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Sun Life Financial

421 hedge funds and large institutions have $15.1B invested in Sun Life Financial in 2025 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 150 increasing their positions, 133 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

13% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 133

0.23% more ownership

Funds ownership: 45.73%45.97% (+0.23%)

4% less capital invested

Capital invested by funds: $15.7B → $15.1B (-$552M)

5% less funds holding

Funds holding: 441421 (-20)

26% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 46

29% less call options, than puts

Call options by funds: $206M | Put options by funds: $290M

Holders
421
Holders Change
-20
Holders Change %
-4.54%
% of All Funds
5.64%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.08%
New
34
Increased
150
Reduced
133
Closed
46
Calls
$206M
Puts
$290M
Net Calls
-$84.8M
Net Calls Change
+$163M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.56B +$49.9M +876,206 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.41B +$20.6M +361,596 +1%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$921M +$21.4M +374,682 +2%
Mackenzie Financial
4
Mackenzie Financial
Ontario, Canada
$693M -$48.2M -845,525 -7%
Bank of Montreal
5
Bank of Montreal
Ontario, Canada
$646M +$23.5M +411,474 +4%
1832 Asset Management
6
1832 Asset Management
Ontario, Canada
$592M +$48.3M +846,735 +9%
Manulife (Manufacturers Life Insurance)
7
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$494M -$49.8M -873,789 -9%
CIBC Asset Management
8
CIBC Asset Management
Ontario, Canada
$409M -$4.32M -75,765 -1%
FDCDDQ
9
Federation des caisses Desjardins du Quebec
Quebec, Canada
$386M +$19.1M +335,054 +5%
Norges Bank
10
Norges Bank
Norway
$365M -$3.82M -66,949 -1%
CIBC World Market
11
CIBC World Market
Ontario, Canada
$347M -$70.3M -1,233,559 -17%
Bank of Nova Scotia
12
Bank of Nova Scotia
Ontario, Canada
$331M +$15.2M +266,732 +5%
Toronto Dominion Bank
13
Toronto Dominion Bank
Ontario, Canada
$326M -$5.09M -89,379 -2%
National Bank of Canada
14
National Bank of Canada
Quebec, Canada
$293M -$26.9M -472,358 -8%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$284M +$18.7M +327,388 +7%
BGC
16
Beutel, Goodman & Co
Ontario, Canada
$280M -$22.8M -400,333 -8%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$278M -$17.5M -306,681 -6%
Canada Pension Plan Investment Board
18
Canada Pension Plan Investment Board
Ontario, Canada
$242M +$77.1M +1,353,508 +47%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$226M +$23.2M +407,632 +12%
Legal & General Group
20
Legal & General Group
United Kingdom
$220M +$10.9M +191,024 +5%
SC
21
Scotia Capital
Ontario, Canada
$176M +$6.06M +106,394 +4%
Goldman Sachs
22
Goldman Sachs
New York
$159M +$117M +2,050,891 +282%
LBA
23
Letko, Brosseau & Associates
Quebec, Canada
$159M +$6.63M +116,395 +4%
JP Morgan Chase
24
JP Morgan Chase
New York
$146M +$3.43M +60,112 +2%
AM
25
AGF Management
Ontario, Canada
$123M +$49.5K +869 +0%

SLF Hedge Fund Activity: Q1 2025 in Review

421 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Sun Life Financial (SLF) for Q1 2025, worth a combined $15.1B — down 3.5% from $15.7B a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of SLF and 34 opened new positions — a net loss of 12 holders — while 133 trimmed existing stakes and 150 added.

The largest buyer was Goldman Sachs, adding an estimated $117M. The largest seller was CIBC World Market, cutting an estimated $70.3M.

  • 421 institutional investors held Sun Life Financial (SLF) as of Q1 2025, down from 441 in Q4 2024.
  • Funds reported $15.1B of Sun Life Financial stock for Q1 2025, down 3.5% quarter-over-quarter.
  • 34 funds opened new Sun Life Financial positions in Q1 2025 and 46 closed out, a net change of -12 holders.
  • The largest Sun Life Financial buyer in Q1 2025 was Goldman Sachs, an estimated $117M added.
  • The largest Sun Life Financial seller in Q1 2025 was CIBC World Market, an estimated $70.3M sold.

Based on aggregated 13F filings for Q1 2025.