TC Energy Ownership | Who Owns TC Energy?

TC Energy Ownership Summary

TC Energy is owned by 54.99% institutional investors, 0.05% insiders, and 44.97% retail investors. Royal bank of canada is the largest institutional shareholder, holding 12.32% of TRP shares. Cushing Midstream Strategy is the top mutual fund, with 9.32% of its assets in TC Energy shares.

TRP Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	TC Energy	54.99%	0.05%	44.97%
Sector	Energy Stocks	147.73%	15.16%	-62.89%
Industry	Oil & Gas Midstream Stocks	25.37%	20.53%	54.10%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Royal bank of canada	128.01M	12.32%	$6.97B
Bank of montreal /can/	49.40M	4.75%	$2.72B
Vanguard group	47.80M	4.60%	$2.63B
Capital research global investors	32.17M	3.09%	$1.77B
Fil	27.25M	2.62%	$1.48T
Capital investors	26.19M	2.52%	$1.44B
Cibc world market	23.58M	2.27%	$1.30B
Canada pension plan investment board	21.41M	2.06%	$1.16B
Td asset management	20.87M	2.01%	$1.15B
Toronto dominion bank	16.61M	1.60%	$902.94M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Murchinson	4.05M	27.96%	$220.36M
Covalis capital llp	2.05M	12.55%	$111.40M
Nicola wealth management	2.00M	10.02%	$110.15M
Heathbridge capital management	385.10K	8.11%	$21.24M
Mufg securities (canada)	4.67M	7.10%	$253.93M
Clearbridge investments	6.51M	6.96%	$317.43M
Tortoise capital advisors	9.15M	6.42%	$497.92M
Kayne anderson capital advisors lp	5.36M	6.40%	$291.73M
Candelo capital management lp	134.19K	6.29%	$7.30M
Heronetta management	137.32K	5.85%	$10.12M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	10.60M	0.06%	10.60M
Bank of montreal /can/	49.40M	0.94%	10.06M
Deutsche bank ag\	15.38M	0.28%	5.96M
American century companies	6.49M	0.18%	5.44M
Cibc world market	23.58M	2.09%	4.13M

Top Sellers

Holder	Shares	% Assets	Change
Goldman sachs group	13.21M	0.09%	-51.84M
Capital research global investors	32.17M	0.33%	-9.81M
Bank of nova scotia	11.37M	1.09%	-5.46M
Capital investors	26.19M	0.23%	-3.57M
Alberta investment management	-	-	-2.90M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	10.60M	0.06%	10.60M	$583.73M
Murchinson	4.05M	27.96%	4.05M	$220.36M
Gqg partners	2.35M	0.20%	2.35M	$127.97M
Achmea investment management b.v.	428.69K	0.33%	428.69K	$19.97M
Axa investment managers	290.24K	0.04%	290.24K	$15.79M

Sold Out

Holder	Change
Hwg lp	-3.00
High note wealth	-4.00
Evermay wealth management	-10.00
Tidemark	-13.00
Newsquare capital	-26.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	505	-18.68%	571,879,324	-29.43%	54	0.90%	228	-19.15%	146	-25.13%
Sep 30, 2025	598	-2.92%	807,771,454	6.92%	77	1.47%	276	-1.43%	185	-7.96%
Jun 30, 2025	615	-1.44%	785,123,836	2.83%	75	1.40%	279	0.72%	201	-7.37%
Mar 31, 2025	624	0.32%	763,525,799	2.95%	73	1.52%	275	-10.13%	218	9.55%
Dec 31, 2024	573	-3.21%	732,085,124	-5.40%	68	1.30%	285	5.56%	179	-12.68%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Cushing Midstream Strategy	96.99M	9.32%	3.15M
Capital Group American Mutual Comp	19.42M	1.87%	-428.50K
American Funds American Mutual A	19.42M	1.87%	-428.50K
Vanguard Total Intl Stock Index Inv	15.20M	1.46%	13.47K
Vanguard Developed Markets Index Admiral	9.87M	0.95%	70.84K
American Funds Capital Income Bldr A	9.72M	0.93%	-3.69M
RBC Canadian Dividend Fund A	9.26M	0.89%	-
Dodge & Cox International Stock I	8.93M	0.86%	-344.40K
Vanguard Instl Ttl Intl Stk Mkt Idx TrII	7.74M	0.74%	-129.08K
Capital Group Investment Co of Amer Comp	7.42M	0.71%	-

TRP Ownership FAQ

Who Owns TC Energy?

TC Energy shareholders are primarily institutional investors at 54.99%, followed by 0.05% insiders and 44.96% retail investors. The average institutional ownership in TC Energy's industry, Oil & Gas Midstream Stocks , is 25.37%, which TC Energy exceeds.

Who owns the most shares of TC Energy?

TC Energy’s largest shareholders are Royal bank of canada (128.01M shares, 12.32%), Bank of montreal /can/ (49.4M shares, 4.75%), and Vanguard group (47.8M shares, 4.60%). Together, they hold 21.67% of TC Energy’s total shares outstanding.

Does Blackrock own TC Energy?

BlackRock is not among the top 10 institutional shareholders of TC Energy.

Who is TC Energy’s biggest shareholder by percentage of total assets invested?

Murchinson is TC Energy’s biggest shareholder by percentage of total assets invested, with 27.96% of its assets in 4.05M TC Energy shares, valued at 220.36M$.

Who is the top mutual fund holder of TC Energy shares?

Cushing Midstream Strategy is the top mutual fund holder of TC Energy shares, with 9.32% of its total shares outstanding invested in 96.99M TC Energy shares.

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