Vault-13

THOMSON REUTERS CORP

COM · CUSIP 884903808 · ISIN CA8849038085

498 institutional holders +14 vs Q4 2024
86,796,05186.8m shares reported held*
$15.0bnreported value*
47 new 155 added 191 reduced 31 sold out net sold ≈ $1.7bn (-15.3m 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 ($95.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $173.09. Options: 16 managers hold calls ($99.1m notional), 9 hold puts ($6.8m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 2Q4 22: 4Q1 23: 3Q2 23: 382Q3 23: 399Q4 23: 439Q1 24: 463Q2 24: 491Q3 24: 479Q4 24: 484Q1 25: 498498Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20222
Q4 20224
Q1 20233
Q2 2023382
Q3 2023399
Q4 2023439
Q1 2024463
Q2 2024491
Q3 2024479
Q4 2024484
Q1 2025498

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 365 bought or addedQ2 23: 2 cut or sold outQ3 23: 175 bought or addedQ3 23: 193 cut or sold outQ3 23Q4 23: 184 bought or addedQ4 23: 192 cut or sold outQ1 24: 203 bought or addedQ1 24: 206 cut or sold outQ1 24Q2 24: 216 bought or addedQ2 24: 209 cut or sold outQ3 24: 200 bought or addedQ3 24: 237 cut or sold outQ3 24Q4 24: 190 bought or addedQ4 24: 217 cut or sold outQ1 25: 202 bought or addedQ1 25: 222 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233652
Q3 2023175193
Q4 2023184192
Q1 2024203206
Q2 2024216209
Q3 2024200237
Q4 2024190217
Q1 2025202222

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ2 24 calls: $54.4mQ2 24 puts: $19.5mQ2 24P/C 0.36Q3 24 calls: $50.1mQ3 24 puts: $14.6mQ3 24P/C 0.29Q4 24 calls: $45.9mQ4 24 puts: $6.8mQ4 24P/C 0.15Q1 25 calls: $99.1mQ1 25 puts: $6.8mQ1 25P/C 0.07
Numbers
QuarterCallsPutsP/C
Q2 2024$54.4m$19.5m0.36
Q3 2024$50.1m$14.6m0.29
Q4 2024$45.9m$6.8m0.15
Q1 2025$99.1m$6.8m0.07

Biggest buyers

TD Asset Management Inc Added +750,063+750.1k
MILLENNIUM MANAGEMENT LLC Added +702,036+702.0k
HRT FINANCIAL LP Added +640,629+640.6k
FIL Ltd Added +526,702+526.7k
GEODE CAPITAL MANAGEMENT, LLC Added +442,374+442.4k
GOLDMAN SACHS GROUP INC Added +421,279+421.3k
BlackRock, Inc. Added +208,005+208.0k
MARSHALL WACE, LLP Added +206,964+207.0k
CANADA PENSION PLAN INVESTMENT BOARD Added +205,306+205.3k
Junto Capital Management LP New +199,224+199.2k

Biggest sellers

MACKENZIE FINANCIAL CORP Reduced -17,439,622-17.4m
CITADEL ADVISORS LLC Reduced -499,579-499.6k
BANK OF AMERICA CORP /DE/ Reduced -491,383-491.4k
CIBC WORLD MARKET INC. Reduced -476,924-476.9k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -442,046-442.0k
Clearbridge Investments, LLC Reduced -332,447-332.4k
BANK OF MONTREAL /CAN/ Reduced -247,280-247.3k
FMR LLC Reduced -212,033-212.0k
NORGES BANK Reduced -151,896-151.9k
AGF MANAGEMENT LTD Reduced -141,073-141.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $23.7m137.4k shares
BANK OF MONTREAL /CAN/ Added $20.7m120.0k shares
NATIONAL BANK OF CANADA /FI/ Added $19.6m1.1k shares
Greenland Capital Management LP New $10.5m61.0k shares
BNP PARIBAS FINANCIAL MARKETS First filing $8.6m498 shares
UBS Group AG New $4.8m28.0k shares
CITADEL ADVISORS LLC Added $2.6m15.1k shares
SIG North Trading, ULC Reduced $2.6m14.8k shares
ROYAL BANK OF CANADA New $1.7m10.0k shares
BARCLAYS PLC New $1.3m7.5k shares

