ROYAL BANK OF CANADA

Bank

CIK

1000275

Location

TORONTO, A6

Portfolio Value

Mega $465,768,747,936

Diversification

Diversified

Filing Date

Global Rank

#23 / 8,607 — · as of Mar 2026

Top Industry

Banks - Diversified 12.9%

3Y Alpha vs SPY

-2.8%

Period ended 3 months ago

Filed May 15, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+63.4%

SPY

+75.2%

Annualised alpha

-2.8%

Max drawdown

−15.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

4,554 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.7%

−0.4 pts

Top 5

16.7%

−1.3 pts

Top 10

26.7%

−1.9 pts

HHI

113

Diversified−10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	22.2%	$103,184,257,907	1,014
Technology	20.0%	$93,028,015,338	598
Energy	9.3%	$43,467,248,942	215
Industrials	9.0%	$41,815,975,018	533
Healthcare	7.5%	$34,888,166,064	773
Consumer Cyclical	7.3%	$33,951,050,586	435
Communication Services	6.3%	$29,542,713,806	178
Unclassified	5.6%	$25,991,931,408	65
Basic Materials	4.3%	$20,059,772,703	239
Consumer Defensive	4.3%	$19,888,392,174	178
Utilities	3.1%	$14,547,594,825	102
Real Estate	1.2%	$5,403,629,165	224

