Mackenzie Financial Corp.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Mackenzie Financial Corp. reported 1,573 stock positions worth $71.9 billion. Its top holding was Royal Bank of Canada (RY) at 4.3% of the portfolio, followed by Microsoft (MSFT, 3.1%) and SS SPDR S&P 500 ETF Trust-US (SPY, 2.5%). Compared with Q2 2024, it opened 178 new positions, sold out of 139, added to 658 and reduced 639. The biggest buy was Stryker (SYK, shares +242%) and the biggest sale Alphabet Class A (GOOGL, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO ONTARIO, A6
- CIK
- 0000919859
- Portfolio Value
- $71.9B (Q3 2024)
- SEC Filing
- 0001062993-24-018990 ↗ filed Nov 13, 2024
Holdings Value
Holdings 1,573 stocks · $71.9B
| RY Royal Bank of Canada | 4.27% | 24,610,587 | $3.1B | Reduce -2.2% |
| MSFT Microsoft Corp. | 3.10% | 5,169,251 | $2.2B | Reduce -3.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.48% | 3,101,957 | $1.8B | Add +1.4% |
| AAPL Apple Inc. | 2.46% | 7,594,088 | $1.8B | Add +12.1% |
| TD Toronto-Dominion Bank | 2.33% | 26,499,202 | $1.7B | Add +1.9% |
| CP Canadian Pacific Kansas City | 1.79% | 15,072,059 | $1.3B | Add +9.7% |
| CNI Canadian Natl Railway Co. | 1.46% | 8,938,839 | $1.0B | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 1.40% | 6,067,697 | $1.0B | Reduce -20.8% |
| CNQ Canadian Natural Resources | 1.39% | 30,115,910 | $1.0B | Add +0.3% |
| NVDA Nvidia Corp. | 1.35% | 8,010,167 | $972.8M | Add +10.7% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.33% | 10,584,666 | $955.1M | Reduce -7.3% |
| BN Brookfield Corp. | 1.29% | 17,402,913 | $924.3M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 1.28% | 4,926,236 | $917.9M | Reduce -2.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.16% | 15,256,935 | $831.3M | Add +1.1% |
| SLF Sun Life Financial Inc. | 1.07% | 13,281,505 | $770.4M | Reduce -9.7% |
| ENB Enbridge Inc. | 1.05% | 18,561,550 | $754.0M | Reduce -9.7% |
| SPGI S&P Global Inc. | 1.05% | 1,457,727 | $753.1M | Add +4.4% |
| WCN Waste Connections Inc. | 1.04% | 4,175,151 | $746.3M | Add +26.5% |
| MFC Manulife Financial Corp. | 1.00% | 24,384,311 | $720.6M | Reduce -4.4% |
| AEM Agnico Eagle Mines Ltd. | 0.97% | 8,691,576 | $700.1M | Reduce -2.8% |
| TRP TC Energy Corp. | 0.95% | 14,413,437 | $685.1M | Reduce -6.8% |
| STN Stantec Inc. | 0.94% | 8,384,028 | $674.2M | Reduce -5.4% |
| TU Telus Corp. | 0.94% | 40,164,512 | $673.8M | Reduce -4.3% |
| ROP Roper Technologies Inc. | 0.89% | 1,145,676 | $637.5M | Add +2.4% |
| ACN Accenture PLC Class A | 0.88% | 1,792,123 | $633.5M | Reduce -18.8% |
| BAM Brookfield Asset Mgmt-A | 0.87% | 13,166,835 | $622.5M | Reduce -2.6% |
