TD Asset Management Reduces Stake in Reliance, Inc.

Institutional investor sells over 14,000 shares of industrial products company

Mar. 3, 2026 at 7:39am

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TD Asset Management Inc. has reduced its stake in Reliance, Inc. (NYSE:RS) by 11.4% during the third quarter, according to a recent 13F filing with the SEC. The institutional investor now owns approximately 109,940 shares of the industrial products company's stock, down from 124,055 shares previously.

Why it matters

Reliance is a major player in the industrial products industry, and changes in institutional ownership can signal shifts in market sentiment around the company. TD Asset Management's decision to sell a portion of its Reliance holdings may indicate broader concerns about the company's performance or outlook.

The details

According to the 13F filing, TD Asset Management sold 14,115 shares of Reliance stock during the third quarter. The institutional investor now owns approximately 0.21% of the company's outstanding shares, valued at around $30.9 million as of the most recent filing.

  • The 13F filing was submitted on February 28, 2026, covering the third quarter of 2025.

The players

TD Asset Management Inc.

A major institutional investor that manages over $400 billion in assets.

Reliance, Inc.

An industrial products company that distributes and processes a broad array of metal products, serving diverse end markets such as energy, infrastructure, and transportation.

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The takeaway

The reduction in TD Asset Management's stake in Reliance, Inc. could signal broader concerns about the company's performance or outlook among institutional investors. However, without additional context or commentary from the firm, it's difficult to determine the specific reasons behind the decision to sell a portion of their holdings.