Mackenzie Financial Corp Top Holdings and 13F Report (2025)

About Mackenzie Financial Corp

Investment Activity

Mackenzie Financial Corp has $70.33 billion in total holdings as of March 31, 2025.
Mackenzie Financial Corp owns shares of 1,659 different stocks, but just 133 companies or ETFs make up 80% of its holdings.
Approximately 6.64% of the portfolio was purchased this quarter.
About 9.38% of the portfolio was sold this quarter.
This quarter, Mackenzie Financial Corp has purchased 1,690 new stocks and bought additional shares in 820 stocks.
Mackenzie Financial Corp sold shares of 553 stocks and completely divested from 171 stocks this quarter.

Largest Holdings

Royal Bank of Canada: $2,613,095,704
Microsoft: $2,036,211,084
Apple: $1,940,976,160
SPDR S&P 500 ETF Trust: $1,792,651,401
Toronto-Dominion Bank: $1,752,806,216

Largest New Holdings this Quarter

422806109 - HEICO: $40,949,272 Holding
874080104 - TAL Education Group: $11,593,677 Holding
912909108 - United States Steel: $10,383,197 Holding
00790R104 - Advanced Drainage Systems: $10,233,526 Holding
733174700 - Popular: $10,122,182 Holding

Largest Purchases this Quarter

Zoetis: 1,782,110 shares (about $293.42M)
Automatic Data Processing: 890,440 shares (about $272.06M)
Gilead Sciences: 1,939,273 shares (about $217.30M)
Medtronic: 1,660,357 shares (about $149.20M)
International Business Machines: 595,194 shares (about $148.00M)

