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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
-25.99%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$829M
AUM Growth
-$281M
(-25%)
Cap. Flow
+$88.5M
Cap. Flow
% of AUM
10.67%
Top 10 Holdings %
Top 10 Hldgs %
61.34%
Holding
78
New
5
Increased
42
Reduced
22
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Magna International
MGA
|
+$36.3M |
| 2 |
Canadian National Railway
CNI
|
+$27.7M |
| 3 |
Toronto Dominion Bank
TD
|
+$11.5M |
| 4 |
Canadian Natural Resources
CNQ
|
+$11.2M |
| 5 |
SJR
Shaw Communications Inc.
SJR
|
+$8.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Manulife Financial
MFC
|
+$35.3M |
| 2 |
Enbridge
ENB
|
+$12.7M |
| 3 |
Camden Property Trust
CPT
|
+$2.86M |
| 4 |
Zimmer Biomet
ZBH
|
+$2.76M |
| 5 |
SAP
SAP
|
+$2.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.34% |
| 2 | Communication Services | 21.97% |
| 3 | Energy | 14.53% |
| 4 | Healthcare | 4.37% |
| 5 | Consumer Discretionary | 3.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Toronto Dominion Bank
TD
$199B
| $86.4M | 10.41% |
2,029,755
+224,059
| +12% | +$11.5M |
|
2
Royal Bank of Canada
RY
$292B
| $79.5M | 9.59% |
1,282,424
+42,055
| +3% | +$3.12M |
|
3
Scotiabank
BNS
$107B
| $63.2M | 7.62% |
1,547,311
+121,810
| +9% | +$6.16M |
|
|
4
Enbridge
ENB
$122B
| $55.4M | 6.68% |
1,901,271
-341,502
| -15% | -$12.7M |
|
5
BCE
BCE
$20.2B
| $50.5M | 6.09% |
1,229,690
-46,880
| -4% | -$2.1M |
|
6
Rogers Communications
RCI
$18.8B
| $48.6M | 5.86% |
1,163,799
-19,230
| -2% | -$900K |
|
|
7
Canadian Natural Resources
CNQ
$91.7B
| $32.7M | 3.94% |
4,876,727
+941,158
| +24% | +$11.2M |
|
8
Telus
TU
$16.1B
| $31.8M | 3.83% |
2,008,856
+357,588
| +22% | +$6.62M |
|
|
SJR
9
DELISTED
Shaw Communications Inc.
SJR
| $31.5M | 3.8% |
1,939,959
+493,435
| +34% | +$8.95M |
|
|
10
Canadian National Railway
CNI
$76.9B
| $29.2M | 3.52% |
372,865
+317,625
| +575% | +$27.7M |
|
11
Canadian Imperial Bank of Commerce
CM
$108B
| $28.9M | 3.49% |
992,578
+30,930
| +3% | +$1.15M |
|
12
Bank of Montreal
BMO
$125B
| $27.1M | 3.27% |
536,904
-280
| -0.1% | -$19K |
|
|
13
Magna International
MGA
$18B
| $25.2M | 3.04% |
789,240
+786,585
| +29,627% | +$36.3M |
|
14
Sun Life Financial
SLF
$44.7B
| $23.4M | 2.82% |
726,839
+16,815
| +2% | +$720K |
|
15
Verizon
VZ
$182B
| $11.9M | 1.44% |
222,157
+9,313
| +4% | +$533K |
|
16
Cenovus Energy
CVE
$52.7B
| $11.2M | 1.35% |
5,548,662
+427,620
| +8% | +$3M |
|
17
Dollar General
DG
$27.5B
| $10.8M | 1.3% |
117,888
+32,035
| +37% | +$4.95M |
|
|
WBA
18
DELISTED
Walgreens Boots Alliance
WBA
| $9.89M | 1.19% |
216,099
-3,650
| -2% | -$185K |
|
|
VRN
19
DELISTED
Veren
VRN
| $8.5M | 1.02% |
10,965,494
+28,968
| +0.3% | +$80.1K |
|
20
Brookfield
BN
$104B
| $8.43M | 1.02% |
532,634
+209,165
| +65% | +$4.3M |
|
|
GRP.U
21
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $8.05M | 0.97% |
194,844
+11,034
| +6% | +$547K |
|
22
GSK
GSK
$100B
| $7.26M | 0.88% |
153,394
+13,144
| +9% | +$701K |
|
23
Cisco
CSCO
$436B
| $7.15M | 0.86% |
181,867
+74,125
| +69% | +$3.25M |
|
24
Centene
CNC
$32.5B
| $6.75M | 0.81% |
113,545
-3,805
| -3% | -$231K |
|
25
Pfizer
PFE
$141B
| $6.68M | 0.8% |
215,583
+27,609
| +15% | +$941K |
|
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Lincluden Management's Q1 2020 Portfolio in Review
As of Q1 2020, Lincluden Management held 78 positions worth $829M, down 25% from $1.11B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Lincluden Management deployed $88.5M of net new capital in Q1 2020, opening 5 new positions and adding to 42 existing holdings. Its largest new stake was Carnival Corporation Ltd: 161,175 shares worth $2.12M.
By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 42% a quarter earlier, followed by Communication Services and Energy.
On the sell side, the largest reduction was Enbridge, an estimated $12.7M trimmed.
- Lincluden Management's largest Q1 2020 buy was Carnival Corporation Ltd: 161,175 shares worth $2.12M.
- Lincluden Management added most to Magna International in Q1 2020, an estimated $36.3M increase.
- Lincluden Management's biggest Q1 2020 reduction was Enbridge, cutting an estimated $12.7M.
- Lincluden Management fully exited Manulife Financial in Q1 2020, selling an estimated $35.3M.
- Lincluden Management's ten largest holdings make up 61% of its $829M portfolio in Q1 2020.
- Lincluden Management opened 5 new positions and closed 8 in Q1 2020.
- Lincluden Management's portfolio value fell 25% quarter-over-quarter to $829M.
Based on Lincluden Management's 13F filing for Q1 2020, filed 14 May 2020.