MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd reported 70 stock positions worth $938.9 million. Its top holding was Royal Bank of Canada (RY) at 7.1% of the portfolio, followed by Toronto-Dominion Bank (TD, 7.0%) and TC Energy (TRP, 5.2%). Compared with Q4 2025, it opened 2 new positions, sold out of 3, added to 32 and reduced 35. The biggest buy was Cgi (GIB, shares +598%) and the biggest sale Toronto-Dominion Bank (TD, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- MISSISSAUGA, A6
- CIK
- 0001058231
- Portfolio Value
- $938.9M (Q1 2026)
- SEC Filing
- 0001140361-26-021020 ↗ filed May 13, 2026
Holdings Value
Holdings 70 stocks · $938.9M
| RY Royal Bank of Canada | 7.12% | 407,274 | $66.9M | Reduce -4.7% |
| TD Toronto-Dominion Bank | 6.97% | 690,433 | $65.5M | Reduce -16.8% |
| TRP TC Energy Corp. | 5.20% | 767,761 | $48.8M | Reduce -3.3% |
| BCE Bce Inc. | 5.03% | 1,843,830 | $47.2M | Reduce -2.2% |
| PBA Pembina Pipeline Corp. | 4.84% | 999,523 | $45.4M | Add +11.8% |
| CNI Canadian Natl Railway Co. | 4.50% | 404,264 | $42.3M | Reduce -3.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 4.33% | 577,451 | $40.7M | Reduce -14.0% |
| CNQ Canadian Natural Resources | 3.68% | 697,039 | $34.5M | Add +3.5% |
| SU Suncor Energy Inc. | 3.67% | 513,151 | $34.5M | Reduce -4.3% |
| QSR Restaurant Brands Intern | 3.63% | 453,400 | $34.1M | Reduce -2.9% |
| NTR Nutrien Ltd. | 3.55% | 434,978 | $33.3M | Reduce -16.2% |
| BN Brookfield Corp. | 3.01% | 687,609 | $28.3M | Reduce -9.9% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 3.01% | 293,506 | $28.2M | Reduce -10.9% |
| TU Telus Corp. | 2.92% | 2,103,236 | $27.5M | Add +15.4% |
| GIB Cgi Inc. | 2.74% | 347,026 | $25.8M | Add +598.0% |
| MFC Manulife Financial Corp. | 2.57% | 688,793 | $24.1M | Reduce -0.9% |
| BIP Brookfield Infrastructure Pa | 2.49% | 637,201 | $23.3M | Reduce -0.9% |
| MGA Magna International Inc. | 2.37% | 393,015 | $22.3M | Reduce -38.8% |
| BEP Brookfield Renewable Partner | 2.02% | 572,389 | $19.0M | Reduce -0.5% |
| PFE Pfizer Inc. | 1.20% | 401,310 | $11.3M | Add +3.1% |
| CSCO Cisco Systems Inc. | 1.19% | 144,285 | $11.2M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 1.02% | 33,214 | $9.6M | Add +5.5% |
| VZ Verizon Communications Inc. | 0.99% | 186,004 | $9.3M | Reduce -23.0% |
| FSV Firstservice Corp. | 0.97% | 64,666 | $9.1M | Add +37.9% |
| DEO Diageo PLC-Sponsored ADR | 0.91% | 114,963 | $8.6M | Add +15.3% |
| MSFT Microsoft Corp. | 0.87% | 22,004 | $8.1M | Add +29.5% |
| USB US Bancorp | 0.77% | 138,634 | $7.2M | Add +4.7% |
| AMT American Tower Corp. | 0.76% | 41,505 | $7.2M | Add +5.0% |
| TMO Thermo Fisher Scientific Inc. | 0.75% | 14,421 | $7.1M | Add +28.3% |
| V Visa Inc. Class A | 0.75% | 23,216 | $7.0M | New |
| J Jacobs Solutions Inc. | 0.72% | 53,145 | $6.8M | Add +5.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.69% | 132,830 | $6.5M | Add +4.9% |
| GRTUF Granite Real Estate Investme | 0.67% | 104,627 | $6.2M | Reduce -6.7% |
| UNH Unitedhealth Group Inc. | 0.65% | 22,555 | $6.1M | Add +72.2% |
| CIGI Colliers Intl GR-Subord Vot | 0.61% | 52,615 | $5.7M | Add +28.7% |
| ING ING Groep N.V.-Sponsored ADR | 0.61% | 218,394 | $5.7M | Add +4.9% |
| EOG EOG Resources Inc. | 0.60% | 38,961 | $5.6M | Reduce -4.4% |
