Walleye Trading LLC | Added | $1.7m41.6k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $130.8m3.2m shares |
| CIBC WORLD MARKET INC. | Unchanged | $80.9m2.0m shares |
| SIG North Trading, ULC | Reduced | $41.9m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $16.1m300.0k shares |
| Twin Tree Management, LP | Reduced | $14.2m350.5k shares |
| CITADEL ADVISORS LLC | Reduced | $5.0m123.5k shares |
| JANE STREET GROUP, LLC | Added | $2.6m64.8k shares |
| Walleye Trading LLC | Added | $2.3m58.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.0m49.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.6m39.2k 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: BANK OF MONTREAL /CAN/ (3.4%, 2026-08-12), GOLDMAN SACHS GROUP INC (2.4%, 2026-01-30)
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
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 1.16% of their portfolio | 102.4m $4.1bn | Added +5.3m |
| Capital World Investors 0.38% of their portfolio | 49.2m $2.0bn | Reduced -1.9m |
| TORONTO DOMINION BANK 1.38% of their portfolio | 45.0m $1.9bn | Added +20.6m |
| BANK OF MONTREAL /CAN/ 0.82% of their portfolio | 42.0m $2.2bn | Added +6.0m |
| VANGUARD GROUP INC 0.04% of their portfolio | 38.3m $1.5bn | Added +788.2k |
| Capital International Investors 0.34% of their portfolio | 34.9m $1.4bn | Added +461.1k |
| BANK OF NOVA SCOTIA 2.93% of their portfolio | 27.7m $1.1bn | Reduced -944.3k |
| Capital Research Global Investors 0.27% of their portfolio | 25.1m $1.0bn | Reduced -55.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 1.28% of their portfolio | 20.8m $843.0m | Reduced -4.2m |
| MACKENZIE FINANCIAL CORP 1.20% of their portfolio | 19.4m $782.6m | Added +1.6m |
| DEUTSCHE BANK AG\ 0.41% of their portfolio | 19.2m $775.3m | Reduced -1.2m |
| CIBC WORLD MARKET INC. 2.64% of their portfolio | 19.0m $767.1m | Added +130.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.14% of their portfolio | 18.6m $752.5m | Reduced -2.2m |
| 1832 Asset Management L.P. 1.26% of their portfolio | 16.0m $648.5m | Added +462.8k |
| TD Asset Management Inc 0.63% of their portfolio | 13.7m $553.8m | Reduced -338.5k |
| Beutel, Goodman & Co Ltd. 3.09% of their portfolio | 13.6m $550.5m | Added +60.2k |
| JARISLOWSKY, FRASER Ltd 3.27% of their portfolio | 13.6m $549.8m | Added +1.2m |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 13.2m $532.9m | Reduced -8.6m |
| Dodge & Cox 0.33% of their portfolio | 12.1m $489.9m | Added +1.8m |
| NATIONAL BANK OF CANADA /FI/ 0.96% of their portfolio | 11.9m $480.3m | Reduced -10.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 11.7m $474.6m | Reduced -5.4m |
| Murchinson Ltd. 79.64% of their portfolio | 11.6m $619.6m | Added +3.8m |
| FIL Ltd 0.52% of their portfolio | 11.4m $461.0m | Reduced -971.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.76% of their portfolio | 9.7m $392.2m | Reduced -1.4m |
| Legal & General Group Plc 0.12% of their portfolio | 9.4m $380.2m | Added +140.7k |
| NORGES BANK 0.07% of their portfolio | 9.1m $369.4m | Reduced -2.2m |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 7.7m $311.9m | Added +143.0k |
| CIBC Asset Management Inc 1.22% of their portfolio | 7.7m $310.0m | Reduced -91.6k |
| SCOTIA CAPITAL INC. 2.04% of their portfolio | 7.4m $297.1m | Added +481.5k |
| Connor, Clark & Lunn Investment Management Ltd. 1.47% of their portfolio | 7.3m $294.0m | Reduced -354.3k |
| Mondrian Investment Partners LTD 5.35% of their portfolio | 6.6m $267.6m | Added +2.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% of their portfolio | 6.2m $251.8m | Added +3.0m |
| ClearBridge Investments Ltd 6.23% of their portfolio | 5.5m $221.0m | Reduced -1.8m |
| TD Waterhouse Canada Inc. 2.57% of their portfolio | 4.8m $257.9m | Added +286.4k |
| MORGAN STANLEY 0.02% of their portfolio | 4.8m $193.4m | Added +1.5m |
| Alberta Investment Management Corp 1.77% of their portfolio | 4.5m $183.6m | Added +310.6k |
| OMERS ADMINISTRATION Corp 2.76% of their portfolio | 4.4m $177.2m | Unchanged |
| MUFG Securities EMEA plc 1.44% of their portfolio | 4.2m $226.7m | New |
| FEDERATED HERMES, INC. 0.40% of their portfolio | 3.9m $159.3m | Added +676.7k |
| Swiss National Bank 0.11% of their portfolio | 3.8m $155.0m | Reduced -233.7k |
| M&G INVESTMENT MANAGEMENT LTD 0.86% of their portfolio | 3.6m $144.4m | Reduced -433.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.6m $145.7m | Added +208.5k |
| Amundi 0.07% of their portfolio | 3.4m $139.4m | Added +281.8k |
| Caisse de depot et placement du Quebec 0.28% of their portfolio | 2.6m $106.7m | Added +154.5k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 2.5m $100.6m | Added +305.3k |
| Invesco Ltd. 0.03% of their portfolio | 2.4m $98.8m | Reduced -2.7k |
