MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd reported 73 stock positions worth $842.9 million. Its top holding was Toronto-Dominion Bank (TD) at 7.7% of the portfolio, followed by Royal Bank of Canada (RY, 7.5%) and TC Energy (TRP, 6.0%). Compared with Q4 2023, it sold out of 2, added to 15 and reduced 53. The biggest buy was Brookfield Renewable Partner (BEP, shares +18979%) and the biggest sale an exit from Tricon Residential (TCN).
- Most Recent 13F
- Q2 2026
- Location
- MISSISSAUGA, A6
- CIK
- 0001058231
- Portfolio Value
- $842.9M (Q1 2024)
- SEC Filing
- 0001135428-24-000013 ↗ filed May 7, 2024
Holdings Value
Holdings 73 stocks · $842.9M
| TD Toronto-Dominion Bank | 7.74% | 1,081,768 | $65.3M | Reduce -1.8% |
| RY Royal Bank of Canada | 7.54% | 630,173 | $63.5M | Reduce -3.0% |
| TRP TC Energy Corp. | 6.05% | 1,268,942 | $51.0M | Reduce -1.5% |
| BN Brookfield Corp. | 5.58% | 1,125,209 | $47.1M | Add +10.3% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 5.27% | 858,580 | $44.4M | Reduce -3.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 5.04% | 838,968 | $42.5M | Reduce -3.3% |
| BCE Bce Inc. | 4.74% | 1,177,108 | $40.0M | Add +6.3% |
| MFC Manulife Financial Corp. | 4.40% | 1,486,572 | $37.1M | Reduce -7.8% |
| CNI Canadian Natl Railway Co. | 4.33% | 277,345 | $36.5M | Reduce -2.8% |
| MGA Magna International Inc. | 3.73% | 577,028 | $31.4M | Reduce -2.0% |
| PBA Pembina Pipeline Corp. | 3.46% | 827,495 | $29.2M | Reduce -1.9% |
| TU Telus Corp. | 3.11% | 1,638,217 | $26.2M | Reduce -0.8% |
| SU Suncor Energy Inc. | 2.97% | 679,926 | $25.0M | Reduce -0.0% |
| QSR Restaurant Brands Intern | 2.60% | 275,906 | $21.9M | Reduce -1.1% |
| BEP Brookfield Renewable Partner | 1.89% | 684,381 | $15.9M | Add +18979.5% |
| CSCO Cisco Systems Inc. | 1.35% | 227,228 | $11.3M | Add +8.3% |
| VZ Verizon Communications Inc. | 1.34% | 268,672 | $11.3M | Reduce -0.8% |
| ORCL Oracle Corp. | 1.24% | 82,995 | $10.4M | Reduce -10.9% |
| PFE Pfizer Inc. | 1.17% | 355,230 | $9.9M | Reduce -0.7% |
| MSFT Microsoft Corp. | 0.91% | 18,522 | $7.7M | No change |
| GOOGL Alphabet Inc. Class A | 0.90% | 50,456 | $7.6M | Reduce -0.9% |
| DEO Diageo PLC-Sponsored ADR | 0.89% | 51,240 | $7.5M | No change |
| GRP.U Granite Real Estate Investme | 0.88% | 129,492 | $7.4M | Reduce -3.1% |
| RMR RMR Group Inc./the - A | 0.83% | 290,000 | $7.0M | No change |
| USB US Bancorp | 0.82% | 155,312 | $6.9M | Reduce -1.1% |
| CIGI Colliers Intl GR-Subord Vot | 0.82% | 56,582 | $6.9M | Add +59.4% |
| CNC Centene Corp. | 0.79% | 84,876 | $6.7M | Reduce -1.3% |
| FRT Federal Realty Invs Trust | 0.76% | 62,908 | $6.4M | Reduce -2.3% |
| DG Dollar General Corp. | 0.76% | 41,159 | $6.4M | Reduce -1.3% |
| FSV Firstservice Corp. | 0.74% | 37,733 | $6.2M | Reduce -4.8% |
| KR Kroger Co. | 0.74% | 109,039 | $6.2M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.70% | 156,092 | $5.9M | Reduce -1.3% |
| WBA Walgreens Boots Alliance Inc. | 0.68% | 265,171 | $5.8M | Reduce -0.6% |
| EXR Extra Space Storage Inc. | 0.64% | 36,507 | $5.4M | Add +17.4% |
| AMT American Tower Corp. | 0.64% | 20,097 | $5.4M | Reduce -6.8% |
| ING ING Groep N.V.-Sponsored ADR | 0.62% | 317,882 | $5.2M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 0.57% | 23,913 | $4.8M | Reduce -16.3% |
