Rogers Communications Inc. (RCI) Institutional Ownership
Q1 2026 13F Data|Updated 2026-06-13
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Institutional ownership decreased this quarter (-0.76 pp), while top 10 holders maintain a highly concentrated 59.6% of value.
Institutional Ownership49.5%$10.3B total value · ▼ 0.76 pp vs prior quarter
Can exceed 100% due to securities lending, short interest, and reporting timing differences.
Smart Money Score34 / 100Bearish
Based on ownership concentration, fund quality, buying/selling activity, conviction signals, and institutional trend.
Institutions & Flow308 holders+13 net flow (+52 / -39)
AI Insights & Key Takeaways
- Positive Institutional Flow (+13)
- Top 10 holders control 59.6% of institutional value
- No Insider Signal
Top Institutional Holders of RCI
Ranked by reported Q1 2026 13F market value
Top 10 Holders
59.6%
Top 25 Holders
81.8%
Share of total reported institutional value in RCI held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 39.4M | $1.51B | +6.5% | 7.287% | 0.27% |
| 2 | BANK OF MONTREAL /CAN/ | 27.2M | $1.05B | -0.9% | 5.036% | 0.40% |
| 3 | FIL Ltd | 25.9M | $997.5M | -16.5% | 4.801% | 0.77% |
| 4 | CIBC World Markets Inc. | 14.2M | $545.6M | +1.5% | 2.627% | 0.89% |
| 5 | NATIONAL BANK OF CANADA /FI/ | 11.0M | $419.8M | +11.7% | 2.028% | 0.43% |
| 6 | SIG North Trading, ULC | 10.1M | $390.1M | -13.4% | 1.878% | 10.92% |
| 7 | TD ASSET MANAGEMENT INC | 8.7M | $334.8M | +2.3% | 1.616% | 0.27% |
| 8 | 1832 Asset Management L.P. | 8.3M | $318.0M | -17.7% | 1.531% | 0.42% |
| 9 | D. E. Shaw & Co., Inc. | 7.7M | $294.8M | +37.0% | 1.419% | 0.28% |
| 10 | Fiera Capital Corp | 7.4M | $285.6M | +3.4% | 1.377% | 0.98% |
| 11 | LETKO, BROSSEAU & ASSOCIATES INC | 6.5M | $249.6M | -1.7% | 1.205% | 4.02% |
| 12 | BANK OF NOVA SCOTIA | 6.3M | $241.5M | +7.6% | 1.163% | 0.42% |
| 13 | TORONTO DOMINION BANK | 5.7M | $217.8M | -27.2% | 1.048% | 0.31% |
| 14 | TD Waterhouse Canada Inc. | 4.8M | $179.0M | +95.0% | 0.883% | 0.53% |
| 15 | MACKENZIE FINANCIAL CORP | 4.4M | $168.1M | -31.8% | 0.809% | 0.20% |
| 16 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 4.3M | $167.1M | -33.7% | 0.804% | 0.09% |
| 17 | GEODE CAPITAL MANAGEMENT, LLC | 4.1M | $163.9M | +4.1% | 0.750% | 0.01% |
| 18 | SCOTIA CAPITAL INC. | 3.8M | $145.5M | -3.6% | 0.707% | 0.60% |
| 19 | Connor, Clark & Lunn Investment Management Ltd. | 3.2M | $122.4M | +449.0% | 0.589% | 0.28% |
| 20 | MORGAN STANLEY | 3.2M | $121.6M | -37.8% | 0.585% | 0.01% |
| 21 | PICTON MAHONEY ASSET MANAGEMENT | 3.0M | $115.1M | +7.0% | 0.554% | 1.15% |
| 22 | CANADA PENSION PLAN INVESTMENT BOARD | 2.9M | $109.9M | +111.0% | 0.529% | 0.07% |
| 23 | FIRST TRUST ADVISORS LP | 2.6M | $100.3M | -8.6% | 0.483% | 0.07% |
| 24 | AGF MANAGEMENT LTD | 1.7M | $91.6M | +3.9% | 0.322% | 0.41% |
| 25 | GOLDMAN SACHS GROUP INC | 2.3M | $89.5M | -31.3% | 0.431% | 0.01% |
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 RCI — a direct measure of their conviction.
Quarterly Institutional Activity
Filings activity in RCI during Q1 2026, grouped by how each filer changed its position.
- ROYAL BANK OF CANADA$1.51B
- BANK OF MONTREAL /CAN/$1.05B
- CIBC World Markets Inc.$545.6M
- NATIONAL BANK OF CANADA /FI/$419.8M
- TD ASSET MANAGEMENT INC$334.8M
- D. E. Shaw & Co., Inc.$294.8M
- Fiera Capital Corp$285.6M
- BANK OF NOVA SCOTIA$241.5M
- TD Waterhouse Canada Inc.$179.0M
- GEODE CAPITAL MANAGEMENT, LLC$163.9M
- Connor, Clark & Lunn Investment Management Ltd.$122.4M
- PICTON MAHONEY ASSET MANAGEMENT$115.1M
RCI Institutional Ownership by Quarter
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 | 308 | +4.4% | 49.49% | 0.76 pp | $10.31B | 1.5% |
| Q4 2025 | 295 | +7.7% | 50.25% | +4.18 pp | $10.47B | +9.1% |
| Q3 2025 | 274 | +6.2% | 46.07% | 34.43 pp | $9.60B | 43% |
| Q2 2025 | 258 | +3.6% | 80.50% | +47.21 pp | $16.77B | +142% |
| Q1 2025 | 249 | 4.6% | 33.29% | 1.45 pp | $6.93B | 4.2% |
| Q4 2024 | 261 | 5.4% | 34.74% | 8.93 pp | $7.24B | 20% |
| Q3 2024 | 276 | +1.8% | 43.67% | 156.32 pp | $9.10B | 88% |
| Q2 2024 | 271 | — | 199.99% | — | $74.53B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
RCI — Frequently Asked Questions
Quick answers to the most common questions about buying RCI stock.
What percentage of RCI is owned by institutions?
Based on Q1 2026 13F filings, institutional ownership of Rogers Communications Inc. stands at 49.5%, held across 308 reporting institutions.
Who is the largest institutional holder of RCI?
ROYAL BANK OF CANADA is the largest reported institutional holder of RCI, with approximately 39,364,296 shares worth $1.51B as of Q1 2026.
Is RCI a hedge fund favorite?
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of RCI.
What is RCI's Smart Money Score?
Our composite Smart Money Score for RCI is 34 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
How many institutions bought RCI this quarter?
52 institutions opened new positions in RCI during Q1 2026, while 39 fully exited. 166 added to existing positions and 87 trimmed.
How is institutional ownership of RCI changing?
RCI institutional ownership fell by 0.76 percentage points quarter-over-quarter, with a net change of +13 holders.
How concentrated is RCI ownership among the top holders?
The top 10 institutions account for 59.6% of all reported 13F value in RCI, and the top 25 account for 81.8%.
Where does this RCI institutional ownership data come from?
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.