MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd reported 72 stock positions worth $916.9 million. Its top holding was Royal Bank of Canada (RY) at 8.3% of the portfolio, followed by Toronto-Dominion Bank (TD, 7.4%) and TC Energy (TRP, 6.3%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 33 and reduced 29. The biggest buy was Granite Real Estate Investme (GRP.U, shares +22%) and the biggest sale an exit from Dollar General (DG).
- Most Recent 13F
- Q2 2026
- Location
- MISSISSAUGA, A6
- CIK
- 0001058231
- Portfolio Value
- $916.9M (Q3 2024)
- SEC Filing
- 0001135428-24-000277 ↗ filed Oct 28, 2024
Holdings Value
Holdings 72 stocks · $916.9M
| RY Royal Bank of Canada | 8.26% | 606,169 | $75.7M | Reduce -3.2% |
| TD Toronto-Dominion Bank | 7.36% | 1,065,881 | $67.4M | Reduce -2.8% |
| TRP TC Energy Corp. | 6.32% | 1,218,847 | $58.0M | Reduce -3.0% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 5.32% | 795,046 | $48.8M | Reduce -4.2% |
| BCE Bce Inc. | 5.23% | 1,378,053 | $47.9M | Add +6.9% |
| BN Brookfield Corp. | 5.06% | 873,139 | $46.4M | Reduce -4.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 4.83% | 812,416 | $44.3M | Reduce -4.3% |
| MFC Manulife Financial Corp. | 4.35% | 1,347,743 | $39.9M | Reduce -3.1% |
| MGA Magna International Inc. | 3.58% | 800,272 | $32.8M | Add +22.3% |
| PBA Pembina Pipeline Corp. | 3.57% | 793,546 | $32.7M | Reduce -2.9% |
| TU Telus Corp. | 3.55% | 1,940,534 | $32.6M | Reduce -2.9% |
| CNI Canadian Natl Railway Co. | 3.53% | 276,491 | $32.4M | Reduce -0.8% |
| SU Suncor Energy Inc. | 2.56% | 634,334 | $23.4M | Reduce -2.9% |
| BIP Brookfield Infrastructure Pa | 2.37% | 619,308 | $21.8M | Reduce -3.1% |
| BEP Brookfield Renewable Partner | 2.02% | 656,251 | $18.5M | Reduce -3.7% |
| QSR Restaurant Brands Intern | 1.96% | 249,179 | $18.0M | Reduce -8.2% |
| ORCL Oracle Corp. | 1.45% | 78,110 | $13.3M | Reduce -5.3% |
| CSCO Cisco Systems Inc. | 1.32% | 226,899 | $12.1M | Add +0.4% |
| VZ Verizon Communications Inc. | 1.31% | 267,241 | $12.0M | Add +0.5% |
| PFE Pfizer Inc. | 1.22% | 387,108 | $11.2M | Add +10.0% |
| GRP.U Granite Real Estate Investme | 1.04% | 157,750 | $9.5M | Add +21.8% |
| CIGI Colliers Intl GR-Subord Vot | 0.94% | 56,582 | $8.6M | No change |
| MSFT Microsoft Corp. | 0.92% | 19,670 | $8.5M | Add +10.1% |
| GOOGL Alphabet Inc. Class A | 0.91% | 50,204 | $8.3M | Add +0.9% |
| DEO Diageo PLC-Sponsored ADR | 0.89% | 58,070 | $8.2M | Add +14.8% |
| RMR RMR Group Inc./the - A | 0.80% | 290,000 | $7.4M | No change |
| KR Kroger Co. | 0.79% | 126,823 | $7.3M | Add +1.1% |
| USB US Bancorp | 0.77% | 154,444 | $7.1M | Add +1.0% |
| FSV Firstservice Corp. | 0.75% | 37,733 | $6.9M | No change |
| FRT Federal Realty Invs Trust | 0.75% | 59,676 | $6.9M | Reduce -0.3% |
| CNC Centene Corp. | 0.69% | 84,590 | $6.4M | Add +1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.67% | 154,707 | $6.1M | Add +0.9% |
| HD Home Depot Inc. | 0.64% | 14,516 | $5.9M | Add +1.1% |
| ING ING Groep N.V.-Sponsored ADR | 0.62% | 314,117 | $5.7M | Add +0.8% |
| CPT Camden Property Trust | 0.61% | 44,959 | $5.6M | Reduce -2.0% |
