Morguard Lincluden Global Investments portfolio
Concentrated managerType not verifiedPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 28, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Morguard Lincluden Global Investments reported a $1.0 bn portfolio of 66 positions to the SEC as of the end of Q3 2026. Its largest positions are RY, TD, BNS. During the quarter it opened Pembina Pipeline.
Sections with a free account
What changed this quarter
62 positions with a change (2 new, 10 added to, 47 trimmed, 3 sold). 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Pembina Pipeline+4.8 ppof portfolioNew— → 4.8%
- Restaurant Brands International−20%fewer sharesReduced3.6% → 2.8%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Royal Bank of CanadaRY8.5%
- Toronto Dominion BankTD8.3%
- Bank of Nova ScotiaBNS5.6%
- Canadian National RailwayCNI5.1%
- Pembina PipelinePBA4.8%
- TC EnergyTRP4.8%
- BCEBCE4.0%
- CGIGIB3.9%
- Suncor EnergySU3.8%
- Canadian Natural ResourcesCNQ3.6%
- Brookfield Infrastructure PartnersBIP3.2%
- Canadian Imperial Bank of CommerceCM3.1%
- NutrienNTR3.0%
- Restaurant Brands InternationalQSR2.8%
- Manulife FinancialMFC2.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 35%
- ● Energy 18%
- ● Industrials 10%
- ● Communication Services 9%
- ● Consumer Discretionary 7%
- ● Information Technology 6%
- ● Real Estate 5%
- ● Health Care 3%
- ● Materials 3%
- ● Consumer Staples 2%
- ● Utilities 2%
How its portfolio changed (8 quarters)
Q3 2026: 66
Q3 2026: 52%
Q3 2026: 5.1%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q1 2025 ↗filed May 6, 2025Omitted positions (confidential)
- 13F Q4 2024 ↗filed Feb 4, 2025Omitted positions (confidential)
Declared options (1)
Besides stocks, Morguard Lincluden Global Investments declared 1 put (they gain if the stock falls) with a notional of $2.9M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- PUTGentexGNTX$2.9M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified. It meets the portfolio criteria of a concentrated manager, but its type is not verified: we found no official document that is enough to say what kind of entity it is. It may be an investment firm, but also an adviser adding up client accounts, a bank or a family vehicle. It counts in the tallies like the rest; keep that in mind when reading it. How the type is assigned
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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