Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in MFC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 117.2M | $4.04B | -17.1% | 6.989% | 0.71% |
| 2 | BANK OF MONTREAL /CAN/ | 58.0M | $2.00B | +0.7% | 3.459% | 0.76% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 48.1M | $1.66B | — | 2.866% | 0.04% |
| 4 | TD ASSET MANAGEMENT INC | 40.7M | $1.40B | +6.7% | 2.430% | 1.14% |
| 5 | MACKENZIE FINANCIAL CORP | 29.9M | $1.03B | +4.7% | 1.783% | 1.24% |
| 6 | 1832 Asset Management L.P. | 28.2M | $972.9M | -1.1% | 1.685% | 1.29% |
| 7 | NATIONAL BANK OF CANADA /FI/ | 26.2M | $899.7M | +19.4% | 1.560% | 0.92% |
| 8 | TORONTO DOMINION BANK | 23.4M | $807.3M | -3.7% | 1.397% | 1.16% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 17.5M | $623.2M | +4.4% | 1.046% | 0.04% |
| 10 | CIBC World Markets Inc. | 17.5M | $603.8M | -35.5% | 1.046% | 0.99% |
| 11 | TD Waterhouse Canada Inc. | 16.7M | $580.5M | +142.1% | 0.995% | 1.72% |
| 12 | VANGUARD FIDUCIARY TRUST CO | 14.8M | $508.9M | — | 0.881% | 0.13% |
| 13 | CIBC Asset Management Inc | 14.1M | $487.7M | -16.4% | 0.842% | 1.19% |
| 14 | CANADA PENSION PLAN INVESTMENT BOARD | 13.0M | $447.6M | +17.9% | 0.775% | 0.29% |
| 15 | Vanguard Global Advisers, LLC | 11.9M | $410.6M | — | 0.711% | 0.22% |
| 16 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 11.7M | $403.0M | +183.7% | 0.698% | 0.66% |
| 17 | BANK OF NOVA SCOTIA | 11.4M | $391.6M | -4.8% | 0.678% | 0.68% |
| 18 | Legal & General Group Plc | 11.4M | $390.6M | +0.9% | 0.678% | 0.09% |
| 19 | SCOTIA CAPITAL INC. | 10.9M | $373.2M | -2.5% | 0.649% | 1.53% |
| 20 | MORGAN STANLEY | 10.4M | $359.2M | +2.5% | 0.622% | 0.02% |
| 21 | Federation des caisses Desjardins du Quebec | 9.2M | $313.5M | -8.3% | 0.546% | 1.13% |
| 22 | DIMENSIONAL FUND ADVISORS LP | 8.3M | $284.4M | -1.2% | 0.492% | 0.06% |
| 23 | WELLS FARGO & COMPANY/MN | 7.1M | $243.2M | -2.0% | 0.421% | 0.05% |
| 24 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 5.8M | $219.1M | +1.2% | 0.344% | 0.07% |
| 25 | Connor, Clark & Lunn Investment Management Ltd. | 6.1M | $211.3M | -18.9% | 0.366% | 0.49% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in MFC — a direct measure of their conviction.
Filings activity in MFC during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 745 | +0.1% | 37.72% | 4.98 pp | $25.49B | 12% |
| Q4 2025 | 744 | +8.5% | 42.70% | +6.08 pp | $28.86B | +17% |
| Q3 2025 | 686 | 4.1% | 36.62% | 25.99 pp | $24.75B | 42% |
| Q2 2025 | 715 | +2.9% | 62.61% | +25.97 pp | $42.32B | +71% |
| Q1 2025 | 695 | +2.5% | 36.64% | +0.05 pp | $24.76B | +0.1% |
| Q4 2024 | 678 | +5.0% | 36.59% | 4.76 pp | $24.73B | 11% |
| Q3 2024 | 646 | +4.0% | 41.35% | 158.64 pp | $27.95B | 85% |
| Q2 2024 | 621 | — | 199.99% | — | $181.68B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying MFC stock.
Based on Q1 2026 13F filings, institutional ownership of Manulife Financial Corporation stands at 37.7%, held across 745 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of MFC, with approximately 117,192,490 shares worth $4.04B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of MFC.
Our composite Smart Money Score for MFC is 27 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
87 institutions opened new positions in MFC during Q1 2026, while 86 fully exited. 156 added to existing positions and 495 trimmed.
MFC institutional ownership fell by 4.98 percentage points quarter-over-quarter, with a net change of +1 holders.
The top 10 institutions account for 55.0% of all reported 13F value in MFC, and the top 25 account for 77.1%.
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.
Manulife Financial Corporation (MFC) Institutional Ownership