Mackenzie Financial Corp.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Mackenzie Financial Corp. reported 1,518 stock positions worth $69.1 billion. Its top holding was Royal Bank of Canada (RY) at 3.8% of the portfolio, followed by Microsoft (MSFT, 3.3%) and SS SPDR S&P 500 ETF Trust-US (SPY, 2.4%). Compared with Q4 2023, it opened 142 new positions, sold out of 116, added to 674 and reduced 560. The biggest buy was Cadence Design SYS (CDNS, shares +1136%) and the biggest sale Synopsys (SNPS, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO ONTARIO, A6
- CIK
- 0000919859
- Portfolio Value
- $69.1B (Q1 2024)
- SEC Filing
- 0001062993-24-009839 ↗ filed May 10, 2024
Holdings Value
Holdings 1,518 stocks · $69.1B
| RY Royal Bank of Canada | 3.79% | 25,997,927 | $2.6B | Reduce -3.2% |
| MSFT Microsoft Corp. | 3.27% | 5,376,168 | $2.3B | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.40% | 3,175,506 | $1.7B | Reduce -1.4% |
| TD Toronto-Dominion Bank | 2.25% | 25,778,315 | $1.6B | Reduce -7.4% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.86% | 13,143,397 | $1.3B | Reduce -9.3% |
| CNI Canadian Natl Railway Co. | 1.80% | 9,425,334 | $1.2B | Reduce -5.2% |
| CP Canadian Pacific Kansas City | 1.77% | 13,889,168 | $1.2B | Reduce -2.0% |
| CNQ Canadian Natural Resources | 1.74% | 15,770,436 | $1.2B | Add +0.4% |
| AAPL Apple Inc. | 1.49% | 6,012,494 | $1.0B | Add +4.1% |
| GOOGL Alphabet Inc. Class A | 1.46% | 6,684,765 | $1.0B | Add +6.5% |
| V Visa Inc. Class A | 1.35% | 3,344,932 | $933.5M | Add +29.6% |
| AON Aon PLC Class A | 1.19% | 2,460,462 | $821.1M | Add +5.5% |
| AMZN Amazon.com Inc. | 1.16% | 4,444,800 | $801.8M | Add +8.7% |
| TU Telus Corp. | 1.16% | 49,992,062 | $800.1M | Reduce -12.1% |
| STN Stantec Inc. | 1.14% | 9,471,851 | $786.7M | Reduce -2.4% |
| SLF Sun Life Financial Inc. | 1.13% | 14,295,620 | $780.3M | Add +1.5% |
| BN Brookfield Corp. | 1.12% | 18,456,546 | $772.6M | Reduce -4.0% |
| ENB Enbridge Inc. | 1.10% | 21,127,020 | $763.8M | Reduce -4.1% |
| NTR Nutrien Ltd. | 1.09% | 13,854,197 | $752.9M | Add +3.9% |
| ACN Accenture PLC Class A | 1.08% | 2,154,582 | $746.8M | Add +0.4% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.08% | 14,407,934 | $745.6M | Add +7.3% |
| MFC Manulife Financial Corp. | 0.96% | 26,508,011 | $662.3M | Reduce -4.0% |
| NVDA Nvidia Corp. | 0.95% | 723,883 | $654.1M | Reduce -9.1% |
| BDX Becton Dickinson and Co. | 0.93% | 2,591,975 | $641.4M | Reduce -1.3% |
| CAE Cae Inc. | 0.92% | 30,886,246 | $638.0M | Reduce -7.3% |
| TRI Thomson Reuters Corp. | 0.91% | 4,033,429 | $628.0M | Reduce -12.3% |
| LIN Linde PLC | 0.91% | 1,349,285 | $626.5M | Reduce -0.4% |
