Vault-13

THOMSON REUTERS CORP

COM · CUSIP 884903808 · ISIN CA8849038085

461 institutional holders -35 vs Q4 2025
410,129,184410.1m shares reported held*
$36.9bnreported value*
69 new 162 added 141 reduced 104 sold out net bought ≈ $228.0m (+2.5m 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 ($84.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.03. Options: 20 managers hold calls ($59.2m notional), 17 hold puts ($36.8m).

Trends to Q1 2026

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: 498Q2 25: 535Q3 25: 519Q4 25: 496Q1 26: 461461Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 20222
Q4 20224
Q1 20233
Q2 2023382
Q3 2023399
Q4 2023439
Q1 2024463
Q2 2024491
Q3 2024479
Q4 2024484
Q1 2025498
Q2 2025535
Q3 2025519
Q4 2025496
Q1 2026461

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q2 25: 256 bought or addedQ2 25: 216 cut or sold outQ3 25: 232 bought or addedQ3 25: 288 cut or sold outQ3 25Q4 25: 220 bought or addedQ4 25: 252 cut or sold outQ1 26: 231 bought or addedQ1 26: 245 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024216209
Q3 2024200237
Q4 2024190217
Q1 2025202222
Q2 2025256216
Q3 2025232288
Q4 2025220252
Q1 2026231245

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 25 calls: $128.4mQ2 25 puts: $17.4mQ2 25P/C 0.14Q3 25 calls: $222.4mQ3 25 puts: $49.1mQ3 25P/C 0.22Q4 25 calls: $35.0mQ4 25 puts: $20.3mQ4 25P/C 0.58Q1 26 calls: $59.2mQ1 26 puts: $36.8mQ1 26P/C 0.62
Numbers
QuarterCallsPutsP/C
Q2 2025$128.4m$17.4m0.14
Q3 2025$222.4m$49.1m0.22
Q4 2025$35.0m$20.3m0.58
Q1 2026$59.2m$36.8m0.62

Biggest buyers

1832 Asset Management L.P. Added +1,980,886+2.0m
TD Waterhouse Canada Inc. Added +1,115,559+1.1m
GOLDMAN SACHS GROUP INC Added +840,444+840.4k
CANADA PENSION PLAN INVESTMENT BOARD Added +823,066+823.1k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +591,642+591.6k
JPMORGAN CHASE & CO Added +559,136+559.1k
STOREBRAND ASSET MANAGEMENT AS Added +557,402+557.4k
AQR CAPITAL MANAGEMENT LLC Added +550,751+550.8k
TD Asset Management Inc Added +535,220+535.2k
BANK OF AMERICA CORP /DE/ Added +532,803+532.8k

Biggest sellers

FMR LLC Reduced -1,805,958-1.8m
Connor, Clark & Lunn Investment Management Ltd. Reduced -1,004,062-1.0m
BANK OF MONTREAL /CAN/ Reduced -775,628-775.6k
ROYAL BANK OF CANADA Reduced -684,356-684.4k
MACKENZIE FINANCIAL CORP Reduced -636,620-636.6k
CIBC Asset Management Inc Reduced -626,057-626.1k
Invesco Ltd. Reduced -613,858-613.9k
Federation des caisses Desjardins du Quebec Reduced -466,906-466.9k
LCC Family Corp. Reduced -397,502-397.5k
SEG Family Corp. Reduced -397,502-397.5k

Biggest calls

ROYAL BANK OF CANADA New $11.7m130.2k shares
CITADEL ADVISORS LLC Added $8.2m91.0k shares
Squarepoint Ops LLC New $7.2m80.1k shares
SIG North Trading, ULC Added $6.3m69.8k shares
Point72 Asset Management, L.P. Added $3.1m34.6k shares
JANE STREET GROUP, LLC Added $2.8m30.7k shares
Waratah Capital Advisors Ltd. New $2.7m30.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.6m28.7k shares
IMC-Chicago, LLC New $2.3m25.8k shares
Prana Capital Management, LP New $2.2m25.0k shares

