TC Energy
605 hedge funds and large institutions have $38.3B invested in TC Energy in 2025 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 213 increasing their positions, 215 reducing their positions, and 54 closing their positions.
31% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 54
10% more capital invested
Capital invested by funds: $34.7B → $38.3B (+$3.58B)
2.91% more ownership
Funds ownership: 71.49% → 74.39% (+2.9%)
1% more funds holding
Funds holding: 598 → 605 (+7)
1% less repeat investments, than reductions
Existing positions increased: 213 | Existing positions reduced: 215
4% less funds holding in top 10
Funds holding in top 10: 27 → 26 (-1)
54% less call options, than puts
Call options by funds: $181M | Put options by funds: $389M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$936M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$583M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$495M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$353M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$236M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$1.14B |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$198M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$153M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$109M |
| 5 |
MIM
Merewether Investment Management
Dallas,
Texas
|
-$88.6M |
TRP Hedge Fund Activity: Q1 2025 in Review
605 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in TC Energy (TRP) for Q1 2025, worth a combined $38.3B — up 10% from $34.7B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new TRP positions and 54 closed out — a net gain of 17 holders — while 213 added to existing stakes and 215 trimmed.
The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, adding an estimated $936M. The largest seller was Goldman Sachs, cutting an estimated $1.14B.
- 605 institutional investors held TC Energy (TRP) as of Q1 2025, up from 598 in Q4 2024.
- Funds reported $38.3B of TC Energy stock for Q1 2025, up 10% quarter-over-quarter.
- 71 funds opened new TC Energy positions in Q1 2025 and 54 closed out, a net change of +17 holders.
- The largest TC Energy buyer in Q1 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $936M added.
- The largest TC Energy seller in Q1 2025 was Goldman Sachs, an estimated $1.14B sold.
Based on aggregated 13F filings for Q1 2025.