TC Energy
639 hedge funds and large institutions have $40.9B invested in TC Energy in 2025 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 225 increasing their positions, 183 reducing their positions, and 41 closing their positions.
134% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 41
23% more repeat investments, than reductions
Existing positions increased: 225 | Existing positions reduced: 183
7% more funds holding
Funds holding: 598 → 639 (+41)
6.74% less ownership
Funds ownership: 77.88% → 71.14% (-6.7%)
7% less capital invested
Capital invested by funds: $44.1B → $40.9B (-$3.2B)
12% less funds holding in top 10
Funds holding in top 10: 25 → 22 (-3)
71% less call options, than puts
Call options by funds: $205M | Put options by funds: $711M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$736M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$562M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$537M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$318M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$220M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$2.77B |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.8B |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$523M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$275M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$247M |
TRP Hedge Fund Activity: Q4 2025 in Review
639 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in TC Energy (TRP) for Q4 2025, worth a combined $40.9B — down 7.3% from $44.1B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new TRP positions and 41 closed out — a net gain of 55 holders — while 225 added to existing stakes and 183 trimmed.
The largest buyer was GQG Partners, adding an estimated $736M. The largest seller was Goldman Sachs, cutting an estimated $2.77B.
- 639 institutional investors held TC Energy (TRP) as of Q4 2025, up from 598 in Q3 2025.
- Funds reported $40.9B of TC Energy stock for Q4 2025, down 7.3% quarter-over-quarter.
- 96 funds opened new TC Energy positions in Q4 2025 and 41 closed out, a net change of +55 holders.
- The largest TC Energy buyer in Q4 2025 was GQG Partners, an estimated $736M added.
- The largest TC Energy seller in Q4 2025 was Goldman Sachs, an estimated $2.77B sold.
Based on aggregated 13F filings for Q4 2025.