Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in CP held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 53.0M | $4.17B | +0.1% | 5.908% | 0.73% |
| 2 | TCI Fund Management Ltd | 46.5M | $3.66B | -2.4% | 5.182% | 8.10% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 24.7M | $1.94B | β | 2.748% | 0.05% |
| 4 | Invesco Ltd. | 22.3M | $1.75B | -4.9% | 2.482% | 0.27% |
| 5 | FIL Ltd | 21.0M | $1.65B | +26.0% | 2.339% | 1.28% |
| 6 | FMR LLC | 20.2M | $1.59B | +39.9% | 2.245% | 0.09% |
| 7 | BANK OF MONTREAL /CAN/ | 19.8M | $1.56B | -5.7% | 2.205% | 0.59% |
| 8 | TD ASSET MANAGEMENT INC | 18.8M | $1.48B | +1.2% | 2.097% | 1.20% |
| 9 | WCM INVESTMENT MANAGEMENT, LLC | 16.1M | $1.25B | -1.4% | 1.792% | 2.85% |
| 10 | MACKENZIE FINANCIAL CORP | 15.6M | $1.23B | -2.8% | 1.741% | 1.48% |
| 11 | 1832 Asset Management L.P. | 14.1M | $1.11B | -1.3% | 1.575% | 1.47% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 8.8M | $701.2M | -0.2% | 0.981% | 0.04% |
| 13 | CAUSEWAY CAPITAL MANAGEMENT LLC | 8.8M | $689.9M | -30.2% | 0.979% | 8.47% |
| 14 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 8.1M | $637.1M | -22.6% | 0.903% | 0.55% |
| 15 | VANGUARD FIDUCIARY TRUST CO | 7.9M | $624.7M | β | 0.884% | 0.16% |
| 16 | GOLDMAN SACHS GROUP INC | 7.9M | $623.1M | +29.7% | 0.882% | 0.07% |
| 17 | CIBC World Markets Inc. | 7.8M | $613.5M | -7.5% | 0.869% | 1.00% |
| 18 | Legal & General Group Plc | 7.1M | $560.8M | -2.4% | 0.796% | 0.13% |
| 19 | Connor, Clark & Lunn Investment Management Ltd. | 7.1M | $557.1M | +34.5% | 0.788% | 1.28% |
| 20 | NATIONAL BANK OF CANADA /FI/ | 7.1M | $554.9M | -0.3% | 0.789% | 0.57% |
| 21 | Veritas Asset Management LLP | 6.9M | $539.2M | -26.7% | 0.764% | 9.13% |
| 22 | JANUS HENDERSON GROUP PLC | 6.7M | $530.6M | +9.8% | 0.752% | 0.26% |
| 23 | CIBC Asset Management Inc | 6.6M | $521.5M | -13.9% | 0.737% | 1.27% |
| 24 | Fisher Asset Management, LLC | 6.2M | $487.9M | +7.4% | 0.691% | 0.17% |
| 25 | TD Waterhouse Canada Inc. | 6.2M | $477.6M | +261.9% | 0.689% | 1.42% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in CP β a direct measure of their conviction.
Filings activity in CP during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new CP position in Q1 2026
Institutions that fully closed their CP position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 924 | 1.2% | 56.19% | +0.87 pp | $45.44B | +1.6% |
| Q4 2025 | 935 | +1.7% | 55.32% | 0.37 pp | $44.74B | 0.7% |
| Q3 2025 | 919 | 4.3% | 55.69% | 6.62 pp | $45.04B | 11% |
| Q2 2025 | 960 | +2.6% | 62.31% | +6.51 pp | $50.39B | +12% |
| Q1 2025 | 936 | 1.8% | 55.80% | 2.25 pp | $45.12B | 3.9% |
| Q4 2024 | 953 | +1.9% | 58.05% | 8.66 pp | $46.94B | 13% |
| Q3 2024 | 935 | +1.7% | 66.71% | +3.63 pp | $53.95B | +5.8% |
| Q2 2024 | 919 | β | 63.08% | β | $51.01B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying CP stock.
Based on Q1 2026 13F filings, institutional ownership of Canadian Pacific Kansas City Ltd. stands at 56.2%, held across 924 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of CP, with approximately 53,042,159 shares worth $4.17B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of CP, including TCI Fund Management Ltd, Fisher Asset Management, LLC.
Our composite Smart Money Score for CP is 56 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
106 institutions opened new positions in CP during Q1 2026, while 117 fully exited. 638 added to existing positions and 175 trimmed.
CP institutional ownership rose by 0.87 percentage points quarter-over-quarter, with a net change of -11 holders.
The top 10 institutions account for 44.6% of all reported 13F value in CP, and the top 25 account for 64.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Canadian Pacific Kansas City Ltd. (CP) Institutional Ownership