| LIN Linde PLC | 0.86% | 1,291,935 | $616.1M | Add +0.9% |
| TRI Thomson Reuters Corp. | 0.85% | 3,567,497 | $608.5M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 0.83% | 2,829,143 | $596.6M | Reduce -1.4% |
| SHOP Shopify Inc. Class A | 0.83% | 7,405,850 | $593.3M | Add +17.3% |
| META Meta Platforms Inc. Class A | 0.79% | 997,853 | $571.2M | Add +2.7% |
| TMO Thermo Fisher Scientific Inc. | 0.79% | 922,056 | $570.4M | Add +67.4% |
| GIB Cgi Inc. | 0.78% | 4,895,906 | $563.3M | Reduce -5.2% |
| AON Aon PLC Class A | 0.78% | 1,613,421 | $558.2M | Reduce -15.9% |
| JNJ Johnson & Johnson | 0.76% | 3,349,395 | $542.8M | Reduce -2.7% |
| PBA Pembina Pipeline Corp. | 0.72% | 12,599,553 | $519.4M | Add +10.7% |
| SU Suncor Energy Inc. | 0.71% | 13,770,814 | $508.3M | Reduce -8.0% |
| V Visa Inc. Class A | 0.68% | 1,779,933 | $489.4M | Reduce -44.5% |
| CAE Cae Inc. | 0.66% | 25,376,276 | $476.4M | Reduce -8.4% |
| TT Trane Technologies PLC | 0.64% | 1,185,768 | $460.9M | Add +9.2% |
| ABBV Abbvie Inc. | 0.64% | 2,328,253 | $459.8M | Add +0.9% |
| MSI Motorola Solutions Inc. | 0.62% | 993,793 | $446.8M | Add +5.4% |
| AGG iShares Core U.S. Aggregate | 0.61% | 4,312,500 | $436.7M | Add +15.0% |
| ORCL Oracle Corp. | 0.60% | 2,549,305 | $434.4M | Reduce -6.3% |
| AVGO Broadcom Inc. | 0.60% | 2,512,220 | $433.4M | Reduce -20.5% |
| SYK Stryker Corp. | 0.60% | 1,197,543 | $432.6M | Add +241.6% |
| IT Gartner Inc. | 0.58% | 822,901 | $417.0M | Add +4.8% |
| MA Mastercard Inc. Class A | 0.57% | 831,494 | $410.6M | Add +205.2% |
| RCI Rogers Communications Inc. Class B | 0.56% | 9,922,426 | $399.0M | Reduce -6.1% |
| NTR Nutrien Ltd. | 0.55% | 8,253,523 | $396.6M | Reduce -38.4% |
| UNH Unitedhealth Group Inc. | 0.55% | 674,572 | $394.4M | Add +1.2% |
| ALC Alcon Inc. filed as ALCON AG | 0.55% | 3,915,076 | $391.8M | Add +143.4% |
| PM Philip Morris International | 0.53% | 3,154,063 | $382.9M | Add +9.3% |
| CL Colgate-Palmolive Co. | 0.53% | 3,685,529 | $382.6M | Reduce -9.6% |
| TLT iShares 20+ Year Treasury BD | 0.53% | 3,875,800 | $380.2M | Add +26.7% |
| BDX Becton Dickinson and Co. | 0.52% | 1,550,073 | $373.7M | Reduce -33.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 782,118 | $360.0M | Add +0.8% |
| WMT Walmart Inc. | 0.49% | 4,384,601 | $354.1M | Reduce -4.5% |
| XOM Exxon Mobil Corp. | 0.49% | 2,979,706 | $349.3M | Add +1.2% |
| CDNS Cadence Design SYS Inc. | 0.48% | 1,273,051 | $345.0M | Add +14.9% |
| QSR Restaurant Brands Intern | 0.47% | 4,645,123 | $335.2M | Reduce -16.2% |
| WMB Williams Cos Inc. | 0.45% | 7,076,009 | $323.0M | Add +2.2% |
| UNP Union Pacific Corp. | 0.45% | 1,305,261 | $321.7M | Add +0.4% |
| DHR Danaher Corp. | 0.44% | 1,131,809 | $314.7M | Reduce -11.2% |
