Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Thomson Reuters Corp (TRI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -26
Streak
3Q ▼
Buyers last Q
50%

Smart Money Signals — TRI

Based on 467 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their TRI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
467 funds currently hold this stock — 89% of the 3.0-year high of 523 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
17 fewer hedge funds hold TRI compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

251 buying248 selling
Last quarter: 251 funds bought or added vs 248 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.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new TRI position: 97 → 105 → 77 → 83. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 20% medium ■ 23% new
264 out of 467 hedge funds have held TRI 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.
💎

Buying through price weakness — shares +0%, value -32%

Value
-31%
Shares
+0%
Last quarter: funds added +0% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

55 → 97 → 105 → 77 → 83 new funds/Q
New funds entering each quarter: 97 → 105 → 77 → 83. TRI is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 62% veterans vs 28% newcomers

■ 62% veterans ■ 10% 1-2yr ■ 28% new
Entry-cohort mix of 489 holders: 303 (62%) are 2+ year veterans, 51 entered 1–2 years ago, and 135 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
57 of 460 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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.

Institutional Sentiment Summary — TRI

In 2026 Q1, 251 hedge funds were net buyers of TRI (83 opened a new position, 168 added to an existing one), while 248 reduced or exited (139 trimmed, 109 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. Net fund flow last quarter: -26 funds (more exits than new entries). Total institutional holders: 467.

Hedge Fund Ownership: TRI

How many hedge funds hold TRI — quarterly history vs. share price
Quarterly hedge fund ownership of TRI vs. share price

Market Analysis: TRI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Thomson Reuters Corp (TRI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TRI has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
TRI
-9.5%
XLI
+8.9%

TRI outperformed XLI by -18.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
TRI
-0.9%
XLI
+329.7%

Since the filing became public, TRI outperformed XLI by -330.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

28 top-rated funds 7 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: TRI
464 + Investors

Track Smart Money conviction in TRI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 464 493 -5.88%
13F Shares 401M 400M 0.34%
Total Value $36.06B $52.75B -31.64%
New Positions 81 77 +4
Increased Positions 166 171 -5
Closed Positions 110 97 +13
Reduced Positions 136 173 -37
Total Calls 16 8 100.0%
Total Puts 13 7 85.71%
PUT/CALL Ratio 0.81 0.88 Neutral

Statistics: TRI

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

464 + investors

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

QUARTER:
Top 25 TRI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 LCC Family Corp. 100.00% 3,241,565 $291.7M
2 SEG Family Corp. 100.00% 2,503,903 $225.3M
3 Woodbridge CO LTD 97.32% 300,790,959 $27.07B
4 TLT Family Holdco ULC 53.47% 4,302,901 $387.2M
5 DKRT Investments Corp. 22.89% 1,003,851 $90.3M
6 PJT Investments Corp. 18.91% 530,297 $47.7M
7 Heathbridge Capital Management Ltd. 4.29% 131,200 $11.8M
8 Davis-Rea LTD. 2.96% 126,045 $11.3M
9 Penbrook Management LLC 1.69% 24,774 $2.2M
10 Cooper Investors Pty Ltd 1.56% 42,436 $3.8M
11 First National Bank of Mount Dora, Trust Investment Services 1.41% 40,930 $6.4M
12 BCV Asset Management Inc. 1.32% 427,356 $38.4M
13 Burkett Asset Management Ltd 1.27% 14,312 $1.3M
14 Louisbourg Investments INC. 1.24% 72,832 $6.6M
15 Dearborn Partners LLC 1.10% 226,158 $20.3M
16 Bastion Asset Management Inc. 1.06% 38,658 $3.5M
17 Dixon Mitchell Investment Counsel Inc. 0.95% 303,326 $27.3M
18 Paragon Capital Management Inc 0.84% 11,082 $997K
19 Fiera Capital Corp 0.66% 2,133,045 $191.9M
20 Scheer, Rowlett & Associates Investment Management Ltd. 0.62% 94,951 $8.6M
21 1832 Asset Management L.P. 0.60% 7,235,355 $651.0M
22 Agf Management Ltd 0.58% 1,437,038 $129.9M
23 Intact Investment Management INC. 0.53% 207,729 $18.7M
24 Cidel Asset Management Inc 0.53% 107,248 $9.6M
25 Bank of Nova Scotia Trust Co 0.52% 67,786 $6.1M
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 — Thomson Reuters Corp (TRI)

What does the Smart Money Trend signal show for TRI?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their TRI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TRI?

Slight buying edge — 50% buying: Last quarter: 251 funds bought or added vs 248 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 TRI holders?

Smaller funds dominant — 12% AUM from top-100: 57 of 460 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TRI?

57% of holders stayed for 2+ years: 264 out of 467 hedge funds have held TRI 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 Thomson Reuters Corp (TRI) following the 2026 Q1 hedge fund 13F filings?

As of today, TRI has moved -0.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +329.7% for the XLI sector ETF — an outperformance of -330.6%. Since the quarter end (March 31, 2026), TRI has gained -9.5% vs +8.9% for XLI. 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →