MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd reported 72 stock positions worth $823.4 million. Its top holding was Royal Bank of Canada (RY) at 8.1% of the portfolio, followed by Toronto-Dominion Bank (TD, 7.3%) and TC Energy (TRP, 5.8%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 17 and reduced 44. The biggest buy was a new position in Brookfield Infrastructure Pa (BIP) and the biggest sale Brookfield (BN, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- MISSISSAUGA, A6
- CIK
- 0001058231
- Portfolio Value
- $823.4M (Q2 2024)
- SEC Filing
- 0001135428-24-000029 ↗ filed Jul 24, 2024
Holdings Value
Holdings 72 stocks · $823.4M
| RY Royal Bank of Canada | 8.10% | 626,165 | $66.7M | Reduce -0.6% |
| TD Toronto-Dominion Bank | 7.33% | 1,096,809 | $60.3M | Add +1.4% |
| TRP TC Energy Corp. | 5.79% | 1,256,542 | $47.7M | Reduce -1.0% |
| BCE Bce Inc. | 5.07% | 1,289,187 | $41.8M | Add +9.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 4.80% | 829,907 | $39.5M | Reduce -1.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 4.72% | 848,780 | $38.9M | Reduce -1.1% |
| BN Brookfield Corp. | 4.62% | 914,647 | $38.1M | Reduce -18.7% |
| MFC Manulife Financial Corp. | 4.50% | 1,390,531 | $37.1M | Reduce -6.5% |
| CNI Canadian Natl Railway Co. | 4.00% | 278,679 | $33.0M | Add +0.5% |
| PBA Pembina Pipeline Corp. | 3.68% | 817,061 | $30.3M | Reduce -1.3% |
| TU Telus Corp. | 3.68% | 1,998,159 | $30.3M | Add +22.0% |
| MGA Magna International Inc. | 3.33% | 654,264 | $27.4M | Add +13.4% |
| SU Suncor Energy Inc. | 3.03% | 653,503 | $24.9M | Reduce -3.9% |
| QSR Restaurant Brands Intern | 2.33% | 271,566 | $19.1M | Reduce -1.6% |
| BIP Brookfield Infrastructure Pa | 2.13% | 638,930 | $17.6M | New |
| BEP Brookfield Renewable Partner | 2.05% | 681,599 | $16.9M | Reduce -0.4% |
| ORCL Oracle Corp. | 1.41% | 82,446 | $11.6M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 1.33% | 265,806 | $11.0M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 1.30% | 225,902 | $10.7M | Reduce -0.6% |
| PFE Pfizer Inc. | 1.20% | 351,854 | $9.8M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 1.10% | 49,735 | $9.1M | Reduce -1.4% |
| MSFT Microsoft Corp. | 0.97% | 17,872 | $8.0M | Reduce -3.5% |
| RMR RMR Group Inc./the - A | 0.80% | 290,000 | $6.6M | No change |
| GRP.U Granite Real Estate Investme | 0.78% | 129,492 | $6.4M | No change |
| DEO Diageo PLC-Sponsored ADR | 0.77% | 50,600 | $6.4M | Reduce -1.3% |
| CIGI Colliers Intl GR-Subord Vot | 0.77% | 56,582 | $6.3M | No change |
| KR Kroger Co. | 0.76% | 125,478 | $6.3M | Add +15.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.74% | 153,344 | $6.1M | Reduce -1.8% |
| USB US Bancorp | 0.74% | 152,953 | $6.1M | Reduce -1.5% |
| FRT Federal Realty Invs Trust | 0.73% | 59,858 | $6.0M | Reduce -4.8% |
| FSV Firstservice Corp. | 0.70% | 37,733 | $5.7M | No change |
| CNC Centene Corp. | 0.67% | 83,688 | $5.5M | Reduce -1.4% |
| ING ING Groep N.V.-Sponsored ADR | 0.65% | 311,475 | $5.3M | Reduce -2.0% |
| DG Dollar General Corp. | 0.65% | 40,369 | $5.3M | Reduce -1.9% |
| AMT American Tower Corp. | 0.64% | 27,097 | $5.3M | Add +34.8% |
