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Manulife Financial Corp

MFC
Exchange
NYSE
Industry
Life Insurance
SEC CIK
0001086888

No open-market purchases or sales by Manulife Financial Corp insiders were filed in the last 90 days; 815 institutions reported holding it in 13F filings for Q2 2026, worth $31.2B in total; Maverick Capital is the only superinvestor holding it.

Other share classesMNLCFMNQFFMNUFFMNUPF

13F holders, Q4 2025

Institutional positions in Manulife Financial Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
768
+85 vs. Q3 2025
Shares held
795.0M
+1.84M (+0.2%) vs. Q3 2025
Total value
$29.0B
+$4.22B (+17.1%) vs. Q3 2025
New holders
135
238 more added
Sold out
50
229 more reduced

22 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MFC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 768 institutions
Q1 2021: 444 institutionsQ2 2021: 463 institutionsQ3 2021: 464 institutionsQ4 2021: 498 institutionsQ1 2022: 498 institutionsQ2 2022: 481 institutionsQ3 2022: 498 institutionsQ4 2022: 507 institutionsQ1 2023: 528 institutionsQ2 2023: 537 institutionsQ3 2023: 541 institutionsQ4 2023: 594 institutionsQ1 2024: 632 institutionsQ2 2024: 640 institutionsQ3 2024: 668 institutionsQ4 2024: 705 institutionsQ1 2025: 719 institutionsQ2 2025: 732 institutionsQ3 2025: 705 institutionsQ4 2025: 768 institutionsQ1 2026: 773 institutionsQ2 2026: 815 institutions
Value heldQ4 2025: $29.0B
Q1 2021: $20.6BQ2 2021: $18.6BQ3 2021: $18.1BQ4 2021: $17.7BQ1 2022: $19.5BQ2 2022: $15.7BQ3 2022: $13.6BQ4 2022: $15.2BQ1 2023: $15.9BQ2 2023: $16.5BQ3 2023: $15.8BQ4 2023: $19.1BQ1 2024: $22.3BQ2 2024: $23.7BQ3 2024: $25.5BQ4 2024: $26.0BQ1 2025: $26.1BQ2 2025: $26.7BQ3 2025: $24.9BQ4 2025: $29.0BQ1 2026: $26.1BQ2 2026: $31.2B
Institutions holding MFC and their total value by quarter
QuarterHoldersValue
Q2 2026815$31.2B
Q1 2026773$26.1B
Q4 2025768$29.0B
Q3 2025705$24.9B
Q2 2025732$26.7B
Q1 2025719$26.1B
Q4 2024705$26.0B
Q3 2024668$25.5B
Q2 2024640$23.7B
Q1 2024632$22.3B
Q4 2023594$19.1B
Q3 2023541$15.8B
Q2 2023537$16.5B
Q1 2023528$15.9B
Q4 2022507$15.2B
Q3 2022498$13.6B
Q2 2022481$15.7B
Q1 2022498$19.5B
Q4 2021498$17.7B
Q3 2021464$18.1B
Q2 2021463$18.6B
Q1 2021444$20.6B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Manulife Financial Corp; share changes are against Q3 2025.

