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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
-7.15%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$701M
AUM Growth
-$312M
(-31%)
Cap. Flow
-$48.4M
Cap. Flow
% of AUM
-6.91%
Top 10 Holdings %
Top 10 Hldgs %
45.09%
Holding
80
New
1
Increased
23
Reduced
49
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Imperial Bank of Commerce
CM
|
+$8.7M |
| 2 |
Cenovus Energy
CVE
|
+$7.73M |
| 3 |
Baxter International
BAX
|
+$5.97M |
| 4 |
Telus
TU
|
+$5.91M |
| 5 |
Scotiabank
BNS
|
+$5.89M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thomson Reuters
TRI
|
+$12.4M |
| 2 |
TLM
TALISMAN ENERGY INC
TLM
|
+$9.45M |
| 3 |
Ovintiv
OVV
|
+$9.2M |
| 4 |
Bank of Montreal
BMO
|
+$7.03M |
| 5 |
GG
Goldcorp Inc
GG
|
+$7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.41% |
| 2 | Communication Services | 15.72% |
| 3 | Energy | 12.82% |
| 4 | Healthcare | 8.52% |
| 5 | Industrials | 5.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Toronto Dominion Bank
TD
$199B
| $51.8M | 7.39% |
1,210,208
+135,792
| +13% | +$5.84M |
|
2
Royal Bank of Canada
RY
$292B
| $46.3M | 6.6% |
768,376
+80,778
| +12% | +$4.97M |
|
|
3
Scotiabank
BNS
$107B
| $37.8M | 5.39% |
796,164
+120,678
| +18% | +$5.89M |
|
4
Rogers Communications
RCI
$18.8B
| $30.6M | 4.36% |
913,517
-6,753
| -0.7% | -$243K |
|
5
Manulife Financial
MFC
$70.6B
| $29.8M | 4.25% |
1,752,728
+30,385
| +2% | +$523K |
|
6
BCE
BCE
$20.2B
| $28.4M | 4.05% |
670,267
+3,257
| +0.5% | +$145K |
|
|
7
Cenovus Energy
CVE
$52.7B
| $26.5M | 3.78% |
1,570,071
+419,166
| +36% | +$7.73M |
|
|
8
Canadian Imperial Bank of Commerce
CM
$108B
| $22.8M | 3.26% |
629,734
+234,293
| +59% | +$8.7M |
|
9
Sun Life Financial
SLF
$44.7B
| $21.7M | 3.09% |
703,374
-132,036
| -16% | -$4.22M |
|
|
10
Bank of Montreal
BMO
$125B
| $20.4M | 2.92% |
340,900
-113,280
| -25% | -$7.03M |
|
11
Canadian Natural Resources
CNQ
$91.7B
| $18.4M | 2.62% |
1,239,587
-164,546
| -12% | -$2.35M |
|
12
Suncor Energy
SU
$73.5B
| $16.1M | 2.3% |
551,981
-36,335
| -6% | -$1.08M |
|
|
SJR
13
DELISTED
Shaw Communications Inc.
SJR
| $16.1M | 2.29% |
715,356
-48,729
| -6% | -$1.16M |
|
|
14
Telus
TU
$16.1B
| $14.8M | 2.11% |
891,380
+341,690
| +62% | +$5.91M |
|
|
WBA
15
DELISTED
Walgreens Boots Alliance
WBA
| $14.7M | 2.1% |
173,505
-62,865
| -27% | -$5.01M |
|
16
Johnson & Johnson
JNJ
$599B
| $13.3M | 1.9% |
132,628
+1,055
| +0.8% | +$107K |
|
17
Magna International
MGA
$18B
| $12.4M | 1.78% |
232,736
-25,234
| -10% | -$1.3M |
|
|
18
Thomson Reuters
TRI
$41.7B
| $12.2M | 1.74% |
258,824
-269,720
| -51% | -$12.4M |
|
|
BBBY
19
DELISTED
Bed Bath & Beyond Inc
BBBY
| $11.9M | 1.7% |
155,020
-4,535
| -3% | -$344K |
|
20
Morgan Stanley
MS
$332B
| $11.4M | 1.63% |
319,355
-12,987
| -4% | -$466K |
|
21
Wells Fargo
WFC
$261B
| $11M | 1.56% |
201,337
-57,983
| -22% | -$3.13M |
|
22
Procter & Gamble
PG
$347B
| $10.7M | 1.53% |
131,000
+67,125
| +105% | +$5.77M |
|
23
Verizon
VZ
$182B
| $10.4M | 1.49% |
214,405
+10,743
| +5% | +$518K |
|
24
MetLife
MET
$59.8B
| $10.3M | 1.47% |
228,978
-10,589
| -4% | -$476K |
|
25
JPMorgan Chase
JPM
$901B
| $10.3M | 1.47% |
169,484
-13,767
| -8% | -$815K |
|
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Lincluden Management's Q1 2015 Portfolio in Review
As of Q1 2015, Lincluden Management held 80 positions worth $701M, down 31% from $1.01B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Lincluden Management withdrew a net $48.4M in Q1 2015, closing 6 positions and reducing 49 holdings. Its most notable exit was TALISMAN ENERGY INC, an estimated $9.45M position sold in full.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 55% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Lincluden Management opened a new position in Baxter International worth $4.63M.
- Lincluden Management's largest Q1 2015 buy was Baxter International: 157,433 shares worth $4.63M.
- Lincluden Management added most to Canadian Imperial Bank of Commerce in Q1 2015, an estimated $8.7M increase.
- Lincluden Management's biggest Q1 2015 reduction was Thomson Reuters, cutting an estimated $12.4M.
- Lincluden Management fully exited TALISMAN ENERGY INC in Q1 2015, selling an estimated $9.45M.
- Lincluden Management's ten largest holdings make up 45% of its $701M portfolio in Q1 2015.
- Lincluden Management opened 1 new position and closed 6 in Q1 2015.
- Lincluden Management's portfolio value fell 31% quarter-over-quarter to $701M.
Based on Lincluden Management's 13F filing for Q1 2015, filed 5 May 2015.