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 ($1.3bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.69. Options: 29 managers hold calls ($862.9m notional), 27 hold puts ($1.0bn).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 672 |
| Q4 2022 | 708 |
| Q1 2023 | 695 |
| Q2 2023 | 688 |
| Q3 2023 | 650 |
| Q4 2023 | 702 |
| Q1 2024 | 701 |
| Q2 2024 | 672 |
| Q3 2024 | 688 |
| Q4 2024 | 639 |
| Q1 2025 | 637 |
| Q2 2025 | 683 |
| Q3 2025 | 709 |
| Q4 2025 | 800 |
| Q1 2026 | 841 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 231 | 381 |
| Q3 2024 | 265 | 335 |
| Q4 2024 | 199 | 393 |
| Q1 2025 | 271 | 288 |
| Q2 2025 | 306 | 266 |
| Q3 2025 | 313 | 268 |
| Q4 2025 | 353 | 266 |
| Q1 2026 | 360 | 312 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.3bn | $1.3bn | 1.01 |
| Q3 2025 | $1.1bn | $1.3bn | 1.23 |
| Q4 2025 | $1.2bn | $1.6bn | 1.32 |
| Q1 2026 | $862.9m | $1.0bn | 1.21 |
Biggest buyers
| TD Waterhouse Canada Inc. | Added | +11.4m |
| BANK OF MONTREAL /CAN/ | Added | +5.6m |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Added | +2.2m |
| GOLDMAN SACHS GROUP INC | Added | +2.0m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.8m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +1.5m |
| JONES FINANCIAL COMPANIES LLLP | Added | +1.3m |
| Alberta Investment Management Corp | Added | +1.0m |
| Alyeska Investment Group, L.P. | New | +942.0k |
| TWO SIGMA INVESTMENTS, LP | New | +880.1k |
Biggest sellers
| BANK OF NOVA SCOTIA | Reduced | -7.0m |
| ROYAL BANK OF CANADA | Reduced | -6.8m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -5.4m |
| FIL Ltd | Reduced | -4.3m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -3.2m |
| Capital Research Global Investors | Reduced | -2.8m |
| CIBC Asset Management Inc | Reduced | -2.2m |
| 1832 Asset Management L.P. | Reduced | -1.9m |
| Skandinaviska Enskilda Banken AB (publ) | Sold out | -1.9m |
| MACKENZIE FINANCIAL CORP | Reduced | -1.4m |
Biggest calls
| ROYAL BANK OF CANADA | Added | $180.7m1.9m shares |
| BANK OF MONTREAL /CAN/ | Added | $138.0m1.5m shares |
| D. E. Shaw & Co., Inc. | Reduced | $112.0m1.2m shares |
| TORONTO DOMINION BANK | Reduced | $67.9m726.9k shares |
| CITADEL ADVISORS LLC | Reduced | $63.6m681.7k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $62.4m6.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $37.7m404.0k shares |
| SIG North Trading, ULC | Reduced | $35.8m384.2k shares |
| Murchinson Ltd. | Added | $23.8m255.0k shares |
| Twin Tree Management, LP | Added | $22.7m242.8k shares |
Biggest puts
| D. E. Shaw & Co., Inc. | Reduced | $295.7m3.2m shares |
| ROYAL BANK OF CANADA | Reduced | $243.5m2.6m shares |
| SIG North Trading, ULC | Reduced | $122.0m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $73.8m791.4k shares |
| TORONTO DOMINION BANK | Reduced | $59.3m635.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $46.9m502.9k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $37.4m400.0k shares |
| Flat Footed LLC | New | $28.2m302.5k shares |
| Murchinson Ltd. | Added | $23.8m255.0k shares |
| Point72 Asset Management, L.P. | Added | $16.6m177.7k 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.