Institutions holding MFC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Royal Bank of Canada132,751,909$4.82B0.85%−26,310,661−16.5%Reduced
Vanguard Group Inc78,317,970$2.84B0.04%+1,606,480+2.1%Added
Bank of Montreal56,829,108$2.06B0.84%−107,653−0.2%Reduced
TD Asset Management Inc38,181,297$1.39B1.12%+542,834+1.4%Added
Mackenzie Financial Corp28,550,943$1.04B1.23%+728,643+2.6%Added
1832 Asset Management L.P.28,578,141$1.04B1.31%+3,209,334+12.7%Added
CIBC World Markets Inc.25,240,489$916.7M1.64%+6,879,864+37.5%Added
National Bank of Canada21,912,877$795.0M0.82%−6,286,819−22.3%Reduced
Norges Bank21,403,764$777.2M0.08%+21,403,764New
Toronto Dominion Bank21,147,091$767.9M1.36%+1,686,291+8.7%Added
Geode Capital Management, LLC16,808,765$623.6M0.04%+1,020,490+6.5%Added
CIBC Asset Management Inc16,885,459$616.5M1.49%+2,145,099+14.6%Added
Bank of Nova Scotia11,942,962$433.7M0.64%−1,358,137−10.2%Reduced
Legal & General Group Plc11,277,287$410.0M0.09%−264,034−2.3%Reduced
Scotia Capital Inc.11,154,123$404.7M1.63%−283,129−2.5%Reduced
Beutel, Goodman & Co Ltd.11,024,527$400.8M2.46%+764,013+7.4%Added
Canada Pension Plan Investment Board11,021,043$400.2M0.27%+4,697,663+74.3%Added
Morgan Stanley10,175,194$369.2M0.02%−71,466−0.7%Reduced
Federation des caisses Desjardins du Quebec9,990,086$362.7M1.39%+219,524+2.2%Added
Goldman Sachs Group Inc9,401,342$341.1M0.05%+2,618,473+38.6%Added
JPMorgan Chase & Co8,426,508$305.7M0.02%−1,550,171−15.5%Reduced
Dimensional Fund Advisors LP8,359,193$303.3M0.06%+621,116+8.0%Added
Connor, Clark & Lunn Investment Management Ltd.7,558,957$274.5M0.72%−1,762,158−18.9%Reduced
Wells Fargo & Company7,206,789$261.5M0.05%−85,770−1.2%Reduced
TD Waterhouse Canada Inc.6,886,799$249.9M1.55%+25,591+0.4%Added
Cardinal Capital Management, Inc.4,569,808$227.8M5.11%−222,501−4.6%Reduced
Man Group plc6,205,598$225.6M0.43%+4,101,390+194.9%Added
Letko, Brosseau & Associates Inc6,151,217$223.7M3.66%−63,250−1.0%Reduced
Massachusetts Financial Services Co5,690,129$206.4M0.07%−208,951−3.5%Reduced
Harding Loevner LP4,727,041$171.5M1.51%−350,175−6.9%Reduced
Swiss National Bank4,491,400$163.4M0.10%−422,900−8.6%Reduced
Bank of America Corp4,328,526$157.0M0.01%−1,696,372−28.2%Reduced
Amundi4,191,967$154.9M0.04%+367,667+9.6%Added
Agf Management Ltd3,759,327$150.8M0.65%−404,504−9.7%Reduced
Healthcare of Ontario Pension Plan Trust Fund4,124,519$149.8M0.25%+3,724,519+931.1%Added
Janus Henderson Group PLC4,045,488$147.3M0.07%+3,850,547+1,975.2%Added
Deutsche Bank AG4,052,764$147.0M0.05%+852,942+26.7%Added
UBS Group AG4,016,230$145.7M0.03%+363,963+10.0%Added
AustralianSuper Pty Ltd3,010,417$109.3M0.51%−186,342−5.8%Reduced
FIL Ltd2,858,765$103.8M0.08%−2,485,780−46.5%Reduced
AQR Capital Management LLC2,778,448$100.9M0.05%+2,708,583+3,876.9%Added
Alberta Investment Management Corp2,757,900$100.1M0.60%00.0%Unchanged
MUFG Securities (Canada), Ltd.2,565,602$93.2M2.59%−245,031−8.7%Reduced
Bridgewater Associates, LP2,558,071$93.0M0.34%−432,580−14.5%Reduced
Omers Administration Corp2,500,006$90.9M0.65%+2,500,006New
Intact Investment Management Inc.2,351,965$85.4M2.46%+839,820+55.5%Added
Caisse de Depot Et Placement du Quebec2,325,640$84.6M0.14%+1,549,640+199.7%Added
Two Sigma Investments, LP2,147,715$77.9M0.12%−489,700−18.6%Reduced
Manufacturers Life Insurance Company, The1,966,790$71.6M0.06%+30,211+1.6%Added
