Q3 2026 13F · SEC CIK 1058231

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

Asset managerFiled 2026-10-28 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.0B
Reported positions: 67
Top holdings a year, 3 yrs: +18.6%
Average holding period: 8.5 yrs

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd is an asset manager that reported 67 positions worth $1.0B in its Q3 2026 13F, filed 2026-10-28. Its largest holdings were Royal Bk Cda (RY, 8.5%), Toronto Dominion Bk Ont (TD, 8.3%), Bank Nova Scotia B C (BNS, 5.6%). A portfolio copying its top holdings returned 18.6% a year over the last 3 years, against 20.4% for the S&P 500.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd holdings largest 50 of 67 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
RYRoyal Bk Cda	8.5%	9.2%	311,515	-2.5%	$87.2M
TDToronto Dominion Bk Ont	8.3%	8.9%	508,524	-3.5%	$85.1M
BNSBank Nova Scotia B C	5.6%	5.6%	444,227	-3.2%	$57.5M
CNICanadian Natl Ry Co	5.1%	5.4%	309,176	-4.6%	$52.4M
PBAPembina Pipeline Corp	4.8%	—	769,436	—	$48.9M
TRPTc Energy Corp	4.7%	5.6%	589,585	-2.7%	$48.6M
BCEBce Inc	4.0%	4.3%	1,405,791	-2.8%	$40.7M
GIBCgi Inc	3.9%	3.8%	407,740	-2.3%	$39.4M
SUSuncor Energy Inc New	3.8%	3.1%	398,378	-2.5%	$38.4M
CNQCanadian Nat Res Ltd Med Ter	3.6%	3.1%	544,770	-2.4%	$36.5M
BIPBrookfield Infrastructure Pa	3.2%	3.4%	644,198	-2.8%	$32.6M
CMCanadian Imperial Bank of Co	3.1%	3.5%	204,833	-7.0%	$32.1M
NTRNutrien Ltd	3.0%	2.8%	311,425	-2.8%	$31.1M
QSRRestaurant Brands Intl Inc	2.8%	3.6%	284,829	-20.3%	$28.8M
MFCManulife Finl Corp	2.8%	2.7%	466,039	-2.7%	$28.3M
MGAMagna Intl Inc	2.3%	2.4%	260,240	-2.3%	$23.6M
TUTelus Corporation	2.2%	2.9%	1,897,228	-2.8%	$22.7M
BNBrookfield Corp	2.2%	2.6%	430,620	-2.1%	$22.4M
BEPBrookfield Renewable Energy	1.6%	2.0%	407,511	-3.4%	$16.3M
FSVFirst Service Corp	1.2%	1.3%	66,749	-0.4%	$12.2M
GOOGLAlphabet Inc	1.1%	1.2%	32,273	-2.9%	$11.1M
MSFTMicrosoft Corp	1.1%	0.8%	21,459	-2.9%	$11.0M
JJacobs Solutions Inc	0.9%	0.9%	70,180	-2.6%	$9.5M
TMOThermo Fisher Scientific Inc	0.9%	0.8%	13,994	-16.6%	$9.4M
VVisa Inc	0.9%	0.9%	24,923	-2.5%	$9.0M
UNHUnitedhealth Group Inc	0.8%	0.9%	21,955	-2.8%	$8.1M
DEODiageo PLC	0.8%	0.8%	93,872	-2.2%	$8.0M
PFEPfizer Inc	0.8%	0.7%	274,989	-9.0%	$7.8M
USBUS Bancorp	0.8%	0.8%	135,103	-2.9%	$7.8M
CIGIColliers Intl Group Inc.	0.7%	0.7%	57,665	+5.3%	$7.4M
CSCOCisco Sys Inc	0.7%	0.8%	67,454	-2.7%	$7.3M
INGIng Groep N.v.	0.7%	0.6%	203,748	-2.7%	$7.2M
BACBank of Amer Corp	0.7%	0.7%	130,093	-2.7%	$7.1M
AMTAmerican Tower Corp	0.7%	0.8%	41,453	-12.7%	$6.8M
JPMJpmorgan Chase & Co	0.6%	0.6%	18,228	-2.6%	$6.0M
DSGXDescartes Systems Group	0.5%	—	45,998	—	$5.3M
DISDisney Walt Co	0.5%	0.5%	50,216	-2.6%	$5.3M
RMRRmr Group Inc.	0.5%	0.6%	290,000	+0.0%	$5.2M
EOGEog Res Inc	0.5%	0.5%	37,905	-2.9%	$5.2M
WMTWalmart Inc	0.5%	0.5%	49,944	+15.7%	$5.2M
MSMorgan Stanley	0.5%	0.6%	26,844	-3.5%	$5.0M
VZVerizon Communications Inc	0.5%	0.5%	105,551	-2.8%	$4.8M
COSTCostco Wholesale Corporation	0.5%	0.5%	5,209	-2.5%	$4.7M
SHELShell PLC	0.5%	—	49,772	—	$4.7M
TRNOTerreno Rlty Corp	0.5%	0.4%	73,130	+15.2%	$4.7M
BGSIBoyd Group Services Inc	0.5%	0.5%	41,838	+1.3%	$4.7M
CCitigroup Inc	0.4%	0.5%	35,362	-3.4%	$4.6M
HDHome Depot Inc	0.4%	0.6%	15,663	-1.4%	$4.5M
EQIXEquinix Inc	0.4%	0.4%	4,021	+1.3%	$4.1M
AHRAmerican Healthcare REIT Inc	0.4%	—	76,435	—	$3.9M

What MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

WMT Walmart Inc+15.7% shares
TRNO Terreno Rlty Corp+15.2% shares
CIGI Colliers Intl Group Inc.+5.3% shares

Reduced

QSR Restaurant Brands Intl Inc-20.3% shares
TMO Thermo Fisher Scientific Inc-16.6% shares
AMT American Tower Corp-12.7% shares
PFE Pfizer Inc-9.0% shares
CM Canadian Imperial Bank of Co-7.0% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +35.3% /yr; S&P 500 +20.1%
3 years: +18.6% /yr; S&P 500 +20.4%
5 years: +8.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$1.0B	67
Q2 2026	$1.0B	68
Q1 2026	$938.9M	70
Q4 2025	$1.2B	71
Q3 2025	$898.3M	69
Q2 2025	$905.4M	77
Q1 2025	$787.1M	72
Q4 2024	$826.1M	73
Q3 2024	$916.9M	72
Q2 2024	$823.4M	72
Q1 2024	$842.9M	73
Q4 2023	$824.0M	75

Questions about MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's portfolio

What stocks does MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd own?

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's latest 13F, for Q3 2026 and filed Oct 28, 2026, lists 67 positions worth $1.0B. The largest are Royal Bk Cda (RY) at 8.5%, Toronto Dominion Bk Ont (TD) at 8.3%, Bank Nova Scotia B C (BNS) at 5.6%, Canadian Natl Ry Co (CNI) at 5.1% and Pembina Pipeline Corp (PBA) at 4.8%.

What did MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd buy last quarter?

In Q3 2026, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd added Walmart Inc (WMT) (+15.7% shares), Terreno Rlty Corp (TRNO) (+15.2% shares) and Colliers Intl Group Inc. (CIGI) (+5.3% shares), compared with its Q2 2026 filing.

What did MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd sell last quarter?

In Q3 2026, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd cut from its top 50 Federal Rlty Invt Tr New (FRT), cut from its top 50 Gildan Activewear Inc (GIL), cut from its top 50 Welltower Inc (WELL), cut from its top 50 Tractor Supply Co (TSCO), Restaurant Brands Intl Inc (QSR) (-20.3% shares), Thermo Fisher Scientific Inc (TMO) (-16.6% shares) and American Tower Corp (AMT) (-12.7% shares), compared with its Q2 2026 filing.

How has MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's portfolio performed?

A portfolio copying MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +35.3% against +20.1%. Over 5 years: +8.5% a year against +11.6%.

When is MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's next 13F filing due?

13F filings are due 45 days after each quarter ends. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.