Rogers Communications

RCI • NYSE

Rogers Communications is a telecommunications services company in the communication services sector on NYSE, led by Tony Staffieri, with a market cap of $19.6B. As of Q3 2025, 48% of shares are held by 267 institutional investors, with FIL Ltd as the largest holder at 6.53%.

CEOTony Staffieri

Market Cap$19.6B

Telecommunications Services

Communication Services

Employees26.0K

Websiterogers.com

Overview

Overview of institutional ownership in RCI as of Q3 2025 with a market cap of $18.6B

All Institutions

Institutions: 267
Value Held: $8.9B
Shares Held: 258.8M
Avg Position: $33.5M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 21
Value Held: $455.9M
Shares Held: 13.2M
Avg Position: $21.7M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

45.56%

$8.5B

Hedge Funds

2.45%

$455.9M

Retail & Other

51.99%

$9.7B

Based on market cap of $18.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RCI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
F FIL Ltd Institution	-	$1.2B 0.95% of portfolio	6.53% 35.3M shares	Q1 2018 Held for 7y 8m	$127.75B
R ROYAL BANK OF CANADA Institution	-	$1.0B 0.19% of portfolio	5.50% 29.7M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$727.4M 0.32% of portfolio	3.91% 21.1M shares	≤ Q2 2013 Held for 12y 5m+	$227.19B
C CIBC World Markets Inc. Institution	-	$432.7M 0.89% of portfolio	2.33% 12.6M shares	≤ Q2 2013 Held for 12y 5m+	$48.7B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$340.4M 0.21% of portfolio	1.83% 9.9M shares	Q2 2024 Held for 1y 5m	$158.92B
Beutel, Goodman & Co Ltd. Long Only Manager	Jackie Corneil Managing Partner	$337.2M 2.04% of portfolio	1.81% 9.8M shares	≤ Q2 2013 Held for 12y 5m+	$16.6B
G GCIC Ltd. Institution	-	$297.9M 0.51% of portfolio	1.60% 8.6M shares	≤ Q2 2013 Held for 12y 5m+	$58.8B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$293.1M 0.33% of portfolio	1.58% 8.5M shares	Q4 2021 Held for 3y 11m	$88.3B
BANK OF NOVA SCOTIA / Institution	Scott Thomson CEO	$291.5M 0.52% of portfolio	1.57% 8.5M shares	Q1 2013 Held for 12y 8m	$56.3B
T TD ASSET MANAGEMENT INC Institution	-	$287.3M 0.23% of portfolio	1.54% 8.3M shares	≤ Q2 2013 Held for 12y 5m+	$123.47B

Net Capital Flow

Institutional buying and selling activity for RCI in Q3 2025

Traded: +$132.8M
Buyers: 149
Sellers: 103
Total Bought: +$791.1M
Total Sold: −$658.2M
Avg Position: $30.4M

Biggest Buyers

Institution	Net Bought	Current Position
R ROYAL BANK OF CANADA Institution	+$116.1M +3.4M shares	$1.0B 29.7M shares
BANK OF AMERICA CORP /DE/ Institution	+$67.8M +2.0M shares	$167.8M 4.9M shares
G GCIC Ltd. Institution	+$61.6M +1.8M shares	$297.9M 8.6M shares
CIBC Global Asset Management Inc Long Only Manager	+$52.3M +1.5M shares	$72.3M 2.1M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$47.1M +1.4M shares	$47.1M 1.4M shares
T TD ASSET MANAGEMENT INC Institution	+$43.8M +1.3M shares	$287.3M 8.3M shares
F FIL Ltd Institution	+$42.7M +1.2M shares	$1.2B 35.3M shares
B BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP RIA/Wealth	+$28.0M +813.3K shares	$35.2M 1.0M shares
D D. E. Shaw & Co., Inc. Institution	+$23.5M +683.4K shares	$23.5M 683.4K shares
Federation des caisses Desjardins du Quebec Fund of Funds	+$23.3M +676.2K shares	$100.0M 2.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
C CIBC World Markets Inc. Institution	−$138.8M −4.0M shares	$432.7M 12.6M shares
BANK OF MONTREAL /CAN/ Institution	−$75.0M −2.2M shares	$727.4M 21.1M shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$72.2M −2.1M shares	$293.1M 8.5M shares
GOLDMAN SACHS GROUP INC Institution	−$52.4M −1.5M shares	$120.5M 3.5M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$49.5M −1.4M shares	$41.4M 1.2M shares
TORONTO DOMINION BANK Institution	−$32.7M −948.2K shares	$93.3M 2.7M shares
PLATINUM INVESTMENT MANAGEMENT LTD Long Only Manager	−$31.7M −920.3K shares	$58.7M 1.7M shares
Burgundy Asset Management Ltd. Long Only Manager	−$30.1M −841.3K shares	$119.3M 3.3M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$21.6M −726.8K shares	Sold Off 0 shares
Beutel, Goodman & Co Ltd. Long Only Manager	−$18.1M −525.3K shares	$337.2M 9.8M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited RCI in Q3 2025

