Thomson Reuters

TRI • NYSE

Thomson Reuters is a specialty business services company in the industrials sector on NYSE, led by Steve Hasker, with a market cap of $59.5B. As of Q3 2025, 19% of shares are held by 501 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 2.27%.

CEOSteve Hasker

Market Cap$59.5B

Specialty Business Services

Industrials

Employees25.6K

Websitethomsonreuters.com

Overview

Overview of institutional ownership in TRI as of Q3 2025 with a market cap of $70.0B

All Institutions

Institutions: 501
Value Held: $13.0B
Shares Held: 83.6M
Avg Position: $25.9M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 43
Value Held: $270.8M
Shares Held: 1.7M
Avg Position: $6.3M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

18.17%

$12.7B

Hedge Funds

0.387%

$270.8M

Retail & Other

81.45%

$57.0B

Based on market cap of $70.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TRI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$1.6B 0.29% of portfolio	2.27% 10.2M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$948.8M 0.40% of portfolio	1.36% 6.1M shares	≤ Q2 2013 Held for 12y 5m+	$235.55B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$883.7M 0.01% of portfolio	1.26% 5.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
T TD ASSET MANAGEMENT INC Institution	-	$719.2M 0.58% of portfolio	1.03% 4.6M shares	≤ Q2 2013 Held for 12y 5m+	$123.47B
FMR LLC Institution	-	$657.2M 0.03% of portfolio	0.94% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
Jarislowsky, Fraser Ltd Long Only Manager	Marc Jeffrey Rowan CEO	$448.3M 2.46% of portfolio	0.64% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$18.2B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$374.4M 0.05% of portfolio	0.53% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$369.2M 0.45% of portfolio	0.53% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$82.7B
F Fiera Capital Corp Institution	-	$353.6M 1.14% of portfolio	0.51% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$30.9B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$350.0M 0.06% of portfolio	0.50% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for TRI in Q3 2025

Net Flow: −$1.2B
Buyers: 158
Sellers: 283
Total Bought: +$1.9B
Total Sold: −$3.2B
Avg Position: $24.1M

Biggest Buyers

Institution	Net Bought	Current Position
Invesco Ltd. ETF Provider	+$287.6M +1.9M shares	$350.0M 2.3M shares
MORGAN STANLEY RIA/Wealth	+$165.3M +1.1M shares	$331.9M 2.1M shares
BANK OF MONTREAL /CAN/ Institution	+$149.8M +964.8K shares	$948.8M 6.1M shares
FIRST TRUST ADVISORS LP ETF Provider	+$126.5M +814.4K shares	$167.0M 1.1M shares
B BlackRock, Inc. Institution	+$93.6M +602.7K shares	$292.7M 1.9M shares
A AGF MANAGEMENT LTD Institution	+$88.3M +566.9K shares	$135.6M 870.3K shares
GOLDMAN SACHS GROUP INC Institution	+$80.4M +517.8K shares	$374.4M 2.4M shares
BANK OF AMERICA CORP /DE/ Institution	+$73.9M +476.0K shares	$189.4M 1.2M shares
Federation des caisses Desjardins du Quebec Fund of Funds	+$67.7M +437.0K shares	$104.1M 672.6K shares
BARCLAYS PLC Institution	+$66.7M +429.6K shares	$79.6M 512.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
F FIL Ltd Institution	−$612.8M −3.9M shares	$89.1M 573.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$374.0M −2.4M shares	$19.9M 128.2K shares
FMR LLC Institution	−$330.0M −2.1M shares	$657.2M 4.2M shares
H HRT FINANCIAL LLC Institution	−$279.3M −1.4M shares	Sold Off 0 shares
T TD ASSET MANAGEMENT INC Institution	−$163.2M −1.1M shares	$719.2M 4.6M shares
R ROYAL BANK OF CANADA Institution	−$151.2M −973.4K shares	$1.6B 10.2M shares
Clearbridge Investments, LLC Long Only Manager	−$146.2M −726.7K shares	Sold Off 0 shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$121.2M −780.9K shares	$369.2M 2.4M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$111.6M −554.7K shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$92.4M −595.1K shares	$32.2M 207.5K shares

Entry and Exit Activity

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

New Positions: 43
New Value: $188.6M
Exited Positions: 100
Exited Value: $789.2M

New Positions

Institution	Position Value
P ProShare Advisors LLC Institution	$75.8M 488.2K shares
N NEOS Investment Management LLC Institution	$21.2M 136.3K shares
A AustralianSuper Pty Ltd Institution	$20.0M 128.6K shares
G GF FUND MANAGEMENT CO. LTD. Institution	$12.7M 82.0K shares
NISSAY ASSET MANAGEMENT CORP /JAPAN/ /ADV Insurance Manager	$9.3M 59.7K shares
I iA Global Asset Management Inc. Institution	$8.1M 52.2K shares
SHELTON CAPITAL MANAGEMENT Long Only Manager	$7.7M 49.7K shares
M Mitsubishi UFJ Asset Management Co., Ltd. Institution	$5.6M 36.0K shares
L Louisiana State Employees Retirement System Institution	$5.1M 32.9K shares
P PROFUND ADVISORS LLC Institution	$5.1M 32.6K shares

