| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BlackRock, Inc. | 5% | +2% | $9,296,223,723 | +$148,172,526 | 70,666,847 | +1.6% | BlackRock, Inc. | 30 Jun 2025 |
| BANK OF MONTREAL /CAN/ | 4.9% | $8,214,536,274 | 69,756,592 | Bank of Montreal | 31 Dec 2024 |
As of 31 Dec 2025, 882 institutional investors reported holding 615,018,238 shares of ROYAL BANK OF CANADA - Common Stock (RY). This represents 44% of the company’s total 1,413,336,940 outstanding shares.
The largest institutional shareholders of ROYAL BANK OF CANADA - Common Stock (RY) together control 35% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| ROYAL BANK OF CANADA | 5.1% | 71,787,710 | -1.6% | 2.2% | $12,239,086,000 |
| VANGUARD GROUP INC | 4.8% | 67,628,463 | +1.9% | 0.17% | $11,529,165,258 |
| BANK OF MONTREAL /CAN/ | 4.2% | 59,644,177 | -4.9% | 4.2% | $10,168,245,773 |
| TD Asset Management Inc | 2.2% | 31,066,800 | -2.3% | 4.3% | $5,303,170,186 |
| FIL Ltd | 1.6% | 23,258,871 | +1.1% | 3% | $3,965,132,946 |
| MACKENZIE FINANCIAL CORP | 1.5% | 21,016,911 | -2.8% | 4.3% | $3,598,786,130 |
| CIBC WORLD MARKET INC. | 1.5% | 20,670,197 | -3.8% | 6.3% | $3,524,268,589 |
| NORGES BANK | 1.4% | 20,368,046 | 0.37% | $3,472,381,871 | |
| 1832 Asset Management L.P. | 1.2% | 16,861,242 | +7.6% | 3.7% | $2,874,673,149 |
| NATIONAL BANK OF CANADA /FI/ | 1.2% | 16,618,140 | -10% | 2.9% | $2,829,109,128 |
| BANK OF NOVA SCOTIA | 1.1% | 15,233,532 | +1.6% | 3.8% | $2,596,904,101 |
| FMR LLC | 1% | 14,310,478 | -2.4% | 0.12% | $2,439,626,338 |
| TORONTO DOMINION BANK | 0.99% | 14,060,986 | +7.1% | 4.2% | $2,397,190,217 |
| GEODE CAPITAL MANAGEMENT, LLC | 0.97% | 13,741,480 | +6.9% | 0.15% | $2,389,772,992 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 0.84% | 11,879,653 | +2.1% | 1.7% | $2,029,469,270 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.82% | 11,535,677 | +3.5% | 5.2% | $1,966,623,930 |
| CIBC Asset Management Inc | 0.77% | 10,835,008 | +1.3% | 4.5% | $1,852,517,834 |
| CANADA PENSION PLAN INVESTMENT BOARD | 0.7% | 9,878,066 | +43% | 1.1% | $1,684,030,320 |
| Federation des caisses Desjardins du Quebec | 0.66% | 9,302,432 | -31% | 6.1% | $1,586,714,008 |
| SCOTIA CAPITAL INC. | 0.64% | 9,071,802 | -0.15% | 6.2% | $1,546,426,651 |
| Legal & General Group Plc | 0.62% | 8,773,645 | +6% | 0.33% | $1,497,675,138 |
| Fisher Asset Management, LLC | 0.45% | 6,373,400 | +6.1% | 0.37% | $1,086,601,136 |
| JPMORGAN CHASE & CO | 0.45% | 6,334,440 | -13% | 0.07% | $1,079,958,715 |
| TD Waterhouse Canada Inc. | 0.38% | 5,420,773 | -0.05% | 5.7% | $924,119,901 |
| Fiera Capital Corp | 0.32% | 4,539,315 | -6.5% | 2.5% | $774,108,543 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 615,018,238 | $105,193,212,422 | +$1,742,908,139 | $170.49 | 882 |
| 2025 Q3 | 608,933,969 | $89,907,005,975 | -$2,698,108,796 | $147.32 | 822 |
| 2025 Q2 | 626,414,054 | $82,629,758,742 | +$1,407,205,133 | $131.55 | 789 |
| 2025 Q1 | 615,514,411 | $69,465,257,598 | -$1,704,897,990 | $112.72 | 756 |
| 2024 Q4 | 629,340,272 | $75,855,625,957 | -$3,246,510,479 | $120.51 | 754 |
| 2024 Q3 | 655,971,628 | $81,794,551,052 | -$252,212,835 | $124.73 | 706 |