| JPM JPMorgan Chase & Co. | 0.62% | 25,186 | $5.1M | Add +5.3% |
| CPT Camden Property Trust | 0.61% | 45,890 | $5.0M | No change |
| HD Home Depot Inc. | 0.60% | 14,352 | $4.9M | Add +17.3% |
| UDR Udr Inc. | 0.56% | 112,894 | $4.6M | No change |
| UNH Unitedhealth Group Inc. | 0.52% | 8,474 | $4.3M | Add +39.0% |
| MS Morgan Stanley | 0.52% | 44,295 | $4.3M | Reduce -0.3% |
| EOG EOG Resources Inc. | 0.52% | 34,020 | $4.3M | Reduce -2.1% |
| COST Costco Wholesale Corp. | 0.52% | 5,028 | $4.3M | Reduce -2.2% |
| EQIX Equinix Inc. | 0.51% | 5,513 | $4.2M | Add +53.7% |
| CNQ Canadian Natural Resources | 0.47% | 108,382 | $3.9M | Reduce -8.1% |
| GIB Cgi Inc. | 0.44% | 36,437 | $3.6M | Add +4.7% |
| GLW Corning Inc. | 0.44% | 92,877 | $3.6M | Reduce -2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 35,693 | $3.5M | Reduce -0.1% |
| WMT Walmart Inc. | 0.42% | 50,898 | $3.4M | Reduce -17.6% |
| GIL Gildan Activewear Inc. | 0.42% | 90,547 | $3.4M | Reduce -8.6% |
| TSCO Tractor Supply Company | 0.41% | 12,362 | $3.3M | Add +1.0% |
| GNTX Gentex Corp. | 0.40% | 98,576 | $3.3M | Reduce -1.1% |
| ORANY Orange-Spon ADR | 0.39% | 322,909 | $3.2M | Add +20.5% |
| WBA Walgreens Boots Alliance Inc. | 0.39% | 263,570 | $3.2M | Reduce -0.6% |
| SANOFI SA | 0.39% | 65,574 | $3.2M | Reduce -0.3% |
| VET Vermilion Energy Inc. | 0.37% | 273,928 | $3.0M | Reduce -8.5% |
| C Citigroup Inc. | 0.36% | 46,550 | $3.0M | Reduce -0.1% |
| TRNO Terreno Realty Corp. | 0.35% | 48,341 | $2.9M | Add +69.7% |
| EXR Extra Space Storage Inc. | 0.34% | 18,159 | $2.8M | Reduce -50.3% |
| COLD Americold Realty Trust Inc. | 0.34% | 110,273 | $2.8M | Add +23.6% |
| AVB Avalonbay Communities Inc. | 0.34% | 13,465 | $2.8M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 25,264 | $2.8M | Reduce -0.3% |
| WELL Welltower Inc. | 0.32% | 25,579 | $2.7M | No change |
| GSK GSK PLC-Spon ADR | 0.30% | 65,168 | $2.5M | Reduce -0.1% |
| RCI Rogers Communications Inc. Class B | 0.30% | 65,832 | $2.4M | Add +5.1% |
| TTE Totalenergies SE -Spon ADR | 0.26% | 32,468 | $2.2M | Reduce -0.1% |
| BEPC Brookfield Renewable Cor-A | 0.25% | 71,903 | $2.0M | Reduce -14.7% |
| JNJ Johnson & Johnson | 0.24% | 13,685 | $2.0M | Reduce -0.1% |
| SPG Simon Property Group Inc. | 0.21% | 11,379 | $1.7M | Reduce -30.2% |
| SAP Sap SE-Sponsored ADR | 0.16% | 6,485 | $1.3M | Reduce -30.1% |
| CVE Cenovus Energy Inc. | 0.05% | 19,800 | $389K | No change |
| BAM Brookfield Asset Mgmt-A | 0.03% | 5,778 | $220K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| BN Brookfield Corp. | Reduce -18.7% | 4.62% | −0.96 |
| BNS Bank of Nova Scotia | Reduce -1.1% | 4.72% | −0.55 |
| VOD Vodafone Group PLC-SP ADR | Sold out | 0.00% | −0.30 |
| WBA Walgreens Boots Alliance Inc. | Reduce -0.6% | 0.39% | −0.30 |
| EXR Extra Space Storage Inc. | Reduce -50.3% | 0.34% | −0.29 |
| QSR Restaurant Brands Intern | Reduce -1.6% | 2.33% | −0.27 |
| TRP TC Energy Corp. | Reduce -1.0% | 5.79% | −0.26 |
| CM Can Imperial BK of Commerce | Reduce -1.1% | 4.80% | −0.25 |
| BXP BXP Inc. | Sold out | 0.00% | −0.21 |
| CNC Centene Corp. | Reduce -1.4% | 0.67% | −0.12 |
| DG Dollar General Corp. | Reduce -1.9% | 0.65% | −0.11 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.3% | 0.77% | −0.11 |
