Ranked by reported Q2 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 | 54.3M | $4.70B | +2.3% | 6.171% | 0.70% |
| 2 | TCI Fund Management Ltd | 45.3M | $3.93B | -2.6% | 5.156% | 7.44% |
| 3 | JPMORGAN CHASE & CO | 26.4M | $2.29B | +67.5% | 3.000% | 0.13% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 24.6M | $2.13B | -0.4% | 2.795% | 0.05% |
| 5 | FMR LLC | 24.3M | $2.11B | +20.6% | 2.766% | 0.09% |
| 6 | MACKENZIE FINANCIAL CORP | 17.0M | $2.10B | +9.1% | 1.940% | 2.10% |
| 7 | FIL Ltd | 21.2M | $1.84B | +1.0% | 2.414% | 1.32% |
| 8 | Invesco Ltd. | 20.5M | $1.77B | -8.1% | 2.328% | 0.14% |
| 9 | BANK OF MONTREAL /CAN/ | 19.9M | $1.73B | +0.7% | 2.268% | 0.57% |
| 10 | WCM INVESTMENT MANAGEMENT, LLC | 15.3M | $1.33B | -5.0% | 1.738% | 2.41% |
| 11 | TD ASSET MANAGEMENT INC | 14.6M | $1.26B | -22.5% | 1.659% | 1.10% |
| 12 | 1832 Asset Management L.P. | 14.1M | $1.22B | -0.4% | 1.602% | 0.61% |
| 13 | NORGES BANK | 13.7M | $1.18B | β | 1.555% | 0.12% |
| 14 | GEODE CAPITAL MANAGEMENT, LLC | 9.8M | $859.5M | +11.1% | 1.112% | 0.05% |
| 15 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 4.2M | $820.5M | -12.2% | 0.483% | 0.26% |
| 16 | GOLDMAN SACHS GROUP INC | 9.3M | $806.4M | +17.5% | 1.059% | 0.07% |
| 17 | Connor, Clark & Lunn Investment Management Ltd. | 9.3M | $803.0M | +31.0% | 1.055% | 1.52% |
| 18 | VANGUARD FIDUCIARY TRUST CO | 7.9M | $682.3M | -0.9% | 0.895% | 0.15% |
| 19 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 7.6M | $657.7M | -6.2% | 0.865% | 0.26% |
| 20 | CIBC WORLD MARKET INC. | 7.6M | $656.6M | -2.8% | 0.862% | 1.05% |
| 21 | NATIONAL BANK OF CANADA /FI/ | 7.1M | $610.3M | -0.3% | 0.803% | 0.44% |
| 22 | Legal & General Group Plc | 7.0M | $604.8M | -2.4% | 0.794% | 0.13% |
| 23 | CAUSEWAY CAPITAL MANAGEMENT LLC | 6.7M | $581.7M | -23.7% | 0.764% | 6.30% |
| 24 | Jupiter Topco LLC | 6.7M | $576.7M | β | 0.757% | 0.24% |
| 25 | MORGAN STANLEY | 6.3M | $546.5M | +27.9% | 0.717% | 0.03% |
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 Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new CP position in Q2 2026
Institutions that fully closed their CP position in Q2 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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 979 | +4.3% | 70.65% | +1.79 pp | $53.97B | +15% |
| Q1 2026 | 939 | 0.3% | 68.86% | 1.06 pp | $46.76B | +4.3% |
| Q4 2025 | 942 | +1.4% | 69.92% | 0.10 pp | $44.83B | 0.7% |
| Q3 2025 | 929 | 3.2% | 70.02% | 0.95 pp | $45.14B | 10% |
| Q2 2025 | 960 | +2.6% | 70.97% | +1.04 pp | $50.39B | +12% |
| Q1 2025 | 936 | 1.8% | 69.93% | 1.70 pp | $45.12B | 3.9% |
| Q4 2024 | 953 | +1.9% | 71.63% | 3.11 pp | $46.94B | 13% |
| Q3 2024 | 935 | β | 74.74% | β | $53.95B | 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 Q2 2026 13F filings, institutional ownership of Canadian Pacific Kansas City Ltd. stands at 70.7%, held across 979 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of CP, with approximately 54,251,133 shares worth $4.70B as of Q2 2026.
Yes β 1 widely-followed marquee investor appear among the top 25 institutional holders of CP, including TCI Fund Management Ltd.
Our composite Smart Money Score for CP is 67 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
90 institutions opened new positions in CP during Q2 2026, while 50 fully exited. 720 added to existing positions and 133 trimmed.
CP institutional ownership rose by 1.79 percentage points quarter-over-quarter, with a net change of +40 holders.
The top 10 institutions account for 44.3% of all reported 13F value in CP, and the top 25 account for 66.3%.
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