TD Asset Management Boosts Stake in Maplebear Inc.

The investment firm increased its holdings in the online grocery delivery company by 95.5% in the third quarter.

Mar. 3, 2026 at 7:39am by Ben Kaplan

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TD Asset Management Inc. has significantly increased its stake in Maplebear Inc. (NASDAQ:CART), the online grocery delivery company. According to a recent SEC filing, the investment firm raised its holdings in Maplebear by 95.5% during the third quarter, now owning 847,595 shares or 0.32% of the company's stock.

Why it matters

Maplebear, operating under the Instacart brand, is a leading player in the rapidly growing online grocery delivery market. TD Asset Management's increased investment signals confidence in the company's long-term prospects as consumer shopping habits continue to shift towards e-commerce.

The details

In the third quarter, TD Asset Management purchased an additional 413,995 shares of Maplebear, bringing its total holdings to 847,595 shares worth $31.16 million. This represents a 95.5% increase in the firm's stake in the company. Maplebear, founded in 2012 and headquartered in San Francisco, has grown from a regional startup to a publicly traded company listed on the Nasdaq under the ticker symbol CART.

  • TD Asset Management filed its 13F report disclosing the increased Maplebear stake on February 28, 2026.
  • The firm raised its holdings in Maplebear during the third quarter of 2025.

The players

TD Asset Management Inc.

A Canadian investment management firm that oversees over $400 billion in assets.

Maplebear Inc.

The parent company of the online grocery delivery service Instacart, founded in 2012 and headquartered in San Francisco.

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What they’re saying

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

TD Asset Management's increased investment in Maplebear highlights the growing importance of online grocery delivery as consumer shopping habits evolve. The move suggests the firm sees significant long-term potential in Maplebear's Instacart platform as it continues to expand its reach and market share.