Biggest puts

SIG North Trading, ULC Added $9.0m100.0k shares
CITADEL ADVISORS LLC Added $5.2m57.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.6m50.7k shares
Point72 Asset Management, L.P. Added $4.2m46.7k shares
TORONTO DOMINION BANK Added $2.1m23.7k shares
IMC-Chicago, LLC New $2.1m23.2k shares
JANE STREET GROUP, LLC Added $2.1m23.2k shares
SIMPLEX TRADING, LLC Added $1.7m18.5k shares
Squarepoint Ops LLC New $1.6m18.3k shares
GROUP ONE TRADING LLC Added $1.1m11.7k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Woodbridge Co Ltd 97.32% of their portfolio Toronto, A6 300,790,959300.8m $27.1bn $27.1bn 97.32% Added +96.9k +96,913
2 Invesco Ltd. 0.10% of their portfolio ATLANTA, GA 11,857,05611.9m $1.1bn $1.1bn 0.10% Reduced -613.9k -613,858
3 ROYAL BANK OF CANADA 0.16% of their portfolio TORONTO, A6 9,100,4339.1m $818.9m $818.9m 0.16% Reduced -684.4k -684,356
4 1832 Asset Management L.P. 0.86% of their portfolio TORONTO, A6 7,235,3557.2m $651.0m $651.0m 0.86% Added +2.0m +1,980,886
5 BANK OF MONTREAL /CAN/ 0.20% of their portfolio TORONTO, A6 5,323,2695.3m $480.6m $480.6m 0.20% Reduced -775.6k -775,628
6 TD Asset Management Inc 0.38% of their portfolio Toronto, A6 5,199,5925.2m $467.8m $467.8m 0.38% Added +535.2k +535,220
7 TLT Family Holdco ULC 53.47% of their portfolio Toronto, A6 4,302,9014.3m $387.2m $387.2m 53.47% Unchanged
8 VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio MALVERN, PA 3,729,0233.7m $336.6m $336.6m 0.01% First filing
9 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,262,4253.3m $293.6m $293.6m 0.02% Added +460.1k +460,113
10 LCC Family Corp. 100.00% of their portfolio TORONTO, A6 3,241,5653.2m $291.7m $291.7m 100.00% Reduced -397.5k -397,502
11 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 3,161,3213.2m $284.5m $284.5m 0.04% Added +840.4k +840,444
12 FMR LLC 0.01% of their portfolio BOSTON, MA 2,897,3602.9m $261.5m $261.5m 0.01% Reduced -1.8m -1,805,958
13 SEG Family Corp. 100.00% of their portfolio Toronto, A6 2,503,9032.5m $225.3m $225.3m 100.00% Reduced -397.5k -397,502
14 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,229,9672.2m $203.0m $203.0m 0.01% Added +5.3k +5,261
15 Fiera Capital Corp 0.66% of their portfolio MONTREAL, A8 2,133,0452.1m $191.9m $191.9m 0.66% Added +335.8k +335,836
16 NATIONAL BANK OF CANADA /FI/ 0.17% of their portfolio MONTREAL, A8 1,861,4211.9m $166.1m $166.1m 0.17% Added +199.1k +199,147
17 CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio TORONTO ONTARIO, A6 1,768,2591.8m $159.6m $159.6m 0.10% Added +823.1k +823,066
18 MACKENZIE FINANCIAL CORP 0.19% of their portfolio TORONTO ONTARIO, A6 1,741,3201.7m $157.1m $157.1m 0.19% Reduced -636.6k -636,620
19 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,627,0691.6m $146.4m $146.4m 0.01% Added +532.8k +532,803
20 FIRST TRUST ADVISORS LP 0.10% of their portfolio Wheaton, IL 1,588,7561.6m $143.0m $143.0m 0.10% Added +397.1k +397,150
21 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.12% of their portfolio Toronto, A6 1,500,3651.5m $135.3m $135.3m 0.12% Added +591.6k +591,642
22 AGF MANAGEMENT LTD 0.58% of their portfolio TORONTO, A6 1,437,0381.4m $129.9m $129.9m 0.58% Added +323.4k +323,373
23 TD Waterhouse Canada Inc. 0.35% of their portfolio TORONTO, A6 1,345,7231.3m $117.9m $117.9m 0.35% Added +1.1m +1,115,559
24 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,321,1281.3m $120.3m $120.3m 0.01% Added +559.1k +559,136
25 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,194,2661.2m $107.5m $107.5m 0.00% Reduced -156.6k -156,573
26 VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio MALVERN, PA 1,190,4711.2m $107.5m $107.5m 0.03% First filing
27 DKRT Investments Corp. 22.89% of their portfolio Toronto, A6 1,003,8511.0m $90.3m $90.3m 22.89% Added +195.0k +195,004
28 CIBC WORLD MARKET INC. 0.16% of their portfolio TORONTO, A6 992,791992.8k $89.6m $89.6m 0.16% Added +26.2k +26,164
29 Legal & General Group Plc 0.02% of their portfolio London, X0 981,822981.8k $88.3m $88.3m 0.02% Reduced -2.7k -2,737
30 CIBC Asset Management Inc 0.22% of their portfolio TORONTO, Z4 981,411981.4k $88.6m $88.6m 0.22% Reduced -626.1k -626,057