Exited Positions

Institution	Previous Position
H HRT FINANCIAL LLC Institution	$279.3M 1.4M shares
Clearbridge Investments, LLC Long Only Manager	$146.2M 726.7K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$111.6M 554.7K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$65.0M 323.1K shares
A AXA Institution	$27.3M 135.6K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$26.5M 132.0K shares
LEUCADIA NATIONAL CORP Institution	$18.9M 94.1K shares
Beck Bode, LLC RIA/Wealth	$16.5M 82.1K shares
G Greenland Capital Management LP Hedge Fund•Multi-Strategy	$11.2M 55.7K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$9.6M 47.8K shares

Options Activity

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

Call Positions: 17
Call Value: $133.2M
Put Positions: 10
Put Value: $47.3M

Call Positions

Institution	Position Value
BANK OF MONTREAL /CAN/ Institution	$82.0M 5.3K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$15.5M 1.0K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$10.9M 7.0 contracts
BARCLAYS PLC Institution	$9.3M 600.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.8M 568.0 contracts
S SIG North Trading, ULC Institution	$2.7M 173.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 111.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 88.0 contracts
Walleye Trading LLC RIA/Wealth	$776.7K 50.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$46.6K 3.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$31.2M 2.0K contracts
BANK OF MONTREAL /CAN/ Institution	$3.9M 254.0 contracts
S SIG North Trading, ULC Institution	$2.8M 183.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.7M 176.0 contracts
Walleye Trading LLC RIA/Wealth	$2.0M 128.0 contracts
J JANE STREET GROUP, LLC Institution	$1.6M 104.0 contracts
TORONTO DOMINION BANK Institution	$1.6M 104.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 88.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
G Greenland Capital Management LP Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Penbrook Management LLC RIA/Wealth	Robert Stephen Anderson Managing Partner	2.70% $3.9M	0.01% 24.8K shares	Q4 2017 Held for 7y 11m	$143.0M
Jarislowsky, Fraser Ltd Long Only Manager	Marc Jeffrey Rowan CEO	2.46% $448.3M	0.64% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$18.2B
P PROMETHIUM ADVISORS,LLC RIA/Wealth	Christopher Francis Poch Founder	1.32% $2.3M	0.00% 14.9K shares	Q3 2024 Held for 1y 2m	$175.2M
J Jones Collombin Investment Counsel Inc Fund of Funds	Thomas Edward Deegan CEO	1.26% $4.0M	0.01% 25.9K shares	Q3 2025 Held for 2 months	$319.9M
VISTA INVESTMENT PARTNERS II, LLC RIA/Wealth	Brett Douglas Guiley Managing Partner	1.20% $2.6M	0.00% 16.8K shares	Q4 2024 Held for 11 months	$217.6M
T TORON CAPITAL MARKETS INC. Long Only Manager	Henry Perren Chairman	1.20% $20.8M	0.03% 133.8K shares	Q4 2014 Held for 10y 11m	$1.7B
D Dixon Mitchell Investment Counsel Inc. Institution	-	1.18% $33.1M	0.05% 213.3K shares	Q2 2023 Held for 2y 5m	$2.8B
DEARBORN PARTNERS LLC Long Only Manager	Donald Gordon Mckinnon CCO	1.16% $24.6M	0.04% 158.6K shares	Q3 2022 Held for 3y 2m	$2.1B
F Fiera Capital Corp Institution	-	1.14% $353.6M	0.51% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$30.9B
Capital Investment Counsel, LLC RIA/Wealth	Stephen John Dreiling Managing Partner	1.10% $7.4M	0.01% 47.4K shares	Q4 2023 Held for 1y 11m	$670.2M

Hedge Fund Spotlight

Discover hedge funds investing in TRI

Blueshift Asset Management, LLC

Hedge Fund • Quant

Portfolio ManagerMani Sabet Mahjouri

Portfolio Value: $325.8M
Positions: 427
Last Reported: Q3 2025

Sector Allocation

Position in Thomson Reuters

Market Value: $1.7M
Shares Held: 11.1K
Portfolio Weight: 0.53%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$27.3M	8.38%
2 iShares Russell 2000 IWM	ETF ETF	$18.6M	5.71%
3 Crocs CROX	Apparel - Footwear & Accessories Consumer Cyclical	$4.1M	1.25%