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CNQ	CANADIAN NATURAL RESOURCES Ltd	+10,410,350	137,858,050	$6,717,822,769
CSX	Csx Corp	+8,464,684	19,867,881	$815,576,508
COP	Conocophillips	+5,528,406	9,600,043	$1,267,205,676
CTVA	Corteva, Inc.	+4,989,371	7,458,624	$624,361,408
BBUC	Brookfield Business Corp	+4,873,499	5,314,770	$168,159,319
BIPH	Brookfield Infrastructure Partners L.P.	+3,956,228	53,709,634	$1,939,991,973
KVUE	Kenvue Inc.	+3,952,444	8,979,296	$154,803,059
B	Barrick Mining Corp	+3,881,841	39,598,520	$1,615,223,624
WMT	Walmart Inc.	+3,124,181	29,542,734	$3,671,570,975
NKE	NIKE, Inc.	+3,115,699	11,512,122	$608,070,277
AU	AngloGold Ashanti PLC	+3,095,530	3,626,228	$353,049,554
IONS	Ionis Pharmaceuticals Inc	+2,610,818	3,801,815	$285,478,282
HDB	Hdfc Bank Ltd	+2,520,716	42,418,483	$1,055,371,852
RCI	Rogers Communications Inc	+2,389,860	39,364,296	$1,513,557,173
ODV	Osisko Development Corp.	+2,354,949	2,356,164	$7,657,531
CCL	Carnival Corp Ltd.	+2,294,249	12,956,282	$335,308,575
KGC	Kinross Gold Corp	+2,285,457	32,646,120	$996,359,577
BHC	Bausch Health Companies Inc.	+2,262,894	11,363,498	$61,362,887
BCE	Bce Inc	+2,209,440	79,172,680	$1,998,318,438
BMO	Bank Of Montreal /Can/	+2,205,371	58,547,042	$7,923,756,660
AQN	Algonquin Power & Utilities Corp.	+2,165,336	20,744,242	$127,369,644
SNOW	Snowflake Inc.	+2,100,519	3,234,136	$487,772,383
WM	Waste Management Inc	+2,082,187	4,464,042	$1,025,792,204
SHOP	Shopify Inc.	+2,031,445	21,928,696	$2,601,181,913
KO	Coca Cola Co	+1,861,587	29,038,443	$2,208,373,581
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TU	Telus Corp	−25,832,241	128,863,948	$1,653,324,449
MFC	Manulife Financial Corp	−24,173,919	117,192,490	$4,036,109,351
BNS	Bank Of Nova Scotia	−17,783,975	90,258,668	$6,255,828,273
NVDA	Nvidia Corp	−10,774,705	99,020,851	$17,269,236,408
ENB	Enbridge Inc	−10,065,370	109,433,547	$5,924,732,230
CSCO	Cisco Systems, Inc.	−7,017,536	21,761,566	$1,688,479,899
TD	Toronto Dominion Bank	−6,981,076	119,089,618	$11,112,252,248
CVE	Cenovus Energy Inc.	−6,818,462	41,301,774	$1,095,736,058
TRP	Tc Energy Corp	−6,711,028	92,342,983	$5,780,670,730
GRAB	Grab Holdings Ltd	−6,596,385	1,710,131	$6,259,076
AHR	American Healthcare REIT, Inc.	−5,877,096	284,453	$13,414,802
SLF	Sun Life Financial Inc	−5,191,365	44,118,268	$2,760,038,842
SOFI	SoFi Technologies, Inc.	−5,148,193	9,455,831	$150,158,593
CMCSA	Comcast Corp	−5,123,487	8,069,749	$231,682,487
PBA	Pembina Pipeline Corp	−4,740,354	40,879,515	$1,829,767,086
INTC	Intel Corp	−4,625,992	15,549,023	$686,178,378
BTG	B2gold Corp	−4,584,625	559,908	$2,536,381
AMZN	Amazon Com Inc	−4,422,429	47,665,317	$9,927,255,560
AAPL	Apple Inc.	−3,758,820	68,105,349	$17,284,456,516
BX	Blackstone Inc.	−3,665,731	4,762,675	$547,659,993
WFC	Wells Fargo & Company/Mn	−3,240,798	11,182,477	$890,236,987
