Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SLF held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 44.1M | $2.76B | -10.5% | 7.965% | 0.48% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 16.0M | $1.00B | — | 2.884% | 0.03% |
| 3 | TD ASSET MANAGEMENT INC | 14.0M | $875.7M | -8.6% | 2.532% | 0.71% |
| 4 | BANK OF MONTREAL /CAN/ | 10.6M | $664.0M | -3.6% | 1.913% | 0.25% |
| 5 | CIBC World Markets Inc. | 9.8M | $616.8M | +28.6% | 1.778% | 1.01% |
| 6 | 1832 Asset Management L.P. | 9.1M | $567.0M | -11.2% | 1.637% | 0.75% |
| 7 | TORONTO DOMINION BANK | 8.5M | $535.3M | -6.2% | 1.542% | 0.77% |
| 8 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 6.9M | $434.7M | -9.2% | 1.254% | 0.37% |
| 9 | BANK OF NOVA SCOTIA | 6.9M | $430.2M | +14.7% | 1.240% | 0.75% |
| 10 | NATIONAL BANK OF CANADA /FI/ | 6.7M | $417.1M | +5.7% | 1.206% | 0.43% |
| 11 | MACKENZIE FINANCIAL CORP | 6.1M | $382.3M | -1.7% | 1.102% | 0.46% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 5.8M | $375.0M | +4.6% | 1.045% | 0.02% |
| 13 | FMR LLC | 5.8M | $366.3M | +8.8% | 1.056% | 0.02% |
| 14 | TD Waterhouse Canada Inc. | 5.5M | $345.9M | +152.7% | 0.998% | 1.03% |
| 15 | Federation des caisses Desjardins du Quebec | 5.5M | $341.0M | -1.7% | 0.990% | 1.23% |
| 16 | VANGUARD FIDUCIARY TRUST CO | 4.9M | $307.6M | — | 0.887% | 0.08% |
| 17 | CANADA PENSION PLAN INVESTMENT BOARD | 4.0M | $250.1M | -19.9% | 0.721% | 0.16% |
| 18 | Vanguard Global Advisers, LLC | 4.0M | $247.7M | — | 0.714% | 0.13% |
| 19 | Legal & General Group Plc | 3.8M | $239.2M | -1.7% | 0.691% | 0.06% |
| 20 | LETKO, BROSSEAU & ASSOCIATES INC | 3.3M | $203.9M | +1.8% | 0.589% | 3.29% |
| 21 | SCOTIA CAPITAL INC. | 3.3M | $203.6M | -0.4% | 0.589% | 0.84% |
| 22 | MORGAN STANLEY | 3.0M | $186.8M | -24.4% | 0.539% | 0.01% |
| 23 | Fiera Capital Corp | 2.3M | $144.0M | +239.9% | 0.416% | 0.49% |
| 24 | Cardinal Capital Management, Inc. | 2.2M | $139.4M | +107.7% | 0.403% | 3.76% |
| 25 | WELLINGTON MANAGEMENT GROUP LLP | 2.2M | $135.5M | -3.3% | 0.392% | 0.03% |
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 SLF — a direct measure of their conviction.
Filings activity in SLF 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 | 441 | +2.8% | 36.44% | 1.18 pp | $15.47B | 3.1% |
| Q4 2025 | 429 | +0.5% | 37.62% | +2.14 pp | $15.97B | +6.0% |
| Q3 2025 | 427 | 3.2% | 35.48% | 8.11 pp | $15.06B | 19% |
| Q2 2025 | 441 | +7.6% | 43.59% | +9.11 pp | $18.50B | +26% |
| Q1 2025 | 410 | 5.1% | 34.48% | 0.87 pp | $14.64B | 2.5% |
| Q4 2024 | 432 | +5.4% | 35.35% | +0.88 pp | $15.00B | +2.5% |
| Q3 2024 | 410 | +4.9% | 34.47% | 165.52 pp | $14.63B | 91% |
| Q2 2024 | 391 | — | 199.99% | — | $159.14B | — |
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 SLF stock.
Based on Q1 2026 13F filings, institutional ownership of Sun Life Financial Inc. stands at 36.4%, held across 441 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of SLF, with approximately 44,118,268 shares worth $2.76B 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 SLF.
Our composite Smart Money Score for SLF is 29 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
56 institutions opened new positions in SLF during Q1 2026, while 44 fully exited. 257 added to existing positions and 121 trimmed.
SLF institutional ownership fell by 1.18 percentage points quarter-over-quarter, with a net change of +12 holders.
The top 10 institutions account for 53.7% of all reported 13F value in SLF, and the top 25 account for 78.7%.
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.
Sun Life Financial Inc. (SLF) Institutional Ownership