| TRP TC Energy Corp. | 0.90% | 15,455,829 | $621.4M | Reduce -6.5% |
| ROP Roper Technologies Inc. | 0.88% | 1,085,479 | $608.8M | Add +21.0% |
| GIB Cgi Inc. | 0.87% | 5,467,465 | $603.4M | Reduce -2.6% |
| WCN Waste Connections Inc. | 0.85% | 3,416,215 | $587.5M | Reduce -2.4% |
| JPM JPMorgan Chase & Co. | 0.84% | 2,906,781 | $582.2M | Reduce -0.5% |
| SU Suncor Energy Inc. | 0.83% | 15,495,102 | $572.1M | Add +1.1% |
| SPGI S&P Global Inc. | 0.82% | 1,339,145 | $569.7M | Reduce -10.9% |
| AEM Agnico Eagle Mines Ltd. | 0.81% | 9,340,457 | $557.2M | Reduce -4.8% |
| JNJ Johnson & Johnson | 0.77% | 3,383,824 | $535.3M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.70% | 366,724 | $486.1M | Reduce -1.3% |
| BAM Brookfield Asset Mgmt-A | 0.69% | 11,318,266 | $475.6M | Add +78.5% |
| META Meta Platforms Inc. Class A | 0.68% | 968,457 | $470.3M | Add +7.8% |
| PBA Pembina Pipeline Corp. | 0.63% | 12,258,143 | $432.8M | Reduce -3.1% |
| PEP Pepsico Inc. | 0.60% | 2,357,662 | $412.6M | Reduce -19.3% |
| QSR Restaurant Brands Intern | 0.58% | 5,024,855 | $399.2M | Add +18.6% |
| RCI Rogers Communications Inc. Class B | 0.57% | 9,588,117 | $393.0M | Add +1.6% |
| IT Gartner Inc. | 0.56% | 809,677 | $385.9M | Add +28.5% |
| ABBV Abbvie Inc. | 0.55% | 2,079,406 | $378.7M | Add +14.3% |
| ORCL Oracle Corp. | 0.54% | 2,989,987 | $375.6M | Reduce -0.6% |
| MCD McDonald's Corp. | 0.53% | 1,303,476 | $367.5M | Reduce -10.1% |
| CL Colgate-Palmolive Co. | 0.53% | 4,076,547 | $367.1M | Add +4.8% |
| MSI Motorola Solutions Inc. | 0.53% | 1,033,981 | $367.0M | Reduce -2.4% |
| KEYS Keysight Technologies Inc. | 0.53% | 2,332,381 | $364.7M | Reduce -13.8% |
| CDNS Cadence Design SYS Inc. | 0.52% | 1,151,999 | $358.6M | Add +1136.0% |
| TMO Thermo Fisher Scientific Inc. | 0.52% | 615,934 | $358.0M | Add +0.3% |
| UNP Union Pacific Corp. | 0.50% | 1,400,546 | $344.4M | Add +1.5% |
| DHR Danaher Corp. | 0.49% | 1,343,698 | $335.5M | Reduce -13.4% |
| UNH Unitedhealth Group Inc. | 0.48% | 674,988 | $333.9M | Reduce -3.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 788,307 | $331.5M | Reduce -3.4% |
| SHOP Shopify Inc. Class A | 0.47% | 4,212,089 | $325.1M | Reduce -2.8% |
| TT Trane Technologies PLC | 0.47% | 1,082,570 | $325.0M | Add +0.9% |
| GLD SPDR Gold Shares | 0.46% | 1,561,216 | $321.2M | Reduce -1.2% |
| FSV Firstservice Corp. | 0.46% | 1,900,304 | $314.7M | Reduce -20.2% |
| PG The Procter & Gamble Co. | 0.44% | 1,881,441 | $305.3M | Add +21.3% |
| MRK Merck & Co. Inc. | 0.42% | 2,189,127 | $288.9M | Add +9.7% |
| B Barrick Gold Corp. | 0.41% | 17,030,910 | $283.4M | Reduce -9.3% |
| LRCX Lam Research Corp. | 0.41% | 288,658 | $280.5M | Reduce -4.6% |