Biggest puts

SIG North Trading, ULC Added $2.1m12.1k shares
TORONTO DOMINION BANK Added $1.4m8.2k shares
WOLVERINE TRADING, LLC Added $1.4m7.9k shares
CITADEL ADVISORS LLC Reduced $933.0k5.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $760.2k4.4k shares
NATIONAL BANK OF CANADA /FI/ Reduced $189.8k11 shares
Walleye Capital LLC Reduced $69.1k400 shares
Walleye Trading LLC Reduced $17.3k100 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.45% of their portfolio TORONTO, A6 11,757,27911.8m $2.0bn $2.0bn 0.45% Added +152.5k +152,534
2 FMR LLC 0.07% of their portfolio BOSTON, MA 5,954,8716.0m $1.0bn $1.0bn 0.07% Reduced -212.0k -212,033
3 BANK OF MONTREAL /CAN/ 0.52% of their portfolio TORONTO, A6 5,610,3795.6m $968.3m $968.3m 0.52% Reduced -247.3k -247,280
4 TD Asset Management Inc 0.88% of their portfolio Toronto, A6 5,514,4925.5m $951.5m $951.5m 0.88% Added +750.1k +750,063
5 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 5,476,6005.5m $945.1m $945.1m 0.02% Added +94.8k +94,758
6 FIL Ltd 0.82% of their portfolio HAMILTON, D0 5,020,2365.0m $866.3m $866.3m 0.82% Added +526.7k +526,702
7 JARISLOWSKY, FRASER Ltd 3.53% of their portfolio MONTREAL, A8 3,266,5943.3m $563.6m $563.6m 3.53% Reduced -86.8k -86,834
8 MACKENZIE FINANCIAL CORP 0.80% of their portfolio TORONTO ONTARIO, A6 3,263,4713.3m $563.1m $563.1m 0.80% Reduced -17.4m -17,439,622
9 Connor, Clark & Lunn Investment Management Ltd. 1.91% of their portfolio VANCOUVER, A1 2,537,6602.5m $438.0m $438.0m 1.91% Added +44.9k +44,898
10 Fiera Capital Corp 1.56% of their portfolio MONTREAL, A8 2,492,2672.5m $430.5m $430.5m 1.56% Reduced -5.5k -5,500
11 NATIONAL BANK OF CANADA /FI/ 0.37% of their portfolio MONTREAL, A8 1,841,9551.8m $316.3m $316.3m 0.37% Reduced -18.1k -18,090
12 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 1,757,4541.8m $306.6m $306.6m 0.02% Added +442.4k +442,374
13 1832 Asset Management L.P. 0.55% of their portfolio TORONTO, A6 1,665,1171.7m $287.7m $287.7m 0.55% Added +17.2k +17,223
14 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 1,588,5081.6m $274.5m $274.5m 0.05% Added +421.3k +421,279
15 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 1,557,6771.6m $269.1m $269.1m 0.02% Reduced -59.2k -59,216
16 CIBC Asset Management Inc 0.67% of their portfolio TORONTO, Z4 1,176,0801.2m $203.2m $203.2m 0.67% Added +22.8k +22,840
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,111,8701.1m $192.1m $192.1m 0.00% Added +208.0k +208,005
18 CIBC WORLD MARKET INC. 0.42% of their portfolio TORONTO, A6 1,075,2421.1m $185.6m $185.6m 0.42% Reduced -476.9k -476,924
19 Clearbridge Investments, LLC 0.16% of their portfolio NEW YORK, NY 1,043,5651.0m $180.3m $180.3m 0.16% Reduced -332.4k -332,447
20 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio Toronto, A6 951,674951.7k $165.0m $165.0m 0.16% Reduced -442.0k -442,046
21 CITADEL ADVISORS LLC 0.16% of their portfolio MIAMI, FL 936,521936.5k $161.8m $161.8m 0.16% Reduced -499.6k -499,579
22 MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 894,074894.1k $154.5m $154.5m 0.15% Added +702.0k +702,036
