TC Energy
598 hedge funds and large institutions have $44.1B invested in TC Energy in 2025 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 212 increasing their positions, 204 reducing their positions, and 64 closing their positions.
14% more capital invested
Capital invested by funds: $38.5B → $44.1B (+$5.56B)
14% more funds holding in top 10
Funds holding in top 10: 22 → 25 (+3)
2.02% more ownership
Funds ownership: 75.86% → 77.88% (+2%)
4% more repeat investments, than reductions
Existing positions increased: 212 | Existing positions reduced: 204
3% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 64
2% less funds holding
Funds holding: 608 → 598 (-10)
66% less call options, than puts
Call options by funds: $211M | Put options by funds: $618M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$1.99B |
| 2 |
ClearBridge Investments
New York
|
+$363M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$273M |
| 4 |
M
Murchinson
Toronto,
Ontario, Canada
|
+$203M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$151M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$316M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$274M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$167M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$129M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$110M |
TRP Hedge Fund Activity: Q3 2025 in Review
598 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in TC Energy (TRP) for Q3 2025, worth a combined $44.1B — up 14% from $38.5B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of TRP and 62 opened new positions — a net loss of 2 holders — while 204 trimmed existing stakes and 212 added.
The largest buyer was Goldman Sachs, adding an estimated $1.99B. The largest seller was Bank of Montreal, cutting an estimated $316M.
- 598 institutional investors held TC Energy (TRP) as of Q3 2025, down from 608 in Q2 2025.
- Funds reported $44.1B of TC Energy stock for Q3 2025, up 14% quarter-over-quarter.
- 62 funds opened new TC Energy positions in Q3 2025 and 64 closed out, a net change of -2 holders.
- The largest TC Energy buyer in Q3 2025 was Goldman Sachs, an estimated $1.99B added.
- The largest TC Energy seller in Q3 2025 was Bank of Montreal, an estimated $316M sold.
Based on aggregated 13F filings for Q3 2025.