Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
240 institutional managers reported holding TFII for the quarter ended Mar 31, 2026. Together they hold about 68% of shares outstanding; the top 10 hold 43%. 39 opened new positions; 28 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| Caisse de depot et placement du Quebec | 7.16M | 8.62% | $779.5M | added +1% | 2023 Q3 |
| FIL LTD | 4.78M | 5.76% | $520.9M | trimmed -20.8% | 2020 Q2 |
| 1832 Asset Management L.p. | 3.98M | 4.79% | $433.5M | trimmed -13.8% | 2020 Q2 |
| Janus Henderson | 3.70M | 4.46% | $403.3M | trimmed -2.1% | 2021 Q4 |
| FMR (Fidelity) | 3.65M | 4.40% | $397.8M | trimmed -7.7% | 2020 Q1 |
| Vanguard Group | 3.45M | 4.16% | $376.2M | added +0.7% | 2020 Q1 |
| Royal Bank OF Canada | 3.07M | 3.70% | $334.7M | added +53.6% | 2020 Q1 |
| Federation des caisses Desjardins du Quebec | 2.21M | 2.66% | $240.8M | added +2% | 2020 Q1 |
| Manufacturers Life Insurance Company, THE | 2.04M | 2.46% | $222.2M | added +33% | 2020 Q1 |
| National Bank OF Canada /FI/ | 1.41M | 1.70% | $153.5M | trimmed -8.7% | 2021 Q4 |
| Maple Rock Capital Partners INC. (focused) | 1.36M | 1.64% | $148.3M | opened | 2024 Q1 |
| Bank OF Montreal /CAN/ | 1.19M | 1.43% | $129.6M | added +25.4% | 2020 Q1 |
| Turtle Creek Asset Management INC. (focused) | 1.08M | 1.30% | $117.9M | trimmed -21.3% | 2020 Q1 |
| Baillie Gifford | 896.3k | 1.08% | $97.6M | trimmed -13% | 2024 Q4 |
| Dixon Mitchell Investment Counsel INC. | 884.5k | 1.06% | $96.3M | trimmed -2.3% | 2020 Q1 |
| Geode Capital | 730.5k | 0.88% | $79.6M | unchanged | 2020 Q1 |
| Clearbridge Investments, LLC | 630.6k | 0.76% | $68.7M | opened | 2026 Q1 |
| Cibc World Market INC. | 630.2k | 0.76% | $68.6M | trimmed -17.1% | 2020 Q1 |
| Mackenzie Financial CORP | 567.8k | 0.68% | $61.8M | added +300.3% | 2020 Q2 |
| AQR Capital | 565.6k | 0.68% | $61.6M | trimmed -16.7% | 2025 Q4 |
| TD Asset Management INC | 536.2k | 0.65% | $58.4M | trimmed -32.7% | 2020 Q1 |
| Morgan Stanley | 520.6k | 0.63% | $56.7M | added +71.4% | 2020 Q1 |
| CPP Investment Board | 457.8k | 0.55% | $49.9M | added +9.3% | 2021 Q4 |
| Legal & General Group PLC | 453.4k | 0.55% | $49.4M | added +2.9% | 2020 Q1 |
| Arrowstreet Capital | 449.1k | 0.54% | $48.9M | added +38.7% | 2022 Q4 |
| Cibc Asset Management INC | 435.0k | 0.52% | $47.4M | added +452.1% | 2020 Q1 |
| Baskin Financial Services INC. | 421.2k | 0.51% | $45.9M | trimmed -1.5% | 2020 Q1 |
| QV Investors INC. | 401.3k | 0.48% | $43.7M | trimmed -2.1% | 2022 Q2 |
| Cdam (UK) LTD (focused) | 394.6k | 0.47% | $43.0M | trimmed -1.9% | 2022 Q3 |
| Turas Capital Management LP (focused) | 394.4k | 0.47% | $43.0M | opened | 2026 Q1 |
| Goldman Sachs | 390.8k | 0.47% | $42.6M | added +10.6% | 2020 Q1 |
| Scotia Capital INC. | 349.8k | 0.42% | $38.1M | trimmed -6.8% | 2020 Q1 |
| Hauser Brothers GmbH (focused) | 326.9k | 0.39% | $35.6M | added +1.5% | 2023 Q4 |
| Dimensional Fund Advisors | 287.3k | 0.35% | $31.3M | added +81.8% | 2020 Q4 |
| Charles Schwab Investment Management | 280.2k | 0.34% | $30.5M | added +11.1% | 2024 Q2 |
| Swiss National Bank | 263.1k | 0.32% | $28.7M | added +27% | 2020 Q1 |
| Scheer, Rowlett & Associates Investment Management LTD. (focused) | 242.2k | 0.29% | $26.4M | trimmed -10.4% | 2025 Q3 |
| Montrusco Bolton Investments INC. | 238.2k | 0.29% | $25.9M | trimmed -20.4% | 2020 Q1 |
| Two Sigma | 231.8k | 0.28% | $25.2M | trimmed -43.2% | 2022 Q4 |
| Connor, Clark & Lunn Investment Management LTD. | 230.1k | 0.28% | $25.1M | trimmed -67.2% | 2020 Q1 |
| TD Waterhouse Canada INC. | 226.4k | 0.27% | $24.7M | trimmed -20.8% | 2021 Q4 |
| Bank OF America CORP /DE/ | 188.3k | 0.23% | $20.5M | added +19% | 2020 Q1 |
| Northwest & Ethical Investments L.p. | 178.1k | 0.21% | $19.4M | trimmed -6.1% | 2020 Q2 |
| MFS Investment Management | 155.3k | 0.19% | $16.9M | trimmed -19.4% | 2021 Q1 |
| Toronto Dominion Bank | 147.5k | 0.18% | $16.1M | added +3.1% | 2020 Q1 |
| Hill City Capital, LP (focused) | 145.0k | 0.17% | $15.8M | unchanged | 2021 Q1 |
| Addenda Capital INC. | 135.3k | 0.16% | $14.7M | trimmed -3.2% | 2021 Q2 |
| Deutsche Bank AG\ | 134.5k | 0.16% | $14.7M | added +6.6% | 2020 Q1 |
| Nicholas Investment Partners, LP | 133.6k | 0.16% | $14.6M | added +55.4% | 2020 Q1 |
| Invesco | 131.4k | 0.16% | $14.3M | trimmed -30.8% | 2020 Q1 |
Largest 50 of 240 shown; the full ranked, searchable register is at boothcheck.com/holders/TFII. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.