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 ($543.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.21. Options: 21 managers hold calls ($310.9m notional), 18 hold puts ($418.1m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 529 |
| Q4 2022 | 541 |
| Q1 2023 | 515 |
| Q2 2023 | 514 |
| Q3 2023 | 504 |
| Q4 2023 | 521 |
| Q1 2024 | 518 |
| Q2 2024 | 531 |
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 |
| Q3 2023 | 228 | 237 |
| Q4 2023 | 203 | 265 |
| Q1 2024 | 233 | 238 |
| Q2 2024 | 234 | 246 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $230.6m | $186.0m | 0.81 |
| Q4 2023 | $287.8m | $217.2m | 0.75 |
| Q1 2024 | $286.8m | $2.8bn | 9.75 |
| Q2 2024 | $310.9m | $418.1m | 1.34 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +11.9m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +10.1m |
| JPMORGAN CHASE & CO | Added | +3.5m |
| NATIONAL BANK OF CANADA /FI/ | Added | +3.3m |
| Merewether Investment Management, LP | New | +3.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | New | +2.7m |
| Cardinal Capital Management, Inc. | Added | +2.6m |
| MARSHALL WACE, LLP | Added | +1.8m |
| Federation des caisses Desjardins du Quebec | Added | +1.4m |
| Point72 Asset Management, L.P. | New | +1.3m |
Biggest sellers
| Capital World Investors | Reduced | -26.5m |
| MORGAN STANLEY | Reduced | -14.7m |
| Murchinson Ltd. | Reduced | -8.7m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -7.7m |
| BANK OF MONTREAL /CAN/ | Reduced | -6.9m |
| BANK OF NOVA SCOTIA | Reduced | -5.4m |
| 1832 Asset Management L.P. | Reduced | -4.9m |
| Capital Research Global Investors | Reduced | -3.5m |
| Capital International Investors | Reduced | -2.9m |
| FIL Ltd | Reduced | -2.8m |
Biggest calls
| ROYAL BANK OF CANADA | Added | $81.9m2.2m shares |
| D. E. Shaw & Co., Inc. | Added | $51.8m1.4m shares |
| SIG North Trading, ULC | Added | $46.5m1.2m shares |
| JANE STREET GROUP, LLC | Added | $43.5m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $41.5m800.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $15.2m400.0k shares |
| CITADEL ADVISORS LLC | Added | $9.1m239.7k shares |
| HSBC HOLDINGS PLC | Unchanged | $4.7m125.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.1m109.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.3m87.6k shares |
Biggest puts
| ROYAL BANK OF CANADA | Reduced | $163.8m4.3m shares |
| SIG North Trading, ULC | Added | $83.7m2.2m shares |
| JANE STREET GROUP, LLC | Added | $61.0m1.6m shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $36.3m700.0k shares |
| D. E. Shaw & Co., Inc. | Added | $33.0m870.8k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $15.2m400.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.8m205.5k shares |
| Walleye Capital LLC | Added | $4.6m122.5k shares |
| SIMPLEX TRADING, LLC | Added | $3.0m80.4k shares |
| Walleye Trading LLC | Reduced | $2.7m72.4k 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 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
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.85% of their portfolio | 93.4m $3.5bn | Reduced -158.5k |
| Capital Research Global Investors 0.45% of their portfolio | 53.7m $2.0bn | Reduced -3.5m |
| Capital International Investors 0.40% of their portfolio | 51.8m $2.0bn | Reduced -2.9m |
| BANK OF MONTREAL /CAN/ 0.60% of their portfolio | 50.9m $2.0bn | Reduced -6.9m |
| VANGUARD GROUP INC 0.03% of their portfolio | 42.1m $1.6bn | Added +1.1m |
| CIBC WORLD MARKET INC. 2.81% of their portfolio | 29.8m $1.1bn | Reduced -2.1m |
| BANK OF NOVA SCOTIA 2.06% of their portfolio | 27.7m $1.0bn | Reduced -5.4m |
| GOLDMAN SACHS GROUP INC 0.19% of their portfolio | 25.2m $954.2m | Added +11.9m |
| TORONTO DOMINION BANK 1.47% of their portfolio | 24.1m $913.8m | Added +1.2m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 20.8m $788.8m | Added +3.5m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.72% of their portfolio | 19.5m $737.6m | Added +10.1m |
