MACKENZIE FINANCIAL CORP

Mackenzie Financial held $83.3B across 1,420 positions, blending U.S. megacaps with a strong Canadian core — Royal Bank of Canada (3.8%) leads, ahead of NVIDIA, Apple, Toronto-Dominion and the SPDR S&P 500 ETF. The Q1 activity leaned heavily into Canadian energy and materials: the largest adds were Suncor (+$402M), Agnico Eagle (+$305M), Enbridge (+$237M), Nutrien (+$138M) and Franco-Nevada (+$126M). On the sell side, the firm trimmed Microsoft (-$811M), Royal Bank of Canada (-$450M), Shopify (-$447M) and Amazon. New positions in ExxonMobil, CME, Coca-Cola, TotalEnergies and Cisco. Assets were roughly flat at $83.3B.