BlackRock, Inc.1,925,112$69.8M0.00%−302,031−13.6%Reduced
Northern Trust Corp1,906,313$69.2M0.01%−58,061−3.0%Reduced
Picton Mahoney Asset Management1,896,152$69.0M0.75%+388,305+25.8%Added
Franklin Resources Inc1,893,333$68.7M0.02%−83,473−4.2%Reduced
Quadrature Capital Ltd1,863,300$67.7M0.69%−2,366,200−55.9%Reduced
Great West Life Assurance Co1,819,979$66.2M0.12%−746,032−29.1%Reduced
Aviva PLC1,795,227$65.2M0.11%+95,913+5.6%Added
Barclays PLC1,694,987$61.5M0.02%+766,720+82.6%Added
Invesco Ltd.1,688,059$61.2M0.01%−52,046−3.0%Reduced
Bank of New York Mellon Corp1,681,507$61.0M0.01%−44,927−2.6%Reduced
Korea Investment CORP1,641,168$59.7M0.12%−14,963−0.9%Reduced
Clearbridge Investments, LLC1,534,757$55.7M0.04%−46,908−3.0%Reduced
Value Partners Investments Inc.1,518,938$55.2M4.24%−1,101−0.1%Reduced
Guardian Capital LP1,516,983$55.2M1.64%+622,772+69.6%Added
Russell Investments Group, Ltd.1,496,659$54.4M0.06%+335,813+28.9%Added
DekaBank Deutsche Girozentrale2,057,848$53.1M0.10%00.0%Unchanged
Grantham, Mayo, Van Otterloo & Co. LLC1,394,526$50.6M0.13%−872,175−38.5%Reduced
Neuberger Berman Group LLC1,387,678$50.4M0.04%+24,721+1.8%Added
Nuveen, LLC1,364,301$49.6M0.01%−6,596−0.5%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)1,353,117$49.2M0.11%−41,580−3.0%Reduced
Van Eck Associates Corp1,329,636$48.4M0.04%+399,945+43.0%Added
Scheer, Rowlett & Associates Investment Management Ltd.1,302,110$47.3M3.24%−202,471−13.5%Reduced
Acadian Asset Management LLC1,287,393$46.8M0.08%+142,754+12.5%Added
British Columbia Investment Management Corp1,282,595$46.6M0.25%−2,594,540−66.9%Reduced
Todd Asset Management LLC1,241,208$45.0M0.88%−150,730−10.8%Reduced
First Trust Advisors LP1,161,195$42.1M0.03%−188,969−14.0%Reduced
Wellington Management Group LLP1,094,504$39.8M0.01%+684,178+166.7%Added
American Century Companies Inc1,092,188$39.7M0.02%+86,515+8.6%Added
State of Tennessee, Treasury Department1,023,048$39.2M0.13%−92,280−8.3%Reduced
Addenda Capital Inc.770,657$38.4M1.13%−33,916−4.2%Reduced
D. E. Shaw & Co., Inc.993,719$36.1M0.03%−2,043,592−67.3%Reduced
Lincluden Management Ltd695,123$34.6M2.94%−166,407−19.3%Reduced
Achmea Investment Management B.V.916,359$33.3M0.85%−17,029−1.8%Reduced
O'Shaughnessy Asset Management, LLC914,776$33.2M0.18%+30,966+3.5%Added
Citigroup Inc884,730$32.2M0.02%−271,378−23.5%Reduced
Canerector Inc630,000$31.4M15.37%−20,000−3.1%Reduced
Jones Financial Companies LLLP857,716$31.1M0.02%+62,560+7.9%Added
Zurich Insurance Group Ltd805,289$29.3M0.20%+3,739+0.5%Added
Bank of Nova Scotia Trust Co798,952$29.0M2.52%+3,963+0.5%Added
Colony Group, LLC796,837$28.9M0.03%+33,688+4.4%Added
Teachers Retirement System of the State of Kentucky753,560$27.3M0.20%−137,950−15.5%Reduced
APG Asset Management N.V.871,660$27.0M0.08%−665,523−43.3%Reduced
Candriam Luxembourg S.C.A.716,046$26.0M0.13%+4,512+0.6%Added
Hillsdale Investment Management Inc.712,830$25.9M0.72%+349,839+96.4%Added
Lombard Odier Asset Management (Europe) Ltd687,972$25.0M1.27%+607,972+760.0%Added
Pictet Asset Management Holding SA678,946$24.7M0.02%+6,622+1.0%Added
Mn Services Vermogensbeheer B.V.669,056$24.3M0.15%+17,219+2.6%Added
PBU - The Pension Fund of Early Childhood & Youth Educators658,184$23.9M0.34%+658,184New
Capital World Investors655,000$23.8M0.00%−4,009,473−86.0%Reduced
Raymond James Financial Inc644,447$23.4M0.01%+61,102+10.5%Added
LPL Financial LLC644,063$23.4M0.01%+16,897+2.7%Added