TFI International
TFII
258 hedge funds and large institutions have $4.37B invested in TFI International in 2025 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 102 increasing their positions, 85 reducing their positions, and 71 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 85
2.6% less ownership
Funds ownership: 69.42% → 66.82% (-2.6%)
13% less funds holding
Funds holding: 297 → 258 (-39)
22% less capital inflows, than outflows
Capital inflows: $1.16B | Capital outflows: $1.5B
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
49% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 71
70% less call options, than puts
Call options by funds: $11.7M | Put options by funds: $39.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$240M |
| 2 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$118M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$72M |
| 4 |
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$68.9M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$58.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$685M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$291M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$73M |
| 4 |
Capital International Investors
Los Angeles,
California
|
-$62.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$58.9M |
TFII Hedge Fund Activity: Q1 2025 in Review
258 of the 7,478 institutional investors tracked by Wall St. Rank reported a position in TFI International (TFII) for Q1 2025, worth a combined $4.37B — down 45% from $7.94B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of TFII and 36 opened new positions — a net loss of 35 holders — while 85 trimmed existing stakes and 102 added.
The largest buyer was Jarislowsky, Fraser Ltd, opening a new position worth an estimated $240M. The largest seller was Capital Research Global Investors, cutting an estimated $685M.
- 258 institutional investors held TFI International (TFII) as of Q1 2025, down from 297 in Q4 2024.
- Funds reported $4.37B of TFI International stock for Q1 2025, down 45% quarter-over-quarter.
- 36 funds opened new TFI International positions in Q1 2025 and 71 closed out, a net change of -35 holders.
- The largest TFI International buyer in Q1 2025 was Jarislowsky, Fraser Ltd, an estimated $240M added.
- The largest TFI International seller in Q1 2025 was Capital Research Global Investors, an estimated $685M sold.
Based on aggregated 13F filings for Q1 2025.