TORONTO DOMINION BK ONT TD
COM NEW · Common Stock · CUSIP 891160509 · ISIN CA8911605092
Banking and financial services corporation
* 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 ($1.4bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $62.33. Options: 27 managers hold calls ($1.1bn notional), 27 hold puts ($1.1bn).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 672 |
| Q4 2022 | 708 |
| Q1 2023 | 695 |
| Q2 2023 | 688 |
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 | 292 | 272 |
| Q1 2023 | 305 | 307 |
| Q2 2023 | 295 | 313 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.0bn | $1.4bn | 1.37 |
| Q4 2022 | $1.6bn | $1.4bn | 0.87 |
| Q1 2023 | $912.4m | $992.6m | 1.09 |
| Q2 2023 | $1.1bn | $1.1bn | 1.01 |
Biggest buyers
| TORONTO DOMINION BANK | Added | +15.6m |
| BANK OF MONTREAL /CAN/ | Added | +5.4m |
| Hudson Bay Capital Management LP | New | +4.0m |
| STATE STREET CORP | Added | +3.1m |
| BANK OF NOVA SCOTIA | Added | +2.8m |
| ROYAL BANK OF CANADA | Added | +2.5m |
| FIL Ltd | Added | +2.0m |
| CIBC WORLD MARKET INC. | Added | +1.8m |
| VANGUARD GROUP INC | Added | +1.5m |
| JPMORGAN CHASE & CO | Added | +1.5m |
Biggest sellers
| FMR LLC | Reduced | -13.1m |
| Capital World Investors | Reduced | -6.8m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -5.4m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.3m |
| Sumitomo Mitsui Trust Group, Inc. | Reduced | -754.6k |
| Triasima Portfolio Management inc. | Reduced | -480.9k |
| AMF Tjanstepension AB | Reduced | -431.4k |
| DekaBank Deutsche Girozentrale | Reduced | -431.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -400.7k |
| STRS OHIO | Reduced | -357.9k |
Biggest calls
| ROYAL BANK OF CANADA | Added | $350.6m5.7m shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $158.1m2.5m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $106.6m1.7m shares |
| D. E. Shaw & Co., Inc. | Added | $83.7m1.4m shares |
| CIBC WORLD MARKET INC. | Reduced | $52.7m850.0k shares |
| SIG North Trading, ULC | Added | $48.2m778.0k shares |
| CITADEL ADVISORS LLC | Reduced | $47.8m771.0k shares |
| JANE STREET GROUP, LLC | Added | $34.0m548.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $33.7m543.7k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $28.7m350.0k shares |
Biggest puts
| ROYAL BANK OF CANADA | Reduced | $532.8m8.6m shares |
| Hudson Bay Capital Management LP | New | $248.0m4.0m shares |
| BANK OF MONTREAL /CAN/ | Added | $78.2m1.3m shares |
| CIBC WORLD MARKET INC. | Added | $40.3m650.0k shares |
| SIG North Trading, ULC | Reduced | $37.9m611.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $28.7m350.0k shares |
| CITADEL ADVISORS LLC | Added | $23.0m371.1k shares |
| CITIGROUP INC | New | $21.7m350.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $19.2m310.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.8m222.6k 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +0.4 pts · filed 2026-04-27 | 5.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
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 2.90% of their portfolio | 167.5m $10.4bn | Added +2.5m |
| BANK OF MONTREAL /CAN/ 2.34% of their portfolio | 103.2m $6.4bn | Added +5.4m |
| VANGUARD GROUP INC 0.10% of their portfolio | 71.1m $4.4bn | Added +1.5m |
| BANK OF AMERICA CORP /DE/ 0.29% of their portfolio | 38.8m $2.4bn | Added +803.4k |
| CIBC WORLD MARKET INC. 8.26% of their portfolio | 38.8m $2.4bn | Added +1.8m |
| TD Asset Management Inc 2.62% of their portfolio | 37.1m $2.3bn | Added +541.1k |
| BANK OF NOVA SCOTIA 6.02% of their portfolio | 36.8m $2.3bn | Added +2.8m |
| FIL Ltd 2.46% of their portfolio | 35.4m $2.2bn | Added +2.0m |
| NATIONAL BANK OF CANADA /FI/ 3.96% of their portfolio | 32.0m $2.0bn | Added +1.2m |
| MACKENZIE FINANCIAL CORP 2.84% of their portfolio | 30.0m $1.9bn | Added +474.2k |
| TORONTO DOMINION BANK 1.34% of their portfolio | 29.0m $1.8bn | Added +15.6m |
