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Morguard Lincluden Global Investments Ltd

CIK 1058231 · latest 13F filed 24 July 2026 · Read the filing on EDGAR

Morguard Lincluden Global Investments Ltd reported 68 US-listed holdings worth $1.02 billion in its 13F for the quarter ended 30 June 2026, filed 24 July 2026. Its largest: Royal Bank of Canada (9.2%), Toronto-Dominion Bank (8.9%) and TC Energy Corporation (5.6%). Against the quarter before, it opened 2 positions, added to 22, trimmed 35 and sold out of 4.

Filed before as Lincluden Management Ltd.

Reported holdings$1.02B+8.5% on Q1 2026
Positions68-2 on Q1 2026
The largest ten53.3%of its reported holdings
Latest 13FQ2 2026filed 24 July 2026
Where the money is
Added toTrimmed
RY9.2%TD8.9%TRP5.6%BNS5.6%CNI5.4%BCE4.3%GIB3.8%QSR3.6%CM3.5%BIP3.4%CNQ3.1%SU3.1%TU2.9%NTR54 more34.9%

The 14 largest of its 68 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter
Q3 2024: $916.9 million in 72 positions$917MQ3 24Q4 2024: $826.1 million in 73 positions$826MQ4 24Q1 2025: $787.1 million in 72 positions$787MQ1 25Q2 2025: $905.4 million in 77 positions$905MQ2 25Q3 2025: $898.3 million in 69 positions$898MQ3 25Q4 2025: $1.18 billion in 71 positions$1.18BQ4 25Q1 2026: $938.9 million in 70 positions$939MQ1 26Q2 2026: $1.02 billion in 68 positions$1.02BQ2 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 2Added 22Held 9Trimmed 35Sold out 4
Opened: 2Added: 22Held: 9Trimmed: 35Sold out: 4

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 2

  1. Descartes Sys Group Inc. DSGX$3.4 million
  2. Mid-America Apartment Communities, Inc. MAA$1.5 million

Added to 22

  1. Cgi Inc. GIB+70,443 shares · +20%
  2. Jacobs Solutions Inc. J+18,878 shares · +36%
  3. Tractor Supply Co. TSCO+72,186 shares · +128%
  4. Boyd Group Services Inc. BGSI+12,197 shares · +42%
  5. Walt Disney Co. DIS+16,148 shares · +46%
  6. Shell plc SHEL+17,914 shares · +54%
  7. Brookfield Infrast Partners BIP+25,485 shares · +4%
  8. Thermo Fisher Scientific Inc. TMO+2,366 shares · +16%

and 14 more in the table below

Trimmed 35

  1. Toronto-Dominion Bank TD-163,556 shares · -24%
  2. Royal Bank of Canada RY-87,771 shares · -22%
  3. TC Energy Corporation TRP-161,784 shares · -21%
  4. Brookfield Corporation BN-247,835 shares · -36%
  5. Bank of Nova Scotia BNS-118,625 shares · -21%
  6. Canadian Natl Ry Co. CNI-80,154 shares · -20%
  7. BCE Inc BCE-398,067 shares · -22%
  8. Manulife Financial Corporation MFC-209,690 shares · -30%

and 27 more in the table below

Sold out of 4

  1. Pembina Pipeline Corp PBA$45.4 million last quarter
  2. Granite Real Estate Invt Trust Trust Unit New GRTUF$6.2 million last quarter
  3. TotalEnergies SE TTE$2.7 million last quarter
  4. Sun Communities Inc. SUI$1.6 million last quarter

