MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd reported 68 stock positions worth $1.0 billion. Its top holding was Royal Bank of Canada (RY) at 9.2% of the portfolio, followed by Toronto-Dominion Bank (TD, 8.9%) and TC Energy (TRP, 5.6%). Compared with Q1 2026, it opened 2 new positions, sold out of 4, added to 23 and reduced 35. The biggest buy was Cgi (GIB, shares +20%) and the biggest sale an exit from Pembina Pipeline (PBA).
- Most Recent 13F
- Q2 2026
- Location
- MISSISSAUGA, A6
- CIK
- 0001058231
- Portfolio Value
- $1.0B (Q2 2026)
- SEC Filing
- 0001140361-26-029580 ↗ filed Jul 24, 2026
Holdings Value
Holdings 68 stocks · $1.0B
| RY Royal Bank of Canada | 9.21% | 319,503 | $93.8M | Reduce -21.6% |
| TD Toronto-Dominion Bank | 8.92% | 526,877 | $90.9M | Reduce -23.7% |
| TRP TC Energy Corp. | 5.59% | 605,977 | $56.9M | Reduce -21.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 5.55% | 458,826 | $56.6M | Reduce -20.5% |
| CNI Canadian Natl Railway Co. | 5.38% | 324,110 | $54.9M | Reduce -19.8% |
| BCE Bce Inc. | 4.34% | 1,445,763 | $44.2M | Reduce -21.6% |
| GIB Cgi Inc. | 3.76% | 417,469 | $38.3M | Add +20.3% |
| QSR Restaurant Brands Intern | 3.61% | 357,508 | $36.8M | Reduce -21.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 3.53% | 220,139 | $36.0M | Reduce -25.0% |
| BIP Brookfield Infrastructure Pa | 3.37% | 662,686 | $34.3M | Add +4.0% |
| CNQ Canadian Natural Resources | 3.07% | 557,895 | $31.3M | Reduce -20.0% |
| SU Suncor Energy Inc. | 3.06% | 408,759 | $31.2M | Reduce -20.3% |
| TU Telus Corp. | 2.87% | 1,951,523 | $29.3M | Reduce -7.2% |
| NTR Nutrien Ltd. | 2.81% | 320,313 | $28.6M | Reduce -26.4% |
| MFC Manulife Financial Corp. | 2.71% | 479,103 | $27.6M | Reduce -30.4% |
| BN Brookfield Corp. | 2.61% | 439,774 | $26.6M | Reduce -36.0% |
| MGA Magna International Inc. | 2.44% | 266,320 | $24.8M | Reduce -32.2% |
| BEP Brookfield Renewable Partner | 2.04% | 422,025 | $20.8M | Reduce -26.3% |
| FSV Firstservice Corp. | 1.33% | 66,993 | $13.5M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 1.17% | 33,228 | $11.9M | Add +0.0% |
| UNH Unitedhealth Group Inc. | 0.92% | 22,589 | $9.4M | Add +0.1% |
| J Jacobs Solutions Inc. | 0.89% | 72,023 | $9.1M | Add +35.5% |
| V Visa Inc. Class A | 0.86% | 25,560 | $8.8M | Add +10.1% |
| TMO Thermo Fisher Scientific Inc. | 0.83% | 16,787 | $8.4M | Add +16.4% |
| USB US Bancorp | 0.82% | 139,095 | $8.4M | Add +0.3% |
| MSFT Microsoft Corp. | 0.81% | 22,093 | $8.2M | Add +0.4% |
| CSCO Cisco Systems Inc. | 0.80% | 69,320 | $8.1M | Reduce -52.0% |
| AMT American Tower Corp. | 0.76% | 47,493 | $7.8M | Add +14.4% |
| DEO Diageo PLC-Sponsored ADR | 0.76% | 95,951 | $7.7M | Reduce -16.5% |
| BAC Bank of America Corp. | 0.75% | 133,646 | $7.6M | Add +0.6% |
| CIGI Colliers Intl GR-Subord Vot | 0.72% | 54,765 | $7.3M | Add +4.1% |
| PFE Pfizer Inc. | 0.71% | 302,092 | $7.3M | Reduce -24.7% |
| ING ING Groep N.V.-Sponsored ADR | 0.65% | 209,457 | $6.6M | Reduce -4.1% |
| JPM JPMorgan Chase & Co. | 0.60% | 18,711 | $6.1M | Add +1.4% |
| RMR RMR Group Inc./the - A | 0.58% | 290,000 | $6.0M | No change |
| MS Morgan Stanley | 0.57% | 27,805 | $5.8M | Reduce -1.7% |
| HD Home Depot Inc. | 0.55% | 15,878 | $5.6M | Add +20.1% |
