Toronto Dominion Bank

TD • NYSE

Toronto Dominion Bank is a banks - diversified company in the financial services sector on NYSE, led by Leo Salom, with a market cap of $145.43B. As of Q3 2025, 50% of shares are held by 685 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 8.4%.

CEOLeo Salom

Market Cap$145.43B

Banks - Diversified

Financial Services

Employees103.3K

Websitetd.com

Overview

Overview of institutional ownership in TD as of Q3 2025 with a market cap of $136.49B

All Institutions

Institutions: 685
Value Held: $68.4B
Shares Held: 854.4M
Avg Position: $99.9M
Median Position: $694.0K

Hedge Funds

Hedge Funds: 28
Value Held: $371.5M
Shares Held: 4.6M
Avg Position: $13.3M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

49.87%

$68.1B

Hedge Funds

0.272%

$371.5M

Retail & Other

49.86%

$68.1B

Based on market cap of $136.49B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$11.5B 2.12% of portfolio	8.40% 143.5M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$6.1B 0.09% of portfolio	4.48% 76.5M shares	Q1 2015 Held for 10y 8m	$6.69T
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$5.6B 2.37% of portfolio	4.09% 69.8M shares	≤ Q2 2013 Held for 12y 5m+	$235.55B
C CIBC World Markets Inc. Institution	-	$3.2B 6.53% of portfolio	2.33% 39.8M shares	≤ Q2 2013 Held for 12y 5m+	$48.7B
T TD ASSET MANAGEMENT INC Institution	-	$3.0B 2.44% of portfolio	2.20% 37.6M shares	≤ Q2 2013 Held for 12y 5m+	$123.47B
F FIL Ltd Institution	-	$2.9B 2.26% of portfolio	2.12% 36.2M shares	Q2 2018 Held for 7y 5m	$127.75B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$2.4B 2.70% of portfolio	1.75% 29.9M shares	Q4 2021 Held for 3y 11m	$88.6B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$2.0B 2.47% of portfolio	1.50% 25.6M shares	≤ Q2 2013 Held for 12y 5m+	$82.7B
C CANERECTOR INC Institution	-	$1.8B 3.20% of portfolio	1.30% 22.3M shares	Q4 2024 Held for 11 months	$55.6B
G GCIC Ltd. Institution	-	$1.8B 3.00% of portfolio	1.29% 22.1M shares	≤ Q2 2013 Held for 12y 5m+	$58.8B

Net Capital Flow

Institutional buying and selling activity for TD in Q3 2025

Net Flow: −$1.0B
Buyers: 238
Sellers: 258
Total Bought: +$3.9B
Total Sold: −$4.9B
Avg Position: $104.9M

Biggest Buyers

Institution	Net Bought	Current Position
C CANERECTOR INC Institution	+$1.8B +22.1M shares	$1.8B 22.3M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$265.4M +3.3M shares	$303.5M 3.8M shares
Q Quadrature Capital Ltd Institution	+$192.6M +2.4M shares	$196.0M 2.5M shares
UBS Group AG Institution	+$186.4M +2.3M shares	$317.2M 4.0M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$155.3M +1.9M shares	$671.8M 8.4M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$132.7M +1.6M shares	$1.3B 15.8M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$125.6M +1.6M shares	$1.2B 15.4M shares
MORGAN STANLEY RIA/Wealth	+$87.8M +1.1M shares	$401.8M 5.0M shares
O OMERS ADMINISTRATION Corp Institution	+$81.9M +1.0M shares	$165.1M 2.1M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$77.8M +972.5K shares	$188.7M 2.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$695.8M −8.7M shares	$668.0M 8.4M shares
BANK OF MONTREAL /CAN/ Institution	−$546.4M −6.8M shares	$5.6B 69.8M shares
F FIL Ltd Institution	−$471.7M −5.9M shares	$2.9B 36.2M shares
JPMORGAN CHASE & CO Institution	−$361.1M −4.5M shares	$612.2M 7.7M shares
Federation des caisses Desjardins du Quebec Fund of Funds	−$338.3M −4.2M shares	$800.7M 10.0M shares
C CIBC World Markets Inc. Institution	−$323.1M −4.0M shares	$3.2B 39.8M shares
BANK OF NOVA SCOTIA / Institution	−$260.4M −3.3M shares	$1.5B 18.3M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$180.8M −2.3M shares	$1.8M 22.5K shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$180.2M −2.3M shares	$2.0B 25.6M shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	−$180.0M −2.4M shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 30
New Value: $39.0M
Exited Positions: 40
Exited Value: $276.3M