| WMB Williams Cos Inc. | 0.40% | 7,157,841 | $278.9M | Add +0.6% |
| TLT iShares 20+ Year Treasury BD | 0.40% | 2,903,100 | $274.7M | Add +30.9% |
| WMT Walmart Inc. | 0.40% | 4,558,127 | $274.3M | Reduce -4.8% |
| FTS Fortis Inc. | 0.40% | 6,910,825 | $273.2M | Reduce -14.5% |
| OTEX Open Text Corp. | 0.38% | 6,847,489 | $265.8M | Reduce -10.3% |
| CPRT Copart Inc. | 0.38% | 4,565,587 | $264.4M | Add +18.9% |
| WAB Wabtec Corp. | 0.37% | 1,765,954 | $257.3M | Reduce -6.5% |
| CRL Charles River Laboratories | 0.37% | 931,797 | $252.5M | Add +1.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 0.36% | 4,920,722 | $249.6M | Add +10.5% |
| PM Philip Morris International | 0.36% | 2,710,502 | $248.3M | Reduce -3.3% |
| CRH CRH PLC | 0.35% | 2,841,628 | $245.1M | Add +25.1% |
| AKAM Akamai Technologies Inc. | 0.35% | 2,250,854 | $244.8M | Add +12.7% |
| TECK Teck Resources Ltd.-CLS B | 0.35% | 5,309,035 | $243.1M | Reduce -19.9% |
| CVX Chevron Corp. | 0.35% | 1,525,836 | $240.7M | Reduce -5.3% |
| CME Cme Group Inc. | 0.35% | 1,109,833 | $238.9M | Reduce -10.5% |
| PGR Progressive Corp. | 0.34% | 1,144,403 | $236.7M | Add +1.1% |
| CRUS Cirrus Logic Inc. | 0.34% | 2,539,272 | $235.0M | Add +2.1% |
| EXLS Exlservice Holdings Inc. | 0.34% | 7,383,874 | $234.8M | Add +8.4% |
| MMS Maximus Inc. | 0.33% | 2,719,840 | $228.2M | Add +2.8% |
| COST Costco Wholesale Corp. | 0.32% | 305,458 | $223.8M | Reduce -12.0% |
| MCK McKesson Corp. | 0.32% | 409,702 | $219.9M | Reduce -2.8% |
| LLY Eli Lilly & Co. | 0.32% | 281,749 | $219.2M | Reduce -4.5% |
| KO The Coca-Cola Co. | 0.32% | 3,578,159 | $218.9M | Add +12.7% |
| CVE Cenovus Energy Inc. | 0.31% | 10,623,564 | $212.5M | Reduce -3.9% |
| INTU Intuit Inc. | 0.31% | 326,360 | $212.1M | Add +4.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 2,068,780 | $209.8M | Add +13.9% |
| BIP Brookfield Infrastructure Pa | 0.30% | 6,714,769 | $209.8M | Reduce -5.7% |
| APH Amphenol Corp. Class A | 0.30% | 1,769,738 | $204.1M | Add +4.0% |
| MKL Markel Group Inc. | 0.29% | 131,342 | $199.8M | Add +1.4% |
| CSGP Costar Group Inc. | 0.28% | 2,017,480 | $194.9M | Reduce -5.9% |
| FNV Franco-Nevada Corp. | 0.28% | 1,614,061 | $192.4M | Add +9.6% |
| AGG iShares Core U.S. Aggregate | 0.28% | 1,954,700 | $191.4M | Add +27.7% |
| HON Honeywell International Inc. | 0.27% | 917,131 | $188.2M | Reduce -16.7% |
| DSGX The Descartes Systems Grp | 0.27% | 2,042,927 | $186.9M | Add +6.7% |
| TECH Bio-Techne Corp. | 0.27% | 2,646,216 | $186.3M | Add +10.3% |
| TENB Tenable Holdings Inc. | 0.27% | 3,720,809 | $183.9M | Add +22.5% |
Options reported separately and not counted above: HYG puts ($266.3M), MPLX calls ($1.2M), MPLX puts ($1.2M).
