2026 Q3 Portfolio Activity
In 2026 Q3, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd maintained a portfolio of 70 distinct positions. The most significant new addition was PEMBINA PIPELINE CORP COM, now representing 4.78% of the total fund value. They heavily accumulated shares in DESCARTES SYSTEMS GROUP, increasing the position by 34.8%. The fund also reduced its exposure to RESTAURANT BRANDS INTL INC. by 20.3%.
Position History
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Total Positions
70
Quarter
2026 Q3
Top Holding
RY (8.5%)
Top 10 Concentration
52.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 70
MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Full Holdings List — 2026 Q3
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
RY
ROYAL BANK OF C...
|
Financial Services | 8.52% | 9.21% |
#1
Prev: #1
|
5.9 |
—
|
-7,988 | -2.5% |
P
S
|
311,515 | $87,206 | 2007 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
TD
TORONTO DOMINIO...
|
Financial Services | 8.31% | 8.92% |
#2
Prev: #2
|
5.3 |
—
|
-18,353 | -3.5% |
P
S
|
508,524 | $85,091 | 2006 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
BNS
BANK NOVA SCOTI...
|
Financial Services | 5.62% | 5.55% |
#3
1
Prev: #4
|
3.7 |
—
|
-14,599 | -3.2% |
P
S
|
444,227 | $57,487 | 2006 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
CNI
CANADIAN NATL R...
|
Industrials | 5.12% | 5.38% |
#4
1
Prev: #5
|
3.0 |
—
|
-14,934 | -4.6% |
P
S
|
309,176 | $52,374 | 2008 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
PBA
PEMBINA PIPELIN...
|
Energy | 4.78% | — |
#5
Prev: #—
|
5.9 |
—
|
769,436 | — |
NEW
|
769,436 | $48,882 | 2021 Q3 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
TRP
TC ENERGY CORP.
|
Energy | 4.75% | 5.59% |
#6
3
Prev: #3
|
2.4 |
—
|
-16,392 | -2.7% |
P
S
|
589,585 | $48,576 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
BCE
BCE INC
|
Communication Services | 3.98% | 4.34% |
#7
1
Prev: #6
|
2.1 |
—
|
-39,972 | -2.8% |
P
S
|
1,405,791 | $40,726 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
GIB
CGI INC
|
Technology | 3.85% | 3.76% |
#8
1
Prev: #7
|
2.0 |
—
|
-9,729 | -2.3% |
P
S
|
407,740 | $39,449 | 2021 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
SU
SUNCOR ENERGY I...
|
Energy | 3.76% | 3.06% |
#9
3
Prev: #12
|
2.0 |
—
|
-10,381 | -2.5% |
P
S
|
398,378 | $38,443 | 2009 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
CNQ
CANADIAN NAT RE...
|
Energy | 3.56% | 3.07% |
#10
1
Prev: #11
|
1.9 |
—
|
-13,125 | -2.4% |
P
S
|
544,770 | $36,461 | 2007 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
BIP
BROOKFIELD INFR...
|
Bond/Debt | 3.19% | 3.37% |
#11
1
Prev: #10
|
1.8 |
—
|
-18,488 | -2.8% |
P
S
|
644,198 | $32,629 | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
CM
CANADIAN IMPERI...
|
Financial Services | 3.14% | 3.53% |
#12
3
Prev: #9
|
1.8 |
—
|
-15,306 | -7.0% |
P
S
|
204,833 | $32,103 | 2006 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
NTR
NUTRIEN LTD.
|
Basic Materials | 3.04% | 2.81% |
#13
1
Prev: #14
|
1.7 |
—
|
-8,888 | -2.8% |
P
S
|
311,425 | $31,124 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
QSR
RESTAURANT BRAN...
|
Consumer Cyclical | 2.82% | 3.61% |
#14
6
Prev: #8
|
1.1 |
—
|
-72,679 | -20.3% |
P
S
|
284,829 | $28,845 | 2020 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
MFC
MANULIFE FINL C...
