Royal Bank of Canada

RY • NYSE

Royal Bank of Canada is a banks - diversified company in the financial services sector on NYSE, with a market cap of $224.82B. As of Q3 2025, 44% of shares are held by 808 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 5.17%.

Market Cap$224.82B

Banks - Diversified

Financial Services

Employees94.0K

Websiterbc.com

Overview

Overview of institutional ownership in RY as of Q3 2025 with a market cap of $207.77B

All Institutions

Institutions: 808
Value Held: $91.4B
Shares Held: 619.4M
Avg Position: $113.2M
Median Position: $878.1K

Hedge Funds

Hedge Funds: 35
Value Held: $516.1M
Shares Held: 3.5M
Avg Position: $14.7M
Median Position: $4.6M

Ownership Breakdown

Institutional (non-HF)

43.76%

$90.9B

Hedge Funds

0.248%

$516.1M

Retail & Other

55.99%

$116.34B

Based on market cap of $207.77B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$10.7B 1.98% of portfolio	5.17% 72.9M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$9.8B 0.15% of portfolio	4.70% 66.3M shares	Q1 2015 Held for 10y 8m	$6.69T
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$9.2B 3.92% of portfolio	4.45% 62.7M shares	≤ Q2 2013 Held for 12y 5m+	$235.55B
T TD ASSET MANAGEMENT INC Institution	-	$4.7B 3.80% of portfolio	2.25% 31.8M shares	≤ Q2 2013 Held for 12y 5m+	$123.47B
F FIL Ltd Institution	-	$3.4B 2.65% of portfolio	1.63% 23.0M shares	≤ Q2 2013 Held for 12y 5m+	$127.75B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$3.2B 3.85% of portfolio	1.53% 21.6M shares	≤ Q2 2013 Held for 12y 5m+	$82.7B
C CIBC World Markets Inc. Institution	-	$3.2B 6.50% of portfolio	1.52% 21.5M shares	≤ Q2 2013 Held for 12y 5m+	$48.7B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$2.7B 3.07% of portfolio	1.31% 18.5M shares	Q4 2021 Held for 3y 11m	$88.6B
G GCIC Ltd. Institution	-	$2.3B 3.93% of portfolio	1.11% 15.7M shares	≤ Q2 2013 Held for 12y 5m+	$58.8B
BANK OF NOVA SCOTIA / Institution	Scott Thomson CEO	$2.2B 3.92% of portfolio	1.06% 15.0M shares	Q1 2013 Held for 12y 8m	$56.3B

Net Capital Flow

Institutional buying and selling activity for RY in Q3 2025

Net Flow: +$1.8B
Buyers: 303
Sellers: 287
Total Bought: +$5.1B
Total Sold: −$3.3B
Avg Position: $118.1M

Biggest Buyers

Institution	Net Bought	Current Position
C CANERECTOR INC Institution	+$2.0B +13.3M shares	$2.0B 13.3M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$547.8M +3.7M shares	$1.7B 11.6M shares
TORONTO DOMINION BANK Institution	+$280.4M +1.9M shares	$1.9B 13.1M shares
F FIL Ltd Institution	+$230.7M +1.6M shares	$3.4B 23.0M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$222.4M +1.5M shares	$1.9B 12.9M shares
Q Quadrature Capital Ltd Institution	+$220.6M +1.5M shares	$257.2M 1.7M shares
N NATIONAL BANK OF CANADA /FI/ Institution	+$213.6M +1.5M shares	$2.7B 18.5M shares
VANGUARD GROUP INC Institution	+$196.0M +1.3M shares	$9.8B 66.3M shares
JPMORGAN CHASE & CO Institution	+$109.1M +740.3K shares	$1.1B 7.3M shares
FMR LLC Institution	+$76.9M +521.8K shares	$2.2B 14.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$528.1M −3.6M shares	$889.9M 6.0M shares
Beutel, Goodman & Co Ltd. Long Only Manager	−$349.2M −2.4M shares	$619.8M 4.2M shares
C CIBC World Markets Inc. Institution	−$317.3M −2.2M shares	$3.2B 21.5M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$236.5M −1.6M shares	$2.1M 14.6K shares
BANK OF NOVA SCOTIA / Institution	−$236.2M −1.6M shares	$2.2B 15.0M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$225.1M −1.5M shares	$393.6M 2.7M shares
BANK OF MONTREAL /CAN/ Institution	−$138.9M −942.5K shares	$9.2B 62.7M shares
BANK OF AMERICA CORP /DE/ Institution	−$132.4M −898.5K shares	$320.5M 2.2M shares
A AXA Institution	−$125.7M −955.2K shares	Sold Off 0 shares
G GCIC Ltd. Institution	−$117.8M −799.7K shares	$2.3B 15.7M shares

