Also trades as: TRP.TO (TSX) · $vol 305M · TRP-PD.TO (TSX) · $vol 0M · TCANF (OTC) · $vol 0M · TNCAF (OTC) · $vol 0M
TRP Institutional Ownership
TC Energy Corporation
1W: +1.8%
1M: +8.3%
3M: -6.5%
YTD: +12.4%
1Y: +24.8%
3Y: +130.5%
5Y: +65.1%
$62.89
+0.43 (+0.69%)
Pre-Market: $61.62 (-1.27, -2.01%)
Weekly Expected Move ±3.2%
$58
$60
$62
$64
$66
Credit Risk of going bust: lower than 78% of companies Debt: 40.9% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $1.89 (down 97%), TC Energy Corporation would be worth roughly what it owes.
Total debt $45.41B against a stock market value of $65.52B.
Distance to default 9.18 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $24.85B (short-term plus half of long-term), stock volatility 19.5%; Altman Z'' 0.37. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Total debt $45.41B against a stock market value of $65.52B.
Distance to default 9.18 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $24.85B (short-term plus half of long-term), stock volatility 19.5%; Altman Z'' 0.37. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
Chart
Smart Money
Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
Weather
Peers
ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Institutional Ownership — TRP
750
Institutional Holders
+33 vs prior quarter
0.0%
Ownership
+0.00pp
$46B
Total Invested
79
New Positions
247
Increased
271
Reduced
49
Closed
0.94
Put/Call Ratio
Ownership Trends
Top Institutional Holders (784 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 79,403,845 | $5.0B | -9,702,338 | -10.9% | 29Q | SEC ↗ |
| 2 | Capital Research Global Investors | 43,524,159 | $2.7B | -1,323,129 | -3.0% | 29Q | SEC ↗ |
| 3 | BANK OF MONTREAL /CAN | 37,261,213 | $2.3B | -17,057,962 | -31.4% | 29Q | SEC ↗ |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 29,943,371 | $1.9B | +441,156 | +1.5% | 2Q | SEC ↗ |
| 5 | FIL Ltd | 27,885,160 | $1.8B | +877,310 | +3.2% | 29Q | SEC ↗ |
| 6 | GOLDMAN SACHS GROUP INC | 21,169,476 | $1.3B | +5,094,579 | +31.7% | 15Q | SEC ↗ |
| 7 | 1832 Asset Management L.P. | 20,499,907 | $1.3B | -1,538,129 | -7.0% | 29Q | SEC ↗ |
| 8 | CANADA PENSION PLAN INVESTMENT BOARD | 17,356,583 | $1.1B | -162,866 | -0.9% | 24Q | SEC ↗ |
| 9 | GQG Partners LLC | 16,736,302 | $1.1B | -210,268 | -1.2% | 4Q | SEC ↗ |
| 10 | TD Asset Management Inc | 16,134,910 | $1.0B | -5,547,203 | -25.6% | 28Q | SEC ↗ |
| 11 | CIBC WORLD MARKET INC. | 16,080,835 | $1.0B | +782,243 | +5.1% | 29Q | SEC ↗ |
| 12 | DEUTSCHE BANK AG | 15,821,521 | $995M | +196,543 | +1.3% | 29Q | SEC ↗ |
| 13 | Connor, Clark & Lunn Investment Manage | 14,781,669 | $930M | +1,727,179 | +13.2% | 29Q | SEC ↗ |
