National Bank of Canada
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National Bank of Canada’s TFI International TFII Stock Holding History

National Bank of Canada’s Portfolio TFII Stock Details TFII Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$158M Sell
1,110,175
-299,013
-21% -$42.2M 0.11% 149
2026
Q1 		$152M Sell
1,409,188
-134,612
-9% -$15M 0.14% 130
2025
Q4 		$159M Buy
1,543,800
+53,472
+4% +$4.98M 0.14% 130
2025
Q3 		$131M Buy
1,490,328
+171,496
+13% +$15.7M 0.13% 142
2025
Q2 		$118M Buy
1,318,832
+257,442
+24% +$21.8M 0.11% 155
2025
Q1 		$81.8M Buy
1,061,390
+151,434
+17% +$16.8M 0.09% 222
2024
Q4 		$123M Buy
909,956
+60,991
+7% +$8.68M 0.13% 150
2024
Q3 		$116M Sell
848,965
-30,833
-4% -$4.55M 0.13% 149
2024
Q2 		$127M Buy
879,798
+23,768
+3% +$3.36M 0.17% 108
2024
Q1 		$118M Buy
856,030
+57,363
+7% +$8.2M 0.18% 104
2023
Q4 		$107M Sell
798,667
-17,839
-2% -$2.11M 0.17% 130
2023
Q3 		$103M Sell
816,506
-22,892
-3% -$2.91M 0.16% 128
2023
Q2 		$95.1M Sell
839,398
-30,754
-4% -$3.38M 0.17% 114
2023
Q1 		$103M Sell
870,152
-25,810
-3% -$3.01M 0.25% 83
2022
Q4 		$89.5M Buy
895,962
+154,448
+21% +$15.4M 0.23% 85
2022
Q3 		$67.1M Sell
741,514
-63,256
-8% -$6.13M 0.36% 59
2022
Q2 		$64.1M Buy
804,770
+2,998
+0.4% +$244K 0.29% 83
2022
Q1 		$84.7M Buy
801,772
+42,252
+6% +$4.3M 0.25% 84
2021
Q4 		$84.7M Buy
+759,520
New +$82.6M 0.29% 73

Other funds holding TFII

Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $70.2B AUM 30.95% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return
JT
Jupiter Topco New York $245B AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
1832 Asset Management
1832 Asset Management Toronto, Ontario, Canada $199B AUM 37.98% 1-Year Est. Return
FDCDDQ
Federation des caisses Desjardins du Quebec Levis, Quebec, Canada $32.7B AUM 35.71% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $100B AUM 36.93% 1-Year Est. Return
MRCP
Maple Rock Capital Partners Toronto, Ontario, Canada $5.1B AUM 214.22% 1-Year Est. Return

National Bank of Canada's TFII Position: Q2 2026 in Review

National Bank of Canada reduced its TFI International (TFII) stake by 21% in Q2 2026, selling an estimated $42.2M and leaving 1,110,175 shares worth $158M. The position accounts for 0.11% of the portfolio, ranked #149.

National Bank of Canada first reported a position in TFII in Q4 2021 and has held it in 19 quarters since. The position peaked at $159M in Q4 2025. 292 funds tracked by Wall St. Rank hold TFII as of Q2 2026.

  • National Bank of Canada held 1,110,175 shares of TFI International worth $158M as of Q2 2026.
  • National Bank of Canada sold 299,013 TFI International shares in Q2 2026, an estimated $42.2M.
  • TFI International made up 0.11% of National Bank of Canada's portfolio in Q2 2026, its #149 holding.
  • National Bank of Canada first reported a position in TFI International in Q4 2021 and has held it in 19 quarters since.
  • National Bank of Canada's TFI International position peaked at $159M in Q4 2025.
  • 292 funds tracked by Wall St. Rank held TFI International as of Q2 2026.

Based on National Bank of Canada's 13F filing for Q2 2026, filed 10 Aug 2026.