Entry and Exit Activity

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

New Positions: 35
New Value: $116.1M
Exited Positions: 51
Exited Value: $187.4M

New Positions

Institution	Position Value
N Nearwater Capital Markets, Ltd Institution	$108.8M 738.0K shares
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	$898.7K 6.1K shares
P Point72 Asia Pte. Ltd. Institution	$778.9K 5.3K shares
ROCKLAND TRUST CO Private Equity	$707.1K 4.8K shares
Kingsman Wealth Management, Inc. RIA/Wealth	$481.7K 3.3K shares
S Schrum Private Wealth Management LLC RIA/Wealth	$422.7K 2.9K shares
Prosperity Consulting Group, LLC RIA/Wealth	$271.7K 1.8K shares
T TCG Advisory Services, LLC RIA/Wealth	$249.7K 1.7K shares
PFG Advisors RIA/Wealth	$235.4K 1.6K shares
Pure Financial Advisors, Inc. RIA/Wealth	$230.9K 1.6K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$125.7M 955.2K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$9.2M 70.0K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$8.9M 67.6K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$4.2M 31.9K shares
B BASSWOOD CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	$3.7M 28.3K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$3.6M 27.1K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	$3.5M 26.4K shares
S Sciencast Management LP Hedge Fund•Quant	$3.4M 25.8K shares
Z Zurich Insurance Group Ltd/FI Institution	$3.2M 24.1K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$2.7M 20.2K shares

Options Activity

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

Call Positions: 28
Call Value: $998.8M
Put Positions: 23
Put Value: $836.3M

Call Positions

Institution	Position Value
TORONTO DOMINION BANK Institution	$253.7M 17.2K contracts
S SIG North Trading, ULC Institution	$181.4M 12.3K contracts
R ROYAL BANK OF CANADA Institution	$118.0M 8.0K contracts
D D. E. Shaw & Co., Inc. Institution	$78.8M 5.3K contracts
BANK OF MONTREAL /CAN/ Institution	$76.6M 5.2K contracts
C CIBC World Markets Inc. Institution	$64.8M 4.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$48.4M 3.3K contracts
PERISCOPE CAPITAL INC. Institution	$29.5M 2.0K contracts
GOLDMAN SACHS GROUP INC Institution	$29.5M 2.0K contracts
M Murchinson Ltd. Institution	$22.3M 1.5K contracts

Put Positions

Institution	Position Value
S SIG North Trading, ULC Institution	$191.4M 13.0K contracts
D D. E. Shaw & Co., Inc. Institution	$130.0M 8.8K contracts
BANK OF MONTREAL /CAN/ Institution	$128.9M 8.8K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$111.2M 5.4K contracts
TORONTO DOMINION BANK Institution	$99.0M 6.7K contracts
C CIBC World Markets Inc. Institution	$52.2M 3.5K contracts
R ROYAL BANK OF CANADA Institution	$32.9M 2.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$25.7M 1.7K contracts
M Murchinson Ltd. Institution	$22.3M 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.7M 729.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Scheer, Rowlett & Associates Investment Management Ltd. Institution	-	11.23% $188.4M	0.09% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.7B
G Galibier Capital Management Ltd. Institution	-	10.83% $32.5M	0.02% 220.5K shares	Q4 2022 Held for 2y 11m	$300.1M
M MUFG SECURITIES , LTD. Institution	-	9.52% $342.8M	0.16% 2.3M shares	Q1 2024 Held for 1y 8m	$3.6B
B BANK OF NOVA SCOTIA TRUST CO Institution	-	8.59% $92.6M	0.04% 628.8K shares	≤ Q2 2013 Held for 12y 5m+	$1.1B
S Summerhill Capital Management lnc. Institution	-	8.40% $8.1M	0.00% 54.9K shares	Q1 2024 Held for 1y 8m	$96.3M
Federation des caisses Desjardins du Quebec Fund of Funds	Neil David Blundell CIO	7.82% $2.0B	0.96% 13.5M shares	Q1 2017 Held for 8y 8m	$25.4B
L LINCLUDEN MANAGEMENT LTD Institution	-	7.68% $65.4M	0.03% 443.8K shares	≤ Q2 2013 Held for 12y 5m+	$850.9M
GUARDIAN CAPITAL LP Long Only Manager	George Mavroudis CEO	7.56% $232.9M	0.11% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$3.1B
C Coleford Investment Management Ltd. Institution	-	7.07% $29.4M	0.01% 199.9K shares	Q4 2024 Held for 11 months	$416.4M
C CIBC World Markets Inc. Institution	-	6.50% $3.2B	1.52% 21.5M shares	≤ Q2 2013 Held for 12y 5m+	$48.7B

Hedge Fund Spotlight

Discover hedge funds investing in RY

ALGERT COLDIRON INVESTORS LLC

Hedge Fund • Quant

Portfolio ManagerRyan Zentner Lafond

Portfolio Value: $6.0B
Positions: 1,110
Last Reported: Q3 2025

Sector Allocation

Position in Royal Bank of Canada

Market Value: $976.4K
Shares Held: 6.6K
Portfolio Weight: 0.02%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Nextpower Inc. NXT	Solar Energy	$40.8M	0.68%
2 Mueller Industries MLI	Manufacturing - Metal Fabrication Industrials	$38.9M	0.65%
3 Credo Technology Group Holding Ltd CRDO	Communication Equipment Technology	$38.7M	0.64%