TC Energy
610 hedge funds and large institutions have $38.5B invested in TC Energy in 2025 Q2 according to their latest regulatory filings, with 75 funds opening new positions, 211 increasing their positions, 212 reducing their positions, and 64 closing their positions.
30% more capital inflows, than outflows
Capital inflows: $4.28B | Capital outflows: $3.3B
17% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 64
1.46% more ownership
Funds ownership: 74.4% → 75.86% (+1.5%)
0% more funds holding
Funds holding: 609 → 610 (+1)
0% less repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 212
15% less funds holding in top 10
Funds holding in top 10: 26 → 22 (-4)
71% less call options, than puts
Call options by funds: $139M | Put options by funds: $487M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.77B |
| 2 |
Goldman Sachs
New York
|
+$447M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$244M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$127M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$543M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$531M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$436M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$256M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$178M |
TRP Hedge Fund Activity: Q2 2025 in Review
610 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in TC Energy (TRP) for Q2 2025, worth a combined $38.5B — up 5.2% from $36.6B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new TRP positions and 64 closed out — a net gain of 11 holders — while 211 added to existing stakes and 212 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.77B. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, cutting an estimated $543M.
- 610 institutional investors held TC Energy (TRP) as of Q2 2025, up from 609 in Q1 2025.
- Funds reported $38.5B of TC Energy stock for Q2 2025, up 5.2% quarter-over-quarter.
- 75 funds opened new TC Energy positions in Q2 2025 and 64 closed out, a net change of +11 holders.
- The largest TC Energy buyer in Q2 2025 was Royal Bank of Canada, an estimated $1.77B added.
- The largest TC Energy seller in Q2 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $543M sold.
Based on aggregated 13F filings for Q2 2025.