23 Legal & General Group Plc 0.04% of their portfolio London, X0 893,092893.1k $154.1m $154.1m 0.04% Added +10.8k +10,792
24 NORGES BANK 0.02% of their portfolio OSLO, Q8 772,350772.4k $133.3m $133.3m 0.02% Reduced -151.9k -151,896
25 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 741,491741.5k $128.1m $128.1m 0.01% Added +51.3k +51,265
26 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 691,555691.6k $119.5m $119.5m 0.01% Reduced -491.4k -491,383
27 HRT FINANCIAL LP 0.81% of their portfolio NEW YORK, NY 644,665644.7k $111.4m $111.4m 0.81% Added +640.6k +640,629
28 BANK OF NOVA SCOTIA 0.19% of their portfolio TORONTO, A6 477,632477.6k $82.4m $82.4m 0.19% Reduced -17.7k -17,692
29 TORONTO DOMINION BANK 0.21% of their portfolio TORONTO, ONTARIO, A6 477,406477.4k $82.4m $82.4m 0.21% Reduced -126.8k -126,845
30 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 461,791461.8k $79.8m $79.8m 0.03% Added +5.0k +5,046
31 Swiss National Bank 0.05% of their portfolio ZURICH, V8 448,055448.1k $77.4m $77.4m 0.05% Reduced -8.9k -8,900
32 Alberta Investment Management Corp 0.52% of their portfolio EDMONTON, A0 439,400439.4k $75.8m $75.8m 0.52% Added +97.9k +97,929
33 CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio TORONTO ONTARIO, A6 414,960415.0k $71.6m $71.6m 0.07% Added +205.3k +205,306
34 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.43% of their portfolio VICTORIA, A1 403,243403.2k $69.6m $69.6m 0.43% Added +144.2k +144,233
35 Amundi 0.03% of their portfolio Paris, I0 395,057395.1k $69.5m $69.5m 0.03% Added +72.3k +72,329
36 STOREBRAND ASSET MANAGEMENT AS 0.21% of their portfolio LYSAKER, Q8 381,373381.4k $65.9m $65.9m 0.21% Added +22.3k +22,340
37 Qube Research & Technologies Ltd 0.10% of their portfolio LONDON, X0 358,993359.0k $62.0m $62.0m 0.10% Added +11.2k +11,245
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 358,315358.3k $61.9m $61.9m 0.02% Reduced -5.5k -5,518
39 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 328,540328.5k $56.7m $56.7m 0.01% Added +134 +134
40 UBS Group AG 0.01% of their portfolio ZURICH, V8 328,528328.5k $56.8m $56.8m 0.01% Added +137.3k +137,295
41 TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio NEW YORK, NY 322,960323.0k $55.8m $55.8m 0.12% Added +21.2k +21,231
42 AGF MANAGEMENT LTD 0.30% of their portfolio TORONTO, A6 321,168321.2k $56.0m $56.0m 0.30% Reduced -141.1k -141,073
43 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 285,564285.6k $49.3m $49.3m 0.04% Reduced -5.0k -5,044
44 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 274,829274.8k $47.5m $47.5m 0.02% Reduced -1.5k -1,499
45 MARSHALL WACE, LLP 0.06% of their portfolio LONDON, X0 263,650263.6k $45.6m $45.6m 0.06% Added +207.0k +206,964
46 SCOTIA CAPITAL INC. 0.23% of their portfolio TORONTO, A6 250,380250.4k $43.3m $43.3m 0.23% Added +5.9k +5,881
47 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.17% of their portfolio Paris, I0 249,982250.0k $62.1m $62.1m 0.17% Added +89.9k +89,926
