Vault-13

THOMSON REUTERS CORP

COM · CUSIP 884903808 · ISIN CA8849038085

439 institutional holders +40 vs Q3 2023
90,073,50990.1m shares reported held*
$13.2bnreported value*
52 new 132 added 157 reduced 35 sold out net sold ≈ $46.8m (-228.9k 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 ($62.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $146.54. Options: 13 managers hold calls ($68.4m notional), 7 hold puts ($12.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 2Q4 22: 4Q1 23: 3Q2 23: 382Q3 23: 399Q4 23: 439439Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20222
Q4 20224
Q1 20233
Q2 2023382
Q3 2023399
Q4 2023439

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 1 bought or addedQ4 22: 0 cut or sold outQ4 22Q1 23: 0 bought or addedQ1 23: 2 cut or sold outQ1 23Q2 23: 365 bought or addedQ2 23: 2 cut or sold outQ2 23Q3 23: 175 bought or addedQ3 23: 193 cut or sold outQ3 23Q4 23: 184 bought or addedQ4 23: 192 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210
Q1 202302
Q2 20233652
Q3 2023175193
Q4 2023184192

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $67.3mQ2 23 puts: $29.5mQ2 23P/C 0.44Q3 23 calls: $58.8mQ3 23 puts: $31.0mQ3 23P/C 0.53Q4 23 calls: $68.4mQ4 23 puts: $12.3mQ4 23P/C 0.18
Numbers
QuarterCallsPutsP/C
Q1 2023$0$0—
Q2 2023$67.3m$29.5m0.44
Q3 2023$58.8m$31.0m0.53
Q4 2023$68.4m$12.3m0.18

Biggest buyers

JPMORGAN CHASE & CO Added +1,868,445+1.9m
MORGAN STANLEY Added +1,023,400+1.0m
TD Asset Management Inc Added +884,572+884.6k
FMR LLC Added +598,205+598.2k
FIL Ltd Added +445,444+445.4k
CITADEL ADVISORS LLC Added +393,834+393.8k
GOLDMAN SACHS GROUP INC Added +338,896+338.9k
Nuveen Asset Management, LLC New +287,826+287.8k
Clearbridge Investments, LLC Added +258,272+258.3k
AXA S.A. Added +154,340+154.3k

Biggest sellers

MACKENZIE FINANCIAL CORP Reduced -1,642,130-1.6m
TORONTO DOMINION BANK Reduced -1,285,449-1.3m
WCM INVESTMENT MANAGEMENT, LLC Reduced -577,025-577.0k
FIRST TRUST ADVISORS LP Reduced -512,598-512.6k
BANK OF MONTREAL /CAN/ Reduced -380,374-380.4k
Balyasny Asset Management L.P. Reduced -375,429-375.4k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -349,785-349.8k
Connor, Clark & Lunn Investment Management Ltd. Reduced -254,488-254.5k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Reduced -254,478-254.5k
ROYAL BANK OF CANADA Reduced -249,636-249.6k

Biggest calls

BANK OF MONTREAL /CAN/ Unchanged $17.6m120.0k shares
ROYAL BANK OF CANADA Added $16.5m112.8k shares
Twin Tree Management, LP Added $14.3m97.7k shares
D. E. Shaw & Co., Inc. Added $11.4m77.8k shares
CIBC WORLD MARKET INC. Reduced $3.4m23.0k shares
CITADEL ADVISORS LLC Reduced $1.7m11.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m10.3k shares
PEAK6 Investments LLC Reduced $1.1m7.7k shares
Walleye Trading LLC Added $394.8k2.7k shares
WOLVERINE TRADING, LLC Reduced $263.2k1.8k shares