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 Q1 2026
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 Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 2.03% of their portfolio | 114.5m $10.7bn | Reduced -6.8m |
| BANK OF MONTREAL /CAN/ 2.89% of their portfolio | 75.3m $7.0bn | Added +5.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 50.5m $4.7bn | First filing |
| CIBC WORLD MARKET INC. 6.45% of their portfolio | 39.3m $3.7bn | Added +653.7k |
| TD Asset Management Inc 2.84% of their portfolio | 37.7m $3.5bn | Added +57.9k |
| 1832 Asset Management L.P. 3.75% of their portfolio | 30.3m $2.8bn | Reduced -1.9m |
| NATIONAL BANK OF CANADA /FI/ 2.62% of their portfolio | 27.4m $2.6bn | Added +1.8m |
| FIL Ltd 1.94% of their portfolio | 26.7m $2.5bn | Reduced -4.3m |
| MACKENZIE FINANCIAL CORP 2.70% of their portfolio | 24.1m $2.3bn | Reduced -1.4m |
| TD Waterhouse Canada Inc. 5.77% of their portfolio | 20.7m $1.9bn | Added +11.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 17.5m $1.7bn | Added +790.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.36% of their portfolio | 16.9m $1.6bn | Reduced -87.4k |
| VANGUARD FIDUCIARY TRUST CO 0.35% of their portfolio | 14.8m $1.4bn | First filing |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.49% of their portfolio | 14.2m $1.4bn | Reduced -991.7k |
| BANK OF NOVA SCOTIA 2.04% of their portfolio | 12.5m $1.2bn | Reduced -7.0m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.75% of their portfolio | 12.5m $1.2bn | Reduced -1.0m |
| CIBC Asset Management Inc 2.73% of their portfolio | 12.0m $1.1bn | Reduced -2.2m |
| Vanguard Global Advisers, LLC 0.59% of their portfolio | 11.8m $1.1bn | First filing |
| FMR LLC 0.05% of their portfolio | 11.0m $1.0bn | Reduced -100.0k |
| Connor, Clark & Lunn Investment Management Ltd. 2.29% of their portfolio | 10.6m $992.6m | Added +1.5m |
| SCOTIA CAPITAL INC. 4.06% of their portfolio | 10.6m $987.4m | Reduced -98.7k |
| Legal & General Group Plc 0.22% of their portfolio | 10.4m $965.2m | Added +219.6k |
| Federation des caisses Desjardins du Quebec 3.20% of their portfolio | 9.6m $889.5m | Reduced -349.3k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 7.6m $699.5m | Added +630.1k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 7.6m $706.0m | Added +589.3k |
| Beutel, Goodman & Co Ltd. 4.66% of their portfolio | 7.4m $687.4m | Reduced -629.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.00% of their portfolio | 6.5m $604.1m | Reduced -5.4m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 6.2m $576.4m | Added +2.0m |
| MORGAN STANLEY 0.03% of their portfolio | 6.0m $558.9m | Added +703.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.72% of their portfolio | 5.5m $510.1m | Reduced -3.2m |
| Invesco Ltd. 0.05% of their portfolio | 5.5m $508.9m | Added +466.8k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 2.78% of their portfolio | 5.0m $470.0m | Added +2.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 5.0m $468.4m | Added +75.3k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 5.0m $463.5m | Added +358.4k |
| DEUTSCHE BANK AG\ 0.14% of their portfolio | 4.6m $433.2m | Reduced -55.1k |
| Alberta Investment Management Corp 2.41% of their portfolio | 4.2m $391.9m | Added +1.0m |
| PICTON MAHONEY ASSET MANAGEMENT 3.65% of their portfolio | 3.7m $350.0m | Added +349.7k |
| Amundi 0.08% of their portfolio | 3.1m $289.7m | Reduced -344.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.25% of their portfolio | 3.1m $287.0m | First filing |
| Capital Research Global Investors 0.04% of their portfolio | 3.0m $276.0m | Reduced -2.8m |
| Caisse de depot et placement du Quebec 0.44% of their portfolio | 2.9m $273.8m | Added +678.9k |
| Public Sector Pension Investment Board 0.85% of their portfolio | 2.9m $273.9m | Added +653.3k |
| STATE STREET CORP 0.01% of their portfolio | 2.9m $268.3m | Added +14.1k |
| AGF MANAGEMENT LTD 1.30% of their portfolio | 2.6m $290.7m | Reduced -402.1k |
| TORONTO DOMINION BANK 0.47% of their portfolio | 2.6m $241.2m | Added +93.7k |
| LETKO, BROSSEAU & ASSOCIATES INC 3.78% of their portfolio | 2.5m $234.2m | Reduced -226.7k |
| MUFG SECURITIES (CANADA), LTD. 6.67% of their portfolio | 2.5m $232.1m | Reduced -93.5k |
| BlackRock, Inc. 0.00% of their portfolio | 2.0m $190.4m | Added +135.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.47% of their portfolio | 2.0m $182.5m | Added +114.9k |