48 Federation des caisses Desjardins du Quebec 0.20% of their portfolio LEVIS, A8 240,454240.5k $41.1m $41.1m 0.20% Reduced -3.2k -3,244
49 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 231,880231.9k $40.1m $40.1m 0.01% Added +29.3k +29,326
50 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 229,023229.0k $39.6m $39.6m 0.01% Added +10.9k +10,933
51 Gillson Capital LP 3.20% of their portfolio CHICAGO, IL 216,953217.0k $37.5m $37.5m 3.20% Reduced -50.9k -50,859
52 Pictet Asset Management Holding SA 0.04% of their portfolio CAROUGE, V8 216,923216.9k $37.4m $37.4m 0.04% Added +28.8k +28,806
53 Dixon Mitchell Investment Counsel Inc. 1.63% of their portfolio VANCOUVER, A1 209,581209.6k $36.2m $36.2m 1.63% Added +4.2k +4,245
54 MUFG SECURITIES (CANADA), LTD. 1.24% of their portfolio NEW YORK, NY 205,976206.0k $35.5m $35.5m 1.24% Reduced -128 -128
55 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 203,934203.9k $35.2m $35.2m 0.01% Reduced -51 -51
56 Waratah Capital Advisors Ltd. 2.37% of their portfolio TORONTO, A6 200,972201.0k $34.7m $34.7m 2.37% Reduced -39.1k -39,146
57 Junto Capital Management LP 0.79% of their portfolio NEW YORK, NY 199,224199.2k $34.4m $34.4m 0.79% New
58 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 192,001192.0k $33.1m $33.1m 0.04% Reduced -117.2k -117,174
59 TD Waterhouse Canada Inc. 0.27% of their portfolio TORONTO, A6 189,272189.3k $32.6m $32.6m 0.27% Added +24.0k +24,024
60 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio CAUSEWAY BAY, K3 180,996181.0k $31.3m $31.3m 0.07% Reduced -2.6k -2,628
61 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 161,580161.6k $27.9m $27.9m 0.01% Reduced -45.5k -45,541
62 GUARDIAN CAPITAL LP 1.09% of their portfolio TORONTO, A6 161,103161.1k $27.8m $27.8m 1.09% Reduced -11.0k -11,007
63 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 154,314154.3k $26.7m $26.7m 0.01% Added +10.1k +10,085
64 Squarepoint Ops LLC 0.06% of their portfolio NEW YORK, NY 139,449139.4k $24.1m $24.1m 0.06% Added +132.4k +132,407
65 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 136,120136.1k $23.5m $23.5m 0.02% Reduced -14.3k -14,324
66 Man Group plc 0.07% of their portfolio LONDON, X0 135,249135.2k $23.3m $23.3m 0.07% Reduced -64.4k -64,415
67 Point72 Asset Management, L.P. 0.07% of their portfolio STAMFORD, CT 134,952135.0k $23.3m $23.3m 0.07% Added +78.1k +78,051
68 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 134,034134.0k $23.1m $23.1m 0.01% First filing
69 AXA S.A. 0.08% of their portfolio PARIS, I0 133,416133.4k $23.1m $23.1m 0.08% Reduced -8.2k -8,214
70 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 130,142130.1k $22.5m $22.5m 0.01% Reduced -10.8k -10,803
71 CIDEL ASSET MANAGEMENT INC 1.42% of their portfolio TORONTO, A6 125,969126.0k $21.7m $21.7m 1.42% Added +311 +311
72 TWO SIGMA ADVISERS, LP 0.05% of their portfolio NEW YORK, NY 124,519124.5k $21.5m $21.5m 0.05% Added +22.5k +22,500
73 Bridgewater Associates, LP 0.10% of their portfolio Westport, CT 124,453124.5k $21.5m $21.5m 0.10% Added +48.8k +48,812
74 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 123,845123.8k $21.4m $21.4m 0.05% Reduced -62.6k -62,581
