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 Q1	$675K	Buy	62 +5	+9%	+$559	﹤0.01%	1312
2025 Q4	$589K	Buy	57 +49	+613%	+$4.56K	﹤0.01%	1310
2025 Q3	$70.4K	Buy	+8	New	+$732	﹤0.01%	1849
2025 Q2	–	Sell	-72	Closed	-$557K	–	3216
2025 Q1	$557K	Buy	72 +52	+260%	+$5.75K	﹤0.01%	1296
2024 Q4	$271K	Buy	+20	New	+$2.85K	﹤0.01%	1547

Other funds holding TFII

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

FDCDDQ

Federation des caisses Desjardins du Quebec Levis, Quebec, Canada $27.8B AUM 31.66% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

MRCP

Maple Rock Capital Partners Toronto, Ontario, Canada $3.07B AUM 157.2% 1-Year Est. Return

National Bank of Canada's TFII Position: Q1 2026 in Review

National Bank of Canada reduced its TFI International (TFII) stake by 8.7% in Q1 2026, selling an estimated $15M and leaving 1,409,188 shares worth $152M. The position accounts for 0.14% of the portfolio, ranked #130.

National Bank of Canada first reported a position in TFII in Q4 2021 and has held it in 18 quarters since. The position peaked at $159M in Q4 2025. 250 funds tracked by Wall St. Rank hold TFII as of Q1 2026.

National Bank of Canada held 1,409,188 shares of TFI International worth $152M as of Q1 2026.
National Bank of Canada sold 134,612 TFI International shares in Q1 2026, an estimated $15M.
TFI International made up 0.14% of National Bank of Canada's portfolio in Q1 2026, its #130 holding.
National Bank of Canada first reported a position in TFI International in Q4 2021 and has held it in 18 quarters since.
National Bank of Canada's TFI International position peaked at $159M in Q4 2025.
250 funds tracked by Wall St. Rank held TFI International as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.