MACKENZIE FINANCIAL CORP

TORONTO ONTARIO, A6 · CIK 919859 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 1985 · corporation

Assets managed$194.9bn
Staff1,362 · 107 in investment roles
Main clients (by assets)Private funds 84%, Insurers 15%, Pension plans 1%
Private funds2 · $475.1m gross assets
Main officeToronto, Ontario
Form ADV · 2026-03-30SEC adviser record

Legal entityMackenzie Financial Corporation (CA)

$101.2bn reported value +21.4% vs Q1 2026

1,534positions

27.5%in top 10

282 new 778 added 453 reduced 154 sold out vs Q1 2026

Options: 0 call positions (— notional), 20 put positions ($559.4k notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ROYAL BK CDA COM RY	RY	18,640,712	$5.5bn5.41%	5.41%	Reduced -840.9k	-840,884 -4.3%
2	TORONTO DOMINION BK ONT COM NEW TD	TD	22,892,530	$3.9bn3.90%	3.90%	Reduced -1.2m	-1,221,960 -5.1%
3	NVIDIA CORPORATION COM NVDA	NVDA	14,390,030	$2.9bn2.85%	2.85%	Reduced -61.6k	-61,559 -0.4%
4	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	3,472,617	$2.6bn2.56%	2.56%	Added +39.9k	+39,907 1.2%
5	APPLE INC COM AAPL	AAPL	8,875,771	$2.6bn2.54%	2.54%	Reduced -756.3k	-756,321 -7.8%
6	BANK MONTREAL QUE COM BMO	BMO	8,547,687	$2.1bn2.12%	2.12%	Reduced -34.5k	-34,501 -0.4%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	5,994,206	$2.1bn2.12%	2.12%	Reduced -251.5k	-251,525 -4.0%
8	CANADIAN PACIFIC KANSAS CITY COM CP	CP	17,049,319	$2.1bn2.07%	2.07%	Added +1.4m	+1,423,357 9.1%
9	MICROSOFT CORP COM MSFT	MSFT	5,277,358	$2.0bn1.95%	1.95%	Added +201.8k	+201,785 4.0%
10	AGNICO EAGLE MINES LTD COM AEM	AEM	8,920,911	$2.0bn1.94%	1.94%	Added +77.5k	+77,533 0.9%
11	CANADIAN IMPERIAL BANK OF CO COM CM	CM	10,936,865	$1.8bn1.77%	1.77%	Added +679.9k	+679,858 6.6%
12	MANULIFE FINL CORP COM MFC	MFC	29,507,839	$1.7bn1.68%	1.68%	Reduced -386.2k	-386,209 -1.3%
13	ENBRIDGE INC COM ENB	ENB	21,151,328	$1.6bn1.61%	1.61%	Added +722.0k	+721,959 3.5%
14	CANADIAN NAT RES LTD COM CNQ	CNQ	27,195,960	$1.5bn1.51%	1.51%	Reduced -234.6k	-234,582 -0.9%
15	AMAZON COM INC COM AMZN	AMZN	6,387,767	$1.5bn1.50%	1.50%	Added +535.5k	+535,509 9.2%
16	CANADIAN NATL RY CO COM CNI	CNI	8,939,323	$1.5bn1.50%	1.50%	Added +163.0k	+163,017 1.9%
17	BROOKFIELD CORP CL A LTD VT SH BN	BN	24,936,347	$1.5bn1.48%	1.48%	Added +2.8m	+2,769,610 12.5%
18	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	9,558,174	$1.2bn1.22%	1.22%	Reduced -388.2k	-388,160 -3.9%
19	TC ENERGY CORP COM TRP	TRP	12,194,884	$1.1bn1.13%	1.13%	Reduced -579.9k	-579,948 -4.5%
20	SUNCOR ENERGY INC NEW COM SU	SU	14,106,922	$1.1bn1.06%	1.06%	Reduced -51.1k	-51,073 -0.4%
21	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	8,653,592	$1.1bn1.05%	1.05%	Added +8.2k	+8,238 0.1%