75 Korea Investment CORP 0.05% of their portfolio SEOUL, M5 117,737117.7k $20.3m $20.3m 0.05% Added +6.3k +6,298
76 Cumberland Partners Ltd 1.51% of their portfolio TORONTO, A6 113,681113.7k $19.6m $19.6m 1.51% Reduced -1.7k -1,712
77 AVIVA PLC 0.05% of their portfolio LONDON, X0 109,378109.4k $18.9m $18.9m 0.05% Added +15.1k +15,076
78 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 107,918107.9k $18.6m $18.6m 0.03% New
79 ARGENT CAPITAL MANAGEMENT LLC 0.51% of their portfolio ST LOUIS, MO 96,17096.2k $16.6m $16.6m 0.51% Reduced -3.6k -3,650
80 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 95,34695.3k $16.5m $16.5m 0.01% Added +42.1k +42,113
81 Rathbones Group PLC 0.08% of their portfolio Liverpool, X0 91,83091.8k $15.8m $15.8m 0.08% Reduced -529 -529
82 Schonfeld Strategic Advisors LLC 0.09% of their portfolio NEW YORK, NY 80,08180.1k $13.8m $13.8m 0.09% Added +25.5k +25,541
83 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 78,56478.6k $13.6m $13.6m 0.00% Added +16.2k +16,165
84 State of Tennessee, Department of Treasury 0.05% of their portfolio NASHVILLE, TN 77,63677.6k $13.4m $13.4m 0.05% Added +318 +318
85 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 77,28077.3k $13.3m $13.3m 0.01% Added +38.0k +37,979
86 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 75,34275.3k $13.0m $13.0m 0.04% Reduced -1.2k -1,245
87 Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio ZURICH, V8 74,90474.9k $12.9m $12.9m 0.04% Reduced -12.9k -12,864
88 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 72,60372.6k $12.5m $12.5m 0.02% Added +54.4k +54,392
89 Aviso Financial Inc. 0.59% of their portfolio TORONTO, A6 69,69369.7k $12.0m $12.0m 0.59% Reduced -4.5k -4,470
90 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.10% of their portfolio IRVING, TX 68,94368.9k $11.9m $11.9m 0.10% Reduced -35.9k -35,901
91 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 68,39968.4k $11.8m $11.8m 0.01% Added +1.5k +1,470
92 Beutel, Goodman & Co Ltd. 0.07% of their portfolio TORONTO, A6 67,00167.0k $11.6m $11.6m 0.07% New
93 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 65,80665.8k $11.3m $11.3m 0.02% Reduced -3.8k -3,779
94 Jain Global LLC 0.23% of their portfolio NEW YORK, NY 65,24265.2k $11.3m $11.3m 0.23% New
95 INTECH INVESTMENT MANAGEMENT LLC 0.12% of their portfolio WEST PALM BEACH, FL 64,79564.8k $11.2m $11.2m 0.12% Reduced -1.3k -1,272
96 Hilton Capital Management, LLC 0.94% of their portfolio Garden City, NY 64,28164.3k $11.1m $11.1m 0.94% Reduced -10.0k -10,000
97 BANK OF NOVA SCOTIA TRUST CO 1.18% of their portfolio TORONTO, A6 63,94763.9k $11.0m $11.0m 1.18% Reduced -1.6k -1,600
98 Magnetar Financial LLC 0.14% of their portfolio EVANSTON, IL 62,31662.3k $10.8m $10.8m 0.14% Added +53.8k +53,811
99 Varma Mutual Pension Insurance Co 0.09% of their portfolio Varma, H9 62,05462.1k $10.7m $10.7m 0.09% Reduced -6.8k -6,800
100 Capital Investment Counsel, LLC 1.67% of their portfolio DENVER, CO 58,27758.3k $10.1m $10.1m 1.67% Reduced -2.9k -2,857