| Cardinal Capital Management, Inc. 4.93% of their portfolio | 2.4m $98.4m | Added +56.5k |
| MONTRUSCO BOLTON INVESTMENTS INC. 1.48% of their portfolio | 2.4m $95.8m | Reduced -19.8k |
| INTACT INVESTMENT MANAGEMENT INC. 3.86% of their portfolio | 2.3m $94.8m | Reduced -331.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 2.2m $87.4m | Reduced -430.4k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 1.31% of their portfolio | 2.1m $85.7m | Reduced -29.1k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 2.0m $81.8m | Added +21.4k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 2.43% of their portfolio | 2.0m $80.6m | Reduced -324.2k |
| Mirae Asset Global Investments Co., Ltd. 0.17% of their portfolio | 2.0m $80.6m | Reduced -116.7k |
| RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio | 1.9m $78.3m | Added +192.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.9m $77.8m | Added +885.0k |
| Scheer, Rowlett & Associates Investment Management Ltd. 6.03% of their portfolio | 1.9m $75.4m | Added +58.4k |
| GUARDIAN CAPITAL LP 2.19% of their portfolio | 1.7m $68.5m | Added +64.8k |
| Federation des caisses Desjardins du Quebec 0.68% of their portfolio | 1.6m $68.9m | Added +306.7k |
| Maryland State Retirement & Pension System 1.25% of their portfolio | 1.5m $59.3m | Added +12.8k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 1.5m $58.9m | Reduced -14.0k |
| Brookfield Corp /ON/ 0.22% of their portfolio | 1.4m $56.0m | Reduced -66.5k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 1.3m $54.3m | Added +14.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.3m $53.9m | Added +154.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.3m $53.6m | Added +399.6k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 1.3m $53.3m | Added +31.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $50.1m | Added +51.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.61% of their portfolio | 1.2m $50.1m | Added +2.0k |
| Fiera Capital Corp 0.14% of their portfolio | 1.2m $48.5m | Reduced -4.9k |
| Energy Income Partners, LLC 1.00% of their portfolio | 1.2m $47.2m | Reduced -28.2k |
| AGF MANAGEMENT LTD 0.34% of their portfolio | 1.2m $46.6m | Added +163.3k |
| REAVES W H & CO INC 1.71% of their portfolio | 1.1m $46.5m | Unchanged |
| Addenda Capital Inc. 2.46% of their portfolio | 1.1m $58.6m | Reduced -19.3k |
| Capital Group Private Client Services, Inc. 0.51% of their portfolio | 1.1m $42.9m | Added +120.8k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 1.1m $42.9m | Reduced -272.2k |
| QV Investors Inc. 3.76% of their portfolio | 1.0m $41.7m | Reduced -26.0k |
| BlackRock Inc. 0.00% of their portfolio | 1.0m $41.5m | Added +15.5k |
| LPL Financial LLC 0.03% of their portfolio | 957.6k $38.7m | Added +186.3k |
| CIDEL ASSET MANAGEMENT INC 1.73% of their portfolio | 943.9k $38.2m | Reduced -25.7k |
| CIBC Private Wealth Group LLC 0.04% of their portfolio | 920.2k $37.2m | Added +11.9k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 4.26% of their portfolio | 914.4k $37.0m | Added +34.3k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 887.5k $35.9m | Added +332.9k |
| AVIVA PLC 0.15% of their portfolio | 881.7k $35.7m | Reduced -535.7k |
| EXCHANGE TRADED CONCEPTS, LLC 0.88% of their portfolio | 880.2k $35.6m | Added +880.0k |
| Tortoise Index Solutions, LLC 7.26% of their portfolio | 880.0k $35.6m | Reduced -98.7k |
| BANK OF NOVA SCOTIA TRUST CO 3.70% of their portfolio | 877.1k $35.4m | Added +13.8k |
| UBS Group AG 0.01% of their portfolio | 733.9k $29.7m | Reduced -16.4k |
| Northwest & Ethical Investments L.P. 0.90% of their portfolio | 696.9k $28.2m | Added +10.6k |
| UniSuper Management Pty Ltd 0.39% of their portfolio | 634.0k $33.9m | First filing |
| Nexus Investment Management ULC 2.74% of their portfolio | 622.8k $25.2m | Added +7.4k |
| NICOLA WEALTH MANAGEMENT LTD. 2.40% of their portfolio | 604.4k $24.4m | Reduced -984.0k |
| HENNESSY ADVISORS INC 1.71% of their portfolio | 587.6k $23.7m | Reduced -17.5k |
| SIG North Trading, ULC 12.87% of their portfolio | 586.2k $23.7m | Reduced -5.2k |
| State of Tennessee, Department of Treasury 0.10% of their portfolio | 583.6k $23.6m | New |
| Heathbridge Capital Management Ltd. 9.88% of their portfolio | 561.2k $22.7m | Reduced -12.2k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 560.3k $22.7m | Added +7.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 530.8k $21.5m | Added +17.3k |
| Partners Group Holding AG 1.78% of their portfolio | 528.8k $21.4m | Reduced -3.3k |
| MILLER HOWARD INVESTMENTS INC /NY 0.73% of their portfolio | 504.4k $20.4m | Added +11.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 501.1k $20.3m | Reduced -290.8k |