MACKENZIE FINANCIAL CORP
Long book
$83.34B
Q1 2026
Positions
1406
Top-10 weight
25%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
28%
of book per quarter
Strategy in plain words
auto-generated from filingsMACKENZIE FINANCIAL CORP is a mechanically diversified allocator, running a $83.34B US long book across 1406 positions.
The portfolio is broadly diversified across 1406 positions (top 10 only 25%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ROYAL BANK OF CANADA, NVIDIA CORP, APPLE INC, TORONTO-DOMINION BANK, SS SPDR S&P 500 ETF TRUST-US.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.4%
Q2 2024
+8.3%
Q3 2024
-0.9%
Q4 2024
-1.0%
Q1 2025
+9.1%
Q2 2025
+7.5%
Q3 2025
+3.2%
Q4 2025
-0.7%
Q1 2026
+9.1%
Sector allocation
Technology 23%
Financials 18%
Materials 9%
Industrials 9%
Energy 9%
Healthcare 6%
Consumer discretionary 6%
Utilities 5%
Long book by quarter
What does MACKENZIE FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RY ROYAL BANK OF CANADA | Financials | 19.5M | $3.15B | 3.8% | -7.3% |
| NVDA NVIDIA CORP | Technology | 14.5M | $2.52B | 3.0% | +8.7% |
| AAPL APPLE INC | Technology | 9.6M | $2.44B | 2.9% | +4.7% |
| TD TORONTO-DOMINION BANK | Financials | 24.1M | $2.25B | 2.7% | -5.6% |
| MSFT MICROSOFT CORP | Technology | 5.1M | $1.88B | 2.3% | -8.2% |
| GOOGL ALPHABET INC-CL A | Technology | 6.2M | $1.80B | 2.2% | -2.2% |
| AEM AGNICO EAGLE MINES LTD | Materials | 8.8M | $1.79B | 2.2% | +1.8% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 27.4M | $1.34B | 1.6% | -11.3% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 15.6M | $1.23B | 1.5% | -2.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 5.9M | $1.22B | 1.5% | -12.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 9.9M | $1.18B | 1.4% | -0.1% |
| BMO BANK OF MONTREAL | Financials | 8.6M | $1.16B | 1.4% | -7.7% |
| ENB ENBRIDGE INC | Energy | 20.4M | $1.11B | 1.3% | +12.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.4M | $1.08B | 1.3% | -0.9% |
| MFC MANULIFE FINANCIAL CORP | Financials | 29.9M | $1.03B | 1.2% | +4.7% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 10.3M | $972.0M | 1.2% | -5.0% |
| SU SUNCOR ENERGY INC | Energy | 14.2M | $936.3M | 1.1% | +17.7% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 8.8M | $903.2M | 1.1% | -1.3% |
| BN BROOKFIELD CORP | Real estate | 22.2M | $898.1M | 1.1% | -7.0% |
| META META PLATFORMS INC-CLASS A | Technology | 1.4M | $815.6M | 1.0% | -1.0% |
| WCN WASTE CONNECTIONS INC | Utilities | 5.0M | $809.1M | 1.0% | -11.4% |
| B BARRICK MINING CORP | Materials | 19.8M | $808.1M | 1.0% | -4.0% |
| TRP TC ENERGY CORP | Utilities | 12.8M | $799.8M | 1.0% | -4.8% |
| AVGO BROADCOM INC | Technology | 2.6M | $793.4M | 1.0% | +4.5% |
| CVE CENOVUS ENERGY INC | Energy | 25.5M | $676.1M | 0.8% | -11.5% |
| XOM EXXON MOBIL CORP | Energy | 3.7M | $621.3M | 0.7% | +18.9% |
| FNV FRANCO-NEVADA CORP | Materials | 2.4M | $605.3M | 0.7% | +6.0% |
| BNS BANK OF NOVA SCOTIA | Financials | 8.6M | $599.5M | 0.7% | -10.6% |
| NTR NUTRIEN LTD | Other | 7.8M | $588.0M | 0.7% | +7.9% |
| JPM JPMORGAN CHASE & CO | Financials | 2.0M | $583.5M | 0.7% | -21.7% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 4.0M | $528.9M | 0.6% | +4.8% |
| CME CME GROUP INC | Financials | 1.7M | $512.1M | 0.6% | +22.0% |
| LIN LINDE PLC | Materials | 983.5K | $487.6M | 0.6% | +1.9% |
| KGC KINROSS GOLD CORP | Materials | 15.4M | $469.9M | 0.6% | +5.2% |
| MA MASTERCARD INC - A | Services media | 940.0K | $469.7M | 0.6% | +11.5% |
| LLY ELI LILLY & CO | Healthcare | 506.1K | $465.5M | 0.6% | +3.0% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 8.9M | $463.1M | 0.6% | +8.2% |
| V VISA INC-CLASS A SHARES | Services media | 1.5M | $455.0M | 0.5% | +5.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 2.8M | $453.8M | 0.5% | -6.7% |
| ABBV ABBVIE INC | Healthcare | 2.1M | $449.1M | 0.5% | -0.5% |
| KO COCA-COLA CO/THE | Consumer staples | 5.7M | $436.8M | 0.5% | +27.7% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 9.8M | $434.1M | 0.5% | -1.0% |
| TU TELUS CORP | Communications | 33.6M | $432.3M | 0.5% | +1.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 2.6M | $427.3M | 0.5% | +2.0% |
| WMT WALMART INC | Consumer discretionary | 3.4M | $421.0M | 0.5% | -7.2% |
| TTE TOTALENERGIES SE | Energy | 4.5M | $413.9M | 0.5% | +13.5% |
| GIB CGI INC | Services media | 5.4M | $397.6M | 0.5% | -7.1% |
| CSCO CISCO SYSTEMS INC | Technology | 5.0M | $391.0M | 0.5% | +18.3% |
| SLF SUN LIFE FINANCIAL INC | Financials | 6.1M | $382.3M | 0.5% | -1.7% |
| PBA PEMBINA PIPELINE CORP | Energy | 8.3M | $370.7M | 0.4% | -24.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 1420 | $83.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 1666 | $84.43B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1699 | $82.55B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 1699 | $77.19B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 1667 | $70.33B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ANEW HOLDINGS | May 2, 2025 | 1692 | $73.39B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ANEW HOLDINGS | Feb 20, 2025 | 1691 | $76.95B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 1636 | $69.66B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1574 | $71.86B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 1533 | $67.30B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 1521 | $69.39B | canonical | SEC ↗ |
Similar funds
VANGUARD CAPITAL MANAGEMENT LLCVANGUARD PORTFOLIO MANAGEMENT LLCPRICE T ROWE ASSOCIATES INC /MD/Bank of New York Mellon CorpLegal & General Group PlcVANGUARD FIDUCIARY TRUST CONuveen, LLCAmundiJANUS HENDERSON GROUP PLCAMERICAN CENTURY COMPANIES INCPRINCIPAL FINANCIAL GROUP INCVanguard Global Advisers, LLC