Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TC ENERGY CORP (TRP)

615 + 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
↑ +42
Streak
1Q ▲
Buyers last Q
58%

Smart Money Signals — TRP

Based on 593 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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
593 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 — +6% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

310 buying224 selling
Last quarter: 310 funds bought or added vs 224 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 (+32 vs last Q)

new funds entering per quarter
Funds opening a new TRP position: 65 → 71 → 59 → 91. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 21% medium ■ 17% new
367 out of 593 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.
📈

Growing discovery — still being found

94 → 65 → 71 → 59 → 91 new funds/Q
New funds entering each quarter: 65 → 71 → 59 → 91. A growing number of institutions are discovering TRP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 11% 1-2yr ■ 22% new
Of 615 current holders: 413 (67%) 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 — 51% AUM from top-100 funds

51% from top-100 AUM funds
43 of 593 holders are among the 100 largest funds by AUM, controlling 51% 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.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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.

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

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

61 top-rated funds 12 high-conviction
Consensus
7.8
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: TRP
2026 Q1 Stats Unlock in 22 days 615 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 615 577 6.59%
13F Shares 755M 821M -8.04%
Total Value $41.54B $44.51B -6.67%
New Positions 91 61 +30
Increased Positions 249 250 -1
Closed Positions 49 70 -21
Reduced Positions 216 231 -15
Total Calls 11 13 -15.38%
Total Puts 12 14 -14.29%
PUT/CALL Ratio 1.09 1.08 Neutral

Statistics: TRP

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Valuation Measures Data as of: --

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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
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Net Income Avi to Common (ttm) --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

615 + investors

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

Top 25 institutional holders of TRP — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fractal Investments LLC 4.81% 649,000 $40.6M
2 Cardinal Capital Management, Inc. 4.26% 2,534,676 $158.2M
3 VIKING FUND MANAGEMENT LLC 3.40% 530,000 $33.2M
4 SL ADVISORS, LLC 2.62% 24,735 $1.5M
5 Addenda Capital Inc. 2.25% 908,833 $80.0M
6 MILLER HOWARD INVESTMENTS INC /NY 2.22% 1,294,518 $81.0M
7 HF Advisory Group, LLC 1.78% 83,668 $5.2M
8 apricus wealth, LLC 1.75% 57,510 $3.6M
9 HENNESSY ADVISORS INC 1.04% 459,700 $28.8M
10 CHELSEA COUNSEL CO 1.03% 43,150 $2.4M
11 VIEWPOINT INVESTMENT PARTNERS CORP 0.99% 36,337 $2.1M
12 Cardinal Point Capital Management ULC 0.97% 252,721 $15.8M
13 K.J. Harrison & Partners Inc 0.69% 67,086 $4.2M
14 VALICENTI ADVISORY SERVICES INC 0.68% 49,715 $3K
15 BENEDICT FINANCIAL ADVISORS INC 0.64% 48,859 $3.1M
16 STABLEFORD CAPITAL II LLC 0.63% 27,122 $1.7M
17 First Bank & Trust 0.60% 59,983 $3.8M
18 SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.60% 48,578 $3.0M
19 First County Bank /CT/ 0.59% 17,621 $1.1M
20 Summerhill Capital Management lnc. 0.58% 10,663 $666K
21 Wiser Advisor Group LLC 0.55% 7,237 $453K
22 Kennebec Savings Bank 0.54% 9,687 $606K
23 Bell Bank 0.48% 180,873 $11.3M
24 EXCHANGE TRADED CONCEPTS, LLC 0.47% 1,058,554 $66.3M
25 Code Waechter LLC 0.42% 11,220 $702K
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 — 1 quarter in a row: For 1 consecutive quarter, 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 — 58% buying: Last quarter: 310 funds bought or added vs 224 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 — 51% AUM from top-100 funds: 43 of 593 holders are among the 100 largest funds by AUM, controlling 51% 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?

62% of holders stayed for 2+ years: 367 out of 593 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.