31 STOREBRAND ASSET MANAGEMENT AS 0.24% of their portfolio LYSAKER, Q8 941,974942.0k $84.8m $84.8m 0.24% Added +557.4k +557,402
32 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 623,356623.4k $56.3m $56.3m 0.03% Added +550.8k +550,751
33 TORONTO DOMINION BANK 0.11% of their portfolio TORONTO, ONTARIO, A6 615,905615.9k $55.6m $55.6m 0.11% Added +19.8k +19,752
34 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio CAUSEWAY BAY, K3 591,500591.5k $53.2m $53.2m 0.07% Added +22.7k +22,668
35 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 585,065585.1k $52.6m $52.6m 0.02% Reduced -105.4k -105,412
36 ProShare Advisors LLC 0.08% of their portfolio BETHESDA, MD 563,915563.9k $50.7m $50.7m 0.08% Reduced -127.2k -127,152
37 Vanguard Global Advisers, LLC 0.03% of their portfolio MALVERN, PA 543,512543.5k $49.1m $49.1m 0.03% First filing
38 PJT Investments Corp. 18.91% of their portfolio Toronto, A6 530,297530.3k $47.7m $47.7m 18.91% Unchanged
39 Swiss National Bank 0.03% of their portfolio ZURICH, V8 528,955529.0k $47.7m $47.7m 0.03% Added +112.3k +112,300
40 Clearbridge Investments, LLC 0.04% of their portfolio NEW YORK, NY 499,799499.8k $45.0m $45.0m 0.04% Added +265.6k +265,643
41 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 476,428476.4k $42.9m $42.9m 0.01% Added +166.3k +166,340
42 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio TORONTO, A6 450,968451.0k $40.6m $40.6m 0.07% Added +122.6k +122,625
43 BENJAMIN EDWARDS INC 0.39% of their portfolio Clayton, MO 431,988432.0k $38.9m $38.9m 0.39% Added +140.3k +140,347
44 BCV Asset Management Inc. 1.32% of their portfolio WINNIPEG, A2 427,356427.4k $38.4m $38.4m 1.32% Added +125.4k +125,431
45 Pictet Asset Management Holding SA 0.04% of their portfolio CAROUGE, V8 414,770414.8k $37.3m $37.3m 0.04% Added +55.7k +55,720
46 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 412,082412.1k $37.1m $37.1m 0.01% Reduced -81.0k -80,989
47 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 408,216408.2k $36.7m $36.7m 0.03% Added +100.7k +100,737
48 Amundi 0.01% of their portfolio Paris, I0 400,522400.5k $36.0m $36.0m 0.01% Reduced -29.4k -29,422
49 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 390,606390.6k $35.1m $35.1m 0.01% Reduced -240.0k -240,033
50 BANK OF NOVA SCOTIA 0.06% of their portfolio TORONTO, A6 379,564379.6k $34.3m $34.3m 0.06% Added +69.2k +69,151
51 UBS Group AG 0.01% of their portfolio ZURICH, V8 374,052374.1k $33.7m $33.7m 0.01% Reduced -66.1k -66,094
52 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 366,670366.7k $33.0m $33.0m 0.01% Added +27.4k +27,362
53 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 344,927344.9k $42.3m $42.3m 0.01% Reduced -53.7k -53,693
54 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 342,444342.4k $30.8m $30.8m 0.01% Added +82.0k +82,047
55 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 337,423337.4k $30.4m $30.4m 0.02% Reduced -145.8k -145,775
56 Dixon Mitchell Investment Counsel Inc. 0.95% of their portfolio VANCOUVER, A1 303,326303.3k $27.3m $27.3m 0.95% Added +92.7k +92,681
57 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 277,375277.4k $25.0m $25.0m 0.03% Added +118.1k +118,129
58 VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio London, EC4N 8AF, X0 273,535273.5k $24.7m $24.7m 0.02% First filing
59 SCOTIA CAPITAL INC. 0.09% of their portfolio TORONTO, A6 258,988259.0k $23.0m $23.0m 0.09% Reduced -108.3k -108,329
60 Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio VANCOUVER, A1 255,839255.8k $23.1m $23.1m 0.05% Reduced -1.0m -1,004,062
61 NEOS Investment Management LLC 0.11% of their portfolio Westport, CT 239,209239.2k $21.5m $21.5m 0.11% Added +51.5k +51,550
62 Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio ZURICH, V8 227,375227.4k $20.5m $20.5m 0.04% Added +42.0k +41,952
63 PICTON MAHONEY ASSET MANAGEMENT 0.20% of their portfolio Toronto, A6 215,779215.8k $19.5m $19.5m 0.20% Reduced -3.0k -3,020
64 INTACT INVESTMENT MANAGEMENT INC. 0.53% of their portfolio MONTREAL, A8 207,729207.7k $18.7m $18.7m 0.53% Added +201.4k +201,429