Biggest puts

Walleye Trading LLC Reduced $7.1m48.8k shares
CITADEL ADVISORS LLC Added $3.1m21.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m8.7k shares
GROUP ONE TRADING LLC Unchanged $438.7k3.0k shares
WOLVERINE TRADING, LLC New $321.7k2.2k shares
SIMPLEX TRADING, LLC Reduced $59.0k1.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.47% of their portfolio TORONTO, A6 13,088,09513.1m $1.9bn $1.9bn 0.47% Reduced -249.6k -249,636
2 FMR LLC 0.07% of their portfolio BOSTON, MA 6,255,4496.3m $914.6m $914.6m 0.07% Added +598.2k +598,205
3 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 5,698,1785.7m $833.2m $833.2m 0.02% Added +52.1k +52,138
4 BANK OF MONTREAL /CAN/ 0.26% of their portfolio TORONTO, A6 5,508,1315.5m $805.8m $805.8m 0.26% Reduced -380.4k -380,374
5 FIL Ltd 0.77% of their portfolio HAMILTON, D0 4,994,2995.0m $730.2m $730.2m 0.77% Added +445.4k +445,444
6 MACKENZIE FINANCIAL CORP 1.01% of their portfolio TORONTO ONTARIO, A6 4,598,5214.6m $672.7m $672.7m 1.01% Reduced -1.6m -1,642,130
7 JARISLOWSKY, FRASER Ltd 3.72% of their portfolio MONTREAL, A8 4,303,5914.3m $632.3m $632.3m 3.72% Reduced -154.1k -154,059
8 TD Asset Management Inc 0.54% of their portfolio Toronto, A6 3,752,4723.8m $551.3m $551.3m 0.54% Added +884.6k +884,572
9 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.33% of their portfolio Toronto, A6 3,739,0333.7m $546.9m $546.9m 0.33% Reduced -349.8k -349,785
10 Fiera Capital Corp 1.29% of their portfolio MONTREAL, A8 2,865,2002.9m $420.3m $420.3m 1.29% Reduced -6.8k -6,840
11 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 2,754,8642.8m $402.8m $402.8m 0.02% Added +1.9m +1,868,445
12 Connor, Clark & Lunn Investment Management Ltd. 1.54% of their portfolio VANCOUVER, A1 2,259,0632.3m $330.3m $330.3m 1.54% Reduced -254.5k -254,488
13 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,128,4702.1m $311.2m $311.2m 0.01% Added +1.0m +1,023,400
14 1832 Asset Management L.P. 0.49% of their portfolio TORONTO, A6 1,783,0861.8m $260.7m $260.7m 0.49% Added +13.7k +13,747
15 Clearbridge Investments, LLC 0.16% of their portfolio NEW YORK, NY 1,283,1661.3m $187.6m $187.6m 0.16% Added +258.3k +258,272
16 BANK OF NOVA SCOTIA 0.32% of their portfolio TORONTO, A6 1,155,6691.2m $169.0m $169.0m 0.32% Reduced -234.3k -234,262
17 WCM INVESTMENT MANAGEMENT, LLC 0.46% of their portfolio LAGUNA BEACH, CA 1,134,0261.1m $165.0m $165.0m 0.46% Reduced -577.0k -577,025
18 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,116,9761.1m $163.3m $163.3m 0.02% Reduced -89.3k -89,348
19 NORGES BANK 0.03% of their portfolio OSLO, Q8 1,096,8401.1m $160.4m $160.4m 0.03% Reduced -37.1k -37,104
20 CIBC WORLD MARKET INC. 0.45% of their portfolio TORONTO, A6 1,076,9131.1m $157.5m $157.5m 0.45% Added +43.3k +43,275
21 Legal & General Group Plc 0.05% of their portfolio London, X0 1,020,9901.0m $150.0m $150.0m 0.05% Reduced -102.3k -102,330
22 TORONTO DOMINION BANK 0.21% of their portfolio TORONTO, ONTARIO, A6 998,939998.9k $146.1m $146.1m 0.21% Reduced -1.3m -1,285,449
23 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 969,443969.4k $141.8m $141.8m 0.03% Added +338.9k +338,896
24 BlackRock Inc. 0.00% of their portfolio New York, NY 650,182650.2k $95.1m $95.1m 0.00% Added +19.1k +19,113
25 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 643,414643.4k $94.1m $94.1m 0.03% Reduced -18.2k -18,241
26 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 593,351593.4k $86.6m $86.6m 0.01% Added +22.1k +22,063
27 CIBC Asset Management Inc 0.32% of their portfolio TORONTO, Z4 581,703581.7k $85.3m $85.3m 0.32% Added +59.4k +59,388
28 CREDIT SUISSE AG/ 0.08% of their portfolio ZURICH, V8 571,366571.4k $83.5m $83.5m 0.08% Reduced -64.8k -64,848
29 Swiss National Bank 0.06% of their portfolio ZURICH, V8 518,155518.2k $75.9m $75.9m 0.06% Reduced -14.1k -14,100
30 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 503,392503.4k $73.6m $73.6m 0.01% Reduced -19.2k -19,203
