| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 8.6% | +24% | $784,096,258 | +$155,175,530 | 7,085,634 | +25% | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 31 Dec 2025 |
| FIL Ltd | 6.9% | $470,750,097 | 5,814,601 | FIL Limited | 31 Dec 2024 | |||
| Capital International Investors | 4.9% | $337,675,578 | 4,170,894 | Capital International Investors | 31 Dec 2024 | |||
| 1832 Asset Management L.P. | 4% | $305,358,730 | 3,304,033 | Jarislowsky, Fraser Limited | 30 Jun 2025 | |||
| Capital Research Global Investors | 2.6% | $174,408,323 | 2,154,253 | Capital Research Global Investors | 31 Mar 2025 |
As of 31 Dec 2025, 228 institutional investors reported holding 56,869,862 shares of TFI International Inc. - Common Stock (TFII). This represents 69% of the company’s total 82,391,093 outstanding shares.
The largest institutional shareholders of TFI International Inc. - Common Stock (TFII) together control 58% 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 |
|---|---|---|---|---|---|
| Caisse de depot et placement du Quebec | 8.6% | 7,085,634 | +25% | 1.2% | $733,349,550 |
| FIL Ltd | 7.3% | 6,039,182 | -0.11% | 0.47% | $624,224,070 |
| 1832 Asset Management L.P. | 5.6% | 4,618,775 | +332% | 0.61% | $477,350,396 |
| FMR LLC | 4.8% | 3,955,530 | +61% | 0.02% | $408,843,295 |
| JANUS HENDERSON GROUP PLC | 4.6% | 3,780,501 | +0.24% | 0.18% | $390,715,101 |
| VANGUARD GROUP INC | 4.2% | 3,424,218 | +1.5% | 0.01% | $353,934,021 |
| Federation des caisses Desjardins du Quebec | 2.6% | 2,168,290 | +0.15% | 0.85% | $223,684,171 |
| ROYAL BANK OF CANADA | 2.4% | 2,000,979 | -15% | 0.04% | $206,801,000 |
| NATIONAL BANK OF CANADA /FI/ | 1.9% | 1,543,800 | +3.6% | 0.16% | $159,066,353 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 1.9% | 1,534,101 | +231% | 0.13% | $158,901,088 |
| TURTLE CREEK ASSET MANAGEMENT INC. | 1.7% | 1,375,242 | -24% | 6.3% | $142,131,261 |
| UBS Group AG | 1.5% | 1,261,744 | +3566% | 0.03% | $130,401,243 |
| BAILLIE GIFFORD & CO | 1.2% | 1,029,871 | +1% | 0.09% | $106,589,658 |
| NORGES BANK | 1.2% | 1,026,741 | 0.01% | $106,128,532 | |
| BANK OF MONTREAL /CAN/ | 1.2% | 948,889 | +7.1% | 0.04% | $98,081,403 |
| Dixon Mitchell Investment Counsel Inc. | 1.1% | 905,699 | -0.7% | 3.1% | $94,193,588 |
| TD Asset Management Inc | 0.97% | 796,493 | +13% | 0.07% | $82,435,500 |
| CIBC WORLD MARKET INC. | 0.92% | 760,307 | +4.2% | 0.14% | $78,592,935 |
| GEODE CAPITAL MANAGEMENT, LLC | 0.89% | 733,510 | +5.5% | 0% | $76,292,516 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.85% | 701,069 | +1.2% | 0.19% | $72,465,621 |