| AMT American Tower Corp. | 0.60% | 23,644 | $5.5M | Reduce -12.7% |
| JPM JPMorgan Chase & Co. | 0.58% | 25,411 | $5.4M | Add +0.9% |
| UDR Udr Inc. | 0.55% | 111,196 | $5.0M | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 0.55% | 8,580 | $5.0M | Add +1.3% |
| MS Morgan Stanley | 0.51% | 44,857 | $4.7M | Add +1.3% |
| COST Costco Wholesale Corp. | 0.49% | 5,064 | $4.5M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.48% | 45,949 | $4.4M | Add +28.7% |
| GLW Corning Inc. | 0.46% | 93,735 | $4.2M | Add +0.9% |
| EOG EOG Resources Inc. | 0.46% | 34,397 | $4.2M | Add +1.1% |
| GIB Cgi Inc. | 0.46% | 36,437 | $4.2M | No change |
| WMT Walmart Inc. | 0.46% | 51,733 | $4.2M | Add +1.6% |
| GNTX Gentex Corp. | 0.45% | 139,671 | $4.1M | Add +41.7% |
| EQIX Equinix Inc. | 0.44% | 4,580 | $4.1M | Reduce -16.9% |
| SANOFI SA | 0.42% | 66,444 | $3.8M | Add +1.3% |
| TSCO Tractor Supply Company | 0.40% | 12,526 | $3.6M | Add +1.3% |
| CNQ Canadian Natural Resources | 0.39% | 108,382 | $3.6M | No change |
| ORANY Orange-Spon ADR | 0.36% | 290,222 | $3.3M | Reduce -10.1% |
| WELL Welltower Inc. | 0.35% | 25,027 | $3.2M | Reduce -2.2% |
| EXR Extra Space Storage Inc. | 0.35% | 17,774 | $3.2M | Reduce -2.1% |
| TRNO Terreno Realty Corp. | 0.34% | 47,322 | $3.2M | Reduce -2.1% |
| COLD Americold Realty Trust Inc. | 0.33% | 107,949 | $3.1M | Reduce -2.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 25,588 | $3.0M | Add +1.3% |
| AVB Avalonbay Communities Inc. | 0.32% | 13,141 | $3.0M | Reduce -2.4% |
| C Citigroup Inc. | 0.32% | 47,173 | $3.0M | Add +1.3% |
| GIL Gildan Activewear Inc. | 0.31% | 60,937 | $2.9M | Reduce -32.7% |
| GSK GSK PLC-Spon ADR | 0.29% | 66,001 | $2.7M | Add +1.3% |
| VET Vermilion Energy Inc. | 0.29% | 273,928 | $2.7M | No change |
| RCI Rogers Communications Inc. Class B | 0.29% | 65,832 | $2.6M | No change |
| WBA Walgreens Boots Alliance Inc. | 0.26% | 264,644 | $2.4M | Add +0.4% |
| BEPC Brookfield Renewable Cor-A | 0.26% | 72,108 | $2.4M | Add +0.3% |
| JNJ Johnson & Johnson | 0.25% | 13,874 | $2.2M | Add +1.4% |
| TTE Totalenergies SE -Spon ADR | 0.23% | 32,934 | $2.1M | Add +1.4% |
| SPG Simon Property Group Inc. | 0.21% | 11,131 | $1.9M | Reduce -2.2% |
| SAP Sap SE-Sponsored ADR | 0.16% | 6,476 | $1.5M | Reduce -0.1% |
| CVE Cenovus Energy Inc. | 0.04% | 19,800 | $331K | No change |
| BAM Brookfield Asset Mgmt-A | 0.03% | 5,778 | $273K | No change |
| SYK Stryker Corp. | 0.00% | 20 | $7K | New |
Portfolio Sells Q2 2024 → Q3 2024
| DG Dollar General Corp. | Sold out | 0.00% | −0.65 |
| SU Suncor Energy Inc. | Reduce -2.9% | 2.56% | −0.47 |
| CNI Canadian Natl Railway Co. | Reduce -0.8% | 3.53% | −0.47 |
| QSR Restaurant Brands Intern | Reduce -8.2% | 1.96% | −0.36 |
| MFC Manulife Financial Corp. | Reduce -3.1% | 4.35% | −0.15 |
| TU Telus Corp. | Reduce -2.9% | 3.55% | −0.12 |
| PBA Pembina Pipeline Corp. | Reduce -2.9% | 3.57% | −0.11 |
| GIL Gildan Activewear Inc. | Reduce -32.7% | 0.31% | −0.10 |
| EQIX Equinix Inc. | Reduce -16.9% | 0.44% | −0.06 |
| AMT American Tower Corp. | Reduce -12.7% | 0.60% | −0.04 |
| BEP Brookfield Renewable Partner | Reduce -3.7% | 2.02% | −0.03 |