| 14 | MACKENZIE FINANCIAL CORP | 12,194,884 | $767M | -579,948 | -4.5% | 29Q | SEC ↗ |
| 15 | GEODE CAPITAL MANAGEMENT, LLC | 11,805,911 | $742M | +1,400,410 | +13.5% | 29Q | SEC ↗ |
| 16 | TD Waterhouse Canada Inc. | 10,619,936 | $668M | +312,027 | +3.0% | 19Q | SEC ↗ |
| 17 | NORGES BANK NEW | 10,444,457 | $657M | — | +0.0% | 1Q | SEC ↗ |
| 18 | NATIONAL BANK OF CANADA /FI | 10,054,565 | $632M | -280,526 | -2.7% | 19Q | SEC ↗ |
| 19 | Clearbridge Investments, LLC | 9,428,111 | $593M | +482,977 | +5.4% | 29Q | SEC ↗ |
| 20 | VANGUARD FIDUCIARY TRUST CO | 9,230,853 | $581M | +98,912 | +1.1% | 2Q | SEC ↗ |
| 21 | SCOTIA CAPITAL INC. | 8,944,435 | $563M | -303,080 | -3.3% | 29Q | SEC ↗ |
| 22 | CIBC Asset Management Inc | 8,815,178 | $554M | -483,671 | -5.2% | 29Q | SEC ↗ |
| 23 | JPMORGAN CHASE & CO | 8,645,373 | $544M | +797,075 | +10.2% | 29Q | SEC ↗ |
| 24 | Vanguard Global Advisers, LLC | 7,990,253 | $503M | +694,611 | +9.5% | 2Q | SEC ↗ |
| 25 | Legal & General Group Plc | 7,849,214 | $494M | -795,755 | -9.2% | 27Q | SEC ↗ |
| 26 | Capital World Investors | 7,626,368 | $480M | +17,784 | +0.2% | 25Q | SEC ↗ |
| 27 | Federation des caisses Desjardins du Q | 7,419,209 | $467M | -618,849 | -7.7% | 29Q | SEC ↗ |
| 28 | TORTOISE CAPITAL ADVISORS, L.L.C. | 7,294,330 | $459M | -713,336 | -8.9% | 29Q | SEC ↗ |
| 29 | MORGAN STANLEY | 6,467,261 | $407M | -2,158,833 | -25.0% | 29Q | SEC ↗ |
| 30 | MANUFACTURERS LIFE INSURANCE COMPANY, | 5,491,844 | $345M | +452,308 | +9.0% | 29Q | SEC ↗ |
| 31 | TORONTO DOMINION BANK | 5,470,863 | $344M | -8,137,515 | -59.8% | 29Q | SEC ↗ |
| 32 | AMERICAN CENTURY COMPANIES INC | 5,430,262 | $342M | -276,533 | -4.8% | 15Q | SEC ↗ |
| 33 | Dodge & Cox | 5,034,800 | $317M | -3,857,600 | -43.4% | 24Q | SEC ↗ |
| 34 | Amundi | 4,955,656 | $312M | +347,326 | +7.5% | 21Q | SEC ↗ |
| 35 | THORNBURG INVESTMENT MANAGEMENT INC | 4,755,014 | $299M | +34,292 | +0.7% | 12Q | SEC ↗ |
| 36 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 4,729,846 | $297M | +284,036 | +6.4% | 9Q | SEC ↗ |
| 37 | BANK OF NOVA SCOTIA | 4,512,114 | $284M | -3,868,878 | -46.2% | 15Q | SEC ↗ |
| 38 | MUFG SECURITIES (CANADA), LTD. | 4,473,642 | $281M | +1,230,120 | +37.9% | 11Q | SEC ↗ |
| 39 | Caisse de depot et placement du Quebec | 4,288,745 | $270M | +166,902 | +4.0% | 16Q | SEC ↗ |
| 40 | ONTARIO TEACHERS PENSION PLAN BOARD NEW | 4,140,461 | $260M | — | +0.0% | 1Q | SEC ↗ |
| 41 | KAYNE ANDERSON CAPITAL ADVISORS LP | 3,922,519 | $247M | -895,144 | -18.6% | 29Q | SEC ↗ |
| 42 | BRITISH COLUMBIA INVESTMENT MANAGEMENT | 3,614,540 | $227M | +725,825 | +25.1% | 29Q | SEC ↗ |
| 43 | Capital International Investors | 3,539,679 | $223M | -2,666 | -0.1% | 26Q | SEC ↗ |