31 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 485,403485.4k $71.0m $71.0m 0.07% Added +393.8k +393,834
32 NATIONAL BANK OF CANADA /FI/ 0.12% of their portfolio MONTREAL, A8 474,824474.8k $68.2m $68.2m 0.12% Reduced -30.1k -30,070
33 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 459,488459.5k $67.2m $67.2m 0.03% Reduced -86.6k -86,634
34 AGF MANAGEMENT LTD 0.39% of their portfolio TORONTO, A6 454,806454.8k $67.0m $67.0m 0.39% Reduced -65.1k -65,072
35 CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio TORONTO ONTARIO, A6 439,012439.0k $64.5m $64.5m 0.08% Unchanged
36 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 435,092435.1k $63.8m $63.8m 0.05% Reduced -32.1k -32,110
37 Amundi 0.03% of their portfolio Paris, I0 415,325415.3k $60.0m $60.0m 0.03% Added +11.3k +11,251
38 Alberta Investment Management Corp 0.47% of their portfolio EDMONTON, A0 336,901336.9k $49.5m $49.5m 0.47% Reduced -11.0k -11,032
39 CIDEL ASSET MANAGEMENT INC 2.00% of their portfolio TORONTO, A6 317,863317.9k $46.7m $46.7m 2.00% Reduced -9.4k -9,371
40 Dixon Mitchell Investment Counsel Inc. 2.40% of their portfolio VANCOUVER, A1 306,798306.8k $45.1m $45.1m 2.40% Reduced -16.1k -16,053
41 AXA S.A. 0.07% of their portfolio PARIS, I0 304,704304.7k $44.6m $44.6m 0.07% Added +154.3k +154,340
42 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 287,826287.8k $42.3m $42.3m 0.01% New
43 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 283,596283.6k $41.5m $41.5m 0.01% Added +40.4k +40,377
44 State of Tennessee, Department of Treasury 0.13% of their portfolio NASHVILLE, TN 233,137233.1k $34.3m $34.3m 0.13% Added +6.0k +5,990
45 Cumberland Partners Ltd 2.59% of their portfolio TORONTO, A6 228,779228.8k $28.3m $28.3m 2.59% Added +948 +948
46 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 226,728226.7k $33.2m $33.2m 0.02% Added +18.7k +18,742
47 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 223,869223.9k $32.8m $32.8m 0.01% Reduced -12.7k -12,743
48 GUARDIAN CAPITAL LP 1.16% of their portfolio TORONTO, A6 220,123220.1k $32.3m $32.3m 1.16% Reduced -14.2k -14,190
49 SCOTIA CAPITAL INC. 0.19% of their portfolio TORONTO, A6 202,954203.0k $29.6m $29.6m 0.19% Reduced -1.5k -1,483
50 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.23% of their portfolio IRVING, TX 193,105193.1k $28.2m $28.2m 0.23% Reduced -254.5k -254,478
51 Federation des caisses Desjardins du Quebec 0.29% of their portfolio LEVIS, A8 180,307180.3k $30.8m $30.8m 0.29% Reduced -34.8k -34,834
52 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio Paris, I0 178,671178.7k $34.6m $34.6m 0.10% Added +20.2k +20,170
53 Triasima Portfolio Management inc. 2.04% of their portfolio MONTREAL, A8 168,321168.3k $24.7m $24.7m 2.04% Added +27.5k +27,517
54 TD Waterhouse Canada Inc. 0.29% of their portfolio TORONTO, A6 161,429161.4k $31.0m $31.0m 0.29% Reduced -1.4k -1,442
55 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 158,203158.2k $23.1m $23.1m 0.01% Added +54.1k +54,140
56 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 151,085151.1k $22.1m $22.1m 0.03% Reduced -14.6k -14,600
57 Caisse de depot et placement du Quebec 0.06% of their portfolio Montreal, A8 148,580148.6k $21.8m $21.8m 0.06% Reduced -37.2k -37,200
58 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 133,396133.4k $19.6m $19.6m 0.03% Reduced -76.1k -76,141
59 Korea Investment CORP 0.05% of their portfolio SEOUL, M5 131,768131.8k $19.4m $19.4m 0.05% Reduced -52.0k -52,049
60 SAPIENT CAPITAL LLC 0.47% of their portfolio INDIANAPOLIS, IN 124,999125.0k $18.4m $18.4m 0.47% First filing
61 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 109,176109.2k $16.0m $16.0m 0.00% Reduced -2.8k -2,810
62 Rathbones Group PLC 0.10% of their portfolio Liverpool, X0 105,557105.6k $15.5m $15.5m 0.10% Reduced -3.0k -3,028
63 Gillson Capital LP 1.59% of their portfolio CHICAGO, IL 103,016103.0k $15.1m $15.1m 1.59% New
64 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 89,50789.5k $13.1m $13.1m 0.03% Added +3.0k +2,953