22	BROADCOM INC COM AVGO	AVGO	2,767,511	$1.0bn1.03%	1.03%	Added +204.0k	+203,989 8.0%
23	BARRICK MNG CORP COM SHS B	B	19,831,196	$1.0bn1.02%	1.02%	Added +54.6k	+54,628 0.3%
24	JOHNSON & JOHNSON COM JNJ	JNJ	4,068,333	$1.0bn1.02%	1.02%	Reduced -341.5k	-341,535 -7.7%
25	META PLATFORMS INC CL A META	META	1,553,601	$875.1m0.86%	0.86%	Added +128.1k	+128,074 9.0%
26	CENOVUS ENERGY INC COM CVE	CVE	21,250,409	$747.8m0.74%	0.74%	Reduced -4.2m	-4,228,017 -16.6%
27	WHEATON PRECIOUS METALS CORP COM WPM	WPM	4,685,074	$747.5m0.74%	0.74%	Added +655.1k	+655,092 16.3%
28	JPMORGAN CHASE & CO COM JPM	JPM	2,177,285	$712.7m0.70%	0.70%	Added +193.5k	+193,502 9.8%
29	ELI LILLY & CO COM LLY	LLY	580,460	$696.2m0.69%	0.69%	Added +74.4k	+74,379 14.7%
30	SUN LIFE FINANCIAL INC. COM SLF	SLF	6,244,664	$695.3m0.69%	0.69%	Added +142.1k	+142,127 2.3%
31	LAM RESEARCH CORP COM NEW LRCX	LRCX	1,582,810	$685.9m0.68%	0.68%	Reduced -34.5k	-34,542 -2.1%
32	MICRON TECHNOLOGY INC COM MU	MU	567,565	$655.1m0.65%	0.65%	Added +87.2k	+87,156 18.1%
33	VISA INC COM CL A V	V	1,882,250	$645.8m0.64%	0.64%	Added +376.7k	+376,741 25.0%
34	TECK RESOURCES LTD CL B TECK	TECK	7,280,608	$615.0m0.61%	0.61%	Reduced -1.7m	-1,655,248 -18.5%
35	ISHARES TR CORE US AGGBD ET AGG	AGG	5,736,700	$567.8m0.56%	0.56%	Added +3.0k	+3,000 0.1%
36	APPLIED MATLS INC COM AMAT	AMAT	713,175	$515.6m0.51%	0.51%	Added +71.2k	+71,162 11.1%
37	GILDAN ACTIVEWEAR INC COM GIL	GIL	6,748,764	$493.5m0.49%	0.49%	Added +165.3k	+165,341 2.5%
38	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	7,748,249	$492.9m0.49%	0.49%	Reduced -2.0m	-2,016,939 -20.6%
39	COCA COLA CO COM KO	KO	5,884,312	$478.2m0.47%	0.47%	Added +140.4k	+140,361 2.4%
40	CGI INC CL A SUB VTG GIB	GIB	5,174,015	$474.3m0.47%	0.47%	Reduced -265.7k	-265,743 -4.9%
41	FRANCO NEV CORP COM FNV	FNV	1,595,402	$472.1m0.47%	0.47%	Reduced -849.4k	-849,372 -34.7%
42	PHILIP MORRIS INTL INC COM PM	PM	2,591,092	$468.8m0.46%	0.46%	Added +6.5k	+6,542 0.2%
43	PEMBINA PIPELINE CORP COM PBA	PBA	7,134,199	$468.1m0.46%	0.46%	Reduced -1.1m	-1,147,482 -13.9%
44	CISCO SYS INC COM CSCO	CSCO	3,966,544	$465.9m0.46%	0.46%	Reduced -1.1m	-1,072,917 -21.3%
45	TELUS CORPORATION COM TU	TU	29,719,699	$445.8m0.44%	0.44%	Reduced -3.9m	-3,921,507 -11.7%
46	LINDE PLC SHS LIN	LIN	842,890	$437.4m0.43%	0.43%	Reduced -140.6k	-140,610 -14.3%
47	HUDBAY MINERALS INC COM HBM	HBM	13,031,045	$436.4m0.43%	0.43%	Added +2.3m	+2,257,052 20.9%
48	KINROSS GOLD CORP COM KGC	KGC	12,985,119	$436.0m0.43%	0.43%	Reduced -2.4m	-2,388,236 -15.5%
49	UNITEDHEALTH GROUP INC COM UNH	UNH	1,038,640	$431.7m0.43%	0.43%	Added +549.1k	+549,131 112.2%