| WMT Walmart Inc. | 0.58% | 43,851 | $5.4M | Add +5.0% |
| JPM JPMorgan Chase & Co. | 0.58% | 18,451 | $5.4M | Add +4.3% |
| COST Costco Wholesale Corp. | 0.56% | 5,297 | $5.3M | Add +4.7% |
| SAP Sap SE-Sponsored ADR | 0.54% | 29,833 | $5.1M | Add +8.8% |
| C Citigroup Inc. | 0.51% | 42,269 | $4.8M | Add +7.8% |
| MS Morgan Stanley | 0.50% | 28,279 | $4.7M | Add +7.0% |
| GLW Corning Inc. | 0.49% | 34,141 | $4.6M | Reduce -41.6% |
| RMR RMR Group Inc./the - A | 0.48% | 290,000 | $4.5M | No change |
| HD Home Depot Inc. | 0.46% | 13,223 | $4.3M | Add +5.4% |
| FRT Federal Realty Invs Trust | 0.42% | 36,888 | $3.9M | Reduce -6.8% |
| TRNO Terreno Realty Corp. | 0.42% | 63,499 | $3.9M | Add +2.2% |
| EQIX Equinix Inc. | 0.41% | 3,971 | $3.9M | Add +4.5% |
| SANOFI SA | 0.40% | 78,482 | $3.8M | Add +7.0% |
| BGSI Boyd Group Services Inc. | 0.40% | 29,113 | $3.8M | Reduce -8.7% |
| WELL Welltower Inc. | 0.38% | 17,970 | $3.6M | Reduce -6.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.37% | 21,540 | $3.4M | Add +6.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 35,392 | $3.4M | Reduce -6.8% |
| GSK GSK PLC-Spon ADR | 0.34% | 58,371 | $3.2M | Reduce -42.1% |
| BAM Brookfield Asset Mgmt-A | 0.34% | 70,083 | $3.2M | New |
| SHEL Shell PLC-ADR | 0.33% | 33,038 | $3.1M | Reduce -18.5% |
| GNTX Gentex Corp. | 0.33% | 139,828 | $3.1M | Add +5.5% |
| RCI Rogers Communications Inc. Class B | 0.32% | 76,562 | $3.0M | Reduce -23.2% |
| GIL Gildan Activewear Inc. | 0.31% | 51,283 | $2.9M | Reduce -17.4% |
| TTE Totalenergies SE -Spon ADR | 0.29% | 29,465 | $2.7M | Add +7.5% |
| TSCO Tractor Supply Company | 0.27% | 56,244 | $2.5M | Add +8.2% |
| JNJ Johnson & Johnson | 0.24% | 9,389 | $2.3M | Reduce -19.2% |
| AVB Avalonbay Communities Inc. | 0.20% | 11,699 | $1.9M | Reduce -19.7% |
| SPG Simon Property Group Inc. | 0.20% | 9,817 | $1.8M | Reduce -6.7% |
| AHR American Healthcare REIT Inc. | 0.18% | 35,040 | $1.7M | Reduce -6.8% |
| EXR Extra Space Storage Inc. | 0.17% | 12,429 | $1.6M | Reduce -26.0% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.17% | 12,496 | $1.6M | Reduce -6.8% |
| BXP BXP Inc. | 0.07% | 12,098 | $627K | Reduce -22.4% |
| BEPC Brookfield Renewable Corp. | 0.01% | 1,257 | $50K | Reduce -97.8% |
Portfolio Sells Q4 2025 → Q1 2026
| TD Toronto-Dominion Bank | Reduce -16.8% | 6.97% | −2.14 |
| MGA Magna International Inc. | Reduce -38.8% | 2.37% | −1.62 |
| BNS Bank of Nova Scotia | Reduce -14.0% | 4.33% | −1.44 |
| RY Royal Bank of Canada | Reduce -4.7% | 7.12% | −1.37 |
| BN Brookfield Corp. | Reduce -9.9% | 3.01% | −1.07 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.61 |
| CM Can Imperial BK of Commerce | Reduce -10.9% | 3.01% | −0.47 |
| MFC Manulife Financial Corp. | Reduce -0.9% | 2.57% | −0.38 |
| CNI Canadian Natl Railway Co. | Reduce -3.5% | 4.50% | −0.33 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.26 |
| BEPC Brookfield Renewable Corp. | Reduce -97.8% | 0.01% | −0.25 |
| BCE Bce Inc. | Reduce -2.2% | 5.03% | −0.21 |
| BGSI Boyd Group Services Inc. | Reduce -8.7% | 0.40% | −0.19 |
| NTR Nutrien Ltd. | Reduce -16.2% | 3.55% | −0.18 |
| KBH KB Home | Sold out | 0.00% | −0.16 |
| GIL Gildan Activewear Inc. | Reduce -17.4% | 0.31% | −0.14 |
| BIP Brookfield Infrastructure Pa | Reduce -0.9% | 2.49% | −0.12 |
