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Toronto Dominion Bank

681 hedge funds and large institutions have $65.6B invested in Toronto Dominion Bank in 2025 Q2 according to their latest regulatory filings, with 98 funds opening new positions, 219 increasing their positions, 225 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 43

21% more capital invested

Capital invested by funds: $54.5B → $65.6B (+$11.2B)

15% more funds holding in top 10

Funds holding in top 10: 3945 (+6)

7% more funds holding

Funds holding: 635681 (+46)

9% more call options, than puts

Call options by funds: $1.18B | Put options by funds: $1.08B

0.05% more ownership

Funds ownership: 51.74%51.79% (+0.05%)

3% less repeat investments, than reductions

Existing positions increased: 219 | Existing positions reduced: 225

Holders
681
Holders Change
+46
Holders Change %
+7.24%
% of All Funds
8.97%
Holding in Top 10
45
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+15.38%
% of All Funds
0.59%
New
98
Increased
219
Reduced
225
Closed
43
Calls
$1.18B
Puts
$1.08B
Net Calls
+$95.2M
Net Calls Change
+$36.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$10.6B -$803M -12,297,744 -8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$5.68B +$167M +2,552,603 +3%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$5.64B -$1.03B -15,829,280 -17%
CIBC World Market
4
CIBC World Market
Ontario, Canada
$3.22B -$362M -5,544,964 -11%
Fidelity International
5
Fidelity International
Bermuda
$3.09B -$7.38M -113,034 -0.3%
TD Asset Management
6
TD Asset Management
Ontario, Canada
$2.74B +$21.5M +329,429 +0.9%
National Bank of Canada
7
National Bank of Canada
Quebec, Canada
$2.24B -$54.4M -833,613 -3%
Mackenzie Financial
8
Mackenzie Financial
Ontario, Canada
$2.05B -$92.7M -1,420,991 -5%
1832 Asset Management
9
1832 Asset Management
Ontario, Canada
$1.66B +$6.64M +101,678 +0.5%
Bank of Nova Scotia
10
Bank of Nova Scotia
Ontario, Canada
$1.58B -$183M -2,803,066 -12%
Norges Bank
11
Norges Bank
Norway
$1.54B +$49.2M +753,183 +4%
Goldman Sachs
12
Goldman Sachs
New York
$1.25B +$316M +4,842,702 +40%
CIBC Asset Management
13
CIBC Asset Management
Ontario, Canada
$1.21B -$139M -2,130,088 -11%
BGC
14
Beutel, Goodman & Co
Ontario, Canada
$1.08B -$37.9M -580,103 -4%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$1.05B +$154M +2,366,324 +20%
FDCDDQ
16
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.05B -$35.4M -543,097 -4%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.01B +$7.52M +115,203 +0.8%
Canada Pension Plan Investment Board
18
Canada Pension Plan Investment Board
Ontario, Canada
$918M +$127M +1,946,172 +18%
JP Morgan Chase
19
JP Morgan Chase
New York
$894M +$142M +2,180,097 +22%
JFL
20
Jarislowsky, Fraser Ltd
Quebec, Canada
$881M -$8.55M -131,058 -1%
Massachusetts Financial Services
21
Massachusetts Financial Services
Massachusetts
$829M -$72.3M -1,107,423 -9%
Fidelity Investments
22
Fidelity Investments
Massachusetts
$801M +$206M +3,149,273 +41%
SC
23
Scotia Capital
Ontario, Canada
$790M -$2.89M -44,331 -0.4%
Connor, Clark & Lunn Investment Management (CC&L)
24
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$721M +$8.39M +128,560 +1%
TWC
25
TD Waterhouse Canada
Ontario, Canada
$695M -$6.83M -104,628 -1%

TD Hedge Fund Activity: Q2 2025 in Review

681 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Toronto Dominion Bank (TD) for Q2 2025, worth a combined $65.6B — up 21% from $54.5B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new TD positions and 43 closed out — a net gain of 55 holders — while 219 added to existing stakes and 225 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $316M. The largest seller was Bank of Montreal, cutting an estimated $1.03B.

  • 681 institutional investors held Toronto Dominion Bank (TD) as of Q2 2025, up from 635 in Q1 2025.
  • Funds reported $65.6B of Toronto Dominion Bank stock for Q2 2025, up 21% quarter-over-quarter.
  • 98 funds opened new Toronto Dominion Bank positions in Q2 2025 and 43 closed out, a net change of +55 holders.
  • The largest Toronto Dominion Bank buyer in Q2 2025 was Goldman Sachs, an estimated $316M added.
  • The largest Toronto Dominion Bank seller in Q2 2025 was Bank of Montreal, an estimated $1.03B sold.

Based on aggregated 13F filings for Q2 2025.