50	ABBVIE INC COM ABBV	ABBV	1,707,786	$429.7m0.42%	0.42%	Reduced -357.2k	-357,230 -17.3%
51	MASTERCARD INCORPORATED CL A MA	MA	769,690	$395.3m0.39%	0.39%	Reduced -170.3k	-170,337 -18.1%
52	CELESTICA INC COM CLS	CLS	759,081	$392.6m0.39%	0.39%	Added +220.6k	+220,552 41.0%
53	CATERPILLAR INC COM CAT	CAT	363,903	$387.5m0.38%	0.38%	Reduced -63.0k	-62,981 -14.8%
54	ADVANCED MICRO DEVICES INC COM AMD	AMD	666,172	$387.0m0.38%	0.38%	Added +223.2k	+223,207 50.4%
55	HOME DEPOT INC COM HD	HD	1,094,344	$386.0m0.38%	0.38%	Added +173.2k	+173,181 18.8%
56	FORTIS INC COM FTS	FTS	4,518,242	$367.1m0.36%	0.36%	Reduced -24.4k	-24,357 -0.5%
57	TEXAS INSTRS INC COM TXN	TXN	1,177,208	$350.9m0.35%	0.35%	Added +403.9k	+403,923 52.2%
58	TJX COS INC NEW COM TJX	TJX	2,315,756	$350.8m0.35%	0.35%	Reduced -525.8k	-525,828 -18.5%
59	UNION PAC CORP COM UNP	UNP	1,228,953	$334.3m0.33%	0.33%	Reduced -117.4k	-117,363 -8.7%
60	DUKE ENERGY CORP NEW COM NEW DUK	DUK	2,515,500	$318.4m0.31%	0.31%	Reduced -182.1k	-182,124 -6.8%
61	EXXON MOBIL CORP COM XOM	XOM	2,233,016	$305.3m0.30%	0.30%	Reduced -1.4m	-1,429,130 -39.0%
62	MERCK & CO INC COM MRK	MRK	2,373,431	$305.0m0.30%	0.30%	Reduced -144.0k	-144,004 -5.7%
63	PROCTER AND GAMBLE CO COM PG	PG	2,031,724	$297.9m0.29%	0.29%	Added +5.8k	+5,799 0.3%
64	TESLA INC COM TSLA	TSLA	707,361	$297.5m0.29%	0.29%	Added +163.3k	+163,292 30.0%
65	CORNING INC COM GLW	GLW	1,157,763	$295.7m0.29%	0.29%	Added +515.6k	+515,620 80.3%
66	EMERA INC COM EMA	EMA	3,894,059	$293.0m0.29%	0.29%	Reduced -190.5k	-190,465 -4.7%
67	WILLIAMS COS INC COM WMB	WMB	3,909,415	$290.6m0.29%	0.29%	Reduced -417.9k	-417,852 -9.7%
68	ALPHABET INC CAP STK CL C GOOG	GOOG	807,377	$285.3m0.28%	0.28%	Reduced -7.1k	-7,088 -0.9%
69	PARKER-HANNIFIN CORP COM PH	PH	291,332	$285.0m0.28%	0.28%	Reduced -46.4k	-46,397 -13.7%
70	CAMECO CORP COM CCJ	CCJ	1,959,688	$283.3m0.28%	0.28%	Added +660.8k	+660,771 50.9%
71	CAE INC COM CAE	CAE	7,916,812	$281.1m0.28%	0.28%	Reduced -4.0m	-4,027,289 -33.7%
72	ISHARES TR MSCI EAFE ETF EFA	EFA	2,665,967	$276.9m0.27%	0.27%	Added +139.4k	+139,357 5.5%
73	WALMART INC COM WMT	WMT	2,413,697	$273.4m0.27%	0.27%	Reduced -973.6k	-973,593 -28.7%
74	ALAMOS GOLD INC NEW COM CL A AGI	AGI	6,323,229	$271.9m0.27%	0.27%	Reduced -14.3k	-14,273 -0.2%
75	GILEAD SCIENCES INC COM GILD	GILD	2,033,130	$256.9m0.25%	0.25%	Added +1.0m	+1,015,911 99.9%
76	ISHARES TR IBOXX HI YD ETF HYG	HYG	3,173,717	$253.8m0.25%	0.25%	Added +924.7k	+924,704 41.1%
77	ISHARES TR 20 YR TR BD ETF TLT	TLT	2,913,300	$251.8m0.25%	0.25%	Reduced -284.6k	-284,600 -8.9%
78	KLA CORP COM NEW KLAC	KLAC	803,300	$242.4m0.24%	0.24%	Reduced -48.8k	-48,820 -5.7%