| BGSI Boyd Group Services Inc. | 0.54% | 41,310 | $5.5M | Add +41.9% |
| C Citigroup Inc. | 0.50% | 36,613 | $5.1M | Reduce -13.4% |
| EOG EOG Resources Inc. | 0.50% | 39,024 | $5.1M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.49% | 5,345 | $5.0M | Add +0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.49% | 51,540 | $5.0M | Add +45.6% |
| WMT Walmart Inc. | 0.48% | 43,169 | $4.9M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.45% | 108,554 | $4.6M | Reduce -41.6% |
| FRT Federal Realty Invs Trust | 0.45% | 36,888 | $4.6M | No change |
| GIL Gildan Activewear Inc. | 0.42% | 59,218 | $4.3M | Add +15.5% |
| EQIX Equinix Inc. | 0.41% | 3,971 | $4.1M | No change |
| TRNO Terreno Realty Corp. | 0.40% | 63,499 | $4.1M | No change |
| WELL Welltower Inc. | 0.40% | 17,970 | $4.1M | No change |
| TSCO Tractor Supply Company | 0.40% | 128,430 | $4.1M | Add +128.3% |
| SHEL Shell PLC-ADR | 0.39% | 50,952 | $4.0M | Add +54.2% |
| GNTX Gentex Corp. | 0.35% | 139,650 | $3.5M | Reduce -0.1% |
| RCI Rogers Communications Inc. Class B | 0.34% | 74,117 | $3.4M | Reduce -3.2% |
| DSGX The Descartes Systems Grp | 0.33% | 34,114 | $3.4M | New |
| SANOFI SA | 0.32% | 77,164 | $3.3M | Reduce -1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 21,189 | $3.2M | Reduce -1.6% |
| GSK GSK PLC-Spon ADR | 0.30% | 57,400 | $3.0M | Reduce -1.7% |
| AHR American Healthcare REIT Inc. | 0.28% | 54,797 | $2.9M | Add +56.4% |
| BAM Brookfield Asset Mgmt-A | 0.27% | 43,179 | $2.7M | Reduce -38.4% |
| SAP Sap SE-Sponsored ADR | 0.23% | 15,362 | $2.4M | Reduce -48.5% |
| JNJ Johnson & Johnson | 0.23% | 9,263 | $2.4M | Reduce -1.3% |
| AVB Avalonbay Communities Inc. | 0.22% | 11,699 | $2.2M | No change |
| EXR Extra Space Storage Inc. | 0.18% | 12,429 | $1.8M | No change |
| MAA Mid-America Apartment Comm | 0.15% | 10,722 | $1.5M | New |
| SPG Simon Property Group Inc. | 0.14% | 6,537 | $1.5M | Reduce -33.4% |
| BXP BXP Inc. | 0.08% | 11,822 | $784K | Reduce -2.3% |
| GLW Corning Inc. | 0.01% | 599 | $153K | Reduce -98.3% |
| BEPC Brookfield Renewable Corp. | 0.01% | 1,257 | $66K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −4.84 |
| NTR Nutrien Ltd. | Reduce -26.4% | 2.81% | −0.74 |
| BCE Bce Inc. | Reduce -21.6% | 4.34% | −0.70 |
| GRTUF Granite Real Estate Investme | Sold out | 0.00% | −0.67 |
| SU Suncor Energy Inc. | Reduce -20.3% | 3.06% | −0.61 |
| CNQ Canadian Natural Resources | Reduce -20.0% | 3.07% | −0.60 |
| VZ Verizon Communications Inc. | Reduce -41.6% | 0.45% | −0.54 |
| PFE Pfizer Inc. | Reduce -24.7% | 0.71% | −0.49 |
| GLW Corning Inc. | Reduce -98.3% | 0.01% | −0.48 |
| BN Brookfield Corp. | Reduce -36.0% | 2.61% | −0.40 |
| CSCO Cisco Systems Inc. | Reduce -52.0% | 0.80% | −0.39 |
| SAP Sap SE-Sponsored ADR | Reduce -48.5% | 0.23% | −0.31 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.29 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.17 |
| DEO Diageo PLC-Sponsored ADR | Reduce -16.5% | 0.76% | −0.15 |
| WMT Walmart Inc. | Reduce -1.6% | 0.48% | −0.10 |
| SANOFI SA | Reduce -1.7% | 0.32% | −0.08 |
| BAM Brookfield Asset Mgmt-A | Reduce -38.4% | 0.27% | −0.07 |
| SPG Simon Property Group Inc. | Reduce -33.4% | 0.14% | −0.05 |
