Analyzing Mackenzie Financial Corp's Q4 2022 Portfolio Holdings: From Tech Giants to Resource Stocks, Here Are the Changes

In the constantly evolving world of finance, it is important to keep track of the changes in holdings of various funds. One such fund is the Mackenzie Financial Corp. In this blog post, we will be summarizing the changes in the holdings of the fund in Q3 2022 versus Q4 2022, as per the provided CSV.

Firstly, let us take a look at the stocks that were sold off by the fund. In Q4 2022, the fund reduced its holdings of Microsoft Corp (MSFT) and Apple Inc (AAPL) by 1.9% and 11.9% respectively. This is interesting to note, as these stocks are usually viewed as a safe bet among investors.

On the other hand, the fund significantly increased its stake in Canadian Natural Resources Ltd (CNQ) and Franco-Nev Corp (FNV.TO) by 18.4% and 13.1% respectively. This signifies a bullish outlook for the resource sector, which has been showing steady growth over the past few months.

Moving on, let us talk about the top holdings of the fund. In Q4 2022, the Royal Bank of Canada Sustainable (RY.TO) and the Toronto Dominion Bank Ontario (TD.TO) continue to be the top holdings of the fund, albeit with a slight decrease of 1.3% and a marginal increase of 5.5% in shares respectively. The SPDR S&P 500 ETF TR (SPY) is another major holding of the fund, with a 5.3% increase in shares in Q4 2022.

The fund has also added several new names to its portfolio. These include waste management company Waste Connections Inc (WCN), telco giant Telus Corporation (T.TO), and engineering consulting firm Stantec Inc (STN.TO), among others. These companies have all seen growth potential in their respective sectors, making them a valuable addition to the fund's portfolio.

Additionally, the fund has also made some interesting moves in the gold sector. It decreased its stake in the SPDR Gold TR (GLD) by 1.4%, but it significantly increased its holdings in Franco-Nev Corp (FNV.TO) and Barrick Gold Corp (ABX.TO) by 13.1% and 17.5% respectively. This could indicate a bullish outlook for the sector.

Looking at the overall picture, the fund's total stock holdings decreased by 0.6% from Q3 2022 to Q4 2022. Even though the fund sold off some of its holdings, it still maintained a bullish outlook by increasing its stake on several stocks.

In conclusion, the Mackenzie Financial Corp has made some interesting moves in its portfolio in Q4 2022. While it has reduced its stake in stocks such as Microsoft Corp and Apple Inc, it has also added promising stocks such as Stantec Inc and Telus Corporation. Furthermore, its bullish outlook in the resource sector is evident from the increase in holdings of Canadian Natural Resources Ltd and Barrick Gold Corp. It will be interesting to see how the fund continues to manage its portfolio in the coming months.