58% buyers of institutions opening or closing positions this quarter
34 more new buyers than exits, ownership rose 0.84 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
58% buyers of institutions opening or closing positions this quarter
40.9% institutional ownership
Federation des caisses portfolio allocation
Institutional ownership vs Banks - Diversified peers
No Form 4 insider transactions on file
Latest positioning in RY across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in RY held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 73.1M | $11.82B | -0.1% | 5.217% | 2.07% |
| 2 | Employees Provident Fund Board | 173K | $11.62B | β | 0.012% | 0.02% |
| 3 | BANK OF MONTREAL /CAN/ | 63.2M | $10.22B | +2.2% | 4.513% | 3.80% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 42.2M | $6.83B | β | 3.015% | 0.17% |
| 5 | TD ASSET MANAGEMENT INC | 30.4M | $4.90B | -2.1% | 2.173% | 3.98% |
| 6 | FIL Ltd | 22.1M | $3.58B | -4.9% | 1.580% | 2.78% |
| 7 | CIBC World Markets Inc. | 20.4M | $3.30B | -5.4% | 1.459% | 5.39% |
| 8 | MACKENZIE FINANCIAL CORP | 19.5M | $3.15B | -7.3% | 1.391% | 3.78% |
| 9 | 1832 Asset Management L.P. | 16.5M | $2.67B | -2.1% | 1.179% | 2.45% |
| 10 | NATIONAL BANK OF CANADA /FI/ | 16.2M | $2.61B | -2.6% | 1.156% | 2.34% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 14.4M | $2.39B | +4.5% | 1.025% | 0.15% |
| 12 | FMR LLC | 13.9M | $2.25B | -2.8% | 0.993% | 0.12% |
| 13 | Federation des caisses Desjardins du Quebec | 13.4M | $2.17B | +44.5% | 0.960% | 7.79% |
| 14 | BANK OF NOVA SCOTIA | 12.8M | $2.06B | -16.2% | 0.911% | 3.60% |
| 15 | TORONTO DOMINION BANK | 12.7M | $2.05B | -22.6% | 0.905% | 2.94% |
| 16 | VANGUARD FIDUCIARY TRUST CO | 12.3M | $1.99B | β | 0.879% | 0.51% |
| 17 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 12.1M | $1.96B | +2.1% | 0.866% | 1.68% |
| 18 | TD Waterhouse Canada Inc. | 11.9M | $1.93B | +119.1% | 0.848% | 5.72% |
| 19 | Connor, Clark & Lunn Investment Management Ltd. | 10.8M | $1.75B | -6.1% | 0.774% | 4.04% |
| 20 | CIBC Asset Management Inc | 10.5M | $1.69B | -3.3% | 0.748% | 4.14% |
| 21 | CANADA PENSION PLAN INVESTMENT BOARD | 10.0M | $1.61B | +0.9% | 0.712% | 1.04% |
| 22 | Vanguard Global Advisers, LLC | 9.8M | $1.59B | β | 0.703% | 0.86% |
| 23 | SCOTIA CAPITAL INC. | 8.9M | $1.44B | -1.9% | 0.636% | 5.91% |
| 24 | Legal & General Group Plc | 8.6M | $1.39B | -1.5% | 0.617% | 0.32% |
| 25 | Fisher Asset Management, LLC | 6.7M | $1.09B | +5.3% | 0.479% | 0.37% |
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 RY β a direct measure of their conviction.
Filings activity in RY during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new RY position in Q1 2026
Institutions that fully closed their RY 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 | 922 | +3.8% | 40.90% | +0.84 pp | $108.79B | +2.1% |
| Q4 2025 | 888 | +9.4% | 40.06% | +6.15 pp | $106.56B | +18% |
| Q3 2025 | 812 | +3.7% | 33.91% | 166.08 pp | $90.21B | 96% |
| Q2 2025 | 783 | +5.5% | 199.99% | +173.97 pp | $2.01T | +2810% |
| Q1 2025 | 742 | 1.3% | 26.02% | 4.14 pp | $69.21B | 14% |
| Q4 2024 | 752 | +7.1% | 30.16% | 31.75 pp | $80.22B | 51% |
| Q3 2024 | 702 | +6.2% | 61.91% | 138.08 pp | $164.67B | 87% |
| Q2 2024 | 661 | β | 199.99% | β | $1.28T | 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.
No recent Form 4 insider transactions on file for RY.
Quick answers to the most common questions about buying RY stock.
Based on Q1 2026 13F filings, institutional ownership of Royal Bank of Canada stands at 40.9%, held across 922 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of RY, with approximately 73,050,835 shares worth $11.82B 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 RY.
Our composite Smart Money Score for RY is 43 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
122 institutions opened new positions in RY during Q1 2026, while 88 fully exited. 178 added to existing positions and 620 trimmed.
RY institutional ownership rose by 0.84 percentage points quarter-over-quarter, with a net change of β holders.
The top 10 institutions account for 55.8% of all reported 13F value in RY, and the top 25 account for 80.9%.
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.