| 44 | BANK OF AMERICA CORP /DE | 3,509,002 | $221M | -400,666 | -10.2% | 15Q | SEC ↗ |
| 45 | Swiss National Bank | 3,365,201 | $212M | -137,600 | -3.9% | 29Q | SEC ↗ |
| 46 | Sixth Street Partners Management Compa NEW | 3,118,864 | $196M | — | +0.0% | 1Q | SEC ↗ |
| 47 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 3,118,864 | $196M | +142,575 | +4.8% | 9Q | SEC ↗ |
| 48 | FEDERATED HERMES, INC. | 2,851,043 | $179M | +16,101 | +0.6% | 29Q | SEC ↗ |
| 49 | JANE STREET GROUP, LLC | 2,816,487 | $177M | +2,712,540 | +2609.5% | 29Q | SEC ↗ |
| 50 | BlackRock, Inc. | 2,793,500 | $176M | +265,322 | +10.5% | 8Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| NORGES BANK | 10,444,457 | $657M |
| ONTARIO TEACHERS PENSION PLAN BOARD | 4,140,461 | $260M |
| Sixth Street Partners Management Co | 3,118,864 | $196M |
| WCM INVESTMENT MANAGEMENT, LLC | 2,759,365 | $174M |
| Jupiter Topco LLC | 1,446,296 | $91M |
| Blue Sparrow, LLC /DE | 1,310,000 | $82M |
| Nykredit A/S | 364,925 | $23M |
| Alyeska Investment Group, L.P. | 228,370 | $14M |
| Treasurer of the State of North Car | 214,533 | $13M |
| Jefferies Financial Group Inc. | 200,341 | $13M |
| Jain Global LLC | 200,271 | $13M |
| Capital Innovations LLC | 177,391 | $11M |
| HITE Hedge Asset Management LLC | 54,357 | $3M |
| Quadrature Capital Ltd | 50,200 | $3M |
| Triasima Portfolio Management inc. | 46,770 | $3M |
| EQUITABLE TRUST CO | 40,001 | $3M |
| Murchinson Ltd. | 38,367 | $2M |
| Entropy Technologies, LP | 35,650 | $2M |
| Schonfeld Strategic Advisors LLC | 27,135 | $2M |
| ARDSLEY ADVISORY PARTNERS LP | 20,000 | $1M |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| NICOLA WEALTH MANAGEMENT LTD. | 2,000,000 | $126M |
| Yaupon Capital Management LP | 690,366 | $43M |
| Turas Capital Management LP | 235,500 | $15M |
| Varma Mutual Pension Insurance Co | 215,100 | $14M |
| Susquehanna Portfolio Strategies, L | 197,400 | $12M |
| Cinctive Capital Management LP | 160,114 | $10M |
| Engineers Gate Manager LP | 154,827 | $10M |
| MARSHALL WACE, LLP | 79,789 | $5M |
| Ausbil Investment Management Ltd | 79,286 | $5M |
| Campbell & CO Investment Adviser LL | 54,144 | $3M |
| Hudson Bay Capital Management LP | 40,591 | $3M |
| VICTORY CAPITAL MANAGEMENT INC | 35,600 | $2M |
| WORLDQUANT MILLENNIUM ADVISORS LLC | 31,055 | $2M |
| BTG Pactual Asset Management US LLC | 21,719 | $1M |
| Sciencast Management LP | 21,031 | $1M |
| BASSO CAPITAL MANAGEMENT, L.P. | 13,370 | $841K |
| YOUSIF CAPITAL MANAGEMENT, LLC | 11,973 | $753K |
| AXQ CAPITAL, LP | 11,621 | $731K |
| Wealthstar Advisors, LLC | 11,465 | $721K |