Portfolio Sells Q4 2023 → Q1 2024
| SNPS Synopsys Inc. | Reduce -92.7% | 0.05% | −0.58 |
| ON On Semiconductor | Reduce -99.0% | 0.00% | −0.47 |
| TD Toronto-Dominion Bank | Reduce -7.4% | 2.25% | −0.46 |
| TU Telus Corp. | Reduce -12.1% | 1.16% | −0.37 |
| BMO Bank of Montreal | Reduce -9.3% | 1.86% | −0.31 |
| RY Royal Bank of Canada | Reduce -3.2% | 3.79% | −0.31 |
| AYX Alteryx Inc. Class A | Sold out | 0.00% | −0.21 |
| SPGI S&P Global Inc. | Reduce -10.9% | 0.82% | −0.17 |
| CAE Cae Inc. | Reduce -7.3% | 0.92% | −0.16 |
| PEP Pepsico Inc. | Reduce -19.3% | 0.60% | −0.15 |
| FTDR Frontdoor Inc. | Reduce -66.2% | 0.05% | −0.13 |
| FSV Firstservice Corp. | Reduce -20.2% | 0.46% | −0.13 |
| KEYS Keysight Technologies Inc. | Reduce -13.8% | 0.53% | −0.12 |
| MCD McDonald's Corp. | Reduce -10.1% | 0.53% | −0.12 |
| MO Altria Group Inc. | Reduce -49.1% | 0.12% | −0.11 |
| FTS Fortis Inc. | Reduce -14.5% | 0.40% | −0.11 |
| TRI Thomson Reuters Corp. | Reduce -12.3% | 0.91% | −0.11 |
| B Barrick Gold Corp. | Reduce -9.3% | 0.41% | −0.10 |
| OTEX Open Text Corp. | Reduce -10.3% | 0.38% | −0.10 |
| ENB Enbridge Inc. | Reduce -4.1% | 1.10% | −0.09 |
| CNI Canadian Natl Railway Co. | Reduce -5.2% | 1.80% | −0.09 |
| NKE Nike Inc. Class B | Reduce -10.7% | 0.22% | −0.08 |
| HON Honeywell International Inc. | Reduce -16.7% | 0.27% | −0.08 |
| TRP TC Energy Corp. | Reduce -6.5% | 0.90% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -3.7% | 0.48% | −0.07 |
| NEM Newmont Corp. | Reduce -86.7% | 0.01% | −0.07 |
| TECK Teck Resources Ltd.-CLS B | Reduce -19.9% | 0.35% | −0.07 |
| FTV Fortive Corp. | Reduce -95.5% | 0.00% | −0.07 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -71.3% | 0.03% | −0.07 |
| ABT Abbott Laboratories | Reduce -24.4% | 0.18% | −0.06 |
| WPM Wheaton Precious Metals Corp. | Reduce -16.4% | 0.19% | −0.06 |
| DHR Danaher Corp. | Reduce -13.4% | 0.49% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -31.9% | 0.09% | −0.05 |
| CME Cme Group Inc. | Reduce -10.5% | 0.35% | −0.05 |
| BAC Bank of America Corp. | Reduce -28.9% | 0.16% | −0.05 |
| DLB Dolby Laboratories Inc. Class A | Reduce -23.4% | 0.12% | −0.05 |
| ALLE Allegion PLC | Reduce -64.3% | 0.03% | −0.05 |
| BN Brookfield Corp. | Reduce -4.0% | 1.12% | −0.05 |
| BCE Bce Inc. | Reduce -11.4% | 0.12% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -15.4% | 0.25% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -2.8% | 0.47% | −0.04 |
| PM Philip Morris International | Reduce -3.3% | 0.36% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -1.3% | 0.93% | −0.04 |
| STN Stantec Inc. | Reduce -2.4% | 1.14% | −0.04 |
| SSRM SSR Mining Inc. | Reduce -72.3% | 0.00% | −0.04 |
| TSLA Tesla Inc. | Reduce -2.4% | 0.07% | −0.04 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -46.8% | 0.05% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -22.6% | 0.10% | −0.04 |
| BIP Brookfield Infrastructure Pa | Reduce -5.7% | 0.30% | −0.04 |
| VST Vistra Corp. | Reduce -86.2% | 0.01% | −0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| CDNS Cadence Design SYS Inc. | Add +1136.0% | 0.52% | +0.48 |
| V Visa Inc. Class A | Add +29.6% | 1.35% | +0.34 |
| BAM Brookfield Asset Mgmt-A | Add +78.5% | 0.69% | +0.30 |
| AMZN Amazon.com Inc. | Add +8.7% | 1.16% | +0.22 |
| META Meta Platforms Inc. Class A | Add +7.8% | 0.68% | +0.20 |
