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Lincluden Management Portfolio holdings

AUM $939M
1-Year Est. Return 31.43%
This Fund
S&P 500
This Quarter Est. Return
+5.33%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$939M
AUM Growth
-$238M
Cap. Flow
-$23.7M
Cap. Flow %
-2.53%
Top 10 Hldgs %
48.97%
Holding
73
New
2
Increased
32
Reduced
35
Closed
3

Top Buys

1
GIB icon
CGI
GIB
+$23.7M
2
V icon
Visa
V
+$7.47M
3
PBA icon
Pembina Pipeline
PBA
+$4.47M
4
TU icon
Telus
TU
+$3.81M
5
BAM icon
Brookfield Asset Management
BAM
+$3.42M

Top Sells

1
MGA icon
Magna International
MGA
+$14.3M
2
TD icon
Toronto Dominion Bank
TD
+$13.2M
3
LEN icon
Lennar Class A
LEN
+$7.19M
4
BNS icon
Scotiabank
BNS
+$6.87M
5
NTR icon
Nutrien
NTR
+$5.98M

Sector Composition

1 Financials 31.75%
2 Energy 18.6%
3 Communication Services 10.65%
4 Consumer Discretionary 7.81%
5 Technology 5.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RY icon
1
Royal Bank of Canada
RY
$300B
$66.9M 7.12%
407,274
-19,987
-5% -$3.34M
TD icon
2
Toronto Dominion Bank
TD
$205B
$65.5M 6.97%
690,433
-138,950
-17% -$13.2M
TRP icon
3
TC Energy
TRP
$72.8B
$48.8M 5.2%
767,761
-25,838
-3% -$1.56M
BCE icon
4
BCE
BCE
$20.6B
$47.2M 5.03%
1,843,830
-41,572
-2% -$1.05M
PBA icon
5
Pembina Pipeline
PBA
$29.6B
$45.4M 4.84%
999,523
+105,360
+12% +$4.47M
CNI icon
6
Canadian National Railway
CNI
$77.8B
$42.3M 4.5%
404,264
-14,858
-4% -$1.53M
BNS icon
7
Scotiabank
BNS
$110B
$40.7M 4.33%
577,451
-93,715
-14% -$6.87M
CNQ icon
8
Canadian Natural Resources
CNQ
$89.4B
$34.5M 3.68%
697,039
+23,527
+3% +$968K
SU icon
9
Suncor Energy
SU
$71.6B
$34.5M 3.67%
513,151
-23,158
-4% -$1.28M
QSR icon
10
Restaurant Brands International
QSR
$26.8B
$34.1M 3.63%
453,400
-13,754
-3% -$966K
NTR icon
11
Nutrien
NTR
$32.2B
$33.3M 3.55%
434,978
-83,891
-16% -$5.98M
BN icon
12
Brookfield
BN
$109B
$28.3M 3.01%
687,609
-75,767
-10% -$3.36M
CM icon
13
Canadian Imperial Bank of Commerce
CM
$110B
$28.2M 3.01%
293,506
-35,892
-11% -$3.43M
TU icon
14
Telus
TU
$16.5B
$27.5M 2.92%
2,103,236
+281,410
+15% +$3.81M
GIB icon
15
CGI
GIB
$14.3B
$25.8M 2.74%
347,026
+297,310
+598% +$23.7M
MFC icon
16
Manulife Financial
MFC
$72.1B
$24.1M 2.57%
688,793
-6,330
-0.9% -$228K
BIP icon
17
Brookfield Infrastructure Partners
BIP
$18B
$23.3M 2.49%
637,201
-5,959
-0.9% -$219K
MGA icon
18
Magna International
MGA
$18.4B
$22.3M 2.37%
393,015
-249,603
-39% -$14.3M
BEP icon
19
Brookfield Renewable
BEP
$9.64B
$19M 2.02%
572,389
-2,886
-0.5% -$87K
PFE icon
20
Pfizer
PFE
$143B
$11.3M 1.2%
401,310
+12,107
+3% +$322K
CSCO icon
21
Cisco
CSCO
$432B
$11.2M 1.19%
144,285
+3,278
+2% +$257K
GOOGL icon
22
Alphabet (Google) Class A
GOOGL
$4.33T
$9.55M 1.02%
33,214
+1,731
+5% +$544K
VZ icon
23
Verizon
VZ
$183B
$9.34M 0.99%
186,004
-55,574
-23% -$2.58M
FSV icon
24
FirstService
FSV
$6.95B
$9.13M 0.97%
64,666
+17,768
+38% +$2.71M
DEO icon
25
Diageo
DEO
$47.5B
$8.56M 0.91%
114,963
+15,257
+15% +$1.33M
1
2 3

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Lincluden Management's Q1 2026 Portfolio in Review

As of Q1 2026, Lincluden Management held 73 positions worth $939M, down 20% from $1.18B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Lincluden Management's Q1 2026 filing shows 2 new, 32 increased, 35 reduced and 3 closed positions. Its largest new stake was Visa: 23,216 shares worth $7.02M. The largest sale was Magna International, an estimated $14.3M.

By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 37% a quarter earlier, followed by Energy and Communication Services.

  • Lincluden Management's largest Q1 2026 buy was Visa: 23,216 shares worth $7.02M.
  • Lincluden Management added most to CGI in Q1 2026, an estimated $23.7M increase.
  • Lincluden Management's biggest Q1 2026 reduction was Magna International, cutting an estimated $14.3M.
  • Lincluden Management fully exited Lennar Class A in Q1 2026, selling an estimated $7.19M.
  • Lincluden Management's ten largest holdings make up 49% of its $939M portfolio in Q1 2026.
  • Lincluden Management opened 2 new positions and closed 3 in Q1 2026.
  • Lincluden Management's portfolio value fell 20% quarter-over-quarter to $939M.

Based on Lincluden Management's 13F filing for Q1 2026, filed 13 May 2026.