| 1832 Asset Management L.P. 2.96% of their portfolio | 24.6m $1.5bn | Added +174.3k |
| NORGES BANK 0.29% of their portfolio | 23.5m $1.5bn | Added +947.1k |
| CIBC Asset Management Inc 4.34% of their portfolio | 17.8m $1.1bn | Added +708.4k |
| JPMORGAN CHASE & CO 0.12% of their portfolio | 17.4m $1.1bn | Added +1.5m |
| Beutel, Goodman & Co Ltd. 5.04% of their portfolio | 14.5m $898.8m | Added +1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.49% of their portfolio | 14.3m $883.8m | Reduced -400.7k |
| Connor, Clark & Lunn Investment Management Ltd. 3.82% of their portfolio | 12.3m $764.8m | Added +565.1k |
| Capital World Investors 0.14% of their portfolio | 11.4m $709.2m | Reduced -6.8m |
| FMR LLC 0.06% of their portfolio | 11.4m $708.8m | Reduced -13.1m |
| SCOTIA CAPITAL INC. 4.67% of their portfolio | 11.0m $681.1m | Added +617.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.22% of their portfolio | 10.8m $671.5m | Added +522.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 2.82% of their portfolio | 10.2m $629.8m | Added +1.5m |
| Legal & General Group Plc 0.20% of their portfolio | 10.0m $620.7m | Added +228.6k |
| TD Waterhouse Canada Inc. 7.56% of their portfolio | 9.1m $758.6m | Added +505.3k |
| DEUTSCHE BANK AG\ 0.24% of their portfolio | 7.4m $460.5m | Added +614.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.62% of their portfolio | 6.6m $407.4m | Reduced -5.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 6.5m $402.2m | Added +395.3k |
| Federation des caisses Desjardins du Quebec 3.62% of their portfolio | 5.8m $368.5m | Added +610.3k |
| Capital Research Global Investors 0.10% of their portfolio | 5.8m $358.3m | Added +64.0k |
| Fiera Capital Corp 1.00% of their portfolio | 5.6m $345.5m | Reduced -108.2k |
| MORGAN STANLEY 0.03% of their portfolio | 5.3m $331.2m | Reduced -206.6k |
| Invesco Ltd. 0.08% of their portfolio | 4.9m $305.5m | Added +994.4k |
| Alberta Investment Management Corp 2.86% of their portfolio | 4.8m $297.5m | Reduced -193.3k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 2.54% of their portfolio | 4.4m $270.8m | Added +335.1k |
| Hudson Bay Capital Management LP 2.49% of their portfolio | 4.0m $248.0m | New |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 3.8m $238.1m | Added +171.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.19% of their portfolio | 3.8m $238.4m | Reduced -754.6k |
| AGF MANAGEMENT LTD 1.68% of their portfolio | 3.7m $231.5m | Reduced -320.4k |
| APG Asset Management N.V. 0.42% of their portfolio | 3.6m $207.5m | Reduced -16.8k |
| CREDIT SUISSE AG/ 0.21% of their portfolio | 3.5m $215.8m | Reduced -76.0k |
| Public Sector Pension Investment Board 1.50% of their portfolio | 3.4m $208.9m | Reduced -274.6k |
| LETKO, BROSSEAU & ASSOCIATES INC 3.64% of their portfolio | 3.1m $195.2m | Added +18.0k |
| STATE STREET CORP 0.01% of their portfolio | 3.1m $193.6m | Added +3.1m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.57% of their portfolio | 2.9m $177.4m | Reduced -38.1k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.8m $172.4m | Added +889.0k |
| WELLS FARGO & COMPANY/MN 0.05% of their portfolio | 2.7m $164.6m | Reduced -126.4k |
| Amundi 0.08% of their portfolio | 2.4m $151.2m | Reduced -7.2k |
| MONTRUSCO BOLTON INVESTMENTS INC. 2.16% of their portfolio | 2.2m $139.1m | Reduced -64.9k |
| INTACT INVESTMENT MANAGEMENT INC. 5.65% of their portfolio | 2.2m $138.8m | Reduced -7.2k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.2m $138.3m | Added +51.0k |
| MUFG Securities EMEA plc 1.14% of their portfolio | 2.2m $179.6m | Added +887.3k |
| DekaBank Deutsche Girozentrale 0.29% of their portfolio | 2.1m $131.0m | Reduced -431.3k |
| Scheer, Rowlett & Associates Investment Management Ltd. 10.49% of their portfolio | 2.1m $131.1m | Added +92.1k |
| Credential Qtrade Securities Inc. 7.95% of their portfolio | 2.0m $126.4m | Added +74.3k |
