§ 13F · FUND PROFILE
MACKENZIE FINANCIAL CORP.
Canadian active management, diversified
AUM · $77186.1T (13F)Positions · 1699Turnover · 95% · Q4Filed · Feb 18, 2026
CONCENTRATION
27%
Top 10 holdings
NEW BUYS
+134
+$740.7T deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → BANKING
-2pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 18, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | RY | ROYAL BK CDA | 21.02M | $3598.8T | 4.3% | −3% |
| 2 | MSFT | MICROSOFT CORP | 5.53M | $2690.3T | 3.2% | −7% |
| 3 | AAPL | APPLE INC | 9.20M | $2508.5T | 3.0% | +2% |
| 4 | NVDA | NVIDIA CORPORATION | 13.29M | $2488.3T | 2.9% | +2% |
| 5 | TD | TORONTO DOMINION BK ONT | 25.54M | $2415.4T | 2.9% | ±0% |
| 6 | SPY | SPDR S&P 500 ETF TR | 3.14M | $2152.3T | 2.5% | +2% |
| 7 | GOOGL | ALPHABET INC | 6.39M | $2000.5T | 2.4% | −4% |
| 8 | SHOP | SHOPIFY INC | 9.96M | $1627.4T | 1.9% | +9% |
| 9 | AMZN | AMAZON COM INC | 6.70M | $1553.8T | 1.8% | −8% |
| 10 | AEM | AGNICO EAGLE MINES LTD | 8.69M | $1489.5T | 1.8% | +4% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other48.6% (−2pp)
Banking12.8% (+1pp)
Technology12.6% (−1pp)
Metals & Mining7.3% (+1pp)
Energy7.1% (±0)
Financial Services6.3% (±0)
§ 03 · THE MACKENZIE SIGNAL
AC read
MACKENZIE FINANCIAL CORP is a Quality / Compounder fund managing $77186128.2 trillion in assets. The fund runs a massive portfolio of 1,699 positions, broad diversification across holdings, with the top 10 accounting for 27%. Trading activity is aggressive at 95% quarterly turnover, with 134 new positions and 0 exits last quarter. Top sector allocations: Other (49%), Banking (13%), Technology (13%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q4 2025
Busy quarter
+134 buys · −0 exits · 1456 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed