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TC Energy

628 hedge funds and large institutions have $40.8B invested in TC Energy in 2025 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 225 increasing their positions, 182 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more funds holding

Funds holding:

less ownership

Funds ownership:

7% less capital invested

Capital invested by funds: $44.1B → $40.8B (-$3.25B)

12% less funds holding in top 10

Funds holding in top 10: 2522 (-3)

71% less call options, than puts

Call options by funds: $205M | Put options by funds: $711M

Holders
628
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
22
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$205M
Puts
$711M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$5.19B
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$2.72B
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.63B
Capital Research Global Investors
4
Capital Research Global Investors
California
$1.77B
Fidelity International
5
Fidelity International
Bermuda
$1.56B
Capital International Investors
6
Capital International Investors
California
$1.44B
1832 Asset Management
7
1832 Asset Management
Ontario, Canada
$1.35B
CIBC World Market
8
CIBC World Market
Ontario, Canada
$1.3B
TD Asset Management
9
TD Asset Management
Ontario, Canada
$1.15B
Canada Pension Plan Investment Board
10
Canada Pension Plan Investment Board
Ontario, Canada
$1B
Toronto Dominion Bank
11
Toronto Dominion Bank
Ontario, Canada
$926M
GQG Partners
12
GQG Partners
Florida
$891M
Deutsche Bank
13
Deutsche Bank
Germany
$846M
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$752M
Goldman Sachs
15
Goldman Sachs
New York
$726M
National Bank of Canada
16
National Bank of Canada
Quebec, Canada
$614M
Norges Bank
17
Norges Bank
Norway
$584M
Geode Capital Management
18
Geode Capital Management
Massachusetts
$560M
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$532M
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
20
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$528M
Dodge & Cox
21
Dodge & Cox
California
$511M
SC
22
Scotia Capital
Ontario, Canada
$510M
TCA
23
Tortoise Capital Advisors
Kansas
$505M
Legal & General Group
24
Legal & General Group
United Kingdom
$503M
JP Morgan Chase
25
JP Morgan Chase
New York
$498M