| ORANY Orange-Spon ADR | Reduce -10.1% | 0.36% | −0.03 |
| AVB Avalonbay Communities Inc. | Reduce -2.4% | 0.32% | −0.02 |
| UDR Udr Inc. | Reduce -1.5% | 0.55% | −0.01 |
| COLD Americold Realty Trust Inc. | Reduce -2.1% | 0.33% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -2.2% | 0.21% | −0.00 |
| TRNO Terreno Realty Corp. | Reduce -2.1% | 0.34% | −0.00 |
| CPT Camden Property Trust | Reduce -2.0% | 0.61% | −0.00 |
| SAP Sap SE-Sponsored ADR | Reduce -0.1% | 0.16% | +0.00 |
| EXR Extra Space Storage Inc. | Reduce -2.1% | 0.35% | +0.01 |
| FRT Federal Realty Invs Trust | Reduce -0.3% | 0.75% | +0.01 |
| WELL Welltower Inc. | Reduce -2.2% | 0.35% | +0.03 |
| TD Toronto-Dominion Bank | Reduce -2.8% | 7.36% | +0.03 |
| ORCL Oracle Corp. | Reduce -5.3% | 1.45% | +0.04 |
| BNS Bank of Nova Scotia | Reduce -4.3% | 4.83% | +0.11 |
| RY Royal Bank of Canada | Reduce -3.2% | 8.26% | +0.16 |
| BIP Brookfield Infrastructure Pa | Reduce -3.1% | 2.37% | +0.24 |
| BN Brookfield Corp. | Reduce -4.5% | 5.06% | +0.44 |
| CM Can Imperial BK of Commerce | Reduce -4.2% | 5.32% | +0.53 |
| TRP TC Energy Corp. | Reduce -3.0% | 6.32% | +0.53 |
Portfolio Buys Q2 2024 → Q3 2024
| GRP.U Granite Real Estate Investme | Add +21.8% | 1.04% | +0.26 |
| MGA Magna International Inc. | Add +22.3% | 3.58% | +0.25 |
| BCE Bce Inc. | Add +6.9% | 5.23% | +0.15 |
| DEO Diageo PLC-Sponsored ADR | Add +14.8% | 0.89% | +0.11 |
| DIS The Walt Disney Co. | Add +28.7% | 0.48% | +0.05 |
| GNTX Gentex Corp. | Add +41.7% | 0.45% | +0.05 |
| HD Home Depot Inc. | Add +1.1% | 0.64% | +0.04 |
| WMT Walmart Inc. | Add +1.6% | 0.46% | +0.04 |
| USB US Bancorp | Add +1.0% | 0.77% | +0.03 |
| KR Kroger Co. | Add +1.1% | 0.79% | +0.03 |
| SANOFI SA | Add +1.3% | 0.42% | +0.03 |
| PFE Pfizer Inc. | Add +10.0% | 1.22% | +0.03 |
| GLW Corning Inc. | Add +0.9% | 0.46% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +1.3% | 0.55% | +0.02 |
| CNC Centene Corp. | Add +1.1% | 0.69% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.4% | 1.32% | +0.01 |
| BEPC Brookfield Renewable Cor-A | Add +0.3% | 0.26% | +0.01 |
| JNJ Johnson & Johnson | Add +1.4% | 0.25% | +0.00 |
| SYK Stryker Corp. | New | 0.00% | +0.00 |
| TSCO Tractor Supply Company | Add +1.3% | 0.40% | −0.01 |
| TJX TJX Companies Inc. | Add +1.3% | 0.33% | −0.01 |
| GSK GSK PLC-Spon ADR | Add +1.3% | 0.29% | −0.01 |
| MS Morgan Stanley | Add +1.3% | 0.51% | −0.01 |
| VZ Verizon Communications Inc. | Add +0.5% | 1.31% | −0.02 |
| ING ING Groep N.V.-Sponsored ADR | Add +0.8% | 0.62% | −0.03 |
| COST Costco Wholesale Corp. | Add +0.7% | 0.49% | −0.03 |
| TTE Totalenergies SE -Spon ADR | Add +1.4% | 0.23% | −0.03 |
| JPM JPMorgan Chase & Co. | Add +0.9% | 0.58% | −0.03 |
| C Citigroup Inc. | Add +1.3% | 0.32% | −0.04 |
| MSFT Microsoft Corp. | Add +10.1% | 0.92% | −0.05 |
| EOG EOG Resources Inc. | Add +1.1% | 0.46% | −0.06 |
| BAC Bank of America Corp. | Add +0.9% | 0.67% | −0.07 |
| WBA Walgreens Boots Alliance Inc. | Add +0.4% | 0.26% | −0.13 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 0.91% | −0.19 |
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 |