| Summerhill Capital Management lnc. | 10,663 | $671K |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| GOLDMAN SACHS GROUP INC | +5,094,579 | +31.7% | 21,169,476 |
| JANE STREET GROUP, LLC | +2,712,540 | +2609.5% | 2,816,487 |
| Connor, Clark & Lunn Investment Man | +1,727,179 | +13.2% | 14,781,669 |
| GEODE CAPITAL MANAGEMENT, LLC | +1,400,410 | +13.5% | 11,805,911 |
| MUFG SECURITIES (CANADA), LTD. | +1,230,120 | +37.9% | 4,473,642 |
| NORTHERN TRUST CORP | +909,597 | +101.8% | 1,802,736 |
| FIL Ltd | +877,310 | +3.2% | 27,885,160 |
| JPMORGAN CHASE & CO | +797,075 | +10.2% | 8,645,373 |
| CIBC WORLD MARKET INC. | +782,243 | +5.1% | 16,080,835 |
| BRITISH COLUMBIA INVESTMENT MANAGEM | +725,825 | +25.1% | 3,614,540 |
| Vanguard Global Advisers, LLC | +694,611 | +9.5% | 7,990,253 |
| D. E. Shaw & Co., Inc. | +625,164 | +229.1% | 898,093 |
| ENVESTNET ASSET MANAGEMENT INC | +535,279 | +39.9% | 1,878,251 |
| Clearbridge Investments, LLC | +482,977 | +5.4% | 9,428,111 |
| State of Tennessee, Department of T | +459,566 | +78.3% | 1,046,144 |
| MANUFACTURERS LIFE INSURANCE COMPAN | +452,308 | +9.0% | 5,491,844 |
| VANGUARD CAPITAL MANAGEMENT LLC | +441,156 | +1.5% | 29,943,371 |
| Amundi | +347,326 | +7.5% | 4,955,656 |
| TD Waterhouse Canada Inc. | +312,027 | +3.0% | 10,619,936 |
| NEOS Investment Management LLC | +300,247 | +63.1% | 776,001 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| BANK OF MONTREAL /CAN | -17,057,962 | -31.4% | 37,261,213 |
| ROYAL BANK OF CANADA | -9,702,338 | -10.9% | 79,403,845 |
| TORONTO DOMINION BANK | -8,137,515 | -59.8% | 5,470,863 |
| TD Asset Management Inc | -5,547,203 | -25.6% | 16,134,910 |
| Blackstone Inc. | -5,019,745 | -78.2% | 1,395,552 |
| HEALTHCARE OF ONTARIO PENSION PLAN | -4,665,803 | -82.5% | 989,000 |
| BANK OF NOVA SCOTIA | -3,868,878 | -46.2% | 4,512,114 |
| Dodge & Cox | -3,857,600 | -43.4% | 5,034,800 |
| MORGAN STANLEY | -2,158,833 | -25.0% | 6,467,261 |
| 1832 Asset Management L.P. | -1,538,129 | -7.0% | 20,499,907 |
| Beutel, Goodman & Co Ltd. | -1,489,913 | -39.4% | 2,288,376 |
| Alberta Investment Management Corp | -1,364,964 | -34.1% | 2,639,307 |
| OMERS ADMINISTRATION Corp | -1,330,067 | -61.0% | 849,933 |
| Capital Research Global Investors | -1,323,129 | -3.0% | 43,524,159 |
| Qube Research & Technologies Ltd | -1,031,017 | -98.8% | 12,947 |
| TWO SIGMA INVESTMENTS, LP | -911,959 | -51.7% | 850,625 |
| KAYNE ANDERSON CAPITAL ADVISORS LP | -895,144 | -18.6% | 3,922,519 |
| Legal & General Group Plc | -795,755 | -9.2% | 7,849,214 |
| TORTOISE CAPITAL ADVISORS, L.L.C. | -713,336 | -8.9% | 7,294,330 |
| Federation des caisses Desjardins d | -618,849 | -7.7% | 7,419,209 |