| AQR CAPITAL MANAGEMENT LLC | 0.82% | 678,889 | 0.04% | $70,172,964 | |
| Legal & General Group Plc | 0.53% | 440,538 | +7.4% | 0.01% | $45,594,657 |
| Baskin Financial Services Inc. | 0.52% | 427,622 | +0.06% | 3.3% | $44,190,000 |
| CANADA PENSION PLAN INVESTMENT BOARD | 0.51% | 418,853 | +2.2% | 0.03% | $43,294,508 |
| QV Investors Inc. | 0.5% | 409,736 | -7.2% | 3.5% | $42,407,000 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 56,869,862 | $5,886,636,298 | +$723,698,158 | $103.35 | 228 |
| 2025 Q3 | 53,492,847 | $4,714,775,540 | -$115,560,921 | $88.06 | 232 |
| 2025 Q2 | 54,772,144 | $4,917,635,071 | -$8,047,000 | $89.67 | 250 |
| 2025 Q1 | 55,384,940 | $4,289,015,928 | -$509,161,191 | $77.45 | 252 |
| 2024 Q4 | 58,712,721 | $7,931,355,280 | +$44,808,292 | $135.09 | 290 |
| 2024 Q3 | 58,333,286 | $7,992,518,971 | +$44,940,016 | $136.89 | 285 |
| 2024 Q2 | 57,982,488 | $8,409,663,120 | +$13,724,081 | $145.16 | 268 |
| 2024 Q1 | 56,224,678 | $8,946,823,490 | -$168,973,835 | $159.46 | 284 |
| 2023 Q4 | 57,171,667 | $7,777,200,034 | -$40,745,856 | $135.98 | 248 |
| 2023 Q3 | 57,305,375 | $7,362,218,398 | +$371,315,155 | $128.41 | 250 |
| 2023 Q2 | 54,492,804 | $6,212,962,375 | -$174,449,528 | $113.96 | 241 |
| 2023 Q1 | 56,115,922 | $6,702,521,531 | +$196,550,635 | $119.29 | 241 |
| 2022 Q4 | 55,026,943 | $5,522,628,657 | +$47,153,935 | $100.24 | 223 |
| 2022 Q3 | 53,628,475 | $4,862,356,411 | +$96,826,184 | $90.49 | 201 |
| 2022 Q2 | 53,647,717 | $4,304,269,695 | -$157,866,448 | $80.27 | 201 |
| 2022 Q1 | 55,604,299 | $5,925,103,580 | +$43,375,942 | $106.51 | 203 |
| 2021 Q4 | 55,124,708 | $6,175,010,948 | -$228,478,441 | $112.11 | 202 |
| 2021 Q3 | 53,901,630 | $5,510,185,317 | +$257,425,338 | $102.19 | 188 |
| 2021 Q2 | 50,868,573 | $4,643,954,990 | +$413,010,740 | $91.21 | 159 |
| 2021 Q1 | 47,059,725 | $3,524,167,819 | +$326,454,854 | $74.80 | 163 |
| 2020 Q4 | 42,888,518 | $2,219,410,815 | +$81,377,574 | $51.50 | 133 |
| 2020 Q3 | 40,262,137 | $1,693,332,137 | +$314,573,048 | $41.82 | 124 |
| 2020 Q2 | 33,961,348 | $1,214,460,727 | +$41,670,362 | $35.45 | 103 |
| 2020 Q1 | 32,698,588 | $719,350,045 | +$718,388,081 | $22.07 | 93 |
| 2019 Q4 | 460,017 | $13,527,000 | $73.52 | 2 | |
| 2019 Q3 | 460,017 | $13,527,000 | +$11,237,000 | $73.52 | 2 |
| 2019 Q2 | 75,463 | $2,290,000 | +$1,034,037 | $73.99 | 2 |
| 2019 Q1 | 41,366 | $1,224,000 | +$1,222,000 | $73.60 | 2 |
| 2018 Q3 | 0 | $0 | -$11,753,000 | $109.62 | 0 |
| 2018 Q2 | 460,000 | $11,753,000 | -$4,471,250 | $25.55 | 1 |
| 2018 Q1 | 635,000 | $16,321,000 | +$10,537,969 | $25.70 | 1 |
| 2017 Q4 | 225,000 | $5,878,000 | +$5,878,000 | $26.12 | 1 |