65 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 201,494201.5k $18.2m $18.2m 0.02% Reduced -242.4k -242,435
66 Federation des caisses Desjardins du Quebec 0.06% of their portfolio LEVIS, A8 201,460201.5k $17.9m $17.9m 0.06% Reduced -466.9k -466,906
67 MUFG SECURITIES (CANADA), LTD. 0.51% of their portfolio NEW YORK, NY 198,031198.0k $17.8m $17.8m 0.51% Reduced -6.0k -5,997
68 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 192,299192.3k $17.3m $17.3m 0.01% Reduced -8.6k -8,630
69 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 185,696185.7k $16.7m $16.7m 0.00% Added +6.5k +6,475
70 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 183,051183.1k $16.5m $16.5m 0.01% Reduced -41.4k -41,385
71 Quadrature Capital Ltd 0.20% of their portfolio LONDON, X0 182,200182.2k $16.4m $16.4m 0.20% Reduced -190.5k -190,500
72 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 180,358180.4k $16.2m $16.2m 0.00% Reduced -11.7k -11,679
73 GW&K Investment Management, LLC 0.14% of their portfolio BOSTON, MA 174,957175.0k $15.7m $15.7m 0.14% New
74 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 168,695168.7k $15.2m $15.2m 0.02% Added +32.3k +32,300
75 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 166,086166.1k $14.9m $14.9m 0.01% Added +29.8k +29,796
76 Bridgewater Associates, LP 0.06% of their portfolio Westport, CT 159,909159.9k $14.4m $14.4m 0.06% New
77 Trexquant Investment LP 0.10% of their portfolio STAMFORD, CT 157,496157.5k $14.2m $14.2m 0.10% Added +134.5k +134,478
78 Aquatic Capital Management LLC 0.40% of their portfolio CHICAGO, IL 153,772153.8k $13.8m $13.8m 0.40% New
79 Rathbones Group PLC 0.03% of their portfolio Liverpool, X0 141,414141.4k $12.7m $12.7m 0.03% Reduced -578 -578
80 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 139,533139.5k $12.6m $12.6m 0.03% Added +56.8k +56,789
81 M&G PLC 0.06% of their portfolio London, X0 137,596137.6k $12.5m $12.5m 0.06% New
82 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 136,368136.4k $12.3m $12.3m 0.00% Reduced -84.1k -84,110
83 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 135,969136.0k $12.2m $12.2m 0.01% Added +41.4k +41,377
84 AVIVA PLC 0.02% of their portfolio LONDON, X0 135,111135.1k $12.2m $12.2m 0.02% Added +3.9k +3,908
85 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 134,298134.3k $12.1m $12.1m 0.00% Added +640 +640
86 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 131,659131.7k $11.8m $11.8m 0.00% Reduced -17.8k -17,798
87 Heathbridge Capital Management Ltd. 4.29% of their portfolio TORONTO, A6 131,200131.2k $11.8m $11.8m 4.29% New
88 DAVIS-REA LTD. 2.96% of their portfolio TORONTO, A6 126,045126.0k $11.3m $11.3m 2.96% New
89 APG Asset Management N.V. 0.03% of their portfolio Amsterdam, P7 122,848122.8k $9.6m $9.6m 0.03% Reduced -13.9k -13,923
90 Rafferty Asset Management, LLC 0.04% of their portfolio New York, NY 121,872121.9k $11.0m $11.0m 0.04% Added +28.7k +28,686
91 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 114,283114.3k $10.4m $10.4m 0.01% Added +25.3k +25,315
92 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 113,864113.9k $10.2m $10.2m 0.01% Reduced -24.1k -24,052
93 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.06% of their portfolio VICTORIA, A1 113,201113.2k $10.2m $10.2m 0.06% Reduced -286.1k -286,140
94 CIDEL ASSET MANAGEMENT INC 0.53% of their portfolio TORONTO, A6 107,248107.2k $9.6m $9.6m 0.53% Added +59.0k +58,963
95 FIL Ltd 0.01% of their portfolio HAMILTON, D0 105,351105.4k $9.5m $9.5m 0.01% Added +15.7k +15,675
96 Scheer, Rowlett & Associates Investment Management Ltd. 0.62% of their portfolio TORONTO, A6 94,95195.0k $8.6m $8.6m 0.62% New
97 GF FUND MANAGEMENT CO. LTD. 0.14% of their portfolio GUANGZHOU, F4 91,16191.2k $8.2m $8.2m 0.14% Reduced -2.7k -2,671
98 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 90,48090.5k $8.1m $8.1m 0.01% Added +42.4k +42,428
99 Man Group plc 0.02% of their portfolio LONDON, X0 84,89984.9k $7.6m $7.6m 0.02% Reduced -9.4k -9,391
100 GUGGENHEIM CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 83,29283.3k $7.5m $7.5m 0.06% Reduced -19.8k -19,807