Ranked by reported Q1 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 | 7.2M | $776.5M | +1.0% | 8.708% | 1.24% |
| 2 | FIL Ltd | 4.8M | $520.6M | -20.8% | 5.819% | 0.40% |
| 3 | 1832 Asset Management L.P. | 4.0M | $432.4M | -13.8% | 4.843% | 0.57% |
| 4 | JANUS HENDERSON GROUP PLC | 3.7M | $402.2M | -2.1% | 4.505% | 0.20% |
| 5 | FMR LLC | 3.7M | $397.5M | -7.7% | 4.444% | 0.02% |
| 6 | ROYAL BANK OF CANADA | 3.1M | $337.5M | +55.3% | 3.780% | 0.06% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 2.3M | $247.1M | — | 2.762% | 0.01% |
| 8 | Federation des caisses Desjardins du Quebec | 2.2M | $237.7M | +1.9% | 2.690% | 0.85% |
| 9 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 2.0M | $221.9M | +33.0% | 2.483% | 0.19% |
| 10 | NATIONAL BANK OF CANADA /FI/ | 1.4M | $152.0M | -8.7% | 1.715% | 0.16% |
| 11 | Maple Rock Capital Partners Inc. | 1.4M | $147.9M | — | 1.657% | 4.81% |
| 12 | BANK OF MONTREAL /CAN/ | 1.2M | $129.6M | +25.4% | 1.449% | 0.05% |
| 13 | Turtle Creek Asset Management Inc. | 1.1M | $117.6M | -21.3% | 1.318% | 3.00% |
| 14 | BAILLIE GIFFORD & CO | 896K | $97.3M | -13.0% | 1.091% | 0.10% |
| 15 | Dixon Mitchell Investment Counsel Inc. | 885K | $96.4M | -2.3% | 1.076% | 3.35% |
| 16 | GEODE CAPITAL MANAGEMENT, LLC | 731K | $79.1M | -0.4% | 0.889% | 0.00% |
| 17 | CIBC World Markets Inc. | 710K | $77.3M | -19.1% | 0.864% | 0.13% |
| 18 | VANGUARD FIDUCIARY TRUST CO | 685K | $74.6M | — | 0.834% | 0.02% |
| 19 | Clearbridge Investments, LLC | 631K | $68.5M | — | 0.767% | 0.06% |
| 20 | MACKENZIE FINANCIAL CORP | 568K | $61.8M | +300.3% | 0.691% | 0.07% |
| 21 | AQR CAPITAL MANAGEMENT LLC | 566K | $60.7M | -16.7% | 0.688% | 0.03% |
| 22 | TD ASSET MANAGEMENT INC | 536K | $58.2M | -32.7% | 0.653% | 0.05% |
| 23 | MORGAN STANLEY | 521K | $56.6M | +71.4% | 0.634% | 0.00% |
| 24 | CANADA PENSION PLAN INVESTMENT BOARD | 458K | $49.8M | +9.3% | 0.557% | 0.03% |
| 25 | Legal & General Group Plc | 453K | $49.2M | +2.9% | 0.552% | 0.01% |
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 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 | 245 | +5.6% | 46.07% | +2.01 pp | $6.07B | +4.6% |
| Q4 2025 | 232 | +1.3% | 44.06% | +8.90 pp | $5.81B | +25% |
| Q3 2025 | 229 | 8.8% | 35.16% | 1.79 pp | $4.64B | 4.8% |
| Q2 2025 | 251 | +2.0% | 36.95% | +4.89 pp | $4.87B | +15% |
| Q1 2025 | 246 | 15% | 32.06% | 26.55 pp | $4.23B | 45% |
| Q4 2024 | 290 | +1.4% | 58.61% | +0.73 pp | $7.73B | +1.3% |
| Q3 2024 | 286 | +6.7% | 57.88% | 142.11 pp | $7.63B | 90% |
| Q2 2024 | 268 | — | 199.99% | — | $74.94B | — |
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 Q1 2026 13F filings, institutional ownership of TFI International Inc. stands at 46.1%, held across 245 reporting institutions.
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC is the largest reported institutional holder of TFII, with approximately 7,156,534 shares worth $0.78B 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 TFII.
Our composite Smart Money Score for TFII is 49 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
46 institutions opened new positions in TFII during Q1 2026, while 33 fully exited. 143 added to existing positions and 54 trimmed.
TFII institutional ownership rose by 2.01 percentage points quarter-over-quarter, with a net change of +13 holders.
The top 10 institutions account for 61.3% of all reported 13F value in TFII, and the top 25 account for 81.5%.
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