| 2024 Q2 | 658,270,862 | $70,166,949,866 | +$634,035,014 | $106.38 | 660 |
| 2024 Q1 | 633,638,081 | $63,945,200,720 | +$87,384,031 | $100.88 | 650 |
| 2023 Q4 | 632,520,712 | $64,026,915,759 | +$1,050,649,107 | $101.13 | 661 |
| 2023 Q3 | 622,221,631 | $54,615,622,622 | +$1,525,322,138 | $87.44 | 625 |
| 2023 Q2 | 604,361,873 | $57,758,641,789 | -$377,478,375 | $95.51 | 628 |
| 2023 Q1 | 531,823,864 | $50,832,367,069 | -$298,406,562 | $95.58 | 643 |
| 2022 Q4 | 602,621,289 | $56,895,961,313 | +$1,092,269,400 | $94.02 | 640 |
| 2022 Q3 | 590,991,927 | $53,419,514,382 | +$808,999,297 | $90.04 | 595 |
| 2022 Q2 | 582,039,070 | $56,760,986,099 | -$973,426,212 | $96.82 | 627 |
| 2022 Q1 | 592,468,285 | $65,470,502,817 | +$117,765,494 | $110.26 | 656 |
| 2021 Q4 | 591,095,818 | $62,790,787,969 | -$1,170,017,711 | $106.14 | 638 |
| 2021 Q3 | 588,926,604 | $58,601,781,172 | +$410,540,002 | $99.48 | 596 |
| 2021 Q2 | 585,073,678 | $59,220,463,373 | -$1,265,459,860 | $101.31 | 590 |
| 2021 Q1 | 595,025,582 | $54,923,825,384 | +$289,110,964 | $92.21 | 570 |
| 2020 Q4 | 596,987,099 | $49,136,050,008 | +$210,672,147 | $82.06 | 562 |
| 2020 Q3 | 598,649,096 | $42,078,073,074 | -$733,053,371 | $70.14 | 501 |
| 2020 Q2 | 611,269,951 | $41,395,269,792 | -$152,346,368 | $67.80 | 490 |
| 2020 Q1 | 613,468,775 | $37,592,452,124 | +$256,637,827 | $61.55 | 486 |
| 2019 Q4 | 608,912,020 | $48,203,224,751 | -$528,849,889 | $79.20 | 540 |
| 2019 Q3 | 615,051,227 | $49,908,058,374 | +$578,237,255 | $81.16 | 516 |
| 2019 Q2 | 603,448,071 | $47,846,173,163 | -$526,499,283 | $79.40 | 512 |
| 2019 Q1 | 605,634,446 | $45,746,043,325 | +$421,438,884 | $75.55 | 516 |
| 2018 Q4 | 600,513,091 | $41,117,986,426 | -$101,992,042 | $68.52 | 503 |
| 2018 Q3 | 601,581,194 | $48,132,956,329 | +$963,468,212 | $80.18 | 507 |
| 2018 Q2 | 590,290,823 | $44,459,339,853 | -$655,867,583 | $75.30 | 489 |
| 2018 Q1 | 598,871,536 | $46,220,403,790 | +$247,021,784 | $77.28 | 502 |
| 2017 Q4 | 594,137,083 | $48,530,581,613 | +$1,090,514,926 | $81.65 | 498 |
| 2017 Q3 | 601,243,711 | $46,456,431,159 | -$139,197,053 | $77.35 | 448 |
| 2017 Q2 | 595,813,818 | $43,191,728,956 | -$5,407,727,857 | $72.52 | 425 |
| 2017 Q1 | 676,778,675 | $49,279,004,359 | -$1,039,155,601 | $72.90 | 428 |
| 2016 Q4 | 687,073,818 | $46,336,812,714 | -$583,439,567 | $67.71 | 423 |
| 2016 Q3 | 689,163,023 | $42,653,671,336 | +$923,515,496 | $61.96 | 398 |
| 2016 Q2 | 674,286,530 | $39,780,986,364 | -$1,001,386,216 | $59.09 | 394 |
| 2016 Q1 | 671,478,028 | $38,724,041,266 | -$390,984,772 | $57.56 | 383 |
| 2015 Q4 | 698,602,371 | $37,427,266,336 | -$43,990,247 | $53.58 | 405 |
| 2015 Q3 | 694,289,911 | $38,330,162,981 | +$1,224,864,416 | $55.25 | 363 |
| 2015 Q2 | 671,378,992 | $41,162,574,304 | -$213,387,518 | $61.15 | 377 |
| 2015 Q1 | 678,381,224 | $40,895,067,593 | +$1,400,909,983 | $60.35 | 375 |
| 2014 Q4 | 662,725,965 | $45,956,108,535 | +$774,611,382 | $69.07 | 395 |
| 2014 Q3 | 645,396,373 | $46,236,294,270 | -$1,424,633,514 | $71.45 | 375 |
| 2014 Q2 | 666,378,952 | $47,757,437,252 | +$290,012,953 | $71.43 | 372 |
| 2014 Q1 | 647,687,272 | $42,972,052,023 | +$404,185,017 | $65.99 | 353 |