Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in TFII held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 6.3M | $911.0M | -11.5% | 7.703% | 1.30% |
| 2 | FIL Ltd | 4.6M | $659.2M | -4.2% | 5.572% | 0.47% |
| 3 | Jupiter Topco LLC | 3.6M | $515.3M | — | 4.366% | 0.21% |
| 4 | FMR LLC | 3.5M | $509.3M | -3.1% | 4.305% | 0.02% |
| 5 | ROYAL BANK OF CANADA | 3.5M | $501.0M | +12.3% | 4.245% | 0.07% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 2.3M | $325.2M | -0.5% | 2.748% | 0.01% |
| 7 | 1832 Asset Management L.P. | 2.2M | $315.5M | -44.8% | 2.673% | 0.16% |
| 8 | Federation des caisses Desjardins du Quebec | 1.8M | $262.5M | -16.5% | 2.246% | 0.80% |
| 9 | MACKENZIE FINANCIAL CORP | 1.1M | $234.7M | +102.5% | 1.399% | 0.23% |
| 10 | Maple Rock Capital Partners Inc. | 1.4M | $203.6M | +4.2% | 1.726% | 3.99% |
| 11 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 1.3M | $189.3M | -35.4% | 1.603% | 0.07% |
| 12 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.3M | $188.9M | +192.6% | 1.599% | 0.08% |
| 13 | BANK OF MONTREAL /CAN/ | 1.3M | $183.6M | +7.2% | 1.553% | 0.06% |
| 14 | NATIONAL BANK OF CANADA /FI/ | 1.1M | $158.3M | -21.2% | 1.351% | 0.11% |
| 15 | NORGES BANK | 1.0M | $149.9M | — | 1.268% | 0.01% |
| 16 | Connor, Clark & Lunn Investment Management Ltd. | 950K | $136.7M | +312.9% | 1.156% | 0.26% |
| 17 | Dixon Mitchell Investment Counsel Inc. | 834K | $120.0M | -5.8% | 1.014% | 3.90% |
| 18 | GEODE CAPITAL MANAGEMENT, LLC | 815K | $116.8M | +11.5% | 0.991% | 0.01% |
| 19 | MORGAN STANLEY | 705K | $101.2M | +35.4% | 0.858% | 0.01% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 683K | $98.3M | -0.3% | 0.831% | 0.02% |
| 21 | CIBC Asset Management Inc | 649K | $93.6M | +49.1% | 0.789% | 0.21% |
| 22 | CIBC WORLD MARKET INC. | 643K | $92.5M | -9.4% | 0.783% | 0.15% |
| 23 | GOLDMAN SACHS GROUP INC | 610K | $87.6M | +56.2% | 0.743% | 0.01% |
| 24 | BAILLIE GIFFORD & CO | 572K | $82.3M | -36.1% | 0.696% | 0.07% |
| 25 | AQR CAPITAL MANAGEMENT LLC | 571K | $81.7M | +0.9% | 0.694% | 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 TFII — a direct measure of their conviction.
Filings activity in TFII during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new TFII position in Q2 2026
Institutions that fully closed their TFII position in Q2 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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 290 | +16% | 70.47% | +0.76 pp | $8.21B | +34% |
| Q1 2026 | 250 | +5.5% | 69.71% | 0.05 pp | $6.13B | +5.1% |
| Q4 2025 | 237 | +1.3% | 69.76% | +4.08 pp | $5.83B | +25% |
| Q3 2025 | 234 | 6.8% | 65.68% | 1.66 pp | $4.66B | 4.3% |
| Q2 2025 | 251 | +2.0% | 67.34% | 0.38 pp | $4.87B | +15% |
| Q1 2025 | 246 | 15% | 67.72% | 3.78 pp | $4.23B | 45% |
| Q4 2024 | 290 | +1.4% | 71.50% | +1.72 pp | $7.73B | +1.3% |
| Q3 2024 | 286 | — | 69.78% | — | $7.63B | — |
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 TFII stock.
Based on Q2 2026 13F filings, institutional ownership of TFI International Inc. stands at 70.5%, held across 290 reporting institutions.
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC is the largest reported institutional holder of TFII, with approximately 6,331,000 shares worth $0.91B 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 TFII.
Our composite Smart Money Score for TFII is 54 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
59 institutions opened new positions in TFII during Q2 2026, while 21 fully exited. 190 added to existing positions and 34 trimmed.
TFII institutional ownership rose by 0.76 percentage points quarter-over-quarter, with a net change of +40 holders.
The top 10 institutions account for 54.0% of all reported 13F value in TFII, and the top 25 account for 76.9%.
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.
TFI International Inc. (TFII) Institutional Ownership