| SPG Simon Property Group Inc. | Reduce -30.2% | 0.21% | −0.09 |
| DIS The Walt Disney Co. | Reduce -0.1% | 0.43% | −0.09 |
| USB US Bancorp | Reduce -1.5% | 0.74% | −0.09 |
| VET Vermilion Energy Inc. | Reduce -8.5% | 0.37% | −0.08 |
| CNQ Canadian Natural Resources | Reduce -8.1% | 0.47% | −0.06 |
| SAP Sap SE-Sponsored ADR | Reduce -30.1% | 0.16% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -0.6% | 1.30% | −0.04 |
| FRT Federal Realty Invs Trust | Reduce -4.8% | 0.73% | −0.03 |
| GSK GSK PLC-Spon ADR | Reduce -0.1% | 0.30% | −0.03 |
| GNTX Gentex Corp. | Reduce -1.1% | 0.40% | −0.02 |
| WMT Walmart Inc. | Reduce -17.6% | 0.42% | −0.02 |
| GIL Gildan Activewear Inc. | Reduce -8.6% | 0.42% | −0.02 |
| JNJ Johnson & Johnson | Reduce -0.1% | 0.24% | −0.01 |
| EOG EOG Resources Inc. | Reduce -2.1% | 0.52% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -1.1% | 1.33% | −0.01 |
| TTE Totalenergies SE -Spon ADR | Reduce -0.1% | 0.26% | −0.00 |
| BEPC Brookfield Renewable Cor-A | Reduce -14.7% | 0.25% | +0.00 |
| SANOFI SA | Reduce -0.3% | 0.39% | +0.01 |
| C Citigroup Inc. | Reduce -0.1% | 0.36% | +0.01 |
| PFE Pfizer Inc. | Reduce -0.9% | 1.20% | +0.03 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -2.0% | 0.65% | +0.03 |
| MS Morgan Stanley | Reduce -0.3% | 0.52% | +0.03 |
| TJX TJX Companies Inc. | Reduce -0.3% | 0.34% | +0.03 |
| BAC Bank of America Corp. | Reduce -1.8% | 0.74% | +0.04 |
| SU Suncor Energy Inc. | Reduce -3.9% | 3.03% | +0.06 |
| MSFT Microsoft Corp. | Reduce -3.5% | 0.97% | +0.06 |
| GLW Corning Inc. | Reduce -2.4% | 0.44% | +0.07 |
| COST Costco Wholesale Corp. | Reduce -2.2% | 0.52% | +0.07 |
| MFC Manulife Financial Corp. | Reduce -6.5% | 4.50% | +0.10 |
| BEP Brookfield Renewable Partner | Reduce -0.4% | 2.05% | +0.16 |
| ORCL Oracle Corp. | Reduce -0.7% | 1.41% | +0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 1.10% | +0.20 |
| PBA Pembina Pipeline Corp. | Reduce -1.3% | 3.68% | +0.22 |
| RY Royal Bank of Canada | Reduce -0.6% | 8.10% | +0.56 |
Portfolio Buys Q1 2024 → Q2 2024
| BIP Brookfield Infrastructure Pa | New | 2.13% | +2.13 |
| TU Telus Corp. | Add +22.0% | 3.68% | +0.57 |
| BCE Bce Inc. | Add +9.5% | 5.07% | +0.33 |
| UNH Unitedhealth Group Inc. | Add +39.0% | 0.52% | +0.17 |
| EQIX Equinix Inc. | Add +53.7% | 0.51% | +0.16 |
| TRNO Terreno Realty Corp. | Add +69.7% | 0.35% | +0.12 |
| COLD Americold Realty Trust Inc. | Add +23.6% | 0.34% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +5.3% | 0.62% | +0.05 |
| HD Home Depot Inc. | Add +17.3% | 0.60% | +0.04 |
| TSCO Tractor Supply Company | Add +1.0% | 0.41% | +0.03 |
| KR Kroger Co. | Add +15.1% | 0.76% | +0.02 |
| ORANY Orange-Spon ADR | Add +20.5% | 0.39% | +0.02 |
| AMT American Tower Corp. | Add +34.8% | 0.64% | +0.00 |
| RCI Rogers Communications Inc. Class B | Add +5.1% | 0.30% | −0.01 |
| GIB Cgi Inc. | Add +4.7% | 0.44% | −0.01 |
| CNI Canadian Natl Railway Co. | Add +0.5% | 4.00% | −0.33 |
| MGA Magna International Inc. | Add +13.4% | 3.33% | −0.40 |
| TD Toronto-Dominion Bank | Add +1.4% | 7.33% | −0.42 |
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 |