|
Financial Services | 2.76% | 2.71% |
#15
Prev: #15
|
1.6 |
—
|
-13,064 | -2.7% |
P
S
|
466,039 | $28,261 | 2006 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
MGA
MAGNA INTL INC
|
Consumer Cyclical | 2.31% | 2.44% |
#16
1
Prev: #17
|
1.4 |
—
|
-6,080 | -2.3% |
P
S
|
260,240 | $23,593 | 2006 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
TU
TELUS CORP.
|
Communication Services | 2.22% | 2.87% |
#17
4
Prev: #13
|
1.4 |
—
|
-54,295 | -2.8% |
P
S
|
1,897,228 | $22,672 | 2021 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
BN
BROOKFIELD CORP
|
Financial Services | 2.18% | 2.61% |
#18
2
Prev: #16
|
1.4 |
—
|
-9,154 | -2.1% |
P
S
|
430,620 | $22,358 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
BEP
BROOKFIELD RENE...
|
Utilities | 1.60% | 2.04% |
#19
1
Prev: #18
|
1.1 |
—
|
-14,514 | -3.4% |
P
S
|
407,511 | $16,333 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
FSV
FIRST SERVICE C...
|
Real Estate | 1.19% | 1.33% |
#20
1
Prev: #19
|
1.0 |
—
|
-244 | -0.4% |
P
S
|
66,749 | $12,162 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
GOOGL
ALPHABET INC.
|
Communication Services | 1.08% | 1.17% |
#21
1
Prev: #20
|
0.9 |
—
|
-955 | -2.9% |
P
S
|
32,273 | $11,104 | 2020 Q3 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
MSFT
MICROSOFT CORP.
|
Technology | 1.08% | 0.81% |
#22
4
Prev: #26
|
0.9 |
—
|
-634 | -2.9% |
P
S
|
21,459 | $11,006 | 2006 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
J
JACOBS SOLUTION...
|
Industrials | 0.93% | 0.89% |
#23
1
Prev: #22
|
0.9 |
—
|
-1,843 | -2.6% |
P
S
|
70,180 | $9,493 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
TMO
THERMO FISHER
|
Healthcare | 0.92% | 0.83% |
#24
Prev: #24
|
0.9 |
—
|
-2,793 | -16.6% |
P
S
|
13,994 | $9,447 | 2009 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
V
VISA INC
|
Financial Services | 0.88% | 0.86% |
#25
2
Prev: #23
|
0.9 |
—
|
-637 | -2.5% |
P
S
|
24,923 | $8,956 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 0.79% | 0.92% |
#26
5
Prev: #21
|
0.8 |
—
|
-634 | -2.8% |
P
S
|
21,955 | $8,059 | 2023 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
DEO
DIAGEO PLC-SPON...
|
Consumer Defensive | 0.79% | 0.76% |
#27
2
Prev: #29
|
0.8 |
—
|
-2,079 | -2.2% |
P
S
|
93,872 | $8,035 | 2009 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
PFE
PFIZER INC
|
Healthcare | 0.77% | 0.71% |
#28
4
Prev: #32
|
0.8 |
—
|
-27,103 | -9.0% |
P
S
|
274,989 | $7,843 | 2006 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
USB
US BANCORP
|
Financial Services | 0.76% | 0.82% |
#29
4
Prev: #25
|
0.8 |
—
|
-3,992 | -2.9% |
P
S
|
135,103 | $7,804 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
CIGI
COLLIERS INTL G...
|
Real Estate | 0.72% | 0.72% |
#30
1
Prev: #31
|
2.3 |
—
|
2,900 | 5.3% |
P
S
|
57,665 | $7,356 | 2019 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
CSCO
CISCO SYSTEMS I...
|
Technology | 0.71% | 0.80% |
#31
4
Prev: #27
|
0.8 |
—
|
-1,866 | -2.7% |
P
S
|
67,454 | $7,260 | 2008 Q3 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
ING
ING GROEP N V
|
Financial Services | 0.71% | 0.65% |
#32
1
Prev: #33
|
0.8 |
—
|
-5,709 | -2.7% |
P
S
|
203,748 | $7,233 | 2006 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
BAC
BANK OF AMERICA...
|
Financial Services | 0.69% | 0.75% |
#33
3
Prev: #30
|
0.8 |
—
|
-3,553 | -2.7% |
P
S
|
130,093 | $7,081 | 2006 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
AMT
AMERICAN TOWER ...
