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Morguard Lincluden Global Investments Ltd

13F for September 30, 2026, filed October 28, 2026 · SEC CIK 1058231 · Holdings history from March 31, 2006

Reported value
—
82% in companies we cover
Positions we cover
57
Largest RY 8.5%
Copy, a year
+8.9%
S&P 500 +13.6%
Copy Sharpe ratio
0.46
S&P 500 0.75

Copy-performance statistics: November 15, 2013 to November 2, 2026. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

67 reported entries for September 30, 2026.

IssuerClass / typeReported valueQuantity
ALPHABET INC.02079K305 · GOOGL CAP STK CL A $11,104 32,273
AMERICAN HEALTHCARE REIT INC398182303 · AHR COM $3,918 76,435
AMERICAN TOWER CORP03027X100 · AMT COM $6,785 41,453
BANK NOVA SCOTIA HALIFAX064149107 · BNS COM $57,487 444,227
BANK OF AMERICA CORPORATION060505104 · BAC COM $7,081 130,093
BCE INC05534B760 · BCE COM $40,726 1,405,791
BOYD GROUP SERVICES INC103310108 · BGSI COM $4,673 41,838
BXP INC.101121101 · BXP COM $722 11,822
BROOKFIELD ASSET MANAGMT LTD113004105 · BAM CL A LMT VTG SHS $2,742 43,179
BROOKFIELD CORP11271J107 CL A LTD VT SH $22,358 430,620
BROOKFIELD INFRASTRUCTURE PAG16252101 LP INT UNIT $32,629 644,198
BROOKFIELD RENEWABLE CORP11285B108 CL A EX SUB VTG $50 1,257
BROOKFIELD RENEWABLE ENERGYG16258108 PARTNERSHIP UNIT $16,333 407,511
CANADIAN NAT RES LTD COM136385101 · CNQ COM $36,461 544,770
CANADIAN NATL RY CO COM136375102 COM $52,374 309,176
CANADIAN IMPERIAL BANK OF COMMERCE136069101 · CM COM $32,103 204,833
CGI INC12532H104 CL A SUB VTG $39,449 407,740
CISCO SYSTEMS INC.17275R102 · CSCO COM $7,260 67,454
CITIGROUP INC.172967424 · C COM $4,579 35,362
COLLIERS INTL GROUP INC.194693107 · CIGI SUB VTG SHS $7,356 57,665
COSTCO WHOLESALE22160K105 · COST COM $4,742 5,209
DESCARTES SYSTEMS GROUP249906108 · DSGX COM $5,295 45,998
DIAGEO PLC-SPONS ADR25243Q205 SPON ADR NEW $8,035 93,872
DISNEY WALT CO254687106 · DIS COM $5,268 50,216
EOG RESOURCES26875P101 · EOG COM $5,222 37,905
EQUINIX INC.29444U700 · EQIX COM $4,068 4,021
EXTRA SPACE STORAGE INC.30225T102 · EXR COM $2,291 17,418
FEDERAL REALTY INVT TR313745101 · FRT SH BEN INT NEW $3,019 27,879
FIRST SERVICE CORP33767E202 · FSV COM $12,162 66,749
GENTEX CORP.371901109 · GNTX PUT $2,948 135,591
GILDAN ACTIVEWEAR INC375916103 · GIL COM $3,614 59,610
GSK PLC37733W204 · GSK COM $2,671 55,453
HOME DEPOT437076102 · HD COM $4,456 15,663
ING GROEP N V456837103 SPON ADR $7,233 203,748
JACOBS SOLUTIONS INC.46982L108 · J COM $9,493 70,180
JOHNSON & JOHNSON478160104 · JNJ COM $2,381 8,994
JPMORGAN & CHASE & CO COM46625H100 · JPM COM $6,030 18,228
MAGNA INTL INC559222401 · MGA COM $23,593 260,240
MANULIFE FINL CORP COM56501R106 · MFC COM $28,261 466,039
MICROSOFT CORP.594918104 · MSFT COM $11,006 21,459
MID-AMER APT CMNTYS INC59522J103 · MAA COM $1,869 15,870
MORGAN STANLEY617446448 · MS COM $5,049 26,844
NUTRIEN LTD.67077M108 · NTR COM $31,124 311,425
PEMBINA PIPELINE CORP COM706327103 · PBA COM $48,882 769,436
PFIZER INC717081103 · PFE COM $7,843 274,989
RESTAURANT BRANDS INTL INC.76131D103 · QSR COM $28,845 284,829
RMR GROUP INC.74967R106 · RMR CL A $5,243 290,000
ROGERS COMMUNICATIONS INC775109200 CL B $3,916 89,370
ROYAL BANK OF CANADA780087102 · RY COM $87,206 311,515
SANOFI SA80105N105 ADR $3,072 74,502
SAP SE803054204 · SAP SPON ADR $2,958 14,187
SHELL PLC780259305 · SHEL SPON ADR $4,731 49,772
SIMON PPTY GROUP NEW828806109 · SPG COM $1,312 6,537
SUNCOR ENERGY INC867224107 · SU COM $38,443 398,378
TC ENERGY CORP.87807B107 · TRP COM $48,576 589,585
TELUS CORP.87971M103 · TU COM $22,672 1,897,228
TERRENO REALTY CORP.88146M101 · TRNO COM $4,721 73,130
THERMO FISHER883556102 · TMO COM $9,447 13,994
TJX COMPANIES INC.872540109 · TJX COM $2,706 20,454
TORONTO DOMINION BK ONT891160509 · TD COM $85,091 508,524
TRACTOR SUPPLY CO892356106 · TSCO COM $3,915 125,132
UNITEDHEALTH GROUP INC COM91324P102 · UNH COM $8,059 21,955
US BANCORP902973304 · USB COM $7,804 135,103
VERIZON COMMUNICATIONS92343V104 · VZ COM $4,842 105,551
VISA INC92826C839 · V COM CL A $8,956 24,923
WALMART INC931142103 · WMT COM $5,190 49,944
WELLTOWER INC.95040Q104 · WELL COM $3,031 13,164

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $52.3k$30.2k
CopyS&P 500 $10,000 copying Morguard Lincluden Global Investments Ltd's usable filed holdings in companies we cover from November 15, 2013, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −44.2% (S&P 500 −31.8%); beta 0.87; alpha −2.4% a year (t = −0.80); last 12 months +28.6% against +12.1%.

Reported value by quarter

Morguard Lincluden Global Investments Ltd: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.
$0 $20B $40B $60B Reported value, 2013-06-30: $43.5B Reported value, 2013-09-30: $800.9M Reported value, 2013-12-31: $1.1B Reported value, 2014-03-31: $1.1B Reported value, 2014-06-30: $1.1B Reported value, 2014-09-30: $1B Reported value, 2014-12-31: $1B Reported value, 2015-03-31: $700.7M Reported value, 2015-06-30: $812M Reported value, 2015-09-30: $517.4M Reported value, 2015-12-31: $492.3M Reported value, 2016-03-31: $592.2M Reported value, 2016-06-30: $602.6M Reported value, 2016-09-30: $680.6M Reported value, 2016-12-31: $917.8M Reported value, 2017-03-31: $1.1B Reported value, 2017-06-30: $1.2B Reported value, 2017-09-30: $1.3B Reported value, 2017-12-31: $1.4B Reported value, 2018-03-31: $1.2B Reported value, 2018-06-30: $1.4B Reported value, 2018-09-30: $1.2B Reported value, 2018-12-31: $1.3B Reported value, 2019-03-31: $1B Reported value, 2019-06-30: $1.6B Reported value, 2019-09-30: $1.1B Reported value, 2019-12-31: $1.1B Reported value, 2020-03-31: $829.4M Reported value, 2020-06-30: $952.9M Reported value, 2020-09-30: $1B Reported value, 2020-12-31: $960.5M Reported value, 2021-03-31: $1B Reported value, 2021-06-30: $1B Reported value, 2021-09-30: $996.7M Reported value, 2021-12-31: $1.1B Reported value, 2022-03-31: $1.1B Reported value, 2022-06-30: $913.8M Reported value, 2022-09-30: $785M 2013-06-30 2015-06-30 2017-06-30 2019-06-30 2022-09-30 $785M
View chart data
Period Reported value
2013-06-30 $43.5B
2013-09-30 $800.9M
2013-12-31 $1.1B
2014-03-31 $1.1B
2014-06-30 $1.1B
2014-09-30 $1B
2014-12-31 $1B
2015-03-31 $700.7M
2015-06-30 $812M
2015-09-30 $517.4M
2015-12-31 $492.3M
2016-03-31 $592.2M
2016-06-30 $602.6M
2016-09-30 $680.6M
2016-12-31 $917.8M
2017-03-31 $1.1B
2017-06-30 $1.2B
2017-09-30 $1.3B
2017-12-31 $1.4B
2018-03-31 $1.2B
2018-06-30 $1.4B
2018-09-30 $1.2B
2018-12-31 $1.3B
2019-03-31 $1B
2019-06-30 $1.6B
2019-09-30 $1.1B
2019-12-31 $1.1B
2020-03-31 $829.4M
2020-06-30 $952.9M
2020-09-30 $1B
2020-12-31 $960.5M
2021-03-31 $1B
2021-06-30 $1B
2021-09-30 $996.7M
2021-12-31 $1.1B
2022-03-31 $1.1B
2022-06-30 $913.8M
2022-09-30 $785M

Latest covered holdings and moves

Covered holdings as of September 30, 2026.

CompanyShare of portfolioValueSharesChange in shares
RYRoyal Bank Of Canada8.52%—311.5K−2.5% Reduced
TDToronto Dominion Bank8.31%—508.5K−3.5% Reduced
BNSBank Of Nova Scotia5.62%—444.2K−3.2% Reduced
PBAPembina Pipeline Corp4.78%—769.4KNew
TRPTC Energy Corp4.75%—589.6K−2.7% Reduced
BCEBCE Inc3.98%—1.41M−2.8% Reduced
SUSuncor Energy Inc3.76%—398.4K−2.5% Reduced
CNQCanadian Natural Resources Ltd3.56%—544.8K−2.4% Reduced
CMCanadian Imperial Bank Of Commerce3.14%—204.8K−7.0% Reduced
NTRNutrien Ltd.3.04%—311.4K−2.8% Reduced
QSRRestaurant Brands International Inc.2.82%—284.8K−20.3% Reduced
MFCManulife Financial Corp2.76%—466.0K−2.7% Reduced
MGAMagna International Inc2.31%—260.2K−2.3% Reduced
TUTelus Corp2.21%—1.90M−2.8% Reduced
FSVFirstservice Corp1.19%—66.7K−0.4%
GOOGLAlphabet Inc. (Class A)1.08%—32.3K−2.9% Reduced
MSFTMicrosoft Corporation1.07%—21.5K−2.9% Reduced
JJacobs Solutions0.93%—70.2K−2.6% Reduced
TMOThermo Fisher Scientific0.92%—14.0K−16.6% Reduced
VVisa Inc.0.88%—24.9K−2.5% Reduced
UNHUnitedHealth Group0.79%—22.0K−2.8% Reduced
PFEPfizer0.77%—275.0K−9.0% Reduced
USBU.S. Bancorp0.76%—135.1K−2.9% Reduced
CIGIColliers International Group Inc.0.72%—57.7K+5.3% Added
CSCOCisco0.71%—67.5K−2.7% Reduced
BACBank of America0.69%—130.1K−2.7% Reduced
AMTAmerican Tower0.66%—41.5K−12.7% Reduced
JPMJPMorgan Chase0.59%—18.2K−2.6% Reduced
DSGXDescartes Systems Group Inc0.52%—46.0K+34.8% Added
DISThe Walt Disney Company0.52%—50.2K−2.6% Reduced
RMRRMR Group Inc.0.51%—290.0K0.0%
EOGEOG Resources0.51%—37.9K−2.9% Reduced
WMTWalmart0.51%—49.9K+15.7% Added
MSMorgan Stanley0.49%—26.8K−3.5% Reduced
VZVerizon0.47%—105.6K−2.8% Reduced
COSTCostco0.46%—5.2K−2.5% Reduced
SHELShell plc0.46%—49.8K−2.3% Reduced
TRNOTerreno Realty Corp0.46%—73.1K+15.2% Added
BGSIBoyd Group Services Inc.0.46%—41.8K+1.3% Added
CCitigroup0.45%—35.4K−3.4% Reduced
HDThe Home Depot0.43%—15.7K−1.4% Reduced
EQIXEquinix0.40%—4.0K+1.3% Added
AHRAmerican Healthcare Reit, Inc.0.38%—76.4K+39.5% Added
TSCOTractor Supply0.38%—125.1K−2.6% Reduced
GILGildan Activewear Inc.0.35%—59.6K+0.7% Added
WELLWelltower0.30%—13.2K−26.7% Reduced
FRTFederal Realty Investment Trust0.29%—27.9K−24.4% Reduced
SAPSAP SE0.29%—14.2K−7.6% Reduced
GNTXGentex Corp0.29%—135.6K−2.9% Reduced
BAMBrookfield Asset Management Ltd.0.27%—43.2K0.0%
TJXTJX Companies0.26%—20.5K−3.5% Reduced
GSKGSK plc0.26%—55.5K−3.4% Reduced
JNJJohnson & Johnson0.23%—9.0K−2.9% Reduced
EXRExtra Space Storage0.22%—17.4K+40.1% Added
MAAMid-America Apartment Communities0.18%—15.9K+48.0% Added
SPGSimon Property Group0.13%—6.5K0.0%
BXPBXP, Inc.0.07%—11.8K0.0%

None this quarter.

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

None this quarter.

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
GLWCorning Inc.—599
  • Financials39.7%
  • Energy21.8%
  • Communication Services10.1%
  • Consumer Discretionary8.9%
  • Real Estate6.1%
  • Materials3.7%
  • Health Care3.6%
  • Technology3.2%
  • Industrials1.8%
  • Consumer Staples1.2%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestNovember 15, 2013 to November 2, 2026+8.9%+13.6%0.460.75−44.2%0.87
2018 onwardsJanuary 5, 2018 to November 2, 2026+9.1%+13.9%0.410.66−44.2%0.83
Last three yearsNovember 3, 2023 to November 2, 2026+21.7%+21.8%1.501.16−11.0%0.39
Last yearNovember 7, 2025 to November 2, 2026+28.0%+14.2%2.100.84−6.3%0.16

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.