Tc Energy CORP (TRP) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: -$2.2B

TRP ranks #777 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

TRP is a top-conviction position for Mufg Securities — at 8.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in TRP belongs to Royal Bank Of Canada, but the position matters far more to Mufg Securities, who has 8.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Capital Research Global Investors has added to its TRP position for two straight quarters, increasing it by $1.1B to reach $2.9B today.

Toronto Dominion Bank has trimmed its TRP position for two straight quarters, cutting it by $559.3M while still holding $466.3M.

TRP is down 1% today, and institutions have been net sellers of $2.2B this quarter — today's price move and the underlying institutional flow are pointing the same direction.

TRP closed its latest fiscal year with net income of $3.5B, and currently trades at a P/E of 18.5.

• Profitable — net income of $3.5B in the latest fiscal year
• Revenue grew 10.7% year over year
• Net income declined year over year, from $4.7B to $3.5B
• Generated $7.3B in positive operating cash flow
• Current ratio of 0.63x — below the conventional 1.5x liquidity buffer
• Liabilities run 2.22x equity — a highly leveraged balance sheet worth noting