Ranked by reported Q2 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 | ROYAL BANK OF CANADA | 110.4M | $13.41B | -7.3% | 6.534% | 2.00% |
| 2 | BANK OF MONTREAL /CAN/ | 63.8M | $7.74B | -17.4% | 3.773% | 2.55% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 50.8M | $6.18B | +0.7% | 3.009% | 0.13% |
| 4 | CIBC WORLD MARKET INC. | 36.2M | $4.40B | -8.3% | 2.142% | 7.05% |
| 5 | MACKENZIE FINANCIAL CORP | 22.9M | $3.95B | -5.1% | 1.355% | 3.95% |
| 6 | FIL Ltd | 30.5M | $3.70B | +14.1% | 1.803% | 2.66% |
| 7 | 1832 Asset Management L.P. | 28.1M | $3.41B | -7.5% | 1.662% | 1.71% |
| 8 | NATIONAL BANK OF CANADA /FI/ | 27.3M | $3.32B | -0.3% | 1.618% | 2.37% |
| 9 | TD ASSET MANAGEMENT INC | 25.5M | $3.10B | -32.2% | 1.511% | 2.69% |
| 10 | TD Waterhouse Canada Inc. | 20.3M | $2.48B | -1.9% | 1.199% | 6.53% |
| 11 | NORGES BANK | 20.0M | $2.43B | — | 1.185% | 0.24% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 19.2M | $2.41B | +9.7% | 1.139% | 0.13% |
| 13 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 16.9M | $2.06B | +0.1% | 1.003% | 0.80% |
| 14 | VANGUARD FIDUCIARY TRUST CO | 14.8M | $1.80B | +0.3% | 0.877% | 0.40% |
| 15 | Vanguard Global Advisers, LLC | 12.8M | $1.56B | +8.6% | 0.760% | 0.73% |
| 16 | CIBC Asset Management Inc | 12.7M | $1.54B | +5.9% | 0.749% | 3.38% |
| 17 | CANADA PENSION PLAN INVESTMENT BOARD | 12.7M | $1.54B | +1.7% | 0.751% | 0.85% |
| 18 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 11.2M | $1.51B | -21.5% | 0.660% | 0.48% |
| 19 | BANK OF NOVA SCOTIA | 11.9M | $1.45B | -4.5% | 0.707% | 2.19% |
| 20 | Connor, Clark & Lunn Investment Management Ltd. | 11.9M | $1.44B | +11.4% | 0.702% | 2.73% |
| 21 | Federation des caisses Desjardins du Quebec | 10.3M | $1.24B | +7.5% | 0.609% | 3.80% |
| 22 | SCOTIA CAPITAL INC. | 10.3M | $1.24B | -3.1% | 0.607% | 4.64% |
| 23 | Legal & General Group Plc | 10.2M | $1.24B | -1.5% | 0.605% | 0.26% |
| 24 | FMR LLC | 10.1M | $1.23B | -8.3% | 0.600% | 0.05% |
| 25 | JPMORGAN CHASE & CO | 8.2M | $984.3M | +7.1% | 0.484% | 0.05% |
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 Q2 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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 907 | +7.7% | 48.02% | 0.49 pp | $97.94B | +11% |
| Q1 2026 | 842 | +6.3% | 48.51% | 1.90 pp | $88.56B | +13% |
| Q4 2025 | 792 | +12% | 50.41% | 1.87 pp | $78.35B | +17% |
| Q3 2025 | 710 | +6.6% | 52.28% | 25.15 pp | $66.91B | 30% |
| Q2 2025 | 666 | +9.2% | 77.43% | +24.14 pp | $96.08B | +82% |
| Q1 2025 | 610 | +0.7% | 53.29% | +1.20 pp | $52.81B | +23% |
| Q4 2024 | 606 | 8.5% | 52.09% | 2.83 pp | $43.04B | 21% |
| Q3 2024 | 662 | — | 54.92% | — | $54.43B | — |
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 TD stock.
Based on Q2 2026 13F filings, institutional ownership of The Toronto-Dominion Bank stands at 48.0%, held across 907 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of TD, with approximately 110,397,481 shares worth $13.41B as of Q2 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 41 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
102 institutions opened new positions in TD during Q2 2026, while 49 fully exited. 708 added to existing positions and 62 trimmed.
TD institutional ownership fell by 0.49 percentage points quarter-over-quarter, with a net change of +65 holders.
The top 10 institutions account for 52.8% of all reported 13F value in TD, and the top 25 account for 77.0%.
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.
The Toronto-Dominion Bank (TD) Institutional Ownership