| B Barrick Gold Corp. | 0.42% | 15,040,084 | $299.1M | Add +3.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.41% | 4,845,275 | $297.2M | Reduce -5.5% |
| DUK Duke Energy Corp. | 0.41% | 2,545,148 | $293.5M | Add +24.0% |
| PG The Procter & Gamble Co. | 0.41% | 1,691,824 | $293.0M | Add +0.4% |
| KO The Coca-Cola Co. | 0.40% | 4,044,584 | $290.6M | Add +5.0% |
| TECK Teck Resources Ltd.-CLS B | 0.40% | 5,478,448 | $286.1M | Reduce -6.4% |
| BIP Brookfield Infrastructure Pa | 0.40% | 8,133,617 | $285.5M | Add +29.0% |
| FTS Fortis Inc. | 0.39% | 6,167,681 | $280.2M | Reduce -2.5% |
| KEYS Keysight Technologies Inc. | 0.38% | 1,728,136 | $274.7M | Reduce -4.9% |
| CME Cme Group Inc. | 0.38% | 1,227,940 | $270.9M | Add +24.9% |
| EXLS Exlservice Holdings Inc. | 0.37% | 7,030,233 | $268.2M | Reduce -7.7% |
| MRK Merck & Co. Inc. | 0.36% | 2,288,977 | $259.9M | Reduce -2.1% |
| MMS Maximus Inc. | 0.35% | 2,726,567 | $254.0M | Add +0.6% |
| HD Home Depot Inc. | 0.34% | 611,009 | $247.6M | Add +1.6% |
| CRH CRH PLC | 0.34% | 2,638,989 | $244.7M | Reduce -3.4% |
| MCD McDonald's Corp. | 0.34% | 795,235 | $242.2M | Reduce -18.8% |
| LLY Eli Lilly & Co. | 0.33% | 268,904 | $238.2M | Reduce -3.7% |
| AKAM Akamai Technologies Inc. | 0.33% | 2,345,836 | $236.8M | Add +5.0% |
| TECH Bio-Techne Corp. | 0.32% | 2,854,665 | $228.2M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.31% | 1,323,994 | $225.1M | Reduce -39.0% |
| DSGX The Descartes Systems Grp | 0.31% | 2,147,297 | $221.0M | Add +0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 1,826,636 | $214.7M | Add +1.0% |
| CSGP Costar Group Inc. | 0.29% | 2,807,019 | $211.8M | Add +19.0% |
| PGR Progressive Corp. | 0.29% | 816,172 | $207.1M | Reduce -18.5% |
| CVE Cenovus Energy Inc. | 0.29% | 12,328,661 | $206.2M | Add +10.2% |
| CRUS Cirrus Logic Inc. | 0.28% | 1,638,703 | $203.5M | Reduce -10.0% |
| FSV Firstservice Corp. | 0.28% | 1,113,219 | $203.4M | Reduce -7.9% |
| ADP Automatic Data Processing | 0.28% | 715,891 | $198.1M | Add +11.1% |
| OTEX Open Text Corp. | 0.27% | 5,926,538 | $197.3M | Reduce -12.6% |
| MCK McKesson Corp. | 0.27% | 398,815 | $197.2M | Reduce -3.0% |
| HQY Healthequity Inc. | 0.27% | 2,357,536 | $193.0M | Reduce -0.3% |
| CRL Charles River Laboratories | 0.27% | 971,268 | $191.3M | Add +4.5% |
| AMT American Tower Corp. | 0.26% | 817,093 | $190.0M | Add +24.7% |
| FNV Franco-Nevada Corp. | 0.26% | 1,524,536 | $189.3M | Reduce -7.0% |
| LRCX Lam Research Corp. | 0.26% | 227,339 | $185.5M | Reduce -21.3% |
| ABT Abbott Laboratories | 0.26% | 1,609,441 | $183.5M | Add +21.0% |
Options reported separately and not counted above: MPLX calls ($99K).
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Reduce -20.8% | 1.40% | −0.67 |
| V Visa Inc. Class A | Reduce -44.5% | 0.68% | −0.57 |
| NTR Nutrien Ltd. | Reduce -38.4% | 0.55% | −0.46 |
| MSFT Microsoft Corp. | Reduce -3.4% | 3.10% | −0.46 |
| BDX Becton Dickinson and Co. | Reduce -33.6% | 0.52% | −0.29 |
| PEP Pepsico Inc. | Reduce -39.0% | 0.31% | −0.22 |
| LRCX Lam Research Corp. | Reduce -21.3% | 0.26% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 1.28% | −0.17 |
| CNI Canadian Natl Railway Co. | Reduce -3.2% | 1.46% | −0.17 |
| STN Stantec Inc. | Reduce -5.4% | 0.94% | −0.16 |
| AVGO Broadcom Inc. | Reduce -20.5% | 0.60% | −0.15 |
| MKL Markel Group Inc. | Reduce -60.3% | 0.08% | −0.14 |
| SU Suncor Energy Inc. | Reduce -8.0% | 0.71% | −0.14 |
| QSR Restaurant Brands Intern | Reduce -16.2% | 0.47% | −0.11 |
| ACN Accenture PLC Class A | Reduce -18.8% | 0.88% | −0.11 |
| GLD SPDR Gold Shares | Reduce -75.7% | 0.04% | −0.11 |
| CAE Cae Inc. | Reduce -8.4% | 0.66% | −0.10 |
| BMO Bank of Montreal | Reduce -7.3% | 1.33% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -27.6% | 0.22% | −0.09 |
| MCK McKesson Corp. | Reduce -3.0% | 0.27% | −0.08 |
| IRTC Irhythm Holdings Inc. | Reduce -0.6% | 0.15% | −0.08 |
| APH Amphenol Corp. Class A | Reduce -16.6% | 0.24% | −0.08 |
| FCX Freeport-McMoran Inc. | Reduce -59.1% | 0.05% | −0.08 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -41.2% | 0.06% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -2.1% | 0.36% | −0.07 |
| PSN Parsons Corp. | Reduce -42.1% | 0.15% | −0.07 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −0.07 |
| CRUS Cirrus Logic Inc. | Reduce -10.0% | 0.28% | −0.06 |
| AON Aon PLC Class A | Reduce -15.9% | 0.78% | −0.06 |
| CL Colgate-Palmolive Co. | Reduce -9.6% | 0.53% | −0.06 |
| CVLT Commvault Systems Inc. | Reduce -38.4% | 0.15% | −0.05 |
| INTU Intuit Inc. | Reduce -6.5% | 0.25% | −0.05 |
| CLS Celestica Inc. | Reduce -44.1% | 0.04% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -3.7% | 0.33% | −0.04 |
| BFAM Bright Horizons Family Solut | Reduce -66.8% | 0.03% | −0.04 |
| COP Conocophillips | Reduce -7.2% | 0.17% | −0.04 |
| GO Grocery Outlet Holding Corp. | Reduce -0.6% | 0.12% | −0.04 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -71.0% | 0.02% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -31.5% | 0.05% | −0.04 |
| ENB Enbridge Inc. | Reduce -9.7% | 1.05% | −0.04 |
| TENB Tenable Holdings Inc. | Reduce -0.3% | 0.24% | −0.04 |
| DHR Danaher Corp. | Reduce -11.2% | 0.44% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -2.6% | 0.12% | −0.03 |
| HQY Healthequity Inc. | Reduce -0.3% | 0.27% | −0.03 |
| MCD McDonald's Corp. | Reduce -18.8% | 0.34% | −0.03 |
| FCNCA First Citizens Bcshs Class A | Reduce -95.2% | 0.00% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 0.83% | −0.03 |
| TMDX Transmedics Group Inc. | Reduce -21.1% | 0.10% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 0.16% | −0.03 |