| HD Home Depot Inc. | 0.56% | 12,237 | $4.7M | Reduce -1.3% |
| CPT Camden Property Trust | 0.54% | 45,890 | $4.5M | Add +10.0% |
| CNQ Canadian Natural Resources | 0.53% | 58,953 | $4.5M | Reduce -1.4% |
| EOG EOG Resources Inc. | 0.53% | 34,744 | $4.4M | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.52% | 35,737 | $4.4M | Reduce -1.0% |
| UDR Udr Inc. | 0.50% | 112,894 | $4.2M | Reduce -4.1% |
| MS Morgan Stanley | 0.50% | 44,412 | $4.2M | Add +23.5% |
| GIB Cgi Inc. | 0.46% | 34,810 | $3.8M | Add +26.8% |
| COST Costco Wholesale Corp. | 0.45% | 5,139 | $3.8M | Reduce -1.0% |
| VET Vermilion Energy Inc. | 0.44% | 299,320 | $3.7M | Add +20.8% |
| WMT Walmart Inc. | 0.44% | 61,759 | $3.7M | Reduce -1.2% |
| GIL Gildan Activewear Inc. | 0.44% | 99,033 | $3.7M | Add +29.5% |
| GNTX Gentex Corp. | 0.43% | 99,650 | $3.6M | Reduce -22.7% |
| TSCO Tractor Supply Company | 0.38% | 12,236 | $3.2M | Reduce -0.4% |
| SANOFI SA | 0.38% | 65,760 | $3.2M | Reduce -0.7% |
| ORANY Orange-Spon ADR | 0.37% | 268,004 | $3.2M | Reduce -1.1% |
| GLW Corning Inc. | 0.37% | 95,180 | $3.1M | Reduce -1.2% |
| UNH Unitedhealth Group Inc. | 0.36% | 6,098 | $3.0M | Add +49.8% |
| EQIX Equinix Inc. | 0.35% | 3,586 | $3.0M | Add +70.8% |
| C Citigroup Inc. | 0.35% | 46,622 | $2.9M | Reduce -0.9% |
| GSK GSK PLC-Spon ADR | 0.33% | 65,252 | $2.8M | Reduce -1.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 25,327 | $2.6M | Reduce -0.7% |
| RCI Rogers Communications Inc. Class B | 0.30% | 62,616 | $2.6M | Reduce -2.2% |
| SPG Simon Property Group Inc. | 0.30% | 16,312 | $2.6M | Reduce -3.5% |
| AVB Avalonbay Communities Inc. | 0.30% | 13,465 | $2.5M | Reduce -3.7% |
| VOD Vodafone Group PLC-SP ADR | 0.30% | 280,064 | $2.5M | Reduce -1.4% |
| WELL Welltower Inc. | 0.28% | 25,579 | $2.4M | Reduce -6.5% |
| TTE Totalenergies SE -Spon ADR | 0.27% | 32,517 | $2.2M | Reduce -1.0% |
| COLD Americold Realty Trust Inc. | 0.26% | 89,191 | $2.2M | Add +39.4% |
| JNJ Johnson & Johnson | 0.26% | 13,697 | $2.2M | Reduce -1.3% |
| BEPC Brookfield Renewable Cor-A | 0.25% | 84,274 | $2.1M | Add +5102.1% |
| TRNO Terreno Realty Corp. | 0.22% | 28,480 | $1.9M | Reduce -30.8% |
| SAP Sap SE-Sponsored ADR | 0.21% | 9,273 | $1.8M | Reduce -2.9% |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 0.21% | 27,514 | $1.8M | Reduce -3.6% |
| CVE Cenovus Energy Inc. | 0.05% | 19,800 | $396K | No change |
| BAM Brookfield Asset Mgmt-A | 0.03% | 5,778 | $242K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| TCN Tricon Residential Inc. | Sold out | 0.00% | −1.10 |
| TD Toronto-Dominion Bank | Reduce -1.8% | 7.74% | −0.90 |
| MGA Magna International Inc. | Reduce -2.0% | 3.73% | −0.49 |
| TU Telus Corp. | Reduce -0.8% | 3.11% | −0.46 |
| RY Royal Bank of Canada | Reduce -3.0% | 7.54% | −0.43 |
| VTR Ventas Inc. | Sold out | 0.00% | −0.26 |
| WBA Walgreens Boots Alliance Inc. | Reduce -0.6% | 0.68% | −0.16 |
| TRNO Terreno Realty Corp. | Reduce -30.8% | 0.22% | −0.09 |
| GNTX Gentex Corp. | Reduce -22.7% | 0.43% | −0.08 |
| PFE Pfizer Inc. | Reduce -0.7% | 1.17% | −0.08 |
| RCI Rogers Communications Inc. Class B | Reduce -2.2% | 0.30% | −0.06 |
| TRP TC Energy Corp. | Reduce -1.5% | 6.05% | −0.06 |