UNH	Unitedhealth Group Inc	−3,198,944	5,320,148	$1,439,578,838
CM	Canadian Imperial Bank Of Commerce /Can/	−3,185,270	74,323,947	$7,042,193,974
GOOGL	Alphabet Inc.	−3,116,668	35,639,564	$10,248,513,015
CNK	Cinemark Holdings, Inc.	−2,396,987	5,891	$168,011
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	10,386,455	$2,048,416,647
SUNB	Sunbelt Rentals Holdings, Inc.	7,144,038	$465,005,425
MDA	MDA Space Ltd.	3,471,329	$87,894,048
AMCR	Amcor plc	1,728,266	$68,698,570
PNFP	Pinnacle Financial Partners, Inc.	205,064	$17,664,210
FPS	Forgent Power Solutions, Inc.	437,585	$12,808,111
DFTX	Definium Therapeutics, Inc.	97,192	$1,836,928
AWP	abrdn Global Premier Properties Fund	118,292	$1,307,125
ZKP	Lafayette Digital Acquisition Corp. I	121,593	$1,198,906
QGEN	Qiagen N.V.	27,957	$1,119,395
CEE	Central & Eastern Europe Fund, Inc.	56,629	$1,036,310
INDV	Indivior Pharmaceuticals, Inc.	30,332	$924,517
YSS	York Space Systems Inc.	38,296	$849,022
ASST	Strive, Inc.	83,607	$837,740
NGEN	Nervgen Pharma Corp.	171,961	$648,292
INFQ	Infleqtion, Inc.	63,302	$620,992
QNC	Quantum eMotion Corp	262,496	$601,115
OPTX	Syntec Optics Holdings, Inc.	73,348	$515,636
RNA	Atrium Therapeutics, Inc.	35,698	$477,281
EQPT	EquipmentShare.com Inc	20,241	$412,309
JAN	Janus Living, Inc.	10,945	$257,973
ANNA	AleAnna, Inc.	29,247	$242,457
LIFE	Ethos Technologies Inc.	21,600	$241,272
OFRM	Once Upon a Farm, PBC	14,554	$237,957
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	22,200	$218,226
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
GRTUF	Granite Real Estate Investment Trust	5,048,548	$298,823,553
EXAS	EXACT SCIENCES CORP	82,548	$8,383,573
BXMX	Nuveen S&P 500 BuyWrite Income Fund	461,647	$6,786,210
NGD	New Gold Inc. /FI	325,410	$2,834,319
DIAX	Nuveen Dow 30sm Dynamic Overwrite Fund	92,820	$1,416,431
TGNA	TEGNA INC	38,470	$746,699
INV	Innventure, Inc.	60,815	$254,205
CEPF	Cantor Equity Partners IV, Inc.	20,027	$205,877
LEO	Bny Mellon Strategic Municipals, Inc.	26,738	$170,053
LWAC	LightWave Acquisition Corp.	13,686	$137,270
GBTG	Global Business Travel Group, Inc.	10,239	$78,326
CEPV	Cantor Equity Partners V, Inc.	7,197	$73,769
FCRS	FutureCrest Acquisition Corp.	6,310	$63,731
BYFC	Broadway Financial Corp \De\	8,516	$63,018
ONCY	Oncolytics Biotech Inc	68,311	$59,430
MBVI	M3-Brigade Acquisition VI Corp.	5,500	$55,000
NEGG	Newegg Commerce, Inc.	1,003	$50,912
FIGX	FIGX Capital Acquisition Corp.	4,041	$40,652
OLOX	Olenox Industries Inc.	2,100	$39,480
AKBA	Akebia Therapeutics, Inc.	23,052	$37,113
BNED	Barnes & Noble Education, Inc.	3,972	$36,502
ATLO	Ames National Corp	1,548	$35,541
HCMA	Hcm III Acquisition Corp.	3,500	$35,140
ECC	Eagle Point Credit Co	5,600	$32,256
UPB	Upstream Bio, Inc.	969	$26,307
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