New Positions

Institution	Position Value
LORD, ABBETT & CO. LLC Long Only Manager	$13.8M 172.6K shares
Lighthouse Investment Partners, LLC Fund of Funds	$12.2M 153.1K shares
L LRT Capital Management, LLC Institution	$3.9M 48.3K shares
MONECO Advisors, LLC RIA/Wealth	$2.3M 28.2K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$1.3M 16.2K shares
A ALLIANZ SE Institution	$851.8K 10.7K shares
CHESAPEAKE CAPITAL CORP /IL/ Long Only Manager	$803.9K 10.1K shares
A Avalon Trust Co Institution	$799.5K 10.0K shares
1 111 Capital Institution	$534.4K 6.7K shares
J. Safra Sarasin Holding AG Fund of Funds	$387.9K 4.9K shares

Exited Positions

Institution	Previous Position
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$180.0M 2.4M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$32.1M 436.7K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$23.1M 313.8K shares
A AXA Institution	$12.1M 164.2K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$8.7M 118.2K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	$4.4M 60.0K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$3.2M 43.8K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$2.7M 36.9K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	$2.6M 35.0K shares
D Dynamic Technology Lab Private Ltd Institution	$2.2M 30.3K shares

Options Activity

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

Call Positions: 29
Call Value: $949.9M
Put Positions: 27
Put Value: $1.3B

Call Positions

Institution	Position Value
D D. E. Shaw & Co., Inc. Institution	$170.1M 21.3K contracts
R ROYAL BANK OF CANADA Institution	$144.0M 18.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$111.0M 13.9K contracts
TORONTO DOMINION BANK Institution	$89.9M 11.2K contracts
S SIG North Trading, ULC Institution	$69.4M 8.7K contracts
BANK OF MONTREAL /CAN/ Institution	$62.5M 7.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$55.4M 6.9K contracts
BANK OF AMERICA CORP /DE/ Institution	$46.0M 5.8K contracts
P PEAK6 LLC Institution	$34.0M 4.2K contracts
Walleye Trading LLC RIA/Wealth	$26.3M 3.3K contracts

Put Positions

Institution	Position Value
D D. E. Shaw & Co., Inc. Institution	$339.6M 42.5K contracts
R ROYAL BANK OF CANADA Institution	$246.6M 30.8K contracts
TORONTO DOMINION BANK Institution	$204.2M 25.5K contracts
S SIG North Trading, ULC Institution	$138.8M 17.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$93.0M 11.6K contracts
BANK OF MONTREAL /CAN/ Institution	$80.1M 10.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$63.2M 7.9K contracts
C CIBC World Markets Inc. Institution	$35.9M 4.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$12.0M 1.5K contracts
C Cubist Systematic Strategies, LLC Institution	$11.3M 1.4K contracts

Most Committed Institutions

Institutions with TD 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	-	9.36% $156.9M	0.11% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.7B
L LINCLUDEN MANAGEMENT LTD Institution	-	8.52% $72.5M	0.05% 906.6K shares	≤ Q2 2013 Held for 12y 5m+	$850.9M
H Heathbridge Capital Management Ltd. Institution	-	7.65% $19.9M	0.01% 249.6K shares	≤ Q2 2013 Held for 12y 5m+	$260.5M
C CIBC World Markets Inc. Institution	-	6.53% $3.2B	2.33% 39.8M shares	≤ Q2 2013 Held for 12y 5m+	$48.7B
M MUFG SECURITIES , LTD. Institution	-	6.30% $226.9M	0.17% 2.8M shares	Q1 2024 Held for 1y 8m	$3.6B
P PORTLAND INVESTMENT COUNSEL INC. Institution	-	6.19% $22.5M	0.02% 281.7K shares	Q4 2017 Held for 7y 11m	$363.9M
Beutel, Goodman & Co Ltd. Long Only Manager	Jackie Corneil Managing Partner	6.15% $1.0B	0.75% 12.7M shares	≤ Q2 2013 Held for 12y 5m+	$16.6B
B BANK OF NOVA SCOTIA TRUST CO Institution	-	5.53% $59.6M	0.04% 745.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.1B
A Aviso Financial Inc. Institution	-	5.39% $132.7M	0.10% 1.7M shares	Q2 2024 Held for 1y 5m	$2.5B
INTACT INVESTMENT MANAGEMENT INC. Private Equity	Edward Joseph Keefe CFO	5.35% $176.4M	0.13% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$3.3B

Hedge Fund Spotlight

Discover hedge funds investing in TD

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Toronto Dominion Bank

Market Value: $7.5M
Shares Held: 93.9K
Portfolio Weight: 0.00%
Owned Since: 2024-Q3

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