| CNQ Canadian Natural Resources | Add +0.4% | 1.74% | +0.19 |
| AON Aon PLC Class A | Add +5.5% | 1.19% | +0.16 |
| ROP Roper Technologies Inc. | Add +21.0% | 0.88% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +6.5% | 1.46% | +0.14 |
| NFLX Netflix Inc. | Add +267.9% | 0.17% | +0.13 |
| IT Gartner Inc. | Add +28.5% | 0.56% | +0.13 |
| ABBV Abbvie Inc. | Add +14.3% | 0.55% | +0.12 |
| HD Home Depot Inc. | Add +95.6% | 0.23% | +0.12 |
| CRH CRH PLC | Add +25.1% | 0.35% | +0.12 |
| CPRT Copart Inc. | Add +18.9% | 0.38% | +0.10 |
| PG The Procter & Gamble Co. | Add +21.3% | 0.44% | +0.10 |
| DUK Duke Energy Corp. | Add +136.8% | 0.17% | +0.10 |
| FERG Ferguson Jersey Ltd. | Add +88.6% | 0.18% | +0.09 |
| BNS Bank of Nova Scotia | Add +7.3% | 1.08% | +0.09 |
| MRK Merck & Co. Inc. | Add +9.7% | 0.42% | +0.09 |
| SU Suncor Energy Inc. | Add +1.1% | 0.83% | +0.09 |
| CGNX Cognex Corp. | New | 0.08% | +0.08 |
| QSR Restaurant Brands Intern | Add +18.6% | 0.58% | +0.08 |
| TT Trane Technologies PLC | Add +0.9% | 0.47% | +0.08 |
| GE General Electric | Add +58.5% | 0.14% | +0.07 |
| PGR Progressive Corp. | Add +1.1% | 0.34% | +0.07 |
| TLT iShares 20+ Year Treasury BD | Add +30.9% | 0.40% | +0.07 |
| CL Colgate-Palmolive Co. | Add +4.8% | 0.53% | +0.06 |
| HQY Healthequity Inc. | Add +12.8% | 0.24% | +0.06 |
| C Citigroup Inc. | Add +47.9% | 0.13% | +0.06 |
| TENB Tenable Holdings Inc. | Add +22.5% | 0.27% | +0.06 |
| PSN Parsons Corp. | Add +1.6% | 0.21% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +27.7% | 0.28% | +0.05 |
| TJX TJX Companies Inc. | Add +13.9% | 0.30% | +0.05 |
| DIS The Walt Disney Co. | Add +86.6% | 0.07% | +0.04 |
| APH Amphenol Corp. Class A | Add +4.0% | 0.30% | +0.04 |
| INVH Invitation Homes Inc. | Add +519.8% | 0.05% | +0.04 |
| CRL Charles River Laboratories | Add +1.5% | 0.37% | +0.04 |
| CM Can Imperial BK of Commerce | Add +10.5% | 0.36% | +0.04 |
| QCOM Qualcomm Inc. | Add +22.5% | 0.13% | +0.04 |
| MTZ Mastec Inc. | New | 0.04% | +0.04 |
| TGT Target Corp. | Add +54.7% | 0.08% | +0.04 |
| KO The Coca-Cola Co. | Add +12.7% | 0.32% | +0.03 |
| FNV Franco-Nevada Corp. | Add +9.6% | 0.28% | +0.03 |
| WMB Williams Cos Inc. | Add +0.6% | 0.40% | +0.03 |
| MA Mastercard Inc. Class A | Add +9.1% | 0.19% | +0.03 |
| AER Aercap Holdings NV | Add +919.4% | 0.03% | +0.03 |
| CRUS Cirrus Logic Inc. | Add +2.1% | 0.34% | +0.03 |
| CMA Comerica Inc. | Add +4530.9% | 0.03% | +0.03 |
| DSGX The Descartes Systems Grp | Add +6.7% | 0.27% | +0.03 |
Options Activity Q4 2023 → Q1 2024
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 3,426,500 | $266.3M |
| MPLX MPLX LP | call | New | 30,000 | $1.2M |
| MPLX MPLX LP | put | New | 30,000 | $1.2M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,534 | $100.0B | RY, TD, NVDA, SPY, AAPL |
| Q1 2026 | 1,406 | $83.3B | RY, NVDA, AAPL, TD, SPY |
| Q4 2025 | 1,650 | $84.4B | RY, MSFT, AAPL, NVDA, TD |
| Q3 2025 | 1,682 | $82.6B | RY, MSFT, NVDA, AAPL, SPY |
| Q2 2025 | 1,686 | $77.2B | RY, MSFT, TD, SPY, AAPL |
| Q1 2025 | 1,659 | $70.3B | RY, MSFT, AAPL, SPY, TD |
| Q4 2024Amended | 1,688 | $73.4B | RY, MSFT, AAPL, SPY, TD |
| Q3 2024 | 1,573 | $71.9B | RY, MSFT, SPY, AAPL, TD |
| Q2 2024 | 1,533 | $67.3B | RY, MSFT, SPY, TD, AAPL |
| Q1 2024 | 1,518 | $69.1B | RY, MSFT, SPY, TD, BMO |