|
Real Estate | 0.66% | 0.76% |
#34
6
Prev: #28
|
0.8 |
—
|
-6,040 | -12.7% |
P
S
|
41,453 | $6,785 | 2021 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
JPM
JPMORGAN & CHAS...
|
Financial Services | 0.59% | 0.60% |
#35
1
Prev: #34
|
0.7 |
—
|
-483 | -2.6% |
P
S
|
18,228 | $6,030 | 2006 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
DSGX
DESCARTES SYSTE...
|
Technology | 0.52% | 0.33% |
#36
18
Prev: #54
|
2.7 |
—
|
11,884 | 34.8% |
P
S
|
45,998 | $5,295 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
DIS
DISNEY WALT CO
|
Communication Services | 0.51% | 0.49% |
#37
5
Prev: #42
|
0.7 |
—
|
-1,324 | -2.6% |
P
S
|
50,216 | $5,268 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
RMR
RMR GROUP INC.
|
Real Estate | 0.51% | 0.58% |
#38
3
Prev: #35
|
1.2 |
—
|
no change | no change |
P
S
|
290,000 | $5,243 | 2021 Q3 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
EOG
EOG RESOURCES
|
Energy | 0.51% | 0.50% |
#39
1
Prev: #40
|
0.7 |
—
|
-1,119 | -2.9% |
P
S
|
37,905 | $5,222 | 2019 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
WMT
WALMART INC
|
Consumer Defensive | 0.51% | 0.48% |
#40
3
Prev: #43
|
2.2 |
—
|
6,775 | 15.7% |
P
S
|
49,944 | $5,190 | 2011 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
MS
MORGAN STANLEY
|
Financial Services | 0.49% | 0.57% |
#41
5
Prev: #36
|
0.7 |
—
|
-961 | -3.5% |
P
S
|
26,844 | $5,049 | 2011 Q3 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
VZ
VERIZON COMMUNI...
|
Communication Services | 0.47% | 0.45% |
#42
2
Prev: #44
|
0.7 |
—
|
-3,003 | -2.8% |
P
S
|
105,551 | $4,842 | 2006 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
COST
COSTCO WHOLESAL...
|
Consumer Defensive | 0.46% | 0.49% |
#43
2
Prev: #41
|
0.7 |
—
|
-136 | -2.5% |
P
S
|
5,209 | $4,742 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
SHEL
SHELL PLC
|
Energy | 0.46% | 0.39% |
#44
7
Prev: #51
|
0.7 |
—
|
-1,180 | -2.3% |
P
S
|
49,772 | $4,731 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
TRNO
TERRENO REALTY ...
|
Real Estate | 0.46% | 0.40% |
#45
3
Prev: #48
|
2.2 |
—
|
9,631 | 15.2% |
P
S
|
73,130 | $4,721 | 2015 Q3 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
BYDGF
BOYD GROUP SERV...
|
Unknown | 0.46% | 0.54% |
#46
8
Prev: #38
|
0.7 |
—
|
528 | 1.3% |
P
S
|
41,838 | $4,673 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
C
CITIGROUP INC.
|
Financial Services | 0.45% | 0.50% |
#47
8
Prev: #39
|
0.7 |
—
|
-1,251 | -3.4% |
P
S
|
35,362 | $4,579 | 2013 Q2 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
HD
HOME DEPOT
|
Consumer Cyclical | 0.44% | 0.55% |
#48
11
Prev: #37
|
0.7 |
—
|
-215 | -1.4% |
P
S
|
15,663 | $4,456 | 2023 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
EQIX
EQUINIX INC.
|
Real Estate | 0.40% | 0.41% |
#49
2
Prev: #47
|
0.7 |
—
|
50 | 1.3% |
P
S
|
4,021 | $4,068 | 2019 Q1 | 13F Filing | 2026-09-30 | 2026-10-28 | |||
|
AHR
AMERICAN HEALTH...
|
Real Estate | 0.38% | 0.28% |
#50
8
Prev: #58
|
2.7 |
—
|
21,638 | 39.5% |
P
S
|
76,435 | $3,918 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-10-28 |
Showing 1-50 of 70 holdings