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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
-10.49%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$785M
AUM Growth
-$129M
(-14%)
Cap. Flow
-$29.2M
Cap. Flow
% of AUM
-3.72%
Top 10 Holdings %
Top 10 Hldgs %
55.74%
Holding
71
New
1
Increased
17
Reduced
46
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Restaurant Brands International
QSR
|
+$22.8M |
| 2 |
TCN
Tricon Residential Inc.
TCN
|
+$4.96M |
| 3 |
Haleon
HLN
|
+$1.88M |
| 4 |
Walt Disney
DIS
|
+$1.86M |
| 5 |
Rogers Communications
RCI
|
+$1.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GSK
GSK
|
+$8.45M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$6.7M |
| 3 |
Royal Bank of Canada
RY
|
+$5.45M |
| 4 |
Toronto Dominion Bank
TD
|
+$4.61M |
| 5 |
Americold
COLD
|
+$3.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.14% |
| 2 | Communication Services | 16.87% |
| 3 | Energy | 12.29% |
| 4 | Consumer Discretionary | 7.86% |
| 5 | Real Estate | 7.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Toronto Dominion Bank
TD
$199B
| $76.8M | 9.79% |
1,252,496
-71,191
| -5% | -$4.61M |
|
|
2
Royal Bank of Canada
RY
$292B
| $73.5M | 9.36% |
816,308
-56,863
| -7% | -$5.45M |
|
3
Canadian Imperial Bank of Commerce
CM
$108B
| $40.6M | 5.18% |
928,467
-64,199
| -6% | -$3.13M |
|
|
4
Rogers Communications
RCI
$18.8B
| $40.3M | 5.13% |
1,044,955
+24,367
| +2% | +$1.08M |
|
5
BCE
BCE
$20.2B
| $40M | 5.1% |
955,073
-63,979
| -6% | -$3.11M |
|
6
Scotiabank
BNS
$107B
| $37.7M | 4.81% |
793,289
-46,630
| -6% | -$2.67M |
|
7
Brookfield
BN
$104B
| $34.8M | 4.43% |
1,578,231
-98,002
| -6% | -$2.54M |
|
8
Pembina Pipeline
PBA
$29.5B
| $31.9M | 4.06% |
1,049,461
-72,740
| -6% | -$2.59M |
|
9
Canadian National Railway
CNI
$76.9B
| $31.5M | 4.02% |
291,907
-19,691
| -6% | -$2.35M |
|
10
Telus
TU
$16.1B
| $30.4M | 3.87% |
1,528,828
-95,868
| -6% | -$2.14M |
|
11
Manulife Financial
MFC
$70.6B
| $29M | 3.7% |
1,849,671
-98,507
| -5% | -$1.73M |
|
|
12
Restaurant Brands International
QSR
$25.7B
| $28.9M | 3.68% |
543,080
+403,838
| +290% | +$22.8M |
|
13
Suncor Energy
SU
$73.5B
| $28.5M | 3.64% |
1,013,648
-78,304
| -7% | -$2.47M |
|
14
Magna International
MGA
$18B
| $28.2M | 3.6% |
594,939
-34,518
| -5% | -$2.01M |
|
15
Enbridge
ENB
$122B
| $26.8M | 3.42% |
723,142
-53,351
| -7% | -$2.25M |
|
16
Pfizer
PFE
$141B
| $12.3M | 1.57% |
280,921
-18,014
| -6% | -$875K |
|
17
Dollar Tree
DLTR
$24.3B
| $8.89M | 1.13% |
65,294
-1,600
| -2% | -$249K |
|
18
Cisco
CSCO
$436B
| $8.58M | 1.09% |
214,399
-810
| -0.4% | -$35.9K |
|
19
Oracle
ORCL
$350B
| $8.31M | 1.06% |
136,020
-9,778
| -7% | -$716K |
|
20
Verizon
VZ
$182B
| $8.14M | 1.04% |
214,317
+4,224
| +2% | +$188K |
|
|
GRP.U
21
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $7.62M | 0.97% |
157,855
-2,351
| -1% | -$137K |
|
22
FirstService
FSV
$6.75B
| $7.14M | 0.91% |
59,974
-5,159
| -8% | -$659K |
|
|
WBA
23
DELISTED
Walgreens Boots Alliance
WBA
| $7M | 0.89% |
223,090
-8,835
| -4% | -$327K |
|
24
The RMR Group
RMR
$340M
| $6.87M | 0.88% |
290,000
| – | – |
|
25
Wells Fargo
WFC
$261B
| $6.79M | 0.87% |
168,841
-2,540
| -1% | -$109K |
|
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Lincluden Management's Q3 2022 Portfolio in Review
As of Q3 2022, Lincluden Management held 71 positions worth $785M, down 14% from $914M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Lincluden Management withdrew a net $29.2M in Q3 2022, closing 3 positions and reducing 46 holdings. Its most notable exit was GSK, an estimated $8.45M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 40% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Lincluden Management opened a new position in Haleon worth $1.77M.
- Lincluden Management's largest Q3 2022 buy was Haleon: 290,727 shares worth $1.77M.
- Lincluden Management added most to Restaurant Brands International in Q3 2022, an estimated $22.8M increase.
- Lincluden Management's biggest Q3 2022 reduction was Royal Bank of Canada, cutting an estimated $5.45M.
- Lincluden Management fully exited GSK in Q3 2022, selling an estimated $8.45M.
- Lincluden Management's ten largest holdings make up 56% of its $785M portfolio in Q3 2022.
- Lincluden Management opened 1 new position and closed 3 in Q3 2022.
- Lincluden Management's portfolio value fell 14% quarter-over-quarter to $785M.
Based on Lincluden Management's 13F filing for Q3 2022, filed 7 Nov 2022.