Largest Sales this Quarter

TELUS: 16,213,784 shares (about $232.54M)
Bank of Montreal: 2,046,295 shares (about $195.40M)
Accenture: 621,692 shares (about $193.99M)
Cadence Design Systems: 718,266 shares (about $182.68M)
Amazon.com: 791,283 shares (about $150.55M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
RY Royal Bank of Canada	$2,613,095,704	$8,550,941 ▼	-0.3%	23,198,680	3.7%	Finance
MSFT Microsoft	$2,036,211,084	$96,030,768 ▼	-4.5%	5,424,255	2.9%	Computer and Technology
AAPL Apple	$1,940,976,160	$55,918,340 ▼	-2.8%	8,738,019	2.8%	Computer and Technology
SPY SPDR S&P 500 ETF Trust	$1,792,651,401	$111,366,718 ▼	-5.8%	3,204,654	2.5%	Finance
TD Toronto-Dominion Bank	$1,752,806,216	$75,621,990 ▲	4.5%	29,252,736	2.5%	Finance
CP Canadian Pacific Kansas City	$1,147,220,295	$70,142,260 ▲	6.5%	16,347,804	1.6%	Transportation
AMZN Amazon.com	$1,050,060,922	$150,549,504 ▼	-12.5%	5,519,084	1.5%	Retail/Wholesale
CNQ Canadian Natural Resources	$1,018,469,400	$46,754,576 ▲	4.8%	33,100,240	1.4%	Energy
BMO Bank of Montreal	$971,072,018	$195,401,194 ▼	-16.8%	10,169,333	1.4%	Finance
AEM Agnico Eagle Mines	$933,639,159	$4,439,691 ▼	-0.5%	8,617,626	1.3%	Basic Materials
WCN Waste Connections	$892,023,051	$48,871,951 ▲	5.8%	4,575,547	1.3%	Business Services
GOOGL Alphabet	$880,416,087	$7,339,988 ▼	-0.8%	5,693,327	1.3%	Computer and Technology
NVDA NVIDIA	$872,715,319	$119,724,785 ▼	-12.1%	8,052,365	1.2%	Computer and Technology
BN Brookfield	$840,960,570	$35,073,048 ▼	-4.0%	16,069,343	1.2%	Finance
CNI Canadian National Railway	$834,129,464	$49,199,182 ▲	6.3%	8,571,806	1.2%	Transportation
SHOP Shopify	$822,744,552	$135,692,434 ▲	19.7%	8,648,734	1.2%	Computer and Technology
ENB Enbridge	$809,981,149	$25,631,341 ▼	-3.1%	18,301,835	1.2%	Energy
MFC Manulife Financial	$768,663,881	$1,718,976 ▲	0.2%	24,669,585	1.1%	Finance
BNS Bank of Nova Scotia	$718,669,989	$17,755,019 ▲	2.5%	15,158,112	1.0%	Finance
SLF Sun Life Financial	$692,623,621	$48,389,576 ▼	-6.5%	12,102,412	1.0%	Finance
ROP Roper Technologies	$682,869,243	$4,022,704 ▼	-0.6%	1,158,230	1.0%	Computer and Technology
META Meta Platforms	$671,271,507	$90,674,684 ▼	-11.9%	1,164,674	1.0%	Computer and Technology
JPM JPMorgan Chase & Co.	$637,939,690	$11,360,334 ▼	-1.7%	2,600,651	0.9%	Finance
TRP TC Energy	$625,229,592	$44,660,076 ▲	7.7%	13,239,669	0.9%	Energy
SU Suncor Energy	$595,397,723	$93,345,113 ▲	18.6%	15,377,546	0.8%	Energy
SPGI S&P Global	$586,507,452	$5,289,829 ▼	-0.9%	1,154,315	0.8%	Business Services
V Visa	$576,156,941	$28,261,094 ▼	-4.7%	1,644,002	0.8%	Business Services
STN Stantec	$574,941,701	$16,809,106 ▼	-2.8%	6,936,608	0.8%	Business Services
PM Philip Morris International	$568,872,923	$38,539,485 ▲	7.3%	3,583,903	0.8%	Consumer Staples
TRI Thomson Reuters	$563,142,071	$60,502,030 ▼	-9.7%	3,263,471	0.8%	Business Services
JNJ Johnson & Johnson	$561,150,652	$46,116,953 ▲	9.0%	3,383,687	0.8%	Medical
BAM Brookfield Asset Management	$538,173,333	$34,566,385 ▼	-6.0%	11,118,077	0.8%	Finance
AON AON	$533,301,972	$64,835,363 ▼	-10.8%	1,336,295	0.8%	Finance
PBA Pembina Pipeline	$532,640,345	$24,554,814 ▼	-4.4%	13,316,934	0.8%	Energy
ABBV AbbVie	$523,744,687	$13,081,800 ▲	2.6%	2,499,736	0.7%	Medical
SYK Stryker	$519,701,575	$7,774,441 ▼	-1.5%	1,396,109	0.7%	Medical
MA Mastercard	$487,104,378	$88,581,125 ▼	-15.4%	888,682	0.7%	Business Services
ADP Automatic Data Processing	$484,480,143	$272,056,133 ▲	128.1%	1,585,704	0.7%	Business Services
GIB CGI	$474,702,413	$4,155,868 ▲	0.9%	4,755,285	0.7%	Computer and Technology
TU TELUS	$473,567,008	$232,542,910 ▼	-32.9%	33,018,909	0.7%	Utilities
AGG iShares Core U.S. Aggregate Bond ETF	$467,189,268	$949,632 ▲	0.2%	4,722,900	0.7%	Finance
LINDE PLC	$431,243,639	$62,338,486 ▼	-12.6%	926,131	0.6%	SHS
WMB Williams Companies	$407,606,287	$31,019,802 ▼	-7.1%	6,820,721	0.6%	Energy
MSI Motorola Solutions	$397,851,957	$45,328,221 ▼	-10.2%	908,732	0.6%	Computer and Technology
CAE CAE	$394,407,862	$2,449,753 ▼	-0.6%	16,042,746	0.6%	Aerospace
TMO Thermo Fisher Scientific	$390,809,069	$58,990,480 ▼	-13.1%	785,388	0.6%	Medical
NTR Nutrien	$389,860,048	$2,725,484 ▲	0.7%	7,855,609	0.6%	Basic Materials
DSGX The Descartes Systems Group	$389,022,710	$109,056,779 ▼	-21.9%	3,864,448	0.6%	Computer and Technology
AVGO Broadcom	$379,727,222	$71,612,825 ▼	-15.9%	2,267,976	0.5%	Computer and Technology
CM Canadian Imperial Bank of Commerce	$371,137,384	$13,379,053 ▼	-3.5%	6,597,947	0.5%	Finance
ACN Accenture	$366,226,370	$193,992,772 ▼	-34.6%	1,173,652	0.5%	Computer and Technology
