Toronto Dominion Bank: which funds bought and sold

Institutions that bought and sold Toronto Dominion Bank shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 371 institutions that filed 13F reports for both quarters added to or opened positions in Toronto Dominion Bank, and 354 cut or closed them. Together they sold a net 30.0M shares, −3.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 62K shares (−0.1%); index fund managers were net buyers of 2.0M shares (+2.1%). 104 opened a new position and 50 sold out entirely.

Bought, Q2 2026 371 institutions, 104 of them new holders Sold, Q2 2026 354 institutions, 50 of them sold out

Net change, all compared −30.0M shares (−3.7%)

Net change, active managers −62K shares (−0.1%), 25 bought, 29 sold

Buyers versus sellers

institutions compared, 933

371 bought 208 354 sold

Active managers and hedge funds 25 bought · 29 sold · −62K

Index fund managers 7 bought · 2 sold · +2.0M

Other institutions 339 bought · 323 sold · −31.9M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Fil Ltd Active manager	+3.8M +14.1%	30.5M	$3.7B
Fiera Capital Corp	+2.2M +442.2%	2.6M	$321M
UBS Group AG	+2.1M +110.8%	4.0M	$487M
Geode Capital Management, LLC Index funds	+1.7M +9.7%	19.2M	$2.4B
Omers Administration Corp	+1.7M +104.5%	3.3M	$402M
Goldman Sachs Group Inc	+1.5M +24.1%	7.7M	$931M
Jane Street Group, LLC	+1.3M +875.1%	1.5M	$178M
Connor, Clark & Lunn Investment Management Ltd.	+1.2M +11.4%	11.9M	$1.4B
Vanguard Global Advisers, LLC	+1.0M +8.6%	12.8M	$1.6B
Citadel Advisors LLC Hedge fund	+974K +499.9%	1.2M	$142M
Picton Mahoney Asset Management	+832K +22.2%	4.6M	$555M
Jupiter Asset Management Ltd Active manager	+789K +1506.9%	842K	$102M
Federation Des Caisses Desjardins Du Quebec	+722K +7.6%	10.3M	$1.2B
Renaissance Technologies LLC Hedge fund	+719K +747.7%	815K	$99M
CIBC Asset Management Inc	+707K +5.9%	12.7M	$1.5B
Mufg Securities Emea PLC	+700K New position	700K	$85M
Polar Asset Management Partners Inc.	+653K New position	653K	$79.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+569K New position	569K	$69.1M
Jpmorgan Chase & Co	+540K +7.1%	8.2M	$984M
Vanguard Asset Management, Ltd	+388K +12.6%	3.5M	$421M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Fil Ltd Active manager	+3.8M +14.1%	30.5M	$3.7B
Citadel Advisors LLC Hedge fund	+974K +499.9%	1.2M	$142M
Jupiter Asset Management Ltd Active manager	+789K +1506.9%	842K	$102M
Renaissance Technologies LLC Hedge fund	+719K +747.7%	815K	$99M
Arrowstreet Capital, Limited Partnership Hedge fund	+569K New position	569K	$69.1M
American Century Companies Inc Active manager	+371K +56.0%	1.0M	$126M
Causeway Capital Management LLC Active manager	+97K New position	97K	$11.8M
Two Sigma Investments, LP Hedge fund	+64K +7.3%	944K	$115M
Neuberger Berman Group LLC Active manager	+63K +11.2%	629K	$76.5M
Franklin Resources Inc Active manager	+55K +4.9%	1.2M	$142M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Bank Of Montreal	−12.6M −16.7%	62.7M	$7.6B
TD Asset Management Inc	−12.1M −32.2%	25.5M	$3.1B
Royal Bank Of Canada	−7.7M −6.7%	106.8M	$13B
CIBC World Market Inc.	−3.1M −8.0%	36.2M	$4.4B
Massachusetts Financial Services Co Active manager	−3.1M −21.5%	11.2M	$1.5B
1832 Asset Management L.P.	−2.3M −7.5%	28.1M	$3.4B
Invesco Ltd.	−1.7M −30.7%	3.8M	$459M
Quadrature Capital Ltd Hedge fund	−1.3M Sold out	0	—
Mackenzie Financial Corp	−1.2M −5.1%	22.9M	$3.9B
Deutsche Bank Ag\	−1.0M −21.8%	3.6M	$441M
Beutel, Goodman & Co Ltd.	−963K −13.0%	6.4M	$780M
FMR LLC Active manager	−910K −8.2%	10.1M	$1.2B
Acadian Asset Management LLC Active manager	−838K −15.3%	4.6M	$564M
Healthcare Of Ontario Pension Plan Trust Fund	−803K −12.4%	5.7M	$688M
Alberta Investment Management Corp	−749K −17.9%	3.4M	$418M
SEB Asset Management AB	−662K −44.3%	832K	$101M
Bank Of Nova Scotia	−564K −4.5%	11.9M	$1.5B
Bank Of America Corp	−482K −9.7%	4.5M	$545M
Qube Research & Technologies Ltd Hedge fund	−417K −66.0%	215K	$26.1M
TD Waterhouse Canada Inc.	−391K −1.9%	20.3M	$2.5B