| RCI Rogers Communications Inc. Class B | Reduce -23.2% | 0.32% | −0.12 |
| GRTUF Granite Real Estate Investme | Reduce -6.7% | 0.67% | −0.11 |
| QSR Restaurant Brands Intern | Reduce -2.9% | 3.63% | −0.09 |
| BXP BXP Inc. | Reduce -22.4% | 0.07% | −0.02 |
| AVB Avalonbay Communities Inc. | Reduce -19.7% | 0.20% | −0.02 |
| EXR Extra Space Storage Inc. | Reduce -26.0% | 0.17% | −0.01 |
| DIS The Walt Disney Co. | Reduce -6.8% | 0.36% | +0.02 |
| AHR American Healthcare REIT Inc. | Reduce -6.8% | 0.18% | +0.03 |
| SUI Sun Communities Inc. | Reduce -6.8% | 0.17% | +0.03 |
| SPG Simon Property Group Inc. | Reduce -6.7% | 0.20% | +0.03 |
| JNJ Johnson & Johnson | Reduce -19.2% | 0.24% | +0.04 |
| GSK GSK PLC-Spon ADR | Reduce -42.1% | 0.34% | +0.04 |
| GLW Corning Inc. | Reduce -41.6% | 0.49% | +0.06 |
| SHEL Shell PLC-ADR | Reduce -18.5% | 0.33% | +0.07 |
| WELL Welltower Inc. | Reduce -6.8% | 0.38% | +0.07 |
| FRT Federal Realty Invs Trust | Reduce -6.8% | 0.42% | +0.08 |
| TRP TC Energy Corp. | Reduce -3.3% | 5.20% | +0.10 |
| VZ Verizon Communications Inc. | Reduce -23.0% | 0.99% | +0.16 |
| BEP Brookfield Renewable Partner | Reduce -0.5% | 2.02% | +0.21 |
| EOG EOG Resources Inc. | Reduce -4.4% | 0.60% | +0.21 |
| SU Suncor Energy Inc. | Reduce -4.3% | 3.67% | +0.90 |
Portfolio Buys Q4 2025 → Q1 2026
| GIB Cgi Inc. | Add +598.0% | 2.74% | +2.21 |
| CNQ Canadian Natural Resources | Add +3.5% | 3.68% | +1.02 |
| PBA Pembina Pipeline Corp. | Add +11.8% | 4.84% | +0.87 |
| V Visa Inc. Class A | New | 0.75% | +0.75 |
| PFE Pfizer Inc. | Add +3.1% | 1.20% | +0.38 |
| BAM Brookfield Asset Mgmt-A | New | 0.34% | +0.34 |
| UNH Unitedhealth Group Inc. | Add +72.2% | 0.65% | +0.28 |
| CSCO Cisco Systems Inc. | Add +2.3% | 1.19% | +0.27 |
| TMO Thermo Fisher Scientific Inc. | Add +28.3% | 0.75% | +0.20 |
| COST Costco Wholesale Corp. | Add +4.7% | 0.56% | +0.19 |
| WMT Walmart Inc. | Add +5.0% | 0.58% | +0.19 |
| DEO Diageo PLC-Sponsored ADR | Add +15.3% | 0.91% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +5.5% | 1.02% | +0.18 |
| AMT American Tower Corp. | Add +5.0% | 0.76% | +0.17 |
| MSFT Microsoft Corp. | Add +29.5% | 0.87% | +0.17 |
| USB US Bancorp | Add +4.7% | 0.77% | +0.17 |
| EQIX Equinix Inc. | Add +4.5% | 0.41% | +0.17 |
| J Jacobs Solutions Inc. | Add +5.5% | 0.72% | +0.15 |
| TTE Totalenergies SE -Spon ADR | Add +7.5% | 0.29% | +0.13 |
| TU Telus Corp. | Add +15.4% | 2.92% | +0.12 |
| FSV Firstservice Corp. | Add +37.9% | 0.97% | +0.12 |
| C Citigroup Inc. | Add +7.8% | 0.51% | +0.12 |
| ING ING Groep N.V.-Sponsored ADR | Add +4.9% | 0.61% | +0.11 |
| TRNO Terreno Realty Corp. | Add +2.2% | 0.42% | +0.11 |
| TJX TJX Companies Inc. | Add +6.5% | 0.37% | +0.10 |
| SANOFI SA | Add +7.0% | 0.40% | +0.10 |
| BAC Bank of America Corp. | Add +4.9% | 0.69% | +0.10 |
| MS Morgan Stanley | Add +7.0% | 0.50% | +0.10 |
| HD Home Depot Inc. | Add +5.4% | 0.46% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +4.3% | 0.58% | +0.09 |
| GNTX Gentex Corp. | Add +5.5% | 0.33% | +0.06 |
| TSCO Tractor Supply Company | Add +8.2% | 0.27% | +0.05 |
| SAP Sap SE-Sponsored ADR | Add +8.8% | 0.54% | −0.02 |
| CIGI Colliers Intl GR-Subord Vot | Add +28.7% | 0.61% | −0.09 |
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 |