| Caisse de depot et placement du Quebec 0.34% of their portfolio | 2.0m $126.2m | Added +396.8k |
| JARISLOWSKY, FRASER Ltd 0.73% of their portfolio | 2.0m $122.4m | Reduced -68.4k |
| CIDEL ASSET MANAGEMENT INC 5.34% of their portfolio | 1.9m $118.0m | Reduced -36.2k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.9m $115.1m | Added +210.7k |
| Canoe Financial LP 2.40% of their portfolio | 1.8m $114.6m | Added +205.1k |
| Cardinal Capital Management, Inc. 5.65% of their portfolio | 1.8m $112.7m | Reduced -24.7k |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 1.8m $109.9m | Added +20.9k |
| GUARDIAN CAPITAL LP 3.46% of their portfolio | 1.7m $108.0m | Reduced -323.9k |
| Korea Investment CORP 0.30% of their portfolio | 1.7m $107.4m | Added +106.3k |
| Addenda Capital Inc. 5.70% of their portfolio | 1.7m $135.7m | Reduced -3.3k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 1.5m $91.1m | Reduced -98.7k |
| CANADA LIFE ASSURANCE Co 0.22% of their portfolio | 1.5m $91.3m | Added +35.3k |
| UBS Group AG 0.04% of their portfolio | 1.4m $85.7m | Added +321.7k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 9.48% of their portfolio | 1.3m $82.3m | Added +35.3k |
| Quadrature Capital Ltd 1.77% of their portfolio | 1.3m $80.8m | Added +545.8k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 1.2m $73.6m | Reduced -81.3k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 1.2m $73.3m | Added +18.2k |
| Value Partners Investments Inc. 5.82% of their portfolio | 1.2m $72.5m | Added +1.7k |
| Dixon Mitchell Investment Counsel Inc. 4.13% of their portfolio | 1.2m $72.0m | Added +17.7k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.1m $69.0m | Reduced -239.0k |
| State of Tennessee, Department of Treasury 0.27% of their portfolio | 1.0m $65.1m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.17% of their portfolio | 945.0k $58.6m | Added +45.0k |
| BlackRock Inc. 0.00% of their portfolio | 918.2k $56.9m | Added +20.4k |
| Burgundy Asset Management Ltd. 0.63% of their portfolio | 863.3k $53.5m | Reduced -28.8k |
| BANK OF NOVA SCOTIA TRUST CO 5.50% of their portfolio | 849.4k $52.7m | Added +31.9k |
| GUARDIAN CAPITAL ADVISORS LP 5.83% of their portfolio | 847.3k $51.3m | Added +40.4k |
| Northwest & Ethical Investments L.P. 1.66% of their portfolio | 835.3k $51.8m | Added +81.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 833.8k $51.7m | Added +2.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 829.2k $51.5m | Added +25.2k |
| Advisors Capital Management, LLC 1.21% of their portfolio | 817.4k $50.7m | Added +44.3k |
| CITIGROUP INC 0.07% of their portfolio | 814.0k $50.5m | Reduced -57.1k |
| Nexus Investment Management ULC 5.36% of their portfolio | 793.4k $49.2m | Added +7.5k |
| QV Investors Inc. 4.35% of their portfolio | 778.5k $48.3m | Added +195.7k |
| Onex Canada Asset Management Inc. 2.89% of their portfolio | 769.4k $47.7m | Reduced -184.6k |
| PICTET ASSET MANAGEMENT SA 0.06% of their portfolio | 762.8k $47.3m | Added +30.5k |
| OMERS ADMINISTRATION Corp 0.69% of their portfolio | 719.0k $44.6m | Unchanged |
| AVIVA PLC 0.18% of their portfolio | 693.4k $43.0m | Reduced -32.8k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 622.7k $38.6m | Added +256.5k |
| Triasima Portfolio Management inc. 3.08% of their portfolio | 593.9k $48.8m | Reduced -480.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.12% of their portfolio | 593.5k $36.8m | Added +250.0k |
| Mawer Investment Management Ltd. 0.19% of their portfolio | 588.5k $36.5m | Added +4.3k |
| Ilmarinen Mutual Pension Insurance Co 0.42% of their portfolio | 530.7k $32.8m | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.14% of their portfolio | 524.9k $32.6m | Added +11.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 443.2k $27.5m | Added +305.0k |
| M&T Bank Corp 0.10% of their portfolio | 419.1k $26.0m | Reduced -17.0k |