Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tc Energy Corp (TRP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
3Q ▲
Buyers last Q
53%

Smart Money Signals — TRP

Based on 701 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added TRP 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 (100% of max)

100% of all-time peak
701 hedge funds hold TRP 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 — +19% more funds vs a year ago

fund count last 6Q
+110 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

331 buying294 selling
Last quarter: 331 funds bought or added vs 294 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 (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 68 → 97 → 94 → 83. 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.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 20% new
419 out of 701 hedge funds have held TRP 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.
➡️

Steady discovery — ~83 new funds/quarter

76 → 68 → 97 → 94 → 83 new funds/Q
New funds entering each quarter: 68 → 97 → 94 → 83. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 22% newcomers

■ 65% veterans ■ 13% 1-2yr ■ 22% new
Entry-cohort mix of 732 holders: 475 (65%) are 2+ year veterans, 93 entered 1–2 years ago, and 164 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
61 of 700 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in TRP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — TRP

In 2026 Q2, 331 hedge funds were net buyers of TRP (83 opened a new position, 248 added to an existing one), while 294 reduced or exited (231 trimmed, 63 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 57% of total institutional value in TRP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 701.

Hedge Fund Ownership: TRP

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

Market Analysis: TRP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRP

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

Loading signal freshness…
Smart Money Signal ?
Growing Institutional Interest

Quality funds are building positions — conviction is rising but not yet widespread.

23 top-rated funds 15 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
6.6
/ 10
conviction
Hedge Fund Positioning: TRP
695 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 695 681 2.06%
13F Shares 684M 725M -5.69%
Total Value $45.07B $44.56B 1.14%
New Positions 81 94 -13
Increased Positions 239 239 -
Closed Positions 66 44 +22
Reduced Positions 225 213 +12
Total Calls 16 17 -5.88%
Total Puts 16 16 -
PUT/CALL Ratio 1.0 0.94 Neutral

Statistics: TRP

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Institutional Holders (2026 Q2)

695 + investors

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

QUARTER:
Top 25 TRP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Mufg Securities (canada), LTD. 7.97% 4,473,642 $295.8M
2 Heathbridge Capital Management Ltd. 6.63% 293,225 $19.4M
3 Coleford Investment Management Ltd. 5.18% 355,830 $23.7M
4 Fractal Investments LLC 5.12% 670,000 $44.4M
5 Kayne Anderson Capital Advisors LP 5.10% 3,922,519 $260.0M
6 Tortoise Capital Advisors, L.L.C. 4.92% 7,294,330 $483.5M
7 Bank of Nova Scotia Trust Co 4.51% 819,804 $54.3M
8 Harrison Street Private Wealth LLC 4.36% 46,790 $3.1M
9 Cardinal Capital Management, Inc. 4.08% 2,553,583 $168.8M
10 Amplify Investments, LLC 4.07% 4,440 $294K
11 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 3.70% 1,245,800 $82.6M
12 Scheer, Rowlett & Associates Investment Management Ltd. 3.05% 641,071 $42.4M
13 Thornburg Investment Management Inc 3.01% 4,755,014 $314.6M
14 Lorne Steinberg Wealth Management Inc. 2.85% 209,505 $13.9M
15 Sl Advisors, LLC 2.85% 24,562 $1.6M
16 Viking Fund Management LLC 2.67% 450,000 $29.8M
17 SIG North Trading, ULC 2.56% 2,091,800 $138.7M
18 Tacita Capital Inc 2.29% 63,719 $4.2M
19 Miller Howard Investments Inc /Ny 2.23% 1,270,274 $84.2M
20 Scotia Capital INC. 2.21% 8,944,435 $591.5M
21 Addenda Capital Inc. 2.19% 848,757 $80.5M
22 GQG Partners LLC 2.06% 16,736,302 $1.11B
23 Connor, Clark & Lunn Investment Management Ltd. 1.85% 14,781,669 $978.0M
24 TD Waterhouse Canada Inc. 1.83% 10,619,936 $695.8M
25 Ontario Teachers Pension Plan Board 1.74% 4,140,461 $273.9M
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 — Tc Energy Corp (TRP)

What does the Smart Money Trend signal show for TRP?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added TRP 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 TRP?

Slight buying edge — 53% buying: Last quarter: 331 funds bought or added vs 294 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 TRP holders?

Elite ownership — 57% AUM from top-100 funds: 61 of 700 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in TRP. 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 TRP?

60% of holders stayed for 2+ years: 419 out of 701 hedge funds have held TRP 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.

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.

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