TRANSALTA CORP (TAC): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy TRANSALTA CORP (TAC) following the 2026 Q1 hedge fund 13F filings?

As of today, TAC has moved +6.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.4% for the XLU sector ETF — an outperformance of +2.8%. Since the quarter end (March 31, 2026), TAC gained +3.5% vs -1.2% for XLU. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

TRANSALTA CORP (TAC)

175 + Investors. Track Smart Money conviction in TAC. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — TAC

Based on 175 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added TAC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (96% of max)

96% of all-time peak

175 hedge funds hold TAC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q

+11 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 58% buying

106 buying77 selling

Last quarter: 106 funds bought or added vs 77 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 30 → 24 → 38 → 30. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 27% medium ■ 17% new

97 out of 175 hedge funds have held TAC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📈

Growing discovery — still being found

29 → 30 → 24 → 38 → 30 new funds/Q

New funds entering each quarter: 30 → 24 → 38 → 30. A growing number of institutions are discovering TAC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 60% of holders stayed 2+ years

■ 60% veterans ■ 18% 1-2yr ■ 21% new

Of 187 current holders: 113 (60%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds

37 of 175 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in TAC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.3

out of 10

Low Exit Risk

Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	175	172	1.74%
13F Shares	219M	223M	-1.61%
Total Value	$2.88B	$2.82B	2.01%
New Positions	30	38	-8
Increased Positions	72	51	+21
Closed Positions	27	30	-3
Reduced Positions	46	59	-13
Total Calls	11	10	10.0%
Total Puts	5	7	-28.57%
PUT/CALL Ratio	0.45	0.7	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

175

172

1.74%

13F Shares

219M

223M

-1.61%

Total Value

$2.88B

$2.82B

2.01%

New Positions

-8

Increased Positions

+21

Closed Positions

-3

Reduced Positions

-13

Total Calls

10.0%

Total Puts

-28.57%

PUT/CALL Ratio

0.45

0.7

Bullish

Institutional Holders (2026 Q1)

175 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TAC. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 institutional holders of TAC — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Arvin Capital Management LP	7.18%	4,488,235	$58.8M
2	Potrero Capital Research LLC	6.36%	790,373	$10.4M
3	Clayton Partners LLC	6.01%	631,406	$8.3M
4	Rubric Capital Management LP	2.47%	17,781,325	$232.9M
5	Tacita Capital Inc	1.73%	222,601	$2.9M
6	WESTERLY CAPITAL MANAGEMENT, LLC	1.69%	475,000	$6.2M
7	OAKTREE CAPITAL MANAGEMENT LP	1.34%	6,415,253	$84.1M
8	Timelo Investment Management Inc.	1.08%	105,000	$1.4M
9	AREX Capital Management, LP	0.87%	40,000	$526K
10	Yaupon Capital Management LP	0.73%	1,788,700	$23.5M
11	INTACT INVESTMENT MANAGEMENT INC.	0.54%	1,449,000	$19.0M
12	BROOKFIELD Corp /ON/	0.48%	26,954,624	$354.3M
13	ARDSLEY ADVISORY PARTNERS LP	0.46%	275,000	$3.6M
14	Melqart Asset Management (UK) Ltd	0.29%	227,406	$3.0M
15	Two Seas Capital LP	0.29%	1,597,900	$20.9M
16	Hartree Partners, LP	0.28%	100,000	$1.3M
17	Purpose Unlimited Inc.	0.28%	514,589	$6.8M
18	Artemis Investment Management LLP	0.26%	1,875,520	$24.7M
19	AYAL Capital Advisors Ltd	0.23%	65,000	$852K
20	Rokos Capital Management LLP	0.23%	2,293,069	$30.1M
21	SIG North Trading, ULC	0.21%	787,900	$10.3M
22	BTG Pactual Asset Management US LLC	0.19%	169,173	$2.2M
23	Diametric Capital, LP	0.18%	54,067	$708K
24	Waratah Capital Advisors Ltd.	0.17%	340,000	$4.5M
25	Value Aligned Research Advisors, LLC	0.16%	2,596,273	$34.1M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — TRANSALTA CORP (TAC)

What does the Smart Money Trend signal show for TAC?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added TAC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TAC?

Slight buying edge — 58% buying: Last quarter: 106 funds bought or added vs 77 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TAC holders?

Elite ownership — 49% AUM from top-100 funds: 37 of 175 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in TAC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TAC?

55% of holders stayed for 2+ years: 97 out of 175 hedge funds have held TAC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy TRANSALTA CORP (TAC) following the 2026 Q1 hedge fund 13F filings?

As of today, TAC has moved +6.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.4% for the XLU sector ETF — an outperformance of +2.8%. Since the quarter end (March 31, 2026), TAC has gained +3.5% vs -1.2% for XLU. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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TRANSALTA CORP (TAC)

Smart Money Signals — TAC

Buying streak — 2 quarters in a row

At the ownership peak (96% of max)

Steady growth — +7% more funds vs a year ago

Slight buying edge — 58% buying

Fewer new buyers each quarter (-8 vs last Q)

55% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 60% of holders stayed 2+ years

Elite ownership — 49% AUM from top-100 funds

Institutional Sentiment Summary — TAC

Hedge Fund Ownership: TAC

Market Analysis: TAC

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TAC

Is It Too Late to Buy TRANSALTA CORP (TAC) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: TAC

Statistics: TAC

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — TRANSALTA CORP (TAC)

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