Mackenzie Financial Portfolio holdings
Mackenzie Investments is a Canadian asset manager founded in 1967 by Alex Christ, whose first mutual fund, the Industrial Growth Fund, was later renamed the Mackenzie Growth Fund. Its money is managed by independent in-house teams, each with its own investment approach, some using fundamental analysis and others computer-driven models. Their work spans equities, alternatives, currency and multi-asset strategies. Investors Group acquired Mackenzie in 2001 to create IGM Financial, a subsidiary of Power Corporation. Beyond its Canadian mutual funds and ETFs, Mackenzie manages money for pension plans and charities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$222M |
| 2 |
NVIDIA
NVDA
|
+$198M |
| 3 |
Waters Corp
WAT
|
+$158M |
| 4 |
Celestica
CLS
|
+$141M |
| 5 |
ServiceNow
NOW
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$216M |
| 2 |
Toronto Dominion Bank
TD
|
+$197M |
| 3 |
Mastercard
MA
|
+$178M |
| 4 |
Canadian Imperial Bank of Commerce
CM
|
+$168M |
| 5 |
Alamos Gold
AGI
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.66% |
| 2 | Financials | 19.59% |
| 3 | Energy | 9.25% |
| 4 | Industrials | 8.99% |
| 5 | Materials | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
401
Willis Towers Watson
WTW
$30.8B
| $24.1M | 0.03% |
83,629
-6,573
| -7% | -$2.08M |
2023 Q1
14 quarters
|
|
402
American Express
AXP
$217B
| $24M | 0.03% |
78,816
+854
| +1% | +$285K |
2016 Q2
41 quarters
|
|
403
Spotify
SPOT
$125B
| $23.9M | 0.03% |
49,007
+9,985
| +26% | +$5.08M |
2023 Q2
13 quarters
|
|
404
Advanced Drainage Systems
WMS
$9.5B
| $23.7M | 0.03% |
187,427
+11,548
| +7% | +$1.61M |
2025 Q1
6 quarters
|
|
405
PNC Financial Services
PNC
$92.2B
| $23.7M | 0.03% |
106,801
+13,388
| +14% | +$3.28M |
2017 Q4
35 quarters
|
|
406
Airbnb
ABNB
$106B
| $23.7M | 0.03% |
147,752
-538
| -0.4% | -$88.2K |
2021 Q1
22 quarters
|
|
407
VeriSign
VRSN
$28.2B
| $23.4M | 0.03% |
83,059
-34,377
| -29% | -$9.8M |
2017 Q4
35 quarters
|
|
408
iShares ESG Advanced MSCI USA ETF
USXF
$1.41B
| $23.3M | 0.03% |
342,863
+5,311
| +2% | +$360K |
2021 Q4
19 quarters
|
|
409
DocuSign
DOCU
$15B
| $23.3M | 0.03% |
346,374
+104,109
| +43% | +$6.19M |
2023 Q3
12 quarters
|
|
410
Nucor
NUE
$58.8B
| $23.2M | 0.03% |
99,407
+20,896
| +27% | +$5.22M |
2018 Q3
32 quarters
|
|
411
Vivmark Residential
VMRK
$50.1B
| $23.1M | 0.03% |
380,505
+166,993
| +78% | +$11M |
2017 Q2
37 quarters
|
|
412
US Bancorp
USB
$94.6B
| $22.8M | 0.02% |
395,481
+679
| +0.2% | +$42.4K |
2013 Q2
53 quarters
|
|
413
Plains GP Holdings
PAGP
$5.13B
| $22.8M | 0.02% |
879,003
-56,465
| -6% | -$1.49M |
2017 Q1
38 quarters
|
|
414
Natera
NTRA
$46.4B
| $22.7M | 0.02% |
54,942
+1,826
| +3% | +$574K |
2024 Q2
9 quarters
|
|
415
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $22.7M | 0.02% |
382,423
+23,525
| +7% | +$1.4M |
2020 Q2
25 quarters
|
|
416
H&R Block
HRB
$6.2B
| $22.7M | 0.02% |
555,212
+246,845
| +80% | +$11.2M |
2022 Q2
17 quarters
|
|
417
Dolby
DLB
$6.06B
| $22.7M | 0.02% |
385,721
-27,695
| -7% | -$1.59M |
2018 Q1
34 quarters
|
|
418
Lincoln National
LNC
$8.1B
| $22.6M | 0.02% |
+561,937
| New | +$24M |
2026 Q3
0 quarters
|
|
419
Alexandria Real Estate Equities
ARE
$7.85B
| $22.6M | 0.02% |
476,518
+6,235
| +1% | +$316K |
2018 Q2
33 quarters
|
|
420
Vale
VALE
$49.3B
| $22.6M | 0.02% |
1,685,174
+286,570
| +20% | +$4.17M |
2022 Q1
18 quarters
|
|
421
Nike
NKE
$56.9B
| $22.4M | 0.02% |
632,484
-385,857
| -38% | -$15.5M |
2013 Q2
53 quarters
|
|
422
Universal Display
OLED
$4.08B
| $22.3M | 0.02% |
289,524
+33,619
| +13% | +$2.76M |
2025 Q4
3 quarters
|
|
423
Targa Resources
TRGP
$62.6B
| $22M | 0.02% |
81,304
+2,085
| +3% | +$584K |
2020 Q4
23 quarters
|
|
424
Humana
HUM
$53.6B
| $21.9M | 0.02% |
57,270
-9,939
| -15% | -$3.86M |
2013 Q2
53 quarters
|
|
425
Edwards Lifesciences
EW
$60.8B
| $21.8M | 0.02% |
251,985
-12,772
| -5% | -$1.14M |
2016 Q4
39 quarters
|
|
Similar funds
Mackenzie Financial's Q3 2026 Portfolio in Review
As of Q3 2026, Mackenzie Financial held 1,697 positions worth $91.6B, down 8.4% from $100B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Mackenzie Financial's Q3 2026 filing shows 143 new, 750 increased, 568 reduced and 180 closed positions. Its largest new stake was Global E Online: 726,763 shares worth $28.9M. The largest sale was Royal Bank of Canada, an estimated $216M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 19% a quarter earlier, followed by Financials and Energy.
- Mackenzie Financial's largest Q3 2026 buy was Global E Online: 726,763 shares worth $28.9M.
- Mackenzie Financial added most to Microsoft in Q3 2026, an estimated $222M increase.
- Mackenzie Financial's biggest Q3 2026 reduction was Royal Bank of Canada, cutting an estimated $216M.
- Mackenzie Financial fully exited Invesco QQQ Trust in Q3 2026, selling an estimated $74.2M.
- Mackenzie Financial's ten largest holdings make up 27% of its $91.6B portfolio in Q3 2026.
- Mackenzie Financial opened 143 new positions and closed 180 in Q3 2026.
- Mackenzie Financial's portfolio value fell 8.4% quarter-over-quarter to $91.6B.
Based on Mackenzie Financial's 13F filing for Q3 2026, filed 2 Nov 2026.