| WBD Warner Bros Discovery Inc. | Reduce -87.9% | 0.00% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| SYK Stryker Corp. | Add +241.6% | 0.60% | +0.42 |
| MA Mastercard Inc. Class A | Add +205.2% | 0.57% | +0.39 |
| AAPL Apple Inc. | Add +12.1% | 2.46% | +0.34 |
| TMO Thermo Fisher Scientific Inc. | Add +67.4% | 0.79% | +0.34 |
| ALC Alcon Inc. | Add +143.4% | 0.55% | +0.33 |
| TD Toronto-Dominion Bank | Add +1.9% | 2.33% | +0.21 |
| SHOP Shopify Inc. Class A | Add +17.3% | 0.83% | +0.21 |
| CP Canadian Pacific Kansas City | Add +9.7% | 1.79% | +0.19 |
| WCN Waste Connections Inc. | Add +26.5% | 1.04% | +0.18 |
| BIP Brookfield Infrastructure Pa | Add +29.0% | 0.40% | +0.14 |
| EXAS Exact Sciences Corp. | Add +12084.2% | 0.13% | +0.13 |
| BNS Bank of Nova Scotia | Add +1.1% | 1.16% | +0.13 |
| SPGI S&P Global Inc. | Add +4.4% | 1.05% | +0.12 |
| TLT iShares 20+ Year Treasury BD | Add +26.7% | 0.53% | +0.11 |
| TT Trane Technologies PLC | Add +9.2% | 0.64% | +0.11 |
| DUK Duke Energy Corp. | Add +24.0% | 0.41% | +0.10 |
| PM Philip Morris International | Add +9.3% | 0.53% | +0.10 |
| PBA Pembina Pipeline Corp. | Add +10.7% | 0.72% | +0.10 |
| SW Smurfit Westrock PLC | New | 0.09% | +0.09 |
| CME Cme Group Inc. | Add +24.9% | 0.38% | +0.09 |
| ES Eversource Energy | Add +3107.0% | 0.09% | +0.09 |
| MSI Motorola Solutions Inc. | Add +5.4% | 0.62% | +0.08 |
| AMT American Tower Corp. | Add +24.7% | 0.26% | +0.08 |
| META Meta Platforms Inc. Class A | Add +2.7% | 0.79% | +0.07 |
| AGG iShares Core U.S. Aggregate | Add +15.0% | 0.61% | +0.07 |
| GIL Gildan Activewear Inc. | Add +21.1% | 0.20% | +0.06 |
| IT Gartner Inc. | Add +4.8% | 0.58% | +0.06 |
| SO The Southern Co. | Add +133.8% | 0.09% | +0.06 |
| B Barrick Gold Corp. | Add +3.3% | 0.42% | +0.06 |
| ABBV Abbvie Inc. | Add +0.9% | 0.64% | +0.05 |
| ABT Abbott Laboratories | Add +21.0% | 0.26% | +0.05 |
| NOC Northrop Grumman Corp. | Add +25.6% | 0.17% | +0.05 |
| OR Osisko Gold Royalties Ltd. | Add +86.7% | 0.10% | +0.05 |
| NARI Inari Medical Inc. | New | 0.05% | +0.05 |
| NOW ServiceNow Inc. | Add +33.4% | 0.17% | +0.05 |
| BX Blackstone Inc. | Add +6.9% | 0.25% | +0.05 |
| ADP Automatic Data Processing | Add +11.1% | 0.28% | +0.05 |
| T AT&T Inc. | Add +49.8% | 0.12% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +1.2% | 0.55% | +0.04 |
| MRSH Marsh & McLennan Cos | Add +34.1% | 0.18% | +0.04 |
| JKHY Jack Henry & Associates Inc. | Add +34.8% | 0.17% | +0.04 |
| FROG Jfrog Ltd. | Add +17535.7% | 0.04% | +0.04 |
| DHI D.R. Horton Inc. | Add +92.0% | 0.07% | +0.04 |
| DOO BRP Inc./Ca- Sub Voting | Add +139.6% | 0.08% | +0.04 |
| KO The Coca-Cola Co. | Add +5.0% | 0.40% | +0.04 |
| HD Home Depot Inc. | Add +1.6% | 0.34% | +0.04 |
| ELF Elf Beauty Inc. | Add +5829.2% | 0.04% | +0.04 |
| CSGP Costar Group Inc. | Add +19.0% | 0.29% | +0.03 |
| BAC Bank of America Corp. | Add +28.4% | 0.20% | +0.03 |
| UBER Uber Technologies Inc. | Add +141.8% | 0.06% | +0.03 |
Options Activity Q2 2024 → Q3 2024
| MPLX MPLX LP | call | New | 30,000 | $99K |
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 |