| UBS Group AG 0.03% of their portfolio | 1.9m $177.4m | Reduced -421.8k |
| Clearbridge Investments, LLC 0.15% of their portfolio | 1.8m $169.9m | Reduced -251.4k |
| Aviso Financial Inc. 5.61% of their portfolio | 1.7m $158.0m | Added +2.3k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 1.6m $153.8m | Added +153.2k |
| OMERS ADMINISTRATION Corp 0.97% of their portfolio | 1.6m $150.6m | Reduced -239.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.6m $148.9m | Reduced -69.9k |
| AVIVA PLC 0.24% of their portfolio | 1.5m $140.2m | Added +39.0k |
| Dixon Mitchell Investment Counsel Inc. 4.85% of their portfolio | 1.5m $139.5m | Reduced -102.7k |
| SEB Asset Management AB 0.59% of their portfolio | 1.5m $139.1m | First filing |
| Nuveen, LLC 0.04% of their portfolio | 1.5m $135.7m | Reduced -8.8k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 1.4m $131.3m | Added +114.2k |
| NATIXIS ADVISORS, LLC 0.18% of their portfolio | 1.4m $130.9m | Added +119.1k |
| Scheer, Rowlett & Associates Investment Management Ltd. 9.18% of their portfolio | 1.4m $127.6m | Reduced -225.0k |
| JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio | 1.3m $120.8m | Added +1.3m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.3m $122.8m | Added +32.8k |
| GUARDIAN CAPITAL LP 3.21% of their portfolio | 1.3m $121.2m | Reduced -18.2k |
| Addenda Capital Inc. 4.76% of their portfolio | 1.3m $169.0m | Reduced -2.7k |
| Quadrature Capital Ltd 1.43% of their portfolio | 1.3m $119.9m | Added +80.3k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.3m $116.4m | Reduced -193.1k |
| INTACT INVESTMENT MANAGEMENT INC. 3.34% of their portfolio | 1.3m $117.3m | Reduced -1.1m |
| Hillsdale Investment Management Inc. 3.05% of their portfolio | 1.2m $112.2m | Added +34.9k |
| DekaBank Deutsche Girozentrale 0.18% of their portfolio | 1.1m $108.2m | Unchanged |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 1.1m $104.2m | Added +162.1k |
| Korea Investment CORP 0.21% of their portfolio | 1.1m $101.6m | Added +137.4k |
| Clark Capital Management Group, Inc. 0.61% of their portfolio | 1.1m $99.3m | Reduced -70.6k |
| State of Tennessee, Department of Treasury 0.30% of their portfolio | 952.3k $88.7m | Reduced -5.7k |
| Alyeska Investment Group, L.P. 0.25% of their portfolio | 942.0k $87.9m | New |
| Pictet Asset Management Holding SA 0.09% of their portfolio | 923.1k $85.9m | Reduced -19.5k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 880.1k $82.1m | New |
| CANADA LIFE ASSURANCE Co 0.14% of their portfolio | 851.4k $79.5m | Reduced -70.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.09% of their portfolio | 790.1k $73.8m | Added +533.7k |
| Vanguard Investments Australia, Ltd. 0.21% of their portfolio | 787.1k $73.5m | First filing |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.16% of their portfolio | 766.6k $71.4m | Added +40.6k |
| BANK OF NOVA SCOTIA TRUST CO 5.98% of their portfolio | 746.3k $69.6m | Reduced -13.7k |
| BESSEMER GROUP INC 0.10% of their portfolio | 711.9k $66.3m | Added +22.9k |
| INTECH INVESTMENT MANAGEMENT LLC 0.65% of their portfolio | 708.0k $65.9m | Added +256.6k |
| Guardian Partners Inc. 5.47% of their portfolio | 702.8k $65.6m | Reduced -13.2k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 6.97% of their portfolio | 690.4k $65.5m | Reduced -138.9k |
| Northwest & Ethical Investments L.P. 1.49% of their portfolio | 688.5k $64.6m | Reduced -28.9k |
| LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio | 665.9k $62.2m | Added +311.8k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 663.5k $62.0m | Added +151.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.19% of their portfolio | 645.9k $60.1m | Reduced -1.2k |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 631.9k $59.0m | Added +494.3k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 601.5k $56.1m | Added +39.6k |
| CITIGROUP INC 0.03% of their portfolio | 586.8k $54.6m | Reduced -236.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 573.9k $53.5m | Reduced -251.0k |
| CIDEL ASSET MANAGEMENT INC 2.91% of their portfolio | 572.7k $53.3m | Added +371.1k |
| Delaney Capital Management Ltd. 8.55% of their portfolio | 570.9k $53.2m | Added +1.4k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 566.0k $52.3m | Added +69.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.12% of their portfolio | 546.1k $50.8m | Reduced -88.5k |
| Purpose Unlimited Inc. 2.10% of their portfolio | 544.3k $50.8m | Added +40.4k |