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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
+5.1%
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
$84.4B
AUM Growth
+$1.88B
Cap. Flow
-$1.23B
Cap. Flow %
-1.46%
Top 10 Hldgs %
26.68%
Holding
1,838
New
139
Increased
801
Reduced
650
Closed
172
Avg Time Held Equity + Options
15.7 quarters
Top 10 Avg Time Held Equity + Options
15.2 quarters
Top 20 Avg Time Held Equity + Options
12.9 quarters
Avg Time Held Equity only
15.8 quarters
Top 10 Avg Time Held Equity only
15.2 quarters
Top 20 Avg Time Held Equity only
12.9 quarters

Top Buys

Rank Stock Value
1
CM icon
Canadian Imperial Bank of Commerce
CM
+$379M
2
BGSI icon
Boyd Group Services
BGSI
+$328M
3
B icon
Barrick Mining
B
+$295M
4
LLY icon
Eli Lilly
LLY
+$220M
5
JNJ icon
Johnson & Johnson
JNJ
+$159M

Top Sells

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$342M
2
MRSH icon
Marsh
MRSH
+$266M
3
ADP icon
Automatic Data Processing
ADP
+$234M
4
MSFT icon
Microsoft
MSFT
+$202M
5
SLF icon
Sun Life Financial
SLF
+$173M

Sector Composition

Rank Sector Weight
1 Financials 21.65%
2 Technology 21.47%
3 Industrials 9.42%
4 Materials 9.04%
5 Healthcare 7.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
RY icon
1
Royal Bank of Canada
RY
$266B
$3.6B 4.26%
21,016,911
-601,511
-3% -$92.4M
2016 Q2
38 quarters
MSFT icon
2
Microsoft
MSFT
$3.97T
$2.69B 3.19%
5,529,671
-404,070
-7% -$202M
2013 Q2
50 quarters
AAPL icon
3
Apple
AAPL
$4.91T
$2.51B 2.97%
9,203,899
+143,225
+2% +$38.4M
2013 Q2
50 quarters
NVDA icon
4
NVIDIA
NVDA
$5.54T
$2.49B 2.95%
13,294,243
+233,572
+2% +$43.5M
2017 Q2
34 quarters
TD icon
5
Toronto Dominion Bank
TD
$188B
$2.42B 2.86%
25,536,772
-40,974
-0.2% -$3.46M
2016 Q2
38 quarters
SPY icon
6
State Street SPDR S&P 500 ETF Trust
SPY
$833B
$2.15B 2.55%
3,139,015
+50,104
+2% +$33.9M
2014 Q3
45 quarters
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.3T
$2B 2.37%
6,386,637
-232,886
-4% -$66.5M
2015 Q4
40 quarters
SHOP icon
8
Shopify
SHOP
$220B
$1.63B 1.93%
9,961,097
+827,643
+9% +$133M
2018 Q4
28 quarters
AMZN icon
9
Amazon
AMZN
$2.83T
$1.55B 1.84%
6,695,174
-560,815
-8% -$128M
2013 Q2
50 quarters
AEM icon
10
Agnico Eagle Mines
AEM
$95.7B
$1.49B 1.76%
8,687,624
+332,797
+4% +$55.9M
2016 Q2
38 quarters
BMO icon
11
Bank of Montreal
BMO
$113B
$1.21B 1.43%
9,293,270
-223,045
-2% -$28.2M
2016 Q2
38 quarters
CP icon
12
Canadian Pacific Kansas City
CP
$74.2B
$1.19B 1.41%
16,071,058
-271,344
-2% -$20M
2013 Q2
50 quarters
BN icon
13
Brookfield
BN
$82.8B
$1.1B 1.3%
23,841,723
-351,851
-1% -$16M
2013 Q2
50 quarters
CNQ icon
14
Canadian Natural Resources
CNQ
$102B
$1.05B 1.24%
30,927,340
-91,849
-0.3% -$2.98M
2016 Q2
38 quarters
MFC icon
15
Manulife Financial
MFC
$70.2B
$1.04B 1.23%
28,550,943
+728,643
+3% +$24.7M
2016 Q2
38 quarters
WCN icon
16
Waste Connections
WCN
$38.4B
$1,000M 1.18%
5,619,426
-516,792
-8% -$89.3M
2013 Q2
50 quarters
CM icon
17
Canadian Imperial Bank of Commerce
CM
$99.1B
$986M 1.17%
10,800,606
+4,419,968
+69% +$379M
2016 Q2
38 quarters
META icon
18
Meta Platforms (Facebook)
META
$1.83T
$957M 1.13%
1,439,531
+67,255
+5% +$44.9M
2013 Q2
50 quarters
JNJ icon
19
Johnson & Johnson
JNJ
$630B
$919M 1.09%
4,448,059
+806,141
+22% +$159M
2013 Q2
50 quarters
B icon
20
Barrick Mining
B
$67.6B
$909M 1.08%
20,591,745
+7,870,411
+62% +$295M
2016 Q2
38 quarters
CNI icon
21
Canadian National Railway
CNI
$71.2B
$882M 1.04%
8,894,923
+268,776
+3% +$25.8M
2016 Q2
38 quarters
ENB icon
22
Enbridge
ENB
$104B
$871M 1.03%
18,163,267
+844,594
+5% +$40.3M
2016 Q2
38 quarters
AVGO icon
23
Broadcom
AVGO
$1.73T
$857M 1.01%
2,453,194
-124,081
-5% -$44.4M
2018 Q2
30 quarters
JPM icon
24
JPMorgan Chase
JPM
$885B
$818M 0.97%
2,533,666
-32,433
-1% -$10M
2013 Q2
50 quarters
TRP icon
25
TC Energy
TRP
$62.6B
$752M 0.89%
13,418,206
+66,344
+0.5% +$3.54M
2019 Q2
26 quarters
1
2 3 4 5

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Mackenzie Financial's Q4 2025 Portfolio in Review

As of Q4 2025, Mackenzie Financial held 1,838 positions worth $84.4B, up 2.3% from $82.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Mackenzie Financial's Q4 2025 filing shows 139 new, 801 increased, 650 reduced and 172 closed positions. Its largest new stake was Boyd Group Services: 2,050,220 shares worth $328M. The largest sale was Scotiabank, an estimated $342M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Industrials.

  • Mackenzie Financial's largest Q4 2025 buy was Boyd Group Services: 2,050,220 shares worth $328M.
  • Mackenzie Financial added most to Canadian Imperial Bank of Commerce in Q4 2025, an estimated $379M increase.
  • Mackenzie Financial's biggest Q4 2025 reduction was Scotiabank, cutting an estimated $342M.
  • Mackenzie Financial fully exited Novo Nordisk in Q4 2025, selling an estimated $16.1M.
  • Mackenzie Financial's ten largest holdings make up 27% of its $84.4B portfolio in Q4 2025.
  • Mackenzie Financial opened 139 new positions and closed 172 in Q4 2025.
  • Mackenzie Financial's portfolio value rose 2.3% quarter-over-quarter to $84.4B.

Based on Mackenzie Financial's 13F filing for Q4 2025, filed 18 Feb 2026.