4,554 positions · $465,768,747,936 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 4,554 positions by value · page 1 of 92

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	68,105,349	-3,758,820	$17,284,456,516	−11.5%	3.71%
NVDA	Nvidia Corp Technology	Reduced	99,020,851	-10,774,705	$17,269,236,408	−15.7%	3.71%
SPY	Spdr S&P 500 ETF Trust	Added	26,509,233	+911,529	$17,240,014,580	−1.2%	3.70%
MSFT	Microsoft Corp Technology	Reduced	37,816,179	-1,140,257	$13,998,414,972	−25.7%	3.01%
RY	Royal Bank Of Canada Financial Services	Reduced	73,050,835	-79,875	$11,818,164,079	−5.2%	2.54%
TD	Toronto Dominion Bank Financial Services	Reduced	119,089,618	-6,981,076	$11,112,252,248	−6.4%	2.39%
GOOGL	Alphabet Inc. Communication Services	Reduced	35,639,564	-3,116,668	$10,248,513,015	−15.5%	2.20%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	47,665,317	-4,422,429	$9,927,255,560	−17.4%	2.13%
BMO	Bank Of Montreal /Can/ Financial Services	Added	58,547,042	+2,205,371	$7,923,756,660	+8.4%	1.70%
AVGO	Broadcom Inc. Technology	Reduced	23,827,553	-517,448	$7,374,865,920	−12.5%	1.58%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	24,150,748	-663,240	$7,104,184,022	−11.1%	1.53%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	74,323,947	-3,185,270	$7,042,193,974	+0.3%	1.51%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	137,858,050	+10,410,350	$6,717,822,769	+55.7%	1.44%
QQQ	Invesco Qqq Trust, Series 1	Reduced	10,895,044	-730,387	$6,288,401,489	−11.9%	1.35%
BNS	Bank Of Nova Scotia Financial Services	Reduced	90,258,668	-17,783,975	$6,255,828,273	−21.4%	1.34%
ENB	Enbridge Inc Energy	Reduced	109,433,547	-10,065,370	$5,924,732,230	+3.7%	1.27%
META	Meta Platforms, Inc. Communication Services	Reduced	10,225,641	-589,094	$5,850,395,976	−18.0%	1.26%
TRP	Tc Energy Corp Energy	Reduced	92,342,983	-6,711,028	$5,780,670,730	+6.1%	1.24%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	9,942,290	-528,655	$4,764,345,361	−9.5%	1.02%
SU	Suncor Energy Inc Energy	Reduced	71,462,411	-1,484,433	$4,724,379,984	+46.0%	1.01%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	113,774,934	+122,628	$4,604,471,573	−11.7%	0.99%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	53,042,159	+35,091	$4,172,296,220	+6.9%	0.90%
MFC	Manulife Financial Corp Financial Services	Reduced	117,192,490	-24,173,919	$4,036,109,351	−21.3%	0.87%
LLY	ELI LILLY & Co Healthcare	Reduced	4,263,331	-391,802	$3,921,283,946	−21.6%	0.84%
V	Visa Inc. Financial Services	Reduced	12,520,047	-60,820	$3,784,058,997	−14.2%	0.81%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	3,770,650	-183,335	$3,757,188,773	+10.2%	0.81%
WMT	Walmart Inc. Consumer Defensive	Added	29,542,734	+3,124,181	$3,671,570,975	+24.7%	0.79%
JNJ	Johnson & Johnson Healthcare	Reduced	14,012,402	-795,159	$3,425,191,535	+11.8%	0.74%
XOM	ExxonMobil Holdings Corp Energy	Reduced	19,296,424	-123,316	$3,273,831,289	+40.1%	0.70%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	15,527,099	+478,205	$3,151,690,551	+23.5%	0.68%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	8,328,710	-1,185,104	$3,096,197,937	−27.6%	0.66%
CVX	Chevron Corp Energy	Added	13,918,671	+214,347	$2,879,773,022	+37.9%	0.62%
CNI	Canadian National Railway Co Industrials	Added	27,549,325	+1,389,555	$2,831,244,125	+9.5%	0.61%
SLF	Sun Life Financial Inc Financial Services	Reduced	44,118,268	-5,191,365	$2,760,038,842	−10.3%	0.59%
SHOP	Shopify Inc. Technology	Added	21,928,696	+2,031,445	$2,601,181,913	−18.8%	0.56%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	7,679,911	-253,061	$2,525,845,918	−7.5%	0.54%
MA	Mastercard Inc Financial Services	Reduced	4,972,974	-145,546	$2,484,796,182	−15.0%	0.53%
NTR	Nutrien Ltd. Basic Materials	Reduced	31,550,669	-603,558	$2,380,813,477	+20.0%	0.51%
KO	Coca Cola Co Consumer Defensive	Added	29,038,443	+1,861,587	$2,208,373,581	+16.2%	0.47%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	45,274,526	-965,364	$2,207,133,135	−13.2%	0.47%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	6,912,241	-788,143	$2,148,255,371	−8.7%	0.46%
NFLX	Netflix Inc Communication Services	Reduced	22,302,780	-116,025	$2,144,412,290	+2.0%	0.46%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	6,302,385	-241,709	$2,129,891,003	+7.1%	0.46%
AZN	Astrazeneca PLC Healthcare	NEW	10,386,455	NEW	$2,048,416,647	NEW	0.44%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	14,129,942	+138,663	$2,040,928,817	+1.8%	0.44%
BCE	Bce Inc Communication Services	Added	79,172,680	+2,209,440	$1,998,318,438	+9.0%	0.43%
WCN	Waste Connections, Inc. Industrials	Added	12,210,661	+106,763	$1,983,499,767	−6.6%	0.43%
FTS	Fortis Inc. Utilities	Reduced	35,241,451	-1,442,557	$1,966,120,547	+3.2%	0.42%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Added	53,709,634	+3,956,228	$1,939,991,973	+12.2%	0.42%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	3,921,403	-122,343	$1,927,487,209	−17.7%	0.41%