Q2 2026 13F · SEC CIK 1058231

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

Asset managerFiled 2026-07-24 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.0B
Reported positions: 68
Top holdings a year, 3 yrs: +18.6%
Average holding period: 9.3 yrs

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd is an asset manager that reported 68 positions worth $1.0B in its Q2 2026 13F, filed 2026-07-24. Its largest holdings were Royal Bank of Canada (RY, 9.2%), Toronto Dominion Bank (TD, 8.9%), Tc Energy Corp (TRP, 5.6%). A portfolio copying its top holdings returned 18.6% a year over the last 3 years, against 20.4% for the S&P 500.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd holdings largest 50 of 68 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
RYRoyal Bank of Canada	9.2%	7.1%	319,503	-21.6%	$93.8M
TDToronto Dominion Bank	8.9%	7.0%	526,877	-23.7%	$90.9M
TRPTc Energy Corp	5.6%	5.2%	605,977	-21.1%	$56.9M
BNSBank Nova Scotia B C	5.6%	4.3%	458,826	-20.5%	$56.6M
CNICanadian Natl Ry Co	5.4%	4.5%	324,110	-19.8%	$54.9M
BCEBce Inc	4.3%	5.0%	1,445,763	-21.6%	$44.2M
GIBCgi Inc	3.8%	2.7%	417,469	+20.3%	$38.3M
QSRRestaurant Brands Intl Inc Com	3.6%	3.6%	357,508	-21.1%	$36.8M
CMCanadian Imperial Bank of Co	3.5%	3.0%	220,139	-25.0%	$36.0M
BIPBrookfield Infrastructure Pa	3.4%	2.5%	662,686	+4.0%	$34.3M
CNQCanadian Nat Res Ltd Med Term Com	3.1%	3.7%	557,895	-20.0%	$31.3M
SUSuncor Energy Inc New	3.1%	3.7%	408,759	-20.3%	$31.2M
TUTelus Corporation	2.9%	2.9%	1,951,523	-7.2%	$29.3M
NTRNutrien Ltd	2.8%	3.6%	320,313	-26.4%	$28.6M
MFCManulife Finl Corp	2.7%	2.6%	479,103	-30.4%	$27.6M
BNBrookfield Corp	2.6%	3.0%	439,774	-36.0%	$26.6M
MGAMagna Intl Inc	2.4%	2.4%	266,320	-32.2%	$24.8M
BEPBrookfield Renewable Energy	2.0%	2.0%	422,025	-26.3%	$20.8M
FSVFirstservice Corp New Sub Vtg	1.3%	1.0%	66,993	+3.6%	$13.5M
GOOGLAlphabet Inc	1.2%	1.0%	33,228	+0.0%	$11.9M
UNHUnitedhealth Group Inc Com	0.9%	0.7%	22,589	+0.2%	$9.4M
JJacobs Solutions Inc	0.9%	0.7%	72,023	+35.5%	$9.1M
VVisa Inc Com Cl A	0.9%	0.7%	25,560	+10.1%	$8.8M
TMOThermo Fisher Scientific Inc	0.8%	0.8%	16,787	+16.4%	$8.4M
USBUS Bancorp Del	0.8%	0.8%	139,095	+0.3%	$8.4M
MSFTMicrosoft Corp	0.8%	0.9%	22,093	+0.4%	$8.2M
CSCOCisco Sys Inc	0.8%	1.2%	69,320	-52.0%	$8.1M
AMTAmerican Tower Corp	0.8%	0.8%	47,493	+14.4%	$7.8M
DEODiageo plc	0.8%	0.9%	95,951	-16.5%	$7.7M
BACBank of Amer Corp	0.7%	0.7%	133,646	+0.6%	$7.6M
CIGIColliers International Group Inc.	0.7%	0.6%	54,765	+4.1%	$7.3M
PFEPfizer Inc	0.7%	1.2%	302,092	-24.7%	$7.3M
INGIng Groep N.v.	0.6%	0.6%	209,457	-4.1%	$6.6M
JPMJpmorgan Chase & Co	0.6%	0.6%	18,711	+1.4%	$6.1M
RMRRmr Group Inc	0.6%	0.5%	290,000	+0.0%	$6.0M
MSMorgan Stanley Com New	0.6%	0.5%	27,805	-1.7%	$5.8M
HDHome Depot Inc Com	0.6%	0.5%	15,878	+20.1%	$5.6M
BGSIBoyd Group Svcs Inc.	0.5%	—	41,310	—	$5.5M
CCitigroup Inc Com New	0.5%	0.5%	36,613	-13.4%	$5.1M
EOGEog Res Inc	0.5%	0.6%	39,024	+0.2%	$5.1M
COSTCostco Whsl Corp New	0.5%	0.6%	5,345	+0.9%	$5.0M
DISDisney Walt Co	0.5%	—	51,540	—	$5.0M
WMTWalmart Inc	0.5%	0.6%	43,169	-1.6%	$4.9M
VZVerizon Communications Inc Com	0.5%	1.0%	108,554	-41.6%	$4.6M
FRTFederal Rlty Invt Tr New	0.4%	0.4%	36,888	+0.0%	$4.6M
GILGildan Activewear Inc	0.4%	—	59,218	—	$4.3M
EQIXEquinix Inc	0.4%	0.4%	3,971	+0.0%	$4.1M
TRNOTerreno Rlty Corp	0.4%	0.4%	63,499	+0.0%	$4.1M
WELLWelltower Inc	0.4%	—	17,970	—	$4.1M
TSCOTractor Supply Co	0.4%	—	128,430	—	$4.1M

What MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +35.3% /yr; S&P 500 +20.1%
3 years: +18.6% /yr; S&P 500 +20.4%
5 years: +8.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.0B	68
Q1 2026	$938.9M	70
Q4 2025	$1.2B	71
Q3 2025	$898.3M	69
Q2 2025	$905.4M	77
Q1 2025	$787.1M	72
Q4 2024	$826.1M	73
Q3 2024	$916.9M	72
Q2 2024	$823.4M	72
Q1 2024	$842.9M	73
Q4 2023	$824.0M	75
Q3 2023	$826.7M	72

Questions about MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's portfolio

What stocks does MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd own?

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's latest 13F, for Q2 2026 and filed Jul 24, 2026, lists 68 positions worth $1.0B. The largest are Royal Bank of Canada (RY) at 9.2%, Toronto Dominion Bank (TD) at 8.9%, Tc Energy Corp (TRP) at 5.6%, Bank Nova Scotia B C (BNS) at 5.6% and Canadian Natl Ry Co (CNI) at 5.4%.

What did MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd buy last quarter?

In Q2 2026, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd added Jacobs Solutions Inc (J) (+35.5% shares), Cgi Inc (GIB) (+20.3% shares) and Home Depot Inc Com (HD) (+20.1% shares), compared with its Q1 2026 filing.

What did MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd sell last quarter?

In Q2 2026, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd cut from its top 50 Pembina Pipeline Corp (PBA), cut from its top 50 Granite Real Estate Investment trust (GRTUF), cut from its top 50 Sap SE (SAPGF), cut from its top 50 Corning Inc. (GLW), cut from its top 50 Sanofi SA, Cisco Sys Inc (CSCO) (-52.0% shares), Verizon Communications Inc Com (VZ) (-41.6% shares) and Brookfield Corp (BN) (-36.0% shares), compared with its Q1 2026 filing.

How has MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's portfolio performed?

A portfolio copying MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +35.3% against +20.1%. Over 5 years: +8.5% a year against +11.6%.

When is MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's next 13F filing due?

13F filings are due 45 days after each quarter ends. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.