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Massachusetts Financial Services Co Active manager	−3.1M −21.5%	11.2M	$1.5B
Quadrature Capital Ltd Hedge fund	−1.3M Sold out	0	—
FMR LLC Active manager	−910K −8.2%	10.1M	$1.2B
Acadian Asset Management LLC Active manager	−838K −15.3%	4.6M	$564M
Qube Research & Technologies Ltd Hedge fund	−417K −66.0%	215K	$26.1M
Grantham, Mayo, Van Otterloo & Co. LLC Active manager	−230K −11.7%	1.7M	$210M
Lighthouse Investment Partners, LLC Hedge fund	−137K Sold out	0	—
Letko, Brosseau & Associates Inc Active manager	−122K −4.9%	2.4M	$291M
D. E. Shaw & Co., Inc. Hedge fund	−115K −57.9%	84K	$10.2M
Clearbridge Investments, LLC Active manager	−89K −4.8%	1.7M	$211M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Mufg Securities Emea PLC	700K	$85M
Polar Asset Management Partners Inc.	653K	$79.3M
Arrowstreet Capital, Limited PartnershipHedge fund	569K	$69.1M
Susquehanna International Group, LLP	116K	$14.1M
Triglav Investments, D.O.O.	79K	$13.6M
Causeway Capital Management LLCActive manager	97K	$11.8M
Manning & Napier Advisors LLC	70K	$8.5M
Imc-Chicago, LLC	52K	$6.3M
Exoduspoint Capital Management, LPHedge fund	10K	$1.2M
Summittx Capital, L.P.	9,075	$1.1M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Quadrature Capital LtdHedge fund	1.3M	$120M
Pbu - The Pension Fund Of Early Childhood & Youth Educators	356K	$33.1M
Erste Asset Management Gmbh	287K	$26.2M
Lighthouse Investment Partners, LLCHedge fund	137K	$12.8M
Sienna Gestion	115K	$10.6M
Y-Intercept (Hong Kong) Ltd	86K	$8M
Davis-Rea Ltd.	74K	$6.9M
Susquehanna Advisors Group, Inc.	71K	$6.6M
Group One Trading LLC	31K	$2.9M
Tudor Investment Corp Et AlHedge fund	23K	$2.1M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 896
Ten largest holders: 51.9%
Index fund managers: 12.1%
Active managers and hedge funds: 10.0%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	25	29	6	4	−62K	−0.1%
Index fund managers	7	2	0	0	+2.0M	+2.1%
Other institutions	339	323	98	46	−31.9M	−5.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Toronto Dominion Bank.

Only managers that filed a holdings report for both quarters are compared (933 here). 24 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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