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Top 5 1st Quarter Trades of MACKENZIE FINANCIAL CORP

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May 13, 2022
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MACKENZIE FINANCIAL CORP recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Mackenzie Financial Corp is a private investment management company that is headquartered in Toronto. The company was founded in 1967 by Alex Christ, starting out with the Industrial Growth Fund, later renamed the Mackenzie Growth Fund. The company would grow and acquire various funds such as Ivy Management, Cundill Funds, Cundill Investment Research, Howson Investment Counsel, and the Saxon Group of Mutual Funds to facilitate its growth and expansion. The company's main clients are pooled investment vehicles, which along makes up over two thirds of its clients and approximately half of total contributed assets, although it also provides to corporations, banking and thrift institutions, investment companies, charities, pension and profit sharing plans, and high net worth individuals in its broad client base. The company was acquired by Investors Group in 2001 to create IGM Financial. Mackenzie Financial Corp, also known as Mackenzie Investments, currently is the major subsidiary of IGM, which is in turn a member of the Power Financial Group of Companies. Mackenzie Financial Corp currently has over 71 billion in assets under management held across over 250 accounts. Although its total number of accounts held has not changed drastically from 2010 excepting the spite in number of accounts in 2011 to over 400, its total assets under management has more than doubled its $31.5 billion amount just 5 years ago. The company offers a variety of services including management for equity, balanced mutual funds, fixed income, pooled funds, pension funds, segregated funds, and labor sponsored funds. Mackenzie Financial Corp’s investments span the globe with an emphasis in the financial sector, which makes up a third of its total allocated assets, and also invests in the technology, services, energy, basic materials, and transportation sectors, among others, in order of decreasing amount allocated. Some of the its mutual funds, which went through a restructuring in 2013, include the Floating Rate Income Fund, Global Tactical Bond, Money Market Fund, Ivy Canadian Balanced Fund, Global Concentrated Equity, and Unconstrained Fixed Income Fund.

As of the latest 13F report, the guru’s equity portfolio contained 1407 stocks valued at a total of $74,584,000,000. The top holdings were RY(4.14%), TD(3.40%), and MSFT(2.30%).

According to GuruFocus data, these were MACKENZIE FINANCIAL CORP’s top five trades of the quarter.

Canadian National Railway Co


During the quarter, MACKENZIE FINANCIAL CORP bought 2,796,065 shares of NYSE:CNI for a total holding of 10,912,725. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $124.98.

On 05/13/2022, Canadian National Railway Co traded for a price of $110.62 per share and a market cap of $76,700,972,000. The stock has returned 2.32% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Canadian National Railway Co has a price-earnings ratio of 21.10, a price-book ratio of 4.55, a price-earnings-to-growth (PEG) ratio of 3.84, a EV-to-Ebitda ratio of 13.32 and a price-sales ratio of 6.94.

The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 6.

Microsoft Corp


MACKENZIE FINANCIAL CORP reduced their investment in NAS:MSFT by 1,066,709 shares. The trade had a 0.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $300.8.

On 05/13/2022, Microsoft Corp traded for a price of $261.12 per share and a market cap of $1,952,925,132,000. The stock has returned 7.83% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Microsoft Corp has a price-earnings ratio of 27.23, a price-book ratio of 12.00, a price-earnings-to-growth (PEG) ratio of 1.29, a EV-to-Ebitda ratio of 19.37 and a price-sales ratio of 10.25.

The price-to-GF Value ratio is 0.88, earning the stock a GF Value rank of 7.

Thomson Reuters Corp


During the quarter, MACKENZIE FINANCIAL CORP bought 2,859,546 shares of NYSE:TRI for a total holding of 7,105,567. The trade had a 0.42% impact on the equity portfolio. During the quarter, the stock traded for an average price of $105.91.

On 05/13/2022, Thomson Reuters Corp traded for a price of $94.85 per share and a market cap of $46,369,069,000. The stock has returned 0.94% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Thomson Reuters Corp has a price-earnings ratio of 29.53, a price-book ratio of 3.26, a price-earnings-to-growth (PEG) ratio of 3.72, a EV-to-Ebitda ratio of 23.86 and a price-sales ratio of 7.60.

The price-to-GF Value ratio is 1.05, earning the stock a GF Value rank of 5.

Magna International Inc


MACKENZIE FINANCIAL CORP reduced their investment in NYSE:MGA by 3,741,151 shares. The trade had a 0.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $74.34.

On 05/13/2022, Magna International Inc traded for a price of $60.56 per share and a market cap of $17,864,119,000. The stock has returned -36.28% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Magna International Inc has a price-earnings ratio of 14.95, a price-book ratio of 1.57, a EV-to-Ebitda ratio of 6.37 and a price-sales ratio of 0.53.

The price-to-GF Value ratio is 0.98, earning the stock a GF Value rank of 6.

S&P 500 ETF TRUST ETF


During the quarter, MACKENZIE FINANCIAL CORP bought 676,351 shares of ARCA:SPY for a total holding of 3,315,699. The trade had a 0.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $444.05.

On 05/13/2022, S&P 500 ETF TRUST ETF traded for a price of $401.72 per share and a market cap of $364,392,177,000. The stock has returned -1.95% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 20.80, a price-book ratio of 3.95, a price-earnings-to-growth (PEG) ratio of 2.54, a EV-to-Ebitda ratio of 14.37 and a price-sales ratio of 2.92.

The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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