79	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	249,469	$240.7m0.24%	0.24%	Added +69.8k	+69,767 38.8%
80	PHILLIPS 66 COM PSX	PSX	1,410,114	$238.4m0.24%	0.24%	Added +765.4k	+765,404 118.7%
81	AMPHENOL CORP CL A APH	APH	1,345,709	$237.3m0.23%	0.23%	Reduced -130.7k	-130,702 -8.8%
82	BANK AMERICA CORP COM BAC	BAC	4,134,939	$235.6m0.23%	0.23%	Added +140.6k	+140,620 3.5%
83	TFI INTL INC COM TFII	TFII	1,149,794	$234.7m0.23%	0.23%	Added +582.0k	+581,958 102.5%
84	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	467,062	$233.7m0.23%	0.23%	Reduced -1.0k	-1,044 -0.2%
85	BRP INC COM SUN VTG DOO	DOO	2,616,063	$226.6m0.22%	0.22%	Added +55.4k	+55,383 2.2%
86	ROGERS COMMUNICATIONS INC CL B RCI	RCI	4,870,386	$224.7m0.22%	0.22%	Added +499.9k	+499,916 11.4%
87	PG&E CORP COM PCG	PCG	13,278,514	$223.3m0.22%	0.22%	Added +3.0m	+3,031,158 29.6%
88	BECTON DICKINSON & CO COM BDX	BDX	1,433,406	$216.9m0.21%	0.21%	Added +1.4m	+1,392,135 3373.2%
89	INTEL CORP COM INTC	INTC	1,519,383	$212.2m0.21%	0.21%	Reduced -652.0k	-651,950 -30.0%
90	GE AEROSPACE COM NEW GE	GE	561,182	$209.7m0.21%	0.21%	Added +130.4k	+130,387 30.3%
91	COSTCO WHSL CORP NEW COM COST	COST	223,379	$209.0m0.21%	0.21%	Reduced -21.2k	-21,173 -8.7%
92	NEXTERA ENERGY INC COM NEE	NEE	2,312,715	$203.0m0.20%	0.20%	Reduced -271.6k	-271,627 -10.5%
93	MCDONALDS CORP COM MCD	MCD	736,107	$199.0m0.20%	0.20%	Reduced -256.0k	-256,034 -25.8%
94	DANAHER CORPORATION COM DHR	DHR	1,044,132	$198.9m0.20%	0.20%	Reduced -170.3k	-170,335 -14.0%
95	CITIGROUP INC COM NEW C	C	1,405,409	$196.7m0.19%	0.19%	Reduced -143.9k	-143,909 -9.3%
96	DESCARTES SYS GROUP INC COM DSGX	DSGX	1,971,360	$193.6m0.19%	0.19%	Reduced -475.8k	-475,787 -19.4%
97	S&P GLOBAL INC COM SPGI	SPGI	463,901	$188.9m0.19%	0.19%	Reduced -230.7k	-230,699 -33.2%
98	WEST FRASER TIMBER CO LTD COM WFG	WFG	1,878,614	$180.4m0.18%	0.18%	Added +90.7k	+90,731 5.1%
99	CVS HEALTH CORP COM CVS	CVS	1,718,574	$177.8m0.18%	0.18%	Added +129.3k	+129,283 8.1%
100	WESTERN DIGITAL CORP COM WDC	WDC	276,650	$176.7m0.17%	0.17%	Reduced -85.9k	-85,907 -23.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		362,438	$163.8m362.4k shares
THOMSON REUTERS CORP		1,741,320	$157.1m1.7m shares
DUPONT DE NEMOURS INC DWDP	DWDP	786,636	$108.1m786.6k shares
HEALTHEQUITY INC HQY	HQY	1,281,657	$107.1m1.3m shares
MAXIMUS INC MMS	MMS	1,578,075	$101.2m1.6m shares
GENERAC HLDGS INC GNRC	GNRC	392,534	$76.7m392.5k shares
NEOGEN CORP NEOG	NEOG	7,803,226	$72.5m7.8m shares
E L F BEAUTY INC ELF	ELF	935,260	$56.7m935.3k shares
LANTHEUS HLDGS INC LNTH	LNTH	714,561	$54.2m714.6k shares
SILICON LABORATORIES INC SLAB	SLAB	249,626	$52.0m249.6k shares
MSC INDL DIRECT INC MSM	MSM	563,100	$52.0m563.1k shares
HOLOGIC INC HOLX	HOLX	676,423	$51.1m676.4k shares
IRHYTHM TECHNOLOGIES INC IRTC	IRTC	371,475	$43.8m371.5k shares
PROCEPT BIOROBOTICS CORP PRCT	PRCT	1,720,738	$43.0m1.7m shares
COGNEX CORP CGNX	CGNX	796,275	$39.0m796.3k shares
COMMVAULT SYS INC CVLT	CVLT	481,061	$37.5m481.1k shares
ISHARES TR USHY	USHY	1,007,587	$37.1m1.0m shares
FLOOR & DECOR HLDGS INC FND	FND	523,693	$26.6m523.7k shares
TASEKO MINES LTD		4,020,043	$26.0m4.0m shares
COTERRA ENERGY INC CTRA	CTRA	738,299	$25.9m738.3k shares
VANGUARD WHITEHALL FDS VYMI	VYMI	257,891	$24.3m257.9k shares
ISHARES TR INDA	INDA	474,565	$22.2m474.6k shares
MARAVAI LIFESCIENCES HLDGS I MRVI	MRVI	6,306,425	$17.8m6.3m shares
KENNEDY-WILSON HOLDINGS INC KW	KW	1,528,353	$16.5m1.5m shares
CERTARA INC CERT	CERT	2,720,040	$15.5m2.7m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
DOW INC DOW · Put	DOW	Put	31,200	$90.2k31.2k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	267,000	$49.3k267.0k shares	New
HEWLETT PACKARD ENTERPRISE C HPE · Put	HPE	Put	19,800	$48.7k19.8k shares	New
DEXCOM INC DXCM · Put	DXCM	Put	14,800	$45.9k14.8k shares	New
NETFLIX INC NFLX · Put	NFLX	Put	12,700	$45.7k12.7k shares	Added
OCCIDENTAL PETE CORP OXY · Put	OXY	Put	18,900	$39.5k18.9k shares	Added
NIKE INC NKE · Put	NKE	Put	22,000	$36.1k22.0k shares	Added
INTERACTIVE BROKERS GROUP IN IBKR · Put	IBKR	Put	16,200	$30.8k16.2k shares	New
MICROCHIP TECHNOLOGY INC. MCHP · Put	MCHP	Put	36,100	$28.3k36.1k shares	New
ISHARES TR HYG · Put	HYG	Put	1,294,400	$19.4k1.3m shares	New
WELLS FARGO CO NEW WFC · Put	WFC	Put	11,800	$17.5k11.8k shares	Reduced
CARRIER GLOBAL CORPORATION CARR · Put	CARR	Put	63,000	$16.7k63.0k shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	460,000	$15.6k460.0k shares	New
HALLIBURTON CO HAL · Put	HAL	Put	28,200	$15.2k28.2k shares	New
DEVON ENERGY CORP NEW DVN · Put	DVN	Put	22,900	$15.1k22.9k shares	New
MERCK & CO INC MRK · Put	MRK	Put	11,400	$14.4k11.4k shares	New
UBER TECHNOLOGIES INC UBER · Put	UBER	Put	24,400	$12.4k24.4k shares	New
JOHNSON CTLS INTL PLC JCI · Put	JCI	Put	10,400	$8.3k10.4k shares	New
FREEPORT-MCMORAN INC FCX · Put	FCX	Put	17,300	$6.2k17.3k shares	New
VIKING HOLDINGS LTD VIK · Put	VIK	Put	16,600	$4.2k16.6k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
AAVVF AAVVF · 13G · filed 2026-08-14	AAVVF	8.0%	+1.8 pts	13G	2026-08-14
BRP INC DOO · 13G · filed 2026-02-13	DOO	7.6%≈ $177.7m	-1.3 pts	13G	2026-02-13
TELUS INTL CDA INC TIXT · 13G · filed 2025-08-14	TIXT	7.0%	-0.4 pts	13G	2025-08-14
CANADIAN SOLAR INC CSIQ · 13G · filed 2026-05-15	CSIQ	6.9%≈ $74.0m	+0.2 pts	13G	2026-05-15
CAE INC CAE · 13G · filed 2025-05-13	CAE	5.0%≈ $402.0m	-0.8 pts	13G	2025-05-13