MACKENZIE FINANCIAL CORP

Long Only Manager

MACKENZIE FINANCIAL CORP is a Long Only Manager led by Joseph Luke Gregoire Gould, reporting $162.35B in AUM as of Q3 2025 with RY as the largest holding (4% allocation).

CEOJoseph Luke Gregoire Gould

Portfolio Value: $82.7B
Positions: 1,681
Top Holding: RY at 3.85%
Last Reported: Q3 2025

Address180 Queen Street West, Toronto, Ontario, M5V 3K1, Canada

Top Holdings

Largest long holdings in MACKENZIE FINANCIAL CORP's portfolio (25.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Royal Bank of Canada RY	Banks - Diversified Financial Services	$3.2B	3.85%	-$113.1M Sold	1.53% 21.6M shares	≤ Q2 2013 Held for 12y 6m+
2 Microsoft MSFT	Software - Infrastructure Technology	$3.1B	3.72%	+$141.1M Bought	0.08% 5.9M shares	≤ Q2 2013 Held for 12y 6m+
3 Nvidia NVDA	Semiconductors Technology	$2.4B	2.95%	+$493.0M Bought	0.05% 13.1M shares	Q2 2016 Held for 9y 6m
4 Apple AAPL	Consumer Electronics Technology	$2.3B	2.79%	+$94.3M Bought	0.06% 9.1M shares	≤ Q2 2013 Held for 12y 6m+
5 SPDR S&P 500 ETF Trust SPY	ETF ETF	$2.1B	2.49%	-$82.7M Sold	— 3.1M shares	Q2 2014 Held for 11y 6m
6 Toronto Dominion Bank TD	Banks - Diversified Financial Services	$2.0B	2.47%	-$180.2M Sold	1.50% 25.6M shares	≤ Q2 2013 Held for 12y 6m+
7 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$1.6B	1.95%	+$140.1M Bought	0.05% 6.6M shares	≤ Q2 2013 Held for 12y 6m+
8 Amazon AMZN	Specialty Retail Consumer Cyclical	$1.6B	1.93%	+$184.5M Bought	0.07% 7.3M shares	≤ Q2 2013 Held for 12y 6m+
9 Agnico Eagle Mines AEM	Gold Basic Materials	$1.4B	1.70%	-$71.3M Sold	1.66% 8.4M shares	≤ Q2 2013 Held for 12y 6m+
10 Shopify SHOP	Software - Application Technology	$1.4B	1.64%	-$23.5M Sold	0.70% 9.1M shares	Q4 2018 Held for 7 years

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MACKENZIE FINANCIAL CORP's latest filing

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Market Value

$82.7B

Prior: $77.3B

Q/Q Change

+6.95%

+$5.4B

Net Flows % of MV

-0.054%

Turnover Ratio

7.04%

New Purchases

44 stocks

$38.1M

Added To

757 stocks

+$5.7B

Sold Out Of

167 stocks

$174.5M

Reduced Holdings

652 stocks

-$5.6B

Increased Positions

Position	Shares Δ	Change
1 RLX RLX Technology RLX	New	0 → 3.0M +$7.9M
2 NIO NIO	New	0 → 410.8K +$3.1M
3 AD Advo AD	New	0 → 57.0K +$2.9M
4 Rubrik RBRK	New	0 → 34.7K +$2.9M
5 IES Holdings, Inc. IESC	New	0 → 5.5K +$2.2M

Decreased Positions

Position	Shares Δ	Change
1 JFrog Ltd. FROG	Sold	413.2K → 0 −$18.1M
2 Madison Square Garden Sports MSGS	Sold	79.4K → 0 −$16.6M
3 Fiserv FI	Sold	76.1K → 0 −$13.1M
4 MAG Silver MAG	Sold	520.2K → 0 −$11.1M
5 Skechers SKX	Sold	137.2K → 0 −$8.7M

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Analytics

Portfolio insights and performance metrics for MACKENZIE FINANCIAL CORP

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Sector Allocation

Financial Services

21.00%

Technology

20.90%

Industrials

11.70%

Healthcare

7.70%

Basic Materials

7.40%

Energy

6.90%

Consumer Cyclical

6.10%

Communication Services

5.40%

ETF

4.70%

Consumer Defensive

3.20%

Utilities

1.80%

Real Estate

1.30%

Market Cap Distribution

Mega Cap (> $200B)

31.83%

Large Cap ($10B - $200B)

53.42%

Mid Cap ($2B - $10B)

7.02%

Small Cap ($300M - $2B)

0.95%

Micro Cap ($50M - $300M)

0.03%

Nano Cap (< $50M)

0.16%

N/A (ETF or Unknown)

6.60%

Portfolio Concentration

Top 10 Holdings %

25.47%

Top 20 Holdings %

37.78%

Top 50 Holdings %

57.02%

Top 100 Holdings %

72.9%