New Positions: 10
New Value: $2.0M
Exited Positions: 27
Exited Value: $60.6M

New Positions

Institution	Position Value
Ardmore Road Asset Management LP Hedge Fund•Long/Short	$689.4K 20.0K shares
F Farringdon Capital, Ltd. Institution	$619.9K 18.0K shares
Savant Capital, LLC RIA/Wealth	$236.8K 6.9K shares
Paul Damon & Associates, Inc. RIA/Wealth	$215.8K 6.3K shares
R Rathbone Brothers plc RIA/Wealth	$206.6K 6.0K shares
SRS Capital Advisors, Inc. RIA/Wealth	$16.4K 476.0 shares
B Bare Financial Services, Inc Institution	$2.9K 83.0 shares
Stone House Investment Management, LLC RIA/Wealth	$552.0 16.0 shares
T Turning Point Benefit Group, Inc. Institution	$174.0 5.0 shares
Westfuller Advisors, LLC RIA/Wealth	$20.0 1.0 shares

Exited Positions

Institution	Previous Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$21.6M 726.8K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$17.8M 600.0K shares
Q Quadrature Capital Ltd Institution	$9.4M 319.1K shares
MERITAGE PORTFOLIO MANAGEMENT Long Only Manager	$4.7M 159.1K shares
A AXA Institution	$1.5M 49.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$1.4M 46.0K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$1.1M 37.1K shares
E Erste Asset Management GmbH Institution	$879.7K 16.2K shares
AI Financial Services LLC RIA/Wealth	$620.7K 20.9K shares
C Capital World Investors Institution	$549.8K 18.5K shares

Options Activity

Institutions with the largest Call and Put options positions in RCI as of Q3 2025

Call Positions: 13
Call Value: $329.3M
Put Positions: 12
Put Value: $838.0M

Call Positions

Institution	Position Value
BANK OF MONTREAL /CAN/ Institution	$73.0M 21.2K contracts
S SIG North Trading, ULC Institution	$66.3M 19.2K contracts
W Waratah Capital Advisors Ltd. Hedge Fund•Multi-Strategy	$50.0M 14.5K contracts
R ROYAL BANK OF CANADA Institution	$46.4M 13.5K contracts
D D. E. Shaw & Co., Inc. Institution	$45.8M 13.3K contracts
C CIBC World Markets Inc. Institution	$22.5M 6.5K contracts
TORONTO DOMINION BANK Institution	$19.1M 5.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.1M 1.2K contracts
J JANE STREET GROUP, LLC Institution	$1.1M 305.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$985.8K 286.0 contracts

Put Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$315.1M 91.4K contracts
S SIG North Trading, ULC Institution	$260.2M 75.5K contracts
TORONTO DOMINION BANK Institution	$119.6M 34.7K contracts
D D. E. Shaw & Co., Inc. Institution	$115.7M 33.6K contracts
C CIBC World Markets Inc. Institution	$15.5M 4.5K contracts
BANK OF MONTREAL /CAN/ Institution	$6.9M 2.0K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$2.5M 711.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$958.3K 278.0 contracts
UBS Group AG Institution	$835.2K 242.3 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$486.0K 141.0 contracts

Most Committed Institutions

Institutions with RCI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S SIG North Trading, ULC Institution	-	15.06% $97.7M	0.52% 2.8M shares	Q1 2024 Held for 1y 8m	$648.8M
V Value Partner Investments Inc. Institution	-	6.37% $78.1M	0.42% 2.3M shares	Q2 2020 Held for 5y 5m	$1.2B
S Scheer, Rowlett & Associates Investment Management Ltd. Institution	-	4.03% $67.7M	0.36% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.7B
LETKO, BROSSEAU & ASSOCIATES INC Long Only Manager	Thomas Massey Birks Chairman	3.96% $230.4M	1.24% 6.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.8B
PLATINUM INVESTMENT MANAGEMENT LTD Long Only Manager	Jeffrey Franklin Peters Director	3.79% $58.7M	0.32% 1.7M shares	Q2 2025 Held for 5 months	$1.5B
INTACT INVESTMENT MANAGEMENT INC. Private Equity	Edward Joseph Keefe CFO	3.39% $111.8M	0.60% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$3.3B
Q QV Investors Inc. Institution	-	3.00% $32.3M	0.17% 935.8K shares	Q4 2024 Held for 11 months	$1.1B
Colony Capital, Inc. Institution	Marc Ganzi CEO	2.48% $30.3M	0.21% 1.2M shares	Q1 2025 Held for 8 months	$1.2B
LOUISBOURG INVESTMENTS INC. Long Only Manager	Luc Jospeh Gaudet CEO	2.11% $9.7M	0.05% 281.5K shares	Q4 2023 Held for 1y 11m	$458.4M
Beutel, Goodman & Co Ltd. Long Only Manager	Jackie Corneil Managing Partner	2.04% $337.2M	1.81% 9.8M shares	≤ Q2 2013 Held for 12y 5m+	$16.6B

Hedge Fund Spotlight

Discover hedge funds investing in RCI

Waratah Capital Advisors Ltd.

Hedge Fund • Multi-Strategy

Portfolio ManagerBlair Irving Levinsky

Portfolio Value: $1.5B
Positions: 136
Last Reported: Q3 2025

Sector Allocation

Position in Rogers Communications

Market Value: $21.0M
Shares Held: 609.3K
Portfolio Weight: 1.43%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Centerra Gold CGAU	Gold Basic Materials	$74.6M	5.08%
2 Pan American Silver PAAS	Silver Basic Materials	$51.9M	3.53%
3 Teledyne Technologies TDY	Hardware, Equipment & Parts Technology	$48.4M	3.29%