ROYAL BANK OF CANADA

Bank broker Mechanical CIK 1000275
League rank
#19
in Bank broker · #3676 overall
Long book
$527.22B
Q1 2026
Positions
6857
Top-10 weight
22%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
12%
of book per quarter

Strategy in plain words

auto-generated from filings

ROYAL BANK OF CANADA is a bank/brokerage whose filings mix client and house positions, running a $527.22B US long book across 6857 positions.

The portfolio is broadly diversified across 6857 positions (top 10 only 22%). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, NVIDIA CORP, MICROSOFT CORP, ISHARES CORE S&P 500 ETF, ROYAL BANK OF CANADA.

Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+7.6%
Q3 2024
+0.2%
Q4 2024
-2.0%
Q1 2025
+9.8%
Q2 2025
+7.6%
Q3 2025
+3.0%
Q4 2025
-1.6%
Q1 2026
+11.6%

Sector allocation

Technology
26%
Financials
20%
Industrials
9%
Consumer discretionary
8%
Energy
7%
Healthcare
7%
Utilities
6%
Services media
4%

Long book by quarter

$409.75B
Q1 2024
$414.08B
Q2 2024
$449.37B
Q3 2024
$461.80B
Q4 2024
$446.50B
Q1 2025
$1.03T
Q2 2025
$561.36B
Q3 2025
$568.35B
Q4 2025
$527.22B
Q1 2026

What does ROYAL BANK own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology67.0M$16.99B3.2%-4.7%
NVDA NVIDIA CORPTechnology93.0M$16.22B3.1%-9.2%
MSFT MICROSOFT CORPTechnology37.1M$13.72B2.6%-1.1%
RY ROYAL BANK OF CANADAFinancials71.3M$11.53B2.2%-0.7%
TD TORONTO-DOMINION BANKFinancials114.5M$10.69B2.0%-5.6%
GOOGL ALPHABET INC-CL ATechnology35.3M$10.14B1.9%-6.8%
AMZN AMAZON.COM INCConsumer discretionary46.5M$9.69B1.8%-6.2%
AVGO BROADCOM INCTechnology23.8M$7.36B1.4%-2.2%
BMO BANK OF MONTREALFinancials52.6M$7.12B1.4%+5.0%
JPM JPMORGAN CHASE & COFinancials23.9M$7.03B1.3%-0.8%
GOOG ALPHABET INC-CL CTechnology22.5M$6.44B1.2%-11.3%
CM CAN IMPERIAL BK OF COMMERCEFinancials66.2M$6.28B1.2%+0.1%
CNQ CANADIAN NATURAL RESOURCESEnergy124.8M$6.08B1.2%+10.7%
TRP TC ENERGY CORPUtilities89.1M$5.58B1.1%-5.5%
ENB ENBRIDGE INCEnergy102.7M$5.56B1.1%-7.6%
META META PLATFORMS INC-CLASS ATechnology8.8M$5.06B1.0%-15.9%
BNS BANK OF NOVA SCOTIAFinancials71.8M$4.98B0.9%-12.2%
BN BROOKFIELD CORPReal estate113.8M$4.60B0.9%+0.1%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials9.1M$4.37B0.8%-4.8%
SU SUNCOR ENERGY INCEnergy64.0M$4.23B0.8%+1.5%
CP CANADIAN PACIFIC KANSAS CITYIndustrials53.0M$4.17B0.8%0.0%
LLY ELI LILLY & COHealthcare4.3M$3.92B0.7%-2.5%
MFC MANULIFE FINANCIAL CORPFinancials111.0M$3.82B0.7%-16.4%
V VISA INC-CLASS A SHARESServices media12.5M$3.78B0.7%-0.5%
COST COSTCO WHOLESALE CORPConsumer discretionary3.8M$3.75B0.7%-4.9%
WMT WALMART INCConsumer discretionary27.8M$3.45B0.7%+7.5%
JNJ JOHNSON & JOHNSONHealthcare13.4M$3.27B0.6%-6.3%
XOM EXXON MOBIL CORPEnergy18.9M$3.21B0.6%-1.5%
AEM AGNICO EAGLE MINES LTDMaterials15.0M$3.05B0.6%+2.5%
CNI CANADIAN NATL RAILWAY COIndustrials27.5M$2.83B0.5%+5.3%
CVX CHEVRON CORPEnergy13.1M$2.72B0.5%+4.9%
SLF SUN LIFE FINANCIAL INCFinancials41.6M$2.61B0.5%-8.1%
SHOP SHOPIFY INC - CLASS ATechnology21.7M$2.57B0.5%+9.7%
HD HOME DEPOT INCConsumer discretionary7.5M$2.48B0.5%-1.9%
TSLA TESLA INCIndustrials6.6M$2.47B0.5%-11.6%
MA MASTERCARD INC - AServices media4.9M$2.45B0.5%-3.1%
NTR NUTRIEN LTDOther31.0M$2.34B0.4%+0.1%
BAC BANK OF AMERICA CORPFinancials44.3M$2.16B0.4%+3.3%
KO COCA-COLA CO/THEConsumer staples28.0M$2.13B0.4%+3.8%
MCD MCDONALD'S CORPConsumer discretionary6.8M$2.11B0.4%-6.6%
NFLX NETFLIX INCServices media21.7M$2.09B0.4%+0.7%
AZN ASTRAZENECA PLCHealthcare10.4M$2.05B0.4%New
PG PROCTER & GAMBLE CO/THEOther14.1M$2.04B0.4%+0.9%
WCN WASTE CONNECTIONS INCUtilities12.2M$1.98B0.4%+1.4%
FTS FORTIS INCUtilities35.2M$1.97B0.4%+0.2%
TMO THERMO FISHER SCIENTIFIC INCOther3.9M$1.92B0.4%-3.0%
NEE NEXTERA ENERGY INCUtilities19.4M$1.80B0.3%-3.8%
TJX TJX COMPANIES INCConsumer discretionary11.0M$1.76B0.3%+4.3%
PBA PEMBINA PIPELINE CORPEnergy38.7M$1.73B0.3%-8.4%
TXN TEXAS INSTRUMENTS INCTechnology8.8M$1.71B0.3%-6.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202625608$570.14B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202629040$614.69B canonicalSEC ↗
Q3 202513F-HRNov 14, 202527742$610.24B canonicalSEC ↗
Q2 202513F-HR/ANEW HOLDINGSNov 21, 202528572$554.93B canonicalSEC ↗
Q2 202513F-HRAug 14, 202528572$554.86B canonicalSEC ↗
Q1 202513F-HR/ARESTATEMENTNov 21, 202525562$478.55B canonicalSEC ↗
Q1 202513F-HRMay 15, 202525563$478.55B SEC ↗
Q4 202413F-HRFeb 14, 202525480$500.52B canonicalSEC ↗
Q3 202413F-HRNov 14, 202428210$489.79B canonicalSEC ↗
Q2 202413F-HR/ARESTATEMENTNov 6, 202427209$439.07B canonicalSEC ↗
Q2 202413F-HRAug 14, 202427346$441.27B SEC ↗
Q1 202413F-HR/ARESTATEMENTNov 5, 202427530$435.87B canonicalSEC ↗
Q1 202413F-HRMay 15, 202427664$438.14B SEC ↗