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Mackenzie Financial

Mackenzie Financial Portfolio holdings

AUM $100B
1-Year Est. Return 36.93%
This Fund
S&P 500
This Quarter Est. Return
+11.13%
1 Year Est. Return
+36.93%
3 Year Est. Return
+93.95%
5 Year Est. Return
+113.13%
10 Year Est. Return
+336.84%
AUM
$77.2B
AUM Growth
+$6.86B
Cap. Flow
+$436M
Cap. Flow %
0.56%
Top 10 Hldgs %
23.5%
Holding
1,822
New
156
Increased
763
Reduced
547
Closed
123

Top Buys

Rank Stock Value
1
MRSH
Marsh
MRSH
+$351M
2
NVDA icon
NVIDIA
NVDA
+$298M
3
EMA
Emera Inc
EMA
+$231M
4
AMZN icon
Amazon
AMZN
+$177M
5
FSV icon
FirstService
FSV
+$128M

Top Sells

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$239M
2
AON icon
Aon
AON
+$236M
3
QSR icon
Restaurant Brands International
QSR
+$199M
4
ACN icon
Accenture
ACN
+$136M
5
ORCL icon
Oracle
ORCL
+$126M

Sector Composition

Rank Sector Weight
1 Financials 22.09%
2 Technology 21.8%
3 Industrials 11.13%
4 Healthcare 8.33%
5 Energy 7.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RY icon
1
Royal Bank of Canada
RY
$294B
$2.95B 3.82%
22,385,915
-812,765
-4% -$99.4M
MSFT icon
2
Microsoft
MSFT
$3.79T
$2.82B 3.65%
5,661,415
+237,160
+4% +$103M
TD icon
3
Toronto Dominion Bank
TD
$202B
$2.05B 2.65%
27,831,745
-1,420,991
-5% -$92.7M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$818B
$1.99B 2.57%
3,212,981
+8,327
+0.3% +$4.76M
AAPL icon
5
Apple
AAPL
$4.79T
$1.78B 2.31%
8,690,470
-47,549
-0.5% -$9.6M
NVDA icon
6
NVIDIA
NVDA
$5.52T
$1.65B 2.13%
10,418,590
+2,366,225
+29% +$298M
AMZN icon
7
Amazon
AMZN
$2.79T
$1.41B 1.82%
6,415,852
+896,768
+16% +$177M
CP icon
8
Canadian Pacific Kansas City
CP
$80.3B
$1.31B 1.7%
16,498,767
+150,963
+0.9% +$11.6M
BMO icon
9
Bank of Montreal
BMO
$123B
$1.11B 1.44%
10,051,692
-117,641
-1% -$11.9M
SHOP icon
10
Shopify
SHOP
$188B
$1.07B 1.39%
9,291,485
+642,751
+7% +$64.3M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.19T
$1.07B 1.38%
6,043,314
+349,987
+6% +$57.3M
AEM icon
12
Agnico Eagle Mines
AEM
$105B
$1.05B 1.36%
8,778,276
+160,650
+2% +$18.6M
BN icon
13
Brookfield
BN
$90.2B
$1.01B 1.31%
24,478,884
+374,869
+2% +$13.9M
CNQ icon
14
Canadian Natural Resources
CNQ
$105B
$1B 1.3%
31,802,712
-1,297,528
-4% -$39.3M
WCN
15
Waste Connections
WCN
$42B
$975M 1.26%
5,217,973
+642,426
+14% +$124M
CNI icon
16
Canadian National Railway
CNI
$74.5B
$896M 1.16%
8,590,209
+18,403
+0.2% +$1.87M
META icon
17
Meta Platforms (Facebook)
META
$1.56T
$895M 1.16%
1,212,325
+47,651
+4% +$29.4M
BNS icon
18
Scotiabank
BNS
$115B
$838M 1.09%
15,143,129
-14,983
-0.1% -$763K
ENB icon
19
Enbridge
ENB
$110B
$794M 1.03%
17,494,433
-807,402
-4% -$36.6M
JPM icon
20
JPMorgan Chase
JPM
$962B
$735M 0.95%
2,535,489
-65,162
-3% -$16.6M
SLF icon
21
Sun Life Financial
SLF
$45B
$730M 0.95%
10,957,260
-1,145,152
-9% -$70.2M
MFC icon
22
Manulife Financial
MFC
$73.9B
$709M 0.92%
22,150,661
-2,518,924
-10% -$77.6M
STN icon
23
Stantec
STN
$8.21B
$671M 0.87%
6,166,496
-770,112
-11% -$74.1M
PM icon
24
Philip Morris
PM
$290B
$653M 0.85%
3,585,002
+1,099
+0% +$189K
AVGO icon
25
Broadcom
AVGO
$1.7T
$648M 0.84%
2,351,794
+83,818
+4% +$18.2M
1
2 3 4 5

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Mackenzie Financial's Q2 2025 Portfolio in Review

As of Q2 2025, Mackenzie Financial held 1,822 positions worth $77.2B, up 9.7% from $70.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Mackenzie Financial's Q2 2025 filing shows 156 new, 763 increased, 547 reduced and 123 closed positions. Its largest new stake was Emera Inc: 5,154,300 shares worth $236M. The largest sale was Thermo Fisher Scientific, an estimated $239M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 22% a quarter earlier, followed by Technology and Industrials.

  • Mackenzie Financial's largest Q2 2025 buy was Emera Inc: 5,154,300 shares worth $236M.
  • Mackenzie Financial added most to Marsh in Q2 2025, an estimated $351M increase.
  • Mackenzie Financial's biggest Q2 2025 reduction was Thermo Fisher Scientific, cutting an estimated $239M.
  • Mackenzie Financial fully exited Dick's Sporting Goods in Q2 2025, selling an estimated $17.9M.
  • Mackenzie Financial's ten largest holdings make up 23% of its $77.2B portfolio in Q2 2025.
  • Mackenzie Financial opened 156 new positions and closed 123 in Q2 2025.
  • Mackenzie Financial's portfolio value rose 9.7% quarter-over-quarter to $77.2B.

Based on Mackenzie Financial's 13F filing for Q2 2025, filed 13 Aug 2025.