61% buyers of institutions opening or closing positions this quarter
45 more new buyers than exits, ownership rose 78.85 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
61% buyers of institutions opening or closing positions this quarter
120.1% institutional ownership
CIBC World Markets portfolio allocation
Institutional ownership vs Banks - Diversified peers
No Form 4 insider transactions on file
Latest positioning in TD 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 TD held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Employees Provident Fund Board | 2.3M | $153.12B | — | 0.140% | 0.24% |
| 2 | ROYAL BANK OF CANADA | 119.1M | $11.11B | -5.5% | 7.102% | 1.95% |
| 3 | BANK OF MONTREAL /CAN/ | 77.2M | $7.21B | +8.2% | 4.605% | 2.69% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 50.5M | $4.72B | — | 3.012% | 0.12% |
| 5 | CIBC World Markets Inc. | 39.4M | $3.68B | +0.2% | 2.353% | 6.01% |
| 6 | TD ASSET MANAGEMENT INC | 37.7M | $3.51B | +0.1% | 2.246% | 2.84% |
| 7 | 1832 Asset Management L.P. | 30.3M | $2.83B | -6.0% | 1.810% | 2.60% |
| 8 | NATIONAL BANK OF CANADA /FI/ | 27.4M | $2.56B | +7.0% | 1.635% | 2.29% |
| 9 | FIL Ltd | 26.7M | $2.49B | -13.8% | 1.593% | 1.94% |
| 10 | MACKENZIE FINANCIAL CORP | 24.1M | $2.25B | -5.6% | 1.438% | 2.70% |
| 11 | TD Waterhouse Canada Inc. | 20.7M | $1.94B | +122.5% | 1.232% | 5.77% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 17.5M | $1.68B | +4.7% | 1.046% | 0.10% |
| 13 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 16.9M | $1.58B | -0.5% | 1.010% | 1.36% |
| 14 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 14.2M | $1.45B | -6.5% | 0.848% | 0.49% |
| 15 | VANGUARD FIDUCIARY TRUST CO | 14.8M | $1.38B | — | 0.881% | 0.35% |
| 16 | BANK OF NOVA SCOTIA | 12.5M | $1.17B | -35.8% | 0.746% | 2.04% |
| 17 | CANADA PENSION PLAN INVESTMENT BOARD | 12.5M | $1.17B | -7.7% | 0.744% | 0.75% |
| 18 | CIBC Asset Management Inc | 12.0M | $1.12B | -15.5% | 0.713% | 2.73% |
| 19 | Vanguard Global Advisers, LLC | 11.8M | $1.10B | — | 0.705% | 0.60% |
| 20 | FMR LLC | 11.0M | $1.03B | -0.9% | 0.658% | 0.05% |
| 21 | Connor, Clark & Lunn Investment Management Ltd. | 10.6M | $992.6M | +16.7% | 0.635% | 2.29% |
| 22 | SCOTIA CAPITAL INC. | 10.6M | $987.4M | -0.9% | 0.631% | 4.06% |
| 23 | Legal & General Group Plc | 10.4M | $965.2M | +2.2% | 0.618% | 0.22% |
| 24 | Federation des caisses Desjardins du Quebec | 9.6M | $889.5M | -3.5% | 0.570% | 3.20% |
| 25 | DIMENSIONAL FUND ADVISORS LP | 7.6M | $706.0M | +8.5% | 0.451% | 0.15% |
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 TD — a direct measure of their conviction.
Filings activity in TD during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new TD position in Q1 2026
Institutions that fully closed their TD position in Q1 2026
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 | 822 | +5.8% | 120.13% | +78.85 pp | $226.72B | +191% |
| Q4 2025 | 777 | +12% | 41.28% | +5.76 pp | $77.92B | +16% |
| Q3 2025 | 696 | +4.5% | 35.52% | 164.47 pp | $67.05B | 99% |
| Q2 2025 | 666 | +9.2% | 199.99% | +169.15 pp | $5.17T | +8784% |
| Q1 2025 | 610 | +0.7% | 30.84% | +8.01 pp | $58.20B | +35% |
| Q4 2024 | 606 | 8.5% | 22.83% | 36.55 pp | $43.08B | 62% |
| Q3 2024 | 662 | +1.4% | 59.38% | 140.61 pp | $112.08B | 90% |
| Q2 2024 | 653 | — | 199.99% | — | $1.15T | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for TD.
Quick answers to the most common questions about buying TD stock.
Based on Q1 2026 13F filings, institutional ownership of The Toronto-Dominion Bank stands at 120.1%, held across 822 reporting institutions.
Employees Provident Fund Board is the largest reported institutional holder of TD, with approximately 2,346,842 shares worth $153.12B 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 TD.
Our composite Smart Money Score for TD is 48 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
121 institutions opened new positions in TD during Q1 2026, while 76 fully exited. 232 added to existing positions and 462 trimmed.
TD institutional ownership rose by 78.85 percentage points quarter-over-quarter, with a net change of — holders.
The top 10 institutions account for 85.3% of all reported 13F value in TD, and the top 25 account for 93.4%.
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.