MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

MISSISSAUGA, A6 · CIK 1058231 · 13F filing filed 2026-07-24

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyMississauga

$1.0bn reported value +8.5% vs Q1 2026

68positions

53.3%in top 10

2 new 23 added 35 reduced 4 sold out vs Q1 2026

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	319,503	$93.8m9.21%	9.21%	Reduced -87.8k	-87,771 -21.6%
2	TORONTO DOMINION BK ONT COM NEW TD	TD	526,877	$90.9m8.92%	8.92%	Reduced -163.6k	-163,556 -23.7%
3	TC ENERGY CORP COM TRP	TRP	605,977	$56.9m5.59%	5.59%	Reduced -161.8k	-161,784 -21.1%
4	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	458,826	$56.6m5.55%	5.55%	Reduced -118.6k	-118,625 -20.5%
5	CANADIAN NATL RY CO COM CNI	CNI	324,110	$54.9m5.38%	5.38%	Reduced -80.2k	-80,154 -19.8%
6	BCE INC COM NEW BCE	BCE	1,445,763	$44.2m4.34%	4.34%	Reduced -398.1k	-398,067 -21.6%
7	CGI INC CL A SUB VTG GIB	GIB	417,469	$38.3m3.76%	3.76%	Added +70.4k	+70,443 20.3%
8	RESTAURANT BRANDS INTL INC COM QSR	QSR	357,508	$36.8m3.61%	3.61%	Reduced -95.9k	-95,892 -21.1%
9	CANADIAN IMPERIAL BANK OF CO COM CM	CM	220,139	$36.0m3.53%	3.53%	Reduced -73.4k	-73,367 -25.0%
10	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	662,686	$34.3m3.37%	3.37%	Added +25.5k	+25,485 4.0%
11	CANADIAN NAT RES LTD COM CNQ	CNQ	557,895	$31.3m3.07%	3.07%	Reduced -139.1k	-139,144 -20.0%
12	SUNCOR ENERGY INC NEW COM SU	SU	408,759	$31.2m3.06%	3.06%	Reduced -104.4k	-104,392 -20.3%
13	TELUS CORPORATION COM TU	TU	1,951,523	$29.3m2.87%	2.87%	Reduced -151.7k	-151,713 -7.2%
14	NUTRIEN LTD COM NTR	NTR	320,313	$28.6m2.81%	2.81%	Reduced -114.7k	-114,665 -26.4%
15	MANULIFE FINL CORP COM MFC	MFC	479,103	$27.6m2.71%	2.71%	Reduced -209.7k	-209,690 -30.4%
16	BROOKFIELD CORP CL A LTD VT SH BN	BN	439,774	$26.6m2.61%	2.61%	Reduced -247.8k	-247,835 -36.0%
17	MAGNA INTL INC COM MGA	MGA	266,320	$24.8m2.44%	2.44%	Reduced -126.7k	-126,695 -32.2%
18	BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT BEP	BEP	422,025	$20.8m2.04%	2.04%	Reduced -150.4k	-150,364 -26.3%
19	FIRSTSERVICE CORP NEW COM FSV	FSV	66,993	$13.5m1.33%	1.33%	Added +2.3k	+2,327 3.6%
20	ALPHABET INC CAP STK CL A GOOGL	GOOGL	33,228	$11.9m1.17%	1.17%	Added +14	+14 0.0%
21	UNITEDHEALTH GROUP INC COM UNH	UNH	22,589	$9.4m0.92%	0.92%	Added +34	+34 0.1%
22	JACOBS SOLUTIONS INC COM J	J	72,023	$9.1m0.89%	0.89%	Added +18.9k	+18,878 35.5%
23	VISA INC COM CL A V	V	25,560	$8.8m0.86%	0.86%	Added +2.3k	+2,344 10.1%
24	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	16,787	$8.4m0.83%	0.83%	Added +2.4k	+2,366 16.4%
25	US BANCORP DEL COM NEW USB	USB	139,095	$8.4m0.82%	0.82%	Added +461	+461 0.3%
26	MICROSOFT CORP COM MSFT	MSFT	22,093	$8.2m0.81%	0.81%	Added +89	+89 0.4%
27	CISCO SYS INC COM CSCO	CSCO	69,320	$8.1m0.80%	0.80%	Reduced -75.0k	-74,965 -52.0%
28	AMERICAN TOWER CORP NEW COM AMT	AMT	47,493	$7.8m0.76%	0.76%	Added +6.0k	+5,988 14.4%
29	DIAGEO PLC SPON ADR NEW DEO	DEO	95,951	$7.7m0.76%	0.76%	Reduced -19.0k	-19,012 -16.5%
30	BANK AMERICA CORP COM BAC	BAC	133,646	$7.6m0.75%	0.75%	Added +816	+816 0.6%
31	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	54,765	$7.3m0.72%	0.72%	Added +2.1k	+2,150 4.1%
32	PFIZER INC COM PFE	PFE	302,092	$7.3m0.71%	0.71%	Reduced -99.2k	-99,218 -24.7%
33	ING GROEP N.V. SPONSORED ADR ING	ING	209,457	$6.6m0.65%	0.65%	Reduced -8.9k	-8,937 -4.1%
34	JPMORGAN CHASE & CO COM JPM	JPM	18,711	$6.1m0.60%	0.60%	Added +260	+260 1.4%
35	RMR GROUP INC CL A RMR	RMR	290,000	$6.0m0.58%	0.58%	Unchanged
36	MORGAN STANLEY COM NEW MS	MS	27,805	$5.8m0.57%	0.57%	Reduced -474	-474 -1.7%
37	HOME DEPOT INC COM HD	HD	15,878	$5.6m0.55%	0.55%	Added +2.7k	+2,655 20.1%
38	BOYD GROUP SERVICES INC COM BGSI	BGSI	41,310	$5.5m0.54%	0.54%	Added +12.2k	+12,197 41.9%
39	CITIGROUP INC COM NEW C	C	36,613	$5.1m0.50%	0.50%	Reduced -5.7k	-5,656 -13.4%
40	EOG RES INC COM EOG	EOG	39,024	$5.1m0.50%	0.50%	Added +63	+63 0.2%
41	COSTCO WHSL CORP NEW COM COST	COST	5,345	$5.0m0.49%	0.49%	Added +48	+48 0.9%
42	DISNEY WALT CO COM DIS	DIS	51,540	$5.0m0.49%	0.49%	Added +16.1k	+16,148 45.6%
43	WALMART INC COM WMT	WMT	43,169	$4.9m0.48%	0.48%	Reduced -682	-682 -1.6%
44	VERIZON COMMUNICATIONS INC COM VZ	VZ	108,554	$4.6m0.45%	0.45%	Reduced -77.5k	-77,450 -41.6%
45	FEDERAL RLTY INVT TR NEW SH BEN INT NEW FRT	FRT	36,888	$4.6m0.45%	0.45%	Unchanged
46	GILDAN ACTIVEWEAR INC COM GIL	GIL	59,218	$4.3m0.43%	0.43%	Added +7.9k	+7,935 15.5%
47	EQUINIX INC COM EQIX	EQIX	3,971	$4.1m0.41%	0.41%	Unchanged
48	TERRENO RLTY CORP COM TRNO	TRNO	63,499	$4.1m0.40%	0.40%	Unchanged
49	WELLTOWER INC COM WELL	WELL	17,970	$4.1m0.40%	0.40%	Unchanged
50	TRACTOR SUPPLY CO COM TSCO	TSCO	128,430	$4.1m0.40%	0.40%	Added +72.2k	+72,186 128.3%
51	SHELL PLC SPON ADS SHEL	SHEL	50,952	$4.0m0.39%	0.39%	Added +17.9k	+17,914 54.2%
52	GENTEX CORP COM GNTX	GNTX	139,650	$3.5m0.35%	0.35%	Reduced -178	-178 -0.1%
53	ROGERS COMMUNICATIONS INC CL B RCI	RCI	74,117	$3.4m0.34%	0.34%	Reduced -2.4k	-2,445 -3.2%
54	DESCARTES SYS GROUP INC COM DSGX	DSGX	34,114	$3.4m0.33%	0.33%	New
55	SANOFI SA ADR ADR		77,164	$3.3m0.32%	0.32%	Reduced -1.3k	-1,318 -1.7%
56	TJX COS INC NEW COM TJX	TJX	21,189	$3.2m0.32%	0.32%	Reduced -351	-351 -1.6%
57	GSK PLC SPONSORED ADR GSK	GSK	57,400	$3.0m0.30%	0.30%	Reduced -971	-971 -1.7%
58	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	54,797	$2.9m0.28%	0.28%	Added +19.8k	+19,757 56.4%
59	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	43,179	$2.7m0.27%	0.27%	Reduced -26.9k	-26,904 -38.4%
60	SAP SE SPON ADR SAP	SAP	15,362	$2.4m0.23%	0.23%	Reduced -14.5k	-14,471 -48.5%
61	JOHNSON & JOHNSON COM JNJ	JNJ	9,263	$2.4m0.23%	0.23%	Reduced -126	-126 -1.3%
62	AVALONBAY CMNTYS INC COM AVB	AVB	11,699	$2.2m0.22%	0.22%	Unchanged
63	EXTRA SPACE STORAGE INC COM EXR	EXR	12,429	$1.8m0.18%	0.18%	Unchanged
64	MID-AMER APT CMNTYS INC COM MAA	MAA	10,722	$1.5m0.15%	0.15%	New
65	SIMON PPTY GROUP INC NEW COM SPG	SPG	6,537	$1.5m0.14%	0.14%	Reduced -3.3k	-3,280 -33.4%
66	BXP INC COM BXP	BXP	11,822	$784.0k0.08%	0.08%	Reduced -276	-276 -2.3%
67	CORNING INC COM GLW	GLW	599	$153.0k0.02%	0.02%	Reduced -33.5k	-33,542 -98.2%
68	BROOKFIELD RENEWABLE CORP CL A EX SUB VTG BEPC	BEPC	1,257	$66.0k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PEMBINA PIPELINE CORP PBA	PBA	999,523	$45.4m999.5k shares
GRANITE REAL ESTATE INVT TR GRTUF	GRTUF	104,627	$6.2m104.6k shares
TOTALENERGIES SE		29,465	$2.7m29.5k shares
SUN CMNTYS INC SUI	SUI	12,496	$1.6m12.5k shares