| TD Asset Management Inc 0.58% of their portfolio | 16.4m $620.4m | Reduced -394.0k |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 16.3m $618.6m | Reduced -221.1k |
| MACKENZIE FINANCIAL CORP 0.87% of their portfolio | 15.5m $586.4m | Added +10.5k |
| 1832 Asset Management L.P. 1.02% of their portfolio | 14.9m $562.9m | Reduced -4.9m |
| FIL Ltd 0.53% of their portfolio | 14.2m $537.6m | Reduced -2.8m |
| NATIONAL BANK OF CANADA /FI/ 0.80% of their portfolio | 13.6m $513.3m | Added +3.3m |
| JARISLOWSKY, FRASER Ltd 2.90% of their portfolio | 12.6m $477.3m | Reduced -166.5k |
| Beutel, Goodman & Co Ltd. 2.48% of their portfolio | 12.3m $465.7m | Reduced -1.2m |
| Dodge & Cox 0.27% of their portfolio | 11.9m $449.5m | Unchanged |
| Capital World Investors 0.06% of their portfolio | 10.4m $394.4m | Reduced -26.5m |
| Legal & General Group Plc 0.10% of their portfolio | 9.7m $366.1m | Reduced -43.4k |
| MUFG SECURITIES (CANADA), LTD. 23.66% of their portfolio | 9.5m $358.9m | Reduced -530.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.05% of their portfolio | 9.4m $355.8m | Reduced -7.7m |
| CIBC Asset Management Inc 1.15% of their portfolio | 8.5m $322.6m | Added +214.7k |
| NORGES BANK 0.05% of their portfolio | 8.5m $322.5m | Reduced -184.0k |
| SCOTIA CAPITAL INC. 1.88% of their portfolio | 8.5m $321.5m | Added +86.3k |
| MORGAN STANLEY 0.02% of their portfolio | 8.2m $309.1m | Reduced -14.7m |
| Mondrian Investment Partners LTD 6.14% of their portfolio | 6.8m $398.8m | Reduced -2.3m |
| Cardinal Capital Management, Inc. 7.38% of their portfolio | 5.1m $192.0m | Added +2.6m |
| TD Waterhouse Canada Inc. 1.64% of their portfolio | 4.9m $183.2m | Added +40.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.4m $166.7m | Added +194.3k |
| Murchinson Ltd. 31.75% of their portfolio | 3.9m $147.9m | Reduced -8.7m |
| Amundi 0.05% of their portfolio | 3.7m $142.4m | Added +34.1k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.92% of their portfolio | 3.6m $136.1m | Added +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 3.6m $135.6m | Added +709.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 3.5m $132.5m | Reduced -55.5k |
| Alberta Investment Management Corp 1.37% of their portfolio | 3.4m $129.8m | Reduced -445.0k |
| Federation des caisses Desjardins du Quebec 0.66% of their portfolio | 3.2m $122.2m | Added +1.4m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.29% of their portfolio | 3.2m $119.9m | First filing |
| Swiss National Bank 0.08% of their portfolio | 3.1m $117.9m | Reduced -19.2k |
| FEDERATED HERMES, INC. 0.28% of their portfolio | 3.1m $117.5m | Reduced -261.5k |
| Merewether Investment Management, LP 5.94% of their portfolio | 3.0m $112.6m | New |
| Invesco Ltd. 0.02% of their portfolio | 2.8m $105.6m | Added +417.2k |
| M&G PLC 0.61% of their portfolio | 2.7m $103.5m | Reduced -65.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.7m $102.9m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio | 2.7m $101.3m | Reduced -304.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.42% of their portfolio | 2.6m $100.2m | Reduced -696.7k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 2.5m $95.9m | Added +155.5k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 2.52% of their portfolio | 2.5m $93.8m | Reduced -3.3k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 2.5m $93.2m | Reduced -33.3k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 1.10% of their portfolio | 2.2m $82.9m | Added +403 |
| MARSHALL WACE, LLP 0.11% of their portfolio | 2.0m $77.3m | Added +1.8m |
| Scheer, Rowlett & Associates Investment Management Ltd. 5.90% of their portfolio | 2.0m $77.1m | Reduced -11.9k |
