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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
-16.04%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$1.3B
AUM Growth
+$100M
(+8.4%)
Cap. Flow
-$54.4M
Cap. Flow
% of AUM
-4.18%
Top 10 Holdings %
Top 10 Hldgs %
71.71%
Holding
73
New
2
Increased
12
Reduced
54
Closed
1
Top Buys
| 1 |
Canadian Natural Resources
CNQ
|
+$43.2M |
| 2 |
Enbridge
ENB
|
+$25.8M |
| 3 |
VRN
Veren
VRN
|
+$9.67M |
| 4 |
Apple
AAPL
|
+$3.51M |
| 5 |
ERF
Enerplus Corporation
ERF
|
+$2.63M |
Top Sells
| 1 |
BCE
BCE
|
+$11.8M |
| 2 |
Rogers Communications
RCI
|
+$9.56M |
| 3 |
Royal Bank of Canada
RY
|
+$8.81M |
| 4 |
Verizon
VZ
|
+$7.16M |
| 5 |
Toronto Dominion Bank
TD
|
+$6.65M |
Sector Composition
| 1 | Financials | 56.58% |
| 2 | Communication Services | 16.36% |
| 3 | Energy | 16.33% |
| 4 | Healthcare | 3% |
| 5 | Technology | 2.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bank of Montreal
BMO
$128B
| $377M | 28.99% |
577,494
-47,909
| -8% | -$3.55M |
|
|
2
Toronto Dominion Bank
TD
$205B
| $85.3M | 6.55% |
1,715,606
-121,405
| -7% | -$6.65M |
|
|
3
Royal Bank of Canada
RY
$300B
| $85.1M | 6.54% |
1,243,609
-120,748
| -9% | -$8.81M |
|
|
4
BCE
BCE
$20.6B
| $77.6M | 5.96% |
1,963,197
-287,192
| -13% | -$11.8M |
|
|
5
Enbridge
ENB
$123B
| $72.1M | 5.54% |
2,320,056
+802,096
| +53% | +$25.8M |
|
6
Scotiabank
BNS
$110B
| $66.5M | 5.11% |
1,334,966
-13,907
| -1% | -$751K |
|
|
7
Rogers Communications
RCI
$18.8B
| $46.9M | 3.61% |
915,554
-184,436
| -17% | -$9.56M |
|
|
8
Canadian Natural Resources
CNQ
$89.4B
| $44.6M | 3.43% |
3,774,353
+3,215,284
| +575% | +$43.2M |
|
|
SJR
9
DELISTED
Shaw Communications Inc.
SJR
| $40M | 3.07% |
2,208,459
-182,932
| -8% | -$3.43M |
|
10
Cenovus Energy
CVE
$50.8B
| $37.8M | 2.91% |
5,379,362
-612,741
| -10% | -$5.04M |
|
11
Canadian Imperial Bank of Commerce
CM
$110B
| $35.2M | 2.7% |
945,100
-15,860
| -2% | -$675K |
|
|
VRN
12
DELISTED
Veren
VRN
| $30.4M | 2.34% |
10,022,476
+2,270,934
| +29% | +$9.67M |
|
13
Telus
TU
$16.5B
| $27.1M | 2.09% |
1,638,238
-225,406
| -12% | -$3.92M |
|
14
Manulife Financial
MFC
$72.1B
| $26.7M | 2.06% |
2,838,256
| – | – |
|
15
Sun Life Financial
SLF
$45.2B
| $25.5M | 1.96% |
769,920
-54,132
| -7% | -$1.96M |
|
|
ERF
16
DELISTED
Enerplus Corporation
ERF
| $13.2M | 1.01% |
1,696,286
+270,345
| +19% | +$2.63M |
|
|
17
Verizon
VZ
$183B
| $12.8M | 0.99% |
228,304
-126,134
| -36% | -$7.16M |
|
18
Procter & Gamble
PG
$353B
| $9.26M | 0.71% |
100,769
-65,437
| -39% | -$5.85M |
|
19
GSK
GSK
$106B
| $9.13M | 0.7% |
191,176
-6,624
| -3% | -$326K |
|
20
Johnson & Johnson
JNJ
$602B
| $8.96M | 0.69% |
69,436
-36,383
| -34% | -$5.08M |
|
21
Cisco
CSCO
$432B
| $7.91M | 0.61% |
182,597
-141,239
| -44% | -$6.46M |
|
22
Pfizer
PFE
$143B
| $7.5M | 0.58% |
181,170
-12,991
| -7% | -$539K |
|
23
Federal Realty Investment Trust
FRT
$10.8B
| $7.03M | 0.54% |
59,526
-6,760
| -10% | -$849K |
|
|
WBA
24
DELISTED
Walgreens Boots Alliance
WBA
| $6.52M | 0.5% |
95,404
-78,760
| -45% | -$6.11M |
|
25
Brookfield
BN
$109B
| $6.3M | 0.48% |
460,985
+74,216
| +19% | +$1.11M |
|
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Lincluden Management's Q4 2018 Portfolio in Review
As of Q4 2018, Lincluden Management held 73 positions worth $1.3B, up 8.4% from $1.2B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Lincluden Management withdrew a net $54.4M in Q4 2018, closing 1 position and reducing 54 holdings. Its most notable exit was Celestica, an estimated $28K position sold in full.
By sector, the portfolio is most concentrated in Financials at 57% of assets, up from 45% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Lincluden Management opened a new position in Apple worth $2.86M.
- Lincluden Management's largest Q4 2018 buy was Apple: 72,420 shares worth $2.86M.
- Lincluden Management added most to Canadian Natural Resources in Q4 2018, an estimated $43.2M increase.
- Lincluden Management's biggest Q4 2018 reduction was BCE, cutting an estimated $11.8M.
- Lincluden Management fully exited Celestica in Q4 2018, selling an estimated $28K.
- Lincluden Management's ten largest holdings make up 72% of its $1.3B portfolio in Q4 2018.
- Lincluden Management opened 2 new positions and closed 1 in Q4 2018.
- Lincluden Management's portfolio value rose 8.4% quarter-over-quarter to $1.3B.
Based on Lincluden Management's 13F filing for Q4 2018, filed 1 Feb 2019.