CL Colgate-Palmolive	$364,761,450	$5,273,717 ▲	1.5%	3,892,865	0.5%	Consumer Staples
XOM Exxon Mobil	$358,448,836	$4,879,460 ▼	-1.3%	3,013,948	0.5%	Energy
BRK.B Berkshire Hathaway	$341,542,489	$47,123,211 ▼	-12.1%	641,298	0.5%	Finance
TLT iShares 20+ Year Treasury Bond ETF	$339,705,754	$16,339,885 ▼	-4.6%	3,731,800	0.5%	ETF
ALC Alcon	$330,973,823	$34,096,549 ▼	-9.3%	3,488,458	0.5%	Medical
UNH UnitedHealth Group	$329,317,240	$35,183,954 ▼	-9.7%	628,768	0.5%	Medical
QSR Restaurant Brands International	$327,486,329	$47,852,812 ▲	17.1%	4,912,807	0.5%	Retail/Wholesale
HD Home Depot	$317,710,914	$81,953,761 ▲	34.8%	866,902	0.5%	Retail/Wholesale
CME CME Group	$310,179,456	$4,600,924 ▲	1.5%	1,169,209	0.4%	Finance
PG Procter & Gamble	$307,183,584	$15,940,064 ▲	5.5%	1,802,509	0.4%	Consumer Staples
IT Gartner	$305,737,777	$13,513,110 ▼	-4.2%	728,398	0.4%	Business Services
UNP Union Pacific	$304,199,633	$9,271,948 ▼	-3.0%	1,287,672	0.4%	Transportation
BARRICK GOLD CORP	$303,160,901	$5,755,978 ▲	1.9%	15,614,848	0.4%	COM
ZTS Zoetis	$300,480,817	$293,424,412 ▲	4,158.3%	1,824,967	0.4%	Medical
WMT Walmart	$281,317,788	$47,579,546 ▼	-14.5%	3,204,440	0.4%	Retail/Wholesale
GILD Gilead Sciences	$280,148,418	$217,295,539 ▲	345.7%	2,500,209	0.4%	Medical
MCD McDonald's	$279,553,345	$22,377,250 ▼	-7.4%	894,943	0.4%	Retail/Wholesale
FNV Franco-Nevada	$276,223,569	$38,090,627 ▲	16.0%	1,756,344	0.4%	Basic Materials
FTS Fortis	$274,963,689	$4,274,164 ▼	-1.5%	6,036,617	0.4%	Utilities
DUK Duke Energy	$274,575,205	$6,723,840 ▼	-2.4%	2,251,170	0.4%	Utilities
ORCL Oracle	$273,279,896	$129,800,722 ▼	-32.2%	1,954,652	0.4%	Computer and Technology
CVE Cenovus Energy	$270,741,894	$97,769,495 ▲	56.5%	19,481,233	0.4%	Energy
T AT&T	$262,268,132	$57,763,865 ▲	28.2%	9,303,907	0.4%	Computer and Technology
KO Coca-Cola	$260,060,456	$53,980,352 ▲	26.2%	3,631,115	0.4%	Consumer Staples
IBM International Business Machines	$258,215,258	$148,000,940 ▲	134.3%	1,038,427	0.4%	Computer and Technology
KEYS Keysight Technologies	$246,098,320	$16,795,208 ▼	-6.4%	1,643,175	0.3%	Computer and Technology
APH Amphenol	$243,807,278	$121,152,010 ▼	-33.2%	3,717,141	0.3%	Computer and Technology
MCK McKesson	$241,104,051	$14,175,861 ▼	-5.6%	358,258	0.3%	Medical
TJX TJX Companies	$235,489,947	$4,353,376 ▲	1.9%	1,933,415	0.3%	Retail/Wholesale
BIP Brookfield Infrastructure Partners	$232,153,475	$29,165,982 ▼	-11.2%	7,804,066	0.3%	Finance
WPM Wheaton Precious Metals	$231,504,457	$18,602,976 ▼	-7.4%	2,983,416	0.3%	Basic Materials
MSCI MSCI	$226,641,656	$10,545,444 ▼	-4.4%	400,781	0.3%	Finance
RCI Rogers Communications	$223,483,014	$988,402 ▲	0.4%	8,368,837	0.3%	Consumer Discretionary
TECK Teck Resources	$219,297,400	$5,022,573 ▲	2.3%	6,020,429	0.3%	Basic Materials
MDT Medtronic	$216,752,654	$149,199,680 ▲	220.9%	2,412,115	0.3%	Medical
LLY Eli Lilly and Company	$208,487,765	$18,208,838 ▼	-8.0%	252,434	0.3%	Medical
PGR Progressive	$207,329,164	$29,809,726 ▼	-12.6%	732,586	0.3%	Finance
DHR Danaher	$199,999,845	$141,559,675 ▼	-41.4%	975,609	0.3%	Medical
AKAM Akamai Technologies	$199,961,276	$4,541,086 ▲	2.3%	2,483,991	0.3%	Computer and Technology
ABT Abbott Laboratories	$196,913,221	$98,588,664 ▼	-33.4%	1,484,457	0.3%	Medical
CRH PLC	$196,277,520	$30,207,051 ▼	-13.3%	2,231,187	0.3%	ORD
CSGP CoStar Group	$195,171,537	$37,412,802 ▼	-16.1%	2,463,354	0.3%	Computer and Technology
MMS Maximus	$190,072,670	$357,861 ▲	0.2%	2,787,398	0.3%	Business Services
VRSK Verisk Analytics	$187,974,709	$3,947,036 ▼	-2.1%	631,593	0.3%	Business Services
EFA iShares MSCI EAFE ETF	$182,404,360	$12,370,980 ▲	7.3%	2,231,792	0.3%	Finance
NFLX Netflix	$181,864,798	$89,292,545 ▼	-32.9%	195,023	0.3%	Consumer Discretionary
AGI Alamos Gold	$181,336,249	$15,619,581 ▼	-7.9%	6,787,022	0.3%	Basic Materials
CRUS Cirrus Logic	$180,396,577	$2,488,884 ▼	-1.4%	1,810,211	0.3%	Computer and Technology
MMC Marsh & McLennan Companies	$178,405,452	$9,468,120 ▼	-5.0%	731,080	0.3%	Finance

Showing largest 100 holdings. View all holdings.

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Mackenzie Financial Corp Top Holdings and 13F Report (2025)

About Mackenzie Financial Corp

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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Mackenzie Financial Corp Top Holdings and 13F Report (2025)

About Mackenzie Financial Corp

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofMackenzie Financial Corp

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools