Royal Bank of Canada
US ˙ NYSE ˙ CA7800871021

SecurityRY / Royal Bank of Canada
InstitutionLincluden Management Ltd
Latest Disclosed Ownership407,274 shares
Latest Disclosed Value $ 66,859
Lincluden Management Ltd reports 4.68% decrease in ownership of RY / Royal Bank of Canada

On May 13, 2026 - Lincluden Management Ltd filed a 13F-HR form disclosing ownership of 407,274 shares of Royal Bank of Canada (US:RY) valued at $65,888,788 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 427,261 shares of Royal Bank of Canada. This represents a change in shares of -4.68% during the quarter. The current value of the position is $77,821,916 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F ROYAL BANK OF CANADA COM 780087102 407,274 -19,987 -4.68 67 -33.33 7.1206
2026-01-30 2025-12-31 13F ROYAL BANK OF CANADA COM 780087102 427,261 -16,521 -3.72 100 52.31 8.4936
2025-11-14 2025-09-30 13F ROYAL BANK OF CANADA COM 780087102 443,782 -51,926 -10.48 65 0.00 7.2382
2025-07-25 2025-06-30 13F ROYAL BANK OF CANADA COM 780087102 495,708 -47,639 -8.77 65 6.56 7.2090
2025-05-06 2025-03-31 13F ROYAL BANK OF CANADA COM 780087102 543,347 -48,208 -8.15 61 -14.08 7.7761
2025-02-04 2024-12-31 13F ROYAL BANK OF CANADA COM 780087102 591,555 -14,614 -2.41 71 -5.33 8.6334
2024-10-28 2024-09-30 13F ROYAL BANK OF CANADA COM 780087102 606,169 -19,996 -3.19 76 13.64 8.2568
2024-07-24 2024-06-30 13F ROYAL BANK OF CANADA COM 780087102 626,165 -4,008 -0.64 67 4.76 8.1016
2024-05-07 2024-03-31 13F ROYAL BANK OF CANADA COM 780087102 630,173 -19,299 -2.97 64 -3.08 7.5389
2024-02-07 2023-12-31 13F ROYAL BANK OF CANADA COM 780087102 649,472 -121,877 -15.80 66 -2.99 7.9703
2023-11-08 2023-09-30 13F ROYAL BANK OF CANADA COM 780087102 771,349 -14,531 -1.85 67 -10.67 8.1595
2023-08-09 2023-06-30 13F ROYAL BANK OF CANADA COM 780087102 785,880 -20,973 -2.60 75 -1.32 8.6461
2023-05-12 2023-03-31 13F ROYAL BANK OF CANADA COM 780087102 806,853 12,159 1.53 77 2.70 8.7438
2023-02-02 2022-12-31 13F ROYAL BANK OF CANADA COM 780087102 794,694 -21,614 -2.65 75 -99.90 8.6715
2022-11-07 2022-09-30 13F ROYAL BANK OF CANADA COM 780087102 816,308 -56,863 -6.51 73,499 -13.07 9.3635
2022-08-08 2022-06-30 13F ROYAL BANK OF CANADA COM 780087102 873,171 -46,938 -5.10 84,549 -16.54 9.2525
2022-05-12 2022-03-31 13F ROYAL BANK OF CANADA COM 780087102 920,109 -25,500 -2.70 101,307 0.95 8.9672
2022-02-09 2021-12-31 13F ROYAL BANK OF CANADA COM 780087102 945,609 22,377 2.42 100,358 9.25 9.1743
2021-11-09 2021-09-30 13F ROYAL BANK OF CANADA COM 780087102 923,232 3,414 0.37 91,864 -1.42 9.2171
2021-08-12 2021-06-30 13F ROYAL BANK OF CANADA COM 780087102 919,818 -105,111 -10.26 93,191 -1.42 8.9401
2021-05-06 2021-03-31 13F ROYAL BANK OF CANADA COM 780087102 1,024,929 -39,660 -3.73 94,538 8.08 9.1720
2021-02-09 2020-12-31 13F ROYAL BANK OF CANADA COM 780087102 1,064,589 -317,358 -22.96 87,473 -9.85 9.1068
2020-10-29 2020-09-30 13F ROYAL BANK OF CANADA COM 780087102 1,381,947 4,270 0.31 97,028 3.80 9.5905
2020-08-10 2020-06-30 13F ROYAL BANK OF CANADA COM 780087102 1,377,677 95,253 7.43 93,472 17.58 9.8087
2020-05-14 2020-03-31 13F ROYAL BANK OF CANADA COM 780087102 1,282,424 42,055 3.39 79,497 -19.00 9.5850
2020-02-13 2019-12-31 13F ROYAL BANK OF CANADA COM 780087102 1,240,369 20,040 1.64 98,146 -0.85 8.8364
2019-11-05 2019-09-30 13F ROYAL BANK OF CANADA COM 780087102 1,220,329 12,105 1.00 98,992 3.10 9.1805
2019-08-15 2019-06-30 13F ROYAL BANK OF CANADA COM 780087102 1,208,224 -21,935 -1.78 96,018 3.46 6.1140
2019-05-16 2019-03-31 13F ROYAL BANK OF CANADA COM 780087102 1,230,159 -13,450 -1.08 92,809 9.04 8.8893
2019-02-01 2018-12-31 13F ROYAL BANK OF CANADA COM 780087102 1,243,609 -120,748 -8.85 85,118 -21.10 6.5412
2018-11-19 2018-09-30 13F ROYAL BANK OF CANADA COM 780087102 1,364,357 -59,965 -4.21 107,882 0.66 8.9828
2018-08-14 2018-06-30 13F ROYAL BANK OF CANADA COM 780087102 1,424,322 33,670 2.42 107,179 -0.16 7.8173
2018-05-02 2018-03-31 13F ROYAL BANK OF CANADA COM 780087102 1,390,652 625,357 81.71 107,348 -11.94 8.6017
2018-02-15 2017-12-31 13F ROYAL BANK OF CANADA COM 780087102 765,295 -658,832 -46.26 121,900 10.58 8.4505
2017-11-02 2017-09-30 13F ROYAL BANK OF CANADA COM 780087102 1,424,127 128,882 9.95 110,235 -9.61 8.5477
2017-07-25 2017-06-30 13F ROYAL BANK OF CANADA COM 780087102 1,295,245 -8,854 -0.68 121,961 28.55 10.5109
2017-05-16 2017-03-31 13F ROYAL BANK OF CANADA COM 780087102 1,304,099 183,706 16.40 94,875 25.25 8.5446
2017-03-27 2016-12-31 13F ROYAL BANK OF CANADA COM 780087102 1,120,393 349,387 45.32 75,746 58.70 8.2529
2016-11-17 2016-09-30 13F ROYAL BANK OF CANADA COM 780087102 771,006 93,780 13.85 47,728 19.31 7.0127
2016-08-23 2016-06-30 13F ROYAL BANK OF CANADA COM 780087102 677,226 -10,810 -1.57 40,002 1.04 6.6384
2016-04-21 2016-03-31 13F ROYAL BANK OF CANADA COM 780087102 688,036 113,895 19.84 39,592 28.70 6.6856
2016-02-12 2015-12-31 13F ROYAL BANK OF CANADA COM 780087102 574,141 -24,990 -4.17 30,763 -7.36 6.2489
2015-11-09 2015-09-30 13F ROYAL BANK OF CANADA COM 780087102 599,131 -134,580 -18.34 33,208 -25.96 6.4180
2015-07-31 2015-06-30 13F ROYAL BANK OF CANADA COM 780087102 733,711 -34,665 -4.51 44,854 -3.02 5.5241
2015-05-05 2015-03-31 13F ROYAL BANK OF CANADA COM 780087102 768,376 80,778 11.75 46,251 4.34 6.6005
2015-02-19 2014-12-31 13F/A-1 ROYAL BANK OF CANADA COM 780087102 687,598 -51,355 -6.95 44,326 -33.94 4.3785
2015-02-17 2014-12-31 13F ROYAL BANK OF CANADA COM 780087102 687,598 68,674
2014-11-21 2014-09-30 13F ROYAL BANK OF CANADA COM 780087102 738,953 -23,250 -3.05 67,097 8.22 6.5200
2014-07-18 2014-06-30 13F ROYAL BANK OF CANADA COM 780087102 762,203 10,830 1.44 62,002 2.37 5.6560
2014-04-16 2014-03-31 13F ROYAL BANK OF CANADA COM 780087102 751,373 -5,435 -0.72 60,568 19.05 5.6882
2014-02-11 2013-12-31 13F ROYAL BANK OF CANADA COM 780087102 756,808 109,810 16.97 50,878 22.81 4.6207
2013-11-13 2013-09-30 13F ROYAL BANK OF CANADA COM 780087102 646,998 -11,765 -1.79 41,429 -2.38 5.1726
2013-08-08 2013-06-30 13F ROYAL BANK OF CANADA COM 780087102 658,763 658,763 42,440 0.0976
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.