| PBA Pembina Pipeline Corp. | Reduce -1.9% | 3.46% | −0.06 |
| GRP.U Granite Real Estate Investme | Reduce -3.1% | 0.88% | −0.06 |
| UDR Udr Inc. | Reduce -4.1% | 0.50% | −0.05 |
| QSR Restaurant Brands Intern | Reduce -1.1% | 2.60% | −0.05 |
| FRT Federal Realty Invs Trust | Reduce -2.3% | 0.76% | −0.04 |
| FSV Firstservice Corp. | Reduce -4.8% | 0.74% | −0.04 |
| BXP BXP Inc. | Reduce -3.6% | 0.21% | −0.03 |
| CM Can Imperial BK of Commerce | Reduce -3.3% | 5.04% | −0.03 |
| CNI Canadian Natl Railway Co. | Reduce -2.8% | 4.33% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -16.3% | 0.57% | −0.02 |
| AVB Avalonbay Communities Inc. | Reduce -3.7% | 0.30% | −0.02 |
| SANOFI SA | Reduce -0.7% | 0.38% | −0.02 |
| WELL Welltower Inc. | Reduce -6.5% | 0.28% | −0.02 |
| JNJ Johnson & Johnson | Reduce -1.3% | 0.26% | −0.01 |
| VOD Vodafone Group PLC-SP ADR | Reduce -1.4% | 0.30% | −0.00 |
| TTE Totalenergies SE -Spon ADR | Reduce -1.0% | 0.27% | −0.00 |
| ORANY Orange-Spon ADR | Reduce -1.1% | 0.37% | −0.00 |
| USB US Bancorp | Reduce -1.1% | 0.82% | −0.00 |
| EOG EOG Resources Inc. | Reduce -1.5% | 0.53% | +0.01 |
| BNS Bank of Nova Scotia | Reduce -3.6% | 5.27% | +0.01 |
| SPG Simon Property Group Inc. | Reduce -3.5% | 0.30% | +0.01 |
| TJX TJX Companies Inc. | Reduce -0.7% | 0.30% | +0.01 |
| CNC Centene Corp. | Reduce -1.3% | 0.79% | +0.02 |
| GLW Corning Inc. | Reduce -1.2% | 0.37% | +0.02 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 0.45% | +0.03 |
| GSK GSK PLC-Spon ADR | Reduce -1.1% | 0.33% | +0.04 |
| SAP Sap SE-Sponsored ADR | Reduce -2.9% | 0.21% | +0.04 |
| HD Home Depot Inc. | Reduce -1.3% | 0.56% | +0.04 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -1.1% | 0.62% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 0.90% | +0.04 |
| WMT Walmart Inc. | Reduce -1.2% | 0.44% | +0.04 |
| ORCL Oracle Corp. | Reduce -10.9% | 1.24% | +0.05 |
| C Citigroup Inc. | Reduce -0.9% | 0.35% | +0.06 |
| BAC Bank of America Corp. | Reduce -1.3% | 0.70% | +0.06 |
| CNQ Canadian Natural Resources | Reduce -1.4% | 0.53% | +0.06 |
| TSCO Tractor Supply Company | Reduce -0.4% | 0.38% | +0.06 |
| AMT American Tower Corp. | Reduce -6.8% | 0.64% | +0.07 |
| DG Dollar General Corp. | Reduce -1.3% | 0.76% | +0.07 |
Portfolio Buys Q4 2023 → Q1 2024
| BEP Brookfield Renewable Partner | Add +18979.5% | 1.89% | +1.88 |
| BN Brookfield Corp. | Add +10.3% | 5.58% | +0.62 |
| CIGI Colliers Intl GR-Subord Vot | Add +59.4% | 0.82% | +0.28 |
| BEPC Brookfield Renewable Cor-A | Add +5102.1% | 0.25% | +0.24 |
| EQIX Equinix Inc. | Add +70.8% | 0.35% | +0.15 |
| GIL Gildan Activewear Inc. | Add +29.5% | 0.44% | +0.13 |
| GIB Cgi Inc. | Add +26.8% | 0.46% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +49.8% | 0.36% | +0.10 |
| MS Morgan Stanley | Add +23.5% | 0.50% | +0.09 |
| VET Vermilion Energy Inc. | Add +20.8% | 0.44% | +0.08 |
| CSCO Cisco Systems Inc. | Add +8.3% | 1.35% | +0.06 |
| CPT Camden Property Trust | Add +10.0% | 0.54% | +0.03 |
| EXR Extra Space Storage Inc. | Add +17.4% | 0.64% | +0.03 |
| COLD Americold Realty Trust Inc. | Add +39.4% | 0.26% | +0.03 |
| BCE Bce Inc. | Add +6.3% | 4.74% | −0.54 |
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 |