| Brookfield Corp /ON/ 0.45% of their portfolio | 1.9m $72.3m | Added +814.3k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.8m $68.0m | Added +65.3k |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 1.7m $63.6m | Reduced -24.6k |
| Capital Group Private Client Services, Inc. 0.59% of their portfolio | 1.5m $58.7m | Reduced -49.6k |
| Energy Income Partners, LLC 1.30% of their portfolio | 1.5m $58.3m | Added +143.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.5m $58.1m | Reduced -22.6k |
| WESTWOOD HOLDINGS GROUP INC 0.27% of their portfolio | 1.5m $57.8m | Added +1.3m |
| TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio | 1.5m $57.6m | Added +391.2k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.5m $59.5m | Reduced -120.6k |
| INTACT INVESTMENT MANAGEMENT INC. 1.92% of their portfolio | 1.4m $51.2m | Added +188.8k |
| Point72 Asset Management, L.P. 0.16% of their portfolio | 1.3m $50.3m | New |
| AVIVA PLC 0.14% of their portfolio | 1.3m $50.2m | Added +283.6k |
| Maryland State Retirement & Pension System 0.92% of their portfolio | 1.3m $50.1m | Added +19.1k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 5.79% of their portfolio | 1.3m $47.7m | Reduced -12.4k |
| Yaupon Capital Management LP 4.15% of their portfolio | 1.2m $46.5m | Added +670.4k |
| BlackRock Inc. 0.00% of their portfolio | 1.2m $45.8m | Added +66.6k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 1.2m $44.1m | Reduced -98.9k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 1.1m $41.9m | Reduced -59.8k |
| ClearBridge Investments Ltd 1.21% of their portfolio | 1.1m $41.6m | Reduced -30.5k |
| EXCHANGE TRADED CONCEPTS, LLC 1.03% of their portfolio | 1.1m $40.4m | Added +187.1k |
| Addenda Capital Inc. 2.17% of their portfolio | 1.1m $55.5m | Reduced -22.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.0m $39.2m | New |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.50% of their portfolio | 1.0m $39.2m | Added +147.5k |
| AGF MANAGEMENT LTD 0.27% of their portfolio | 1.0m $49.2m | Reduced -214.8k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 994.3k $37.7m | Added +91.9k |
| UBS Group AG 0.01% of their portfolio | 977.4k $37.0m | Added +230.2k |
| SIG North Trading, ULC 8.53% of their portfolio | 866.4k $32.8m | Added +760.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 863.2k $32.7m | Reduced -25.2k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 2.58% of their portfolio | 856.7k $32.5m | Added +249.0k |
| Fiera Capital Corp 0.10% of their portfolio | 852.2k $32.3m | Reduced -217.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 848.6k $32.2m | Added +4.3k |
| QV Investors Inc. 3.01% of their portfolio | 846.0k $32.1m | Reduced -93.9k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 837.4k $31.7m | New |
| LPL Financial LLC 0.02% of their portfolio | 830.9k $31.5m | Reduced -35.6k |
| NFJ INVESTMENT GROUP, LLC 0.95% of their portfolio | 816.4k $30.9m | Reduced -3.7k |
| BANK OF NOVA SCOTIA TRUST CO 3.33% of their portfolio | 787.2k $29.8m | Reduced -1.6k |
| Aventail Capital Group, LP 2.04% of their portfolio | 771.0k $29.2m | Added +734.9k |
| REAVES W H & CO INC 0.93% of their portfolio | 730.0k $27.7m | Reduced -450.0k |
| Blackstone Inc. 0.11% of their portfolio | 681.3k $25.8m | Added +75.1k |
| Partners Group Holding AG 1.95% of their portfolio | 672.1k $25.8m | Added +178.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.15% of their portfolio | 665.1k $25.2m | Reduced -745.8k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 657.5k $24.9m | Reduced -569.5k |
| MILLER HOWARD INVESTMENTS INC /NY 0.83% of their portfolio | 656.6k $24.9m | Added +131.4k |
| Nexus Investment Management ULC 2.52% of their portfolio | 632.3k $24.0m | Added +15.8k |
| HENNESSY ADVISORS INC 0.88% of their portfolio | 614.4k $23.3m | Added +27.1k |
| State of Tennessee, Department of Treasury 0.08% of their portfolio | 600.9k $22.8m | Added +17.3k |