| TJX TJX Companies Inc. | Reduce -1.6% | 0.32% | −0.05 |
| TU Telus Corp. | Reduce -7.2% | 2.87% | −0.05 |
| GSK GSK PLC-Spon ADR | Reduce -1.7% | 0.30% | −0.05 |
| QSR Restaurant Brands Intern | Reduce -21.1% | 3.61% | −0.02 |
| JNJ Johnson & Johnson | Reduce -1.3% | 0.23% | −0.01 |
| C Citigroup Inc. | Reduce -13.4% | 0.50% | −0.01 |
| BXP BXP Inc. | Reduce -2.3% | 0.08% | +0.01 |
| RCI Rogers Communications Inc. Class B | Reduce -3.2% | 0.34% | +0.02 |
| BEP Brookfield Renewable Partner | Reduce -26.3% | 2.04% | +0.02 |
| GNTX Gentex Corp. | Reduce -0.1% | 0.35% | +0.02 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -4.1% | 0.65% | +0.04 |
| MGA Magna International Inc. | Reduce -32.2% | 2.44% | +0.06 |
| MS Morgan Stanley | Reduce -1.7% | 0.57% | +0.07 |
| MFC Manulife Financial Corp. | Reduce -30.4% | 2.71% | +0.14 |
| TRP TC Energy Corp. | Reduce -21.1% | 5.59% | +0.39 |
| CM Can Imperial BK of Commerce | Reduce -25.0% | 3.53% | +0.52 |
| CNI Canadian Natl Railway Co. | Reduce -19.8% | 5.38% | +0.88 |
| BNS Bank of Nova Scotia | Reduce -20.5% | 5.55% | +1.22 |
| TD Toronto-Dominion Bank | Reduce -23.7% | 8.92% | +1.94 |
| RY Royal Bank of Canada | Reduce -21.6% | 9.21% | +2.09 |
Portfolio Buys Q1 2026 → Q2 2026
| GIB Cgi Inc. | Add +20.3% | 3.76% | +1.01 |
| BIP Brookfield Infrastructure Pa | Add +4.0% | 3.37% | +0.88 |
| FSV Firstservice Corp. | Add +3.6% | 1.33% | +0.35 |
| DSGX The Descartes Systems Grp | New | 0.33% | +0.33 |
| UNH Unitedhealth Group Inc. | Add +0.1% | 0.92% | +0.27 |
| J Jacobs Solutions Inc. | Add +35.5% | 0.89% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 1.17% | +0.15 |
| MAA Mid-America Apartment Comm | New | 0.15% | +0.15 |
| BGSI Boyd Group Services Inc. | Add +41.9% | 0.54% | +0.14 |
| TSCO Tractor Supply Company | Add +128.3% | 0.40% | +0.13 |
| DIS The Walt Disney Co. | Add +45.6% | 0.49% | +0.12 |
| GIL Gildan Activewear Inc. | Add +15.5% | 0.42% | +0.12 |
| V Visa Inc. Class A | Add +10.1% | 0.86% | +0.11 |
| CIGI Colliers Intl GR-Subord Vot | Add +4.1% | 0.72% | +0.11 |
| AHR American Healthcare REIT Inc. | Add +56.4% | 0.28% | +0.10 |
| HD Home Depot Inc. | Add +20.1% | 0.55% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Add +16.4% | 0.83% | +0.07 |
| SHEL Shell PLC-ADR | Add +54.2% | 0.39% | +0.06 |
| BAC Bank of America Corp. | Add +0.6% | 0.75% | +0.06 |
| USB US Bancorp | Add +0.3% | 0.82% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +1.4% | 0.60% | +0.02 |
| AMT American Tower Corp. | Add +14.4% | 0.76% | −0.00 |
| MSFT Microsoft Corp. | Add +0.4% | 0.81% | −0.06 |
| COST Costco Wholesale Corp. | Add +0.9% | 0.49% | −0.07 |
| EOG EOG Resources Inc. | Add +0.2% | 0.50% | −0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 68 | $1.0B | RY, TD, TRP, BNS, CNI |
| Q1 2026 | 70 | $938.9M | RY, TD, TRP, BCE, PBA |
| Q4 2025 | 71 | $1.2B | TD, RY, BNS, BCE, TRP |
| Q3 2025 | 69 | $898.3M | TD, RY, BCE, BNS, TRP |
| Q2 2025 | 77 | $905.4M | TD, RY, CNI, TRP, BNS |
| Q1 2025 | 72 | $787.1M | TD, RY, TRP, BCE, CNI |
| Q4 2024 | 73 | $826.1M | RY, TD, TRP, BN, BNS |
| Q3 2024 | 72 | $916.9M | RY, TD, TRP, CM, BCE |
| Q2 2024 | 72 | $823.4M | RY, TD, TRP, BCE, CM |
| Q1 2024 | 73 | $842.9M | TD, RY, TRP, BN, BNS |