65 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 84,21484.2k $12.4m $12.4m 0.02% Added +80.9k +80,919
66 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 82,81082.8k $12.2m $12.2m 0.01% Added +11.5k +11,497
67 Candriam S.C.A. 0.08% of their portfolio STRASSEN, N4 82,78382.8k $12.2m $12.2m 0.08% New
68 BANK OF NOVA SCOTIA TRUST CO 1.34% of their portfolio TORONTO, A6 81,71581.7k $11.9m $11.9m 1.34% Reduced -6.9k -6,851
69 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 80,60580.6k $11.8m $11.8m 0.02% Added +21.8k +21,793
70 Credential Qtrade Securities Inc. 0.70% of their portfolio VANCOUVER, A1 80,55580.6k $11.8m $11.8m 0.70% Reduced -2.7k -2,738
71 Hilton Capital Management, LLC 1.26% of their portfolio Garden City, NY 80,15380.2k $11.7m $11.7m 1.26% New
72 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 78,05278.1k $11.4m $11.4m 0.02% Reduced -6.4k -6,414
73 Man Group plc 0.03% of their portfolio LONDON, X0 77,48877.5k $11.3m $11.3m 0.03% New
74 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 76,89876.9k $11.2m $11.2m 0.01% Reduced -3.4k -3,375
75 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 75,60875.6k $11.1m $11.1m 0.01% Reduced -3.4k -3,438
76 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 74,65874.7k $10.9m $10.9m 0.04% Added +249 +249
77 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 73,33473.3k $10.8m $10.8m 0.01% Added +13.5k +13,463
78 Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio ZURICH, V8 69,50969.5k $10.2m $10.2m 0.04% Added +38.3k +38,285
79 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 69,26969.3k $10.1m $10.1m 0.01% Added +402 +402
80 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 68,54368.5k $10.0m $10.0m 0.01% Reduced -1.4k -1,399
81 First National Bank of Mount Dora, Trust Investment Services 2.65% of their portfolio MOUNT DORA, FL 68,01568.0k $9.9m $9.9m 2.65% Reduced -81 -81
82 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 66,38866.4k $9.7m $9.7m 0.01% Reduced -71.9k -71,948
83 MONTRUSCO BOLTON INVESTMENTS INC. 0.11% of their portfolio MONTREAL, A8 57,74357.7k $8.5m $8.5m 0.11% Added +1.6k +1,593
84 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 57,41557.4k $8.4m $8.4m 0.01% Reduced -2.4k -2,374
85 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 57,03157.0k $8.3m $8.3m 0.00% Added +26.9k +26,925
86 CWM, LLC 0.04% of their portfolio OMAHA, NE 56,65156.7k $8.3m $8.3m 0.04% Reduced -2.9k -2,899
87 Achmea Investment Management B.V. 0.17% of their portfolio ZEIST, P7 55,02355.0k $8.1m $8.1m 0.17% Added +1.7k +1,693
88 Addenda Capital Inc. 0.41% of their portfolio MONTREAL, A8 54,52854.5k $10.6m $10.6m 0.41% Reduced -55 -55
89 Bridgewater Associates, LP 0.04% of their portfolio Westport, CT 53,35653.4k $7.8m $7.8m 0.04% Added +943 +943
90 INTACT INVESTMENT MANAGEMENT INC. 0.30% of their portfolio MONTREAL, A8 50,05650.1k $7.3m $7.3m 0.30% Reduced -14.6k -14,592
91 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 49,08449.1k $7.2m $7.2m 0.02% Reduced -375.4k -375,429
92 Mariner, LLC 0.02% of their portfolio Overland Park, KS 48,30848.3k $7.1m $7.1m 0.02% Added +568 +568
93 UBS Group AG 0.00% of their portfolio ZURICH, V8 47,58947.6k $7.0m $7.0m 0.00% Added +29.3k +29,343
94 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 44,08244.1k $6.5m $6.5m 0.01% Added +1.4k +1,383
95 Northwest & Ethical Investments L.P. 0.20% of their portfolio TORONTO, A6 44,06344.1k $6.4m $6.4m 0.20% Reduced -5 -5
96 TOBAM 0.54% of their portfolio PARIS, I0 41,86741.9k $6.1m $6.1m 0.54% Reduced -40.5k -40,544
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.07% of their portfolio Stamford, CT 37,24037.2k $5.4m $5.4m 0.07% Reduced -5.0k -4,951
98 Dynamic Advisor Solutions LLC 0.19% of their portfolio PHOENIX, AZ 35,90735.9k $5.2m $5.2m 0.19% New
99 Summit Global Investments 0.34% of their portfolio BOUNTIFUL, UT 35,07735.1k $5.1m $5.1m 0.34% Reduced -957 -957
100 Capital Investment Counsel, LLC 1.93% of their portfolio DENVER, CO 34,95935.0k $5.1m $5.1m 1.93% First filing