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When it comes to choosing stocks, it can be interesting to find out what other investors are holding. Of course, investing in a stock shouldn’t be considered a popularity contest. But if the average Canadian investor is holding one stock, then it does, of course, warrant perhaps some digging into.
What is this magic stock?
To figure out the stock that the average Canadian investor owns, I simply looked at the company with the highest market capitalization on the TSX today, and saw how much of the public owns it. The largest market cap still belongs to Royal Bank of Canada (TSX:RY) by a long shot at $191.09 billion as of writing.
From there, we can see that just over 51% of the company is owned by institutions. That means around 49% are held by the public. Perhaps a bit less, as insiders are likely to also hold RBC stock as well as some government ownership. But overall, it does likely hold the largest…