What it holds

CompanySharesValueOf its bookChange in shares
Royal Bank of Canada RY319,503$93.8 million9.21%-87,771
Toronto-Dominion Bank TD526,877$90.9 million8.92%-163,556
TC Energy Corporation TRP605,977$56.9 million5.59%-161,784
Bank of Nova Scotia BNS458,826$56.6 million5.55%-118,625
Canadian Natl Ry Co. CNI324,110$54.9 million5.38%-80,154
BCE Inc BCE1,445,763$44.2 million4.34%-398,067
Cgi Inc. GIB417,469$38.3 million3.76%+70,443
Restaurant Brands Intl Inc. QSR357,508$36.8 million3.61%-95,892
Canadian Imperial Bank of Commerce CM220,139$36.0 million3.53%-73,367
Brookfield Infrast Partners BIP662,686$34.3 million3.37%+25,485
Canadian Natural Resources Limited CNQ557,895$31.3 million3.07%-139,144
Suncor Energy Inc. SU408,759$31.2 million3.06%-104,392
Telus Corporation TU1,951,523$29.3 million2.87%-151,713
Nutrien Ltd. NTR320,313$28.6 million2.81%-114,665
Manulife Financial Corporation MFC479,103$27.6 million2.71%-209,690
Brookfield Corporation BN439,774$26.6 million2.61%-247,835
Magna Intl Inc. MGA266,320$24.8 million2.44%-126,695
Brookfield Renewable Partner BEP422,025$20.8 million2.04%-150,364
Firstservice Corp. New FSV66,993$13.5 million1.33%+2,327
Alphabet Inc. GOOGL33,228$11.9 million1.17%+14
UnitedHealth Group Inc. UNH22,589$9.4 million0.92%+34
Jacobs Solutions Inc. J72,023$9.1 million0.89%+18,878
Visa Inc. V25,560$8.8 million0.86%+2,344
Thermo Fisher Scientific Inc. TMO16,787$8.4 million0.83%+2,366
U.S. Bancorp USB139,095$8.4 million0.82%+461
Microsoft Corp. MSFT22,093$8.2 million0.81%+89
Cisco Systems, Inc. CSCO69,320$8.1 million0.80%-74,965
American Tower Corp. AMT47,493$7.8 million0.76%+5,988
Diageo plc DEO95,951$7.7 million0.76%-19,012
Bank of America Corp. BAC133,646$7.6 million0.75%+816
Colliers Intl Group Inc. CIGI54,765$7.3 million0.72%+2,150
Pfizer Inc. PFE302,092$7.3 million0.71%-99,218
ING Groep N.V. ING209,457$6.6 million0.65%-8,937
JPMorgan Chase & Co. JPM18,711$6.1 million0.60%+260
RMR Group Inc. RMR290,000$6.0 million0.58%no change
Morgan Stanley MS27,805$5.8 million0.57%-474
Home Depot, Inc. HD15,878$5.6 million0.55%+2,655
Boyd Group Services Inc. BGSI41,310$5.5 million0.54%+12,197
Citigroup Inc. C36,613$5.1 million0.50%-5,656
EOG Resources Inc. EOG39,024$5.1 million0.50%+63
Costco Wholesale Corp. COST5,345$5.0 million0.49%+48
Walt Disney Co. DIS51,540$5.0 million0.49%+16,148
Walmart Inc. WMT43,169$4.9 million0.48%-682
Verizon Communications Inc. VZ108,554$4.6 million0.45%-77,450
Federal Realty Investment Trust FRT36,888$4.6 million0.45%no change
Gildan Activewear Inc. GIL59,218$4.3 million0.43%+7,935
Equinix Inc. EQIX3,971$4.1 million0.41%no change
Terreno Realty Corp. TRNO63,499$4.1 million0.40%no change
Welltower Inc. WELL17,970$4.1 million0.40%no change
Tractor Supply Co. TSCO128,430$4.1 million0.40%+72,186
Shell plc SHEL50,952$4.0 million0.39%+17,914
Gentex Corp. GNTX139,650$3.5 million0.35%-178
Rogers Communications Inc. RCI74,117$3.4 million0.34%-2,445
Descartes Sys Group Inc. DSGX34,114$3.4 million0.33%new
Sanofi SA77,164$3.3 million0.32%-1,318
TJX Companies Inc. TJX21,189$3.2 million0.32%-351
GSK plc GSK57,400$3.0 million0.30%-971
American Healthcare Reit, Inc. AHR54,797$2.9 million0.28%+19,757
Brookfield Asset Management Ltd. BAM43,179$2.7 million0.27%-26,904
SAP SE SAP15,362$2.4 million0.23%-14,471
Johnson & Johnson JNJ9,263$2.4 million0.23%-126
Avalonbay Cmntys Inc. AVB11,699$2.2 million0.22%no change
Extra Space Storage Inc. EXR12,429$1.8 million0.18%no change
Mid-America Apartment Communities, Inc. MAA10,722$1.5 million0.15%new
Simon Property Group Inc. SPG6,537$1.5 million0.14%-3,280
Bxp, Inc. BXP11,822$784,0000.08%-276
Corning Inc. GLW599$153,0000.02%-33,542
Brookfield Renewable Corp. Class A Ex Sub VTG BEPC1,257$66,0000.01%no change
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 4 it sold out of are in the box above.