Royal Bank Of Canada
Reported US equity positions for Q1 2026 — $527.6B across 25,119 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| AAPL Apple Inc. | $17.0B | 3.2% | 66,964,149 |
| NVDA NVIDIA Corporation | $16.2B | 3.1% | 93,002,851 |
| MSFT Microsoft Corporation | $13.7B | 2.6% | 37,062,879 |
| IVV iShares Core S&P 500 ETF | $12.0B | 2.3% | 18,294,669 |
| RY Royal Bank Of Canada | $11.5B | 2.2% | 71,272,435 |
| TD The Toronto Dominion Bank | $10.7B | 2.0% | 114,542,618 |
| GOOGL Alphabet Inc. | $10.1B | 1.9% | 35,271,164 |
| AMZN Amazon.com, Inc. | $9.7B | 1.8% | 46,526,917 |
| AVGO Broadcom Inc. | $7.4B | 1.4% | 23,766,653 |
| BMO Bank Of Montreal | $7.1B | 1.3% | 52,598,042 |
| JPM JP Morgan Chase & Co. | $7.0B | 1.3% | 23,892,148 |
| GOOG Alphabet Inc. - Class C Capital Stock | $6.4B | 1.2% | 22,451,529 |
| CM Canadian Imperial Bank of Commerce | $6.3B | 1.2% | 66,241,847 |
| CRC California Resources Corporation | $6.1B | 1.2% | 124,812,950 |
| TRP TC Energy Corporation | $5.6B | 1.1% | 89,106,183 |
| ENB Enbridge Inc | $5.6B | 1.1% | 102,663,447 |
| META Meta Platforms, Inc. | $5.1B | 1.0% | 8,839,041 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $5.0B | 0.9% | 71,847,668 |
| BN Brookfield Corporation Class A Limited Voting Shares | $4.6B | 0.9% | 113,774,934 |
| BRK.B Berkshire Hathaway Inc. | $4.4B | 0.8% | 9,111,590 |
| SU Suncor Energy Inc. | $4.2B | 0.8% | 64,037,311 |
| CP Canadian Pacific Kansas City Limited | $4.2B | 0.8% | 52,952,459 |
| SPY State Street SPDR S&P 500 ETF Trust | $4.2B | 0.8% | 6,383,133 |
| LLY Eli Lilly and Company | $3.9B | 0.7% | 4,262,531 |
| MFC Manulife Financial Corporation | $3.8B | 0.7% | 110,979,590 |
| V Visa Inc. | $3.8B | 0.7% | 12,520,047 |
| COST Costco Wholesale Corporation | $3.7B | 0.7% | 3,758,850 |
| VOO Vanguard S&P 500 ETF | $3.7B | 0.7% | 6,218,552 |
| WMT Walmart Inc. | $3.5B | 0.7% | 27,792,734 |
| JNJ Johnson & Johnson | $3.3B | 0.6% | 13,387,402 |
| XOM ExxonMobil Holdings Corporation | $3.2B | 0.6% | 18,919,624 |
| AEM Agnico Eagle Mines Limited | $3.1B | 0.6% | 15,031,299 |
| VEA Vanguard FTSE Developed Markets ETF | $3.0B | 0.6% | 47,313,421 |
| CNR Core Natural Resources, Inc. | $2.8B | 0.5% | 27,509,225 |
| CVX Chevron Corporation | $2.7B | 0.5% | 13,123,571 |
| SLF Sun Life Financial Inc. | $2.6B | 0.5% | 41,647,668 |
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $2.6B | 0.5% | 21,658,696 |
| HD The Home Depot, Inc. | $2.5B | 0.5% | 7,534,811 |
| TSLA Tesla, Inc. | $2.5B | 0.5% | 6,649,710 |
| MA Mastercard Incorporated | $2.5B | 0.5% | 4,910,774 |
| NTR Nutrien Ltd. | $2.3B | 0.4% | 31,009,669 |
| QQQ Invesco QQQ Trust, Series 1 | $2.3B | 0.4% | 3,983,344 |
| BAC Bank of America Corporation | $2.2B | 0.4% | 44,329,326 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $2.1B | 0.4% | 6,293,285 |
| KO The Coca-Cola Company | $2.1B | 0.4% | 27,963,043 |
| MCD McDonald's Corporation | $2.1B | 0.4% | 6,803,241 |
| NFLX Netflix, Inc. | $2.1B | 0.4% | 21,739,380 |
| G0593M107 Astrazeneca PLC | $2.0B | 0.4% | 10,386,455 |
| PG The Procter & Gamble Company | $2.0B | 0.4% | 14,120,442 |
| WCN Waste Connections, Inc. | $2.0B | 0.4% | 12,210,661 |
| FTS Fortis Inc. | $2.0B | 0.4% | 35,241,451 |
| TMO Thermo Fisher Scientific Inc | $1.9B | 0.4% | 3,913,903 |
| NEE NextEra Energy, Inc. | $1.8B | 0.3% | 19,364,181 |
| G16252101 Brookfield Infrastructure Pa | $1.8B | 0.3% | 49,713,434 |
| TJX The TJX Companies, Inc. | $1.8B | 0.3% | 11,005,812 |
| PPL PPL Corporation | $1.7B | 0.3% | 38,726,115 |
| TXN Texas Instruments Incorporated | $1.7B | 0.3% | 8,812,673 |
| CSCO Cisco Systems, Inc. | $1.6B | 0.3% | 21,204,566 |
| ABBV AbbVie Inc. | $1.6B | 0.3% | 7,534,148 |
| B Barrick Mining Corporation | $1.6B | 0.3% | 39,598,520 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.